With just three days to go before their sell-out show in Dubai, One Direction fever is at an all-time high as we await the imminent arrival of the boys for the final show of the current leg of their On the Road Again tour. While we know the band are more than capable of delivering a rousing performance – even now that they are down to four members following the shock departure of Zayn Malik last week – we spoke to Thomas Ovesen, the chief executive of the promoter Done Events, about the things the lads won’t be getting up to during their stay.
No after-party
There is no official One Direction after-party planned, so don’t fall victim to any opportunistic promoters trying to lure you into their nightspot with the prospect of seeing Niall Horan spinning the decks. Besides, if that was to actually happen, it would be a rather surreal experience, with half of the fans barred from entering the venue due to being underage, while the other, older, half inside wouldn’t dare show their 1D love for fear of losing what’s left of their clubbing cred.
No meet and greets
It’s the rumour that refuses to die. Ever since tickets went on sale last year, there has been chatter that the boys, being the nice, friendly folk that they are, would indulge in a few meet and greets with their most devoted fans. Some of these rumours included mythical, Willy Wonka-style “golden tickets” that could apparently be obtained from secret industry sources at astronomical prices. Sadly, like Santa, or indeed, Willy Wonka, there was no such thing and, unlike Justin Bieber, One Direction will not be doing any meet and greets. “That’s not happening, I can assure you,” Ovesen says. “If any-one else is saying that, I would love to know so I can send my lawyers to them with a desist note because that is not correct.”
He said the boys want to rest up in Dubai “to deliver the best possible show”.
No sightseeing with Zayn Malik
The only plus side of Zayn Malik leaving the band before their Dubai debut was the fact we had nine days to adjust. OK, it’s not much of a silver lining, but spare a thought for the poor One Directioners in South Africa who found out about Malik’s treachery – sorry, I mean departure so that he could be a “normal 22-year-old” – only a day before 1D landed in the country. Judging from those South African shows, the boys wasted no time in moving forward and beginning a new chapter as a four-piece. Malik has been removed from the video montages, while Niall Horan and Louis Tomlinson have picked up his share of the vocals.
No press conference
This one will elicit huge groans from the regional media. At present, One Direction will not be talking to journalists at any time during their Dubai stay. “They said on this tour they want to just focus on their performance,” Ovesen says. “You have to understand that on this tour they are on stage for nearly two hours and they want to finish this tour with a blast.”
No additional tickets
Take a deep breath, as this is going to hurt. While there is some history of UAE events declaring a sell-out, only to have hundreds of tickets mysteriously appear on the day of the show, Ovesen says he means it when he says there are no more tickets for this one. He also has a warning for those who might be tempted to try to get into the event illegally without a ticket. “No new tickets will be released into the market,” he says. “There will be lots of police around, CCTV and controls at the door – so whatever you are thinking of doing, it is simply not going to work.”
Oh, and there is also no chance of a last-minute addition of a second Dubai gig – “This is the last show of the tour,” Ovesen says, emphatically.
No local supporting act
It would be a thankless task. Who would actually want that slot? “I mean, what kind of support act would want to go on stage in front of more than 30,000 people who are all thinking: ‘When are One Direction coming on?’” says Ovesen. “I don’t know many supporting acts that would enjoy that experience very much.” There are also health reasons too – with no support act, the waiting time for young fans will be limited. That said, Ovesen says early arrivals will not be “just standing around” and entertainment is being planned to pass the time before the big show.
And now the good news:
Yes, the boys will be on time
It is understandable to be a bit cynical about the 8pm starting time on Saturday, April 4 after Justin Bieber was nearly three hours late for both of his Dubai shows and Rihanna strolled onto stage 90 minutes late in Abu Dhabi. One Direction are cut from a different cloth, however, and pride themselves on being on time.
Yes, you can bring your selfie stick
There is a growing industry movement against selfie sticks at gigs, with many major European music venues banning them. One Direction fans don’t have to worry, Done Events’ Thomas Ovesen says, they don’t have such a policy. “My personal view is the show is best enjoyed when you are facing the stage and not with your back to it because you need to take a selfie,” Ovesen says. “I think it’s kind of ridiculous and it takes a lot of space in your pocket – but I also appreciate that a lot of people enjoy capturing their favourite memories in selfies.”
One Direction will perform at The Sevens Stadium Dubai on Saturday, April 4. Doors open at 4pm and the show begins at 8pm. Tickets are sold out. For more details, visit www.doneevents.com
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.”
Cryopreservation: A timeline
- Keyhole surgery under general anaesthetic
- Ovarian tissue surgically removed
- Tissue processed in a high-tech facility
- Tissue re-implanted at a time of the patient’s choosing
- Full hormone production regained within 4-6 months
Other workplace saving schemes
- The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
- Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
- National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
- In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
- Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
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PROFILE OF INVYGO
Started: 2018
Founders: Eslam Hussein and Pulkit Ganjoo
Based: Dubai
Sector: Transport
Size: 9 employees
Investment: $1,275,000
Investors: Class 5 Global, Equitrust, Gulf Islamic Investments, Kairos K50 and William Zeqiri
SUZUME
%3Cp%3EDirector%3A%20Makoto%20Shinkai%3C%2Fp%3E%0A%3Cp%3EStars%3A%20Nanoka%20Hara%2C%20Hokuto%20Matsumura%2C%20Eri%20Fukatsu%3C%2Fp%3E%0A%3Cp%3ERating%3A%204%2F5%3C%2Fp%3E%0A
MATCH INFO
Kolkata Knight Riders 245/6 (20 ovs)
Kings XI Punjab 214/8 (20 ovs)
Kolkata won by 31 runs
COMPANY%20PROFILE%20
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Game Changer
Director: Shankar
Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram
Rating: 2/5
The specs
Engine: Direct injection 4-cylinder 1.4-litre
Power: 150hp
Torque: 250Nm
Price: From Dh139,000
On sale: Now
The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
Marathon results
Men:
1. Titus Ekiru(KEN) 2:06:13
2. Alphonce Simbu(TAN) 2:07:50
3. Reuben Kipyego(KEN) 2:08:25
4. Abel Kirui(KEN) 2:08:46
5. Felix Kemutai(KEN) 2:10:48
Women:
1. Judith Korir(KEN) 2:22:30
2. Eunice Chumba(BHR) 2:26:01
3. Immaculate Chemutai(UGA) 2:28:30
4. Abebech Bekele(ETH) 2:29:43
5. Aleksandra Morozova(RUS) 2:33:01
Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5
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If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.
When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.
How to get there: Emirates currently flies from Dubai to Orlando five times a week.
What is tokenisation?
Tokenisation refers to the issuance of a blockchain token, which represents a virtually tradable real, tangible asset. A tokenised asset is easily transferable, offers good liquidity, returns and is easily traded on the secondary markets.
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%3Cp%3EThe%20UAE%20will%20host%20Scotland%20for%20a%20three-match%20T20I%20series%20at%20the%20Dubai%20International%20Stadium%20next%20month.%3Cbr%3EThe%20two%20sides%20will%20start%20their%20Cricket%20World%20Cup%20League%202%20campaigns%20with%20a%20tri-series%20also%20involving%20Canada%2C%20starting%20on%20January%2029.%3Cbr%3EThat%20series%20will%20be%20followed%20by%20a%20bilateral%20T20%20series%20on%20March%2011%2C%2013%20and%2014.%3C%2Fp%3E%0A
The Specs
Price, base Dh379,000
Engine 2.9-litre, twin-turbo V6
Gearbox eight-speed automatic
Power 503bhp
Torque 443Nm
On sale now