Coldplay, the British band fronted by Chris Martin, will perform at Expo 2020 Dubai on February 15. AP Photo
Coldplay, the British band fronted by Chris Martin, will perform at Expo 2020 Dubai on February 15. AP Photo
Coldplay, the British band fronted by Chris Martin, will perform at Expo 2020 Dubai on February 15. AP Photo
Coldplay, the British band fronted by Chris Martin, will perform at Expo 2020 Dubai on February 15. AP Photo

How to watch Coldplay perform at Expo 2020 Dubai if you didn't get tickets


Katy Gillett
  • English
  • Arabic

Coldplay fans in the UAE rejoiced when they heard the British band would be performing at Expo 2020 Dubai on February 15, but it soon became a battle for the tickets, as limited capacity regulations are in place.

While entry to Al Wasl Plaza, where the Higher Power stars will take the stage, is free with an Expo pass — the same rule for all past concerts — the event booked up fast, and it didn't take long before touts started posting adverts on Dubizzle, the online classifieds platform, to sell them for Dh400 to Dh600 ($108 to $163).

Expo 2020 Dubai quickly warned visitors against buying tickets from fraudsters who are taking advantage of the free event.

Each ticket has a unique QR code that can be used only once. Organisers said anyone who tried to enter the venue with a code that had already been used would be turned away.

While those in the country may be disappointed by not being able to attend in person, there are other ways to catch the on-stage action live.

Expo ticket holders, for example, can watch the show on the giant screens on-site. These are located at Jubilee Park, Festival Garden and Dubai Millennium Amphitheatre, where access is granted on a first-come, first-served basis.

Whenever we put it on [virtually] and on Expo TV, we augment it slightly, so you get a few hidden extras. So don't feel that you're missing out; it's actually a very nice way to watch the performance
Sconaid McGeachin,
senior vice president of communications

Screens have also been placed close to Al Wasl Plaza — which will be sealed off during the show — so fans can hear the action while watching it on screen.

"We're also putting up relay screens on the avenues leading into Al Wasl, so you'll be able to look towards Al Wasl, see all the light show and be able to hear it from there and watch it on a screen as well as be able to see up close what's going on on the stage," said Sconaid McGeachin, senior vice president of communications.

She advises those who don't have passes for the concert, which starts at 9pm, to come early.

Those at home can also watch a live stream on VirtualExpoDubai.com, Expo TV on YouTube, Expo 2020’s Facebook page and Oculus VR.

"Whenever we put it on [virtually] and on Expo TV, we augment it slightly, so you get a few hidden extras. So don't feel that you're missing out; it's actually a very nice way to watch the performance and enjoy and be part of it there," said McGeachin.

Most major events and performances at Expo are being broadcast to the world via livestream.

Expo's dazzling opening ceremony raked in the highest views at six million.

See photos of Expo 2020 Dubai's opening ceremony here:

  • Spectacular fireworks and entertainment welcome the world to Expo 2020 Dubai on Thursday night. Photo: Expo 2020 Dubai
    Spectacular fireworks and entertainment welcome the world to Expo 2020 Dubai on Thursday night. Photo: Expo 2020 Dubai
  • The opening ceremony under the magnificent Al Wasl dome. Photo: Karim Sahib / AFP
    The opening ceremony under the magnificent Al Wasl dome. Photo: Karim Sahib / AFP
  • The silver and white ghaf tree forms a centrepiece at the performance centre of Al Wasl Plaza during the opening ceremony. Photo: Ali Haider / EPA
    The silver and white ghaf tree forms a centrepiece at the performance centre of Al Wasl Plaza during the opening ceremony. Photo: Ali Haider / EPA
  • Andrea Bocelli takes the stage at the opening ceremony. Photo: Expo 2020 Dubai
    Andrea Bocelli takes the stage at the opening ceremony. Photo: Expo 2020 Dubai
  • Dancers perform during the opening ceremony. Getty
    Dancers perform during the opening ceremony. Getty
  • Ellie Goulding performs at the Expo 2020 opening ceremony. Photo: Expo 2020 Dubai
    Ellie Goulding performs at the Expo 2020 opening ceremony. Photo: Expo 2020 Dubai
  • Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, and Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, at the Expo 2020 opening ceremony. Photo: Expo 2020 Dubai
    Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, and Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, at the Expo 2020 opening ceremony. Photo: Expo 2020 Dubai
  • Chinese pianist Lang Lang opens the performance at Al Wasl Plaza for the Middle East's first Expo. Photo: Ali Haider / EPA
    Chinese pianist Lang Lang opens the performance at Al Wasl Plaza for the Middle East's first Expo. Photo: Ali Haider / EPA
  • Artists perform during the opening ceremony of Expo 2020 Dubai on Thursday. Photo: Reuters
    Artists perform during the opening ceremony of Expo 2020 Dubai on Thursday. Photo: Reuters
  • In the pink with a splash of colour as the event starts with a bang. Photo: Reuters
    In the pink with a splash of colour as the event starts with a bang. Photo: Reuters
  • The impressive opening ceremony for Expo 2020 Dubai, which was streamed live to millions around the world. Photo: Giuseppe Cacace / AFP
    The impressive opening ceremony for Expo 2020 Dubai, which was streamed live to millions around the world. Photo: Giuseppe Cacace / AFP
  • All flowered up at the Expo 2020 Dubai opening ceremony. Reuters
    All flowered up at the Expo 2020 Dubai opening ceremony. Reuters
  • If the opening night is anything to go by, the entire event promises to be quite a spectacle. Reuters
    If the opening night is anything to go by, the entire event promises to be quite a spectacle. Reuters
  • Artists perform during the opening ceremony of Expo 2020 Dubai. Photo: Kamran Jebreili / AP
    Artists perform during the opening ceremony of Expo 2020 Dubai. Photo: Kamran Jebreili / AP
  • Lights, colour and fun are the order of the day. Photo: Reuters
    Lights, colour and fun are the order of the day. Photo: Reuters
  • Andra Day takes centre stage. Photo: Expo 2020 Dubai
    Andra Day takes centre stage. Photo: Expo 2020 Dubai
  • Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, declares Expo 2020 Dubai open with a prayer. Photo: Expo 2020 Dubai
    Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, declares Expo 2020 Dubai open with a prayer. Photo: Expo 2020 Dubai
  • World-renowned Emirati singer Hussain Al Jassmi performs in his country's Expo opening ceremony. Photo: Expo 2020 Dubai
    World-renowned Emirati singer Hussain Al Jassmi performs in his country's Expo opening ceremony. Photo: Expo 2020 Dubai
  • Ahlam AlShamsi performs. Photo: Expo 2020 Dubai
    Ahlam AlShamsi performs. Photo: Expo 2020 Dubai
  • Dimitri Kerkentzes, Secretary General of the Bureau International des Expositions, the governing body of world's fairs, addresses the audience at the opening ceremony. Photo: Expo 2020 Dubai
    Dimitri Kerkentzes, Secretary General of the Bureau International des Expositions, the governing body of world's fairs, addresses the audience at the opening ceremony. Photo: Expo 2020 Dubai
  • Hussain Al Jassmi, Mayssa Karaa and Almas perform during the opening ceremony of Expo 2020 Dubai. AFP
    Hussain Al Jassmi, Mayssa Karaa and Almas perform during the opening ceremony of Expo 2020 Dubai. AFP
  • Fireworks light up the skies around the Expo site in Dubai. Photo: Expo 2020 Dubai
    Fireworks light up the skies around the Expo site in Dubai. Photo: Expo 2020 Dubai
  • A logo of Expo 2020 Dubai is projected during the opening ceremony. AFP
    A logo of Expo 2020 Dubai is projected during the opening ceremony. AFP
  • Flag-raising at the opening ceremony of Expo 2020 Dubai on Thursday.
    Flag-raising at the opening ceremony of Expo 2020 Dubai on Thursday.
  • Ahlam AlShamsi performs during the opening ceremony. Photo: Kamran Jebreili / AP
    Ahlam AlShamsi performs during the opening ceremony. Photo: Kamran Jebreili / AP
  • Artists perform during the opening ceremony of Expo 2020 Dubai. Photo: Reuters
    Artists perform during the opening ceremony of Expo 2020 Dubai. Photo: Reuters
  • The opening ceremony of Expo 2020 Dubai on Thursday. Photo: Reuters
    The opening ceremony of Expo 2020 Dubai on Thursday. Photo: Reuters
  • The full spectacle that was the Expo 2020 Dubai opening ceremony on Thursday night. Photo: David Jimenez / Expo 2020 Dubai
    The full spectacle that was the Expo 2020 Dubai opening ceremony on Thursday night. Photo: David Jimenez / Expo 2020 Dubai
  • Dubai opens its Expo 2020 with an extravagant opening ceremony of fireworks, flags and light shows. Photo: AFP
    Dubai opens its Expo 2020 with an extravagant opening ceremony of fireworks, flags and light shows. Photo: AFP
  • Opening ceremony fireworks. Photo: Expo 2020 Dubai
    Opening ceremony fireworks. Photo: Expo 2020 Dubai
  • A young Emirati performs in the story of the ring that inspired the Expo 2020 Dubai logo. Photo: Christophe Viseux / Expo 2020 Dubai
    A young Emirati performs in the story of the ring that inspired the Expo 2020 Dubai logo. Photo: Christophe Viseux / Expo 2020 Dubai
  • The world's fair was delayed by a year due to the coronavirus pandemic. Photo: Expo 2020 Dubai
    The world's fair was delayed by a year due to the coronavirus pandemic. Photo: Expo 2020 Dubai
  • Performers line up to welcome visitors to the site of Expo 2020 Dubai. Photo: AFP
    Performers line up to welcome visitors to the site of Expo 2020 Dubai. Photo: AFP
  • Emirati girls welcome guests before the Expo 2020 Dubai opening ceremony. Chris Whiteoak / The National
    Emirati girls welcome guests before the Expo 2020 Dubai opening ceremony. Chris Whiteoak / The National
  • Traditions at play to help kick off the event. Photo: Chris Whiteoak / The National
    Traditions at play to help kick off the event. Photo: Chris Whiteoak / The National
  • Guests arrive before the Expo 2020 Dubai opening ceremony. Photo: Chris Whiteoak / The National
    Guests arrive before the Expo 2020 Dubai opening ceremony. Photo: Chris Whiteoak / The National
  • A buzz is spreading around the site before the opening ceremony. Photo: Chris Whiteoak / The National
    A buzz is spreading around the site before the opening ceremony. Photo: Chris Whiteoak / The National
  • Al Wasl Plaza before the Expo 2020 Dubai opening ceremony. Photo: Chris Whiteoak / The National
    Al Wasl Plaza before the Expo 2020 Dubai opening ceremony. Photo: Chris Whiteoak / The National
  • The national flags of countries participating in Expo 2020 Dubai. AFP
    The national flags of countries participating in Expo 2020 Dubai. AFP
  • Excited spectators arrive. AFP
    Excited spectators arrive. AFP
  • Members of staff pose for a picture before the Expo 2020 Dubai opening ceremony. Photo: Chris Whiteoak / The National
    Members of staff pose for a picture before the Expo 2020 Dubai opening ceremony. Photo: Chris Whiteoak / The National
  • An ideal photo opportunity. Photo: Chris Whiteoak / The National
    An ideal photo opportunity. Photo: Chris Whiteoak / The National
  • Last-minute preparations, as meticulous as ever, for the big event. Photo: Chris Whiteoak / The National
    Last-minute preparations, as meticulous as ever, for the big event. Photo: Chris Whiteoak / The National
  • Final preparations are under way in Al Wasl Plaza before the Expo 2020 Dubai opening ceremony on Thursday. Chris Whiteoak / The National
    Final preparations are under way in Al Wasl Plaza before the Expo 2020 Dubai opening ceremony on Thursday. Chris Whiteoak / The National
  • Officials have anticipated and prepared for every eventuality that could crop up during the 182-day world's fair. Photo: Chris Whiteoak / The National
    Officials have anticipated and prepared for every eventuality that could crop up during the 182-day world's fair. Photo: Chris Whiteoak / The National

More than three million viewed Alicia Keys' concert in December as she debuted her new double album, Keys, as part of the monthly Infinite Nights series, which the Coldplay gig is also a part of.

These performances focus on themes tied to the world’s fair, with other past acts including Kadim Al Sahir, Nancy Ajram and Ragheb Alama and Black Eyed Peas.

This is not the first time Coldplay have performed in the UAE. They played New Year's Eve concerts in Abu Dhabi in 2011 and 2016, and frontman Chris Martin returned to Dubai in October 2021 to perform at Armani's One Night Only in Dubai event.

At Expo, the band will showcase songs from their new album Music of the Spheres in a never-before-seen show ahead of the start of their world tour in March.

The concert also promises "special guests".

See photos of Alicia Keys' Expo Dubai 2020 concert here:

  • US singer-songwriter Alicia Keys performs at Al Wasl Plaza, Expo 2020 Dubai, where she launched her eighth album, ‘Keys’. AFP
    US singer-songwriter Alicia Keys performs at Al Wasl Plaza, Expo 2020 Dubai, where she launched her eighth album, ‘Keys’. AFP
  • Keys demonstrated her versatility during the performance. AFP
    Keys demonstrated her versatility during the performance. AFP
  • The show was billed as 'Live in 360’ because people around the world were able to watch it on streaming platforms. AFP
    The show was billed as 'Live in 360’ because people around the world were able to watch it on streaming platforms. AFP
  • Keys held the limelight, whether playing the piano or moving across the stage. AFP
    Keys held the limelight, whether playing the piano or moving across the stage. AFP
  • Al Wasl Dome made for a dramatic backdrop. AFP
    Al Wasl Dome made for a dramatic backdrop. AFP
  • The gentle sound of a string quartet provided Keys with an understated entrance, as she swept past the audience in a flowing gown by Dubai designer Furne One of Amato Couture. AFP
    The gentle sound of a string quartet provided Keys with an understated entrance, as she swept past the audience in a flowing gown by Dubai designer Furne One of Amato Couture. AFP
  • Keys ran through her hits and new songs. AFP
    Keys ran through her hits and new songs. AFP
  • She was accompanied by a small orchestra. AFP
    She was accompanied by a small orchestra. AFP
  • Emirati singer Balqees Fathi joins Keys onstage. AFP
    Emirati singer Balqees Fathi joins Keys onstage. AFP
  • Those streaming the show from home could explore the venue from the comfort of their own living rooms. AP
    Those streaming the show from home could explore the venue from the comfort of their own living rooms. AP
  • The hits came thick and fast. AP
    The hits came thick and fast. AP
  • A dance troupe kept a low profile around the circular stage. AP
    A dance troupe kept a low profile around the circular stage. AP
  • Keys also visited the UAE in 2013 and 2019. AP
    Keys also visited the UAE in 2013 and 2019. AP
  • The setting of the show at Expo 2020 was breathtaking. AP
    The setting of the show at Expo 2020 was breathtaking. AP
  • Keys wore an embroidered gold catsuit and an intricately patterned tulle cape, both studded with Swarovski crystals. Reuters
    Keys wore an embroidered gold catsuit and an intricately patterned tulle cape, both studded with Swarovski crystals. Reuters

Coldplay is aligned with Expo's sub-theme of sustainability, after they pledged to make the Music of the Spheres Tour as eco-friendly and low carbon as possible.

The band's sustainability tour plan examines everything from power usage and materials sourced to build the stage, to the kind of food and beverages served.

In December, consultant Paul Schurink, the founder of Zap Concepts, who has co-designed the band's world tour in 2022, told The National they intend to cut their direct emissions by 50 per cent, compared to their previous 2016-2017 tour.

These measures are broadly outlined on Coldplay’s website.

Recently, Martin also told BBC Radio 2 that Coldplay will not record any more music as a band after 2025. The group's lead singer said they would release their last record that year and plan to "only tour" after that.

See photos of Black Eyed Peas's Expo 2020 Dubai concert here:

  • The Black Eyed Peas perform at Expo 2020 Dubai. All photos: Reuters
    The Black Eyed Peas perform at Expo 2020 Dubai. All photos: Reuters
  • The US pop-rap group performed at Al Wasl Plaza.
    The US pop-rap group performed at Al Wasl Plaza.
  • The group hopes the concert can help to chart a way forward for the live music industry struggling with the pandemic.
    The group hopes the concert can help to chart a way forward for the live music industry struggling with the pandemic.
  • The euphoric performance was live-streamed from the Expo website.
    The euphoric performance was live-streamed from the Expo website.
  • Ahead of the show, will.i.am said he hoped the performance 'acts as an inspiration to hold live events with safety measures in place'.
    Ahead of the show, will.i.am said he hoped the performance 'acts as an inspiration to hold live events with safety measures in place'.
  • Band member Taboo makes a heart-shaped gesture to his fans.
    Band member Taboo makes a heart-shaped gesture to his fans.
  • The show featured tracks sung in English, Spanish and Tagalog.
    The show featured tracks sung in English, Spanish and Tagalog.
  • The Black Eyed Peas have topped the charts for nearly three decades, with songs such as 'Where Is the Love?' and 'Boom Boom Pow'.
    The Black Eyed Peas have topped the charts for nearly three decades, with songs such as 'Where Is the Love?' and 'Boom Boom Pow'.
  • A multicultural crowd sang along to some of the band's biggest hits.
    A multicultural crowd sang along to some of the band's biggest hits.
  • Will.i.am motivated the crowd throughout the night with shouts of 'yallah!'
    Will.i.am motivated the crowd throughout the night with shouts of 'yallah!'
  • 'We can't wait to vibe under the dome and have some magical moments,' will.i.am said ahead of the show. Pictured with singer J Rey Soul.
    'We can't wait to vibe under the dome and have some magical moments,' will.i.am said ahead of the show. Pictured with singer J Rey Soul.
  • The high-octane affair was held according to strict safety standards.
    The high-octane affair was held according to strict safety standards.

Top 5 concerns globally:

1. Unemployment

2. Spread of infectious diseases

3. Fiscal crises

4. Cyber attacks

5. Profound social instability

Top 5 concerns in the Mena region

1. Energy price shock

2. Fiscal crises

3. Spread of infectious diseases

4. Unmanageable inflation

5. Cyber attacks

Source: World Economic Foundation

match info

Southampton 0

Arsenal 2 (Nketiah 20', Willock 87')

Red card: Jack Stephens (Southampton)

Man of the match: Rob Holding (Arsenal)

The Settlers

Director: Louis Theroux

Starring: Daniella Weiss, Ari Abramowitz

Rating: 5/5

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
CONFIRMED%20LINE-UP
%3Cp%3EElena%20Rybakina%20(Kazakhstan)%3Cbr%3EOns%20Jabeur%20(Tunisia)%3Cbr%3EMaria%20Sakkari%20(Greece)%3Cbr%3EBarbora%20Krej%C4%8D%C3%ADkov%C3%A1%20(Czech%20Republic)%3Cbr%3EBeatriz%20Haddad%20Maia%20(Brazil)%3Cbr%3EJe%C4%BCena%20Ostapenko%20(Latvia)%3Cbr%3ELiudmila%20Samsonova%3Cbr%3EDaria%20Kasatkina%3Cbr%3EVeronika%20Kudermetova%3Cbr%3ECaroline%20Garcia%20(France)%3Cbr%3EMagda%20Linette%20(Poland)%3Cbr%3ESorana%20C%C3%AErstea%20(Romania)%3Cbr%3EAnastasia%20Potapova%3Cbr%3EAnhelina%20Kalinina%20(Ukraine)%3Cbr%3EJasmine%20Paolini%20(Italy)%3Cbr%3EEmma%20Navarro%20(USA)%3Cbr%3ELesia%20Tsurenko%20(Ukraine)%3Cbr%3EEmma%20Raducanu%20(Great%20Britain)%20%E2%80%93%20wildcard%3C%2Fp%3E%0A
RESULTS

Men – semi-finals

57kg – Tak Chuen Suen (MAC) beat Phuong Xuan Nguyen (VIE) 29-28; Almaz Sarsembekov (KAZ) beat Zakaria Eljamari (UAE) by points 30-27.

67kg – Mohammed Mardi (UAE) beat Huong The Nguyen (VIE) by points 30-27; Narin Wonglakhon (THA) v Mojtaba Taravati Aram (IRI) by points 29-28.

60kg – Yerkanat Ospan (KAZ) beat Amir Hosein Kaviani (IRI) 30-27; Long Doan Nguyen (VIE) beat Ibrahim Bilal (UAE) 29-28

63.5kg – Abil Galiyev (KAZ) beat Truong Cao Phat (VIE) 30-27; Nouredine Samir (UAE) beat Norapat Khundam (THA) RSC round 3.

71kg​​​​​​​ – Shaker Al Tekreeti (IRQ) beat Fawzi Baltagi (LBN) 30-27; Amine El Moatassime (UAE) beat Man Kongsib (THA) 29-28

81kg – Ilyass Hbibali (UAE) beat Alexandr Tsarikov (KAZ) 29-28; Khaled Tarraf (LBN) beat Mustafa Al Tekreeti (IRQ) 30-27

86kg​​​​​​​ – Ali Takaloo (IRI) beat Mohammed Al Qahtani (KSA) RSC round 1; Emil Umayev (KAZ) beat Ahmad Bahman (UAE) TKO round

Dengue%20fever%20symptoms
%3Cp%3EHigh%20fever%20(40%C2%B0C%2F104%C2%B0F)%3Cbr%3ESevere%20headache%3Cbr%3EPain%20behind%20the%20eyes%3Cbr%3EMuscle%20and%20joint%20pains%3Cbr%3ENausea%3Cbr%3EVomiting%3Cbr%3ESwollen%20glands%3Cbr%3ERash%26nbsp%3B%3C%2Fp%3E%0A
How it works

A $10 hand-powered LED light and battery bank

Device is operated by hand cranking it at any time during the day or night 

The charge is stored inside a battery

The ratio is that for every minute you crank, it provides 10 minutes light on the brightest mode

A full hand wound charge is of 16.5minutes 

This gives 1.1 hours of light on high mode or 2.5 hours of light on low mode

When more light is needed, it can be recharged by winding again

The larger version costs between $18-20 and generates more than 15 hours of light with a 45-minute charge

No limit on how many times you can charge

 

The Buckingham Murders

Starring: Kareena Kapoor Khan, Ash Tandon, Prabhleen Sandhu

Director: Hansal Mehta

Rating: 4 / 5

LA LIGA FIXTURES

Saturday  (UAE kick-off times)

Leganes v Getafe (12am)​​​​​​​​​​​​​​

Levante v Alaves (4pm)

Real Madrid v Sevilla (7pm)

Osasuna v Valladolid (9.30pm)

Sunday

Eibar v Atletico Madrid (12am)

Mallorca v Valencia (3pm)

Real Betis v Real Sociedad (5pm)

Villarreal v Espanyol (7pm)

Athletic Bilbao v Celta Vigo (9.30pm)

Monday

Barcelona v Granada (12am)

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Sting & Shaggy

44/876

(Interscope)

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.”

David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

EMERGENCY PHONE NUMBERS

Estijaba – 8001717 –  number to call to request coronavirus testing

Ministry of Health and Prevention – 80011111

Dubai Health Authority – 800342 – The number to book a free video or voice consultation with a doctor or connect to a local health centre

Emirates airline – 600555555

Etihad Airways – 600555666

Ambulance – 998

Knowledge and Human Development Authority – 8005432 ext. 4 for Covid-19 queries

Malcolm & Marie

Directed by: Sam Levinson

Starring: John David Washington and Zendaya

Three stars

RACE CARD

6.30pm Maiden (TB) Dh82.500 (Dirt) 1,400m

7.05pm Handicap (TB) Dh87,500 (D) 1,400m

7.40pm Handicap (TB) Dh92,500 (Turf) 2,410m

8.15pm Handicap (TB) Dh105,000 (D) 1,900m

8.50pm UAE 2000 Guineas Trial (TB) Conditions Dh183,650 (D) 1,600m

9.25pm Dubai Trophy (TB) Conditions Dh183,650 (T) 1,200m

10pm Handicap (TB) Dh102,500 (T) 1,400m

Emergency phone numbers in the UAE

Estijaba – 8001717 –  number to call to request coronavirus testing

Ministry of Health and Prevention – 80011111

Dubai Health Authority – 800342 – The number to book a free video or voice consultation with a doctor or connect to a local health centre

Emirates airline – 600555555

Etihad Airways – 600555666

Ambulance – 998

Knowledge and Human Development Authority – 8005432 ext. 4 for Covid-19 queries

What is graphene?

Graphene is extracted from graphite and is made up of pure carbon.

It is 200 times more resistant than steel and five times lighter than aluminum.

It conducts electricity better than any other material at room temperature.

It is thought that graphene could boost the useful life of batteries by 10 per cent.

Graphene can also detect cancer cells in the early stages of the disease.

The material was first discovered when Andre Geim and Konstantin Novoselov were 'playing' with graphite at the University of Manchester in 2004.

Related
START-UPS%20IN%20BATCH%204%20OF%20SANABIL%20500'S%20ACCELERATOR%20PROGRAMME
%3Cp%3E%3Cstrong%3ESaudi%20Arabia%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EJoy%3A%3C%2Fstrong%3E%20Delivers%20car%20services%20with%20affordable%20prices%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EKaraz%3A%3C%2Fstrong%3E%20Helps%20diabetics%20with%20gamification%2C%20IoT%20and%20real-time%20data%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMedicarri%3A%3C%2Fstrong%3E%20Medical%20marketplace%20that%20connects%20clinics%20with%20suppliers%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMod5r%3C%2Fstrong%3E%3A%20Makes%20automated%20and%20recurring%20investments%20to%20grow%20wealth%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStuck%3A%3C%2Fstrong%3E%20Live%2C%20on-demand%20language%20support%20to%20boost%20writing%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EWalzay%3A%3C%2Fstrong%3E%20Helps%20in%20recruitment%20while%20reducing%20hiring%20time%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EUAE%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EEighty6%3A%20%3C%2Fstrong%3EMarketplace%20for%20restaurant%20and%20supplier%20procurements%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFarmUnboxed%3A%20%3C%2Fstrong%3EHelps%20digitise%20international%20food%20supply%20chain%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ENutriCal%3A%3C%2Fstrong%3E%20Helps%20F%26amp%3BB%20businesses%20and%20governments%20with%20nutritional%20analysis%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EWellxai%3A%3C%2Fstrong%3E%20Provides%20insurance%20that%20enables%20and%20rewards%20user%20habits%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EEgypt%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EAmwal%3A%3C%2Fstrong%3E%20A%20Shariah-compliant%20crowd-lending%20platform%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EDeben%3A%3C%2Fstrong%3E%20Helps%20CFOs%20manage%20cash%20efficiently%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EEgab%3A%3C%2Fstrong%3E%20Connects%20media%20outlets%20to%20journalists%20in%20hard-to-reach%20areas%20for%20exclusives%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ENeqabty%3A%3C%2Fstrong%3E%20Digitises%20financial%20and%20medical%20services%20of%20labour%20unions%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EOman%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMonak%3A%3C%2Fstrong%3E%20Provides%20financial%20inclusion%20and%20life%20services%20to%20migrants%3C%2Fp%3E%0A
Company%C2%A0profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ELeap%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EMarch%202021%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Ziad%20Toqan%20and%20Jamil%20Khammu%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3EPre-seed%0D%3Cbr%3E%3Cstrong%3EFunds%20raised%3A%3C%2Fstrong%3E%20Undisclosed%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3ESeven%3C%2Fp%3E%0A
Updated: February 16, 2022, 11:52 AM