Kristen Stewart and Robert Pattinson in The Twilight Saga: Breaking Dawn - Part 2, which won Worst Picture at The Razzies. Stewart also won the Worst Actress award. Courtesy Summit Entertainment
Kristen Stewart and Robert Pattinson in The Twilight Saga: Breaking Dawn - Part 2, which won Worst Picture at The Razzies. Stewart also won the Worst Actress award. Courtesy Summit Entertainment

Twilight win Razzies Worst Picture



The Twilight Saga: Breaking Dawn – Part 2 was picked as 2012's Worst Picture on Saturday by the Razzies, an Academy Awards spoof that hands out prizes for Hollywood's lousiest movies on the eve of the Oscars. It dominated the Razzies with seven awards, including Worst Actress for Kristen Stewart, Worst Supporting Actor for Taylor Lautner and Worst Director for Bill Condon. Adam Sandler was named Worst Actor for the comedy That's My Boy, while Rihanna won Worst Supporting Actress for the action dud Battleship. – AP

2. Michelle Obama’s dance moves go viral

A video of Michelle Obama grooving with Jimmy Fallon on his talk show has gone viral on YouTube. The pair, each clad in conservative slacks and cardigans, perform a routine dubbed Evolution of Mom Dancing, to promote Obama's "Let's Move!" youth fitness campaign. The clip has already been viewed nearly two million times since being posted Friday. The dance moves progress from a simple side-to-side step and end with Obama doing a Dougie. Later on the show, Obama rates her husband's dance skills a "B", saying "he's got, like, three good moves". – AFP

3. Mumford & Sons top charts

The British folk band Mumford & Sons jumped to No 1 on the Billboard 200 album chart this week after Babel won the Grammy for Album of the Year. The 2013 Grammy nominees compilation album, featuring songs by The Black Keys, Katy Perry and Gotye, landed second place. Bruno Mars, who's performing in Dubai on April 12, was at No 3 with Unorthodox Jukebox, while Taylor Swift's Red placed fourth. In the songs chart, Macklemore and Ryan Lewis's Thrift Shop was on the top spot, followed by Rihanna's Stay. – Reuters

4. Weinstein scoops rights to Mandela film

The Weinstein Company has acquired the distribution rights for the film version of Nelson Mandela's autobiography. Mandela: Long Walk to Freedom, directed by Justin Chadwick and currently in post-production, stars the British actor Idris Elba. Harvey Weinstein said he has been "extremely passionate" about the project since its producer Anant Singh first gave him a copy of Mandela's memoirs. "We have been talking about making this film since 1999," he added. "There have been a number of stop-and-goes but sometimes things work out for a reason and Anant has done a masterful job in producing this epic story of our times." – AFP

5. Diane Lane and
Josh Brolin split up

Diane Lane and Josh Brolin are divorcing after more than eight years, announced their representatives. A source close to the couple termed the split as "amicable" and said it was a mutual decision. The divorce will be the second for both Lane and Brolin. They have no children together. Lane, 48, and Brolin, 45, married in August 2004 after being introduced by Barbra Streisand, the actor's stepmother. – Reuters

The smuggler

Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple. 
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.

Khouli conviction

Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.

For sale

A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.

- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico

- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000

- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950

The Perfect Couple

Starring: Nicole Kidman, Liev Schreiber, Jack Reynor

Creator: Jenna Lamia

Rating: 3/5

The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
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A Bad Moms Christmas
Dir: John Lucas and Scott Moore
Starring: Mila Kunis, Kathryn Hahn, Kristen Bell, Susan Sarandon, Christine Baranski, Cheryl Hines
Two stars

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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.”

2025 Fifa Club World Cup groups

Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.

Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.

Group D: Flamengo, ES Tunis, Chelsea, (Leon banned).

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

Group G: Manchester City, Wydad, Al Ain, Juventus.

Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.

UAE currency: the story behind the money in your pockets
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