Kate Bush has been a major influence on many contemporary female musicians, most notably Joanna Newsom (above).
Kate Bush has been a major influence on many contemporary female musicians, most notably Joanna Newsom (above).

Telling the whole story



It is hard to believe, but some musical anniversaries really are more than opportunities for beleaguered record companies to flog us their product. One such is that of the release, 25 years ago next month, of Kate Bush's Hounds of Love, an album widely regarded as one of the most important of the 1980s and whose influence is still heard today. Its vinyl-happy structure - commercial tracks bundled together on side one; proggy "song cycle" on side two - betrays its age, but otherwise this marriage of modernist pop sheen and ethereal folk strangeness sounds as if it could have been made yesterday.

The first taste of it was the single Running up that Hill, released in August 1985 and premiered on the British television show Wogan just days after Bush had featured in a sarcastic NME article headlined "Where are they now?". (Answer: she disappeared from public view after the underperformance of her 1982 album, The Dreaming and holed up in the Kent countryside, plotting her next move.) A hit even in America, which had thus far resisted Bush's charms, Running up that Hill is probably her second-best-known song after Wuthering Heights and something of a gauntlet thrown down to other musicians: Coldplay admitted that their 2005 hit Speed of Sound had its roots in an attempt to replicate the delicate martial patter of its tom-toms.

That no plans are afoot to reissue Hounds of Love suggests that the reclusive, fastidious singer-songwriter does not want its 25th anniversary celebrated: famously business-savvy, Bush rather than her label EMI owns the rights to her recordings. That said, the past few months have felt unusually busy by the standards of Bushworld, where things generally move at a glacial pace. First, Bush, who turned 52 last month, broke cover to pen a fulsome tribute to her old friend and collaborator Peter Gabriel as part of a feature for Mojo magazine. Then there was a rare message from her on her website - another tribute, this time to Bob Mercer, the former managing director of EMI who had signed her as a 16-year-old on the recommendation of Pink Floyd's Dave Gilmour. Mercer died of lung cancer on May 5. "It's thanks to Bob that I've been able to spend my life making music," she wrote. "He was like family to me."

Next, it was announced that Bush's most recent album, Aerial, would finally be available on iTunes, a mere five years after its release. Apparently, Bush was unhappy with the idea that the songs on the second CD could be downloaded independently of each other when she wanted them to be listened to in sequence as a unified suite. A Sky of Honey now runs as a single, 42-minute track. The other big event has been the publication of Graeme Thomson's sensitive, empathetic and exceptionally well-researched biography of the singer, Under the Ivy. Notoriously private, Bush has kept an even lower profile since the birth of her son Bertie in 1998. She did the bare minimum of promotion for Aerial, restricting herself to a handful of press and radio interviews. Her last public appearance was at the 2001 Q Awards.

Thomson expected Bush to be a hard nut to crack. But he wrote to her out of courtesy before starting work to declare his intentions and invite her participation. "I was always aware that it was highly unlikely that she or any members of her family or closest friends would contribute," he says, "but I didn't see this as a huge hindrance. The book I wanted to write was principally focused on my critical analysis of her work filtered through an understanding of her instincts as an artist and where they came from."

For proof that Thomson's interest in Bush wasn't trivial or gossipy, potential subjects needed to look no further than his previous books on Elvis Costello and Willie Nelson. And while Thomson was clearly obliged to rely on secondary sources for his account of Bush's secure, middle-class childhood in south-east London, the impressive roster of musicians, studio personnel and industry figures who agreed to talk to him speaks for itself.

Not only did he get to Bob Mercer before he died, he also scored first-rate insights from, among others, the Killing Joke bassist Youth (who played on Hounds of Love), the photographer Gered Mankovitz (responsible for a famous early portrait), producer Nick Launay and the folk supremo Joe Boyd. Thomson explains: "Some checked in with Kate and came back happy to talk; others checked in, then declined. Some others were no longer in regular or even sporadic contact with her - again, some of those came on board, some didn't. When you're intersecting with 40 years' worth of personal and professional relationships, you're negotiating all sorts of factors.

"I'm a great believer in the value of the fleeting glance. For instance, I got in touch with Geoff Emerick, the Beatles' engineer who in 1975 worked on Bush's demo of The Man with the Child in his Eyes. He hadn't worked with her before and hasn't since, but his memories of watching this prodigy begin to bloom were vivid and touching." Hounds of Love represents Bush's commercial and creative peak. Thomson is great on this mid-1980s period, when her success brought her perilously close to membership of what he calls the Phil Collins/Dire Straits/Sting "axis of orthodoxy"; but he's also good on the early 1990s, when a series of personal and professional "bumps in the road", particularly the death of her mother and the end of her long-term relationship with her bassist, Del Palmer, affected her songwriting badly. "I always think of her as airborne, a kind of elemental force," says Thomson, "and on [her 1993 album] The Red Shoes she sounds grounded."

In a sense, Bush's massive early success with her first single, Wuthering Heights, was as problematic as it was welcome. It fixed her for ever in the public consciousness as a squeaky-voiced, wide-eyed banshee when the truth, as anyone knows who's followed her career from the sonic experimentation of The Dreaming to the lush, jazzy textures of Aerial, is infinitely more complicated. Of all the myths that circulate about her, which did Thomson find to be true?

"They're all pretty flimsily constructed tabloid caricatures, pivoting around this idea that she's a mad-as-a-mongoose hermit. I didn't believe that going into the project and I certainly didn't believe it when I'd finished. In the end, she emerged much as I thought she might: deceptively strong, kind, generally beloved, genuinely indifferent about fame and adulation, and someone whose sense of creativity is absolutely innate. She's certainly eccentric, but it breeds the kind of blindness to convention that helps make her so great."

Lumping female singer-songwriters together is an idiot's game. Still, Bush's influence has never been greater or more easily detectable. It's there in Bat For Lashes, Florence + the Machine, Laura Marling, Goldfrapp and, especially, the critics' darling Joanna Newsom. By all accounts, Bush is working on new material - the veteran double-bassist Danny Thompson unwittingly disclosed his involvement in a radio interview last December - but as Thomson explains: "She now exists in a creative continuum, working whenever she feels like it, with no set time limit or even any particular sense that she's making anything as defined as a 'new album'."

In other words, don't hold your breath.

COMPANY PROFILE

Company name: Klipit

Started: 2022

Founders: Venkat Reddy, Mohammed Al Bulooki, Bilal Merchant, Asif Ahmed, Ovais Merchant

Based: Dubai, UAE

Industry: Digital receipts, finance, blockchain

Funding: $4 million

Investors: Privately/self-funded

Ain Dubai in numbers

126: The length in metres of the legs supporting the structure

1 football pitch: The length of each permanent spoke is longer than a professional soccer pitch

16 A380 Airbuses: The equivalent weight of the wheel rim.

9,000 tonnes: The amount of steel used to construct the project.

5 tonnes: The weight of each permanent spoke that is holding the wheel rim in place

192: The amount of cable wires used to create the wheel. They measure a distance of 2,4000km in total, the equivalent of the distance between Dubai and Cairo.

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.”

PSA DUBAI WORLD SERIES FINALS LINE-UP

Men’s: 
Mohamed El Shorbagy (EGY)
Ali Farag (EGY)
Simon Rosner (GER)
Tarek Momen (EGY)
Miguel Angel Rodriguez (COL)
Gregory Gaultier (FRA)
Karim Abdel Gawad (EGY)
Nick Matthew (ENG)

Women's: 
Nour El Sherbini (EGY)
Raneem El Welily (EGY)
Nour El Tayeb (EGY)
Laura Massaro (ENG)
Joelle King (NZE)
Camille Serme (FRA)
Nouran Gohar (EGY)
Sarah-Jane Perry (ENG)

RESULTS

5pm Wathba Stallions Cup Maiden (PA) Dh70,000 (Dirt) 1,400m

Winner Munfared, Fernando Jara (jockey), Ahmed Al Mehairbi (trainer)

5.30pm Handicap (PA) Dh70,000 (D) 1,600m

Winner Sawt Assalam, Szczepan Mazur, Ibrahim Al Hadhrami

6pm Maiden (PA) Dh70,000 (D) 1,800m

Winner Dergham Athbah, Pat Dobbs, Mohamed Daggash

6.30pm Handicap (PA) Dh70,000 (D) 1,800m

Winner Rajee, Fernando Jara, Majed Al Jahouri

7pm Conditions (PA) Dh80,000 (D) 1,800m

Winner Kerless Del Roc, Fernando Jara, Ahmed Al Mehairbi

7.30pm Handicap (TB) Dh70,000 (D) 2,000m

Winner Pharoah King, Pat Dobbs, Doug Watson

8pm Conditions (PA) Dh85,000 (D) 2,000m

Winner Sauternes Al Maury, Dane O’Neill, Doug Watson

COMPANY PROFILE

Name: Haltia.ai
Started: 2023
Co-founders: Arto Bendiken and Talal Thabet
Based: Dubai, UAE
Industry: AI
Number of employees: 41
Funding: About $1.7 million
Investors: Self, family and friends

A QUIET PLACE

Starring: Lupita Nyong'o, Joseph Quinn, Djimon Hounsou

Director: Michael Sarnoski

Rating: 4/5

COMPANY PROFILE

Company name: Dresos

Started: September 2020

Founders: Vladimir Radojevic and Aleksandar Jankovic

Based: Dubai, UAE

Industry: Fashion

Funding: $285,000; $500,000 currently being raised

Investors: Crowdfunding, family, friends and self-funding

Ticket prices

General admission Dh295 (under-three free)

Buy a four-person Family & Friends ticket and pay for only three tickets, so the fourth family member is free

Buy tickets at: wbworldabudhabi.com/en/tickets

Four motivational quotes from Alicia's Dubai talk

“The only thing we need is to know that we have faith. Faith and hope in our own dreams. The belief that, when we keep going we’re going to find our way. That’s all we got.”

“Sometimes we try so hard to keep things inside. We try so hard to pretend it’s not really bothering us. In some ways, that hurts us more. You don’t realise how dishonest you are with yourself sometimes, but I realised that if I spoke it, I could let it go.”

“One good thing is to know you’re not the only one going through it. You’re not the only one trying to find your way, trying to find yourself, trying to find amazing energy, trying to find a light. Show all of yourself. Show every nuance. All of your magic. All of your colours. Be true to that. You can be unafraid.”

“It’s time to stop holding back. It’s time to do it on your terms. It’s time to shine in the most unbelievable way. It’s time to let go of negativity and find your tribe, find those people that lift you up, because everybody else is just in your way.”