Justin Timberlake made a guest appearance at the Eurovision Song Contest on Saturday night, performing his latest hit Can't Stop the Feeling during the interval before the voting results were announced. Before his performance, at Stockholm's Globe Arena in Sweden, the American singer and songwriter said he had watched the previous two editions of the annual competition. "I know you must have been nervous, but you all represented your countries so very well," Timberlake told the 26 acts, as the voting by professional judges and TV viewers got under way. Ukraine's Jamala won the contest scoring 534 points with the song 1944. – AP
Salman Khan impresses at Mumbai stunt-bike day
Bollywood actor Salman Khan showed off his talent for performing stunts at a motorbike event in Mumbai at the weekend. The actor, who performed several daredevil stunts on a bicycle in the 2014 movie Kick, was at the Suzuki Gixxer Day in the Indian city, at which professional stunt artist Aras Gibieza performed. Khan rode a bicycle at the event and then took a front-row seat to watch Gibieza, a two-time European stunt-biking champion, perform tricks. "It's just awesome when you do stunts in front of this kind of person," said Gibieza. "It was so hot, so humid for me but I pushed myself as much as possible and I'm very happy to meet [Khan] and show my skills to him." – IANS
Prince’s Yellow Cloud guitar to be auctioned
Prince's Yellow Cloud electric guitar is to go up for sale next month at a Beverly Hills auction. The guitar – which has an opening-bid price of US$30,000 (Dh110,188) – was one of several custom guitars Prince used in the 1980s and 1990s, on songs including Cream and Gett Off. "I've been a Prince fan since I was a little kid, and that guitar always stuck out to me because it was super cool and stylish," says current owner Richard Lecce, who bought it for about $30,000 more than a year ago from Heritage Auctions. The instrument features a serial number and comes with a letter of authenticity from Prince guitar technician Zeke Clark, who noted that the guitar's neck was broken in France in 1994 and repaired. "Unfortunately, as morbid as it is, when people pass, their items become more valuable," said Lecce. "I think something as valuable as this could be too risky to continue to have in my possession." – AP
Depp live at disneyland as Mad Hatter
Johnny Depp surprised young fans at the Disneyland resort in Los Angeles by streaming a live video of himself inside a billboard advert for his newest film. Depp – who plays the Mad Hatter in Alice Through the Looking Glass, Disney's sequel to the 2010 Tim Burton movie Alice in Wonderland – wore his full costume from the film and talked to Disneyland visitors via an interactive billboard fitted with a hidden camera. Fans were shocked to see the actor responding to their questions and addressing them directly as children looked on in wonder. A video of the surprise appearance was uploaded on YouTube. The film, inspired by Lewis Carroll's classic stories, also stars Anne Hathaway, Matt Lucas, Helena Bonham Carter, Rhys Ifans and Sacha Baron Cohen, as well as the voices of Alan Rickman (in his final performance before his death in January), Stephen Fry, Michael Sheen, and Timothy Spall. – The National
Big B wants fans to help promote new film Te3n
Amitabh Bachchan has asked fans to help him promote his new film on social media. In an online video in which he talks about Te3n, his new thriller due for release in India on June 10, the 73-year-old actor says: "This time we want to know how you want to promote the film and market it." The campaign is called Te3n It Around and the actor and his colleagues want the audience to help to drive the film's promotional campaign, by suggesting ideas for posters, music, information and interactive games about it. In the video, the actor – fondly known as Big B – says: "We want you to take 'TE3N' forward... how do you see it? What do you want to see next in a poster, song or a game? You can connect with us now." Set in Kolkata, Te3n follows Bachchan's character John Biswas, who is in pursuit of justice for a crime that claimed the life of his granddaughter. – IANS
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
Major honours
ARSENAL
BARCELONA
- La Liga - 2013
- Copa del Rey - 2012
- Fifa Club World Cup - 2011
CHELSEA
- Premier League - 2015, 2017
- FA Cup - 2018
- League Cup - 2015
SPAIN
- World Cup - 2010
- European Championship - 2008, 2012
The%20specs
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UFC Fight Night 2
1am – Early prelims
2am – Prelims
4am-7am – Main card
7:30am-9am – press cons
UAE currency: the story behind the money in your pockets
Racecard
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The%20specs
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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.”
In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
NO OTHER LAND
Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
Stars: Basel Adra, Yuval Abraham
Rating: 3.5/5
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia