The actor Saif Ali Khan has denied assaulting a businessman in Mumbai in 2012. Antonie Roberstson / The National
The actor Saif Ali Khan has denied assaulting a businessman in Mumbai in 2012. Antonie Roberstson / The National
The actor Saif Ali Khan has denied assaulting a businessman in Mumbai in 2012. Antonie Roberstson / The National
The actor Saif Ali Khan has denied assaulting a businessman in Mumbai in 2012. Antonie Roberstson / The National

Saif Ali Khan pleads not guilty to assault


  • English
  • Arabic

The Bollywood star Saif Ali Khan appeared in court on Thursday and denied breaking the nose of a South African businessman at a luxury hotel two years ago. The incident allegedly happened in Mumbai's Taj Mahal Palace hotel in February 2012. The businessman accuses Khan of pushing him and punching him in the face in the Japanese restaurant Wasabi. "The court today framed charges against Khan and his two friends – Shakeel Ladak and Bilal Amrohi – under section 325 [assault] and 34 [common intention] of the Indian Penal Code," said the public prosecutor Wajeed Sheikh, according to the Press Trust of India. The trio pleaded not guilty after the charges were read out against them in the Mumbai court. – AFP

Hilton inaugurates Manila beach club

Paris Hilton has unveiled her first real estate project in Manila and says she wants to follow in the footsteps of her great-grandfather and grandfather, who created the Hilton hotel empire. Hilton inaugurated the urban Paris Beach Club, which she designed in collaboration with the Philippine developer Century Properties. The Club fronts a man-made beach within a condominium community in Parañaque City. The 33-year-old Hilton says the project is just a start to more property ventures: "This is probably the one project I'm most proud about because real estate is something that runs in my blood." – AP

Rick Ross tops Billboard 200

The rapper Rick Ross beat Pharrell Williams to the top of this week's Billboard 200 album chart. Ross's Mastermind became his fifth No 1 album after selling 179,000 copies in its first week, according to figures from Nielsen SoundScan. Pharrell's G I R L entered the chart at No 2. The release came after a month of high-profile performances, culminating in him singing his Oscar-nominated song Happy at the Oscars. Happy, the lead song from Despicable Me 2, stayed at No 1 on Billboard's Digital Songs chart this week. In third place on the album chart is Disney's soundtrack to the animated movie Frozen. Rounding out the top five of this week's Billboard 200 are Lea Michele's debut record Louder and the country music group Eli Young Band with 10,000 Towns. – Reuters

Chris Brown arrested for violating probation

Chris Brown was arrested on Friday and will be held without bail on a warrant issued by probation officials in the latest legal entanglement for the R&B singer who has struggled to put his 2009 attack on Rihanna behind him. The warrant was issued by the judge overseeing Brown's case after he was informed on Friday that the singer had been discharged from rehab "for failure to comply with rules and regulations of the programme". No further details were released. Brown had been ordered to remain in rehab for anger-management treatment. A January letter from the facility stated that the singer was also being treated for bipolar disorder, post-traumatic stress disorder and past substance abuse. – AP

Keith Richards to publish children’s book

The Rolling Stones guitarist Keith Richards will release a children's picture book with illustrations by his daughter Theodora Richards. The book, Gus & Me: The Story of My Granddad and My First Guitar, tells the story of how Richards was first introduced to music by his grandfather and given his first guitar. "I have just become a grandfather for the fifth time, so I know what I'm talking about," Richards said in a ­statement about the children's book. "The bond, the special bond, between kids and grandparents is unique and should be treasured. This is a story of one of those magical moments." The hardback and ­e-book will be released on September 9. The hardback edition will have an audio CD featuring bonus book content. – Reuters

Big renewal deal for Big Bang

CBS is renewing its hit comedy The Big Bang Theory for three more years. The extraordinary three-year deal would carry TV's most-watched sitcom through the 2016-17 season, the series' 10th on the air. The Big Bang Theory premiered in September 2007 and has been a ratings smash for virtually its entire run. It has averaged nearly 20 million viewers each week this season. – AP

Book of Oprah’s columns to be published

Oprah Winfrey's latest book project, What I Know for Sure, features the monthly essays that she has written for O, the Oprah Magazine over the past 14 years. Flatiron Books, a new nonfiction imprint of Macmillan, announced that the book will come out on September 2. It will be the imprint's first release. Winfrey has said she named her column What I Know for Sure after the film critic Gene Siskel asked her "What do you know for sure?" during an interview. She has called the columns a way of "taking stock" of her life. – AP

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.”

Australia (15-1): Israel Folau; Dane Haylett-Petty, Reece Hodge, Kurtley Beale, Marika Koroibete; Bernard Foley, Will Genia; David Pocock, Michael Hooper (capt), Lukhan Tui; Adam Coleman, Izack Rodda; Sekope Kepu, Tatafu Polota-Nau, Tom Robertson.

Replacements: Tolu Latu, Allan Alaalatoa, Taniela Tupou, Rob Simmons, Pete Samu, Nick Phipps, Matt Toomua, Jack Maddocks.

UAE currency: the story behind the money in your pockets
Five ways to get fit like Craig David (we tried for seven but ran out of time)

Start the week as you mean to go on. So get your training on strong on a Monday.

Train hard, but don’t take it all so seriously that it gets to the point where you’re not having fun and enjoying your friends and your family and going out for nice meals and doing that stuff.

Think about what you’re training or eating a certain way for — don’t, for example, get a six-pack to impress somebody else or lose weight to conform to society’s norms. It’s all nonsense.

Get your priorities right.

And last but not least, you should always, always chill on Sundays.

Red flags
  • Promises of high, fixed or 'guaranteed' returns.
  • Unregulated structured products or complex investments often used to bypass traditional safeguards.
  • Lack of clear information, vague language, no access to audited financials.
  • Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
  • Hard-selling tactics - creating urgency, offering 'exclusive' deals.

Courtesy: Carol Glynn, founder of Conscious Finance Coaching

Sukuk

An Islamic bond structured in a way to generate returns without violating Sharia strictures on prohibition of interest.

THE SPECS

Engine: 6.0-litre, twin-turbocharged W12

Transmission: eight-speed automatic

Power: 626bhp

Torque: 900Nm

Price: Dh1,050,000

On sale: now

UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
The Voice of Hind Rajab

Starring: Saja Kilani, Clara Khoury, Motaz Malhees

Director: Kaouther Ben Hania

Rating: 4/5

The specs

Engine: 1.6-litre 4-cyl turbo and dual electric motors

Power: 300hp at 6,000rpm

Torque: 520Nm at 1,500-3,000rpm

Transmission: 8-speed auto

Fuel consumption: 8.0L/100km

Price: from Dh199,900

On sale: now

The specs: 2019 Infiniti QX50

Price, base: Dh138,000 (estimate)
Engine: 2.0L, turbocharged, in-line four-cylinder
Transmission: Continuously variable transmission
Power: 268hp @ 5,600rpm
Torque: 380Nm @ 4,400rpm
Fuel economy: 6.7L / 100km (estimate)

MATCH INFO

What: 2006 World Cup quarter-final
When: July 1
Where: Gelsenkirchen Stadium, Gelsenkirchen, Germany

Result:
England 0 Portugal 0
(Portugal win 3-1 on penalties)

Conflict, drought, famine

Estimates of the number of deaths caused by the famine range from 400,000 to 1 million, according to a document prepared for the UK House of Lords in 2024.
It has been claimed that the policies of the Ethiopian government, which took control after deposing Emperor Haile Selassie in a military-led revolution in 1974, contributed to the scale of the famine.
Dr Miriam Bradley, senior lecturer in humanitarian studies at the University of Manchester, has argued that, by the early 1980s, “several government policies combined to cause, rather than prevent, a famine which lasted from 1983 to 1985. Mengistu’s government imposed Stalinist-model agricultural policies involving forced collectivisation and villagisation [relocation of communities into planned villages].
The West became aware of the catastrophe through a series of BBC News reports by journalist Michael Buerk in October 1984 describing a “biblical famine” and containing graphic images of thousands of people, including children, facing starvation.

Band Aid

Bob Geldof, singer with the Irish rock group The Boomtown Rats, formed Band Aid in response to the horrific images shown in the news broadcasts.
With Midge Ure of the band Ultravox, he wrote the hit charity single Do They Know it’s Christmas in December 1984, featuring a string of high-profile musicians.
Following the single’s success, the idea to stage a rock concert evolved.
Live Aid was a series of simultaneous concerts that took place at Wembley Stadium in London, John F Kennedy Stadium in Philadelphia, the US, and at various other venues across the world.
The combined event was broadcast to an estimated worldwide audience of 1.5 billion.

A timeline of the Historical Dictionary of the Arabic Language
  • 2018: Formal work begins
  • November 2021: First 17 volumes launched 
  • November 2022: Additional 19 volumes released
  • October 2023: Another 31 volumes released
  • November 2024: All 127 volumes completed
The specs

Engine: 2.0-litre 4-cyl

Power: 153hp at 6,000rpm

Torque: 200Nm at 4,000rpm

Transmission: 6-speed auto

Price: Dh99,000

On sale: now

Company%C2%A0profile
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EPyppl%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EEstablished%3A%20%3C%2Fstrong%3E2017%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EAntti%20Arponen%20and%20Phil%20Reynolds%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20financial%20services%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestment%3A%3C%2Fstrong%3E%20%2418.5%20million%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EEmployees%3A%3C%2Fstrong%3E%20150%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFunding%20stage%3A%3C%2Fstrong%3E%20series%20A%2C%20closed%20in%202021%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20venture%20capital%20companies%2C%20international%20funds%2C%20family%20offices%2C%20high-net-worth%20individuals%3C%2Fp%3E%0A