In Le grand miroir du monde, or the great mirror of the world, thousands of mirrored shards are arranged in a rectangle spanning several metres. The work by Algerian-French artist Kader Attia captures the fragmented state of the world while also suggesting that something new and beautiful may arise from the broken pieces.
The installation is the opening piece of Art Week Riyadh’s curated section at the Jax District. The scale and nature of the work effectively and immediately set the tone of the event. It makes it clear from the outset that the inaugural Art Week Riyadh is not an art fair. Rather, the event presents something new – a city-wide initiative that aims to celebrate and bolster the Saudi capital’s art scene.
“We thought about ways in which we could create platforms that would allow for connectivity, increased awareness, dialogue, debate, exchange, and at the same time, shed a light on the many actors that play a part in the arts landscape of Saudi Arabia,” Dina Amin, chief executive of the Visual Arts Commission, says.
“We envisioned and envisaged an art week that would be a new model, which would move away from the traditional format of being a commercially inclined event and one that would be culturally focused,” she says.
This position is particularly evident in At The Edge, the curated section of Art Week Riyadh and the centrepiece for the event.
More than 30 local and international galleries are showcasing works as part of the curated section at the Jax District. By not basing their selections on the priority of sales, galleries are instead all putting their best foot forward. Most of the works presented are grand in scale and teeter towards the conceptual.
The exhibition is a bit like an all-star show, featuring several top names from the local and regional arts scenes. Galleria Continua is showcasing a series of works by Ahmed Mater that were produced using plastic toy gun caps, with a series of panels that spell out the words hilm (dream), hurriya (freedom) and salam (peace). Tabari Artspace is presenting Lulwah Al Homoud’s 100 Names of Allah, which proposes a universal geometric language that takes cues from Ibn Muqlah’s Proportional Cursive Script and the mathematical principles of the Vedic Square.
Lawrie Shabibi is showcasing untitled works by Shaikha Al Mazrou that are emblematic of her use of painted metal to explore form, space and abstraction. Perrotin is showing Monira Al Qadiri’s hand-blown glass series, which draws from the form of the toxic Portuguese man o' war jellyfish. Lisson Gallery is presenting the mixed media works of Wael Shawky, which reimagines familiar landscapes and forms with a touch of magic realism. Efie Gallery is highlighting the large, intricate textile works of Abdoulaye Konate. Ayyam Gallery is showcasing works by Faisal Samra and Safwan Dahoul. Le Lab is presenting paintings and sculptures by Khaled Zaki. There is an arresting work at every turn.
“We wanted to make it inter-generational, not only the youngest or the oldest, really everybody. This was our mission,” Vittoria Matarrese, artistic director and curator of Art Week Riyadh, says. “With the gallery, it’s important to treat them as partners. Too often, we think galleries are just vendors. But galleries are the closest to the artists. They discover them, let them grow, of course they also sell their works, but they also figure out how to put them in museums and institutions.
“The whole idea was really to talk to them and select works that you don't see usually in fairs,” Matarrese adds. “For example, if you see the Wael Shawky booth with Lisson, this is a museum piece. Who ships this for an art fair? Nobody.”
However, it’s one thing to bring thought-provoking works, but ensuring a cohesive curation is another. The scenography was a key part in this. With an open space, and minimal divisions, the exhibition organically moves from one gallery booth to another, while also shifting across its three thematic threads: Everyday Life, Landscapes and Motifs.
“We really tried to connect it between the galleries,” Matarrese says.
While At the Edge can perhaps be seen as the nucleus attraction of Art Week Riyadh – its initiatives and exhibitions are far more sprawling.
Collections in Dialogue, also taking place at the Jax District, is highlighting important collections of three institutions. These include King Abdulaziz Centre for World Culture (Ithra), which is showcasing works by Maha Malluh, Michelangelo Pistoletto, Mohammad Alfaraj and Hazem Harb. Art Jameel is presenting works from Ahaad Alamoudi, Hiwa K, Yto Barrada and Mater. The Saudi Research and Media Group is highlighting the development of abstraction in Saudi Arabia, exhibiting artists such as Mohammed Al-Saleem, Abdulhalim Radwi, Taha Al-Sabban, Raeda Ashour, Rashed AlShashai and Zaman Jassim.
The Al Mousa Centre in central Riyadh is also a major site of Art Week Riyadh. Formerly a commercial complex, the centre has grown to become a cultural attraction with 15 galleries. The institutions will be presenting a mixture of group and solo exhibitions especially put together for Art Week Riyadh.
Although several exhibitions and events have been set up, it is Art Week Riyadh’s public programming that seeks to animate these different elements. The programming includes a series of talks titled How to Art World? Lessons in Value. The talks, curated by writer Shumon Basar, will delve into subjects relevant to the visual arts scene in Riyadh. Participants will include cultural experts from Christie’s, Sotheby’s Gagosian and others.
“As a visual arts commission, we're dedicated to knowledge, knowledge awareness, knowledge exchange, transfer,” Amin says. “It’s part of our DNA as an entity.”
Mater, Ayman Zedani, Marwah AlMugait and Muhannad Shono will also be opening up their studios at Jax District to the public this week, allowing audiences to discover their creative spaces and learn more about their artistic processes.
“When we talk about the richness and depth and breadth of everything that's happening here, there's no way we can capture it in one exhibition,” Amin says. “Part of Art Week Riyadh is really asking that everyone open their doors for all of us to be able to discover what’s happening. That discovery will vary from studio to studio, entity to entity. Each organisation has a different language and a different focus. That richness is really important for us when understanding what Art Week Riyadh is trying to do.”
Art Week Riyadh 2025 runs until April 13
Scoreline
Bournemouth 2
Wilson 70', Ibe 74'
Arsenal 1
Bellerin 52'
Winners
Ballon d’Or (Men’s)
Ousmane Dembélé (Paris Saint-Germain / France)
Ballon d’Or Féminin (Women’s)
Aitana Bonmatí (Barcelona / Spain)
Kopa Trophy (Best player under 21 – Men’s)
Lamine Yamal (Barcelona / Spain)
Best Young Women’s Player
Vicky López (Barcelona / Spain)
Yashin Trophy (Best Goalkeeper – Men’s)
Gianluigi Donnarumma (Paris Saint-Germain and Manchester City / Italy)
Best Women’s Goalkeeper
Hannah Hampton (England / Aston Villa and Chelsea)
Men’s Coach of the Year
Luis Enrique (Paris Saint-Germain)
Women’s Coach of the Year
Sarina Wiegman (England)
Key figures in the life of the fort
Sheikh Dhiyab bin Isa (ruled 1761-1793) Built Qasr Al Hosn as a watchtower to guard over the only freshwater well on Abu Dhabi island.
Sheikh Shakhbut bin Dhiyab (ruled 1793-1816) Expanded the tower into a small fort and transferred his ruling place of residence from Liwa Oasis to the fort on the island.
Sheikh Tahnoon bin Shakhbut (ruled 1818-1833) Expanded Qasr Al Hosn further as Abu Dhabi grew from a small village of palm huts to a town of more than 5,000 inhabitants.
Sheikh Khalifa bin Shakhbut (ruled 1833-1845) Repaired and fortified the fort.
Sheikh Saeed bin Tahnoon (ruled 1845-1855) Turned Qasr Al Hosn into a strong two-storied structure.
Sheikh Zayed bin Khalifa (ruled 1855-1909) Expanded Qasr Al Hosn further to reflect the emirate's increasing prominence.
Sheikh Shakhbut bin Sultan (ruled 1928-1966) Renovated and enlarged Qasr Al Hosn, adding a decorative arch and two new villas.
Sheikh Zayed bin Sultan (ruled 1966-2004) Moved the royal residence to Al Manhal palace and kept his diwan at Qasr Al Hosn.
Sources: Jayanti Maitra, www.adach.ae
If you go...
Etihad Airways flies from Abu Dhabi to Kuala Lumpur, from about Dh3,600. Air Asia currently flies from Kuala Lumpur to Terengganu, with Berjaya Hotels & Resorts planning to launch direct chartered flights to Redang Island in the near future. Rooms at The Taaras Beach and Spa Resort start from 680RM (Dh597).
UAE%20v%20West%20Indies
%3Cp%3EFirst%20ODI%20-%20Sunday%2C%20June%204%20%0D%3Cbr%3ESecond%20ODI%20-%20Tuesday%2C%20June%206%20%0D%3Cbr%3EThird%20ODI%20-%20Friday%2C%20June%209%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3EMatches%20at%20Sharjah%20Cricket%20Stadium.%20All%20games%20start%20at%204.30pm%0D%3Cbr%3E%0D%3Cbr%3E%3Cstrong%3EUAE%20squad%3C%2Fstrong%3E%0D%3Cbr%3EMuhammad%20Waseem%20(captain)%2C%20Aayan%20Khan%2C%20Adithya%20Shetty%2C%20Ali%20Naseer%2C%20Ansh%20Tandon%2C%20Aryansh%20Sharma%2C%20Asif%20Khan%2C%20Basil%20Hameed%2C%20Ethan%20D%E2%80%99Souza%2C%20Fahad%20Nawaz%2C%20Jonathan%20Figy%2C%20Junaid%20Siddique%2C%20Karthik%20Meiyappan%2C%20Lovepreet%20Singh%2C%20Matiullah%2C%20Mohammed%20Faraazuddin%2C%20Muhammad%20Jawadullah%2C%20Rameez%20Shahzad%2C%20Rohan%20Mustafa%2C%20Sanchit%20Sharma%2C%20Vriitya%20Aravind%2C%20Zahoor%20Khan%0D%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.”
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
The National in Davos
We are bringing you the inside story from the World Economic Forum's Annual Meeting in Davos, a gathering of hundreds of world leaders, top executives and billionaires.
THE CLOWN OF GAZA
Director: Abdulrahman Sabbah
Starring: Alaa Meqdad
Rating: 4/5
What is a robo-adviser?
Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.
These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.
Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.
Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
