• Associated Press
    Associated Press
  • Associated Press
    Associated Press
  • Agence France-Presse
    Agence France-Presse
  • Associated Press
    Associated Press

Holly to Bolly: Ben Affleck will not direct standalone Batman movie, art robber says he destroyed stolen Picasso and more


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Ben Affleck is no longer directing the Batman standalone movie for Warner Bros. Affleck said it "has become clear that I cannot do both jobs to the level they require" and that he and the studio are looking for a new director. "There are certain characters who hold a special place in the hearts of millions," Affleck said. "Performing this role demands focus, passion and the very best performance I can give." Affleck made his debut as the superhero for the studio last summer in Batman v Superman: Dawn of Justice, and he had been attached to write and direct the Batman standalone movie for about a year. The studio said that it "fully supports" Affleck's decision and "remains committed to working with him to bring a standalone Batman picture to life." Warner Bros. has had a rocky start kicking off its expanded universe of DC Comics films. Both Batman v Superman and Suicide Squad were savaged by critics, but they still managed to be profitable. Affleck will appear next as Batman in Justice League, which comes out on Nov 17. The Batman standalone doesn't yet have an official title or release date, but it is tentatively pegged for 2018. "I am still in this, and we are making it," Affleck said. "I remain extremely committed to this project, and look forward to bringing this to life for fans around the world." -AP

Co-defendant in art robbery says he destroyed stolen masterpieces

A co-defendant in one of the world’s biggest art heists testified in court that he destroyed and threw away five art masterpieces worth more than $100 million that were stolen by a thief nicknamed ‘the spider-man.’ Yonathan Birn was among three people who went on trial in the case earlier this week. The five paintings stolen in 2010 from the French capital’s city Museum of Modern Art — a Picasso, a Matisse, a Modigliani, a Braque and a Fernand Leger — have never been found. “I threw them into the trash,” Birn said three times at the court bar, in tears. “I made the worst mistake of my existence.” Neither the investigating judge nor other defendants at the trial believe Birn’s claims. The investigators are convinced the five paintings have been taken out of France, but they have not been able to prove that. Birn’s co-defendants testified he was “too smart” to destroy the masterpieces. Lead suspect Vjeran Tomic, dubbed ‘the spider-man’ by French news media, has been convicted 14 times in the past, notably for thefts. Authorities found climbing gear at his home: gloves, ropes, harness, climbing shoes and suction cups. Tomic testified that on May 20, 2010, he broke into the museum near the Eiffel Tower with apparent ease, taking advantage of supposed failures in the security, alarm and video-surveillance systems. -AP

Paris Jackson is ready for her close-up

Fox TV has announced that the daughter of the late Michael Jackson will make her acting debut this season on the drama series Star. Paris Jackson will play an intimidating social media guru, Rachel, who has an impact on the show's lead characters. The 18-year-old Jackson was born to the pop star and then-wife Debbie Rowe. Star, from Empire creator Lee Daniels, is set in the music industry and features Queen Latifah as a surrogate mum to aspiring young singers. A date for the episode with Paris Jackson has not been announced. -AP

New York Times launches podcast

Best known for its print coverage, The New York Times is broadening into the realm of daily audio news by launching a brand new podcast. The Daily, a 15 to 20 minute audio offering, launches today and will be available to listeners through the newspaper's website and mobile apps. The show will cover a range of topics from hard news to other topics "highlighting culturally relevant news of the day," the newspaper said. Host will be Michael Barbaro, who covered the 2016 US election and who will also share context, analysis and thoughts with Times readers by text message. Last week The Washington Post launched the podcast Can He Do That? to assess Trump's presidency. The Wall Street Journal also offers readers a variety of podcasts. "Our readers have always turned to us first thing in the morning to help them understand the world," said Dean Baquet, executive editor of the Times. "Now, with our new audio report, we're able to explain the news in a whole new way." -AFP

Rapper Azealia Banks takes shots at Rihanna

Rapper Azealia Banks has launched another social media beef, and this time her target is Rihanna. Banks called out the Barbados-born Rihanna after the singer tweeted: "Disgusted! The news is devastating! America is being ruined right before our eyes!" The tweet was a response to President Donald Trump's order to temporarily suspend immigration from seven Muslim majority nations. People magazine reports Banks responded by noting that Rihanna isn't a citizen and can't vote. Banks added "Stop chastising the president." The stars went back and forth for hours on Instagram. Banks appears to have deleted many of her posts. Banks has a long history of taking shots at stars on social media, including TI, Iggy Azalea and Eminem. -AP

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While you're here ...

Damien McElroy: What happens to Brexit?

Con Coughlin: Could the virus break the EU?

Andrea Matteo Fontana: Europe to emerge stronger

UAE v Gibraltar

What: International friendly

When: 7pm kick off

Where: Rugby Park, Dubai Sports City

Admission: Free

Online: The match will be broadcast live on Dubai Exiles’ Facebook page

UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

Name: Peter Dicce

Title: Assistant dean of students and director of athletics

Favourite sport: soccer

Favourite team: Bayern Munich

Favourite player: Franz Beckenbauer

Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates 

 

Huroob Ezterari

Director: Ahmed Moussa

Starring: Ahmed El Sakka, Amir Karara, Ghada Adel and Moustafa Mohammed

Three stars

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

The specs

Engine: four-litre V6 and 3.5-litre V6 twin-turbo

Transmission: six-speed and 10-speed

Power: 271 and 409 horsepower

Torque: 385 and 650Nm

Price: from Dh229,900 to Dh355,000

Indoor cricket in a nutshell

Indoor Cricket World Cup - Sep 16-20, Insportz, Dubai

16 Indoor cricket matches are 16 overs per side

8 There are eight players per team

There have been nine Indoor Cricket World Cups for men. Australia have won every one.

5 Five runs are deducted from the score when a wickets falls

Batsmen bat in pairs, facing four overs per partnership

Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.

Zones

A Front net, behind the striker and wicketkeeper: 0 runs

B Side nets, between the striker and halfway down the pitch: 1 run

Side nets between halfway and the bowlers end: 2 runs

Back net: 4 runs on the bounce, 6 runs on the full

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

Sole survivors
  • Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
  • George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
  • Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
  • Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
How to donate

Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
2252 – Dh 50
6025 – Dh20
6027 – Dh 100
6026 – Dh 200

'Champions'

Director: Manuel Calvo
Stars: Yassir Al Saggaf and Fatima Al Banawi
Rating: 2/5
 

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Libya's Gold

UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves. 

The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.

Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.

A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.

How to wear a kandura

Dos

  • Wear the right fabric for the right season and occasion 
  • Always ask for the dress code if you don’t know
  • Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work 
  • Wear 100 per cent cotton under the kandura as most fabrics are polyester

Don’ts 

  • Wear hamdania for work, always wear a ghutra and agal 
  • Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying

Revival
Eminem
Interscope

What is the definition of an SME?

SMEs in the UAE are defined by the number of employees, annual turnover and sector. For example, a “small company” in the services industry has six to 50 employees with a turnover of more than Dh2 million up to Dh20m, while in the manufacturing industry the requirements are 10 to 100 employees with a turnover of more than Dh3m up to Dh50m, according to Dubai SME, an agency of the Department of Economic Development.

A “medium-sized company” can either have staff of 51 to 200 employees or 101 to 250 employees, and a turnover less than or equal to Dh200m or Dh250m, again depending on whether the business is in the trading, manufacturing or services sectors. 

ETFs explained

Exhchange traded funds are bought and sold like shares, but operate as index-tracking funds, passively following their chosen indices, such as the S&P 500, FTSE 100 and the FTSE All World, plus a vast range of smaller exchanges and commodities, such as gold, silver, copper sugar, coffee and oil.

ETFs have zero upfront fees and annual charges as low as 0.07 per cent a year, which means you get to keep more of your returns, as actively managed funds can charge as much as 1.5 per cent a year.

There are thousands to choose from, with the five biggest providers BlackRock’s iShares range, Vanguard, State Street Global Advisors SPDR ETFs, Deutsche Bank AWM X-trackers and Invesco PowerShares.