From left, Esha Gupta, Emraan Hashmi and Bipasha Gupta star in Raaz 3. Razan Alzayani / The National
From left, Esha Gupta, Emraan Hashmi and Bipasha Gupta star in Raaz 3. Razan Alzayani / The National
From left, Esha Gupta, Emraan Hashmi and Bipasha Gupta star in Raaz 3. Razan Alzayani / The National
From left, Esha Gupta, Emraan Hashmi and Bipasha Gupta star in Raaz 3. Razan Alzayani / The National

Raaz 3 release cancelled in the UAE


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Raaz 3 release cancelled in the UAE

The third instalment of the Bollywood horror series Raaz did not release in the UAE last week as scheduled. "Raaz 3 has not been cleared by the UAE Media Council yet. Approval is pending," said Wassim El Jurdi, the marketing manager for the local theatre operator Cine Royal. Directed by Vikram Bhatt, the film tells the story of an actress who turns to the dark arts to revive her career. It stars Bipasha Basu, Esha Gupta and Emraan Hashmi. The film's cast and crew were in Dubai last week to promote the movie.

Bhatt, D'Cruz, Sinha on September covers

Bollywood stars headline the September fashion issues of Indian magazines. The young actress Alia Bhatt, who will be making her Bollywood debut in Karan Johar's forthcoming romantic comedy Student of the Year next month, is the cover girl of Vogue India. The 19-year-old stars with fellow newcomers Varun Dhawan and Siddharth Malhotra in the movie. Meanwhile, the southern actress Ileana D'Cruz is on the cover of Harper's Bazaar. She makes her Bollywood debut in Barfi!, which opens in the UAE on Thursday. Fresh from the success of her recent films Rowdy Rathore and Joker, Sonakshi Sinha appears on the cover of Cosmopolitan magazine. She will next be seen in the drama Son of Sardaar, which will be released in November.

Aishwarya scotches film rumours

Indian tabloids and gossip websites were abuzz with the news last week that Aishwarya Rai Bachchan is only interested in film projects that also star her husband, Abhishek Bachchan. The 38-year-old actress has released a statement denying the rumours. "A certain section of the media has been wrongly reporting that I will do films only with my husband. I would like to state for the record that this information is incorrect," said Bachchan. Her representative told reporters: "It's disheartening to see such tactics being employed by people threatened by her. Aishwarya is a professional and will not let personal equations affect her work."

Ravi Kissen is more than ready for his first lead role in Bollywood

The Bhojpuri actor Ravi Kissen says he is looking forward to the release of his first Bollywood project, the crime thriller Jeena Hai Toh Thok Daal. "After more than 170 films in Bhojpuri cinema, I am ready to take my career to the next level. I need to prove myself in Hindi cinema and this movie will do just that. In Jeena Hai Toh, my fans will see me doing action, romance and drama," said the 41-year-old actor, who plays a criminal gang leader who takes on Mumbai. The film also stars Yashpal Sharma and Hazel Crowney. - IANS

Leone and husband may star together

The Canadian star Sunny Leone, who made her Bollywood debut last month in the director Pooja Bhatt's romantic thriller Jism 2, says her husband Daniel Weber is considering entering the industry. "A few people have approached him and want us together in a film. He is open to it," said Leone, who last week announced her next project, the sequel to the 2011 horror thriller Ragini MMS, produced by Ekta Kapoor. - IANS

EA Sports FC 25

Pad Man

Dir: R Balki

Starring: Akshay Kumar, Sonam Kapoor, Radhika Apte

Three-and-a-half stars

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Day 2, stumps

Pakistan 482

Australia 30/0 (13 ov)

Australia trail by 452 runs with 10 wickets remaining in the innings

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.”

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THE SPECS

Engine: 4.4-litre V8

Transmission: eight-speed automatic

Power: 523hp

Torque: 750Nm

Price: Dh469,000

White hydrogen: Naturally occurring hydrogenChromite: Hard, metallic mineral containing iron oxide and chromium oxideUltramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica contentOphiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on landOlivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour

Match info

Deccan Gladiators 87-8

Asif Khan 25, Dwayne Bravo 2-16

Maratha Arabians 89-2

Chadwick Walton 51 not out

Arabians won the final by eight wickets

GIANT REVIEW

Starring: Amir El-Masry, Pierce Brosnan

Director: Athale

Rating: 4/5

Kandahar%20
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At a glance

- 20,000 new jobs for Emiratis over three years

- Dh300 million set aside to train 18,000 jobseekers in new skills

- Managerial jobs in government restricted to Emiratis

- Emiratis to get priority for 160 types of job in private sector

- Portion of VAT revenues will fund more graduate programmes

- 8,000 Emirati graduates to do 6-12 month replacements in public or private sector on a Dh10,000 monthly wage - 40 per cent of which will be paid by government

Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

SPEC%20SHEET%3A%20APPLE%20IPHONE%2015%20PRO%20MAX
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Key findings of Jenkins report
  • Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
  • Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
  • Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
  • Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
WORLD'S%2010%20HIGHEST%20MOUNTAINS
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Profile of Tarabut Gateway

Founder: Abdulla Almoayed

Based: UAE

Founded: 2017

Number of employees: 35

Sector: FinTech

Raised: $13 million

Backers: Berlin-based venture capital company Target Global, Kingsway, CE Ventures, Entrée Capital, Zamil Investment Group, Global Ventures, Almoayed Technologies and Mad’a Investment.

UAE currency: the story behind the money in your pockets
Results
%3Cp%3EStage%204%3A%0D%3Cbr%3E1.%20Juan%20Sebastian%20Molano%20(COL)%20Team%20UAE%20Emirates%20%E2%80%93%203hrs%2050min%2001sec%0D%3Cbr%3E2.%20Olav%20Kooij%20(NED)%20Jumbo-Visma%20%E2%80%93%20ST%0D%3Cbr%3E3.%20Sam%20Welsford%20(AUS)%20Team%20DSM)%20%E2%80%93%20ST%0D%3Cbr%3EGeneral%20Classification%3A%0D%3Cbr%3E1.%20Remco%20Evenepoel%20(BEL)%20Soudal%20Quick-Step%0D%3Cbr%3E2.%20Lucas%20Plapp%20(AUS)%20Ineos%20Grenaders%20%E2%80%93%207%E2%80%B3%0D%3Cbr%3E3.%20Pello%20Bilbao%20(ESP)%20Bahrain%20Victorious%20%E2%80%93%2011%E2%80%B3%3C%2Fp%3E%0A
Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

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LUKA CHUPPI

Director: Laxman Utekar

Producer: Maddock Films, Jio Cinema

Cast: Kartik Aaryan, Kriti Sanon​​​​​​​, Pankaj Tripathi, Vinay Pathak, Aparshakti Khurana

Rating: 3/5

Look%20Both%20Ways
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Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

The specS: 2018 Toyota Camry

Price: base / as tested: Dh91,000 / Dh114,000

Engine: 3.5-litre V6

Gearbox: Eight-speed automatic

Power: 298hp @ 6,600rpm

Torque: 356Nm @ 4,700rpm

Fuel economy, combined: 7.0L / 100km