The actor Michael Douglas accepted a Dh7 million donation on behalf of the Free the Children charity in Dubai last week.
The actor Michael Douglas accepted a Dh7 million donation on behalf of the Free the Children charity in Dubai last week.

'We are giving hope'



"With any luck I'll have the good fortune to be able to give something back but that is yet to be defined." The words are those of the actor Michael Douglas, expressed in a rare and revealing interview in a niche magazine for cigar lovers. A perceptive interviewer caught him in reflective mood, between marriages, after a painful divorce, trying to make sense of his life, probably thinking out loud and putting down markers. The year was 1998, when he won a lifetime achievement award at the Golden Globes. Yet he had hardly begun. His portrayal of Gordon Gekko in Wall Street was already a decade in the past, alongside the swashbuckling hero of Romancing the Stone, Jack Colton. But the darker, edgier roles were yet to come. Ten years later it is clear that his words came from the heart. A more mature, thoughtful and socially committed person than had previously been revealed was beginning to emerge and the days of the heartthrob screen Lothario were numbered. In tandem with a movie career that has more than matched that of his legendary father, Kirk, Michael has carved out a niche as a committed lobbyist and campaigner in the field of nuclear disarmament, sharing the podium with world leaders such as Bill Clinton. And last week he travelled to Dubai with his wife, the actress Catherine Zeta-Jones, to accept a Dh7 million donation from the property giant Nakheel on behalf of the Free the Children charity. The money is to be spent on water sanitation projects in Third World countries. It was a conspicuous effort from a busy man whose movies have provided the backdrop for the lives of the baby boomer generation. He transitioned from "son of Kirk" in the television series The Streets of San Francisco, into high adventure romps with Kathleen Turner via the soppy but wonderful A Chorus Line, and to the darker days of Fatal Attraction (where boomers forgave him his infidelity with the Glen Close character), and on to the difficult, politically correct Disclosure. Boomers fell in love with him again as The American President, hated and feared him in The Perfect Murder and allowed him to squeeze ­every ounce of compassion out of their hearts as he tried to save his addict daughter in Traffic. They even believed he was the King of California, despite knowing he was fresh out of a mental institution. Michael Douglas just sweeps viewers along. Every time they think they have him pegged he changes direction, puts on 13kg and turns up looking like he just fell out of bed, like in Wonder Boys. He is fearless about his choices of roles. I first met him in 1989 at the Berlin Film Festival, where he was promoting the tragicomedy The War of the Roses. In those days, he appeared sleek, arrogant and self-aware. He had been voted the World's Sexiest Man and appeared to believe his own publicity. And why wouldn't he? I asked him what he thought when he looked at himself in his shaving mirror in the morning. Before he could answer, his co-star and cigar-smoking chum Danny deVito butted in: "Boy oh boy, are you going to be all right this evening." Douglas just grinned his wolfish grin. Nearly 20 years later in the conference room of the Atlantis Hotel in Dubai, an entirely different person stood up politely to greet me. "Hello, I'm Michael Douglas," he said, as if one of the most famous faces in the movie world needed an introduction. The handshake was firm, the expression friendly and direct, and the distinctively dimpled chin no less impressive close up. He must have shed about 15kg since I last saw him. If he has had a nip and tuck around the eyes, as has been suggested in the press, his surgeon is a genius. Douglas is 64 but doesn't look it. Casually dressed in an open-necked shirt and slimline trousers, he is smaller and more slender in real life than he is on the screen, but the steady aquamarine stare has the same potency. It just seems less random, more focused. When his face breaks into a smile, the magic that has bewitched several generations of female fans is still in evidence. He's been through the mill in many ways. His personal life and divorce from his first wife, Diandra, was publicly dissected amid stories about sexual addiction. Yet Douglas managed to get through it all, remaining friends with Diandra and subsequently meeting, falling in love with and marrying the Welsh-born Zeta-Jones. A United Nations Messenger of Peace, he is deeply impressed by the young man from Toronto, Canada, he was here to support. Craig Kielberger was just 12 years old when he founded Free the Children after reading the heart-rending story of a Pakistani boy called Iqbar who was sold by his father to a carpet weaver at the age of four and shot dead at 12 when he told his story to the press. Kielberger was only 18 when he approached Douglas at a Nuclear Age Peace Foundation conference in Santa Barbara to enlist the actor's support. There was something about the young man's intensity and commitment that intrigued Douglas. "I'm a big fan of Craig's. It's a phenomenal story. He started this charity when he was 12 and now he's an old man of 24. His contagious spirit, energy and organisational skills are incredible. I've read his book and followed his story with great interest. What is unique is that this is all about children helping other children. More than 50 per cent of their contributions are from children. When I first met Craig he was going through a bit of a chaotic time and there was a degree of intensity about him. My focus was more on disarmament but there was a bit of a crossover in Sierra Leone on Freetown post conflict work with young soldiers." Douglas travelled to the Kono district of Sierra Leone in 2003 to make a documentary about child soldiers and learnt firsthand how something as simple as a supply of fresh water can change the lives of thousands of people. "Many diseases are spread through contaminated water and children in these countries often become too sick to go to school," he said. "This just isn't fair for any child. It's something we want to see stopped. Water is the lifeblood for these children. In helping to provide it, the charity also helps to improve education. When children, especially girls, don't have to make long walks to collect water they can go to school." Free the Children now operates in 45 countries and has attracted support from Queen Noor of Jordan, Constantine of Greece, Sir Richard Branson and Oprah Winfrey, who has featured the charity on her show six times. A portion of the donation received last week will be used to fund a trip for 40 school children from Dubai to visit Free the Children projects in Sri Lanka. "They will roll up their sleeves and work on the projects and when they come back here they will inspire others to become involved," Douglas said. "If you change a child's perspective you can change the world. We welcome the young people of the UAE into the charity with great pleasure. Together we will improve standards of living and break the cycle of poverty for thousands of families. More than just giving money, we are giving hope." He is aware of the power of celebrity to draw attention to a cause and says he is happy to lend his clout to Free the Children because he knows that if he turns up for a press conference, the television cameras and newspaper reporters will be there, too. "I'm in a unique situation because people do know me around the world and it allows me access and more press awareness." He sticks determinedly to his game plan to shine a light on the efforts of the teams of young Free the Children volunteers working on projects helping children around the world. "You've got your agenda, which is to write a profile of me, and I've got mine, which is to talk about this," he said good humouredly, deftly switching the focus when the conversation veered too close to the personal. He did, however, confirm that he and Zeta-Jones were bringing their children up to be as socially conscious as they are. The Douglases married in November, 2000, and have two children, Dylan, eight, and Carys, five. "We try and bring the children up as good citizens of the planet, yes. We are trying to bring them up that way and making them aware of their perspective. "We travel a fair amount and they know how fortunate they are. I don't think it's a question of guilt. It's a question of awareness." He was brought up in much the same way, and although his parents divorced when he was seven and he lived with his mother, the actress ­Diana Dill, they remained friends and took an active interest in helping the less fortunate. He says he inherited a strong social conscience from his parents. "I've been involved in philanthropy my whole life. I was fortunate enough to inherit that from my own family who were actively involved on both sides with so many different causes. My father was largely involved with the Motion Picture and Television Fund taking care of people in our industry who fall upon hard times. I'm not talking about actors, more construction people. My father has also fixed up 400 playgrounds in poor areas of Los Angeles. You do it when you can." When his father suffered a debilitating stroke in 1996, their bond became even stronger, and in December this year, Kirk will celebrate his 92nd birthday surrounded by his family. Since Douglas and Zeta-Jones ­arrived in Dubai they have managed to keep a low profile. "We've been out sightseeing. We hit the malls and, no, I'm not going to tell you what I bought but you can be sure that I will declare it. It's a joy for Catherine and I to be visiting here in this extraordinary city. You can't help but marvel at the dreams of Sheikh Mohammed and what has been accomplished. The construction is even more overwhelming than people had told us about, but you can't comprehend the scope and size of it all till you get here. We were taken on a great helicopter tour of the coast and you can really see the construction from the air. I'm fascinated by construction. It amazes me what can be accomplished when you think of how long projects in my own country can take. To see a metro spring to life in three years is extraordinary." Before flying back to their main home in Bermuda, the Douglases made sure that Craig Kielberger and Free the Children were the focus of attention, as he accepted the Dh7m cheque from Nakheel. He was right, of course. The media was there in force. Zeta-Jones, wearing a yellow and white summer dress and fashionably vertiginous opened-toed heels, looked ravishing. She is every bit the superstar, with hardly any make-up and flashing her full beam smile. "And does she look like that first thing in the morning?" I ask ­Douglas quietly. For once he allows himself to be diverted. "Yes she does," he smiles.

pkennedy@thenational.ae

Quick pearls of wisdom

Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”

Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.” 

COMPANY%20PROFILE%20
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3EAlmouneer%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202017%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Dr%20Noha%20Khater%20and%20Rania%20Kadry%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EEgypt%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%20%3C%2Fstrong%3E120%3Cbr%3E%3Cstrong%3EInvestment%3A%20%3C%2Fstrong%3EBootstrapped%2C%20with%20support%20from%20Insead%20and%20Egyptian%20government%2C%20seed%20round%20of%20%3Cbr%3E%243.6%20million%20led%20by%20Global%20Ventures%3Cbr%3E%3C%2Fp%3E%0A
Kanguva
Director: Siva
Stars: Suriya, Bobby Deol, Disha Patani, Yogi Babu, Redin Kingsley
Rating: 2/5
 
Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
Rating: 4/5
The specs

Engine: 3.8-litre V6

Power: 295hp at 6,000rpm

Torque: 355Nm at 5,200rpm

Transmission: 8-speed auto

Fuel consumption: 10.7L/100km

Price: Dh179,999-plus

On sale: now 

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%3A%3C%2Fstrong%3E%20Eco%20Way%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20December%202023%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Ivan%20Kroshnyi%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%2C%20UAE%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Electric%20vehicles%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Bootstrapped%20with%20undisclosed%20funding.%20Looking%20to%20raise%20funds%20from%20outside%3Cbr%3E%3C%2Fp%3E%0A
COMPANY PROFILE
Name: Airev
Started: September 2023
Founder: Muhammad Khalid
Based: Abu Dhabi
Sector: Generative AI
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
 
Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

Key changes

Commission caps

For life insurance products with a savings component, Peter Hodgins of Clyde & Co said different caps apply to the saving and protection elements:

• For the saving component, a cap of 4.5 per cent of the annualised premium per year (which may not exceed 90 per cent of the annualised premium over the policy term). 

• On the protection component, there is a cap  of 10 per cent of the annualised premium per year (which may not exceed 160 per cent of the annualised premium over the policy term).

• Indemnity commission, the amount of commission that can be advanced to a product salesperson, can be 50 per cent of the annualised premium for the first year or 50 per cent of the total commissions on the policy calculated. 

• The remaining commission after deduction of the indemnity commission is paid equally over the premium payment term.

• For pure protection products, which only offer a life insurance component, the maximum commission will be 10 per cent of the annualised premium multiplied by the length of the policy in years.

Disclosure

Customers must now be provided with a full illustration of the product they are buying to ensure they understand the potential returns on savings products as well as the effects of any charges. There is also a “free-look” period of 30 days, where insurers must provide a full refund if the buyer wishes to cancel the policy.

“The illustration should provide for at least two scenarios to illustrate the performance of the product,” said Mr Hodgins. “All illustrations are required to be signed by the customer.”

Another illustration must outline surrender charges to ensure they understand the costs of exiting a fixed-term product early.

Illustrations must also be kept updatedand insurers must provide information on the top five investment funds available annually, including at least five years' performance data.

“This may be segregated based on the risk appetite of the customer (in which case, the top five funds for each segment must be provided),” said Mr Hodgins.

Product providers must also disclose the ratio of protection benefit to savings benefits. If a protection benefit ratio is less than 10 per cent "the product must carry a warning stating that it has limited or no protection benefit" Mr Hodgins added.

From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

If you go...

Flying
There is no simple way to get to Punta Arenas from the UAE, with flights from Dubai and Abu Dhabi requiring at least two connections to reach this part of Patagonia. Flights start from about Dh6,250.

Touring
Chile Nativo offers the amended Los Dientes trek with expert guides and porters who are met in Puerto Williams on Isla Navarino. The trip starts and ends in Punta Arenas and lasts for six days in total. Prices start from Dh8,795.

Messi at the Copa America

2007 – lost 3-0 to Brazil in the final

2011 – lost to Uruguay on penalties in the quarter-finals

2015 – lost to Chile on penalties in the final

2016 – lost to Chile on penalties in the final

The%20Caine%20Mutiny%20Court-Martial%20
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EWilliam%20Friedkin%3Cbr%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EKiefer%20Sutherland%2C%20Jason%20Clarke%2C%20Jake%20Lacy%3Cbr%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E3%2F5%3C%2Fp%3E%0A
Business Insights
  • As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses. 
  • SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income. 
  • Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
RESULTS

4pm: Al Bastakiya Listed US$250,000 (Dirt) 1,900m
Winner: Yulong Warrior, Richard Mullen (jockey), Satish Seemar (trainer)

4.35pm: Mahab Al Shimaal Group 3 $200,000 (D) 1,200m
Winner: Jordan Sport, Adrie de Vries, Fawzi Nass

5.10pm: Nad Al Sheba Conditions $200,000 (Turf) 1,200m
Winner: Jungle Cat, William Buick, Charlie Appleby

5.45pm: Burj Nahaar Group 3 $200,000 (D) 1,600m
Winner: Kimbear, Patrick Dobbs, Doug Watson

6.20pm: Jebel Hatta Group 1 $300,000 (T) 1,800m
Winner: Blair House, James Doyle, Charlie Appleby

6.55pm: Al Maktoum Challenge Round-3 Group 1 $400,000 (D) 2,000m
Winner: North America, Richard Mullen, Satish Seemar

7.30pm: Dubai City of Gold Group 2 $250,000 (T) 2,410m
Winner: Hawkbill, William Buick, Charlie Appleby.

Company%20profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Ogram%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2017%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Karim%20Kouatly%20and%20Shafiq%20Khartabil%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%2C%20UAE%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20On-demand%20staffing%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%2050%3Cbr%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3EMore%20than%20%244%20million%3Cbr%3E%3Cstrong%3EFunding%20round%3A%3C%2Fstrong%3E%20Series%20A%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EGlobal%20Ventures%2C%20Aditum%20and%20Oraseya%20Capital%3Cbr%3E%3C%2Fp%3E%0A
COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
Business Insights
  • Canada and Mexico are significant energy suppliers to the US, providing the majority of oil and natural gas imports
  • The introduction of tariffs could hinder the US's clean energy initiatives by raising input costs for materials like nickel
  • US domestic suppliers might benefit from higher prices, but overall oil consumption is expected to decrease due to elevated costs
2.0

Director: S Shankar

Producer: Lyca Productions; presented by Dharma Films

Cast: Rajnikanth, Akshay Kumar, Amy Jackson, Sudhanshu Pandey

Rating: 3.5/5 stars

Our legal advisor

Ahmad El Sayed is Senior Associate at Charles Russell Speechlys, a law firm headquartered in London with offices in the UK, Europe, the Middle East and Hong Kong.

Experience: Commercial litigator who has assisted clients with overseas judgments before UAE courts. His specialties are cases related to banking, real estate, shareholder disputes, company liquidations and criminal matters as well as employment related litigation. 

Education: Sagesse University, Beirut, Lebanon, in 2005.

The biog

Favourite colour: Brown

Favourite Movie: Resident Evil

Hobbies: Painting, Cooking, Imitating Voices

Favourite food: Pizza

Trivia: Was the voice of three characters in the Emirati animation, Shaabiyat Al Cartoon

The specs

Engine: 3.9-litre twin-turbo V8
Power: 620hp from 5,750-7,500rpm
Torque: 760Nm from 3,000-5,750rpm
Transmission: Eight-speed dual-clutch auto
On sale: Now
Price: From Dh1.05 million ($286,000)

Electoral College Victory

Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate. 

 

Popular Vote Tally

The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.

COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Company%20Profile
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