Who is Yasmina Zaytoun, the journalism student crowned Miss Lebanon 2022?

Yasmina Zaytoun was crowned Miss Lebanon 2022 in a glittering ceremony in Beirut on Sunday. The pageant was the first to take place since 2018.

"I did it," Zaytoun, 20, wrote on Instagram, celebrating being declared the winner. She will now compete in both the Miss World 2022 and Miss Universe 2022 pageants, which will take place later this year.

Zaytoun, who is from Kfarchouba, a village in southern Lebanon, is a journalism student, studying at Notre Dame University — Louaize. She is currently in the third year of her course.

As well as doing some modelling, she hosts the With Yasmina Show on Instagram, which she describes as an educational show and on which she interviews notable Lebanese media and sport personalities. Guests have included TV presenter Lana Daoud, politician Paula Yacoubian, and actress and influencer Enjy Kiwan, to name a few. She's also recently created a series on happiness.

"This is the best thing that happened in my life ... my dream has finally come true," Zaytoun said on stage, after being crowned Miss Lebanon. "I dedicate my victory to my parents, for sure."

Zaytoun beat first runner-up, Maya Aboul Hosn; Jacintha Rached, who was named second runner-up; Lara Hraoui who came fourth; and Dalal Hoballah, who took fifth place.

Zaytoun was crowned by Maya Reaidy, who held the Miss Lebanon crown from 2018 to 2021.

For the pageant, her make-up was done by celebrity make-up artist Bassam Fattouh and Wassim Morkos styled her hair.

Fattouh, who has worked with singers Haifa Wehbe and Elissa, shared behind the scenes footage of Zaytoun in the make-up chair before heading to the stage for the final round.

The ceremony was hosted by Lebanese actress and television personality, Aimee Sayah.

Like the beauty queens, Sayah's make-up was done by Fattouh, her hair was styled by Tony El Mendelek and her dress was by Lebanese designer Georges Hobeika.

The judging panel included Michel Fadel, musical composer; Karen Wazen, influencer; Mohamad Yehya from IP Studios; Karolina Bielawska, Miss World 2021; Nayla Tueni, general manager, An-Nahar and Annahar Arabi; Ivan Caracalla, dance theatre director; Hilda Khalife, TV host; and Samaya Chedrawi, Miss Lebanon 1993.

All of the Miss Universe 2022 beauty queens crowned, so far — in pictures

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.”

Fireball

Moscow claimed it hit the largest military fuel storage facility in Ukraine, triggering a huge fireball at the site.

A plume of black smoke rose from a fuel storage facility in the village of Kalynivka outside Kyiv on Friday after Russia said it had destroyed the military site with Kalibr cruise missiles.

"On the evening of March 24, Kalibr high-precision sea-based cruise missiles attacked a fuel base in the village of Kalynivka near Kyiv," the Russian defence ministry said in a statement.

Ukraine confirmed the strike, saying the village some 40 kilometres south-west of Kyiv was targeted.

If you go

The flights
Etihad (etihad.com) flies from Abu Dhabi to Luang Prabang via Bangkok, with a return flight from Chiang Rai via Bangkok for about Dh3,000, including taxes. Emirates and Thai Airways cover the same route, also via Bangkok in both directions, from about Dh2,700.
The cruise
The Gypsy by Mekong Kingdoms has two cruising options: a three-night, four-day trip upstream cruise or a two-night, three-day downstream journey, from US$5,940 (Dh21,814), including meals, selected drinks, excursions and transfers.
The hotels
Accommodation is available in Luang Prabang at the Avani, from $290 (Dh1,065) per night, and at Anantara Golden Triangle Elephant Camp and Resort from $1,080 (Dh3,967) per night, including meals, an activity and transfers.