At Louvre Abu Dhabi, new loans and acquisitions have been woven into the museum’s permanent galleries, adding fresh layers to its core universal narrative. At Ishara Art Foundation, a new exhibition brings a visual identity from the streets into a white cube space, while a show at Jameel Arts Centre delves into life in Saudi Arabia’s oasis city Al Ahsa.
Here are three exhibitions to explore this weekend.
New loans and acquisitions at Louvre Abu Dhabi
Louvre Abu Dhabi has introduced a new rotation of loans and acquisitions across its permanent galleries. The additions range from Roman portraiture and South Asian courtly art to modernist works.
Highlights include a finely carved Roman cameo thought to depict Agrippa Postumus, mounted in an 18th-century British setting; a luminous ivory-and-gold casket from 16th-century Sri Lanka; and Juan Luna’s enigmatic Una Bulaquena (1895), on loan from the National Museum of the Philippines.
Other artefacts build subtle conversations with existing displays: a limestone Head of an Ephebe from Cyprus joins other sculptures of the human face; a Gabonese reliquary figure enters a display of funerary objects; and Kandinsky’s White Oval (1921) marks a moment of artistic transition.
Tuesday to Thursday, 10am-6.30pm; Friday to Sunday, 10am-8.30pm; Saadiyat Island, Abu Dhabi
No Trespassing at Ishara Art Foundation
Curated by Priyanka Mehra, No Trespassing is Ishara Art Foundation’s first summer exhibition.
The show brings street aesthetics into the gallery, with six artists engaging with urban materials as both subject and medium.
Works by Fatspatrol (Fathima Mohiuddin), H11235 (Kiran Maharjan), Khaled Esguerra, Rami Farook, Salma Dib and Sara Alahbabi turn building materials, pavements, signage and surfaces into acts of mark-making. Rather than define what the street is, the exhibition reflects how it’s used, as a space that’s chaotic, curated, lived-in and constantly rewritten.
Monday to Saturday, 10am-7pm; until August 30, Alserkal Avenue, Dubai
Seas are sweet, fish tears are salty at Jameel Arts Centre
Art Jameel presents the first institutional solo exhibition of Saudi artist Mohammad Alfaraj. Rooted in his hometown of Al Ahsa, the works draw from agricultural landscapes, oral traditions and the details of everyday life.
The show spans photography, film, installation and poetry, unfolding across both the indoor galleries and garden spaces of Jameel Arts Centre. Hands, birds and palm trees recur throughout, forming a loose constellation of motifs. New commissions include a sound piece, a site-specific structure and a video work. The exhibition reflects Alfaraj’s interest in storytelling, moving across human and non-human worlds.
Saturday to Thursday, 10am-8pm; Fridays, noon-8pm; until January 4, Jaddaf Waterfront, Dubai
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WOMAN AND CHILD
Director: Saeed Roustaee
Starring: Parinaz Izadyar, Payman Maadi
Rating: 4/5
The flights: South African Airways flies from Dubai International Airport with a stop in Johannesburg, with prices starting from around Dh4,000 return. Emirates can get you there with a stop in Lusaka from around Dh4,600 return.
The details: Visas are available for 247 Zambian kwacha or US$20 (Dh73) per person on arrival at Livingstone Airport. Single entry into Victoria Falls for international visitors costs 371 kwacha or $30 (Dh110). Microlight flights are available through Batoka Sky, with 15-minute flights costing 2,265 kwacha (Dh680).
Accommodation: The Royal Livingstone Victoria Falls Hotel by Anantara is an ideal place to stay, within walking distance of the falls and right on the Zambezi River. Rooms here start from 6,635 kwacha (Dh2,398) per night, including breakfast, taxes and Wi-Fi. Water arrivals cost from 587 kwacha (Dh212) per person.
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Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5
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TRAP
Starring: Josh Hartnett, Saleka Shyamalan, Ariel Donaghue
Director: M Night Shyamalan
Rating: 3/5
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Nayanthara: Beyond The Fairy Tale
Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni
Director: Amith Krishnan
Rating: 3.5/5
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.”
Test
Director: S Sashikanth
Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan
Star rating: 2/5
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