Kids enjoy the pool and watch a movie at Cine-Splash at the Dubai Polo and Equestrian Club.
Kids enjoy the pool and watch a movie at Cine-Splash at the Dubai Polo and Equestrian Club.

Open-air theatres



Film fans in the UAE have much to look forward to this autumn. Abu Dhabi is gearing up for the Middle East International Film Festival (MEIFF) from October 8, and its hundreds of screenings from over 80 countries; Dubai Mall's 22-screen Reel Cinemas operation is now up and running, with its art-house screen, The Picturehouse, -expected to be opened before the end of the year, and post-Eid entertainment programmes are in full swing at several other of the country's movie spots. And now, with the weather finally beginning to cool down, the week before the Abu Dhabi Grand Prix will see the Corniche transformed into a giant open-air cinema. -Beanbags, popcorn and candyfloss will be deployed for Cinema by the Sea, which runs from October 22-24. Each night will feature a double bill of motoring movies, starting with Herbie Fully Loaded, featuring Lindsay Lohan, and Days of Thunder, which brought together Tom Cruise and Nicole Kidman. The second day will feature Pixar's animated Cars and then Will Ferrell's Nascar-racing comedy Talladega Nights. Cinema by the Sea will close with the family classic Chitty Chitty Bang Bang and the vintage British crime caper The Italian Job. The open-air cinema is one of several events taking place on the newly opened Corniche in the run-up to the Grand Prix, including live music, art exhibitions and community projects. Organisers say it will be able to hold up to 30,000 people. For an evocative film experience, there are now plenty of balmy outdoors options. Recall that scene in Grease? Young couples sit in open-topped cars neatly lined up row by row, speakers hooked over the door, while watching the flickering screen in front of their windscreen and chewing on a hot dog. How superior to sitting in a musty, darkened room with sticky bits of popcorn rolling around at your feet and somebody unwrapping sweets in the row behind while the person next to you shrieks into their iPhone. Outdoor movie screens like these enjoyed their heyday in the 1950s. In America, there were over 5,000 screens across the country then, a number which has now dwindled to 383, according to the United Drive-In Theatre Owners Association. But in recent years, the more communal, outdoor cinema experience has revived itself as a summer phenomenon across the world. In London, Somerset House just wrapped up its fifth popular summer series of outdoor film throughout August. Across the Thames on the South Bank, films were projected on to the tower of the National Theatre, physically enmeshing themselves as part of the cultural fabric of the city. Tilda Swinton and a volunteer team spent part of August hauling a mobile cinema around Scotland in a great, participatory cinema experiment. "Cinema is for everybody and for everywhere," she told the BBC. In Sydney, the St George Open Air Cinema regularly plays host to thousands of filmgoers against a backdrop of the harbour and tickets for screenings of films sell out within hours. In Paris, an abundance of outdoor film festivals, including the Clair de Lune event which shows films at the locations that they were shot, delight cinephiles, and last month New York's Central Park held a free five-day series of films. Given that sunshine is something that the UAE has in abundance, there are not only outdoor cinema screens here but some which come with the added bonus of a swimming pool to float about in while watching. At Dubai Polo and Equestrian Club, Cine-Splash takes place every Thursday and Friday night, a weekly ritual that started at the club in June. Attendees are offered inflatable chairs, or if they so wish, they can bring their own. Family-friendly screenings kick off from 7.30pm, those for more mature viewers from 9.30pm. Up this week are films such as Robots, The Bourne Identity and Lock, Stock and Two Smoking Barrels. "Thursdays are generally more popular than Fridays, because Fridays are more of a family day," explains Ershad Ahmed, a manager at the club. "So to avoid fighting for a sunbed it's better to book." The Desert Palm offers a similar deal with Movies and Munchies every Wednesday night. The "munchies" part of the cinema-going experience is provided by a barbecue, although it is possibly not advisable to take -marinated chicken wings into the pool with you. Again, one can hop on to an inflatable chair and watch away, with the happy bonus that a bowl of popcorn and towel is included in the entrance fee of Dh30 per person. The running format is similar here too, with child-friendly flicks on at 7pm and those for the more mature viewer being screened at 9pm. Quentin Tarantino has been well represented recently with the screening of Kill Bill: Vol 1 and next week's showing of Pulp Fiction. Meanwhile, children can splash through options such as Monsters Inc on Wednesday, or Flushed Away one week later. The choice of films at such communal, outdoor events is often a delicate one. Ershad Ahmed says that Dubai Polo Club has a bit of everything to keep the punters happy. "Bridget Jones's Diary, Gladiator, Four Weddings and a Funeral, it's a mix," he says. And, he adds, one of the -bonuses to the great outdoors, as far as cinema viewing goes, is the relaxed nature, with families and groups of friends happily milling around together. "We do tell people to turn their phones off, but if they go off it doesn't matter," he adds. For those who prefer to remain undisturbed by swimming pools and barbecues, a more traditional experience can be found at the Madinat Theatre. Monday Movie Nights there are held in conjunction with Turner Classic Movies (TCM). This week's screening is of the Marx Brothers' A Night At The Opera; following that is The Philadelphia Story starring Cary Grant and Katherine Hepburn. Alternatively, the Ritz-Carlton is shortly to restart its themed-cinema evenings, also in partnership with TCM. Held in the hotel's La Baie restaurant, proceedings kick off on -October 7 with a month of thrillers. First in the series is Point Blank, starring Lee Marvin and Angie Dickinson. "We wanted to create an opportunity for people to live their nostalgia with these old-time legends," said Alan Musa, the vice-president of Turner Broadcasting. So dress up in your finest because the evening is tailor-made to the film and the chefs create an accompanying menu. Point Blank was released in 1967, so look out for Steak Diane, coronation chicken or cheese and pineapple cubes stuck into a melon. Dubai's artsy members' club -Shelter and art-house cinema venue The Scene Club are two other venues that should be on the radar for film fans. Shelter regularly holds themed film months. June saw a run of Lebanese films, July was given over to Italian classics. Similarly highbrow fare is screened at The Scene Club, founded in 2007 as Dubai's first official film club and run under the patronage of the Dubai International Film Festival. Autumn's screenings and programmes for both are still under wraps, but will shortly be announced.

What is a Ponzi scheme?

A fraudulent investment operation where the scammer provides fake reports and generates returns for old investors through money paid by new investors, rather than through ligitimate business activities.

Business Insights
  • As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses. 
  • SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income. 
  • Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
IF YOU GO

The flights

FlyDubai flies direct from Dubai to Skopje in five hours from Dh1,314 return including taxes. Hourly buses from Skopje to Ohrid take three hours.

The tours

English-speaking guided tours of Ohrid town and the surrounding area are organised by Cultura 365; these cost €90 (Dh386) for a one-day trip including driver and guide and €100 a day (Dh429) for two people. 

The hotels

Villa St Sofija in the old town of Ohrid, twin room from $54 (Dh198) a night.

St Naum Monastery, on the lake 30km south of Ohrid town, has updated its pilgrims' quarters into a modern 3-star hotel, with rooms overlooking the monastery courtyard and lake. Double room from $60 (Dh 220) a night.

 

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COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
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Electoral College Victory

Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate. 

 

Popular Vote Tally

The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.

Porsche Taycan Turbo specs

Engine: Two permanent-magnet synchronous AC motors

Transmission: two-speed

Power: 671hp

Torque: 1050Nm

Range: 450km

Price: Dh601,800

On sale: now

COMPANY%20PROFILE
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Lampedusa: Gateway to Europe
Pietro Bartolo and Lidia Tilotta
Quercus

RACE CARD

6.30pm Maiden (TB) Dh82.500 (Dirt) 1,400m

7.05pm Handicap (TB) Dh87,500 (D) 1,400m

7.40pm Handicap (TB) Dh92,500 (Turf) 2,410m

8.15pm Handicap (TB) Dh105,000 (D) 1,900m

8.50pm UAE 2000 Guineas Trial (TB) Conditions Dh183,650 (D) 1,600m

9.25pm Dubai Trophy (TB) Conditions Dh183,650 (T) 1,200m

10pm Handicap (TB) Dh102,500 (T) 1,400m

TO A LAND UNKNOWN

Director: Mahdi Fleifel

Starring: Mahmoud Bakri, Aram Sabbah, Mohammad Alsurafa

Rating: 4.5/5

Company%20Profile
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Gender equality in the workplace still 200 years away

It will take centuries to achieve gender parity in workplaces around the globe, according to a December report from the World Economic Forum.

The WEF study said there had been some improvements in wage equality in 2018 compared to 2017, when the global gender gap widened for the first time in a decade.

But it warned that these were offset by declining representation of women in politics, coupled with greater inequality in their access to health and education.

At current rates, the global gender gap across a range of areas will not close for another 108 years, while it is expected to take 202 years to close the workplace gap, WEF found.

The Geneva-based organisation's annual report tracked disparities between the sexes in 149 countries across four areas: education, health, economic opportunity and political empowerment.

After years of advances in education, health and political representation, women registered setbacks in all three areas this year, WEF said.

Only in the area of economic opportunity did the gender gap narrow somewhat, although there is not much to celebrate, with the global wage gap narrowing to nearly 51 per cent.

And the number of women in leadership roles has risen to 34 per cent globally, WEF said.

At the same time, the report showed there are now proportionately fewer women than men participating in the workforce, suggesting that automation is having a disproportionate impact on jobs traditionally performed by women.

And women are significantly under-represented in growing areas of employment that require science, technology, engineering and mathematics skills, WEF said.

* Agence France Presse

Tuesday results:

  • Singapore bt Malaysia by 29 runs
  • UAE bt Oman by 13 runs
  • Hong Kong bt Nepal by 3 wickets

Final:
Thursday, UAE v Hong Kong

Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
Rating: 4/5
Nayanthara: Beyond The Fairy Tale

Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni

Director: Amith Krishnan

Rating: 3.5/5

If you go

The flights
Emirates (www.emirates.com) and Etihad (www.etihad.com) both fly direct to Bengaluru, with return fares from Dh 1240. From Bengaluru airport, Coorg is a five-hour drive by car.

The hotels
The Tamara (www.thetamara.com) is located inside a working coffee plantation and offers individual villas with sprawling views of the hills (tariff from Dh1,300, including taxes and breakfast).

When to go
Coorg is an all-year destination, with the peak season for travel extending from the cooler months between October and March.

THE SPECS

Engine: 6.75-litre twin-turbocharged V12 petrol engine 

Power: 420kW

Torque: 780Nm

Transmission: 8-speed automatic

Price: From Dh1,350,000

On sale: Available for preorder now

The Sand Castle

Director: Matty Brown

Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

Rating: 2.5/5

The%20specs
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The%20specs
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UAE currency: the story behind the money in your pockets
The specs

  Engine: 2-litre or 3-litre 4Motion all-wheel-drive Power: 250Nm (2-litre); 340 (3-litre) Torque: 450Nm Transmission: 8-speed automatic Starting price: From Dh212,000 On sale: Now

Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

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.”

From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5