Looks from Emanuel Ungaro’s ready-to-wear spring/summer 2012.
Looks from Emanuel Ungaro’s ready-to-wear spring/summer 2012.
Looks from Emanuel Ungaro’s ready-to-wear spring/summer 2012.
Looks from Emanuel Ungaro’s ready-to-wear spring/summer 2012.

Designer details and fresh starts in Paris


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Models stomping and staggering their way up and down miles of catwalk offer a fascinating spectacle, but runway shows are not the only event at Paris Fashion Week. While some collections benefit from the pace and glamour of a traditional fashion show, others work better in an intimate environment, where close inspection reveals extra dimensions to the clothes. The Dior re-see, for example, brought to light an exquisite black-and-white herringbone apparently woven with stiff, springy straw fibres. On the catwalk it looked like a simple zigzag print, but at this level of fashion, detail is everything.

The Paris stalwart Paule Ka presented his collections on models in his rue St Honoré store. With the shop all dressed up with colonial wicker chairs, palm fronds and lobsters on the floor, the tropical mood extended to painted wicker clutches and an interesting take on the Hawaiian lei, with necklaces and headpieces made from strips of coloured leather and ribbon threaded on to cord in a sort of abstract floral form. The clothes were crisply carefree, from cotton shirt-and-trouser combos to loose dresses that stood out from the body as A-line drop-waisted silhouettes, with heavy frills and gathers at the bottom. The summery palette of pastel yellow, black-and-white, orange and green was also used in sweet knit and tweed jackets and tops, but the shoes were as urban as could be, in patent black or gold, with straps rising up the legs, dagger-like heels and big platforms.

Just down the road in Place Vendôme, the venerable Russian jeweller Fabergé, recently relaunched with the aim of restoring the brand's name to exclusivity after years of over-licensing, has been hosting a pop-up shop, a tiny jewellery box of a boutique, complete with red carpet, velvet rope and large bouncer. It's rather unsurprising, given that many of the pieces in there were one-offs that had taken up to a year to complete. Fabergé eggs, which were historically given as gifts from the tsar to his empress, ranged from tiny enamel pendant versions to a 60-carat monster made entirely of rectangular diamonds set in titanium, and the jewellery was just as impressive, all made in specialist ateliers around Europe.

Also in the Place Vendôme, the Ritz was host to Gina shoes, purveyor of blingy heels to the world's most glamorous socialites, and a Middle East favourite. There was lots of Swarovski crystal of course, but among the other looks were some bright two-colour patent shoes (white with neon heels, for example), flip-flops embellished with softly glowing moonstone-like gems on pale metallic leather, a reprise of their polka-dot favourites and some fantastic peep-toe bootees in star-printed canvas. Most notable was a return to wearable heights (relatively speaking, anyway), with some kitten heels, flats and classically elegant stilettoes - though there were still plenty of platforms for the look's diehard fans.

The catwalks saw two new faces (it's the theme of the week) taking their first bows on Monday. Emanuel Ungaro, a brand that is still trying to live down its Lindsay Lohan experiment of a few seasons ago, has been struggling to find its groove since Ungaro's retirement in 2005. Only last year Giles Deacon took over from Estrella Archs as creative director, an arrangement that has since come to an end, and this season it was down to the studio head Jeanne Labib to try to encapsulate the Ungaro look. It's a difficult task: the label's trademark bright colours and prints can easily tip over into tacky (as Lohan discovered), but this was a nice balance between that high-octane glamour and the prevailing minimalist mood. The palette was kept to simple blues and reds, sometimes splashed together in patterns, sometimes blocked, with white and flesh tones as a base. For evening, gold paillettes added the Ungaro glitz.

Labib's background is at Giambattista Valli, who also showed today, sticking with his favourite early-1960s inspiration and a pared-back palette that, like so many collections this season, used heavy texturing and clean, distinctive silhouettes to make its point. When pattern did come in, it was as stylised floral prints or delicate brocades that were panelled across coats and shifts with a luxe-traveller's eye: the silver and gold of sari-style edging, for example, used in a modern, blocked way at the bottom of a tunic.

Chloé debuted the first collection of Clare Waight Keller, the former Pringle creative director who has taken over from Hannah McGibbon. The mood was altogether lighter, with sharp pleating, fluid silks, easy shapes, airy colours and floral embroideries returning the brand to its feminine roots - and not a hint of reptile-skin print or 1970s kitsch. This season is, it seems, all about the fresh start.

UAE currency: the story behind the money in your pockets
Series info

Test series schedule 1st Test, Abu Dhabi: Sri Lanka won by 21 runs; 2nd Test, Dubai: Play starts at 2pm, Friday-Tuesday

ODI series schedule 1st ODI, Dubai: October 13; 2nd ODI, Abu Dhabi: October 16; 3rd ODI, Abu Dhabi: October 18; 4th ODI, Sharjah: October 20; 5th ODI, Sharjah: October 23

T20 series schedule 1st T20, Abu Dhabi: October 26; 2nd T20, Abu Dhabi: October 27; 3rd T20, Lahore: October 29

Tickets Available at www.q-tickets.com

Stat Fourteen Fourteen of the past 15 Test matches in the UAE have been decided on the final day. Both of the previous two Tests at Dubai International Stadium have been settled in the last session. Pakistan won with less than an hour to go against West Indies last year. Against England in 2015, there were just three balls left.

Key battle - Azhar Ali v Rangana Herath Herath may not quite be as flash as Muttiah Muralitharan, his former spin-twin who ended his career by taking his 800th wicket with his final delivery in Tests. He still has a decent sense of an ending, though. He won the Abu Dhabi match for his side with 11 wickets, the last of which was his 400th in Tests. It was not the first time he has owned Pakistan, either. A quarter of all his Test victims have been Pakistani. If Pakistan are going to avoid a first ever series defeat in the UAE, Azhar, their senior batsman, needs to stand up and show the way to blunt Herath.

England's Ashes squad

Joe Root (captain), Moeen Ali, Jimmy Anderson, Jofra Archer, Jonny Bairstow, Stuart Broad, Rory Burns, Jos Buttler, Sam Curran, Joe Denly, Jason Roy, Ben Stokes, Olly Stone, Chris Woakes. 

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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

Dark Souls: Remastered
Developer: From Software (remaster by QLOC)
Publisher: Namco Bandai
Price: Dh199

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
Where to buy

Limited-edition art prints of The Sofa Series: Sultani can be acquired from Reem El Mutwalli at www.reemelmutwalli.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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Bugatti Chiron Super Sport - the specs:

Engine: 8.0-litre quad-turbo W16 

Transmission: 7-speed DSG auto 

Power: 1,600hp

Torque: 1,600Nm

0-100kph in 2.4seconds

0-200kph in 5.8 seconds

0-300kph in 12.1 seconds

Top speed: 440kph

Price: Dh13,200,000

Bugatti Chiron Pur Sport - the specs:

Engine: 8.0-litre quad-turbo W16 

Transmission: 7-speed DSG auto 

Power: 1,500hp

Torque: 1,600Nm

0-100kph in 2.3 seconds

0-200kph in 5.5 seconds

0-300kph in 11.8 seconds

Top speed: 350kph

Price: Dh13,600,000

Elvis
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Email sent to Uber team from chief executive Dara Khosrowshahi

From: Dara

To: Team@

Date: March 25, 2019 at 11:45pm PT

Subj: Accelerating in the Middle East

Five years ago, Uber launched in the Middle East. It was the start of an incredible journey, with millions of riders and drivers finding new ways to move and work in a dynamic region that’s become so important to Uber. Now Pakistan is one of our fastest-growing markets in the world, women are driving with Uber across Saudi Arabia, and we chose Cairo to launch our first Uber Bus product late last year.

Today we are taking the next step in this journey—well, it’s more like a leap, and a big one: in a few minutes, we’ll announce that we’ve agreed to acquire Careem. Importantly, we intend to operate Careem independently, under the leadership of co-founder and current CEO Mudassir Sheikha. I’ve gotten to know both co-founders, Mudassir and Magnus Olsson, and what they have built is truly extraordinary. They are first-class entrepreneurs who share our platform vision and, like us, have launched a wide range of products—from digital payments to food delivery—to serve consumers.

I expect many of you will ask how we arrived at this structure, meaning allowing Careem to maintain an independent brand and operate separately. After careful consideration, we decided that this framework has the advantage of letting us build new products and try new ideas across not one, but two, strong brands, with strong operators within each. Over time, by integrating parts of our networks, we can operate more efficiently, achieve even lower wait times, expand new products like high-capacity vehicles and payments, and quicken the already remarkable pace of innovation in the region.

This acquisition is subject to regulatory approval in various countries, which we don’t expect before Q1 2020. Until then, nothing changes. And since both companies will continue to largely operate separately after the acquisition, very little will change in either teams’ day-to-day operations post-close. Today’s news is a testament to the incredible business our team has worked so hard to build.

It’s a great day for the Middle East, for the region’s thriving tech sector, for Careem, and for Uber.

Uber on,

Dara