Ramadan in Yemen: A visual journal by artist Max Pam



Ramadan in Yemen documents the travels of Australian photographer Max Pam through this amazing country in the late 1990s; a period marked by Yemen’s first national election. Working exclusively in black and white Pam explored the country, translating his experiences into a series of images and diary entries, which reflects the artist’s distinctive style involving a layering of his experiences though words and images.

Max Pam travelled across the country, sharing in the everyday lives of its people from the capital, Sanaa, to Shibam, Taizz, and Al Mukallah; then through the desert, along the country’s coastline and up into its mountain regions. By combining his black and white documentary photographs with handwritten journal entries, annotations, notes, other visual marks and ephemera, Pam presents an intimate journal of his life. These additional layers help transport the viewer back to a very specific moment in time, while giving in-depth insight into his creative processes; “…Because a lot of things you can’t photograph, but you can draw and write about and they are important to me, those other ways of defining experience.”

Max Pam is recognised around the world for his visual travel explorations. Born in 1949, he grew up in post war, suburban Melbourne, which he has described as ‘a culturally isolated, dull environment’. He found his escape through the counter culture of surfing and imagery in National Geographic and Surfer magazines, which planted the wanderlust that would later fuel his future artistic vision.

Leaving Australia at the age of 20, Pam worked as a photographer assisting an astrophysicist; together they drove from Calcutta to London in the early 1970s. From that time until now, his in-depth, personal travel experiences have shaped his artistic work.

Pam is a storyteller par excellence, he says of his continuing travels; “I want to continue to tell a story, to explore conventions and turn them on their head.” His carnets de voyage takes a fresh look at countries through his very distinct vision. Every picture is a gift; an insightful vision, the unfolding random events, reveal both the artist and the land he is discovering to his audience. Pam describes the act of photographing as “ … a totally beautiful invitation to jump headlong into something unknown and inviting ...” his work reveals the mutual curiosity and exotic nature experienced by both photographer and subject to each other.

Pam has also published a number of his photographs and journals, as he finds a book format the best way to translate his experience and vision; “I always ask myself how can I turn this experience into something meaningful and its always a book format that presents itself as the way to translate that experience and that visual language … If you open a book that I’ve done, you go into my experience rather than some generic editorial work that is highly competent, but is not representative of anywhere other than … another country extolling exotica.”

He says about Ramadan in Yemin; “What could I say about Yemen that did it justice. I tried in my journals to work it honestly … that hot, spare and beautiful Ramadan … The faithful waiting for the moment. The cannon booms from the mosque in the afterglow of the day. KABOOMMMM and the frenzy of tea drinking and food eating begins at the souqs and squares and oases and towns all over the country. Everyone happy, elated, laughing and joking, sitting down together as one nation … People always wanted me to share and be a part of their Ramadan, their community, their Yemen … That unforgettable Ramadan month. An experience freely given to me by the generosity of the Yemeni people.”

The exhibition will be on display at the East Wing gallery in DIFC and runs from 15 July until 10 September. Gallery hours: Saturday through Thursday 10am — 10pm and Friday 4pm to 10pm.

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Founders: Ahmad AlZaini and Mosab AlOthmani

Based: Riyadh

Sector: Software

Employees: 150

Amount raised: $8m through seed and Series A - Series B raise ongoing

Funders: Raed Advanced Investment Co, Al-Riyadh Al Walid Investment Co, 500 Falcons, SWM Investment, AlShoaibah SPV, Faith Capital, Technology Investments Co, Savour Holding, Future Resources, Derayah Custody Co.

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Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal

Stars: Basel Adra, Yuval Abraham

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Fund-raising tips for start-ups

Develop an innovative business concept

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Prepare for the worst-case scenario (further lockdowns, long wait for a vaccine, etc.) 

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* Tips from Jassim Al Marzooqi and Walid Hanna

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.”

Result

2.15pm: Maiden Dh75,000 1,950m; Winner: Majestic Thunder, Tadhg O’Shea (jockey), Satish Seemar (trainer).

2.45pm: Handicap Dh80,000 1,800m; Winner: Tailor’s Row, Royston Ffrench, Salem bin Ghadayer.

3.15pm: Handicap Dh85,000 1,600m; Winner: Native Appeal, Adam McLean, Doug Watson.

3.45pm: Handicap Dh115,000 1,950m; Winner: Conclusion, Antonio Fresu, Musabah Al Muhairi.

4.15pm: Handicap Dh100,000 1,400m; Winner: Pilgrim’s Treasure, Tadhg O’Shea, Satish Seemar.

4.45pm: Maiden Dh75,000 1,400m; Winner: Sanad Libya, Richard Mullen, Satish Seemar.

5.15pm: Handicap Dh90,000 1,000m; Winner: Midlander, Richard Mullen, Satish Seemar

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Director: Jared Hess

Starring: Jack Black, Jennifer Coolidge, Jason Momoa

Rating: 3/5

Company%C2%A0profile
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Director: Romany Saad
Starring: Mirfat Amin, Boumi Fouad and Tariq Al Ibyari

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Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5