• 'Final Days' by American artist Kaws is one of two new sculptures at Yas Bay Waterfront. Photo: Yas Bay Waterfront
    'Final Days' by American artist Kaws is one of two new sculptures at Yas Bay Waterfront. Photo: Yas Bay Waterfront
  • 'Flower Parent and Child' by Japanese artist Takashi Murakami joins the growing art collection. Photo: Yas Bay Waterfront
    'Flower Parent and Child' by Japanese artist Takashi Murakami joins the growing art collection. Photo: Yas Bay Waterfront
  • This seated sculpture is one of four 'Astrocat' installations. Photo: Yas Bay Waterfront
    This seated sculpture is one of four 'Astrocat' installations. Photo: Yas Bay Waterfront
  • 'The Emerging Man' features an eight-metre-high head and two hands in the water. Photo: Yas Bay Waterfront
    'The Emerging Man' features an eight-metre-high head and two hands in the water. Photo: Yas Bay Waterfront
  • A standing 'Astrocat' installation by CoolRainLabo. Photo: Yas Bay Waterfront
    A standing 'Astrocat' installation by CoolRainLabo. Photo: Yas Bay Waterfront
  • Visitors taking photos near 'The Giant'. Khushnum Bhandari / The National
    Visitors taking photos near 'The Giant'. Khushnum Bhandari / The National
  • Yas Bay Waterfront and Pier71 is now home to 12 public artworks. Khushnum Bhandari / The National
    Yas Bay Waterfront and Pier71 is now home to 12 public artworks. Khushnum Bhandari / The National

Huge sculptures unveiled as part of ever-growing Yas Bay art scene


Hayley Skirka
  • English
  • Arabic

If you’re heading to Yas Bay Waterfront this weekend, keep your eyes peeled for two new art installations.

Famed international artists Kaws, real name Brian Donnelly, and Takashi Murakami created the larger-than-life installations.

Visitors to Yas Bay Waterfront will be greeted by an oversized character designed by New York-based Kaws.

Renowned for his interpretations of pop culture icons, including Mickey Mouse and Snoopy, his Yas Bay piece is dubbed Final Days and features the artist's trademark cartoon-like character with crossed-out eyes and a distorted mouth.

Kaws is one of the world's most in demand artists and some of his best pieces include the giant Companion sculpture, which floats in Victoria Harbor, Hong Kong.

Out by the water, visitors to Yas Bay can see a glowing 10-metre-tall golden flower sculpture by Murakami, one of Japan’s most prominent contemporary artists.

The Flower Parent and Child installation features Murakami’s signature golden-leaf work and is one of his largest pieces to date. All sides of the sculpture are decorated with flower motifs and the piece is designed to represent hope.

'Flower Parent and Child' at Yas Bay Waterfront. Photo: Yas Bay Waterfront
'Flower Parent and Child' at Yas Bay Waterfront. Photo: Yas Bay Waterfront

The new works join the ever-growing collection of art at Yas Bay Waterfront.

There are now 12 installations open to the public encompassing murals, sculptures and more.

'The Emerging Man' features an eight-metre-high head and two hands in the water. Photo: Yas Bay Waterfront
'The Emerging Man' features an eight-metre-high head and two hands in the water. Photo: Yas Bay Waterfront

One of the most popular is The Emerging Man sculpture, which features a giant head coming out of the water. Set by the steps of the waterfront, the concrete artwork is also called The Giant and features an eight-metre-high bronze-coloured head and two oversized hands. Partly submerged in the Arabian Gulf, the sculpture was designed to withstand salt water, high sea temperatures and soaring humidity.

This seated sculpture is one of four 'Astrocat' installations at Yas Bay Waterfront. Photo: Yas Bay Waterfront
This seated sculpture is one of four 'Astrocat' installations at Yas Bay Waterfront. Photo: Yas Bay Waterfront

Other pieces come from renowned artists including CoolRainLabo, responsible for the four Astrocat installations located across the destination’s waterfront plaza, and Indian-Canadian street artist Fatspatrol who created the giant mural The Humans near to the Etihad Arena.

Other pieces around Yas Bay include installations from artists Supakitch, MonkeyBird and Beastman, who all transformed substations into colourful canvasses.

In numbers: China in Dubai

The number of Chinese people living in Dubai: An estimated 200,000

Number of Chinese people in International City: Almost 50,000

Daily visitors to Dragon Mart in 2018/19: 120,000

Daily visitors to Dragon Mart in 2010: 20,000

Percentage increase in visitors in eight years: 500 per cent

The biog

Name: Capt Shadia Khasif

Position: Head of the Criminal Registration Department at Hatta police

Family: Five sons and three daughters

The first female investigator in Hatta.

Role Model: Father

She believes that there is a solution to every problem

 

Bharat

Director: Ali Abbas Zafar

Starring: Salman Khan, Katrina Kaif, Sunil Grover

Rating: 2.5 out of 5 stars

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.”

 

 

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet
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Tuesday results:

  • Singapore bt Malaysia by 29 runs
  • UAE bt Oman by 13 runs
  • Hong Kong bt Nepal by 3 wickets

Final:
Thursday, UAE v Hong Kong

The Freedom Artist

By Ben Okri (Head of Zeus)

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Bookshops: A Reader's History by Jorge Carrión (translated from the Spanish by Peter Bush),
Biblioasis

Updated: July 30, 2022, 7:50 AM