A gallery opening in Abu Dhabi is always a good thing; every space contributes to the artistic life of the city. But the first ever French-owned art gallery in Abu Dhabi opening here right before the artparis-Abu Dhabi fair is the cultural equivalent of a grand slam.
Yes, there's been a bit of confusion about the link between the gallery and the art fair since both use the famous capitals in their names, but this isnt a problem in the eyes of gallery owner Marc Laurenti.
"I think its complementary," he says. But make no mistake about it: this isn't a temporary show, the Paris-Abu Dhabi Gallery is here to stay.
Ensconced in a penthouse apartment in the new Al Sahel Towers building, the gallery overlooks the Abu Dhabi waterfront or, as Laurenti says: "You have the feeling that you are actually plunging into the sea, a wink to the Tate Modern in London."
Instead of giant, cold white walls, the Paris-Abu Dhabi Gallery is charmingly cluttered with mid-century modern furniture and swamped with paintings of all sizes, including several by Yves Henry, an artist often referred to as the French Andy Warhol.
There are objets d'art clustered around low tables, one of which features a spectacular antique Quran (the second oldest ever sold in Paris, apparently). There are metal tables by Georges Braque, one of the founders of the cubist movement, that are as substantial as they are rare. There are only 75 of them in the world. The Paris-Abu Dhabi Gallery has two.
So much art in one small space might give the impression that the Paris-Abu Dhabi Gallery doesn't really know what it wants to specialise in. But Laurenti quickly dispels such thoughts with his enthusiastic mission statements.
"The aim of this gallery is to bring the best and the most fine pieces of art to Abu Dhabi, he says. But this gallery's aim is not only to sell paintings it is to create bridges between people to understand each other better."
The Paris-Abu Dhabi gallery will be open by appointment only, which will give Laurenti a chance to go back and forth between the two countries and service his flagship operation the Marc Laurenti Art Gallery in Paris.
"I always say that I am French by blood but Emirati by heart because I am 42 years old and I have known this country for almost 30 years, says Laurenti. My life is linked with this country and the people of this country."
As he speaks to me, Laurenti wears a striking pink shirt with jeans. It's a look that only a Frenchman would attempt to pull off. He looks like he would be at home sailing a large boat in the Mediterranean, and indeed he was born in the south of France, living mainly in St Tropez.
But Laurenti is also very familiar with the Gulf and speaks some Arabic. In fact, he first came to Abu Dhabi in the early 1980s.
"I was 14 and came with my parents. There was nothing. There was the sea and the sand and the highest building was four stories," he says. "The advances are unbelievable. This is really what I call progress."
Because of his familiarity with the region he has lived in the Middle East off and on for 15 years Laurenti says that he is uniquely placed to bring the first French art gallery to Abu Dhabi.
He claims that after all the ruling family has done for art and culture, with the Saadiyat Island Museum plans and large-scale exhibits such as the Picasso show that ran at the Emirates Palace recently, his gallery is just a modest addition, a small stone in the cultural construction of Abu Dhabi.
He got the idea for the gallery from Emirati friends who gave him a subtle hint that France or someone French should add to the cultural life of the city. "They said, 'It's a pity there is no French art gallery. We are doing so much to develop art. Someone should do something'," says Laurenti. "A message was sent not directly, but there was a message. As we love this country and we love art, we decided to take a step in that direction and this is the result."
The day before the gallery's opening, Laurenti is circling frantically around the penthouse. He and his wife Wanda live in the other half of the apartment-cum-gallery, something that could prove to be problematic if all of the 600 people on his guest list, which includes both high-ranking sheikhs and the French ambassador to the UAE, show up on opening night. He says that the invitation specifies that the opening will take place at 6pm and onward, that he hopes the entire crush of invitees doesnt arrive all at once.
He seems worried. The gallery space also doubles as his sitting room, with a large flat-screen television next to the various works of art for sale. It looks like it could hold about 30 people on a good day.
Though Laurenti's Parisian gallery participated in the artparis- Abu Dhabi Fair last year and had plenty of success selling its wares, Laurenti made the conscious choice not to enter the fair again this year for financial reasons.
Still, he doesn't see the fair or any other gallery as competition. Instead Laurenti chooses to think of the art scene in the UAE capital as a collaborative effort to build up the cultural life of the city. "We are not here only to sell. We are here to advise people about what they should put in their places and what they should buy even from the other galleries," he adds.
Opening an art gallery is a gamble even in the best of economic circumstances, so why would anyone choose to start a project like Paris-Abu Dhabi now? Laurenti says that after the success he had at the artparis-Abu Dhabi Fair, he has been coming back every two months to follow up with customers all part of the VIP treatment he offers and to find out if opening an outpost in Abu Dhabi was worth the risk.
"All the figures showed that it was a very good idea," he adds confidently. "Abu Dhabi has a key role to play in the world of art, which is a $20 billion (Dh75 bn) market that doesn't know about the economic crisis."
In fact, Laurenti thinks that now, in particular, is the right time to invest in art. "It's excellent in terms of return on your investment as well as the pleasure of having a magnificent painting at home that you can admire," he says.
In other words, it is both a financial and cultural investment. But Laurenti is not all about the money. His Parisian gallery gives part of its profits to charity, a practice he hopes to continue at the Abu Dhabi location.
"Personally, I believe that when you receive, you should give back," says Laurenti. "We will give some paintings for charitable auctions in which the gallery will take nothing. We will also participate by giving back a part of our profits to the Red Crescent and other groups."
The ambitious gallerist is also planning to host parties, presentations and conferences both inside Paris-Abu Dhabi and in other venues. He is already talking with the Sorbonne and the Cultural Foundation to get Islamic art experts on board for a seminar. No doubt there will be a mention of his celebrated antique Quran.
For now, though, Laurenti is as charming as he is rushed. He is trying to think of a way to politely tell guests that glasses are at no time welcome on the Braque tables, the stars of his collection.
Cleaners vacuum and sweep though his flashy zebra rug looks pristeen and the nearby white sofa brand new. Other preparations for the big opening will include several runs to the airport to pick up a number of the artists he represents, who are also coming to town for the party. "For the opening, we have a great mix of French artists and those from former Yugoslavia," he says. "It is just our modest contribution to this fantastic cultural revolution."
swolff@thenational.ae
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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.”
Bio
Born in Dubai in 1994
Her father is a retired Emirati police officer and her mother is originally from Kuwait
She Graduated from the American University of Sharjah in 2015 and is currently working on her Masters in Communication from the University of Sharjah.
Her favourite film is Pacific Rim, directed by Guillermo del Toro
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
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
The rules on fostering in the UAE
A foster couple or family must:
- be Muslim, Emirati and be residing in the UAE
- not be younger than 25 years old
- not have been convicted of offences or crimes involving moral turpitude
- be free of infectious diseases or psychological and mental disorders
- have the ability to support its members and the foster child financially
- undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
- A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially
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%3Cp%3EThe%20Zayed%20Centre%20for%20Research%20is%20a%20partnership%20between%20Great%20Ormond%20Street%20Hospital%2C%20University%20College%20London%20and%20Great%20Ormond%20Street%20Hospital%20Children%E2%80%99s%20Charity%20and%20was%20made%20possible%20thanks%20to%20a%20generous%20%C2%A360%20million%20gift%20in%202014%20from%20Sheikha%20Fatima%20bint%20Mubarak%2C%20Chairwoman%20of%20the%20General%20Women's%20Union%2C%20President%20of%20the%20Supreme%20Council%20for%20Motherhood%20and%20Childhood%2C%20and%20Supreme%20Chairwoman%20of%20the%20Family%20Development%20Foundation.%3C%2Fp%3E%0A
What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
The Details
Kabir Singh
Produced by: Cinestaan Studios, T-Series
Directed by: Sandeep Reddy Vanga
Starring: Shahid Kapoor, Kiara Advani, Suresh Oberoi, Soham Majumdar, Arjun Pahwa
Rating: 2.5/5
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