By Marie-Louise Olson
ABU DHABI // Madonna is coming to the UAE next June to perform at Yas Arena in Abu Dhabi, according to a leak from her promoter.
The leaked document, printed on the letterhead of Live Nation, reveals the singer's 2012 world tour itinerary, which includes a concert in the UAE on June 6.
Live Nation Middle East insisted yesterday that the document was not genuine: "As much as we would love it to be real, the Madonna article going around is a hoax."
However, a music industry insider in Dubai who is close to the concert negotiations confirmed that Madonna has indeed been booked to play in Abu Dhabi on that date, and will be paid US$5 million (Dh18.4m) for the show by the Abu Dhabi promoter Flash Entertainment.
"The itinerary was originally leaked by an employee at the Live Nation office in Sydney, who was boasting about the Madonna tour to a journalist," the insider said. He said the employee had been broadcasting the end of the Sydney office's long drought of major shows.
The Madonna fan site drownedmadonna.com was the first to publish the concert document, which shows the tour being announced at a press conference on October 31 at Live Nation's headquarters in Beverly Hills.
Tyler Mervin, the managing director of Live Nation Middle East, declined to comment, as did Flash, which works with Yas Island to promote entertainment events.
Madonna began working on a new studio album this year after a two-year hiatus. Released through Live Nation, it will be her first since she left Warner Music Group after 25 years to sign a $120m contract with the promoter.
marie-louise.olson@thenational.ae
How to keep control of your emotions
If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.
Greed
Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.
Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.
Fear
The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.
Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.
Hope
While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.
Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.
Frustration
Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.
Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.
Boredom
Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.
Tip: Open an online demo account and get your thrills without risking real money.
Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
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