Guitarist Lenny Kravitz will join Katy Perry on stage at the Super Bowl next month. The pair will perform together at the halftime show during the finale of the American football season on Sunday, February 1, in Glendale, Arizona. Perry is currently on her Prismatic World Tour. Kravitz has sold more than 38 million albums, including last year’s Strut and has several Grammys to his credit. – AP
Sheikh Zayed Book Award nominees announced
Sheikh Zayed Book Award's longlist of nominees for the Arabic culture in other languages category has been unveiled and features six works published in English, three in Spanish and one in Japanese. They are: Arabian-naito to Nihonjin (The Arabian Night and Japanese) by Sugita Hideaki; Leer La Alhambra (Reading Al Hambra) by Jose Miguel and Puerta Vilchez; Los Traductores de árabe del Estado español (Arabic Translators in Spain) by Arias Torres and Feria-García; Teorías sore el amor en la cultura árabe medieval (Theories of love in Arabic Culture in the Middle Ages) by Emilio Tornero; The [European] Other in Medieval Arabic Literature and Culture, Ninth-Twelfth Century AD by Nizar F Hermes; Reading Darwin in Arabic, 1860-1950 by Marwa Elshakry; The Arab Nahda: The Making of the Intellectual and Humanist Movement by Abdulrazzak Patel; Ancient Religions, Modern Politics: The Islamic Case in Comparative Perspective by Michael Cook; The Cosmic Script: Sacred Geometry and the Science of Arabic Penmanship by Ahmed Moustafa and Stefan Sperl; and Al Jahiz: In Praise of Books by James Montgomery.
Only Jon Hamm was told how Mad Men ends
The notoriously secretive creator of Mad Men, Matthew Weiner, has only told Jon Hamm, who stars as main character Don Draper, how the show would end. The 1960s New York-set advertising-industry drama begins broadcasting its final batch of seven episodes on April 5 in the United States. "I feel very satisfied with a lot of what we did, and I am super proud of the fact that we did not repeat ourselves, which is the tallest order of all of them," Weiner said. He said he was struck by how many Americans turned inward after the tumultuous events of 1968, including the assassinations of Martin Luther King, Jr and Robert F Kennedy, and said that is reflected in the ending of his series. Each of the last seven episodes feels like a finale, he added. Weiner also said he wanted the ending to leave fans satisfied but cautioned that you can't please everyone, and it wouldn't be smart to try. Hamm says the experience of making Mad Men had been "unequivocally wonderful and I'll miss it". – AP
Timing of satire show ‘scary’ says larry Wilmore
Asked how he might find comedy in the weeks after attacks on a satirical magazine in France, Larry Wilmore, host of new US TV satire The Nightly Show, said: "They're starting to kill satirists just as a brother is launching his show. The timing of that is a little bit scary." Wilmore says his show, which begins next Monday, would combine comic observations with a topical panel discussion. The half-hour show, which will air in the US on Comedy Central after The Daily Show with Jon Stewart, is replacing The Colbert Report after Stephen Colbert headed to CBS to replace David Letterman. "It may be comic, it may be provocative," said Wilmore, 53. "Who knows? It will go where it goes." Celebrities will be part of the mix, "but they won't be hawking books and movies," he added. Wilmore was the "senior black correspondent" on The Daily Show, and jumped at the chance to host the new show when Stewart suggested it, surprised at his age to be getting the chance. When it was pointed out that his show will be broadcast for the first time on Martin Luther King Day, Wilmore joked: "I had a dream that a brother needed to work on that day." – AP
Paddington director’s debt to Satyajit Ray
Paddington director Paul King says that he was hugely inspired by legendary Indian filmmaker Satyajit Ray's The Apu Trilogy when making the film, and tried to capture Apu's emotions in the animated bear. Based on author Michael Bond's best-selling series of children's stories, Paddington follows the comic misadventures of a young bear with a passion for all things British. "My favourite Indian movies are those of Satyajit Ray," says King. "The Apu Trilogy are some of the greatest films ever made in any language and the journey of Apu was something that [producer] David [Heyman] and I thought about a great deal when we were making our film. I had a big picture of Apu over my desk and looked at it every day. I loved his scruffiness, the glint in his eye, and I tried to capture that in our bear." – IANS
Indie-filmmaker samuel Goldwyn dies at 88
Samuel Goldwyn, Jr, a champion of the independent film movement and son of one of the founding fathers of Hollywood cinema, has died. He was 88. Goldwyn's son, Peter, told the Los Angeles Times his father died on Friday. Goldwyn produced low-budget hits including Mystic Pizza starring Julia Roberts and Cotton Comes to Harlem in the 1970s and 1980s. His company was one of the largest indie-film makers, and in 1986, he said his goal was to appeal to sophisticated movie lovers. As a producer, he was nominated for a Best Picture Academy Award in 2004 for Master and Commander: The Far Side of the World. His final credit was for The Secret Life of Walter Mitty in 2013. Goldwyn's father was one of the founders of Paramount Studios and his production company became part of one Hollywood's largest studios, Metro-Goldwyn-Mayer. – AP
No place for Breaking Bad stars in prequel... yet
Walter White and Jesse Pinkman definitely won't be making any cameo appearances on the first season of the Breaking Bad prequel Better Call Saul. But that doesn't mean the characters, played by Bryan Cranston and Aaron Paul, won't pop up in the future, the show's co-creator Peter Gould said on Saturday. Better Call Saul is set six years before the events of the award-winning Breaking Bad and is based around small-time lawyer Saul Goodman, played by Bob Odenkirk, who will one day represent teacher-turned-drug dealer Walter White. Gould said he and Breaking Bad creator Vince Gilligan wanted to let Better Call Saul stand on its own. So, said Gilligan, if any of the big characters from the original show appear, it would have to feel natural to the story. "If it feels like a stunt, then those of us in the writer's room will have done something wrong," Gilligan said. "Every time I come into the office in this show, [I ask] has Walter White called yet?" Odenkirk joked. "Jesse would be in middle school." The show debuts on February 8 in the US, with the second episode airing the following day. – AP
Hollywood stars gather for tea party
A host of actors, including Keira Knightley, Eddie Redmayne, Ethan Hawke, Felicity Jones and Patricia Arquette, sipped tea together on Saturday as awards season began with a cup of tea before last night's Golden Globe awards. They were at the British Academy of Film and Television Arts' annual pre-Globes tea party at the Four Seasons Hotel, along with Marion Cotillard, Dominic West, Anna Kendrick, Steve Carell, Game of Thrones star Kit Harrington and Into the Woods star James Corden. "I love this event," said Gerald McRaney, a star of House of Cards, a contender for best TV drama series. "It's casual. It's not the big, pressurised thing. You sit, you have a cuppa, and that's it." The stars also had a chance to try leatherworking thanks to British fashion brand Mulberry and Boyhood star Hawke made a pair of personalised bracelets. His co-star, Arquette, meanwhile, said she wishes she was still working on the film, which was filmed over the course of 12 years. "I missed the process before we stopped," she said. "I told [best director nominee] Richard [Linklater], 'This isn't a 12-year movie. This is a movie that wraps when I die'." – AP
Triumph the Insult Comic Dog is getting his own sitcom
Triumph the Insult Comic Dog is getting his own sitcom, alongside former "30 Rock" actor Jack McBrayer.
Adult Swim, the late-night, adult-orientated arm of the Cartoon Network, said Saturday it will broadcast The Jack and Triumph Show starting February 20. McBrayer plays a grown-up child star of a Lassie type show with Triumph, the puppet created by former Conan O'Brien writer Robert Smigel, as his washed-up canine companion.
Smigel hides behind chairs and other furniture on the sitcom set to “play” Triumph, the Don Rickles-type puppet that first emerged on O’Brien’s late-night NBC show in 1997.
McBrayer, who played the cheerful, innocent intern on 30 Rock, once appeared on an O'Brien segment being insulted by Triumph and it turned out to be one of the puppet's most successful segments, Smigel said.
The idea of a sitcom “seemed insane, but somehow with Jack it turned out to be attractive,” Smigel said at a television meeting on Saturday.
McBrayer wryly noted that his acting range lent itself well “to smile real big and be terrified by Triumph’s antics.”
Smigel said he's tried to keep Triumph fresh as a character by not overusing him through the years, making the sitcom possible. He said several networks expressed interest in the idea, but the Turner-owned Adult Swim committed to 20 episodes without a pilot.
Following a round of insults lobbed at an audience of TV critics, Smigel retired Triumph to a plastic Old Navy bag.
“I usually alternate between Old Navy and Duane Reade,” Smigel said. “It’s really all he deserves.” – AP
Killing of Qassem Suleimani
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BULKWHIZ PROFILE
Date started: February 2017
Founders: Amira Rashad (CEO), Yusuf Saber (CTO), Mahmoud Sayedahmed (adviser), Reda Bouraoui (adviser)
Based: Dubai, UAE
Sector: E-commerce
Size: 50 employees
Funding: approximately $6m
Investors: Beco Capital, Enabling Future and Wain in the UAE; China's MSA Capital; 500 Startups; Faith Capital and Savour Ventures in Kuwait
How to come clean about financial infidelity
- Be honest and transparent: It is always better to own up than be found out. Tell your partner everything they want to know. Show remorse. Inform them of the extent of the situation so they know what they are dealing with.
- Work on yourself: Be honest with yourself and your partner and figure out why you did it. Don’t be ashamed to ask for professional help.
- Give it time: Like any breach of trust, it requires time to rebuild. So be consistent, communicate often and be patient with your partner and yourself.
- Discuss your financial situation regularly: Ensure your spouse is involved in financial matters and decisions. Your ability to consistently follow through with what you say you are going to do when it comes to money can make all the difference in your partner’s willingness to trust you again.
- Work on a plan to resolve the problem together: If there is a lot of debt, for example, create a budget and financial plan together and ensure your partner is fully informed, involved and supported.
Carol Glynn, founder of Conscious Finance Coaching
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
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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
COMPANY%20PROFILE
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Meatless Days
Sara Suleri, with an introduction by Kamila Shamsie
Penguin
COMPANY%20PROFILE%20
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The specs: 2018 Peugeot 5008
Price, base / as tested: Dh99,900 / Dh134,900
Engine: 1.6-litre turbocharged four-cylinder
Transmission: Six-speed automatic
Power: 165hp @ 6,000rpm
Torque: 240Nm @ 1,400rpm
Fuel economy, combined: 5.8L / 100km
Tentative schedule of 2017/18 Ashes series
1st Test November 23-27, The Gabba, Brisbane
2nd Test December 2-6, Adelaide Oval, Adelaide
3rd Test Dcember 14-18, Waca, Perth
4th Test December 26-30, Melbourne Cricket Ground, Melbourne
5th Test January 4-8, Sydney Cricket Ground, Sydney
Last-16
France 4
Griezmann (13' pen), Pavard (57'), Mbappe (64', 68')
Argentina 3
Di Maria (41'), Mercado (48'), Aguero (90 3')
PFA Team of the Year: David de Gea, Kyle Walker, Jan Vertonghen, Nicolas Otamendi, Marcos Alonso, David Silva, Kevin De Bruyne, Christian Eriksen, Harry Kane, Mohamed Salah, Sergio Aguero
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
Company profile
Company name: Suraasa
Started: 2018
Founders: Rishabh Khanna, Ankit Khanna and Sahil Makker
Based: India, UAE and the UK
Industry: EdTech
Initial investment: More than $200,000 in seed funding
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.”
Past winners of the Abu Dhabi Grand Prix
2016 Lewis Hamilton (Mercedes-GP)
2015 Nico Rosberg (Mercedes-GP)
2014 Lewis Hamilton (Mercedes-GP)
2013 Sebastian Vettel (Red Bull Racing)
2012 Kimi Raikkonen (Lotus)
2011 Lewis Hamilton (McLaren)
2010 Sebastian Vettel (Red Bull Racing)
2009 Sebastian Vettel (Red Bull Racing)
Countries recognising Palestine
France, UK, Canada, Australia, Portugal, Belgium, Malta, Luxembourg, San Marino and Andorra