Lebanese singer Nancy Ajram. The IFPI has announced the creation of a regional music chart that will include works released across the Middle East and North Africa. EPA
Lebanese singer Nancy Ajram. The IFPI has announced the creation of a regional music chart that will include works released across the Middle East and North Africa. EPA
Lebanese singer Nancy Ajram. The IFPI has announced the creation of a regional music chart that will include works released across the Middle East and North Africa. EPA
Lebanese singer Nancy Ajram. The IFPI has announced the creation of a regional music chart that will include works released across the Middle East and North Africa. EPA

Meet the people building a Gulf music chart and protecting artists' rights


Saeed Saeed
  • English
  • Arabic

The Middle East and North Africa’s music industry has a new champion.

As director of the newly established regional chapter of the International Federation of the Phonographic Industry, Rawan Al Dabbas is aiming to shake up the region’s thriving music scene through initiatives that compile and share information about the sector, in addition to protecting the rights of record labels and their artists.

The first project that has been announced as part of the May launch is the creation of a regional music chart spanning works released across the Mena region.

Also on the cards is the establishment of a regional music collection agency, an organisation that collects royalties on behalf of record labels featuring artists whose work has been used in commercial venues or licensed to television, films and advertising campaigns.

What is the IFPI?

Rawan Al Dabbas is the regional director of the International Federation of the Phonographic Industry. Courtesy: IFPI
Rawan Al Dabbas is the regional director of the International Federation of the Phonographic Industry. Courtesy: IFPI

These announced moves not only elevate and align the region’s industry practices with major international music markets, it also marks the arrival of a powerful music organisation to the Arab world.

Founded in 1933 and with a main base in London, the IFPI is a non-profit organisation representing the interests of more than 8,000 record labels spanning 70 countries.

The Mena chapter, with headquarters in Abu Dhabi’s Yas Creative Hub, joins a network of regional offices including Hong Kong, Miami and Nairobi.

The IFPI also counts the British Phonographic Industry as a member, the organisation behind the UK’s annual Brit Awards.

The Mena branch was officially launched with its founding members, including the three biggest regional labels: Sony Music Entertainment Middle East, Warner Music Middle East and Universal Music Mena. Noura Al Kaabi, Minister of Culture and Youth, also attended.

Al Dabbas tells The National a new creative ecosystem is being forged in Mena.

"I have to stress how important this is because now you are not only getting the record labels here working together, you are also getting government ministries looking at the music scene as not as a separate thing, but part of a wider creative ecosystem," she says.

"Having the IFPI not only means the music industry here has somebody in the region representing their interests, but it is also a way to continue building the industry by attracting future talent from Mena.”

The Mena music scene is thriving

The Mena chapter also represents a strong endorsement of the region’s music landscape.

According to the IFPI's Global Music Report 2022, the Mena region experienced a 35 per cent growth in music revenues in 2021, establishing it as the world’s fastest growing territory of that year.

This is in comparison to the massive Latin American market, which recorded a 31.2 per cent climb, followed by the US and Canada, Europe and Asia.

Al Dabbas says such growth necessitates the creation of a regional chart, to be launched soon.

More than the bragging rights afforded to artists at the top, the information supplied by the charts — extrapolated from streaming figures across music, social media platforms and physical sales — will provide consistent and timely information on the developments of the Mena music scene.

The initiative will be backed by the IFPI’s lobbying efforts for sound policies to help the industry unlock its full potential.

"Ultimately, we want to get the value of music hopefully recognised and for the artists to see the value for it, which will encourage them to create more," he says.

"By representing so many global members, we can share our knowledge and show what best industry practice looks like, while recognising the local differences and challenges."

Creating a better atmosphere

It will be interesting to see if Emirati pop star Hussein Al Jasmi's popularity translates to the top of the Mena music charts soon to be launched by the IFPI. Satish Kumar / The National
It will be interesting to see if Emirati pop star Hussein Al Jasmi's popularity translates to the top of the Mena music charts soon to be launched by the IFPI. Satish Kumar / The National

Al Dabbas has been in the thick of it when it comes to advocating for the rights of Arab creatives.

Prior to joining the IFPI, she spent seven years at the Emirates Publishing Association as the head of legal and international relations.

It is a role in which she facilitated discussions between the publishing industry and UAE authorities to enhance the country’s copyright laws.

“The UAE has excellent copyright laws, to be honest, but there's a big difference between having such a framework and enforcing it and creating the right systems to make it work,” Al Dabbas says.

"So by us being here is significant because now the industry has someone to follow up and press the button, so to speak. The way to fight piracy over here is that you need to first alert the authorities of the alleged offence. We will do that and defend the rights of our members and make sure we can fight that battle."

Al Dabbas disagrees with the notion that her role is akin to policing.

"It is the opposite, in fact,” she says. “I want to encourage legal access to music and create the right environment for people to do that."

Only upon achieving this will the full impact of the IFPI's arrival be felt by regional independent artists, many of whom are unsigned to a label that are members in the organisation.

"At the end of the day we are an organisation that is trying to improve the ecosystem so we all can thrive in," she says.

"While measuring that is not exactly tangible, we are trying to create an atmosphere where all Mena artists can create work while knowing their rights are protected.”

For more information on the Middle East's copyright laws, check out the conversation below between The National's Saeed Saeed and Esmaa co-founder and chief executive Hussain ‘Spek’ Yoosuf as part of Dubai Media City's On Music series.

COMPANY PROFILE

Company: Bidzi

● Started: 2024

● Founders: Akshay Dosaj and Asif Rashid

● Based: Dubai, UAE

● Industry: M&A

● Funding size: Bootstrapped

● No of employees: Nine

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AI traffic lights to ease congestion at seven points to Sheikh Zayed bin Sultan Street

The seven points are:

Shakhbout bin Sultan Street

Dhafeer Street

Hadbat Al Ghubainah Street (outbound)

Salama bint Butti Street

Al Dhafra Street

Rabdan Street

Umm Yifina Street exit (inbound)

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.”

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  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • 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
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Director: Joseph Kosinski

Rating: 4/5

Company profile: buybackbazaar.com

Name: buybackbazaar.com

Started: January 2018

Founder(s): Pishu Ganglani and Ricky Husaini

Based: Dubai

Sector: FinTech, micro finance

Initial investment: $1 million

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

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The%20Roundup%20%3A%20No%20Way%20Out
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%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Alaan%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202021%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Parthi%20Duraisamy%20and%20Karun%20Kurien%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20FinTech%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20%247%20million%20raised%20in%20total%20%E2%80%94%20%242.5%20million%20in%20a%20seed%20round%20and%20%244.5%20million%20in%20a%20pre-series%20A%20round%3Cbr%3E%3Cbr%3E%3C%2Fp%3E%0A
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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

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Fuel consumption: 9.1L/100km

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  • Kirill Shamalov, Russia's youngest billionaire and previously married to Putin's daughter Katarina
  • Petr Fradkov, head of recently sanctioned Promsvyazbank and son of former head of Russian Foreign Intelligence, the FSB. 
  • Denis Bortnikov, Deputy President of Russia's largest bank VTB. He is the son of Alexander Bortnikov, head of the FSB which was responsible for the poisoning of political activist Alexey Navalny in August 2020 with banned chemical agent novichok.  
  • Yury Slyusar, director of United Aircraft Corporation, a major aircraft manufacturer for the Russian military.
  • Elena Aleksandrovna Georgieva, chair of the board of Novikombank, a state-owned defence conglomerate.
Updated: May 31, 2022, 8:53 AM