Artspace London will house works by Arab artists such as Halim Al Karim.  Courtesy Artspce
Artspace London will house works by Arab artists such as Halim Al Karim. Courtesy Artspce

Dubai art galleries expand and open up in the West



Setting up shop in the UAE can be an attractive move for a western art gallery: you plug into the lucrative regional market and get access to the Middle East's biggest fair, all in a sunny, tax-free sort of way. Artspace, however, one of Dubai's longest-running outfits, is the first to do things the other way round.

Founded in 2003 at the Fairmont hotel before later moving to the Gate Village enclave of galleries in DIFC, Artspace opened a second branch on Wednesday on Milner Street in London's South Kensington borough.

The gallery is positioned close to Knightsbridge, an area popular with many Arab expatriates, indicating that the Artspace managing director, Maliha Al Tabari, is trying to tap into a new market of Middle Eastern buyers. "The Dubai space is still doing well," she says, "but a lot of our clients are Arabs and Iranians who live in London.

"Many of these people are building significant collections and are genuinely switched on to what's happening art-wise across the region. In the UK, not many gallerists focus on Middle Eastern art, so this is going to approach that market on a more intimate scale and really explain to clients our artists' ideas."

Artspace London opens with works by Mohamed Abla, an Egyptian painter whose work is also currently on show in the Dubai venue. The distinction between the two spaces is clear: whereas the UAE exhibition focuses on Abla's nostalgic, almost sentimental line paintings of his close familial bonds in Egypt, the works showing in London are markedly more political. In one work, for instance, we see three men from the Egyptian army linking hands, while around them the crowds in Tahrir Square amass. Elsewhere, there's a graffiti-like mural of scrawlings, found images and phrases - an accumulated history of events in modern Egypt.

"People in London want to see edgier art," Al Tabari says. "For Mohamed Abla, the crowd represents some community. There's a sense of people reuniting across his work; it's still a political conversation but an uplifting one."

Artspace was the subject of a flurry of media attention during Art Dubai in March when works by two of their artists were removed from the gallery's booth by security officials concerned that they could be deemed offensive.

Has the move to London been inspired by this incident? "We support our artists in what they want to show," says Al Tabari, who doesn't want to comment directly on what happened in March. "As a gallerist, you stick to what your artist wants, and not necessarily what sells."

More Dubai-based galleries are heading west in the near future. Ayyam Gallery too is due to open up a London outpost in November.

"Bringing artists to a different environment can certainly be an inspiration to them," says Al Tabari. "Also, our job as a gallery is to push our artists to branch out and be seen outside the region. If you're not participating in many art fairs internationally then I recommend opening a space in another part of the world. It really is a case of this or that."

My Family by Mohamed Abla continues at Artspace in Building 3, Gate Village, DIFC, Dubai until May 31. For more information on the new London space, visit www.artspace-dubai.com

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Scoreline

Abu Dhabi Harlequins 17

Jebel Ali Dragons 20

Harlequins Tries: Kinivilliame, Stevenson; Cons: Stevenson 2; Pen: Stevenson

Dragons Tries: Naisau, Fourie; Cons: Love 2; Pens: Love 2

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.”

Banned items
Dubai Police has also issued a list of banned items at the ground on Sunday. These include:
  • Drones
  • Animals
  • Fireworks/ flares
  • Radios or power banks
  • Laser pointers
  • Glass
  • Selfie sticks/ umbrellas
  • Sharp objects
  • Political flags or banners
  • Bikes, skateboards or scooters
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Dr Afridi's warning signs of digital addiction

Spending an excessive amount of time on the phone.

Neglecting personal, social, or academic responsibilities.

Losing interest in other activities or hobbies that were once enjoyed.

Having withdrawal symptoms like feeling anxious, restless, or upset when the technology is not available.

Experiencing sleep disturbances or changes in sleep patterns.

What are the guidelines?

Under 18 months: Avoid screen time altogether, except for video chatting with family.

Aged 18-24 months: If screens are introduced, it should be high-quality content watched with a caregiver to help the child understand what they are seeing.

Aged 2-5 years: Limit to one-hour per day of high-quality programming, with co-viewing whenever possible.

Aged 6-12 years: Set consistent limits on screen time to ensure it does not interfere with sleep, physical activity, or social interactions.

Teenagers: Encourage a balanced approach – screens should not replace sleep, exercise, or face-to-face socialisation.

Source: American Paediatric Association
How does ToTok work?

The calling app is available to download on Google Play and Apple App Store

To successfully install ToTok, users are asked to enter their phone number and then create a nickname.

The app then gives users the option add their existing phone contacts, allowing them to immediately contact people also using the application by video or voice call or via message.

Users can also invite other contacts to download ToTok to allow them to make contact through the app.

 

Arabian Gulf Cup FINAL

Al Nasr 2

(Negredo 1, Tozo 50)

Shabab Al Ahli 1

(Jaber 13)

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Analysis

Members of Syria's Alawite minority community face threat in their heartland after one of the deadliest days in country’s recent history. Read more

A State of Passion

Directors: Carol Mansour and Muna Khalidi

Stars: Dr Ghassan Abu-Sittah

Rating: 4/5

How to wear a kandura

Dos

  • Wear the right fabric for the right season and occasion 
  • Always ask for the dress code if you don’t know
  • Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work 
  • Wear 100 per cent cotton under the kandura as most fabrics are polyester

Don’ts 

  • Wear hamdania for work, always wear a ghutra and agal 
  • Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
Europe’s rearming plan
  • Suspend strict budget rules to allow member countries to step up defence spending
  • Create new "instrument" providing €150 billion of loans to member countries for defence investment
  • Use the existing EU budget to direct more funds towards defence-related investment
  • Engage the bloc's European Investment Bank to drop limits on lending to defence firms
  • Create a savings and investments union to help companies access capital