Miss Bahrain Manar Nadeem Deyani received loud cheers during the swimsuit round of the Miss Universe 2021 pageant, when she walked out on stage in a fully-covered flowing activewear outfit on Friday. The televised preliminary competition also featured all 80 contestants in their national dresses as well as evening gowns.
The global beauty pageant, which is being held in Eilat, Israel this year, crowned India's Harnaaz Sandhu its 70th winner on Sunday.
Scroll through the gallery above for more pictures from the preliminary competition at the Miss Universe 2021 contest.
"Today I walked not just alone but with the millions of women who believe that in this generation the only standard of beauty should be the light that is sparkling from within. Anyone can shine as long they have the heart to serve with purity, compassion and kindness," Deyani said in a message to The National right after the event.
The aspiring fashion designer and Dubai resident also showcased a pearl-inspired gown in the national costume round – an ode to her country's pearl-diving heritage – and a pastel-coloured evening gown by Pakistani-Canadian designer Safia Zulfiqar.
"It was an honour for me to design for Miss Universe Bahrain because besides her beauty, she reflects so much humility and power of love," Zufiqar, who lives in Dubai, told The National. "And being from this region, I truly believe that a respectful appearance is sufficient to draw all to the beauty of the soul. To me, Jess is truly a winner in breaking stereotypes of beauty and has paved the way for all future contestants of diversity."
Deyani, who is known as Jess to her friends, made history in November when she was named the first-ever beauty queen from Bahrain at the Miss Universe contest.
"I may be the shortest candidate in the history of Miss Universe, but I stand tall representing a country of love, peace and kindness – your first ever Miss Universe Bahrain," the 155-centimetre tall Deyani posted on Instagram, announcing her participation on November 29.
The Miss Universe pageant has been held despite Israeli authorities putting a ban on the entry for foreigners in an effort to stave off the Omicron coronavirus variant. Participants were granted waivers and undergo PCR testing every 48 hours, the country's tourism minister said.
"This is an event that will be broadcast in 174 countries, a very important event, an event that Eilat, too, is very much in need of," Minister Yoel Razvozov said last month. "We will know how to manage this event. So, by using the waivers committee, we will have events like this, to which the country already committed itself and cannot cancel."
– This article was first published on December 11, 2021
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Dark Souls: Remastered
Developer: From Software (remaster by QLOC)
Publisher: Namco Bandai
Price: Dh199
Anghami
Started: December 2011
Co-founders: Elie Habib, Eddy Maroun
Based: Beirut and Dubai
Sector: Entertainment
Size: 85 employees
Stage: Series C
Investors: MEVP, du, Mobily, MBC, Samena Capital
Company%20profile
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Yahya Al Ghassani's bio
Date of birth: April 18, 1998
Playing position: Winger
Clubs: 2015-2017 – Al Ahli Dubai; March-June 2018 – Paris FC; August – Al Wahda
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U19 WORLD CUP, WEST INDIES
UAE group fixtures (all in St Kitts)
Saturday 15 January: v Canada
Thursday 20 January: v England
Saturday 22 January: v Bangladesh
UAE squad
Alishan Sharafu (captain), Shival Bawa, Jash Giyanani, Sailles Jaishankar, Nilansh Keswani, Aayan Khan, Punya Mehra, Ali Naseer, Ronak Panoly, Dhruv Parashar, Vinayak Raghavan, Soorya Sathish, Aryansh Sharma, Adithya Shetty, Kai Smith
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The Buckingham Murders
Starring: Kareena Kapoor Khan, Ash Tandon, Prabhleen Sandhu
Director: Hansal Mehta
Rating: 4 / 5
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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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