Isabella Rossellini and Alba Rohrwacher will star in the director Saverio Costanzo's adaptation of Paolo Giordano's novel The Solitude of Prime Numbers, which won Italy's leading literary prize, the Premio Strega, Variety reports. The book has since been published in 25 languages. Mario Gianani's Rome-based company Offside will produce, and Medusa is financing.
Nicolas Cage has signed on to star in the thriller The Hungry Rabbit Jumps and the 3-D action film Drive Angry, and walked away from a role as the villain in the super hero film The Green Hornet, according to The Hollywood Reporter.
Tobey Maguire's Maguire Entertainment and Endgame are producing The Hungry Rabbit from a script by Robert Tannen. Roger Donaldson will direct. The story follows a man who becomes involved with an underground vigilante movement after his wife is the victim of a violent crime.
Drive Angry, meanwhile, is a revenge action movie that Patrick Lussier will direct for the independent company Nu Image/Millennium Films. Michael De Luca is producing. Both films will shoot in Louisiana.
Steven Soderbergh has committed to directing Knockout, a spy thriller about a girl from the wrong side of the tracks who is given a second chance, Variety reports. The film will star the mixed martial arts fighter Gina Carano, who is the face of the fledgling female martial arts fighting circuit, the paper writes. Lem Dobbs (The Limey) is writing the script for Relativity Media, which is producing.
The Tolkien Trust, New Line Cinema and HarperCollins have settled a suit allowing Peter Jackson and Guillermo del Toro's films The Hobbit and The Hobbit 2 to proceed. The suit, over the participation of the author JRR Tolkien's heirs in the profits from The Lord of the Rings trilogy, settled at an estimated $100 million (Dh367m). Filming is expected to start on the two films next year.
Robert Redford has cast Robin Wright Penn and James McAvoy to star in The Conspirator, a film Redford will direct about the assassination of the American president Abraham Lincoln.
Penn will play Mary Surratt, who was the only woman in the group accused of attempting to murder Lincoln. McAvoy will play a young idealist who defends her.
Filming is due to begin in October. A new company, The American Film Co, produces. James Solomon wrote the script.
Disney has begun work on a new Winnie the Pooh feature film, the first to be produced by the studio in more than 35 years. Set for release in 2011, the movie will weave together five of the author AA Milne's stories about the "Bear of Very Little Brain".
Disney-Pixar's chief creative officer John Lasseter broke the news at an event in London. It is not yet known whether computer-generated imagery will be used to animate the film. Disney's upcoming release The Princess and the Frog will be the company's first hand-drawn movie in five years.
Europe's Content Republic has signed a deal with Arrow Films to release 60 of its films online, Screen Daily reports. Among the titles are Giuseppe Tornatore's Cinema Paradiso, Roman Polanski's Bitter Moon and several films from Claude Chabrol. The deal initially covers viewers in the UK, with distribution for other territories subject to rights clearance.
The cute desk lamp associated with the Pixar company has become the subject of a new lawsuit. Designed by the company's chief creative officer John Lasseter, the Luxo Jr, which has been used as Pixar's mascot for the past two decades, was originally created for an Academy Award-nominated short film of the same name. The Norwegian lamp company Luxo, however, has filed a suit in New York against Pixar and its parent company Disney for infringing on its copyright by selling limited-edition Luxo Jr lamps and launching an attraction based on an animatronic version of the lamp at Walt Disney World.
MATCH INFO
First Test at Barbados
West Indies won by 381 runs
Second Test at Antigua
West Indies won by 10 wickets
Third Test at St Lucia
February 9-13
How to wear a kandura
Dos
- Wear the right fabric for the right season and occasion
- Always ask for the dress code if you don’t know
- Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work
- Wear 100 per cent cotton under the kandura as most fabrics are polyester
Don’ts
- Wear hamdania for work, always wear a ghutra and agal
- Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
Company profile
Company: Verity
Date started: May 2021
Founders: Kamal Al-Samarrai, Dina Shoman and Omar Al Sharif
Based: Dubai
Sector: FinTech
Size: four team members
Stage: Intially bootstrapped but recently closed its first pre-seed round of $800,000
Investors: Wamda, VentureSouq, Beyond Capital and regional angel investors
Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5
MATCH INFO
Uefa Champions League semi-finals, first leg
Liverpool v Roma
When: April 24, 10.45pm kick-off (UAE)
Where: Anfield, Liverpool
Live: BeIN Sports HD
Second leg: May 2, Stadio Olimpico, Rome
SPECS
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SPEC%20SHEET%3A%20APPLE%20M3%20MACBOOK%20AIR%20(13%22)
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The%20specs
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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.”
RESULTS
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COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
COMPANY%20PROFILE
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Business Insights
- Canada and Mexico are significant energy suppliers to the US, providing the majority of oil and natural gas imports
- The introduction of tariffs could hinder the US's clean energy initiatives by raising input costs for materials like nickel
- US domestic suppliers might benefit from higher prices, but overall oil consumption is expected to decrease due to elevated costs
The%20specs%3A%20Taycan%20Turbo%20GT
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The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
WHAT IS A BLACK HOLE?
1. Black holes are objects whose gravity is so strong not even light can escape their pull
2. They can be created when massive stars collapse under their own weight
3. Large black holes can also be formed when smaller ones collide and merge
4. The biggest black holes lurk at the centre of many galaxies, including our own
5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed
The specs
AT4 Ultimate, as tested
Engine: 6.2-litre V8
Power: 420hp
Torque: 623Nm
Transmission: 10-speed automatic
Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)
On sale: Now