Jason Derulo performing at Dubai Music Week. Cedric Ribeiro / Getty Images
Jason Derulo performing at Dubai Music Week. Cedric Ribeiro / Getty Images

What we learnt from Dubai Music Week



Same time next year?

First, the good news: Dubai Music Week will be back next year. And hopefully every year until 2020, too, with a five-year plan being hatched to improve and broaden the event moving forward, according to Live Nation’s managing director, James Craven, who says his inspiration is Texas’s trendsetting South By Southwest.

“We have a vision,” he told us. “This is a new event, and it needs to grow and evolve, but in five years’ time I’d like to see a full-blown industry conference. We are in a gifted position in Dubai to be the hub for music in the region.”

It was a rather slow start

The second Dubai Music Week began with a whimper, not a growl. The scheduled 1,000-capacity “official opening” ceremony – a live Q&A with headliner Jason Derulo on Wednesday – simply didn’t take place.

When we asked about it, Derulo was flummoxed. “To be honest, I don’t know what happened, I have no idea,” he said. An “unforeseen scheduling conflict” was the official line.

“We appreciate all of the fans and look forward to their continued support for Dubai Music Week,” Live Nation said.

But Derulo’s slick stagecraft saved the day

By Wednesday evening, things were firing on all cylinders. Fronting a live band in the UAE for the first time, Derulo ticked all the boxes for an inclusive event intro. The guy can definitely dance. He can seriously sing. And he’s more than a little proud of his bulging biceps. It was the whole package. He’s so slick, watching Derulo onstage feels a bit like viewing one big, long music video.

Does Dave Grohl dislike the Middle East?

Promoters were put on the spot when a fan asked whether persistent rumours that the Foo Fighters are coming to town might ever come true – and let slip the problem was down to the band’s preconceptions of the region.

“I used to work closely with the band, and it’s been a challenge because of the mentality of someone in the band concerning the Middle East,” said Mike Galt, Live Nation’s talent manager, speaking at Thursday’s Biz Talks panel. “The way the media portrays the Middle East in the United States is a problem.”

The UAE loves Ellie

Too often, the greatest criticism of UAE concertgoers is that they don’t pay enough attention, happy to chat noisily until a song they recognise starts. This is why the outpouring of emotion that greeted Ellie Goulding’s show on Thursday was a joy to behold – after only a few songs, the crowd were chanting the singer’s name in their thousands. Goulding seemed genuinely touched. “I do a lot of shows,” she told the rapt audience, “and it really makes a difference when you’re performing to people who are really engaged.”

An engaged crowd? In Dubai? Blimey.

Jared up close and personal

Before Jared Leto’s live Q&A on Friday, fans were given strict instructions: no pictures, no “personal or private” questions, and absolutely no “inappropriate touching”.

But rocking up in a retro rainbow T-shirt and white trousers, all the rules were quickly thrown out the window the minute Leto invited a cute young girl to share the tiny sofa with him, for half an hour. There were more than a few jealous older fans in the audience.

“I would love to do a special tour of the Middle East and make a film about it – that would be awesome,” Leto said later. “When we were in Abu Dhabi, that was incredible; the energy and passion was magical.”

And the winner is...

A six-month talent search seeking a local support act to open for Thirty Seconds to Mars finally wound up with... nothing to show for it.

Launched in March, the #MARSBattleoftheBands contest was won by Dubai-based singer-songwriter Seb Heart, who was reportedly out of town and couldn’t make the gig.

That was good news for the replacement support act, though – perennial openers Juliana Down played an excellent, epic set lasting about an hour, mixing promising new material with older, battle-worn anthems.

More big gigs at Yas this year

It was strange to get the lowdown on Abu Dhabi gig news in Dubai, but when we bumped into Flash’s head honcho Alexis Dijksterhuis he promised “at least one” more big Yas Island show before the year is out.

“We’ve got lots of interesting things already planned for early 2016,” added Dijksterhuis, the promoter’s vice president of strategic planning and new business.

It’s all about social media

More than ever, Dubai Music Week proved what an expansive role social media plays in an artist’s self-promotion, with all three headliners virtually embracing the UAE.

Ellie Goulding posted a beachside shot on Instagram while soaking up some pre-show rays.

Jason Derulo got in the mood with an intimate, to-camera Snapchat post.

But Jared Leto trumped them both by suddenly popping up in the middle of the crowd for an impromptu solo acoustic set during the Thirty Seconds to Mars gig – and filming an Instagram singalong he posted right there and then. Nice touch.

rgarratt@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.”

Favourite things

Luxury: Enjoys window shopping for high-end bags and jewellery

Discount: She works in luxury retail, but is careful about spending, waits for sales, festivals and only buys on discount

University: The only person in her family to go to college, Jiang secured a bachelor’s degree in business management in China

Masters: Studying part-time for a master’s degree in international business marketing in Dubai

Vacation: Heads back home to see family in China

Community work: Member of the Chinese Business Women’s Association of the UAE to encourage other women entrepreneurs

What are the influencer academy modules?
  1. Mastery of audio-visual content creation. 
  2. Cinematography, shots and movement.
  3. All aspects of post-production.
  4. Emerging technologies and VFX with AI and CGI.
  5. Understanding of marketing objectives and audience engagement.
  6. Tourism industry knowledge.
  7. Professional ethics.
The Sand Castle

Director: Matty Brown

Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

Rating: 2.5/5

The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

NO OTHER LAND

Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal

Stars: Basel Adra, Yuval Abraham

Rating: 3.5/5

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
A MINECRAFT MOVIE

Director: Jared Hess

Starring: Jack Black, Jennifer Coolidge, Jason Momoa

Rating: 3/5

Specs

Engine: 51.5kW electric motor

Range: 400km

Power: 134bhp

Torque: 175Nm

Price: From Dh98,800

Available: Now

The specs

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

On sale: Now

Match info

Manchester United 0-0 Crystal Palace

Man of the match: Cheikhou Kouyate (Crystal Palace)

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EShaffra%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2023%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDIFC%20Innovation%20Hub%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3Emetaverse-as-a-Service%20(MaaS)%3Cbr%3E%3Cstrong%3EInvestment%3A%20%3C%2Fstrong%3Ecurrently%20closing%20%241.5%20million%20seed%20round%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3Epre-seed%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFlat6Labs%20Abu%20Dhabi%20and%20different%20PCs%20and%20angel%20investors%20from%20Saudi%20Arabia%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%20%3C%2Fstrong%3Enine%3C%2Fp%3E%0A
The Greatest Royal Rumble card as it stands

50-man Royal Rumble - names entered so far include Braun Strowman, Daniel Bryan, Kurt Angle, Big Show, Kane, Chris Jericho, The New Day and Elias

Universal Championship Brock Lesnar (champion) v Roman Reigns in a steel cage match

WWE World Heavyweight Championship AJ Styles (champion) v Shinsuke Nakamura

Intercontinental Championship Seth Rollins (champion) v The Miz v Finn Balor v Samoa Joe

United States Championship Jeff Hardy (champion) v Jinder Mahal

SmackDown Tag Team Championship The Bludgeon Brothers (champions) v The Usos

Raw Tag Team Championship (currently vacant) Cesaro and Sheamus v Matt Hardy and Bray Wyatt

Casket match The Undertaker v Chris Jericho

Singles match John Cena v Triple H

Cruiserweight Championship Cedric Alexander v tba

 

How much do leading UAE’s UK curriculum schools charge for Year 6?
  1. Nord Anglia International School (Dubai) – Dh85,032
  2. Kings School Al Barsha (Dubai) – Dh71,905
  3. Brighton College Abu Dhabi - Dh68,560
  4. Jumeirah English Speaking School (Dubai) – Dh59,728
  5. Gems Wellington International School – Dubai Branch – Dh58,488
  6. The British School Al Khubairat (Abu Dhabi) - Dh54,170
  7. Dubai English Speaking School – Dh51,269

*Annual tuition fees covering the 2024/2025 academic year

Test

Director: S Sashikanth

Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan

Star rating: 2/5