Shah Rukh Khan will dole out life lessons at University of Edinburgh. Clint McLean for The National
Shah Rukh Khan will dole out life lessons at University of Edinburgh. Clint McLean for The National
Shah Rukh Khan will dole out life lessons at University of Edinburgh. Clint McLean for The National
Shah Rukh Khan will dole out life lessons at University of Edinburgh. Clint McLean for The National

Shah Rukh Khan to give a lecture in Scotland


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Shah Rukh Khan will give a public lecture at the University of Edinburgh's New College on October 15. Tickets are sold out, but there will be a live video stream of the event. The university has been linked with India for nearly 250 years. Professor William Robertson, Edinburgh's principal from 1762 to 1793, wrote one of the earliest European texts to focus on India. Edinburgh's first Indian student graduated in 1876, and by the 1920s its Indian student population was greater than that of any other UK university. Senior vice principal, Charles Jeffrey, said: "The University of Edinburgh has very strong ties with India and I am delighted that we are able to welcome one of the most outstanding stars of world cinema." Khan, who has done more than 80 Bollywood films and received 14 Filmfare awards, sought advice about his lecture topic from his 15 million Twitter followers: "Now 2 writing speech for Edinburgh. Life lessons/success or on education?" After responses from fans, he tweeted, "Most of u feel life lessons ... LL it is then. Now to make the fingers bleed on the keyboard." – The National staff

Ash’s ‘comeback’ movie is a box-office hit

Bollywood film Jazbaa had a solid opening weekend at the Indian box office. The film released in India on October 9 and early reports suggest it drew big crowds over the weekend, earning Rs97.2 million (Dh5.5m). The crime thriller stars Aishwarya Rai Bachchan in her first film role for five years and many are calling it her comeback movie. But co-star Irrfan Khan disagrees. He told the Press Trust of India: "For me, she was always here. She didn't go anywhere. An actor should be allowed a gap. Her audience is still with her." Bachchan plays a lawyer in the movie and Khan a suspended cop. Directed by Sanjay Gupta, Jazbaa is a Hindi remake of a South Korean crime film. – The National staff

The Martian soars while Pan crashes

Matt Damon's The Martian remains in a world of its own, topping the North American box-office charts for a second weekend, after taking an estimated US$37m (Dh136m). The critically acclaimed blockbuster about an astronaut stranded on Mars, directed by Ridley Scott, has now made $108.7m (Dh399m) in total. In a less than stellar showing, new release Pan, a film that reimagines Peter Pan's story, made only $15.5m (56.9) during its opening weekend, only a tenth of what it reportedly cost Warner Bros to make. That puts it on track to be one of the worst bombs of the year. – AFP

Hendrix estate suing over US$1m guitar

The Jimi Hendrix estate is suing a man for a guitar once owned by the legendary musician, which is valued at between US$750,000 and $1m (up to Dh3.67m). Experience Hendrix, the company that runs the estate, wants a judge to order that the guitar be returned. According to the complaint, the estate says Harvey Moltz, owner of Rainbow Guitars in Tucson, Arizona, is not the rightful owner of the Black Widow acoustic guitar. Moltz says he bought it in June 2014 from someone who bought it from Sheldon Reynolds, the ex-husband of Hendrix's adopted sister, Janie Hendrix. Estate attorney Ed McPherson says Reynolds, a former member of Earth, Wind, and Fire, stole it. – AP

Aerosmith star tells Trump to stop using music

Aerosmith frontman Steven Tyler has asked Republican presidential candidate Donald Trump to stop using the power ballad Dream On at campaign events. Attorneys for Tyler sent a second cease-and-desist letter to Trump's campaign committee on October 10. The letter says Trump does "not have our client's permission to use Dream On" and that it "gives the false impression that he is connected with or endorses Mr Trump's presidential bid". Tyler, who is a registered Republican, attended the GOP contenders' first debate in August. Tyler's team has said it's not a political or personal issue against Trump, but one of permission and copyright. – AP

artslife@thenational.ae

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

The biog

Favourite film: Motorcycle Dairies, Monsieur Hulot’s Holiday, Kagemusha

Favourite book: One Hundred Years of Solitude

Holiday destination: Sri Lanka

First car: VW Golf

Proudest achievement: Building Robotics Labs at Khalifa University and King’s College London, Daughters

Driverless cars or drones: Driverless Cars

The biog

Prefers vegetables and fish to meat and would choose salad over pizza

Walks daily as part of regular exercise routine 

France is her favourite country to visit

Has written books and manuals on women’s education, first aid and health for the family

Family: Husband, three sons and a daughter

Fathiya Nadhari's instructions to her children was to give back to the country

The children worked as young volunteers in social, education and health campaigns

Her motto is to never stop working for the country

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: 4.4-litre V8

Transmission: Automatic

Power: 530bhp 

Torque: 750Nm 

Price: Dh535,000

On sale: Now

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%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EDavid%20Lowery%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Alexander%20Molony%2C%20Ever%20Anderson%2C%20Joshua%20Pickering%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
'Moonshot'

Director: Chris Winterbauer

Stars: Lana Condor and Cole Sprouse 

Rating: 3/5

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)