Jamal Habroush Al Suwaidi, who was born in Ajman, primarily creates abstract metal sculptures that take inspiration from his country's landscape and Arabic calligraphy – the two themes that define the 45-year-old Emirati as an artist. We catch up with him about his art, influences and a recurring subject in his works – love.
Your work is mostly sculptural – would you describe yourself as a sculptor?
I describe myself as an artist. I started like any artist, by using and discovering different materials and techniques, and I used to paint landscapes on canvas and practise photography. However, with time, I found myself more attracted to sculpture, because working with three dimensions is more rewarding for me as an artist.
Why do you choose to work mostly with metal?
Metal means a lot to me because of its nobility. I work with bronze, which has a very important place in the history of art – it was one of the first alloy materials that man worked with. By choosing to use bronze, I feel that I am following a tradition that goes back thousands of years.
I also work with stainless steel, which acts like a bridge between the classical and the contemporary pieces of art that I have made during my career. I also like using this material because of its reflection and clarity.
Do you take inspiration from other artists?
My first inspiration in sculpture comes from the work of an American-Japanese artist and landscape architect named Isamu Noguchi. I like the fact he makes public sculptures, and his connection to Abstract Expressionism. Robert Indiana is also one of my favourite artists. His work is successful because of his use of colour, form and simplicity, and he inspired me, especially with my latest work, Love-Red, made of fibreglass.
You have created several works titled Love. Are they inspired by those artists' work?
Yes, I was inspired by Indiana's iconic sculpture titled Love, which currently stands near Central Park, in Manhattan, New York. In my sculpture named Love-Red, the inspiration by Robert Indiana is present in the colours I chose and the subject, but not in the form. Love here is translated into Arabic [as hobb], which is my native language. Here I finally arrived to combine a pop-art piece with Arabic calligraphy letters.
In your artist statement you say you are inspired by the natural world of the UAE – the sea, deserts, mountains – yet your work is mostly calligraphic. How do you combine the two influences?
When I was a student, I dreamt of creating art that highlights our rich cultural history, and now, for my art, I like combining Arabic calligraphy letters with the forms from the nature of my country. For example, I can make a sculpture that uses the word for sea and has the movement of waves. Another one of my works, Ambition, represents a falcon on a stand – the stand is made of the Arabic letters for the word "ambition".
You have witnessed massive changes in the UAE’s art scene. What is the best thing about these changes and how have they helped to further your career?
Now we have a lot of galleries that represent a varied selection of artists from all around the world, and the eclectic spaces they have are very important for the art scene in the UAE. All of this helps collectors to find what they like, as well as for the artists to develop their artistic careers by taking inspiration from each other.
Are you represented by a gallery?
Yes, I’m represented by ProArt [in Dubai]. It’s an amazing gallery that specialises in modern and contemporary art and has a great collection of artists, both established and emerging. They are also professional art advisers, which I find very useful for my career.
• Visit jamalalsuwaidi.com
aseaman@thenational.ae
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.”
If you go:
The flights: Etihad, Emirates, British Airways and Virgin all fly from the UAE to London from Dh2,700 return, including taxes
The tours: The Tour for Muggles usually runs several times a day, lasts about two-and-a-half hours and costs £14 (Dh67)
Harry Potter and the Cursed Child is on now at the Palace Theatre. Tickets need booking significantly in advance
Entrance to the Harry Potter exhibition at the House of MinaLima is free
The hotel: The grand, 1909-built Strand Palace Hotel is in a handy location near the Theatre District and several of the key Harry Potter filming and inspiration sites. The family rooms are spacious, with sofa beds that can accommodate children, and wooden shutters that keep out the light at night. Rooms cost from £170 (Dh808).
Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
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The alternatives
• Founded in 2014, Telr is a payment aggregator and gateway with an office in Silicon Oasis. It’s e-commerce entry plan costs Dh349 monthly (plus VAT). QR codes direct customers to an online payment page and merchants can generate payments through messaging apps.
• Business Bay’s Pallapay claims 40,000-plus active merchants who can invoice customers and receive payment by card. Fees range from 1.99 per cent plus Dh1 per transaction depending on payment method and location, such as online or via UAE mobile.
• Tap started in May 2013 in Kuwait, allowing Middle East businesses to bill, accept, receive and make payments online “easier, faster and smoother” via goSell and goCollect. It supports more than 10,000 merchants. Monthly fees range from US$65-100, plus card charges of 2.75-3.75 per cent and Dh1.2 per sale.
• 2checkout’s “all-in-one payment gateway and merchant account” accepts payments in 200-plus markets for 2.4-3.9 per cent, plus a Dh1.2-Dh1.8 currency conversion charge. The US provider processes online shop and mobile transactions and has 17,000-plus active digital commerce users.
• PayPal is probably the best-known online goods payment method - usually used for eBay purchases - but can be used to receive funds, providing everyone’s signed up. Costs from 2.9 per cent plus Dh1.2 per transaction.
Game Changer
Director: Shankar
Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram
Rating: 2/5