"The night begins when Hilary gets here, and Hilary gets here when she wants," one of MEIFF's many red carpet wranglers told me sternly.
I was on the other side of the velvet rope and had asked her whether the evening was going to schedule, as several hundred invited guests from the across the film world filed into the auditorium at Emirates Palace and began taking their seats. Thursday night's gala screening was of the controversial Egyptian film The Traveller by the first-time feature director Ahmed Maher.
After the black-clad Demi Moore made her way down the red carpet, many of the photographers and journalists on my side of the rope were ready to pack up and leave. Only a select few had heard that Hilary Swank was in town. To prevent the Oscar winner from having to walk a desolate red carpet, a MEIFF organiser let slip to photographers that "Hilary Swank will be here in one minute".
By the time she arrived - almost half an hour later - there were enough members of the media grappling for photos and quotes for the event to justifiably be called a scrum.
While a fuss was being made about the Million Dollar Baby star outside, the many hundreds of invitees, including the Slumdog Millionaire actress Freida Pinto and the designer of the moment Jason Wu, were getting a little restless in the auditorium.
Once proceedings began, the film festival's director, Peter Scarlet, did his best to amuse the highly talented mass, and did a splendid job of it. A huge improvement on last year's event, the speeches were kept short and to the point and did not eat into the screening or, most importantly for some, the late-night partying.
And when the impossibly elegant Swank strode across the stage, revealed by Scarlet as the person chosen to present Vanessa Redgrave's lifetime achievement award, the audience clearly felt the wait had been worth it.
After a few moments in the limelight, Swank trotted off the stage, (she had an early flight back to the US on Friday) and the night's film screening drew closer.
Not for me, though. I was fortunate enough to interview Swank and had to miss the film. What I did witness, however, was the audience's reaction at the post-screening party in the grounds of Emirates Palace.
The Traveller covers three days in a man's life, one in 1948, another in 1973 and the last in 2001. Many who had seen the film drew comparisons to Fellini's opulent visual style of - no surprise, considering Maher's long apprenticeship in Italy.
However, a rape scene is at the heart of the story - not a problem it itself, perhaps, except that many audience members felt the director's presentation of the event was troubling.
On paper, The Traveller seemed the ideal film to open MEIFF. It's an Arabic-language production, was funded by the Egyptian Ministry of Culture and stars the most globally famous Arab actor of all time Omar Sharif. Prior to the festival's opening, Scarlet said he was "excited" by the prospect of showing a film with the power to polarise audiences.
However, many who attended the screening felt it was not only a challenging and difficult piece of work, but also a questionable programming choice.
At yesterday morning's busy press conference, Scarlet said: "I liked the film. Nobody can pick a film that everyone likes. Choosing a film for the opening night is always one of the most difficult things to do."
Whatever the case, attendees did not feel that the choice of opening film cast a dark cloud over this year's event, and many expressed excitement about what treats the coming days might bring.
Friday got off to a subdued start after the previous night's partying. The festival hospitality tent was officially opened, and a leisurely filmmakers' lunch was held.
The world premier of the director Mohamed al Daradji's Son of Babylon was the day's cinematic triumph, and gained a standing ovation at the packed screening. The film tells the story of a Kurdish-Iraqi grandmother who, three weeks after the fall of Saddam Hussein, visits a series of mass graves in search of her lost son.
Audience members said the film was both harrowing and moving and shared a number of similarities with the director's previous work, most notably 2005's Ahlaam. Some said that Son of Babylon represents a coming of age for Al Daradji, who was in attendance, and noted that the film flowed better and was more visually arresting than any of his previous works.
Friday's screening of The September Issue, a documentary about US Vogue magazine, brought a hint of glamour to MEIFF's second day. The film was both well attended and warmly received, and many audience members said they were amazed by how funny it was. If there was one criticism, however, it was that the film did not gain as much access to the notoriously fierce fashionista Anna Wintour as some would have liked. At times it even seemed as though the magazine's editor-in-chief was remarkably restrained.
Expectations were high for today's screening of the children's movie Shorts, directed by Robert Rodriguez and co-financed by Abu Dhabi's film fund Imagenation.
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)
SPECS
Engine: 4-litre V8 twin-turbo
Power: 630hp
Torque: 850Nm
Transmission: 8-speed Tiptronic automatic
Price: From Dh599,000
On sale: Now
Thank You for Banking with Us
Director: Laila Abbas
Starring: Yasmine Al Massri, Clara Khoury, Kamel El Basha, Ashraf Barhoum
Rating: 4/5
Health Valley
Founded in 2002 and set up as a foundation in 2006, Health Valley has been an innovation in healthcare for more than 10 years in Nijmegen, the Netherlands.
It serves as a place where companies, businesses, universities, healthcare providers and government agencies can collaborate, offering a platform where they can connect and work together on healthcare innovation.
Its partners work on technological innovation, new forms of diagnostics and other methods to make a difference in healthcare.
Its agency consists of eight people, four innovation managers and office managers, two communication advisers and one director. It gives innovation support to businesses and other parties in its network like a broker, connecting people with the right organisation to help them further
Cricket World Cup League 2
UAE squad
Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind
Fixtures
Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE
Company%20Profile
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Company%20profile
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Points about the fast fashion industry Celine Hajjar wants everyone to know
- Fast fashion is responsible for up to 10 per cent of global carbon emissions
- Fast fashion is responsible for 24 per cent of the world's insecticides
- Synthetic fibres that make up the average garment can take hundreds of years to biodegrade
- Fast fashion labour workers make 80 per cent less than the required salary to live
- 27 million fast fashion workers worldwide suffer from work-related illnesses and diseases
- Hundreds of thousands of fast fashion labourers work without rights or protection and 80 per cent of them are women
The biog
Name: Timothy Husband
Nationality: New Zealand
Education: Degree in zoology at The University of Sydney
Favourite book: Lemurs of Madagascar by Russell A Mittermeier
Favourite music: Billy Joel
Weekends and holidays: Talking about animals or visiting his farm in Australia
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.”
Singham Again
Director: Rohit Shetty
Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone
Rating: 3/5
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
Company%20Profile
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Moon Music
Artist: Coldplay
Label: Parlophone/Atlantic
Number of tracks: 10
Rating: 3/5
'The Lost Daughter'
Director: Maggie Gyllenhaal
Starring: Olivia Colman, Jessie Buckley, Dakota Johnson
Rating: 4/5