Hot jazz as Fairuz's son hits town for the first time



The papers in Egypt couldn't stop talking about it - editorials, articles and advertisements. The son of Fairuz, the most famous living Arab singer in the world, and the famous composer Assi Rahbani was coming to play for the first time. Ziad Rahbani, at 54, had never before performed in Cairo. The choice of venue was bizarre - the small Sawy Cultural Centre on the island of Zamalek, a location that is usually reserved for local performers, small conferences or youth events. This time they were going all out, staging a concert for one of the biggest names in Arabic music - and it certainly showed in the ticket prices.

Normally, Sawy concert tickets range from free to 40 Egyptian pounds (roughly Dh26) maximum. These tickets were a whopping 120 pounds (Dh80), a price normally reserved for the Opera House or the grand Azhar park. There were also rumours that the Sawy centre had oversold its ticket allocation by five times, making us nervous that the concert might be more like a scrum. Rahbani is one of those eccentric yet brilliant characters. With a hawkish nose and steel-rimmed glasses, he usually appears in the press or on TV unshaven and with a stern look. He takes his work seriously, and is a rare treat to hear him sing at one of his concerts.

His performance was taking place in the middle of a heatwave, in Egypt's so-called spring. Dust and sand mixed with the infamous Cairo pollution in a muggy pall that hadn't lifted for days. We were suffocated during the day, unable to open windows at home or work and resorting to the air-conditioner to clear the air inside my flat. At night, the heat was relentless. The outdoor area in the middle of the Nile was packed at least two hours before the concert began. After an hour-and-a-half delay - and "a word from our sponsors" - Rahbani finally appeared on stage and sat down at the piano.

As well as composing classical Arabic songs for Fairuz and other artists, Rahbani's speciality is oriental and classical jazz. I'm not the greatest fan of the genre, but it was excellent live music and people were in a good mood, despite the beads of sweat trickling down their back. The real party kicked off when two singers - a young Egyptian from a local band called Wust el Balad, and a Syrian woman - came out to perform Rahbani's more famous songs, many written for Fairuz. Groups of young Egyptians, Syrians and Palestinians screamed and whistled and sang along, quite often out of tune.

Before the concert a friend had been moaning there would no doubt be loads of people who had no idea who Ziad Rahbani was. But it was heartwarming to see the large number of youngsters mouthing the words and singing out loud with their eyes closed, really enjoying the classical music of their parents' generation. Rahbani started out in his early teens as a writer. In 1973, he composed his first piece of music for his mother and finally won critical acclaim when he took over composing the music for his mother's play when his father was taken ill.

He shot to fame with his song Saalouni el-Nass (The People Asked Me), and from then on his career flourished. The same friend who worried about being mobbed by a crowd of non-believers, described Rahbani as an artist with a mission, not necessarily out to give the audience what they wanted. Which might explain why he played a lot of jazz and sang only one song even though the crowd kept screaming: "Sing, Ziad, sing!" Even for the encore, he brought back the young Egyptian singer.

By the end of the night we were exhausted. Having stood for hours, our feet and backs were aching, our voices were almost gone with the singing and shouting, and the heat was making us delirious. Over the next few days local paper critics moaned about the disastrous location and asked why he hadn't sung more. Party poopers. They were just lucky to see a great star. Hopefully he'll grace us with his presence again.

Hadeel al Shalchi is a writer for the Associated Press, based in Cairo

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7.05pm: Maiden (TB) Dh82,500 (D) 1,900m

7.40pm: Handicap (TB) Dh102,500 (D) 2,000m

8.15pm: Conditions (TB) Dh120,000 (D) 1,600m

8.50pm: Handicap (TB) Dh95,000 (D) 1,600m

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Cryopreservation: A timeline
  1. Keyhole surgery under general anaesthetic
  2. Ovarian tissue surgically removed
  3. Tissue processed in a high-tech facility
  4. Tissue re-implanted at a time of the patient’s choosing
  5. Full hormone production regained within 4-6 months

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.”

Emergency

Director: Kangana Ranaut

Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry 

Rating: 2/5

How to join and use Abu Dhabi’s public libraries

• There are six libraries in Abu Dhabi emirate run by the Department of Culture and Tourism, including one in Al Ain and Al Dhafra.

• Libraries are free to visit and visitors can consult books, use online resources and study there. Most are open from 8am to 8pm on weekdays, closed on Fridays and have variable hours on Saturdays, except for Qasr Al Watan which is open from 10am to 8pm every day.

• In order to borrow books, visitors must join the service by providing a passport photograph, Emirates ID and a refundable deposit of Dh400. Members can borrow five books for three weeks, all of which are renewable up to two times online.

• If users do not wish to pay the fee, they can still use the library’s electronic resources for free by simply registering on the website. Once registered, a username and password is provided, allowing remote access.

• For more information visit the library network's website.

Vidaamuyarchi

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Stars: Ajith Kumar, Arjun Sarja, Trisha Krishnan, Regina Cassandra

Rating: 4/5

 

Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

Other workplace saving schemes
  • The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
  • Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
  • National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
  • In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
  • Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
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Engine: Dual 180kW and 300kW front and rear motors

Power: 480kW

Torque: 850Nm

Transmission: Single-speed automatic

Price: From Dh359,900 ($98,000)

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Things Heard & Seen

Directed by: Shari Springer Berman, Robert Pulcini

Starring: Amanda Seyfried, James Norton

2/5

How to avoid crypto fraud
  • Use unique usernames and passwords while enabling multi-factor authentication.
  • Use an offline private key, a physical device that requires manual activation, whenever you access your wallet.
  • Avoid suspicious social media ads promoting fraudulent schemes.
  • Only invest in crypto projects that you fully understand.
  • Critically assess whether a project’s promises or returns seem too good to be true.
  • Only use reputable platforms that have a track record of strong regulatory compliance.
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Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
MATCH INFO

Chelsea 1
Alonso (62')

Huddersfield Town 1
Depoitre (50')

German intelligence warnings
  • 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
  • 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
  • 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250 

Source: Federal Office for the Protection of the Constitution