The Turner Contemporary in Margate, Kent, aims to celebrate JMW Turner's art as well as contemporary works and also give a nod to the surrounding landscape.
The Turner Contemporary in Margate, Kent, aims to celebrate JMW Turner's art as well as contemporary works and also give a nod to the surrounding landscape.
The Turner Contemporary in Margate, Kent, aims to celebrate JMW Turner's art as well as contemporary works and also give a nod to the surrounding landscape.
The Turner Contemporary in Margate, Kent, aims to celebrate JMW Turner's art as well as contemporary works and also give a nod to the surrounding landscape.

Gallery opening spurs a fading city's artistic revival


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A major new gallery on England's south-east coast is promising to revive the fortunes of a seaside town, bringing international art to a place better known for its arcade games and battered cod. Turner Contemporary, in Margate, opened in mid-April with the artist Tracey Emin and the musician Jools Holland giving speeches at the launch.

"Margate should feel so proud," Emin said to the crowd gathered by the sea front. "This is a tremendous, fantastic, important day. Art is going to be the best thing that ever happened to this town." Ed Vaizey, the UK's minister for culture, taped a speech in which he described himself as a "passionate supporter" of the gallery, and Holland told its employees "Her Majesty the Queen wishes you the best."

Designed by the award-winning architect David Chipperfield, Turner Contemporary is made up of a series of jagged blocks that face the sea. A 10-minute walk from the train station, the £17.5 million (Dh105m) building stands on the site where the Victorian painter JMW Turner lived towards the end of his life.

There's no permanent collection, but a series of temporary exhibitions will display Turners borrowed from the Tate and elsewhere, alongside new work (including commissions) by local and international artists. An opening programme of concerts, talks, performances and interactive events helped make the launch a success - around 15,000 people turned up on the first weekend - and demand should remain high, especially as access is free, due to funding from sources including Kent County Council.

"As far as the government are concerned, it's a regeneration initiative," said the curator Lauren Wright. "As far as we're concerned, it's about bringing the best possible art to the people in Kent." Using art to bolster the reputation of a struggling city isn't a new concept in the UK: when Tate Liverpool opened in 1988, unemployment in the city was high and its economy was shrinking. Since then, Liverpool has been named Capital of Culture (in 2008), and tourism has become a major industry.

Of course, it's not just struggling areas that can benefit from new art venues. When Spain gained the Guggenheim Bilbao it transformed the city into a must visit for cultural tourists. Similarly, Saadiyat Island promises to make Abu Dhabi into a cultural hub in the Middle East.

But Margate has been in dire straits. Wright, who has been studying Margate's history, told us, "There was a long period of decline from the 1960s, but especially in the 1990s. When Margate's amusement park, Dreamland, closed, that was the final blow." She explained that in Georgian times, the town had been "a very posh resort" but had latterly become a more working-class tourist destination.

Now there's an initiative to reopen Dreamland in 2013, with restored heritage rides. Meanwhile, in the Old Town (a central crossroads of shops on narrow cobbled streets) new artists' studios, galleries, cupcake shops and delis are opening, giving the place a quaint, and rather upmarket, feel. The Old Town, where Turner went to school as a young boy, is just a few streets away from the new gallery.

While Turner Contemporary is doubtless doing its job of attracting tourists to Margate, its critical reception has been mixed, particularly with regard to the strange concept behind it. Turner died in 1851: his links with contemporary art are tenuous at best. And while a forthcoming exhibition, Turner and the Elements (opening in January) will show dozens of his paintings and drawings, the opening show, Revealed, has only one work by Turner: his vivid night-time landscape The Eruption of the Souffrier Mountains.

Based on another person's account, the painting of a blazing volcano was a work of Turner's imagination, and so the contemporary works on show are linked back to it with placards explaining that the artists in question, like Turner, were fascinated by science, or nature, or worked using their imaginations, or that they too had a soft spot for Margate. It makes for a muddled theme, although it fulfils the Turner Contemporary's remit in both being about Turner and contemporary art, and throwing in a few nods to the surrounding landscape at the same time.

The highlight among these new works (and perhaps least connected with the overriding theme) is Conrad Shawcross's installation Projections of a Perfect Third. The young Londoner, whose work was bought by Charles Saatchi when he was barely out of art school, has installed three works centred on the idea of a musical chord.

The mathematical relationship between one note in this chord and another was expressed in three ways: by drawings created by an oscillating machine, by a sculpture rendering these doodles in 3D, and by a moving installation with lights and rotating arms. The effect is not only visually striking - the moving sculpture dominates the room and throws dancing shadows on to the walls - it's also profound, drawing viewers' attention to the connections between maths, nature and aesthetics.

Also satisfying, in a more understated way, is the first artwork visitors are exposed to as they enter the building, which is also easiest to miss. Borrowing and Multiplying the Landscape by the French conceptualist Daniel Buren is a brand-new, site-specific piece that looks like part of the architecture: stripes of blue paint traverse the gallery's huge front window, with a circular space left for the sun to pour in. On the walls on either side of the window are mirrors that bounce around the yellow sunlight and the blue from the sea and the stripes. As the name implies, it draws attention to the outside world rather than distracting from it.

There are four other contemporary artists in the exhibition: Californian Russell Crotty has created hanging globes covered with seaside landscapes in biro and watercolour alongside maps of constellations; Brooklyn-based Ellen Harvey has put together a video of waves crashing, an illuminated sign reading "ARCADIA" and a shed housing backlit etchings of Margate; Miami-born Teresita Fernandez, has fastened an abstract pattern of graphite rocks to a wall and attached tiny beads to a painted surface, which glitter as you peer at them; and the Turner Prize winner Douglas Gordon has recreated his text work Afterturner, on the gallery's main stairs.

It's a promising and varied exhibition, although with the limited space it would perhaps have worked better to have a more clearly-defined sense of narrative running through it. A visitors' leaflet says that the show "explores imagination, discovery, wonder and creativity", abstract nouns that could be linked to pretty much any artwork. Turner Contemporary's next, youth culture-oriented exhibition, Nothing in the World But Youth, looks more focused.

Whether or not the gallery is a success depends on its aims. It's not going to rival nearby London's cultural institutions, although it will attract day trippers. In the past four years, ambitious contemporary art galleries have opened in Eastbourne (Towner), Nottingham (Nottingham Contemporary) and Middlesbrough (Mima). Later this year, there will be further openings in Wakefield (The Hepworth) and Colchester (Firstsite). There's clearly an appetite for new art outside the UK's biggest cities, and Turner Contemporary is helping fulfil it admirably. It does look as though it's going to generate income, jobs and kudos for Margate, and if the local throng there on a recent weekday is representative, it's going to be a brilliant local resource. As Emin told the local press, if this had been around when she was a teenager she "would have been here every day, would have been trying to get a Saturday job and would have been doing anything to be associated with it".

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The Florida Project

Director: Sean Baker

Starring: Bria Vinaite, Brooklynn Prince, Willem Dafoe

Four stars

Wonka
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How to book

Call DHA on 800342

Once you are registered, you will receive a confirmation text message

Present the SMS and your Emirates ID at the centre
DHA medical personnel will take a nasal swab

Check results within 48 hours on the DHA app under ‘Lab Results’ and then ‘Patient Services’

How much do leading UAE’s UK curriculum schools charge for Year 6?
  1. Nord Anglia International School (Dubai) – Dh85,032
  2. Kings School Al Barsha (Dubai) – Dh71,905
  3. Brighton College Abu Dhabi - Dh68,560
  4. Jumeirah English Speaking School (Dubai) – Dh59,728
  5. Gems Wellington International School – Dubai Branch – Dh58,488
  6. The British School Al Khubairat (Abu Dhabi) - Dh54,170
  7. Dubai English Speaking School – Dh51,269

*Annual tuition fees covering the 2024/2025 academic year

Tree of Hell

Starring: Raed Zeno, Hadi Awada, Dr Mohammad Abdalla

Director: Raed Zeno

Rating: 4/5

Profile

Co-founders of the company: Vilhelm Hedberg and Ravi Bhusari

Launch year: In 2016 ekar launched and signed an agreement with Etihad Airways in Abu Dhabi. In January 2017 ekar launched in Dubai in a partnership with the RTA.

Number of employees: Over 50

Financing stage: Series B currently being finalised

Investors: Series A - Audacia Capital 

Sector of operation: Transport

Company%20Profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Neo%20Mobility%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20February%202023%3Cbr%3E%3Cstrong%3ECo-founders%3A%3C%2Fstrong%3E%20Abhishek%20Shah%20and%20Anish%20Garg%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Logistics%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%2410%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Delta%20Corp%2C%20Pyse%20Sustainability%20Fund%2C%20angel%20investors%3C%2Fp%3E%0A
SPECS
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The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet

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.”

Indian origin executives leading top technology firms

Sundar Pichai

Chief executive, Google and Alphabet

Satya Nadella

Chief executive, Microsoft

Ajaypal Singh Banga

President and chief executive, Mastercard

Shantanu Narayen

Chief executive, chairman, and president, Adobe

Indra Nooyi  

Board of directors, Amazon and former chief executive, PepsiCo

 

 

Countries recognising Palestine

France, UK, Canada, Australia, Portugal, Belgium, Malta, Luxembourg, San Marino and Andorra

 

PROFILE OF INVYGO

Started: 2018

Founders: Eslam Hussein and Pulkit Ganjoo

Based: Dubai

Sector: Transport

Size: 9 employees

Investment: $1,275,000

Investors: Class 5 Global, Equitrust, Gulf Islamic Investments, Kairos K50 and William Zeqiri

Glossary of a stock market revolution

Reddit

A discussion website

Redditor

The users of Reddit

Robinhood

A smartphone app for buying and selling shares

Short seller

Selling a stock today in the belief its price will fall in the future

Short squeeze

Traders forced to buy a stock they are shorting 

Naked short

An illegal practice  

What the law says

Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.

“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.

“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”

If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.

The rules of the road keeping cyclists safe

Cyclists must wear a helmet, arm and knee pads

Have a white front-light and a back red-light on their bike

They must place a number plate with reflective light to the back of the bike to alert road-users

Avoid carrying weights that could cause the bike to lose balance

They must cycle on designated lanes and areas and ride safe on pavements to avoid bumping into pedestrians

RACE CARD

6.30pm: Madjani Stakes Group 2 (PA) Dh97,500 (Dirt) 1,900m
7.05pm: Maiden (TB) Dh82,500 (D) 1,400m
7.40pm: Maiden (TB) Dh82,500 (D) 1,600m
8.15pm: Handicap (TB) Dh87,500 (D) 2,200m
8.50pm: Dubai Creek Mile Listed (TB) Dh132,500 (D) 1,600m
9.25pm: Conditions (TB) Dh120,000 (D) 1,900m
10pm: Handicap (TB) Dh92,500 (D) 1,400m

In-demand jobs and monthly salaries
  • Technology expert in robotics and automation: Dh20,000 to Dh40,000 
  • Energy engineer: Dh25,000 to Dh30,000 
  • Production engineer: Dh30,000 to Dh40,000 
  • Data-driven supply chain management professional: Dh30,000 to Dh50,000 
  • HR leader: Dh40,000 to Dh60,000 
  • Engineering leader: Dh30,000 to Dh55,000 
  • Project manager: Dh55,000 to Dh65,000 
  • Senior reservoir engineer: Dh40,000 to Dh55,000 
  • Senior drilling engineer: Dh38,000 to Dh46,000 
  • Senior process engineer: Dh28,000 to Dh38,000 
  • Senior maintenance engineer: Dh22,000 to Dh34,000 
  • Field engineer: Dh6,500 to Dh7,500
  • Field supervisor: Dh9,000 to Dh12,000
  • Field operator: Dh5,000 to Dh7,000
The President's Cake

Director: Hasan Hadi

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

Rating: 4/5

UAE currency: the story behind the money in your pockets
How will Gen Alpha invest?

Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.

“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.

Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.

He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.

Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”

Torbal Rayeh Wa Jayeh
Starring: Ali El Ghoureir, Khalil El Roumeithy, Mostafa Abo Seria
Stars: 3

The biog

Hometown: Cairo

Age: 37

Favourite TV series: The Handmaid’s Tale, Black Mirror

Favourite anime series: Death Note, One Piece and Hellsing

Favourite book: Designing Brand Identity, Fifth Edition

UAE currency: the story behind the money in your pockets
Herc's Adventures

Developer: Big Ape Productions
Publisher: LucasArts
Console: PlayStation 1 & 5, Sega Saturn
Rating: 4/5

RACECARD

6pm: Al Maktoum Challenge Round-1 – Group 1 (PA) $50,000 (Dirt) 1,600m
6.35pm: Festival City Stakes – Conditions (TB) $60,000 (D) 1,200m
7.10pm: Dubai Racing Club Classic – Listed (TB) $100,000 (Turf) 2,410m
7.45pm: Jumeirah Classic Trial – Conditions (TB) $150,000 (T) 1,400m
8.20pm: Al Maktoum Challenge Round-1 – Group 2 (TB) $250,000 (D) 1,600m
8.55pm: Cape Verdi – Group 2 (TB) $180,000 (T) 1,600m
9.30pm: Dubai Dash – Listed (TB) $100,000 (T) 1,000m

Profile

Company: Justmop.com

Date started: December 2015

Founders: Kerem Kuyucu and Cagatay Ozcan

Sector: Technology and home services

Based: Jumeirah Lake Towers, Dubai

Size: 55 employees and 100,000 cleaning requests a month

Funding:  The company’s investors include Collective Spark, Faith Capital Holding, Oak Capital, VentureFriends, and 500 Startups.