Whenever Fahad Al Arif drives past the Abu Dhabi Corniche, he is overwhelmed with nostalgia.
After all, it was there, on a large, beachside stage, that he announced his arrival as an exciting new Emirati music talent.
The crowd at the 2019 Mother of the Nation Festival were all too receptive, as they clapped and sang along to his hit, Khasirny, which has amassed more than 70 million YouTube streams.
With the onset of the pandemic, that momentous gig remains his most recent performance. Therefore, you can understand Al Arif’s enthusiasm to get back on stage on Saturday, August 29, to close The Fridge concert series at Dubai’s Alserkal Avenue.
"You can't imagine how long I have been waiting for this moment, he tells The National. "A lot of the plans we had for shows and other opportunities this year changed because of the situation, but everything happens for a reason."
“Sometimes I would drive to Abu Dhabi for a break and seeing the Corniche again brings back those great memories.”
Taking it back to basics
The period he spent off stage wasn’t all in vain, however.
Al Arif used the time to co-write and release a number of new tracks such as Heel Feeny and Walle.
Hearing his growing body of work, you begin to realise why Al Arif is garnering a large and youthful fan base in the Gulf. From his direct lyrics to razor-sharp hooks, his appeal lies in stripping songs down to their essentials.
This is a far cry from today’s standard Khaleeji pop songs, which are often burdened with long-winded instrumental passages and syrupy strings sections.
"I wanted to move away from that, not only to be different but also because there is simply no need for all that extra production," he says. "I mean, I love the strings and if done properly it can really elevate a song, but I just like the idea of keeping it simple and allowing the hooks and melody to carry the song. This is why Khasirny did so well for me."
As well as the streamlined songwriting approach, what propelled Khasirny's impressive streaming numbers is its understated blues and funk flavours. The tempo changes are graceful, while the zippy keyboard riffs coast over bluesy guitar grooves.
Best of all is Al Arif’s husky voice, which is powerful yet elegantly restrained to allow the song’s hooks to shine.
That minimalism, he says, comes down to his eclectic taste. Born in Dubai to music-loving parents, Al Arif recalls a household full of the yearning notes of classic singers Umm Kulthum and Abdel Halim Hafez.
Since beginning his career in 2014, Al Arif gradually incorporated more western elements into his craft, thanks to his expanding musical tastes, which include instrumental jazz and the blues wunderkind, Christone "Kingfish" Ingram.
“It really made me approach my singing and songwriting from a new way,” he says. “Of course, I am singing Khaleeji songs but you can also do different kinds of things with them.”
What the UAE music industry needs
It is a lack of experimentation, Al Arif says, that has caused the Khaleeji music genre to lose some of its vitality over the years.
“The challenge is in the production and the songwriting,” he says. “I just feel that it is not as strong or as fresh as it used to be.”
That problem is even more pronounced in the Emirati music industry.
With the scene as small and tight-knit as it is competitive, Al Arif says it is no wonder that the “same big names” have been dominating the genre.
“First of all, I need to be clear that we younger local musicians have nothing but love and respect for these elder artists who have paved the way for us and taught us so much,” he says. “But at the same time, we also have to develop the next generation.”
For that to happen, Al Arif says everyone in the local industry needs to be on song.
“We need the bigger artists, producers and event organisers to also look at young Emirati singers and give them a chance because there is lot of talent out there,” he says.
“I am not saying give us a whole concert, but even a small appearance. This is how all the major stars began, with someone extending the opportunity. Hopefully, we can continue this with the next generation and beyond.”
In the meantime, Al Arif’s advice to fellow local talents is to keep learning and grafting.
“I haven’t performed for a year but I can tell you that I have been busy,” he says. “I have been reading, learning and playing new instruments. Making it in the industry requires some luck, but that doesn’t come without the hard work. The key is to not give up.”
Fahad Al Arif performs on Saturday, August 29 at The Fridge, Alserkal Avenue, Dubai. 7.30pm. Tickets are Dh80 at dubai.platinumlist.net
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
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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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Global state-owned investor ranking by size
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Norway
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Canada
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