Abdelmonem bin Eisa Alserkal, who founded Dubai’s Alserkal Avenue, has been named a recipient of this year’s Abu Dhabi Awards, presented under the patronage of President Sheikh Mohamed bin Zayed. The honour, now in its 12th year, recognises those whose work has had a positive impact on the UAE.
Alserkal is widely regarded as a key figure in Dubai’s cultural development. In 2007, he established Alserkal Avenue in Al Quoz, converting a former industrial site into one of the region’s best-known creative districts. The area is now home to more than 100 galleries, studios and cultural businesses, drawing more than two million visitors a year.
It has since expanded into a broader cultural organisation involved in residencies, public art and cultural strategy. Its has staged more than 5,000 public events and collaborations with institutions around the world. More than 50 artists, curators and researchers have taken part in its residency schemes since 2017.
“It is a lifetime honour to receive the Abu Dhabi Award by His Highness Sheikh Mohamed bin Zayed,” Alserkal said. “Alserkal was founded on the belief that culture can transform how we live, turning spaces into communities and ideas into shared purpose.”
Vilma Jurkute, executive director of Alserkal, said the award recognised Alserkal’s long-term support for artists and cultural practitioners. “His vision has created spaces where artists can take risks, experiment and push their practice,” she said.
Alserkal has previously been recognised with the Patron of the Arts Award (2012 and 2013), France’s Ordre des Arts et des Lettres (2023) and the UAE Ministry of Culture’s Medal for Culture and Creativity (2024).
Bob Honey Who Just Do Stuff
By Sean Penn
Simon & Schuster
Why it pays to compare
A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.
Route 1: bank transfer
The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.
Total cost: Dh567.25 - around 2.9 per cent of the total amount
Total received: €4,670.30
Route 2: online platform
The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.
Total cost: Dh74.10, around 0.4 per cent of the transaction
Total received: €4,756
The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.
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