Rami Al Ali at his rainforest-inspired fashion show at Paris Haute Couture Week. Courtesy Rami Al Ali
Rami Al Ali at his rainforest-inspired fashion show at Paris Haute Couture Week. Courtesy Rami Al Ali

Rami Al Ali in full bloom with rainforest collection



The historic Musée des Arts Décoratifs in Paris was the backdrop for the Dubai-based couturier Rami Al Ali’s rainforest-inspired autumn/winter 2014/15 collection, presented on Monday.

Congratulations on the show. Talk us through the collection.

I picked up the theme by chance when I was travelling in Brazil. I abandoned my previous theme when I saw the phenomena of the country and the mysterious jungle where it’s all about camouflaging, and trees would be disguising fruit, butterflies, flowers, all sorts – it was beautiful. So the spark for my collection were those wild, vibrant rainforests of the Amazon.

The colour palette naturally paid homage to the rainforest, too.

Yes, when I was there I was surrounded by such intense greens and hints of vibrant colours within that. So I used lots of shades from deep emerald to aqua-ish, a pale beige-green, etc. There were also hints of vibrant colours such as ruby red, egg yellow and royal blue, in addition to touches of pastels of peach and beige.

The collection featured much intricate embroidery, weaving and use of matte sequins and crystals. The show was also awash with voluminous multilayered skirts and you gave the classic A-line a reworking.

Yes, there were plenty of short and long silhouettes. We also worked a lot on the inside of the dresses in this collection, creating contrasts. For example, the fabric outside may be royal blue and yet inside, there’s a heavily detailed yellow fabric. Again, I was striving to create the contrasts I saw in the rainforest.

How have pre-orders for the ­collection been?

I think in September/October we’ll start the first delivery for this collection as most of the pieces have already been selected by clients. Many of my regional clients wanted the collection ahead of time, as they couldn’t go to Paris during Ramadan.

So, as soon as a presentation piece was ready, and if clients have events to attend in September or October, we would show them the prototype in advance. We’d then start sending the digital look-book to those clients requesting appointments. Once the pieces are selected then we start mapping them, as they are never repeated. Meaning, if it’s been booked to a client in Qatar we can’t repeat it to a client in Saudi. Then we have fittings and adjustments to the pieces, which may either be too short or too open for some clients.

What’s the story behind the finale dress?

It’s a gold strapless piece, and a completely new technique for us. We developed something similar for spring/summer 2012, with laser-cutting, but this time we’ve used a new material for it. It’s a modified version of what you’d usually use for embroidery sequins – which is closer to plastic than fabric.

In fact, we wanted to challenge ourselves this season using a lot of different qualities of fabric. Trying to get similar results from different textures was really interesting, whether it’s thick and heavy fabrics, such as satin duchesse and organza, or lighter ones, such as tulle and lace.

You designed shoes for this ­presentation. How did you settle upon the style?

I wanted to do something simple and classic with a touch of modernity; no platforms or thick heels. It’s a really classic flat-soled shoe with an ankle strap, Perspex strip and thin heel to give a nice silhouette to the foot and leg. It’s something that someone who’s very classic would admire just as much as someone young and funky would.

Is Paris getting better for you each year?

Yes, it is. From the international positioning, better articles, more photo shoot requests, better attendees and a different quality of client – even from the Gulf. These are clients who go to the other major fashion houses shows, too, such as Chanel and Dior; we’re getting requests and appointments from them as well now. So it’s a brand build-up that’s going in the right direction.

With Paris conquered, how will you unwind?

Ah, actually I can’t unwind in Paris because there are still a million things to do [laughs]. Later, I’ll take a trip somewhere, a place where there’s no emails, no phones – as quiet as possible so I can relax. I’m a big fan of the Mediterranean, where the food and the mood is guaranteed in ­advance to be good.

rduane@thenational.ae

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Directors: Carol Mansour and Muna Khalidi

Stars: Dr Ghassan Abu-Sittah

Rating: 4/5

The stats: 2017 Jaguar XJ

Price, base / as tested Dh326,700 / Dh342,700

Engine 3.0L V6

Transmission Eight-speed automatic

Power 340hp @ 6,000pm

Torque 450Nm @ 3,500rpm

Fuel economy, combined 9.1L / 100km

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Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
Company profile

Name: Dukkantek 

Started: January 2021 

Founders: Sanad Yaghi, Ali Al Sayegh and Shadi Joulani 

Based: UAE 

Number of employees: 140 

Sector: B2B Vertical SaaS(software as a service) 

Investment: $5.2 million 

Funding stage: Seed round 

Investors: Global Founders Capital, Colle Capital Partners, Wamda Capital, Plug and Play, Comma Capital, Nowais Capital, Annex Investments and AMK Investment Office  

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Aston Villa 1 (Konsa 63')

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Red card: Jon Egan (Sheffield United)

 

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Profession: Senior sports presenter and producer

Marital status: Single

Favourite book: Al Nabi by Jibran Khalil Jibran

Favourite food: Italian and Lebanese food

Favourite football player: Cristiano Ronaldo

Languages: Arabic, French, English, Portuguese and some Spanish

Website: www.liliane-tannoury.com

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.”

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