The fewer contestants that remain on The X Factor, the more tears are shed on screen at the end of every live episode.
It’s not surprising – the contestants can’t help but become closer friends as time goes by and their numbers diminish.
They live together in a hotel at an undisclosed location in Beirut, forced to spend much of their time together working on songs, rehearsing medleys, learning choreography, recording music and pondering what they can do to win the TV talent competition.
“The tough part is not the fact that we have to compete against our friends, against people we have become so close to,” said Hamza Hawsawi, the 24-year-old soul and R&B singer from Saudi Arabia who is being mentored by Lebanese judge Ragheb Alama.
“The tough part is that we’ve become so close and such good friends, and yet we all have no idea when we will ever see each other again and be all together again once one of us leaves.
“That’s why we’re always so wrecked when someone is voted off and we have to say goodbye.”
It has been an increasingly emotional experience for all involved and Saturday night was no exception.
The elimination of Syrian singer Majdi Sharif caused a flood of tears, despite his excellent performance of the Abdel Halim Hafez song Awel Marra, which was well reviewed by the judges.
In fact, Sharif has been causing people to sob since his first appearance on The X Factor. During the audition phase, he shared his story of fleeing from the violence in Syria and spending the past four years studying in Sweden, while missing his family and especially his parents, who he had not seen in years.
Audience favourites the 5 remained safe on Saturday, their performance of Mohamed Hamaki's hit Wahda Wahda solidifying their reputation and electrifying stage presence.
Alama told them: “This was an excellent song choice for you; I commend your mentor, Donia [Samir Ghanem], for choosing this one. You’re just so good together. Each one of you is different but when you sing together, the resulting harmony – both in terms of your singing and your relationship with one another – is strong and it’s apparent.”
Lebanese judge Elissa agreed. She also congratulated Egyptian judge Ghanem on her choice of song for the band. “I want to adopt you guys,” she added. “You’re getting better and better each week.”
The 5 stood up a little straighter, smiled a little wider and even flexed their muscles a little harder following the praise.
Their mentor, Ghanem, admonished their cockiness and asked them to settle down and listen to her.
“Some people have talent, but not star quality,” she said. “You guys? You have it all. You were born stars.”
The X Factor is broadcast live on Saturday at 10pm on MBC4
artslife@thenational.ae
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Points to remember
- Debate the issue, don't attack the person
- Build the relationship and dialogue by seeking to find common ground
- Express passion for the issue but be aware of when you're losing control or when there's anger. If there is, pause and take some time out.
- Listen actively without interrupting
- Avoid assumptions, seek understanding, ask questions
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New UK refugee system
- A new “core protection” for refugees moving from permanent to a more basic, temporary protection
- Shortened leave to remain - refugees will receive 30 months instead of five years
- A longer path to settlement with no indefinite settled status until a refugee has spent 20 years in Britain
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Knowledge and Human Development Authority – 8005432 ext. 4 for Covid-19 queries
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.”