• In an unexpected moment at the 2022 Academy Awards, actor Will Smith slaps comedian Chris Rock. AFP
    In an unexpected moment at the 2022 Academy Awards, actor Will Smith slaps comedian Chris Rock. AFP
  • Smith confronts Rock onstage at the Oscars after the comedian made a joke about his wife, Jada Pinkett Smith. AFP
    Smith confronts Rock onstage at the Oscars after the comedian made a joke about his wife, Jada Pinkett Smith. AFP
  • Rock likened Jada Pinkett Smith's hair to a GI Jane haircut, which prompted her husband to take to the stage to confront Rock in a seemingly unscripted moment. Reuters
    Rock likened Jada Pinkett Smith's hair to a GI Jane haircut, which prompted her husband to take to the stage to confront Rock in a seemingly unscripted moment. Reuters
  • Smith leaves the stage at the Oscars after slapping Rock for a remark he made about his wife Jada. She lost her hair because of alopecia. AP
    Smith leaves the stage at the Oscars after slapping Rock for a remark he made about his wife Jada. She lost her hair because of alopecia. AP
  • Smith and Jada arrive at the 94th Academy Awards in Hollywood, California. AFP
    Smith and Jada arrive at the 94th Academy Awards in Hollywood, California. AFP
  • Smith wins Best Actor in a Leading Role for his performance in King Richard, at the 2022 Oscars. AFP
    Smith wins Best Actor in a Leading Role for his performance in King Richard, at the 2022 Oscars. AFP
  • Smith, in tears, pays tribute to his wife Jada during his acceptance speech. AFP
    Smith, in tears, pays tribute to his wife Jada during his acceptance speech. AFP
  • Smith with wife Jada after he won the Oscar award for Best Actor in a Leading Role. AFP
    Smith with wife Jada after he won the Oscar award for Best Actor in a Leading Role. AFP
  • Serena Williams at the Oscar Awards on Sunday, March 27, 2022, at the Dolby Theatre in Los Angeles. AP
    Serena Williams at the Oscar Awards on Sunday, March 27, 2022, at the Dolby Theatre in Los Angeles. AP
  • Serena and sister Venus Williams introduce a performance by Beyonce at the Oscars. AP
    Serena and sister Venus Williams introduce a performance by Beyonce at the Oscars. AP
  • US tennis star Venus attends the 94th Oscars. AFP
    US tennis star Venus attends the 94th Oscars. AFP

Will Smith banned from attending Oscars for 10 years


  • English
  • Arabic

Hollywood's movie academy voted on Friday to ban actor Will Smith from attending the Oscars after he slapped comedian Chris Rock during the latest ceremony.

“Mr Smith shall not be permitted to attend any Academy events or programmes, in person or virtually, including but not limited to the Academy Awards,” the Academy of Motion Pictures Arts and Sciences President David Rubin and chief executive Dawn Hudson said in a letter.

The board met early on Friday to discuss their response to Smith for breaking its code of conduct in the slap that stunned Oscars viewers around the world.

“This action we are taking today in response to Will Smith’s behaviour is a step towards a larger goal of protecting the safety of our performers and guests, and restoring trust in the Academy. We also hope this can begin a time of healing and restoration for all involved and impacted,” the letter concluded.

Smith formally resigned from the Academy and the board moved their meeting up to Friday from April 18 as a result.

“I accept and respect the Academy’s decision,” Smith sent via a representative on Friday.

The actor hit Rock across his face after the comedian made a joke about Smith's wife Jada Pinkett Smith, who has suffered hair loss due to alopecia, with a reference to Demi Moore's crewcut in the movie GI Jane.

After he went on the stage to hit Rock, Smith yelled at Rock to keep his wife's “name out of his mouth".

Smith has apologised to Rock and the comedian has said he will not press charges.

Actors do not need to be members of the Academy to receive nominations, although each year's Oscar nominees — and winners — are voted for by members of the group.

Traditionally, the Best Actor Oscar winner is invited to present the following year's best actress award — an honour Smith will not be granted as a result of this decision.

Producers of the awards have been criticised for a lack of action during the ceremony, in which Smith received an Oscar and gave a speech shortly after the incident.

Mr Rubin and Ms Hudson addressed that in their letter.

“During our telecast, we did not adequately address the situation in the room. For this, we are sorry.”

Agencies contributed to this report

Company%C2%A0profile
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Vidaamuyarchi

Director: Magizh Thirumeni

Stars: Ajith Kumar, Arjun Sarja, Trisha Krishnan, Regina Cassandra

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.”

Three ways to boost your credit score

Marwan Lutfi says the core fundamentals that drive better payment behaviour and can improve your credit score are:

1. Make sure you make your payments on time;

2. Limit the number of products you borrow on: the more loans and credit cards you have, the more it will affect your credit score;

3. Don't max out all your debts: how much you maximise those credit facilities will have an impact. If you have five credit cards and utilise 90 per cent of that credit, it will negatively affect your score.

F1 The Movie

Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem

Director: Joseph Kosinski

Rating: 4/5

Specs%20
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The years Ramadan fell in May

1987

1954

1921

1888

The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
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Veil (Object Lessons)
Rafia Zakaria
​​​​​​​Bloomsbury Academic

Results

4.30pm Jebel Jais – Maiden (PA) Dh60,000 (Turf) 1,000m; Winner: MM Al Balqaa, Bernardo Pinheiro (jockey), Qaiss Aboud (trainer)

5pm: Jabel Faya – Maiden (PA) Dh60,000 (T) 1,000m; Winner: AF Rasam, Tadhg O’Shea, Ernst Oertel

5.30pm: Al Wathba Stallions Cup – Handicap (PA) Dh70,000 (T) 2,200m; Winner: AF Mukhrej, Tadhg O’Shea, Ernst Oertel

6pm: The President’s Cup Prep – Conditions (PA) Dh100,000 (T) 2,200m; Winner: Mujeeb, Richard Mullen, Salem Al Ketbi

6.30pm: Abu Dhabi Equestrian Club – Prestige (PA) Dh125,000 (T) 1,600m; Winner: Jawal Al Reef, Antonio Fresu, Abubakar Daud

7pm: Al Ruwais – Group 3 (PA) Dh300,000 (T) 1,200m; Winner: Ashton Tourettes, Pat Dobbs, Ibrahim Aseel

7.30pm: Jebel Hafeet – Maiden (TB) Dh80,000 (T) 1,400m; Winner: Nibraas, Richard Mullen, Nicholas Bachalard

What went into the film

25 visual effects (VFX) studios

2,150 VFX shots in a film with 2,500 shots

1,000 VFX artists

3,000 technicians

10 Concept artists, 25 3D designers

New sound technology, named 4D SRL

 

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

ANDROID%20VERSION%20NAMES%2C%20IN%20ORDER
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Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Updated: April 09, 2022, 7:53 AM