Oscar-winning composer AR Rahman will score the music for Emirati's filmmaker Nayla Al Khaja's forthcoming feature 'Baab'. Photo: Nayla Al Khaja
Oscar-winning composer AR Rahman will score the music for Emirati's filmmaker Nayla Al Khaja's forthcoming feature 'Baab'. Photo: Nayla Al Khaja
Oscar-winning composer AR Rahman will score the music for Emirati's filmmaker Nayla Al Khaja's forthcoming feature 'Baab'. Photo: Nayla Al Khaja
Oscar-winning composer AR Rahman will score the music for Emirati's filmmaker Nayla Al Khaja's forthcoming feature 'Baab'. Photo: Nayla Al Khaja

A R Rahman and Nayla Al Khaja team up for Emirati thriller set in Ras Al Khaimah


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Pathbreaking Emirati filmmaker Nayla Al Khaja is teaming up with Oscar-winning composer A R Rahman for her forthcoming feature, the mystery thriller Baab, set in Ras Al Khaimah.

Rahman, who earned global fame for his work on the soundtrack of Slumdog Millionaire, will score the music for Khaja's film, scheduled to begin shooting in March 2023.

The film, co-written by Al Khaja and writer Masoud Amralla Al Ali, follows Wahida, who is haunted by the mysterious death of her twin sister. The discovery of hidden cassette tapes then leads her on a relentless pursuit to find answers and deal with her own grief.

The northern Emirate will provide the film's dramatic backdrop and will cast indigenous people from Ras Al Khaimah, Al Khaja said.

“My grandmother came from the mountains, they have never been captured in a feature before," she said. "The sheer access to the indigenous people of Ras Al Khaimah and the soulful script is an untold story that I am eager to tell. With AR Rahman on board, we will live a very immersive journey that is authentic, haunting and real."

Rahman, who has also won Bafta, Golden Globe and Grammy awards, has sold more than 200 million records worldwide and worked on more than 145 films.

“I’m delighted to be working with Nayla on her feature film," he said. "She’s a passionate and promising filmmaker and an important creative voice within the Gulf region.

"The script is enigmatic, thought-provoking and promises to be both visually and emotionally engaging for universal audiences. I’m looking forward to the journey.”

Besides Baab, Al Khaja, one of the pioneering Emirati filmmakers, is also in pre-production on her debut feature film Three, which is scheduled to go into production later this year. She is the executive producer for The Alexandria Killings, the serial-killer series from Front Row Filmed Entertainment and Rocket Science’s joint Middle East film and TV company Yalla Yalla.

Oscar-winning writer-director Terry George (Hotel Rwanda, In the Name of the Father) is at the helm, along with celebrated Egyptian writer Mariam Naoum to co-write.

A R Rahman's Firdaus Orchestra rehearses in Dubai – in pictures:

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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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MATCH INFO

Champions League quarter-final, first leg

Manchester United v Barcelona, Wednesday, 11pm (UAE)

Match on BeIN Sports

Tour de France

When: July 7-29

UAE Team Emirates:
Dan Martin, Alexander Kristoff, Darwin Atapuma, Marco Marcato, Kristijan Durasek, Oliviero Troia, Roberto Ferrari and Rory Sutherland

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This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

Spain drain

CONVICTED

Lionel Messi Found guilty in 2016 of of using companies in Belize, Britain, Switzerland and Uruguay to avoid paying €4.1m in taxes on income earned from image rights. Sentenced to 21 months in jail and fined more than €2m. But prison sentence has since been replaced by another fine of €252,000.

Javier Mascherano Accepted one-year suspended sentence in January 2016 for tax fraud after found guilty of failing to pay €1.5m in taxes for 2011 and 2012. Unlike Messi he avoided trial by admitting to tax evasion.

Angel di Maria Argentina and Paris Saint-Germain star Angel di Maria was fined and given a 16-month prison sentence for tax fraud during his time at Real Madrid. But he is unlikely to go to prison as is normal in Spain for first offences for non-violent crimes carrying sentence of less than two years.

 

SUSPECTED

Cristiano Ronaldo Real Madrid's star striker, accused of evading €14.7m in taxes, appears in court on Monday. Portuguese star faces four charges of fraud through offshore companies.

Jose Mourinho Manchester United manager accused of evading €3.3m in tax in 2011 and 2012, during time in charge at Real Madrid. But Gestifute, which represents him, says he has already settled matter with Spanish tax authorities.

Samuel Eto'o In November 2016, Spanish prosecutors sought jail sentence of 10 years and fines totalling €18m for Cameroonian, accused of failing to pay €3.9m in taxes during time at Barcelona from 2004 to 2009.

Radamel Falcao Colombian striker Falcao suspected of failing to correctly declare €7.4m of income earned from image rights between 2012 and 2013 while at Atletico Madrid. He has since paid €8.2m to Spanish tax authorities, a sum that includes interest on the original amount.

Jorge Mendes Portuguese super-agent put under official investigation last month by Spanish court investigating alleged tax evasion by Falcao, a client of his. He defended himself, telling closed-door hearing he "never" advised players in tax matters.

Details

Through Her Lens: The stories behind the photography of Eva Sereny

Forewords by Jacqueline Bisset and Charlotte Rampling, ACC Art Books

The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet
Updated: May 11, 2022, 3:22 PM