British fashion designer Stella McCartney is a proponent of ethical trends in the fashion industry. Photo by Mary McCartney
British fashion designer Stella McCartney is a proponent of ethical trends in the fashion industry. Photo by Mary McCartney
British fashion designer Stella McCartney is a proponent of ethical trends in the fashion industry. Photo by Mary McCartney
British fashion designer Stella McCartney is a proponent of ethical trends in the fashion industry. Photo by Mary McCartney

My Luxury Life: Stella McCartney


Selina Denman
  • English
  • Arabic

What does sustainability mean to you?

It’s just the way I was brought up. It’s been ingrained in me to respect fellow creatures and to be mindful of how one approaches life, so it was a no-brainer for me to take that into the way I conduct myself in business.

When did you become interested in the idea of ethical fashion?

It came naturally to me. My first job is to make desirable, luxurious, beautiful clothing and accessories that women want to buy. But I will always take the opportunity to use a beautiful organic fabric. I obviously don’t use any animal skins or furs, which have a huge impact on the planet. My first decision is always based on: can I do this in a more environmental way without sacrificing design? If I can, then there is no reason not to.

is there a particular charitable cause that you hold close to your heart?

I am a big supporter of many charities and organisations. For example, we have the sustainability programmes in Patagonia where we work with local communities and help secure trade for them that is very kind to the animals, in particular, kind to the sheep. But also what is critical with the wool trade is the replenishing of the soil, to give back the nutrients. So we are looking after the soil, the animals and the people.

If you could change one thing about the world, what would it be?

I am by no means perfect, but I do really think we should try to act responsibly whenever we can, and this includes the fashion industry. Sustainability is important, recycling is important. I think it’s a mindset; everyone can do really simple things to make a difference and every little contribution counts. But there is a long way to go.

What one piece of advice would you offer consumers to help them become more conscientious?

The first step is to gather information and to know that every little bit helps. It’s about doing the best we can.

What ethical brands do you love?

There are tonnes of heroes I have outside of the industry, but in fashion I can only think of Katharine Hamnett, who is championing this kind of thing. She’s very vocal and talented and she is a cool woman. Unfortunately, I do not have many peers who are this way at all, but I hope that in the near future I can list a million eco-friendly brands in fashion.

Who inspires you?

My inspiration is always women in general; what they need and what they want.

You don't use leather or fur in your designs – but do you think the fashion industry's attitudes to fur are changing for the worse?

I think a lot [of companies] don’t have the information, or they’re not aware of the impact. I think a lot of them don’t care, sadly. I’d definitely cut out fur, absolutely first and foremost because there’s no reason to do it. It’s an extraordinarily cruel and destructive material to use in fashion.

sdenman@thenational.ae

How to get exposure to gold

Although you can buy gold easily on the Dubai markets, the problem with buying physical bars, coins or jewellery is that you then have storage, security and insurance issues.

A far easier option is to invest in a low-cost exchange traded fund (ETF) that invests in the precious metal instead, for example, ETFS Physical Gold (PHAU) and iShares Physical Gold (SGLN) both track physical gold. The VanEck Vectors Gold Miners ETF invests directly in mining companies.

Alternatively, BlackRock Gold & General seeks to achieve long-term capital growth primarily through an actively managed portfolio of gold mining, commodity and precious-metal related shares. Its largest portfolio holdings include gold miners Newcrest Mining, Barrick Gold Corp, Agnico Eagle Mines and the NewMont Goldcorp.

Brave investors could take on the added risk of buying individual gold mining stocks, many of which have performed wonderfully well lately.

London-listed Centamin is up more than 70 per cent in just three months, although in a sign of its volatility, it is down 5 per cent on two years ago. Trans-Siberian Gold, listed on London's alternative investment market (AIM) for small stocks, has seen its share price almost quadruple from 34p to 124p over the same period, but do not assume this kind of runaway growth can continue for long

However, buying individual equities like these is highly risky, as their share prices can crash just as quickly, which isn't what what you want from a supposedly safe haven.

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MATCH RESULT

Liverpool 4 Brighton and Hove Albion 0
Liverpool: 
Salah (26'), Lovren (40'), Solanke (53'), Robertson (85')    

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

Classification of skills

A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation. 

A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.

The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000. 

EA Sports FC 26

Publisher: EA Sports

Consoles: PC, PlayStation 4/5, Xbox Series X/S

Rating: 3/5

Match info

Uefa Nations League A Group 4

England 2 (Lingard 78', Kane 85')
Croatia 1 (Kramaric 57')

Man of the match: Harry Kane (England)

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

Read part one: how cars came to the UAE

SPECS

Engine: Two-litre four-cylinder turbo
Power: 235hp
Torque: 350Nm
Transmission: Nine-speed automatic
Price: From Dh167,500 ($45,000)
On sale: Now