There is a reason why Hussain Al Jassmi is the go to artist for UAE landmark concerts amid the pandemic.
Over the past 18 months, the Emirati crooner has performed high profile gigs mixing his brand of evocative Khaleeji pop with the poignancy of the occasion.
Last night, he headlined the first music concert to take place at Abu Dhabi’s Etihad Arena on Yas Island.
This comes on the back of being the inaugural act for Sharjah’s newly built Khor Fakkan Amphitheatre on New Year’s Eve, as well as stepping on stage for Dubai Opera’s return concert last August, when the venue reopened after a four-month closure as a precaution against Covid-19.
So what is it about Al Jassmi that makes him a perfect fit for such an occasion?
“We all grew up with Hussain,” explains Yusuf Saleh, 32.
The Emirati and Abu Dhabi resident tells The National that Al Jassmi is one of those rare local acts with cross generational appeal.
“You go to any of his concerts and he will have songs that if you don’t immediately know your elders will and vice versa. It’s just a guaranteed good time.”
And that was basically the brief handed to Al Jassmi. Since the onset of the pandemic, the last major concert held in the capital was by Bruno Mars in 2019 on New Year’s Eve.
Similar to the US pop star, Al Jassmi came with a mission to please and in-turn delivered a 90-minute set of back-to-back to hits.
With the exception of breezy latest single Heta Min Alby , this was not the stage to experiment with new material.
The Abu Dhabi crowd needed to be reminded of the power and unifying spirit of a great live gig.
Al Jassmi delivered this in spades with a mix of up-tempo Khaleeji pop classics, such as Gased and Ahwak Ya Shebh Al Gomar and regal ballads like Bahebek Wahashteni.
The best part of the evening was perhaps the crowd lapping up the live show with full throated renditions for the majority of the set.
And this is the magic of an Al Jassmi concert in the UAE. In front of a local audience, his material is elevated from well-crafted pop songs to music that both inspires and comforts.
Assala Nasri brings it home after a shaky start
And sometimes, even the biggest stars need some comfort of their own.
Preceding Al Jassmi on Thursday was Nasri, in what was the Syrian singer’s first live concert in months. Taking the stage in an all-white dress by Lebanese designer Nicolas Jebran, Nasri admitted at the onset.
“It’s going to take me some time,” she said.
“I am normally nervous when I am on stage, but I didn’t see you for a long time so you will have to bear with me. It will get better.”
You can’t fault her honesty.
The opening couple of tracks, including the sting-laden Khaleeji pop of Baeid Anak, sounded rather clunky with Nasri trying to find the right vocal range.
But it wasn't long before her husky voice found its groove, with Levant ballads Samehtak and Shamekh going down a treat.
Together, both performances added up to an endearing night of musical entertainment in the UAE capital.
The expectation of such a gig, both in terms of a new venue and a city deprived of live performances for so long, wouldn’t have been easy. But Al Jassmi and Nasri pulled it off with a mixture of professionalism and humility.
What’s on next at the Etihad Arena?
The second of Etihad Arena's Eid Al Adha concerts takes place on Friday with Egyptian pop star Tamer Hosny taking the stage, joined by Lebanon's Myriam Fares.
Doors will open at 4.30pm with the show starting at 6.30pm.
Guests are required to show a negative PCR test taken within 48 hours to gain access to the show, and all attendees above 16 also need to be fully vaccinated, with the last dose have been taken no less than 28 days ago. Concertgoers must also present their Al Hosn app with E or Star status to enter the venue.
Tickets are sold in pairs, and for groups of three and four guests, starting from Dh195. These are available at etihadarena.ae
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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.”
Roll of honour 2019-2020
Dubai Rugby Sevens
Winners: Dubai Hurricanes
Runners up: Bahrain
West Asia Premiership
Winners: Bahrain
Runners up: UAE Premiership
UAE Premiership
}Winners: Dubai Exiles
Runners up: Dubai Hurricanes
UAE Division One
Winners: Abu Dhabi Saracens
Runners up: Dubai Hurricanes II
UAE Division Two
Winners: Barrelhouse
Runners up: RAK Rugby
PROFILE OF STARZPLAY
Date started: 2014
Founders: Maaz Sheikh, Danny Bates
Based: Dubai, UAE
Sector: Entertainment/Streaming Video On Demand
Number of employees: 125
Investors/Investment amount: $125 million. Major investors include Starz/Lionsgate, State Street, SEQ and Delta Partners
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ETFs explained
Exhchange traded funds are bought and sold like shares, but operate as index-tracking funds, passively following their chosen indices, such as the S&P 500, FTSE 100 and the FTSE All World, plus a vast range of smaller exchanges and commodities, such as gold, silver, copper sugar, coffee and oil.
ETFs have zero upfront fees and annual charges as low as 0.07 per cent a year, which means you get to keep more of your returns, as actively managed funds can charge as much as 1.5 per cent a year.
There are thousands to choose from, with the five biggest providers BlackRock’s iShares range, Vanguard, State Street Global Advisors SPDR ETFs, Deutsche Bank AWM X-trackers and Invesco PowerShares.
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Tips for used car buyers
- Choose cars with GCC specifications
- Get a service history for cars less than five years old
- Don’t go cheap on the inspection
- Check for oil leaks
- Do a Google search on the standard problems for your car model
- Do your due diligence. Get a transfer of ownership done at an official RTA centre
- Check the vehicle’s condition. You don’t want to buy a car that’s a good deal but ends up costing you Dh10,000 in repairs every month
- Validate warranty and service contracts with the relevant agency and and make sure they are valid when ownership is transferred
- If you are planning to sell the car soon, buy one with a good resale value. The two most popular cars in the UAE are black or white in colour and other colours are harder to sell
Tarek Kabrit, chief executive of Seez, and Imad Hammad, chief executive and co-founder of CarSwitch.com
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The burning issue
The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.
Read part four: an affection for classic cars lives on
Read part three: the age of the electric vehicle begins
Read part one: how cars came to the UAE
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Uefa Champions League Group C
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THE BIO
Mr Al Qassimi is 37 and lives in Dubai
He is a keen drummer and loves gardening
His favourite way to unwind is spending time with his two children and cooking