• Devashish Gaur, 'Diptych, Witnesses of Existence' from the series 'This is the Closest We Will Get’. The annual exhibition is taking place at Al Hamriyah Studios in Sharjah until December 18. All photos: Sharjah Art Foundation
    Devashish Gaur, 'Diptych, Witnesses of Existence' from the series 'This is the Closest We Will Get’. The annual exhibition is taking place at Al Hamriyah Studios in Sharjah until December 18. All photos: Sharjah Art Foundation
  • Isik Kaya 'Untitled I' from the series 'Second Nature’
    Isik Kaya 'Untitled I' from the series 'Second Nature’
  • Isik Kaya was named the winner of the conceptual photography category
    Isik Kaya was named the winner of the conceptual photography category
  • Reyad Abedin's 'In Search of Lost Tune I'
    Reyad Abedin's 'In Search of Lost Tune I'
  • An untitled photograph from Khadija El Abyad's ‘Défilé de l'intime’ series
    An untitled photograph from Khadija El Abyad's ‘Défilé de l'intime’ series
  • Devashish Gaur was selected as winner of the experimental photography award for his six-part photo series 'This is the Closest We Will Get'
    Devashish Gaur was selected as winner of the experimental photography award for his six-part photo series 'This is the Closest We Will Get'
  • Khadija El Abyad was named the winner of the staged photography category at this year’s Vantage Point Sharjah
    Khadija El Abyad was named the winner of the staged photography category at this year’s Vantage Point Sharjah
  • Bangladeshi photographer Reyad Abedin won the award for photojournalism and documentary photography
    Bangladeshi photographer Reyad Abedin won the award for photojournalism and documentary photography

Vantage Point Sharjah 9 showcases photographs by 50 international artists


Razmig Bedirian
  • English
  • Arabic

A woman lies face down on the ground. Her hair is drawn out over her head and clasped between two rocks. The photograph, captured in a warm monochrome, is by Moroccan artist Khadija El Abyad.

It is one out of five in a series titled Defile de L’intime that present human hair as a metaphor for the body. The images are a performance, the artist says, “to embody the caricatures and taboos woven into the female form".

The series was selected as the winner of the Staged Photography category at this year’s Vantage Point Sharjah, a three-month exhibition by the Sharjah Art Foundation that began on Saturday.

Khadija El Abyad was named the winner of the Staged Photography category at this year’s Vantage Point Sharjah. Photo: Sharjah Art Foundation
Khadija El Abyad was named the winner of the Staged Photography category at this year’s Vantage Point Sharjah. Photo: Sharjah Art Foundation

The event, now in its ninth year, has returned to Al Hamriyah Studios, where it took place last year. Works by 50 photographs from 30 countries are being featured in the space. The photographs are being exhibited under four novel categories – conceptual, experimental, photojournalism and documentary, and staged photography.

A jury of four well-established photographers – Ammar Al Attar, Sham Enbashi, Alia Al Shamsi and M’hammed Kilito – sifted through more than 500 photographs, selecting a winner from every category. Winners will each receive $1,500.

“Successful works of staged photography are the ones that allow room for the naturally existing and the uncontrollable to exist simultaneously,” Enbashi said of El Abyad’s photographs. “I believe [she] achieved that successfully.”

Turkish photographer Isik Kaya was named the winner of the conceptual photography category. The works show cellular towers disguised amid palm trees and touch on the fantastical. The artist has played with shadow and colour – saturating greens with a neon intensity in some photographs and brushing a sepia-like tint on others.

These images are part of a series titled Second Nature, which, according to the artist, “explores artefacts of the digital age that have become part of the South Californian landscape”. Camouflaged cell towers, which were first manufactured in 1992, are “a metaphor for how the idea of utility determines the neoliberal relationship with nature”.

Isik Kaya was named the winner of the conceptual photography category. Photo: Sharjah Art Foundation
Isik Kaya was named the winner of the conceptual photography category. Photo: Sharjah Art Foundation

Second Nature is an original project with a sophisticated visual language whose technical execution is exemplary,” Kilito said of the winning work. “It stimulates and connects with the viewer's intellect and emotions, inviting us to stop, engage and want to discover more about the subject at hand."

Devashish Gaur was selected as winner of the experimental photography award for his six-part photo series This is the Closest We Will Get. The work is an intergenerational exploration of identity as Gaur attempts to reconstruct the life of his grandfather, whom he never met but whose habits and interests he is told he shares.

The journey of discovery also prompts the Indian artist to explore his relationship with his father, from whom he feels distant despite living in proximity. The exhibited photographs show collaged strips of eyes, old family portraits and pictures Gaur captured of his grandfather’s house.

Devashish Gaur was selected as winner of the experimental photography award for his six-part photo series 'This is the Closest We Will Get'. Photo: Sharjah Art Foundation
Devashish Gaur was selected as winner of the experimental photography award for his six-part photo series 'This is the Closest We Will Get'. Photo: Sharjah Art Foundation

“Gaur was often told that he shared the same character as his grandfather,” jury member Al Attar said. “He imbues his photographic series with this connection, depicting stories from his grandfather and addresses complex subjects like existence, balance and intimacy with loved ones lost.”

Bangladeshi photographer Reyad Abedin won the award for photojournalism and documentary photography for works from both his In Search of Lost Tune and The Name of My City is Dust, Smoke and Life series.

“The photographs aim to show how radical changes in the environment can have devastating results that endanger the human race,” Abedin says. The works show Dhaka as it undergoes drastic yet ill-planned infrastructural changes, carried out with no regard for ecological impact.

Reyad Abedin 'In Search of Lost Tune I' from the series ‘In Search of Lost Tune'. Photo: Sharjah Art Foundation
Reyad Abedin 'In Search of Lost Tune I' from the series ‘In Search of Lost Tune'. Photo: Sharjah Art Foundation

“Abedin’s body of work transmutes a level of peacefulness and aesthetic beauty that not only captures the attention of the viewer but engages him/her to lose him/herself within the image that without words narrates a story,” jury member Al Shamsi said.

May Rashid, who is part of the curatorial team behind Vantage Point Sharjah, says the annual exhibition traditionally focused on themes that included portraiture, performance, and architecture and urban landscape. This year, the team decided to expand the playing field.

“We wanted to show a wider range of exploring photography as a medium,” she says.

Deciding on how to exhibit works by more than 50 artists may have been a curatorial challenge, but Rashid says the team noticed recurring themes in many of the submissions.

“A large group of them discussed issues related to identity and also reflected on the environment around them,” she says. “Many of them talk about the environmental issues in the places they are living in. Most also touched upon recent global events, from riots to being stuck at home.”

Instead of being organised according to category, the long hallways of Al Hamriyah Studios, which border a central open-air courtyard, are decked with disparate photographs that blend narratively and thematically.

“It was interesting how each photographer was speaking to the other, without them knowing one another,” Rashid says. There are also photographers who captured the same event, but from two varying perspectives.

“We had two photographers document the recent Delhi riots; you can see different perspectives in each of them,” she says. “While one captured the violence, the other depicted the protesting aspect of it, of people coming together.”

Vantage Point Sharjah 9 will be showing at Al Hamriyah Studios in Al Hamriyah from September 18 to December 18

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

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.”

Results

5pm: Maiden (PA) Dh80,000 (Turf) 1,200m, Winner: ES Rubban, Antonio Fresu (jockey), Ibrahim Aseel (trainer)

5.30pm: Handicap (PA) Dh85,000 (T) 1,200m, Winner: Al Mobher, Sczcepan Mazur, Ibrahim Al Hadhrami

6pm: Handicap (PA) Dh80,000 (T) 2,200m, Winner: Jabalini, Tadhg O’Shea, Ibrahim Al Hadhrami

6.30pm: Wathba Stallions Cup (PA) Dh70,000 (T) 2,200m, Winner: AF Abahe, Tadgh O’Shea, Ernst Oertel

7pm: Handicap (PA) Dh85,000 (T) 1,600m, Winner: AF Makerah, Tadhg O’Shea, Ernst Oertel

7.30pm: Maiden (TB) Dh80,000 (T) 1,600m, Winner: Law Of Peace, Tadhg O’Shea, Satish Seemar

 

 

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Updated: September 20, 2021, 8:41 AM