Diversity will be the theme of the 12th Hamdan Bin Mohammed Bin Rashid Al Maktoum International Photography Award, organisers behind the annual competition have announced.
Open to submissions between April 1 and June 30, the competition has a grand prize of $120,000, and will take place across four main categories. While diversity serves as the main theme, it also has been titled as a category, along with general, which includes colour as well as monochrome photographs, portfolio and a new category: digital art.
For the diversity category, judges will be looking for a photograph that artistically captures the concept. “It is one that brings to reality the wonders of the world we live in, highlighting how different yet similar we all are as we share a kindred purpose,” the competition call reads.
Portfolio is a chance for photographers to showcase their storytelling skills. Judges will be looking for “a portfolio of photographs that allows photographers to capture the hearts and minds of audiences in a way which may not be possible through a single photograph.”
General, meanwhile, invites photographers to submit works that may not be in line with the other categories. The category is segmented into two sections for colour and black and white photographs.
The digital category is an opportunity for those with digital technology capabilities, organisers said, to “present works enhanced with meaning and nuances that boosted the overall work of art.”
“Hipa has been working on developing its knowledge and skills in order to continue achieving its vision of spreading the culture of photography,” Ali Bin Thalith, secretary general of the competition, said.
“Our aim is to highlight the progressiveness of civilisation and the evident bridges of communication between nations and cultures through the language of photography through the support of our communities around the world.”
Bin Thalith said diversity was chosen as the theme as it is “a crucial and culturally necessary topic in the global scene.”
“It is a platform for coexistence and the guiding principle of tolerance, acceptance of others, and appreciation of differences. The arts play a crucial role in improving the quality of human communication and confront the topics that counter the prosperity of civilisation, such as extremism and racism, amongst others.”
Bin Thalith also stressed that the grand prize of $120,000 is open to participants in all categories. The incentive, he says, is a challenge to “established and budding photographers.”
The competition also features three honourary prizes.
The Photography Appreciation Award will be given to a person or group with a long-standing commitment to enhancing the art of photography. The Photography Content Creator Award extends to editors, publishers, bloggers, researchers, inventors, promoters and all print and digital content creators that have had a positive impact on the photography industry. Finally, the Emerging Person/Organisation in Photography Award is presented to an emerging person or organisation that has shown outstanding work or vision in the industry, be it on a regional, national or international level.
Submissions for Hipa will be accepted on the official website www.hipa.ae. The deadline for submissions is June 30
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What should do investors do now?
What does the S&P 500's new all-time high mean for the average investor?
Should I be euphoric?
No. It's fine to be pleased about hearty returns on your investments. But it's not a good idea to tie your emotions closely to the ups and downs of the stock market. You'll get tired fast. This market moment comes on the heels of last year's nosedive. And it's not the first or last time the stock market will make a dramatic move.
So what happened?
It's more about what happened last year. Many of the concerns that triggered that plunge towards the end of last have largely been quelled. The US and China are slowly moving toward a trade agreement. The Federal Reserve has indicated it likely will not raise rates at all in 2019 after seven recent increases. And those changes, along with some strong earnings reports and broader healthy economic indicators, have fueled some optimism in stock markets.
"The panic in the fourth quarter was based mostly on fears," says Brent Schutte, chief investment strategist for Northwestern Mutual Wealth Management Company. "The fundamentals have mostly held up, while the fears have gone away and the fears were based mostly on emotion."
Should I buy? Should I sell?
Maybe. It depends on what your long-term investment plan is. The best advice is usually the same no matter the day — determine your financial goals, make a plan to reach them and stick to it.
"I would encourage (investors) not to overreact to highs, just as I would encourage them not to overreact to the lows of December," Mr Schutte says.
All the same, there are some situations in which you should consider taking action. If you think you can't live through another low like last year, the time to get out is now. If the balance of assets in your portfolio is out of whack thanks to the rise of the stock market, make adjustments. And if you need your money in the next five to 10 years, it shouldn't be in stocks anyhow. But for most people, it's also a good time to just leave things be.
Resist the urge to abandon the diversification of your portfolio, Mr Schutte cautions. It may be tempting to shed other investments that aren't performing as well, such as some international stocks, but diversification is designed to help steady your performance over time.
Will the rally last?
No one knows for sure. But David Bailin, chief investment officer at Citi Private Bank, expects the US market could move up 5 per cent to 7 per cent more over the next nine to 12 months, provided the Fed doesn't raise rates and earnings growth exceeds current expectations. We are in a late cycle market, a period when US equities have historically done very well, but volatility also rises, he says.
"This phase can last six months to several years, but it's important clients remain invested and not try to prematurely position for a contraction of the market," Mr Bailin says. "Doing so would risk missing out on important portfolio returns."
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