• Sole DXB is held at Dubai Design District. All photos: Ruel Pableo for The National
    Sole DXB is held at Dubai Design District. All photos: Ruel Pableo for The National
  • Sole DXB is a hip-hop and culture festival
    Sole DXB is a hip-hop and culture festival
  • Various bands performed at Sole DXB
    Various bands performed at Sole DXB
  • Brands showcase their offerings at the event
    Brands showcase their offerings at the event
  • The event originally began as a trainer summit
    The event originally began as a trainer summit
  • Sole DXB expanded to include two stages
    Sole DXB expanded to include two stages
  • Skateboarders at the Dubai event
    Skateboarders at the Dubai event
  • Sole DXB is haven for fashionistas
    Sole DXB is haven for fashionistas
  • There are plenty of colourful spots to take social media snaps at the event
    There are plenty of colourful spots to take social media snaps at the event

Sole DXB review: The Roots electrify while Hanumankind brings rock star energy


Saeed Saeed
  • English
  • Arabic

What's the point of being a critically lauded band when you can't make ends meet?

It was a career crossroads that The Roots arrived at over a decade ago when seminal albums like 2002’s Phrenology and 2008’s Rising Down made them critical and industry darlings but didn’t sell enough to make the whole enterprise worthwhile. Hence, the initially derided decision to become the house band on The Tonight Show Starring Jimmy Fallon.

To say fans were flabbergasted would be an understatement. How could such a revered band, handpicked to back live albums by Lauryn Hill and Jay-Z, allow themselves the indignity of adding a drum fill to a comedian’s punchline?

It turned out to be an inspired choice after all, with The Roots not only becoming an integral part of the programme but also sounding absolutely rejuvenated on stage when going on select tours.

Another benefit, as heard in The Roots’ electrifying set at the closing night of the Sole DXB festival on Sunday, was that the television experience, where they provided musical support to guests ranging from Pink Floyd’s Dave Gilmour to Gwen Stefani, made the already tight group sound even more adventurous.

Over a blistering hour, the band took the crowd on a muscular funk odyssey as they married well-known material from their three-decade career to new arrangements.

The icy melancholy of Respond/React was transformed into something virile and pugnacious live, courtesy of the punchy horn sections. Black Thought's precise and shapeshifting raps remain one of the wonders of hip-hop, and that pedigree was shown in What They Do and Here I Come. The rest of the 10-piece band were at the forefront with vigorous covers of funk classics Soul Makossa by Manu Dibango and Kool and the Gang's Jungle Boogie.

Ending the set with the rare commercial hit The Seed 2.0, which descended into an epic groove-ridden jam, The Roots showed us why they are a singular talent within the hip-hop landscape. A clear link to the genre’s funk forebears, their existence is vital with hip-hop emerging out of its 50th anniversary.

Also taking to the main stage that night was Hanumankind, the Indian rapper who scored a viral hit with Big Dawgs. Backed by a guitarist and drummer, he showcased a vibrant sound, taking its cues as much from rock as from Texas hip-hop. Songs like Rush Hour featured a powerful chorus whose riffs wouldn’t sound out of place in a grunge band, while the unreleased track Police at the Door was a strong display of his narrative-driven lyricism.

Of course, the big moment arrived when he dropped Big Dawgs, an absolute monster of an anthem fully warranting all those fiery guitar solos.

Latto also proved there is more to her than racy hits. The US rapper was a potent performer with a half-hour set functioning as the ideal playlist for her work. Sunday Service had an irrepressible bounce, while Brokey, an ode to dead-end jobs, made use of Latto's colourful wordplay.

The performances capped off another strong Sole DXB, which saw the event incorporate a second stage and expand musical offerings to include artists such as British jazz quintet Ezra Collective and alternative hip-hop group Arrested Development.

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.”

What is a robo-adviser?

Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.

These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.

Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.

Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.

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Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

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The National Archives, Abu Dhabi

Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.

Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

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Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

The specs

Engine: 4.0-litre, six-cylinder

Transmission: six-speed manual

Power: 395bhp

Torque: 420Nm

Price: from Dh321,200

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MATCH INFO

Rugby World Cup (all times UAE)

Final: England v South Africa, Saturday, 1pm

It Was Just an Accident

Director: Jafar Panahi

Stars: Vahid Mobasseri, Mariam Afshari, Ebrahim Azizi, Hadis Pakbaten, Majid Panahi, Mohamad Ali Elyasmehr

Rating: 4/5

KEY DEVELOPMENTS IN MARITIME DISPUTE

2000: Israel withdraws from Lebanon after nearly 30 years without an officially demarcated border. The UN establishes the Blue Line to act as the frontier.

2007: Lebanon and Cyprus define their respective exclusive economic zones to facilitate oil and gas exploration. Israel uses this to define its EEZ with Cyprus

2011: Lebanon disputes Israeli-proposed line and submits documents to UN showing different EEZ. Cyprus offers to mediate without much progress.

2018: Lebanon signs first offshore oil and gas licencing deal with consortium of France’s Total, Italy’s Eni and Russia’s Novatek.

2018-2019: US seeks to mediate between Israel and Lebanon to prevent clashes over oil and gas resources.

MATCH INFO

Uefa Champions League final:

Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports

Updated: December 16, 2024, 6:15 AM