The Grammy-winning Beninese singer Angélique Kidjo. Dave Kotinsky / Getty Images / AFP
The Grammy-winning Beninese singer Angélique Kidjo. Dave Kotinsky / Getty Images / AFP

Grammy-winning singer Angélique Kidjo in talks for Abu Dhabi concert



Angélique Kidjo, one of the queens of world music, could be coming to the capital early next year. Speaking to The National from the Mawazine Festival in Morocco, the Grammy-winning Beninese singer says talks are under way for an Abu Dhabi show around January. "My team is currently studying the proposal and it's something that I am interested in," says Kidjo. The 53-year-old recently released a new album Eve (a celebration of African women) and the memoir Spirit Rising: My Life, My Music. Kidjo is no stranger to the Gulf, having performed in Bahrain two years ago. "There is no difference with the fans anywhere in the world," she says. "I come to make people dance and as long as they have a heartbeat then they all can and hopefully will." – The National staff

New Ed Sheeran documentary on MTV soon

MTV has announced the debut of its inaugural music-documentary franchise Nine Days and Nights of Ed Sheeran, about the chart-topping British singer and songwriter. The documentary will premiere on June 10 and will also be broadcast around the world. It will portray the 23-year-old singer's journey recording his second album, titled x (pronounced "multiply") and is due out on June 23. Taylor Swift and Pharrell Williams will reportedly make appearances in the 60-minute episode, which offers an insight into the man who has built his career on his own terms, back in his hometown of Framlingham, Suffolk, in England. Sheeran will also be performing his new music publicly for the first time. – The National staff

Brad Pitt recalls attack at Maleficent premiere

Brad Pitt has released a statement about a red-carpet attack that put the Hollywood prankster Vitalii Sediuk behind bars. The 50-year-old actor told People magazine what really happened at the Maleficent premiere in Hollywood on May 28. "I was at the end of the line signing autographs, when out the corner of my eye I saw someone stage-diving over the barrier at me," says Pitt. "I took a step back; this guy had latched onto my lapels. I looked down and ... cracked him twice in the back of the head – not too hard – but enough to get his attention, because he did let go. I think he was then just grabbing for a handhold because the guys were on him and he reached up and caught my glasses." Sediuk, a former Ukrainian television reporter, was sentenced to three years of probation and ordered to stay away from Pitt. Sediuk was arrested at the Cannes International Film Festival last month when he jumped on the red carpet and stuck his head under the actress America Ferrera's dress – The National staff

Comedian David Spade has book due in 2015

There is more to David Spade than the catchphrase "Buh-Bye". Dey Street Books announced on Monday that the actor and comedian is working on a memoir scheduled to come out in autumn 2015. According to Dey Street, an imprint of HarperCollins Publishers, Spade will write about everything from his childhood in Arizona to his friendship with the late comedian Chris Farley, who he co-starred with in Saturday Night Live as well as the movies Tommy Boy (1995) and Black Sheep (1996). – AP

Monty Python swansong in July

Next month, the surviving Monty Python members will reunite at London's O2 Arena for the first time in almost 35 years – and, they say, for the last time. Troupe member Eric Idle assures fans they will get the old favourites – but they are also in for surprises. "I've got one or two up my sleeve that will absolutely freak people out," said Idle, who has taken the lead on assembling the 10 performances at O2 Arena. The Monty Python Live (Mostly) shows will take place between July 1 and July 20, with the final performance beamed live in cinemas worldwide – including hundreds in the United States. More screenings are planned on July 23, 24 and August 6. – AP

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Company%20profile
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The specs

Engine: 3.9-litre twin-turbo V8
Power: 620hp from 5,750-7,500rpm
Torque: 760Nm from 3,000-5,750rpm
Transmission: Eight-speed dual-clutch auto
On sale: Now
Price: From Dh1.05 million ($286,000)

Seemar’s top six for the Dubai World Cup Carnival:

1. Reynaldothewizard
2. North America
3. Raven’s Corner
4. Hawkesbury
5. New Maharajah
6. Secret Ambition

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.”

A State of Passion

Directors: Carol Mansour and Muna Khalidi

Stars: Dr Ghassan Abu-Sittah

Rating: 4/5

SPECS

Engine: Two-litre four-cylinder turbo
Power: 235hp
Torque: 350Nm
Transmission: Nine-speed automatic
Price: From Dh167,500 ($45,000)
On sale: Now

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

Australia squads

ODI: Tim Paine (capt), Aaron Finch (vice-capt), Ashton Agar, Alex Carey, Josh Hazlewood, Travis Head, Nathan Lyon, Glenn Maxwell, Shaun Marsh, Jhye Richardson, Kane Richardson, D’Arcy Short, Billy Stanlake, Marcus Stoinis, Andrew Tye.

T20: Aaron Finch (capt), Alex Carey (vice-capt), Ashton Agar, Travis Head, Nic Maddinson, Glenn Maxwell, Jhye Richardson, Kane Richardson, D’Arcy Short, Billy Stanlake, Marcus Stoinis, Mitchell Swepson, Andrew Tye, Jack Wildermuth.

Points tally

1. Australia 52; 2. New Zealand 44; 3. South Africa 36; 4. Sri Lanka 35; 5. UAE 27; 6. India 27; 7. England 26; 8. Singapore 8; 9. Malaysia 3

Expo details

Expo 2020 Dubai will be the first World Expo to be held in the Middle East, Africa and South Asia

The world fair will run for six months from October 20, 2020 to April 10, 2021.

It is expected to attract 25 million visits

Some 70 per cent visitors are projected to come from outside the UAE, the largest proportion of international visitors in the 167-year history of World Expos.

More than 30,000 volunteers are required for Expo 2020

The site covers a total of 4.38 sqkm, including a 2 sqkm gated area

It is located adjacent to Al Maktoum International Airport in Dubai South

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%3Cul%3E%0A%3Cli%3ENever%20click%20on%20links%20provided%20via%20app%20or%20SMS%2C%20even%20if%20they%20seem%20to%20come%20from%20authorised%20senders%20at%20first%20glance%3C%2Fli%3E%0A%3Cli%3EAlways%20double-check%20the%20authenticity%20of%20websites%3C%2Fli%3E%0A%3Cli%3EEnable%20Two-Factor%20Authentication%20(2FA)%20for%20all%20your%20working%20and%20personal%20services%3C%2Fli%3E%0A%3Cli%3EOnly%20use%20official%20links%20published%20by%20the%20respective%20entity%3C%2Fli%3E%0A%3Cli%3EDouble-check%20the%20web%20addresses%20to%20reduce%20exposure%20to%20fake%20sites%20created%20with%20domain%20names%20containing%20spelling%20errors%3C%2Fli%3E%0A%3C%2Ful%3E%0A
The specs

AT4 Ultimate, as tested

Engine: 6.2-litre V8

Power: 420hp

Torque: 623Nm

Transmission: 10-speed automatic

Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)

On sale: Now

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

Match info

UAE v Bolivia, Friday, 6.25pm, Maktoum bin Rashid Stadium, Dubai