Ashwaq Abdulla has some of her art on display in the Four Seasons Abu Dhabi hotel. Courtesy Shyrell Tamayo
Ashwaq Abdulla has some of her art on display in the Four Seasons Abu Dhabi hotel. Courtesy Shyrell Tamayo
Ashwaq Abdulla has some of her art on display in the Four Seasons Abu Dhabi hotel. Courtesy Shyrell Tamayo
Ashwaq Abdulla has some of her art on display in the Four Seasons Abu Dhabi hotel. Courtesy Shyrell Tamayo

My UAE: The creative genes of Ashwaq Abdulla


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Ashwaq Abdulla has always had a creative streak, and says she’s grown to love sharing her passion and the inspiration behind her artworks.

“I used to draw as a kid, and that continued throughout school and university,” she says. “I had this dream to do something for my country and give back. I found that art was the correct way.”

Abdulla, whose passion lies in abstract paintings and collage, was first recognised for her artistic talent at the age of 7, when she won a local art competition. Since then, her work has evolved, and what first started out as drawing now combines charcoal, pastels, oils and recyclable materials. She’s also delving into multi­media and art therapy.

“You can turn everything around you into an art piece,” she says. “Recently, I started to do something with the Dubai Center for ­Special Needs. I started teaching art therapy. I love it, and can see the impact of the sessions.”

Abdulla, who studied interior design at the Higher Colleges of Technology and has worked in advertising, marketing and communications, was recently commissioned to produce seven sculptures to represent the seven emirates. Once complete, the works will be displayed in the lobby of the Four ­Seasons Abu Dhabi hotel, where she already has two works hanging. “One piece is of Al Hosn palace, a black-and-white abstract with one strong colour in between. The other is the Abu Dhabi skyline, also in abstract.”

Abdulla has produced hundreds of works, but she’s particularly proud of one. “I did a special piece, I think last year, for the Crown Prince of ­Dubai, Sheikh Hamdan [bin ­Mohammed]. I sent it to him and he loved it.

“My dad is very creative,” says Abdulla, who drew the illustrations below. “He used to do crafting of wood, like with dhow boats, so I got the crafting side from dad, while my mum was very creative with food.”

So what does the future hold?

“My dream is to have a big solo gallery, a space at Saadiyat,” she says. “This is what I’m planning.”

What’s the best item or prize you have ever received?

I was 7. I won an art competition – it was the first competition for me. I received a gift, a teddy bear, [it was] pink and huge, so still I can remember that.

What sort of car do you drive and what does it say about you?

A Mercedes CLS. I feel like I’m in the clouds. The most important for me is that it is without sound – I need silence when I drive.

What’s your favourite travel destination?

Italy – the art pieces, the museums, the nature, the food, it’s everything in one country. At the same time, I have just been once, but I have a lot of experiences – it keeps the arts going.

What advice do you have for young, creative, artistic people in the Middle East?

Study hard. Study the history of art – it is really important. I have done a few courses at an academic level. Go to a specific school. Museums are very important. It is very difficult to find a job here in our region as an artist, but you can combine art with design. It is a struggle to get work.

What five things do you always pack when you travel?

My camera, my art equipment – watercolours, a pad, a brush, a pencil – my make-up, my trainers, and a blank mug or notebook without any printing, or a bag to draw on, and film.

What’s your favourite movie?

I have so many, I love the movie Troy because I love history, and my other favourite is My Best Friend’s Wedding with Julia Roberts.

What’s your favourite food?

I love Italian food, but at the same time, I like everything light or grilled. I love ice cream and sweets – I am crazy about them.

Where do you enjoy spending time in Abu Dhabi?

Saadiyat [Island]. My dream is to have a gallery there. I spend lots of time in The Library [at Park Hyatt] and I also love the beach – it’s a very quiet place.

Is there an artist who particularly inspires you?

I have so many, lots of different artists – each one has a specific style. In general, any artist can make something different and change the world.

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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.”