• Emilia Jones attends the 2023 Sundance Film Festival premiere of Cat Person at Eccles Centre Theatre on January 21, 2023 in Park City, Utah. Getty Images / AFP
    Emilia Jones attends the 2023 Sundance Film Festival premiere of Cat Person at Eccles Centre Theatre on January 21, 2023 in Park City, Utah. Getty Images / AFP
  • From left, Karrueche Tran, Bella Thorne and Emily Willis attend the premiere of Divinity at the Egyptian Theatre on January 21, 2023. Invision / AP
    From left, Karrueche Tran, Bella Thorne and Emily Willis attend the premiere of Divinity at the Egyptian Theatre on January 21, 2023. Invision / AP
  • Saim Sadiq attends the Joyland premiere at Park Avenue Theater on January 21. Getty Images via AFP
    Saim Sadiq attends the Joyland premiere at Park Avenue Theater on January 21. Getty Images via AFP
  • US actor Thomasin McKenzie arrives for the premiere of Eileen. EPA
    US actor Thomasin McKenzie arrives for the premiere of Eileen. EPA
  • Anne Hathaway arrives for the premiere of Eileen. EPA
    Anne Hathaway arrives for the premiere of Eileen. EPA
  • Anne Hathway throws on a puffer jacket. EPA
    Anne Hathway throws on a puffer jacket. EPA
  • Ericka Nicole Malone attends Ericka Nicole Malone Entertainment's Indie Director's And Creator's Spotlight. Getty Images via AFP
    Ericka Nicole Malone attends Ericka Nicole Malone Entertainment's Indie Director's And Creator's Spotlight. Getty Images via AFP
  • Brooke Shields at a portrait sitting to promote the film Pretty Baby, at Latinx House. Invision / AP
    Brooke Shields at a portrait sitting to promote the film Pretty Baby, at Latinx House. Invision / AP
  • Bella Thorne poses at a portrait sitting to promote the film Divinity. Invision / AP
    Bella Thorne poses at a portrait sitting to promote the film Divinity. Invision / AP
  • Karrueche Tran at a portrait session to promote Divinity. Invision / AP
    Karrueche Tran at a portrait session to promote Divinity. Invision / AP
  • Landry Townsend attends the premiere of Aliens Abducted My Parents and Now I Feel Kinda Left Out. Invision / AP
    Landry Townsend attends the premiere of Aliens Abducted My Parents and Now I Feel Kinda Left Out. Invision / AP
  • Costume designer Michelle J Li arrives for the premiere of Theatre Camp. EPA
    Costume designer Michelle J Li arrives for the premiere of Theatre Camp. EPA
  • Jimmy Tatro arrives for the premiere of Theatre Camp. EPA
    Jimmy Tatro arrives for the premiere of Theatre Camp. EPA
  • Molly Gordon attends the premiere of Theatre Camp. Invision / AP
    Molly Gordon attends the premiere of Theatre Camp. Invision / AP
  • Dakota Johnson attends the 2023 Sundance Film Festival Women at Sundance Celebration. Getty Images via AFP
    Dakota Johnson attends the 2023 Sundance Film Festival Women at Sundance Celebration. Getty Images via AFP
  • Owen Thiele arrives for the premiere of Theatre Camp. EPA
    Owen Thiele arrives for the premiere of Theatre Camp. EPA
  • Molly O'Shea, a cast member in Bad Behaviour, at the premiere of the film. AP Photo
    Molly O'Shea, a cast member in Bad Behaviour, at the premiere of the film. AP Photo
  • Jennifer Connelly, a cast member of Bad Behaviour, at the premiere. EP Photo
    Jennifer Connelly, a cast member of Bad Behaviour, at the premiere. EP Photo
  • Algee Smith at a portrait session to promote the film Young. Wild. Free. Invision / AP
    Algee Smith at a portrait session to promote the film Young. Wild. Free. Invision / AP
  • Director Thembi L Banks at a portrait session to promote the film Young. Wild. Free. Invision / AP
    Director Thembi L Banks at a portrait session to promote the film Young. Wild. Free. Invision / AP
  • Sierra Capri at a portrait session to promote the film Young. Wild. Free. AP
    Sierra Capri at a portrait session to promote the film Young. Wild. Free. AP
  • Executive producer Jessamine Burgum attends The Starling Girl premiere. Getty Images via AFP
    Executive producer Jessamine Burgum attends The Starling Girl premiere. Getty Images via AFP
  • Emilia Jones poses at a portrait session to promote the film Fairyland. Invision / AP
    Emilia Jones poses at a portrait session to promote the film Fairyland. Invision / AP
  • Jasmine Curtis-Smith attends the In My Mother's Skin premiere. Getty Images via AFP
    Jasmine Curtis-Smith attends the In My Mother's Skin premiere. Getty Images via AFP
  • Beauty Gonzalez attends the In My Mother's Skin premiere. Getty Images via AFP
    Beauty Gonzalez attends the In My Mother's Skin premiere. Getty Images via AFP
  • From left, Priya Kansara, Ritu Arya and Nida Manzoor attend the Polite Society premiere. Getty Images via AFP
    From left, Priya Kansara, Ritu Arya and Nida Manzoor attend the Polite Society premiere. Getty Images via AFP
  • From left, Niousha Noor, director Maryam Keshavarz, and Layla Mohammadi at a portrait session to promote the film The Persian Version. Invision / AP
    From left, Niousha Noor, director Maryam Keshavarz, and Layla Mohammadi at a portrait session to promote the film The Persian Version. Invision / AP
  • Director Noora Niasari, left, and Zar Amir-Ebrahimi at a portrait session to promote the film Shayda. Invision / AP
    Director Noora Niasari, left, and Zar Amir-Ebrahimi at a portrait session to promote the film Shayda. Invision / AP
  • Angela Sarafyan attends the Midnight Short Film Programme at Prospector Square Theatre. Getty Images via AFP
    Angela Sarafyan attends the Midnight Short Film Programme at Prospector Square Theatre. Getty Images via AFP
  • Omari Hardwick at a portrait session to promote the film To Live and Die and Live. Invision / AP
    Omari Hardwick at a portrait session to promote the film To Live and Die and Live. Invision / AP
  • Cory Hardrict at a portrait session to promote the film To Live and Die and Live. Invision / AP
    Cory Hardrict at a portrait session to promote the film To Live and Die and Live. Invision / AP
  • Maryam Basir at a portrait session to promote the film To Live and Die and Live. Invision / AP
    Maryam Basir at a portrait session to promote the film To Live and Die and Live. Invision / AP
  • Executive producer Nikole Hannah-Jones at a portrait session to promote the series The 1619 Project. Invision / AP
    Executive producer Nikole Hannah-Jones at a portrait session to promote the series The 1619 Project. Invision / AP
  • Jason Momoa, centre, attends the Deep Rising premiere. Getty Images via AFP
    Jason Momoa, centre, attends the Deep Rising premiere. Getty Images via AFP
  • Haley Bennett arrives for the premiere of Magazine Dreams. EPA
    Haley Bennett arrives for the premiere of Magazine Dreams. EPA
  • Taylour Paige attends the premiere of Magazine Dreams. Invision / AP
    Taylour Paige attends the premiere of Magazine Dreams. Invision / AP
  • Daisy Ridley at a portrait session to promote the film Sometimes I Think About Dying. Invision / AP
    Daisy Ridley at a portrait session to promote the film Sometimes I Think About Dying. Invision / AP
  • Owen Thiele at a portrait session to promote the film Theatre Camp. Invision / AP
    Owen Thiele at a portrait session to promote the film Theatre Camp. Invision / AP
  • Brooke Shields, the subject of the documentary film Pretty Baby: Brooke Shields, at the premiere. AP Photo
    Brooke Shields, the subject of the documentary film Pretty Baby: Brooke Shields, at the premiere. AP Photo
  • Phoebe Dynevor attends the premiere of Fair Play. Invision / AP
    Phoebe Dynevor attends the premiere of Fair Play. Invision / AP
  • Director Lana Wilson arrives for the premiere of Pretty Baby. EPA
    Director Lana Wilson arrives for the premiere of Pretty Baby. EPA
  • Filmmaker Fox Maxy attends the Gush premiere. Getty Images via AFP
    Filmmaker Fox Maxy attends the Gush premiere. Getty Images via AFP
  • Director Sarvnik Kaur attends the Against the Tide premiere. Getty Images via AFP
    Director Sarvnik Kaur attends the Against the Tide premiere. Getty Images via AFP
  • D Smith backstage during Cinema Cafe: Innovation at Filmmaker Lodge. Getty Images via AFP
    D Smith backstage during Cinema Cafe: Innovation at Filmmaker Lodge. Getty Images via AFP
  • Jessica Care Moore attends the To Live and Die and Live premiere. Getty Images via AFP
    Jessica Care Moore attends the To Live and Die and Live premiere. Getty Images via AFP
  • Emilia Jones attends the premiere of Fairyland. Invision / AP
    Emilia Jones attends the premiere of Fairyland. Invision / AP
  • Adam Lambert attends the premiere of Fairyland. Invision / AP
    Adam Lambert attends the premiere of Fairyland. Invision / AP
  • Emilia Clarke attends the premiere of The Pod Generation. Invision / AP
    Emilia Clarke attends the premiere of The Pod Generation. Invision / AP
  • From left, W Kamau Bell, Nikyatu Jusu and Boots Riley, at Opening Night: A Taste of Sundance. AP Photo
    From left, W Kamau Bell, Nikyatu Jusu and Boots Riley, at Opening Night: A Taste of Sundance. AP Photo
  • Dakota Johnson at Opening Night: A Taste of Sundance. AP Photo
    Dakota Johnson at Opening Night: A Taste of Sundance. AP Photo
  • Brittany O'Grady attends the Sometimes I Think About Dying premiere. Getty Images via AFP
    Brittany O'Grady attends the Sometimes I Think About Dying premiere. Getty Images via AFP

Understated elegance at Sundance by stars from Anne Hathaway to Brooke Shields


Katy Gillett
  • English
  • Arabic

Sundance Film Festival is in full swing, with big-name celebrities attending red-carpet premieres and portrait sessions galore.

The 2023 event started on Thursday and will run until January 29 in Utah’s mountainous Park City, with plenty more cinematic spectacles on the agenda.

Over the past few days, stars have been spotted attending screenings for films such as Punjabi-language Joyland, science-fiction horror film Infinity Pool and headline-grabbing psychological thriller Cat Person.

In terms of fashion, it's been quietly understated, with plenty of black outfits punctuated by pops of orange and red.

Scroll through the gallery above to see looks from the red carpets and portrait sessions at Sundance Film Festival 2023

American actress Anne Hathaway wore an LBD with black sheer tights and chunky boots, paired with a thick puffer jacket, to the premiere of her film Eileen, a coming drama thriller, in which Hathaway stars, based on the Man Booker Prize-shortlisted 2015 novel of the same name. The story is of a woman's friendship with a new co-worker that takes a sinister turn at the prison facility where she works.

US actress Brooke Shields was also there to promote Pretty Baby: Brooke Shields, a two-part documentary that sheds light on the period Shields came of age in public, after she starred aged 12 in the controversial 1978 film Pretty Baby.

Brooke Shields, right, the subject of the documentary film Pretty Baby: Brooke Shields, with director Lana Wilson at its premiere. AP Photo
Brooke Shields, right, the subject of the documentary film Pretty Baby: Brooke Shields, with director Lana Wilson at its premiere. AP Photo

For a portrait session at Latinx House to promote the film, Shields, 57, wore a black and white suit with tie, while at the premiere, she opted for a black cashmere dress with a thigh-high slit and decorative cowboy boots, paired with a winter jacket with faux fur collar.

Women sporting blazers and suits has been a common sight at the festival. American actress and singer Brittany O'Grady attended the Sometimes I Think About Dying premiere in a black and white tux, complete with a black bow tie, while English actress Daisy Ridley attended a portrait session to promote the film in a deep blue blazer. Elsewhere, Pretty Baby director Lana Wilson arrived for the premiere of the film in a brown sheer jacket and trouser suit with a black turtleneck.

British actress Priya Kansara and British director Nida Manzoor kept it colourful at the Polite Society premiere, wearing bright red, Kansara in a floor-length gown and Manzoor wearing a stylish polka dot pantsuit.

Armenian-American actress Angela Sarafyan opted for a dusty orange jumpsuit with matching boots for the Midnight Short Film Programme at Prospector Square Theatre.

Sandor Mulsow, Jason Momoa and director Matthieu Rytz attend the 2023 Sundance Film Festival Deep Rising premiere. Getty Images via AFP
Sandor Mulsow, Jason Momoa and director Matthieu Rytz attend the 2023 Sundance Film Festival Deep Rising premiere. Getty Images via AFP

The men kept it stylish as well. American actor Jason Momoa, in particular, looked rugged yet cosy at the Variety Sundance Studio on Friday with a chunky white cardigan, mint green button-up, white shirt, beige cargo pants and snow boots. He was there to discuss his new documentary Deep Rising, which he narrates and executive produces, about the controversial proposal to mine the ocean floor.

MEYDAN%20RACECARD
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Museum of the Future in numbers
  •  78 metres is the height of the museum
  •  30,000 square metres is its total area
  •  17,000 square metres is the length of the stainless steel facade
  •  14 kilometres is the length of LED lights used on the facade
  •  1,024 individual pieces make up the exterior 
  •  7 floors in all, with one for administrative offices
  •  2,400 diagonally intersecting steel members frame the torus shape
  •  100 species of trees and plants dot the gardens
  •  Dh145 is the price of a ticket

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.”

ANDROID%20VERSION%20NAMES%2C%20IN%20ORDER
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The specs
Engine: 2.0-litre turbo 4-cyl

Transmission: eight-speed auto

Power: 190bhp

Torque: 300Nm

Price: Dh169,900

On sale: now 

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Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
Keane on …

Liverpool’s Uefa Champions League bid: “They’re great. With the attacking force they have, for me, they’re certainly one of the favourites. You look at the teams left in it - they’re capable of scoring against anybody at any given time. Defensively they’ve been good, so I don’t see any reason why they couldn’t go on and win it.”

Mohamed Salah’s debut campaign at Anfield: “Unbelievable. He’s been phenomenal. You can name the front three, but for him on a personal level, he’s been unreal. He’s been great to watch and hopefully he can continue now until the end of the season - which I’m sure he will, because he’s been in fine form. He’s been incredible this season.”

Zlatan Ibrahimovic’s instant impact at former club LA Galaxy: “Brilliant. It’s been a great start for him and for the club. They were crying out for another big name there. They were lacking that, for the prestige of LA Galaxy. And now they have one of the finest stars. I hope they can go win something this year.”

Dirham Stretcher tips for having a baby in the UAE

Selma Abdelhamid, the group's moderator, offers her guide to guide the cost of having a young family:

• Buy second hand stuff

 They grow so fast. Don't get a second hand car seat though, unless you 100 per cent know it's not expired and hasn't been in an accident.

• Get a health card and vaccinate your child for free at government health centres

 Ms Ma says she discovered this after spending thousands on vaccinations at private clinics.

• Join mum and baby coffee mornings provided by clinics, babysitting companies or nurseries.

Before joining baby classes ask for a free trial session. This way you will know if it's for you or not. You'll be surprised how great some classes are and how bad others are.

• Once baby is ready for solids, cook at home

Take the food with you in reusable pouches or jars. You'll save a fortune and you'll know exactly what you're feeding your child.

Types of bank fraud

1) Phishing

Fraudsters send an unsolicited email that appears to be from a financial institution or online retailer. The hoax email requests that you provide sensitive information, often by clicking on to a link leading to a fake website.

2) Smishing

The SMS equivalent of phishing. Fraudsters falsify the telephone number through “text spoofing,” so that it appears to be a genuine text from the bank.

3) Vishing

The telephone equivalent of phishing and smishing. Fraudsters may pose as bank staff, police or government officials. They may persuade the consumer to transfer money or divulge personal information.

4) SIM swap

Fraudsters duplicate the SIM of your mobile number without your knowledge or authorisation, allowing them to conduct financial transactions with your bank.

5) Identity theft

Someone illegally obtains your confidential information, through various ways, such as theft of your wallet, bank and utility bill statements, computer intrusion and social networks.

6) Prize scams

Fraudsters claiming to be authorised representatives from well-known organisations (such as Etisalat, du, Dubai Shopping Festival, Expo2020, Lulu Hypermarket etc) contact victims to tell them they have won a cash prize and request them to share confidential banking details to transfer the prize money.

GRAN%20TURISMO
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The specs: 2019 Cadillac XT4

Price, base: Dh145,000

Engine: 2.0-litre turbocharged in-line four-cylinder engine

Transmission: Nine-speed automatic

Power: 237hp @ 5,000rpm

Torque: 350Nm @ 1,500rpm

Fuel economy, combined: 8.7L / 100km

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The specs

Engine: 2x201bhp AC Permanent-magnetic electric

Transmission: n/a

Power: 402bhp

Torque: 659Nm

Price estimate: Dh200,000

On sale: Q3 2022 

The specs

Engine: 3-litre twin-turbo V6

Power: 400hp

Torque: 475Nm

Transmission: 9-speed automatic

Price: From Dh215,900

On sale: Now

How Tesla’s price correction has hit fund managers

Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.

It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.

The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.

Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.

Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.

He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.

AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”

A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.

Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.

Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.

Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.

By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.

Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.

In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”

Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.

She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.

Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.

MATCH INFO

Arsenal 1 (Aubameyang 12’) Liverpool 1 (Minamino 73’)

Arsenal win 5-4 on penalties

Man of the Match: Ainsley Maitland-Niles (Arsenal)

Updated: January 22, 2023, 10:38 AM