For the second year in a row, Glastonbury Festival has been cancelled because of the Covid-19 pandemic. However, music will be back at Worthy Farm this weekend as a special edition of Glastonbury is taking place as a live-stream event.
Those who have attended Glastonbury will recognise some of the festival's landmarks, which will act as the backdrop for performances by global stars.
“After two Glastonbury cancellations, it brings us great pleasure to announce our online live stream, which will present live music performances filmed across Worthy Farm at landmarks including the Pyramid and, for the first time ever, the Stone Circle,” festival organiser Emily Eavis said.
“It will feature a rolling cast of artists and performers who have all given us enormous support by agreeing to take part in this event, showing the farm as you have never seen it.”
Here’s everything you need to know …
Who is playing Glastonbury Festival 2021?
The full line-up involved sets from Glastonbury regulars Coldplay, who have headlined the festival's Pyramid Stage three times, as well as Damon Albarn, Haim, Idles, Jorja Smith, Kano, Michael Kiwanuka, Wolf Alice and DJ Honey Dijon. And it wouldn't be Glastonbury without surprise sets, so expect to see some more familiar faces throughout the broadcast.
When is Glastonbury 2021 taking place?
The main event will be streaming on Saturday, May 22, with an encore event taking place on the evening of Sunday, May 23. Timings vary depending on where you are in the world, but you will be able to watch the event at the following times:
Saturday May 22:
Live stream 1 – UK, Europe, Africa and Middle East: 7pm British Summer Time (BST) • 8pm Central European Summer Time (CEST) and South African Standard Time (SAST) • 9pm Moscow Standard Time (MSK) and Eastern European Summer Time (EEST) • 10pm Gulf Standard Time
Live stream 2 – North America (East Coast) and Central and South America: 6pm Central Daylight Time • 7pm Eastern Daylight Time (EDT) • 8pm Argentina Time and Brasilia Time • midnight BST
Live stream 3 – North America (West Coast): 7pm Pacific Daylight Time (PDT) • 3am BST
Live stream 4 – Australia, New Zealand and Asia (on Sunday May 23): 4pm Indochina Time • 5pm Hong Kong Time and Philippine Standard Time • 6pm Japan Standard Time and Korea Standard Time • 7pm Australian Eastern Standard Time • 9pm New Zealand Standard Time • 10pm BST
Sunday May 23:
Global encore screening 1 – 2pm BST • 3pm CEST and SAST • 4pm EEST • 9am EDT
Global encore screening 2 – 7pm BST • 8pm CEST and SAST • 9pm EEST • 2pm EDT • 11pm PDT
Tickets and how to watch
To watch Glastonbury 2021, you'll need to buy a ticket to the event. Tickets cost £20, or for £40, you will also get an official Glastonbury poster.
Each ticket allows access to a five-hour live stream from Worthy Farm, exclusive full band sets and special guest appearances.
Once a ticket has been purchased through www.worthyfarm.live, you'll receive a unique URL and code, which will grant you access to the live stream.
The Library: A Catalogue of Wonders
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1,942 teams
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76 nations
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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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HIJRA
Starring: Lamar Faden, Khairiah Nathmy, Nawaf Al-Dhufairy
Director: Shahad Ameen
Rating: 3/5
Results:
5pm: Maiden (PA) | Dh80,000 | 1,200 metres
Winner: Jabalini, Szczepan Mazur (jockey), Younis Kalbani (trainer)
5.30pm: UAE Arabian Derby (PA) | Prestige | Dh150,000 | 2,200m
Winner: Octave, Gerald Avranche, Abdallah Al Hammadi
6pm: Arabian Triple Crown Round 3 (PA) | Group 3 Dh300,000 | 2,200m
Winner: Harrab, Richard Mullen, Mohamed Ali
6.30pm: Emirates Championship (PA) | Group 1 | Dh1million | 2,200m
Winner: BF Mughader, Szczepan Mazur, Younis Al Kalbani
7pm: Abu Dhabi Championship (TB) | Group 3 | Dh380,000 | 2,200m
Winner: GM Hopkins, Patrick Cosgrave, Jaber Ramadhan
7.30pm: Wathba Stallions Cup (PA) | Conditions | Dh70,000 | 1,600m
Winner: AF La’Asae, Tadhg O’Shea, Ernst Oertel
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A cryptocurrency primer for beginners
Cryptocurrency Investing for Dummies – by Kiana Danial
There are several primers for investing in cryptocurrencies available online, including e-books written by people whose credentials fall apart on the second page of your preferred search engine.
Ms Danial is a finance coach and former currency analyst who writes for Nasdaq. Her broad-strokes primer (2019) breaks down investing in cryptocurrency into baby steps, while explaining the terms and technologies involved.
Although cryptocurrencies are a fast evolving world, this book offers a good insight into the game as well as providing some basic tips, strategies and warning signs.
Begin your cryptocurrency journey here.
Available at Magrudy’s , Dh104
Tewellah by Nawal Zoghbi is out now.
What vitamins do we know are beneficial for living in the UAE
Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.
Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.
Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.
Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.
What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
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Abu Dhabi traffic facts
Drivers in Abu Dhabi spend 10 per cent longer in congested conditions than they would on a free-flowing road
The highest volume of traffic on the roads is found between 7am and 8am on a Sunday.
Travelling before 7am on a Sunday could save up to four hours per year on a 30-minute commute.
The day was the least congestion in Abu Dhabi in 2019 was Tuesday, August 13.
The highest levels of traffic were found on Sunday, November 10.
Drivers in Abu Dhabi lost 41 hours spent in traffic jams in rush hour during 2019
UAE currency: the story behind the money in your pockets
About Takalam
Date started: early 2020
Founders: Khawla Hammad and Inas Abu Shashieh
Based: Abu Dhabi
Sector: HealthTech and wellness
Number of staff: 4
Funding to date: Bootstrapped
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