Sunday, 5 October 2025
Audi Capital, a regional asset and wealth management firm operating in Saudi Arabia since 2006, announces today, at the inaugural Cultural Investment Conference in Riyadh, the launch of the CMA-regulated Audi Capital MENA Art Fund (the “Fund”), the first regulated art fund in Saudi Arabia and the broader MENA region. Any subscription to this Fund remains open exclusively to Institutional and Qualified Clients in accordance with the Terms and Conditions of the Fund issued by Audi Capital on 15 September 2025.
The Fund will primarily invest in modern and contemporary works from established and blue-chip artists from Saudi Arabia and the broader MENA region, with a majority allocation for regional art and the remaining for global art.
The Fund will foster a dynamic art community, connecting like-minded investors. The Fund will also host exclusive quarterly events, bringing together collectors, experts, and industry leaders to explore trends and emerging talent, further supporting the growth of the regional art ecosystem.
Daniel Asmar, CEO of Audi Capital and former Managing Director for the MENA region at Sotheby’s, stated: “Art has long been a powerful medium for storytelling. Through this Fund, we are not only investing in masterpieces but also in the narrative of our region’s artistic evolution. The Audi Capital MENA Art Fund introduces a unique investment opportunity that aligns financial prosperity with cultural legacy.”
This initiative supports Saudi Arabia’s cultural ecosystem by enriching the Kingdom’s cultural landscape and positioning MENA art as a significant force in the global art market.
Friday, 21 February 2025
On one hand, India has a large number of educated unemployed youth, and on the other, the industry is short of skilled professionals. One of the biggest challenges HR managers face today, is finding candidates and match them with the right skillsets. Being qualified is one thing, being skilled for the job quite another. How do we overcome the challenge of getting skilled professionals Skill development training, if delivered in a balanced and well-defined manner, can help bring talent to industry.
Against 12.8 million new entrants to the country’s workforce every year, the capacity of skill development in India is only around 3.1 million. The 12th Five Year Plan set out to increase this capacity to 15 million, and to meet this, skill development through engagement with both the public and private sectors stakeholders, was thought necessary.The National Skill Development Corporation (NSDC) was set up as a part of the National Skill Development Mission in 2008-2009 to address the growing need for skilled manpower across sectors. It was felt that the skill of a large number of young people from the unorganised sector, who lack formal certification, could be utilised under umbrella initiatives recognised by the Government. Prime Minister Narendra Modi’s ambitious Skill India campaign targets training 40 crore people in different skills by 2022. It includes initiatives like the National Skill Development Corporation; the Pradhan Mantri Kaushal Vikas Yojana and the Deen Dayal Upadhyay Grameen Kaushalya Yogna — flagship schemes to incentivise skill training. But lack of awareness about such training programmes, absence of adaptability with changing market needs, and lack of vertical mobility are key challenges facing skill development landscape in India.
Bridging the Gap
Private vocational training institutes can play a major role in helping Government with skill development. The growing disconnects between higher education and industry requirement in India is, today, a matter of grave concern. With our over-emphasis on academic performance, even top-ranked universities are producing qualified, but hardly employable graduates and the employability gap gets wider, every day. Skill development needs to be a strong component of our educational curriculum. A good mix of classroom teaching and practical training is what is needed.
Industry-ready Talent
The last few years has seen an exponential rise in the number start-ups in the country. We need to explore the possibilities of investing in them and feed them not just with funds but also with well-trained and industry-ready professionals. Job training institutes can play a big role in picking up deserving candidates with industry tie-ups.
Smooth coordination between industry and placement institutes helps in tapping of the right potential and creating industry-ready talent. Accreditations and certifications from the industry also add value to new entrants to the job market.
Perfect Matching
There is no dearth of jobs. The shortage really is of the required skills for a particular job. Many a time, an organisation needs only 10 plus 2 candidates from a rural background to fill its vacancies. Training and placement institutes can match organisation’s and the candidate's requirement. Perfect matching is the key to good placement. The idea is to get the right candidate for the right job.
Internship
Internships provide students hands-on work opportunity and help them learn to apply their theoretical knowledge to real life situation. They are stepping stones to the job market.
Many companies give high-performing interns job offers; others give internship certificate which could help one land a good job. Placement institutes that have tie-ups with multinationals and industry bodies can facilitate internships and jobs.
Soft Skills
Good communication and soft skills are part of the job requirement. Placement training institutes can help students master soft skills to increase their market value. From expanding their business vocabulary and increasing their speaking skills, to writing customised e-mails for clients, and preparing interesting Power Point presentation, all these can be learnt at placement training institutes.
Mock Interviews
Companies no longer just look for academic excellence; They lay great stress on a candidate’s suitability for the job and mock interviews and assessment tests can be great tools for preparing for the day of reckoning. They provide appropriate grooming and build up confidence for campus placement interview. Placement institutes can conduct mock interviews, written assessments, and group discussions to prepare students for recruitment. They can organise seminars, workshops and motivational lectures by industry stalwarts to help students understand the latest trends and projections in the industry and perform well at the interview.
Job Fairs
There is need to organise job fairs to aid the recruitment and networking. The attempt should be to connect prospective employees with multiple employers. Such recruitment fairs give students industry exposure and the interactions held provide students real-time experience about the hiring process and methodologies.
Futuristic Skills
We live in a fast-changing technological world. If India wants to move up in the comity of nations, we need to improve our educational infrastructure, and technology is its most important component. We need to integrate technology at the grass root level and introduce futuristic skills to students. The aim should be to empower schools and to support the budding generation of change makers and innovators to visualise, design and create.
Friday, 21 July 2017
Thursday, 13 July 2017
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