As the Arab Spring took hold, there were many who welcomed the increased exposure it afforded Arab artists. European galleries programmed group shows of work eagerly harvested from around the region. Arab Spring films were shown in Cannes and Venice. Ahdaf Soueif's chronicle of events in Tahrir Square, written just months after the seismic events in Egypt, was reviewed by international newspapers hungry for insight - a state of affairs repeated this summer after the Syrian novelist Samar Yazbek published her non-fiction account of life under Bashar Al Assad, A Woman in the Crossfire.
Ostensibly, the desire to record and broadcast such events via art is laudable, but the Egyptian writer Youssef Rahka had a point when he cautioned that the interest in his peers' work might be thanks to its provenance rather than its quality. Such speedy responses to the Arab Spring fulfil an important role of reflecting the time, but may not have lasting artistic merit.
But does that even matter? One artist who should know is Nermine Hammam. When the crowds began to gather in Tahrir Square the Egyptian artist was in Paris, but she returned home, taking the camera that provides the basis for much of her work on the uprising. "The thing is, everyone was taking photographs," she smiles. "Perhaps that's why there are no iconic images from that time - because everybody had their phones and was recording and uploading every single second."
But Hammam didn't just store her record of the time on her laptop. Instead, she began to manipulate the images, placing soldiers from the Egyptian army against verdant landscapes and quiet lakes. And the resulting series, titled Upekkha, takes pride of place at the exhibition Cairo Year One at the Mosaic Rooms in London this month. It's striking stuff, not least because the soldiers look so disarmingly young.
"I have thousands of images from the square, but what really caught my eye was the complete bewilderment of these teenage boys in uniform, who didn't know whether they were there to protect the revolution or not. They genuinely look like they're dressing up, playing at being soldiers. It's fascinating and appalling at the same time."
Does Hamman agree with those who would contest that allowing for a greater period of reflection may have made for even better work?
"I understand those arguments, but they miss the point of my work," she argues. "Especially with Upekkha, the point is that I removed the message from being specifically Egyptian by changing the backdrops. It's about how we see the world and the young people we ask to fight our conflicts for us."
Hammam is also convinced that a selection of untreated images from Tahrir Square would not have made it into exhibition spaces.
"If I'd just tried to exhibit straight photographs then I wonder whether they'd have got much of a reaction at all," she says. "We've seen them all so many times. It's why the other series at Mosaic Rooms, Unfolding, has brutal images from the time layered with beautiful, Japanese-style artwork. Everywhere you go there is television - in cafes and bars, in taxis, in airports - everywhere. And the images of violence just flick by while people continue eating and chatting. We've become desensitised, we're not horrified anymore. So my work is all about what I can do to make you really look, make you question and make you think."
Nermine Hammam's Cairo Year One is at The Mosaic Rooms, London, until Friday. Visit www.mosaicrooms.org/
Five of the best artistic responses to the Arab Spring
Music
• Cairokee, Ya El Medan
Featured in The National's Music of the Arab World seriesthis week, the Egyptian rock band Cairokee collaborated with Aida El Ayouby to try to make sense of Tahrir Square, but did so in fine, meditative style. Watch the video with English subtitles on YouTube, keywords "Cairokee Ya El Medan".
Theatre
• Macbeth: Leila and Ben
An Arab Spring Macbeth might sound like the efforts of a director trying to shoehorn contemporary relevance into a centuries-old tale, but this Tunisian production from Artistes Producteurs Associés, which cast the mass murderer and his wife as Arab dictators, was a huge success when it premiered in London earlier this year.
Books
• Ahdaf Souief, Cairo:
My City, Our Revolution
Yes, it was written quickly. No, it can't possibly hope to fully analyse the Arab Spring – that book is years off. But if anyone should write it, it's Souief: as The National said in March, she brilliantly captures the "spirit of the moment". Visit www.ahdafsoueif.com for more information.
Film
• The Reluctant
Revolutionary
The Yemeni uprisings didn't receive as much attention as events elsewhere, which is possibly why the British director Sean McAllister's documentary, tracking a tour guide's conversion into a sceptical anti-establishment figure, hit home so hard. Visit www.seanmcallister.com.
Art
• Ashraf Foda
Hammam aside, Khaled Hafez's wonderful paintings, full of contradictions between the military and the civilian, predate but also predict the Arab Spring. But for pure, reactive art, Ashraf Foda's Stones from Tahrir Square installation is quietly and majestically thought-provoking. Visit www.micagallery.com/ashraf-foda.html
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The biog
Hometown: Birchgrove, Sydney Australia
Age: 59
Favourite TV series: Outlander Netflix series
Favourite place in the UAE: Sheikh Zayed Grand Mosque / desert / Louvre Abu Dhabi
Favourite book: Father of our Nation: Collected Quotes of Sheikh Zayed bin Sultan Al Nahyan
Thing you will miss most about the UAE: My friends and family, Formula 1, having Friday's off, desert adventures, and Arabic culture and people
What is safeguarding?
“Safeguarding, not just in sport, but in all walks of life, is making sure that policies are put in place that make sure your child is safe; when they attend a football club, a tennis club, that there are welfare officers at clubs who are qualified to a standard to make sure your child is safe in that environment,” Derek Bell explains.
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
The biog
Favourite films: Casablanca and Lawrence of Arabia
Favourite books: Start with Why by Simon Sinek and Good to be Great by Jim Collins
Favourite dish: Grilled fish
Inspiration: Sheikh Zayed's visionary leadership taught me to embrace new challenges.
The Bloomberg Billionaire Index in full
1 Jeff Bezos $140 billion
2 Bill Gates $98.3 billion
3 Bernard Arnault $83.1 billion
4 Warren Buffett $83 billion
5 Amancio Ortega $67.9 billion
6 Mark Zuckerberg $67.3 billion
7 Larry Page $56.8 billion
8 Larry Ellison $56.1 billion
9 Sergey Brin $55.2 billion
10 Carlos Slim $55.2 billion
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
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Favourite things
Luxury: Enjoys window shopping for high-end bags and jewellery
Discount: She works in luxury retail, but is careful about spending, waits for sales, festivals and only buys on discount
University: The only person in her family to go to college, Jiang secured a bachelor’s degree in business management in China
Masters: Studying part-time for a master’s degree in international business marketing in Dubai
Vacation: Heads back home to see family in China
Community work: Member of the Chinese Business Women’s Association of the UAE to encourage other women entrepreneurs
The Bio
Favourite holiday destination: Either Kazakhstan or Montenegro. I’ve been involved in events in both countries and they are just stunning.
Favourite book: I am a huge of Robin Cook’s medical thrillers, which I suppose is quite apt right now. My mother introduced me to them back home in New Zealand.
Favourite film or television programme: Forrest Gump is my favourite film, that’s never been up for debate. I love watching repeats of Mash as well.
Inspiration: My late father moulded me into the man I am today. I would also say disappointment and sadness are great motivators. There are times when events have brought me to my knees but it has also made me determined not to let them get the better of me.
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.”
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