Never has a film title been more apt. Peter Jackson's hugely anticipated The Hobbit: An Unexpected Journey has been just that. A return to Middle Earth, the fantasy land created by the author JRR Tolkien that Jackson so wonderfully realised on screen in his Oscar-winning, US$3 billion (Dh11bn)-grossing The Lord of the Rings trilogy, it should have been what Hollywood folk like to call a "no brainer". But, like the fear-inducing trek taken by Bilbo Baggins at the heart of The Hobbit, it was a path strewn with, well, the unexpected.
"I knew it was going to happen at some point," says Andy Serkis, the actor behind LOTR's wizened goblin-like creature Gollum, who returns for The Hobbit. "It was never not going to happen. But obviously it's had a very tricky entry. There just seemed to be one thing after another that was presenting itself as an obstacle." That's putting it mildly: the studio MGM's financial woes meant the project was put on hold for a year, meaning Jackson's then-chosen director, Guillermo Del Toro, left the project.
To the fans' delight, Jackson took over – with the plan of shooting in 3D at 48 frames-per-second, a huge technical innovation that he claims will look "much more lifelike" than the traditional 24fps. His reason was simple. "I want to get people back into the cinema," he told The Associated Press. "We've seen the arrival of iPhones and iPads and now there's a generation of kids – the worry that I have is that they seem to think it's OK to wait for the film to come out on DVD or be available for download. And I don't want kids to see The Hobbit on their iPads, really. Not for the first time."
As glorious and immersive as the film is, it almost never made it to the screen. Jackson faced everything from a fire destroying miniature sets to dealing with a threatened strike by the New Zealand Actors Equity in an effort to protect the film's bit-part performers. So serious was this, the director considered shipping the whole project – which will be released as three films, like LOTR – to Eastern Europe. In the end, it took the intervention of the New Zealand prime minister John Keyes and changes to the labour laws to go ahead. No wonder Jackson then suffered from a perforated ulcer, one month before the shoot was due to start.
With the Christchurch earthquake also occurring, it’s not hard to see why the 48-year-old Serkis calls it “a very strange time” in the run-up to production. “Having said that, when Peter actually came to the first day of principal photography he was remarkably calm,” he says. On the first day of shooting, Jackson staged a powhiri – the traditional Maori welcoming ceremony. “Once we’d got to that point,” says Serkis, “it was a real sense of: ‘We’re actually doing it, it’s a real relief.’ It was really quite an emotional, beautiful start.”
One person that was glad of all the delays was Martin Freeman. The British star of the TV show The Office was Jackson's only choice to play Bilbo, the reluctant hero recruited to reclaim The Lonely Mountain and its treasure from a fearsome dragon. But an initial schedule clash with his BBC show Sherlock meant he had to pass on the offer. "I was very disappointed," he notes. "It was hard, very hard." But Jackson so wanted his man, he rearranged his shoot to accommodate Freeman. "I couldn't believe it," adds the 41-year-old.
Joined by a troupe of Kiwi, British and Irish actors – James Nesbitt and Ken Stott included – all cast as the 13 raucous dwarfs that accompany Bilbo, Freeman sees their time together as something unique and different to the work done on LOTR. "It was definitely our own new beginning. We were starting something fresh," he says. Still, with the return of such Middle Earth veterans as Cate Blanchett, Elijah Wood and Orlando Bloom, the continuity between The Hobbit – set 60 years earlier – and LOTR is assured.
The most prominent returnee is Sir Ian McKellen, the 73-year-old is reprising his Oscar-nominated role as the wizard Gandalf. Yet even he had brief doubts, not least because uprooting his London life for a 270-day shoot in New Zealand was no picnic. “The clincher for me eventually was: ‘Would I mind if somebody else played Gandalf?’” he says. “It was made clear to me that whatever I said, the film was going ahead. I wasn’t a film-breaker. There are other people who can play Gandalf and knowing that, I thought: ‘They’re not going to get a chance.’”
With the film 169 minutes – and concluding just at the end of chapter six of Tolkien’s book – some critics have said Jackson has been unnecessarily ponderous in his storytelling. “People think they’re stringing out the story and stretching it into three films and it’s not that at all,” argues Richard Armitage, who plays the dwarfs’ leader, Thorin. “When Pete finished filming, he realised he just had too much. He couldn’t get it into two films because he’s investing in every single moment.” It’s hard not to agree. After all, it’s taken Jackson so long to return to Middle Earth, why shouldn’t we spend some quality time there?
The Hobbit: An Unexpected Journey is out now in UAE cinemas
The biog
First Job: Abu Dhabi Department of Petroleum in 1974
Current role: Chairperson of Al Maskari Holding since 2008
Career high: Regularly cited on Forbes list of 100 most powerful Arab Businesswomen
Achievement: Helped establish Al Maskari Medical Centre in 1969 in Abu Dhabi’s Western Region
Future plan: Will now concentrate on her charitable work
Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
Types of fraud
Phishing: Fraudsters send an unsolicited email that appears to be from a financial institution or online retailer. The hoax email requests that you provide sensitive information, often by clicking on to a link leading to a fake website.
Smishing: The SMS equivalent of phishing. Fraudsters falsify the telephone number through “text spoofing,” so that it appears to be a genuine text from the bank.
Vishing: The telephone equivalent of phishing and smishing. Fraudsters may pose as bank staff, police or government officials. They may persuade the consumer to transfer money or divulge personal information.
SIM swap: Fraudsters duplicate the SIM of your mobile number without your knowledge or authorisation, allowing them to conduct financial transactions with your bank.
Identity theft: Someone illegally obtains your confidential information, through various ways, such as theft of your wallet, bank and utility bill statements, computer intrusion and social networks.
Prize scams: Fraudsters claiming to be authorised representatives from well-known organisations (such as Etisalat, du, Dubai Shopping Festival, Expo2020, Lulu Hypermarket etc) contact victims to tell them they have won a cash prize and request them to share confidential banking details to transfer the prize money.
* Nada El Sawy
The Melbourne Mercer Global Pension Index
The Melbourne Mercer Global Pension Index
Mazen Abukhater, principal and actuary at global consultancy Mercer, Middle East, says the company’s Melbourne Mercer Global Pension Index - which benchmarks 34 pension schemes across the globe to assess their adequacy, sustainability and integrity - included Saudi Arabia for the first time this year to offer a glimpse into the region.
The index highlighted fundamental issues for all 34 countries, such as a rapid ageing population and a low growth / low interest environment putting pressure on expected returns. It also highlighted the increasing popularity around the world of defined contribution schemes.
“Average life expectancy has been increasing by about three years every 10 years. Someone born in 1947 is expected to live until 85 whereas someone born in 2007 is expected to live to 103,” Mr Abukhater told the Mena Pensions Conference.
“Are our systems equipped to handle these kind of life expectancies in the future? If so many people retire at 60, they are going to be in retirement for 43 years – so we need to adapt our retirement age to our changing life expectancy.”
Saudi Arabia came in the middle of Mercer’s ranking with a score of 58.9. The report said the country's index could be raised by improving the minimum level of support for the poorest aged individuals and increasing the labour force participation rate at older ages as life expectancies rise.
Mr Abukhater said the challenges of an ageing population, increased life expectancy and some individuals relying solely on their government for financial support in their retirement years will put the system under strain.
“To relieve that pressure, governments need to consider whether it is time to switch to a defined contribution scheme so that individuals can supplement their own future with the help of government support,” he said.
Bert van Marwijk factfile
Born: May 19 1952
Place of birth: Deventer, Netherlands
Playing position: Midfielder
Teams managed:
1998-2000 Fortuna Sittard
2000-2004 Feyenoord
2004-2006 Borussia Dortmund
2007-2008 Feyenoord
2008-2012 Netherlands
2013-2014 Hamburg
2015-2017 Saudi Arabia
2018 Australia
Major honours (manager):
2001/02 Uefa Cup, Feyenoord
2007/08 KNVB Cup, Feyenoord
World Cup runner-up, Netherlands
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About RuPay
A homegrown card payment scheme launched by the National Payments Corporation of India and backed by the Reserve Bank of India, the country’s central bank
RuPay process payments between banks and merchants for purchases made with credit or debit cards
It has grown rapidly in India and competes with global payment network firms like MasterCard and Visa.
In India, it can be used at ATMs, for online payments and variations of the card can be used to pay for bus, metro charges, road toll payments
The name blends two words rupee and payment
Some advantages of the network include lower processing fees and transaction costs
UAE currency: the story behind the money in your pockets
Super Bowl LIII schedule
What Super Bowl LIII
Who is playing New England Patriots v Los Angeles Rams
Where Mercedes-Benz Stadium in Atlanta, United States
When Sunday (start time is 3.30am on Monday UAE time)
The specs
Engine: 5.2-litre V10
Power: 640hp at 8,000rpm
Torque: 565Nm at 6,500rpm
Transmission: 7-speed dual-clutch auto
Price: From Dh1 million
On sale: Q3 or Q4 2022
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.”
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
FROM%20THE%20ASHES
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THE SPECS
Engine: Four-cylinder 2.5-litre
Transmission: Seven-speed auto
Power: 165hp
Torque: 241Nm
Price: Dh99,900 to Dh134,000
On sale: now
Ms Yang's top tips for parents new to the UAE
- Join parent networks
- Look beyond school fees
- Keep an open mind
The specs: 2018 Nissan Patrol Nismo
Price: base / as tested: Dh382,000
Engine: 5.6-litre V8
Gearbox: Seven-speed automatic
Power: 428hp @ 5,800rpm
Torque: 560Nm @ 3,600rpm
Fuel economy, combined: 12.7L / 100km
MATCH INFO
Serie A
Juventus v Fiorentina, Saturday, 8pm (UAE)
Match is on BeIN Sports
Ferrari
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Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
Visit Abu Dhabi culinary team's top Emirati restaurants in Abu Dhabi
Yadoo’s House Restaurant & Cafe
For the karak and Yoodo's house platter with includes eggs, balaleet, khamir and chebab bread.
Golden Dallah
For the cappuccino, luqaimat and aseeda.
Al Mrzab Restaurant
For the shrimp murabian and Kuwaiti options including Kuwaiti machboos with kebab and spicy sauce.
Al Derwaza
For the fish hubul, regag bread, biryani and special seafood soup.
Sly%20Cooper%20and%20the%20Thievius%20Raccoonus
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