After a scaled-down affair last year, Art Dubai is hoping for a strong comeback with new partnerships and commissioned works, along with a focus on crypto art.
The fair has announced more details on its 15th event, which returns to its usual venue at Madinat Jumeirah. Previews will take place on March 9 and 10, while public days will run from March 11 to 13.
A new partnership between Art Dubai, Warehouse421 and the Salama Bint Hamdan Emerging Artist Fellowship will culminate in an exhibition on Seaf’s eight-year history. Curated by Maryam Al Dabbagh and Mays Albaik, the show will include painting, textile, video and photography, and will consider notions of collective memory.
This year, another partnership has entered the fold. Singapore cryptocurrency exchange Bybit is helping Art Dubai’s NFT push with Bybit Talks, a programme that aims to provide more insight into digital media, NFTs and cryptocurrency.
Speakers include Tamas Banovich, co-founder of Postmasters, a New York gallery that has presented digital works since the 1980s; Seth Goldstein, co-founder of the Decentralised Autonomous Organisation Bright Moments; and Jenn Ellis, co-founder of Aora Space, a virtual platform for art.
Although the online world and NFTs are the focus of the new Art Dubai Digital, in-person exhibitions will still be seen at the fair.
Curated by Chris Fussner, director of the Tropical Futures Institute in Cebu in the Philippines, the section includes 17 galleries and platforms.
It features pieces by Refik Anadol (represented by Pilevneli gallery), a Turkish-American artists whose work visualises data sets; Georgian artist Uta Bekaia, who performs in wearable sculptures, and Denis Davydov, who works with generative graphics (both represented by Window Project gallery).
Art Dubai Digital will also include presentations by Institut, Bright Moments, Fingerprints DAO and Cyber Baat.
Russian artist Marina Fedorova will present her immersive installation COSMODREAMS, which looks at technology’s impact on the environment and people.
The work, which blends painting and sculpture with augmented and virtual reality, was previously shown at the Erarta Museum of Contemporary Art in St Petersburg. Visitors will be able to use their smartphones to interact with the artist’s futuristic visuals that transport viewers to a dystopian world.
This year, Campus Art Dubai has also gone digital, and an exhibition of NFTs featuring 12 artists from the UAE and abroad will be shown.
Among Art Dubai’s commissions for 2022 is INLAND by Madrid-born artist Fernando Garcia-Dory. Combining elements of archaeology, hydrology and urbanism, the work, titled Sand Flow, will explore the Middle East’s heritage and Dubai’s history.
INLAND is Garcia-Dory’s arts collective, started in 2009 as a way for artists to come together on themes of territory, culture and social change.
Meanwhile, an interactive video installation that simulates raindrops and fog, by light artist James Clar, will be shown at the Julius Baer lounge.
The fair will also host two other talks in March. Themed This is the Picture, the 15th Global Art Forum will focus on various crypto worlds, currency, art, gaming, the metaverse and Web3. The programme will feature filmmaker Hito Steyerl, composer Holly Herndon and artist and researcher Mat Dryhurst, plus crypto collectors Guy Ullens and Ryan Zurrer.
Outside of the digital realm is Art Dubai Modern Talks, which will take place from March to 12. Collaborating with the Dubai Collection, which had its first exhibition this year, the programme will delve into the lives and works of 20th century artists from the Middle East, Africa and South Asia.
Speakers include Nima Sagharchi, director of Middle Eastern, Islamic and South Asian Art at auction house Bonhams, and curators Sam Bardaouil and Munira Al Sayegh.
Art Dubai 2022 will welcome 100 exhibitors, with 30 at the fair for the first time.
Art Dubai will take place at Madinat Jumeirah from March 11 to 13. More information is available at artdubai.ae
Art Dubai 2021 - in pictures
The six points:
1. Ministers should be in the field, instead of always at conferences
2. Foreign diplomacy must be left to the Ministry of Foreign Affairs and International Co-operation
3. Emiratisation is a top priority that will have a renewed push behind it
4. The UAE's economy must continue to thrive and grow
5. Complaints from the public must be addressed, not avoided
6. Have hope for the future, what is yet to come is bigger and better than before
The biog
Favourite film: Motorcycle Dairies, Monsieur Hulot’s Holiday, Kagemusha
Favourite book: One Hundred Years of Solitude
Holiday destination: Sri Lanka
First car: VW Golf
Proudest achievement: Building Robotics Labs at Khalifa University and King’s College London, Daughters
Driverless cars or drones: Driverless Cars
How Islam's view of posthumous transplant surgery changed
Transplants from the deceased have been carried out in hospitals across the globe for decades, but in some countries in the Middle East, including the UAE, the practise was banned until relatively recently.
Opinion has been divided as to whether organ donations from a deceased person is permissible in Islam.
The body is viewed as sacred, during and after death, thus prohibiting cremation and tattoos.
One school of thought viewed the removal of organs after death as equally impermissible.
That view has largely changed, and among scholars and indeed many in society, to be seen as permissible to save another life.
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.”
World record transfers
1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
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COMPANY PROFILE
Name: N2 Technology
Founded: 2018
Based: Dubai, UAE
Sector: Startups
Size: 14
Funding: $1.7m from HNIs
SPECS
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ENGLAND SQUAD
Goalkeepers: Jack Butland, Jordan Pickford, Nick Pope
Defenders: John Stones, Harry Maguire, Phil Jones, Kyle Walker, Kieran Trippier, Gary Cahill, Ashley Young, Danny Rose, Trent Alexander-Arnold
Midfielders: Eric Dier, Jordan Henderson, Dele Alli, Jesse Lingard, Raheem Sterling, Ruben Loftus-Cheek, Fabian Delph
Forwards: Harry Kane, Jamie Vardy, Marcus Rashford, Danny Welbeck
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
Farasan Boat: 128km Away from Anchorage
Director: Mowaffaq Alobaid
Stars: Abdulaziz Almadhi, Mohammed Al Akkasi, Ali Al Suhaibani
Rating: 4/5
Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
COMPANY%20PROFILE
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Spider-Man: No Way Home
Director: Jon Watts
Stars: Tom Holland, Zendaya, Jacob Batalon
Rating:*****
THE NEW BATCH'S FOCUS SECTORS
AiFlux – renewables, oil and gas
DevisionX – manufacturing
Event Gates – security and manufacturing
Farmdar – agriculture
Farmin – smart cities
Greener Crop – agriculture
Ipera.ai – space digitisation
Lune Technologies – fibre-optics
Monak – delivery
NutzenTech – environment
Nybl – machine learning
Occicor – shelf management
Olymon Solutions – smart automation
Pivony – user-generated data
PowerDev – energy big data
Sav – finance
Searover – renewables
Swftbox – delivery
Trade Capital Partners – FinTech
Valorafutbol – sports and entertainment
Workfam – employee engagement
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