When Jennifer Lopez cancelled her summer tour in May, it seemed to mark another downturn in an already turbulent 2024 for the singer.
It was a difficult year that included divorce, a film that didn’t meet expectations and a new album that struggled to gain traction. Despite these setbacks, the Let’s Get Loud singer took to the stage in Abu Dhabi on Thursday as part of Saadiyat Nights, seemingly shaking off the hurt and stepping into what she does best – performing.
During her highly anticipated debut in the emirate, which lasted a little more than an hour, Lopez performed some of her greatest hits, interspersing them with personal reflections on lessons presumably learnt from difficulty and disappointment.
Taking to the stage at 9.35pm, she opened the night with her fiery anthem Dinero, which featured a pre-recorded video of Cardi B rapping. This set the tone early, getting the audience on their feet.
Lopez then addressed the sold-out crowd, expressing her gratitude. “We took a long trip to get here – a long, long way from home. But I am so very grateful. Thank you so much. Do you mind if I give you a little taste of what my home is like?” she asked before performing her 2002 hit Jenny from the Block.
Continuing with tracks from that era, Lopez sang Ain’t It Funny and I’m Real, two songs she collaborated on with rapper Ja Rule. Surprisingly during the latter, she and her dancers broke into a routine midway through, moving along to the refrain from Kendrick Lamar’s Not Like Us before transitioning into Love Don’t Cost a Thing.
After the high-energy tracks, Lopez took a break to speak to the audience, this time discussing love. In a heartfelt and personal moment, she shared: “When it comes to love, none of them are a fairy tale. That’s what they would have you believe when you’re little. I thought that. I thought when I was young, that love was this beautiful thing that was going to happen to me. But as I got older, I realised love is something very different.
“Love is keeping your word, love is honouring your commitment, love is kindness and consideration and consistency and feeling safe and secure. That’s what love is." It sparked cheers from the crowd.
She went on to say that despite everything she’s been through, she wouldn’t change a thing because of what she’s learnt. "In the low moments, you have two choices: you can let it destroy you and take you out, or you can let it help you grow and get better. I choose to get better."
She concluded: “The funny thing about love is, it always starts out just like this,” before performing a stripped-down, intimate version of If You Had My Love with two backup singers. Lopez then sang All I Have, her 2002 duet with LL Cool J, a track about moving on after a breakup. Coincidentally, as she performed it, a few sparse drops of rain began to fall, making the moment even more poignant.
Lopez's next tune made it clear her setlist was devised with a narrative in mind. She brought back the energy with 2009's Louboutins, a track about female empowerment. She continued with the theme by performing Booty and Ain’t Your Mama, showcasing intricate choreography and proving that at 55, she’s still got it.
Lopez then took another break to speak, referencing her cancelled summer tour. “I took a little time off last year, so this is my first big concert back with you guys. It just feels good to be with you again. Thank you so much,” she said as she soaked in the moment, looking towards the cheering crowd.
Next, she performed Can’t Get Enough, one of her more recent tracks, followed by her 2005 hit Get Right, where she recreated the famous stick dance from the music video.
Another video montage played, perhaps signalling a new era before Lopez returned after an outfit change. She belted out the opening lyrics of Gloria Gaynor’s I Will Survive before seamlessly transitioning into her dance hit Waiting for Tonight as – just like much of the night – the crowd were on their feet dancing and singing along.
She finished the show with the powerful anthems On the Floor and Let’s Get Loud before closing out the evening with Dance Again – a track she once credited as helping her get through a rough divorce.
Although it’s hard to definitively say whether Lopez had a specific message in mind during her show, the energy, empowerment and joy of the night proved that – despite the adversity she has faced – she’s not just surviving, but thriving.
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.”
UAE tour of the Netherlands
UAE squad: Rohan Mustafa (captain), Shaiman Anwar, Ghulam Shabber, Mohammed Qasim, Rameez Shahzad, Mohammed Usman, Adnan Mufti, Chirag Suri, Ahmed Raza, Imran Haider, Mohammed Naveed, Amjad Javed, Zahoor Khan, Qadeer Ahmed
Fixtures:
Monday, 1st 50-over match
Wednesday, 2nd 50-over match
Thursday, 3rd 50-over match
UAE currency: the story behind the money in your pockets
THE SPECS
Engine: 2.0-litre 4-cylinder turbo
Power: 275hp at 6,600rpm
Torque: 353Nm from 1,450-4,700rpm
Transmission: 8-speed dual-clutch auto
Top speed: 250kph
Fuel consumption: 6.8L/100km
On sale: Now
Price: Dh146,999
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Company%20profile
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The specs
Engine: 1.6-litre 4-cyl turbo
Power: 217hp at 5,750rpm
Torque: 300Nm at 1,900rpm
Transmission: eight-speed auto
Price: from Dh130,000
On sale: now
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
Day 1 results:
Open Men (bonus points in brackets)
New Zealand 125 (1) beat UAE 111 (3)
India 111 (4) beat Singapore 75 (0)
South Africa 66 (2) beat Sri Lanka 57 (2)
Australia 126 (4) beat Malaysia -16 (0)
Open Women
New Zealand 64 (2) beat South Africa 57 (2)
England 69 (3) beat UAE 63 (1)
Australia 124 (4) beat UAE 23 (0)
New Zealand 74 (2) beat England 55 (2)
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The specs
Engine: 3.5-litre twin-turbo V6
Power: 380hp at 5,800rpm
Torque: 530Nm at 1,300-4,500rpm
Transmission: Eight-speed auto
Price: From Dh299,000 ($81,415)
On sale: Now
COMPANY PROFILE
Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed
Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
On sale: Now
Price: From Dh158,000 (Cooper), Dh168,000 (Aceman), Dh190,000 (Countryman)