Richard Landry's home in Malibu, California, incorporates timber from a 100-year-old barn from his hometown in Quebec, Canada.
Richard Landry's home in Malibu, California, incorporates timber from a 100-year-old barn from his hometown in Quebec, Canada.
Richard Landry's home in Malibu, California, incorporates timber from a 100-year-old barn from his hometown in Quebec, Canada.
Richard Landry's home in Malibu, California, incorporates timber from a 100-year-old barn from his hometown in Quebec, Canada.

Between Hollywood and the Middle East, luxury is relative


  • English
  • Arabic

Richard Landry, a Los Angeles-based architect, has been named as one of the world's top 100 designers by Architectural Digest. He prides himself on having no definitive style, instead using a hybrid of "modern to classic" architecture in a portfolio that includes homes for Hollywood's elite and several large houses in the Middle East.

Did your childhood home have an influence on what you do now? I was born in Quebec, Canada, in a town of just 5,000 people. It was a conventional upbringing in a conventional home; my father was a carpenter and my mother a homemaker - but both were very creative. I felt I had a blessed childhood despite its modesty. I am told that at the age of six, however, I announced that I wanted to design houses and buildings and I never deviated from that.

Were you keen to escape your small-town roots? I didn't move too far from home when I was young; there was little opportunity and, as we spoke only French, travel was limited. I went to study architecture at the University of Montreal and then started travelling with a passion. I was fortunate to graduate top of my class and received a grant to study in Copenhagen. While there I fell in love with Europe - and a lot of my architecture takes on elements of classical European design.

Where do you live now? Mainly in Malibu, California, with my partner and our nine-year-old daughter. Our house stands on a cliff-top with panoramic ocean views and is very special. Much of the design incorporates timber from a 100-year-old barn I bought from a farmer in my old hometown and being able to use it in our everyday lives makes the childhood memories flood back. We also have a ski chalet in Mammoth Lakes, California, and a cottage on a lake in Quebec.

Do you have a favourite among your houses? I love them equally in different ways: the spectacular views and vast open spaces that surround the Malibu house; the fabulous mountains at Mammoth that we can reach in just a couple of hours' drive; and the house in Quebec is a wonderful place to bond with family and lifelong friends. The location was so important when choosing all of the houses, as was the spatial flow of the house - openness and a high level of privacy is a common bond they all share.

Have you changed much about your houses over the years? We put a lot of thought into our present and future needs when we built the houses so there has been no real need. For instance, we knew we were going to have children so our daughter's room was planned before she was born. It's very comfortable and we're not precious about it - the floors are concrete and our daughter happily rides her bike around; it was never intended to be a showpiece.

Do you and your partner share the same tastes? My taste is contemporary while my partner's is more traditional - every home we have built has been a hybrid of our tastes and pushed each of us to think outside our comfort level. It helps that I work like that professionally; our clients are often couples with vastly differing tastes and our task is to find out how to accommodate both.

What is your favourite room in your house? It's a close call between my gym - a very comfortable space that allows me to totally unwind - and our Great Room with its 36-foot ceiling and huge wall of glass. It's where we watch TV, dine and entertain. We designed the house so that everything gravitates towards that room and it's such a warm, cosy space despite its volume.

And your favourite room ever? That would be the open porch at the lake house in Quebec simply because of its peacefulness and the connection with loved ones. I get up in the morning and enjoy my latte there when the lake is quiet, then have lunch or dinner there with family and friends. The connection to that "room" goes far beyond bricks and mortar.

What for you is the difference between a house and a home? All the memories make my house a home - and because of that it's the place that, no matter where I am in the world, I can't wait to come back to. A house becomes a home when it allows you to feel secure, safe and comfortable.

What to you is the meaning of luxury in relation to your homes? Luxury is so relative. I live in a world where I create extreme homes for wealthy clients, and people ask me why anyone needs a home of 50,000 square feet; to that I say why does anyone even need a home of 3,000 square feet? Our Malibu house is 5,000 square feet and for us that means the luxury of having a gym and for my daughter to have a room large enough for space to study and play her piano. It's nice to have those things but we are not a slave to them.

Dubai World Cup prize money

Group 1 (Purebred Arabian) 2000m Dubai Kahayla Classic - $750,000
Group 2 1,600m(Dirt) Godolphin Mile - $750,000
Group 2 3,200m (Turf) Dubai Gold Cup – $750,000
Group 1 1,200m (Turf) Al Quoz Sprint – $1,000,000
Group 2 1,900m(Dirt) UAE Derby – $750,000
Group 1 1,200m (Dirt) Dubai Golden Shaheen – $1,500,000
Group 1 1,800m (Turf) Dubai Turf –  $4,000,000
Group 1 2,410m (Turf) Dubai Sheema Classic – $5,000,000
Group 1 2,000m (Dirt) Dubai World Cup– $12,000,000

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Company%20Profile
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Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

The Kites

Romain Gary

Penguin Modern Classics

Spare

Profile

Company name: Spare

Started: March 2018

Co-founders: Dalal Alrayes and Saurabh Shah

Based: UAE

Sector: FinTech

Investment: Own savings. Going for first round of fund-raising in March 2019

TECH%20SPECS%3A%20APPLE%20WATCH%20SERIES%209
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Museum of the Future in numbers
  •  78 metres is the height of the museum
  •  30,000 square metres is its total area
  •  17,000 square metres is the length of the stainless steel facade
  •  14 kilometres is the length of LED lights used on the facade
  •  1,024 individual pieces make up the exterior 
  •  7 floors in all, with one for administrative offices
  •  2,400 diagonally intersecting steel members frame the torus shape
  •  100 species of trees and plants dot the gardens
  •  Dh145 is the price of a ticket
Match info

Costa Rica 0

Serbia 1
Kolarov (56')

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

Ballon d’Or shortlists

Men

Sadio Mane (Senegal/Liverpool), Sergio Aguero (Aregentina/Manchester City), Frenkie de Jong (Netherlans/Barcelona), Hugo Lloris (France/Tottenham), Dusan Tadic (Serbia/Ajax), Kylian Mbappe (France/PSG), Trent Alexander-Arnold (England/Liverpool), Donny van de Beek (Netherlands/Ajax), Pierre-Emerick Aubameyang (Gabon/Arsenal), Marc-Andre ter Stegen (Germany/Barcelona), Cristiano Ronaldo (Portugal/Juventus), Alisson (Brazil/Liverpool), Matthijs de Ligt (Netherlands/Juventus), Karim Benzema (France/Real Madrid), Georginio Wijnaldum (Netherlands/Liverpool), Virgil van Dijk (Netherlands/Liverpool), Bernardo Silva (Portugal/Manchester City), Son Heung-min (South Korea/Tottenham), Robert Lewandowski (Poland/Bayern Munich), Roberto Firmino (Brazil/Liverpool), Lionel Messi (Argentina/Barcelona), Riyad Mahrez (Algeria/Manchester City), Kevin De Bruyne (Belgium/Manchester City), Kalidou Koulibaly (Senegal/Napoli), Antoine Griezmann (France/Barcelona), Mohamed Salah (Egypt/Liverpool), Eden Hazard (BEL/Real Madrid), Marquinhos (Brazil/Paris-SG), Raheem Sterling (Eengland/Manchester City), Joao Félix(Portugal/Atletico Madrid)

Women

Sam Kerr (Austria/Chelsea), Ellen White (England/Manchester City), Nilla Fischer (Sweden/Linkopings), Amandine Henry (France/Lyon), Lucy Bronze(England/Lyon), Alex Morgan (USA/Orlando Pride), Vivianne Miedema (Netherlands/Arsenal), Dzsenifer Marozsan (Germany/Lyon), Pernille Harder (Denmark/Wolfsburg), Sarah Bouhaddi (France/Lyon), Megan Rapinoe (USA/Reign FC), Lieke Martens (Netherlands/Barcelona), Sari van Veenendal (Netherlands/Atletico Madrid), Wendie Renard (France/Lyon), Rose Lavelle(USA/Washington Spirit), Marta (Brazil/Orlando Pride), Ada Hegerberg (Norway/Lyon), Kosovare Asllani (Sweden/CD Tacon), Sofia Jakobsson (Sweden/CD Tacon), Tobin Heath (USA/Portland Thorns)

 

 

Company%20profile
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Brief scoreline:

Tottenham 1

Son 78'

Manchester City 0

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 specs: 2017 GMC Sierra 1500 Denali

Price, base / as tested Dh207,846 / Dh220,000

Engine 6.2L V8

Transmission Eight-speed automatic

Power 420hp @ 5,600rpm

Torque 624Nm @ 4,100rpm

Fuel economy, combined 13.5L / 100km