Luxury fashion house Louis Vuitton presented its autumn/winter 2022 menswear collection at Paris Fashion Week on Thursday – the last by late designer Virgil Abloh – bringing down the curtain on an extraordinary era.
At the helm of Louis Vuitton’s menswear for eight seasons, the designer, who died of cancer in November aged only 41, managed to stage something of a coup during that short time, bringing in dazzling ideas and a sense of streetwise fearlessness to the house.
Abloh's collection, named Louis Dreamhouse, was unveiled on a stage scattered with the remnants of a home. A staircase, an empty bed and even a long dining table lay around, while above it all hung a clock, stopped at 8pm. In true Abloh style, the show used both models and dancers – almost 90 in total – to create a living tableau and deliver looks that ranged from the sharpest of tailoring to renegade streetwear.
Abloh was fastidious about recording every facet of his ideas, as if aware his time for getting his vision across was limited. The show was accompanied by 38 pages of notes packed with ideas, drawings and quotes. One, in particular, summed up his hybrid approach for Louis Vuitton, blending suiting with streetwear.
“Is a man in tailoring trustworthy? Is a man in ‘streetwear’ less trustworthy? Does a man, who wears a suit by day, rave in a tracksuit by night?” he asked.
Adept at looking past traditional boundaries and with an unnerving instinct for grabbing attention, in this final show, Abloh sent out a bag shaped like a bouquet of flowers, sharp-shouldered dandies, long velvet skirts and even closed the show with "bridal" looks, in which male models wore hooped skirts and veils. Yet, in between, came the real treasures.
There was a beautifully cut, button-down coat in burnt chocolate, finished with a gleaming jewel and lilac shirt; a tracksuit jacket exploded out into a side fastening coat, complete with trailing sleeves; and a loose tracksuit rendered in lush, plush velvet, with huge pockets on the shins.
There was a silk velvet jacket worn over a floral patterned shirt and trousers, and a series of looks made from Italian artist Giorgio de Chirico’s work The Melancholy of Departure, because, according to Abloh, it summed up “the principle that ‘old’ ideas should be invigorated with value and presented alongside the ‘new,’ because both are equal in worth.”
Abloh sent out looks finished with giant angel wings, or adorned with a sketched grim reaper, as a bleak reminder of the relentless, ticking clock we all face.
As this final collection was revealed, to a soundtrack by Tyler, the Creator, and played by the Chineke! Orchestra, it was impossible not to be aware of the huge talent we have lost in Abloh.
Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
- Do not leave electric scooter in locations that obstruct traffic or pedestrians
- Solo riders only, no passengers allowed
- Do not drive outside designated lanes
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UAE currency: the story behind the money in your pockets
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The candidates
Dr Ayham Ammora, scientist and business executive
Ali Azeem, business leader
Tony Booth, professor of education
Lord Browne, former BP chief executive
Dr Mohamed El-Erian, economist
Professor Wyn Evans, astrophysicist
Dr Mark Mann, scientist
Gina MIller, anti-Brexit campaigner
Lord Smith, former Cabinet minister
Sandi Toksvig, broadcaster
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Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
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BIG SPENDERS
Premier League clubs spent £230 million (Dh1.15 billion) on January transfers, the second-highest total for the mid-season window, the Sports Business Group at Deloitte said in a report.
Takreem Awards winners 2021
Corporate Leadership: Carl Bistany (Lebanon)
Cultural Excellence: Hoor Al Qasimi (UAE)
Environmental Development and Sustainability: Bkerzay (Lebanon)
Environmental Development and Sustainability: Raya Ani (Iraq)
Humanitarian and Civic Services: Women’s Programs Association (Lebanon)
Humanitarian and Civic Services: Osamah Al Thini (Libya)
Excellence in Education: World Innovation Summit for Education (WISE) (Qatar)
Outstanding Arab Woman: Balghis Badri (Sudan)
Scientific and Technological Achievement: Mohamed Slim Alouini (KSA)
Young Entrepreneur: Omar Itani (Lebanon)
Lifetime Achievement: Suad Al Amiry (Palestine)
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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
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Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
Available: Now
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions