Larry Deanpromo. Courtesy of Laughter Factory
Larry Deanpromo. Courtesy of Laughter Factory
Larry Deanpromo. Courtesy of Laughter Factory
Larry Deanpromo. Courtesy of Laughter Factory

Review: Allyson June Smith, Larry Dean and Nick Dixon soak in parental disappointment at The Laughter Factory


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The theme of parental disappointment hung heavily over this month’s Laughter Factory bill – and for me, it was the perfect tonic.

After dropping my own parents at the airport on Friday night – after another ill-conceived, immensely stressful, week-long visit to Dubai – I headed directly to the gig. And I could not have picked a better remedy. In what felt like an enormous group therapy session, I realised the greatest lesson – that I am not alone.

Opener Nick Dixon spoke hilariously about his parents’s disdain of his job. Strafing the lines of good taste, the young British comic went as far as to joke that, when serial killer Derrick Bird was on the run in his hometown, he hoped his parents would be targeted, so that he would bank the inheritance. The punchline, of course, was their reply that he’s not even in the will.

But the sadder, and more telling moment came minutes later, when Dixon admitted his parents had never actually seen him perform. I can relate – it’s only the knowledge that there’s zero chance my parents reading this, that allows me to pen this mean-spirited review.

Closing was Allyson June Smith, a hilarious Canadian who also shared, at length, her father’s disappointment at her decision to quit a career in teaching to become a stand-up comic. It was certainly the comedy world’s gain – Smith’s assuredly self-deprecating set opened with a timely Trump joke, was packed with plenty of fish-out-of-water Canadian-isms, and included some improv singing and biting take-downs of pop-stars Shakira and Britney Spears.

Sandwiched in the middle was Larry Dean, who exploited his brilliant ability to emulate accents with some scathing impersonations of his own parents’s differing class backgrounds. Cruel but funny, this was far from his most shocking, or most personal, moment. With a truly gifted sense of timing, Dean detonates details of his private life like controlled comedic explosions. Watching him riff on the room like a pro, it seems abundantly clear that in five years, Dean will be absolutely massive – whatever his posh mother might say.

The Laughter Factory continues at The Baggot @ McGettigan's JLT on October 19, 8pm, at Grand Millennium Tecom (Barsha Heights) on October 20, 9pm, and The Gramercy, DIFC on October 21, 9pm. For more information and tickets, priced at Dh140, see thelaughterfactory.com.

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Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

Our family matters legal consultant

Name: Hassan Mohsen Elhais

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

Honeymoonish
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Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

Name: Brendalle Belaza

From: Crossing Rubber, Philippines

Arrived in the UAE: 2007

Favourite place in Abu Dhabi: NYUAD campus

Favourite photography style: Street photography

Favourite book: Harry Potter

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.”

RESULT

Leeds United 1 Manchester City 1
Leeds:
 Rodrigo (59')
Man City: Sterling (17')

Man of the Match: Rodrigo Moreno (Leeds)

Film: Raid
Dir: Rajkumar Gupta
Starring: Ajay Devgn, Ileana D'cruz and Saurabh Shukla

Verdict:  Three stars 

Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

The cost of Covid testing around the world

Egypt

Dh514 for citizens; Dh865 for tourists

Information can be found through VFS Global.

Jordan

Dh212

Centres include the Speciality Hospital, which now offers drive-through testing.

Cambodia

Dh478

Travel tests are managed by the Ministry of Health and National Institute of Public Health.

Zanzibar

AED 295

Zanzibar Public Health Emergency Operations Centre, located within the Lumumba Secondary School compound.

Abu Dhabi

Dh85

Abu Dhabi’s Seha has test centres throughout the UAE.

UK

From Dh400

Heathrow Airport now offers drive through and clinic-based testing, starting from Dh400 and up to Dh500 for the PCR test.

UAE currency: the story behind the money in your pockets
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