We might have just entered a New Year, but many will be getting a sense of deja vu, as major events around the world announce cancellations amid surging cases of new Covid-19 variant Omicron.
Several Christmas events were cancelled across the globe over the festive period, and with case numbers showing no signs of slowing down, many more events set to take place in January are also being cancelled or postponed.
Here are some of the biggest events affected by Omicron-related cancellations:
London Art Fair
The London Art Fair, which was set to take place from January 19 to 23, has been postponed, organisers announced on Thursday.
“Whilst we could have continued with the event as planned within government guidelines, we are keen to deliver the best possible fair for our galleries, sponsors, partners and visitors,” the fair’s organisers said.
The fair will now take place from April 20 to 24, with plans to present the collections of more than 100 contemporary galleries.
Rio Street Carnival
Earlier this week, authorities in Rio de Janeiro announced the cancellation of street parades and parties that take place during its world-famous Carnival next month for a second year. The Carnival, organised by Rio's samba schools and watched from the stands of the city's Sambadrome Marques de Sapucai, will still go ahead, as authorities will be able to put measures in place to control crowd numbers, as well as ensure visitors meet Covid-19 safety requirements. However, the street parades and parties that are organised by the public will not be so easy to control.
"The street carnival, by its very nature, due to the democratic aspect it has, makes it impossible to exercise any kind of inspection," said Eduardo Paes, the mayor of Rio de Janeiro.
Other Brazilian cities are also cancelling their carnival parades. Last week, the north-eastern city of Salvador announced it would not celebrate the event.
Sundance Film Festival
Sundance Film Festival, which takes place annually in Park City, Utah, was scheduled to kick-off on January 20 in a hybrid model, featuring both online and in-person screenings. However, on Wednesday, organisers announced it would now take place only online. “We do not believe it is safe nor feasible to gather thousands of artists, audiences, employees, volunteers and partners from around the world, for an eleven-day festival, while overwhelmed communities are already struggling to provide essential services,” its organisers said.
“We have been looking forward to our first fully hybrid Sundance Film Festival and our teams have spent a year planning a festival like no other. But despite the most ambitious protocols, the Omicron variant with its unexpectedly high transmissibility rates is pushing the limits of health safety, travel and other infrastructures across the country.”
Disney Plus's ‘The Book of Boba Fett’ premiere
The red carpet for Disney’s latest high-profile series was postponed this week. The premiere for the Star Wars spin-off was due to take place to coincide with the series's debut on Disney+ on Tuesday, but the stars and show’s makers will instead gather to celebrate the series finale on Tuesday, February 8, depending on the Covid situation.
Broadway
A number of Broadway theatre productions have closed again, only a couple months after welcoming visitors back to their seats. The team behind Mrs Doubtfire has announced it will be on hiatus until mid-March to ensure the safety of its cast and audiences, while the popular show Waitress will be closing with immediate effect, two weeks before its stint on Broadway was due to come to an end.
Other shows including Ain't Too Proud and Thoughts of a Colored Man have closed for good, citing rising numbers of Covid-19 cases.
Giorgio Armani cancels Milan show
Italian designer Giorgio Armani announced this week that his coming shows at Milan Fashion Week Men’s and Paris Haute Couture week have both been cancelled.
Citing concerns over the new Omicron variant running rampant across Europe, Armani, 87, said that with “great regret and following careful reflection, in light of the worsening epidemiological situation", he felt compelled to halt the shows, both scheduled for later this month.
The designer said that while fashion shows are “crucial and irreplaceable occasions", he felt duty-bound to protect people, and that the “health and safety of both employees and the public must once again take priority".
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
Disclaimer
Director: Alfonso Cuaron
Stars: Cate Blanchett, Kevin Kline, Lesley Manville
Rating: 4/5
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Essentials
The flights
Whether you trek after mountain gorillas in Rwanda, Uganda or the Congo, the most convenient international airport is in Rwanda’s capital city, Kigali. There are direct flights from Dubai a couple of days a week with RwandAir. Otherwise, an indirect route is available via Nairobi with Kenya Airways. Flydubai flies to Kinshasa in the Democratic Republic of Congo, via Entebbe in Uganda. Expect to pay from US$350 (Dh1,286) return, including taxes.
The tours
Superb ape-watching tours that take in all three gorilla countries mentioned above are run by Natural World Safaris. In September, the company will be operating a unique Ugandan ape safari guided by well-known primatologist Ben Garrod.
In the Democratic Republic of Congo, local operator Kivu Travel can organise pretty much any kind of safari throughout the Virunga National Park and elsewhere in eastern Congo.
UAE currency: the story behind the money in your pockets
bundesliga results
Mainz 0 Augsburg 1 (Niederlechner 1')
Schalke 1 (Caligiuri pen 51') Bayer Leverkusen 1 (Miranda og 81')
Directed by Sam Mendes
Starring Dean-Charles Chapman, George MacKay, Daniel Mays
4.5/5
Company%20profile
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Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
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.”
How to help
Call the hotline on 0502955999 or send "thenational" to the following numbers:
2289 - Dh10
2252 - Dh50
6025 - Dh20
6027 - Dh100
6026 - Dh200
The specs
Engine: 0.8-litre four cylinder
Power: 70bhp
Torque: 66Nm
Transmission: four-speed manual
Price: $1,075 new in 1967, now valued at $40,000
On sale: Models from 1966 to 1970
French business
France has organised a delegation of leading businesses to travel to Syria. The group was led by French shipping giant CMA CGM, which struck a 30-year contract in May with the Syrian government to develop and run Latakia port. Also present were water and waste management company Suez, defence multinational Thales, and Ellipse Group, which is currently looking into rehabilitating Syrian hospitals.
England Test squad
Ben Stokes (captain), Joe Root, James Anderson, Jonny Bairstow, Stuart Broad, Harry Brook, Zak Crawley, Ben Foakes, Jack Leach, Alex Lees, Craig Overton, Ollie Pope, Matthew Potts
Price, base / as tested From Dh173,775 (base model)
Engine 2.0-litre 4cyl turbo, AWD
Power 249hp at 5,500rpm
Torque 365Nm at 1,300-4,500rpm
Gearbox Nine-speed auto
Fuel economy, combined 7.9L/100km
The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
ASIAN%20RUGBY%20CHAMPIONSHIP%202024
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Director: Shady Ali
Cast: Boumi Fouad , Mohamed Tharout and Hisham Ismael
Rating: 3/5