Can Dubai topple the dictatorships of the fashion world?


Justin Thomas
  • English
  • Arabic

As Dubai Fashion Week gets under way, it is worth musing over what it takes to break into fashion's big four: Paris, Milan, London and New York. Can the UAE make the leap from star consumer to hotbed of creative genius? Could Dubai be the missing fifth element?

The story of one fashion house might be instructive, and it begins in an impoverished one-room apartment at a bitterly cold winter deathbed. How long six-year-old Gabrielle and her siblings sat in attendance next to their mother's corpse is a mystery. A chronically absent father meant that she would be raised in abject austerity at the monastic orphanage of St Etienne in France.

Who could predict that this illegitimate, orphaned peasant girl would grow up to employ thousands of people, counting among her employees no less than a grand duchess. Her often apocryphal biographies suggest she held the hearts of artists and aristocrats in her hands. In rejecting a marriage proposal from the thrice-divorced Duke of Westminster, she nonchalantly quipped: "There have been many Duchesses of Westminster, but only one Coco Chanel." So reads the rags to riches legend of Mademoiselle Gabrielle Chanel.

The designs of Chanel are still with us nearly 40 years after her death, and her monastery-inspired austere minimalism is today frequently juxtaposed against the luxurious backdrop of the UAE's spectacular mall-scape. Chanel's 2.55 handbag, with its once innovative chain strap, is ubiquitous here. In terms of brand recognition, the childlike interlinking Cs of the Chanel logo are as instantly recognisable as the Nazi swastika - and for some fashionistas, equally emotive.

But what makes the allure of Chanel and the other leading fashion houses so strong? Is there really a touch of genius in the design? Are these "gifted creatives" actually able to commune with the zeitgeist, the "spirit of the age", and divine the collective sartorial aspirations of the masses?

Certainly Chanel did not think so. She saw herself more as a fashion dictator, suggesting to one of her biographers: "These women, I'm bloody well going to dress them in black … I imposed black; it's still going strong today, for black wipes out everything else around."

But perhaps it is the personal myth of the designer that imbues their creations with the fetishistic magic so often associated with high fashion. Certainly Chanel's own myth is a powerful tale of transformation, a narrative of triumph over adversity, enfolding a tragic sub-plot of love lost, and boasting a fairytale cast of thousands including Stravinsky, Salvador Dali and Picasso. Chanel suggested that in purchasing her creations, women became "privileged characters who are incorporated into our legend. For them this is a far greater pleasure."

"Fashionologists" who study the sociology of fashion have traditionally proposed the trickle down theory. This basically argues that the driving forces of fashion are imitation and differentiation. In short, one strata of society signals its higher status through its dress and accessories, and these styles trickle down to the lower strata who attempt to imitate them in the interest of upward social mobility. The lower strata's imitation causes the higher strata to reinvent its costumes, thereby reasserting social distinction.

It is easy to understand why economists have long referred to fashion as "capitalism's favourite child". A pair of sturdy boots might last forever, but fashions always change.

Dr Yuniya Kawamura, an assistant professor of sociology at the Fashion Institute of Technology in New York, argues that this depends on an institutionalised system made up of designers, manufacturers, wholesalers, public relations people, journalists and ad agencies. This is a system of legitimisation that creates the charismatic superstar "creative genius" at its heart.

And what does this mean for the UAE? After several misfires, Dubai Fashion Week is back under new management. Can this showcase of local designers tailor their own system to join the big four? Might Emiratisation one day expand into indigenous fashion system, perhaps even challenging the hegemony of the self-legitimating systems elsewhere? Might expensive luxury items consumed in the UAE come to be conceived here too? Or must Paris forever dictate what people should and should not wear?

Justin Thomas is professor of psychology in the department of health science at Zayed University in Abu Dhabi

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.”

Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

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%3Cp%3E%3Cstrong%3ECreator%3A%3C%2Fstrong%3E%20Ramez%20Galal%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Ramez%20Galal%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStreaming%20on%3A%20%3C%2Fstrong%3EMBC%20Shahid%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E2.5%2F5%3C%2Fp%3E%0A
Game Changer

Director: Shankar 

Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram

Rating: 2/5

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Infiniti QX80 specs

Engine: twin-turbocharged 3.5-liter V6

Power: 450hp

Torque: 700Nm

Price: From Dh450,000, Autograph model from Dh510,000

Available: Now

The specs

Engine: 3.9-litre twin-turbo V8
Power: 620hp from 5,750-7,500rpm
Torque: 760Nm from 3,000-5,750rpm
Transmission: Eight-speed dual-clutch auto
On sale: Now
Price: From Dh1.05 million ($286,000)

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less
Know your Camel lingo

The bairaq is a competition for the best herd of 50 camels, named for the banner its winner takes home

Namoos - a word of congratulations reserved for falconry competitions, camel races and camel pageants. It best translates as 'the pride of victory' - and for competitors, it is priceless

Asayel camels - sleek, short-haired hound-like racers

Majahim - chocolate-brown camels that can grow to weigh two tonnes. They were only valued for milk until camel pageantry took off in the 1990s

Millions Street - the thoroughfare where camels are led and where white 4x4s throng throughout the festival

The biog

Name: Salvador Toriano Jr

Age: 59

From: Laguna, The Philippines

Favourite dish: Seabass or Fish and Chips

Hobbies: When he’s not in the restaurant, he still likes to cook, along with walking and meeting up with friends.

The bio

Academics: Phd in strategic management in University of Wales

Number one caps: His best-seller caps are in shades of grey, blue, black and yellow

Reading: Is immersed in books on colours to understand more about the usage of different shades

Sport: Started playing polo two years ago. Helps him relax, plus he enjoys the speed and focus

Cars: Loves exotic cars and currently drives a Bentley Bentayga

Holiday: Favourite travel destinations are London and St Tropez

SPECS
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Illegal%20shipments%20intercepted%20in%20Gulf%20region
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Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

THE SPECS

Engine: 6.75-litre twin-turbocharged V12 petrol engine 

Power: 420kW

Torque: 780Nm

Transmission: 8-speed automatic

Price: From Dh1,350,000

On sale: Available for preorder now

The%20specs
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Barcelona 3
Messi (27’, 32’, 87’)

Leganes 1
El Zhar (68’)

COMPANY PROFILE
Name: Mamo 

 Year it started: 2019 Founders: Imad Gharazeddine, Asim Janjua

 Based: Dubai, UAE

 Number of employees: 28

 Sector: Financial services

 Investment: $9.5m

 Funding stage: Pre-Series A Investors: Global Ventures, GFC, 4DX Ventures, AlRajhi Partners, Olive Tree Capital, and prominent Silicon Valley investors. 

 
The biog

From: Upper Egypt

Age: 78

Family: a daughter in Egypt; a son in Dubai and his wife, Nabila

Favourite Abu Dhabi activity: walking near to Emirates Palace

Favourite building in Abu Dhabi: Emirates Palace

The specs
Engine: 2.4-litre 4-cylinder

Transmission: CVT auto

Power: 181bhp

Torque: 244Nm

Price: Dh122,900 

UK’s AI plan
  • AI ambassadors such as MIT economist Simon Johnson, Monzo cofounder Tom Blomfield and Google DeepMind’s Raia Hadsell
  • £10bn AI growth zone in South Wales to create 5,000 jobs
  • £100m of government support for startups building AI hardware products
  • £250m to train new AI models