In 2017 ISIS released this picture of militants blowing up the 2,000-year-old temple of Baalshamin in Syria's ancient city of Palmyra. The new Getty fund is concerned to protect against actions such as these. / AP
In 2017 ISIS released this picture of militants blowing up the 2,000-year-old temple of Baalshamin in Syria's ancient city of Palmyra. The new Getty fund is concerned to protect against actions such as these. / AP
In 2017 ISIS released this picture of militants blowing up the 2,000-year-old temple of Baalshamin in Syria's ancient city of Palmyra. The new Getty fund is concerned to protect against actions such as these. / AP
In 2017 ISIS released this picture of militants blowing up the 2,000-year-old temple of Baalshamin in Syria's ancient city of Palmyra. The new Getty fund is concerned to protect against actions such a

Level of threat to world heritage greatest ever, says Getty CEO


Melissa Gronlund
  • English
  • Arabic

Attacks on the world’s cultural heritage have been happening “with a greater intensity than they have for a very long time, perhaps ever,” says James Cuno, CEO of the Getty Trust, the Los Angeles-based cultural foundation. “While the world was responding by wringing its hands, collectively, and expressing outrage, it wasn’t developing a coordinated, multi-layered response.”

The Getty has jumped into the fray by launching a $100 million, ten-year initiative to counter the threats to world heritage. Titled 'Ancient Worlds Now: A Future for the Past', the investment will take the form of advocacy, research into new conservation strategies, training courses, and education to show importance of ancient cultures, as well as their interconnectedness and contemporary relevance.

A number of factors have contributed to the current crisis point, says Cuno: "Climate change, the actions of state and non-state actors, benign neglect, increased tourism – all of these pressures are being put on the fabric of the legacy of the ancient world at this time."

A researcher excavates the ruins of Catalhoyuk, a prehistoric settlement located in south-central Turkey. Reuters
A researcher excavates the ruins of Catalhoyuk, a prehistoric settlement located in south-central Turkey. Reuters

Ancient Worlds Now will partner with a variety of different entities, only some of which have been announced. In 2021, they will work with Abu Dhabi's Department of Culture to host a series of training sessions in Al Ain on the conservation of earthen architecture.

“The topic of earthenware conservation is the primary housing and building type around the world,” says Cuno. The courses will bring together conservators “from Tanzania all the way to China”, as well as those based in the UAE.

Other training courses will take place at the Iraqi Institute for the Conservation of Antiquities and Heritage in Irbil, and the Getty will offer grant support for excavations and digital mapping, for sites such as Çatalhöyük in Turkey, a Neolithic settlement in Anatolia, and the Roman and Byzantine archaeological site of Nea Paphos in Cyprus.

The Middle Eastern region, particularly Syria and Iraq, has been hit hard by recent conflicts and terrorism, and a number of international entities already exist in order combat the threats of destruction, looting and decay – most notably UNESCO and the Aliph fund, set up by Abu Dhabi and France in 2017.

Cuno adds that the Getty are keen not to double efforts being done elsewhere, but to create an atmosphere of coordination commensurate to the threat level.

The Getty is comprised of four institutions – J. Paul Getty Museum, the Getty Research Institute, the Getty Conservation Institute, and the Getty Foundation, all based in California— and the programme will spread across of each of these platforms.

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Bert van Marwijk factfile

Born: May 19 1952
Place of birth: Deventer, Netherlands
Playing position: Midfielder

Teams managed:
1998-2000 Fortuna Sittard
2000-2004 Feyenoord
2004-2006 Borussia Dortmund
2007-2008 Feyenoord
2008-2012 Netherlands
2013-2014 Hamburg
2015-2017 Saudi Arabia
2018 Australia

Major honours (manager):
2001/02 Uefa Cup, Feyenoord
2007/08 KNVB Cup, Feyenoord
World Cup runner-up, Netherlands

UAE currency: the story behind the money in your pockets
The past Palme d'Or winners

2018 Shoplifters, Hirokazu Kore-eda

2017 The Square, Ruben Ostlund

2016 I, Daniel Blake, Ken Loach

2015 DheepanJacques Audiard

2014 Winter Sleep (Kış Uykusu), Nuri Bilge Ceylan

2013 Blue is the Warmest Colour (La Vie d'Adèle: Chapitres 1 et 2), Abdellatif Kechiche, Adele Exarchopoulos and Lea Seydoux

2012 Amour, Michael Haneke

2011 The Tree of LifeTerrence Malick

2010 Uncle Boonmee Who Can Recall His Past Lives (Lung Bunmi Raluek Chat), Apichatpong Weerasethakul

2009 The White Ribbon (Eine deutsche Kindergeschichte), Michael Haneke

2008 The Class (Entre les murs), Laurent Cantet

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Fuel economy, combined: 5.8L / 100km

VEZEETA PROFILE

Date started: 2012

Founder: Amir Barsoum

Based: Dubai, UAE

Sector: HealthTech / MedTech

Size: 300 employees

Funding: $22.6 million (as of September 2018)

Investors: Technology Development Fund, Silicon Badia, Beco Capital, Vostok New Ventures, Endeavour Catalyst, Crescent Enterprises’ CE-Ventures, Saudi Technology Ventures and IFC

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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.”

Banned items
Dubai Police has also issued a list of banned items at the ground on Sunday. These include:
  • Drones
  • Animals
  • Fireworks/ flares
  • Radios or power banks
  • Laser pointers
  • Glass
  • Selfie sticks/ umbrellas
  • Sharp objects
  • Political flags or banners
  • Bikes, skateboards or scooters

Thor: Ragnarok

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Starring: Chris Hemsworth, Tom Hiddleston, Cate Blanchett, Jeff Goldblum, Mark Ruffalo, Tessa Thompson

Four stars

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Favourite author - Paulo Coelho 

Favourite holiday destination - Cuba 

New York Times or Jordan Times? NYT is a school and JT was my practice field

Role model - My Grandfather 

Dream interviewee - Che Guevara

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The specs: 2018 Volkswagen Teramont

Price, base / as tested Dh137,000 / Dh189,950

Engine 3.6-litre V6

Gearbox Eight-speed automatic

Power 280hp @ 6,200rpm

Torque 360Nm @ 2,750rpm

Fuel economy, combined 11.7L / 100km

Sheer grandeur

The Owo building is 14 storeys high, seven of which are below ground, with the 30,000 square feet of amenities located subterranean, including a 16-seat private cinema, seven lounges, a gym, games room, treatment suites and bicycle storage.

A clear distinction between the residences and the Raffles hotel with the amenities operated separately.

'Gehraiyaan'
Director:Shakun Batra

Stars:Deepika Padukone, Siddhant Chaturvedi, Ananya Panday, Dhairya Karwa

Rating: 4/5

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Five expert hiking tips
    Always check the weather forecast before setting off Make sure you have plenty of water Set off early to avoid sudden weather changes in the afternoon Wear appropriate clothing and footwear Take your litter home with you

Name: Brendalle Belaza

From: Crossing Rubber, Philippines

Arrived in the UAE: 2007

Favourite place in Abu Dhabi: NYUAD campus

Favourite photography style: Street photography

Favourite book: Harry Potter

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