The antiques section of Al Bateen's Etihad galleries is now open to all. Charles Crowell for The National
The antiques section of Al Bateen's Etihad galleries is now open to all. Charles Crowell for The National

Two new art galleries in Abu Dhabi



Qurans from 8th-century Kashmir and Moroccan prayer books from the 17th and 19th centuries are cased in glass cabinets. Above them hang stunning Ottoman-inspired mother-of-pearl wooden inlaid pieces and hand-painted Quranic inscriptions. These are the treasures that fill just one corner of adjacent villas in Abu Dhabi’s Al Bateen area that’s home to the Etihad Modern Art Gallery and Etihad Antiques Gallery.

The modern art gallery is new, and while the antiques gallery has been in place since 2004, this is the first chance for the public to get inside, as it previously only offered private viewings.

The galleries display the vast collections of the Emirati artist Khalid Seddiq Al Mutawa and Mohammed Khalil, an Iraqi collector and expert in Islamic art and antiques.

Inside the gallery, there are many exquisitely preserved pieces comparable to those seen in some of the finest Islamic museums. As well as the Holy scripts there are swords, pieces of body armour and warrior helmets that, positioned on their stands with their chain mail shields fully extended, almost exude the air of the battles they have fought.

“I have more than 1,500 swords,” says the soft-spoken Khalil, who has published a book to encompass his full collection. “It is the biggest collection of swords in the Arab world. I love weapons because they are so much part of our history. As Arabs, our swords were as important to us as our wives. We loved them, we made intricate patterns on them and everyone had them.”

Although he is reluctant to show us which is the most significant or important sword on display, he does reveal that one of the weapons belonged to the last sultan from the Ayyubid period and is the only one of his weapons in existence in the world.

“It makes me happy to display them to the public,” he continues. “I think we should be proud of our history.”

In the second villa, rare European paintings compete for space on the walls. A 19th-century piano sits alongside tables, chairs and silk rugs from across the centuries, giving the space a cosy living-room feel despite being full to the rafters with priceless items.

In an upstairs room, a curtain from the Holy Kaaba in Mecca covers one wall and an early gramophone sits on the floor opposite it while African figurines populate the shelves. It is a cacophony of information that can start to make the mind boggle.

“They have been collecting these items for 20 years,” says Mohammed Al Homsi, the gallery manager. “It is a very important moment for them to finally display them like this because there are only a few gallery spaces in Abu Dhabi and they are creating something new.”

Alongside the antiques, there is space dedicated to contemporary art from a variety of locally based artists.

The Greek photographer Yiannis Roussakis is afforded a whole room for his spectacular black-and-white images of the Sheikh Zayed Grand Mosque, as is Khaled Al Najjad, a Cuban-Syrian artist who paints photorealistic portraits.

On a wooden balcony, running along one side of the villa and behind it, is an entire gallery of mixed-media pieces, many of which are by artists from the Abu Dhabi Art Squad collective. Some of the highlights include an abaya made from multicoloured Nespresso coffee capsules that makes a comment on the seemingly disposable nature of traditional culture, and framed fish made from sequins, beads and paint that shimmer under flickering light.

“I don’t want this to be a normal gallery,” says Al Mutawa. “We work with our hearts and not our minds. We will have regular exhibitions and promote modern and contemporary art, but we are also placing a strong emphasis on the extremely important items from our deeply rooted history.

“The old civilisations are so beautiful and they are disappearing fast. In Abu Dhabi we do not have a very old civilisation but we appreciate and love art. This is part of our responsibility to preserve and display it.”

• Etihad Modern Art Gallery and Etihad Antiques Gallery are located opposite Al Bateen Mall in Abu Dhabi. The modern art gallery is open for drop-ins; viewings at the antiques gallery are by appointment only. For more information, call 02 667 1229 or visit www.etihadgallery.com

aseaman@thenational.ae

Election pledges on migration

CDU: "Now is the time to control the German borders and enforce strict border rejections" 

SPD: "Border closures and blanket rejections at internal borders contradict the spirit of a common area of freedom" 

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Stats at a glance:

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Number in service: 6

Complement 191 (space for up to 285)

Top speed: over 32 knots

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Length 152.4 m

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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.”