Leading regional art collector Abdulrahman Al Zayani is selling more than 80 works from his private collection of Middle Eastern artists, spanning styles and generations.
The collection of 92 works come from across the region — from Egypt, Iran, Iraq, Lebanon, North Africa, Syria, Saudi Arabia, Turkey and the UAE — and range in mediums from paintings, drawings and sculptures to multimedia.
Set to go on sale at Sotheby’s London on April 25, some of the highlights from the expansive collection are on show at Sotheby’s Dubai in the Dubai International Financial Centre until March 3.
“Single owner collections of modern and contemporary Middle Eastern arts are very rare,” Alexandra Roy, Sotheby’s head of sale for modern and contemporary Middle Eastern art, tells The National.
“Al Zayani is buying across the board. You are getting Egyptian, Turkish, Moroccan, Iranian artists. You're getting modern masters and contemporary work too.
"You're really getting a small selection of a timeline over the region and I think that that's quite unusual.”
Based between Bahrain and London, Al Zayani has been collecting Middle Eastern and international art for more than 20 years.
The 12 highlighted works in Dubai are a reflection of his eclectic taste in modern and contemporary Middle Eastern work, showing a range of styles from the figurative, stylistic, abstract and experimental.
There are strong museum pieces, such as a work by the late Egyptian painter Gazbia Sirry, one of the most influential artists of her generation, renowned for her early work that focused on images and stories of women.
Sirry's work The Garden, painted in 1959, is a theatrical piece in which stylised figures of women are painted within geometrical spaces.
With powerful use of colour, Sirry, who died in 2021, charmingly explores the different phases of women’s lives.
Another female artistic powerhouse is Turkish artist Fahrelnissa Zeid, whose abstract work, Erbil: Realites Nouvelles, was painted between 1960 and 1965.
Zeid was an innovative force in the art scene of Jordan and the rest of the Middle East, through her approach, execution and quality of her work.
She was also an educator, establishing The Royal National Jordanian Institute Fahrelnissa Zeid of Fine Arts in Amman, Jordan, in 1976.
Erbil: Realites Nouvelles refers to the Iraqi city in the Kurdish region of the country, with the French title of the painting translating to "new realities".
In 1958, many of Zeid’s relatives were killed in Iraq after the 1958 coup that overthrew the monarchy — a traumatic and transformative moment for her.
The abstract painting, which displays Zeid’s prowess over colour and form, is a reference to her working through this grief while revisiting earlier ideas of abstraction in her work.
“If you don't know much about Middle Eastern art, contemporary and modern, I think this helps you figure out what your taste is,” Roy says.
“Abdulrahman Al Zayani has really done the hard work. You can come and be like, ‘Wow, well I love Fahrelnissa, let me explore these kinds of artists more.’”
A more contemporary piece on display from Al Zayani’s collection includes Moroccan artist Hassan Hajjaj's Miriam Green, 2010.
Hajjaj, whose aesthetic is greatly influenced by the hip-hop and reggae scenes of London, along with his North African heritage, is known for his bright portraits of eccentric and elegantly dressed people posing in front of bold and patterned backgrounds.
“We wanted to show things in Dubai, which we hadn't necessarily shown before,” says Roy. “We wanted to take a microcosm of his collection, which is really exciting.”
Roy says thecollection can also give an insight into how someone can begin collecting work, and how varying pieces from different mediums and styles can work together.
“There is a synergy to be drawn from all of the works,” she says.
“It's a real insight into how a young collector starts and evolves the collection, especially when it comes to art from the region. And I think that's what's super special about this collection.”
Highlights from Abdulrahman Al Zayani's collection are on display at Sotheby’s Dubai in DIFC until March 3.
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
Company profile
Date started: 2015
Founder: John Tsioris and Ioanna Angelidaki
Based: Dubai
Sector: Online grocery delivery
Staff: 200
Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends
Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
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
U19 WORLD CUP, WEST INDIES
UAE group fixtures (all in St Kitts)
- Saturday 15 January: UAE beat Canada by 49 runs
- Thursday 20 January: v England
- Saturday 22 January: v Bangladesh
UAE squad:
Alishan Sharafu (captain), Shival Bawa, Jash Giyanani, Sailles
Jaishankar, Nilansh Keswani, Aayan Khan, Punya Mehra, Ali Naseer, Ronak Panoly,
Dhruv Parashar, Vinayak Raghavan, Soorya Sathish, Aryansh Sharma, Adithya
Shetty, Kai Smith
Some of Darwish's last words
"They see their tomorrows slipping out of their reach. And though it seems to them that everything outside this reality is heaven, yet they do not want to go to that heaven. They stay, because they are afflicted with hope." - Mahmoud Darwish, to attendees of the Palestine Festival of Literature, 2008
His life in brief: Born in a village near Galilee, he lived in exile for most of his life and started writing poetry after high school. He was arrested several times by Israel for what were deemed to be inciteful poems. Most of his work focused on the love and yearning for his homeland, and he was regarded the Palestinian poet of resistance. Over the course of his life, he published more than 30 poetry collections and books of prose, with his work translated into more than 20 languages. Many of his poems were set to music by Arab composers, most significantly Marcel Khalife. Darwish died on August 9, 2008 after undergoing heart surgery in the United States. He was later buried in Ramallah where a shrine was erected in his honour.
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Key products and UAE prices
iPhone XS
With a 5.8-inch screen, it will be an advance version of the iPhone X. It will be dual sim and comes with better battery life, a faster processor and better camera. A new gold colour will be available.
Price: Dh4,229
iPhone XS Max
It is expected to be a grander version of the iPhone X with a 6.5-inch screen; an inch bigger than the screen of the iPhone 8 Plus.
Price: Dh4,649
iPhone XR
A low-cost version of the iPhone X with a 6.1-inch screen, it is expected to attract mass attention. According to industry experts, it is likely to have aluminium edges instead of stainless steel.
Price: Dh3,179
Apple Watch Series 4
More comprehensive health device with edge-to-edge displays that are more than 30 per cent bigger than displays on current models.
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COMPANY%20PROFILE
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The five pillars of Islam
More from Neighbourhood Watch:
Israel Palestine on Swedish TV 1958-1989
Director: Goran Hugo Olsson
Rating: 5/5
Sugary teas and iced coffees
The tax authority is yet to release a list of the taxed products, but it appears likely that sugary iced teas and cold coffees will be hit.
For instance, the non-fizzy drink AriZona Iced Tea contains 65 grams of sugar – about 16 teaspoons – per 680ml can. The average can costs about Dh6, which would rise to Dh9.
Cold coffee brands are likely to be hit too. Drinks such as Starbucks Bottled Mocha Frappuccino contain 31g of sugar in 270ml, while Nescafe Mocha in a can contains 15.6g of sugar in a 240ml can.
The Travel Diaries of Albert Einstein The Far East, Palestine, and Spain, 1922 – 1923
Editor Ze’ev Rosenkranz
Princeton