Abu Dhabi Art 2024 is in full swing, bringing collections from more than 100 galleries from across the region and the world.
Running at Manarat Al Saadiyat until Sunday, the fair showcases a diverse set of works from emerging and established artists as well as important figures in the Arab art world.
From hyper-surrealist sculptures to orientalist portraits and dramatic wall tapestries, here are The National’s 10 must-see works at this year’s fair.
Hannon au pays de la soif (Hannon in the Land of Thirst) by Louis Barthelemy, Bousnina Gallery (2024)
Created by the artist in partnership with the Tili Tanit workshop in Mahdia, Tunisia, this richly textured wall tapestry depicts a vivid scene full of art historical references.
Using materials such as camel wool, plastic, bronze thread and traditional embroidery the viewer is confronted with a tragic scene of sub-Saharan migrants crossing the desert. From migrants marching across the plains, some collapsing and others barely able to walk, to a dead lion placed in the focal point of the composition and military drones capturing the scene, French artist Louis Barthelemy was interested in exploring themes of migration, survival, and disillusionment that directly contrast the idealised and romantic notions of the sub-Saharan desert.
Aside from the vivid scene, dramatic composition and wonderful use of colours, the work also combines Tunisia’s textile heritage with powerful contemporary themes.
Jerusalem by Nabil Anani, Zaweyah Gallery (2024)
Nabil Anani was a founder of the contemporary Palestinian art movement where his work with the subject of the Palestinian landscape is always depicted free of disruptions, borders and settlements.
His work Jerusalem is exemplary, which depicts this idealised notion of his homeland, a vision for a peaceful and harmonious future. This utopian view of Jerusalem is painted with a blend of memory and imagination where the city is free of the realities of the occupation. Anani’s use of flat spaces, a brighter colour palate and different textures gives the work a vibrant energy bursting with life.
Chipped Grain by Jeremy Fung, SC Gallery (2020)
A piece that is both bold and filled with detail, Hong Kong artist Jeremy Fung’s work has a powerful presence.
The painted and woodcut technique depicts various symbols representing emotions, experiences or states of existence. The work consists of several layers of wood, which allows for different textures and marks he’s made on the material to come through contrasted against the other smoother areas. This relationship, as well as with Fung’s painterly markings, reveals his fluid hand and his spontaneous creative process.
His intuitive approach isn’t only part of the process of art making but is also connected to the themes Fung is working with such as existentialism and the soul’s relationship with the world.
Portrait of an Egyptian Girl by Franz Xaver Kosler, Ary Jan Gallery (1890s)
Franz Xaver Kosler was an Austrian painter known for his Orientalist portraits and genre scenes, which he painted in Egypt and the Balkans.
His portraits were often painted in soft tones and intimate compositions. In this small portrait, the face of a young Egyptian woman is contrasted against a neutral background allowing the viewer to observe the beautiful details of her expression and dress revealing Kosler’s masterful hand and his ability to render not only colour and light but the spirit of his sitter.
Transporters 2024 by Ertugrul Gungor and Faruk Ertekin, Anna Laudel Gallery (2024)
Transporters 2024, a piece that was specially made for Abu Dhabi Art, is both playful and powerful.
The ceramic glazed painting, which includes 18-karat gold details, depicts the vast desert’s red sands where a group of fawns or young deer carry a colossal Iznik vase. The blue and white colour palate is a link back to the history of ceramics and particularly the ancient trade routes between East and West.
The Iznik vase is painted in a floral pattern, a stark contrast to the red dunes in the background, and acts as a symbol of a major theme of the work – cultural exchange.
Net-Grid (Red Emma) by Mandy El-Sayegh, Lawrie Shabibi Gallery (2024)
Part of Chinese-Palestinian artist Mandy El-Sayegh’s Net-Grid series, these works overlay silkscreen prints, personal memorabilia, found objects and linguistic elements with hand-painted grids.
The work is mesmerising, with the viewer discovering layer upon layer of material and meaning with the painted grids that hold the composition together turns the piece into a while but also emphasises the concept of fragility and incompleteness.
The series continues El-Sayegh’s interest and examination of how social, cultural and political conventions are formed and deconstructed in the contemporary world.
Woman Among Deer and Doves by Aly Ben Salem, El Marsa Gallery (1950s)
El Marsa gallery’s booth at the fair is dedicated to the work of the pioneering Tunisian painter Aly Ben Salem. This piece, Woman Among Deer and Doves, displays his unique style that was influenced by traditional Tunisian craft, Persian miniatures and Fauvism.
Meticulously rendered, with stunning detail, a profound use of colour and lively compositions this work is feminine, bold, symbolic and imaginative.
Daughter of Abd-el Rassoul by Mohammed Naghi, Arab Presences exhibition (1939)
From the influential Egyptian artist and cultural figure Mohammed Naghi comes this stunning portrait of a woman simply known as the Daughter of Abd-el Rassoul. Part of the Arab Presences: Modern Art and Decolonisation, Paris 1908-1988 – Farjam Collection Close-Up exhibition at the fair, this work is accompanied by up to 50 artworks from the Farjam Collection, including works by modern masters and pioneers.
Naghi was a prominent member of Al-Ruwwad, the first generation of Egyptian modern artists, and played a key role in shaping Egypt's art scene and cultural institutions. While he was influenced by a number of European art movements such as impressionism, Fauvism and cubism, his work was also a celebration of Egyptian cultural heritage and incorporated themes from ancient Egyptian iconography.
Bu-Darya: A Ripple from 1991 by Jasem Alsanea, Gallery Bawa (2024)
In this hyper-surrealist sculpture, Kuwaiti artist Jasem Alsanea creates a work that draws from the Khaleeji myth of Bu-Daryah, a half-human half-amphibian creature who preyed on sailors, and his country’s history in pearl diving and the modern oil economy.
With oil oozing out of Bu-Daryah's mouth, the work fuses the myth with the environmental impact and concerns of the oil economy and the 1991 invasion of Iraq into Kuwait, to present concepts and themes around the environment and the effects of war.
Balah by Marawa Najjar, Wadi Finan Art Gallery (2024)
Jordanian artist Marawa Najjar’s painting of a man, perhaps a date farmer, walking through palm trees is an evocative scene of rural life. Her expressive brushstrokes and thick application of paint depict a scene full of light and the slow rhythmic energy of country life in warm weather.
Through the depiction of palm tree farms of the Arabian Peninsula, particularly in the Gulf, the work acts as an exploration of the human experience, celebration and homage to the rich heritage of the region.
She is influenced by the works of the Austrian painter Gustav Klimt and Byzantine iconography of the 15th and 16th centuries, all of which can be seen in her use of gold and silver leaf, particularly on the dates the figure carries.
Abu Dhabi Art runs at Manarat Al Saadiyat until Sunday
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
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
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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.”
Four-day collections of TOH
Day Indian Rs (Dh)
Thursday 500.75 million (25.23m)
Friday 280.25m (14.12m)
Saturday 220.75m (11.21m)
Sunday 170.25m (8.58m)
Total 1.19bn (59.15m)
(Figures in millions, approximate)
Left Bank: Art, Passion and Rebirth of Paris 1940-1950
Agnes Poirer, Bloomsbury
Company profile
Date started: 2015
Founder: John Tsioris and Ioanna Angelidaki
Based: Dubai
Sector: Online grocery delivery
Staff: 200
Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends
GULF MEN'S LEAGUE
Pool A Dubai Hurricanes, Bahrain, Dubai Exiles, Dubai Tigers 2
Pool B Abu Dhabi Harlequins, Jebel Ali Dragons, Dubai Knights Eagles, Dubai Tigers
Opening fixtures
Thursday, December 5
6.40pm, Pitch 8, Abu Dhabi Harlequins v Dubai Knights Eagles
7pm, Pitch 2, Jebel Ali Dragons v Dubai Tigers
7pm, Pitch 4, Dubai Hurricanes v Dubai Exiles
7pm, Pitch 5, Bahrain v Dubai Eagles 2
Recent winners
2018 Dubai Hurricanes
2017 Dubai Exiles
2016 Abu Dhabi Harlequins
2015 Abu Dhabi Harlequins
2014 Abu Dhabi Harlequins
MATCH INFO
Newcastle United 1 (Carroll 82')
Leicester City 2 (Maddison 55', Tielemans 72')
Man of the match James Maddison (Leicester)
Should late investors consider cryptocurrencies?
Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.
They do not usually recommend investing in Bitcoin or other cryptocurrencies due to the risk and volatility associated with them.
“It has produced eye-watering returns for some, whereas others have lost substantially as this has all depended purely on timing and when the buy-in was. If someone still has about 20 to 25 years until retirement, there isn’t any need to take such risks,” Rupert Connor of Abacus Financial Consultant says.
He adds that if a person is interested in owning a business or growing a property portfolio to increase their retirement income, this can be encouraged provided they keep in mind the overall risk profile of these assets.
Liverpool 4-1 Shrewsbury
Liverpool
Gordon (34'), Fabinho (44' pen, 90' 3), Firmino (78')
Shrewsbury
Udoh (27'minutes)
Man of the Match: Kaide Gordon (Liverpool)
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