Spectacular Soundstorm festival shows a Saudi music scene in full flight


Saeed Saeed
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The Soundstorm festival in Riyadh continues to rack up the distinctions.

In addition to landing the Guinness World Record for the tallest stage as part of its inaugural 2019 event and to placing the kingdom firmly on the live music touring map, the mammoth four-day gathering achieved what arguably no other popular Middle Eastern music festival could: it made Arab pop-superstar Elissa a footnote to the proceedings.

Such is the all-star line-up of more than 150 leading DJs – including Tiesto, Armin Van Buuren and Carl Cox – the Lebanese show-stopper’s presence was relatively muted, amid all the electronic music fire power on display during a blockbuster opening day on Thursday that welcomed up to 180,000 people, according to organisers.

Waleed Al Awad at Soundstorm festival. Photo: Saeed Saeed/The National
Waleed Al Awad at Soundstorm festival. Photo: Saeed Saeed/The National

“Elissa was here?” Waleed Al Awad, 27, said as he strolled to the Big Beast main stage in time for R3hab’s set. “Man, I didn’t know. There is so much going on that I really can’t keep up.”

The life-long "Riyadh-awi" could be referring to the festival’s all out sensory assault as much as the changes sweeping through the Saudi capital’s entertainment and leisure sector.

Soundstorm is part of the 7,000 events taking place under the Riyadh Season banner, running until March 2022. “Am I surprised by what has happened here in my city and Saudi Arabia? I would only say ‘yes’ in terms of how quick it has been,” Al Awad says.

“But I am not surprised in the reaction of the people. Look at everyone here, we are acting like this has always been part of our lives.

“That is because Saudi youth know what is going on. A lot of us travel the world and attend festivals like this in Europe and the US. Now we don’t have to. Even if this Soundstorm is not as over-the-top as 2019, it is still fantastic and I will be here for all four days.”

A maturing music scene

Al Awad’s comments are more an observation than a criticism.

Where the 2019 event, formally known as MDL Beast, was all shock and awe with its gargantuan 38-meter-high mainstage and a dream artist line-up that made Belgium’s Tomorrowland festival seem like yesterday’s news, the 2021 version exhibits all the signs of a maturing festival and electronic music scene.

After all, you can’t separate one from the other.

While Saudi Arabia has been hosting EDM concerts since 2018, it was the 2019 MDL Beast festival that laid the foundations for the community to really take shape.

The historic event had a catalytic effect, with the festival’s parent company, also called MDL Beast, going on to launch a record label featuring Saudi artists, as well as the XP Music conference, which connected the local music scene with industry leaders for three days of discussions and workshops.

All that work is bearing fruit. Soundstorm is no longer relying on bells and whistles – although all six stages remain spectacular in scale and design – to hold the attention of its audience, but rather offering a well curated line-up spanning mainstream and independent artists.

All stages were well attended throughout the first day.

The Dance Beast stage, resembling an airport hangar, was packed with fans pogoing to the heaving house beats of US spinner ACraze.

A 10-minute walk away, amid a well-lit concourse home to dozens of food stalls, featuring everything from shawarmas and pizzas to Amsterdam style fries (with satay sauce and mayonnaise) is the Underground – a complex of three subterranean looking stages built from industrial crates.

This is the place to experience the ebullient and sometimes uncompromising sounds of techno and tech-house, best exemplified through standout performances from Germany’s Claptone and Hosh.

You can’t stop the movement

Which brings us back to the festival’s nerve centre, the Big Beast stage.

Where the 2019 version had star acts performing from a towering edifice that looked like it was carved out of a mountain, a new design reflects a festival taking flight.

Throughout the night, artists such as the Swedish duo Axwell and Ingrosso and recent Abu Dhabi Formula One headliner DJ Snake performed in the middle of a falcon’s wings.

The backdrop worked, as Big Beast is the place to hear the soaring anthems that made EDM the new pop music, with thousands singing along to festival staples such as Swedish House Mafia's Don't You Worry Child and Avicii’s Levels, played by Axwell and Ingrosso and Tiesto respectively.

L-R: Lubna Ali and Kinan Khalid. Photo: Saeed Saeed/The National
L-R: Lubna Ali and Kinan Khalid. Photo: Saeed Saeed/The National

Watching Tiesto's set were Syria’s Kinan Khalid, 28, and Lubna Ali, 29. “I am a civil engineer,” Khalid says. “The music is great but I am so amazed by the constructions of the stage and the event. I know this was set up relatively quickly so it’s just impressive to see how it came together.”

Wearing a shirt emblazoned with illuminating headphones, Ali was clear about her reasons for coming to Soundstorm.

“We didn’t have entertainment in Riyadh for such a long time and I feel now that we are in a movement that we can’t go back from,” she says.

“This was a long time coming and all that we needed was that final push and here we are. The fact that this all looks so easy and natural shows that we have always been ready for this.”

Soundstorm runs until December 19 in a purpose-built location in Banban, Riyadh. Tickets are from 399 Saudi riyals ($106), which includes a shuttle bus from various locations in Riyadh. Doors open from 3pm. More information is available at mdlbeast.com

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The specs

Price: From Dh529,000

Engine: 5-litre V8

Transmission: Eight-speed auto

Power: 520hp

Torque: 625Nm

Fuel economy, combined: 12.8L/100km

The years Ramadan fell in May

1987

1954

1921

1888

RESULT

Esperance de Tunis 1 Guadalajara 1 
(Esperance won 6-5 on penalties)
Esperance: Belaili 38’
Guadalajara: Sandoval 5’

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

States of Passion by Nihad Sirees,
Pushkin Press

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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.

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.”

THE%20SPECS
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Name: Peter Dicce

Title: Assistant dean of students and director of athletics

Favourite sport: soccer

Favourite team: Bayern Munich

Favourite player: Franz Beckenbauer

Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates 

 

How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less

French Touch

Carla Bruni

(Verve)

Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
Tips for job-seekers
  • Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
  • Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.

David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East

UAE%20SQUAD
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T20 World Cup Qualifier, Muscat

UAE FIXTURES

Friday February 18: v Ireland

Saturday February 19: v Germany

Monday February 21: v Philippines

Tuesday February 22: semi-finals

Thursday February 24: final 

Frankenstein in Baghdad
Ahmed Saadawi
​​​​​​​Penguin Press

Super Rugby play-offs

Quarter-finals

  • Hurricanes 35, ACT 16
  • Crusaders 17, Highlanders 0
  • Lions 23, Sharks 21
  • Chiefs 17, Stormers 11

Semi-finals

Saturday, July 29

  • Crusaders v Chiefs, 12.35pm (UAE)
  • Lions v Hurricanes, 4.30pm

 

 

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Updated: September 05, 2022, 12:28 PM