Downtown Design, the cornerstone event of Dubai Design Week, has cultivated a reputation for showcasing the latest and boldest in homeware and modern living.
This year, the fair's striking visuals start even before entering the venue on the d3 Waterfront, where giant flowers by Linda Nieuwstad are displayed. The vibrant bouquets have been crafted from recycled materials, underscoring the ethos of sustainability that resonates through many of the works featured in Downtown Design.
Inside, things become immediately festive with an immersive display by lighting company Preciosa. The installation features hanging glass cubes that light up in sync with music. The adjacent booth by Venetian glassmaker Venini is just as mesmerising. It features a reproduction of Velario, an installation that decorated the skylight of Venice’s Palazzo Grassi.
“This chandelier is from the 1950s,” Mette Degn-Christensen, director of Downtown Design, says. “It [adorned] a palace in Venice for 30 years, and since the 1980s has been unavailable to the public.”
The ceiling-wide installation, comprising hundreds of glass orbs, pulses red to the sound of a heart beat. The chandelier was assembled by hand at the venue over the course of 10 days, Degn-Christensen says. “They’ve married that with the technology that offers the light show.”
Venini is one of many brands that have begun to focus on the region in the past few years. While Downtown Design offers visitors a glimpse into wider trends in interior design, lighting, furniture and home accessories, it has also become a place for international brands to dip their toes in the region’s market, perhaps signalling a new focus.
One example is The Conran Shop. The brand, founded in London in 1973, is making its UAE debut at Downtown Design. “The Conran Shop is a kind of an institution,” Degn-Christensen says. “They have an exclusivity for Eames, Vitra, iconic design brands, [and] they also do their own. This is their launch in the UAE.”
Milan-based Isola Design Group is also marking its expansion in the Middle East, having recently announced its new regional headquarters in d3. Its exhibition is inspired by the work of the late Italian architect Aldo Rossi, who often paid tribute to local styles in his designs. However, the pieces displayed at the booth are all fashioned using 3D printing technology. The Isola Design Group is also presenting an exhibition in collaboration with d3 titled Design Next. It showcases works by designers from around the world, all fashioned to promote an environmentally conscientious lifestyle.
Several other brands are making their debut at Downtown Design, including some with boutique, small-scale production. These include Artisan, from Bosnia-Herzegovina, which is known for its sleek, minimalist, solid-wood furniture with signature rounded corners. Then there are returning favourites such as New Terracotta, a Portuguese company that crafts handmade tiles and limited-edition ceramics.
On a national level, the Italian Trade Agency is showcasing Italian craftsmanship; the UAE Designer Exhibition is returning for its fifth year, presenting works by 30 independent designers and studios based in the country, and Tashkeel’s Tanween Design Programme is once again highlighting works by designers living in the UAE.
Designed in Saudi, meanwhile, is returning for its second year and is featuring nine studios with pieces rooted in the kingdom’s culture, including a table designed for games such as baloot and jackaroo. Grid Design, which created the table, had launched at Downtown Design before they were granted the Designed in Saudi seal by the kingdom’s Ministry of Culture, says Degn-Christensen. “I love these success stories,” she adds.
While Downtown Design is dedicated to cutting-edge interior design, the newest addition to Dubai Design Week’s programming aims to encourage diffident collectors to get their hands on works that would make their most seasoned peers proud.
Editions, established by the Art Dubai Group in partnership with d3, will run alongside Downtown Design until Saturday. Pablo del Val, artistic director of the international Art Dubai fair, says Editions was conceived to show that anyone can start a collection, even with a modest budget.
“Sometimes Art Dubai can be intimidating for people who have not started to collect,” del Val says. “People think it needs a nice budget, which is a myth.”
As its name suggests, Editions focuses on artworks made on a limited scale, usually numbered and signed by the artist. Many of these are significantly more affordable than one-of-a-kind works, such as paintings.
“There are no paintings, and no sculptures,” del Val says. "The fair offers contemporary design, photography, prints and works on paper. It does include one-off ceramics and textiles because organisers wanted “to bring into the discussion those techniques that are not considered major arts,” adds del Val.
Visitors living in Dubai will recognise many of the galleries represented, as more than half the exhibitors are based in the city.
Gulf Photo Plus, for instance, is presenting works from Alia Ali’s Hub/Love series, photographs by Richard Allenby-Pratt dedicated to the sabkhas of the UAE, as well as works by Yasmina Safi that contrast the way women present themselves in public and private. The Third Line is showing works by Hassan Hajjaj and Farah Al Qasimi. Meem Gallery is offering a sprawling collection of works by Dia Azzawi. Iwan Maktabi is presenting tapestries by Emirati artist Mohamed Ahmed Ibrahim.
Del Val is urging visitors not to shy away from asking the price of works on display, saying they may be surprised, with some pieces going for as little as $300.
“I think the lesson from Covid, when we were all locked in, is how important it is to be surrounded by meaningful things,” he says. “If you have a new apartment, you can furnish it here, from floor to ceiling. Everything has an edge that is about contemporary culture. Contemporary culture is be surrounded by things that are meaningful to your generation, things that are done by people who surround you.”
Dubai Design Week takes place at d3 until November 10
The specs: 2018 Harley-Davidson Fat Boy
Price, base / as tested Dh97,600
Engine 1,745cc Milwaukee-Eight v-twin engine
Transmission Six-speed gearbox
Power 78hp @ 5,250rpm
Torque 145Nm @ 3,000rpm
Fuel economy, combined 5.0L / 100km (estimate)
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Fifa Club World Cup:
When: December 6-16
Where: Games to take place at Zayed Sports City in Abu Dhabi and Hazza bin Zayed Stadium in Al Ain
Defending champions: Real Madrid
Indoor cricket World Cup:
Insportz, Dubai, September 16-23
UAE fixtures:
Men
Saturday, September 16 – 1.45pm, v New Zealand
Sunday, September 17 – 10.30am, v Australia; 3.45pm, v South Africa
Monday, September 18 – 2pm, v England; 7.15pm, v India
Tuesday, September 19 – 12.15pm, v Singapore; 5.30pm, v Sri Lanka
Thursday, September 21 – 2pm v Malaysia
Friday, September 22 – 3.30pm, semi-final
Saturday, September 23 – 3pm, grand final
Women
Saturday, September 16 – 5.15pm, v Australia
Sunday, September 17 – 2pm, v South Africa; 7.15pm, v New Zealand
Monday, September 18 – 5.30pm, v England
Tuesday, September 19 – 10.30am, v New Zealand; 3.45pm, v South Africa
Thursday, September 21 – 12.15pm, v Australia
Friday, September 22 – 1.30pm, semi-final
Saturday, September 23 – 1pm, grand final
Libya's Gold
UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves.
The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.
Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.
A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.
Jetour T1 specs
Engine: 2-litre turbocharged
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Price: From Dh126,000
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The years Ramadan fell in May
The years Ramadan fell in May
More on animal trafficking
Company Profile
Company name: NutriCal
Started: 2019
Founder: Soniya Ashar
Based: Dubai
Industry: Food Technology
Initial investment: Self-funded undisclosed amount
Future plan: Looking to raise fresh capital and expand in Saudi Arabia
Total Clients: Over 50
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.”
Iraq negotiating over Iran sanctions impact
- US sanctions on Iran’s energy industry and exports took effect on Monday, November 5.
- Washington issued formal waivers to eight buyers of Iranian oil, allowing them to continue limited imports. Iraq did not receive a waiver.
- Iraq’s government is cooperating with the US to contain Iranian influence in the country, and increased Iraqi oil production is helping to make up for Iranian crude that sanctions are blocking from markets, US officials say.
- Iraq, the second-biggest producer in the Organization of Petroleum Exporting Countries, pumped last month at a record 4.78 million barrels a day, former Oil Minister Jabbar Al-Luaibi said on Oct. 20. Iraq exported 3.83 million barrels a day last month, according to tanker tracking and data from port agents.
- Iraq has been working to restore production at its northern Kirkuk oil field. Kirkuk could add 200,000 barrels a day of oil to Iraq’s total output, Hook said.
- The country stopped trucking Kirkuk oil to Iran about three weeks ago, in line with U.S. sanctions, according to four people with knowledge of the matter who asked not to be identified because they aren’t allowed to speak to media.
- Oil exports from Iran, OPEC’s third-largest supplier, have slumped since President Donald Trump announced in May that he’d reimpose sanctions. Iran shipped about 1.76 million barrels a day in October out of 3.42 million in total production, data compiled by Bloomberg show.
- Benchmark Brent crude fell 47 cents to $72.70 a barrel in London trading at 7:26 a.m. local time. U.S. West Texas Intermediate was 25 cents lower at $62.85 a barrel in New York. WTI held near the lowest level in seven months as concerns of a tightening market eased after the U.S. granted its waivers to buyers of Iranian crude.
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Yahya Al Ghassani's bio
Date of birth: April 18, 1998
Playing position: Winger
Clubs: 2015-2017 – Al Ahli Dubai; March-June 2018 – Paris FC; August – Al Wahda
MATCH INFO
Crawley Town 3 (Tsaroulla 50', Nadesan 53', Tunnicliffe 70')
Leeds United 0
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Brown/Black belt finals
3pm: 49kg female: Mayssa Bastos (BRA) v Thamires Aquino (BRA)
3.07pm: 56kg male: Hiago George (BRA) v Carlos Alberto da Silva (BRA)
3.14pm: 55kg female: Amal Amjahid (BEL) v Bianca Basilio (BRA)
3.21pm: 62kg male: Gabriel de Sousa (BRA) v Joao Miyao (BRA)
3.28pm: 62kg female: Beatriz Mesquita (BRA) v Ffion Davies (GBR)
3.35pm: 69kg male: Isaac Doederlein (BRA) v Paulo Miyao (BRA)
3.42pm: 70kg female: Thamara Silva (BRA) v Alessandra Moss (AUS)
3.49pm: 77kg male: Oliver Lovell (GBR) v Tommy Langarkar (NOR)
3.56pm: 85kg male: Faisal Al Ketbi (UAE) v Rudson Mateus Teles (BRA)
4.03pm: 90kg female: Claire-France Thevenon (FRA) v Gabreili Passanha (BRA)
4.10pm: 94kg male: Adam Wardzinski (POL) v Kaynan Duarte (BRA)
4.17pm: 110kg male: Yahia Mansoor Al Hammadi (UAE) v Joao Rocha (BRA
57%20Seconds
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Fight card
- Aliu Bamidele Lasisi (Nigeria) beat Artid Vamrungauea (Thailand) POINTS
- Julaidah Abdulfatah (Saudi Arabia) beat Martin Kabrhel (Czech Rep) POINTS
- Kem Ljungquist (Denmark) beat Mourad Omar (Egypt) TKO
- Michael Lawal (UK) beat Tamas Kozma (Hungary) KO
- Zuhayr Al Qahtani (Saudi Arabia) beat Mohammed Mahmoud (UK) POINTS
- Darren Surtees (UK) beat Kane Baker (UK) KO
- Chris Eubank Jr (UK) beat JJ McDonagh (Ireland) TKO
- Callum Smith (UK) beat George Groves (UK) KO
Profile Periscope Media
Founder: Smeetha Ghosh, one co-founder (anonymous)
Launch year: 2020
Employees: four – plans to add another 10 by July 2021
Financing stage: $250,000 bootstrap funding, approaching VC firms this year
Investors: Co-founders
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