American pop artist Jeff Koons is to send sculptures to the Moon later this year on a spacecraft blasting off from the Kennedy Space Centre in Florida. AFP
American pop artist Jeff Koons is to send sculptures to the Moon later this year on a spacecraft blasting off from the Kennedy Space Centre in Florida. AFP
American pop artist Jeff Koons is to send sculptures to the Moon later this year on a spacecraft blasting off from the Kennedy Space Centre in Florida. AFP
American pop artist Jeff Koons is to send sculptures to the Moon later this year on a spacecraft blasting off from the Kennedy Space Centre in Florida. AFP

Jeff Koons to send sculptures to the Moon for permanent installation


Razmig Bedirian
  • English
  • Arabic

In February, Sacha Jafri announced he will be sending the first official artwork to the Moon.

An engraved plate of aerospace-grade aluminium gold, the artwork, called We Rise Together — with the Light of the Moon, is set to be launched sometime later this year with the Nasa Commercial Lunar Payload Services initiative.

  • Sacha Jafri announced sending the first artwork to the Moon at a press conference at Expo 2020 Dubai on Wednesday, February 23. All photos by Antonie Robertson / The National
    Sacha Jafri announced sending the first artwork to the Moon at a press conference at Expo 2020 Dubai on Wednesday, February 23. All photos by Antonie Robertson / The National
  • An engraved plate of aerospace-grade aluminium gold, the artwork 'We Rise Together — with the Light of the Moon' was created by British artist Sacha Jafri.
    An engraved plate of aerospace-grade aluminium gold, the artwork 'We Rise Together — with the Light of the Moon' was created by British artist Sacha Jafri.
  • Jafri’s artwork will be placed on the Moon with the help of Selenian, a UAE-based company that specialises in the curation of art in space, as well as Spacebit, Astrobotic and Nasa through its Commercial Lunar Payload Services initiative. Pictured is Pavlo Tanasyuk from Spacebit.
    Jafri’s artwork will be placed on the Moon with the help of Selenian, a UAE-based company that specialises in the curation of art in space, as well as Spacebit, Astrobotic and Nasa through its Commercial Lunar Payload Services initiative. Pictured is Pavlo Tanasyuk from Spacebit.
  • The artwork is set to go into space at some point in the second half of 2022.
    The artwork is set to go into space at some point in the second half of 2022.
  • Sacha Jafri, second right, is on stage with James Khazaei, Co-Founder of Selenian and Pavlo Tanasyuk from Spacebit.
    Sacha Jafri, second right, is on stage with James Khazaei, Co-Founder of Selenian and Pavlo Tanasyuk from Spacebit.
  • In addition to We Rise Together — with the Light of the Moon, five charitable NFTs from Jafri will also be launched to commemorate each stage of the mission: the rocket entering the stratosphere, the circumnavigation of the Earth, the Moon slingshot, the landing and the legacy of artwork on the Moon.
    In addition to We Rise Together — with the Light of the Moon, five charitable NFTs from Jafri will also be launched to commemorate each stage of the mission: the rocket entering the stratosphere, the circumnavigation of the Earth, the Moon slingshot, the landing and the legacy of artwork on the Moon.

But Jafri might have a contender in his bid to become the first artist to have a piece of work installed on the lunar surface.

Jeff Koons has now revealed plans of sending sculptures to the Moon. The artist, perhaps best known for his metallic balloon dog sculptures, will be creating a series of works that will be launched into space from the Kennedy Space Centre in Florida.

The sculptures will be left as a permanent installation on the moon. They will be housed in a transparent, thermally-coated miniature satellite.

The project, Moon Phases, will also have a “historically meaningful NFT” component, the American artist said. The sculptures will each have a corresponding NFT. Proceeds from the NFT sales will be donated to Doctors Without Borders.

Pace Gallery’s NFT gallery Pace Verso is organising the project and the NFT sales. Intuitive Machines is creating the lunar lander. 4Space and NFMoon are also involved in the project.

Like with Jafri’s project, a launch date for Jeff Koons: Moon Phases has not been specified. However, they are both scheduled for later this year to coincide with the 50th anniversary of the last manned Moon mission, the Apollo 17 landing in 1972.

The 12-day mission broke many records, including the longest crewed lunar landing mission, the greatest distance gone from a spacecraft during an extravehicular trip at 7.6 kilometres, and the longest total lunar surface extravehicular activities at 22 hours and 40 minutes. It even brought back 115 kilograms of Moon samples, making it the largest lunar sample return.

Fifa Club World Cup:

When: December 6-16
Where: Games to take place at Zayed Sports City in Abu Dhabi and Hazza bin Zayed Stadium in Al Ain
Defending champions: Real Madrid

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

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First Person
Richard Flanagan
Chatto & Windus 

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MATCH INFO

Uefa Nations League

League A, Group 4
Spain v England, 10.45pm (UAE)

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

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.”

In numbers: China in Dubai

The number of Chinese people living in Dubai: An estimated 200,000

Number of Chinese people in International City: Almost 50,000

Daily visitors to Dragon Mart in 2018/19: 120,000

Daily visitors to Dragon Mart in 2010: 20,000

Percentage increase in visitors in eight years: 500 per cent

The specs

  Engine: 2-litre or 3-litre 4Motion all-wheel-drive Power: 250Nm (2-litre); 340 (3-litre) Torque: 450Nm Transmission: 8-speed automatic Starting price: From Dh212,000 On sale: Now

Have you been targeted?

Tuan Phan of SimplyFI.org lists five signs you have been mis-sold to:

1. Your pension fund has been placed inside an offshore insurance wrapper with a hefty upfront commission.

2. The money has been transferred into a structured note. These products have high upfront, recurring commission and should never be in a pension account.

3. You have also been sold investment funds with an upfront initial charge of around 5 per cent. ETFs, for example, have no upfront charges.

4. The adviser charges a 1 per cent charge for managing your assets. They are being paid for doing nothing. They have already claimed massive amounts in hidden upfront commission.

5. Total annual management cost for your pension account is 2 per cent or more, including platform, underlying fund and advice charges.

Cricket World Cup League 2

UAE squad

Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind

Fixtures

Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE

if you go

The flights

Etihad, Emirates and Singapore Airlines fly direct from the UAE to Singapore from Dh2,265 return including taxes. The flight takes about 7 hours.

The hotel

Rooms at the M Social Singapore cost from SG $179 (Dh488) per night including taxes.

The tour

Makan Makan Walking group tours costs from SG $90 (Dh245) per person for about three hours. Tailor-made tours can be arranged. For details go to www.woknstroll.com.sg

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Defending champions

World Series: South Africa
Women’s World Series: Australia
Gulf Men’s League: Dubai Exiles
Gulf Men’s Social: Mediclinic Barrelhouse Warriors
Gulf Vets: Jebel Ali Dragons Veterans
Gulf Women: Dubai Sports City Eagles
Gulf Under 19: British School Al Khubairat
Gulf Under 19 Girls: Dubai Exiles
UAE National Schools: Al Safa School
International Invitational: Speranza 22
International Vets: Joining Jack

Company profile

Name: Fruitful Day

Founders: Marie-Christine Luijckx, Lyla Dalal AlRawi, Lindsey Fournie

Based: Dubai, UAE

Founded: 2015

Number of employees: 30

Sector: F&B

Funding so far: Dh3 million

Future funding plans: None at present

Future markets: Saudi Arabia, potentially Kuwait and other GCC countries

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

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Stage 5 results

1 Tadej Pogacar (SLO) UAE Team Emirates 3:48:53

2 Alexey Lutsenko (KAZ) Astana Pro Team -

Adam Yates (GBR) Mitchelton-Scott - 

4 David Gaudu (FRA) Groupama-FDJ  0:00:04

5 Ilnur Zakarin (RUS) CCC Team 0:00:07

General Classification:

1 Adam Yates (GBR) Mitchelton-Scott 20:35:04

2 Tadej Pogacar (SlO) UAE Team Emirates 0:01:01

3 Alexey Lutsenko (KAZ) Astana Pro Team 0:01:33

4 David Gaudu (FRA) Groupama-FDJ 0:01:48

5 Rafał Majka (POL) Bora-Hansgrohe 0:02:11

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Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

How to register as a donor

1) Organ donors can register on the Hayat app, run by the Ministry of Health and Prevention

2) There are about 11,000 patients in the country in need of organ transplants

3) People must be over 21. Emiratis and residents can register. 

4) The campaign uses the hashtag  #donate_hope

List of alleged parties

 May 15 2020: PM and Carrie attend 'work meeting' with at
least 17 staff members

May 20 2020: PM and Carrie attend 'bring your own booze'
party

Nov 27 2020: PM gives speech at leaving do for his staff

Dec 10 2020: Staff party held by then-education secretary
Gavin Williamson

Dec 13 2020: PM and Carrie throw a flat party

Dec 14 2020: London mayor candidate Shaun Bailey holds staff party at Conservative
Party headquarters

Dec 15 2020: PM takes part in a staff quiz

Dec 18 2020: Downing Street Christmas party

Updated: March 30, 2022, 7:22 AM