As the coronavirus pandemic causes an economic slowdown that is also crippling the arts and culture industry, Noura Al Kaabi has revealed some steps the Ministry of Culture and Knowledge Development is taking to keep the sector alive in the UAE.
“We are in a mode of adapting and modifying,” the Minister of Culture and Knowledge Development said in an online conference on Wednesday night. Her ministry has been gathering information from industry figures to “understand who is being affected and how the government of the UAE can support the sustainability of the creative and cultural sector”, she added.
The smaller businesses are definitely affected, and medium-sized ones will be ... and this is where you can see the measures taken from a local government perspective, from rent to soon – VAT – and I hope also utilities
Al Kaabi spoke live via an online ‘Cultural Majlis’ hosted by Sultan Al Qassemi. More than 150 people, including key figures from UAE art institutions, educators and artists, were in attendance.
She also put a direct call out to people working in the arts in the Emirates: “If there are any businesses or freelancers in the UAE that are struggling, please let us know. It’s important for us to look into ways that we can support one another.
“People say culture and arts are nice to have, to hang in offices, to buy some art, but I think it’s more than that ...,” she said. Creative and cultural sectors aid in diversifying the UAE economy, she added.
During the discussion, Al Kaabi shared that her ministry has been in weekly meetings with other ministries, including the Ministry of Economy, to present financial concerns to federal and local governments to move forward changes in policy.
VAT relief and other support for SMEs and freelancers
Al Kaabi acknowledged the vulnerability of freelancers and SMEs during the crisis, and indicated that the government is preparing more measures to alleviate the burden on these individuals and entities, including potential VAT relief.
“I believe everyone is important in the creative and cultural sector, specifically freelancers. The smaller businesses are definitely affected, and medium-sized ones will be affected in a way, and this is where you can see the measures taken from a local government perspective, from rent to soon – VAT – and I hope also utilities …” she said.
In the UAE, emirates such as Abu Dhabi have already implemented stimulus packages to ease the burden of costs for consumers and businesses, including subsidies on water and electricity charges. Developers such as Dubai's Meraas and Nakheel and Sharjah's Alef Group have also put rent-relief measures in place for commercial spaces.
More economic support announcements to be made 'soon'
Al Kaabi said that announcements would be made soon regarding additional economic support, and expressed reassurance that the sector’s concerns are being heard.
“There is an urgency, and there are also leaders who are making sure that we are not that quiet when it comes to sustaining our economy and business and talents within the UAE,” she said.
The minister also called on private individuals to boost funding efforts. “It’s time for the patrons of art to step in, for individuals who feel that they can support a certain gallery or a certain research study or scholarship to do so,” she said, noting that these initiatives could come in the form of employing a freelancer for a project or acquiring an art piece from a local artist.
Al Kaabi said she recently purchased work from an Emirati artist. “This is something that is easy to do. It’s important to look at the quick steps, like buying art, and then the longer sustainable measures that we need to focus on, for the next three to six months,” she added.
An opportunity to alter the status quo
She considers the current moment as an “opportunity” to alter the status quo, including finding ways to simplify processes within ministries, such as the procurement of creative works and services.
“We’ve always been doing it the difficult way, the red tape way, the bureaucratic way. Now we are looking into how we can offer freelancers, artists and creatives a very straightforward way that we can commission their work without such a long process,” she said.
"After this, we cannot go back to square one, the way we used to do work,” she noted of the things being learnt during this crisis.
More broadly, Al Kaabi said her ministry aimed to emphasise the crucial role of the arts and culture sector in the economy.
She said her office has recently completed a study that upholds this argument with data, though she did not specify what the figures entailed. “It’s a number that will make everyone who is sitting on the table say ‘This is an important industry’,” she said.
“People will say that there are different priorities than watching a play or seeing an exhibition, but I think the numbers, which we will start sharing with our stakeholders, will reflect that the creative sector is a sector ... it has accounting, human resources, finance, artists, fashion designers, filmmakers. It is an industry. Therefore, it is crucial for us to look at how it is impactful, not just from the beauty side of it,” she added.
Al Kaabi's own love for the arts: 'made me understand that even if we're different, it's OK'
Speaking of her own personal connection to the arts, Al Kaabi said she's “always been an avid lover of music and movies".
"Art is something that I started appreciating more than 10 years ago. Nothing bonds us together more than art. It’s the way you wake up and listen to Fayrouz … It will change my mood and make me look forward to my day.”
Stay strong. Keep creating. Beautiful things come from solitude. It's times [like these] that we redefine the way we think
She highlighted the influence Abu Dhabi’s Cultural Foundation had on her. “It was a place where I felt I travelled to many places at the same time, so it made me think better, perform better and understand that even if we’re different, it’s OK. I think this is where art affected me growing up.”
Closing the discussion with words of encouragement, Al Kaabi returned to the issue of the pandemic.
“We’re all in it together. [The virus] doesn’t matter who we are, where we come from or what status we’re in. The most important thing is that we stay optimistic.
"We are beautifying the world around us, from the music, the art, the books, literature, the films …” she said.
“Stay strong. Keep creating. Beautiful things come from solitude. It’s times [like these] that we redefine the way we think,” she said.
UAE currency: the story behind the money in your pockets
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Name: Abeer Al Shahi
Emirate: Sharjah – Khor Fakkan
Education: Master’s degree in special education, preparing for a PhD in philosophy.
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Favourite quote: “My people and I will not settle for anything less than first place” – Sheikh Mohammed bin Rashid.
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Will the pound fall to parity with the dollar?
The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.
Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.
New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.
“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.
The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.
The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.
Bloomberg
'The Sky is Everywhere'
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- Suspend strict budget rules to allow member countries to step up defence spending
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- Engage the bloc's European Investment Bank to drop limits on lending to defence firms
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UAE currency: the story behind the money in your pockets
Killing of Qassem Suleimani
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Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE