Melinki Lifestyle 8 wallpaper. Courtesy of Scion
Melinki Lifestyle 8 wallpaper. Courtesy of Scion
Melinki Lifestyle 8 wallpaper. Courtesy of Scion
Melinki Lifestyle 8 wallpaper. Courtesy of Scion

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The Hot List: define your space with fine prints

Rejuvenate your interior with these fun, colourful designs.

Helen McLaughlin

August 24, 2012

  • English
  • Arabic

Retro revival

Scion's range of affordable fabrics and wallpapers was launched earlier this year and has already become a big hit on the pages of interiors magazines. The Melinki collection, with its graphic motifs, sharp geometrics and retro colours, was inspired by midcentury colours and Scandinavian prints, and every one is a winner.

Scion is stocked in a selection of independent decorating stores in Dubai and Abu Dhabi. For a full list visit www.scion.uk.com/where-to-buy

Pop Corn

New in at Crate & Barrel, this screen-printed tea towel - one of a range of all-American harvest-themed kitchen fabrics - is good enough to frame. The rows of corn, in pop art style yellow, green and blue polka dots, will create a cheap, cheerful piece of kitchen art.

Dh19, Crate & Barrel, Mall of the Emirates

Hot wax

Why stop at coordinating napkins and table runners at your dinner party table? The Point a la Ligne candle collection, new in at Bloomingdale's Home, includes dripless taper candles are available in 36 stylish shades so you should fine one to suit your scheme. If you're going for a pretty, feminine look, check out the range or floral designs, including rose, lotus and water lily.

From Dh20, Bloomingdale's Home, Dubai Mall

Bunny bag

We're big fans of the British label Anorak, so it's excellent news that its homeware and outdoor accessories are now on sale in Dubai's Harvest Home. Start your collection with this smart rabbit print purse - a make-up bag, wash bag or the coolest pencil case in class.

Dh60, Harvest Home, Jumeirah Centre, Dubai

Easy accents

Ikea has been full of pleasant surprises this year, and the latest is the lovely new Malin collection, a coordinated range of rugs, curtains and cushions in soft, muted tones that can be used to introduce subtle, fuss-free colour to a neutral scheme. Look out in particular for the Malin Figur cushion - it's set to be a ubiquitous, bestselling classic.

Dh39, Ikea Yas Island

The Specs:

The Specs:

Engine: 2.9-litre, V6 twin-turbo

Transmission: 8-speed automatic

Power: 444bhp

Torque: 600Nm

Price: AED 356,580 incl VAT

On sale: now.

SQUADS

Pakistan: Sarfraz Ahmed (capt), Azhar Ali, Shan Masood, Sami Aslam, Babar Azam, Asad Shafiq, Haris Sohail, Usman Salahuddin, Yasir Shah, Mohammad Asghar, Bilal Asif, Mir Hamza, Mohammad Amir, Hasan Ali, Mohammad Abbas, Wahab Riaz

Sri Lanka: Dinesh Chandimal (capt), Lahiru Thirimanne (vice-capt), Dimuth Karunaratne, Kaushal Silva, Kusal Mendis, Sadeera Samarawickrama, Roshen Silva, Niroshan Dickwella, Rangana Herath, Lakshan Sandakan, Dilruwan Perera, Suranga Lakmal, Nuwan Pradeep, Vishwa Fernando, Lahiru Gamage

Umpires: Ian Gould (ENG) and Nigel Llong (ENG)
TV umpire: Richard Kettleborough (ENG)
ICC match referee: Andy Pycroft (ZIM)

How the bonus system works

The two riders are among several riders in the UAE to receive the top payment of £10,000 under the Thank You Fund of £16 million (Dh80m), which was announced in conjunction with Deliveroo's £8 billion (Dh40bn) stock market listing earlier this year.

The £10,000 (Dh50,000) payment is made to those riders who have completed the highest number of orders in each market.

There are also riders who will receive payments of £1,000 (Dh5,000) and £500 (Dh2,500).

All riders who have worked with Deliveroo for at least one year and completed 2,000 orders will receive £200 (Dh1,000), the company said when it announced the scheme.

While you're here
More from Firas Maksad
If you go

The flights
Emirates and Etihad fly direct to Nairobi, with fares starting from Dh1,695. The resort can be reached from Nairobi via a 35-minute flight from Wilson Airport or Jomo Kenyatta International Airport, or by road, which takes at least three hours.

The rooms
Rooms at Fairmont Mount Kenya range from Dh1,870 per night for a deluxe room to Dh11,000 per night for the William Holden Cottage.

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.”

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