Scissor Sisters
The New York disco fiends swaggered into the year with an ebullient Yas Island performance. Led by Jake Shears and Ana Matronic, the band played a hit-laden set with the crowd working up a real sweat. – Saeed Saeed
Kasabian, The Sevens Stadium, Dubai; February 10
The lads ditch the subtlety of their albums for a monstrous live sound. Kasabian's performance confirmed their rise from indie darlings to stadium fillers with a loud, brash 90-minute performance heavy on singles and few offerings from their latest release. A cracking show. – Saeed Saeed
Terry Wogan, Al Mamzar Theatre, the Dubai Cultural Scientific Association, Dubai; March 6
It wasn't actually a one-man show but the loveable Irish broadcaster Terry Wogan had the crowd enthralled - and in many cases in stitches - as he recalled numerous anecdotes from his 50-year career. Oh, and he talked about his books, too. – Saeed Saeed
Snow Patrol at Sandance, Nasimi Beach, Atlantis The Palm, Dubai; March 9
The Scottish indie rockers Snow Patrol headlined Sandance's busiest event of the year, but in spite of the chaos from overselling tickets, the massive crowd forgot theirgrumbles over long queues for drinks and toilets and were on their feet for a string of hits, including the uplifting anthems
Chasing Cars
and
Run
. – Sarah Ferguson
Omar Khairat, Burj Steps, Dubai; March 15
Normally a cool performer, the Egyptian maestro couldn't suppress his smile when the Dubai Fountain leapt into action as his ensemble was about to launch into his classic
Yearning
. It was a great moment - an acknowledgement, perhaps, that he fulfilled his goal of bringing classical music to the masses. – Saeed Saeed
Sir Elton John (featuring Ray Cooper), du Arena, Yas Island; March 29
While age robbed John of his signature falsetto years ago, it gifted him with a huskier voice, adding more grit to the bluesy
I Guess that's Why they Call it the Blues
and
Philadelphia Freedom
. The ambitious
Rocket Man
also adopted a more humble approach. With John replacing those unachievable high notes with more a stoic tone, the song somehow became more mournful and elegiac. – Saeed Saeed
La Bayadère
Audiences were charmed by the Semperoper Ballet's luscious rendering of La Bayadère. Set against the colourful backdrop of ancient India, the Dresden-based ballet troupe channelled all the love, intrigue, jealousy and rage of the story into a dynamic performance. – Saeed Saeed
Munni Begum Live, Clover Creek Hotel, Deira, Dubai; April 7
Guests lounged on the floor, propped up against cushions and sipping cups of steaming chai, while Begum, resplendent in a sari and surrounded by her kurta-clad musicians, serenaded the audience for a good two hours. – Ujala Ali Khan
Madonna, du Arena, Yas Island; June 3-4
Madge drew 40,000 fans over two nights at Yas Island. The dark and patchy performance, which saw Madonna settling scores with her inner demons and Lady Gaga, was somewhat rescued towards the end by a swag of jubilant hits, including her anthemic
Like a Prayer
. – Saeed Saeed
Ali Shaheed Muhammad, Casa Latina, Ibis Hotel, Al Barsha, Dubai; September 13
UAE hip-hop lovers rejoiced when Ali Shaheed Muhammad from A Tribe Called Quest spun the decks at the intimate Casa Latina. Muhammad was in great form in a set that included ATCQ hits as well as 1970s soul and funk. – Ujala Ali Khan
Rest Upon the Wind, Emirates Palace Auditorium, Abu Dhabi; October 27 (also at Dubai's Madinat Theatre)
Written by Nadim Sawalhah and produced by Ali Matar, the play was able to capture the essence of The Prophet author Khalil Gibran - the writer, the family man and his inner battles. We also learn how the support and encouragement of one woman compelled Gibran to pen The Prophet, a book that continues to serve many as a manual to life. – Mai El Shoush
Eminem, du Arena, Yas Island; November 4
Eminem's thrilling set at du Arena confirmed his pop phenomenon status and was a great illustration of hip-hop's growth from street corners to stadium-filling spectaculars. The 40-year-old showed his deft command of both the hip-hop and pop worlds with a set full of anthems but enough leeway to display his gritty rap skills. – Saeed Saeed
Stereophonics at Sandance, Nasimi Beach, Atlantis The Palm, Dubai; November 9
Even if it was a warm-up gig for next year's world tour, the Welsh rockers were in fine form with a set packed with hits. By the time the jubilant kiss-off
Dakota
arrived, the crowds were hoarse from singing along. – Sarah Ferguson
Rockstarz featuring Ali Azmat, World Trade Center, Dubai; November 29
Ali Azmat mildly offended VIP guests at his recent Dubai performance (the amusement of the commoners) by calling them VIBs (Very Important Buzzkills) - he told them that having a Dh500 ticket "did not give them the licence to act like buzzkills!" – Ujala Ali Khan
Ahlan Bollywood, featuring Priyanka Chopra, Badia Golf Course, Festival City, Dubai; December 2
Though Salman Khan was also present, Priyanka "Piggy Chops" Chopra stole the show with her grand entrance on a crane that carried her over a sea of her fans. She swooped low enough for them to get a good look at her but high enough to keep well away from "Roman hands and Russian fingers".– Ujala Ali Khan
A MINECRAFT MOVIE
Director: Jared Hess
Starring: Jack Black, Jennifer Coolidge, Jason Momoa
Rating: 3/5
THE SPECS
Engine: 6.75-litre twin-turbocharged V12 petrol engine
Power: 420kW
Torque: 780Nm
Transmission: 8-speed automatic
Price: From Dh1,350,000
On sale: Available for preorder now
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At a glance
Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.
Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year
Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month
Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30
Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse
Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth
Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances
Test
Director: S Sashikanth
Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan
Star rating: 2/5
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
The specs
Engine: Four electric motors, one at each wheel
Power: 579hp
Torque: 859Nm
Transmission: Single-speed automatic
Price: From Dh825,900
On sale: Now
In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
The Great Derangement: Climate Change and the Unthinkable
Amitav Ghosh, University of Chicago Press
THE BIO
Age: 30
Favourite book: The Power of Habit
Favourite quote: "The world is full of good people, if you cannot find one, be one"
Favourite exercise: The snatch
Favourite colour: Blue
The five new places of worship
Church of South Indian Parish
St Andrew's Church Mussaffah branch
St Andrew's Church Al Ain branch
St John's Baptist Church, Ruwais
Church of the Virgin Mary and St Paul the Apostle, Ruwais
The smuggler
Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple.
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.
Khouli conviction
Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.
For sale
A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.
- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico
- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000
- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950
'My Son'
Director: Christian Carion
Starring: James McAvoy, Claire Foy, Tom Cullen, Gary Lewis
Rating: 2/5
Five personal finance podcasts from The National
To help you get started, tune into these Pocketful of Dirham episodes
·
Balance is essential to happiness, health and wealth
·
What is a portfolio stress test?
·
What are NFTs and why are auction houses interested?
·
How gamers are getting rich by earning cryptocurrencies
·
Should you buy or rent a home in the UAE?
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
THE LOWDOWN
Photograph
Rating: 4/5
Produced by: Poetic License Motion Pictures; RSVP Movies
Director: Ritesh Batra
Cast: Nawazuddin Siddiqui, Sanya Malhotra, Farrukh Jaffar, Deepak Chauhan, Vijay Raaz
A cheaper choice
Vanuatu: $130,000
Why on earth pick Vanuatu? Easy. The South Pacific country has no income tax, wealth tax, capital gains or inheritance tax. And in 2015, when it was hit by Cyclone Pam, it signed an agreement with the EU that gave it some serious passport power.
Cost: A minimum investment of $130,000 for a family of up to four, plus $25,000 in fees.
Criteria: Applicants must have a minimum net worth of $250,000. The process take six to eight weeks, after which the investor must travel to Vanuatu or Hong Kong to take the oath of allegiance. Citizenship and passport are normally provided on the same day.
Benefits: No tax, no restrictions on dual citizenship, no requirement to visit or reside to retain a passport. Visa-free access to 129 countries.
Volvo ES90 Specs
Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)
Power: 333hp, 449hp, 680hp
Torque: 480Nm, 670Nm, 870Nm
On sale: Later in 2025 or early 2026, depending on region
Price: Exact regional pricing TBA
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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.”
Blackpink World Tour [Born Pink] In Cinemas
Starring: Rose, Jisoo, Jennie, Lisa
Directors: Min Geun, Oh Yoon-Dong
Rating: 3/5
A State of Passion
Directors: Carol Mansour and Muna Khalidi
Stars: Dr Ghassan Abu-Sittah
Rating: 4/5
T20 World Cup Qualifier A, Muscat
Friday, February 18: 10am - Oman v Nepal, Canada v Philippines; 2pm - Ireland v UAE, Germany v Bahrain
Saturday, February 19: 10am - Oman v Canada, Nepal v Philippines; 2pm - UAE v Germany, Ireland v Bahrain
Monday, February 21: 10am - Ireland v Germany, UAE v Bahrain; 2pm - Nepal v Canada, Oman v Philippines
Tuesday, February 22: 2pm – semi-finals
Thursday, February 24: 2pm – final
UAE squad: Ahmed Raza (captain), Muhammad Waseem, Chirag Suri, Vriitya Aravind, Rohan Mustafa, Kashif Daud, Zahoor Khan, Alishan Sharafu, Raja Akifullah, Karthik Meiyappan, Junaid Siddique, Basil Hameed, Zafar Farid, Mohammed Boota, Mohammed Usman, Rahul Bhatia
All matches to be streamed live on icc.tv
The biog
From: Upper Egypt
Age: 78
Family: a daughter in Egypt; a son in Dubai and his wife, Nabila
Favourite Abu Dhabi activity: walking near to Emirates Palace
Favourite building in Abu Dhabi: Emirates Palace
Business Insights
- As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses.
- SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income.
- Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
On sale: Now
Price: From Dh158,000 (Cooper), Dh168,000 (Aceman), Dh190,000 (Countryman)
