Ask anyone to name a one-hit wonder and they will likely pipe up with Right Said Fred's I'm too Sexy, or Chesney Hawkes' The One and Only. Ha, they will say, whatever happened to them?
As long as there are hits, there will be one-hit wonders - the kind of act whose music is all over the radio one minute, but who has sunk without trace the next, leaving behind only a faint echo. Take, for example, the British band Toploader, who are in the UAE this week for two gigs, one tonight in Abu Dhabi and another tomorrow in Dubai. Their debut hit, Dancing in the Moonlight was, for many, the soundtrack to their Y2K summer (ironically its original version, by the American band King Harvest, was also a one-hit wonder). It was jaunty and upbeat and just what people needed to assure themselves that all was still well; the millennium hadn't wreaked worldwide software havoc after all.
"Everybody's feeling warm and bright," yarped lead singer Joe Washbourn. But then, just as quickly as they had appeared, they vanished. A six-album deal with Sony couldn't prevent them from splitting in 2003 following the release of their second album, Magic Hotel.
In fact, Toploader is in esteemed company. One-hit wonders are so good, you see, that it is almost impossible to follow up with anything that compares.
In the US and UK, the term one-hit wonder has different definitions. Stateside, it refers to a song that has featured in the top 40 positions of the Billboard Hot 100 once, while in the UK, it is used to describe a singer or band that has had one hit in the top 75 of the UK Singles Chart. On that basis, the net is spread awfully wide. Hence, the term has come to be applied to anyone who has had a big hit single but done nothing remotely as successful since. This can actually make the title rather controversial; one person's one-hit wonder is another person's niche act with one mainstream hit.
But there will always be those to whom the label sticks. Every decade has its share: in the 1970s, there was Anita Ward's Ring My Bell (1978) and Amii Stewart's Knock on Wood (1979). The 1980s, not surprisingly, are littered with them, starting with the German singer Nena's 99 Red Balloons, through to Falco's Rock Me Amadeus (1986) and Climie Fisher's Love Changes Everything (1988).
It's a similar story with the 1990s, from Chesney's The One and Only (1991) to Deep Blue Something's Breakfast at Tiffany's (1995) and the New Radicals' You Get What You Give (1998). And, of course, who can forget Los del Río's Macarena (1995) and Whigfield's Saturday Night (1994).
The noughties had their fair share, too: consider, for example, The Baha Men's Who Let The Dogs Out (2000), Since I Left You by The Avalanches (2000) and of course Tatu's All The Things She Said (2002). Daniel Powter never did much after Bad Day (2006). And neither did Michael Andrews, whose misery-fest Mad World made Christmas No 1 in the UK in 2003.
Referring to someone as a one-hit wonder often elicits a derisory sneer. Yet the label can bestow on its recipient an almost mythical status: we never needed to see Vanilla Ice shed his tracksuit, team up with MC Hammer and try his hand at rock. And we were spared more of Limahl's vocal dexterity after he disappeared into the mists of time following his maddeningly catchy 'Never Ending Story' (1984), from the hugely successful film of the same name. These acts are forever preserved, like fossils, in the moment of their greatest popularity. And there are worse ways than that to be remembered.
Toploader plays at the Crowne Plaza, Yas Island, tonight (doors open 7pm) and tomorrow night at Alpha Club, Le Meridien, Dubai (doors open 7pm).
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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.”
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
UAE currency: the story behind the money in your pockets
The Perfect Couple
Starring: Nicole Kidman, Liev Schreiber, Jack Reynor
Creator: Jenna Lamia
Rating: 3/5
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
Who has lived at The Bishops Avenue?
- George Sainsbury of the supermarket dynasty, sugar magnate William Park Lyle and actress Dame Gracie Fields were residents in the 1930s when the street was only known as ‘Millionaires’ Row’.
- Then came the international super rich, including the last king of Greece, Constantine II, the Sultan of Brunei and Indian steel magnate Lakshmi Mittal who was at one point ranked the third richest person in the world.
- Turkish tycoon Halis Torprak sold his mansion for £50m in 2008 after spending just two days there. The House of Saud sold 10 properties on the road in 2013 for almost £80m.
- Other residents have included Iraqi businessman Nemir Kirdar, singer Ariana Grande, holiday camp impresario Sir Billy Butlin, businessman Asil Nadir, Paul McCartney’s former wife Heather Mills.
Hunting park to luxury living
- Land was originally the Bishop of London's hunting park, hence the name
- The road was laid out in the mid 19th Century, meandering through woodland and farmland
- Its earliest houses at the turn of the 20th Century were substantial detached properties with extensive grounds
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Brief scores:
Day 2
England: 277 & 19-0
West Indies: 154
Coal Black Mornings
Brett Anderson
Little Brown Book Group