Rolling Stones singer Mick Jagger (R) and director Martin Scorsese. Sean Gallup / Getty Images
Rolling Stones singer Mick Jagger (R) and director Martin Scorsese. Sean Gallup / Getty Images
Rolling Stones singer Mick Jagger (R) and director Martin Scorsese. Sean Gallup / Getty Images
Rolling Stones singer Mick Jagger (R) and director Martin Scorsese. Sean Gallup / Getty Images

Jagger and Scorsese to work on new HBO drama


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Rock star Mick Jagger and film director Martin Scorsese have teamed up for a new music-based drama series. Debuting on HBO in 2016, Vinyl is set in 1970s New York and follows the rise of the fictional record label American Century Roads in the vibrant disco and punk era. Bobby Cannavale of Boardwalk Empire fame, House star Olivia Wilde and Jagger's son James will also be a part of the project. The Sopranos and The Wolf of Wall Street writer ­Terence Winter has been hired to work on the script. The project marks Jagger's and Scorsese's second collaboration after the 2008 Rolling Stones music ­documentary Shine a Light. – The National Staff

New animation festival coming to Dubai in December

The dates for the first edition of Animate Dubai, the GCC's first international festival of animation, have been announced, following a postponement earlier in the year. The festival will now take place from December 3 to 5 in Dubai's new Design District and promises a weekend packed with animated films, talks, fun activities for all ages and a chance to meet animation pioneers from around the world. The festival is the brainchild of Lina Younes, founder and director of Dubai's Animation Chamber. "In the past three years, we have grown and looked after a dormant sector here in the UAE, cropping up considerable talent and stimulating creative potential across a range of animation practices and techniques," she said. "The time has come to bring a punctual, tangible showcase of quality animation to UAE-based makers and fans alike." Animate Dubai is supported by Dubai Culture and Arts Authority and has partnered with d3, Dubai Studio City and Dubai Film and TV Commission, and some of the world's greatest animation festivals, such as Annecy (France), Ta7rik (Tunisia), and Cyber Sousa (China). Animate Dubai will also work with UAE universities to encourage the participation of emerging local talent. Submissions are open until August 20. Visit www.animatedubai.com. – The National staff

Mission: Impossible 6 in the works

With the fifth instalment of the Mission: Impossible franchise due to release in the UAE on Thursday, Tom Cruise has already confirmed that a sixth instalment is on the way. Speaking on The Daily Show with Jon ­Stewart, Cruise said: "We're ­starting to work on it now. We'll probably start shooting it next summer." There is no word yet on who will take the director's chair for the new film. The Mission: Impossible movies boasted a new director for each part with Brian De Palma, John Woo, J J Abrams, Brad Bird and, most recently, Christopher McQuarrie at the helm for each version, respectively. Check out Arts & Life on ­Thursday for our review and an interview with the cast of Mission: ImpossibleRogue Nation and director McQuarrie. – The National Staff

Paul McCartney praises the late Cilla Black

Tributes have poured in honour of British singer and television personality Cilla Black who passed away on Sunday. Paul McCartney, who first met Black following a Beatles performance at Liverpool's famed Cavern described her as possessing "a fun-loving dignity that made her a great pleasure to be around". Sir Cliff Richard said: "I will always think of her as outrageous, funny, incredibly gifted but above all full of heart." After establishing herself as a music star during the 1960s, Black went on to host popular and long running entertainment programs in the United Kingdom such as Blind Date and Surprise Surprise. She passed away at the age of 72 in her home in Spain. – The National Staff.

Aishwarya Rai Bachchan to make screen comeback

Aishwarya Rai Bachchan is returning to the big screen after a five year break with Sanjay Gupta's Jazbaa. The actress praised the cast for making her feel at home after her long absence. "You will see me more often now," she said when asked about her reason of not doing films for so long. Bachchan was in Mumbai to walk the ramp for designer Manish Malhotra at the grand-finale of Amazon India Couture Week. "It's lovely working with everyone in Jazbaa as the cast is so wonderful. From Irrfan Khan to Shabanaji (Shabana Azmi), everyone was lovely. I never felt the gap," added Aishwarya, who took a four year- break from the big screen to raise her daughter Aaradhya. The actress was last seen in Sanjay Leela Bhansali's Guzaarish in 2010. — IANS

Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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.”

RESULTS

6.30pm: Maiden (TB) Dh 82,500 (Dirt) 1.600m
Winner: Miller’s House, Richard Mullen (jockey), Satish Seemar (trainer).

7.05pm: Maiden (TB) Dh 82,500 (D) 2,000m
Winner: Kanood, Adrie de Vries, Fawzi Nass.

7.50pm: Handicap (TB) Dh 82,500 (D) 1,600m
Winner: Gervais, Sandro Paiva, Ali Rashid Al Raihe.

8.15pm: The Garhoud Sprint Listed (TB) Dh 132,500 (D) 1,200m
Winner: Important Mission, Royston Ffrench, Salem bin Ghadayer.

8.50pm: The Entisar Listed (TB) Dh 132,500 (D) 2,000m
Winner: Firnas, Xavier Ziani, Salem bin Ghadayer.

9.25pm: Conditions (TB) Dh 120,000 (D) 1,400m
Winner: Zhou Storm, Connor Beasley, Ali Rashid Al Raihe.

BABYLON
%3Cp%3EDirector%3A%20Damien%20Chazelle%3C%2Fp%3E%0A%3Cp%3EStars%3A%20Brad%20Pitt%2C%20Margot%20Robbie%2C%20Jean%20Smart%3C%2Fp%3E%0A%3Cp%3ERating%3A%204%2F5%3C%2Fp%3E%0A
Education reform in Abu Dhabi

 

The emirate’s public education system has been in a constant state of change since the New School Model was launched in 2010 by the Abu Dhabi Education Council. The NSM, which is also known as the Abu Dhabi School Model, transformed the public school curriculum by introducing bilingual education starting with students from grades one to five. Under this new curriculum, the children spend half the day learning in Arabic and half in English – being taught maths, science and English language by mostly Western educated, native English speakers. The NSM curriculum also moved away from rote learning and required teachers to develop a “child-centered learning environment” that promoted critical thinking and independent learning. The NSM expanded by one grade each year and by the 2017-2018 academic year, it will have reached the high school level. Major reforms to the high school curriculum were announced in 2015. The two-stream curriculum, which allowed pupils to elect to follow a science or humanities course of study, was eliminated. In its place was a singular curriculum in which stem -- science, technology, engineering and maths – accounted for at least 50 per cent of all subjects. In 2016, Adec announced additional changes, including the introduction of two levels of maths and physics – advanced or general – to pupils in Grade 10, and a new core subject, career guidance, for grades 10 to 12; and a digital technology and innovation course for Grade 9. Next year, the focus will be on launching a new moral education subject to teach pupils from grades 1 to 9 character and morality, civic studies, cultural studies and the individual and the community.

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates

Take Me Apart

Kelela

(Warp)

UAE WARRIORS RESULTS

Featherweight

Azouz Anwar (EGY) beat Marcelo Pontes (BRA)

TKO round 2

Catchweight 90kg

Moustafa Rashid Nada (KSA) beat Imad Al Howayeck (LEB)

Split points decision

Welterweight

Gimbat Ismailov (RUS) beat Mohammed Al Khatib (JOR)

TKO round 1

Flyweight (women)

Lucie Bertaud (FRA) beat Kelig Pinson (BEL)

Unanimous points decision

Lightweight

Alexandru Chitoran (ROU) beat Regelo Enumerables Jr (PHI)

TKO round 1

Catchweight 100kg

Marc Vleiger (NED) beat Mohamed Ali (EGY)

Rear neck choke round 1

Featherweight

James Bishop (NZ) beat Mark Valerio (PHI)

TKO round 2

Welterweight

Abdelghani Saber (EGY) beat Gerson Carvalho (BRA)

TKO round 1

Middleweight

Bakhtiyar Abbasov (AZE) beat Igor Litoshik (BLR)

Unanimous points decision

Bantamweight

Fabio Mello (BRA) beat Mark Alcoba (PHI)

Unanimous points decision

Welterweight

Ahmed Labban (LEB) v Magomedsultan Magomedsultanov (RUS)

TKO round 1

Bantamweight

Trent Girdham (AUS) beat Jayson Margallo (PHI)

TKO round 3

Lightweight

Usman Nurmagomedov (RUS) beat Roman Golovinov (UKR)

TKO round 1

Middleweight

Tarek Suleiman (SYR) beat Steve Kennedy (AUS)

Submission round 2

Lightweight

Dan Moret (USA) v Anton Kuivanen (FIN)

TKO round 2

Our legal consultants

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.