One minute you're smiling and the next you're in tears; before you know it, you're dancing in your seat. A night of emotions that leaves you begging for more - this is what the first ever Sharmila Dance Gala promises on Wednesday and Thursday at the Dubai Centrepoint Theatre.
The show's impressive line-up includes special guest performers from the Stuttgart Ballet and the Estonian National Ballet. Locally based dancers from the Bucharest National Opera House and BNF Dance Company will also perform alongside professional dancers from the Dubai-based Sharmila Dance Company.
Various dance styles including ballet, contemporary, jazz, salsa, tango and hip-hop will be highlighted.
"The gala is an evening when you sit down and are accosted by so many different styles," said Sharmila Kamte, the founder of Sharmila Dance. "It will be an hour of complete and utter emotions that you haven't felt. It will be exciting and fun and people will ask when the next one will be."
Stars from the Stuttgart and Estonian companies will be performing the classical pas de deux from the Sleeping Beauty and Nutcracker ballets, as well as the cutting-edge contemporary pieces Little Monsters and Time.
The gala will also feature the locally based ballerina Loredana Elena Teodorescu, formerly a principal dancer with the Bucharest National Opera House, performing a pas de deux from Swan Lake - a ballet familiar even to the non-ballet-going public as a result of the film Black Swan - with the Colombian José Luis Quiceno.
BNF, which holds the world championship in Latin dance, will perform tango and salsa numbers, while members of Sharmila Dance will present jazz, hip-hop and contemporary dance pieces.
"I wanted everyone on the show to be professional and passionate about what they do, to provide something to the market that has never been done before - a mixture of local and international talent of a very high level," said Kamte, who began studying professional dance at 15 years old.
With some 500 students attending various classes at the company each week, Kamte said one of her main aims was to show the hard work and talent that goes into dance, which in turn could lead to more investment in developing the field.
"The main message is dance. When I came to Dubai 12 years ago, dance was considered something you only do in certain places, so for me I had a couple years of struggle. But dance is cultural," she said. "It's also a great sport and definitely an art that has not been appreciated in this part of the world, until very recently."
What is needed, she believes, is a strong foundation.
"I would love to see this region have a dance centre that is funded. Education about dance needs to start with schools because it's a part of culture and life," she said. "It's about educating kids so that tomorrow when they see someone dance, they won't laugh - they'll think, wow!"
One teenager who was taken with dance from the start is Thomas Carre, a Briton who has lived in Dubai since he was two years old. Having tried the street jazz class at Sharmila Dance for the first time five years ago, the 19-year-old now works there full-time, training to be a dance instructor. He is also responsible for mixing the music for all the shows.
"I never knew dance was like this. There is structure and many styles which really interested me," said Carre. "I began taking regular classes and my sisters also got involved. I have a feel for hip-hop but all styles with Sharmila are great because there are different feelings expressed, whether through contemporary, ballet or hip-hop."
Another dance student-turned-teacher is 28-year-old Emma Hayes, an administration manager for Sharmila Dance. Both she and Carre will be performing during the gala.
"Firstly, I never thought I'd be able to do half the things I was able to do," said the half-Scottish, half-Welsh Hayes. "Concerts were great. For example, we did Formula One when Kelly Rowland was here, we also did the opening for Kanye West and Akon, as well as the Millions of Milkshakes opening."
Hayes has now been teaching street jazz for more than two years. She began her professional training at 17 with a focus on ballet, contemporary dance and jazz. After graduating, she moved to Dubai and immediately took dance lessons with Kamte, who instilled in her the belief that training is an essential part of what makes a dancer better.
"I have a dancer who was accepted into Juilliard, another has just won one of the biggest competitions in London called DanceX and another is head of dance at Princeton University," Kamte said. "So it's great to see the company being represented internationally, after training in a little city called Dubai."
Ÿ The Sharmila Dance Gala is on Wednesday and Thursday at the Centrepoint Theatre, Ductac, Mall of the Emirates, Dubai. For more information, visit www.sharmiladance.com
melshoush@thenational.ae
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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.
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.”
What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
One in nine do not have enough to eat
Created in 1961, the World Food Programme is pledged to fight hunger worldwide as well as providing emergency food assistance in a crisis.
One of the organisation’s goals is the Zero Hunger Pledge, adopted by the international community in 2015 as one of the 17 Sustainable Goals for Sustainable Development, to end world hunger by 2030.
The WFP, a branch of the United Nations, is funded by voluntary donations from governments, businesses and private donations.
Almost two thirds of its operations currently take place in conflict zones, where it is calculated that people are more than three times likely to suffer from malnutrition than in peaceful countries.
It is currently estimated that one in nine people globally do not have enough to eat.
On any one day, the WFP estimates that it has 5,000 lorries, 20 ships and 70 aircraft on the move.
Outside emergencies, the WFP provides school meals to up to 25 million children in 63 countries, while working with communities to improve nutrition. Where possible, it buys supplies from developing countries to cut down transport cost and boost local economies.
RESULT
Al Hilal 4 Persepolis 0
Khribin (31', 54', 89'), Al Shahrani 40'
Red card: Otayf (Al Hilal, 49')
SHAITTAN
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What went into the film
25 visual effects (VFX) studios
2,150 VFX shots in a film with 2,500 shots
1,000 VFX artists
3,000 technicians
10 Concept artists, 25 3D designers
New sound technology, named 4D SRL
UAE currency: the story behind the money in your pockets
Rocketman
Director: Dexter Fletcher
Starring: Taron Egerton, Richard Madden, Jamie Bell
Rating: 3 out of 5 stars
Specs
Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request
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
Wicked: For Good
Director: Jon M Chu
Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater
Rating: 4/5
What is blockchain?
Blockchain is a form of distributed ledger technology, a digital system in which data is recorded across multiple places at the same time. Unlike traditional databases, DLTs have no central administrator or centralised data storage. They are transparent because the data is visible and, because they are automatically replicated and impossible to be tampered with, they are secure.
The main difference between blockchain and other forms of DLT is the way data is stored as ‘blocks’ – new transactions are added to the existing ‘chain’ of past transactions, hence the name ‘blockchain’. It is impossible to delete or modify information on the chain due to the replication of blocks across various locations.
Blockchain is mostly associated with cryptocurrency Bitcoin. Due to the inability to tamper with transactions, advocates say this makes the currency more secure and safer than traditional systems. It is maintained by a network of people referred to as ‘miners’, who receive rewards for solving complex mathematical equations that enable transactions to go through.
However, one of the major problems that has come to light has been the presence of illicit material buried in the Bitcoin blockchain, linking it to the dark web.
Other blockchain platforms can offer things like smart contracts, which are automatically implemented when specific conditions from all interested parties are reached, cutting the time involved and the risk of mistakes. Another use could be storing medical records, as patients can be confident their information cannot be changed. The technology can also be used in supply chains, voting and has the potential to used for storing property records.
The Vile
Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah
Director: Majid Al Ansari
Rating: 4/5
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Key recommendations
- Fewer criminals put behind bars and more to serve sentences in the community, with short sentences scrapped and many inmates released earlier.
- Greater use of curfews and exclusion zones to deliver tougher supervision than ever on criminals.
- Explore wider powers for judges to punish offenders by blocking them from attending football matches, banning them from driving or travelling abroad through an expansion of ‘ancillary orders’.
- More Intensive Supervision Courts to tackle the root causes of crime such as alcohol and drug abuse – forcing repeat offenders to take part in tough treatment programmes or face prison.
UAE currency: the story behind the money in your pockets