The Hacienda is rebuilt in the UAE



Almost two decades after Factory Communications went out of business, the story of a small, independent record label from northern England remains a rich narrative seam for both music historians and nostalgia-soaked fans.

It is a ripping yarn, an anarchic tale of a post-punk record company that gave the artists it signed complete and unrivalled creative freedom over the material they produced. Beginning in 1978, Factory released a few (the emphasis here is on a few) great records which sold in something approaching significant numbers, despite the label's steadfast refusal to promote or market its own talent.

Somewhere along the line, the imprint also launched its own nightclub, The Haçienda, which first became famous as a hub of great music, then infamous when it was overrun by drug dealers and armed gangsters.

The late Anthony H Wilson, Factory's founder, once summed up his label's enduring appeal by saying "we didn't make money, we made history". And it did, through the recordings of first Joy Division, then New Order and finally, for a brief period, the Happy Mondays, the title of whose Pills, Thrills and Bellyaches album sums up all that was good and bad about the label.

It wasn't just about the music either. Factory defined the aesthetic of Manchester through the slick, expensive artwork that clothed its records, helping to reinvent the decaying, neglected city of its birth as a gleaming, forward-looking metropolis of the present.

Regrettably, it all ended in tears and loathing in 1992 when Factory sank under the weight of huge debts after the recording of albums by both the Happy Mondays and New Order ran spectacularly over budget. The club would stay open for another five years before it fell victim to the same cocktail of mismanagement and crippling financial liabilities.

Nevertheless, the bright lights of the Factory era remain undimmed. Over the intervening period, the story has been retold in a handful of films, countless books, tribute nights and back-catalogue re-releases. Twenty years on, the business surrounding Factory is arguably more productive and profitable than the label ever was.

Indeed, last Friday afternoon in Manchester, Peter Hook, New Order's former bass player turned author, ventured to the city's Trafford Centre shopping mall, to sign copies of the paperback release of his memoir The Haçienda: How Not to Run a Club.

Hook's book opens with the line "what a [expletive deleted] mess we made of it" before detailing at length the fun and folly of losing vast quantities of cash over 15 years as the part-owner of the most famous club in Europe. Game to the last, Hook is now the proprietor of another nightspot based in Factory's old headquarters in Manchester.

Around the same time on a different continent, Andy Williams was journeying from Dubai to Abu Dhabi to DJ at a one-off club night called Reçession - Celebrating the Factory Era at Left Bank in the Souk Qaryat Al Beri.

Williams is a former member of K-Klass, a dance music act who decided to make records after a particularly good night out at The Haçienda many years ago. The outfit enjoyed a moment of fame in the early Nineties, when their single Rhythm is a Mystery became first a club classic, then a proper hit that peaked at number three in the UK charts.

There were other singles and hits, and a couple of albums, before the band concentrated on carving out a successful sideline polishing up other people's work. Appropriately enough, they would later remix two New Order singles - Ruined in a Day and World - from those aforementioned over-budget Factory recordings.

Williams has been resident in Dubai for the past two years, working for an entertainment company as well as occasionally DJing a Haçienda revival night in the emirate. When he came to Abu Dhabi I asked why there was still such an appetite for all things associated with Manchester's moment.

"[Factory] created something unique," he said. "They made mistakes but some of the music that came out of Manchester was incredible - it was one of the most important scenes in the world.

"It was such a change from what had come before. It was like a rebellion, like a new version of punk with a different form of music."

We discussed those heady days when The Haçienda was packed to the rafters every weekend. Did he think it was possible to recreate the feel of that scene on another continent, in another era?

"I played at the club years ago and in some small way we do hope to replicate that time again here," he said.

"At a venue like Left Bank only a handful of people would have gone to The Haçienda first time around and it might be nice for them to appreciate some of the music now - and anyway, it's great to hear the old records again."

Williams' set was full of the feel-good dance anthems that made The Haçienda famous and the night was busy enough to suggest there may be room for a more regular Factory night in the capital.

Oddly, most of those enjoying the sound of nostalgia looked too young to remember what all the fuss was about all those years ago, even if the lavish surroundings of the Left Bank - bedecked for one night only with Reçession's black and yellow Factory-influenced branding - were no match for the industrial playground that was The Haçienda.

The night was made possible by the promoter Darrell Jacques of Decadent, an entertainment and events company based in the capital.

A displaced Mancunian, he told me his family had previously owned a dog called Pippa, who had in turn once belonged to the mother of Lindsay Reade, Anthony Wilson's first wife - another story to add to the long list of yarns associated with Manchester's mythic past. By a quirk of timing, Reade launched her own memoir Mr Manchester and The Factory Girl at Hook's nightclub last week. I can't confirm whether she makes any reference to the curious incident of the dog in the book.

So, why did Jacques want to bring a Haçienda night to Abu Dhabi? "Factory was about nothing else but the music and engaging people, and that's the spirit we want to capture," he told me. "They didn't make any money, but they made great music and they never let anything else cloud their view."

True to that spirit, Reçession was a free-entry event last Friday. The business of turning a profit from Factory will have to wait for a little while in the Emirates, even if the cash registers are forever ringing in Manchester.

Company Profile

Name: HyveGeo
Started: 2023
Founders: Abdulaziz bin Redha, Dr Samsurin Welch, Eva Morales and Dr Harjit Singh
Based: Cambridge and Dubai
Number of employees: 8
Industry: Sustainability & Environment
Funding: $200,000 plus undisclosed grant
Investors: Venture capital and government

SPEC SHEET: SAMSUNG GALAXY Z FLIP5

Display: Main – 6.7" FHD+ Dynamic Amoled 2X, 2640 x 1080, 22:9, 425ppi, HDR10+, up to 120Hz; cover – 3/4" Super Amoled, 720 x 748, 306ppi

Processor: Qualcomm Snapdragon 8 Gen 2, 4nm, octa-core; Adreno 740 GPU

Memory: 8GB

Capacity: 256/512GB

Platform: Android 13, One UI 5.1.1

Main camera: Dual 12MP ultra-wide (f/2.2) + 12MP wide (f/1.8), OIS

Video: 4K@30/60fps, full-HD@60/240fps, HD@960fps

Front camera: 10MP (f/2.2)

Battery: 3700mAh, 25W fast charging, 15W wireless, 4.5W reverse wireless

Connectivity: 5G; Wi-Fi, Bluetooth 5.3, NFC (Samsung Pay)

I/O: USB-C

Cards: Nano-SIM + eSIM; no microSD slot

Colours: Cream, graphite, lavender, mint; Samsung.com exclusives – blue, grey, green, yellow

In the box: Flip 4, USB-C-to-USB-C cable

Price: Dh3,899 / Dh4,349

COMPANY PROFILE

Company name: Revibe
Started: 2022
Founders: Hamza Iraqui and Abdessamad Ben Zakour
Based: UAE
Industry: Refurbished electronics
Funds raised so far: $10m
Investors: Flat6Labs, Resonance and various others

Match info

Uefa Champions League Group C

Liverpool v Napoli, midnight

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. 

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

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Company profile

Name: WallyGPT
Started: 2014
Founders: Saeid and Sami Hejazi
Based: Dubai
Sector: FinTech
Investment raised: $7.1 million
Number of staff: 20
Investment stage: Pre-seed round

The biog

Name: Greg Heinricks

From: Alberta, western Canada

Record fish: 56kg sailfish

Member of: International Game Fish Association

Company: Arabian Divers and Sportfishing Charters

French Touch

Carla Bruni

(Verve)

'My Son'

Director: Christian Carion

Starring: James McAvoy, Claire Foy, Tom Cullen, Gary Lewis

Rating: 2/5

Sarfira

Director: Sudha Kongara Prasad

Starring: Akshay Kumar, Radhika Madan, Paresh Rawal

Rating: 2/5

MATCH INFO

CAF Champions League semi-finals first-leg fixtures

Tuesday:

Primeiro Agosto (ANG) v Esperance (TUN) (8pm UAE)
Al Ahly (EGY) v Entente Setif (ALG) (11PM)

Second legs:

October 23

The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

Another way to earn air miles

In addition to the Emirates and Etihad programmes, there is the Air Miles Middle East card, which offers members the ability to choose any airline, has no black-out dates and no restrictions on seat availability. Air Miles is linked up to HSBC credit cards and can also be earned through retail partners such as Spinneys, Sharaf DG and The Toy Store.

An Emirates Dubai-London round-trip ticket costs 180,000 miles on the Air Miles website. But customers earn these ‘miles’ at a much faster rate than airline miles. Adidas offers two air miles per Dh1 spent. Air Miles has partnerships with websites as well, so booking.com and agoda.com offer three miles per Dh1 spent.

“If you use your HSBC credit card when shopping at our partners, you are able to earn Air Miles twice which will mean you can get that flight reward faster and for less spend,” says Paul Lacey, the managing director for Europe, Middle East and India for Aimia, which owns and operates Air Miles Middle East.

Match info:

Real Betis v Sevilla, 10.45pm (UAE)

What is dialysis?

Dialysis is a way of cleaning your blood when your kidneys fail and can no longer do the job.

It gets rid of your body's wastes, extra salt and water, and helps to control your blood pressure. The main cause of kidney failure is diabetes and hypertension.

There are two kinds of dialysis — haemodialysis and peritoneal.

In haemodialysis, blood is pumped out of your body to an artificial kidney machine that filter your blood and returns it to your body by tubes.

In peritoneal dialysis, the inside lining of your own belly acts as a natural filter. Wastes are taken out by means of a cleansing fluid which is washed in and out of your belly in cycles.

It isn’t an option for everyone but if eligible, can be done at home by the patient or caregiver. This, as opposed to home haemodialysis, is covered by insurance in the UAE.

MATCH INFO

Who: UAE v USA
What: first T20 international
When: Friday, 2pm
Where: ICC Academy in Dubai

Specs: 2024 McLaren Artura Spider

Engine: 3.0-litre twin-turbo V6 and electric motor
Max power: 700hp at 7,500rpm
Max torque: 720Nm at 2,250rpm
Transmission: Eight-speed dual-clutch auto
0-100km/h: 3.0sec
Top speed: 330kph
Price: From Dh1.14 million ($311,000)
On sale: Now

EA Sports FC 24

Developer: EA Vancouver, EA Romania
Publisher: EA Sports
Consoles: Nintendo Switch, PlayStation 4&5, PC and Xbox One
Rating: 3.5/5

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.”

Kill

Director: Nikhil Nagesh Bhat

Starring: Lakshya, Tanya Maniktala, Ashish Vidyarthi, Harsh Chhaya, Raghav Juyal

Rating: 4.5/5

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Founders: Michele Ferrario, Nino Ulsamer and Freddy Lim
Started: established in 2016 and launched in July 2017
Based: Singapore, with offices in the UAE, Malaysia, Hong Kong, Thailand
Sector: FinTech, wealth management
Initial investment: $500,000 in seed round 1 in 2016; $2.2m in seed round 2 in 2017; $5m in series A round in 2018; $12m in series B round in 2019; $16m in series C round in 2020 and $25m in series D round in 2021
Current staff: more than 160 employees
Stage: series D 
Investors: EightRoads Ventures, Square Peg Capital, Sequoia Capital India

ETFs explained

Exhchange traded funds are bought and sold like shares, but operate as index-tracking funds, passively following their chosen indices, such as the S&P 500, FTSE 100 and the FTSE All World, plus a vast range of smaller exchanges and commodities, such as gold, silver, copper sugar, coffee and oil.

ETFs have zero upfront fees and annual charges as low as 0.07 per cent a year, which means you get to keep more of your returns, as actively managed funds can charge as much as 1.5 per cent a year.

There are thousands to choose from, with the five biggest providers BlackRock’s iShares range, Vanguard, State Street Global Advisors SPDR ETFs, Deutsche Bank AWM X-trackers and Invesco PowerShares.

The specs

Engine: 3.8-litre, twin-turbo V8

Transmission: seven-speed automatic

Power: 592bhp

Torque: 620Nm

Price: Dh980,000

On sale: now

UAE finals day

Friday, April 13
Rugby Park, Dubai Sports City

3pm, UAE Conference: Dubai Tigers v Sharjah Wanderers
6.30pm, UAE Premiership: Dubai Exiles v Abu Dhabi Harlequins

A little about CVRL

Founded in 1985 by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, the Central Veterinary Research Laboratory (CVRL) is a government diagnostic centre that provides testing and research facilities to the UAE and neighbouring countries.

One of its main goals is to provide permanent treatment solutions for veterinary related diseases. 

The taxidermy centre was established 12 years ago and is headed by Dr Ulrich Wernery. 

COMPANY PROFILE

Name: SmartCrowd
Started: 2018
Founder: Siddiq Farid and Musfique Ahmed
Based: Dubai
Sector: FinTech / PropTech
Initial investment: $650,000
Current number of staff: 35
Investment stage: Series A
Investors: Various institutional investors and notable angel investors (500 MENA, Shurooq, Mada, Seedstar, Tricap)

ROUTE TO TITLE

Round 1: Beat Leolia Jeanjean 6-1, 6-2
Round 2: Beat Naomi Osaka 7-6, 1-6, 7-5
Round 3: Beat Marie Bouzkova 6-4, 6-2
Round 4: Beat Anastasia Potapova 6-0, 6-0
Quarter-final: Beat Marketa Vondrousova 6-0, 6-2
Semi-final: Beat Coco Gauff 6-2, 6-4
Final: Beat Jasmine Paolini 6-2, 6-2

MATCH INFO

Uefa Champions League final:

Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports

Abaya trends

The utilitarian robe held dear by Arab women is undergoing a change that reveals it as an elegant and graceful garment available in a range of colours and fabrics, while retaining its traditional appeal.