From left, singer Billie Eilish, poet Amanda Gorman and tennis star Naomi Osaka, who will co-chair the Met Gala on September 13. AP
From left, singer Billie Eilish, poet Amanda Gorman and tennis star Naomi Osaka, who will co-chair the Met Gala on September 13. AP
From left, singer Billie Eilish, poet Amanda Gorman and tennis star Naomi Osaka, who will co-chair the Met Gala on September 13. AP
From left, singer Billie Eilish, poet Amanda Gorman and tennis star Naomi Osaka, who will co-chair the Met Gala on September 13. AP

Met Gala pushes for diversity: Amanda Gorman to join Billie Eilish, Timothee Chalamet and Naomi Osaka as co-chairs


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New York's star-studded Met Gala will focus on youth and diversity this year, with four co-chairs under the age of 30 – actor Timothee Chalamet, poet Amanda Gorman, singer Billie Eilish and tennis player Naomi Osaka.

Normally held in early May, the charity ball was postponed to September 13 in the hope that many Covid-19 restrictions will be lifted by then.

The 2020 event was cancelled due to the pandemic.

The honorary co-chairs will be Anna Wintour, the editor-in-chief of Vogue who has turned the gala into a global event, designer Tom Ford and Adam Mosseri, director of Instagram, which is sponsoring the event.

Scroll through our gallery of the best Mel Gala looks ever:

  • 1985: 35 years ago Cher turned up with costume designer to the stars Bob Mackie, wearing his design (which looks like something that has now been recreated by the likes of J-Lo and the Kardashian clan about 1,000 times). Look, she was even an early adopter of the 'Maria Tash' ear cuff. Getty Images
    1985: 35 years ago Cher turned up with costume designer to the stars Bob Mackie, wearing his design (which looks like something that has now been recreated by the likes of J-Lo and the Kardashian clan about 1,000 times). Look, she was even an early adopter of the 'Maria Tash' ear cuff. Getty Images
  • 1990: In the '90s, Naomi Campbell was definitely the person who had the most fun with fashion at the Met Gala. This was her Met Gala debut: the Versace mini dress is so perfectly '90s. Getty Images
    1990: In the '90s, Naomi Campbell was definitely the person who had the most fun with fashion at the Met Gala. This was her Met Gala debut: the Versace mini dress is so perfectly '90s. Getty Images
  • 2004: Golden Balenciaga was the order of the day for Diane Kruger in 2004 when the theme was "Dangerous Liaisons: Fashion and Furniture in the 18th Century". As you can see by the dirty pavement, the red carpet itself didn't really exist back then, but she still brought red carpet glam. Getty Images
    2004: Golden Balenciaga was the order of the day for Diane Kruger in 2004 when the theme was "Dangerous Liaisons: Fashion and Furniture in the 18th Century". As you can see by the dirty pavement, the red carpet itself didn't really exist back then, but she still brought red carpet glam. Getty Images
  • 2005: Karolina Kurkova's Chanel gown emblazoned with 'I Love You' was a true statement look, when, 15 years ago, the outfits at the Costume Institute Gala were far more subdued. It also kind of looks like a duvet, which appeals to our comfort dressing instincts. Getty Images
    2005: Karolina Kurkova's Chanel gown emblazoned with 'I Love You' was a true statement look, when, 15 years ago, the outfits at the Costume Institute Gala were far more subdued. It also kind of looks like a duvet, which appeals to our comfort dressing instincts. Getty Images
  • 2006: John Galliano, the man behind this stage-costume-like dress, walked Charlize Theron down the red carpet. The theme on the night was "AngloMania: Tradition and Transgression in British Fashion". Getty Images
    2006: John Galliano, the man behind this stage-costume-like dress, walked Charlize Theron down the red carpet. The theme on the night was "AngloMania: Tradition and Transgression in British Fashion". Getty Images
  • 2006: Meanwhile, Sarah Jessica Parker truly stuck to the British theme in this design by the late, great Alexander McQueen. Getty Images
    2006: Meanwhile, Sarah Jessica Parker truly stuck to the British theme in this design by the late, great Alexander McQueen. Getty Images
  • 2007: Gold headband, gorgeous purple dress, Lucy Liu stole the show in Zac Posen in 2007. Getty Images
    2007: Gold headband, gorgeous purple dress, Lucy Liu stole the show in Zac Posen in 2007. Getty Images
  • 2007: While Renee Zellweger was all subdued sparkle in Carolina Herrera. Getty Images
    2007: While Renee Zellweger was all subdued sparkle in Carolina Herrera. Getty Images
  • 2008: The theme this year was Superheroes, and yet most in attendance went for very simple gowns. Supermodel Amber Valletta, however, looked like an actual caped crusader, albeit a very fabulous one, in Versace. Getty Images
    2008: The theme this year was Superheroes, and yet most in attendance went for very simple gowns. Supermodel Amber Valletta, however, looked like an actual caped crusader, albeit a very fabulous one, in Versace. Getty Images
  • 2008: Zac Posen is the king of big, feminine Met Gala gowns. This yellow dress worn by Kate Mara would be considered shy and retiring by today's Costume Institute standards, but was actually one of the boldest gowns on the red carpet 12 years ago. Getty Images
    2008: Zac Posen is the king of big, feminine Met Gala gowns. This yellow dress worn by Kate Mara would be considered shy and retiring by today's Costume Institute standards, but was actually one of the boldest gowns on the red carpet 12 years ago. Getty Images
  • 2009: Suits are a dime a dozen on the red carpet these days, but they were rare at the Met Gala when Rihanna wore this Dolce and Gabanna two-piece. It's not necessarily the pinnacle of today's style, but it was a major moment 11 years ago. (Keep scrolling to see further proof that this woman is a style trail blazer). Getty Images
    2009: Suits are a dime a dozen on the red carpet these days, but they were rare at the Met Gala when Rihanna wore this Dolce and Gabanna two-piece. It's not necessarily the pinnacle of today's style, but it was a major moment 11 years ago. (Keep scrolling to see further proof that this woman is a style trail blazer). Getty Images
  • 2010: It's simple, but sometimes all a red carpet needs is a shimmering, strapless champagne ball gown. This number Anne Hathaway is wearing is by her go-to designer Valentino. EPA
    2010: It's simple, but sometimes all a red carpet needs is a shimmering, strapless champagne ball gown. This number Anne Hathaway is wearing is by her go-to designer Valentino. EPA
  • 2011: Jennifer Lopez arrived to the Met Gala with Marc Anthony on her arm in 2011, oh how times have changed. But one thing that's timeless is this Gucci dress, floral shrug and all. EPA
    2011: Jennifer Lopez arrived to the Met Gala with Marc Anthony on her arm in 2011, oh how times have changed. But one thing that's timeless is this Gucci dress, floral shrug and all. EPA
  • 2012: Turban, rose gold, high-necked, sequins for days - Karolina Kurkova is the epitome of modest chic in this custom Rachel Zoe. EPA
    2012: Turban, rose gold, high-necked, sequins for days - Karolina Kurkova is the epitome of modest chic in this custom Rachel Zoe. EPA
  • 2012: Tulle and embellishments are two mainstays of red carpet dressing, and this Dolce and Gabbana gown combines them in a very surprising way. Fast fact: 2012 was also the year Scarlett Johansson joined the 'Avengers' movies. EPA
    2012: Tulle and embellishments are two mainstays of red carpet dressing, and this Dolce and Gabbana gown combines them in a very surprising way. Fast fact: 2012 was also the year Scarlett Johansson joined the 'Avengers' movies. EPA
  • 2013: We personally think this hot pink Valentino tops Gwyneth Paltrow's famous pink Oscars gown (which was too twee for our taste). It's timeless yet very contemporary, quite a feat. EPA
    2013: We personally think this hot pink Valentino tops Gwyneth Paltrow's famous pink Oscars gown (which was too twee for our taste). It's timeless yet very contemporary, quite a feat. EPA
  • 2013: The theme this year was Punk, and while Uma Thurman didn't stick to it by even an inch, we don't care, because this green Zac Posen gown is old-Hollywood glamour at its best. He looks proud as punch posing with his design - and, as he should, the workmanship is beautiful. EPA
    2013: The theme this year was Punk, and while Uma Thurman didn't stick to it by even an inch, we don't care, because this green Zac Posen gown is old-Hollywood glamour at its best. He looks proud as punch posing with his design - and, as he should, the workmanship is beautiful. EPA
  • 2014: Rihanna follows her own path, and sets trends in the process. This 2014 Stella McCartney design definitely seems to have inspired plenty of Hadid-sister-era looks. She's a fashion icon of our times for a reason. EPA
    2014: Rihanna follows her own path, and sets trends in the process. This 2014 Stella McCartney design definitely seems to have inspired plenty of Hadid-sister-era looks. She's a fashion icon of our times for a reason. EPA
  • 2014: Both sculptural, and like a painting, this Marchesa gown is unusual and yet very classic in sensibility. Karolina Kurkova is definitely a model that uses her red carpet powers for good. EPA
    2014: Both sculptural, and like a painting, this Marchesa gown is unusual and yet very classic in sensibility. Karolina Kurkova is definitely a model that uses her red carpet powers for good. EPA
  • 2014: Zac Posen is a master of the feminine, classical fairytale gown, but ones that flatter the wearer. Liu Wen looks stunning in this turquoise dress. A true Cinderella moment. EPA
    2014: Zac Posen is a master of the feminine, classical fairytale gown, but ones that flatter the wearer. Liu Wen looks stunning in this turquoise dress. A true Cinderella moment. EPA
  • 2015: This Guo Pei yellow dress launched a thousand memes (is it an omelette or Big Bird?) but, really, it's a work of art. The theme this year was China, and the fact Rihanna opted for a Chinese designer rather than going for some badly pitched appropriation makes her a winner in our eyes. EPA
    2015: This Guo Pei yellow dress launched a thousand memes (is it an omelette or Big Bird?) but, really, it's a work of art. The theme this year was China, and the fact Rihanna opted for a Chinese designer rather than going for some badly pitched appropriation makes her a winner in our eyes. EPA
  • 2015: This unusual Giles dress gets an A for originality, which is kind of Solange's personal style modus operandi. EPA
    2015: This unusual Giles dress gets an A for originality, which is kind of Solange's personal style modus operandi. EPA
  • 2016: The lake of a train on this Dolce & Gabbana gown mimics a peacock, which is a gloriously show-off move by Zoe Saldana. EPA
    2016: The lake of a train on this Dolce & Gabbana gown mimics a peacock, which is a gloriously show-off move by Zoe Saldana. EPA
  • 2016: More Zac Posen - we just can't get enough of him. What you can't see here is that this ice white dress Claire Danes wore is actually glow in the dark. You've got to love a dress with a sense of the dramatic. EPA
    2016: More Zac Posen - we just can't get enough of him. What you can't see here is that this ice white dress Claire Danes wore is actually glow in the dark. You've got to love a dress with a sense of the dramatic. EPA
  • 2017: It is called the Costume Institute Gala after all, and Rihanna always delivers. This Comme des Garcons design is pure pouf but also very elegant. Again, a work of art. EPA
    2017: It is called the Costume Institute Gala after all, and Rihanna always delivers. This Comme des Garcons design is pure pouf but also very elegant. Again, a work of art. EPA
  • 2018: We've shown some serious favouritism toward Rihanna in this list, but she deserves it because she always brings something worth talking about. Some may think she took the "Fashion and the Catholic Imagination" theme too literally, but this Margiela-designed, Pope-inspired look was the most talked about of the night. EPA
    2018: We've shown some serious favouritism toward Rihanna in this list, but she deserves it because she always brings something worth talking about. Some may think she took the "Fashion and the Catholic Imagination" theme too literally, but this Margiela-designed, Pope-inspired look was the most talked about of the night. EPA
  • 2018: Swarovski headgear turns this cardinal red velvet Ralph Lauren dress into a work of art - and we think this is Priyanka Chopra's best Met Gala look to date. EPA
    2018: Swarovski headgear turns this cardinal red velvet Ralph Lauren dress into a work of art - and we think this is Priyanka Chopra's best Met Gala look to date. EPA
  • 2018: A dress that truly requires a grand staircase, this Versace dress that followed Blake Lively up the Metropolitan Museum's stairs reportedly took 600 man hours to make. That's extra. EPA
    2018: A dress that truly requires a grand staircase, this Versace dress that followed Blake Lively up the Metropolitan Museum's stairs reportedly took 600 man hours to make. That's extra. EPA
  • 2019: This Versace column gown is made of crystal-embroidered stars, what's no to love? The always-stylish Lupita Nyong'o worked closely with Donatella Versace in its creation. EPA
    2019: This Versace column gown is made of crystal-embroidered stars, what's no to love? The always-stylish Lupita Nyong'o worked closely with Donatella Versace in its creation. EPA
  • 2019: Gaga isn't known as the shy and retiring type when it comes to style choices, and this hot pink Brandon Maxwell has to be her biggest gown to date. She stripped off to a bodysuit later in the evening, proving this look is as versatile as it is voluminous. EPA
    2019: Gaga isn't known as the shy and retiring type when it comes to style choices, and this hot pink Brandon Maxwell has to be her biggest gown to date. She stripped off to a bodysuit later in the evening, proving this look is as versatile as it is voluminous. EPA

The Metropolitan Museum of Art's Costume Institute relies on the Met Gala to fund its work, including exhibitions and acquisitions, and the cancellation of last year's event badly damaged its finances.

A regular on red carpets, Franco-American Chalamet, 25, has a reputation for fashionable outfits, wearing Alexander McQueen flower-printed suits, and – at the 2019 Golden Globes – a glittering Louis Vuitton harness.

Timothee Chalamet at the 2019 Baftas. AFP
Timothee Chalamet at the 2019 Baftas. AFP

Gorman, 23, became an international sensation after reciting her poem The Hill We Climb, inspired by the January 6 attack on the US Capitol, at President Joe Biden's inauguration.

Gorman, who is African-American, then became the first-ever poet to perform at the Super Bowl, America's most-watched broadcast of the year.

Better known for her casual style, including large T-shirts, singer Eilish, 19, recently appeared on the cover of British Vogue.

Osaka, 23, the world's number two women's tennis player, has also made waves in the fashion world, becoming a Louis Vuitton ambassador.

Osaka, who has a Japanese mother and Haitian father, has also collaborated on designs for bags and swimsuits.

The Met Gala will be held in two stages, with a first reception on Monday, September 13 and another on Monday, May 2, 2022.

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Read more:

Take a bow: 59 photos that chart Rihanna's style journey from music star to fashion mogul

Courtroom to red carpet: 27 photos that show Amal Clooney's style journey

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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.”

Results

4.30pm Jebel Jais – Maiden (PA) Dh60,000 (Turf) 1,000m; Winner: MM Al Balqaa, Bernardo Pinheiro (jockey), Qaiss Aboud (trainer)

5pm: Jabel Faya – Maiden (PA) Dh60,000 (T) 1,000m; Winner: AF Rasam, Tadhg O’Shea, Ernst Oertel

5.30pm: Al Wathba Stallions Cup – Handicap (PA) Dh70,000 (T) 2,200m; Winner: AF Mukhrej, Tadhg O’Shea, Ernst Oertel

6pm: The President’s Cup Prep – Conditions (PA) Dh100,000 (T) 2,200m; Winner: Mujeeb, Richard Mullen, Salem Al Ketbi

6.30pm: Abu Dhabi Equestrian Club – Prestige (PA) Dh125,000 (T) 1,600m; Winner: Jawal Al Reef, Antonio Fresu, Abubakar Daud

7pm: Al Ruwais – Group 3 (PA) Dh300,000 (T) 1,200m; Winner: Ashton Tourettes, Pat Dobbs, Ibrahim Aseel

7.30pm: Jebel Hafeet – Maiden (TB) Dh80,000 (T) 1,400m; Winner: Nibraas, Richard Mullen, Nicholas Bachalard

SPECS
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The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

Awar Qalb

Director: Jamal Salem

Starring: Abdulla Zaid, Joma Ali, Neven Madi and Khadija Sleiman

Two stars

Best Foreign Language Film nominees

Capernaum (Lebanon)

Cold War (Poland)

Never Look Away (Germany)

Roma (Mexico)

Shoplifters (Japan)