Violinists with the Bayreuth Festival Orchestra rehearse ahead of the Abu Dhabi Classics Wagner gala at the Emirates Palace hotel.
Violinists with the Bayreuth Festival Orchestra rehearse ahead of the Abu Dhabi Classics Wagner gala at the Emirates Palace hotel.
Violinists with the Bayreuth Festival Orchestra rehearse ahead of the Abu Dhabi Classics Wagner gala at the Emirates Palace hotel.
Violinists with the Bayreuth Festival Orchestra rehearse ahead of the Abu Dhabi Classics Wagner gala at the Emirates Palace hotel.

Classical coup in the capital


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ABU DHABI // The soaring harmonies and emotional power of Richard Wagner's operatic masterpieces flowed over an elegant and appreciative audience last night at the Emirates Palace hotel - and the rest of the world could only look on in envy. The famous Bayreuth Festival Orchestra was making its debut in the Middle East as part of the Abu Dhabi Classics season, and it was quite a coup. The queue to see this orchestra perform at its home in the Bavarian town of Bayreuth is 10 years long.

"Everybody is dying to have them - New York, Moscow, Paris - but they came to Abu Dhabi," said Till Janczukowicz, executive director of Abu Dhabi Classics. "They know that Abu Dhabi is very serious about its cultural vision. Having them perform here is a very important signal being sent out to the world." The concert had been hugely anticipated. Women wearing long evening gowns and embellished abayas gathered in the palm-lined atrium. As the orchestra assembled to tune up, they were greeted by a long round of applause. At the first interval, the performers received a standing ovation.

The Bayreuth Festival Orchestra is made up of eminent members of other ensembles, mainly from Germany. They come together in summer months to play at Bayreuth, where Wagner lived from 1872 until his death in 1883 at the age of 69. The annual festival draws thousands and the waiting list for tickets can be as long as 10 years. In its 120-year history, the orchestra has performed outside Europe only once before, in Japan in 1989.

Last night's performance, led by conductor Christian Thielemann, included excerpts from Wagner's Der Ring des Nibelungen, a four-part opera that took 26 years to complete. Earlier Katharina Wagner, the composer's great-granddaughter, took part in a workshop and discussion about his music. Ms Wagner, 30, spoke to about 40 Wagner enthusiasts about her passion for the music and her role as the new co-director of the Bayreuth Festival - having taken over from her father Wolfgang.

Famous for her own innovative stagings of the operatic works, including a controversial performance of Die Meistersinger von Nürnberg two years ago that was greeted with boos and jeers, Ms Wagner said last night's programme was more conventional as suited a young festival. It included some of Wagner's most popular works, including Act 1 of Die Walküre, the second part of the Ring cycle. "We chose a pretty nice programme," she said. "Normally Wagner is very emotional music, so people react in two ways: they love it or they hate it. Probably there's no other way around this, but I don't think you need so much to know about Wagner to get the music."

Ms Wagner said the quality of the programme should help to establish the Abu Dhabi Classics series as an international music festival. "It is very high class, so people will always travel. They travel around the whole world to see good performances." During the event, Ms Wagner also discussed the difficulties of fully staging an opera in the Middle East, taking into account cultural sensitivities and Richard Wagner's abiding interest in Oriental poetry, literature and philosophy.

Last night's concert closed the Abu Dhabi Classics season's opening weekend, but there is much more to come. The year-long programme will bring the most talented performers to venues including Abu Dhabi's National Theatre and Al Ain's Al Jahlili fort. The opening gala on Friday night, entitled Journey of Emotions, led the audience on a musical odyssey across the world. Jeremy Irons, the Oscar-winning British actor, hosted the evening, introducing a collection of diverse and colourful artists.

Roby Lakatos, the Hungarian violinist, known as the Devil's Fiddler, opened the show with a lively performance that blended gypsy idioms with classical themes. The journey continued with a performance by Egypt's Musicians of the Nile, before moving on to Germany with jazz trumpeter Till Bronner, Russia - homeland of Arcadi Volodos, the classical pianist, and across the Atlantic to the United States, with a performance by Indra Thomas, the American soprano. Francisco José Arcángel Ramos, the Spanish flamenco artist, provided an impassioned finale.

The Classics season is an initiative of the Abu Dhabi Authority for Culture and Heritage (Adach) and part of the Government's drive to make the capital an international centre for culture and arts. Addressing the audience at Friday's opening gala, Zaki Nusseibeh, Adach's deputy chairman, said the season will help to strengthen the musical knowledge of young and old alike. "During this important musical event, which runs throughout the year, Adach will present the people of the UAE and thousands of guests coming from abroad, with beautiful moments of magical world music conducted by the most famous of musicians and orchestras," he said.

The next concert in the season takes place at the Emirates Palace on Nov 21 with South African jazz pianist Abdullah Ibrahim's African Landscapes. The following night Cecilia Bartoli, the Grammy-winning Italian opera singer, will perform accompanied by the Basel Chamber Orchestra. Tickets for Abu Dhabi Classics are available at Virgin Megastores, from www.timeouttickets.com, or by calling 800-4669.

lmorris@thenational.ae gchamp@thenational.ae

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While you're here
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The candidates

Dr Ayham Ammora, scientist and business executive

Ali Azeem, business leader

Tony Booth, professor of education

Lord Browne, former BP chief executive

Dr Mohamed El-Erian, economist

Professor Wyn Evans, astrophysicist

Dr Mark Mann, scientist

Gina MIller, anti-Brexit campaigner

Lord Smith, former Cabinet minister

Sandi Toksvig, broadcaster

 

England v South Africa schedule
  • First Test: Starts Thursday, Lord's, 2pm (UAE)
  • Second Test: July 14-18, Trent Bridge, Nottingham, 2pm
  • Third Test: The Oval, London, July 27-31, 2pm
  • Fourth Test: Old Trafford, Manchester, August 4-8
Five expert hiking tips
    Always check the weather forecast before setting off Make sure you have plenty of water Set off early to avoid sudden weather changes in the afternoon Wear appropriate clothing and footwear Take your litter home with you

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.”

if you go

The flights

Air Astana flies direct from Dubai to Almaty from Dh2,440 per person return, and to Astana (via Almaty) from Dh2,930 return, both including taxes. 

The hotels

Rooms at the Ritz-Carlton Almaty cost from Dh1,944 per night including taxes; and in Astana the new Ritz-Carlton Astana (www.marriott) costs from Dh1,325; alternatively, the new St Regis Astana costs from Dh1,458 per night including taxes. 

When to visit

March-May and September-November

Visas

Citizens of many countries, including the UAE do not need a visa to enter Kazakhstan for up to 30 days. Contact the nearest Kazakhstan embassy or consulate.

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Founded: September, 2020

Number of employees: 70

Sector: FinTech, online payment solutions

Funding to date: $116m in two funding rounds  

Investors: Checkout.com, Impact46, Vision Ventures, Wealth Well, Seedra, Khwarizmi, Hala Ventures, Nama Ventures and family offices

Du Football Champions

The fourth season of du Football Champions was launched at Gitex on Wednesday alongside the Middle East’s first sports-tech scouting platform.“du Talents”, which enables aspiring footballers to upload their profiles and highlights reels and communicate directly with coaches, is designed to extend the reach of the programme, which has already attracted more than 21,500 players in its first three years.