Thousands of eager fans packed into the Coca-Cola Arena to watch the first Coke Studio Live in Dubai on Friday.
The line-up featured artists from the latest season of TV and internet show Coke Studio, which has been hugely popular across the Indian subcontinent.
The concert started almost an hour late, but the energetic, albeit brief, performances more than made up for the wait.
Norwegian viral dance group Quick Style opened the show with a bang, but only performed on two songs — one of which was Kana Yaari, a popular track from Season 14 of Coke Studio.
A slick Hasan Raheem took the stage next, along with musical duo Justin Bibis for a performance of their funky electro song Peechay Hutt — which unfortunately wasn't as smooth. While the Bibis were pitch perfect, Raheem's singing was a bit jarring and came across rather shrill. It stayed that way for the rest of his performance. It was disappointing, given how Raheem's career is on the up in the Pakistani music scene.
Another jarring moment came from alternative rock band Karakoram, whose opener Toofaan, while popular, felt a bit out of place in keeping with the tone with the concert. However, their rendition of their Coke Studio hit Ye Dunya certainly left many in the audience smiling.
The Young Stunners, though fairly new, made an impression with their song Gumaan, and were particularly fun to watch with Faisal Kapadia.
Kapadia, who was a part of the hugely popular Pakistani band Strings, was the ultimate rock star on stage — and looked the part, too, in his leather jacket, dark glasses and long hair. A performance of Phir Milenge from the latest season of Coke Studio with the Young Stunners was followed by stellar solo performances of his old band's popular hits Dhaani and Duur.
A surprise act came in the form of Zulfiqar "Xulfi" Jabbar Khan, the producer behind the massive success of season 14 of Coke Studio, who had the audience singing along to Laree Choote by Pakistani band Call.
But the mood completely changed when Ali Sethi, the artist the audience had been waiting for all evening, took the stage.
Starting with soulful, heartfelt and beautiful renditions of some of his popular songs — Ishq, Chan Kithan and Chandni Raat — he then moved on to the grand finale of the night — Pasoori. The song, which has proved to be the biggest success of the season, has been viewed 409 million times on YouTube, and features rising star Shae Gill, who joined him on stage to perform it.
Dressed in their outfits from the song's video, the artists performed the track twice, bringing all the other stars of the night, as well as the crew, on stage to end on a high.
The artists of Coke Studio gave fans a memorable night, though not always for the right reasons. It was a feat in itself to have a show with so many artists packed in to so little time — one hour and 20 minutes to be precise.
However, though it may have been short, it was certainly sweet. For the most part.
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.”
Skoda Superb Specs
Engine: 2-litre TSI petrol
Power: 190hp
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Price: From Dh147,000
Available: Now
Killing of Qassem Suleimani
Call of Duty: Black Ops 6
Developer: Treyarch, Raven Software
Publisher: Activision
Console: PlayStation 4 & 5, Windows, Xbox One & Series X/S
Rating: 3.5/5
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Director: Laxman Utekar
Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna
Rating: 1/5
Expert advice
“Join in with a group like Cycle Safe Dubai or TrainYAS, where you’ll meet like-minded people and always have support on hand.”
Stewart Howison, co-founder of Cycle Safe Dubai and owner of Revolution Cycles
“When you sweat a lot, you lose a lot of salt and other electrolytes from your body. If your electrolytes drop enough, you will be at risk of cramping. To prevent salt deficiency, simply add an electrolyte mix to your water.”
Cornelia Gloor, head of RAK Hospital’s Rehabilitation and Physiotherapy Centre
“Don’t make the mistake of thinking you can ride as fast or as far during the summer as you do in cooler weather. The heat will make you expend more energy to maintain a speed that might normally be comfortable, so pace yourself when riding during the hotter parts of the day.”
Chandrashekar Nandi, physiotherapist at Burjeel Hospital in Dubai
Understand What Black Is
The Last Poets
(Studio Rockers)
The Greatest Royal Rumble card
50-man Royal Rumble - names entered so far include Braun Strowman, Daniel Bryan, Kurt Angle, Big Show, Kane, Chris Jericho, The New Day and Elias
Universal Championship Brock Lesnar (champion) v Roman Reigns in a steel cage match
WWE World Heavyweight ChampionshipAJ Styles (champion) v Shinsuke Nakamura
Intercontinental Championship Seth Rollins (champion) v The Miz v Finn Balor v Samoa Joe
United States Championship Jeff Hardy (champion) v Jinder Mahal
SmackDown Tag Team Championship The Bludgeon Brothers (champions) v The Usos
Raw Tag Team Championship (currently vacant) Cesaro and Sheamus v Matt Hardy and Bray Wyatt
Casket match The Undertaker v Rusev
Singles match John Cena v Triple H
Cruiserweight Championship Cedric Alexander v Kalisto
Youth YouTuber Programme
The programme will be presented over two weeks and will cover the following topics:
- Learning, scripting, storytelling and basic shots
- Master on-camera presence and advanced script writing
- Beating the algorithm and reaching your core audience
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