For anyone who has travelled through the old Terminal 1 of Zayed International Airport, Nomad Abu Dhabi will be a sentimental, even surreal experience.
The event has repurposed the decommissioned terminal to become a sprawling art and design venue. Institutions and galleries from across the world have congregated under its tent-like roof, displaying artworks around the idiosyncratic, green-tiled pillar. Departure gates have become exhibition spaces, showcasing a mix of vintage and cutting-edge furniture pieces.
An alternative to traditional art fairs, Nomad was established in 2017 by Canadian-Italian architect Nicolas Bellavance-Lecompte as a travelling showcase for contemporary art, collectable design and cultural exchange. It is renowned for selecting unique and often historically important locations, from a 15th-century gothic structure in Venice to a monastery in Capri.
Terminal 1 has a significant place in Abu Dhabi’s history. The structure opened in 1982. It was designed by French architect Paul Andreu, who was also responsible for Charles De Gaulle Airport in Paris and Terminal 3 at Dubai.
The Abu Dhabi terminal was decommissioned in late 2023, after the opening of Zayed International Airport's Terminal A. For many, it marked the end of an era.
Nomad Abu Dhabi leans into the former function of its venue. Visiting the event is akin to the sensation of entering an airport. Visitors are given a boarding pass and walk through checking booths before entering the main exhibition hall.
“I did a wide exploration of the region before choosing Abu Dhabi,” Bellavance-Lecompte says. “We visited 30 different sites that were part of modern heritage. It was important to find the right container that was not just a box. It had to be something significant in terms of architecture and generate a dialogue. I’m very grateful that we managed to find this venue thanks to the Department of Culture and Tourism – Abu Dhabi.
“The airport is special and, emotionally speaking, I also used to travel through here. This airport had been operating for over 40 years, and for everyone from the region and from the city to see this reappropriation of the airport is a great way to give life back to this building.”
When developing Nomad Abu Dhabi, Bellavance-Lecompte says he was keen on having a balanced representation between regional and global participants. “I’m happy to have almost 40 per cent regional projects,” he says. “We also involved many regional designers and artists in the departure lounge.”
The departure lounge is the first space visitors will interact with. The exhibition, developed in collaboration with Etihad Airways, features several works that resonate with the event’s aviation theme.
Lebanese artist Ali Cha’aban presents 12 PM Class, a 2019 work that comprises Persian carpets that have been folded like monumental paper planes. Christopher Joshua Benton, a US artist living in the UAE, is showcasing How to Be at Rest, a collaborative piece with bricolage chairs that have been modified by working-class South Asian and African labourers and artisans.
Emirati artist Zeinab Al Hashemi’s There May Exist features staked oil barrels that have each been covered in camel hide, touching upon how the dromedary were a staple of livelihood in the region before the oil boom.
Nearly two dozen galleries and institutions are set up in the main hall. Local participants include The Third Line, AP Room, Leila Heller Gallery, Nika Project Space and We Gallery. However, there is also a significant international footprint, with galleries from Cairo, Ibiza, Athens, Milan, Istanbul, Paris, Tunis and Florence taking part.
For some participants, Nomad Abu Dhabi is a platform to offer a glimpse into future ambitions. AP Room, for instance, is a space for collectable design that is due to open in Dubai in early 2026. Its presentation at Nomad Abu Dhabi is a sneak peek of the types of designs on offer. The corridor features chairs by celebrated modern designers such as Philippe Starck, while the main hall features arresting contemporary furniture that is sculptural, even arboreal in nature.
Chairs, particularly, are everywhere and no two are alike.
“For designers, the chair is very important because it’s like making architecture to a human scale, and we wanted to highlight that,” says Amine Amharech, artistic and commercial director of AP Room. “We also wanted to bring elite designs from all over the world to the UAE. The future is that we will bring Emirati elite designs to the world.”
Jewellery is also on display, and while some booths are embracing the airport aesthetic, others aim to stand out. From Bahrain, A2Z Advisory has transformed one of the departure gates into a plush red salon, displaying coveted vintage pieces from Cartier alongside works by celebrated contemporary designers such as Mumbai's Bhagat Jewellers.
“We do pop-up shows around the world, but mainly the Middle East,” Salomon Amin, a designer who is affiliated with the advisory, says. “Our proposal is not only jewellery, but also to offer an experience to the user. You can feel this area is completely different than the rest, and that is the intention. Every single show has a unique selection.”
Some of the fair’s strongest highlights are the Special Projects, peppered between the gallery presentations. Iwan Maktabi, for instance, is showcasing When Earth Dreamt in Gold, a solo exhibition by Hechizoo, the high-end textile atelier from Colombia.
Design collective Super Loop will present Fluid Echoes, a collection that blends regional traditions of mother-of-pearl inlay and hand-carved wood within contemporary furniture pieces.
Irthi Contemporary Crafts Council – an organisation that works with female artisans from the UAE and the wider Middle East, North Africa, South and South-east Asia regions – is unveiling the Tilad Collection, a decorative furniture piece developed in collaboration with Mexican artist Ricardo Rendon.
“We blended the Emirati handicrafts of safeefah and talli with the crafts as well as the pine wood from Mexico,” says Amal Ismail, who works in the community skills development department at the council. “The woven threads are all produced by women artisans. The towers can be stacked in several ways.”
This year’s Nomad showcase is only the beginning for the event in the UAE capital. Bellavance-Lecompte says the fair will return to the defunct terminal over the next four years, gradually expanding but mindful to keep true to Nomad’s original vision.
“We put everything together in quite a short time frame for this first edition,” Bellavance-Lecompte says. “But we have an open canvas with such a great building, and can devise so many incredible commissions, performances and installations to be in dialogue with the terminal.”
Nomad Abu Dhabi at Terminal 1, Zayed International Airport, Abu Dhabi; November 19-22; www.nomad-circle.com
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Museum of the Future in numbers
- 78 metres is the height of the museum
- 30,000 square metres is its total area
- 17,000 square metres is the length of the stainless steel facade
- 14 kilometres is the length of LED lights used on the facade
- 1,024 individual pieces make up the exterior
- 7 floors in all, with one for administrative offices
- 2,400 diagonally intersecting steel members frame the torus shape
- 100 species of trees and plants dot the gardens
- Dh145 is the price of a ticket
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.”
ANDROID%20VERSION%20NAMES%2C%20IN%20ORDER
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The specs
Engine: 2.0-litre turbo 4-cyl
Transmission: eight-speed auto
Power: 190bhp
Torque: 300Nm
Price: Dh169,900
On sale: now
The%20Witcher%20-%20season%20three
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Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
Keane on …
Liverpool’s Uefa Champions League bid: “They’re great. With the attacking force they have, for me, they’re certainly one of the favourites. You look at the teams left in it - they’re capable of scoring against anybody at any given time. Defensively they’ve been good, so I don’t see any reason why they couldn’t go on and win it.”
Mohamed Salah’s debut campaign at Anfield: “Unbelievable. He’s been phenomenal. You can name the front three, but for him on a personal level, he’s been unreal. He’s been great to watch and hopefully he can continue now until the end of the season - which I’m sure he will, because he’s been in fine form. He’s been incredible this season.”
Zlatan Ibrahimovic’s instant impact at former club LA Galaxy: “Brilliant. It’s been a great start for him and for the club. They were crying out for another big name there. They were lacking that, for the prestige of LA Galaxy. And now they have one of the finest stars. I hope they can go win something this year.”
Dirham Stretcher tips for having a baby in the UAE
Selma Abdelhamid, the group's moderator, offers her guide to guide the cost of having a young family:
• Buy second hand stuff
They grow so fast. Don't get a second hand car seat though, unless you 100 per cent know it's not expired and hasn't been in an accident.
• Get a health card and vaccinate your child for free at government health centres
Ms Ma says she discovered this after spending thousands on vaccinations at private clinics.
• Join mum and baby coffee mornings provided by clinics, babysitting companies or nurseries.
Before joining baby classes ask for a free trial session. This way you will know if it's for you or not. You'll be surprised how great some classes are and how bad others are.
• Once baby is ready for solids, cook at home
Take the food with you in reusable pouches or jars. You'll save a fortune and you'll know exactly what you're feeding your child.
Types of bank fraud
1) Phishing
Fraudsters send an unsolicited email that appears to be from a financial institution or online retailer. The hoax email requests that you provide sensitive information, often by clicking on to a link leading to a fake website.
2) Smishing
The SMS equivalent of phishing. Fraudsters falsify the telephone number through “text spoofing,” so that it appears to be a genuine text from the bank.
3) Vishing
The telephone equivalent of phishing and smishing. Fraudsters may pose as bank staff, police or government officials. They may persuade the consumer to transfer money or divulge personal information.
4) SIM swap
Fraudsters duplicate the SIM of your mobile number without your knowledge or authorisation, allowing them to conduct financial transactions with your bank.
5) Identity theft
Someone illegally obtains your confidential information, through various ways, such as theft of your wallet, bank and utility bill statements, computer intrusion and social networks.
6) Prize scams
Fraudsters claiming to be authorised representatives from well-known organisations (such as Etisalat, du, Dubai Shopping Festival, Expo2020, Lulu Hypermarket etc) contact victims to tell them they have won a cash prize and request them to share confidential banking details to transfer the prize money.
GRAN%20TURISMO
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The specs: 2019 Cadillac XT4
Price, base: Dh145,000
Engine: 2.0-litre turbocharged in-line four-cylinder engine
Transmission: Nine-speed automatic
Power: 237hp @ 5,000rpm
Torque: 350Nm @ 1,500rpm
Fuel economy, combined: 8.7L / 100km
More on Quran memorisation:
Mohammed bin Zayed Majlis
COMPANY%20PROFILE%20
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The specs
Engine: 2x201bhp AC Permanent-magnetic electric
Transmission: n/a
Power: 402bhp
Torque: 659Nm
Price estimate: Dh200,000
On sale: Q3 2022
The specs
Engine: 3-litre twin-turbo V6
Power: 400hp
Torque: 475Nm
Transmission: 9-speed automatic
Price: From Dh215,900
On sale: Now
How Tesla’s price correction has hit fund managers
Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.
It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.
The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.
Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.
Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.
He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.
AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”
A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.
Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.
Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.
Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.
By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.
Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.
In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”
Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.
She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.
Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.
MATCH INFO
Arsenal 1 (Aubameyang 12’) Liverpool 1 (Minamino 73’)
Arsenal win 5-4 on penalties
Man of the Match: Ainsley Maitland-Niles (Arsenal)
EVIL%20DEAD%20RISE
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High profile Al Shabab attacks
- 2010: A restaurant attack in Kampala Uganda kills 74 people watching a Fifa World Cup final football match.
- 2013: The Westgate shopping mall attack, 62 civilians, five Kenyan soldiers and four gunmen are killed.
- 2014: A series of bombings and shootings across Kenya sees scores of civilians killed.
- 2015: Four gunmen attack Garissa University College in northeastern Kenya and take over 700 students hostage, killing those who identified as Christian; 148 die and 79 more are injured.
- 2016: An attack on a Kenyan military base in El Adde Somalia kills 180 soldiers.
- 2017: A suicide truck bombing outside the Safari Hotel in Mogadishu kills 587 people and destroys several city blocks, making it the deadliest attack by the group and the worst in Somalia’s history.
The specs
Engine: 6.2-litre supercharged V8
Power: 712hp at 6,100rpm
Torque: 881Nm at 4,800rpm
Transmission: 8-speed auto
Fuel consumption: 19.6 l/100km
Price: Dh380,000
On sale: now
How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
INFO
SPECS
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The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
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CONFIRMED%20LINE-UP
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No Shame
Lily Allen
(Parlophone)
Warlight,
Michael Ondaatje, Knopf
MATCH INFO
What: Brazil v South Korea
When: Tonight, 5.30pm
Where: Mohamed bin Zayed Stadium, Abu Dhabi
Tickets: www.ticketmaster.ae
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MATCH INFO
Uefa Champions League, semi-final result:
Liverpool 4-0 Barcelona
Liverpool win 4-3 on aggregate
Champions Legaue final: June 1, Madrid
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Yahya Al Ghassani's bio
Date of birth: April 18, 1998
Playing position: Winger
Clubs: 2015-2017 – Al Ahli Dubai; March-June 2018 – Paris FC; August – Al Wahda
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Uefa Nations League: How it Works
The Uefa Nations League, introduced last year, has reached its final stage, to be played over five days in northern Portugal. The format of its closing tournament is compact, spread over two semi-finals, with the first, Portugal versus Switzerland in Porto on Wednesday evening, and the second, England against the Netherlands, in Guimaraes, on Thursday.
The winners of each semi will then meet at Porto’s Dragao stadium on Sunday, with the losing semi-finalists contesting a third-place play-off in Guimaraes earlier that day.
Qualifying for the final stage was via League A of the inaugural Nations League, in which the top 12 European countries according to Uefa's co-efficient seeding system were divided into four groups, the teams playing each other twice between September and November. Portugal, who finished above Italy and Poland, successfully bid to host the finals.
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Top financial tips for graduates
Araminta Robertson, of the Financially Mint blog, shares her financial advice for university leavers:
1. Build digital or technical skills: After graduation, people can find it extremely hard to find jobs. From programming to digital marketing, your early twenties are for building skills. Future employers will want people with tech skills.
2. Side hustle: At 16, I lived in a village and started teaching online, as well as doing work as a virtual assistant and marketer. There are six skills you can use online: translation; teaching; programming; digital marketing; design and writing. If you master two, you’ll always be able to make money.
3. Networking: Knowing how to make connections is extremely useful. Use LinkedIn to find people who have the job you want, connect and ask to meet for coffee. Ask how they did it and if they know anyone who can help you. I secured quite a few clients this way.
4. Pay yourself first: The minute you receive any income, put about 15 per cent aside into a savings account you won’t touch, to go towards your emergency fund or to start investing. I do 20 per cent. It helped me start saving immediately.
Company Profile:
Name: The Protein Bakeshop
Date of start: 2013
Founders: Rashi Chowdhary and Saad Umerani
Based: Dubai
Size, number of employees: 12
Funding/investors: $400,000 (2018)
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