Musician Iasos died over the weekend, his friends have confirmed on social media. Photo: Numero Group
Musician Iasos died over the weekend, his friends have confirmed on social media. Photo: Numero Group
Musician Iasos died over the weekend, his friends have confirmed on social media. Photo: Numero Group
Musician Iasos died over the weekend, his friends have confirmed on social media. Photo: Numero Group

Iasos, Greek pioneer of New Age music, dies at 77


William Mullally
  • English
  • Arabic

Greek-American musician Iasos, widely regarded as one of the pioneers of the New Age music genre, has died, his friend and record label owner Douglas Mcgowan has confirmed.

“What a sad, surreal feeling it is to report that Iasos departed on Saturday,” Mcgowan shared in an Instagram post. “When I last saw him in April, he was just as sprightly as ever. I know I'm not alone when I say that of all the original masters, I assumed he'd be the last to go.”

Iasos's final album was 2020's The Next Dimension. Photo: Photo: Numero Group
Iasos's final album was 2020's The Next Dimension. Photo: Photo: Numero Group

The audiovisual artist born in 1947, whose parents moved from Greece to the US when he was four, first rose to prominence in the California new age community in 1975. His album, Inter-Dimensional Music, was considered by some as the first proper release within the largely instrumental genre.

Inspired by the new age spirituality movement of the time, the grass roots genre gained momentum in the subsequent decades, peaking in the 1980s and 90s. Primarily consisting of private press artists who sold their music at local health boutiques, the genre spawned artists globally, such as Enya and Yanni, though it was largely dismissed critically.

Nevertheless, Iasos's music became highly sought after among ambient and classical music collectors. Canadian music label Light in the Attic was eventually inspired to reissue his work as part of the compilation I Am The Center, which initiated a critical and cultural reappraisal of the genre overall.

He produced more than 15 albums throughout his career, and a documentary was released about his work in 1979.

“Along with Steven Halpern, Iasos basically invented new age music,” wrote Mcgowan, the owner of Yoga Records. “This bears repeating – he created a genre of music … So many things he created were simply without comparison. He invented new tools to create new forms. He built incredible, immortal things from scratch.”

Iasos described the mission of his work, which ended with his 2020 studio album The Next Dimension, as “to create and make available ... music that can help a soul achieve an enhanced resonance-connection with the grander part of who they really are. Music that can function as a vibrational gateway into celestial dimensions of light and love and awareness.”

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5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed

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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Founded in 1985 by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, the Central Veterinary Research Laboratory (CVRL) is a government diagnostic centre that provides testing and research facilities to the UAE and neighbouring countries.

One of its main goals is to provide permanent treatment solutions for veterinary related diseases. 

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Team Abu Dhabi 114-3

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Maratha Arabians won by 24 runs

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Updated: January 09, 2024, 5:45 AM