• Sharp tailoring featured at Dolce & Gabbana's autumn/winter 2023-2024 men's fashion show at Milan Fashion Week. AFP
    Sharp tailoring featured at Dolce & Gabbana's autumn/winter 2023-2024 men's fashion show at Milan Fashion Week. AFP
  • A grey monochrome look at Dolce & Gabbana autumn/winter 2023-2024 men's show. AFP
    A grey monochrome look at Dolce & Gabbana autumn/winter 2023-2024 men's show. AFP
  • Sheer tops at Dolce & Gabbana autumn/winter 2023-2024 men's show. AFP
    Sheer tops at Dolce & Gabbana autumn/winter 2023-2024 men's show. AFP
  • Muscle knitwear showed off physiques at Dolce & Gabbana autumn/winter 2023-2024 men's show. AFP
    Muscle knitwear showed off physiques at Dolce & Gabbana autumn/winter 2023-2024 men's show. AFP
  • Dramatic hourglass-tailored coats and jackets with curved waistlines featured at Dolce & Gabbana. AP
    Dramatic hourglass-tailored coats and jackets with curved waistlines featured at Dolce & Gabbana. AP
  • Emporio Armani's menswear for autumn/winter 2023-2024 showcased vintage aviator-inspired looks. AP
    Emporio Armani's menswear for autumn/winter 2023-2024 showcased vintage aviator-inspired looks. AP
  • Channelling Charles Lindbergh at the Emporio Armani show at Milan Fashion Week. EPA
    Channelling Charles Lindbergh at the Emporio Armani show at Milan Fashion Week. EPA
  • Designer Giorgio Armani brought out his signature velvet jackets in deep hues for his latest Emporio Armani collection. EPA
    Designer Giorgio Armani brought out his signature velvet jackets in deep hues for his latest Emporio Armani collection. EPA
  • Silken shirts with foulards in bright accent hues such as magenta, purple and mauve at Emporio Armani. AP
    Silken shirts with foulards in bright accent hues such as magenta, purple and mauve at Emporio Armani. AP
  • Mirrored aviator glasses and leather utility belts at Emporio Armani. AFP
    Mirrored aviator glasses and leather utility belts at Emporio Armani. AFP
  • Long coats incorporated a wraparound asymmetrical cape for Fendi's autumn/winter 2023-2024 men's collection. AFP
    Long coats incorporated a wraparound asymmetrical cape for Fendi's autumn/winter 2023-2024 men's collection. AFP
  • One-shoulder tops at the Fendi show. Getty Images
    One-shoulder tops at the Fendi show. Getty Images
  • The colour palette at Fendi was mostly low-key tones such as grey. Getty Images
    The colour palette at Fendi was mostly low-key tones such as grey. Getty Images
  • The Fendi collection for next winter flashes skin in ways once reserved for women. Getty Images
    The Fendi collection for next winter flashes skin in ways once reserved for women. Getty Images
  • Tailoring tricks at Fendi rendered a cosy and enveloping effect. AFP
    Tailoring tricks at Fendi rendered a cosy and enveloping effect. AFP
  • K-Way menswear autumn/winter 2023-24 featured short coats with matching boots that layer over slim body suits or quilted short-shorts and tops. AP
    K-Way menswear autumn/winter 2023-24 featured short coats with matching boots that layer over slim body suits or quilted short-shorts and tops. AP
  • K-Way’s trademark packable raincoats were inspired when the brand's founder spied two children wearing red Nylon raincoats in Paris in 1965. AP
    K-Way’s trademark packable raincoats were inspired when the brand's founder spied two children wearing red Nylon raincoats in Paris in 1965. AP
  • The new collection included cropped puffer jackets in tight accordion pleats. AP
    The new collection included cropped puffer jackets in tight accordion pleats. AP
  • The palette is hewn towards K-Way’s traditional orange and blue, with some white and green. AP
    The palette is hewn towards K-Way’s traditional orange and blue, with some white and green. AP
  • The brand’s distinctive zipper acts as a logo, providing accents along with function. AP
    The brand’s distinctive zipper acts as a logo, providing accents along with function. AP

Menswear packs in drama and nostalgia at Milan Fashion Week


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Milan is ready to party, with menswear shows for next spring and winter focused on nighttime tailoring with playful accents. Think sparkles and glitter, fun silhouettes that invite shadow dancing, and peeks at skin with tailoring tricks once reserved for the female wardrobe.

Here are some highlights from this weekend's shows at Milan Fashion Week.

Dolce & Gabbana back to black

A model wears a creation as part of the Dolce & Gabbana menswear autumn/winter 2023-24 collection presented in Milan, Italy on January 14, 2023. AP Photo
A model wears a creation as part of the Dolce & Gabbana menswear autumn/winter 2023-24 collection presented in Milan, Italy on January 14, 2023. AP Photo

If you just looked at colour, it was back to basics at Dolce & Gabbana: the entire collection for next winter was in mostly black monochromes, all the better for nighttime play. Grey and white monochromes played a supporting role.

While light on bling, the looks were anything but basic. Designers Domenico Dolce and Stefano Gabbana created a collection built around tailoring, with the late-night synchronic club beats in mind.

Long overcoats or dramatic capes will get you to the club door. Inside, men’s corsetry, obi belts and cummerbunds cinch the waist, a silhouette that is mimicked in the dramatic hourglass tailoring of coats and jackets with curved waistlines and broad shoulders. A strobe light picks up the sparkles and glitter on garments, and sheer tops and muscle knitwear show off physiques.

Machine Gun Kelly and Italian singer Blanco were among the designer duo's front-row guests.

Fly away with Emporio Armani

Vintage aviator suit-inspired creations at the autumn/winter 2023-2024 collection by Italian designer Giorgio Armani. EPA
Vintage aviator suit-inspired creations at the autumn/winter 2023-2024 collection by Italian designer Giorgio Armani. EPA

Giorgio Armani has been on the global fashion map for more than four decades. His latest collection for Emporio Armani traced a literal map of his adopted Milan, with models walking the perimeter of a circular runway giving a bird's-eye view of a map of the fashion capital’s historic centre.

The collection was inspired by aviation, and there were tailoring traces from the golden era of flight when dandies such as Charles Lindbergh made history with solo crossings of the Atlantic.

A belted grey jumpsuit with a furry collar, aviator’s cap and thick boots set the tone. Once he lands, there are muted plaid suits with trousers cropped just above the boot — the invention of the season. Gear is stowed in satchels and nautical bags.

Cosy knitwear paired with leather trousers and jacket, some with antique finishes, cut an adventurous silhouette. But the real dandy comes out in colourful daywear, including a beautiful wrap coat in elegant camel, velvet jackets in deep hues and silken shirts worn with foulards in bright accent hues such as magenta, purple and mauve.

Leather harnesses and utility belts added an edge. Pouches are belted on top of boots. Mirrored aviator glasses complete the look.

Armani, 88, good-humouredly picked up a pouch that had dropped from a model as he greeted the crowd at the end of the show.

Fendi flashes some skin

Asymmetric lines, low-key tones and graphite beading featured for Fendi men's autumn/winter 2023-2024. AFP
Asymmetric lines, low-key tones and graphite beading featured for Fendi men's autumn/winter 2023-2024. AFP

The Fendi collection for next winter flashes skin in ways once reserved for women.

One shoulder tops — both knit and button down — bare skin to give drama to the looks. Knitwear was super sheer, barely there. A little layering restored some modesty, for the office, but could easily be undone for an evening transition.

Long coats incorporated a wraparound asymmetrical cape, a tailoring trick mimicked in trousers with a wraparound one-sided skirt. The effect was cosy and enveloping, offering a cocoon as we venture back out into the world.

Fendi whimsy was on full display in the knit caps: one shaped like a cartoon-cool wig featuring a perky flip, or another beanie with fringe on the back. Capes and sweeping coats and scarves were likewise finished with fringe. Bombers had an antique, worn feel. The colour palette was mostly low-key tones of grey, oatmeal and burnt umber set off mauve and lavender. Graphite beading caught the light on evening looks.

K-Way celebrates Parisian heritage

A long puffer coat, enveloping the model as a sleeping bag, and in the brand's traditional orange, at K-Way menswear autumn/winter 2023-2024 show. AP Photo
A long puffer coat, enveloping the model as a sleeping bag, and in the brand's traditional orange, at K-Way menswear autumn/winter 2023-2024 show. AP Photo

The Franco-Italian activewear brand K-Way imported a bit of its Parisian birthplace as the backdrop to showcase a new collection as it charts a transition to a lifestyle brand.

K-Way’s trademark packable raincoats were inspired when brand founder Leon-Claude Duhamel spied two children wearing red Nylon raincoats while sitting at the Cafe de la Paix on a rainy day in 1965. To honour that heritage, the Italian owners borrowed original cafe tables and wicker seating from the Parisian landmark. Duhamel himself, now in his eighties, joined the fashion crowd nibbling cream pastries in the recreated cafe.

Sales vice president Lorenzo Boglione, whose family controls the BasicNet parent company, is helping the company navigate the brand’s transition, with plans to produce technical gear for sailing and skiing.

“We really want to remember where we come from and celebrate that moment. We have to remember where we come from to know where to go," Boglione said. “We want to be colourful, we want to be functional, we want to be modern.”

That means not focusing on outwear only. The new collection included cropped puffer jackets in tight accordion pleats, Yeti-style short coats with matching boots that layer over slim body suits or quilted short-shorts and tops. Long puffer coats, which also enveloped as a sleeping bag, were paired with detachable hoods or furry collars. The brand’s distinctive zipper acts as a logo, providing accents along with function. The palette is hewn towards K-Way’s traditional orange and blue, with some white and green.

Dhadak 2

Director: Shazia Iqbal

Starring: Siddhant Chaturvedi, Triptii Dimri 

Rating: 1/5

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Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

When Umm Kulthum performed in Abu Dhabi

  

 

 

 

Known as The Lady of Arabic Song, Umm Kulthum performed in Abu Dhabi on November 28, 1971, as part of celebrations for the fifth anniversary of the accession of Sheikh Zayed bin Sultan Al Nahyan as Ruler of Abu Dhabi. A concert hall was constructed for the event on land that is now Al Nahyan Stadium, behind Al Wahda Mall. The audience were treated to many of Kulthum's most well-known songs as part of the sold-out show, including Aghadan Alqak and Enta Omri.

 
Company%C2%A0profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3Eamana%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2010%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Karim%20Farra%20and%20Ziad%20Aboujeb%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EUAE%3Cbr%3E%3Cstrong%3ERegulator%3A%20%3C%2Fstrong%3EDFSA%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinancial%20services%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3E85%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ESelf-funded%3Cbr%3E%3C%2Fp%3E%0A
THE BIO

Favourite author - Paulo Coelho 

Favourite holiday destination - Cuba 

New York Times or Jordan Times? NYT is a school and JT was my practice field

Role model - My Grandfather 

Dream interviewee - Che Guevara

Safety 'top priority' for rival hyperloop company

The chief operating officer of Hyperloop Transportation Technologies, Andres de Leon, said his company's hyperloop technology is “ready” and safe.

He said the company prioritised safety throughout its development and, last year, Munich Re, one of the world's largest reinsurance companies, announced it was ready to insure their technology.

“Our levitation, propulsion, and vacuum technology have all been developed [...] over several decades and have been deployed and tested at full scale,” he said in a statement to The National.

“Only once the system has been certified and approved will it move people,” he said.

HyperloopTT has begun designing and engineering processes for its Abu Dhabi projects and hopes to break ground soon. 

With no delivery date yet announced, Mr de Leon said timelines had to be considered carefully, as government approval, permits, and regulations could create necessary delays.

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.”

Profile

Company name: Jaib

Started: January 2018

Co-founders: Fouad Jeryes and Sinan Taifour

Based: Jordan

Sector: FinTech

Total transactions: over $800,000 since January, 2018

Investors in Jaib's mother company Alpha Apps: Aramex and 500 Startups

The%20specs%20
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The specs: 2018 Dodge Durango SRT

Price, base / as tested: Dh259,000

Engine: 6.4-litre V8

Power: 475hp @ 6,000rpm

Torque: 640Nm @ 4,300rpm

Transmission: Eight-speed automatic

Fuel consumption, combined: 7.7L / 100km

What vitamins do we know are beneficial for living in the UAE

Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.

Company%20profile
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pakistan Test squad

Azhar Ali (capt), Shan Masood, Abid Ali, Imam-ul-Haq, Asad Shafiq, Babar Azam, Fawad Alam, Haris Sohail, Imran Khan, Kashif Bhatti, Mohammad Rizwan (wk), Naseem Shah, Shaheen Shah Afridi, Mohammad Abbas, Yasir Shah, Usman Shinwari

Aggro%20Dr1ft
%3Cp%3EDirector%3A%20Harmony%20Korine%3Cbr%3EStars%3A%20Jordi%20Molla%2C%20Travis%20Scott%3Cbr%3ERating%3A%202%2F5%3C%2Fp%3E%0A
Biog

Age: 50

Known as the UAE’s strongest man

Favourite dish: “Everything and sea food”

Hobbies: Drawing, basketball and poetry

Favourite car: Any classic car

Favourite superhero: The Hulk original

COMPANY PROFILE

Name: Rain Management

Year started: 2017

Based: Bahrain

Employees: 100-120

Amount raised: $2.5m from BitMex Ventures and Blockwater. Another $6m raised from MEVP, Coinbase, Vision Ventures, CMT, Jimco and DIFC Fintech Fund

 

 

How to help

Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
2252 – Dh 50
6025 – Dh20
6027 – Dh 100
6026 – Dh 200

Silent Hill f

Publisher: Konami

Platforms: PlayStation 5, Xbox Series X/S, PC

Rating: 4.5/5

The specs: 2018 Infiniti QX80

Price: base / as tested: Dh335,000

Engine: 5.6-litre V8

Gearbox: Seven-speed automatic

Power: 400hp @ 5,800rpm

Torque: 560Nm @ 4,000rpm

Fuel economy, combined: 12.1L / 100km

Juventus v Napoli, Sunday, 10.45pm (UAE)

Match on Bein Sports

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INDIA V SOUTH AFRICA

First Test: October 2-6, at Visakhapatnam

Second Test: October 10-14, at Maharashtra

Third Test: October 19-23, at Ranchi

Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
On sale: Now
Price: From Dh158,000 (Cooper), Dh168,000 (Aceman), Dh190,000 (Countryman)
COMPANY%20PROFILE
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Despacito's dominance in numbers

Released: 2017

Peak chart position: No.1 in more than 47 countries, including the United States, the United Kingdom, Australia and Lebanon

Views: 5.3 billion on YouTube

Sales: With 10 million downloads in the US, Despacito became the first Latin single to receive Diamond sales certification

Streams: 1.3 billion combined audio and video by the end of 2017, making it the biggest digital hit of the year.

Awards: 17, including Record of the Year at last year’s prestigious Latin Grammy Awards, as well as five Billboard Music Awards

If you go

Flights

Emirates flies from Dubai to Phnom Penh with a stop in Yangon from Dh3,075, and Etihad flies from Abu Dhabi to Phnom Penh with its partner Bangkok Airlines from Dh2,763. These trips take about nine hours each and both include taxes. From there, a road transfer takes at least four hours; airlines including KC Airlines (www.kcairlines.com) offer quick connecting flights from Phnom Penh to Sihanoukville from about $100 (Dh367) return including taxes. Air Asia, Malindo Air and Malaysian Airlines fly direct from Kuala Lumpur to Sihanoukville from $54 each way. Next year, direct flights are due to launch between Bangkok and Sihanoukville, which will cut the journey time by a third.

The stay

Rooms at Alila Villas Koh Russey (www.alilahotels.com/ kohrussey) cost from $385 per night including taxes.

THE BIO

Favourite place to go to in the UAE: The desert sand dunes, just after some rain

Who inspires you: Anybody with new and smart ideas, challenging questions, an open mind and a positive attitude

Where would you like to retire: Most probably in my home country, Hungary, but with frequent returns to the UAE

Favorite book: A book by Transilvanian author, Albert Wass, entitled ‘Sword and Reap’ (Kard es Kasza) - not really known internationally

Favourite subjects in school: Mathematics and science

Dolittle

Director: Stephen Gaghan

Stars: Robert Downey Jr, Michael Sheen

One-and-a-half out of five stars

Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

Available: Now

Specs

Engine: Dual-motor all-wheel-drive electric

Range: Up to 610km

Power: 905hp

Torque: 985Nm

Price: From Dh439,000

Available: Now

Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants

BABYLON
%3Cp%3EDirector%3A%20Damien%20Chazelle%3C%2Fp%3E%0A%3Cp%3EStars%3A%20Brad%20Pitt%2C%20Margot%20Robbie%2C%20Jean%20Smart%3C%2Fp%3E%0A%3Cp%3ERating%3A%204%2F5%3C%2Fp%3E%0A
2.0

Director: S Shankar

Producer: Lyca Productions; presented by Dharma Films

Cast: Rajnikanth, Akshay Kumar, Amy Jackson, Sudhanshu Pandey

Rating: 3.5/5 stars

Shooting Ghosts: A U.S. Marine, a Combat Photographer, and Their Journey Back from War by Thomas J. Brennan and Finbarr O’Reilly

Developer: Ubisoft Montreal / Ubisoft Toronto
Publisher: Ubisoft
Platforms: Playstation 4, Xbox One, Windows
​​​​​​​Release Date: April 10

Updated: January 15, 2023, 6:40 AM