New crackdown ahead for Russia sanction-busters financialmirror.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialmirror.com Daily Mail and Mail on Sunday newspapers.
SHARE
This month, the Dubai government launched Al Quoz Creative Zone, a new hub for creative businesses, including those involved in the visual arts, cinema, music and cultural heritage, to be located in the industrial area of Al Quoz.
To kickstart the initiative, Dubai Culture conducted the first Al Quoz Accelerators workshop, aimed at bringing together committee members from the creative community in order to discuss development plans for the zone and to outline courses of action for the next 100 days.
As a collective effort, our ultimate goal is to become a centre of attraction for creative talents from around the world and to become a global community and capital for the creative economy.
$25m
“For big fat capitalists, it has been an incredible year,” says
Belgian art collector and market watcher Alain Servais. “The S&P [stock market index] has grown by 100 per cent since the dip in March last year. Portfolios have been rising by about 10 per cent and 25 per cent. A lot of people have made a lot of money over the past 12 months.” Belgian collector Alain Servais. Michel Loriaux
For the art market, the change is not only
that there is more money in the system, it’s that the money is coming from different places, and going to different artworks.