The set of tiles that once decorated the walls of Haft Dast Palace in Isfahan, Iran, are set to go on display in Dundee. PA
The set of tiles that once decorated the walls of Haft Dast Palace in Isfahan, Iran, are set to go on display in Dundee. PA
The set of tiles that once decorated the walls of Haft Dast Palace in Isfahan, Iran, are set to go on display in Dundee. PA
The set of tiles that once decorated the walls of Haft Dast Palace in Isfahan, Iran, are set to go on display in Dundee. PA

Tiles from 17th-century Iranian palace to go on display in Scotland


Lemma Shehadi
  • English
  • Arabic

Rare tiles from a 17th-century Iranian palace in Isfahan will go on display for the first time in a generation at a new exhibition at the V&A Dundee.

The panel dates from the reign of Safavid ruler Shah Abbas II (1642-1666) and originally decorated the wall of his private hammam (bathhouse) within the now-demolished Haft Dast Palace in Isfahan, central Iran.

The 4.5-metre wide tiles depict a garden paradise with fruit trees, flowering plants, and an ornate blue and yellow border.

Among its details are pomegranates, flower species accurate down to their horticultural use and climbing gourds that wrap around fruit-bearing trees.

The tiles will be exhibited at the V&A Dundee in Scotland. Photo: Hufton Crow
The tiles will be exhibited at the V&A Dundee in Scotland. Photo: Hufton Crow

James Wylie, project curator at V&A Dundee where the items will go on display this month, explained the significance of this "masterpiece" of Safavid art.

"This extraordinary tile panel from ancient Iran is a stunning embodiment of the garden as a symbol of power, paradise and cultural identity," he said.

"We are thrilled to display it at V&A Dundee for the first time in over two decades, following its meticulous conservation by our colleagues at National Museums Scotland [NMS].

"Including this rare treasure in the exhibition expands the story well beyond contemporary design, offering a rare glimpse into the universal and enduring human impulse to shape nature into meaning.

"This is a once-in-a-generation opportunity to experience a masterpiece of Safavid art in a new light and to consider how gardens have always been spaces of imagination, beauty and political expression."

The display follows conservation work of the tiles by NMS – which acquired the items in 1899 – to remove 100-year-old overpainting and reveal more of the original design.

Conservators also reduced the weight of the supporting frame, making it possible to lend the item to another museum for the first time.

Friederike Voigt, principal curator of west, south and south-east Asian collections at NMS, described the piece as the only one of its kind to show "a complete composition" of the garden motif.

"Beautifully painted and rich in symbolism, it offers a tantalising glimpse into the splendour of the gardens at the Haft Dast Palace," she said. "Extensive conservation work has revealed it in its full glory and I'm delighted that it's going on display for the first time in a generation as part of this major exhibition."

The panel will form part of the V&A Dundee's Garden Futures: Designing With Nature exhibition that opens on May 17.

The exhibition is designed to take visitors on an "illuminating journey" through key moments of innovation in garden design from the 20th century to the present day, as well as offering a glimpse into the future.

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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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Start-up hopes to end Japan's love affair with cash

Across most of Asia, people pay for taxi rides, restaurant meals and merchandise with smartphone-readable barcodes — except in Japan, where cash still rules. Now, as the country’s biggest web companies race to dominate the payments market, one Tokyo-based startup says it has a fighting chance to win with its QR app.

Origami had a head start when it introduced a QR-code payment service in late 2015 and has since signed up fast-food chain KFC, Tokyo’s largest cab company Nihon Kotsu and convenience store operator Lawson. The company raised $66 million in September to expand nationwide and plans to more than double its staff of about 100 employees, says founder Yoshiki Yasui.

Origami is betting that stores, which until now relied on direct mail and email newsletters, will pay for the ability to reach customers on their smartphones. For example, a hair salon using Origami’s payment app would be able to send a message to past customers with a coupon for their next haircut.

Quick Response codes, the dotted squares that can be read by smartphone cameras, were invented in the 1990s by a unit of Toyota Motor to track automotive parts. But when the Japanese pioneered digital payments almost two decades ago with contactless cards for train fares, they chose the so-called near-field communications technology. The high cost of rolling out NFC payments, convenient ATMs and a culture where lost wallets are often returned have all been cited as reasons why cash remains king in the archipelago. In China, however, QR codes dominate.

Cashless payments, which includes credit cards, accounted for just 20 per cent of total consumer spending in Japan during 2016, compared with 60 per cent in China and 89 per cent in South Korea, according to a report by the Bank of Japan.

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Updated: May 12, 2025, 10:50 AM