Hollywood stars Leonardo DiCaprio and Mark Ruffalo have teamed up to widen access to clean energy. The movie stars have launched 100%, a campaign that aims to make energy from renewable sources available and affordable to all. DiCaprio has spent much time over the past few years working on environmental and animal-conservation efforts. During Thursday night’s launch at a community garden in New York, the actor said the clean-energy movement was no longer about politics but humanity. “This is a grass-roots people’s movement, but the ambition of this movement is absolutely revolutionary. Clean energy grows local economies,” he said. Avengers star Ruffalo – a co-founder of the campaign – said it was a “serious issue”. He added: “This is really mankind’s greatest threat and it should take some serious problem-solving on all of our parts. And we don’t really have to give up anything to do it. We will be collecting the sun and the wind that falls on us every single day.” – AP
Exhausted Empire actress hospitalised
Taraji P Henson has been hospitalised suffering from exhaustion. The actress, star of the hip-hop TV drama Empire, on Friday posted a photo of an IV connected to her arm but reassured fans that she was fine and just needed a rest. A spokeswoman for the actress confirmed that she had become exhausted but was taking it easy and would be fine. No further details about the actress's location or condition were given. In her posts, Henson said: "God has a way of saying: 'You're doing too much!'" In a reference to the name of her character in Empire, the actress added that she is a "tough cookie". Henson said her mother and friends were coming to check on her. – AP
The Holmes Brothers singer dies at 71
Wendell Holmes, the guitarist, pianist, singer and songwriter with the soul and blues band The Holmes Brothers, has died. His manager, Paul Kahn, said the 71-year-old musician died on Friday at his home in Rosedale, Maryland, of complications from pulmonary hypertension. Holmes and his older brother, bassist Sherman Holmes, played at churches in Virginia when they were growing up and, after high school, started playing professionally in New York. They formed The Holmes Brothers in 1979 with drummer Willie "Popsy" Dixon, who died in January. Kahn says Wendell Holmes was a natural musical talent, whose most popular song was the soul ballad We Meet, We Part, We Remember. – AP
Bieber and Usher copyright case reopens
An appeals court has reinstated a US$10 million (Dh36.7m) lawsuit that accuses singers Justin Bieber and Usher of copying parts of a song written by two Virginia songwriters. In a unanimous ruling on Thursday, a three-judge panel said a jury should decide whether Somebody to Love, performed by the two stars, is similar to a song of the same name by Devin Copeland and Maerio Overton. A judge in Norfolk, Virginia, dismissed the complaint last year, saying the two versions differed significantly in tone and lyrical content. The appeals court acknowledged the differences, but said the choruses are similar enough that a reasonable jury might find in favour of the songwriters. – AP
Radio listeners unhappy over Kardashian
Hundreds of angry listeners have complained to America's non-profit broadcaster National Public Radio about an appearance by Kim Kardashian on the humorous quiz show Wait Wait ... Don't Tell Me! Kardashian took part in a segment called Not My Job, in which she answered questions about North Korean leader Kim Jong Un. She answered two of three questions correctly. But many listeners were outraged that she had been invited onto the Chicago-based show. Some have threatened to stop donating to NPR. On NPR's website, ombudsman Elizabeth Jenson seemed bemused by the outrage over Kardashian's 11-minute appearance. She said that while the reality-TV star wasn't a great guest, "she was gracious" and had a couple of funny lines. – AP
Joan Rivers’s daughter to host Fashion Police
Melissa Rivers is taking her late mother Joan’s role as co-host of the TV series Fashion Police. The E! channel said she would join Giuliana Rancic and Brad Goreski when the celebrity fashion-critique series returns during the summer. She will also continue to serve as executive producer. E! channel executive Jeff Olde said that, as one of the show’s original producers, Melissa Rivers had helped create its blend of fashion and comedy. Her mother died last September at the age of 81 after suffering complications during minor throat surgery. Kathy Griffin joined Fashion Place as co-host this year but quit after seven episodes, saying it didn’t fit with her kind of comedy. The show has been on hiatus since. It will return for six episodes from August 31. – AP
The ’Burbs actor dies at 62
Actor and comedian Rick Ducommun, best-known for his role in the 1989 film The 'Burbs, has died. He was 62. Peter Ducommun said on Thursday that his brother died on June 12 at a hospital in Vancouver, British Columbia, hospital after suffering from complications due to diabetes. After The 'Burbs which became a cult classic, Ducommun appeared in Gremlins 2: The New Batch, the Bill Murray hit Groundhog Day and Ghost in the Machine. Born in Prince Albert, Saskatchewan, his brother said the actor spent the last few years in Vancouver and stepped away from showbiz after having a family. He is survived by his four children and ex-wife. – AP
Our legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
THE BIO
Favourite place to go to in the UAE: The desert sand dunes, just after some rain
Who inspires you: Anybody with new and smart ideas, challenging questions, an open mind and a positive attitude
Where would you like to retire: Most probably in my home country, Hungary, but with frequent returns to the UAE
Favorite book: A book by Transilvanian author, Albert Wass, entitled ‘Sword and Reap’ (Kard es Kasza) - not really known internationally
Favourite subjects in school: Mathematics and science
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
MATCH INFO
Hoffenheim v Liverpool
Uefa Champions League play-off, first leg
Location: Rhein-Neckar-Arena, Sinsheim
Kick-off: Tuesday, 10.45pm (UAE)
MORE ON TURKEY'S SYRIA OFFENCE
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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.”
Who has been sanctioned?
Daniella Weiss and Nachala
Described as 'the grandmother of the settler movement', she has encouraged the expansion of settlements for decades. The 79 year old leads radical settler movement Nachala, whose aim is for Israel to annex Gaza and the occupied West Bank, where it helps settlers built outposts.
Harel Libi & Libi Construction and Infrastructure
Libi has been involved in threatening and perpetuating acts of aggression and violence against Palestinians. His firm has provided logistical and financial support for the establishment of illegal outposts.
Zohar Sabah
Runs a settler outpost named Zohar’s Farm and has previously faced charges of violence against Palestinians. He was indicted by Israel’s State Attorney’s Office in September for allegedly participating in a violent attack against Palestinians and activists in the West Bank village of Muarrajat.
Coco’s Farm and Neria’s Farm
These are illegal outposts in the West Bank, which are at the vanguard of the settler movement. According to the UK, they are associated with people who have been involved in enabling, inciting, promoting or providing support for activities that amount to “serious abuse”.
Thanksgiving meals to try
World Cut Steakhouse, Habtoor Palace Hotel, Dubai. On Thursday evening, head chef Diego Solis will be serving a high-end sounding four-course meal that features chestnut veloute with smoked duck breast, turkey roulade accompanied by winter vegetables and foie gras and pecan pie, cranberry compote and popcorn ice cream.
Jones the Grocer, various locations across the UAE. Jones’s take-home holiday menu delivers on the favourites: whole roast turkeys, an array of accompaniments (duck fat roast potatoes, sausages wrapped in beef bacon, honey-glazed parsnips and carrots) and more, as well as festive food platters, canapes and both apple and pumpkin pies.
Ruth’s Chris Steakhouse, The Address Hotel, Dubai. This New Orleans-style restaurant is keen to take the stress out of entertaining, so until December 25 you can order a full seasonal meal from its Takeaway Turkey Feast menu, which features turkey, homemade gravy and a selection of sides – think green beans with almond flakes, roasted Brussels sprouts, sweet potato casserole and bread stuffing – to pick up and eat at home.
The Mattar Farm Kitchen, Dubai. From now until Christmas, Hattem Mattar and his team will be producing game- changing smoked turkeys that you can enjoy at home over the festive period.
Nolu’s, The Galleria Mall, Maryah Island Abu Dhabi. With much of the menu focused on a California inspired “farm to table” approach (with Afghani influence), it only seems right that Nolu’s will be serving their take on the Thanksgiving spread, with a brunch at the Downtown location from 12pm to 4pm on Friday.
NO OTHER LAND
Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
Stars: Basel Adra, Yuval Abraham
Rating: 3.5/5