The UAE has enjoyed a long, lively love affair with Guns N’ Roses – but now, we are ready to take that relationship to a whole new level.
Over the years, there have been multiple visits from both of the band’s main players, and a few loyal sidemen. But tomorrow, audiences will see Axl Rose and Slash together on the same stage in the UAE for the first time.
The Not in This Lifetime... Tour, which kicked off last April, features guitar hero Slash and bassist Duff McKagan back in the band for the first time in 23 years. But over the past decade – during which the idea of such a “classic line-up” reunion was just a misty-eyed dream – loyal local fans have lapped up numerous chances to bathe in the bittersweet GN’R afterglow.
In early 2008, Slash and McKagan stole the show at Dubai Desert Rock Festival in the band Velvet Revolver – which also featured former Gunners drummer Matt Sorum. It was one of the supergroup’s final gigs before vocalist Scott Weiland quit to rejoin Stone Temple Pilots.
Nearly three years later, Axl brought his version of Guns N' Roses to Yas Island, in late 2010, on the final stretch of the band's decade-long tour in support of Chinese Democracy – the wildly delayed, sole non-Slash LP that was eventually released to global chagrin in 2008.
One of that version of the band's bit-part players was to prove a perennial UAE visitor. Guitar virtuoso Ron "Bumblefoot" Thal first appeared at Dubai's Hard Rock Cafe in 2012 to help local rockers Point of View launch their strong debut album Revolutionize the Revolutionary.
It was the beginning of a long-running relationship with the award-winning UAE band, which culminated in a joint tour of India, and follow-up gigs at The Fridge in 2013 and The Music Room in 2014.
When Axl brought his GN’R back to du Arena in 2013, Bumblefoot appeared onstage in a Point of View T-shirt.
On Friday, the PoV relationship reach another level, as the Dubai rockers to support the reformed Guns N’ Roses at the Autism Rocks Arena.
Axl's 2013 concert came just weeks after Slash brought his solo tour to Dubai Tennis Stadium, with a band that featured singer Myles Kennedy. They performed six GN'R classics, all from 1987 breakthrough album Appetite for Destruction.
The number of Guns N’ Roses tribute bands who have played The Music Room in Dubai would be embarrassing to count, if they had not proved to be so fun. A planned visit to the same venue by Gilby Clarke – GN’R’s rhythm guitarist during the world-conquering glory years of 1991 to 1994 – was cancelled in 2015, as was a gig at Abu Dhabi’s The Exchange Lounge, allegedly due to security concerns on the United Kingdom leg of the tour.
If all this proves anything, it is that the GN’R’s legacy runs far deeper than the fetishised early line-up. Even the touring juggernaut of the early 90s starred three non-founder members – Clarke, Sorum, and keyboardist Dizzy Reed, who joined in 1990 and is the only member aside from Rose to have enjoyed uninterrupted membership since then.
Friday night, then, is just the latest chapter in the ongoing love affair between UAE audiences and Guns N’ Roses – and don’t count on it being the last.
rgarratt@thenational.ae
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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Joker: Folie a Deux
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The specs: 2017 Dodge Ram 1500 Laramie Longhorn
Price, base / as tested: Dhxxx
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TEACHERS' PAY - WHAT YOU NEED TO KNOW
Pay varies significantly depending on the school, its rating and the curriculum. Here's a rough guide as of January 2021:
- top end schools tend to pay Dh16,000-17,000 a month - plus a monthly housing allowance of up to Dh6,000. These tend to be British curriculum schools rated 'outstanding' or 'very good', followed by American schools
- average salary across curriculums and skill levels is about Dh10,000, recruiters say
- it is becoming more common for schools to provide accommodation, sometimes in an apartment block with other teachers, rather than hand teachers a cash housing allowance
- some strong performing schools have cut back on salaries since the pandemic began, sometimes offering Dh16,000 including the housing allowance, which reflects the slump in rental costs, and sheer demand for jobs
- maths and science teachers are most in demand and some schools will pay up to Dh3,000 more than other teachers in recognition of their technical skills
- at the other end of the market, teachers in some Indian schools, where fees are lower and competition among applicants is intense, can be paid as low as Dh3,000 per month
- in Indian schools, it has also become common for teachers to share residential accommodation, living in a block with colleagues
Her most famous song
Aghadan Alqak (Would I Ever Find You Again)?
Would I ever find you again
You, the heaven of my love, my yearning and madness;
You, the kiss to my soul, my cheer and
sadness?
Would your lights ever break the night of my eyes again?
Would I ever find you again?
This world is volume and you're the notion,
This world is night and you're the lifetime,
This world is eyes and you're the vision,
This world is sky and you're the moon time,
Have mercy on the heart that belongs to you.
Lyrics: Al Hadi Adam; Composer: Mohammed Abdel Wahab
A Dog's Journey
Directed by: Gail Mancuso
Starring: Dennis Quaid, Josh Gad, Marg Helgenberger, Betty Gilpin, Kathryn Prescott
3 out of 5 stars
Who was Alfred Nobel?
The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.
- In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
- Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
- Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.