Great news, cinephiles – Cinema Akil is back with another round of screenings showcasing artistically significant, emotionally engaging and hard-to-find cinematic treasures. There’s 20 weeks of film fun ahead – and it’s all for free.
One of the summer lull's artistic highlights was the independent cinema platform's three-month Here Comes the Sun programme, which brought 13 films, all themed on the sun, to Alserkal Avenue three times a week.
The format remains thankfully unchanged for this new programme, which will present 18 feature films, each played three times every week, on Wednesdays, Thursdays and Fridays. Some features will be paired with a thematically linked short.
The programme is entitled Where We Dwell, addressing the theme of home; where or what does this sanctuary offer us – a time, a place, a feeling? In a city where more than 90 percent of residents are expats, the audience is invited out of their own homes to answers these questions.
Big questions, which are here posed by everything from classic Hollywood musicals to regional ground-breakers, animations to documentaries, and art-house dramas from all over the globe.
Presented in partnership by Cinema Akil and Alserkal Avenue, the season kicks off on October 21-23 with The Searchers, a classic 1956 Western starring John Wayne, about a protagonist returning home from the US Civil War only to find the way of life on his Texas ranch threatened by raid by a native Comanche tribe (screening October 21-23).
A week later contemporary drama Ilo Ilo explores the relationship between a Filipino maid and the family she has moved to work for in Singapore (October 28-30). A similar theme is explored in Black Girl, the story of a Senegalese maid who encounters racism after following her host family to France (December 16-18).
There's another chance to see Mahmoud Kaabour's insightful look behind the doors of Dubai's labour camps, Champ of the Camp (November 25-27), which premiered at DIFF in 2013.
Other Arabic offerings include Rags and Tatters, an Egyptian drama about a fugitive who escapes jail amid the 2011 Tahir Square protests (January 20-22). Abdellatif Kechiche's multi-award winning drama The Secret of the Grain zeros in on an ageing Tunisian shipyard worker, who opens a restaurant in his adopted home of France despite contemptuous opposition (February 24-26).
Novel uses of animation is displayed in works from two distinct directional talents. Live action and CGI mix in fantasy Where the Wild Things Are, Spike Jonze's acclaimed adaptation of Maurice Sendak's children's book (January 6-8). Directed by the legend of Japanese anime Hayao Miyazaki (Spirited Away et al), Kiki's Delivery Service is an adventure story about the 13-year-old eponymous hero, voiced by Kirsten Dunst, breaking out on her own (February 3-5).
Among the documentaries is The Black Power Mixtape 1967-1975, which traces evolution of the Movement through archive footage of Stokely Carmichael, Dr Martin Luther King Jr and others, uncovered by Swedish filmmakers three decades later (February 17-19).
Pirates of Salé documents how hundreds of Moroccan teenagers audition every year for a life on the road with Cirque Shems'y (January 13-15).
Displacement also forms the backbone of Man Push Cart, the story of a Pakistani immigrant sleeping rough in New York from fêted American indie auteur Ramin Bahrani (January 27-29), which took the FIPRESCI Prize at the London Film Festival in 2005.
The effect of architecture on our environment will be explored in The Fountainhead, King Vidor's 1949 adaptation of author Ayn Rand's masterpiece (November 11-13), while documentaries will pay tribute to noted architects Rem Koolhaas (Rem Koolhaas: A Kind of Architect; November 4-6) and husband-and-wife team of Charles and Ray Eames (Eames: The Architect and the Painter; December 9-11).
Lastly, there's also the rare chance to catch two classic musicals on the big screen; ten-times Oscar-winning love story West Side Story (November 18-19), and Carol Reed's 1958 British adaptation of Broadway spectacle Oliver!, which closes the series (March 2-4).
• For the full programme, head to www.cinemaakil.com. All screenings are free and take place at 7pm at A4 Space in Alserkal Avenue, Dubai. No reservation necessary; seats first come, first served.
rgarratt@thenational.ae
UK's plans to cut net migration
Under the UK government’s proposals, migrants will have to spend 10 years in the UK before being able to apply for citizenship.
Skilled worker visas will require a university degree, and there will be tighter restrictions on recruitment for jobs with skills shortages.
But what are described as "high-contributing" individuals such as doctors and nurses could be fast-tracked through the system.
Language requirements will be increased for all immigration routes to ensure a higher level of English.
Rules will also be laid out for adult dependants, meaning they will have to demonstrate a basic understanding of the language.
The plans also call for stricter tests for colleges and universities offering places to foreign students and a reduction in the time graduates can remain in the UK after their studies from two years to 18 months.
Global state-owned investor ranking by size
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Japan
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The Al Barzakh Festival takes place on Wednesday and Thursday at 7.30pm in the Red Theatre, NYUAD, Saadiyat Island. Tickets cost Dh105 for adults from platinumlist.net
UAE tour of Zimbabwe
All matches in Bulawayo
Friday, Sept 26 – UAE won by 36 runs
Sunday, Sept 28 – Second ODI
Tuesday, Sept 30 – Third ODI
Thursday, Oct 2 – Fourth ODI
Sunday, Oct 5 – First T20I
Monday, Oct 6 – Second T20I
More from Neighbourhood Watch:
Profile of Bitex UAE
Date of launch: November 2018
Founder: Monark Modi
Based: Business Bay, Dubai
Sector: Financial services
Size: Eight employees
Investors: Self-funded to date with $1m of personal savings
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The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
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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.”