The Nickelodeon Kids' Choice Awards are open for voting – and this year regional viewers can vote for their favourite Arab act alongside traditional categories including favourite film, actor and book. The nominees in the Middle Eastern category are Palestinian Arab Idol winner Mohammed Assaf, pop star Hala Al Turk, boyband The 5 and X Factor winner Hamza Hawsawi. The regional celebrities join international stars including Chris Hemsworth, Scarlett Johanssen and Ed Sheeran on the full list of this year's nominees. Visit kca.nickelodeonarabia.com for more details. – The National staff
Lady Gaga to perform Bowie Tribute
Lady Gaga will honour the late David Bowie during the Grammy Awards this month. She will perform a "multi-sensory tribute" to Bowie at the February 15 ceremony in Los Angeles, organisers said. Bowie died last month after a cancer battle, only days after releasing a new album. Lady Gaga is one of many contemporary stars who acknowledge Bowie's influence on their work. Despite the wide respect for him in the music world, the British artist won only one Grammy during his half-century career, for a video. Nile Rodgers, who worked with Bowie on the 1983 hit Let's Dance, will be the musical director for Gaga's tribute. This year's Grammys, the biggest night in the American music industry, will also feature performances by British singer Adele, as well as award nominees including rapper Kendrick Lamar, who is the lead nominee, with 11. – AP/AFP
Badminton ace reveals dream star for biopic
Bollywood star Deepika Padukone has found a fan in ace Indian badminton player, Saina Nehwal. Both were at the NDTV Indian Of The Year Awards, where Nehwal said she would like Padukone to play her in an upcoming film about her life, as she has seen the actress play badminton and thinks she is "adept at the sport". Padukone said she'd love to play the 25-year-old, who is ranked No 1 in the world and won a bronze medal at the 2012 Olympics in London. "Anything for the love of sport and especially for badminton," said the actress. The movie will be directed by Amol Gupte, of Taare Zameen Par fame. Padukone is the daughter of internationally-acclaimed badminton player Prakash Padukone, and was a national-level player before focusing on modelling and acting. – The National staff
James Corden to host the Tony Awards
This year's Tony Awards will be hosted by actor and chat-show host James Corden. The presenter of CBS's The Late Late Show will make his debut as the emcee at the Beacon Theatre in New York City on June 12. The British star has appeared on Broadway twice, winning a Best Leading Actor Tony in 2012 for the play One Man, Two Guvnors. Corden said: "I'm absolutely thrilled to be hosting the Tony Awards. Both times I've worked on Broadway have been among the happiest times of my professional life. I consider it a huge honour to be asked to host such an incredible night." – AP
Acclaimed Pakistani author dead at 92
Pakistani author Intizar Hussain, widely recognised as one of the greatest Urdu writers of all time, died on Tuesday at the age of 92 in the eastern city of Lahore. He had been ill for some time. Hussain was known for his novels, short stories, columns and poetry, and belatedly received worldwide recognition when he was shortlisted for the Man Booker International Prize in 2013. He was awarded France's Ordre des Arts et des Lettres a year later. Fellow Urdu writer Munnu Bhai said: "Intizar Hussain was a man of letters. His death has left a huge gap in the literary circle of the subcontinent that would be felt of the centuries to come." Hussain's wife, Aliya Begum, died in 2004. The couple had no children. – AFP
Clive Owen on Berlin film fest jury
British actor Clive Owen and French-born fashion photographer Brigitte Lacombe will serve on the seven-member prize jury at this month's Berlin film festival, chaired by Meryl Streep. The 66th annual Berlinale, as the event is known, will kick off next Thursday with a screening of Joel and Ethan Coen's Hail, Caesar!, a send-up of Hollywood's Golden Age, starring George Clooney. The competition among 18 international productions will start the following day and the panel – led by three-time Oscar winner Streep, whose appointment was previously announced – will select the winners of the Golden and Silver Bear top prizes on February 20. Among the most keenly awaited premieres this year are Alone in Berlin, an adaptation of the Nazi-era international bestseller starring Emma Thompson and Brendan Gleeson, and Genius, a British-US biopic starring Colin Firth as literary editor Max Perkins, also starring Jude Law, Nicole Kidman, Dominic West and Guy Pearce. – AFP
Def Leppard postpones 10 shows
Heavy-metal veterans Def Leppard have postponed the rest of their world tour as frontman Joe Elliott struggles with his voice. The British band, which has been touring since April last year, said it was postponing the final 10 concerts. The dates are all in the United States, where the tour was scheduled to end on February 17. The band also called off two shows last week. Def Leppard said it was “due to illness” and the shows would be rescheduled, but did not say when. Drummer Rick Allen said on Twitter that 56-year-old Elliott was straining his voice. He wrote: “The doctor basically said that if Joe continues to sing without resting his throat for a month he might do permanent damage.” – AFP
DIVINE%20INTERVENTOIN
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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.”
The Perfect Couple
Starring: Nicole Kidman, Liev Schreiber, Jack Reynor
Creator: Jenna Lamia
Rating: 3/5
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ACL Elite (West) - fixtures
Monday, Sept 30
Al Sadd v Esteghlal (8pm)
Persepolis v Pakhtakor (8pm)
Al Wasl v Al Ahli (8pm)
Al Nassr v Al Rayyan (10pm)
Tuesday, Oct 1
Al Hilal v Al Shorta (10pm)
Al Gharafa v Al Ain (10pm)
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
The specs
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
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COMPANY PROFILE
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
Meydan race card
6.30pm: Maiden Dh 165,000 1,600m
7.05pm: Handicap Dh 185,000 2,000m
7.40pm: Maiden Dh 165,000 1,600m
8.15pm: Handicap Dh 190,000 1,400m
8.50pm: Handicap Dh 175,000 1,600m
9.25pm: Handicap Dh 175,000 1,200m
10pm: Handicap Dh 165,000 1,600m
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Why your domicile status is important
Your UK residence status is assessed using the statutory residence test. While your residence status – ie where you live - is assessed every year, your domicile status is assessed over your lifetime.
Your domicile of origin generally comes from your parents and if your parents were not married, then it is decided by your father. Your domicile is generally the country your father considered his permanent home when you were born.
UK residents who have their permanent home ("domicile") outside the UK may not have to pay UK tax on foreign income. For example, they do not pay tax on foreign income or gains if they are less than £2,000 in the tax year and do not transfer that gain to a UK bank account.
A UK-domiciled person, however, is liable for UK tax on their worldwide income and gains when they are resident in the UK.
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Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.