• Tibi embraces fluid shapes for spring/summer 2023. Photo: Gorunway
    Tibi embraces fluid shapes for spring/summer 2023. Photo: Gorunway
  • Built around day to night dressing, the new Dion Lee collection is as chic as it is tough. Photo: Gorunway
    Built around day to night dressing, the new Dion Lee collection is as chic as it is tough. Photo: Gorunway
  • For spring/summer, Thakoon leans into masculine styles for women. Photo: Thakoon
    For spring/summer, Thakoon leans into masculine styles for women. Photo: Thakoon
  • New York brand Anonlychild upgrades a classic suit with a lace bodysuit underneath. Photo: Gorunway
    New York brand Anonlychild upgrades a classic suit with a lace bodysuit underneath. Photo: Gorunway
  • With dramatic shapes that draw attention to different parts of the body, Prabal Gurung's show was about the recent overturning of Roe v Wade in the US. AFP
    With dramatic shapes that draw attention to different parts of the body, Prabal Gurung's show was about the recent overturning of Roe v Wade in the US. AFP
  • While the leaf theme was sometimes too literal at Dion Lee, it did produce these fabulous boots, worn folded. Photo: Gorunway
    While the leaf theme was sometimes too literal at Dion Lee, it did produce these fabulous boots, worn folded. Photo: Gorunway
  • For its 25th anniversary, Tibi pairs a simple slip top with a ankle-length skirt. Photo: Gorunway
    For its 25th anniversary, Tibi pairs a simple slip top with a ankle-length skirt. Photo: Gorunway
  • Thakoon subverts masculine codes for spring/summer, adding elements such as smocking. Photo: Thakoon
    Thakoon subverts masculine codes for spring/summer, adding elements such as smocking. Photo: Thakoon
  • Inspired by the designer's Jamaica-infused upbringing, Anonlychild's new collection is about easy luxury. Photo: Gorunway
    Inspired by the designer's Jamaica-infused upbringing, Anonlychild's new collection is about easy luxury. Photo: Gorunway
  • Precise cutting at Prabal Gurung nods to the complex issues around Roe v Wade for spring/summer 2023. Photo: Gorunway
    Precise cutting at Prabal Gurung nods to the complex issues around Roe v Wade for spring/summer 2023. Photo: Gorunway

New York Fashion Week day two: Prabal Gurung, Thakoon and Dion Lee among highlights


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The mood during day two at New York Fashion Week on Saturday was somewhat dampened by the death of Queen Elizabeth II.

However, though London Fashion Week, which starts on Friday, is expected to be affected to a greater degree, the schedule at the New York contingent was largely uninterrupted.

Big names mixed with newcomers to offer fresh ideas for spring/summer 2023.

Here are some of the highlights.

Anonlychild

Anonlychild by Maxwell Osbourne offers easy glamour in Jamaican-inspired jewel tones. Photo: Gorunway
Anonlychild by Maxwell Osbourne offers easy glamour in Jamaican-inspired jewel tones. Photo: Gorunway

Newcomer Anonlychild is headed by Public School's Maxwell Osborne, marking his return to New York. With its second season, the collection is shaped by Osborne's own American-Jamaican upbringing, as seen in the vivid jewel tones of mustard, purple and dark forest green.

Best of all, it also offered an easy, almost relaxed take on luxe, with glossy satin blouses tucked loosely into trousers, and lace bodysuits worn under suiting separates. Laid back, well-cut and with that vivid palette, it is a great start.

Prabal Gurung

Sharp tailoring at Prabal Gurung, for spring/summer 2023. AFP
Sharp tailoring at Prabal Gurung, for spring/summer 2023. AFP

Nepalese-American designer Prabal Gurung made his name with skillful cutting that reflects social issues and he has once again delivered a starkly beautiful collection, one that nods to the recent overturning of Roe v Wade in the US.

Gurung offers sharp silhouettes that follow every curve of the female form, contrasted against loose, diaphanous chiffon that is left to slide off shoulders and expose skin. Taken separately, there are some lovely pieces, such as the super high-waisted, wide-cut trousers worn with a crisp bolero jacket, yet as a whole becomes a critique of the power of the male gaze.

Thakoon

Striped shirting is featured throughout Thakoon's newest collection. Photo: Thakoon
Striped shirting is featured throughout Thakoon's newest collection. Photo: Thakoon

With a presentation rather than a runway show, Thakoon delivered a concise but thoughtful collection. Using masculine codes, such as striped shirting, throughout, this was given a new twist via smocking and the summery holes of broderie anglaise.

The result? A light, loose fitting array of shirt dresses worn semi-open over pyjama trousers, off-the-shoulder tops teamed with wide shorts, and shift dresses that feel relaxed and summery.

Tibi

Ice cream tones inspire Tibi this season. Photo: Gorunway
Ice cream tones inspire Tibi this season. Photo: Gorunway

For its 25th anniversary, Tibi embraced pastel, ice cream tones for pieces that are wonderfully laid-back. Offered as simple solutions to the matter of how to always look on point, this materialised as a loose-fit, matching pistachio boxy top and culottes, a plum-toned jersey top worn long over an even longer skirt, and slip tops worn tucked into ankle length skirts in coloured denim.

Dion Lee

Dion Lee's style works from day to night. Photo: Gorunway
Dion Lee's style works from day to night. Photo: Gorunway

Another new name, Australian designer Dion Lee fused club and sportswear in a show that depicts what the cool kids wear for day-to-night dressing.

Brazen and chic, it combines slick tailoring with something softer and more feminine, such as a draped minidress underneath an oversized leather jacket, and loose-on-the-hips cargo pants worn with tiny, neon green cropped tops.

A Swiss cheese plant theme seemed to run through everything. Sometimes it was subtle, such as fitted trousers and cropped jacket with holes neatly carved into the waist, and other times it was also too overt, like in a green leaf dress. It also manifested as full-length, cut leather boots worn folded double.

Celebrities at New York Fashion Week, from Kim Kardashian to Harnaaz Sandhu — in pictures

  • From left, LaLa Anthony, Kim Kardashian, Sarah Jessica Parker and Naomi Watts at a Fendi event at Hammerstein Ballroom, New York, on September 9. Getty Images
    From left, LaLa Anthony, Kim Kardashian, Sarah Jessica Parker and Naomi Watts at a Fendi event at Hammerstein Ballroom, New York, on September 9. Getty Images
  • Grace Jones attends Fendi's event, which marked 25 years of the Baguette bag. Getty Images
    Grace Jones attends Fendi's event, which marked 25 years of the Baguette bag. Getty Images
  • Kate Moss attends Fendi's presentation. Getty Images
    Kate Moss attends Fendi's presentation. Getty Images
  • Pat Cleveland attends the Naeem Khan fashion show at Sony Hall. Getty Images
    Pat Cleveland attends the Naeem Khan fashion show at Sony Hall. Getty Images
  • Harnaaz Sandhu attends the Naeem Khan fashion show. Getty Images
    Harnaaz Sandhu attends the Naeem Khan fashion show. Getty Images
  • Karlie Kloss attends the Proenza Schouler fashion show.
    Karlie Kloss attends the Proenza Schouler fashion show.
  • Irina Shayk attends the Revolve Gallery NYFW Presentation at Hudson Yards. Getty Images
    Irina Shayk attends the Revolve Gallery NYFW Presentation at Hudson Yards. Getty Images
  • American actress Alicia Silverstone at the Christian Siriano show. AP
    American actress Alicia Silverstone at the Christian Siriano show. AP
  • Janet Jackson, second from right, at designer Christian Siriano's show. AP
    Janet Jackson, second from right, at designer Christian Siriano's show. AP
  • Coco Rocha arrives for Harper’s Bazaar Global Icons Portfolio and Bloomingdale’s 150th Anniversary in New York. AFP
    Coco Rocha arrives for Harper’s Bazaar Global Icons Portfolio and Bloomingdale’s 150th Anniversary in New York. AFP
Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

CHATGPT%20ENTERPRISE%20FEATURES
%3Cp%3E%E2%80%A2%20Enterprise-grade%20security%20and%20privacy%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Unlimited%20higher-speed%20GPT-4%20access%20with%20no%20caps%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Longer%20context%20windows%20for%20processing%20longer%20inputs%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Advanced%20data%20analysis%20capabilities%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Customisation%20options%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Shareable%20chat%20templates%20that%20companies%20can%20use%20to%20collaborate%20and%20build%20common%20workflows%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Analytics%20dashboard%20for%20usage%20insights%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Free%20credits%20to%20use%20OpenAI%20APIs%20to%20extend%20OpenAI%20into%20a%20fully-custom%20solution%20for%20enterprises%3C%2Fp%3E%0A
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

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 Vile

Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah

Director: Majid Al Ansari

Rating: 4/5

Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

Available: Now

The specs: 2018 Nissan Altima


Price, base / as tested: Dh78,000 / Dh97,650

Engine: 2.5-litre in-line four-cylinder

Power: 182hp @ 6,000rpm

Torque: 244Nm @ 4,000rpm

Transmission: Continuously variable tranmission

Fuel consumption, combined: 7.6L / 100km

Company profile

Date started: December 24, 2018

Founders: Omer Gurel, chief executive and co-founder and Edebali Sener, co-founder and chief technology officer

Based: Dubai Media City

Number of employees: 42 (34 in Dubai and a tech team of eight in Ankara, Turkey)

Sector: ConsumerTech and FinTech

Cashflow: Almost $1 million a year

Funding: Series A funding of $2.5m with Series B plans for May 2020

The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

Getting%20there%20
%3Cp%3E%3Ca%20href%3D%22https%3A%2F%2Fwww.thenationalnews.com%2Ftravel%2F2023%2F01%2F12%2Fwhat-does-it-take-to-be-cabin-crew-at-one-of-the-worlds-best-airlines-in-2023%2F%22%20target%3D%22_self%22%3EEtihad%20Airways%20%3C%2Fa%3Eflies%20daily%20to%20the%20Maldives%20from%20Abu%20Dhabi.%20The%20journey%20takes%20four%20hours%20and%20return%20fares%20start%20from%20Dh3%2C995.%20Opt%20for%20the%203am%20flight%20and%20you%E2%80%99ll%20land%20at%206am%2C%20giving%20you%20the%20entire%20day%20to%20adjust%20to%20island%20time.%20%C2%A0%3C%2Fp%3E%0A%3Cp%3ERound%20trip%20speedboat%20transfers%20to%20the%20resort%20are%20bookable%20via%20Anantara%20and%20cost%20%24265%20per%20person.%20%C2%A0%3C%2Fp%3E%0A
Allardyce's management career

Clubs (10) - Limerick (1991-1992), Perston North End (1992), Blackpool (1994-1996), Notts County (1997-1999), Bolton Wanderers (1999-2007), Newcastle United (2007-2008), Blackburn Rovers (2008-2010), West Ham United (2011-2015), Sunderland (2016), Crystal Palace (2016-2017)

Countries (1) - England (2016)

info-box

COMPANY PROFILE

Company name: Happy Tenant

Started: January 2019

Co-founders: Joe Moufarrej and Umar Rana

Based: Dubai

Sector: Technology, real-estate

Initial investment: Dh2.5 million

Investors: Self-funded

Total customers: 4,000

Yahya Al Ghassani's bio

Date of birth: April 18, 1998

Playing position: Winger

Clubs: 2015-2017 – Al Ahli Dubai; March-June 2018 – Paris FC; August – Al Wahda

Essentials

The flights
Etihad and Emirates fly direct from the UAE to Delhi from about Dh950 return including taxes.
The hotels
Double rooms at Tijara Fort-Palace cost from 6,670 rupees (Dh377), including breakfast.
Doubles at Fort Bishangarh cost from 29,030 rupees (Dh1,641), including breakfast. Doubles at Narendra Bhawan cost from 15,360 rupees (Dh869). Doubles at Chanoud Garh cost from 19,840 rupees (Dh1,122), full board. Doubles at Fort Begu cost from 10,000 rupees (Dh565), including breakfast.
The tours 
Amar Grover travelled with Wild Frontiers. A tailor-made, nine-day itinerary via New Delhi, with one night in Tijara and two nights in each of the remaining properties, including car/driver, costs from £1,445 (Dh6,968) per person.

De De Pyaar De

Produced: Luv Films, YRF Films
Directed: Akiv Ali
Cast: Ajay Devgn, Tabu, Rakul Preet Singh, Jimmy Sheirgill, Jaaved Jaffrey
Rating: 3.5/5 stars

WHAT IS A BLACK HOLE?

1. Black holes are objects whose gravity is so strong not even light can escape their pull

2. They can be created when massive stars collapse under their own weight

3. Large black holes can also be formed when smaller ones collide and merge

4. The biggest black holes lurk at the centre of many galaxies, including our own

5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed

A timeline of the Historical Dictionary of the Arabic Language
  • 2018: Formal work begins
  • November 2021: First 17 volumes launched 
  • November 2022: Additional 19 volumes released
  • October 2023: Another 31 volumes released
  • November 2024: All 127 volumes completed
French business

France has organised a delegation of leading businesses to travel to Syria. The group was led by French shipping giant CMA CGM, which struck a 30-year contract in May with the Syrian government to develop and run Latakia port. Also present were water and waste management company Suez, defence multinational Thales, and Ellipse Group, which is currently looking into rehabilitating Syrian hospitals.

Dengue%20fever%20symptoms
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Asia Cup Qualifier

Venue: Kuala Lumpur

Result: Winners play at Asia Cup in Dubai and Abu Dhabi in September

Fixtures:

Wed Aug 29: Malaysia v Hong Kong, Nepal v Oman, UAE v Singapore

Thu Aug 30: UAE v Nepal, Hong Kong v Singapore, Malaysia v Oman

Sat Sep 1: UAE v Hong Kong, Oman v Singapore, Malaysia v Nepal

Sun Sep 2: Hong Kong v Oman, Malaysia v UAE, Nepal v Singapore

Tue Sep 4: Malaysia v Singapore, UAE v Oman, Nepal v Hong Kong

Thu Sep 6: Final

 

Asia Cup

Venue: Dubai and Abu Dhabi

Schedule: Sep 15-28

Teams: Afghanistan, Bangladesh, India, Pakistan, Sri Lanka, plus the winner of the Qualifier

Sole survivors
  • Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
  • George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
  • Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
  • Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
FA%20Cup%20semi-final%20draw
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Landfill in numbers

• Landfill gas is composed of 50 per cent methane

• Methane is 28 times more harmful than Co2 in terms of global warming

• 11 million total tonnes of waste are being generated annually in Abu Dhabi

• 18,000 tonnes per year of hazardous and medical waste is produced in Abu Dhabi emirate per year

• 20,000 litres of cooking oil produced in Abu Dhabi’s cafeterias and restaurants every day is thrown away

• 50 per cent of Abu Dhabi’s waste is from construction and demolition

Updated: October 13, 2022, 11:20 AM