When The Palm Fountain plays the latest composition by Ihab Darwish on National Day, it will be a triumph of technology and will.
On the evening of Wednesday, December 2, all 128 super shooters of the fountain – officially classified as the world's biggest by the Guinness Book of World Records – will dance along to the latest piece by the Emirati composer.
Created especially for the occasion, Darwish said the three-and-a-half-minute song, Aim for the Sky, will pay homage to the UAE's culture as well as capture Dubai's cosmopolitanism.
The task, Darwish says, was no easy feat. With the project commissioned three months ago, he describes the compositional process as painstaking and intensive owing to what was at stake.
"This was a different way of creating music as there were a lot things to consider," he says. "The first thing I needed to do was be familiar with the fountain and understand its capabilities. I also had to look at the location in general and see how it could all work together with the music."
A fusion of cultures
With the fountain located in the picturesque leisure hub of The Pointe, Darwish felt the music had to be both vibrant and aspirational.
“The UAE has so many cultures and nationalities and is always looking ahead,” he says. “I wanted the piece to really drive that message home but do it in a way that is musically universal.”
To achieve that, Darwish used a host of instruments from the region and beyond. Aim for the Sky fuses classical elements such as string sections and soprano vocals with Emirati rhythms, such as the flutters of the oud and wistful sounds of the ney – an instrument known as the Arabic flute.
When it comes to contemporary influences, Darwish says the piece uses electric guitars, keyboards and an attitude straight out of the pop music songbook.
"This is not just a song, but a sonic brand for the fountain," he says. "This song will be played frequently so it needs to be catchy. I wanted the opening four or five notes of the song to not just trigger people's imagination, but to also have them remembering the fountain whenever they hum it."
A new way of conducting
Such a piece would be challenging to produce under normal circumstances.
With Darwish unable to travel to Poland to work with his preferred ensemble, the Beethoven Academy Orchestra, he had to be resourceful when it came to rehearsals and recording.
"I conducted the orchestra on Zoom," he says, with a laugh. "I would be with them in the rehearsals and give them notes and advice. Then another conductor on the ground with the orchestra would carry out the suggestions."
The same process was followed when it came to seeing the technical rehearsals at the fountains. Since he lives in Abu Dhabi, Darwish would receive dozens of videos of the fountains gliding along to his notes, leaving him to fire back suggestions via video conference.
“To be honest, I didn’t need to provide too many notes because the people working on the fountain are absolute professionals,” he says. “They practically nailed the choreography from the first time and it just looks so beautiful.”
It may have not been the usual way of doing things, but Darwish says the whole experience has been creatively fulfilling. He is now using that energy to complete his new album, which will be out next year.
Darwish says the release will continue the themes first explored in his debut record, Waves of My Life, which he premiered during an Abu Dhabi Festival performance in 2017.
"It will be cinematic, expressive and symphonic," he says. "Some of the genres I am playing with include opera and even hip-hop. I think it will be a bolder release and I am looking forward to people hearing it."
‘Aim for the Sky’ by Ihab Darwish will be performed regularly at The Palm Fountain at The Pointe, Dubai, from Wednesday, December 2.
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.”
Fixtures
Friday Leganes v Alaves, 10.15pm; Valencia v Las Palmas, 12.15am
Saturday Celta Vigo v Real Sociedad, 8.15pm; Girona v Atletico Madrid, 10.15pm; Sevilla v Espanyol, 12.15am
Sunday Athletic Bilbao v Getafe, 8.15am; Barcelona v Real Betis, 10.15pm; Deportivo v Real Madrid, 12.15am
Monday Levante v Villarreal, 10.15pm; Malaga v Eibar, midnight
Charlotte Gainsbourg
Rest
(Because Music)
JOKE'S%20ON%20YOU
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HWJN
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Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- 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
Company%20profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20WallyGPT%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2014%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3ESaeid%20and%20Sami%20Hejazi%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%3Cbr%3E%3Cstrong%3EInvestment%20raised%3A%20%3C%2Fstrong%3E%247.1%20million%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%2020%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3EPre-seed%20round%3C%2Fp%3E%0A
Stree
Producer: Maddock Films, Jio Movies
Director: Amar Kaushik
Cast: Rajkummar Rao, Shraddha Kapoor, Pankaj Tripathi, Aparshakti Khurana, Abhishek Banerjee
Rating: 3.5
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