Morocco was an immense source of inspiration for Yves Saint Laurent’s creations. Born in neighbouring Algeria to French parents, the fashion designer grew up in the seaside city of Oran before moving to Paris at the age of 18.
In 1966, aged 30, Saint Laurent rekindled his love of North Africa during a visit to Marrakesh. He began to travel to Morocco twice a year – in December and June – to design his collections, often inspired by the vibrant colours of the city.
In 1980, Saint Laurent purchased his first Moroccan property in Marrakesh, the Villa Oasis, which has now been transformed into a museum celebrating his life and career. Seventeen years later, the designer purchased a hilltop villa in Tangier overlooking the Strait of Gibraltar. The property became a holiday home, a sanctuary of peace and an inspiration for many of his collections.
Today, this design sanctuary, named Villa Mabrouka, is open to the public after being purchased by Jasper Conran. The British fashion designer, whose love for interiors runs deep, has restored the 1940s house, transforming it into a 12-suite hotel with glorious ocean views. Surrounded by enchanting gardens, the house has retained many of the design details introduced by Saint Laurent and Pierre Berge, who co-founded fashion house Yves Saint Laurent, but Conran has elevated it to become a luxury destination.
“One step through Villa Mabrouka’s heavy carved wooden doors and into the gardens, you are immediately transported to the feeling of being in paradise,” Conran says. “I wanted to add my own lifetime of thoughts and expressions in a complementary way.”
Saint Laurent and Berge worked with French interior designer Jacques Grange for the original design, combining traditional Moroccan architecture with lush gardens and greenery. Curved archways and high ceilings stand out against the geometric exterior, creating a unique appearance.
Conran’s redesign has embraced the clean-lined simplicity of the house’s 1940s modernist architecture, combining it with the quiet eccentricity of an English country house and a touch of the romance and magic of the Riviera’s early 20th-century golden era of travel. His own contemporary taste for refined understatement and exquisite craftsmanship can also be seen throughout.
The designer invested extensively in the modernisation of Villa Mabrouka’s infrastructure. Upgraded roofing, electrics, plumbing and underground services have elevated the property to the standard expected of luxury boutique hotels today. He has also added new guest rooms, garden cottages and restaurants.
The three dining destinations feature menus that emphasise the use of fresh ingredients infused with unique blends of Moroccan spices. A new rooftop terrace, coffee bar, second swimming pool and a hammam complete the property, as well as dining pavilions available for private hire.
Guests will appreciate the well-thought-out interiors, including soft furnishings and linens in a chic colour palette of caramel, emerald and rose, decorated with block-printed florals and Fez embroideries. Locally handmade glazed clay tiles are used throughout, complemented by ancient Roman mosaics and 16th-century Andalusian tiles. Italian Murano glass chandeliers decorate archways, and beamed ceilings and monochromatic marble floors give a nod to Saint Laurent’s original design aesthetic.
Conran has added his own touch with the addition of flowing voile curtains, intricate fretwork, brass hardware and veined marble, as well as rattan wall panels, headboards and furniture. Mother-of-pearl inlaid mirrors and side tables, and Mauritanian leather and reed rugs complete the look. The light, airy rooms feel relaxed and vibrant thanks to their whitewashed walls and sweeping terraces.
Outside is a wonder of its own as guests can discover the villa’s diverse greenery. Conran has undertaken a vast restoration and replanting programme, adding more than 6,500 new plants, shrubs and trees to the property’s gardens. Sweeping lawns, banana palms, ferns, bamboo, citrus trees, hollyhocks, roses and bougainvillea offer a natural sanctuary of calm around the hotel grounds.
Villa Mabrouka opened for business in July and is the perfect destination for a relaxing escape, as Conran intended. “I want Villa Mabrouka to feel deeply personal, like staying in a home rather than a hotel, reflecting the way I personally like to live, the things that I enjoy and the appreciation of beautifully made things. I want it to be a place where you can spend time taking in the beauty of everything around you.”
Citadel: Honey Bunny first episode
Directors: Raj & DK
Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon
Rating: 4/5
The more serious side of specialty coffee
While the taste of beans and freshness of roast is paramount to the specialty coffee scene, so is sustainability and workers’ rights.
The bulk of genuine specialty coffee companies aim to improve on these elements in every stage of production via direct relationships with farmers. For instance, Mokha 1450 on Al Wasl Road strives to work predominantly with women-owned and -operated coffee organisations, including female farmers in the Sabree mountains of Yemen.
Because, as the boutique’s owner, Garfield Kerr, points out: “women represent over 90 per cent of the coffee value chain, but are woefully underrepresented in less than 10 per cent of ownership and management throughout the global coffee industry.”
One of the UAE’s largest suppliers of green (meaning not-yet-roasted) beans, Raw Coffee, is a founding member of the Partnership of Gender Equity, which aims to empower female coffee farmers and harvesters.
Also, globally, many companies have found the perfect way to recycle old coffee grounds: they create the perfect fertile soil in which to grow mushrooms.
About Takalam
Date started: early 2020
Founders: Khawla Hammad and Inas Abu Shashieh
Based: Abu Dhabi
Sector: HealthTech and wellness
Number of staff: 4
Funding to date: Bootstrapped
ANALYSTS’ TOP PICKS OF SAUDI BANKS IN 2019
Analyst: Aqib Mehboob of Saudi Fransi Capital
Top pick: National Commercial Bank
Reason: It will be at the forefront of project financing for government-led projects
Analyst: Shabbir Malik of EFG-Hermes
Top pick: Al Rajhi Bank
Reason: Defensive balance sheet, well positioned in retail segment and positively geared for rising rates
Analyst: Chiradeep Ghosh of Sico Bank
Top pick: Arab National Bank
Reason: Attractive valuation and good growth potential in terms of both balance sheet and dividends
SERIE A FIXTURES
Saturday Spezia v Lazio (6pm), Juventus v Torino (9pm), Inter Milan v Bologna (7.45pm)
Sunday Verona v Cagliari (3.30pm), Parma v Benevento, AS Roma v Sassuolo, Udinese v Atalanta (all 6pm), Crotone v Napoli (9pm), Sampdoria v AC Milan (11.45pm)
Monday Fiorentina v Genoa (11.45pm)
In numbers
Number of Chinese tourists coming to UAE in 2017 was... 1.3m
Alibaba’s new ‘Tech Town’ in Dubai is worth... $600m
China’s investment in the MIddle East in 2016 was... $29.5bn
The world’s most valuable start-up in 2018, TikTok, is valued at... $75bn
Boost to the UAE economy of 5G connectivity will be... $269bn
What is tokenisation?
Tokenisation refers to the issuance of a blockchain token, which represents a virtually tradable real, tangible asset. A tokenised asset is easily transferable, offers good liquidity, returns and is easily traded on the secondary markets.
MATCH INFO
First Test at Barbados
West Indies won by 381 runs
Second Test at Antigua
West Indies won by 10 wickets
Third Test at St Lucia
February 9-13
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
LUKA CHUPPI
Director: Laxman Utekar
Producer: Maddock Films, Jio Cinema
Cast: Kartik Aaryan, Kriti Sanon, Pankaj Tripathi, Vinay Pathak, Aparshakti Khurana
Rating: 3/5
The Settlers
Director: Louis Theroux
Starring: Daniella Weiss, Ari Abramowitz
Rating: 5/5
MATCH INFO
Uefa Champions League, last-16. first leg
Atletico Madrid v Juventus, midnight (Thursday), BeIN Sports
Final round
25 under - Antoine Rozner (FRA)
23 - Francesco Laporta (ITA), Mike Lorenzo-Vera (FRA), Andy Sullivan (ENG), Matt Wallace (ENG)
21 - Grant Forrest (SCO)
20 - Ross Fisher (ENG)
19 - Steven Brown (ENG), Joakim Lagergren (SWE), Niklas Lemke (SWE), Marc Warren (SCO), Bernd Wiesberger (AUT)
The five pillars of Islam
SPECS
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The Lowdown
Kesari
Rating: 2.5/5 stars
Produced by: Dharma Productions, Azure Entertainment
Directed by: Anubhav Singh
Cast: Akshay Kumar, Parineeti Chopra
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 Saga Continues
Wu-Tang Clan
(36 Chambers / Entertainment One)
Dubai World Cup nominations
UAE: Thunder Snow/Saeed bin Suroor (trainer), North America/Satish Seemar, Drafted/Doug Watson, New Trails/Ahmad bin Harmash, Capezzano, Gronkowski, Axelrod, all trained by Salem bin Ghadayer
USA: Seeking The Soul/Dallas Stewart, Imperial Hunt/Luis Carvajal Jr, Audible/Todd Pletcher, Roy H/Peter Miller, Yoshida/William Mott, Promises Fulfilled/Dale Romans, Gunnevera/Antonio Sano, XY Jet/Jorge Navarro, Pavel/Doug O’Neill, Switzerland/Steve Asmussen.
Japan: Matera Sky/Hideyuki Mori, KT Brace/Haruki Sugiyama. Bahrain: Nine Below Zero/Fawzi Nass. Ireland: Tato Key/David Marnane. Hong Kong: Fight Hero/Me Tsui. South Korea: Dolkong/Simon Foster.