A handout photo of Azza Fahmy (Courtesy: Azza Fahmy)
A handout photo of Azza Fahmy (Courtesy: Azza Fahmy)
A handout photo of Azza Fahmy (Courtesy: Azza Fahmy)
A handout photo of Azza Fahmy (Courtesy: Azza Fahmy)

The Insider: Azza Fahmy


  • English
  • Arabic

“I didn’t think of gender differences when I decided to follow my passion,” says Azza Fahmy, in a soft but self-assured voice. Don’t mistake her confidence as the result of 45 years of experience and success; Fahmy was equally certain of herself when she stepped into Khan El Khalili, Cairo’s ancient jewellery quarter, to learn the tricks of jewellery making in a male-dominated world and amid societal disapproval.

But Fahmy didn’t let that faze her. The native Egyptian’s desire to acquire knowledge about an art that she loved was stronger than any physical or mental barrier. “All I wanted was to gain the necessary know-how to create the designs that were flooding my head,” she says.

Fahmy has been a pioneer most of her life. She gave Egypt its first luxury designer jewellery label in 1969. In the mid-1970s, she was granted a Fellowship by the British Council and invited to study jewellery design at the City of London Polytechnic (now London Guildhall University).

Since setting up a shop in Cairo in 1981, she hasn't looked back. Today, the Azza Fahmy label has expanded to boutiques around Egypt and Jordan and also retails in the United States, the United Kingdom, Qatar and Saudi Arabia. Customers in the UAE can shop for Fahmy's jewellery at Bloomingdale's and Harvey Nichols in Dubai, or from her online store, www.azzafahmy.com.

Fahmy’s jewellery speaks of her mastery over the craft, which she owes to years of meticulous research. “I’ve been to various parts of the world, including Morocco and Sudan, observed their architecture, read their history and taken down notes as I travelled.” She has also made multiple visits to museums, sat with Egyptologists to better understand the architecture of her country and poured her knowledge and experience into her pieces.

All her designs have a meaning and story behind them. Be it a bangle inspired by the great Egyptian singer Umm Kulthum, a ring based on Egyptian hieroglyphics or simply a neckpiece with a pharaonic symbol, Fahmy’s pieces strongly represent her country. “My ultimate goal is to preserve Egypt’s beauty in accurate, well-researched interpretations that can be worn and related to.”

It isn’t a coincidence that Fahmy is dubbed one of the most influential women in Egypt. She has taken on the role of translating the region’s culture for the world very seriously indeed. Numerous collaborations, including those with the British fashion designers Julien MacDonald and Matthew Williamson, have resulted in fascinating and popular collections. Fahmy feels that all her partnerships have offered her important insights on design.

She finds that people in the UAE are “extremely in tune with world trends and have a fantastic penchant for unique products and quality”. She has regular clients from the Middle East, including the royal families of Saudi Arabia, Kuwait, Bahrain and Jordan. “We create bespoke jewellery for interested patrons, especially from the Gulf, who like to turn religious poetry into wearable pieces of art.”

The Islamic and Egyptian cultures are just a few of the many interpreted in Fahmy’s designs. Her creations are also inspired by Ottoman, African and tribal civilisations, with the view that each design should be authentic and wearable. “In doing so, we create a link between the past and present,” she says.

From where does the designer draw inspiration? “It’s how you look at things and feel about them that determines whether they can inspire you. In my case, I feel blessed to find the source in almost anything I lay my eyes on.”

To document Egypt's rich heritage, Fahmy published a book called Enchanted Jewelry of Egypt: The Traditional Art and Craft in 2003. "I've always been fond of collecting jewellery and, over a period of time, realised that most of the pieces I own do not exist elsewhere."

That’s how the thought of writing a book was born. “Anyone interested in Egyptian heritage jewellery can refer to my book. For example, we have a tradition of melting down old silver jewellery to make new pieces in my country.” A reason why not many people have preserved their traditional heirlooms, perhaps.

To further preserve the art, the Azza Fahmy Design Studio, a jewellery-designing school, opened its doors to national and international students last year. “There’s a dearth of institutions for jewellery designing in Egypt. International techniques of instruction will bring out the creativity of aspiring designers and curb their tendency to copy each other,” she says.

Creating and inspiring has been a way of life for Fahmy for almost half a century. Today, her name is synonymous with Egyptian jewellery. Would she have done it any other way? “Everyone has a way of expressing themselves; for me, jewellery is the way I tell a story,” she smiles.

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The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

The biog

Title: General Practitioner with a speciality in cardiology

Previous jobs: Worked in well-known hospitals Jaslok and Breach Candy in Mumbai, India

Education: Medical degree from the Government Medical College in Nagpur

How it all began: opened his first clinic in Ajman in 1993

Family: a 90-year-old mother, wife and two daughters

Remembers a time when medicines from India were purchased per kilo

COMPANY%20PROFILE
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Scores in brief:

Boost Defenders 205-5 in 20 overs
(Colin Ingram 84 not out, Cameron Delport 36, William Somerville 2-28)
bt Auckland Aces 170 for 5 in 20 overs
(Rob O’Donnell 67 not out, Kyle Abbott 3-21).

The specs: 2018 Nissan 370Z Nismo

The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
​​​​​​​Fuel consumption, combined: 10.5L / 100km

HAJJAN
%3Cp%3EDirector%3A%20Abu%20Bakr%20Shawky%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cbr%3EStarring%3A%20Omar%20Alatawi%2C%20Tulin%20Essam%2C%20Ibrahim%20Al-Hasawi%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cbr%3ERating%3A%204%2F5%3C%2Fp%3E%0A
In-demand jobs and monthly salaries
  • Technology expert in robotics and automation: Dh20,000 to Dh40,000 
  • Energy engineer: Dh25,000 to Dh30,000 
  • Production engineer: Dh30,000 to Dh40,000 
  • Data-driven supply chain management professional: Dh30,000 to Dh50,000 
  • HR leader: Dh40,000 to Dh60,000 
  • Engineering leader: Dh30,000 to Dh55,000 
  • Project manager: Dh55,000 to Dh65,000 
  • Senior reservoir engineer: Dh40,000 to Dh55,000 
  • Senior drilling engineer: Dh38,000 to Dh46,000 
  • Senior process engineer: Dh28,000 to Dh38,000 
  • Senior maintenance engineer: Dh22,000 to Dh34,000 
  • Field engineer: Dh6,500 to Dh7,500
  • Field supervisor: Dh9,000 to Dh12,000
  • Field operator: Dh5,000 to Dh7,000

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.”

Opening Rugby Championship fixtures:Games can be watched on OSN Sports
Saturday: Australia v New Zealand, Sydney, 1pm (UAE)
Sunday: South Africa v Argentina, Port Elizabeth, 11pm (UAE)