Last month, Dubai Culture – the emirate's agency that supports the arts and cultural heritage across Dubai – launched a programme to financially assist the emirate's galleries exhibiting in fairs around the world.
The aim of the International Art Fairs Grant is to raise the global profile of Emirati artists and strengthen Dubai’s position as a centre for the creative economy. The grant is open to emerging and established UAE-based artists, with an emphasis on promoting Emirati talent alongside artists who have established a residence in the UAE for no less than three years.
This could, in turn, empower local galleries, create a name for Emirati art and also set in place a sustainable cultural ecosystem in the UAE.
A key component of the grant is the financial assistance mechanism, which covers between a third and 50 per cent of the exhibition costs – which can otherwise be prohibitively expensive – for galleries at international art fairs. The eligibility criteria govern that galleries maintain a full-time presence in Dubai and engage in activities beyond their gallery space, such as presenting work at prestigious institutions, and thus includes participation in international art fairs.
Emirati artists have the opportunity to add their first-hand perspectives to the global art salons
The grant, then, is intended to create opportunities for both artists and galleries in establishing a permanent, active presence in Dubai’s evolving cultural landscape, as well as strengthening connections to the global art market.
Dr Saeed Mubarak bin Kharbash, the chief executive of the Arts and Literature at Dubai Culture said the grant was essential to enhance Dubai’s position in the international art community. Dubai’s cultural hub status, according to Dr Kharbash, also arises from a lively art scene sustained by local galleries.
There are some notable parallels to this initiative with other global efforts. Initiatives like the Australia Council for the Arts’s funding for Australian galleries and artists to exhibit at international art fairs, and the British Council’s international art programmes, provide financial support to local artists to showcase their work overseas.
Both these programmes seek to elevate their countries’ cultural profiles, support local artists and facilitate opportunities for these artists to participate in global dialogue. But what sets the Dubai Culture initiative apart is its emphasis on Emirati artists and the long-term goals of the UAE as a productive force in the creative economy.
Whereas both the Australian and British models appear to offer support to a wide range of artists from different backgrounds, the Dubai Culture grant is very much about prioritising artists who have a direct connection with the country’s cultural capital, therefore helping to forge a distinctive cultural identity on the world stage.
Moreover, this grant seeks to tackle some structural issues that UAE-based galleries and artists face including the high costs of international art fairs as well as the difficulty of trying to establish a permanent presence in global art markets.
The grant's provision of all booth costs through subsidy is a significant relief that consequently lessens the burden on smaller or unknown galleries that might otherwise have challenges finding their way into a global marketplace, especially considering the usually substantial price of entry. That is all the more true of galleries with emerging artists or artists of colour, who don’t have the financial wherewithal to compete on equal terms with the top-tier international players.
But there are points at which the grant could be enhanced further. While the programme's concentration on supporting galleries with a permanent presence in Dubai makes sense, expanding eligibility to accommodate other types of participation – like temporary exhibitions or pop-up galleries – could create opportunities for a broader cross-section of artists and venues.
This would better represent the dynamic, flexible nature of contemporary art markets, in which pop-up events and non-traditional real estate often take prime position in showcasing innovative work. Moreover, given that the art world is inherently global in nature, it would also be helpful to give the opportunity of this grant not just to galleries but also to artists, especially those who are not gallery-affiliated but are still making great contributions to the UAE culture.
In a similar vein, the impact of the International Art Fairs Grant could be magnified through offering some additional services for those receiving it, such as mentorship programmes or networking opportunities for the artists and galleries.
This would accredit the monetary functions of the grant in so far as recipients are provided with the tools that facilitate their international reach and engagement with global collectors, curators and institutions. Such programmes could enable a more holistic approach to making Dubai's art scene even more international, beyond financial assistance, building long-term relationships and collaborations that will pay lasting dividends for the city's cultural economy.
The impact of the grant can be measured not just through the ability to give but also through the ability to open a national conversation about the use of art in activism. International art fairs are prime real estate for artists to be seen by new audiences and connect with other creative people.
Thus, Emirati artists have the opportunity to add their first-hand perspectives to the global art salons, one that could lead to shifts in the understanding of contemporary art on a global scale.
There is no doubt the grant can be a powerful new way to position Dubai on the cultural map. Its support of galleries and artists is a welcome development, but a wider engagement could further its reach and effectiveness. With continued investment in local talent and global connections, Dubai can keep its art scene at the forefront of international exchange.
The specs
Engine: 1.4-litre 4-cylinder turbo
Power: 180hp at 5,500rpm
Torque: 250Nm at 3,00rpm
Transmission: 5-speed sequential auto
Price: From Dh139,995
On sale: now
The specs
Engine: 3.5-litre twin-turbo V6
Power: 380hp at 5,800rpm
Torque: 530Nm at 1,300-4,500rpm
Transmission: Eight-speed auto
Price: From Dh299,000 ($81,415)
On sale: Now
If you go
Flying
Despite the extreme distance, flying to Fairbanks is relatively simple, requiring just one transfer in Seattle, which can be reached directly from Dubai with Emirates for Dh6,800 return.
Touring
Gondwana Ecotours’ seven-day Polar Bear Adventure starts in Fairbanks in central Alaska before visiting Kaktovik and Utqiarvik on the North Slope. Polar bear viewing is highly likely in Kaktovik, with up to five two-hour boat tours included. Prices start from Dh11,500 per person, with all local flights, meals and accommodation included; gondwanaecotours.com
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Retirement funds heavily invested in equities at a risky time
Pension funds in growing economies in Asia, Latin America and the Middle East have a sharply higher percentage of assets parked in stocks, just at a time when trade tensions threaten to derail markets.
Retirement money managers in 14 geographies now allocate 40 per cent of their assets to equities, an 8 percentage-point climb over the past five years, according to a Mercer survey released last week that canvassed government, corporate and mandatory pension funds with almost $5 trillion in assets under management. That compares with about 25 per cent for pension funds in Europe.
The escalating trade spat between the US and China has heightened fears that stocks are ripe for a downturn. With tensions mounting and outcomes driven more by politics than economics, the S&P 500 Index will be on course for a “full-scale bear market” without Federal Reserve interest-rate cuts, Citigroup’s global macro strategy team said earlier this week.
The increased allocation to equities by growth-market pension funds has come at the expense of fixed-income investments, which declined 11 percentage points over the five years, according to the survey.
Hong Kong funds have the highest exposure to equities at 66 per cent, although that’s been relatively stable over the period. Japan’s equity allocation jumped 13 percentage points while South Korea’s increased 8 percentage points.
The money managers are also directing a higher portion of their funds to assets outside of their home countries. On average, foreign stocks now account for 49 per cent of respondents’ equity investments, 4 percentage points higher than five years ago, while foreign fixed-income exposure climbed 7 percentage points to 23 per cent. Funds in Japan, South Korea, Malaysia and Taiwan are among those seeking greater diversification in stocks and fixed income.
• Bloomberg
Women’s World T20, Asia Qualifier
UAE results
Beat China by 16 runs
Lost to Thailand by 10 wickets
Beat Nepal by five runs
Beat Hong Kong by eight wickets
Beat Malaysia by 34 runs
Standings (P, W, l, NR, points)
1. Thailand 5 4 0 1 9
2. UAE 5 4 1 0 8
3. Nepal 5 2 1 2 6
4. Hong Kong 5 2 2 1 5
5. Malaysia 5 1 4 0 2
6. China 5 0 5 0 0
Final
Thailand v UAE, Monday, 7am
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Infobox
Western Region Asia Cup Qualifier, Al Amerat, Oman
The two finalists advance to the next stage of qualifying, in Malaysia in August
Results
UAE beat Iran by 10 wickets
Kuwait beat Saudi Arabia by eight wickets
Oman beat Bahrain by nine wickets
Qatar beat Maldives by 106 runs
Monday fixtures
UAE v Kuwait, Iran v Saudi Arabia, Oman v Qatar, Maldives v Bahrain
JUDAS AND THE BLACK MESSIAH
Directed by: Shaka King
Starring: Daniel Kaluuya, Lakeith Stanfield, Jesse Plemons
Four stars
Remaining Fixtures
Wednesday: West Indies v Scotland
Thursday: UAE v Zimbabwe
Friday: Afghanistan v Ireland
Sunday: Final
if you go
The flights
Air Astana flies direct from Dubai to Almaty from Dh2,440 per person return, and to Astana (via Almaty) from Dh2,930 return, both including taxes.
The hotels
Rooms at the Ritz-Carlton Almaty cost from Dh1,944 per night including taxes; and in Astana the new Ritz-Carlton Astana (www.marriott) costs from Dh1,325; alternatively, the new St Regis Astana costs from Dh1,458 per night including taxes.
When to visit
March-May and September-November
Visas
Citizens of many countries, including the UAE do not need a visa to enter Kazakhstan for up to 30 days. Contact the nearest Kazakhstan embassy or consulate.
The five pillars of Islam
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Pharaoh's curse
British aristocrat Lord Carnarvon, who funded the expedition to find the Tutankhamun tomb, died in a Cairo hotel four months after the crypt was opened.
He had been in poor health for many years after a car crash, and a mosquito bite made worse by a shaving cut led to blood poisoning and pneumonia.
Reports at the time said Lord Carnarvon suffered from “pain as the inflammation affected the nasal passages and eyes”.
Decades later, scientists contended he had died of aspergillosis after inhaling spores of the fungus aspergillus in the tomb, which can lie dormant for months. The fact several others who entered were also found dead withiin a short time led to the myth of the curse.
The Bio
Favourite vegetable: “I really like the taste of the beetroot, the potatoes and the eggplant we are producing.”
Holiday destination: “I like Paris very much, it’s a city very close to my heart.”
Book: “Das Kapital, by Karl Marx. I am not a communist, but there are a lot of lessons for the capitalist system, if you let it get out of control, and humanity.”
Musician: “I like very much Fairuz, the Lebanese singer, and the other is Umm Kulthum. Fairuz is for listening to in the morning, Umm Kulthum for the night.”