Elena Lukyanchuck-Ali's work is part of the show Basically Human: Conditional Identities/Conditional Spaces at the DIFC.
Elena Lukyanchuck-Ali's work is part of the show Basically Human: Conditional Identities/Conditional Spaces at the DIFC.

Artists align for a series of shows



The end of summer in the Emirates feels a bit like spring, at least for those with an eye towards the arts. The first green shoots emerged last week when Through the Lenses of Five Palestinians opened at the Courtyard Gallery in Dubai. The show provides a second chance to see a Palestinian photo exhibition that ran at Art Dubai last March. At the time, it was a relatively undersung strand to the fair, not helped by the fact that it showed a long way from the main exhibition space and in the open air, rarely a flattering environment for photographic work. So here's a welcome opportunity to revisit images from Jawad al Malhi, Rana Bishara, Ra'ouf Haj Yihya, Rula Halawani and Shuruq Harb, all either resident in Jerusalem or part of the Palestinian diaspora. The five artists are alike in as much as they work in a broadly symbolic and satirical vein.

Yihya, a teacher at the Birzait University in Jerusalem, has produced a series of pieces emphasising the hunger that besieged Gazans suffer: flatbread is packaged like medicine or stuffed into envelopes marked "express". Bishara, who works out of a studio in Tarshiha, has made a series of images based on the cactus, a Palestinian emblem for patience. In one, the spiny succulent is dipped in blood; in another, an hourglass is embedded in the plant's flesh. Subtle it isn't, but that's beside the point. There is a fine fury to this stuff that ought to shine through much more clearly at the Courtyard. Courtyard Gallery, Al Quoz, Dubai, until September 30

Another early opener last week was the latest exhibition from the British-based
Bangladeshi artist Rana Begum at Dubai's The Third Line. The Moment of Alignment continues Begum's exploration of pristine colour and repetition. She was last seen at The Third Line in 2007 with a show called Colour Codes, a series of paintings and installations that played with garish stripes. The intervening couple of years seems to have led her to focus her energies: the recurring format in her new show is a row of box-section aluminium bars fixed to the wall in a rectangular pattern. Geometrical designs are spray-painted on each bar's edge so that, as the viewer moves, larger patterns drift into alignment. I spoke to Begum before the show opened, and she explained that her goal was to reproduce the moments of serendipitous harmony that one can experience when walking around a large city. "I love the order that you sometimes see in the city," she said. "As you walk along, in the corner of your eye, something will just come together. And it's that kind of experience that I guess I envisage in the work." Flânerie has inspired a lot of work over the past century or so, but little of it is as seductively neat as this. The Third Line, Al Quoz, Dubai, until October 1

Finally, this Tuesday sees the opening of an intriguing new photographic show by students and graduates of two institutions: the American University in Dubai and the
School of Visual Arts in New York. Basically Human: Conditional Identities/Conditional Spaces consists of a series of meditations on the nature of place and nationality by a multinational group of 27 artists. Some of those artists seem impressively cosmopolitan as individuals. Angelica Yassine, who juxtaposes images of the desert and the human body, claims both Lebanese and Filipino roots. Altamash Urooj, whose work "explores themes of growth, transformation and metamorphosis" appears to hail from both Pakistan and Venezuela. Who better to ask tricky questions about identity. But the most recognisable name on the line-up is the Saudi photographer Sami al Turki, one of the standouts from Adach's platform at the Venice Biennale. His work here sounds like it will build on the grainy documentary images of hitchhikers that showed in La Serenissima: expect scenes from a series of journeys "beginning with that of a man he encountered in Dubai's rough, industrial centre". It should be well worth seeing. Empty Quarter Gallery, DIFC Gate Village Building 2, Dubai, September 15 - October 3

THE BIO:

Favourite holiday destination: Thailand. I go every year and I’m obsessed with the fitness camps there.

Favourite book: Born to Run by Christopher McDougall. It’s an amazing story about barefoot running.

Favourite film: A League of their Own. I used to love watching it in my granny’s house when I was seven.

Personal motto: Believe it and you can achieve it.

The rules on fostering in the UAE

A foster couple or family must:

  • be Muslim, Emirati and be residing in the UAE
  • not be younger than 25 years old
  • not have been convicted of offences or crimes involving moral turpitude
  • be free of infectious diseases or psychological and mental disorders
  • have the ability to support its members and the foster child financially
  • undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
  • A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially
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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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Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

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The biog

Favourite food: Fish and seafood

Favourite hobby: Socialising with friends

Favourite quote: You only get out what you put in!

Favourite country to visit: Italy

Favourite film: Lock Stock and Two Smoking Barrels.

Family: We all have one!

In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013