You know you are doing well as a band when middle-aged couples are dancing along with cool young hipsters at your gigs.
But then again, the flamboyant pop group Scissor Sisters had already been pushing musical boundaries and cross-age barriers ever since emerging out of the New York scene in 2004, with their popular and highly derisive cover of Pink Floyd's Comfortably Numb.
Hailed by the press for their pop songwriting nous, mixing disparate elements from cutting-edge electro-clash and disco to the cheesiness of Frankie Goes to Hollywood, the five-piece - led by the uber-excited frontman Jake Shears and his coolly seductive sidekick Ana Matronic - found themselves suddenly rubbing shoulders with the likes of Elton John and Kylie Minogue, who both lined up to collaborate and perhaps hope to catch some of the group's pop fairy-dust.
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All of that is OK with Shears, but to be playing in a place as culturally remote as Abu Dhabi tomorrow night is something he never considered.
"Then again, there were a lot of things I never imagined," he says. "The other day I found a photo on the net of a man who had all of our faces tattooed on his back. Someone asked us: 'How does it feel to have someone tattoo our faces on their back without knowing who they are?' Yes, there a lot of surprises but when we started this band we had no expectations. We keep that mindset so that way everything is crazy."
Last week, the group set Twitter alight by launching their latest single Shady Love. Those expecting another sweet pop dose such as I Don't Feel Like Dancin' are in for a shock. The single, the first of the group's fourth album to be released later this year, retains none of the melodic swagger that was seemingly their stock-in-trade. For one thing, Shears ditches his signature falsetto in favour of rapping about a girl he met, "who gon' vote for Obama and she likes to dance to Madonna", over a monstrous beat provided by Alex "Boyz Noise" Ridha and guest vocals by his fellow New York hip-hop artist Azealia Banks.
Those fans who will dump their Elton John glasses in despair prove they only had a passing interest in the group.
While Shady Love is markedly different from previous offerings, it is still undoubtedly a Scissor Sisters track, courtesy of the sheer sass displayed in the lyrics as well as the musical nods to the likes of Abba and Erasure.
Shady Love also shows the group are not finished exploring the electro-tinged territory of their underrated previous album Night Work, arguably their most dance heavy collection yet.
Shears says the overwhelmingly positive response to Shady Love by fans and the press reminds him of the attention the group received in the earlier "crazy days".
He explains the song's eclectic twist is a natural result of the group's relentless work ethic that saw them release three albums back to back.
"We never really took a break as a band over the years. We went non-stop for the past 10 years. We are lucky because we love what we do, but you can never really rest on your laurels or hope and expect that people will not stop caring," he says.
"We like to keep things organic and we are always changing. We are inspired by all these bands we meet, so the change is conscious and unconscious at the same time. We never wanted to make the same record over and over again, but to make a song like Shady Love and genuinely surprise audiences is great, it's like pulling off a magic trick." But changing perceptions of the band's success has been a harder trick to pull off. With the group first tasting success in Europe and particularly the UK, they were criticised by some sections of the American press for focusing their efforts abroad instead of home - something that still clearly rankles with Shears.
"This US thing became this weird self-fulfilling prophecy," he sighs.
"I remember the New York Times wrote this stupid piece - this little blurb of about 200 words - and its title was 'Hot Over There, Cold Over Here' and it was frustrating as we didn't have time to work in the US yet. It was really unfair. And literally ever since then, that has been a constant question and issue. But the crazy thing is the US has been our most consistent territory, with each album every time appearing at number 17 on the charts - it's very strange, but I am, of course, thankful." With Scissor Sisters recently coming off from a recent tour with Lady Gaga, Shears says 2012 will be another intense year on the road.
Heavy on colour and audience participation, Sheers says it is on stage where the group are at their most natural and visceral. On whether the band would tone down some of the racier antics of their live show, Shears remains coy.
"Well, I don't know what will come out of my mouth," he chuckles.
"But we are old-school entertainers. We are passionate, we put a lot of energy into it and every show is important to us. We are not a lazy band, that's for sure."
Ms Dynamite gives support
With the exception of the Shakira and Amr Diab performance last April, most Yas Island Show Weekends rarely feature high-profile supporting acts.
However, the inclusion of Ms Dynamite on the Scissor Sisters bill is hopefully a sign this will change.
The Brit Award-winning rapper is on the comeback trail after taking five years off to focus on motherhood and television projects.
Last year she returned to the UK top 10 on the back of her critically acclaimed guest appearance on Katy B’s Lights On and Neva Soft, her first solo single since 2005’s Fall in Love Again.
Born in north London to a Jamaican father and Scottish mother, Dynamite’s interest in hip-hop and reggae led to her involvement in the UK garage scene where she first made waves on the underground track Booo!
After a spell working with So Solid Crew she released her debut album, 2002’s A Little Deeper, which scoped the prestigious Mercury Prize.
In 2005 she released the anticipated follow-up, Judgment Days, which was heavy on social and political commentary.
While debuting at number five on the UK charts, the album failed to connect as widely and after a 2006 incident where her involvement in a London brawl led to a court sentence of 60 hours’ community work, she has dropped off the radar only to emerge recently.
Here’s hoping she will bring her trademark energy to the Flash Forum tomorrow night and drop in a few new songs as well.
Scissor Sisters plays at Flash Forum, Yas Island, Abu Dhabi tomorrow at 9pm. Tickets start at Dh295 from www.thinkflash.ae
sasaeed@thenational.ae
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.”
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
MATCH INFO
Euro 2020 qualifier
Croatia v Hungary, Thursday, 10.45pm, UAE
TV: Match on BeIN Sports
The%20specs
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Company%20profile
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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
The Melbourne Mercer Global Pension Index
The Melbourne Mercer Global Pension Index
Mazen Abukhater, principal and actuary at global consultancy Mercer, Middle East, says the company’s Melbourne Mercer Global Pension Index - which benchmarks 34 pension schemes across the globe to assess their adequacy, sustainability and integrity - included Saudi Arabia for the first time this year to offer a glimpse into the region.
The index highlighted fundamental issues for all 34 countries, such as a rapid ageing population and a low growth / low interest environment putting pressure on expected returns. It also highlighted the increasing popularity around the world of defined contribution schemes.
“Average life expectancy has been increasing by about three years every 10 years. Someone born in 1947 is expected to live until 85 whereas someone born in 2007 is expected to live to 103,” Mr Abukhater told the Mena Pensions Conference.
“Are our systems equipped to handle these kind of life expectancies in the future? If so many people retire at 60, they are going to be in retirement for 43 years – so we need to adapt our retirement age to our changing life expectancy.”
Saudi Arabia came in the middle of Mercer’s ranking with a score of 58.9. The report said the country's index could be raised by improving the minimum level of support for the poorest aged individuals and increasing the labour force participation rate at older ages as life expectancies rise.
Mr Abukhater said the challenges of an ageing population, increased life expectancy and some individuals relying solely on their government for financial support in their retirement years will put the system under strain.
“To relieve that pressure, governments need to consider whether it is time to switch to a defined contribution scheme so that individuals can supplement their own future with the help of government support,” he said.
match info
Southampton 2 (Ings 32' & pen 89') Tottenham Hotspur 5 (Son 45', 47', 64', & 73', Kane 82')
Man of the match Son Heung-min (Tottenham)
Correspondents
By Tim Murphy
(Grove Press)
The specs
Engine: 8.0-litre, quad-turbo 16-cylinder
Transmission: 7-speed auto
0-100kmh 2.3 seconds
0-200kmh 5.5 seconds
0-300kmh 11.6 seconds
Power: 1500hp
Torque: 1600Nm
Price: Dh13,400,000
On sale: now
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Joker: Folie a Deux
Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson
Director: Todd Phillips
Rating: 2/5
RESULTS
5pm: Maiden (PA) Dh80,000 1,400m
Winner: JAP Almahfuz, Fernando Jara (jockey), Irfan Ellahi (trainer).
5.30pm: Handicap (PA) Dh90,000 1,400m
Winner: AF Momtaz, Antonio Fresu, Musabah Al Muhairi.
6pm: Handicap (TB) Dh100,000 1,400m
Winner: Yaalail, Fernando Jara, Ali Rashid Al Raihe.
6.30pm: Abu Dhabi Championship Listed (PA) Dh180,000 1,600m
Winner: Ihtesham, Szczepan Mazur, Ibrahim Al Hadhrami.
7pm: Wathba Stallions Cup Handicap (PA) Dh70,000 1,600m
Winner: Dahess D’Arabie, Fernando Jara, Helal Al Alawi.
7.30pm: Maiden (PA) Dh80,000 2.200m
Winner: Ezz Al Rawasi, Connor Beasley, Helal Al Alawi.
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
COMPANY%20PROFILE%20
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The National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Mica
Director: Ismael Ferroukhi
Stars: Zakaria Inan, Sabrina Ouazani
3 stars
The Perfect Couple
Starring: Nicole Kidman, Liev Schreiber, Jack Reynor
Creator: Jenna Lamia
Rating: 3/5
THREE
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UAE%20FIXTURES
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Honeymoonish
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Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
How to wear a kandura
Dos
- Wear the right fabric for the right season and occasion
- Always ask for the dress code if you don’t know
- Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work
- Wear 100 per cent cotton under the kandura as most fabrics are polyester
Don’ts
- Wear hamdania for work, always wear a ghutra and agal
- Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
COMPANY%20PROFILE
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COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3ESmartCrowd%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2018%0D%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3ESiddiq%20Farid%20and%20Musfique%20Ahmed%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%20%2F%20PropTech%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%20%3C%2Fstrong%3E%24650%2C000%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2035%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ESeries%20A%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EVarious%20institutional%20investors%20and%20notable%20angel%20investors%20(500%20MENA%2C%20Shurooq%2C%20Mada%2C%20Seedstar%2C%20Tricap)%3C%2Fp%3E%0A
Malcolm & Marie
Directed by: Sam Levinson
Starring: John David Washington and Zendaya
Three stars
What is the Supreme Petroleum Council?
The Abu Dhabi Supreme Petroleum Council was established in 1988 and is the highest governing body in Abu Dhabi’s oil and gas industry. The council formulates, oversees and executes the emirate’s petroleum-related policies. It also approves the allocation of capital spending across state-owned Adnoc’s upstream, downstream and midstream operations and functions as the company’s board of directors. The SPC’s mandate is also required for auctioning oil and gas concessions in Abu Dhabi and for awarding blocks to international oil companies. The council is chaired by Sheikh Khalifa, the President and Ruler of Abu Dhabi while Sheikh Mohamed bin Zayed, Abu Dhabi’s Crown Prince and Deputy Supreme Commander of the Armed Forces, is the vice chairman.
NO OTHER LAND
Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
Stars: Basel Adra, Yuval Abraham
Rating: 3.5/5