Forbes magazine has named Oprah Winfrey as America's most influential celebrity for the second year in a row. Evan Agostini / Getty Images
Forbes magazine has named Oprah Winfrey as America's most influential celebrity for the second year in a row. Evan Agostini / Getty Images
Forbes magazine has named Oprah Winfrey as America's most influential celebrity for the second year in a row. Evan Agostini / Getty Images
Forbes magazine has named Oprah Winfrey as America's most influential celebrity for the second year in a row. Evan Agostini / Getty Images

Oprah named most influential celebrity


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Oprah named most influential celebrity

Oprah Winfrey was crowned America's most influential celebrity for a second straight year. Forbes magazine ranked Winfrey, 59, ahead of Steven Spielberg, Clint Eastwood and Barbara Walters. Forbes noted that Winfrey's magic had rubbed off as well, with one of her protégées, the TV physician Dr Mehmet Oz, ranking sixth on the list. Film directing, however, seems to be the profession most associated with influence, as four directors, including Martin Scorsese, Ron Howard and George Lucas, crowded into the top 10. – Reuters

Luke Bryan tops Billboard charts

The country singer Luke Bryan scored his first No 1 on the Billboard 200 album charts with his Spring Break ... Here to Party, while the late Jimi Hendrix scored his highest-charting release in 44 years with a posthumous album of studio recordings, People, Hell and Angels. Bryan will host the Academy of Country Music Awards in April. Bruno Mars placed third with Unorthodox Jukebox, while the British folk rock band Mumford & Sons slipped to fourth with Babel. – Reuters

Jay-Z talks Great Gatsby music

Jay-Z has teamed up with Baz Luhrmann to produce and perform on the soundtrack for The Great Gatsby, which will open the Cannes Film Festival in May. Jay-Z said the soundtrack would bring modern "jazz age" energy to the film. He said he was introduced to Luhrmann by the movie's lead star Leonardo DiCaprio and this led to a two-year collaboration. "The Great Gatsby is that classic American story of one's introduction to extravagance, decadence and illusion. It's ripe for experimentation and ready to be interpreted with a modern twist," Jay-Z said. – Reuters

Bieber fires back at critics

Justin Bieber has taken to Instagram to unload his frustration over what he says are the "countless lies" being circulated about him. On Thursday, Bieber wrote that he is "tired of all the countless lies in the press right now", denying rumours that he's going to rehab. "I'm 19 and it must be scary to some people to think that this is just the beginning," he said. Bieber originally ended the post with a jab at Lindsay Lohan, suggesting any comparison between the two was wrong. The pop star recently collapsed backstage during a London concert, tussled with paparazzi and cancelled a performance in Portugal. – AP

Lil Wayne ‘good’ after health scare

Lil Wayne tweeted on Friday that he was "good", as record company executives dismissed a report that the singer had been in critical condition after a string of seizures. He tweeted: "I'm good everybody. Thanks for the prayers and love", after TMZ reported that he was in an induced coma and that his family was rushing to his bedside. According to TMZ, Lil Wayne, 30, was rushed to a Los Angeles hospital on Tuesday after suffering multiple seizures. Bryan Williams, a co-founder of Cash Money Records to which Lil Wayne is signed, tweeted: "My son is in good spirit. Feelin much betta. Be home soon." – AFP

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

Tips for used car buyers
  • Choose cars with GCC specifications
  • Get a service history for cars less than five years old
  • Don’t go cheap on the inspection
  • Check for oil leaks
  • Do a Google search on the standard problems for your car model
  • Do your due diligence. Get a transfer of ownership done at an official RTA centre
  • Check the vehicle’s condition. You don’t want to buy a car that’s a good deal but ends up costing you Dh10,000 in repairs every month
  • Validate warranty and service contracts with the relevant agency and and make sure they are valid when ownership is transferred
  • If you are planning to sell the car soon, buy one with a good resale value. The two most popular cars in the UAE are black or white in colour and other colours are harder to sell

Tarek Kabrit, chief executive of Seez, and Imad Hammad, chief executive and co-founder of CarSwitch.com

The lowdown

Badla

Rating: 2.5/5

Produced by: Red Chillies, Azure Entertainment 

Director: Sujoy Ghosh

Cast: Amitabh Bachchan, Taapsee Pannu, Amrita Singh, Tony Luke

Museum of the Future in numbers
  •  78 metres is the height of the museum
  •  30,000 square metres is its total area
  •  17,000 square metres is the length of the stainless steel facade
  •  14 kilometres is the length of LED lights used on the facade
  •  1,024 individual pieces make up the exterior 
  •  7 floors in all, with one for administrative offices
  •  2,400 diagonally intersecting steel members frame the torus shape
  •  100 species of trees and plants dot the gardens
  •  Dh145 is the price of a ticket

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.”

The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

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Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

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
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

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

In-demand jobs and monthly salaries
  • Technology expert in robotics and automation: Dh20,000 to Dh40,000 
  • Energy engineer: Dh25,000 to Dh30,000 
  • Production engineer: Dh30,000 to Dh40,000 
  • Data-driven supply chain management professional: Dh30,000 to Dh50,000 
  • HR leader: Dh40,000 to Dh60,000 
  • Engineering leader: Dh30,000 to Dh55,000 
  • Project manager: Dh55,000 to Dh65,000 
  • Senior reservoir engineer: Dh40,000 to Dh55,000 
  • Senior drilling engineer: Dh38,000 to Dh46,000 
  • Senior process engineer: Dh28,000 to Dh38,000 
  • Senior maintenance engineer: Dh22,000 to Dh34,000 
  • Field engineer: Dh6,500 to Dh7,500
  • Field supervisor: Dh9,000 to Dh12,000
  • Field operator: Dh5,000 to Dh7,000