Dubai is going to be the hologram entertainment capital of the world, according to the team behind this weekend’s Abdel Halim Hafez concert.
After premiering with a pair of sold-out shows at Dubai Opera earlier this month, the digitalised version of the Egyptian crooner, who died aged 47 in 1977, returns to the Downtown venue with a live orchestra this weekend.
The show not only allows an audience to enjoy Hafez's influential hits again, including Ahwak and Abo Oyoun Garee'a, but it also comes as part of a series planned for the city, featuring holograms of great Arab singers from the past.
The Hafez concert, which will also take place in Egypt later this year, follows one of Umm Kulthum that showed at Dubai Opera in August and has toured the UK.
Bringing these legends back to the limelight are pan-Arab broadcaster MBC and Dubai’s New Dimension Productions (NDP).
NDP was founded in 2010 in Amman, before it relocated to Business Bay to pioneer hologram entertainment across the region.
The company's previous projects include a hologram of Sheikh Zayed, the Founding Father, for 2018's Year of Zayed celebrations, as well as Saudi singer Talal Maddah. A show by Yemeni singer Abu Bakr Salem is next in line.
"I feel that we are only scratching the surface," NDP chief executive Hasan Hina tells The National.
“I believe this is going to be part of the future of entertainment. It's going to help us break boundaries in that we are bringing people from the past with people in the present to create new visions for the future.”
How the hologram was made
It's a lofty vision underscored by a lengthy and laborious process that Hina says is similar to movie and music production.
We are already in discussions with the tourism authorities to position Dubai as the capital of hologram entertainment
With the Hafez hologram, first they had to secure an agreement with the singer's estate and record company, allowing them to use his songs and physical likeness for the show.
“I have to say that his family were absolutely wonderful to deal with," Hina says.
"Through their representative, they helped us a lot with information about Hafez and provided feedback about his accessories like clothing, colours and personal details.
“They gave us more of an insight into his life and demeanour on stage.”
With a team of technicians studying hundreds of hours of concert footage, a casting call was also held in Egypt, Syria and Jordan for a Hafez lookalike to become the model on whom the hologram is based.
The chosen talent, Jordanian Yousef Kallani, then worked with the production team in Dubai to recreate Hafez’s signature mannerisms on stage.
This includes his trademark on-stage posture: erect, eyes wide and glistening, head and shoulders swaying along with the strings section and both palms outstretched to the audience.
Hina says the production process took up to five months, which was three fewer than Kulthum's hologram.
“We managed to cut down the time frame as we developed more tools to help us keep pushing those timelines. But, at the same time, Hafez was much more difficult to create than Umm Kulthum because he interacts more with the audience.
“Umm Kulthum is less interactive because she is in absolute control of the stage and audience. She was a very dominant figure.”
The Hafez Dubai Opera shows run for nearly two hours, featuring 14 songs (vocals are taken from concerts spanning 25 years), but Hina says a bigger repertoire of songs have been recorded to ensure no concert is the same.
More than entertainment
Despite its promising start, it's too early to predict whether or not hologram entertainment will take off across the region.
MBC project manager Imad Salibi, however, believes it's still a worthy investment, as the hunger for nostalgic content in this part of the world remains strong.
“Nostalgia is not some fad or new style in the region," he says. "We were born with the music, understood the value of the songs and the importance of the stage. When we see these new shows it helps to remind us who we are,” he says.
"The only irony of this is that we are using the most advanced technology to bring back the best moments of our past and the golden days we want to see again.”
NDP is intent on rolling back the years, and Hina confirms they have a number of hologram projects in the works, with Dubai as the launchpad.
"We are already in discussions with the tourism authorities to position Dubai as the capital of hologram entertainment,” he says.
"The city will be the base and then it will tour the world from here. This will make Dubai and the UAE an exporter of not only entertainment but the kind of content and culture that will build bridges with others."
The Abdel Halim Hafez First Hologram Concert will take place at Dubai Opera on Thursday and Friday, at 10pm. Tickets from Dh350 at www.dubaiopera.com
Pros%20and%20cons%20of%20BNPL
%3Cp%3E%3Cstrong%3EPros%3C%2Fstrong%3E%0D%3C%2Fp%3E%0A%3Cul%3E%0A%3Cli%3EEasy%20to%20use%20and%20require%20less%20rigorous%20credit%20checks%20than%20traditional%20credit%20options%0D%3C%2Fli%3E%0A%3Cli%3EOffers%20the%20ability%20to%20spread%20the%20cost%20of%20purchases%20over%20time%2C%20often%20interest-free%0D%3C%2Fli%3E%0A%3Cli%3EConvenient%20and%20can%20be%20integrated%20directly%20into%20the%20checkout%20process%2C%20useful%20for%20online%20shopping%0D%3C%2Fli%3E%0A%3Cli%3EHelps%20facilitate%20cash%20flow%20planning%20when%20used%20wisely%0D%3C%2Fli%3E%0A%3C%2Ful%3E%0A%3Cp%3E%3Cstrong%3ECons%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cul%3E%0A%3Cli%3EThe%20ease%20of%20making%20purchases%20can%20lead%20to%20overspending%20and%20accumulation%20of%20debt%0D%3C%2Fli%3E%0A%3Cli%3EMissing%20payments%20can%20result%20in%20hefty%20fees%20and%2C%20in%20some%20cases%2C%20high%20interest%20rates%20after%20an%20initial%20interest-free%20period%0D%3C%2Fli%3E%0A%3Cli%3EFailure%20to%20make%20payments%20can%20impact%20credit%20score%20negatively%0D%3C%2Fli%3E%0A%3Cli%3ERefunds%20can%20be%20complicated%20and%20delayed%0D%3C%2Fli%3E%0A%3C%2Ful%3E%0A%3Cp%3E%3Cem%3ECourtesy%3A%20Carol%20Glynn%3C%2Fem%3E%3C%2Fp%3E%0A
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
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Profile of MoneyFellows
Founder: Ahmed Wadi
Launched: 2016
Employees: 76
Financing stage: Series A ($4 million)
Investors: Partech, Sawari Ventures, 500 Startups, Dubai Angel Investors, Phoenician Fund
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MATCH INFO
Champions League quarter-final, first leg
Ajax v Juventus, Wednesday, 11pm (UAE)
Match on BeIN Sports
Company Profile
Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million
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What is a robo-adviser?
Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.
These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.
Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.
Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.
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.”
Cryopreservation: A timeline
- Keyhole surgery under general anaesthetic
- Ovarian tissue surgically removed
- Tissue processed in a high-tech facility
- Tissue re-implanted at a time of the patient’s choosing
- Full hormone production regained within 4-6 months
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'The Batman'
Stars:Robert Pattinson
Director:Matt Reeves
Rating: 5/5
The specs
Engine: 3.5-litre V6
Power: 272hp at 6,400rpm
Torque: 331Nm from 5,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.7L/100km
On sale: now
Price: Dh149,000