Britain's V&A museum has agreed to look after and display four ancient carved funeral stones from Yemen which were discovered in a London interior design shop by an archaeology enthusiast.
The funerary stelae – which are believed to date from the second half of the first millennium BC – were recovered after enthusiast alerted the Metropolitan Police's Art and Antiques Unit, which investigates art theft, illegal trafficking and fraud.
The museum has agreed to be the items' custodian until they can be safely returned to Yemen.
The police investigation established the objects are from Yemen, and originate from a necropoli – many of which have been subjected to looting in recent years.
On Tuesday, the director of the V&A, Dr Tristram Hunt, and Dr Yassin Saeed Noman Ahmed, Ambassador for the Republic of Yemen based in the UK, signed a historic agreement for the stones' protection.
It will see the V&A care for the stelae on a temporary basis, until Yemen deems it is safe to return the objects.
A team at the museum will conduct research into the stones before they are showcased at a Culture in Crisis display at the V&A's East Storehouse, at London's Queen Elizabeth Olympic Park, which will open in 2025.
“We are delighted to collaborate with the Republic of Yemen’s Embassy in the UK and The Metropolitan Police’s Art and Antiques Unit to store, research and display these four incredible ancient carved funerary stelae,” Dr Hunt said.
“This is a historic agreement that will give the public the chance to appreciate these exceptional examples of Yemeni culture and creativity, before the objects are repatriated, and shine a light on how the V&A's Culture in Crisis programme helps curtail the illegal trade of looted objects and the preservation of cultural heritage worldwide.”
The agreement is unique, in that in most similar cases, objects might be stored by museums for only a short time before being transferred to their country of origin.
Police hope display will highlight issue of looting artefacts
Commander Stephen Clayman of Central Specialist Crime at the Metropolitan Police, said he hoped the recovery of the items would help encourage people to establish an artefact’s provenance before purchase to avoid fuelling the looting of treasures.
“The Art and Antiques Unit seized these four stelae from a shop in London following information received from a concerned member of the public,” he said.
“The police investigation established that they are ancient archaeological artefacts from Yemen, and came from necropoli that have been subjected to looting in recent years.
“When the seller was given this information they made the generous decision to disclaim them, and asked for them to be returned to Yemen.
“I am pleased that we have been able to achieve this today. I hope that when these pieces go on display at V&A East Storehouse, they may encourage people to consider antiquities from a legal perspective as well as an aesthetic one.
“By establishing an artefact’s provenance before purchase they may avoid inadvertently fuelling the demand for stolen cultural goods. The Art and Antiques Unit would like to thank everyone who contributed to the investigation and this positive outcome.”
The works, which are of the type on The International Council of Museum’s Emergency Red List of Cultural Objects at Risk, will be exhibited to the public as part of a programme dedicated to the preservation of cultural heritage worldwide.
Charles Harper, UK Chargé d'affaires and Deputy Ambassador to Yemen, said the objects will play an important role in rebuilding Yemen in the future.
“Arts and culture can play an important role in rebuilding a society from conflict and this agreement is a fantastic way to ensure Yemeni culture remains in Yemeni care,” he said.
“The war has taken a devastating toll on Yemenis. The UK will continue to support UN-led efforts to bring about a sustainable and inclusive peace in Yemen.”
The display at V&A East Storehouse will tell the story of the unique objects, alongside an overview of the work the museum does promoting and protecting cultural heritage around the world.
Established in 2015, the V&A's Culture in Crisis Programme brings together those protecting cultural heritage, and works closely to support the Metropolitan Police, as well as law enforcement around the world, to help prevent the illicit trade of cultural artefacts.
Britain has come under pressure in recent years to return historic objects to their countries of origin, including the return of the Benin Bronzes.
Last month the US signed a historic agreement with Mohammed Al Hadhrami, Yemen’s ambassador to the US, to establish a cultural property pact that will allow Washington to enforce import restrictions on archaeological and cultural artefacts from Yemen to curb looting.
More from Rashmee Roshan Lall
The bio
Favourite book: Peter Rabbit. I used to read it to my three children and still read it myself. If I am feeling down it brings back good memories.
Best thing about your job: Getting to help people. My mum always told me never to pass up an opportunity to do a good deed.
Best part of life in the UAE: The weather. The constant sunshine is amazing and there is always something to do, you have so many options when it comes to how to spend your day.
Favourite holiday destination: Malaysia. I went there for my honeymoon and ended up volunteering to teach local children for a few hours each day. It is such a special place and I plan to retire there one day.
MATCH INFO
Who: UAE v USA
What: first T20 international
When: Friday, 2pm
Where: ICC Academy in Dubai
UAE currency: the story behind the money in your pockets
UAE%20v%20West%20Indies
%3Cp%3EFirst%20ODI%20-%20Sunday%2C%20June%204%20%0D%3Cbr%3ESecond%20ODI%20-%20Tuesday%2C%20June%206%20%0D%3Cbr%3EThird%20ODI%20-%20Friday%2C%20June%209%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3EMatches%20at%20Sharjah%20Cricket%20Stadium.%20All%20games%20start%20at%204.30pm%0D%3Cbr%3E%0D%3Cbr%3E%3Cstrong%3EUAE%20squad%3C%2Fstrong%3E%0D%3Cbr%3EMuhammad%20Waseem%20(captain)%2C%20Aayan%20Khan%2C%20Adithya%20Shetty%2C%20Ali%20Naseer%2C%20Ansh%20Tandon%2C%20Aryansh%20Sharma%2C%20Asif%20Khan%2C%20Basil%20Hameed%2C%20Ethan%20D%E2%80%99Souza%2C%20Fahad%20Nawaz%2C%20Jonathan%20Figy%2C%20Junaid%20Siddique%2C%20Karthik%20Meiyappan%2C%20Lovepreet%20Singh%2C%20Matiullah%2C%20Mohammed%20Faraazuddin%2C%20Muhammad%20Jawadullah%2C%20Rameez%20Shahzad%2C%20Rohan%20Mustafa%2C%20Sanchit%20Sharma%2C%20Vriitya%20Aravind%2C%20Zahoor%20Khan%0D%3C%2Fp%3E%0A
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.”
UAE currency: the story behind the money in your pockets
THE%20SPECS
%3Cp%3EEngine%3A%203-litre%20V6%20turbo%20(standard%20model%2C%20E-hybrid)%3B%204-litre%20V8%20biturbo%20(S)%0D%3Cbr%3EPower%3A%20350hp%20(standard)%3B%20463hp%20(E-hybrid)%3B%20467hp%20(S)%0D%3Cbr%3ETorque%3A%20500Nm%20(standard)%3B%20650Nm%20(E-hybrid)%3B%20600Nm%20(S)%0D%0D%3Cbr%3EPrice%3A%20From%20Dh368%2C500%0D%3Cbr%3EOn%20sale%3A%20Now%3C%2Fp%3E%0A
Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
Simran
Director Hansal Mehta
Stars: Kangana Ranaut, Soham Shah, Esha Tiwari Pandey
Three stars
ULTRA PROCESSED FOODS
- Carbonated drinks, sweet or savoury packaged snacks, confectionery, mass-produced packaged breads and buns
- Margarines and spreads; cookies, biscuits, pastries, cakes, and cake mixes, breakfast cereals, cereal and energy bars
- Energy drinks, milk drinks, fruit yoghurts and fruit drinks, cocoa drinks, meat and chicken extracts and instant sauces
- Infant formulas and follow-on milks, health and slimming products such as powdered or fortified meal and dish substitutes
- Many ready-to-heat products including pre-prepared pies and pasta and pizza dishes, poultry and fish nuggets and sticks, sausages, burgers, hot dogs, and other reconstituted meat products, powdered and packaged instant soups, noodles and desserts
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
More from Neighbourhood Watch
Killing of Qassem Suleimani
UAE currency: the story behind the money in your pockets
Klopp at the Kop
Matches 68; Wins 35; Draws 19; Losses 14; Goals For 133; Goals Against 82
- Eighth place in Premier League in 2015/16
- Runners-up in Europa League in 2016
- Runners-up in League Cup in 2016
- Fourth place in Premier League in 2016/17
The specs
Engine: 4.0-litre, twin-turbocharged V8
Transmission: nine-speed automatic
Power: 630bhp
Torque: 900Nm
Price: Dh810,000
Ms Yang's top tips for parents new to the UAE
- Join parent networks
- Look beyond school fees
- Keep an open mind