Irrfan Khan at the Italian premiere of Inferno. Maurizio Degl’ Innocenti / EPA
Irrfan Khan at the Italian premiere of Inferno. Maurizio Degl’ Innocenti / EPA

Irrfan Khan on working with Tom Hanks on Inferno, and the evolution of Bollywood



Irrfan Khan is back in Hollywood action this weekend in Inferno, the third film based on Dan Brown's Robert Langdon series of novels.

The actor is, of course, best known for his work in Bollywood, and following a year in which Indian movie industry has seen a number of high-profile flops and some surprise indie hits, he admits it seems to be going through a period of change.

“It’s evolving – not just cinema, but storytelling is evolving, too,” he says. “They’re dealing with contemporary problems and telling original stories, not just formula films.

“Just 10 years ago, Bollywood was only producing formula films. Now things are changing because of the new generation that’s come in – not just directors but also the audiences, which are wanting to see their own stories. That’s why those films are working.

“I’ve done a few films that were not formula films and they’ve become huge because they were dealing with real Indian problems and there’s a kind of resonance for the audience. They could see themselves in the film

“India produces more than 1,000 films a year, it’s the main source of entertainment – and because of this new generation of audience and filmmakers, the industry is changing.”

Khan says his own perception of the industry has changed too – and even admits that his initial hopes for his movie career were not entirely artistically motivated.

“I came into this business looking for fame and money,” he says. “But then I discovered storytelling. Fame and money just isn’t enough – but telling a story, sharing that with the audience and becoming part of their hearts and minds, that’s really something special.”

Khan is now one of the select few Indian actors who have earned the chance to tell their stories to a truly global audience, thanks to his crossover success in Hollywood. He has been seen in several big western films, including Life of Pi, Jurassic World, The Darjeeling Limited, Slumdog Millionaire and The Amazing Spider-Man.

Even by his own global standards, however, his latest co-star seems to have left a lasting impression.

“Tom Hanks is a special man, a very warm man,” he says. “I’ve never seen that much warmth in an actor.

“Actors are basically a very insecure breed, always worried about their next job, but he’s very generous, interactive and engaging. I was working with everybody on this film for the first time, and we honestly had a great time.”

cnewbould@thenational.ae

COMPANY PROFILE

Company name: Klipit

Started: 2022

Founders: Venkat Reddy, Mohammed Al Bulooki, Bilal Merchant, Asif Ahmed, Ovais Merchant

Based: Dubai, UAE

Industry: Digital receipts, finance, blockchain

Funding: $4 million

Investors: Privately/self-funded

Ain Dubai in numbers

126: The length in metres of the legs supporting the structure

1 football pitch: The length of each permanent spoke is longer than a professional soccer pitch

16 A380 Airbuses: The equivalent weight of the wheel rim.

9,000 tonnes: The amount of steel used to construct the project.

5 tonnes: The weight of each permanent spoke that is holding the wheel rim in place

192: The amount of cable wires used to create the wheel. They measure a distance of 2,4000km in total, the equivalent of the distance between Dubai and Cairo.

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.”

PSA DUBAI WORLD SERIES FINALS LINE-UP

Men’s: 
Mohamed El Shorbagy (EGY)
Ali Farag (EGY)
Simon Rosner (GER)
Tarek Momen (EGY)
Miguel Angel Rodriguez (COL)
Gregory Gaultier (FRA)
Karim Abdel Gawad (EGY)
Nick Matthew (ENG)

Women's: 
Nour El Sherbini (EGY)
Raneem El Welily (EGY)
Nour El Tayeb (EGY)
Laura Massaro (ENG)
Joelle King (NZE)
Camille Serme (FRA)
Nouran Gohar (EGY)
Sarah-Jane Perry (ENG)