The Guggenheim: The Making of a Museum exhibition opened last night at the Emirates Palce in Abu Dhabi
The Guggenheim: The Making of a Museum exhibition opened last night at the Emirates Palce in Abu Dhabi
The Guggenheim: The Making of a Museum exhibition opened last night at the Emirates Palce in Abu Dhabi
The Guggenheim: The Making of a Museum exhibition opened last night at the Emirates Palce in Abu Dhabi

Glimpse inside the Guggenheim


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ABU DHABI// For the first time since Abu Dhabi announced it would have its own Guggenheim Museum, audiences in the capital can get an idea of the kind of art to be displayed there. The Guggenheim: The Making of a Museum, an exhibition hosted by the Tourism Development & Investment Company (TDIC) at the Emirates Palace opened last night with a selection of 50 of the most important paintings from the Guggenheim New York collection. Taking the viewer on a journey from the impressionist works of late 19th century from Paul Cezanne and Henri Matisse through to the post-war abstract paintings from Jackson Pollock and Mark Rothko and beyond to the mid-1960s, the show is intended to to tell the story of how the original museum was founded. "It is a taste of things to come," said Valerie Hillings, one of the two curators. "The first Guggenheim museum started with the idea to build a collection of contemporary art and this show is a snapshot of that history." Although these are not the exact pieces destined to be displayed at the new premises due to open in four years as part of Abu Dhabi's new cultural district on Saadiyat Island, Richard Armstrong, the director of the Solomon R. Guggenheim Foundation and the Guggenheim Musuem in New York said it would be a good opportunity to train the audience's eyes. Among the pieces on show is one where, to the untrained eye, the splashes of green, silver, black, red and yellow splattered across the canvas might appear to be the result of an unsupervised painting session at the local playschool. In fact, Untitled (Green Silver), by the late abstract expressionist artist Jackson Pollock, is one of the most important works of art yet displayed in the capital. The 1949 "action painting" was created by Pollock flinging, dripping, pouring and spattering enamel and aluminium paint on to a canvas laid on the floor. A similar painting, Number 12, from the same year, sold for US$11.65 million (Dh42.81m) in 2004 in New York. Canvases such as Cézanne's Bend in the Road Through the Forest and Matisse's Nude in a Forest, which open the exhibition, illustrate the seeds of abstract painting. "The loose brush strokes force the eye to blend colour," said Ms Hillings. "It is perhaps the beginning of optical illusions in art." A circular room, at the centre of the exhibition, with soft, grey carpeting and a round sofa, was intended to be a "spiritual temple to art", said Ms Davidson. Works by Rudolf Bauer, Wassily Kandinsky and Hilla Rebay, artists who tried to "evoke the spiritual and human emotions in an increasingly secular world", are on display there. The final room, a long, light space with wooden floors, holds many large-scale, post-war paintings that Ms Davidson said represented "the anxiety of artists learning to live with the threat of nuclear bombs through the Cold War". "We have to admit that the eye is a muscle and the more it is used, the stronger it gets. We are aware that not everyone in the [Abu Dhabi] audience has a long history of looking at this type of art so we want to introduce them gently." This was the first in a series of exhibitions organised by the Guggenheim Foundation in the run-up to the opening of the museum in Abu Dhabi in 2013. Mubarak al Muhairi, the managing director of the TDIC, said the exhibition was a milestone for the city. "[It] represents a new achievement in Abu Dhabi's cultural programme, in which we are constantly striving to bring the arts into the daily lives and thoughts of our people," he said. The TDIC has also scheduled a programme of monthly workshops and lectures to run alongside the exhibition, which is on until February 4. There will be a lecture on the early history of the Guggenheim Museum from Karole Vail, a curator at the museum in New York, a panel discussion about the role of the museum today and lectures on abstract art from international experts. Rita Aoun-Abdo, the director of culture at the TDIC, said the programme was intended to be educational. "We want to engage people of every age and every background into active dialogue," she said. "Education has always been very important to us." Mr Armstrong said he hoped, in time, the people of Abu Dhabi would come to feel as though they owned something of the museum. "We want people to grow up with it and feel so at home that it is partly theirs. Art unlocks a capacity to dream and see beauty and, ultimately, that's how we want people to feel in the Guggenheim Abu Dhabi." aseaman@thenational.ae

RESULTS

Bantamweight: Victor Nunes (BRA) beat Azizbek Satibaldiev (KYG). Round 1 KO

Featherweight: Izzeddin Farhan (JOR) beat Ozodbek Azimov (UZB). Round 1 rear naked choke

Middleweight: Zaakir Badat (RSA) beat Ercin Sirin (TUR). Round 1 triangle choke

Featherweight: Ali Alqaisi (JOR) beat Furkatbek Yokubov (UZB). Round 1 TKO

Featherweight: Abu Muslim Alikhanov (RUS) beat Atabek Abdimitalipov (KYG). Unanimous decision

Catchweight 74kg: Mirafzal Akhtamov (UZB) beat Marcos Costa (BRA). Split decision

Welterweight: Andre Fialho (POR) beat Sang Hoon-yu (KOR). Round 1 TKO

Lightweight: John Mitchell (IRE) beat Arbi Emiev (RUS). Round 2 RSC (deep cuts)

Middleweight: Gianni Melillo (ITA) beat Mohammed Karaki (LEB)

Welterweight: Handesson Ferreira (BRA) beat Amiran Gogoladze (GEO). Unanimous decision

Flyweight (Female): Carolina Jimenez (VEN) beat Lucrezia Ria (ITA), Round 1 rear naked choke

Welterweight: Daniel Skibinski (POL) beat Acoidan Duque (ESP). Round 3 TKO

Lightweight: Martun Mezhlumyan (ARM) beat Attila Korkmaz (TUR). Unanimous decision

Bantamweight: Ray Borg (USA) beat Jesse Arnett (CAN). Unanimous decision

Indika
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Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates

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.”

The specs

Engine: 4.0-litre V8 twin-turbocharged and three electric motors

Power: Combined output 920hp

Torque: 730Nm at 4,000-7,000rpm

Transmission: 8-speed dual-clutch automatic

Fuel consumption: 11.2L/100km

On sale: Now, deliveries expected later in 2025

Price: expected to start at Dh1,432,000

Health Valley

Founded in 2002 and set up as a foundation in 2006, Health Valley has been an innovation in healthcare for more than 10 years in Nijmegen, the Netherlands.
It serves as a place where companies, businesses, universities, healthcare providers and government agencies can collaborate, offering a platform where they can connect and work together on healthcare innovation.
Its partners work on technological innovation, new forms of diagnostics and other methods to make a difference in healthcare.
Its agency consists of eight people, four innovation managers and office managers, two communication advisers and one director. It gives innovation support to businesses and other parties in its network like a broker, connecting people with the right organisation to help them further

The Facility’s Versatility

Between the start of the 2020 IPL on September 20, and the end of the Pakistan Super League this coming Thursday, the Zayed Cricket Stadium has had an unprecedented amount of traffic.
Never before has a ground in this country – or perhaps anywhere in the world – had such a volume of major-match cricket.
And yet scoring has remained high, and Abu Dhabi has seen some classic encounters in every format of the game.
 
October 18, IPL, Kolkata Knight Riders tied with Sunrisers Hyderabad
The two playoff-chasing sides put on 163 apiece, before Kolkata went on to win the Super Over
 
January 8, ODI, UAE beat Ireland by six wickets
A century by CP Rizwan underpinned one of UAE’s greatest ever wins, as they chased 270 to win with an over to spare
 
February 6, T10, Northern Warriors beat Delhi Bulls by eight wickets
The final of the T10 was chiefly memorable for a ferocious over of fast bowling from Fidel Edwards to Nicholas Pooran
 
March 14, Test, Afghanistan beat Zimbabwe by six wickets
Eleven wickets for Rashid Khan, 1,305 runs scored in five days, and a last session finish
 
June 17, PSL, Islamabad United beat Peshawar Zalmi by 15 runs
Usman Khawaja scored a hundred as Islamabad posted the highest score ever by a Pakistan team in T20 cricket

The Settlers

Director: Louis Theroux

Starring: Daniella Weiss, Ari Abramowitz

Rating: 5/5

Age 26

Born May 17, 1991

Height 1.80 metres

Birthplace Sydney, Australia

Residence Eastbourne, England

Plays Right-handed

WTA titles 3

Prize money US$5,761,870 (Dh21,162,343.75)

Wins / losses 312 / 181