• AP Photo
    AP Photo
  • Courtesy Lucasfilm
    Courtesy Lucasfilm
  • Antonie Robertson / The National
    Antonie Robertson / The National
  • Chris Pizzello / Invision / AP
    Chris Pizzello / Invision / AP
  • Courtesy of EDEN Beach Club
    Courtesy of EDEN Beach Club

Holly to Bolly: Guns n’ Roses top the global tour takings, Liam Payne and Cheryl announce first child and more


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Fresh from a mammoth, big budget UAE show, Guns n’ Roses have been named the top grossing live act in the world.

According to stats compiled by Pollstar, the reformed rock legends bank an average of $5,004,737 (Dh18.3 million) per show, with the average ticket price set at $101.82 (Dh373). Regular tickets for the band’s controversy struck show at Dubai Autism Rocks Arena on March 3 – at which fans complained of delays of several hours getting to and from the venue – were comparatively priced at Dh400, with a reported attendance of 30,000.

The closet competition to Gn’R came from Justin Bieber – who performs at the same Dubai venue on May 6 – who grosses an average of $1,676,016 per show, with ticket priced rounded to $80.90. - The National Staff

1D’s Liam Payne and Cheryl announce first child

Former Girls Aloud star Cheryl and her partner Liam Payne of One Direction fame have announced the birth of their first child. Cheryl said on Instagram on Saturday (March 25) night that their son was born on Wednesday (March 22) and has not been named.

“Although he still doesn’t have a name he is already stealing hearts. We are all madly in love and overwhelmingly happy with our little arrival,” she said. Payne, who is now also a solo artist, said he was “incredibly happy” and posted a photo of himself with the baby.

Cheryl was known as Cheryl Cole when she was in Girls Aloud. She has also been a judge on the The X Factor, the show that Payne competed on before he was placed into One Direction. – AP

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Last Jedi ‘not changed’ due to Fisher’s death

Disney CEO Bob Iger says the upcoming Star Wars sequel has not been changed due to the death of Carrie Fisher. Fisher completed filming her role as Princess Leia in The Last Jedi before her death following a heart attack in December.

Iger said in an interview at a University of Southern California tech conference Thursday that Fisher "appears throughout" the film and her performance "remains as it was." Iger says Disney is discussing "what could be another decade and a half of Star Wars stories."

Iger’s remark came on the same day Disney ended speculation that he would retire this year by extending his contract one year to 2019. He says he and Disney’s board thought they needed more time to work on a succession plan. – AP

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Deepika Padukone to miss Cannes film fest

Bollywood actress Deepika Padukone says she will not be seen stalking the red carpet of the prestigious Cannes Film Festival in May as she is focussed on her film project Padmavati.

There was buzz that Deepika, who has reportedly bagged an international endorsement deal with cosmetic giant L’Oreal, will represent the brand at the film jamboree. Asked about it, Deepika told the media here: “No. Right now all my energies are focused on Padmavati.”

The actress, who featured in Hollywood film xXx: Return of Xander Cage, looked very stylish as she stepped out for the HT Style Awards here on Friday night. – IANS

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Netflix re-signs with Sandler for four more films

Netflix is doubling down on Adam Sandler, with the streaming giant extending its deal with the comedian for four more feature films.

As part of a previous four-movie deal, Sandler has already produced and starred in two films for Netflix. While neither Ridiculous 6 nor The Do-Over received anything close to good reviews, Netflix announced they are the biggest film releases for the service. Sandler's next Netflix film, Sandy Wexler, debuts April 14.

Netflix Chief Content Officer Ted Sarandos said Sandler’s films have proven “extremely successful” with Netflix subscribers.

To date, the majority of Netflix original films have been smaller dramas or documentaries. But some of its most ambitious and priciest acquisitions are due out this year, including War Machine with Brad Pitt – which was partially shot in Abu Dhabi – and Bright with Will Smith. – AP

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Steve Aoki collaborates with Indian DJ

Indian DJ Shaan Singh has signed a collaborative deal with American electro house musician Steve Aoki for a remix of the song Don't Hold On, which features singer Louis Tomlinson. For the deal, Shaan – who was the first Indian DJ to play at Belgium's Tomorrowland festival – has signed up with the global agency David Lewis Productions.

“2017 is an exciting year for me. My management is also working to get me included on the Ultra Music Festival [in Miami] line-up this year and I hope I get to share the stage along with Steve Aoki and feature my remix live. This is all a result of the hard work I have put in over a period of seven years,” Shaan said in a statement. DJ Shaan has shared the stage with industry pioneers like Tiesto, Hardwell, Afrojack, David Guetta and Swedish House Mafia. – IANS

Results

2pm: Maiden (TB) Dh60,000 (Dirt) 1,200m, Winner: Mouheeb, Tom Marquand (jockey), Nicholas Bachalard (trainer)

2.30pm: Handicap (TB) Dh68,000 (D) 1,200m, Winner: Honourable Justice, Royston Ffrench, Salem bin Ghadayer

3pm: Handicap (TB) Dh84,000 (D) 1,200m, Winner: Dahawi, Antonio Fresu, Musabah Al Muhairi

3.30pm: Conditions (TB) Dh100,000 (D) 1,200m, Winner: Dark Silver, Fernando Jara, Ahmad bin Harmash

4pm: Maiden (TB) Dh60,000 (D) 1,600m, Winner: Dark Of Night. Antonio Fresu, Al Muhairi.

4.30pm: Handicap (TB) Dh68,000 (D) 1,600m, Winner: Habah, Pat Dobbs, Doug Watson

The biog

Family: Parents and four sisters

Education: Bachelor’s degree in business management and marketing at American University of Sharjah

A self-confessed foodie, she enjoys trying out new cuisines, her current favourite is the poke superfood bowls

Likes reading: autobiographies and fiction

Favourite holiday destination: Italy

Posts information about challenges, events, runs in other emirates on the group's Instagram account @Anagowrunning

Has created a database of Emirati and GCC sportspeople on Instagram @abeermk, highlight: Athletes

Apart from training, also talks to women about nutrition, healthy lifestyle, diabetes, cholesterol, blood pressure

'The Predator'
Dir: Shane Black
Starring: Olivia Munn, Boyd Holbrook, Keegan-Michael Key
Two and a half stars

Results

2pm Handicap (PA) Dh85,000 1,800m

Winner AF Al Baher, Tadhg O’Shea (jockey), Ernst Oertel (trainer).

2.30pm Maiden (TB) Dh75,000 1,400m

Winner Alla Mahlak, Fabrice Veron, Rashed Bouresly.

3pm Handicap (TB) Dh80,000 1,400m

Winner Davy Lamp, Adrie de Vries, Rashed Bouresly.

3.30pm Handicap (TB) Dh105,000 1,400m

Winner Ode To Autumn, Richard Mullen, Satish Seemar.

4pm Handicap (TB) Dh80,000 1,950m

Winner Arch Gold, Pat Dobbs, Doug Watson.

4.30pm Maiden (TB) Dh75,000 1,800m

Winner Meqdam, Pat Dobbs, Doug Watson.

5pm Handicap (TB) Dh90,000 1,800m

Winner Native Appeal, Sam Hitchcott, Doug Watson.

5.30pm Maiden (TB) Dh75,000 1,400m

Winner Amani Pico, Tadhg O’Shea, Satish Seemar

White hydrogen: Naturally occurring hydrogenChromite: Hard, metallic mineral containing iron oxide and chromium oxideUltramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica contentOphiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on landOlivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour

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.”

FROM%20THE%20ASHES
%3Cp%3EDirector%3A%20Khalid%20Fahad%3C%2Fp%3E%0A%3Cp%3EStarring%3A%20Shaima%20Al%20Tayeb%2C%20Wafa%20Muhamad%2C%20Hamss%20Bandar%3C%2Fp%3E%0A%3Cp%3ERating%3A%203%2F5%3C%2Fp%3E%0A
In-demand jobs and monthly salaries
  • Technology expert in robotics and automation: Dh20,000 to Dh40,000 
  • Energy engineer: Dh25,000 to Dh30,000 
  • Production engineer: Dh30,000 to Dh40,000 
  • Data-driven supply chain management professional: Dh30,000 to Dh50,000 
  • HR leader: Dh40,000 to Dh60,000 
  • Engineering leader: Dh30,000 to Dh55,000 
  • Project manager: Dh55,000 to Dh65,000 
  • Senior reservoir engineer: Dh40,000 to Dh55,000 
  • Senior drilling engineer: Dh38,000 to Dh46,000 
  • Senior process engineer: Dh28,000 to Dh38,000 
  • Senior maintenance engineer: Dh22,000 to Dh34,000 
  • Field engineer: Dh6,500 to Dh7,500
  • Field supervisor: Dh9,000 to Dh12,000
  • Field operator: Dh5,000 to Dh7,000

Warlight,
Michael Ondaatje, Knopf 

RIVER%20SPIRIT
%3Cp%3E%3Cstrong%3EAuthor%3A%20%3C%2Fstrong%3ELeila%20Aboulela%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPublisher%3A%3C%2Fstrong%3E%20Saqi%20Books%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPages%3A%3C%2Fstrong%3E%20320%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EAvailable%3A%3C%2Fstrong%3E%20Now%3C%2Fp%3E%0A
UAE currency: the story behind the money in your pockets
The biog

Name: Abeer Al Bah

Born: 1972

Husband: Emirati lawyer Salem Bin Sahoo, since 1992

Children: Soud, born 1993, lawyer; Obaid, born 1994, deceased; four other boys and one girl, three months old

Education: BA in Elementary Education, worked for five years in a Dubai school