Michelle Yeoh made history by becoming the first Asian woman to win Best Actress at the Oscars. AFP
Michelle Yeoh made history by becoming the first Asian woman to win Best Actress at the Oscars. AFP
Michelle Yeoh made history by becoming the first Asian woman to win Best Actress at the Oscars. AFP
Michelle Yeoh made history by becoming the first Asian woman to win Best Actress at the Oscars. AFP


Diversity at the Oscars must not be just a walk-on part


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March 14, 2023

When Rami Malek, an American actor of Egyptian parentage, won an Oscar in 2019, he completed a journey started in 1963 by Egyptian star Omar Sharif, the first Arab actor to be nominated for an Academy Award.

It was an important moment for the region, although other Arab performers and filmmakers had been knocking on the door for years. Also in 2019, Lebanese director Nadine Labaki was the first Arab woman to have her film, Capernaum, nominated for an Oscar. Malek's was a relatively rare win for a non-white actor.

Diversity, again, has been an issue that was raised in coverage of this week’s Academy Awards. While it was heartening to see Indian production RRR win the Oscar for Best Original Song, Michelle Yeoh make history by becoming the first Asian woman to win Best Actress and former refugee Ke Huy Quan become the first Asian man in 38 years to win Best Supporting Actor, no black talent was nominated for a lead acting award and there were no women in the best director category.

The Oscars’ role as one of the world’s most significant cultural events lends the issue a seriousness that extends beyond mere entertainment. The prestige attached to the Academy Awards, which are meant to be a meritocratic celebration of achievement, means that any whiff of bias – unconscious or otherwise – can have a ruinous effect on their reputation.

A performance of the Oscar-winning Indian song 'Naatu Naatu' from 'RRR' at the Oscars on Sunday. AP
A performance of the Oscar-winning Indian song 'Naatu Naatu' from 'RRR' at the Oscars on Sunday. AP

It is a reputation that has come in for some very serious scrutiny in recent years. Research from the University of Southern California’s Annenberg Inclusion Initiative and the Adobe Foundation published this month found that of the more than 13,250 nominees at the Academy Awards since 1929, 17 per cent were women and 83 per cent were men. Of these nominees 6 per cent were from underrepresented racial or ethnic groups. The ratio of white to underrepresented nominees is 17 to 1.

There have been some improvements over the past decade in part due to vigorous activism. The #OscarsSoWhite hashtag started by writer and campaigner April Reign eight years ago was a reaction to the fact that in 2015 no women, outside female categories, or actors of colour were nominated in the 88th Academy Awards. According to the Annenberg research, since then “there have been notable increases in nominations for people of colour across 16 of 19 categories examined... Additionally, the overall percentage of underrepresented nominees more than doubled from 8 per cent (pre #OscarsSoWhite) to 17 per cent (post #OscarsSoWhite)”.

The campaign also led to changes in the Academy’s membership and operation, a process that is continuing. Next year, for example, the body will introduce new rules for Best Picture nominees, designed to foster inclusion, although time will tell what their impact will be.

None of this is to downplay the achievements of those who won this year, and films should, ultimately, be judged on their artistic merits. Neither are the Oscars the only awards where there can have been some startling results over the years – this year’s Bafta awards in the UK came in for criticism after its diverse selection of nominees resulted in not a single non-white winner.

It has been 83 years since Hattie McDaniel became the first African American to win an Oscar. Nevertheless, last year it was reported that membership of the Academy is still more than 80 per cent white and nearly 70 per cent male. When it comes to diversity and inclusion at the top levels of filmmaking, it seems the final script has yet to be written.

ADCC AFC Women’s Champions League Group A fixtures

October 3: v Wuhan Jiangda Women’s FC
October 6: v Hyundai Steel Red Angels Women’s FC
October 9: v Sabah FA

If you go...

Etihad Airways flies from Abu Dhabi to Kuala Lumpur, from about Dh3,600. Air Asia currently flies from Kuala Lumpur to Terengganu, with Berjaya Hotels & Resorts planning to launch direct chartered flights to Redang Island in the near future. Rooms at The Taaras Beach and Spa Resort start from 680RM (Dh597).

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

Director: Rohit Shetty

Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone

Rating: 3/5

Dhadak

Director: Shashank Khaitan

Starring: Janhvi Kapoor, Ishaan Khattar, Ashutosh Rana

Stars: 3

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.

Sour%20Grapes
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UAE currency: the story behind the money in your pockets
PROFILE OF HALAN

Started: November 2017

Founders: Mounir Nakhla, Ahmed Mohsen and Mohamed Aboulnaga

Based: Cairo, Egypt

Sector: transport and logistics

Size: 150 employees

Investment: approximately $8 million

Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar

Company Fact Box

Company name/date started: Abwaab Technologies / September 2019

Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO

Based: Amman, Jordan

Sector: Education Technology

Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed

Stage: early-stage startup 

Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.

ASHES SCHEDULE

First Test
November 23-27 (The Gabba, Brisbane)
Second Test
December 2-6 (Adelaide Oval, Adelaide)
Third Test
December 14-18 (Waca Ground, Perth)
Fourth Test
December 26-30 (Melbourne Cricket Ground, Melbourne)
Fifth Test
January 4-8, 2018 (Sydney Cricket Ground, Sydney)

The%20National%20selections
%3Cp%3E6pm%3A%20Barakka%3Cbr%3E6.35pm%3A%20Dhahabi%3Cbr%3E7.10pm%3A%20Mouheeb%3Cbr%3E7.45pm%3A%20With%20The%20Moonlight%3Cbr%3E8.20pm%3A%20Remorse%3Cbr%3E8.55pm%3A%20Ottoman%20Fleet%3Cbr%3E9.30pm%3A%20Tranquil%20Night%3C%2Fp%3E%0A

Paris Can Wait
Dir: Eleanor Coppola
Starring: Alec Baldwin, Diane Lane, Arnaud Viard
Two stars

Wicked: For Good

Director: Jon M Chu

Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater

Rating: 4/5

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.”

Company%20profile
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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

Sunday:
GP3 race: 12:10pm
Formula 2 race: 1:35pm
Formula 1 race: 5:10pm
Performance: Guns N' Roses

Match info

Uefa Nations League Group B:

England v Spain, Saturday, 11.45pm (UAE)

Superpower%20
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ESean%20Penn%2C%20Aaron%20Kaufman%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E3%2F5%3C%2Fp%3E%0A
The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

Updated: March 14, 2023, 3:00 AM