Never discount Shaggy. There have been plenty of times during the 47-year-old's two-decade career – which has included chart toppers It Wasn't Me and Angel – when he seemed to be down and out, only to bounce back with big hits. During the past 18 months the Jamaican singer has risen again, releasing the singles Only Love and Habibi (I Need Your Love), the latter featuring Lebanese-Australian singer Faydee. "I am like an itch," Shaggy says during a chat at the Mawazine Festival in Morocco. "I am not going away."
Habibi (I Need Your Love) has become a monster hit, with 120 million views on YouTube. How did that happen?
Costi, a Romanian producer and friend, brought the whole idea to me. I wrote my part and we shot the video on tour, and the minute the video came out, it became a success. Then we both worked together again for another single, Only Love, and that did very well – because of that, I got a new multi-album deal.
So we should soon expect your first album in 5 years?
Well, I am in album mode – the vibe and the adrenalin are there. We are all psyched and have created some amazing work. I am working very hard in trying to find a lead single. That is very critical – to have something that is very big, very Shaggy and something that would make the world smile. I made more than 100 songs to find that one single, which I hope to put out soon.
Do you find it amusing when people say “Shaggy is back?”
You know, for many people I am like one of the longest one-hit wonders ever. The thing is, I have fans and people love what myself and the team do. So that allows me to come back whenever I want. My fans are the reason for my longevity. They are the reason why I am relevant, not the press, the record company or an executive.
As well as Faydee on Habibi (I Need Your Love), you worked with another Arab artist, Egyptian pop-star Tamr Hosny, on the 2012 track, Smile. How did that collaboration come about?
I didn’t know who Tamr Hosny was at all. They sent me the song, I heard it and liked the melody. I didn’t understand the language – it was something about smiling – but I understood the melody and the vibe of it.
So it is the song and not the profile of the artist that attracts you to collaborations?
Everything boils down to a song. I like doing collaborations in different countries. You know, a lot big people also came for collaborations and I turned them down because I might feel the music is not good. But then there are artists who are unknown but their music moves me. So I just roll with that. I mean, look at my big hits. It Wasn't Me had Rick Rock, and no one knew who he was. Angel and Summertime had Rayvon, and no one knew who he was either. I actually have more problems with the bigger artists – they don't want to go on the video or do interviews, and their managers come asking for five first-class tickets and a special room for their dog. I don't need all that. I would rather work with a new artist that has the hunger and the drive.
A few years ago, you told me you were working on an international reggae festival called Shag Fest. What’s the status on that?
We thought about doing a Shag Fest but there are a couple of people that have that name already – so maybe down the line we can use it. But I would to love to make a reggae festival and tour the world. In Jamaica I have a festival called Shaggy and Friends, which is a charity event to raise funds for a hospital. So that can be something that we can build on and take around the world.
sasaeed@thenational.ae
The specs
Engine: 3.5-litre V6
Power: 272hp at 6,400rpm
Torque: 331Nm from 5,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.7L/100km
On sale: now
Price: Dh149,000
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.”
The%20Killer
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Squads
India (for first three ODIs) Kohli (capt), Rohit, Rahul, Pandey, Jadhav, Rahane, Dhoni, Pandya, Axar, Kuldeep, Chahal, Bumrah, Bhuvneshwar, Umesh, Shami.
Australia Smith (capt), Warner, Agar, Cartwright, Coulter-Nile, Cummins, Faulkner, Finch, Head, Maxwell, Richardson, Stoinis, Wade, Zampa.
The biog
Favourite hobby: I love to sing but I don’t get to sing as much nowadays sadly.
Favourite book: Anything by Sidney Sheldon.
Favourite movie: The Exorcist 2. It is a big thing in our family to sit around together and watch horror movies, I love watching them.
Favourite holiday destination: The favourite place I have been to is Florence, it is a beautiful city. My dream though has always been to visit Cyprus, I really want to go there.
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
Company%20Profile
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Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
WITHIN%20SAND
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UAE currency: the story behind the money in your pockets
Infiniti QX80 specs
Engine: twin-turbocharged 3.5-liter V6
Power: 450hp
Torque: 700Nm
Price: From Dh450,000, Autograph model from Dh510,000
Available: Now
What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
The years Ramadan fell in May