Nervecell’s Barney Ribeiro shares with us his five favourite albums from 2016. Courtesy Nervecell
Nervecell’s Barney Ribeiro shares with us his five favourite albums from 2016. Courtesy Nervecell

My top 5: Nervecell’s Barney Ribeiro best albums of 2016



Barney Ribeiro, founder and guitarist for UAE’s very own metal titans Nervecell, tells us his favourite releases of 2016.

Last year was a tedious one for me working on the new Nervecell record. I tend to cut-off from listening to anything recent when I get into writing mode. However, like any metalhead, if you’ve been into this genre for years you just know there is just no escaping from the metal community. It’s definitely hard to ignore a good new release when all your peers can’t stop talking about it on a daily basis.

Hardwired...To Self-Destruct by Metallica

Metallica basically came out and took over the internet for an entire week when they released their first single and video for Hardwired in mid August. Easily the most shocking album of the year for me by the kings themselves.

Retrogore by Aborted

These guys hail from Belgium and quite honestly (apart from being friends) I have mad respect for them as they are relentless in keeping extreme metal alive and consistent in Europe. Their latest Retrogore is probably the best the band has ever sounded. Get your brutal fix and buy this one.

Sorceress by Opeth

There isn’t much to say about this band that hasn’t been said already. Abandoning all traces of extreme metal and diverging more into prog-rock with their latest release, these guys are probably the best thing to come out of Sweden since Ikea.

Brotherhood of The Snake by Testament

Here is a band who have forever remained consistent in the thrash metal genre and have never put out a bad record to date. Easily the most under rated band in metal for me.

The Madness of Many by Animals As Leaders

Peaceful, heavy, mystical, groovy and artistic in every aspect. Who needs lyrics and vocals when you got phenomenal musicians who can put you in a trance and allows you travel into portals of sounds. These guys never fail to impress. This is what the future sounds like.

sasaeed@thenational.ae

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.”

Lampedusa: Gateway to Europe
Pietro Bartolo and Lidia Tilotta
Quercus

SHAITTAN
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Meydan racecard:

6.30pm: Handicap | US$135,000 (Dirt) | 1,400 metres

7.05pm: Handicap | $135,000 (Turf) | 1,200m

7.40pm: Dubai Millennium Stakes | Group 3 | $200,000 (T) | 2,000m

8.15pm: UAE Oaks | Group 3 | $250,000 (D) | 1,900m

8.50pm: Zabeel Mile | Group 2 | $250,000 (T) | 1,600m

9.20pm: Handicap | $135,000 (T) | 1,600m

Indian construction workers stranded in Ajman with unpaid dues
What are the GCSE grade equivalents?
 
  • Grade 9 = above an A*
  • Grade 8 = between grades A* and A
  • Grade 7 = grade A
  • Grade 6 = just above a grade B
  • Grade 5 = between grades B and C
  • Grade 4 = grade C
  • Grade 3 = between grades D and E
  • Grade 2 = between grades E and F
  • Grade 1 = between grades F and G
Blackpink World Tour [Born Pink] In Cinemas

Starring: Rose, Jisoo, Jennie, Lisa

Directors: Min Geun, Oh Yoon-Dong

Rating: 3/5

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