• Timothee Chalamet wears metallic red Haider Ackermann for the 'Bones and All' premiere at the Venice International Film Festival on September 2. Getty
    Timothee Chalamet wears metallic red Haider Ackermann for the 'Bones and All' premiere at the Venice International Film Festival on September 2. Getty
  • Meghan, Duchess of Sussex, pairs a red blouse and trousers by Another Tomorrow to attend the One Young World Summit 2022 with Prince Harry in Manchester, England on September 5. Getty
    Meghan, Duchess of Sussex, pairs a red blouse and trousers by Another Tomorrow to attend the One Young World Summit 2022 with Prince Harry in Manchester, England on September 5. Getty
  • Tessa Thompson dons a striking couture hooded Elie Saab gown for the 'Bardo' premiere at the Venice International Film Festival on September 1. AP Photo
    Tessa Thompson dons a striking couture hooded Elie Saab gown for the 'Bardo' premiere at the Venice International Film Festival on September 1. AP Photo
  • Sigourney Weaver in a red Valentino jumpsuit for the 'Master Gardner' premiere at the Venice International Film Festival on September 3. EPA
    Sigourney Weaver in a red Valentino jumpsuit for the 'Master Gardner' premiere at the Venice International Film Festival on September 3. EPA
  • Sigourney Weaver is dressed in a Valentino suit with a cream blouse for a 'Master Gardner' photo call on September 3. Getty
    Sigourney Weaver is dressed in a Valentino suit with a cream blouse for a 'Master Gardner' photo call on September 3. Getty
  • Simone Ashley wears a red Armani Prive column dress for the 'Bones and All' red carpet. Getty
    Simone Ashley wears a red Armani Prive column dress for the 'Bones and All' red carpet. Getty
  • Rocio Munoz Morales in red caped Alberta Ferretti for the 'Bones and All' premiere on September 2. Getty
    Rocio Munoz Morales in red caped Alberta Ferretti for the 'Bones and All' premiere on September 2. Getty
  • Rosabell Laurenti Sellers dons a ruby suit for 'The Whale' premiere in Venice on September 4. Getty
    Rosabell Laurenti Sellers dons a ruby suit for 'The Whale' premiere in Venice on September 4. Getty

Seeing red: Timothee Chalamet and Meghan, Duchess of Sussex, match in ruby looks


Farah Andrews
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It seems that Timothee Chalamet's statement metallic red Haider Ackermann jumpsuit was no flash in the sartorial pan.

The actor walked the Bones and All red carpet at the Venice International Film Festival in the eye-catching ensemble, which has split fashion critics. Many are applauding the look, dubbing it one of his best, while others have said he is trying too hard. Everyone, however, is applauding the fashion risk the actor took by wearing the custom outfit in the look-at-me red hue.

Tessa Thompson makes a red hot fashion statement on the 'Bardo' red carpet in Venice. Getty Images
Tessa Thompson makes a red hot fashion statement on the 'Bardo' red carpet in Venice. Getty Images

Red is very much the colour of Venice this year. Tessa Thompson ensured all eyes were on her when she wore a couture hooded Elie Saab gown, accessorised with red pumps, tights, a slick of ruby lipstick and a Brandon Blackwood box bag, for the Bardo premiere.

Also walking the Bones and All red carpet was Bridgerton star Simone Ashley, who wore an Armani Prive column dress for the occasion, and Rocio Munoz Morales in caped Alberta Ferretti. Rosabell Laurenti Sellers donned a red satin suit for The Whale premiere, and Sigourney Weaver wore not one, but two, red Valentino looks to promote Master Gardener. The actress paired a sharp red suit with a cream blouse for the photo call, followed by a red jumpsuit with a gold chain detail for the evening's premiere.

Meghan, Duchess of Sussex, in head-to-toe red, down to her crimson suede pumps. Getty Images
Meghan, Duchess of Sussex, in head-to-toe red, down to her crimson suede pumps. Getty Images

Crimson designs aren't the only ones making waves at the Italian film festival. Potentially inspired by Chalamet's look, Meghan, Duchess of Sussex wore a colour-blocked red look to speak at the One Young World event in Manchester, England on Monday.

For the appearance, which marked her first UK speech since she and her husband Prince Harry stepped back from their roles as senior royals in 2020, she chose a striking red look by Another Tomorrow. The duchess's scarf-collared blouse was tucked into a pair of tailored trousers, accessorised with hot red suede Aquazzura heels.

Venice Film Festival fashion: best looks from the 'Don't Worry Darling' premiere — in pictures

  • The 'Don't Worry Darling' cast, from left: Nick Kroll, Florence Pugh, Chris Pine, director Olivia Wilde, Sydney Chandler, Harry Styles and Gemma Chan, at the premiere during the Venice Film Festival on September 5. AP Photo
    The 'Don't Worry Darling' cast, from left: Nick Kroll, Florence Pugh, Chris Pine, director Olivia Wilde, Sydney Chandler, Harry Styles and Gemma Chan, at the premiere during the Venice Film Festival on September 5. AP Photo
  • Florence Pugh wears a sheer black and silver Valentino design. EPA
    Florence Pugh wears a sheer black and silver Valentino design. EPA
  • Olivia Wilde wears a canary yellow Gucci gown. EPA
    Olivia Wilde wears a canary yellow Gucci gown. EPA
  • Harry Styles wears a blue Gucci suit, over a shirt with an oversized collar. Getty Images
    Harry Styles wears a blue Gucci suit, over a shirt with an oversized collar. Getty Images
  • Gemma Chan wears silver Louis Vuitton. AP Photo
    Gemma Chan wears silver Louis Vuitton. AP Photo
  • 'Don't Worry Darling' stars Sydney Chandler, Gemma Chan and Florence Pugh. AP Photo
    'Don't Worry Darling' stars Sydney Chandler, Gemma Chan and Florence Pugh. AP Photo
  • Chris Pine enjoying the moment by taking a photo of Florence Pugh on the red carpet. AP Photo
    Chris Pine enjoying the moment by taking a photo of Florence Pugh on the red carpet. AP Photo
  • Chris Pine wears a brown Ralph Lauren suit jacket over chino trousers. EPA
    Chris Pine wears a brown Ralph Lauren suit jacket over chino trousers. EPA
  • Tessa Thompson wears a green metallic dress by Marc Jacobs. EPA
    Tessa Thompson wears a green metallic dress by Marc Jacobs. EPA
  • Marisa Tomei wears a monochrome colour block dress and embellished heals. AFP
    Marisa Tomei wears a monochrome colour block dress and embellished heals. AFP
  • Jon Kortajarena wears a slick suit with an open satin shirt. Getty Images
    Jon Kortajarena wears a slick suit with an open satin shirt. Getty Images
  • Lily Kwong wears a purple strapless gown. Getty Images
    Lily Kwong wears a purple strapless gown. Getty Images
  • Model Sofia Resing wears a white suit with an embellished lapel. Getty Images
    Model Sofia Resing wears a white suit with an embellished lapel. Getty Images
  • Pelayo Diaz wears a black floral suit. Getty Images
    Pelayo Diaz wears a black floral suit. Getty Images
  • Patricia Contreras wears a nude tulle dress by Christophe Guillarme. Getty Images
    Patricia Contreras wears a nude tulle dress by Christophe Guillarme. Getty Images
  • Giulia Salemi wears an embellished dress by Georges Hobeika. Getty Images
    Giulia Salemi wears an embellished dress by Georges Hobeika. Getty Images
  • Model Faretta wears a black polka-dot dress by Armani. Getty Images
    Model Faretta wears a black polka-dot dress by Armani. Getty Images
Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

Zidane's managerial achievements

La Liga: 2016/17
Spanish Super Cup: 2017
Uefa Champions League: 2015/16, 2016/17, 2017/18
Uefa Super Cup: 2016, 2017
Fifa Club World Cup: 2016, 2017

Most sought after workplace benefits in the UAE
  • Flexible work arrangements
  • Pension support
  • Mental well-being assistance
  • Insurance coverage for optical, dental, alternative medicine, cancer screening
  • Financial well-being incentives 
What's in the deal?

Agreement aims to boost trade by £25.5bn a year in the long run, compared with a total of £42.6bn in 2024

India will slash levies on medical devices, machinery, cosmetics, soft drinks and lamb.

India will also cut automotive tariffs to 10% under a quota from over 100% currently.

Indian employees in the UK will receive three years exemption from social security payments

India expects 99% of exports to benefit from zero duty, raising opportunities for textiles, marine products, footwear and jewellery

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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Updated: September 06, 2022, 1:13 PM