British-Indian artist Sacha Jafri addressing the bidders (Photos/Neeraj Murali)
Bidders looking at art at the auction.
Mona Kattan, Sacha Jafri, Sima Ved were among those who put their money where their heart is to help provide meals to the needy as part of the ‘100 Million Meals’ Live charity art auction.
The ‘100 Million Meals’ Live charity art auction held in Dubai on Saturday demonstrated the extraordinary level at which the art world can contribute to charitable causes. The charity auction recorded a sell-out of all valuable items, raising over Dh36.67 million, which will help provide 36,673,000 meals to the needy in 20 countries throughout the holy month of Ramadan.
Dubai: A Dubai charity auction of artworks by leading artists and celebrities, and from the personal collections of world leaders, has raised Dh36,673,000 for the UAE’s ‘100 Million Meals’ Ramadan campaign to feed disadvantaged individuals and families in 30 countries.
The live in-person event on Saturday night featured a piece of the Kiswa, the cover of the Kaaba structure in Mecca’s grand mosque, from the personal collection of His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai. The Kiswa piece was sold for $2.7 million.
Other items included works by the late South African President Nelson Mandela, artists Pablo Picasso, Salvador Dali, Henri Matisse and Joan Miro, and British artist Sacha Jafri, who recently created the world’s largest painting on canvas in Dubai. A part of Jafri’s ‘The Road to Journey of Humanity’ painting sold for $4.2 million, the highest amount at the auction.
UAE: Dh38m raised for 100 million meals drive in art auction
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This initiative by His Highness Shiekh Mohammed is all about humanity.
The International Charity Art Auction supporting ‘100 Million Meals’ campaign raised more than Dh37.54 million ($10.28 million) on Saturday during a live in-person auction in Dubai.
On display were a piece of Kaaba cover (Kiswa), embroidered in gold and silver, donated by His Highness Sheikh Mohammad bin Rashid Al Maktoum, Vice-President and Prime Minister of UAE and Ruler of Dubai, rare artworks by world-renowned artists and figures including a collection of gold and silver medallions designed by the Spanish artist Pablo Picasso, and paintings by British artist Sacha Jafri, who recently created a world record by painting the largest canvas in Dubai.
New York State Teachers initiates search for CMBS manager
New York State Teachers initiates search for CMBS manager
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The New York State Teachers Retirement System, Albany, is conducting a request for information to identify one or more qualified firms to manage a commercial mortgage-backed securities separate account, a spokeswoman for the $134.8 billion pension fund confirmed. This RFI is to canvass the market for CMBS managers, Heidi Brennan, a pension spokeswoman, said in an email. New managers may or may not be added.
Incumbent CMBS managers are BlackRock, Prima Capital Advisors and Raith Capital Partners, she said.
There is no target allocation for CMBS, but the current portfolio was valued at about $1.5 billion as of February, she said. CMBS managers operate on one-year annual contracts.
Aston Villa’s Anwar El Ghazi shoots at goal Pool via REUTERS/Michael Steele
Aston Villa FC spoke out against a torrent of antisemitic and anti-Israel comments posted on social media following a Passover greeting posted by the soccer team on its Facebook page. The club’s statement came as more than 27,000 “angry” emojis have been logged by social media users in response to the holiday message, versus about 6,000 positive reactions.
“The club deplores religious intolerance of any form and is an inclusive organization who welcomes people of all faiths,” Aston Villa wrote in a Facebook comment on Monday.
On March 27, at the start of the Jewish holiday, the Birmingham-based soccer club which is co-owned by Egyptian billionaire Nassef Sawiris had posted a graphic on Facebook featuring the Aston Villa logo, along with a large Star of David and the greeting “Happy Passover.” The post also included the caption “