Mashreq Private Banking partners with Art Dubai Modern for the 3rd year

Mashreq Private Banking was proud to be the inaugural partner of the very first Art Dubai Modern in 2014 and remains proud to continue the association for a third year. Within the context of the renowned Art Dubai Fair, Art Dubai Modern has established an important niche covering 20th Century art from the Middle East and South Asia. An exceptional period known by the exceptional individual.

The tenth edition of the fair will take place from 16 to 19 March 2016 in Mina A’Salam, held under the Patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, Ruler of Dubai. Taking place annually, Art Dubai presents a select yet diverse line-up of around 90 galleries from the UAE, the region and the world across three gallery programmes: Contemporary, Modern, and Marker.

Ayman Abuhabsa, Head of Private Banking, Mashreq commented, “We are thrilled to be part of the continued success of Art Dubai Modern year after year and have been encouraged to continue the partnership by the feedback and enthusiasm of our clients who have previously attended. We understand that individuals have traditionally purchased art for passion, for pleasure, for connoisseurship. In the last decade or so we have seen that art has also been purchased for the investment gains and is now increasingly being referred to as an asset class benchmarked via an index.”

Mr Abuhabsa continued, “Over the last few centuries, the Middle East has continually been recognized for being at the forefront of creativity and the contributions made in the fields of architecture, design and the arts continue to be a reference point today. We have worked with our partners at Art Dubai to try to capture that richness and formulate a programme that shares the Fair’s identity while also reflecting our clients’ and visitors’ cultural, social and intellectual interests. The genes of greatness are still very much here and with the right nurturing and investment from businesses we are witnessing a re-birth of breath-taking expressions that stimulate both the eye and the mind.”

For over 40 years, Mashreq has been opening up financial opportunities for a wide range of industries, growing into the largest private sector bank in the UAE. It has been a part of the Art Dubai Modern since the beginnings, being the art fair’s inaugural partner.