• Edvard Munch: Landscapes of the Soul features 40 works by the Norwegian artist.
    Edvard Munch: Landscapes of the Soul features 40 works by the Norwegian artist.
  • The first Edvard Munch (1863-1944) exhibition in the Middle East has officially opened at the King Abdulaziz Centre for World Culture (Ithra) in Dhahran, Saudi Arabia.
    The first Edvard Munch (1863-1944) exhibition in the Middle East has officially opened at the King Abdulaziz Centre for World Culture (Ithra) in Dhahran, Saudi Arabia.
  • The exhibition, which has taken over Ithra’s Great Hall, is split into pavilions, each of which explores a different emotion.
    The exhibition, which has taken over Ithra’s Great Hall, is split into pavilions, each of which explores a different emotion.
  • The emotions are catergorised into despair, loneliness, love, melancholy.
    The emotions are catergorised into despair, loneliness, love, melancholy.
  • Some of Munch's most famous works on display include 'Starry Night' and 'The Scream'.
    Some of Munch's most famous works on display include 'Starry Night' and 'The Scream'.
  • The exhibition will run until September 3.
    The exhibition will run until September 3.
  • Ithra is a Saudi Aramco initiative, featuring a cinema, theatre and library.
    Ithra is a Saudi Aramco initiative, featuring a cinema, theatre and library.

‘He tackles existential difficulties’ – Inside the Edvard Munch exhibition in Saudi Arabia


Rupert Hawksley
  • English
  • Arabic

The first Edvard Munch exhibition in the Middle East has officially opened at King Abdulaziz Centre for World Culture (Ithra) in Dhahran, Saudi Arabia.

Edvard Munch: Landscapes of the Soul features 40 works by the Norwegian artist, including Starry Night (1922-24), a large oil painting of the coastline at Asgardstrand, a small Norwegian port town, and a lithograph of his best-known work, The Scream (1895).

The exhibition, which has taken over Ithra’s Great Hall, is split into pavilions, each of which explores a different emotion – despair, loneliness, love, melancholy – in Munch’s work. There is a particular focus on his landscapes, which he used to reflect his innermost thoughts and feelings.

“Munch’s tenacious investigation of the soul is at the core of this exhibition,” it states in the introductory notes to the catalogue, the first about Munch to be printed in Arabic. “Throughout his career, Munch persistently scrutinised existential challenges of the self and the significance of personal experiences – such as love, loss, disease, anxiety and despair.”

Stein Olav Henrichsen, director of the Munch Museum in Oslo, said: “For many people, Munch has been the entrance [point] to art because he tackles the existential difficulties and challenges we meet as human beings. He is dealing with the emotions that we have to face, to resolve and to base our decisions on […] Munch has a language that is easy to understand, a modern language, a vibrant language, full of energy. It speaks to people all over the world.

"[We are] deeply committed to exhibiting internationally. We believe that cultural cooperation across national borders promotes knowledge and understanding between people from different countries and backgrounds.

“[We are] deeply committed to exhibiting internationally. We believe that cultural cooperation across national borders promotes knowledge and understanding between people from different countries and backgrounds. For us, the collaboration with Ithra is an event of major significance. We are grateful for this excellent and inspiring collaboration.”

Ithra's director, Ali Al Mutairi, also said: "To have 40 works by such an influential artist as Edvard Munch on view, here at Ithra, including a lithograph version of The Scream, is a privilege and at the very heart of what Ithra was established to do.

“In addition to championing the local Saudi creativity scene, Ithra was founded to promote cross cultural exchange and provide the people of Saudi – and indeed the region – with compelling new cultural experiences. This latest exhibition certainly does this.”

Ithra is a Saudi Aramco initiative featuring a cinema, theatre and library. It was included by Time in its 2018 list of the World’s Greatest Places. Since it opened in June last year, more than 750,000 people have visited.

Edvard Munch: Landscapes of the Soul is at Ithra until September 3. For more information, visit: www.ithra.com

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FFP EXPLAINED

What is Financial Fair Play?
Introduced in 2011 by Uefa, European football’s governing body, it demands that clubs live within their means. Chiefly, spend within their income and not make substantial losses.

What the rules dictate? 
The second phase of its implementation limits losses to €30 million (Dh136m) over three seasons. Extra expenditure is permitted for investment in sustainable areas (youth academies, stadium development, etc). Money provided by owners is not viewed as income. Revenue from “related parties” to those owners is assessed by Uefa's “financial control body” to be sure it is a fair value, or in line with market prices.

What are the penalties? 
There are a number of punishments, including fines, a loss of prize money or having to reduce squad size for European competition – as happened to PSG in 2014. There is even the threat of a competition ban, which could in theory lead to PSG’s suspension from the Uefa Champions League.

2.0

Director: S Shankar

Producer: Lyca Productions; presented by Dharma Films

Cast: Rajnikanth, Akshay Kumar, Amy Jackson, Sudhanshu Pandey

Rating: 3.5/5 stars

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MATCH INFO

Red Star Belgrade v Tottenham Hotspur, midnight (Thursday), UAE

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

How to invest in gold

Investors can tap into the gold price by purchasing physical jewellery, coins and even gold bars, but these need to be stored safely and possibly insured.

A cheaper and more straightforward way to benefit from gold price growth is to buy an exchange-traded fund (ETF).

Most advisers suggest sticking to “physical” ETFs. These hold actual gold bullion, bars and coins in a vault on investors’ behalf. Others do not hold gold but use derivatives to track the price instead, adding an extra layer of risk. The two biggest physical gold ETFs are SPDR Gold Trust and iShares Gold Trust.

Another way to invest in gold’s success is to buy gold mining stocks, but Mr Gravier says this brings added risks and can be more volatile. “They have a serious downside potential should the price consolidate.”

Mr Kyprianou says gold and gold miners are two different asset classes. “One is a commodity and the other is a company stock, which means they behave differently.”

Mining companies are a business, susceptible to other market forces, such as worker availability, health and safety, strikes, debt levels, and so on. “These have nothing to do with gold at all. It means that some companies will survive, others won’t.”

By contrast, when gold is mined, it just sits in a vault. “It doesn’t even rust, which means it retains its value,” Mr Kyprianou says.

You may already have exposure to gold miners in your portfolio, say, through an international ETF or actively managed mutual fund.

You could spread this risk with an actively managed fund that invests in a spread of gold miners, with the best known being BlackRock Gold & General. It is up an incredible 55 per cent over the past year, and 240 per cent over five years. As always, past performance is no guide to the future.

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