Five industry experts share their views on the trends, products, designers and events that will shape the coming year.
Maarten Groven Senior concept and interior designer for the design company Creneau International
Poetic minimalism versus urban jungle – these are two trends that have been building up over the past couple of years, but this year all those ideas will take form in our living rooms and beyond. Marble, brass, glass and stone will be used more than they have in the last 30 years. It may sound clichéd to some, but designers are going back to these trends in a big way. In a world filled with innovation and technology, we’re searching for ways to keep ourselves in touch with Mother Earth. By working with the elements of earth, wind and fire, designers are creating objects and materials with a certain purity, which we like to call poetic minimalism. Also, jungle prints have been around for some time, but in 2015 these will come back in various shapes and designs, mostly combined with modern patterns and techniques.
George Foster-Vincent Head designer in the UAE for the furniture brand Ethan Allen
The colour of 2015 is going to be dramatic and luxurious – marsala is the latest trend in home fashion at Ethan Allen. This hot shade has been introduced with its family of berry tones to provide the option of intensive and softer tones. It can also be paired with coordinating colours such as Guilford green, Portland grey, Chantilly lace and pink damask. Metallic finishes are also taking over. We have been seeing these shades shine throughout 2014 but they will continue to be popular in 2015. Ethan Allen will introduce 19th-century sculptural-style pieces that will help this rich tone to remain cool, hip and chic. In 2015, the Ethan Allen customer can expect classical designs with a modern take, from smoky colours such as marsala, our colour of the year, to soft tones such as powdered pinks, French grey, and sky blues. Customers can also expect the arrival of two new collections in spring/summer 2015. The first to arrive in Dubai will include handcrafted pieces inspired by the 19th century, with hand-distressed finishes as an option, and beautiful silhouettes on upholstery pieces. The second collection, arriving in the summer, will combine 21st-century and French-influenced design.
Lyndall Fernie Tutor at the Chelsea College of Arts in Dubai
The biggest trend forecast for 2015 is the use of copper and brass finishes. Incorporated into switch plates, handles, lamps, taps and accessories, these beautiful materials are both warm and elegant, and add shine and depth to a scheme. Combined with a midnight blue, I believe, will be the prevalent trend over the forthcoming year. If dark blue is distressed, this provides a fabulous backdrop to the smoothness and warmth of the metallic finishes. Wooden flooring has been popular for a while now, but for a truly contemporary feel, lay it in a herringbone pattern using a pale grey finish. This is an extremely sophisticated look that sits comfortably in both traditional and ultra-modern interiors. The use of full height, Crittall-style doors and windows has been influenced by the large loft-style warehouse apartments in New York. The thin profile of the black frames combined with the rectangular glass draws the eye up inside a room, creating an added sense of height.
Gianfrancesco De Falco Tutor at the Chelsea College of Arts in Dubai
Remember, trends are just guidelines that don’t have to be followed unconditionally, but 2015 will be a year for eco-friendly design. Natural materials, such as wood, glass, stone and metal will be used together, creating a unique, organic and eclectic style. Also, accessories will be inspired by nature, such as glass vases and wooden sculptures. China dinnerware will be a popular accessory, while animal prints and textures will also be trending next year. In kitchens, under-cabinet LED lighting will be a popular option and energy-saving appliances and water faucets will be in demand. Bathrooms will move towards more simplicity, with cleaner lines and a more minimalist vibe. You can expect quartz countertops to replace granite. The vibrant and elegant calypso blue has recently been selected as the 2015 Interior Colour of the Year by designers and interiors experts, as a result of an initiative by the colour-design experts at Robert Allen. Now that you have these hints, remember that it’s always necessary to learn the rules before you break them.
Cyril Zammit Fair director of Design Days Dubai
Design Days Dubai prides itself on being the most diverse limited-edition design fair, and after three editions, we are expanding our geographical reach even more, with new entries from Taiwan and China. Visitors to the 2015 edition of the fair can expect to see newly elevated works of design by emerging designers that are of the same calibre as established ones. The Emirati designer Aljoud Lootah will be previewing her first full collection of limited-edition design objects at the event. Having seen her enter the scene a few years back and establish her identity, we are thrilled that she chose Design Days Dubai as a platform to an international audience. Newcomers such as Gallery All and Gallery Fumi will be showcasing exciting and refined works by Zhoujie Zhang and Study O Portable respectively. We are looking forward to welcoming everyone to the fourth edition of Design Days Dubai, and seeing the first great steps in 2015 that confirm Dubai’s position as a world-renowned design hub.
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Tributes from the UAE's personal finance community
• Sebastien Aguilar, who heads SimplyFI.org, a non-profit community where people learn to invest Bogleheads’ style
“It is thanks to Jack Bogle’s work that this community exists and thanks to his work that many investors now get the full benefits of long term, buy and hold stock market investing.
Compared to the industry, investing using the common sense approach of a Boglehead saves a lot in costs and guarantees higher returns than the average actively managed fund over the long term.
From a personal perspective, learning how to invest using Bogle’s approach was a turning point in my life. I quickly realised there was no point chasing returns and paying expensive advisers or platforms. Once money is taken care off, you can work on what truly matters, such as family, relationships or other projects. I owe Jack Bogle for that.”
• Sam Instone, director of financial advisory firm AES International
"Thought to have saved investors over a trillion dollars, Jack Bogle’s ideas truly changed the way the world invests. Shaped by his own personal experiences, his philosophy and basic rules for investors challenged the status quo of a self-interested global industry and eventually prevailed. Loathed by many big companies and commission-driven salespeople, he has transformed the way well-informed investors and professional advisers make decisions."
• Demos Kyprianou, a board member of SimplyFI.org
"Jack Bogle for me was a rebel, a revolutionary who changed the industry and gave the little guy like me, a chance. He was also a mentor who inspired me to take the leap and take control of my own finances."
• Steve Cronin, founder of DeadSimpleSaving.com
"Obsessed with reducing fees, Jack Bogle structured Vanguard to be owned by its clients – that way the priority would be fee minimisation for clients rather than profit maximisation for the company.
His real gift to us has been the ability to invest in the stock market (buy and hold for the long term) rather than be forced to speculate (try to make profits in the shorter term) or even worse have others speculate on our behalf.
Bogle has given countless investors the ability to get on with their life while growing their wealth in the background as fast as possible. The Financial Independence movement would barely exist without this."
• Zach Holz, who blogs about financial independence at The Happiest Teacher
"Jack Bogle was one of the greatest forces for wealth democratisation the world has ever seen. He allowed people a way to be free from the parasitical "financial advisers" whose only real concern are the fat fees they get from selling you over-complicated "products" that have caused millions of people all around the world real harm.”
• Tuan Phan, a board member of SimplyFI.org
"In an industry that’s synonymous with greed, Jack Bogle was a lone wolf, swimming against the tide. When others were incentivised to enrich themselves, he stood by the ‘fiduciary’ standard – something that is badly needed in the financial industry of the UAE."
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UAE currency: the story behind the money in your pockets
Gothia Cup 2025
4,872 matches
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116 pitches
76 nations
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2 Kuwaiti teams
MATCH INFO
Europa League semi-final, second leg
Atletico Madrid (1) v Arsenal (1)
Where: Wanda Metropolitano
When: Thursday, May 3
Live: On BeIN Sports HD
GREATEST ROYAL RUMBLE CARD
The line-up as it stands for the Greatest Royal Rumble in Saudi Arabia on April 27
50-man Royal Rumble
Universal Championship
Brock Lesnar (champion) v Roman Reigns
Casket match
The Undertaker v Rusev
Intercontinental Championship
Seth Rollins (champion) v The Miz v Finn Balor v Samoa Joe
SmackDown Tag Team Championship
The Bludgeon Brothers v The Usos
Raw Tag Team Championship
Sheamus and Cesaro v Bray Wyatt and Matt Hardy
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Jeff Hardy (champion) v Jinder Mahal
Singles match
Triple H v John Cena
To be confirmed
AJ Styles will defend his WWE World Heavyweight title and Cedric Alexander his Cruiserweight Championship, but matches have yet to be announced
Tonight's Chat on The National
Tonight's Chat is a series of online conversations on The National. The series features a diverse range of celebrities, politicians and business leaders from around the Arab world.
Tonight’s Chat host Ricardo Karam is a renowned author and broadcaster who has previously interviewed Bill Gates, Carlos Ghosn, Andre Agassi and the late Zaha Hadid, among others.
Intellectually curious and thought-provoking, Tonight’s Chat moves the conversation forward.
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Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
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Awar Qalb
Director: Jamal Salem
Starring: Abdulla Zaid, Joma Ali, Neven Madi and Khadija Sleiman
Two stars
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.”