A scene from Murk Light, a short Emirati movie directed by the Iraqi filmmaker Yasir Al Yasiri. Courtesy twofour54.
A scene from Murk Light, a short Emirati movie directed by the Iraqi filmmaker Yasir Al Yasiri. Courtesy twofour54.
A scene from Murk Light, a short Emirati movie directed by the Iraqi filmmaker Yasir Al Yasiri. Courtesy twofour54.
A scene from Murk Light, a short Emirati movie directed by the Iraqi filmmaker Yasir Al Yasiri. Courtesy twofour54.

twofour54 Emirati film heads to Tribeca film festival


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Emirati film heads to Tribeca Film Festival

Next month's Tribeca Film Festival (the original in New York, not the Doha version) will feature a short Emirati film produced by twofour54 and directed by the UAE-based Iraqi filmmaker Yasir Al Yasiri. Murk Light, a 20-minute film, premiered at last year's Abu Dhabi Film Festival and won the first prize for Short Narrative Competition and Best Cinematography. It was selected to feature among Tribeca's 60 shorts from more than 2,800 submissions. The film that eventually goes on to win the festival's Best Narrative Short award will qualify for consideration in the Short Film category at the Oscars. – Alex Ritman

Spielberg wants to remake Hollywood film in India

Steven Spielberg was in India this week and made an appearance on the television programme Walk the Talk, hosted by The Indian Express' editor Shekhar Gupta. On the show, Spielberg said he's interested in remaking a Hollywood movie in India: "An experiment I'd like to conduct someday is to take a movie made in America and remake it in India. We'd take an Indian director and a screenwriter and adapt it with an entire Indian cast." He said he's also interested in telling the story of Martin Luther King, as well as a film about the future of computer technology. Asked about his creative process, Spielberg said: "I don't design a film around a megastar – the script is the most important thing for me. It's more important to put forth the story than who stars in it. I had a great story about Abraham Lincoln that may have never been made without the performance of Daniel Day Lewis. But a really great story should be good enough," he said. – IANS

Shekhar Suman’s directorial debut filmed in Dubai and Mumbai

The actor and television host Shekhar Suman has turned director with his debut film Heartless, which was shot in Dubai and Mumbai. "The shooting is finished and post-production has started in full swing," said a production statement. Heartless is a thriller about a mother caring for her son who needs a heart transplant. The film stars Deepti Naval, Om Puri and Shekhar's actor son Adhyayan. Suman says the film is a tribute to his late son Aayush, who passed away from congenital heart disease. – IANS

R?P Patnaik says he is a composer at heart

He may have become a filmmaker but R?P Patnaik says he still thinks of himself as a musician. "I started my career as a music composer and, therefore, I can never stop being one at heart. I have stopped composing music for other films but I still compose for my own films," Patnaik said in an interview. In a career spanning more than a decade, he has composed music for more than 50 southern Indian films, including Nuvvu Nenu (2001), Jayam (2003) and Manasantha Nuvve (2001). His latest venture is the horror thriller Thulasidhalam, which is currently in post-production. – IANS

The Library: A Catalogue of Wonders
Stuart Kells, Counterpoint Press

Gothia Cup 2025

4,872 matches 

1,942 teams

116 pitches

76 nations

26 UAE teams

15 Lebanese teams

2 Kuwaiti teams

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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.”

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HIJRA

Starring: Lamar Faden, Khairiah Nathmy, Nawaf Al-Dhufairy

Director: Shahad Ameen

Rating: 3/5

Results:

5pm: Maiden (PA) | Dh80,000 | 1,200 metres

Winner: Jabalini, Szczepan Mazur (jockey), Younis Kalbani (trainer)

5.30pm: UAE Arabian Derby (PA) | Prestige | Dh150,000 | 2,200m

Winner: Octave, Gerald Avranche, Abdallah Al Hammadi

6pm: Arabian Triple Crown Round 3 (PA) | Group 3 Dh300,000 | 2,200m

Winner: Harrab, Richard Mullen, Mohamed Ali

6.30pm: Emirates Championship (PA) | Group 1 | Dh1million | 2,200m

Winner: BF Mughader, Szczepan Mazur, Younis Al Kalbani

7pm: Abu Dhabi Championship (TB) | Group 3 | Dh380,000 | 2,200m

Winner: GM Hopkins, Patrick Cosgrave, Jaber Ramadhan

7.30pm: Wathba Stallions Cup (PA) | Conditions | Dh70,000 | 1,600m

Winner: AF La’Asae, Tadhg O’Shea, Ernst Oertel

A cryptocurrency primer for beginners

Cryptocurrency Investing  for Dummies – by Kiana Danial 

There are several primers for investing in cryptocurrencies available online, including e-books written by people whose credentials fall apart on the second page of your preferred search engine. 

Ms Danial is a finance coach and former currency analyst who writes for Nasdaq. Her broad-strokes primer (2019) breaks down investing in cryptocurrency into baby steps, while explaining the terms and technologies involved.

Although cryptocurrencies are a fast evolving world, this  book offers a good insight into the game as well as providing some basic tips, strategies and warning signs.

Begin your cryptocurrency journey here. 

Available at Magrudy’s , Dh104 

Tewellah by Nawal Zoghbi is out now.

What vitamins do we know are beneficial for living in the UAE

Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.

What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

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Abu Dhabi traffic facts

Drivers in Abu Dhabi spend 10 per cent longer in congested conditions than they would on a free-flowing road

The highest volume of traffic on the roads is found between 7am and 8am on a Sunday.

Travelling before 7am on a Sunday could save up to four hours per year on a 30-minute commute.

The day was the least congestion in Abu Dhabi in 2019 was Tuesday, August 13.

The highest levels of traffic were found on Sunday, November 10.

Drivers in Abu Dhabi lost 41 hours spent in traffic jams in rush hour during 2019

 

UAE currency: the story behind the money in your pockets
About Takalam

Date started: early 2020

Founders: Khawla Hammad and Inas Abu Shashieh

Based: Abu Dhabi

Sector: HealthTech and wellness

Number of staff: 4

Funding to date: Bootstrapped