From left, Riem Ibrahim, Hala Al Ani and Hadeyeh Badri – curators of Abwab’s UAE pavilion. Courtesy Dubai Design Week
From left, Riem Ibrahim, Hala Al Ani and Hadeyeh Badri – curators of Abwab’s UAE pavilion. Courtesy Dubai Design Week
From left, Riem Ibrahim, Hala Al Ani and Hadeyeh Badri – curators of Abwab’s UAE pavilion. Courtesy Dubai Design Week
From left, Riem Ibrahim, Hala Al Ani and Hadeyeh Badri – curators of Abwab’s UAE pavilion. Courtesy Dubai Design Week

Dubai Design Week to boost UAE’s design industry


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Dubai Design Week looks set to change the face of the design industry in the region, when the inaugural event begins next month.

Operating in much the same way as Dubai Art Week, which takes place in March, the idea behind the event is to group a range of design-related events and exhibitions under a single banner at a centralised venue – in this case it is the newly inaugurated Dubai Design District (d3).

At the heart of the event will be Downtown Design, a bespoke trade fair where professionals in the region can discover original, high-quality designs from all over the world. However, just as Art Week pivots around Art Dubai, the fair is simply considered the starting point of the new event.

Among the other components is an initiative called Abwab, which will offer a chance for emerging and established designers from six countries in the region – Jordan, Saudi Arabia, Tunisia, Pakistan, Kuwait and the UAE – to display their works.

Six 50-square-metre pavilions have been designed by the UAE firm Loci Architecture + Design, to house a curated exhibition from each of the countries. They will be integrated into the existing walkways and open areas of d3, and each curator has been invited to reflect on a theme which this year is Games: The Element of Play in Culture.

Hadeyeh Badri, Hala Al Ani and Riem Ibrahim, the trio of designers behind Mobius Studios, are the curators of Abwab’s UAE pavilion. “This is especially exciting since we believe that design, in the wider sense of the word – process, practice, profession – is relatively young in the region,” they said.

“We see Dubai Design Week, and Abwab specifically, as being about opening windows of opportunity for those who want to engage and invest themselves in questioning the world through a designer’s eye. It is also a chance to reach out to the intrigued and curious and to experience what design could be about. The prospect of such exchange excites us enormously.” As part of the main fair, a series of locally based designers have produced site-specific pieces, as well as installations in an attempt to give them a platform to showcase their work.

Aljoud Lootah – an Emirati furniture designer who launched her eponymous design studio at this year's Design Days Dubai, and whose collection garnered her much regional and international attention – has created an installation called Yaroof, a geometric installation inspired by a type of traditional shore fishing.

The installation consists of four octagonal frames, each with patterns created using nylon ropes to depict the shape and structure of a fishing net. “The patterns are inspired by complex Arabesque motifs, and similar to the form of these motifs, the curves found in the designs are created entirely with straight lines,” she explains.

Lootah also says that the introduction of the event will help to “open the region’s eyes” more to design. “Just as there is a crucial need for engineers and doctors, the demand for the arts is also expanding,” she says. “The city is rounding itself more and more, and as a result, expanding its fields further.”

Also, as part of the week-long event, the Global Grad Show exhibition will present a selection of the best 50 postgraduate projects from the world's foremost design universities. This includes work from students at Tsinghua University, Beijing; Keio University, Tokyo; Royal College of Art, London; Imperial College, London; Berkley University, San Francisco; and MIT, in Cambridge, Massachusetts. Young design brands from six other fledgling design-week cities around the world will also be on show.

Outside of d3, Emirati designer Khalid Shafar is hosting a showcase of local designers at his studio in Ras Al Khor. Nadine Kanso, a jewellery designer; Tarek Al Zaharna, an architect; Khulood Thani, a fashion designer; and Shafar will unite their talents for an exhibition called Design Ras Al Khor, which will be open to the public throughout the week.

Dubai Design Week is held in collaboration with the Dubai Design and Fashion Council and is under the patronage of Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Vice Chairperson of the Board of Directors, Dubai Culture & Arts Authority.

• Dubai Design Week runs from October 26 to 31. Visit www.dubaidesignweek.ae

aseaman@thenational.ae

The bio

Favourite book: Peter Rabbit. I used to read it to my three children and still read it myself. If I am feeling down it brings back good memories.

Best thing about your job: Getting to help people. My mum always told me never to pass up an opportunity to do a good deed.

Best part of life in the UAE: The weather. The constant sunshine is amazing and there is always something to do, you have so many options when it comes to how to spend your day.

Favourite holiday destination: Malaysia. I went there for my honeymoon and ended up volunteering to teach local children for a few hours each day. It is such a special place and I plan to retire there one day.

MATCH INFO

Who: UAE v USA
What: first T20 international
When: Friday, 2pm
Where: ICC Academy in Dubai

UAE currency: the story behind the money in your pockets
UAE%20v%20West%20Indies
%3Cp%3EFirst%20ODI%20-%20Sunday%2C%20June%204%20%0D%3Cbr%3ESecond%20ODI%20-%20Tuesday%2C%20June%206%20%0D%3Cbr%3EThird%20ODI%20-%20Friday%2C%20June%209%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3EMatches%20at%20Sharjah%20Cricket%20Stadium.%20All%20games%20start%20at%204.30pm%0D%3Cbr%3E%0D%3Cbr%3E%3Cstrong%3EUAE%20squad%3C%2Fstrong%3E%0D%3Cbr%3EMuhammad%20Waseem%20(captain)%2C%20Aayan%20Khan%2C%20Adithya%20Shetty%2C%20Ali%20Naseer%2C%20Ansh%20Tandon%2C%20Aryansh%20Sharma%2C%20Asif%20Khan%2C%20Basil%20Hameed%2C%20Ethan%20D%E2%80%99Souza%2C%20Fahad%20Nawaz%2C%20Jonathan%20Figy%2C%20Junaid%20Siddique%2C%20Karthik%20Meiyappan%2C%20Lovepreet%20Singh%2C%20Matiullah%2C%20Mohammed%20Faraazuddin%2C%20Muhammad%20Jawadullah%2C%20Rameez%20Shahzad%2C%20Rohan%20Mustafa%2C%20Sanchit%20Sharma%2C%20Vriitya%20Aravind%2C%20Zahoor%20Khan%0D%3C%2Fp%3E%0A

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.”

UAE currency: the story behind the money in your pockets
THE%20SPECS
%3Cp%3EEngine%3A%203-litre%20V6%20turbo%20(standard%20model%2C%20E-hybrid)%3B%204-litre%20V8%20biturbo%20(S)%0D%3Cbr%3EPower%3A%20350hp%20(standard)%3B%20463hp%20(E-hybrid)%3B%20467hp%20(S)%0D%3Cbr%3ETorque%3A%20500Nm%20(standard)%3B%20650Nm%20(E-hybrid)%3B%20600Nm%20(S)%0D%0D%3Cbr%3EPrice%3A%20From%20Dh368%2C500%0D%3Cbr%3EOn%20sale%3A%20Now%3C%2Fp%3E%0A
Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

Simran

Director Hansal Mehta

Stars: Kangana Ranaut, Soham Shah, Esha Tiwari Pandey

Three stars

ULTRA PROCESSED FOODS

- Carbonated drinks, sweet or savoury packaged snacks, confectionery, mass-produced packaged breads and buns 

- Margarines and spreads; cookies, biscuits, pastries, cakes, and cake mixes, breakfast cereals, cereal and energy bars

- Energy drinks, milk drinks, fruit yoghurts and fruit drinks, cocoa drinks, meat and chicken extracts and instant sauces

- Infant formulas and follow-on milks, health and slimming products such as powdered or fortified meal and dish substitutes

- Many ready-to-heat products including pre-prepared pies and pasta and pizza dishes, poultry and fish nuggets and sticks, sausages, burgers, hot dogs, and other reconstituted meat products, powdered and packaged instant soups, noodles and desserts

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