The interior of the pad in the SATC film is bound to make design anthropology.
The interior of the pad in the SATC film is bound to make design anthropology.

Embracing film, rejecting fakes



Never mind the fashion and the Morocco-based "Abu Dhabi" locations ... it's the interiors or, more specifically, Carrie and Big's new Fifth Avenue apartment that I want to clock, in the new SATC film. How Carrie has interpreted their status as a couple through the apartment's decor will be a fascinating piece of design anthropology. From what I've seen online, the result is a grown-up pad, such as you would expect from the suited and booted Big, with splashes of typical Carrie eccentricity. The living room is dominated by a bold velvet sofa and a coffee table - which is, in fact, a huge tray, that is deep enough to accommodate books displayed vertically. Nifty. I love the quirky blue tiling (from a distance, it looks like the sea) in the fabulously mid-century style kitchen. Their bedroom is more classical, with damask wallpaper (by Cole & Son) and the Hallings Secretary (used as a desk-cum-television stand) - a piece that is lusted over by interior designers for its slanted proportions and chic pale exterior - dark interior contrast. But the scene stealer is bound to be Carrie's wardrobe - she is sharing now - so it's a dark wood finish for him and bright white for her. Says it all, really.

The finishing touches are being given to London's most expensive, recession-snubbing residential development, One Hyde Park (which the UK's Royal Mail postal service refuses to recognise, insisting it is 100 Knightsbridge). Developed by Candy & Candy (who are currently suing Qatari Diar for £81 million for breach of contract over another project), these guys have built their reputation on providing an ultra-slick, gadget-laden aesthetic: think Rollerball meets 007. The first to introduce biometric reading (fingerprint-recognition) door locks into the UK, Nick Candy once memorably commented: "If you're running your own bath and drawing your own curtains, you're living in the past." The company's innovation team has developed new technology for One Hyde Park, including TVs that recede into the walls, to be replaced by mirrors or pictures; refrigerated ceilings to eliminate the annoying whirr of air conditioning (why haven't developers thought of having that here?) and a mirror in the walk-in wardrobes that films you as you rotate in front of it, and then plays a close-up of your back view. Er, in the Land of Denial, I'm happy to forgo that one.

With its pantheon of design classics, by such greats as Mies van der Rohe, Eero Saarinen and Warren Platner, Knoll is a renowned victim of copycats. So to launch its new London HQ, the furniture company staged The Fakes Debate. Such a hot potato was guaranteed to pack out the showroom. The crux of the matter is that with today's fickle market constantly demanding novelty, and innovation seen as high risk, copying is an easier path. And at the click of a mouse, you have instant reach. But to have an inventive society, we need originals and the rewards of making it. Design must be protected, so that the incentive for creatives remains. "You can't copy something you don't fundamentally understand," explained the great Ross Lovegrove, who pointed out how architects went wrong attempting to imitate the maxim of Le Corbusier. "They should copy the knowledge, not the object," said Abraham Thomas, the curator of design at the V&A Museum. "When things mutate they lose their spirit," Lovegrove continued. "When I look at the copy of my Moroso chair ... it's like looking at an old friend who's had plastic surgery." The conclusion? Now is the time to take risks.

Egypt has beaten the UAE in establishing the region's first design festival with +20 Egypt Design. Organised in collaboration with Design Partners (who are behind the successful Zona Tortona event in Milan), it coincides with the country's furniture trade show, Furnex (now until June 7). Located in Cairo's renovated Old Town the district's shops, mosques and museums make a special backdrop for the event, which comprises a series of installations in three town houses, curated by the Italian designer Paola Navone and a products showcase, featuring some of the best Egyptian design companies alongside international brands. Since the establishment of the London Design Festival in 2003, design festivals have been popping up in cities around the world as governments cotton on to the fact that design and creativity can boost business - particularly vital in today's economic climate, when the financial industry has so badly scuppered things.

Yvonne Courtney is a design writer and consultant, and the co-founder of online magazine designtastic

Europe’s rearming plan
  • Suspend strict budget rules to allow member countries to step up defence spending
  • Create new "instrument" providing €150 billion of loans to member countries for defence investment
  • Use the existing EU budget to direct more funds towards defence-related investment
  • Engage the bloc's European Investment Bank to drop limits on lending to defence firms
  • Create a savings and investments union to help companies access capital

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

Engine: 5.0-litre V8

Power: 480hp at 7,250rpm

Torque: 566Nm at 4,600rpm

Transmission: 10-speed auto

Fuel consumption: L/100km

Price: Dh306,495

On sale: now

THE BIO

Bio Box

Role Model: Sheikh Zayed, God bless his soul

Favorite book: Zayed Biography of the leader

Favorite quote: To be or not to be, that is the question, from William Shakespeare's Hamlet

Favorite food: seafood

Favorite place to travel: Lebanon

Favorite movie: Braveheart

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
HWJN
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Milestones on the road to union

1970

October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar. 

December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.

1971

March 1:  Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.

July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.

July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.

August 6:  The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.

August 15: Bahrain becomes independent.

September 3: Qatar becomes independent.

November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.

November 29:  At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.

November 30: Despite  a power sharing agreement, Tehran takes full control of Abu Musa. 

November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties

December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.

December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.

December 9: UAE joins the United Nations.

PREMIER LEAGUE FIXTURES

Tuesday (UAE kick-off times)

Leicester City v Brighton (9pm)

Tottenham Hotspur v West Ham United (11.15pm)

Wednesday

Manchester United v Sheffield United (9pm)

Newcastle United v Aston Villa (9pm)

Norwich City v Everton (9pm)

Wolves v Bournemouth (9pm)

Liverpool v Crystal Palace (11.15pm)

Thursday

Burnley v Watford (9pm)

Southampton v Arsenal (9pm)

Chelsea v Manchester City (11.15pm)

2025 Fifa Club World Cup groups

Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.

Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.

Group D: Flamengo, ES Tunis, Chelsea, Leon.

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

Group G: Manchester City, Wydad, Al Ain, Juventus.

Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.