From a tour guide who changed careers after the 2011 Egyptian revolution to the Norwegian-born sister-in-law of former UN Secretary General Boutros Boutros-Ghali, the female artists showcasing their work at a new Cairo exhibition have varied backgrounds and artistic styles.
But consultancy Art d’Egypte has brought them together to celebrate a month that includes International Women’s Day on March 8, Egyptian Women’s Day on March 16 and Egyptian Mother’s Day on March 21.
Ma’arad-ha, meaning "her exhibition" in Arabic, includes the pieces of 16 local artists at Kodak Passageway, an open gallery space in downtown Cairo until March 30.
“This exhibition provides an opportunity for Egyptian female artists to display their latest works and creative ideas, and to emphasise that their creative superpowers will always help them fight for the freedom of expression,” says Art d’Egypte founder Nadine Abdel Ghaffar.
Art d’Egypte has previously organised exhibitions showcasing Egyptian contemporary art at heritage sites, including The Egyptian Museum in Tahrir Square, Manial Palace Museum and Muizz Street in Old Cairo.
It is also the organisation behind the exhibition of 10 massive installations of international contemporary artists at the Pyramids of Giza a few months ago.
Last March, Art d’Egypte celebrated the female form in an exhibition called Mu’anath, meaning "femininity" in Arabic, but the 20 artists included both men and women.
I paint freedom, like dancers. I paint lovers. And I paint loneliness. Those are my three themes
Monelle Janho,
artist
“We are a team of all women, so for me this is a very important topic,” Abdel Ghaffar tells The National. “This year we decided to have an all-women exhibition.”
The 16 female exhibitors are: Aliaa El Greidy, Al Shaimaa Darwish, Britt Boutros Ghali, Eman Hussin, Fatma Abou Doma, Hana Afifi, Lina Osama, Marwa Adel, Monelle Janho, Nelly El Sharkawy, Nevine Hamza, Noha Nagui, Nora Baraka, Reem Osama, Rowan Al Dib and Weaam El Masry.
“We have a huge mix, from up-and-coming to established artists,” Abdel Ghaffar said.
The media and techniques used include photography, printmaking, sewing, acrylics, oil, gold leaf, digital collages, video and sculptures.
All of the pieces are for sale, ranging in price from 8,000 Egyptian pounds ($508) to 130,000 pounds ($8,275).
Exhibitor Janho, 56, used to be a French-speaking tour guide until the January 2011 revolution that removed then-president Hosni Mubarak from power and upended the country’s tourism industry.
“Then I left everything and turned to my first love, because I always dreamt of being an artist,” Janho says. “I paint freedom, like dancers. I paint lovers. And I paint loneliness. Those are my three themes."
Janho says she does not feel that Egypt’s art scene is male-dominated, noting the influence of pioneering Egyptian women artists such as Inji Aflatoun and Gazbia Sirry.
“For me personally, I’m not a feminist … but it’s the month of women. So I like the idea of women exhibiting here,” she says.
El Masry, 45, holds a doctorate degree in media art from the Faculty of Applied Arts at Helwan University. In addition to being an award-wining visual artist, she is a professor, curator and gallery owner.
She has more than 70 local and international exhibitions under her belt and was selected to represent Egypt with a media art installation at the Venice Art Biennale opening next month.
At Ma’arad-ha, she displayed three collaged drawings on paper entitled Thin slices, examining feelings around obesity and the female body.
“This work is really feminine, calm and soft and sweet. This one is really aggressive and in pain. My psychological status is really reflected in the outcome of the artwork,” El Masry says.
Some of the other artists’ pieces depict women in numerous forms, from pregnant to faceless and deformed to coquettish, but others examine various themes, such as the interrelation between human beings with nature.
Norwegian Boutros Ghali, who has lived in Cairo for more than 40 years, often paints women using strong and vibrant colours.
In contrast, sculptor Reem Osama’s pieces in bronze seem muted and meditative.
“You feel the feminine touch in the works, and the feminine spirit, the hopes, the desires, the victories,” El Masry says. “Each artist is representing her inner feelings in a different way.”
Ma’arad-ha is open Monday through Saturday, 11am-4pm and 5pm-10pm at Kodak Passageway, 20 Adly Street, Downtown Cairo through March 30. More information at www.artdegypte.org
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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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F1 2020 calendar
March 15 - Australia, Melbourne; March 22 - Bahrain, Sakhir; April 5 - Vietnam, Hanoi; April 19 - China, Shanghai; May 3 - Netherlands, Zandvoort; May 20 - Spain, Barcelona; May 24 - Monaco, Monaco; June 7 - Azerbaijan, Baku; June 14 - Canada, Montreal; June 28 - France, Le Castellet; July 5 - Austria, Spielberg; July 19 - Great Britain, Silverstone; August 2 - Hungary, Budapest; August 30 - Belgium, Spa; September 6 - Italy, Monza; September 20 - Singapore, Singapore; September 27 - Russia, Sochi; October 11 - Japan, Suzuka; October 25 - United States, Austin; November 1 - Mexico City, Mexico City; November 15 - Brazil, Sao Paulo; November 29 - Abu Dhabi, Abu Dhabi.
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25 Evacuation of injured and sick