"Toto, I've a feeling we're not in Kansas anymore." Remember that moment in The Wizard of Oz when Dorothy steps into the fantasy world of Oz - post-cyclone - and everything switches to surreally bright, glorious Technicolor?
Spring/Summer 2012 finds us over the rainbow in a fashion cyberworld. So full of colour, clothes seem to take on a kinetic energy all of their own. Even a trip to the mall can feel like you've landed inside a 3D HDTV 152 inch plasma screen with colour and brightness turned up to the max.
Add to all the fizzy pastels and lurid neons a kaleidoscope of Photoshop prints and the result is one of the most eye-popping seasons in memory; and it isn't exclusive to fashion, either.
You will find the same kind of synthetically enhanced, frenzied colour on the cover of Coldplay's Mylo Xyloto album as you can on Michael Kors's techno-silk crepe anoraks. It's even seeping through to kitchen units at Ikea and iPad covers (who hasn't got one in fluorescent pink?).
The reason for this extraordinarily and naively optimistic, uplifting palette has got something to do with the fact, commercially, that hey, it's tough out there.
Besides fashion, there's so much choice about what to spend money on. If you are superrich, it could be a luxury AgustaWestland helicopter designed by Karl Lagerfeld, not simply a Chanel handbag.
For the less wealthy, there are so many enticing peer-to-peer e-commerce sites popping up, like Material Wrld, which calls itself "a prettier and friendlier eBay with social features", why even buy new?
Run of the mill fashion designers have responded collectively by delivering the right 'wow' for now; clothes so colourful and playful they screeeeeam to be noticed, and ideally bought.
This season's saccharine bright skirts, shoes, earrings and lipsticks have been dreamt up to dare you to join in with fashion and to equally show everyone else that you are doing just this.
The last time graphic, bold techno brights hit fashion was in the 1990s when Helmut Lang blurred them with neutrals. After the recession of the 1980s, this hinted at prosperity to come and turned the entire compass of fashion around.
Before that it was the rebellious Acid House of the 1980s, which brought the raw energy of 'street fashion', sports and club gear into high fashion.
Other colour bursts in fashion history include Punk Rock and of course the pop art 1960s and psychedelic 1970s, which used the energetic properties of colour as an expression of new found liberation and assertiveness, especially for young people.
In truth, fashion holds up a mirror to society generally. What we see on the catwalks each season is an overall "state of mind" or as the French would say, a l'air du temps.
This time around, some of the unusual colour combinations are not only the result of new developments in digital printing and textile technology, where dyes can withstand more pigment, but also the result of diverse inspirations dreamt up by computer-savvy designers.
Jonathan Saunders, whose current collection of toxic yellows, limes, lipstick pinks and oranges pretty much sums up spring/summer 2012, cites hand-painted Edwardian portraiture and the way women dressed in the home in the 1950s as roots for his breakout range.
"I discovered how the hand painterly element was juxtaposed by an artificial colour palette," is how Saunders explained his souped up artificial tones heightened by shiny fabrics which added to a "modern" not Retro feel.
Other designers, including Katy Perry's favourite, Manish Arora, went down the kitsch India route, inspired by the diverse cultures of India, from Bollywood to stylised deities.
What do we feel about actually wearing all these exuberant, look-at-me colours, particularly all at once as the catwalks advocated? If you are the sort who prefers the sort of effortlessly, wearable clothes you can throw on and forget about, look no further than a pair of orange jeans or narrow, silk trousers (Joseph do a great pair) and wear with a printed T-shirt, and perhaps a few bright accessories. Even a bra strap of a neon yellow lace Victoria Secrets bra can punch up a slouchy top. Meanwhile, an orange alligator skin Vertu phone will send out a coded signal about how cool and clued up you are about fashion.
Those wanting to jump in at the deep end must experiment with the piece of the season (no, not Dorothy's ruby slippers): a form-fitting dress with added peplum in a shade of hot pink.
You might also like to try a sporty blouson or parka in a vivid silk. Throw over practically anything and you are good to go.
MATCH INFO
Jersey 147 (20 overs)
UAE 112 (19.2 overs)
Jersey win by 35 runs
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.”
The bio
Favourite book: Peter Rabbit. I used to read it to my three children and still read it myself. If I am feeling down it brings back good memories.
Best thing about your job: Getting to help people. My mum always told me never to pass up an opportunity to do a good deed.
Best part of life in the UAE: The weather. The constant sunshine is amazing and there is always something to do, you have so many options when it comes to how to spend your day.
Favourite holiday destination: Malaysia. I went there for my honeymoon and ended up volunteering to teach local children for a few hours each day. It is such a special place and I plan to retire there one day.
Washmen Profile
Date Started: May 2015
Founders: Rami Shaar and Jad Halaoui
Based: Dubai, UAE
Sector: Laundry
Employees: 170
Funding: about $8m
Funders: Addventure, B&Y Partners, Clara Ventures, Cedar Mundi Partners, Henkel Ventures
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
Ireland (15-1):
Ireland (15-1): Rob Kearney; Keith Earls, Chris Farrell, Bundee Aki, Jacob Stockdale; Jonathan Sexton, Conor Murray; Jack Conan, Sean O'Brien, Peter O'Mahony; James Ryan, Quinn Roux; Tadhg Furlong, Rory Best (capt), Cian Healy
Replacements: Sean Cronin, Dave Kilcoyne, Andrew Porter, Ultan Dillane, Josh van der Flier, John Cooney, Joey Carbery, Jordan Larmour
Coach: Joe Schmidt (NZL)
THREE
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Key figures in the life of the fort
Sheikh Dhiyab bin Isa (ruled 1761-1793) Built Qasr Al Hosn as a watchtower to guard over the only freshwater well on Abu Dhabi island.
Sheikh Shakhbut bin Dhiyab (ruled 1793-1816) Expanded the tower into a small fort and transferred his ruling place of residence from Liwa Oasis to the fort on the island.
Sheikh Tahnoon bin Shakhbut (ruled 1818-1833) Expanded Qasr Al Hosn further as Abu Dhabi grew from a small village of palm huts to a town of more than 5,000 inhabitants.
Sheikh Khalifa bin Shakhbut (ruled 1833-1845) Repaired and fortified the fort.
Sheikh Saeed bin Tahnoon (ruled 1845-1855) Turned Qasr Al Hosn into a strong two-storied structure.
Sheikh Zayed bin Khalifa (ruled 1855-1909) Expanded Qasr Al Hosn further to reflect the emirate's increasing prominence.
Sheikh Shakhbut bin Sultan (ruled 1928-1966) Renovated and enlarged Qasr Al Hosn, adding a decorative arch and two new villas.
Sheikh Zayed bin Sultan (ruled 1966-2004) Moved the royal residence to Al Manhal palace and kept his diwan at Qasr Al Hosn.
Sources: Jayanti Maitra, www.adach.ae
SPECS
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The specs
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
More coverage from the Future Forum
French Touch
Carla Bruni
(Verve)
Honeymoonish
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Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
UAE currency: the story behind the money in your pockets
The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
What is a calorie?
A food calorie, or kilocalorie, is a measure of nutritional energy generated from what is consumed.
One calorie, is the amount of heat needed to raise the temperature of 1 kilogram of water by 1°C.
A kilocalorie represents a 1,000 true calories of energy.
Energy density figures are often quoted as calories per serving, with one gram of fat in food containing nine calories, and a gram of protein or carbohydrate providing about four.
Alcohol contains about seven calories a gram.
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia