The Dubai Collection will open its first exhibition, which will include works from the private collection of Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, at the Etihad Museum on November 6.
A partnership between Dubai Culture and Art Dubai, the initiative was launched in October 2020 and hopes to create an institutional collection for the emirate with the participation of local art patrons.
The overall aim of The Dubai Collection is to make art collecting more visible and promote a collector base in the UAE.
Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Chair of the Dubai Collection’s Steering Committee, called the opening a “milestone in the Dubai Collection’s trajectory”.
She also highlighted the inclusion of artworks from Sheikh Mohammed’s collection as a reflection of “commitment and support” to Dubai’s creative sector. “The exhibition will present a rich narrative of 20th century Arab art, which will also highlight the role the Gulf played in documenting this artistic period,” she continued.
The show, titled When Images Speak: Highlights from the Dubai Collection, contains three thematic chapters wherein the works operate as markers of the region’s art history with works by Dia Azzawi, Baya Mahieddine, Naziha Selim, Abdul Qader Al Rais and Fateh Moudarres.
Curator Nada Shabout, who is an art historian, author and professor, said that the exhibition presents “a historical survey of modern and contemporary art from the region” and will include “influential and progressive artists, all of whom played a pivotal role in shaping the modern movements in the region and reflect the socio-cultural dynamics of their time.”
“The 20th century was one of major shifts that resulted in founding the different countries of the Arab World, following periods of colonisation and struggles for independence. In forming national identities and iconography, those artists played a vital role that further aided in the construction of the national consciousness,” she explained.
The first section, Abstract Variations, focuses on the use of abstraction by modern Arab artists such as Azzawi and Omar El Nagdi, who used it as a way to resist, but also to innovate and imagine the future for art in the region.
The show’s second chapter, Societies in Transition, features the works of Mahieddine, Selim, and Asaad Arabi, using the lens of the artist to consider issues in society, history and culture, specifically with the importance of cultural identity amid the rise of internationalism.
Finally, the third section, Evoking the Environment, explores how artists have dealt with place and cities as a way to understand notions of nationhood, belonging, as well as the changing landscapes as areas turned from rural to urban.
Launching alongside the exhibition is the digital catalogue of the works and biographical information on the artists included in the show.
When Images Speak: Highlights from the Dubai Collection will open on Saturday, November 6 at Etihad Museum.
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Retirement funds heavily invested in equities at a risky time
Pension funds in growing economies in Asia, Latin America and the Middle East have a sharply higher percentage of assets parked in stocks, just at a time when trade tensions threaten to derail markets.
Retirement money managers in 14 geographies now allocate 40 per cent of their assets to equities, an 8 percentage-point climb over the past five years, according to a Mercer survey released last week that canvassed government, corporate and mandatory pension funds with almost $5 trillion in assets under management. That compares with about 25 per cent for pension funds in Europe.
The escalating trade spat between the US and China has heightened fears that stocks are ripe for a downturn. With tensions mounting and outcomes driven more by politics than economics, the S&P 500 Index will be on course for a “full-scale bear market” without Federal Reserve interest-rate cuts, Citigroup’s global macro strategy team said earlier this week.
The increased allocation to equities by growth-market pension funds has come at the expense of fixed-income investments, which declined 11 percentage points over the five years, according to the survey.
Hong Kong funds have the highest exposure to equities at 66 per cent, although that’s been relatively stable over the period. Japan’s equity allocation jumped 13 percentage points while South Korea’s increased 8 percentage points.
The money managers are also directing a higher portion of their funds to assets outside of their home countries. On average, foreign stocks now account for 49 per cent of respondents’ equity investments, 4 percentage points higher than five years ago, while foreign fixed-income exposure climbed 7 percentage points to 23 per cent. Funds in Japan, South Korea, Malaysia and Taiwan are among those seeking greater diversification in stocks and fixed income.
• Bloomberg
Ziina users can donate to relief efforts in Beirut
Ziina users will be able to use the app to help relief efforts in Beirut, which has been left reeling after an August blast caused an estimated $15 billion in damage and left thousands homeless. Ziina has partnered with the United Nations High Commissioner for Refugees to raise money for the Lebanese capital, co-founder Faisal Toukan says. “As of October 1, the UNHCR has the first certified badge on Ziina and is automatically part of user's top friends' list during this campaign. Users can now donate any amount to the Beirut relief with two clicks. The money raised will go towards rebuilding houses for the families that were impacted by the explosion.”
A cryptocurrency primer for beginners
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Who is Mohammed Al Halbousi?
The new speaker of Iraq’s parliament Mohammed Al Halbousi is the youngest person ever to serve in the role.
The 37-year-old was born in Al Garmah in Anbar and studied civil engineering in Baghdad before going into business. His development company Al Hadeed undertook reconstruction contracts rebuilding parts of Fallujah’s infrastructure.
He entered parliament in 2014 and served as a member of the human rights and finance committees until 2017. In August last year he was appointed governor of Anbar, a role in which he has struggled to secure funding to provide services in the war-damaged province and to secure the withdrawal of Shia militias. He relinquished the post when he was sworn in as a member of parliament on September 3.
He is a member of the Al Hal Sunni-based political party and the Sunni-led Coalition of Iraqi Forces, which is Iraq’s largest Sunni alliance with 37 seats from the May 12 election.
He maintains good relations with former Prime Minister Nouri Al Maliki’s State of Law Coaliton, Hadi Al Amiri’s Badr Organisation and Iranian officials.
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4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
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7.40pm: Straight No Chaser
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8.50pm: Calandogan
9.30pm: Forever Young
More Expo 2020 Dubai pavilions:
SERIE A FIXTURES
Saturday Benevento v Atalanta (2pm), Genoa v Bologna (5pm), AC Milan v Torino (7.45pm)
Sunday Roma v Inter Milan (3.30pm), Udinese v Napoli, Hellas Verona v Crotone, Parma v Lazio (2pm), Fiorentina v Cagliari (9pm), Juventus v Sassuolo (11.45pm)
Monday Spezia v Sampdoria (11.45pm)
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The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
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