What to expect from Egypt International Art Fair 2021: 'Everything came together beautifully'


Kamal Tabikha
  • English
  • Arabic

Despite Covid-19, the second Egypt Int'l Art Fair begins in Cairo on Friday with a varied roster of artists from across the region. The work of more than 120 Arab artists will be featured as part of the international event, which is organised by a group of independent artists, curators, critics and collectors, all from various Arab nations.

Look through the gallery above to see examples of a few works that will be on display.

The three-day show, which will run until Sunday at the Dusit Thani LakeView Cairo hotel, is considered to be one of the largest art events in Egypt. While last year's iteration was held only a few days before the pandemic was declared, this year organisers had to go to great lengths to implement health and safety measures so the event could still go ahead.

A show of work from independent artists and galleries

And not only is it happening, it's also bigger than before. "The collection this year is truly varied, and we tried as curators to make sure all the various kinds of art from all over the Mena region are equally represented," co-curator and project manager Nour Elasker tells The National. "There are definitely more artists at this year's edition than the last."

What many people don't know is that there is a tremendous interest in modern art in Egypt and the Arab world

Elasker, who has more than 14 years of experience working with some of the region's most prominent art galleries, including in Dubai, had been part of the event as a participating gallery last year.

The new format will mean the fair is divided into two main sections: works by artists who are represented by galleries and works by independent artists.

Elasker explains that many creatives in the Mena region, especially in Egypt, are not represented by galleries, and organisers wanted to make sure they were given an equal opportunity to showcase their work. All the artwork on display is also going to be on sale, bar a few exceptions, she says. For example, notable works by the likes of Egyptian Modernists Mahmoud Mokhtar and Samir Rafi, among others, will be hosted for viewing only.

“We are offering a really wide price range to make sure everyone can leave the fair with a piece of art they love. We have artworks worth 1,000 Egyptian pounds [$64], and other works that are worth well over 1 million Egyptian pounds.”

Who will be showcasing work this year?

The fair is going to be rife with prominent names from the Arab art world, such as Syrian artist Majd Kurdieh and Damascus-born Mohannad Orabi, who currently lives and works in Dubai. Artists Serwan Baran and Ali Nuri from Iraq, Georges Bassil from Lebanon, Salah El Mur from Sudan and Hakim Al Akel from Yemen will also have work displayed.

“As much as I am proud of the big names we have participating at the fair this year, I am equally excited by some of the younger artists who will be making an appearance for the first time,” says Elasker. “I can safely say, as a curator, that many of the younger talents are going to be big names in the future.”

These young up-and-comers will also include students showcasing their graduation projects, in keeping with the curators’ efforts to ensure as many different voices as possible are represented.

While the majority of the works displayed will be canvases in a wide range of styles, Elasker says there are a couple of video art installations, as well as an interactive exhibit titled Letters to the Future.

Prominent private collections hold a place of honour

Another exciting addition to the fair is the private collection of Syrian actress Jumana Murad. This includes some of the most important Modern art pieces ever made by Arab artists, says Elasker.

Fair co-founder Mohamed Younis says: "What many people don't know is that there is a tremendous interest in Modern art in Egypt and the Arab world.

Mohamed Younis, co-founder and managing director of Egypt International Art Fair
Mohamed Younis, co-founder and managing director of Egypt International Art Fair

"It's just that people don't get a chance to view it with such accessibility. This was one of the main reasons we chose to host Jumana Murad's collection, to educate new audiences on some of the brilliant work made by Arab talent in the past."

Younis was inspired to establish the fair in 2019, but getting the first event off the ground was challenging. "In order to convince artists, galleries and sponsors to back the event in their respective ways, we had to organise an event that could compete with some of the most prominent art fairs in the region. Not just another group exhibition."

The organisers feel they have accomplished just that. "When everyone learns of the scale of the event, from the massive marketing campaigns to the displays, the venue and everything else, they are excited to participate. Everything came together beautifully, and I couldn't be more proud," says Younis. "I am truly impressed by what's being showcased this year. Our artists have done some formidable work."

The Egypt International Art Fair takes place from Friday to Sunday, February 26 to 28, at the Dusit Thani LakeView Cairo.

More information is available here.

The Library: A Catalogue of Wonders
Stuart Kells, Counterpoint Press

Gothia Cup 2025

4,872 matches 

1,942 teams

116 pitches

76 nations

26 UAE teams

15 Lebanese teams

2 Kuwaiti teams

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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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HIJRA

Starring: Lamar Faden, Khairiah Nathmy, Nawaf Al-Dhufairy

Director: Shahad Ameen

Rating: 3/5

Results:

5pm: Maiden (PA) | Dh80,000 | 1,200 metres

Winner: Jabalini, Szczepan Mazur (jockey), Younis Kalbani (trainer)

5.30pm: UAE Arabian Derby (PA) | Prestige | Dh150,000 | 2,200m

Winner: Octave, Gerald Avranche, Abdallah Al Hammadi

6pm: Arabian Triple Crown Round 3 (PA) | Group 3 Dh300,000 | 2,200m

Winner: Harrab, Richard Mullen, Mohamed Ali

6.30pm: Emirates Championship (PA) | Group 1 | Dh1million | 2,200m

Winner: BF Mughader, Szczepan Mazur, Younis Al Kalbani

7pm: Abu Dhabi Championship (TB) | Group 3 | Dh380,000 | 2,200m

Winner: GM Hopkins, Patrick Cosgrave, Jaber Ramadhan

7.30pm: Wathba Stallions Cup (PA) | Conditions | Dh70,000 | 1,600m

Winner: AF La’Asae, Tadhg O’Shea, Ernst Oertel

A cryptocurrency primer for beginners

Cryptocurrency Investing  for Dummies – by Kiana Danial 

There are several primers for investing in cryptocurrencies available online, including e-books written by people whose credentials fall apart on the second page of your preferred search engine. 

Ms Danial is a finance coach and former currency analyst who writes for Nasdaq. Her broad-strokes primer (2019) breaks down investing in cryptocurrency into baby steps, while explaining the terms and technologies involved.

Although cryptocurrencies are a fast evolving world, this  book offers a good insight into the game as well as providing some basic tips, strategies and warning signs.

Begin your cryptocurrency journey here. 

Available at Magrudy’s , Dh104 

Tewellah by Nawal Zoghbi is out now.

What vitamins do we know are beneficial for living in the UAE

Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.

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

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Abu Dhabi traffic facts

Drivers in Abu Dhabi spend 10 per cent longer in congested conditions than they would on a free-flowing road

The highest volume of traffic on the roads is found between 7am and 8am on a Sunday.

Travelling before 7am on a Sunday could save up to four hours per year on a 30-minute commute.

The day was the least congestion in Abu Dhabi in 2019 was Tuesday, August 13.

The highest levels of traffic were found on Sunday, November 10.

Drivers in Abu Dhabi lost 41 hours spent in traffic jams in rush hour during 2019

 

UAE currency: the story behind the money in your pockets
About Takalam

Date started: early 2020

Founders: Khawla Hammad and Inas Abu Shashieh

Based: Abu Dhabi

Sector: HealthTech and wellness

Number of staff: 4

Funding to date: Bootstrapped

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LA LIGA FIXTURES

Thursday (All UAE kick-off times)

Sevilla v Real Betis (midnight)

Friday

Granada v Real Betis (9.30pm)

Valencia v Levante (midnight)

Saturday

Espanyol v Alaves (4pm)

Celta Vigo v Villarreal (7pm)

Leganes v Real Valladolid (9.30pm)

Mallorca v Barcelona (midnight)

Sunday

Atletic Bilbao v Atletico Madrid (4pm)

Real Madrid v Eibar (9.30pm)

Real Sociedad v Osasuna (midnight)

Korean Film Festival 2019 line-up

Innocent Witness, June 26 at 7pm

On Your Wedding Day, June 27 at 7pm

The Great Battle, June 27 at 9pm

The Witch: Part 1. The Subversion, June 28 at 4pm

Romang, June 28 at 6pm

Mal Mo E: The Secret Mission, June 28 at 8pm

Underdog, June 29 at 2pm

Nearby Sky, June 29 at 4pm

A Resistance, June 29 at 6pm