I ran into an old friend the other day. Well, just to clarify: it's probably too much to call him an "old friend". We don't really know each other. But we do share an interesting connection. Years ago, he was a guest star on a television series of mine.
Well, just to clarify: when I say "guest star", I mean a very specific thing. You see, "guest star" in the television business doesn't really mean "star" - or even "guest".
It's just one more Hollywood euphemism, like "Assistant Director" or "Executive Producer" - neither of which assists much or executes anything. But in Hollywood, we create lofty-sounding titles to paper over the truth, which is a lot of us don't do anything and get paid too much.
For instance, a "guest star" used to be called, crudely, a "day player" because in the old days they were paid by the day. But "day player" is a title that day players hate, so at some point in the early years of the television business, the job was euphemised and became a "guest star."
To recap: my old friend, the one I ran into recently, has been a guest star on a series I did. This was almost 20 years ago. It was very early in his career, and very early in mine, and I'd forgotten it. Mostly.
But when we ran into each other it was at a party, and it was one of those things where you never know if you're supposed to say that you've actually met, or that you remember each other, or just let yourselves be introduced as if for the first time.
In this case, it was slightly more awkward because for some reason, I vividly recalled the last time we met: we were on a soundstage when he was a guest star, and for some reason, the single line of dialogue he had to say gave him a lot of trouble.
He was supposed to say: "Hey Joe, did you hear? Pike and Symes got into a fight during the board meeting, and one of them stabbed the other with a pencil." Not too taxing, really. But those 26 words gave this actor a lot of trouble.
Multiple takes kind of trouble. Lots of mess-ups kind of trouble. Meaning: he kept "going up" on the line. "Going up" is a Hollywood euphemism for forgetting a line, or messing it up in some way that costs the executive producer - in this case, me - a lot of time and money.
By the sixth take, he was clearly having a minor breakdown. By the eighth take, he managed to get through it, and we moved on. Or, at least, I moved on.
He, apparently, never quite forgot it.
Flash forward to today. When we met - again - at the party, I was prepared to do that thing where you re-encounter someone after a few years, but you nevertheless pretend it's the first time the two of you have set eyes on each other.
He wasn't having any of it.
"You remember the line I ruined, right?" he asked. And when I pretended that I didn't - I was still doing the let's pretend thing, and when I commit to that, I'm in - he snorted dismissively and said, "Come on. Let's not do this. Let's not lie to each other."
And then he began to recall that moment for everyone within earshot. He was laughing, of course - I mean, the guy has gone on to have a very solid career. And to help him along, I joined in, first pretending that it was all coming back to me, "Oh yeah, oh yeah …" I said, and then someone asked if he knew the line, and he looked me in the eye and he recited, without hesitation, the single line of dialogue that gave him so much trouble 20 years ago.
"You remember the line?" I asked.
"Remember it?" he asked incredulously. "I say it to my children. They know the whole story. I'll bet if we called my daughter right now and I said the first two words to her, she could finish the line."
"Gosh. I'm sorry that this has haunted you." I said. Even though I thought it was kind of cool.
"I have no idea why it gave me so much trouble," he said. "But I knew I was falling apart when some of the atmosphere came up to me" - atmosphere, by the way, is a Hollywood euphemism for extras - "and told me that it was okay, that this kind of thing happened all the time, and that maybe I should think about becoming one of them."
As I said, he didn't. He's a professional working actor.
I'm sure way back then I was annoyed that a day player was causing such a pointless delay, but in the big picture, which is really the only picture that matters, it was something to forget and then remember at a party, as if we are old alumni of a college long since closed.
Which in many ways is true. And that's not a euphemism.
Rob Long is a writer and producer in Hollywood
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.”
Skewed figures
In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458.
Killing of Qassem Suleimani
The White Lotus: Season three
Creator: Mike White
Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell
Rating: 4.5/5
Director: Laxman Utekar
Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna
Rating: 1/5
Cinco in numbers
Dh3.7 million
The estimated cost of Victoria Swarovski’s gem-encrusted Michael Cinco wedding gown
46
The number, in kilograms, that Swarovski’s wedding gown weighed.
1,000
The hours it took to create Cinco’s vermillion petal gown, as seen in his atelier [note, is the one he’s playing with in the corner of a room]
50
How many looks Cinco has created in a new collection to celebrate Ballet Philippines’ 50th birthday
3,000
The hours needed to create the butterfly gown worn by Aishwarya Rai to the 2018 Cannes Film Festival.
1.1 million
The number of followers that Michael Cinco’s Instagram account has garnered.
Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
The specs: 2018 Chevrolet Trailblazer
Price, base / as tested Dh99,000 / Dh132,000
Engine 3.6L V6
Transmission: Six-speed automatic
Power 275hp @ 6,000rpm
Torque 350Nm @ 3,700rpm
Fuel economy combined 12.2L / 100km
More from Aya Iskandarani
Teachers' pay - what you need to know
Pay varies significantly depending on the school, its rating and the curriculum. Here's a rough guide as of January 2021:
- top end schools tend to pay Dh16,000-17,000 a month - plus a monthly housing allowance of up to Dh6,000. These tend to be British curriculum schools rated 'outstanding' or 'very good', followed by American schools
- average salary across curriculums and skill levels is about Dh10,000, recruiters say
- it is becoming more common for schools to provide accommodation, sometimes in an apartment block with other teachers, rather than hand teachers a cash housing allowance
- some strong performing schools have cut back on salaries since the pandemic began, sometimes offering Dh16,000 including the housing allowance, which reflects the slump in rental costs, and sheer demand for jobs
- maths and science teachers are most in demand and some schools will pay up to Dh3,000 more than other teachers in recognition of their technical skills
- at the other end of the market, teachers in some Indian schools, where fees are lower and competition among applicants is intense, can be paid as low as Dh3,000 per month
- in Indian schools, it has also become common for teachers to share residential accommodation, living in a block with colleagues
At a glance
Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.
Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year
Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month
Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30
Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse
Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth
Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances
Killing of Qassem Suleimani
NO OTHER LAND
Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
Stars: Basel Adra, Yuval Abraham
Rating: 3.5/5
Britain's travel restrictions
- A negative test 2 days before flying
- Complete passenger locator form
- Book a post-arrival PCR test
- Double-vaccinated must self-isolate
- 11 countries on red list quarantine
Test
Director: S Sashikanth
Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan
Star rating: 2/5
How much do leading UAE’s UK curriculum schools charge for Year 6?
- Nord Anglia International School (Dubai) – Dh85,032
- Kings School Al Barsha (Dubai) – Dh71,905
- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
*Annual tuition fees covering the 2024/2025 academic year
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
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