With the return of Art Dubai and the start of Sharjah Art Foundation’s spring 2022 programme, the UAE’s busiest art season is set to make a strong comeback after a muted two years owing to the pandemic.
At Alserkal Avenue, Alserkal Art Week returns from March 3 to 13 with new exhibitions across its galleries and a major show by the Alserkal Arts Foundation at Concrete. Alserkal Lates, which takes place on March 8, will feature a number of exhibition openings and a full day of talks with artists, curators and filmmakers.
Here are some of the shows to see and things to do during the week and beyond.
A Slightly Curving Place, Alserkal Arts Foundation
Curated by Nida Ghouse, A Slightly Curving Place centres on the act of listening. Specifically, to hear what sound can say about the past through acoustic archaeology. “An archaeology of sound is primarily concerned with what it means to try and listen to the past, to that which may forever remain outside the range of our hearing,” said Ghouse.
Featuring audio works, video installation and objects in vitrines, the exhibition responds to the work of Indian sound artist Umashankar Manthravadi, whose studies in archaeoacoustics has enabled him to determine the sound properties of spaces.
The exhibition includes writers, composers, actors, dancers, musicians, field recordists and graphic designers who will influence and transform each other’s work.
A Slightly Curving Place will run from March 3 to 22 at Concrete, Alserkal Avenue
Retrospective: The Films of Joana Hadjithomas and Khalil Joreige, Cinema Akil
Throughout March, Cinema Akil will present a retrospective of Joana Hadjithomas and Khalil Joreige’s films. The artists and filmmakers have collaborated on a number of films, installations and photographs that examine the power of the image and archive, specifically in relation to the Lebanese Civil War. The programme at Cinema Akil includes an exclusive GCC release of the film Memory Box (2021), which premiered at the Berlin International Film Festival last year. Other films to be shown include The Lebanese Rocket Society (2012), Ismyrna (2016) and I Want to See (2008).
Alongside the film retrospective, The Third Line gallery will also be presenting a solo exhibition of the duo’s latest work, Unconformities.
The screenings will run from March 3 to 23 at Cinema Akil
Lakes Drying, Tides Rising by Nazgol Ansarinia, Green Art Gallery
For her third solo exhibition at Green Art Gallery, Nazgol Ansarinia presents new sculptures, videos and drawings that consider the idea of collective desire through Iran’s water crisis and its effects on the landscape of the city.
In her work, Ansarinia uses everyday objects and structures, including architecture and infrastructure, to examine the underlying political and socio-economic systems that govern our world.
Lakes Drying, Tides Rising runs from March 8 to May 7 at Green Art Gallery
Wim Delvoye at Leila Heller Gallery
Belgian neo-conceptual artist Wim Delvoye has cultivated a wide-ranging practice that has produced subversive and intriguing works. Among his best-known installations is Cloaca, a digestive machine that turns food into faeces, exhibited at a museum in Antwerp.
For the show at Leila Heller, the gallery is presenting pieces from his body of Gothic works from the 2000s. In these models, the artist fashions trucks, towers and pergolas from laser-cut steel designed in medieval Gothic style.
Wim Delvoye is on view from March 7 to September 15 at Leila Heller Gallery
'The Guernica Project' by Raghava KK at Volte Art Projects
Inspired by Picasso’s 1937 painting Guernica, artist Raghava KK has created his own monumental painting that also has digital elements. In it, the artist from India reimagines Picasso’s dismembered and distraught figures into odder characters from cartoons and memes.
The Guernica Project at Volte Art Projects features Guernica for the Siri-ocene, an ever-growing series that comprises digital prints, NFTs and paintings. The painting is the basis of the work, and 69 NFTs have been created from the characters on the canvas. Last year, the artist sold his NFT works for $94,000 at Sotheby’s.
The work will also be shown at the digital section of Art Dubai.
The Guernica Project is on view until April 16 at Volte Art Projects
'Shifting the Center Table' by Shreyas Karle at Grey Noise
Artist Shreyas Karle transforms the gallery space at Grey Noise with an assortment of objects, domestic and decorative. The show gathers items that Karle has collected, combined and repurposed over time in his studio in Goa. The arrangement inside the gallery asks questions about space, display and perception. The exhibition text reads, “Does it matter anymore if the center table is shifted towards the wall? Does the center table lose its value if shifted towards the wall? Does the wall gain value if it harbors the table?”.
In his works, which encompass drawing, video, sculpture and collage, Karle often uses “visual puns” that recast everyday objects and situations in a new light.
Shifting the Center Table is on view until March 31 at Grey Noise
Order of Magnitude by Jitish Kallat at Ishara Art Foundation
At the heart of Jitish Kallat’s first major solo exhibition in the region is an examination of “the interrelationship between the cosmic and the terrestrial”. Bringing together new and previous works, Order of Magnitude includes Integer Studies (Drawings from Life), created by Kallat in 2021. The series of drawings revolve around three sets of numbers: the world population, number of new births and number of deaths during the work’s creation. The result is a graphic contemplation on life, death and extinction.
Other works in the show include an immersive installation, a wall-size painting that mimics the conic Albers projection of the Earth, plus photo works that recreate and rearrange pictures from the Museum of Modern Art’s Family of Man exhibition in 1955.
Order of Magnitude is on view until July 1 at Ishara Art Foundation
Majlis Talks on Alserkal Lates
Alserkal’s programme of talks returns this year on the day of Alserkal Lates, on March 8. Held in The Yard, a gathering space outside of the Concrete building in the avenue, the talks include a conversation between artist Michael Sailstorfer and writer Kevin Jones. Sailstorfer is a German artist whose sculptures and site-specific interventions play with how we perceive objects and their physical properties. His work will be on view at Carbon 12 gallery for a new show Heavy Eyes that opens on March 8. Other speakers include Hadjithomas, Delvoye, Ian Abell, Cyril Zammit and Augustine Paredes.
Majlis Talks will take place on March 8 from 4:30pm to 7pm in The Yard, Alserkal Avenue.
More information is available at alserkal.online
Sheer grandeur
The Owo building is 14 storeys high, seven of which are below ground, with the 30,000 square feet of amenities located subterranean, including a 16-seat private cinema, seven lounges, a gym, games room, treatment suites and bicycle storage.
A clear distinction between the residences and the Raffles hotel with the amenities operated separately.
What is a Ponzi scheme?
A fraudulent investment operation where the scammer provides fake reports and generates returns for old investors through money paid by new investors, rather than through ligitimate business activities.
Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
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
Tips to keep your car cool
- Place a sun reflector in your windshield when not driving
- Park in shaded or covered areas
- Add tint to windows
- Wrap your car to change the exterior colour
- Pick light interiors - choose colours such as beige and cream for seats and dashboard furniture
- Avoid leather interiors as these absorb more heat
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Company%20Profile
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Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
Essentials
The flights
Emirates and Etihad fly direct from the UAE to Geneva from Dh2,845 return, including taxes. The flight takes 6 hours.
The package
Clinique La Prairie offers a variety of programmes. A six-night Master Detox costs from 14,900 Swiss francs (Dh57,655), including all food, accommodation and a set schedule of medical consultations and spa treatments.
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MATCH INFO
Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid
When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid
Napoleon
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The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5
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KILLING OF QASSEM SULEIMANI
SUNDAY'S ABU DHABI T10 MATCHES
Northern Warriors v Team Abu Dhabi, 3.30pm
Bangla Tigers v Karnataka Tuskers, 5.45pm
Qalandars v Maratha Arabians, 8pm
More coverage from the Future Forum
The five pillars of Islam
Know your Camel lingo
The bairaq is a competition for the best herd of 50 camels, named for the banner its winner takes home
Namoos - a word of congratulations reserved for falconry competitions, camel races and camel pageants. It best translates as 'the pride of victory' - and for competitors, it is priceless
Asayel camels - sleek, short-haired hound-like racers
Majahim - chocolate-brown camels that can grow to weigh two tonnes. They were only valued for milk until camel pageantry took off in the 1990s
Millions Street - the thoroughfare where camels are led and where white 4x4s throng throughout the festival
Tailors and retailers miss out on back-to-school rush
Tailors and retailers across the city said it was an ominous start to what is usually a busy season for sales.
With many parents opting to continue home learning for their children, the usual rush to buy school uniforms was muted this year.
“So far we have taken about 70 to 80 orders for items like shirts and trousers,” said Vikram Attrai, manager at Stallion Bespoke Tailors in Dubai.
“Last year in the same period we had about 200 orders and lots of demand.
“We custom fit uniform pieces and use materials such as cotton, wool and cashmere.
“Depending on size, a white shirt with logo is priced at about Dh100 to Dh150 and shorts, trousers, skirts and dresses cost between Dh150 to Dh250 a piece.”
A spokesman for Threads, a uniform shop based in Times Square Centre Dubai, said customer footfall had slowed down dramatically over the past few months.
“Now parents have the option to keep children doing online learning they don’t need uniforms so it has quietened down.”
Gifts exchanged
- King Charles - replica of President Eisenhower Sword
- Queen Camilla - Tiffany & Co vintage 18-carat gold, diamond and ruby flower brooch
- Donald Trump - hand-bound leather book with Declaration of Independence
- Melania Trump - personalised Anya Hindmarch handbag
MATCH INFO
New Zealand 176-8 (20 ovs)
England 155 (19.5 ovs)
New Zealand win by 21 runs
Race card
6.30pm: Al Maktoum Challenge Round-3 Group 1 (PA) US$100,000 (Dirt) 2,000m
7.05pm: Meydan Classic Listed (TB) $175,000 (Turf) 1,600m
7.40pm: Handicap (TB) $135,000 (T) 2,000m
8.15pm: Handicap (TB) $135,000 (D) 1,600m
8.50pm: Nad Al Sheba Trophy Group 2 (TB) $300,000 (T) 2,810m
9.25pm: Curlin Stakes Listed (TB) $175,000 (D) 2,000m
10pm: Handicap (TB) $135,000 (T) 2,000m
10.35pm: Handicap (TB) $175,000 (T) 1,400m
The National selections
6.30pm: Shahm, 7.05pm: Well Of Wisdom, 7.40pm: Lucius Tiberius, 8.15pm: Captain Von Trapp, 8.50pm: Secret Advisor, 9.25pm: George Villiers, 10pm: American Graffiti, 10.35pm: On The Warpath
GROUP RESULTS
Group A
Results
Ireland beat UAE by 226 runs
West Indies beat Netherlands by 54 runs
Group B
Results
Zimbabwe tied with Scotland
Nepal beat Hong Kong by five wickets
England ODI squad
Eoin Morgan (captain), Moeen Ali, Jonny Bairstow, Jake Ball, Sam Billings, Jos Buttler, Tom Curran, Alex Hales, Liam Plunkett, Adil Rashid, Joe Root, Jason Roy, Ben Stokes, David Willey, Chris Woakes, Mark Wood.
Will the pound fall to parity with the dollar?
The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.
Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.
New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.
“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.
The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.
The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.
Bloomberg
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.”
Company Profile
Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million
The years Ramadan fell in May
Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
- Do not leave electric scooter in locations that obstruct traffic or pedestrians
- Solo riders only, no passengers allowed
- Do not drive outside designated lanes
The biog
Nickname: Mama Nadia to children, staff and parents
Education: Bachelors degree in English Literature with Social work from UAE University
As a child: Kept sweets on the window sill for workers, set aside money to pay for education of needy families
Holidays: Spends most of her days off at Senses often with her family who describe the centre as part of their life too