A time to reflect...er, regress



At the start of a new year and a new decade, many people may feel as if they've been around long enough to learn a thing or two about life. They're a little older and a little wiser, as the saying goes. Not me, though. Whereas most people get smarter with every year that passes, I just seem to get more stupid. Instead of having a brain that aggregates knowledge over time, I seem to have a cranial capacity that peaked when I was 20 years old. Perhaps it was reading Ulysses by James Joyce that finally filled every megabyte of memory, and files started being deleted willy nilly. Or maybe it was the dissertation I wrote about... something or other that instead of giving me an intellectual workout left me with an inoperable brain hernia.

But since then, I've been a kind of intellectual Benjamin Button, slowly regressing towards the ignorance and naivety of youth, and thirsting for only the lowest of culture. If you believe the date on my birth certificate, I'm 25, but all other indicators point towards 15. A great example of my growing puerility came a few weeks ago. After getting an iPhone for Christmas, I headed to the online App Store under the pretext of searching for gizmos to make life easier and broaden my horizons. Did I download the Amazon Kindle e-reader or a handy unit converter? Nope. The first thing I went for was a lightsaber application, which makes whooshing noises when I swing the handset around. The second (and my only paid-for app to date) was Sonic the Hedgehog, the old Sega Mega Drive game. Since downloading it, I've spent almost every waking hour trying to regain my former prowess at commanding the titular blue rodent.

And I don't just roam around the digital realm like an simpleton. The bookshelf in my apartment has also begun to suffer. Although I decided to stop buying comic books around the same time I developed armpit hair, I rediscovered the form in a big way last year. And while I tell myself that comics can be both great art and literature (Art Spiegelman's Maus, for example), it doesn't excuse the fact that I also own Marvel Zombies vs the Army of Darkness.

Unsurprisingly perhaps, my choice of home viewing has also been affected by my new-found juvenilia and I've been finding it difficult to get excited about films unless they were at some point banned in Italy. But I'm also convinced that my declining standards are being fuelled, in part, by some external influence. Was it a coincidence that the first Star Trek movie in almost a decade would not only be released in 2009 but also turn out to be one of the year's finest films? How my adolescent self would have loved it. And who could have predicted that in the year my brain seems to have reverted to a 15-year-old's, Rage Against the Machine (my favourite band in my teenage years) would score a Christmas No 1 in the UK?

Whether it's coincidence or providence, the fact that someone or something seems to be encouraging my regression seems like a good enough reason not to fight it.

A MINECRAFT MOVIE

Director: Jared Hess

Starring: Jack Black, Jennifer Coolidge, Jason Momoa

Rating: 3/5

'Panga'

Directed by Ashwiny Iyer Tiwari

Starring Kangana Ranaut, Richa Chadha, Jassie Gill, Yagya Bhasin, Neena Gupta

Rating: 3.5/5

The rules on fostering in the UAE

A foster couple or family must:

  • be Muslim, Emirati and be residing in the UAE
  • not be younger than 25 years old
  • not have been convicted of offences or crimes involving moral turpitude
  • be free of infectious diseases or psychological and mental disorders
  • have the ability to support its members and the foster child financially
  • undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
  • A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially

Company Profile

Company name: Big Farm Brothers

Started: September 2020

Founders: Vishal Mahajan and Navneet Kaur

Based: Dubai Investment Park 1

Industry: food and agriculture

Initial investment: $205,000

Current staff: eight to 10

Future plan: to expand to other GCC markets

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Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

Vidaamuyarchi

Director: Magizh Thirumeni

Stars: Ajith Kumar, Arjun Sarja, Trisha Krishnan, Regina Cassandra

Rating: 4/5

 

Company%20profile
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NO OTHER LAND

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

Stars: Basel Adra, Yuval Abraham

Rating: 3.5/5

'Nope'
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COMPANY%20PROFILE%20
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ITU Abu Dhabi World Triathlon

For more information go to www.abudhabi.triathlon.org.

'Falling%20for%20Christmas'
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Monster

Directed by: Anthony Mandler

Starring: Kelvin Harrison Jr., John David Washington 

3/5

 

Ms Yang's top tips for parents new to the UAE
  1. Join parent networks
  2. Look beyond school fees
  3. Keep an open mind
Poacher
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COMPANY%20PROFILE
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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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Tips%20for%20travelling%20while%20needing%20dialysis
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