Suroosh Alvi is going to tell me how to get into North Korea. One of the founders of the Vice media empire, Alvi is casually well-dressed as he leads a tour through the labyrinthine office/studios and editing suites, a conglomeration of spaces they've been "taking over and Frankensteining together" in a Brooklyn complex.
Which, simply put, is the Vice way: unconventional, punk-corporate. But, like Frankenstein, enough to strike fear in the hearts of its mainstream competition. Which, at this point, would seem to be 60 Minutes and the rest of the established investigative TV news media. Which leads me to wonder: how did this happen?
Founded as a street-culture magazine in Montreal called Voice of Montreal in 1994 by Alvi, Shane Smith and Gavin McInnes, Vice has morphed into a conglomerate. The Vice YouTube channel has more than 2 million subscribers; there is a record label and a documentary film division; and now Vice TV is taking on the majors with international immersive newsmagazine segments filmed from Pyongyang to Cairo, launched on HBO this April with what Alvi calls "the Boardwalk Empire treatment".
"When you see a billboard on Sunset Boulevard in LA, or on a cab, it just makes it very real," Alvi says. "We did get that major-league Boardwalk Empire treatment from HBO in terms of marketing. And then you feel the effects, with the amount of people hitting us up on Twitter. This is real. The machine works. And it's cool if what you put inside the machine works, as well."
What they’ve put in: 15-minute segments that are off the grid, covering stories that have not been pursued by the mainstream. Toxic waste in Iraq; oil pirates in the Niger delta; the “hijacking” of the Arab Spring in Egypt; the “world’s most dangerous place” near Kashmir; all of it “authentic POV content”, Alvi says. “We’ve been trying to report on the unreported since we started.”
But before we get to North Korea and the unprecedented segment they shot there, and the extraterrestrial meeting between the Supreme Leader Kim Jong-un and the retired NBA basketball freak Dennis Rodman – well, it’s best to start at the beginning.
Voice of Montreal quickly became Vice and just as quickly, notorious for its content, viz: Do's and Don'ts, a photo montage of people on the street wearing/doing odd, even humiliating things, accompanied by caustic and vulgar commentary. Articles took a similarly ironic, post-modern, even taunting perspective. A young audience loved it. The hip advertisers who covet them loved it and filled the pages with street-cred ads bigger magazines would have killed for. The team found an investor for a "multi-channel brand". After an ensuing rift developed, they bought him out and what followed was a move to Brooklyn, international success and ambition. They built the magazine audience into a near-million readership in Canada, the UK, Australia and Japan, "because to go 'big in America' then [would have] meant putting the Red Hot Chili Peppers on the cover – something that we would never do".
Regardless, the mainstream came calling. In 2005, MTV execs were concerned their kids weren't watching the news. "The median age of people watching news was something like 63," Alvi says. "And the MTV kids were watching things like Pimp My Ride."
"So we picked up cameras." Their idea was a "Jackass meets 60 Minutes" approach, which became the Heavy Metal in Baghdad film and the Vice Guide to Travel, visiting a different kind of "hot spot": Chernobyl, Beirut, the slums of Rio… "And I had access to this gun market in Pakistan…"
Of course. Mum and the guns. Alvi was born in Toronto and grew up in Minneapolis and Montreal, but his parents are from Lahore, Pakistan. Both are retired academics, his mother having worked as a professor of Islamic Studies. Alvi had visited Pakistan every year as a child and considers himself Pakistani-Canadian. On a visit to Peshawar with his family in the early 2000s, he says, "I was bored one day and thought: 'We're so close to the Pakistan-Afghan border – where's the action?' And my dad said: 'Well, there used to be this pretty safe gun market…'"
So when the Vice Guide to Travel was happening, Alvi called his mother, who knew the governor of that Pakistani province. “Mum, I want to film there, can you call your guy?’ It was getting sketchy then. I drove through it a year ago and it was very scary.”
But he went, looking for the risky, untold story. And perhaps the key component tying together the desire to chase down the untold fringe story and the access to the same is ethnicity. The “outsider” identity.
“Maybe that’s why I identified with punk rock at 15,” Alvi says. “We had experienced a lot of racism in Toronto, my brother and I – ‘Paki this, Paki that’, getting beaten up in the 1970s. But when we moved to Minnesota, we were ‘exotic’. There weren’t many South Asians there at all then.”
So he’d already learnt that his ethnicity could mean both exclusion and exoticism. Might as well see where it would take him.
Ah, yes. North Korea. Let’s go there, where no one can go.
“There was a Chinese tour group that had been taking people in for years,” Alvi says, “but there were a lot of rules attached. You couldn’t take anything in with you. Zero access, off the grid. You leave your phones and everything at this weird place in China.” The Vice guys had already been there, and had surreptitiously filmed some footage with a camera. But that was nothing compared with the return trip. “Things there have changed a lot. My guys on this last trip had internet in their hotel rooms. And a phone.” What hasn’t changed is the Vice guerrilla mentality.
“We came up with this weird idea, knowing that Kim Jong-un is a huge Chicago Bulls fan.
“On the previous trip, Shane had seen a basketball signed by Michael Jordan, given by Madeline Allbright to Kim Jong-il. We knew that era of the Bulls was a big deal in the Kim family. So it was pitched that we’d go in there with the Harlem Globetrotters and Dennis Rodman – and the North Koreans signed off on it.
“And Kim Jong-un showed up. My guys partied at his house. It’s crazy. World leaders can’t meet him, CBS can’t get him, and my guys partied with him. It’s totally insane.
“There are no rules. That’s our advantage...we don’t know what the traditional rules of journalism are. We’re not stunt journalists, though. What I find interesting is that the content of the segments is not that different from what we did when we were starting out in terms of the aesthetic. We’ve always tried to tell a compelling story and deliver authentic content. The point is to fill a void, and that was always the point of Vice when we started it in Montreal. It’s just a different medium now, and the void is global.”
“At the beginning, we were so broke, we couldn’t tell the stories we wanted to,” Alvi says. “Now we can get on a plane. That’s a dream come true.
“We’ve proven we were on to something.”
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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.”
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
UAE currency: the story behind the money in your pockets
The Perfect Couple
Starring: Nicole Kidman, Liev Schreiber, Jack Reynor
Creator: Jenna Lamia
Rating: 3/5
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
Who has lived at The Bishops Avenue?
- George Sainsbury of the supermarket dynasty, sugar magnate William Park Lyle and actress Dame Gracie Fields were residents in the 1930s when the street was only known as ‘Millionaires’ Row’.
- Then came the international super rich, including the last king of Greece, Constantine II, the Sultan of Brunei and Indian steel magnate Lakshmi Mittal who was at one point ranked the third richest person in the world.
- Turkish tycoon Halis Torprak sold his mansion for £50m in 2008 after spending just two days there. The House of Saud sold 10 properties on the road in 2013 for almost £80m.
- Other residents have included Iraqi businessman Nemir Kirdar, singer Ariana Grande, holiday camp impresario Sir Billy Butlin, businessman Asil Nadir, Paul McCartney’s former wife Heather Mills.
Hunting park to luxury living
- Land was originally the Bishop of London's hunting park, hence the name
- The road was laid out in the mid 19th Century, meandering through woodland and farmland
- Its earliest houses at the turn of the 20th Century were substantial detached properties with extensive grounds
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