Dave Grohl, lead singer of Foo Fighters, performing in Cleveland in the US after being inducted into the Rock & Roll Hall of Fame. Reuters
Dave Grohl, lead singer of Foo Fighters, performing in Cleveland in the US after being inducted into the Rock & Roll Hall of Fame. Reuters
Dave Grohl, lead singer of Foo Fighters, performing in Cleveland in the US after being inducted into the Rock & Roll Hall of Fame. Reuters
Dave Grohl, lead singer of Foo Fighters, performing in Cleveland in the US after being inducted into the Rock & Roll Hall of Fame. Reuters

The challenge of booking Foo Fighters for Abu Dhabi F1: 'They operate like a Swiss watch'


Saeed Saeed
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When the image of Foo Fighters was beamed on Ain Dubai on Wednesday evening, announcing the rockers' Abu Dhabi F1 concert on December 12, the crowd cheered.

Flash Entertainment chief executive John Lickrish also breathed a sigh of relief.

Not only did the announcement finalise another impressive Yasalam After-Race Concert series line-up, featuring RnB star Khalid on December 9, grime rapper Stormzy on December 10 and British soul singer Lewis Capaldi on December 11, it also capped Lickrish’s most challenging year yet in terms of signing acts for the big race.

Contrary to popular belief, he says many major artists have been busy during the pandemic.

“It allowed them to focus on things they never really had time to do because of incessant touring,” Lickrish tells The National.

“Whether it’s working on everything from their sponsorship deals and fashion lines to television production companies – like Drake for example – and working on albums, they have been very active.”

Meticulous guitar heroes

Another reason acts are avoiding the stage, despite major territories such as the US and the UK reopening their live events sectors, is they are cooling their heels before a busy 2022 season.

“Next year is going to be really big because North America and Europe are starving when it comes to live music, as well as Asia, when that opens up," says Lickrish.

"So we had to work hard to convince artists it is worthwhile to make the trip to Abu Dhabi, which, for some acts, is just one show instead of part of a tour.

"Fortunately, the reputation the city has built over the years and the association with Abu Dhabi F1 made it easier."

When it comes to Foo Fighters, arguably the world’s biggest touring band at present, and recently inducted into the Rock & Roll Hall of Fame, Lickrish says negotiations had been ongoing for five months.

However, once the deal was signed, things progressed quickly.

“What I always find interesting is that it is always the rock groups that are the most hardcore when it comes to organisation," he says.

“When you are dealing with Foo Fighters, every single detail is organised. They are meticulous and check everything from the configuration of the stage and having the required gear to the loading to the venue.

“This is why their tours have always been massive and successful, because they operate like a Swiss watch."

From Beyonce to Khalid

Another source of satisfaction regarding this year’s concert line-up is that it stays true to the Abu Dhabi F1 ethos of offering something for everyone.

Seasoned concertgoers will spot a pattern stretching right back to the inaugural After-Race Concerts in 2009 at Etihad Park.

The first of its kind to take place in any Formula 1 race, the programme opened with then-burgeoning solo star Beyonce on the Thursday, with the next three nights featuring funk group Jamiroquai, indie music darlings Kings of Leon and rock titans Aerosmith, respectively.

Aerosmith frontman Steven Tyler performs as part of the 2009 Abu Dhabi F1 Grand Prix After-Race Concerts. Philip Cheung / The National
Aerosmith frontman Steven Tyler performs as part of the 2009 Abu Dhabi F1 Grand Prix After-Race Concerts. Philip Cheung / The National

The success of those shows not only led Singapore to adopt the model for its own races from 2010, but also formed the artist blueprint for subsequent Abu Dhabi F1 concerts.

"Those first concerts and the energy and excitement they had really set the tone going forward," says Lickrish, who started Flash Entertainment in 2008.

"That means that normally on Thursdays we try to do something for a younger audience. Then Friday we ramp up the energy even further, and on Saturday we try to add something more mellow and soulful.

"And when it comes to Sunday, it is all about that big emotional release and it’s an artist with a huge catalogue of anthems that really gets the crowd involved.”

Beyonce performing as part of the 2009 Abu Dhabi F1 Grand Prix After-Race Concerts. Philip Cheung / The National
Beyonce performing as part of the 2009 Abu Dhabi F1 Grand Prix After-Race Concerts. Philip Cheung / The National

The format has been a hit with crowds and the artists.

“The Thursday slot is designed for us to experience a future superstar,” Lickrish says.

“When Beyonce played on that day in 2009 in front of more than 40,000 people, it was the biggest show of her career and she was so pumped. At the end of the show her smile was so big and heartfelt.

“Khalid is a great choice for that because he is a star already and his potential to be bigger is huge.”

Abu Dhabi is back

Flash Entertainment chief executive John Lickrish. Photo: Flash Entertainment
Flash Entertainment chief executive John Lickrish. Photo: Flash Entertainment

The resumption of the Abu Dhabi F1 After-Race Concerts, which last year were cancelled as a Covid-19 safety measure, is particularly resonant for Lickrish: it will mark the first show to be held at Etihad Park since the booking of pop star Bruno Mars for a 2019 New Year’s Eve concert.

That sentimentality, however, is undercut by the realities of having had to refurbish the vast open-air venue.

“Concert spaces have to be continually used or they become rusty and we just completed a massive renovation of Etihad Park," he says.

"All the health and safety checks have been completed to reflect the realities of today, with sanitisation stations and appropriate signage."

And with authorities announcing all concerts can run at full capacity, Lickrish hopes they mark the resurgence of large concerts in the UAE capital.

“The show sends a message to the industry that Abu Dhabi is really back in business,” he says.

“And with such a big year ahead in 2022, with massive markets in Europe, North America and Australia opening up, we stand to benefit as we hopefully get some major acts on the way through.”

More information on all the Yasalam After-Race Concerts is available at yasmarinacircuit.com

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

THE SCORES

Ireland 125 all out

(20 overs; Stirling 72, Mustafa 4-18)

UAE 125 for 5

(17 overs, Mustafa 39, D’Silva 29, Usman 29)

UAE won by five wickets

UAE currency: the story behind the money in your pockets
What is tokenisation?

Tokenisation refers to the issuance of a blockchain token, which represents a virtually tradable real, tangible asset. A tokenised asset is easily transferable, offers good liquidity, returns and is easily traded on the secondary markets. 

Sole survivors
  • Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
  • George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
  • Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
  • Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.

Founders: Abdulmajeed Alsukhan, Turki Bin Zarah and Abdulmohsen Albabtain.

Based: Riyadh

Offices: UAE, Vietnam and Germany

Founded: September, 2020

Number of employees: 70

Sector: FinTech, online payment solutions

Funding to date: $116m in two funding rounds  

Investors: Checkout.com, Impact46, Vision Ventures, Wealth Well, Seedra, Khwarizmi, Hala Ventures, Nama Ventures and family offices

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Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
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  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Race 3

Produced: Salman Khan Films and Tips Films
Director: Remo D’Souza
Cast: Salman Khan, Anil Kapoor, Jacqueline Fernandez, Bobby Deol, Daisy Shah, Saqib Salem
Rating: 2.5 stars

US tops drug cost charts

The study of 13 essential drugs showed costs in the United States were about 300 per cent higher than the global average, followed by Germany at 126 per cent and 122 per cent in the UAE.

Thailand, Kenya and Malaysia were rated as nations with the lowest costs, about 90 per cent cheaper.

In the case of insulin, diabetic patients in the US paid five and a half times the global average, while in the UAE the costs are about 50 per cent higher than the median price of branded and generic drugs.

Some of the costliest drugs worldwide include Lipitor for high cholesterol. 

The study’s price index placed the US at an exorbitant 2,170 per cent higher for Lipitor than the average global price and the UAE at the eighth spot globally with costs 252 per cent higher.

High blood pressure medication Zestril was also more than 2,680 per cent higher in the US and the UAE price was 187 per cent higher than the global price.

How to register as a donor

1) Organ donors can register on the Hayat app, run by the Ministry of Health and Prevention

2) There are about 11,000 patients in the country in need of organ transplants

3) People must be over 21. Emiratis and residents can register. 

4) The campaign uses the hashtag  #donate_hope

Islamophobia definition

A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.

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.”

Emergency

Director: Kangana Ranaut

Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry 

Rating: 2/5

Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
Company%C2%A0profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3EHayvn%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2018%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EChristopher%20Flinos%2C%20Ahmed%20Ismail%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EAbu%20Dhabi%2C%20UAE%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3Efinancial%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%20%3C%2Fstrong%3Eundisclosed%3Cbr%3E%3Cstrong%3ESize%3A%3C%2Fstrong%3E%2044%20employees%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3Eseries%20B%20in%20the%20second%20half%20of%202023%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EHilbert%20Capital%2C%20Red%20Acre%20Ventures%3C%2Fp%3E%0A
Specs

Engine: Dual-motor all-wheel-drive electric

Range: Up to 610km

Power: 905hp

Torque: 985Nm

Price: From Dh439,000

Available: Now

Dhadak

Director: Shashank Khaitan

Starring: Janhvi Kapoor, Ishaan Khattar, Ashutosh Rana

Stars: 3

MATCH INFO

Uefa Champions League semi-final, second leg result:

Ajax 2-3 Tottenham

Tottenham advance on away goals rule after tie ends 3-3 on aggregate

Final: June 1, Madrid

MATCH INFO

Manchester City 2 (Mahrez 04', Ake 84')

Leicester City 5 (Vardy 37' pen, 54', 58' pen, Maddison 77', Tielemans 88' pen)

Man of the match: Jamie Vardy (Leicester City)

Updated: November 18, 2021, 5:59 AM