Let’s first establish that trends are mainly shaped by external influences.
Interior trends filter inward from many different sources, from the latest runway shows to places people travel to. Bigger-picture elements, such as inflation, oil prices and a global pandemic, can also drive the economics of what a home, restaurant or office features.
Two keywords to keep in mind when redecorating are: seamless and stylish. Here's what's likely to be on-trend yet timeless in the coming year.
Boucle fabric
Many of us are currently craving a multisensory palette. The pandemic deprived us of one of our most “human” senses: touch.
In response to that, it will become increasingly important for designers to make use of materials that bring tactility to the interior scheme and to devise spaces that provoke emotion.
Designers have a particular fondness for boucle, which is a yarn with a looped or curled ply. I have specified this fabric to upholster every single piece of furniture you can think of, for projects from hospitality to residential spaces.
Boucle has a gorgeous weave and evokes a very Chanel-esque luxury; it is trending in every home retail store across the UAE and I believe it is here to stay.
Many homeowners and design enthusiasts have put away the leather and velvet couches, and are opting for this nubby texture in their upholstery. It works best on soft, rounded forms of furniture, although throws and cushions are popular choices, too.
Floor art (previously known as rugs)
Rugs are an economical way to refresh the decor of your home. It’s amazing how one single element on the floor can pull together different pieces of furniture in a room and create a cohesive look.
This year, bid adieu to conventional circular and rectangular forms, and bring in playful, organic shapes.
Statement art is moving from the walls to the floor, and we are seeing bright and bold signature pieces as well as graphic and abstract vintage patterns in rugs. Natural textures such as sisal and jute are taking a back seat, as yearnings lean more towards luxe underfoot feels.
Bespoke joinery
This has always been a fundamental feature in most well-designed homes, but now we are seeing even those leasing homes investing in one-off pieces in a bid to bring a hospitality look-and-feel into their home.
On a more practical note, a built-to-suit piece is the best way to utilise any awkwardly shaped nooks and crannies that are often “lost” real estate.
As such, maximising every single square foot of your home is well worth the investment. This is also an effective way to create eye-grabbing features, such as a floor-to-ceiling bookshelf, a panelled wall with a built-in AV/ IT centre and headboards that touch the ceiling.
Rainbow colours
We can’t have a conversation about interior design if we don’t talk about the colour palette, and in the coming year, we are leaving the haven of neutrals and stepping into a veritable rainbow.
Safe beige, grey and white walls are on their way out, so feel free to experiment with bold hues and darker tones to add depth to your space.
Do tread with caution when you choose your shade, though, as it can affect your mood and shift perceptions about the size of your space.
WFH spaces
The pandemic might be drawing to a close, but its parting gift was the work-from-home revolution. Many continue to do so in some capacity, citing an increase in productivity, savings on commutes and much-needed downtime between meetings to exercise or indulge in other work-life balance activities.
This does mean, though, that you need to set up a permanent home office and, as such, think about creating multifunctional spaces if you are short on square footage.
Some of this will be instinctive and inevitable; for example, you will find your dining table or kitchen counter doubling up as a work desk. However, don’t be tempted to use a dining chair or bar stool; it’s crucial to invest in an ergonomic chair.
Those with a bit more space should consider converting a spare bedroom into a functional office, complete with a stellar video call backdrop, great acoustics and a sit-stand desk. Those aren’t going out of style anytime soon.
If you go...
Flying
There is no simple way to get to Punta Arenas from the UAE, with flights from Dubai and Abu Dhabi requiring at least two connections to reach this part of Patagonia. Flights start from about Dh6,250.
Touring
Chile Nativo offers the amended Los Dientes trek with expert guides and porters who are met in Puerto Williams on Isla Navarino. The trip starts and ends in Punta Arenas and lasts for six days in total. Prices start from Dh8,795.
Teaching in coronavirus times
Killing of Qassem Suleimani
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Libya's Gold
UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves.
The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.
Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.
A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.
Killing of Qassem Suleimani
NBA Finals results
Game 1: Warriors 124, Cavaliers 114
Game 2: Warriors 122, Cavaliers 103
Game 3: Cavaliers 102, Warriors 110
Game 4: In Cleveland, Sunday (Monday morning UAE)
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.”
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
Duterte Harry: Fire and Fury in the Philippines
Jonathan Miller, Scribe Publications
In-demand jobs and monthly salaries
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- Energy engineer: Dh25,000 to Dh30,000
- Production engineer: Dh30,000 to Dh40,000
- Data-driven supply chain management professional: Dh30,000 to Dh50,000
- HR leader: Dh40,000 to Dh60,000
- Engineering leader: Dh30,000 to Dh55,000
- Project manager: Dh55,000 to Dh65,000
- Senior reservoir engineer: Dh40,000 to Dh55,000
- Senior drilling engineer: Dh38,000 to Dh46,000
- Senior process engineer: Dh28,000 to Dh38,000
- Senior maintenance engineer: Dh22,000 to Dh34,000
- Field engineer: Dh6,500 to Dh7,500
- Field supervisor: Dh9,000 to Dh12,000
- Field operator: Dh5,000 to Dh7,000