US singer Akon performs during the 14th edition of the music festival Mawazine on June 3, 2015 in Rabat. AFP
US singer Akon performs during the 14th edition of the music festival Mawazine on June 3, 2015 in Rabat. AFP

Mawazine sessions: Akon on working with Tamer Hosny and his love for the UAE



After numerous cases where Akon had to cancel shows in Africa due to the city’s lack of dependable electricity, the 42-year-old had a bright idea.

He founded the Akon Light Africa project, a for-profit initiative to install solar street lamps and solar panels in streets and households across 14 countries. The second phase was launched last month in collaboration with the Solar Academy in the Malian capital of Bamako, where aspiring African engineers and entrepreneurs learn about the benefits of solar power and the panel installation process.

Akon, who was born in a Senegalese village where electricity was scarce, says his work was a way of giving back.

“Solar energy, I feel, is the solution to Africa’s energy crisis because we are blessed with so much of it – it is one of our main resources. Also, by focusing on solar energy, we get to avoid any of the politics of the energy business,” says the singer, who performed at the recent Mawazine festival in Morocco.

“I just feel that anyone who achieved some success should help in their own way. Not many of us are in that position to influence others, and if you are, then you are touched by God. Everybody has choices and I decided that if I was going to make money, then I would do it by helping other ­people.”

Indeed, Akon's success is a case of everyone wins. He is credited for discovering Lady Gaga and promptly signed her up to a joint deal with his record label Kon Live Entertainment – a lucrative move he reportedly described as securing an early retirement. Present pop hitmaker RedOne (the Moroccan-born Nadir Khayat) can also credit Akon for taking his career to the next level after he was enlisted by the singer to work on Gaga's 2008 smash debut The Fame.

Akon says he is proud of discovering a big musical talent such as RedOne from the Arab world.

“I built my career based on helping others build their career, so I always felt blessed either way,” he says. “RedOne is simply the most talented producer that I know. I always knew that he was going to be huge. He is working with me now on my new album.”

Does he mean the album that was supposed to be released in 2010 but has been chronically ­delayed?

Akon explains, saying that the album was pushed back due to the uncertain times facing the record industry five years ago. He is adamant the new tunes will be out later this year.

“It has been a while,” he admits with a laugh. “The album was supposed to come in 2010 with the World Cup but there was a lot of merging going on in the record business and a lot of people lost their jobs. I didn’t want to put out an album with no one to promote it or market it. So I decided to wait until things got better.”

The delay didn't stop Akon working on other artists's songs. A prolific collaborator, his velvety croon can be heard on plenty of international chart hits ranging from French dance king David Guetta (Sexy Chick) and South Korean pop group The Wonder Girls (Like Money) to 2011's Bollywood hit Chammak Challo with Vishal & Shekhar, which featured in the Shah Rukh Khan sci-fi drama Ra.One. Arab pop stars also had a chance to shine alongside him: Lebanese singer Melissa collaborated with Akon on the 2009 track Yalli Naseeni, while Egyptian star Tamer Hosny featured him on last year's dance hit Welcome To The Life.

Akon says to expect more material with Hosny. “We connected in Atlanta where he was in town shooting a video and from the moment we met we felt like we knew each other for years,” he says. “Our collaboration was amazing and we have a new record coming out soon for Tamer’s next movie. I also plan to produce more records with him for sure.”

Another enduring partnership in Akon’s career happens to be with his UAE fans. The singer has been in the country four times over the space of 12 months for all sorts of events, ranging from club performances to his VIP appearance alongside the Kardashians at the opening of the Clé Dubai ­restaurant.

All of which begs the question: does he own a home in the UAE?

“Oh man, I love the UAE,” he beams. “I love going back there and will keep going back until they give me a free pad. I am still waiting for one.”

• Next week, we chat to world music’s next big thing: Brazilian songstress Flavia Coelho

COMPANY%20PROFILE%20
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Election pledges on migration

CDU: "Now is the time to control the German borders and enforce strict border rejections" 

SPD: "Border closures and blanket rejections at internal borders contradict the spirit of a common area of freedom" 

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)
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Milestones on the road to union

1970

October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar. 

December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.

1971

March 1:  Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.

July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.

July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.

August 6:  The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.

August 15: Bahrain becomes independent.

September 3: Qatar becomes independent.

November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.

November 29:  At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.

November 30: Despite  a power sharing agreement, Tehran takes full control of Abu Musa. 

November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties

December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.

December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.

December 9: UAE joins the United Nations.

Napoleon
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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

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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.”

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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 

Nick's journey in numbers

Countries so far: 85

Flights: 149

Steps: 3.78 million

Calories: 220,000

Floors climbed: 2,000

Donations: GPB37,300

Prostate checks: 5

Blisters: 15

Bumps on the head: 2

Dog bites: 1

MATCH INFO

Uefa Champions League quarter-final, second leg (first-leg score):

Manchester City (0) v Tottenham Hotspur (1), Wednesday, 11pm UAE

Match is on BeIN Sports

PRISCILLA
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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

DEADPOOL & WOLVERINE

Starring: Ryan Reynolds, Hugh Jackman, Emma Corrin

Director: Shawn Levy

Rating: 3/5

Rebel%20Moon%20-%20Part%20One%3A%20A%20Child%20of%20Fire
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Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

NO OTHER LAND

Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal

Stars: Basel Adra, Yuval Abraham

Rating: 3.5/5