The good
Amy Adams in Marchesa
She took a risk with this dress and we think it pays off. The ballet pink tone works beautifully against her pale complexion and the decision to keep the neck bare was spot on. She looks elegant and confident.
Kerry Washington in Miu Miu
This is exactly how to do the red carpet - and what a treat to see something a little different among a sea of mermaid dresses. The intricate feather-like embroidery works beautifully with the Prada pumps and a green Chopard ring. It's a difficult length to wear but the sheer overlay panel, which allows the outline of the legs to be seen, helps with the overall line.
Helen Mirren in Badgley Mischka
Let's face it: Dame Mirren can do no wrong. At 67, she looked jaw-droppingly elegant as she posed on the red carpet. Her hair was loose and wavy, the perfect way to soften lines on ageing skin. And the clever use of embroidery at the waist accentuated her fabulous shape. We are in awe.
Julianna Margulies in Emilio Pucci
Emilio Pucci you did it again. Margulies stunned in this sophisticated sheer blue lace gown with an infinitely low-cut back. The somewhat racy sheerness was offset by a high neck and cap sleeve. A firm favourite.
Anne Hathaway in Chanel
This was Hathaway's year and a lot was resting on this dress. The result? Perfection. The snow-white couture gown looked as if it was designed solely with her in mind with its structured, form-fitting top that delicately flared out at the waist, and a matching skirt. Hathaway's fabulous elfin crop accentuated her delicate features. Take note, girls: not a frill or a flounce in sight. Just simple, understated elegance. A definite winner.
The bad
Jennifer Lopez in Dior
We get it, Jennifer. You have a fabulous hourglass figure. That doesn't mean every dress you wear has to be sprayed on - or lacy, for that matter. You remind us of something from the top of a wedding cake. You have been rocking this same dancing-on-ice look for more than two decades now. It's high time for a makeover - or make-under we should say.
Taylor Swift in Donna Karan
We had to do a double take before we realised it was little Taylor Swift hiding under those swathes of aubergine silk. We don't have a major problem with the dress (although it is pulling at the hips and the fish tail could have done with a steam) - we simply feel she is too young for such a dark and heavy dress.
Adele in Burberry
We feel hugely guilty about this, considering it was her first night out after having a baby, but all is fair in love and war. Here we have what we call the classic style rut. The signature black, the scoop neck, the heavy liner, the three-quarter sleeve, topped off with the same old backcombed 'do and some Cartier gems. We understand it's slimming, Adele, but the world thinks you are gorgeous. Stop hiding away.
Halle Berry in Versace
Oh, Halle. Frock horror! We have said it once and we will say it again: never, ever go for a loud print on the red carpet. Especially a 1990s-inspired monster like this one. The oddly placed slashes and cut-outs make it look like some devilish toddler got his hands on it. Better luck next time.
Kelly Osbourne in Zac Posen
We like the idea of this from afar but the execution is a big fail. We applaud her for her efforts but the mint green and lavender hair simply do not pair well. Plus we are slightly baffled by the pleating at the bottom of the dress, which almost appears detachable.
* Katie Trotter
Most dapper
Jason Bateman and Aziz Ansari set the sartorial bar high for the gents with their well-cut tuxedos. Bateman's slick shawl collar tux - once a go-to for old Hollywood's elite - was nothing short of classic. But Ansari's one-button peak lapel aced the night. Cut slimmer and shorter than usual, with the arms high and tight, it's a sharp, contemporary take on the black tie. Never mind that when the red carpet hostess Giuliana Rancic asked him who he was wearing, Ansari cited "Kevin Dior" as the designer of his tux. He soon realised his error - it's Christian Dior - and cracked: "Kevin works at a Home Depot in Burbank."
* James Gabrillo
To read Nadia El Dasher's best and worst and see more pictures visit our fashion blog All Dressed Up
Abu Dhabi Sustainability Week
The specs
Engine: Two permanent-magnet synchronous AC motors
Transmission: two-speed
Power: 671hp
Torque: 849Nm
Range: 456km
Price: from Dh437,900
On sale: now
The specs
Engine: 5.0-litre supercharged V8
Transmission: Eight-speed auto
Power: 575bhp
Torque: 700Nm
Price: Dh554,000
On sale: now
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.”
Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
The Specs
Price, base Dh379,000
Engine 2.9-litre, twin-turbo V6
Gearbox eight-speed automatic
Power 503bhp
Torque 443Nm
On sale now
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Gifts exchanged
- King Charles - replica of President Eisenhower Sword
- Queen Camilla - Tiffany & Co vintage 18-carat gold, diamond and ruby flower brooch
- Donald Trump - hand-bound leather book with Declaration of Independence
- Melania Trump - personalised Anya Hindmarch handbag
Company profile
Name: Oulo.com
Founder: Kamal Nazha
Based: Dubai
Founded: 2020
Number of employees: 5
Sector: Technology
Funding: $450,000