The world’s largest classical musical festival is coming to the UAE. The BBC Proms will host six concerts over four days at Dubai Opera in March 2017.
Based primarily at London’s Royal Albert Hall, it marks just the second time the United Kingdom’s premier classical music series has hosted events abroad in its 112-year history, following last year’s BBC Proms Australia.
Taking place from March 21-24, the inaugural BBC Proms Dubai will welcome the BBC Symphony Orchestra and BBC Singers to the UAE for the first time, to perform a programme littered with classics and regional premieres alike.
Dubai Opera’s chief executive Jasper Hope arrived in the UAE straight from seven years helming the Albert Hall — and has clearly put his contact book to good use.
Established as a national landmark, every year the BBC Proms reaches an audience of more than 300,000 people through eight weeks of concerts, held across London and beyond. In a nod to tradition and a bid to boost inclusivity, at Dubai Opera nearly 600 standing — or “promming” — tickets will be on sale for each concert, priced at just Dh50.
And the UAE will send something home to the source, with the BBC Proms Dubai concerts to be recorded for broadcast on BBC Radio 3.
“The BBC Proms is a magical festival which I know extremely well from my time at the Royal Albert Hall,” says Hope. “I’m thrilled that for the first time ever, residents of and visitors to Dubai will be able to enjoy a taste of the world’s greatest classical music festival right here at Dubai Opera.”
The four-day project will mix the core classical repertoire with new music, showcasing works by Emirati-American composer Mohammed Fairouz, Dubai-based British composer Joanna Marsh and Australian-Egyptian composer Joseph Tawadros.
The performance of Fairouz’s tone-poem Pax Universalis will mark the first time a major orchestral work has been presented the composer’s hometown.
“Having written works over the last decade for many major institutions throughout the world, it is deeply gratifying to me on a personal level to see the establishment, growth and quick success of Dubai Opera,” he says.
Proms favourites conductor Edward Gardner and pianist Benjamin Grosvenor will take the spotlight, while James Burton leads the BBC Singers in two a cappella programmes.
The run will close with the traditional Last Night of the Proms spectacle, featuring crowd-pleasing favourites such as Henry Wood's Fantasia on British Sea-Songs, Thomas Arne's Rule, Britannia! and Edward Elgar's Pomp and Circumstance March No. 1.
Next year has also been announced as the UK/UAE 2017 Year of Cultural Collaboration, led by the British Council, and in the spirit of cooperation a learning programme of workshops, masterclasses and open rehearsals will also take place during the four days. This includes a workshop for the Arabian Youth Orchestra with players from the BBC Symphony Orchestra, workshops for local adult and children’s choirs with the BBC Singers and a masterclass for chamber musicians at the Centre for Musical Arts in Dubai.
BBC Proms director David Pickard added: “Through this series of concerts and learning events we hope to give the audience an idea of what the Proms are all about, making classical music accessible through quality music-making, outreach work, affordable ticket prices and broadcasts”.
Tickets will be available from Thursday November 3 from www.dubaiopera.com
rgarratt@thenational.ae
At a glance
Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.
Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year
Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month
Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30
Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse
Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth
Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances
RESULTS
Bantamweight
Victor Nunes (BRA) beat Siyovush Gulmamadov (TJK)
(Split decision)
Featherweight
Hussein Salim (IRQ) beat Shakhriyor Juraev (UZB)
(Round 1 submission, armbar)
Catchweight 80kg
Rashed Dawood (UAE) beat Otabek Kadirov (UZB)
(Round-1 submission, rear naked choke)
Lightweight
Ho Taek-oh (KOR) beat Ronald Girones (CUB)
(Round 3 submission, triangle choke)
Lightweight
Arthur Zaynukov (RUS) beat Damien Lapilus (FRA)
(Unanimous points)
Bantamweight
Vinicius de Oliveira (BRA) beat Furkatbek Yokubov (RUS)
(Round 1 TKO)
Featherweight
Movlid Khaybulaev (RUS) v Zaka Fatullazade (AZE)
(Round 1 rear naked choke)
Flyweight
Shannon Ross (TUR) beat Donovon Freelow (USA)
(Unanimous decision)
Lightweight
Dan Collins (GBR) beat Mohammad Yahya (UAE)
(Round 2 submission D’arce choke)
Catchweight 73kg
Martun Mezhulmyan (ARM) beat Islam Mamedov (RUS)
(Round 3 submission, kneebar)
Bantamweight world title
Xavier Alaoui (MAR) beat Jaures Dea (CAM)
(Unanimous points 48-46, 49-45, 49-45)
Flyweight world title
Manon Fiorot (FRA) v Gabriela Campo (ARG)
(Round 1 RSC)
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Details
Through Her Lens: The stories behind the photography of Eva Sereny
Forewords by Jacqueline Bisset and Charlotte Rampling, ACC Art Books
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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.”