Is there a possibility the Rolling Stones could announce a surprise Abu Dhabi warm up concert? AP
Is there a possibility the Rolling Stones could announce a surprise Abu Dhabi warm up concert? AP

Rolling Stones play surprise warm-up gig ahead of Paris show



The Rolling Stones performed an energetic warm-up gig in Paris on Thursday for a few hundred fans after announcing on Twitter that tickets would go on sale for 15 euros (Dh75.45) just hours in advance.

“I can’t believe we’re all still standing up, you’d think by now one or two of us would be sitting down, but we’re not,” lead singer Mick Jagger, 69, told fans at the Trabendo, a 700-capacity venue in northern Paris, during the 75 minute surprise show.

Fans said the small space created an optimal setting for the show which kicked off with Route 66 and ended with Brown Sugar.

“We were right next to them, we could see them perfectly,” said one French fan who gave his name as Gianni. “It was a very small room and they were running all over the stage...they seemed really happy.”

Some got an additional perk after the show, as Jagger signed autographs before being whisked away in a black Mercedes sedan.

Earlier this month, the band announced they would perform four concerts at large arenas - two in London and two near New York - to celebrate their 50th anniversary. Their last world tour ended in 2007.

But fans have complained about high ticket prices, which range from 95 pounds ($150) to as much as 950 pounds for a “VIP hospitality” seat. Tickets have been offered online for several thousands pounds each, British media has reported.

The Paris music scene has been awash with rumours that the Stones will also play to bankers invited by Paris-based investment house Carmignac Gestion at a theatre in the heart of Paris on Monday.

In recent years, Carmignac has recruited former Velvet Underground frontman Lou Reed and British rocker Rod Stewart to play similar gigs, usually to an exclusive audience.

Carmignac sent out mystery invitations giving the date and location of what it called “the biggest secret event of the year” without identifying the performer. The investment house has declined to comment.

On Thursday, the band banned mobile phones, cameras, video equipment and recording devices from those going into the gig.

Some fans drove to Paris from as far away as Germany.

Sebastian Baaske said he set off in his car from Hanover, Germany on Wednesday afternoon in hopes of securing a ticket.

“My girlfriend said I’d regret it if I didn’t... It’s all worth it,” the 35-year-old Baaske said.

The Rolling Stones will play the O2 Arena in the British capital on November 25 and 29 before crossing the Atlantic to perform at the Prudential Center, Newark, on December 13 and 15.

Europe’s rearming plan
  • Suspend strict budget rules to allow member countries to step up defence spending
  • Create new "instrument" providing €150 billion of loans to member countries for defence investment
  • Use the existing EU budget to direct more funds towards defence-related investment
  • Engage the bloc's European Investment Bank to drop limits on lending to defence firms
  • Create a savings and investments union to help companies access capital
COMPANY%20PROFILE
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The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

Our family matters legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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.”

The specs
Engine: 4.0-litre flat-six
Power: 510hp at 9,000rpm
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Price: From Dh801,800
Women’s World T20, Asia Qualifier, in Bangkok

UAE fixtures Mon Nov 20, v China; Tue Nov 21, v Thailand; Thu Nov 23, v Nepal; Fri Nov 24, v Hong Kong; Sun Nov 26, v Malaysia; Mon Nov 27, Final

(The winners will progress to the Global Qualifier)

Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
SERIE A FIXTURES

Saturday Spezia v Lazio (6pm), Juventus v Torino (9pm), Inter Milan v Bologna (7.45pm)

Sunday Verona v Cagliari (3.30pm), Parma v Benevento, AS Roma v Sassuolo, Udinese v Atalanta (all 6pm), Crotone v Napoli (9pm), Sampdoria v AC Milan (11.45pm)

Monday Fiorentina v Genoa (11.45pm)

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How it works

A $10 hand-powered LED light and battery bank

Device is operated by hand cranking it at any time during the day or night 

The charge is stored inside a battery

The ratio is that for every minute you crank, it provides 10 minutes light on the brightest mode

A full hand wound charge is of 16.5minutes 

This gives 1.1 hours of light on high mode or 2.5 hours of light on low mode

When more light is needed, it can be recharged by winding again

The larger version costs between $18-20 and generates more than 15 hours of light with a 45-minute charge

No limit on how many times you can charge

 

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

THE%20JERSEYS
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