• This weekend UAE cinema-goers can relive Titanic in 4K and 3D, as part of the film's 25th anniversary. All Photos: Paramount Pictures
    This weekend UAE cinema-goers can relive Titanic in 4K and 3D, as part of the film's 25th anniversary. All Photos: Paramount Pictures
  • Starring Leonardo DiCaprio and Kate Winslet, the film at the time was the most expensive yet made
    Starring Leonardo DiCaprio and Kate Winslet, the film at the time was the most expensive yet made
  • James Cameron on how he pitched the film: 'I flipped [to] a big image of the Titanic sinking, the lifeboats rolling away, the rockets going off ... I said to to the head of 20th Century Fox: Romeo and Juliet. On that.'
    James Cameron on how he pitched the film: 'I flipped [to] a big image of the Titanic sinking, the lifeboats rolling away, the rockets going off ... I said to to the head of 20th Century Fox: Romeo and Juliet. On that.'
  • Today, Cameron says, 'My impulses as a filmmaker, my aesthetic, they haven't changed — I would still tell the love story'
    Today, Cameron says, 'My impulses as a filmmaker, my aesthetic, they haven't changed — I would still tell the love story'
  • 'Our approach would be different, but the end result? I don't think that would be different, not at all'
    'Our approach would be different, but the end result? I don't think that would be different, not at all'
  • Titanic, Cameron says, 'has this enduring, almost mythic quality to do with love, and sacrifice, and mortality'
    Titanic, Cameron says, 'has this enduring, almost mythic quality to do with love, and sacrifice, and mortality'
  • 'The men who stepped back from the lifeboats so the women and children could survive, there's something very elegant about the whole thing'
    'The men who stepped back from the lifeboats so the women and children could survive, there's something very elegant about the whole thing'
  • The first film to rake in $2 billion at the box office, Titanic sits alongside Ben Hur as the most awarded film in Oscars history
    The first film to rake in $2 billion at the box office, Titanic sits alongside Ben Hur as the most awarded film in Oscars history
  • After lengthy scientific experimentation, Cameron has conceded that Jack may have been able to survive after all
    After lengthy scientific experimentation, Cameron has conceded that Jack may have been able to survive after all
  • But, he adds, 'It’s like Romeo and Juliet. The love is measured by the sacrifice. Maybe I didn’t do it in a way that everyone agrees with, but Jack had to die'
    But, he adds, 'It’s like Romeo and Juliet. The love is measured by the sacrifice. Maybe I didn’t do it in a way that everyone agrees with, but Jack had to die'

Titanic at 25: James Cameron finally settles the score on whether Jack would have survived


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It’s been 25 years since James Cameron’s epic romance Titanic first graced cinema screens in December 1997, and this weekend the film marks the occasion with a return to the big screen — in 4K and 3D.

There are many factors that mark the film out as a blockbuster among blockbusters. Its whopping, $200 million budget — the most expensive film yet made at the time — allowed Cameron to take his renowned perfectionism to its logical conclusion, extensively exploring the wreck site before building a 750-foot replica ship in the Mexican desert.

Cameron is at pains to note that the set, 100ft shorter than the actual Titanic, was not a “90 per cent-scale replica” but “a 100 per cent-scale replica with a slice out here and a slice out there to shorten it”.

The chemistry between leads Leonardo DiCaprio and Kate Winslet stands among the all-time great Hollywood pairings and with 11 Oscars it is up there alongside Ben Hur as the most awarded film in Oscars history. It is also one of a handful of films to take more than $2 billion at the global box office, and the only one from before 2000 to do so.

Even its three-hour runtime was notable, successfully disproving 90s Hollywood orthodoxy that audiences would not tolerate films longer than a couple of hours.

For writer, editor, producer and director Cameron, however, it is the story alone that is the movie’s biggest star. “There have been much greater tragedies since Titanic, but it has this enduring, almost mythic quality to do with love, and sacrifice, and mortality,” Cameron tells The National from his New Zealand home. “The men who stepped back from the lifeboats so the women and children could survive, there's something very elegant about the whole thing.”

The tragedy of the ill-fated ship’s demise has certainly resonated through the ages, and featured in numerous movie adaptations before Cameron’s 1997 opus came to screens. Perhaps his masterstroke was, against a backdrop of mass human tragedy, focusing on the more intimate tale of love between the fictional pairing of Jack and Rose.

“When we pitched it at 20th Century Fox, I went in with this big book of paintings of the Titanic, and I flipped it open to the centrefold, a big image of the Titanic sinking, the lifeboats rolling away, the rockets going off, an absolutely gorgeous image,” he recalls. “I said to to the head of 20th Century Fox: ‘Romeo and Juliet. On that.’ That was it. That was my pitch.”

Given the film’s rapturous reception, you could assume Cameron had already achieved perfection, but every few years it resurfaces in cinemas, and each time Cameron, always an evangelist for the latest movie technology, tweaks the template, this time with a 4k, 3D re-rub.

Despite the technological leaps over the past quarter of a century, however, Cameron insists that if he came to Titanic afresh in 2023, we’d see much the same movie as we did in 1997. “My impulses as a filmmaker, my aesthetic, they haven't changed — I would still tell the love story,” he says.

“But the technique, everything is different now. We would use a lot more CG and build a lot less set. We would use CG crowds because now we know how to make it indistinguishable from photography. Our approach would be different, but the end result? I don't think that would be different, not at all. We'd shoot the same script, we'd have the same values, the cinematography would look the same, but we wouldn't be building a 750-foot set and tying up every light and bit of cable in Hollywood.”

One thing Cameron may treat differently is one of the most debated topics in modern cinema history — the question of (spoiler alert) whether, in the film’s dramatic closing scenes, when Jack sacrifices himself to allow his beloved to safely float on a passing door to await rescue, the pair could in fact both have survived on the makeshift raft.

It’s a question he has clearly heard more times than he would like, so in an effort to settle the debate once and for all, the perennial perfectionist has carried out a filmed experiment, using two stunt actors of the exact body mass of his leads, to scientifically determine whether the pair could both have survived.

Titanic: 25 Years Later With James Cameron screened on National Geographic in the US last weekend, with a global release on Disney+ expected imminently. In most scenarios, Cameron concluded that Jack would indeed have died, although his painstaking research did reveal certain scenarios in which Jack “just might have made it”.

The debate rages on then, but for Cameron the question is moot: “He needed to die. It’s like Romeo and Juliet. The love is measured by the sacrifice. Maybe I didn’t do it in a way that everyone agrees with, but Jack had to die.”

Titanic 25th Anniversary is out now in UAE cinemas

Veere di Wedding
Dir: Shashanka Ghosh
Starring: Kareena Kapoo-Khan, Sonam Kapoor, Swara Bhaskar and Shikha Talsania ​​​​​​​
Verdict: 4 Stars

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet
UAE currency: the story behind the money in your pockets
LA LIGA FIXTURES

Friday Celta Vigo v Villarreal (midnight kick-off UAE)

Saturday Sevilla v Real Sociedad (4pm), Atletico Madrid v Athletic Bilbao (7.15pm), Granada v Barcelona (9.30pm), Osasuna v Real Madrid (midnight)

Sunday Levante v Eibar (4pm), Cadiz v Alaves (7.15pm), Elche v Getafe (9.30pm), Real Valladolid v Valencia (midnight)

Monday Huesca v Real Betis (midnight)

The currency conundrum

Russ Mould, investment director at online trading platform AJ Bell, says almost every major currency has challenges right now. “The US has a huge budget deficit, the euro faces political friction and poor growth, sterling is bogged down by Brexit, China’s renminbi is hit by debt fears while slowing Chinese growth is hurting commodity exporters like Australia and Canada.”

Most countries now actively want a weak currency to make their exports more competitive. “China seems happy to let the renminbi drift lower, the Swiss are still running quantitative easing at full tilt and central bankers everywhere are actively talking down their currencies or offering only limited support," says Mr Mould.

This is a race to the bottom, and everybody wants to be a winner.

Empires%20of%20the%20Steppes%3A%20A%20History%20of%20the%20Nomadic%20Tribes%20Who%20Shaped%20Civilization
%3Cp%3E%3Cstrong%3EAuthor%3A%20%3C%2Fstrong%3EKenneth%20W%20Harl%3Cstrong%3E%3Cbr%3EPublisher%3A%20%3C%2Fstrong%3EHanover%20Square%20Press%3Cstrong%3E%3Cbr%3EPages%3A%20%3C%2Fstrong%3E576%3C%2Fp%3E%0A

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.”

The President's Cake

Director: Hasan Hadi

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

Rating: 4/5

UAE currency: the story behind the money in your pockets
Rafael Nadal's record at the MWTC

2009 Finalist

2010 Champion

Jan 2011 Champion

Dec 2011 Semi-finalist

Dec 2012 Did not play

Dec 2013 Semi-finalist

2015 Semi-finalist

Jan 2016 Champion

Dec 2016 Champion

2017 Did not play

 

THE%20SPECS
%3Cp%3EEngine%3A%203-litre%20V6%20turbo%20(standard%20model%2C%20E-hybrid)%3B%204-litre%20V8%20biturbo%20(S)%0D%3Cbr%3EPower%3A%20350hp%20(standard)%3B%20463hp%20(E-hybrid)%3B%20467hp%20(S)%0D%3Cbr%3ETorque%3A%20500Nm%20(standard)%3B%20650Nm%20(E-hybrid)%3B%20600Nm%20(S)%0D%0D%3Cbr%3EPrice%3A%20From%20Dh368%2C500%0D%3Cbr%3EOn%20sale%3A%20Now%3C%2Fp%3E%0A
PROFILE OF INVYGO

Started: 2018

Founders: Eslam Hussein and Pulkit Ganjoo

Based: Dubai

Sector: Transport

Size: 9 employees

Investment: $1,275,000

Investors: Class 5 Global, Equitrust, Gulf Islamic Investments, Kairos K50 and William Zeqiri

Updated: February 10, 2023, 6:02 PM