'Queen by Candlelight' will feature some of Queen's biggest hits sung by performers from London's West End. Photo: McDavid Photography
'Queen by Candlelight' will feature some of Queen's biggest hits sung by performers from London's West End. Photo: McDavid Photography
'Queen by Candlelight' will feature some of Queen's biggest hits sung by performers from London's West End. Photo: McDavid Photography
'Queen by Candlelight' will feature some of Queen's biggest hits sung by performers from London's West End. Photo: McDavid Photography

West End performers to bring two family-friendly shows to Dubai's Coca-Cola Arena


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Two new family-friendly shows are coming to Dubai's Coca-Cola Arena on March 5.

The first one, called The Greatest Show, features performers from London's West End who will lead singalongs of the catchiest tunes from everything from Frozen to Moana, as well as the popular film The Greatest Showman. The music will be accompanied by a circus performance, promising a fun-filled afternoon for the entire family.

Then, in the evening, another acclaimed West End show will make its UAE debut for one night only. Queen by Candlelight features music from Queen, one of the biggest rock bands in history. More than 20 hits from the band will be featured, from Bohemian Rhapsody to We Are The Champions and I Want to Break Free.

"The show has sold out at venues across the UK so we are really excited to be bringing it to a Dubai audience on an even bigger scale," said Queen by Candlelight producer Daniel Wood. "The stage will be bathed in candlelight as our stellar cast perform the hits of Queen like you’ve never seen before."

The Greatest Show will start at 1.30pm on Saturday, March 5, with tickets from Dh150. Queen by Candlelight is scheduled to start at 7.30pm the same day, with tickets from Dh75.

Proof of vaccination is not required for these events, but as per Dubai government guidelines, standing is not permitted and those attending must adhere to all Covid-19 protocols.

More information is available at coca-cola-arena.com

What are NFTs?

Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.

You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”

However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.

This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”

This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.

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Brief scores:

Toss: India, opted to field

Australia 158-4 (17 ov)

Maxwell 46, Lynn 37; Kuldeep 2-24

India 169-7 (17 ov)

Dhawan 76, Karthik 30; Zampa 2-22

Result: Australia won by 4 runs by D/L method

UAE currency: the story behind the money in your pockets
Retirement funds heavily invested in equities at a risky time

Pension funds in growing economies in Asia, Latin America and the Middle East have a sharply higher percentage of assets parked in stocks, just at a time when trade tensions threaten to derail markets.

Retirement money managers in 14 geographies now allocate 40 per cent of their assets to equities, an 8 percentage-point climb over the past five years, according to a Mercer survey released last week that canvassed government, corporate and mandatory pension funds with almost $5 trillion in assets under management. That compares with about 25 per cent for pension funds in Europe.

The escalating trade spat between the US and China has heightened fears that stocks are ripe for a downturn. With tensions mounting and outcomes driven more by politics than economics, the S&P 500 Index will be on course for a “full-scale bear market” without Federal Reserve interest-rate cuts, Citigroup’s global macro strategy team said earlier this week.

The increased allocation to equities by growth-market pension funds has come at the expense of fixed-income investments, which declined 11 percentage points over the five years, according to the survey.

Hong Kong funds have the highest exposure to equities at 66 per cent, although that’s been relatively stable over the period. Japan’s equity allocation jumped 13 percentage points while South Korea’s increased 8 percentage points.

The money managers are also directing a higher portion of their funds to assets outside of their home countries. On average, foreign stocks now account for 49 per cent of respondents’ equity investments, 4 percentage points higher than five years ago, while foreign fixed-income exposure climbed 7 percentage points to 23 per cent. Funds in Japan, South Korea, Malaysia and Taiwan are among those seeking greater diversification in stocks and fixed income.

• Bloomberg

Company Profile

Company name: Yeepeey

Started: Soft launch in November, 2020

Founders: Sagar Chandiramani, Jatin Sharma and Monish Chandiramani

Based: Dubai

Industry: E-grocery

Initial investment: $150,000

Future plan: Raise $1.5m and enter Saudi Arabia next year

The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
Lexus LX700h specs

Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

Torque: 790Nm from 2,000-3,600rpm

Transmission: 10-speed auto

Fuel consumption: 11.7L/100km

On sale: Now

Price: From Dh590,000

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
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Updated: January 25, 2022, 1:46 PM`