The Instant Expert: Go ahead and cry for Evita



THE BASICS María Eva Duarte de Perón was the second wife of the Argentine President Juan Perón (1895-1974) and served as his wildly popular First Lady from 1946 until her death in 1952. She was commonly referred to as just Eva Perón, or by the affectionate Spanish nickname Evita. "Don't cry for me, Argentina," she may - or, more likely, may not - have urged.

THE HUMBLE BEGINNINGS A small-town girl made good, María Eva was born out of wedlock to Juan Duarte and Juana Ibarguren in the rural village of Los Toldos. Her father's death left the family impoverished, and they moved to the larger town of Junín. Evita, as she then was beginning to be called, left school and went to Buenos Aires to try to become a movie star. She got a few small parts and finally landed a job at one of the largest radio stations in the capital.

THE COLONEL Eva met Colonel Perón on January 22, 1944, at a benefit for earthquake victims he organised when he was secretary of labour and social welfare. He was 48, she 24, and it was love at first sight; the biographers Marysa Navarro and Nicholas Fraser say the two left together at two in the morning, and that she was soon living with him. They married the next year.

THE QUICK STUDY Perón was elected president in 1946. His eager pupil and wife Eva absorbed knowledge and soon established herself as an important political figure. She championed female suffrage, supported organised labour and founded and ran both the charitable Eva Perón Foundation and the nation's first large-scale female political party, the Female Peronist Party.

HER PEOPLE Eva worked tirelessly on behalf of the lower classes. She reached out to the descamisados (the shirtless ones). The wage increases she obtained for them brought overwhelming political support for her husband - and nationwide adoration for herself.

A HISTORIC DATE On August 22, 1951, two million people turned out for a labour rally called Cabildo abierto. (The name echoed the first Argentine town hall of the May Revolution, in 1810.) The Peróns spoke from atop a huge scaffolding. The rally, clamouring for Eva to announce her candidacy for the vice-presidency, is said to have been the largest public display of support in history for a female political figure.

NOT TO BE In early 1950, Evita had fainted and undergone surgery a few days later. Although it was said that she had had an appendectomy, she actually had cervical cancer. A bid for office was not practical in light of her condition, although pressure from her husband, the military and the upper class, who opposed her entering the race, were also factors.

THE END By June 4, 1952, when she rode with her husband in a parade through the capital in celebration of his re-election, Eva could not stand without support. In an official ceremony a few days after Juan Perón's second inauguration, Eva was given the official title of "Spiritual Leader of the Nation". She died on July 26.

SOME FIRSTS The pioneering Eva was the first woman in Argentine public life to wear trousers. In 1947, she made the cover of Time magazine, the first and only time in the periodical's history that a South American first lady appeared alone there. The cover story also marked the first time a publication mentioned that Eva had been born out of wedlock.

A PROVOCATIVE SPECULATION Imagine Eva and Britain's Margaret Thatcher going at it – handbags at dawn – over the Falkland Islands.

On stage and screen

Among the most prominent of the many artistic depictions of Eva Perón:

EVITA (1979) The Andrew Lloyd Webber-Tim Rice musical began as a concept album with Julie Covington in the title role. Elaine Paige played Evita when the album was adapted into a musical in London's West End. In 1980, Patti LuPone won a Tony Award for her performance on Broadway. Can't get that song out your head now, can you?

EVITA PERÓN (1981) Faye Dunaway and her razor-edged cheekbones starred in this television movie in the same year she memorably chewed up the scenery as Joan Crawford in the film Mommie Dearest.

EVA (1986) Argentine musical made in response to the Lloyd Webber-Rice one, with Nacha Guevara in the leading role.

EVITA (1996) The Lloyd Webber-Rice musical was a natural for film adaptation. Madonna - hardly known for her thespian talents - got the nod and won a Golden Globe Award for the title role. One diva playing another, you know.

EVA PERÓN: THE TRUE STORY (1996) Another Argentine response, starring Esther Goris. It was the country's Oscar entry in the "Best Foreign Film" category.

Race card

5.30pm: Maiden (TB) Dh82,500 (Turf) 1,400m

6.05pm: Handicap (TB) Dh87,500 (T) 1,400m

6.40pm: Handicap (TB) Dh105,000 (Dirt) 1,400m

7.15pm: Handicap (TB) Dh105,000 (T) 1,200m

7.50pm: Longines Stakes – Conditions (TB) Dh120,00 (D) 1,900m

8.25pm: Zabeel Trophy – Rated Conditions (TB) Dh120,000 (T) 1,600m

9pm: Handicap (TB) Dh105,000 (T) 2,410m

9.35pm: Handicap (TB) Dh92,500 (T) 2,000m

THE BIO

Born: Mukalla, Yemen, 1979

Education: UAE University, Al Ain

Family: Married with two daughters: Asayel, 7, and Sara, 6

Favourite piece of music: Horse Dance by Naseer Shamma

Favourite book: Science and geology

Favourite place to travel to: Washington DC

Best advice you’ve ever been given: If you have a dream, you have to believe it, then you will see it.

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.”

FIGHT CARD

Anthony Joshua v Otto Wallin, 12 rounds, heavyweight

Deontay Wilder v Joseph Parker, 12 rounds, heavyweight

Dmitry Bivol v Lyndon Arthur, 12 rounds, light heavyweight

Daniel Dubois v Jarrell Miller, 12 rounds, heavyweight

Filip Hrgovic v Mark de Mori, 12 rounds, heavyweight 

Arslanbek Makhmudov v Agit Kabayel, 12 rounds, heavyweight 

Frank Sanchez v Junior Fa, 12 rounds, heavyweight 

Jai Opetaia v Ellis Zorro, 12 rounds, cruiserweight

Bridgerton season three - part one

Directors: Various

Starring: Nicola Coughlan, Luke Newton, Jonathan Bailey

Rating: 3/5

The specs: 2018 BMW R nineT Scrambler

Price, base / as tested Dh57,000

Engine 1,170cc air/oil-cooled flat twin four-stroke engine

Transmission Six-speed gearbox

Power 110hp) @ 7,750rpm

Torque 116Nm @ 6,000rpm

Fuel economy, combined 5.3L / 100km

The years Ramadan fell in May

1987

1954

1921

1888

Results

Stage 7:

1. Caleb Ewan (AUS) Lotto Soudal - 3:18:29

2. Sam Bennett (IRL) Deceuninck-QuickStep - same time

3. Phil Bauhaus (GER) Bahrain Victorious

4. Michael Morkov (DEN) Deceuninck-QuickStep

5. Cees Bol (NED) Team DSM

General Classification:

1. Tadej Pogacar (SLO) UAE Team Emirates - 24:00:28

2. Adam Yates (GBR) Ineos Grenadiers - 0:00:35

3. Joao Almeida (POR) Deceuninck-QuickStep - 0:01:02

4. Chris Harper (AUS) Jumbo-Visma - 0:01:42

5. Neilson Powless (USA) EF Education-Nippo - 0:01:45

Company Profile

Company name: Namara
Started: June 2022
Founder: Mohammed Alnamara
Based: Dubai
Sector: Microfinance
Current number of staff: 16
Investment stage: Series A
Investors: Family offices

COMPANY PROFILE

Company: Eco Way
Started: December 2023
Founder: Ivan Kroshnyi
Based: Dubai, UAE
Industry: Electric vehicles
Investors: Bootstrapped with undisclosed funding. Looking to raise funds from outside

THE SPECS

Engine: 3-litre V6

Transmission: eight-speed automatic

Power: 424hp

Torque: 580 Nm

Price: From Dh399,000

On sale: Now

if you go

The flights

Emirates fly direct from Dubai to Houston, Texas, where United have direct flights to Managua. Alternatively, from October, Iberia will offer connections from Madrid, which can be reached by both Etihad from Abu Dhabi and Emirates from Dubai.

The trip

Geodyssey’s (Geodyssey.co.uk) 15-night Nicaragua Odyssey visits the colonial cities of Leon and Granada, lively country villages, the lake island of Ometepe and a stunning array of landscapes, with wildlife, history, creative crafts and more. From Dh18,500 per person, based on two sharing, including transfers and tours but excluding international flights. For more information, visit visitnicaragua.us.

Leaderboard

63 - Mike Lorenzo-Vera (FRA)

64 - Rory McIlroy (NIR)

66 - Jon Rahm (ESP)

67 - Tom Lewis (ENG), Tommy Fleetwood (ENG)

68 - Rafael Cabrera-Bello (ESP), Marcus Kinhult (SWE)

69 - Justin Rose (ENG), Thomas Detry (BEL), Francesco Molinari (ITA), Danny Willett (ENG), Li Haotong (CHN), Matthias Schwab (AUT)

The Specs

Engine: 1.6-litre 4-cylinder petrol
Power: 118hp
Torque: 149Nm
Transmission: Six-speed automatic
Price: From Dh61,500
On sale: Now

Sarfira

Director: Sudha Kongara Prasad

Starring: Akshay Kumar, Radhika Madan, Paresh Rawal

Rating: 2/5


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