Fashion editors don't like January. For us, the first month of the year is a sorry old no-man's land stuck somewhere between party season and the need to cut back, a time for austerity. This January, however, is a little different. It is, and I say this with a skip in my step, time to upscale - to break the normal January taboos that surround the dress code at this time and continue full throttle ahead with the glitz and the glamour we normally leave behind as the party season draws to an end.
Think something a bit Joan Collins, although leaning more towards Joan in business class if we are to be precise. All teetering on the edge of bad taste, no doubt, but that's part of the fun when it comes to sparkles, high shine and decadent detailing.
Fashion: The National dresses
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The runways were bursting with metallic, gold and silver shades, so there will be no shortage on the high street. Look for deep velvets and rich suede, gold threading, silver zipper details and quilted fabric manipulation for inspiration. Molten colour is at the forefront, especially silver, which will carry through to your summer wardrobe. But if top to toe is a little too much, then play around with accessories instead. Chanel's silver ankle boots will be seen on every celebrity going, while Fendi's gold eyeshadow caused such a storm it almost took away from the show itself. For something more suitable for daytime, silver looks fantastic when paired with nude shades, although be careful to avoid accessories in cheap, foil-like materials. Fluid silks dotted with sequins add a softer face to the trend, as will simple cuts and symmetric shapes.
While I am normally terribly happy in encouraging all ages to play around and experiment, the bottom line is that there are boundaries when it comes to high-octane dressing. Not perhaps as strict as we often think, but use your common sense - a 40-something in an off the shoulder gold lamé number will perhaps appear a little daft. As I have explained many times, there is a fine line between opulence and vulgarity; learning when we are able to cross it is when fashion gets really interesting. Like most things in life, confidence is everything. My general rule of thumb is if you stop more than once in the mirror before leaving the house to readjust an item of clothing - be it pulling it down or shuffling it around to find a more comfortable position - it is never going to work.
We must look like we believe in what we are doing indefinitely, or run the risk of failing catastrophically. There is nothing worse than appearing like an Eighties soap star when we aren't quite feeling like one.
M-Ometer
This week's high and lows
WONDERFUL WU Jason Wu is to receive the Future of Fashion Award in January from the YMA Fashion Scholarship Fund.
SHADED LADIES Visors cannot be S/S 2012's new trend. We refuse to accept it.
TWO-TONE POUT Models at Prabal Gurung donned bright pink lips with a smudge of a dark shade in the centre.
PYTHON OVERDOSE Don't even think about pairing your (already horrid) bum bag with a matching printed dress. Not good on just anyone.
SUI GENERIS The San Francisco high-end designer store that stocks new and vintage pieces just launched its online shop, stocking brands such as Alaïa, Chanel and Balenciaga.
UAE currency: the story behind the money in your pockets
THE SPECS
Engine: 3.5-litre V6
Transmission: six-speed manual
Power: 325bhp
Torque: 370Nm
Speed: 0-100km/h 3.9 seconds
Price: Dh230,000
On sale: now
The specs
AT4 Ultimate, as tested
Engine: 6.2-litre V8
Power: 420hp
Torque: 623Nm
Transmission: 10-speed automatic
Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)
On sale: Now
MATCH INFO
Bangla Tigers 108-5 (10 ovs)
Ingram 37, Rossouw 26, Pretorius 2-10
Deccan Gladiators 109-4 (9.5 ovs)
Watson 41, Devcich 27, Wiese 2-15
Gladiators win by six wickets
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.”
COMPANY%20PROFILE
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Mercedes-AMG GT 63 S E Performance: the specs
Engine: 4.0-litre twin-turbo V8 plus rear-mounted electric motor
Power: 843hp at N/A rpm
Torque: 1470Nm N/A rpm
Transmission: 9-speed auto
Fuel consumption: 8.6L/100km
On sale: October to December
Price: From Dh875,000 (estimate)
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EQureos%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EUAE%0D%3Cbr%3E%3Cstrong%3ELaunch%20year%3A%20%3C%2Fstrong%3E2021%0D%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%20%3C%2Fstrong%3E33%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3ESoftware%20and%20technology%0D%3Cbr%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3E%243%20million%0D%3Cbr%3E%3C%2Fp%3E%0A
City's slump
L - Juventus, 2-0
D - C Palace, 2-2
W - N Forest, 3-0
L - Liverpool, 2-0
D - Feyenoord, 3-3
L - Tottenham, 4-0
L - Brighton, 2-1
L - Sporting, 4-1
L - Bournemouth, 2-1
L - Tottenham, 2-1
More coverage from the Future Forum
Tips for job-seekers
- Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
- Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.
David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East
Day 1 results:
Open Men (bonus points in brackets)
New Zealand 125 (1) beat UAE 111 (3)
India 111 (4) beat Singapore 75 (0)
South Africa 66 (2) beat Sri Lanka 57 (2)
Australia 126 (4) beat Malaysia -16 (0)
Open Women
New Zealand 64 (2) beat South Africa 57 (2)
England 69 (3) beat UAE 63 (1)
Australia 124 (4) beat UAE 23 (0)
New Zealand 74 (2) beat England 55 (2)