The Force Awakens big winner at MTV Movie Awards



Star Wars: Episode VII – The Force Awakens was the big winner at the 25th annual MTV Movie Awards. It won the night's biggest prize, Movie of the Year, while Daisy Ridley, who plays Rey, won Best Breakthrough award, and Adam Driver won Best Villain for his turn as Kylo Ren. Dwayne Johnson and Kevin Hart hosted the show, opening it Mad Max style by riding through the studios strapped to the front of a tricked-out truck. Will Smith and Melissa McCarthy received special honours – the Generation Award for Smith and the Comedic Genius award for McCarthy – and their heartfelt speeches were respites of sincerity in an otherwise lighthearted show. Other winners included Chris Pratt (action performance for Jurassic World), Amy Poehler (virtual performance in Inside Out), and Straight Outta Compton, which won for true story. Ryan Reynolds won two prizes for Deadpool: comedic performance and best fight, which he shared with Ed Skein.

– AP

Broken foot can’t stop Guns n’ Roses reunion

The long-awaited reunion of rock band Guns N' Roses hit a snag before it even properly began when singer Axl Rose broke his foot. Gigs in Las Vegas on Friday and Saturday marked the start of a tour that reunites Rose with guitarist Slash and bassist Duff McKagen for the first time in 23 years. But Rose had to perform with his leg in a cast, sitting on the same chair Foo Fighters frontman Dave Grohl used after breaking his leg last year. It seems Rose had a mishap at a secret warm-up gig, at Hollywood's Troubadour club, on April 1, requiring emergency surgery. "This is what can happen when you do something you haven't done in nearly over 23 years," Rose wrote on Twitter. Guns N' Roses go will headline California's Coachella festival this weekend, before embarking on a 25-date North American tour. – The National staff

Patralekha to star in Anees Bazmee’s film

Actress Patralekha, whose latest release is Love Games, has signed up for Anees Bazmee's next, as-yet untitled project. "I'm thrilled to be working with Anees on my next project," she said. "It's a powerful script and a brand-new challenge for me. I can't talk much about my role by it will be something I haven't done so far and I'm looking forward to it." The film, said to be female-orientated, is expected to open at the end of this year. Meanwhile, Patralekha is enjoying the positive response to Love Games, in which she stars as Ramona, who is dangerous, materialistic and leads an immoral lifestyle. The Vikram Bhatt feature was released in India on Friday. – IANS

Taylor Swift was year’s big earner

Singer Taylor Swift was the highest paid celebrity last year, leaving Oscar-winning actor Leonardo DiCaprio and rapper Jay Z trailing in her wake. Swift, 26, topped Parade magazine's annual What People Earn list. She made an estimated US$80 million [Dh294m] last year from her sold-out world tour and numerous business deals. The pop-star also has a mobile game in the works, which will be launched this year. Lady Gaga earned an estimated $59m, while Jay Z raked in $56m from business ventures, including his streaming service Tidal. DiCaprio, 41, made an estimated $29m. – IANS

Singer Ivan goes too far to succeed

Belarusian singer Ivan plans to take next month’s Eurovision Song Contest by storm – performing completely naked with a wolf at his side. But his plan may prove too much even for a show known as an annual celebration of weirdness, to be held this year in Stockholm next month. The act by the lanky 21-year-old was dreamt up by Viktor Drobysh, a well-known Russian producer with a strong Eurovision track record. “It’s undoubtedly an experience, a great experience,” Ivan, whose real name is Alexander Ivanov, told AFP. “Especially as I have never performed on stage before in my birthday suit and with wild animals.” The problem? It is not clear whether the act will be allowed to go ahead. Eurovision bans animals on stage. And while there is no rule on nudity, spokesman Paul Jordan told AFP this is “not appropriate” for a family show. Drobysh insists the performance is an artistic statement. – AFP

The Perfect Couple

Starring: Nicole Kidman, Liev Schreiber, Jack Reynor

Creator: Jenna Lamia

Rating: 3/5

Company%20Profile
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How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

Dunki
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The%20Beekeeper
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Family reunited

Nazanin Zaghari-Ratcliffe was born and raised in Tehran and studied English literature before working as a translator in the relief effort for the Japanese International Co-operation Agency in 2003.

She moved to the International Federation of Red Cross and Red Crescent Societies before moving to the World Health Organisation as a communications officer.

She came to the UK in 2007 after securing a scholarship at London Metropolitan University to study a master's in communication management and met her future husband through mutual friends a month later.

The couple were married in August 2009 in Winchester and their daughter was born in June 2014.

She was held in her native country a year later.

COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
Director: Venkat Prabhu
Rating: 2/5
UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

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The Light of the Moon

Director: Jessica M Thompson

Starring: Stephanie Beatriz, Michael Stahl-David

Three stars

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The Penguin

Starring: Colin Farrell, Cristin Milioti, Rhenzy Feliz

Creator: Lauren LeFranc

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.”

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