Mika promised a special tribute for Beirut this weekend and he delivered.
The British-Lebanese pop star produced and headlined a star-studded online concert filled with emotion and jubilation.
Available on Mika's YouTube channel, I Love Beirut is more than a traditional concert film. It blends music-video aesthetics and documentary journalism to produce a soulful love letter to the city of his birth.
Joining him from around the world – Beirut, London, Rome and Los Angeles – were nearly a dozen singers including Kylie Minogue, Rufus Wainwright and Lebanese artists such as poet Etel Adnan and indie group Mashrou’ Leila.
With slick production, local and international settings and Mika – the consummate performer and host – I Love Beirut is a stirring tribute to a resilient city picking itself up from the wreckage.
Here are five takeaways from the event:
1. It grabs the heart from the start
Mika has often spoken about his affection for Beirut, but he has never described that relationship as eloquently as in the tear-jerking opening monologue for the programme.
My irrepressible Beirut. Your flame has never been extinguished; it flickers on
Over images of the city’s extensive destruction, including the shattered windows and scarred walls of the Gemmayzeh and Achrafieh neighbourhoods, Mika details what the city means to him.
“Your beauty and strength cradled me as an infant and has stayed with me ever since,” he says. “You have come with me everywhere and tonight it is my turn to come to you.”
Mika goes on to explain the devastation of the August 4 port blast, with “windows, walls and lives, all blown out”, before stating that “a new dawn has arrived with Beirut ready to bounce back”.
“My irrepressible Beirut. Your flame has never been extinguished, it flickers on,” he says. “You witnessed my birth under the falling bombs in 1983 but I have never forgotten that I was also born of your grandeur. My beautiful Beirut, you are not alone.”
2. The hits
After the monologue, the action moves to the Teatro Niccolini San Casciano in Florence, Italy, where Mika and a four-piece band (all practicing social distancing) launch into the euphoric opener Origin of Love.
While Mika brought all his hits, including Grace Kelly and Relax, Take It Easy, you can tell the songs were curated to send a message of joy and optimism.
Then again, Mika does not really have to try too hard to make an audience smile: his white shirt resembling an art smock and his disco dance moves will have you grinning in no time.
3. A concert packed with special guests
Mika's list of contacts is as high-powered as it is eclectic. The guest list for I Love Beirut is a reflection of the city's rich music and cultural scene and influence. Interspersed between Mika's effervescent pop is a broody take of Agnus Dei by the brilliant singer-songwriter Wainwright and a rare stripped-down performance by Minogue.
Joined by a pianist from a London studio, the disco queen turns into a torch singer with a lovely version of new single Say Something.
After a haunting Tra Te E Il Mare by Italian singer Laura Pausini, shot inside an eerily empty Colosseum, Mexican-Lebanese actress Salma Hayek joins from home to read a snippet from Khalil Gibran's poem On Beauty.
She prefaces the reading by stating that “one of the things that makes me most proud about my Lebanese heritage is the beauty of the spirit of the Lebanese people”.
The most powerful musical moment is when Mika is joined by indie band Mashrou' Leila, who filmed their part amid the wreckage of Beirut, performing Promise Land.
A pulsating plea for tolerance, the track is a reminder that many of those devastated by the blast come from disenfranchised and discriminated communities.
4. Tales of kindness
What elevates I Love Beirut above the traditional benefit concert is the inclusion of actual survivors. The musical action is occasionally interspersed with searing interviews with families as they detail their own ongoing journeys of recovery.
The stories are full of resilience and the kindness that is a trademark of the Lebanese people. Michelle Homsy, 24, whose apartment directly faced the Beirut port recalls a man on a scooter who found her bleeding on the side of the road before taking her to a nearby hospital.
“I think his scooter was white. I don’t know what his name was. I know absolutely nothing about him, just some flashes come back. I know he wore a white T-shirt because I did not want to dirty it with my blood,” she says.
“I think this man is my guarding angel ... he is my lucky star. I thank him deeply and I really wish him all the best because that man, [who] I know nothing about, changed my life and that of my family.”
I Love Beirut is full of such inspiring stories.
5. A great reception
The ultimate aim of I Love Beirut is to raise recovery funds, and hours after it first aired to European, North and South American audiences, the show is already a leading Twitter hashtag.
Social media is full of praise for the warmth and humanity of the production. Here are some of the reactions below.
Abu Dhabi Sustainability Week
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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.”
Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
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