Louvre Abu Dhabi opened its doors to the public three years ago today. Since then, it has welcomed millions of visitors from around the world. From the start, the museum's approach has been cross-cultural, in an endeavour to encompass everyone within its home of Abu Dhabi.
In the past three years, Louvre Abu Dhabi has presented significant artefacts and works of art from around the world and across the region, including Auguste Rodin's The Thinker sculpture and the world's oldest natural pearl at about 8,000 years old, which was found in the capital last year.
Much like other museums globally, Louvre Abu Dhabi had to close its doors from March to June because of the Covid-19 pandemic. However, it kept up its activities online, from the release of the cinematic podcast We Are Not Alone, featuring the voice of famed architect Jean Nouvel, the man behind the museum's dome, to the launch of its digital archive, which will house its permanent collection in the coming months. Its latest commission, a short film titled The Pulse of Time, will be released today.
"The achievements of Louvre Abu Dhabi in three short years have made a remarkable impact on the emirate’s cultural scene. Looking back at the past year, I am particularly proud of the way we have adapted to the changing environment, bringing Louvre Abu Dhabi into the homes of millions of people through creative and educational digital initiatives that reflect the museum’s vision to showcase humanity’s cross-cultural connections throughout time," said Mohamed Al Mubarak, Chairman of the Department of Culture and Tourism - Abu Dhabi in a statement.
On its anniversary, the museum has also announced new acquisitions to its permanent collection including a number of artefacts such as a third century statue from Mesopotamia titled Sumerian Statue of a Female Worshipper, which will go on display alongside a statue from Egypt titled Statue of a Kneeling Man (circa 4th to 7th century), in addition to an 11th century Jain sculpture titled Standing Jina from India. Other acquisitions announced include The Adoration of the Magi (circa 1523) by Flemish artist Pieter Coecke van Aelst, Saint-Joseph by Spanish painter Jusepe de Ribera, a series by an anonymous artist titled Eight Paintings of Foreign Dignitaries from 18th century China, and Belorussian-French artist Marc Chagall's Between Darkness and Night (1938-43).
Louvre Abu Dhabi, along with NYU Abu Dhabi, will also host an online symposium on the future of museums from Monday, November 16 to Wednesday, November 18, tackling issues such as the pandemic and representation within arts and cultural institutions.
Here, we take a look at some key pieces from the museum’s collection:
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If you go
Flying
Despite the extreme distance, flying to Fairbanks is relatively simple, requiring just one transfer in Seattle, which can be reached directly from Dubai with Emirates for Dh6,800 return.
Touring
Gondwana Ecotours’ seven-day Polar Bear Adventure starts in Fairbanks in central Alaska before visiting Kaktovik and Utqiarvik on the North Slope. Polar bear viewing is highly likely in Kaktovik, with up to five two-hour boat tours included. Prices start from Dh11,500 per person, with all local flights, meals and accommodation included; gondwanaecotours.com
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Retirement funds heavily invested in equities at a risky time
Pension funds in growing economies in Asia, Latin America and the Middle East have a sharply higher percentage of assets parked in stocks, just at a time when trade tensions threaten to derail markets.
Retirement money managers in 14 geographies now allocate 40 per cent of their assets to equities, an 8 percentage-point climb over the past five years, according to a Mercer survey released last week that canvassed government, corporate and mandatory pension funds with almost $5 trillion in assets under management. That compares with about 25 per cent for pension funds in Europe.
The escalating trade spat between the US and China has heightened fears that stocks are ripe for a downturn. With tensions mounting and outcomes driven more by politics than economics, the S&P 500 Index will be on course for a “full-scale bear market” without Federal Reserve interest-rate cuts, Citigroup’s global macro strategy team said earlier this week.
The increased allocation to equities by growth-market pension funds has come at the expense of fixed-income investments, which declined 11 percentage points over the five years, according to the survey.
Hong Kong funds have the highest exposure to equities at 66 per cent, although that’s been relatively stable over the period. Japan’s equity allocation jumped 13 percentage points while South Korea’s increased 8 percentage points.
The money managers are also directing a higher portion of their funds to assets outside of their home countries. On average, foreign stocks now account for 49 per cent of respondents’ equity investments, 4 percentage points higher than five years ago, while foreign fixed-income exposure climbed 7 percentage points to 23 per cent. Funds in Japan, South Korea, Malaysia and Taiwan are among those seeking greater diversification in stocks and fixed income.
• Bloomberg
Women’s World T20, Asia Qualifier
UAE results
Beat China by 16 runs
Lost to Thailand by 10 wickets
Beat Nepal by five runs
Beat Hong Kong by eight wickets
Beat Malaysia by 34 runs
Standings (P, W, l, NR, points)
1. Thailand 5 4 0 1 9
2. UAE 5 4 1 0 8
3. Nepal 5 2 1 2 6
4. Hong Kong 5 2 2 1 5
5. Malaysia 5 1 4 0 2
6. China 5 0 5 0 0
Final
Thailand v UAE, Monday, 7am
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Infobox
Western Region Asia Cup Qualifier, Al Amerat, Oman
The two finalists advance to the next stage of qualifying, in Malaysia in August
Results
UAE beat Iran by 10 wickets
Kuwait beat Saudi Arabia by eight wickets
Oman beat Bahrain by nine wickets
Qatar beat Maldives by 106 runs
Monday fixtures
UAE v Kuwait, Iran v Saudi Arabia, Oman v Qatar, Maldives v Bahrain
JUDAS AND THE BLACK MESSIAH
Directed by: Shaka King
Starring: Daniel Kaluuya, Lakeith Stanfield, Jesse Plemons
Four stars