Music composer duo Salim and Sulaiman Merchant made their debut in the capital at the Emirates Palace on Friday night as part of their show Namaste Abu Dhabi for Abu Dhabi Summer Season. The show started right on time, which is rare when it comes to Bollywood-related events.
Salim Merchant took the stage first, opening with Aye Khuda and Aashayein, before welcoming his brother Sulaiman on stage with a little jugalbandi with the percussionists.
They tried to engage with the audience encouraging them to join in on their chartbusters Ishq Wala Love and Shukranallah, but the crowd at this show seemed rather mellow, preferring to listen than join in.
Salim Merchant, who was previously one of the judges for Indian Idol, picked the winner of the 2012 edition, Vipul Mehta, to perform with the duo at the Abu Dhabi show. He got off to a rather screechy start with Bulleya, but showcased his range first with the soulful Yeh Hosla, peppy Haule Haule and the high-on-energy Aadat Se Majboor.
And then there was Raj Pandit, a singer with the composer duo’s band for the show, who may have been on the sidelines, but stood out with his amazing energy, stage presence, the ability to hit high notes and mellifluous voice.
Bollywood playback singer Aditi Singh Sharma, who seemed as comfortable with the mellow Mar Jawaan as she was with the high energy Suraj Dooba Hai, provided the female vocals.
As with most Bollywood concerts, there was a segment dedicated to retro hits, in this case RD Burman's hits from the 70s, featuring songs like Bachne Ae Haseeno, Piya Tu and Om Shanti Om, among others, which are always crowd pleasers.
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After a short break, the duo returned with a couple of their devotional songs – they have been releasing one every five years over Ramadan – Bismillah and Noor – E-Illahi, for which they collaborated with the iconic Pakistani sufi singer Abida Parveen.
They turned up the tempo again first with a medley of love songs, including Khudaya Ve and Kuch Khaas, following it up with more upbeat songs, such as Tauba Tauba and Jugni, before rounding off the night with one of their biggest hits, Ainvayi Ainvayi.
Despite excellent performances by the duo, the band and the singers, I walked out feeling a little shortchanged.
Firstly, quite a few of the songs that were performed in the second half of the show, such as Kawa Kawa, Chaiyya Chaiyya, Channa Mereya and Dua, were not a part of the duo's repertoire, and seemed to have been put in to please the crowds. The addition of the dhol and mixing the popular hits with pop songs like Bruno Mars's 24K, Ed Sheeran's Shape of You and Justin Beiber's Let Me Love You, were nice touches though.
Second, this event was touted as a celebration of the 70th anniversary of India’s independence day, but they did not sing a single patriotic song.
Previous Indian independence day celebration concerts, Shreya Ghoshal last year, and Sunidhi Chauhan the year before last, saw an entire segment dedicated to patriotic songs. This, despite the fact that the composer duo worked on the hugely popular film Chak De! India, the title track of which would have surely had the crowds cheering.
They also released a single Mera Desh Hi Dharam, composed on the request of Indian Prime Minister Narendra Modi, to mark independence day this year, but it did not make it to the show.
The duo, along with their troupe did put on a good show, but a better playlist, that included more of their songs, would have definitely taken it up a notch.
Company%20profile
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The specs: 2018 Nissan Altima
Price, base / as tested: Dh78,000 / Dh97,650
Engine: 2.5-litre in-line four-cylinder
Power: 182hp @ 6,000rpm
Torque: 244Nm @ 4,000rpm
Transmission: Continuously variable tranmission
Fuel consumption, combined: 7.6L / 100km
Results
5pm: Al Maha Stables – Maiden (PA) Dh80,000 (Turf) 1,600m; Winner: Reem Baynounah, Fernando Jara (jockey), Mohamed Daggash (trainer)
5.30pm: Wathba Stallions Cup – Maiden (PA) Dh70,000 (T) 1,600m; Winner: AF Afham, Tadhg O’Shea, Ernst Oertel
6pm: Emirates Fillies Classic – Prestige (PA) Dh100,000 (T) 1,600m; Winner: Ghallieah, Sebastien Martino, Jean-Claude Pecout
6.30pm: Emirates Colts Classic – Prestige (PA) Dh100,000 (T) 1,600m; Winner: Yas Xmnsor, Saif Al Balushi, Khalifa Al Neyadi
7pm: The President’s Cup – Group 1 (PA) Dh2,500,000 (T) 2,200m; Winner: Somoud, Adrie de Vries, Jean de Roualle
7.30pm: The President’s Cup – Listed (TB) Dh380,000 (T) 1,400m; Winner: Haqeeqy, Dane O’Neill, John Hyde.
David Haye record
Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4
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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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F1 2020 calendar
March 15 - Australia, Melbourne; March 22 - Bahrain, Sakhir; April 5 - Vietnam, Hanoi; April 19 - China, Shanghai; May 3 - Netherlands, Zandvoort; May 20 - Spain, Barcelona; May 24 - Monaco, Monaco; June 7 - Azerbaijan, Baku; June 14 - Canada, Montreal; June 28 - France, Le Castellet; July 5 - Austria, Spielberg; July 19 - Great Britain, Silverstone; August 2 - Hungary, Budapest; August 30 - Belgium, Spa; September 6 - Italy, Monza; September 20 - Singapore, Singapore; September 27 - Russia, Sochi; October 11 - Japan, Suzuka; October 25 - United States, Austin; November 1 - Mexico City, Mexico City; November 15 - Brazil, Sao Paulo; November 29 - Abu Dhabi, Abu Dhabi.
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