Matt Ryder, a Dubai-based artist who specialises in murals and street art, is one of 50 artists taking part in the night of street art in Al Quoz on Friday. Courtesy Matt Ryder
Matt Ryder, a Dubai-based artist who specialises in murals and street art, is one of 50 artists taking part in the night of street art in Al Quoz on Friday. Courtesy Matt Ryder
Matt Ryder, a Dubai-based artist who specialises in murals and street art, is one of 50 artists taking part in the night of street art in Al Quoz on Friday. Courtesy Matt Ryder
Matt Ryder, a Dubai-based artist who specialises in murals and street art, is one of 50 artists taking part in the night of street art in Al Quoz on Friday. Courtesy Matt Ryder

Street Night Art in Dubai


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This weekend, the road that runs behind Times Square Mall will be closed to traffic so it can play host to a night of street art and entertainment, the first of its kind in Dubai. At Street Night Art, 50 artists will work live throughout the evening, accompanied by music, drumming and ad hoc performances on an open mic stage.

Beautifying the area

This is the first event organised by an initiative called the All Quoz Project, named to reflect the fact that the project belonged to everyone in the community. The founder, the Dubai-based Uruguayan Maria Urrutia, says she did it because she wanted to bring the art out of the gallery walls and into the dusty streets of Al Quoz to brighten things up.

“It all began about a year ago when one of my best friends used to live in Al Quoz and we would always get lost when we came here,” she says. “I felt sorry for the people who live there, that the streets were dusty and ugly, so we wanted to paint the buildings in colour and fill it with beauty — that’s when we founded the beautification project.”

Urrutia began knocking on doors, and says it was difficult at first.

“We had to find the landlord of every single warehouse and it was nearly impossible,” she says. “Then we decided to do this event to attract people’s attention. In the future, we want to paint the walls directly.”

Pulling it off

Organising this event was a monumental task for Urrutia, who was working full-time at a bank and had to give up all her weekends and evenings to make any sort of progress.

She began contacting artists and musicians, asking them to volunteer their time. The biggest problem she had was getting permission to close the road.

Finally, with only a month to go before her proposed date, Dubai Events helped her get the permit. Street Night Art will be presented by Arabtec Holding, which is providing all the street “furniture” — buses to block the entrance to the street, flatbed lorries that will double as stages, and plastic barricades. It is also listed as an official event on the Dubai Shopping Festival programme and is supported by Middle East Film & Comic Con, The Fridge Dubai and the youth network, GYEM.

“I thought about giving up many times but now it is all worth it,” says Urrutia. “This is not my project, it is everyone’s project.”

Community spirit

Urrutia has full-time help from a team of volunteers. A key member of this team is Alexandre Teodoresco, who has been helping to coordinate all aspects of the event.

“The whole idea is to have a sustainable event and a high-level of community involvement,” he says. “We are all volunteers here and have come together with a lot of goodwill. We are a bunch of passionate people who just want to do something for the community. We are hoping it will become a recurring event.”

There are 50 artists involved in the project, who will be performing in different ways. Gary Yong, who is also known as Enforce One, is a street artist from New Zealand who will be spray-painting one of the buses at the entrance.

The installation artist Elise Vazelakis will be working with labourers on a mural project, and Start, a charity for under-privileged children, will be working on another of the buses.

Live music

James De Valera, a DJ known as Break DJ Lobito, will be on one of the music stages where six DJs, a funk band and a troupe of breakdancers will perform. “I met Maria some time ago when she started the All Quoz initiative and I could tell she was really selfless and passionate about the art, so I pledged my support and offered to help in any way I could. It’s good to see the artists express themselves freely and without boundaries, which is what this kind of art is about.”

• Street Night Art 2014 will take place in Al Quoz, Dubai, along 4B Street from Times Square to 15th Street, on Friday from 6pm to midnight. Entrance is free. Visit facebook.com/QuozProject

aseaman@thenational.ae

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

Winners

Ballon d’Or (Men’s)
Ousmane Dembélé (Paris Saint-Germain / France)

Ballon d’Or Féminin (Women’s)
Aitana Bonmatí (Barcelona / Spain)

Kopa Trophy (Best player under 21 – Men’s)
Lamine Yamal (Barcelona / Spain)

Best Young Women’s Player
Vicky López (Barcelona / Spain)

Yashin Trophy (Best Goalkeeper – Men’s)
Gianluigi Donnarumma (Paris Saint-Germain and Manchester City / Italy)

Best Women’s Goalkeeper
Hannah Hampton (England / Aston Villa and Chelsea)

Men’s Coach of the Year
Luis Enrique (Paris Saint-Germain)

Women’s Coach of the Year
Sarina Wiegman (England)

The specs

Engine: 2.0-litre 4-cylturbo

Transmission: seven-speed DSG automatic

Power: 242bhp

Torque: 370Nm

Price: Dh136,814

How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

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.”

Vidaamuyarchi

Director: Magizh Thirumeni

Stars: Ajith Kumar, Arjun Sarja, Trisha Krishnan, Regina Cassandra

Rating: 4/5

 

LA LIGA FIXTURES

Saturday (All UAE kick-off times)

Valencia v Atletico Madrid (midnight)

Mallorca v Alaves (4pm)

Barcelona v Getafe (7pm)

Villarreal v Levante (9.30pm)

Sunday

Granada v Real Volladolid (midnight)

Sevilla v Espanyol (3pm)

Leganes v Real Betis (5pm)

Eibar v Real Sociedad (7pm)

Athletic Bilbao v Osasuna (9.30pm)

Monday

Real Madrid v Celta Vigo (midnight)

UAE currency: the story behind the money in your pockets
The specs: 2018 Renault Koleos

Price, base: From Dh77,900
Engine: 2.5L, in-line four-cylinder
Transmission: Continuously variable transmission
Power: 170hp @ 6,000rpm
Torque: 233Nm @ 4,000rpm
Fuel economy, combined: 8.3L / 100km

Jebel Ali results

2pm: Handicap (PA) Dh 50,000 (Dirt) 1,400m

Winner: AF Al Moreeb, Antonio Fresu (jockey), Ernst Oertel (trainer)

2.30pm: Maiden (TB) Dh 60,000 (D) 1,400m

Winner: Shamikh, Ryan Curatolo, Nicholas Bachalard

3pm: Handicap (TB) Dh 64,000 (D) 1,600m

Winner: One Vision, Connor Beasley, Ali Rashid Al Raihe

3.30pm: Conditions (TB) Dh 100,000 (D) 1,600m

Winner: Gabr, Sam Hitchcott, Doug Watson

4pm: Handicap (TB) Dh 96,000 (D) 1,800m

Winner: Just A Penny, Sam Hitchcock, Doug Watson

4.30pm: Maiden (TB) Dh 60,000 (D) 1,600m

Winner: Torno Subito, Sam Hitchcock, Doug Watson

5pm: Handicap (TB) Dh 76,000 (D) 1,950m

Winner: Untold Secret, Jose Santiago, Salem bin Ghadayer

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UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
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%3Cp%3EHigh%20fever%20(40%C2%B0C%2F104%C2%B0F)%3Cbr%3ESevere%20headache%3Cbr%3EPain%20behind%20the%20eyes%3Cbr%3EMuscle%20and%20joint%20pains%3Cbr%3ENausea%3Cbr%3EVomiting%3Cbr%3ESwollen%20glands%3Cbr%3ERash%26nbsp%3B%3C%2Fp%3E%0A
%3Cp%3E%3Cstrong%3ETHE%20SPECS%3C%2Fstrong%3E%0D%3Cbr%3EEngine%3A%203.5-litre%20V6%0D%3Cbr%3ETransmission%3A%209-speed%20automatc%0D%3Cbr%3EPower%3A%20279hp%0D%3Cbr%3ETorque%3A%20350Nm%0D%3Cbr%3EPrice%3A%20From%20Dh250%2C000%0D%3Cbr%3EOn%20sale%3A%20Now%3C%2Fp%3E%0A
RACE CARD

6.30pm Mazrat Al Ruwayah – Group 2 (PA) $36,000 (Dirt) 1,600m

7.05pm Handicap (TB) $68,000 (Turf) 2,410m

7.40pm Meydan Trophy – Conditions (TB) $50,000 (T) 1,900m

8.15pm Al Maktoum Challenge Round 2 - Group 2 (TB) $293,000 (D) 1,900m

8.50pm Al Rashidiya – Group 2 (TB) $163,000 (T) 1,800m

9.25pm Handicap (TB) $65,000 (T) 1,000m