Dua Lipa, who won one award, performs at the awards. REUTERS/Hannah McKay

The 1975, Calvin Harris, Dua Lipa are winners at Brit Awards



Pop-rockers The 1975, DJ Calvin Harris and singer-songwriter Dua Lipa won major prizes at the UK music industry’s Brit Awards on Wednesday during a slick, surprise-free ceremony that set out to celebrate female talent after past allegations of neglect.

Manchester quartet The 1975 was named best British group and also took British album of the year for A Brief Inquiry into Online Relationships.

Harris was named producer of the year, while his UK chart-topping collaboration with Lipa, One Kiss, was declared best British single.

Women dominated this year’s nominations — outnumbering men for only the second time in the Brits’ four-decade history — after past criticism that the Brits have failed to reflect the diversity of British music.

Lipa — who won two Grammy awards earlier this month — and singer-songwriter Anne-Marie started the night with a field-leading four nominations each. Lipa received one award while Anne-Marie went home empty-handed.

Singer Paloma Faith, who slammed the dearth of female performers at last year’s Brits ceremony, said she was glad to see a better gender balance represented this time around.

“I know I made quite a lot of people uncomfortable saying that, but now it’s been rectified, so I don’t care,” she said.

This year’s show included performances by female acts including Lipa, soulful singer Jorja Smith, Jess Glynne, girl group Little Mix and Pink.

Amid the blossoming of the #MeToo movement, many attendees wore white roses to the 2018 show to symbolise the fight against sexual harassment, discrimination and assault. The number of women nominated and performing this year was a sign of the UK music industry’s desire to change.

But the issue still cast a shadow. The 1975 singer Matty Healy used his best British band acceptance speech to quote music journalist Laura Snapes, who has written that women who call out male musicians’ misogyny are treated as “hysterics who don’t understand art.”

Snapes made the observation in 2015 and used it again this week after several women accused American singer-songwriter Ryan Adams of sexual misconduct.

Healy’s speech was as edgy as things got.

The ceremony opened with a high-voltage performance from The Greatest Showman star Hugh Jackman. A silver-spangled Jackman and dozens of dancers performed the title song from the hit movie musical to kick off the awards show at London’s O2 Arena.

The studiously inoffensive tone of the speeches was set by singer-songwriter George Ezra, who took the prize for British male solo artist.

“There’s a load of people I have to thank,” he said, then added: “I’m not going to name anybody” in case he forgot someone.

The ceremony’s’ host, comedian Jack Whitehall, poked fun at Ezra’s nice-guy image, dubbing him “the Prius of pop” — dull and reliable.

Jorja Smith was named female British artist of the year. The British breakthrough act award went to singer-songwriter Tom Walker, who gave a shout out “to my Gran who’s watching somewhere on telly!”

The event was a cosily UK-centric affair, with few of the nominated international acts in attendance. International group winner The Carters — husband-and-wife duo Beyonce and Jay Z — sent a video message recorded in front of a portrait of Meghan, Duchess of Cambridge wearing a crown.

Drake, the international male victor, and international female winner Ariana Grande also sent thanks by video.

Most winners at the Brits are chosen by a ballot of music-industry members. Several are selected by public vote, including video of the year, which Little Mix won for Woman Like Me.

Other performers included The 1975 and an ad hoc British supergroup featuring Rag ‘n’ Bone Man, Dua Lipa, Sam Smith and Calvin Harris.

Pink received the award for outstanding contribution to music.

“It’s been an awesome 20 years. Here’s to 20 more,” said the American singer-songwriter.

Pink closed the show with a performance of several of her best-known songs, including Just Give Me a Reason and the protest anthem What About Us? — ending with a defiant raised-fist gesture.

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Man of the match Son Heung-min (Tottenham)

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COMPANY PROFILE

Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed 

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Stars:Robert Pattinson

Director:Matt Reeves

Rating: 5/5

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Director: M Night Shyamalan

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Friday (all kick-offs UAE time)

Hertha Berlin v Union Berlin (10.30pm)

Saturday

Freiburg v Werder Bremen (5.30pm)

Paderborn v Hoffenheim (5.30pm)

Wolfsburg v Borussia Dortmund (5.30pm)

Borussia Monchengladbach v Bayer Leverkusen (5.30pm)

Bayern Munich v Eintracht Frankfurt (5.30pm)

Sunday

Schalke v Augsburg (3.30pm)

Mainz v RB Leipzig (5.30pm)

Cologne v Fortuna Dusseldorf (8pm)

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.”

Thank You for Banking with Us

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COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

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yallacompare profile

Date of launch: 2014

Founder: Jon Richards, founder and chief executive; Samer Chebab, co-founder and chief operating officer, and Jonathan Rawlings, co-founder and chief financial officer

Based: Media City, Dubai 

Sector: Financial services

Size: 120 employees

Investors: 2014: $500,000 in a seed round led by Mulverhill Associates; 2015: $3m in Series A funding led by STC Ventures (managed by Iris Capital), Wamda and Dubai Silicon Oasis Authority; 2019: $8m in Series B funding with the same investors as Series A along with Precinct Partners, Saned and Argo Ventures (the VC arm of multinational insurer Argo Group)

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