Classical music virtuosos enjoy UAE flights of fancy - and fancy flights


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The Abu Dhabi Music and Arts Festival may have come to an end for this year, but our memories of the concerts will remain with us until next year's edition. We watched as the British cellist Matthew Barley, one of the most inspirational performers on the programme, got into the spirit of the UAE on the festival's closing night. At the Karim Said piano recital on April 2, Barley was spotted in full Arab dress and looked quite splendid. He said he was going to change before his flight home but we suggested it might be a good way to get an upgrade. He agreed and added that he planned to wear his new clothes in the UK over the weekend where he would be visiting his brother in Stroud, in Gloucestershire. The Romanian opera diva Angela Gheorghiu was similarly smitten with the local way of dressing, declaring at her press conference last week that she loved the clothes and wanted to get some herself. She later told The National she had been blown away by Etihad Airway's first-class service. "They call it a suite, not a seat," she said. "They wanted to impress me and they really did."

If you haven't yet boarded the Twitter bandwagon, then maybe the InterContinental and Crowne Plaza hotels at Dubai Festival City can convince you.

Yesterday, both hotels offered followers of their Twitter profiles (www.twitter.com/intercondfc and www.twitter.com/crowneplaza.com) a chance to participate in a free room giveaway. The first three Twitter followers of each hotel to "tweet" a reply to their profiles at a certain time yesterday afternoon were told they would receive a complimentary night's stay at the respective hotel, plus breakfast this morning.

We're anxious to hear from the winners of yesterday's giveaway, and will be keeping an eye out on this new Twitter phenomenon. Something fishy "The ocean is their life itself. For a fisherman, the waves just don't rise and fall. For him, the ocean breathes. The ocean is the very breath of his life," said the Indian artist Subodh Kerkar, known for creating temporary installations on the beach using shells, sand, light and boats.

Through temporary installations on the beaches of the southern Indian state of Goa he captures ephemeral poems on the sand, which he then photographs, freezing them in print. Anchored Ocean, his new body of work, in which he uses the fishermen themselves by exploring their lives and their connection with the ocean, will be displayed in Dubai towards the end of this month. "My installations erase the boundaries between the creator and the created, the fisherman and the fish, the boat and the boatman, using the magic wand of art," said Mr Kerkar. The Jam Jar gallery behind Dubai Garden City will be exhibiting Mr Kerkar's work starting on April 29, and the exhibition will run until June 6.

For the lovers of all things French, a crêpes promotion is being held at the Radisson SAS hotel in Dubai Media City until the end of this month. "Crêpes are a popular French dish that had their origin in Brittany, a region in north-west France. Crêpes are highly adaptable and are appropriate for any meal," said Faycal Ouaissa, the hotel's food and beverage manager.

Mr Ouaissa said it was a myth that crêpes were fattening, insisting that if the right ingredients were used, crêpes could be part of a balanced diet. Any type of crêpes will be ready to be served to guests in under 10 minutes, and take-away orders have been popular as well. * The National

If you go...

Etihad Airways flies from Abu Dhabi to Kuala Lumpur, from about Dh3,600. Air Asia currently flies from Kuala Lumpur to Terengganu, with Berjaya Hotels & Resorts planning to launch direct chartered flights to Redang Island in the near future. Rooms at The Taaras Beach and Spa Resort start from 680RM (Dh597).

How Alia's experiment will help humans get to Mars

Alia’s winning experiment examined how genes might change under the stresses caused by being in space, such as cosmic radiation and microgravity.

Her samples were placed in a machine on board the International Space Station. called a miniPCR thermal cycler, which can copy DNA multiple times.

After the samples were examined on return to Earth, scientists were able to successfully detect changes caused by being in space in the way DNA transmits instructions through proteins and other molecules in living organisms.

Although Alia’s samples were taken from nematode worms, the results have much bigger long term applications, especially for human space flight and long term missions, such as to Mars.

It also means that the first DNA experiments using human genomes can now be carried out on the ISS.

 

LA LIGA FIXTURES

Friday Athletic Bilbao v Celta Vigo (Kick-off midnight UAE)

Saturday Levante v Getafe (5pm), Sevilla v Real Madrid (7.15pm), Atletico Madrid v Real Valladolid (9.30pm), Cadiz v Barcelona (midnight)

Sunday Granada v Huesca (5pm), Osasuna v Real Betis (7.15pm), Villarreal v Elche (9.30pm), Alaves v Real Sociedad (midnight)

Monday Eibar v Valencia (midnight)

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.”

While you're here
Tickets

Tickets for the 2019 Asian Cup are available online, via www.asiancup2019.com

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