"A lot of time I find the back of artworks more beautiful than the front," says Dubai artist and art collector Rami Farook. "There is a mystery to just seeing the back and wondering, what is on the front? Is it blank? Is it beautiful? Is it horrible?"
Farook has opened a retrospective of his paintings in Dubai, curated by Ruba Al-Sweel, at the restaurant and exhibition space Maisan in Al Barsha South. Some of the works are from 2014, made in his studio at Satellite in Alserkal Avenue, but there are also more recent paintings created at home during the coronavirus pandemic.
They blend elements of his autobiography: there are almost claustrophobic drawings he made of online content at the time movement restrictions were in place, as well as a painting he worked up from a canvas his daughter began and later discarded.
In a painting made of a canvas stretcher (a painting of the back of this painting, 2020), done in hyperrealist style in collaboration with Nigerian artist Wisdom, he shows the literal back-end of production.
The art context as subject is fitting for Farook, whose galleries Satellite and Traffic played an important role in the 2000s in establishing the roots of the city's current art scene.
Traffic and Satellite, which Farook established in Al Barsha and Alserkal Avenue respectively, were two of the first exhibition spaces in Dubai. They became a key part of the scene that was orientated around Art Dubai and the publication Bidoun, and which deliberately looked towards the international circuit.
At Traffic, Farook represented a number of artists who are now part of the Gulf establishment, such as Ahmed Mater, Abdulnasser Gharem, Ramin and Rokni Haerizadeh and Hesam Rahmanian.
Farook's exhibition item discontinued shows glimpses of the period after he withdrew from a public-facing role. In 2012, he became an artist himself, showing his work alongside the different artists he supported. Satellite slowed down its activities, though it still hosts some pop-up exhibitions, and Farook began using it more as a studio.
“It was always about creation, exhibition and exchange,” he says of his early ventures. “Supporting artists in creating, whether it’s funding their works, or getting them studio space, or exhibiting them, doing art fairs, publishing books. That was my role, always on the supportive side, but eventually I needed a break and ended up becoming an artist as well.”
But the promise of the gallery as a concept hasn’t left him, and repeatedly features in his paintings as a site of possibility.
A series of six canvases, arranged together to create a horizon line running across them, imagines exhibition spaces dotted with states of emptiness and possibility: dark black voids, blank projections, a hole in the floor. Another pictures an artist alone in the gallery site.
“There is something about the gallery that has a sense of freedom,” he says. “When you walk into an empty space, an empty gallery, how do you intervene in that space?”
Other works show Farook testing the properties of his art materials. In a series from 2015 to 2016, each work is titled a portrait. He has laid materials such as rope and mesh down on canvases and set fire to the assemblages, leaving the charred scars like organic abstractions. For a landscape from 2015, he left a print in the rain, letting the water blur the edges of the image's dark sky.
Al-Sweel, an arts writer in Dubai who is making her curatorial debut, has described Farook's work as "diaristic," referring not only to the autobiographical elements, but also his practice of documenting the moments of his life, whether in his artwork or on Instagram. His tagline on the social media site reads: "If I'm an artist, then anything I do may be art."
Farook attributes this tendency to document things not only to the omnipotence of social media, but also to newspapers. “I grew up reading the paper every day,” he says. “I fell in love with publishing.”
Ironically, the exhibition comes at a time when Farook is returning to exhibition-making. He set up Maisan two years ago, and has used it to show works from his family collection, by artists such as Andy Warhol, Julian Opie and Abdulnasser Gharem.
From 2017 until last year he ran the cafe and store General 3am in D3, which curated art, music and fashion, and he plans a new art and food programme for Satellite in Alserkal Avenue.
“There was a long break from the madness and then it restarted again around 2017 and 2018,” he says, with a laugh. “A lot of people left – and then all of a sudden these kids popped up, with all these new ideas.”
Rami Farook's exhibition item discontinued runs until Wednesday, September 30, at Maisan, Al Barsha South, Dubai
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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.”
Our legal advisor
Ahmad El Sayed is Senior Associate at Charles Russell Speechlys, a law firm headquartered in London with offices in the UK, Europe, the Middle East and Hong Kong.
Experience: Commercial litigator who has assisted clients with overseas judgments before UAE courts. His specialties are cases related to banking, real estate, shareholder disputes, company liquidations and criminal matters as well as employment related litigation.
Education: Sagesse University, Beirut, Lebanon, in 2005.
Western Region Asia Cup T20 Qualifier
Sun Feb 23 – Thu Feb 27, Al Amerat, Oman
The two finalists advance to the Asia qualifier in Malaysia in August
Group A
Bahrain, Maldives, Oman, Qatar
Group B
UAE, Iran, Kuwait, Saudi Arabia
Traits of Chinese zodiac animals
Tiger:independent, successful, volatile
Rat:witty, creative, charming
Ox:diligent, perseverent, conservative
Rabbit:gracious, considerate, sensitive
Dragon:prosperous, brave, rash
Snake:calm, thoughtful, stubborn
Horse:faithful, energetic, carefree
Sheep:easy-going, peacemaker, curious
Monkey:family-orientated, clever, playful
Rooster:honest, confident, pompous
Dog:loyal, kind, perfectionist
Boar:loving, tolerant, indulgent
The biog
Name: Sarah Al Senaani
Age: 35
Martial status: Married with three children - aged 8, 6 and 2
Education: Masters of arts in cultural communication and tourism
Favourite movie: Captain Corelli’s Mandolin
Favourite hobbies: Art and horseback ridding
Occupation: Communication specialist at a government agency and the owner of Atelier
Favourite cuisine: Definitely Emirati - harees is my favourite dish
THE 12 BREAKAWAY CLUBS
England
Arsenal, Chelsea, Liverpool, Manchester City, Manchester United, Tottenham Hotspur
Italy
AC Milan, Inter Milan, Juventus
Spain
Atletico Madrid, Barcelona, Real Madrid
The five pillars of Islam
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
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
MATCH INFO
Crawley Town 3 (Tsaroulla 50', Nadesan 53', Tunnicliffe 70')
Leeds United 0
Juliet, Naked
Dir: Jesse Peretz
Starring: Chris O'Dowd, Rose Byrne, Ethan Hawke
Two stars
Spare
Profile
Company name: Spare
Started: March 2018
Co-founders: Dalal Alrayes and Saurabh Shah
Based: UAE
Sector: FinTech
Investment: Own savings. Going for first round of fund-raising in March 2019
Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
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FIGHT CARD
Bantamweight Hamza Bougamza (MAR) v Jalal Al Daaja (JOR)
Catchweight 67kg Mohamed El Mesbahi (MAR) v Fouad Mesdari (ALG)
Lighweight Abdullah Mohammed Ali (UAE) v Abdelhak Amhidra (MAR)
Catchweight 73kg Mostafa Ibrahim Radi (PAL) v Yazid Chouchane (ALG)
Middleweight Yousri Belgaroui (TUN) v Badreddine Diani (MAR)
Catchweight 78kg Rashed Dawood (UAE) v Adnan Bushashy (ALG)
Middleweight Sallaheddine Dekhissi (MAR) v Abdel Emam (EGY)
Catchweight 65kg Rachid Hazoume (MAR) v Yanis Ghemmouri (ALG)
Lighweight Mohammed Yahya (UAE) v Azouz Anwar (EGY)
Catchweight 79kg Omar Hussein (PAL) v Souhil Tahiri (ALG)
Middleweight Tarek Suleiman (SYR) v Laid Zerhouni (ALG)
The%20Witcher%20-%20season%20three
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