Paris police say 16 people have been arrested over Kim Kardashian jewelry robbery. AP
Paris police say 16 people have been arrested over Kim Kardashian jewelry robbery. AP
Paris police say 16 people have been arrested over Kim Kardashian jewelry robbery. AP
Paris police say 16 people have been arrested over Kim Kardashian jewelry robbery. AP

Kim Kardashian puts on brave face during Dubai comeback


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Not only is Kim Kardashian one of the most beautiful women in the world, she is one of the most high-profile too.

This month, she returned to social media for the first time since she was robbed at gunpoint in Paris on October 3.

With the eyes of the world’s media on her, and determined to make a fresh start after a traumatic year, Kardashian made her career comeback in Dubai this weekend.

The robbery — for which 10 suspects have been charged in the past few days — forced her to reschedule a Dubai masterclass with her make-up artist, Mario Dedivanovic, from October to January 13. She was also due to visit the Rashid Centre for Disabled on Sunday and spend time meeting children there.

Despite putting on a brave face at her masterclass, Kardashian’s latest trip to the UAE was noticeably more subdued than previous visits. Whereas in 2014, she revelled in soaking up the spotlight — partying VIP-style at the Abu Dhabi Grand Prix after-party, on the town in Dubai at Nobu’s and on a desert safari with her girlfriends — this time she kept more of a low profile.

The Keeping up the Kardashians star flew into Dubai from LA on January 12, accompanied not by her husband Kanye West or children, Saint and North, but by her sister Kourtney's former partner Scott Disick (who was in Dubai to open American Brasserie and confectionery store the Sugar Factory in Dubai Festival City), and her Beverly Hills plastic surgeon/cosmetic dermatologist, Dr Simon Ourian.

Sporting a large pair of laser-treatment goggles, Kardashian snapchatted to her fans from the airport: “Most people think that I just have good genes, so I want to introduce you to my good genes, Dr Oureon … ain’t no shame in my game! LasersOnThePlane”.

The stars were staying at Atlantis the Palm, and Disick shared a picture of an underwater diver in one of the hotel’s aquarium tanks, holding a “Welcome Scott” message. “Normal,” he wrote.

Make-up artist Dedivanovic had a more low-key journey to Dubai, accompanied by his mum. He posted a photo of her enjoying the high life with a glass of bubbly, with the caption: "On my way to Dubai with mama Mario — I can't deal with her cuteness, literally no greater feeling in life then being able to show her the world. See you soon at @themasterclass #TheMasterClass @etihadairways.'

The following morning, hundreds of women — who had each paid up to Dh6,127 per ticket — queued up for the masterclass, at Dubai’s Zabeel Saray Hotel MusicHall, where they got a first-hand look at Kardashian’s beauty transformation.

Last week, she had revealed anxieties over the state of her skin, tweeting: “Wait, why am I now getting psoriasis on my face?”

Psoriasis is a skin condition that can be triggered by stress, and Kardashian has had plenty of that in the past few months. But it was a clear-skinned Kardashian who stepped onto the stage in a white vest and ripped jeans to a chorus of cheers, with a sea of mobiles held high to film her every move.

“I’m so excited to be here,” she told the audience. “Lets hope Mario does a good job.”

Kardashian smiled awkwardly as she objected to the bright light she was sitting under.

“You look flawless to me,” Dedivanovic reassured her.

As the make up maestro proceeded to paint Kardashian’s face with a multitude of products, he asked the audience to feel free to ask questions. But, he added, “try to make it just make-up and beauty questions, nothing personal for myself or Mrs West”.

Dedivanovic gave more details of some of his techniques as he worked.

“These [brushes] are 15 to 17 years old because I like older brushes,” he said. “I’ve trained them to do what I want them to do.”

He also said that “I always apply three or four layers of highlighter” and “eyebrows should be sisters, not twins”.

Kardashian revealed that her love of make-up has rubbed off on 3-year-old daughter North.

“I own so many make-up brushes and just so much make-up, I love make-up, and now my daughter loves make-up, so she has her own set,” she said.

She also confessed to using “a lot of different products”, adding: “I just try to do what I can to keep my skin hydrated and just clear.”

Dedivanovic added: “I mean, she’s not lazy when it comes to taking care of herself.”

After the tutorial, Kardashian’s fans got a chance to have their photographs taken with her.

One of those in the audience was singer and vlogger Bibi Luna Music. She later tweeted: “@KimKardashian you were amazing! Stunningly beautiful and so sweet. Don’t know how you guys didn’t loose your patience with all these people asking the same questions 100 times.”

Another American star who has been keeping a low profile in Dubai lately is Lindsay Lohan, who deleted all her social media accounts this week.

Before she became famous herself in 2004, Kardashian is said to have worked as Lohan’s stylist, so it is possible the pair have arranged a meetup for this weekend in Dubai.

“@KimKardashian Legend of Dubai, go say hi to Lindsay Lohan for me really quick,” tweeted one of Kardashian’s social media followers, Joey Minaj, on Friday.

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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.”