Rachel Younan (centre) has been crowned Miss Lebanon Emigrant 2018
Rachel Younan (centre) has been crowned Miss Lebanon Emigrant 2018
Rachel Younan (centre) has been crowned Miss Lebanon Emigrant 2018
Rachel Younan (centre) has been crowned Miss Lebanon Emigrant 2018

Miss Lebanon Emigrant 2018 urges Lebanese diaspora to register as citizens


Rupert Hawksley
  • English
  • Arabic

Australia’s Rachel Younan has been crowned Miss Lebanon Emigrant 2018. The 23-year-old triumphed over 10 other finalists from around the world, all of whom have Lebanese heritage, at a ceremony held in Pattaya, Thailand, on Sunday night.

"I am still in shock but I am very, very happy," Younan told The National after receiving the crown from last year's winner Dima Safi. "First of all, I really want to take off my shoes."

Younan impressed the panel of judges, which included Miss Lebanon 2009 and Pattaya’s Director of Tourism, during a series of rounds, such as “national dress”, “swimwear” and “evening gowns”. The contestants also had to perform a number of group dances.

Rachel Younan receives the Miss Lebanon Emigrant sash
Rachel Younan receives the Miss Lebanon Emigrant sash

The runners-up were Miss Lebanon Toronto-Canada and Miss Lebanon Texas-USA. Other awards included “Miss Traditional Costume”, which was won by Miss Lebanon Denmark, and “Miss Photogenic”, which was taken by Miss Lebanon Argentina-North.

Younan, who also won the “Miss Friendship” award, which was voted for by her fellow contestants, said: “We all felt that, if none of us fell over on stage tonight, we’d all won.”

Prior to the final, the contestants visited Lebanon. Younan, an economics graduate currently working at a university in Australia, was keen to highlight the positive impact of this trip to the Middle East. "This competition has helped me to understand what it means to be Lebanese," she said. "You want to embody it and share it with the world."

Younan, who qualified for the competition after winning Miss Lebanon Australia earlier in the year, now hopes to use her heightened profile to help young Lebanese people living in Australia and around the world to register as Lebanese citizens.

“It’s a really good thing for Lebanon – in politics and in society – if the number of Lebanese people accounted for around the world is accurate,” she said. “I’m lucky enough that my parents applied for me and it means that I feel more a part of the country that I come from.”

Life's a beach: The 11 finalists for Miss Lebanon Emigrant 2018 enjoy some downtime in Thailand before the final
Life's a beach: The 11 finalists for Miss Lebanon Emigrant 2018 enjoy some downtime in Thailand before the final

President of the Miss Lebanon Emigrant Committee, Antoine Maksoud, said “We have had a fantastic few days in Thailand this week. Thailand has so much to offer female travellers and all of the contestants have had a unique opportunity to experience Thai culture at its best, first hand.”

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Farage on Muslim Brotherhood

Nigel Farage told Reform's annual conference that the party will proscribe the Muslim Brotherhood if he becomes Prime Minister.
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It is 10 years since a ground-breaking report into the Muslim Brotherhood by Sir John Jenkins.
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The prime minister at the time, David Cameron, who commissioned the report, said membership or association with the Muslim Brotherhood was a "possible indicator of extremism" but it would not be banned.

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Manchester City v Arsenal, 6.15pm

Everton v Watford, 8.30pm

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19% in UK say BBC is biased to right-wing views

19% in UK say BBC is not biased at all

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Engine 3.6-litre V6

Gearbox Eight-speed automatic

Power 280hp @ 6,200rpm

Torque 360Nm @ 2,750rpm

Fuel economy, combined 11.7L / 100km

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Sharjah 131 for 8 in 19.3 overs

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All matches at the Harare Sports Club

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  • 2nd ODI, Friday, April 12
  • 3rd ODI, Sunday, April 14
  • 4th ODI, Sunday, April 16

Squads:

  • UAE: Mohammed Naveed (captain), Rohan Mustafa, Ashfaq Ahmed, Shaiman Anwar, Mohammed Usman, CP Rizwan, Chirag Suri, Mohammed Boota, Ghulam Shabber, Sultan Ahmed, Imran Haider, Amir Hayat, Zahoor Khan, Qadeer Ahmed
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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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