Conflict, control and identity are the big topics being tackled in this week’s roundup of exhibitions.
A summer exhibition at Ayyam Gallery looks at Syria’s recent history through the eyes of 12 leading artists. An installation at the Green Art Gallery investigates how Tehran’s buildings reflect power and privacy. And a solo exhibition at the Cultural Foundation Abu Dhabi explores personal and cultural identity through myth and memory.
Here are three exhibitions to see this week.
Wavering Hope at Ayyam Gallery
Ayyam Gallery is celebrating its 20th anniversary at a time when Syria is also undergoing major changes.
Founded in Damascus in 2006, the gallery has experienced the different phases of Syria’s recent history. Even as its headquarters shifted to Dubai as a consequence of the war, the gallery has still continued to engage with the developments of its home country – most notably through the work of the Syrian artists it continues to represent and support.
Wavering Hope, its summer exhibition, highlights that journey. It features works by 12 acclaimed Syrian artists, including Kais Salman, Khaled Takreti, Tammam Azzam, Abdalla Al Omari, Othman Moussa, Safwan Dahoul, Thaier Helal, Elias Izoli, Abdul-Karim Majdal Al-Beik, Mohannad Orabi, Nihad Al-Turk and Yasmine Al Awa.
Their works bear witness to displacement, destruction and personal grief, while also serving as acts of resilience and memory. As the gallery notes, they “map the emotional, political, and cultural aftermath of conflict, and the fragile hope that emerges in its wake”.
Monday to Friday, 10am to 7pm; Saturday, noon to 6pm; until September 5; Dubai
Instruments of Viewing and Obscurity at Green Art Gallery
Iranian artist Nazgol Ansarinia’s installation at Green Art Gallery explores mass housing architecture in Tehran, especially the use of concrete and windows. She examines how these buildings relate to issues such as social control and privacy.
The installation is designed like a maze or scaled-down city, with watchtower-like forms and translucent surfaces shaped from window frames. Large video projections show facades of buildings transitioning from daylight to night. One scene captures a woman standing at her window, reversing the viewer’s gaze and challenging public-private boundaries.
Her work critiques modernist architecture’s legacy in the Global South, especially its environmental and social impacts. The installation invites reflection on how cities are built and how those structures affect people’s lives and sense of space.
Monday to Saturday, 11am to 7pm; until October; Dubai
Maitha Abdalla: Between Metamorphosis and Reality at Cultural Foundation Abu Dhabi
Maitha Abdalla’s exhibition at the Cultural Foundation Abu Dhabi is entering its final month.
The Emirati artist, whose practice spans several mediums, often uses folktales and myths to explore themes such as psychology, social conditioning and gender.
Her solo exhibition at Abu Dhabi’s cultural foundation reflects upon these topics through a mix of painting and sculptures that toe the line between the figurative and the abstract, the real and the uncanny.
Saturday to Thursday, 9am to 8pm; Friday, 2pm to 8pm; until August 30; Abu Dhabi
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
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%3Cp%3E1.%20Labour%20productivity%20is%20lower%20than%20the%20average%20of%20the%20developed%20economies%2C%20particularly%20in%20the%20non-tradable%20industries.%3Cbr%3E2.%20The%20low%20level%20of%20basic%20skills%20among%20workers%20and%20the%20high%20level%20of%20inequality%20between%20those%20with%20various%20skills.%3Cbr%3E3.%20Low%20employment%20rates%2C%20particularly%20among%20Arab%20women%20and%20Ultra-Othodox%20Jewish%20men.%3Cbr%3E4.%20A%20lack%20of%20basic%20knowledge%20required%20for%20integration%20into%20the%20labour%20force%2C%20due%20to%20the%20lack%20of%20core%20curriculum%20studies%20in%20schools%20for%20Ultra-Othodox%20Jews.%3Cbr%3E5.%20A%20need%20to%20upgrade%20and%20expand%20physical%20infrastructure%2C%20particularly%20mass%20transit%20infrastructure.%3Cbr%3E6.%20The%20poverty%20rate%20at%20more%20than%20double%20the%20OECD%20average.%3Cbr%3E7.%20Population%20growth%20of%20about%202%20per%20cent%20per%20year%2C%20compared%20to%200.6%20per%20cent%20OECD%20average%20posing%20challenge%20for%20fiscal%20policy%20and%20underpinning%20pressure%20on%20education%2C%20health%20care%2C%20welfare%20housing%20and%20physical%20infrastructure%2C%20which%20will%20increase%20in%20the%20coming%20years.%3C%2Fp%3E%0A
How to help
Call the hotline on 0502955999 or send "thenational" to the following numbers:
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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.”
The past Palme d'Or winners
2018 Shoplifters, Hirokazu Kore-eda
2017 The Square, Ruben Ostlund
2016 I, Daniel Blake, Ken Loach
2015 Dheepan, Jacques Audiard
2014 Winter Sleep (Kış Uykusu), Nuri Bilge Ceylan
2013 Blue is the Warmest Colour (La Vie d'Adèle: Chapitres 1 et 2), Abdellatif Kechiche, Adele Exarchopoulos and Lea Seydoux
2012 Amour, Michael Haneke
2011 The Tree of Life, Terrence Malick
2010 Uncle Boonmee Who Can Recall His Past Lives (Lung Bunmi Raluek Chat), Apichatpong Weerasethakul
2009 The White Ribbon (Eine deutsche Kindergeschichte), Michael Haneke
2008 The Class (Entre les murs), Laurent Cantet
'Fantastic Beasts: The Secrets of Dumbledore'
Rating: 3/5
Directed by: David Yates
Starring: Mads Mikkelson, Eddie Redmayne, Ezra Miller, Jude Law
