Ally Sheedy is currently starring in the director Slava Tsukerman's art house film Perestroika.
Ally Sheedy is currently starring in the director Slava Tsukerman's art house film Perestroika.
Ally Sheedy is currently starring in the director Slava Tsukerman's art house film Perestroika.
Ally Sheedy is currently starring in the director Slava Tsukerman's art house film Perestroika.

Under the radar


  • English
  • Arabic

Half the fun of meeting an actor in person is seeing how different they are from their on-screen presence. When the lights aren't shining from above, cheek bones are no longer razor sharp. Height diminishes and personalities fall back into everyday proportions. The same goes for "meeting" via the phone.

The cult New York actress Ally Sheedy's (The Breakfast Club) voicemail message is an everyday recording about herself and her daughter, Rebecca Elizabeth, not being home. It sounds far too homely for an actress who, not so long ago, was a suitably unruly member of The Brat Pack, the hip group of upcoming 1980s actors that included Molly Ringwald and Demi Moore. After the voicemail picks up several times, Sheedy answers. "I'm totally sorry. I thought we said 2.30," she says. Her apologetic voice rings in at a higher pitch than one might imagine for an actress with such depth. It reminds me of her most raved-about performance as an erstwhile photographer in the acclaimed independent film High Art.

Altogether, Sheedy sounds far too normal for someone whose life, as it has so often been written, has many parallels with her High Art character, Lucy Berliner. "This may sound funny," Sheedy says, "but let me give you my cell phone number just in case the battery dies on this phone." Her landline holds out long enough for her to talk through her colourful biography. From the ages of six to 12, she danced with the American Ballet Theater; at 12, she became a best-selling author with the children's book She Was Nice to Mice, and by 20-something she had embedded herself into Hollywood culture with a slew of 1980s teen movies.

She made her big-screen debut with Sean Penn in the 1983 film Bad Boys before co-starring with the A-Z of Hollywood actors, including Matthew Broderick in War Games, Rob Lowe in Oxford Blues, and Gene Hackman in Twice in a Lifetime. Then, several years later, she famously walked away from Hollywood altogether. "I wanted to change things over and go in the direction I went in," she says. "The independent film world was just getting established. I didn't know how I was going to find the types of parts I wanted to play, and indies are hit or miss. But I never would have got to play as many types of roles as I have, had I stayed there. I was being characterised as the girl next door."

Since then, her career has been a quirky, under-the-radar ride through the back alleys of off-Broadway and her native Manhattan's independent film scene. "I love doing offbeat films," she says. Last year, Sheedy co-starred with Cuba Gooding Jr in T Sean Shannon's film Harold, which played on a handful of screens in New York. She can currently be seen in the New York art-house circuit film Perestroika, the director Slava Tsukerman's story about Jewish emigration from Russia. Sheedy plays a frustrated astrophysicist whose career is shelved when her husband (Sam Robards) takes flight.

Although such independent projects have often obscured her from public view, her upcoming performances look set to give her a higher profile once again, which may not be unwelcome. "I would love to do a mainstream film again," she says. Currently in Los Angeles to play the title character in the Hallmark television movie Citizen Jane, which is based on a much-reported true story about Jane Alexander, a woman who became an amateur detective in her later years, Sheedy recently completed Forgiveness, the sequel to Todd Solondz's Happiness.

Both Forgiveness and Perestroika touch upon the Middle East. In Forgiveness, Sheedy plays a Jewish woman for whom personal issues become confused with the Middle Eastern politics. Perestroika, meanwhile, follows the emigration of Jews from Russia to America. Sheedy auditioned for Forgiveness two-and-a-half years before production started. "I loved meeting Todd and auditioning," she says. "I didn't hear anything for two years. Perestroika happened in between, then I was in New Orleans to make Welcome to the Rileys. I got off the plane to do the movie and Todd called and said: 'Turn around to San Juan.'" (The Welcome to the Rileys story is personal rather than political. Sheedy plays alongside James Gandolfini and Kristen Stewart in the story about a grieving young couple who drift apart after the death of their daughter.)

The story of Perestroika resonated with Sheedy, as she comes from a Jewish family that emigrated from Eastern Europe. "Both of my dad's and my mum's families were peasants who survived the famine. Both families came to the US to escape oppression and gain hope. America was not the land of milk and honey. Both sides were totally wiped out." The political strand that runs through her current crop of films is not something that Sheedy sees as coincidental. "I think that a lot of the films that are going to come out now are going to be political," she says. "People tell me that I am wrong and that because of the economy people will want to see upbeat themes. But I think you will see a lot about war."

Sheedy says she looks for something to identify with in any character. "The parts that are interesting to me are women that have created their own world, for better or worse," she says. "I look at characters and movies as being broader than one culture or one way of life," she says. "There is something that is universal in people. Even if I find her reprehensible, the thing that bothers me and intrigues me about the character in Forgiveness is that she has appropriated a real history for herself. It is her understanding as an American of the situation in the Middle East that leads her to take on a role in this huge conflict."

At home, Sheedy has found her own way to keep it real. "My daughter has grounded me," she says of her child from her marriage to the actor David Lansbury. "If I didn't have her it would be much harder when I'm not working. I'm going on Sunday to work in California. Sometimes it will be a week. Sometimes it is for three weeks. I throw myself into it. She loves her dad. I meet a million people and have a great time then come back and it is all fresh again."

Sheedy rarely sees her Brat Pack friends of old - "It was like leaving college and everyone just went their separate ways," she says - but she does have a close circle of friends that form a big part of her life. She is also active in various charities, and has been known to give the odd talk at her daughter's school. Still, she tries to make sure that she creates a structured upbringing for Rebecca Elizabeth.

"When my daughter is with me, we get up and take care of everything. I go to walk the dog - normal stuff," Sheedy says. "I do all the things to keep myself in shape, like therapy. Then I get home in time to be there after school and look after my daughter."

How will Gen Alpha invest?

Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.

“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.

Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.

He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.

Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

The biog

Favourite book: Animal Farm by George Orwell

Favourite music: Classical

Hobbies: Reading and writing

 

The specs

Engine: 2.0-litre 4-cyl, 48V hybrid

Transmission: eight-speed automatic

Power: 325bhp

Torque: 450Nm

Price: Dh359,000

On sale: now 

The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

U19 WORLD CUP, WEST INDIES

UAE group fixtures (all in St Kitts)

  • Saturday 15 January: UAE beat Canada by 49 runs 
  • Thursday 20 January: v England 
  • Saturday 22 January: v Bangladesh 

UAE squad:

Alishan Sharafu (captain), Shival Bawa, Jash Giyanani, Sailles
Jaishankar, Nilansh Keswani, Aayan Khan, Punya Mehra, Ali Naseer, Ronak Panoly,
Dhruv Parashar, Vinayak Raghavan, Soorya Sathish, Aryansh Sharma, Adithya
Shetty, Kai Smith  

In-demand jobs and monthly salaries
  • Technology expert in robotics and automation: Dh20,000 to Dh40,000 
  • Energy engineer: Dh25,000 to Dh30,000 
  • Production engineer: Dh30,000 to Dh40,000 
  • Data-driven supply chain management professional: Dh30,000 to Dh50,000 
  • HR leader: Dh40,000 to Dh60,000 
  • Engineering leader: Dh30,000 to Dh55,000 
  • Project manager: Dh55,000 to Dh65,000 
  • Senior reservoir engineer: Dh40,000 to Dh55,000 
  • Senior drilling engineer: Dh38,000 to Dh46,000 
  • Senior process engineer: Dh28,000 to Dh38,000 
  • Senior maintenance engineer: Dh22,000 to Dh34,000 
  • Field engineer: Dh6,500 to Dh7,500
  • Field supervisor: Dh9,000 to Dh12,000
  • Field operator: Dh5,000 to Dh7,000
Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer