Egyptian visual artist Aya Tarek attends the launch of her latest exhibition Token, which opened in Downtown Cairo's Kodak Passageway on Thursday. Photo: Marwa Benhalim
Egyptian visual artist Aya Tarek attends the launch of her latest exhibition Token, which opened in Downtown Cairo's Kodak Passageway on Thursday. Photo: Marwa Benhalim
Egyptian visual artist Aya Tarek attends the launch of her latest exhibition Token, which opened in Downtown Cairo's Kodak Passageway on Thursday. Photo: Marwa Benhalim
Egyptian visual artist Aya Tarek attends the launch of her latest exhibition Token, which opened in Downtown Cairo's Kodak Passageway on Thursday. Photo: Marwa Benhalim

Aya Tarek launches Egypt's first art collection for an NFT marketplace


Kamal Tabikha
  • English
  • Arabic

Vicious, tenacious, defiant, versatile ... that's how visual artist Aya Tarek has been described along the winding path that has taken her career from politically driven street art in her home city of Alexandria to launching Egypt’s first art exhibition curated for an NFT marketplace this week.

Non-Fungible Tokens, or NFTs, are proof of ownership over a digital artwork. The ownership is proven through a secure blockchain mechanism that means that while others can view it and circulate screenshots of it, the original artwork is owned solely by the purchaser.

Who is Aya Tarek?

Although the Egyptian artist is from a traditional fine arts background that involved her spending hours on end perfecting brush strokes and colour-mixing, Tarek’s versatility – rooted in a strong urge to remain relevant – emerged early in her career. And in the 13 years since she began to capture her country’s attention, she has gone from painting – first on canvas, then murals – to digital art, 3D-motion graphics, feature films and now, NFTs.

A mural by Aya Tarek of renowned Egyptian actor Omar Sharif in Geneva, Switzerland. Photo: Aya Tarek
A mural by Aya Tarek of renowned Egyptian actor Omar Sharif in Geneva, Switzerland. Photo: Aya Tarek

Though she was catapulted into the national spotlight because of her political street art produced on the sidelines of the 2011 popular uprising that ousted Hosni Mubarak as Egypt's president, Tarek’s artistic journey began a few years before that. Many Alexandrians were familiar with her graffiti as far back as 2008.

She also featured in Microphone, a 2011 political film that depicted the lives of artists and intellectuals in Egypt and the challenges they faced under Mubarak.

In the early 2010s, Tarek became fascinated with street art because of the increased visibility it offered. She wanted her work to be seen and appraised by more people than a gallery could accommodate.

A 2019 mural by Aya Tarek in Miami, Florida. Photo: Aya Tarek
A 2019 mural by Aya Tarek in Miami, Florida. Photo: Aya Tarek

Her desire for less control over the space where art is allowed to exist was one of the main reasons Tarek became intrigued by NFTs.

“When I first heard about NFTs, I didn’t really understand what they were. Like many people today. I thought, ‘How could you sell a piece of digital art exactly?’ I had compiled a large collection of digital artwork that I didn’t know what to do with,” she says.

Tarek explains that NFTs made digital art a saleable commodity, which in turn shone a spotlight on artists who work exclusively with digital media.

That is what led to Token, an exhibition of Tarek's latest work. The show was produced by the B'sarya For Arts in Alexandria, which organised the venues as well as facilitated the creation of the NFTs.

A show only for an NFT market

In a dimly lit art space in the heart of Downtown Cairo, Tarek, through a partnership with a new NFT marketplace called NFTY Arabia, which was founded in the UAE, Token has opened to the public. Curated by Marwa Benhalim and running until December 22, it comprises a mix of physical paintings and digitally rendered pieces that will become the first items sold on NFTY Arabia.

'T-bone' by Egyptian visual artist Aya Tarek. The painting features in her new exhibition Token. Photo: Aya Tarek
'T-bone' by Egyptian visual artist Aya Tarek. The painting features in her new exhibition Token. Photo: Aya Tarek

“The bulk of the exhibition deals with consumerism and capitalist tendencies. It revolves around our need to consume things and how that feeds into the way we perceive and interact with everything,” says Benhalim.

In one corner of the gallery, one painting, T-bone depicts a delicious-looking steak, which simultaneously makes the viewer's mouth water and their stomach tighten with discomfort upon seeing streaks of red paint dripping off it. In another piece, a digitally constructed man seizes continuously outside a luxury villa.

Tarek delivers her intention with expert precision through the vibrant collection.

“NFTs are a great answer to a gap in the art market. Many artists today don’t work with analogue media at all, so all their art is made through digital means. The traditional set-up didn’t make room for these kinds of works,” she explains.

'Phantom' by Aya Tarek. The work is one of many by Tarek that will be sold as NFTs on NFTY Arabia, a new UAE marketplace for NFTs. Photo: Aya Tarek
'Phantom' by Aya Tarek. The work is one of many by Tarek that will be sold as NFTs on NFTY Arabia, a new UAE marketplace for NFTs. Photo: Aya Tarek

Her sentiments were echoed by Timmy Mowafi, co-founder of NFTY Arabia.

“I think it’s time that Mena region artists were given the space to sell their work and get the recognition they deserve. If new tech like NFTs did one thing of value, it was to empower a lot of people who might have been sidelined or considered misfits in the past,” Mowafi tells The National.

“When we sat down and she [Tarek] relayed her vision to me, I realised that there were no NFTs out there that showcased modern-day street culture in Egypt, that’s really special.

“We had seen NFTs of ancient Egyptian iconography but very few people were focusing on the country’s more modern subcultures.”

Unlike other NFT marketplaces, which allow anyone to mint an artwork and upload it for sale, NFTY Arabia retains curatorial rights over their platform. Mowafi says that this was because he wanted to implement a set of quality standards on the art sold by his marketplace.

The platform is set to showcase the work of 50 of the region’s top artists in February, when it launches fully.

Token is open at Downtown Cairo’s Kodak Passageway until December 22

Match info

Uefa Champions League Group F

Manchester City v Hoffenheim, midnight (Wednesday, UAE)

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

How to wear a kandura

Dos

  • Wear the right fabric for the right season and occasion 
  • Always ask for the dress code if you don’t know
  • Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work 
  • Wear 100 per cent cotton under the kandura as most fabrics are polyester

Don’ts 

  • Wear hamdania for work, always wear a ghutra and agal 
  • Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
Fourth Arab Economic and Social Development Summit

As he spoke, Mr Aboul Gheit repeatedly referred to the need to tackle issues affecting the welfare of people across the region both in terms of preventing conflict and in pushing development.
Lebanon is scheduled to host the fourth Arab Economic and Social Development Summit in January that will see regional leaders gather to tackle the challenges facing the Middle East. The last such summit was held in 2013. Assistant Secretary-General Hossam Zaki told The National that the Beirut Summit “will be an opportunity for Arab leaders to discuss solely economic and social issues, the conference will not focus on political concerns such as Palestine, Syria or Libya". He added that its slogan will be “the individual is at the heart of development”, adding that it will focus on all elements of human capital.

The%20Roundup
%3Cp%3EDirector%3A%20Lee%20Sang-yong%3Cbr%3EStars%3A%20Ma%20Dong-seok%2C%20Sukku%20Son%2C%20Choi%20Gwi-hwa%3Cbr%3ERating%3A%204%2F5%3C%2Fp%3E%0A
Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
QUARTER-FINAL

Wales 20-19 France

Wales: T: Wainwright, Moriarty. Cons: Biggar (2) Pens: Biggar 2

France: T: Vahaamahina, Ollivon, Vakatawa Cons: Ntamack (2)

Company%20profile
%3Cp%3EName%3A%20Tabby%3Cbr%3EFounded%3A%20August%202019%3B%20platform%20went%20live%20in%20February%202020%3Cbr%3EFounder%2FCEO%3A%20Hosam%20Arab%2C%20co-founder%3A%20Daniil%20Barkalov%3Cbr%3EBased%3A%20Dubai%2C%20UAE%3Cbr%3ESector%3A%20Payments%3Cbr%3ESize%3A%2040-50%20employees%3Cbr%3EStage%3A%20Series%20A%3Cbr%3EInvestors%3A%20Arbor%20Ventures%2C%20Mubadala%20Capital%2C%20Wamda%20Capital%2C%20STV%2C%20Raed%20Ventures%2C%20Global%20Founders%20Capital%2C%20JIMCO%2C%20Global%20Ventures%2C%20Venture%20Souq%2C%20Outliers%20VC%2C%20MSA%20Capital%2C%20HOF%20and%20AB%20Accelerator.%3Cbr%3E%3C%2Fp%3E%0A
%3Cp%3E%3Cstrong%3ETHE%20SPECS%3C%2Fstrong%3E%0D%3Cbr%3EEngine%3A%203.5-litre%20V6%0D%3Cbr%3ETransmission%3A%209-speed%20automatc%0D%3Cbr%3EPower%3A%20279hp%0D%3Cbr%3ETorque%3A%20350Nm%0D%3Cbr%3EPrice%3A%20From%20Dh250%2C000%0D%3Cbr%3EOn%20sale%3A%20Now%3C%2Fp%3E%0A
The five pillars of Islam
The specs

Engine: 3.0-litre 6-cyl turbo

Power: 435hp at 5,900rpm

Torque: 520Nm at 1,800-5,500rpm

Transmission: 9-speed auto

Price: from Dh498,542

On sale: now

Name: Peter Dicce

Title: Assistant dean of students and director of athletics

Favourite sport: soccer

Favourite team: Bayern Munich

Favourite player: Franz Beckenbauer

Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates 

 

The%20specs%20
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.0-litre%204cyl%20turbo%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E261hp%20at%205%2C500rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E400Nm%20at%201%2C750-4%2C000rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E7-speed%20dual-clutch%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E10.5L%2F100km%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh129%2C999%20(VX%20Luxury)%3B%20from%20Dh149%2C999%20(VX%20Black%20Gold)%3C%2Fp%3E%0A
Squad

Ali Kasheif, Salim Rashid, Khalifa Al Hammadi, Khalfan Mubarak, Ali Mabkhout, Omar Abdulrahman, Mohammed Al Attas, Abdullah Ramadan, Zayed Al Ameri (Al Jazira), Mohammed Al Shamsi, Hamdan Al Kamali, Mohammed Barghash, Khalil Al Hammadi (Al Wahda), Khalid Essa, Mohammed Shaker, Ahmed Barman, Bandar Al Ahbabi (Al Ain), Al Hassan Saleh, Majid Suroor (Sharjah) Walid Abbas, Ahmed Khalil (Shabab Al Ahli), Tariq Ahmed, Jasim Yaqoub (Al Nasr), Ali Saleh, Ali Salmeen (Al Wasl), Hassan Al Muharami (Baniyas) 

What is Folia?

Prince Khaled bin Alwaleed bin Talal's new plant-based menu will launch at Four Seasons hotels in Dubai this November. A desire to cater to people looking for clean, healthy meals beyond green salad is what inspired Prince Khaled and American celebrity chef Matthew Kenney to create Folia. The word means "from the leaves" in Latin, and the exclusive menu offers fine plant-based cuisine across Four Seasons properties in Los Angeles, Bahrain and, soon, Dubai.

Kenney specialises in vegan cuisine and is the founder of Plant Food Wine and 20 other restaurants worldwide. "I’ve always appreciated Matthew’s work," says the Saudi royal. "He has a singular culinary talent and his approach to plant-based dining is prescient and unrivalled. I was a fan of his long before we established our professional relationship."

Folia first launched at The Four Seasons Hotel Los Angeles at Beverly Hills in July 2018. It is available at the poolside Cabana Restaurant and for in-room dining across the property, as well as in its private event space. The food is vibrant and colourful, full of fresh dishes such as the hearts of palm ceviche with California fruit, vegetables and edible flowers; green hearb tacos filled with roasted squash and king oyster barbacoa; and a savoury coconut cream pie with macadamia crust.

In March 2019, the Folia menu reached Gulf shores, as it was introduced at the Four Seasons Hotel Bahrain Bay, where it is served at the Bay View Lounge. Next, on Tuesday, November 1 – also known as World Vegan Day – it will come to the UAE, to the Four Seasons Resort Dubai at Jumeirah Beach and the Four Seasons DIFC, both properties Prince Khaled has spent "considerable time at and love". 

There are also plans to take Folia to several more locations throughout the Middle East and Europe.

While health-conscious diners will be attracted to the concept, Prince Khaled is careful to stress Folia is "not meant for a specific subset of customers. It is meant for everyone who wants a culinary experience without the negative impact that eating out so often comes with."

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
Updated: December 11, 2021, 12:41 PM