A competition no one can win


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As Fashion Expo Arabia drew to a very late close on Wednesday night and Dubai Fashion Week followed on Thursday, there was, it has to be said, a collective sigh of relief from all concerned. These events are huge undertakings for the organisers and the participants alike, with the weight of expectation bearing down on them, and never more so than this season, in which two new fashion trade shows threw down a gauntlet to the established DFW.

The Abu Dhabi-based Fashion Expo Arabia had been bullish from the start about its line-up of both fashion stars and serious buyers. While attendance and sales figures were not available at the time of writing, certainly the catwalk line-up was excellent throughout. The highlight of the final day was the conclusion of the Adach-supported Emerging Emirati Fashion Designers competition, with a catwalk show that saw four graduates of Sheikh Zayed Private Academy and the designers of the Sharjah-based brand Kanzi pit their collections against the girls who had shown on day one of the exhibition.

While Kanzi had been the favourite to win, on the basis of its market-ready state, the prize of Dh10,000 was in fact awarded by Abdulla al Ameri, the director of arts and culture at Adach, to Majedah Hussain Darwish, of Preston University Ajman, for her colourful, floating jelabiyas and kaftans. Her tutor, Saqib Sohail, said that she was a thoroughly deserving winner, trying to combine motherhood and a teaching job with her passion for style.

When Gaspard Yurkievich's show failed to materialise, the designer making do with a stand, the Indian designer Ekta Singh, who had also shown at Dubai Fashion Week, presented her collection to the Fashion Expo Arabia crowd, with a loosely interpreted peacock theme playing out in vibrant colours and rich embroidery. It was, though, a Grecian-style white dress with a heavily embroidered black-and-white bodice panel that really stood out, confirming monochrome as one of the trends of the season, both internationally and regionally.

The Italian brand Costa e Costura took the pared-back palette even further, with a pure white collection that featured neat shapes pulled up by raw-edged ruffles, giant bows and stiff ruching. Fabrics were humble cottons and linens, with the occasional leather panel, and the overall effect had that puritan tone that is so important for spring/summer 2010 - a "macro-trend" that the fashion "intelligencce service" WGSN called "Evolve", a sort of organic, eco-aware look inspired by nature.

Possibly the most surprising collection of the event was Hatem Alakeel's Toby show. His regular riffs on the khandoura go from strength to strength, and were this time accompanied by children's versions and, in one case, a pair of gleaming copper-foiled men's shoes by his friend Christian Louboutin. But his womenswear that really startled. After a lacklustre first womenswear collection last season, Alakeel seems to have suddenly found his calling and sent a series of retro, simple and highly sophisticated dresses down the catwalk, in delicate shades of apricot, pistachio, rose and white.

His application of the principles of khandoura tailoring to women's dresses, together with an appreciation for feminine strength and confidence and a liking for the asymmetrical, may not be to the traditionally more elaborate taste of the Middle East, but conspired to make this one of the most promising collections by the regional designers represented here. Hassan Sheheryar Yasin also surprised his followers, closing the event with his spring/summer 2010 collection that contains - whisper it - casual daywear. For the man whose mission it has been to combine couture-style construction with traditional Pakistani embroidery and embellishment, the presentation of sweet leather jackets, for both men and women, and sportswear-inspired pieces, is an interesting move. Still, HSY's real glory is in the intricate sequinning, beading and embroidery for which he is so famous, as well as his fine sense of colour and his flattering cuts, and these remain crucial to his aesthetic.

What emerged from this fashionable flurry of events, then, was a sense that while there is no lack of appetite or market for the clothing trade to work in the UAE, there has to be some serious coordination. The words "fashion council" were being bandied about, and the organisers of Fashion Expo Arabia claim to have approached both Dubai Fashion Week and Who's Next & Premiere Classe before the events took place, in an attempt to create some kind of working relationship, apparently to no avail.

Last week's clash was to no one's benefit and it is to be hoped that some kind of cooperation can be achieved befor next season's shows. If these organisations work together, the UAE may yet become the centre for Middle Eastern fashion. However, there is some way to go, as those involved would acknowledge.

COMPANY PROFILE
Name: Akeed

Based: Muscat

Launch year: 2018

Number of employees: 40

Sector: Online food delivery

Funding: Raised $3.2m since inception 

BMW M5 specs

Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor

Power: 727hp

Torque: 1,000Nm

Transmission: 8-speed auto

Fuel consumption: 10.6L/100km

On sale: Now

Price: From Dh650,000

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

Libya's Gold

UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves. 

The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.

Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.

A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.

Another way to earn air miles

In addition to the Emirates and Etihad programmes, there is the Air Miles Middle East card, which offers members the ability to choose any airline, has no black-out dates and no restrictions on seat availability. Air Miles is linked up to HSBC credit cards and can also be earned through retail partners such as Spinneys, Sharaf DG and The Toy Store.

An Emirates Dubai-London round-trip ticket costs 180,000 miles on the Air Miles website. But customers earn these ‘miles’ at a much faster rate than airline miles. Adidas offers two air miles per Dh1 spent. Air Miles has partnerships with websites as well, so booking.com and agoda.com offer three miles per Dh1 spent.

“If you use your HSBC credit card when shopping at our partners, you are able to earn Air Miles twice which will mean you can get that flight reward faster and for less spend,” says Paul Lacey, the managing director for Europe, Middle East and India for Aimia, which owns and operates Air Miles Middle East.

The biog

Year of birth: 1988

Place of birth: Baghdad

Education: PhD student and co-researcher at Greifswald University, Germany

Hobbies: Ping Pong, swimming, reading

 

 

'Saand Ki Aankh'

Produced by: Reliance Entertainment with Chalk and Cheese Films
Director: Tushar Hiranandani
Cast: Taapsee Pannu, Bhumi Pednekar, Prakash Jha, Vineet Singh
Rating: 3.5/5 stars

Jawan
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EAtlee%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Shah%20Rukh%20Khan%2C%20Nayanthara%2C%20Vijay%20Sethupathi%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E4%2F5%3C%2Fp%3E%0A

Astroworld
Travis Scott
Grand Hustle/Epic/Cactus Jack

match info

Southampton 0

Arsenal 2 (Nketiah 20', Willock 87')

Red card: Jack Stephens (Southampton)

Man of the match: Rob Holding (Arsenal)

World Cup final

Who: France v Croatia
When: Sunday, July 15, 7pm (UAE)
TV: Game will be shown live on BeIN Sports for viewers in the Mena region

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.”

Third Test

Day 3, stumps

India 443-7 (d) & 54-5 (27 ov)
Australia 151

India lead by 346 runs with 5 wickets remaining

Netherlands v UAE, Twenty20 International series

Saturday, August 3 - First T20i, Amstelveen
Monday, August 5 – Second T20i, Amstelveen​​​​​​​
Tuesday, August 6 – Third T20i, Voorburg​​​​​​​
Thursday, August 8 – Fourth T20i, Vooryburg

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Coal Black Mornings

Brett Anderson

Little Brown Book Group 

The biog

Simon Nadim has completed 7,000 dives. 

The hardest dive in the UAE is the German U-boat 110m down off the Fujairah coast. 

As a child, he loved the documentaries of Jacques Cousteau

He also led a team that discovered the long-lost portion of the Ines oil tanker. 

If you are interested in diving, he runs the XR Hub Dive Centre in Fujairah

 

Visit Abu Dhabi culinary team's top Emirati restaurants in Abu Dhabi

Yadoo’s House Restaurant & Cafe

For the karak and Yoodo's house platter with includes eggs, balaleet, khamir and chebab bread.

Golden Dallah

For the cappuccino, luqaimat and aseeda.

Al Mrzab Restaurant

For the shrimp murabian and Kuwaiti options including Kuwaiti machboos with kebab and spicy sauce.

Al Derwaza

For the fish hubul, regag bread, biryani and special seafood soup. 

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