Rethinking how to operate in a world hit by a global pandemic is a top priority for all institutions, be it the biggest corporation or the smallest NGO. They're all asking themselves the same question: how can we adapt to face the challenges of today, now that the way people live, work and socialise has changed?
That's exactly what Louvre Abu Dhabi and NYU Abu Dhabi plan to address when the online symposium Reframing Museums launches next week.
Running from Monday, November 16 to Wednesday, November 18, the event will bring together local, regional and international voices from the cultural realm to discuss the future of museums. The programme will do so by looking at three institutional pillars that have traditionally defined the museums of today: the collection, the building and the people.
Scroll through the gallery below to discover some key pieces from the Louvre Abu Dhabi's permanent collection:
“Now is the time to discuss how to forge ahead with new models to engage audiences and present our collections. We certainly won’t find all answers to these complex challenges in three days, but it is vital to seek constant dialogue among global peers and to continue to exchange experiences and ideas for an agile, sustainable, and relevant museum sector,” said Manuel Rabate, director of Louvre Abu Dhabi, in a statement.
The symposium's format includes roundtable discussions, keynote speeches and case studies. Despite the event taking place digitally, attendees will still have the opportunity to network in breakout sessions and continue discussions via an online platform, the Virtual World Cafe.
Opening remarks will be made by Mohamed Khalifa Al Mubarak, chairman of the Department of Culture and Tourism – Abu Dhabi, followed by Mariet Westermann, vice chancellor of NYU Abu Dhabi, and Rabate. Other keynote speakers include Noura Al Kaabi, Minister of Culture and Youth in the UAE, Jean-Luc Martinez, president and director of Musee du Louvre in Paris and Nujoom Al Ghanem, Emirati filmmaker and poet, who was the solo artist of the UAE National Pavilion at the Venice Biennale last year.
Here, we highlight three sessions and speakers not to be missed during the three-day event.
Modelling the Future: New Business Models for the Museums: Monday, November 16; 6pm
Moderated by Fiammetta Rocco, senior editor and culture correspondent for The Economist and 1843, this roundtable invites panellists to discuss the need for museums facing financial crises and challenges to shift their models of thinking.
Speakers include Peter Keller, director-general of the International Council of Museums; Max Hollein, director of the Metropolitan Museum of Art in the US; Saood Al Hosani, acting undersecretary of DCT Abu Dhabi; Francoise Benhamou, an economist and professor at University Sorbonne Paris Nord in France; and Frederic Jousset, an entrepreneur and founder of Art Explora and Webhelp in France.
The session will explore how institutions have had to rethink their strategies in light of Covid-19, raising the question of what it means for the business models of museums in the short, medium, and long term.
A World History of Museums: Krzysztof Pomian: Tuesday, November 17; 2pm
Historian and philosopher Krzysztof Pomian will give a keynote address on the second day of the symposium. The Polish researcher has spent much time exploring epistemology, the study of the nature of knowledge, and, as a professor of history, is an expert on many subjects including the history of museums and collections. His works, written mostly in Polish and in French, have been translated into some 20 languages. One of his latest is this year's Le Musee, Une Histoire Mondiale (The Museum, a World History).
The Future of Curators: Wednesday, November 18; 4.30pm
Moderated by Andrew McClellan, professor of art history at Tufts University in Massachusetts, this roundtable invites panellists to discuss what is next for those charged with managing an institution's collections.
Speakers include Sophie Makariou, president of Musee Guimet in France; Jessica Morgan, director of Dia Art Foundation in the US; Thelma Golden, director and chief curator of The Studio Museum in Harlem in the US; Reem Fadda, director of the Cultural Foundation in Abu Dhabi; and Rose-Marie Mousseaux, chief curator for Early Modern Art at Louvre Abu Dhabi.
This roundtable will discuss how institutions are recognising the importance of embracing outside voices, exploring what that means for the future of curation when it comes to training, recruitment and its practice in general.
How to take part in Reframing Museums
The symposium will be free and open to the public to attend, though advance registration must be made for individual events.
Discussions will be held in English with live translations in both Arabic and French, as well as live captioning in English. Daily programming will run between 11am and 9pm on the first two days of the event, and from 2.30pm to 6.30pm on the final day.
Advance registration, open until the day before the symposium starts, is required via the event's website.
For more information about the programme and registration, visit reframingmuseums.ae
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Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
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Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
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If you go...
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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.”
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What: 11th edition of the Mubadala World Tennis Championship
When: December 27-29, 2018
Confirmed: men: Novak Djokovic, Rafael Nadal, Kevin Anderson, Dominic Thiem, Hyeon Chung, Karen Khachanov; women: Venus Williams
Tickets: www.ticketmaster.ae, Virgin megastores or call 800 86 823