Amr Diab is one of the Arab world's most popular singers. Courtesy Flash Entertainment
Amr Diab is one of the Arab world's most popular singers. Courtesy Flash Entertainment
Amr Diab is one of the Arab world's most popular singers. Courtesy Flash Entertainment
Amr Diab is one of the Arab world's most popular singers. Courtesy Flash Entertainment

Amr Diab’s new song celebrates the beauty of Egypt


Saeed Saeed
  • English
  • Arabic

Another summer means another Amr Diab anthem.

Like clockwork, the Egyptian pop king returned this month with the slick pop gem of Ya Baledna Ya Helwa.

The reaction is as expected from Diab’s devoted fan base, with the accompanying music video amassing over 27 million YouTube views in the space of two weeks.

While the track itself is firmly rooted in Diab's comfort zone of hooky Egyptian pop mixed with lashings of Mediterranean and Latin inspired guitars, Ya Baledna Ya Helwa stands out for being a yearning tribute to the singer's homeland.

Translating to "O’ Our Country, You Beauty", the song celebrates Egypt's social and geographical diversity.

In addition to paying tribute to the city dwellers of Cairo, Diab also gives a nod to the Southern Egyptian city of Aswan and its vibrant Nubian community.

He goes on to praise Al Sharq, with its "generous and honourable people", and the "energy" of Port Said and Ismailia.

The celebratory lyrics come with a heartwarming video shot in all the cities and regions that the song mentions. If you are still considering taking an Egyptian holiday once it’s safe to do so, one look at this video should seal the deal.

Written by composers Aziz Al Shafei and Tamer Hussein, the track was written in quick time, with a brief to spread smiles among Egyptians.

"We worked on it for about two or three weeks," Al Shafei told the online program ET Bel Arabi. "Diab told us he wanted a song that was about Egypt, but it had to be commercial and catch the heart of people, especially now that we live in the age of the coronavirus."

Amr Diab takes centre stage on a Times Square billboard. Courtesy Spotify
Amr Diab takes centre stage on a Times Square billboard. Courtesy Spotify

Diab's latest success is another milestone in a career spanning nearly 40 years. In addition to the over 50 million albums he's sold, Diab has achieved the rare feat of eclipsing the Arab music scene to become a global star.

This was demonstrated in lights, so to speak, when Diab became the first Arabic music artist to be beamed on a Times Square advert in New York City last December.

"Music is a language that speaks emotions and not only words," he said on the occasion. "I am blessed to have touched people around the world with my music."

Diab’s global appeal is also demonstrated in increasingly expansive world tours that take in cities not just home to large Arab diaspora communities. Some new stops in recent years include the Romanian and Czech capitals, Bucharest and Prague.

Diab last performed in the UAE in January, with 10,000 people congregating at the Dubai Media City Amphitheatre for a sold-out concert.

It was one of the last major gigs to be held in the country before large concerts were halted as a safety measure against the spread of the coronavirus.

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Gina MIller, anti-Brexit campaigner

Lord Smith, former Cabinet minister

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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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Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

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