The mural's message is clear, says audio producer James Peak, 'Nature's struggling and it is up to us to help it grow back.' PA
The mural's message is clear, says audio producer James Peak, 'Nature's struggling and it is up to us to help it grow back.' PA
The mural's message is clear, says audio producer James Peak, 'Nature's struggling and it is up to us to help it grow back.' PA
The mural's message is clear, says audio producer James Peak, 'Nature's struggling and it is up to us to help it grow back.' PA

New Banksy work discovered as threat of identity reveal looms


Maan Jalal
  • English
  • Arabic

A suspected new work by the renowned, anonymous street artist Banksy has appeared overnight on the side of a building in north London.

Behind a cut-back tree near Finsbury Park, splodges of green paint have been sprayed on to a wall in patches.

Giving the illusion of foliage sprouting behind the seemingly lifeless tree, the paint drips down to the bottom-left corner of the wall where a figure holds a pressure hose. Stencilled in black and green, the figure looks up as drips of paint run over its face, appearing almost like sweat or tears.

James Peak, creator of BBC Radio 4 series The Banksy Story, told the broadcaster that the artwork is heavily coded with an environmental message.

“The message is clear,” he said. “Nature's struggling and it is up to us to help it grow back.”

The new suspected work of street artist Banksy is a commentary on nature and the environment. PA
The new suspected work of street artist Banksy is a commentary on nature and the environment. PA

Banksy often officially confirms his work by posting images on his website and social media platforms. He has not done so this case, though Peak also told the BBC that the new work bears the hallmarks of Banksy’s style and detail-orientated approach.

Those hallmarks often involve meticulous planning to avoid a lot of labour on site, allowing the eye-catching works to be created undetected. There is also usually a connection to the area. In the case of the Finsbury tree mural, the shade of green used matches the signs in the local neighbourhood.

Since the appearance of the work, many locals have taken photos of the mural to post online, including the Islington councillor Flora Williamson who said on X, formerly known as Twitter, “By far the most exciting thing to happen on today's canvass session on Hornsey Road was seeing that Banksy had come to Tollington over night. Lots of local interest – I'm a fan of it.”

The appearance of a potential work by the elusive artist comes a few days before a rare collection of 11 Banksy pieces are set to be auctioned off in Newcastle. The works, which include birthday cards, flyers and a hand-painted shop sign, were created before he was famous and are set to go under the hammer by auction house Anderson & Garland on Wednesday.

One piece titled Holywell Row Happy Choppers is from a Banksy series in which soaring military helicopters are decorated with pink bows. The work was rescued from the side of an office building and removed in sections. It is expected to sell for between £500,000 ($637,000) and £800,000 in the auction this week.

Banksy's Holywell Row Happy Choppers was removed from a public building in pieces. Photo: Anderson & Garland
Banksy's Holywell Row Happy Choppers was removed from a public building in pieces. Photo: Anderson & Garland

Active since the 1990s, Banksy's real name and identity officially remains a mystery.

His work often and overtly explore themes of political and social significance, having appeared on streets, walls and bridges not only in the UK but around the world.

One of his most recognisable works is titled Girl With Balloon; located under Waterloo Bridge at London's Southbank Centre, it features a stencil of a young girl reaching for a red, heart-shaped balloon. In 2018, a version of this work on paper self-destructed immediately after being sold at an auction for £1,042,000, and was renamed Love Is In The Bin.

It is considered the first piece of artwork in history to have been created during a live auction.

Another pivotal work is Rage, also known as Flower Thrower, which was created in Jerusalem in 2003 on the West Bank barrier wall. The politically motivated piece depicts a stencil of a male protester throwing a bouquet instead of a bomb, symbolising the choice of peace over violence.

Despite his anonymity, Banksy has gained international fame for his work. However, according to a recent Guardian story, the elusive artist’s identity might soon be publicly revealed due to a legal dispute over a print titled Monkey Queen, depicting Queen Elizabeth as a bejewelled primate.

Banksy's works in Palestine

Two art collectors, Nicky Katz and Ray Howse, are taking legal action against the graffiti artist’s company, Pest Control Office, following its alleged refusal to confirm the authenticity of the piece.

After three years of attempting to verify the work, the collectors are suing the artist for breach of contract. This might force Banksy to reveal his identity in court.

Massive Attack’s Robert Del Naja, Jamie Hewlett of Gorillaz and Neil Buchanan, the former host of the TV shoe Art Attack, are all public figures who have been suspected to be Banksy. In 2008, the Daily Mail announced that artist Robin Gunningham was Banksy, though both have denied it.

'Hocus%20Pocus%202'
%3Cp%3EDirector%3A%20Anne%20Fletcher%3Cbr%3E%3Cbr%3EStars%3A%20Bette%20Midler%2C%20Sarah%20Jessica%20Parker%2C%20Kathy%20Najimy%3Cbr%3E%3Cbr%3ERating%3A%203.5%2F5%3C%2Fp%3E%0A
UAE currency: the story behind the money in your pockets
The specs: 2018 Ducati SuperSport S

Price, base / as tested: Dh74,900 / Dh85,900

Engine: 937cc

Transmission: Six-speed gearbox

Power: 110hp @ 9,000rpm

Torque: 93Nm @ 6,500rpm

Fuel economy, combined: 5.9L / 100km

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

SANCTIONED
  • Kirill Shamalov, Russia's youngest billionaire and previously married to Putin's daughter Katarina
  • Petr Fradkov, head of recently sanctioned Promsvyazbank and son of former head of Russian Foreign Intelligence, the FSB. 
  • Denis Bortnikov, Deputy President of Russia's largest bank VTB. He is the son of Alexander Bortnikov, head of the FSB which was responsible for the poisoning of political activist Alexey Navalny in August 2020 with banned chemical agent novichok.  
  • Yury Slyusar, director of United Aircraft Corporation, a major aircraft manufacturer for the Russian military.
  • Elena Aleksandrovna Georgieva, chair of the board of Novikombank, a state-owned defence conglomerate.
Most sought after workplace benefits in the UAE
  • Flexible work arrangements
  • Pension support
  • Mental well-being assistance
  • Insurance coverage for optical, dental, alternative medicine, cancer screening
  • Financial well-being incentives 
Our legal consultants

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Indoor Cricket World Cup Dubai 2017

Venue Insportz, Dubai; Admission Free

Day 1 fixtures (Saturday)

Men 1.45pm, Malaysia v Australia (Court 1); Singapore v India (Court 2); UAE v New Zealand (Court 3); South Africa v Sri Lanka (Court 4)

Women Noon, New Zealand v South Africa (Court 3); England v UAE (Court 4); 5.15pm, Australia v UAE (Court 3); England v New Zealand (Court 4)

WITHIN%20SAND
%3Cp%3EDirector%3A%20Moe%20Alatawi%3C%2Fp%3E%0A%3Cp%3EStarring%3A%20Ra%E2%80%99ed%20Alshammari%2C%20Adwa%20Fahd%2C%20Muhand%20Alsaleh%3C%2Fp%3E%0A%3Cp%3ERating%3A%203%2F5%3C%2Fp%3E%0A

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.”

Updated: March 18, 2024, 10:49 AM