I attended two very different fashion parties last week, both thrown by the British Fashion Council in London.
Coming a few days after its New York rival, the Council of Fashion Designers of America (CFDA), had staged a ritzy award ceremony, it was interesting to compare notes on who wore what.
Fashion: The National dresses
Last Updated: 22 June, 2011 UAE
Catwalks, seasons, features, news and all things fashion
Fashion
Although the CFDA event had managed to rustle up a blue-wigged Lady Gaga along with a bevy of red carpet regulars - all predictably flashing a lot of flesh - anyone trying to de-code what was currently fashionable Stateside would have come away very confused.
Besides Kirsten Dunst rocking a tux trousersuit and Chloé Sevigny wearing Dolce & Gabbana white lace, the overall dress code - dominated for some odd reason by scarlet - looked more like a Pussycat Dolls convention than a celebration of current trends.
It hardly mirrored Angelina Jolie's latest Louis Vuitton "Core Values" campaign image which absolutely sums up where Planet Fashion is right now. This depicts the American mother of six, barefoot in silk khaki combats - the sort we know cost more than $2,000 (Dh7,346) - wearing dewy make-up and a deconstructed hairdo, posing with her monogrammed Alto carryall bag, which would cost several times the annual national wage in Cambodia, the site of the shoot, as it happens.
This "just thrown together" understated glamour is, of course, anything but. Dress down luxe is most difficult to achieve when you are going to a truly special party and even harder to pull off if you are over 30. There is something about eveningwear in particular that makes trendy girls such as Ashley and Mary Kate Olsen, or Liv Tyler, suddenly come over all middle-aged and dull.
Even celebrity stylists fail to get their heads around the notion of dressed-down dress-up, as worn by contemporary icons such as Sofia Coppola, who never appears to be trying too hard.
However it didn't phase London's fashion crowd, who demonstrated that when it comes to cool partywear, they have the edge on their American cousins.
And they can't blame the soaring New York heat. The first of the BFC events was an open-air party, staged in the muggy grounds of Somerset House on a humid June evening, to announce who had won backing for the next round of ready-to-wear shows at London Fashion Week.
This will be of enormous importance because the season designers will be showing is spring/summer 2012, a time when London will be hosting the Olympics.
Here, I spotted veteran fashion designers, college lecturers, stylists and fashion PR supremos, mixing seasonal must-haves (Jil Sander brights, Prada and Peter Pilotto prints, Isabel Marant tropical skinny jeans, Jessy J strong make-up, Erdem lace) with something understated (trouser suits, messy tied-back hairdos) and exceptionally elegant (spindle kitten heels, espadrilles).
Forty-something Sarah Mower, a style journalist and the BFC's ambassador for British emerging talent, introduced the line-up of Britain's "Team Fashion" (the milliner Nasir Mazhar and the designers Craig Lawrence and J W Anderson got the loudest cheer) and exemplified what should be worn on such occasions: wide leg trousers teamed with a cream longline jacket punched up by an acid lime Christopher Kane lace top.
The Italian Vogue editor in chief Franca Sozzani, looked equally contemporary in a phosphorescent blue neat A-line skirt suit, her tiny feet clad in pointy kitten heels.
Top Man's dashing white-haired group design director Gordon Richardson, showed what a groovy elder fashion statesman should look like, his boyish checked western-style shirt worn under an impeccably tailored summer blazer and drainpipes. In other words: cool.
A few nights later was the BFC's celebration of The Daily Telegraph's legendary fashion editrix, Hilary Alexander's career in fashion; a far grander affair and yet groovily chilled in terms of dress up. (I noted just one person, Giles Deacon, wore jeans).
The fashion set - Christopher Bailey, Roland Mouret, Vivienne Westwood, Sarah Burton, Matthew Williamson, Katie Grand, Stephen Jones - turned out in force to the newly renovated St Pancras Renaissance Hotel wearing familiarly on-trend gear blended in with their own "signature" detail.
With Katie Grand it's her 1970s platforms and red lipstick. Vivienne Westwood has her orange hair. Alexander wore an ethnic skirt bought on a fashion assignment to India, which fitted in perfectly with the eclectic dress code.
What about me? Two words. Dolce & Gabbana. (Or is that three?). Angelina Jolie might be able to get away with wearing combats, but alas, when it comes to fashion parties, I need a bit of designer leopard print to make me stand out and yet, weirdly, blend in.
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Some of Darwish's last words
"They see their tomorrows slipping out of their reach. And though it seems to them that everything outside this reality is heaven, yet they do not want to go to that heaven. They stay, because they are afflicted with hope." - Mahmoud Darwish, to attendees of the Palestine Festival of Literature, 2008
His life in brief: Born in a village near Galilee, he lived in exile for most of his life and started writing poetry after high school. He was arrested several times by Israel for what were deemed to be inciteful poems. Most of his work focused on the love and yearning for his homeland, and he was regarded the Palestinian poet of resistance. Over the course of his life, he published more than 30 poetry collections and books of prose, with his work translated into more than 20 languages. Many of his poems were set to music by Arab composers, most significantly Marcel Khalife. Darwish died on August 9, 2008 after undergoing heart surgery in the United States. He was later buried in Ramallah where a shrine was erected in his honour.
Company: Instabug
Founded: 2013
Based: Egypt, Cairo
Sector: IT
Employees: 100
Stage: Series A
Investors: Flat6Labs, Accel, Y Combinator and angel investors
Indoor cricket World Cup:
Insportz, Dubai, September 16-23
UAE fixtures:
Men
Saturday, September 16 – 1.45pm, v New Zealand
Sunday, September 17 – 10.30am, v Australia; 3.45pm, v South Africa
Monday, September 18 – 2pm, v England; 7.15pm, v India
Tuesday, September 19 – 12.15pm, v Singapore; 5.30pm, v Sri Lanka
Thursday, September 21 – 2pm v Malaysia
Friday, September 22 – 3.30pm, semi-final
Saturday, September 23 – 3pm, grand final
Women
Saturday, September 16 – 5.15pm, v Australia
Sunday, September 17 – 2pm, v South Africa; 7.15pm, v New Zealand
Monday, September 18 – 5.30pm, v England
Tuesday, September 19 – 10.30am, v New Zealand; 3.45pm, v South Africa
Thursday, September 21 – 12.15pm, v Australia
Friday, September 22 – 1.30pm, semi-final
Saturday, September 23 – 1pm, grand final
Roll of honour 2019-2020
Dubai Rugby Sevens
Winners: Dubai Hurricanes
Runners up: Bahrain
West Asia Premiership
Winners: Bahrain
Runners up: UAE Premiership
UAE Premiership
Winners: Dubai Exiles
Runners up: Dubai Hurricanes
UAE Division One
Winners: Abu Dhabi Saracens
Runners up: Dubai Hurricanes II
UAE Division Two
Winners: Barrelhouse
Runners up: RAK Rugby
Need to know
Unlike other mobile wallets and payment apps, a unique feature of eWallet is that there is no need to have a bank account, credit or debit card to do digital payments.
Customers only need a valid Emirates ID and a working UAE mobile number to register for eWallet account.
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.”
THE BIO
Favourite holiday destination: Whenever I have any free time I always go back to see my family in Caltra, Galway, it’s the only place I can properly relax.
Favourite film: The Way, starring Martin Sheen. It’s about the Camino de Santiago walk from France to Spain.
Personal motto: If something’s meant for you it won’t pass you by.
Last-16 Europa League fixtures
Wednesday (Kick-offs UAE)
FC Copenhagen (0) v Istanbul Basaksehir (1) 8.55pm
Shakhtar Donetsk (2) v Wolfsburg (1) 8.55pm
Inter Milan v Getafe (one leg only) 11pm
Manchester United (5) v LASK (0) 11pm
Thursday
Bayer Leverkusen (3) v Rangers (1) 8.55pm
Sevilla v Roma (one leg only) 8.55pm
FC Basel (3) v Eintracht Frankfurt (0) 11pm
Wolves (1) Olympiakos (1) 11pm
OPENING FIXTURES
Saturday September 12
Crystal Palace v Southampton
Fulham v Arsenal
Liverpool v Leeds United
Tottenham v Everton
West Brom v Leicester
West Ham v Newcastle
Monday September 14
Brighton v Chelsea
Sheffield United v Wolves
To be rescheduled
Burnley v Manchester United
Manchester City v Aston Villa
The Word for Woman is Wilderness
Abi Andrews, Serpent’s Tail
SERIE A FIXTURES
Saturday Spezia v Lazio (6pm), Juventus v Torino (9pm), Inter Milan v Bologna (7.45pm)
Sunday Verona v Cagliari (3.30pm), Parma v Benevento, AS Roma v Sassuolo, Udinese v Atalanta (all 6pm), Crotone v Napoli (9pm), Sampdoria v AC Milan (11.45pm)
Monday Fiorentina v Genoa (11.45pm)
RESULTS
2pm: Handicap (PA) Dh40,000 (Dirt) 1,200m
Winner: Najem Al Rwasi, Fabrice Veron (jockey), Ahmed Al Shemaili (trainer)
2.30pm: Handicap (PA) Dh40,000 (D) 2,000m
Winner: Fandim, Fernando Jara, Majed Al Jahouri
3pm: Maiden (PA) Dh40,000 (D) 1,700m
Winner: Harbh, Pat Cosgrave, Ahmed Al Mehairbi
3.30pm: Maiden (PA) Dh40,000 (D) 1,700m
Winner: Wakeel W’Rsan, Richard Mullen, Jaci Wickham
4pm: Crown Prince of Sharjah Cup Prestige (PA) Dh200,000 (D) 1,200m
Winner: Jawaal, Fernando Jara, Majed Al Jahouri
4.30pm: Sheikh Ahmed bin Rashid Al Maktoum Cup (TB) Dh200,000 (D) 2,000m
Winner: Tailor’s Row, Royston Ffrench, Salem bin Ghadayer
Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
Temple numbers
Expected completion: 2022
Height: 24 meters
Ground floor banquet hall: 370 square metres to accommodate about 750 people
Ground floor multipurpose hall: 92 square metres for up to 200 people
First floor main Prayer Hall: 465 square metres to hold 1,500 people at a time
First floor terrace areas: 2,30 square metres
Temple will be spread over 6,900 square metres
Structure includes two basements, ground and first floor
About Karol Nawrocki
• Supports military aid for Ukraine, unlike other eurosceptic leaders, but he will oppose its membership in western alliances.
• A nationalist, his campaign slogan was Poland First. "Let's help others, but let's take care of our own citizens first," he said on social media in April.
• Cultivates tough-guy image, posting videos of himself at shooting ranges and in boxing rings.
• Met Donald Trump at the White House and received his backing.
UAE currency: the story behind the money in your pockets
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
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