Matt Damon, left, and Anthony Mackie in The Adjustment Bureau.
Matt Damon, left, and Anthony Mackie in The Adjustment Bureau.

The Adjustment Bureau



The Adjustment Bureau
Director: George Nolfi
Starring: Matt Damon, Emily Blunt, Anthony Mackie

Like Inception without the eye-gouging special effects, or like The Matrix without the balletic ultraviolence, The Adjustment Bureau is a quietly provocative sci-fi film that's all narrative brain and, thankfully, very little blockbuster brawn. And don't let the romantic pitch-line fool you - this story of two star-crossed lovers battling the forces of immutable fate in modern-day Manhattan is mere window dressing for a film that's as much about the head as it is the heart.

Here, in a loose and liberal adaptation of a short story from Philip K Dick (the same source for Blade Runner, Total Recall and Minority Report), the debut director and screenwriter George Nolfi (The Bourne Ultimatum) essays the busy life of David Norris (Damon), a New York senator with presidential ambitions. When he has a chance encounter with a charismatic dancer called Elise (Blunt) – the pair boast effortless chemistry – he is distracted from his life's mission and will seemingly do anything, and alter his own destiny, just to be with her. Enter the eponymous bureau, an army of previously invisible white-collar henchmen who wear fedoras and natty suits, and carry leather-bound log books that pre-ordain the course of all human life, which they enforce at every turn.

The bureau, in the shape of agents Mitchell (Mackie) and Richardson (Mad Men's John Slattery), inform Norris that he must abandon Elise for the sake of his career, and that the intoxicating love they feel together was never part of the universal plan, and thus must not continue.

Naturally, Damon's Norris, as only Damon characters can, follows his gut instincts and thus begins a seemingly impossible game of cat and mouse with the highest powers in the cosmos. In this, in what is an ingenious and refreshing piece of anti-action cinema, the bureau uses no special effects, no bendy buildings, no lasers, no guns or bombs at all. They merely stand in front of Damon at inconvenient times (on the way to a speech) and ask him politely to abandon his romance.

Of course, this is all the tip of a tricky conceptual iceberg in which The Adjustment Bureau movie itself serves as a satire of corporate America, where every decision - from eating and drinking to falling in love - needs to be cleared first with management, or the "suits upstairs". Scratch the surface, and it gets stranger still. For the film, at its base level, seems to be about pressures and anxieties that define the filmmaking experience itself. Here, Mitchell and Richardson are celestial script supervisors who are shaping the story of Norris's life, even as it unfolds. When they meet him, they do so in large, empty soundstages. And when things get tricky, they bring in the project supervisor from upstairs (aka the director), called Thompson and played by Terence Stamp.

It goes on like this throughout, and deeper still, into religion and fate, and free will itself. It ends, though, with an underwhelming sigh, as if the effort it took to get us there had drained the filmmakers of closing ideas. But ultimately, Damon and Blunt's easy chemistry smoothes over the wrinkles, while the prospect of Hollywood cinema going clever again remains a cheery one indeed.

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
MISSION: IMPOSSIBLE – FINAL RECKONING

Director: Christopher McQuarrie

Starring: Tom Cruise, Hayley Atwell, Simon Pegg

Rating: 4/5

UAE v Ireland

1st ODI, UAE win by 6 wickets

2nd ODI, January 12

3rd ODI, January 14

4th ODI, January 16

The Perfect Couple

Starring: Nicole Kidman, Liev Schreiber, Jack Reynor

Creator: Jenna Lamia

Rating: 3/5

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.”

Asia Cup 2018 Qualifier

Sunday's results:

  • UAE beat Malaysia by eight wickets
  • Nepal beat Singapore by four wickets
  • Oman v Hong Kong, no result

Tuesday fixtures:

  • Malaysia v Singapore
  • UAE v Oman
  • Nepal v Hong Kong
Company Profile

Founders: Tamara Hachem and Yazid Erman
Based: Dubai
Launched: September 2019
Sector: health technology
Stage: seed
Investors: Oman Technology Fund, angel investor and grants from Sharjah's Sheraa and Ma'an Abu Dhabi

House-hunting

Top 10 locations for inquiries from US house hunters, according to Rightmove

  1. Edinburgh, Scotland 
  2. Westminster, London 
  3. Camden, London 
  4. Glasgow, Scotland 
  5. Islington, London 
  6. Kensington and Chelsea, London 
  7. Highlands, Scotland 
  8. Argyll and Bute, Scotland 
  9. Fife, Scotland 
  10. Tower Hamlets, London