Kylie Minogue, who was on hand to watch the US$14 million fireworks display, described the evening as 'absolutely fantastic'.
Kylie Minogue, who was on hand to watch the US$14 million fireworks display, described the evening as 'absolutely fantastic'.
Kylie Minogue, who was on hand to watch the US$14 million fireworks display, described the evening as 'absolutely fantastic'.
Kylie Minogue, who was on hand to watch the US$14 million fireworks display, described the evening as 'absolutely fantastic'.

Seeing stars at Atlantis


  • English
  • Arabic

There was only one word for it and that was, "Wow!" Kylie Minogue said it, Natalie Imbruglia said it and Sir Richard Branson said it as they stood in an excited huddle to witness US$14 million's worth of radio-controlled rockets light up the Dubai sky. The firework display at the "party of the decade" just went on and on. As it seemed to be reaching a crescendo it started up again in another direction. "You just don't know where to look," gasped the diminutive singer Imbruglia, goggle-eyed as she greeted her pal Kylie who had slipped quickly out of her gorgeous glittering Jean Paul Gaultier stage outfits and into a strappy little black number to watch the display. "I've never seen anything like it. This is absolutely fantastic," said Kylie with a grin. No wonder she was in good humour. She'd just earned a rumoured $2 million (Dh7.35m) for her 45-minute set, although she wasn't prepared to confirm that. "You don't expect me to tell you, do you, it's going straight into my piggy bank," she giggled. Her outfits alone must have cost tens of thousands of dollars. She arrived in a floor-length black and pink ruffled gown by the New York designer Milly and her 113 dancers were all decked out in Gaultier for their performance. Such a conspicuous display of wealth and extravagance hasn't been seen since Philip Green, the British billionaire retailer, threw a 50th birthday bash in Cyprus - and even that paled by comparison. He was there at the Atlantis party with his statuesque South African wife Christina in shimmering black. I spotted him scurrying around the foyer trying to find his pass to get into dinner, mobile phone clamped to one ear as he kept in touch with his business empire. That other flamboyant tycoon Sir Richard Branson had his family with him - Joan his wife, Holly his daughter and Sam his 23-year-old son who was seldom far away from his close friend Imbruglia. It was Holly's 27th birthday and halfway through the fireworks Branson turned to his daughter and said: "Don't be expecting this on your birthday next year." With the Dow Jones plunging 400 points and the rest of the world shivering as the global recession bites, wasn't this just a teeny bit over the top, I asked him? More than a million fireworks were launched in nine minutes from 716 locations including 50 points along the 17km crescent of Palm Jumeirah, 226 floating pontoons and 40 spots along the 5.5km monorail outlining Palm Jumeirah's trunk, from 400 balconies on the south façade and all rooftop surfaces of the hotel. Anyone trying to have an early night would have been wasting their time. "The thing is this was probably planned a couple of years ago and even six months ago it would have been too late to cancel it. This is incredible, just the most exciting fireworks I've seen anywhere," said Branson, who greeted Charlize Theron, the Oscar-winning actress, with genuine affection. She stayed with the family on their idyllic island retreat of Necker in the Virgin Islands last year and they've all become close friends. The evening kicked off with Veuve Cliquot as guests who had negotiated unbelievably tight security to get there milled around on the terrace in front of the hotel, built for the occasion on the beach. As a giant sea dragon breathing fire wove its way through the throng and "living buffet" waitresses with giant jellyfish headdresses wandered around offering canapés, celebrities began the perilous descent down a flight of steps to the red carpet parade. Among the first was the tousle haired Welsh actor Rhys Ifans, who dashed past photographers refusing to answer questions about his ex Sienna Miller. Boris Becker brought Sharlely Kerssenberg, his former girlfriend, only to find Alessandra "Sandy" Meyer-Wölden, his ex-fiancée, had decided to come too, even though they broke up just two weeks ago. Mary Kate Olsen, one half of the American Olsen twins, nearly took a tumble as she tripped over the hem of a voluminous cream gown. Scarily slender, she looked like a child dressing up in her mother's negligee. Yasmin le Bon, the British model, was resplendent in coffee satin with a fur bolero, the singer Lily Allen, fresh from a trip to the water park, chose electric blue. "This place is huge. I've never been anywhere like it," she said in genuine awe. Mischa Barton, the actress, admitted she was nursing a hangover having spent the previous night celebrating the launch of the restaurant Nobu with Robert de Niro. The star of Taxi Driver, the Deerhunter and Raging Bull gave the red carpet a miss. Not his style really. With his wife Grace Hightower he made a late entrance and sat down with the lovely Theron and Stuart Townsend, her boyfriend. One of the most peculiar outfits was that of the singer Janet Jackson, black silk chiffon skirt and champagne coloured blouse with a black straw bowler hat. She too gave the catwalk a miss and Oprah Winfrey, the American chat show host, was a no show. She had been given the US$50,000-a-night Bridge Suite, which was quickly bagged by Shah Rukh Khan, the Bollywood actor. Ben Affleck, the American actor, rather pointedly shunned the party, preferring to head off on another of his goodwill trips to the Congo. His absence did not dampen the spirits of the 2,000 guests at the opening of the US$1.5 billion resort. The Royal Family of Dubai, led by Sheikh Mohammed bin Rashid, Vice President of the UAE and Ruler of Dubai, mingled with captains of industry, actors, supermodels, sporting heroes such as Michael Jordan, the US basketball star, and a strong contingent of partygoers from Britain, including an initially sombre-faced Duchess of York and Dame Shirley Bassey, looking fantastic in skin-tight leopard print. We dined on Atlantic lobster salad with avocado and mango salsa, followed by an odd choice of main course, a mixed grill of lamb cutlets and other bits and pieces which arrived, at my table at least, cold. Altogether 1.7 metric tonnes of lobster was eaten, 4,000 oysters, 3,000kg of smoked salmon and 5,000 portions of sushi prepared by 500 chefs and served by 1,000 waiters. Later it was harder to get off The Palm than it was to get on it. Smoke from the spectacular pyrotechnics filled the tunnel leading up to Atlantis which was promptly blocked off, leaving hundreds of weary and disgruntled guests unable to get taxis. Eventually coaches were summoned that took us on a magical mystery tour of local hotels in search of transport home only to be faced with long queues everywhere on a typical Dubai Thursday night. It was an irritating end to an evening on Atlantis that otherwise lived up to its legendary name. pkennedy@thenational.ae

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Company profile

Name: Tratok Portal

Founded: 2017

Based: UAE

Sector: Travel & tourism

Size: 36 employees

Funding: Privately funded

In the Restaurant: Society in Four Courses
Christoph Ribbat
Translated by Jamie Searle Romanelli
Pushkin Press 

The%20specs
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GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Intercontinental Cup

Namibia v UAE Saturday Sep 16-Tuesday Sep 19

Table 1 Ireland, 89 points; 2 Afghanistan, 81; 3 Netherlands, 52; 4 Papua New Guinea, 40; 5 Hong Kong, 39; 6 Scotland, 37; 7 UAE, 27; 8 Namibia, 27

The major Hashd factions linked to Iran:

Badr Organisation: Seen as the most militarily capable faction in the Hashd. Iraqi Shiite exiles opposed to Saddam Hussein set up the group in Tehran in the early 1980s as the Badr Corps under the supervision of the Iran Revolutionary Guards Corps (IRGC). The militia exalts Iran’s Supreme Leader Ali Khamenei but intermittently cooperated with the US military.

Saraya Al Salam (Peace Brigade): Comprised of former members of the officially defunct Mahdi Army, a militia that was commanded by Iraqi cleric Moqtada Al Sadr and fought US and Iraqi government and other forces between 2004 and 2008. As part of a political overhaul aimed as casting Mr Al Sadr as a more nationalist and less sectarian figure, the cleric formed Saraya Al Salam in 2014. The group’s relations with Iran has been volatile.

Kataeb Hezbollah: The group, which is fighting on behalf of the Bashar Al Assad government in Syria, traces its origins to attacks on US forces in Iraq in 2004 and adopts a tough stance against Washington, calling the United States “the enemy of humanity”.

Asaeb Ahl Al Haq: An offshoot of the Mahdi Army active in Syria. Asaeb Ahl Al Haq’s leader Qais al Khazali was a student of Mr Al Moqtada’s late father Mohammed Sadeq Al Sadr, a prominent Shiite cleric who was killed during Saddam Hussein’s rule.

Harakat Hezbollah Al Nujaba: Formed in 2013 to fight alongside Mr Al Assad’s loyalists in Syria before joining the Hashd. The group is seen as among the most ideological and sectarian-driven Hashd militias in Syria and is the major recruiter of foreign fighters to Syria.

Saraya Al Khorasani:  The ICRG formed Saraya Al Khorasani in the mid-1990s and the group is seen as the most ideologically attached to Iran among Tehran’s satellites in Iraq.

(Source: The Wilson Centre, the International Centre for the Study of Radicalisation)

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

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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.”

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What sanctions would be reimposed?

Under ‘snapback’, measures imposed on Iran by the UN Security Council in six resolutions would be restored, including:

  • An arms embargo
  • A ban on uranium enrichment and reprocessing
  • A ban on launches and other activities with ballistic missiles capable of delivering nuclear weapons, as well as ballistic missile technology transfer and technical assistance
  • A targeted global asset freeze and travel ban on Iranian individuals and entities
  • Authorisation for countries to inspect Iran Air Cargo and Islamic Republic of Iran Shipping Lines cargoes for banned goods
Paatal Lok season two

Directors: Avinash Arun, Prosit Roy 

Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong

Rating: 4.5/5

COMPANY PROFILE

Company name: Blah

Started: 2018

Founder: Aliyah Al Abbar and Hend Al Marri

Based: Dubai

Industry: Technology and talent management

Initial investment: Dh20,000

Investors: Self-funded

Total customers: 40

'Nope'
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