Always one to take on a challenge, Ralph Fiennes tells David Gritten that having financial comfort allows him to pursue the work that truly inspires him, such as his latest project, starring in and directing a modern-day version of Shakespeare's Coriolanus.
Ralph Fiennes, it's fair to say, is not one of those actors who loves talking about himself. He'll put himself through the ordeal of being interviewed, but only in order to help promote a film or play in which he's involved. Chatting about his private life or revealing his deepest thoughts and fears? That isn't him.
This is no recent affectation on Fiennes's part. I've been meeting him for two decades now, before he became famous; and even as a promising stage actor in his late 20s, he was reserved. He's not unfriendly, and certainly never less than affable. But there's a measured calm about him, which makes him faintly unknowable; over the years he's been most at ease talking coolly and analytically about his roles.
Until now, that is. Having spent all his career as an actor, Fiennes, 49, has now directed a film - a modern-day adaptation of Shakespeare's Coriolanus. It's tempting to say he's finally stepped behind the cameras, but in truth he's both behind and in front of them: as well as directing Coriolanus, he plays the title role.
Clearly the experience of making the film has changed him. When we met recently at a London hotel, it was Fiennes as I'd never seen him before. He was passionate, engaged, with a glint in his eye. He gesticulated wildly while making his points, and raised his voice frequently to express emotion. There seemed to be a flush of real excitement in his cheeks.
Obviously, when you direct a film, you assume a sense of ownership about it. You protect, defend and take pride in it, like one of your children. In the case of Coriolanus, completing it may have given Fiennes a sense of giddy triumph. As he recalls now, it was an uphill struggle.
"I'm just relieved we managed to get the film done, because trying to make it happen financially was really hard," he said. "This was in 2008 and 2009, the worst possible time to pull it all together."
But given that Coriolanus is not one of Shakespeare's best-known, or indeed best-loved plays, why would he want to put himself through all this grief?
"I played the role on stage in London about 20 years ago," he says. "It was fine, but I felt there was something missing. It wasn't connecting with the audience. Somehow it felt like unfinished business."
It was in short, a labour of love, and Fiennes tried to stay detached from all the worrying talk about money: "Like so many independent productions, you take a gamble - you start preparing, but you haven't fully secured your financing. I knew I had to detach and focus on my work. Finally, three or four weeks in, our producers said: 'We've closed.'"
By that time, he had assembled an impressive cast of acting peers who admired his work, and who were eager to take part in this adventure.
It was always clear Fiennes would play Coriolanus, the prickly Roman warrior hero who wants to advance his political career, but cares nothing for what the public thinks of him. Proud and arrogant, he will not compromise to win their approval. As Fiennes concedes, Coriolanus is not an easy man.
"But I hate it when people complain that he's not likeable!" he says, almost shouting. "He's complex! He's interesting! And he has a weird kind of integrity."
Still, a first-rate supporting cast was essential. Fiennes persuaded Vanessa Redgrave to take the key role of Volumnia, Coriolanus's strong-willed mother. He chose the veteran actor Brian Cox to play Menenius, an influential Roman senator: "Brian has a natural male charisma. He's one of those people who can convey authority with ease."
Fiennes took a chance on Gerard Butler, better known as a Hollywood action hero, to play Coriolanus's deadly rival, the warrior Tullus Aufidius: "You believe in Gerry as a soldier." And while visiting New York, he discovered a then-unknown stage actress named Jessica Chastain to play Coriolanus's wife, Virgilia: "She can portray goodness so well. There's a lot of horror in this story, and she's like a silent witness to it."
The film is a bold venture. The screenwriter John Logan (Gladiator, Hugo, The Aviator) cut vast amounts of Shakespeare's lengthy play to make it fit a two-hour film. Logan and Fiennes decided to update the action from ancient Rome to the present day - we see TV newscasts reporting the exploits of Coriolanus, and characters using mobile phones. And Fiennes plays the title character like an arrogant Balkan warlord.
"We shot the film in Belgrade, mainly because it was affordable," he says. "It's also a capital city, so it has a weight to it, a certain scale. And it has a mix of architectural styles. It was a good equivalent for ancient Rome."
No one expects Coriolanus to break any box-office records, but it's a gutsy achievement, and critics have been almost unanimous in praising it. Beyond question, it marks an intriguing turning point in Fiennes's career.
It's been clear from the start that he is one of Britain's most talented actors, whether on screen or stage. But he has played his career shrewdly. On the one hand, he has stayed away from leading parts if he finds them uninteresting.
"I can see the ingredients that go into a star role, but one has to be really careful," he says. "I like psychologically intriguing characters and the challenge that goes with playing them."
Yet at the same time Fiennes has made himself financially comfortable by appearing in several hugely commercial films, though almost always in supporting parts; the success or failure of a blockbuster never depends on him. The best example of this policy is his recurring role in six Harry Potter films as the malevolent (and nose-free) Lord Voldemort. Fiennes will also be playing an agent in the next James Bond movie, Skyfall ("I've always loved Bond films and books," he says.) But Daniel Craig will get the star billing. This gives Fiennes the freedom to pursue the work that truly inspires him - like directing and starring in Coriolanus.
He was born in Suffolk, England, the eldest of six children; his full name, remarkably, is Ralph Nathaniel Twisleton-Wykeham-Fiennes. His father, Mark, was a farmer turned landscape photographer, while his mother, Jini, wrote novels and travel books. The Fiennes family, who spent years living in Ireland, were a genteel, artistic crowd; Ralph's brother Joseph is also an actor (he starred in Shakespeare in Love), while his sisters, Martha and Sophie, have both directed and produced films.
As a young man, Fiennes swiftly chose acting as a career, and after drama school joined Britain's National Theatre before becoming a lead with the Royal Shakespeare Company. There, his performance as Troilus in Troilus and Cressida marked him as a talent to watch. His first role in front of a camera was for a British television film, as TE Lawrence in A Dangerous Man: Lawrence After Arabia in 1990.
That was where I first met him, rehearsing for the role, and learning to ride a horse at a London military barracks. Even then, he was an intense character: "My girlfriend teases me for being over-serious," he sighed. "I think she's probably right."
He added, rather touchingly: "I just want to do work that has some thought and integrity behind it, rather than pleasing audience expectations or always trying to be successful."
Among the people who saw A Dangerous Man was Steven Spielberg, who plucked Fiennes from relative obscurity to play the sadistic Nazi officer Amon Goeth in Schindler's List. "Ralph has a charm which can cut off and become deadly calm," Spielberg told me later. "Goeth was such a nasty man - and playing him Ralph [pictured below] looks you in the eye and makes your blood run cold."
Fiennes gained 25 pounds to play Goeth; his face was puffy, his hair was slicked back and he strutted around with a large paunch.
"Powerful men often carry a paunch around with them in a way that demonstrates that power," he said. His steely-eyed Coriolanus, though slimmer and fitter than Goeth, shares something of that quality.
Playing Goeth led to an Oscar nomination. It launched him and enabled him to mix and match his career - lead roles in interesting, thoughtful movies such as Quiz Show, The English Patient (another Oscar nomination) and The Constant Gardener - and smaller roles in quirky, independent films, some of which sank without trace.
Still, throughout all this, there's always been something of the loner about Fiennes, although he has had two significant relationships with actresses. He married Alex Kingston (best known for her role in TV's ER) in the mid-1990s, but their marriage ended after four years.
By then Fiennes was with Francesca Annis, whom he met in a stage role; 17 years his senior, she was cast as Gertrude, mother to his Hamlet. They stayed together for 11 years, but broke up in 2006. Recently Fiennes has been quoted as saying: "I've almost resigned myself to being alone for good."
That lets him devote time to his career, which he does single-mindedly. Fiennes will remain busy either as an actor or director into the foreseeable future. He will again play Hades, the sinister god of the underworld, in Wrath of the Titans, the 3-D sequel to Clash of the Titans from 2010 - though again he'll be supporting its stars, Liam Neeson and Sam Worthington. And then there's the Bond film.
But Fiennes is now also embroiled in the world of Charles Dickens. He has just completed a BBC adaptation of Great Expectations, playing the convict Magwitch (yet another interesting support role) opposite Helena Bonham Carter as Miss Havisham and War Horse's young star, Jeremy Irvine, as Pip.
His second effort as film director deals with Dickens's private life. The Invisible Woman, adapted from Clare Tomalin's story, is about Nellie Ternan, an actress who was Dickens's secret mistress in the later years of his life. When they met, he was 45, and she was just 18. It's hoped the film will be released this year, which marks the bicentenary of Dickens's birth.
I came away from talking to Fiennes reflecting that he seemed as fulfilled and happy as I'd ever seen him. For all the talk about him being alone, he's a driven, passionate, serious-minded man - and maybe he's living a life that suits him best.
Consider that earnest comment of his 20 years ago - that he wanted to do work that involved thought and integrity above popularity or the pursuit of success.
You'd have to say he has got what he wished for.
Coriolanus is scheduled to open in UAE cinemas on February 2.
The Fiennes file
BORN December 22, 1962, Ipswich, Suffolk, England
SCHOOLING St Kieran's College, County Kilkenny, Ireland; Newtown School, County Waterford, Ireland; Bishop Wordsworth's School, Salisbury, England; Chelsea College of Art; Royal Academy of Dramatic Art, London
FAMILY Three brothers, two sisters; is an eighth cousin to the Prince of Wales
BIG-SCREEN DEBUT As a smouldering Heathcliff in Wuthering Heights (1992)
ON BROADWAY Of the dozen actors to have played Hamlet on Broadway, is the only one to have won a Tony Award (1995)
TRADEMARKS Steely glaze and mellifluous voice
ANOTHER LEADING ROLE As Unicef UK ambassador
QUIRKY FACT ONE His tattoo in Red Dragon (2002) took eight hours to apply
QUIRKY FACT TWO Good friends with Jay-Z
QUIRKY FACT THREE Huge fan of professional wrestling
The quotable Fiennes
"It's 'Rafe', actually."
"When children were introduced to Lord Voldemort, they looked suitably terrified. Which gave me great gratification."
"As an actor, a part of you expects to be looked at. A part of you wants to be looked at. But when I'm playing a part, in my imagined world, I feel I'm not me. I may be using bits of me, but I love the sense that I'm being someone else."
"Awards are like applause, and every actor likes to hear applause."
"The process of making a film is a mad lottery. Whenever you get the feeling that you're making something special, you have to quickly squash it because you are so often proved wrong."
"I think it's a badge of honour to have a real flop on your résumé" (about The Avengers).
"I veer away from trying to understand why I act. I just know I need to do it."
"My parents were very financially challenged. All of us children have the memory of being told that there was no money, we have to sell this, there's no presents for Christmas."
Source: Internet Movie Database
8 traditional Jamaican dishes to try at Kingston 21
- Trench Town Rock: Jamaican-style curry goat served in a pastry basket with a carrot and potato garnish
- Rock Steady Jerk Chicken: chicken marinated for 24 hours and slow-cooked on the grill
- Mento Oxtail: flavoured oxtail stewed for five hours with herbs
- Ackee and salt fish: the national dish of Jamaica makes for a hearty breakfast
- Jamaican porridge: another breakfast favourite, can be made with peanut, cornmeal, banana and plantain
- Jamaican beef patty: a pastry with ground beef filling
- Hellshire Pon di Beach: Fresh fish with pickles
- Out of Many: traditional sweet potato pudding
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
'O'
%3Cp%3E%3Cstrong%3EAuthor%3A%3C%2Fstrong%3E%20Zeina%20Hashem%20Beck%3Cbr%3E%3Cstrong%3EPages%3A%3C%2Fstrong%3E%20112%3Cbr%3E%3Cstrong%3EPublisher%3A%3C%2Fstrong%3E%20Penguin%20Books%3Cbr%3E%3Cstrong%3EAvailable%3A%3C%2Fstrong%3E%20Now%3C%2Fp%3E%0A
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
House-hunting
Top 10 locations for inquiries from US house hunters, according to Rightmove
- Edinburgh, Scotland
- Westminster, London
- Camden, London
- Glasgow, Scotland
- Islington, London
- Kensington and Chelsea, London
- Highlands, Scotland
- Argyll and Bute, Scotland
- Fife, Scotland
- Tower Hamlets, London
Other workplace saving schemes
- The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
- Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
- National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
- In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
- Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
Duterte Harry: Fire and Fury in the Philippines
Jonathan Miller, Scribe Publications
BMW M5 specs
Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor
Power: 727hp
Torque: 1,000Nm
Transmission: 8-speed auto
Fuel consumption: 10.6L/100km
On sale: Now
Price: From Dh650,000
RESULTS
Time; race; prize; distance
4pm: Maiden; (D) Dh150,000; 1,200m
Winner: General Line, Xavier Ziani (jockey), Omar Daraj (trainer)
4.35pm: Maiden (T); Dh150,000; 1,600m
Winner: Travis County, Adrie de Vries, Ismail Mohammed
5.10pm: Handicap (D); Dh175,000; 1,200m
Winner: Scrutineer, Tadhg O’Shea, Ali Rashid Al Raihe
5.45pm: Maiden (D); Dh150,000; 1,600m
Winner: Yulong Warrior, Richard Mullen, Satish Seemar
6.20pm: Maiden (D); Dh150,000; 1,600m
Winner: Ejaaby, Jim Crowley, Doug Watson
6.55pm: Handicap (D); Dh160,000; 1,600m
Winner: Storyboard, Richard Mullen, Satish Seemar
7.30pm: Handicap (D); Dh150,000; 2,200m
Winner: Grand Dauphin, Gerald Mosse, Ahmed Al Shemaili
8.05pm: Handicap (T); Dh190,000; 1,800m
Winner: Good Trip, Tadhg O’Shea, Ali Rashid Al Raihe
F1 The Movie
Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem
Director: Joseph Kosinski
Rating: 4/5
RESULTS
5pm: Maiden (PA) Dh80,000 1,400m, Winner SS Lamea, Saif Al Balushi (jockey), Ibrahim Al Hadhrami (trainer).
5.30pm: Wathba Stallions Cup Handicap (PA) Dh70,000 1,400m, Winner AF Makerah, Sean Kirrane, Ernst Oertel
6pm: Handicap (PA) Dh80,000 1,600m, Winner Maaly Al Reef, Brett Doyle, Abdallah Al Hammadi
6.30pm: Handicap (PA) Dh90,000 1,600m, Winner AF Momtaz, Antonio Fresu, Musabah Al Muhairi
7pm: Handicap (PA) Dh80,000 2,200m, Winner Morjanah Al Reef, Brett Doyle, Abdallah Al Hammadi
7.30pm: Handicap (TB) Dh100,000 2,200m, Winner Mudarrab, Jim Crowley, Erwan Charpy
The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
Infiniti QX80 specs
Engine: twin-turbocharged 3.5-liter V6
Power: 450hp
Torque: 700Nm
Price: From Dh450,000, Autograph model from Dh510,000
Available: Now
UAE currency: the story behind the money in your pockets
Zayed Sustainability Prize
MATCH INFO
Uefa Champions League semi-final, second leg result:
Ajax 2-3 Tottenham
Tottenham advance on away goals rule after tie ends 3-3 on aggregate
Final: June 1, Madrid
Stage result
1. Pascal Ackermann (GER) Bora-Hansgrohe, in 3:29.09
2. Caleb Ewan (AUS) Lotto-Soudal
3. Rudy Barbier (FRA) Israel Start-Up Nation
4. Dylan Groenewegen (NED) Jumbo-Visma
5. Luka Mezgec (SLO) Mitchelton-Scott
6. Alberto Dainese (ITA) Sunweb
7. Jakub Mareczko (ITA) CCC
8. Max Walscheid (GER) NTT
9. José Rojas (ESP) Movistar
10. Andrea Vendrame (ITA) Ag2r La Mondiale, all at same time
The full list of 2020 Brit Award nominees (winners in bold):
British group
Coldplay
Foals
Bring me the Horizon
D-Block Europe
Bastille
British Female
Mabel
Freya Ridings
FKA Twigs
Charli xcx
Mahalia
British male
Harry Styles
Lewis Capaldi
Dave
Michael Kiwanuka
Stormzy
Best new artist
Aitch
Lewis Capaldi
Dave
Mabel
Sam Fender
Best song
Ed Sheeran and Justin Bieber - I Don’t Care
Mabel - Don’t Call Me Up
Calvin Harrison and Rag’n’Bone Man - Giant
Dave - Location
Mark Ronson feat. Miley Cyrus - Nothing Breaks Like A Heart
AJ Tracey - Ladbroke Grove
Lewis Capaldi - Someone you Loved
Tom Walker - Just You and I
Sam Smith and Normani - Dancing with a Stranger
Stormzy - Vossi Bop
International female
Ariana Grande
Billie Eilish
Camila Cabello
Lana Del Rey
Lizzo
International male
Bruce Springsteen
Burna Boy
Tyler, The Creator
Dermot Kennedy
Post Malone
Best album
Stormzy - Heavy is the Head
Michael Kiwanuka - Kiwanuka
Lewis Capaldi - Divinely Uninspired to a Hellish Extent
Dave - Psychodrama
Harry Styles - Fine Line
Rising star
Celeste
Joy Crookes
beabadoobee
GIANT REVIEW
Starring: Amir El-Masry, Pierce Brosnan
Director: Athale
Rating: 4/5
RESULTS
Manchester United 2
Anthony Martial 30'
Scott McTominay 90 6'
Manchester City 0
more from Janine di Giovanni
I Care A Lot
Directed by: J Blakeson
Starring: Rosamund Pike, Peter Dinklage
3/5 stars
Killing of Qassem Suleimani
Q&A with Dash Berlin
Welcome back. What was it like to return to RAK and to play for fans out here again?
It’s an amazing feeling to be back in the passionate UAE again. Seeing the fans having a great time that is what it’s all about.
You're currently touring the globe as part of your Legends of the Feels Tour. How important is it to you to include the Middle East in the schedule?
The tour is doing really well and is extensive and intensive at the same time travelling all over the globe. My Middle Eastern fans are very dear to me, it’s good to be back.
You mix tracks that people know and love, but you also have a visually impressive set too (graphics etc). Is that the secret recipe to Dash Berlin's live gigs?
People enjoying the combination of the music and visuals are the key factor in the success of the Legends Of The Feel tour 2018.
Have you had some time to explore Ras al Khaimah too? If so, what have you been up to?
Coming fresh out of Las Vegas where I continue my 7th annual year DJ residency at Marquee, I decided it was a perfect moment to catch some sun rays and enjoy the warm hospitality of Bab Al Bahr.
Biggest%20applause
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The specs
Engine: 3.0-litre six-cylinder MHEV
Power: 360bhp
Torque: 500Nm
Transmission: eight-speed automatic
Price: from Dh282,870
On sale: now
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
The biog
Name: Mariam Ketait
Emirate: Dubai
Hobbies: I enjoy travelling, experiencing new things, painting, reading, flying, and the French language
Favourite quote: "Be the change you wish to see" - unknown
Favourite activity: Connecting with different cultures
WHEN TO GO:
September to November or March to May; this is when visitors are most likely to see what they’ve come for.
WHERE TO STAY:
Meghauli Serai, A Taj Safari - Chitwan National Park resort (tajhotels.com) is a one-hour drive from Bharatpur Airport with stays costing from Dh1,396 per night, including taxes and breakfast. Return airport transfers cost from Dh661.
HOW TO GET THERE:
Etihad Airways regularly flies from Abu Dhabi to Kathmandu from around Dh1,500 per person return, including taxes. Buddha Air (buddhaair.com) and Yeti Airlines (yetiairlines.com) fly from Kathmandu to Bharatpur several times a day from about Dh660 return and the flight takes just 20 minutes. Driving is possible but the roads are hilly which means it will take you five or six hours to travel 148 kilometres.
Profile
Co-founders of the company: Vilhelm Hedberg and Ravi Bhusari
Launch year: In 2016 ekar launched and signed an agreement with Etihad Airways in Abu Dhabi. In January 2017 ekar launched in Dubai in a partnership with the RTA.
Number of employees: Over 50
Financing stage: Series B currently being finalised
Investors: Series A - Audacia Capital
Sector of operation: Transport
RESULTS
5pm Maiden (PA) Dh70,000 (Dirt) 1,400m
Winner AF Nashrah, Tadhg O’Shea (jockey), Ernst Oertel (trainer)
5.30pm Maiden (PA) Dh70,000 (D) 1,400m
Winner Mutaqadim, Riccardo Iacopini, Ibrahim Al Hadhrami.
6pm Maiden (PA) Dh70,000 (D) 1,600m
Winner Hameem, Jose Santiago, Abdallah Al Hammadi.
6.30pm Maiden (PA) Dh70,000 (D) 1,600m
Winner AF Almomayaz, Sandro Paiva, Ali Rashid Al Raihe.
7pm Handicap (PA) Dh70,000 (D) 1,800m
Winner Dalil Al Carrere, Fernando Jara, Mohamed Daggash.
7.30pm Handicap (TB) Dh70,000 (D) 1,000m
Winner Lahmoom, Royston Ffrench, Salem bin Ghadayer.
8pm Handicap (PA) Dh70,000 (D) 1,000m
Winner Jayide Al Boraq, Bernardo Pinheiro, Khalifa Al Neyadi.
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.”
RESULTS
Main card
Bantamweight 56.4kg: Mehdi Eljamari (MAR) beat Abrorbek Madiminbekov (UZB), Split points decision
Super heavyweight 94 kg: Adnan Mohammad (IRN) beat Mohammed Ajaraam (MAR), Split points decision
Lightweight 60kg: Zakaria Eljamari (UAE) beat Faridoon Alik Zai (AFG), RSC round 3
Light heavyweight 81.4kg: Taha Marrouni (MAR) beat Mahmood Amin (EGY), Unanimous points decision
Light welterweight 64.5kg: Siyovush Gulmamadov (TJK) beat Nouredine Samir (UAE), Unanimous points decision
Light heavyweight 81.4kg: Ilyass Habibali (UAE) beat Haroun Baka (ALG), KO second round
Race card
6.30pm: Maiden (TB) Dh 82,500 (Dirt) 1.600m
7.05pm: Maiden (TB) Dh 82,500 (D) 2,000m
7.50pm: Handicap (TB) Dh 82,500 (D) 1,600m
8.15pm: The Garhoud Sprint Listed (TB) Dh 132,500 (D) 1,200m
8.50pm: The Entisar Listed (TB) Dh 132,500 (D) 2,000m
9.25pm: Conditions (TB) Dh 120,000 (D) 1,400m
Some of Darwish's last words
"They see their tomorrows slipping out of their reach. And though it seems to them that everything outside this reality is heaven, yet they do not want to go to that heaven. They stay, because they are afflicted with hope." - Mahmoud Darwish, to attendees of the Palestine Festival of Literature, 2008
His life in brief: Born in a village near Galilee, he lived in exile for most of his life and started writing poetry after high school. He was arrested several times by Israel for what were deemed to be inciteful poems. Most of his work focused on the love and yearning for his homeland, and he was regarded the Palestinian poet of resistance. Over the course of his life, he published more than 30 poetry collections and books of prose, with his work translated into more than 20 languages. Many of his poems were set to music by Arab composers, most significantly Marcel Khalife. Darwish died on August 9, 2008 after undergoing heart surgery in the United States. He was later buried in Ramallah where a shrine was erected in his honour.
The National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young
match info
Union Berlin 0
Bayern Munich 1 (Lewandowski 40' pen, Pavard 80')
Man of the Match: Benjamin Pavard (Bayern Munich)
UAE currency: the story behind the money in your pockets
MATCH INFO
Manchester United 2 (Heaton (og) 42', Lindelof 64')
Aston Villa 2 (Grealish 11', Mings 66')
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
The more serious side of specialty coffee
While the taste of beans and freshness of roast is paramount to the specialty coffee scene, so is sustainability and workers’ rights.
The bulk of genuine specialty coffee companies aim to improve on these elements in every stage of production via direct relationships with farmers. For instance, Mokha 1450 on Al Wasl Road strives to work predominantly with women-owned and -operated coffee organisations, including female farmers in the Sabree mountains of Yemen.
Because, as the boutique’s owner, Garfield Kerr, points out: “women represent over 90 per cent of the coffee value chain, but are woefully underrepresented in less than 10 per cent of ownership and management throughout the global coffee industry.”
One of the UAE’s largest suppliers of green (meaning not-yet-roasted) beans, Raw Coffee, is a founding member of the Partnership of Gender Equity, which aims to empower female coffee farmers and harvesters.
Also, globally, many companies have found the perfect way to recycle old coffee grounds: they create the perfect fertile soil in which to grow mushrooms.
Results
6.30pm: Mazrat Al Ruwayah – Group 2 (PA) $36,000 (Dirt) 1,600m, Winner: RB Money To Burn, Tadhg O’Shea (jockey), Eric Lemartinel (trainer)
7.05pm: Handicap (TB) $68,000 (Turf) 2,410m, Winner: Star Safari, William Buick, Charlie Appleby
7.40pm: Meydan Trophy – Conditions (TB) $50,000 (T) 1,900m, Winner: Secret Protector, William Buick, Charlie Appleby
8.15pm: Al Maktoum Challenge Round 2 - Group 2 (TB) $293,000 (D) 1,900m, Winner: Salute The Soldier, Adrie de Vries, Fawzi Nass
8.50pm: Al Rashidiya – Group 2 (TB) $163,000 (T) 1,800m, Winner: Zakouski, William Buick, Charlie Appleby
9.25pm: Handicap (TB) $65,000 (T) 1,000m, Winner: Motafaawit, Sam Hitchcock, Doug Watson
Stage 5 results
1 Tadej Pogacar (SLO) UAE Team Emirates 3:48:53
2 Alexey Lutsenko (KAZ) Astana Pro Team -
3 Adam Yates (GBR) Mitchelton-Scott -
4 David Gaudu (FRA) Groupama-FDJ 0:00:04
5 Ilnur Zakarin (RUS) CCC Team 0:00:07
General Classification:
1 Adam Yates (GBR) Mitchelton-Scott 20:35:04
2 Tadej Pogacar (SlO) UAE Team Emirates 0:01:01
3 Alexey Lutsenko (KAZ) Astana Pro Team 0:01:33
4 David Gaudu (FRA) Groupama-FDJ 0:01:48
5 Rafał Majka (POL) Bora-Hansgrohe 0:02:11
Our legal consultants
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
The Vile
Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah
Director: Majid Al Ansari
Rating: 4/5
TALE OF THE TAPE
Manny Pacquiao
Record: 59-6-2 (38 KOs)
Age: 38
Weight: 146lbs
Height: 166cm
Reach: 170cm
Jeff Horn
Record: 16-0-1 (11 KOs)
Age: 29
Weight: 146.2lbs
Height: 175cm
Reach: 173cm
Team Angel Wolf Beach Blast takes place every Wednesday between 4:30pm and 5:30pm
COMPANY PROFILE
Name: Akeed
Based: Muscat
Launch year: 2018
Number of employees: 40
Sector: Online food delivery
Funding: Raised $3.2m since inception
UAE%20SQUAD
%3Cp%3EMuhammad%20Waseem%20(captain)%2C%20Aayan%20Khan%2C%20Aryan%20Lakra%2C%20Ashwanth%20Valthapa%2C%20Asif%20Khan%2C%20Aryansh%20Sharma%2C%20CP%20Rizwaan%2C%20Hazrat%20Billal%2C%20Junaid%20Siddique%2C%20Karthik%20Meiyappan%2C%20Rohan%20Mustafa%2C%20Vriitya%20Aravind%2C%20Zahoor%20Khan%20and%20Zawar%20Farid.%3C%2Fp%3E%0A
The specs
Engine: 5.2-litre twin-turbo V12
Transmission: eight-speed automatic
Power: 715bhp
Torque: 900Nm
Price: Dh1,289,376
On sale: now
From exhibitions to the battlefield
In 2016, the Shaded Dome was awarded with the 'De Vernufteling' people's choice award, an annual prize by the Dutch Association of Consulting Engineers and the Royal Netherlands Society of Engineers for the most innovative project by a Dutch engineering firm.
It was assigned by the Dutch Ministry of Defence to modify the Shaded Dome to make it suitable for ballistic protection. Royal HaskoningDHV, one of the companies which designed the dome, is an independent international engineering and project management consultancy, leading the way in sustainable development and innovation.
It is driving positive change through innovation and technology, helping use resources more efficiently.
It aims to minimise the impact on the environment by leading by example in its projects in sustainable development and innovation, to become part of the solution to a more sustainable society now and into the future.
Banthology: Stories from Unwanted Nations
Edited by Sarah Cleave, Comma Press
How to watch Ireland v Pakistan in UAE
When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.
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
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