Jay-Z presents the Video Vanguard Award to his wife Beyonce as he holds their daughter Blue Ivy during the 2014 MTV Video Music Awards. Reuters
Jay-Z presents the Video Vanguard Award to his wife Beyonce as he holds their daughter Blue Ivy during the 2014 MTV Video Music Awards. Reuters

Revealed? Speculation on what Beyonce and Jay-Z twins' names could be



The wait may be over for the names of the twins of music power couple Beyonce and Jay-Z. Signs point to the names as Rumi and Sir.

The pop diva and rapper, whose real name is Shawn Carter, have filed to US authorities to copyright "Rumi Carter" and "Sir Carter," ensuring no one else profits from the names to sell anything from fragrances to music.

The filings with the US Patent and Trademark Office come from an identical California address to an earlier application for the name of the couple's five-year-old daughter, Blue Ivy Carter.

Jay-Z and Beyonce and their representative have not commented on the twin's names or even confirmed their birth, although Beyonce's father acknowledged her delivery over social media.

Gossip site TMZ first reported the copyright filings and noted that they were dated Monday, the same time the parents were said to return to their Los Angeles home with the twins.

Rumi is the name of the 13th-century Persian poet who endures as one of the best-loved writers of the Sufi spiritual tradition, with verses that celebrate love, joy and tolerance.

Jay-Z on Friday released his 13th album, 4:44, in which he alludes to Persian poetry on the song Marcy Me, which describes his upbringing in a public housing project in Brooklyn.

Appearing to liken his rhyming skills to the literary tradition, Jay-Z raps, "Sufi to the goofies / I could probably speak Farsi."

The choice of "Sir" is less obvious, although the two names raise speculation that both children are boys.

News of the twins -- first revealed when a pregnant Beyonce showed her bare baby bump on Instagram -- has delighted the two stars' fans, some of whom expect a musical dynasty along the lines of the Jacksons.

Blue Ivy has already appeared in music including on Jay-Z latest album, in a song in which the rapper vows that his family will carry on his business empire and help represent African Americans.

* AFP

SPAIN SQUAD

Goalkeepers Simon (Athletic Bilbao), De Gea (Manchester United), Sanchez (Brighton)

Defenders Gaya (Valencia), Alba (Barcelona), P Torres (Villarreal), Laporte (Manchester City), Garcia (Manchester City), D Llorente (Leeds), Azpilicueta (Chelsea)

Midfielders Busquets (Barcelona), Rodri (Manchester City), Pedri (Barcelona), Thiago (Liverpool), Koke (Atletico Madrid), Ruiz (Napoli), M Llorente (Atletico Madrid)

Forwards: Olmo (RB Leipzig), Oyarzabal (Real Sociedad), Morata (Juventus), Moreno (Villarreal), F Torres (Manchester City), Traore (Wolves), Sarabia (PSG)

In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

The specs
 
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Transmission: Eight-speed auto
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On sale: December
Price: From Dh330,000 (estimate)
Recipe: Spirulina Coconut Brothie

Ingredients
1 tbsp Spirulina powder
1 banana
1 cup unsweetened coconut milk (full fat preferable)
1 tbsp fresh turmeric or turmeric powder
½ cup fresh spinach leaves
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2 crushed ice cubes (optional)

Method
Blend all the ingredients together on high in a high-speed blender until smooth and creamy. 

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Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal

Stars: Basel Adra, Yuval Abraham

Rating: 3.5/5

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.”