When Elizabeth Markevitch first suggested launching an art television channel, the response was underwhelming. It wasn't that the art community was opposed to it. They just didn't see the point. Perhaps this shouldn't have been surprising. By her own admission, everything she was proposing ran contrary to the received wisdom of art, television and commerce.
But Markevitch isn't easily discouraged. Doubts over her brainchild, Ikono.tv, are as nothing against the sheer force of her belief in it. Her ingenious response to criticism is to take every negative and claim it as a positive.
It is now two months since the Middle Eastern strand of her HD channel - Ikonomenasa.tv - began broadcasting via Arabsat. Point your dish in the right direction, tune it to the frequency (ArabSat BADR-5 Satellite, frequency 11785 MHz) and art will be streamed to your television 24 hours a day, seven days a week. That isn't documentaries or discussions about art, but the stuff itself; unadulterated, uninterrupted and, save for the occasional zoom on a detail or video artist's work, entirely stationary.
As Markevitch says: "Ikono.tv focuses on experiencing art, unspoiled by commentaries or background music. It is an HD virtual journey covering a broad range of art, from Iranian web-comics, 14th century Persian miniatures to innovations in architecture."
At a time when television producers are all about "adding value", the draw of ikonomenasa.tv is, Markevitch believes, the fact that "we're not adding anything".
"It's like MTV for art," she says. And yet, in its steady focus, her concept seems like the antithesis of all that the music channel has come to symbolise.
Markevitch first tested her idea online. Inadequate bandwith meant that the images had to be compressed. Satellite worked better. For nine months, Ikono.tv broadcast across Markevitch's home city of Berlin. It drew 100,000 viewers daily. "Nothing for TV," she admits, "but the equivalent of a year of visitors for an art gallery." HDTV is an expensive medium, however, and dwindling funds meant that Markevitch had to "take a break".
Five years and several hundred thousand of her own euros later, she is optimistic about the Middle East. And, after all this time, she has grown used to explaining the apparently inexplicable.
"The idea came from me wondering why art is not as popular as music," she says. "It occurred to me one day that a big difference is that for 100 years music has had the medium of radio to bring it out of the concert hall and into people's homes.
"I made the parallel that if the museum is like the concert hall, then the television is like the radio.
"You discover some music on the radio and think, 'Wow. I want to hear that again', some you don't like at first but grow to, and some you will never like.
"The idea with Ikonomenasa is to do the same with art on television, to remove the elitism that is associated with art galleries.
"It's not meant to replace the 'real' experience, but it should give you simple pleasure. If you want more you can look at the website and be directed to books and so on."
A team of 21 curators, historians and film editors select the artwork and put together the films, three of which are broadcast every 24 hours. Markevitch's intention is that this triptych can be left on permanent display in your home - glanced at or studied at will.
On Fridays, in deference to the holy status of the day, there is a 24-hour focus on just one artist to heighten the channel's meditative quality. At the moment it's Ulysses Syndrome by New York's Soundwalk Collective, an audio-visual interpretation of Homer's Odyssey.
No money changes hands between Ikono and its artists. The channel would, Markevitch admits, be impossible without her formidable network of art-world contacts.
In 1990 she joined the Henry Schroder Bank in Geneva, where she created the role of private art advisor - a bespoke service for clients keen to collect and invest. From there she became the senior manager of paintings at Sotheby's, Geneva. It would be hard to imagine a more establishment background. And yet, she says, "we are not part of the art community, though we need it. It helps that we treat the works with respect".
The very name of the channel is intended to show that the art itself is the focus.
"It comes from the Greek word 'icon', meaning image, and the tradition of religious icon painting which dictated that artists weren't allowed to sign them. It was about not putting your own ego before God.
"With Ikono there is no ego - the artist doesn't 'intrude' in interview or information. And Menasa refers to this region."
But isn't Markevitch in danger of turning art into (barely) moving wallpaper? Of putting innovative local artists and old masters on a par with the crackling yuletide log?
"Not at all," she insists. "This is an introduction to art. Everybody has a different way of looking. I take your eyes by the hand and we dive into the painting together."
Without missing a beat she continues: "We're a bridge between galleries and consumers and between cultures. That's particularly interesting in the Middle East, when you have the League of Arab States with a shared language but different cultural history to understand.
"Looking forward you have the Guggenheim and the Louvre coming, new galleries in Dubai and two art fairs coming up [Dubai in March, Abu Dhabi in November].
"But there isn't the same tradition of visiting galleries in this region as there is in some parts of the world, simply because they haven't historically been there. That's changing, and Doha has the magical Museum of Islamic Art.
"But you don't buy something you don't know anything about. You fall in love and then you buy. We offer a trailer service for galleries to advertise exhibitions. We are looking for regional sponsors whose names we would show just like in any exhibition and we have an online shop we're developing so you can buy artists' work at accessible prices.
"Ikono builds up knowledge and awareness softly and it builds up demand."
Perhaps Markevitch is right, and the most obvious negative really can be turned into a positive. The way she tells it, ikonomenasa.tv isn't tapping into a market that doesn't exist. It's tapping into a market that doesn't exist yet.
READ MORE ABOUT CORONAVIRUS
Islamic%20Architecture%3A%20A%20World%20History
%3Cp%3E%3Cstrong%3EAuthor%3A%3C%2Fstrong%3E%20Eric%20Broug%3Cbr%3E%3Cstrong%3EPublisher%3A%3C%2Fstrong%3E%20Thames%20%26amp%3B%20Hudson%3Cbr%3E%3Cstrong%3EPages%3A%3C%2Fstrong%3E%20336%3Cbr%3E%3Cstrong%3EAvailable%3A%3C%2Fstrong%3E%20September%3C%2Fp%3E%0A
Countdown to Zero exhibition will show how disease can be beaten
Countdown to Zero: Defeating Disease, an international multimedia exhibition created by the American Museum of National History in collaboration with The Carter Center, will open in Abu Dhabi a month before Reaching the Last Mile.
Opening on October 15 and running until November 15, the free exhibition opens at The Galleria mall on Al Maryah Island, and has already been seen at the Jimmy Carter Presidential Library and Museum in Atlanta, the American Museum of Natural History in New York, and the London School of Hygiene and Tropical Medicine.
Gulf rugby
Who’s won what so far in 2018/19
Western Clubs Champions League: Bahrain
Dubai Rugby Sevens: Dubai Hurricanes
West Asia Premiership: Bahrain
What’s left
UAE Conference
March 22, play-offs:
Dubai Hurricanes II v Al Ain Amblers, Jebel Ali Dragons II v Dubai Tigers
March 29, final
UAE Premiership
March 22, play-offs:
Dubai Exiles v Jebel Ali Dragons, Abu Dhabi Harlequins v Dubai Hurricanes
March 29, final
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.”
Scoreline
Abu Dhabi Harlequins 17
Jebel Ali Dragons 20
Harlequins Tries: Kinivilliame, Stevenson; Cons: Stevenson 2; Pen: Stevenson
Dragons Tries: Naisau, Fourie; Cons: Love 2; Pens: Love 2
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%3A%20%3C%2Fstrong%3EGrowdash%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EJuly%202022%0D%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3ESean%20Trevaskis%20and%20Enver%20Sorkun%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%2C%20UAE%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%20%3C%2Fstrong%3ERestaurant%20technology%0D%3Cbr%3E%3Cstrong%3EFunding%20so%20far%3A%3C%2Fstrong%3E%20%24750%2C000%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFlat6Labs%2C%20Plus%20VC%2C%20Judah%20VC%2C%20TPN%20Investments%20and%20angel%20investors%2C%20including%20former%20Talabat%20chief%20executive%20Abdulhamid%20Alomar%2C%20and%20entrepreneur%20Zeid%20Husban%3C%2Fp%3E%0A
More from Rashmee Roshan Lall
Strait of Hormuz
Fujairah is a crucial hub for fuel storage and is just outside the Strait of Hormuz, a vital shipping route linking Middle East oil producers to markets in Asia, Europe, North America and beyond.
The strait is 33 km wide at its narrowest point, but the shipping lane is just three km wide in either direction. Almost a fifth of oil consumed across the world passes through the strait.
Iran has repeatedly threatened to close the strait, a move that would risk inviting geopolitical and economic turmoil.
Last month, Iran issued a new warning that it would block the strait, if it was prevented from using the waterway following a US decision to end exemptions from sanctions for major Iranian oil importers.
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20OneOrder%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20March%202022%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Tamer%20Amer%20and%20Karim%20Maurice%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Cairo%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%20%3C%2Fstrong%3E82%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Series%20A%3C%2Fp%3E%0A
Brahmastra%3A%20Part%20One%20-%20Shiva
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EAyan%20Mukerji%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3ERanbir%20Kapoor%2C%20Alia%20Bhatt%20and%20Amitabh%20Bachchan%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%202%2F5%3C%2Fp%3E%0A
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
BACK%20TO%20ALEXANDRIA
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ETamer%20Ruggli%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3ENadine%20Labaki%2C%20Fanny%20Ardant%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E3.5%2F5%3C%2Fp%3E%0A
How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
How to avoid crypto fraud
- Use unique usernames and passwords while enabling multi-factor authentication.
- Use an offline private key, a physical device that requires manual activation, whenever you access your wallet.
- Avoid suspicious social media ads promoting fraudulent schemes.
- Only invest in crypto projects that you fully understand.
- Critically assess whether a project’s promises or returns seem too good to be true.
- Only use reputable platforms that have a track record of strong regulatory compliance.
- Store funds in hardware wallets as opposed to online exchanges.
World record transfers
1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m