Abu Dhabi is more than fulfilling its potential as a City of Music.
Since it was granted the distinction by the Unesco Creative Cities Network in 2021, cultural organisations have led the emirate’s efforts in becoming a global cultural centre, with eclectic events at home and abroad.
This weekend alone is an indication of the breadth of that ambition.
On Friday and Saturday NYU Abu Dhabi's Arts Centre hosts the Barzakh Festival.
The annual world music event features artists from countries ranging from Algeria and Somaliland to Italy and Korea, all celebrating their heritage through song.
Meanwhile, the Cairo International Book Fair, ending on Monday, features a robust music programme by Abu Dhabi's Arabic Langue Centre (ALC), with sold-out concerts, and the launch of a new biography of revered Egyptian singer Umm Kulthum.
And this is only the start of the year.
From Abu Dhabi Festival co-commissioning a lavish staging of the ancient Egyptian opera Aida in Madrid to acclaimed classical musicians performing at the Cultural Foundation as part of the Abu Dhabi Classics concert series, the past 12 months have showed Abu Dhabi is equally adept at exporting as it is at importing talent.
Covering these events in the flesh I realise their value is measured in more than the full concert halls and amphitheatres.
While there is pride in seeing the city of my birth emblazoned on posters and pamphlets at the influential Aix-en-Provence Festival in France and 16th-century mausoleum, the Sultan Al-Ghuri Complex in Cairo, the insightful conversations and emotions inspired by these events are powerful.
In Cairo last week a youthful crowd was immersed in a performance by Asil Ensemble.
The Egyptian folk troupe, led by the acclaimed blind composer Mustafa Said, featured original compositions paired with the words of 10th-century poet Abu Al Tayeb Al Mutanabbi, born in Iraq, and 19th-century Egyptian poet Ahmed Shawqi.
These selections of prose were favoured by UAE Founding Father, the late Sheikh Zayed bin Sultan Al Nahyan, an esteemed poet himself.
I will always remember the tears of Cairo resident Souad Al Sharif after the show, who impressed upon me the significance of the event organised by ALC.
“This music and this art form is very important,” she said.
“Not everything has to be for a commercial benefit. We have to safeguard the arts and I am glad there are organisations out there that can invest in putting these shows together because of its importance to Arabic culture.”
Spanish flamenco great Maria Pages also has the emirate to thank for rejuvenating a traditional art form.
Her latest Abu Dhabi Festival co-commissioned show, De Scheherazade a Yo, Carmen, sold out its run in Barcelona’s Teatre del Liceu in May.
More than the scintillating footwork by the dancer, the show elegantly displayed the influence of Arab civilisation on flamenco.
It was an aspect the show's Moroccan-Spanish playwright and lyricist El Arbi El Harti wanted to highlight.
“It is very dynamic because you have the Arabs who remained in the Spanish peninsula after their expulsion by the Catholic Spanish kings,” he told me inside the grand venue.
“They found themselves among the Spanish rural communities and it is their mix of high Arabic culture with the popular rural Spanish class that saw the arts in Spain evolve.
“I can say without doubt that the evolution of flamenco has an Arabic influence fundamentally.”
Closer to home, the Abrahamic Family House, an interfaith complex being built on Saadiyat Island in Abu Dhabi, inspired an orchestral work, Symphony of Three: Peace, Love, Tolerance, celebrating the values unifying the three Abrahamic faiths — Islam, Judaism and Christianity.
Also commissioned and produced by the festival, more than 350 artists were involved in the recording process led by Emirati co-composer Ihab Darwish.
One of the talents involved was South African singer Lebo M.
A darling of Hollywood through his contributions to film soundtracks, including The Power of One (1992) and the 1994 Disney film The Lion King, he expressed gratitude for being involved in a momentous project in line with his spirituality.
These moments form only part of Abu Dhabi’s rich musical history dating back to the UAE’s formation.
This was highlighted last month in a concert by Egyptian singer Marwa Nagy in Cairo.
Arranged by the ALC, she performed a selection of the songs fellow Egyptian Umm Kulthum sang in Abu Dhabi as part of a 1971 show marking UAE National Day.
Prior to Nagy taking the stage, the audience listened to an excerpt from the official invitation addressed to Umm Kulthum by Sheikh Zayed.
It all proves that Abu Dhabi's stature as a City of Music is a confirmation of what Emiratis and residents already know.
“Abu Dhabi began its great story with beautiful music,” ALC executive director Saeed Al Tunaiji said.
“And it’s a soundtrack that will continue to play for a long time to come.”
MATCH INFO
FA Cup final
Chelsea 1
Hazard (22' pen)
Manchester United 0
Man of the match: Eden Hazard (Chelsea)
Fixtures:
Thursday:
Hatta v Al Jazira, 4.55pm
Al Wasl v Dibba, 7.45pm
Friday:
Al Dhafra v Al Nasr, 5.05pm
Shabab Al Ahli Dubai v Al Wahda, 7.45pm
Saturday:
Ajman v Emirates, 4.55pm
Al Ain v Sharjah, 7.45pm
THE CLOWN OF GAZA
Director: Abdulrahman Sabbah
Starring: Alaa Meqdad
Rating: 4/5
Indika
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Meydan Racecourse racecard:
6.30pm: The Madjani Stakes Listed (PA) | Dh175,000 | 1,900m
7.05pm: Maiden for 2-year-old fillies (TB) | Dh165,000 | 1,400m
7.40pm: The Dubai Creek Mile Listed (TB) | Dh265,000 | 1,600m
8.15pm: Maiden for 2-year-old colts (TB) | Dh165,000 | 1,600m
8.50pm: The Entisar Listed (TB) | Dh265,000 | 2,000m
9.25pm: Handicap (TB) | Dh190,000 | 1,200m
10pm: Handicap (TB) | Dh190,000 | 1,600m.
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.”
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
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The Bio
Favourite place in UAE: Al Rams pearling village
What one book should everyone read: Any book written before electricity was invented. When a writer willingly worked under candlelight, you know he/she had a real passion for their craft
Your favourite type of pearl: All of them. No pearl looks the same and each carries its own unique characteristics, like humans
Best time to swim in the sea: When there is enough light to see beneath the surface