The Beach Boys' album Smile was "completed" by Brian Wilson in 2004 and has been "reconstructed" by fans, but never officially released.
The Beach Boys' album Smile was "completed" by Brian Wilson in 2004 and has been "reconstructed" by fans, but never officially released.
The Beach Boys' album Smile was "completed" by Brian Wilson in 2004 and has been "reconstructed" by fans, but never officially released.
The Beach Boys' album Smile was "completed" by Brian Wilson in 2004 and has been "reconstructed" by fans, but never officially released.

The business of unfinished art: great talents and uncom


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Anyone tempted to dismiss the Scissor Sisters as producers of sing-by-numbers disco-pop might want to reassess now that news has emerged that the New York band abandoned the best part of an entire album last year because it left the lead singer Jake Shears "cold". "In my heart I knew it wasn't right," he said in a recent interview with the BBC. "I didn't really know what it was trying to say." Instead, Shears hotfooted it to the notoriously hedonistic German capital Berlin, where he spent several months getting back in touch with his inner party animal. The band started again from scratch last June, and the results - their first album (well, second if you count the one they ditched) since Ta-Dah in 2006 - will be released next month.

This does not sound like the behaviour of a flash-in-the-pan act. In fact, abandoning projects, be it music, film or art, has almost become the hallmark of a great artist. Such is their artistic integrity, you see, that the project in its present state is simply not fit for human consumption. At least that's what they want us think. More often than not, though, the causes of abandonment owe more to logistical obstacles such as illness, or financing (or, in Leonardo da Vinci's case, because the bronze he wanted to use for a sculpture of a 24-foot-high horse was redirected in order to make cannons to bolster the Milanese garrison against the French).

Either way, when it comes to music, abandoned projects only serve to heighten an artist's mythology. Such was the case with Smile, the Beach Boys' 1966/67 album that was intended as the even more complex follow-up to their visionary Pet Sounds. The project, by then a virtually complete album, floundered under the weight of expectation and, more significantly, Brian Wilson's deteriorating mental health. In 2004, Wilson released a "completed" recording of the album, but fans continue to recreate a "true" version by piecing together snippets from the time.

Similarly, Neil Young's album Chrome Dreams was abandoned on the brink of release in 1977 for reasons nobody quite knows. It would have been his best album of the decade, modern-day music journalists opine wistfully. A number of unofficial versions have since been released to keep us guessing, followed by Young's Chrome Dreams II in 2007, which teasingly only bore a passing resemblance to its predecessor.

And then, of course, there's Prince, surely the owner of more abandoned or unreleased material than he knows what to do with. One of his better-known projects that remained on the shelf was Camille, an album featuring his female-sounding alter ego (a sound he created by speeding up his voice in the studio). Film is also littered with works that never got out of the blocks. The list of Stanley Kubrick's abandoned projects is far longer than the number he produced. The best known is Napoleon, for which he wrote the script and intended to cast Jack Nicholson as the lead. However, MGM cancelled it due to a combination of financial constraints and the fact that a similar film, Waterloo, by Sergei Bondarchuk, had recently flopped. Orson Welles's unfinished films have also become the stuff of legend; he claimed to have been working on a version of Don Quixote for decades. There are also conflicting reports about the number of David Lynch projects that have never seen the light of day.

When it comes to literature, the abandonment of works, particularly by great authors of the past, often owes more to untimely death than anything else. One such was Charles Dickens, whose The Mystery of Edwin Drood was only halfway to completion when he died of a stroke in 1870. Geoffrey Chaucer never finished The Canterbury Tales. JRR Tolkien never completed a definitive version ofThe Silmarillion, despite having spent his whole life rewriting it (after his death it was partly reconstructed, at the request of his son Christopher, by the fantasy fiction writer Guy Gavriel Kay, and published in 1977).

We need look no further than the British author Martin Amis for a modern example of vanity abandonment, though: he ceased work on an autobiographical novel he had started in 2003 because "the whole thing was dead, without life". Perhaps he took a trip to Berlin, too, since the book was later split into two, part of which became The Pregnant Widow, his best-received book for years.

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

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Ads on social media can 'normalise' drugs

A UK report on youth social media habits commissioned by advocacy group Volteface found a quarter of young people were exposed to illegal drug dealers on social media.

The poll of 2,006 people aged 16-24 assessed their exposure to drug dealers online in a nationally representative survey.

Of those admitting to seeing drugs for sale online, 56 per cent saw them advertised on Snapchat, 55 per cent on Instagram and 47 per cent on Facebook.

Cannabis was the drug most pushed by online dealers, with 63 per cent of survey respondents claiming to have seen adverts on social media for the drug, followed by cocaine (26 per cent) and MDMA/ecstasy, with 24 per cent of people.

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.”

DUBAI WORLD CUP RACE CARD

6.30pm Meydan Classic Trial US$100,000 (Turf) 1,400m

7.05pm Handicap $135,000 (T) 1,400m

7.40pm UAE 2000 Guineas Group Three $250,000 (Dirt) 1,600m

8.15pm Dubai Sprint Listed Handicap $175,000 (T) 1,200m

8.50pm Al Maktoum Challenge Round-2 Group Two $450,000 (D) 1,900m

9.25pm Handicap $135,000 (T) 1,800m

10pm Handicap $135,000 (T) 1,400m

 

The National selections

6.30pm Well Of Wisdom

7.05pm Summrghand

7.40pm Laser Show

8.15pm Angel Alexander

8.50pm Benbatl

9.25pm Art Du Val

10pm: Beyond Reason

FIRST TEST SCORES

England 458
South Africa 361 & 119 (36.4 overs)

England won by 211 runs and lead series 1-0

Player of the match: Moeen Ali (England)

 

Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years