Six special needs children from four schools are displaying their work at Al Jimi Mall exhibition in Al Ain.
Six special needs children from four schools are displaying their work at Al Jimi Mall exhibition in Al Ain.
Six special needs children from four schools are displaying their work at Al Jimi Mall exhibition in Al Ain.
Six special needs children from four schools are displaying their work at Al Jimi Mall exhibition in Al Ain.

Young artists' work goes on show at mall


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AL AIN // An art exhibition of sculptures and paintings by school pupils with special needs will allow the public to glimpse their artistic talent. The collection of 35 paintings and 15 sculptures represents the culmination of several months of hard work by blind, autistic and other special needs children, and their teachers. Six boys from four schools are displaying their work at the Al Jimi Mall exhibition.

Despite being blind, Faisal Ali al Mugbali, 13, painted 19 of the 35 paintings. A pupil at Azem bin Thabit School, his stencil artworks portray his love for the UAE, its culture and heritage, with the Emirati flag appearing in most. The majority of his paintings are landscapes of well-known Al Ain landmarks, such as Jebel Hafeet, the forts and sand dunes. It took him five months to complete his collection.

"It is nice to take part in this exhibit," said Faisal. "I feel proud. Everybody is saying good things about my paintings." Brothers Hamdan and Nasser Mohammed al Balooshi, 16 and 13, are also blind, but between them both, created more than 10 paintings in the exhibit, with the help of their teacher at Ma'awi bin Abu Sufyan School, Taher Ahmad. "The boys use their fingers to paint, they feel the canvas to know where the next stroke should be," said Mr Ahmad.

"Hamdan can barely see further than 10cm and even then everything is blurred. He can distinguish colours but to find where he should draw the next line, he needs me to place his finger in the right spot and then he feels his way from there." Their colourful work prominently features flowers and family images. As guests, organisers and members of the media went back and forth, with cameras flashing, Hamad Mohammed al Amri, 15, sat alone in the corner, not speaking with anyone. In front of him was a box of oil pastels and a photo of the late Sheikh Zayed and Sheikh Khalifa. Detached from the distractions around him, in under an hour he had drawn portraits of the nation's Founder and President.

Sharif Mohammed al Balooshi, the principal of Mo'awiya School and the organiser of the multi-school exhibition, watched Hamad draw. "This young man has autism, but if he just looks at your face for a couple of minutes, he can draw you brilliantly without looking at you a second time," he said. About 40 people attended the opening of the exhibition yesterday, including Salem Abdulaziz al Kathiri, head of Al Ain Educational Zone, and Ibrahim Abdelal, its supervisor of special needs education.

"It is most important to involve children with special needs in order to give them exposure, not make them feel isolated," said Mr Abdelal. "They have lots of abilities and, in some areas, exceed the abilities of non-special needs children." The exhibition, on the upper level of the mall, runs for one week. @Email:ealghalib@thenational.ae

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Sector: Technology and home services

Based: Jumeirah Lake Towers, Dubai

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Company name: Suraasa

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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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