One of the biggest hits on Broadway right now is Groundhog Day, which is the musical comedy theatre version of the movie by the same name. Groundhog Day, the film, opened in 1993 and stars Bill Murray as a glib and cynical television weather reporter who is compelled to relive the same day over and over again. Groundhog Day, the musical, is pretty much the same thing, except with music and a lot of people dancing around onstage.
And that's not a criticism, though until I saw the musical theatre version I was awfully content with the motion picture Groundhog Day and couldn't really imagine it needed tunes. But I was wrong: the musical is dazzling and hilarious and deeply moving. It doesn't star Bill Murray, of course, but it manages to take a beloved (to me, anyway) movie and spin it into a different medium.
Just down the road from the theatre where Groundhog Day is currently playing to sold-out houses, a visitor to New York can enjoy School of Rock, which is a musical theatre version of the Jack Black picture of the same name. I wasn't a huge fan of the original film – it was funny, I guess, but it doesn't have the cleverness or the poignancy of Groundhog Day – so I haven't seen the stage version. Friends of mine tell me it's "very faithful" to the original, which I find insufficiently encouraging to spend $150 (Dh550) for a ticket.
And in any case, Broadway offers plenty of other choices. I can see the musical stage version of Disney's Aladdin or Disney's The Lion King – both long-running smash hits based on animated feature films. Or, if I prefer something slightly quirkier and French – and who doesn't? – I can buy a seat at the Walter Kerr Theatre and see the live musical version of Amelie, the 2001 fantastical romantic comedy film about a mischievous Parisienne who meddles winsomely in the lives of strangers.
Or I can just wait until next year, when the musical version of Disney's Frozen opens.
All of these musical productions are, as the say on Broadway, "packing them in". If they're all as witty and well-acted as Groundhog Day – and I'm not much of a musical theatre aficionado, so that's the only one I've seen – then theatregoers and visitors to New York City have an almost can't-lose proposition in front of them: throw a dart at the Broadway listings, buy a ticket to whatever show the dart chooses, and you're almost guaranteed to enjoy yourself.
You’re also almost guaranteed to see the musical theatre version of a film you’ve probably already seen, and in the case of the Disney musicals, if you have children, seen many, many times, and heard many more times coming from iPads and television screens wherever bored children are gathered. There’s something slightly disconcerting about all of this re-purposing and adapting, from the screen to the stage. Great plays and musicals used to take risks – in subject matter, musical form, racy dialogue – and the movies would come stumbling afterward, trying to create a more broadly-appealing, slightly sanitised big screen adaptation. These days, alas, audiences pay extravagant prices to see Broadway musicals that recreate as closely as possible the plot, characters and dialogue from the cinema original. The trick is no longer to surprise ticket buyers or catch them off guard. Broadway, unfortunately, seems fixated on delivering exactly what you expect, only slightly louder and with music and dancing.
The most astonishing moments of Groundhog Day – which was, I must admit, a thoroughly terrific experience – were spent watching how the company re-created some of my favourite scenes from the original picture.
Which is, again, not exactly a fair criticism, as a friend of mine who is connected with the current production of Groundhog Day made clear to me when I rather tediously (his words) made that point over dinner. In the first place, he informed me, it was unforgivably rude to accept free tickets to a Broadway show and then, at dinner later with one of its supporters, start mouthing off a lot of nonsense about "originality" and "the end of Broadway".
I pointed out that I fully intended to pay for his dinner – which I hadn't, up until that moment, but how was he to know? And then he countered by asking me to list, if I could, all of the works of poetry, drama, literature and history that came directly from the Trojan War. Homer, Aeschylus, Virgil ... and then I lost count. But I understood his basic point. No one who heard The Odyssey, millennia ago, didn't know already how the story went. No one wondered if in this particular Odyssey, the hero Odysseus doesn't get home. No one, in other words, who sat back after dinner to hear The Odyssey wanted to be surprised.
"Wait," I said, not wanting to give in. "Are you comparing Groundhog Day to The Odyssey?"
My friend shrugged. “I don’t know,” he said. “Wait 3,000 years and see if it lasts.”
"And what about School of Rock?" I asked.
On that we agreed: probably not going to last 3,000 years. I remained unconvinced of his basic point, but agreed to buy dinner anyway because friends with free Broadway tickets are friends worth keeping.
Rob Long is a writer and producer in Los Angeles
On Twitter: @rcbl
COMPANY%20PROFILE
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COMPANY PROFILE
Name: Rain Management
Year started: 2017
Based: Bahrain
Employees: 100-120
Amount raised: $2.5m from BitMex Ventures and Blockwater. Another $6m raised from MEVP, Coinbase, Vision Ventures, CMT, Jimco and DIFC Fintech Fund
Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
Traits of Chinese zodiac animals
Tiger:independent, successful, volatile
Rat:witty, creative, charming
Ox:diligent, perseverent, conservative
Rabbit:gracious, considerate, sensitive
Dragon:prosperous, brave, rash
Snake:calm, thoughtful, stubborn
Horse:faithful, energetic, carefree
Sheep:easy-going, peacemaker, curious
Monkey:family-orientated, clever, playful
Rooster:honest, confident, pompous
Dog:loyal, kind, perfectionist
Boar:loving, tolerant, indulgent
SPEC%20SHEET%3A%20SAMSUNG%20GALAXY%20Z%20FLIP5
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UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
Test
Director: S Sashikanth
Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan
Star rating: 2/5
Springsteen: Deliver Me from Nowhere
Director: Scott Cooper
Starring: Jeremy Allen White, Odessa Young, Jeremy Strong
Rating: 4/5
Killing of Qassem Suleimani
Kandahar%20
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More coverage from the Future Forum
Killing of Qassem Suleimani
Seven tips from Emirates NBD
1. Never respond to e-mails, calls or messages asking for account, card or internet banking details
2. Never store a card PIN (personal identification number) in your mobile or in your wallet
3. Ensure online shopping websites are secure and verified before providing card details
4. Change passwords periodically as a precautionary measure
5. Never share authentication data such as passwords, card PINs and OTPs (one-time passwords) with third parties
6. Track bank notifications regarding transaction discrepancies
7. Report lost or stolen debit and credit cards immediately
What the law says
Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.
“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.
“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”
If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.
How to help
Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
2252 – Dh 50
6025 – Dh20
6027 – Dh 100
6026 – Dh 200
Huddersfield Town permanent signings:
- Steve Mounie (striker): signed from Montpellier for £11 million
- Tom Ince (winger): signed from Derby County for £7.7m
- Aaron Mooy (midfielder): signed from Manchester City for £7.7m
- Laurent Depoitre (striker): signed from Porto for £3.4m
- Scott Malone (defender): signed from Fulham for £3.3m
- Zanka (defender): signed from Copenhagen for £2.3m
- Elias Kachunga (winger): signed for Ingolstadt for £1.1m
- Danny WIlliams (midfielder): signed from Reading on a free transfer
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
The Breadwinner
Director: Nora Twomey
Starring: Saara Chaudry, Soma Chhaya, Laara Sadiq
Three stars
THE SPECS
Engine: 3.5-litre V6
Transmission: six-speed manual
Power: 325bhp
Torque: 370Nm
Speed: 0-100km/h 3.9 seconds
Price: Dh230,000
On sale: now
Scoreline
Al Wasl 1 (Caio Canedo 90 1')
Al Ain 2 (Ismail Ahmed 3', Marcus Berg 50')
Red cards: Ismail Ahmed (Al Ain) 77'
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
Zayed Sustainability Prize
RESULTS
6.30pm: Longines Conquest Classic Dh150,000 Maiden 1,200m.
Winner: Halima Hatun, Antonio Fresu (jockey), Ismail Mohammed (trainer).
7.05pm: Longines Gents La Grande Classique Dh155,000 Handicap 1,200m.
Winner: Moosir, Dane O’Neill, Doug Watson.
7.40pm: Longines Equestrian Collection Dh150,000 Maiden 1,600m.
Winner: Mazeed, Richard Mullen, Satish Seemar.
8.15pm: Longines Gents Master Collection Dh175,000 Handicap.
Winner: Thegreatcollection, Pat Dobbs, Doug Watson.
8.50pm: Longines Ladies Master Collection Dh225,000 Conditions 1,600m.
Winner: Cosmo Charlie, Pat Dobbs, Doug Watson.
9.25pm: Longines Ladies La Grande Classique Dh155,000 Handicap 1,600m.
Winner: Secret Trade, Tadhg O’Shea, Ali Rashid Al Raihe.
10pm: Longines Moon Phase Master Collection Dh170,000 Handicap 2,000m.
Winner:
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.”
Jurassic%20Park
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Tearful appearance
Chancellor Rachel Reeves set markets on edge as she appeared visibly distraught in parliament on Wednesday.
Legislative setbacks for the government have blown a new hole in the budgetary calculations at a time when the deficit is stubbornly large and the economy is struggling to grow.
She appeared with Keir Starmer on Thursday and the pair embraced, but he had failed to give her his backing as she cried a day earlier.
A spokesman said her upset demeanour was due to a personal matter.
MATCH INFO
Uefa Champions League quarter-final, second leg (first-leg score):
Manchester City (0) v Tottenham Hotspur (1), Wednesday, 11pm UAE
Match is on BeIN Sports
The biog
Favourite book: Animal Farm by George Orwell
Favourite music: Classical
Hobbies: Reading and writing
INFO
What: DP World Tour Championship
When: November 21-24
Where: Jumeirah Golf Estates, Dubai
Tickets: www.ticketmaster.ae.
Company profile
Name: Thndr
Started: October 2020
Founders: Ahmad Hammouda and Seif Amr
Based: Cairo, Egypt
Sector: FinTech
Initial investment: pre-seed of $800,000
Funding stage: series A; $20 million
Investors: Tiger Global, Beco Capital, Prosus Ventures, Y Combinator, Global Ventures, Abdul Latif Jameel, Endure Capital, 4DX Ventures, Plus VC, Rabacap and MSA Capital