Model Karolina Kurkova at the Brunello Cucinelli eyewear launch in Rome. Photo: Brunello Cucinelli
Model Karolina Kurkova at the Brunello Cucinelli eyewear launch in Rome. Photo: Brunello Cucinelli
Model Karolina Kurkova at the Brunello Cucinelli eyewear launch in Rome. Photo: Brunello Cucinelli
Model Karolina Kurkova at the Brunello Cucinelli eyewear launch in Rome. Photo: Brunello Cucinelli

A trip to Italy for Brunello Cucinelli's eyewear offers insight into a brand to behold


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When prestigious Italian brand Brunello Cucinelli unveiled its exclusive eyewear line last month, it was a moment of sheer elegance. The grand reveal took place at a lavish party in a hilltop villa, offering guests – this writer included – a sunset view over Rome.

Such nonchalant largesse is seemingly typical for a brand that has been delivering impeccable clothing since 1978. A dab hand at comfortable, effortless looks, it has built a reputation for underplayed style, in neutral shades of white, silver, grey, beige, brown and navy blue. Clad in these tones, underneath the tall, spindly Roman pine trees, a troop of models drifted among the gardens wearing the new glasses.

Brunello Cucinelli eyewear launch took place at a lavish party in a hilltop villa in Rome. Photo: Brunello Cucinelli
Brunello Cucinelli eyewear launch took place at a lavish party in a hilltop villa in Rome. Photo: Brunello Cucinelli

The arrival of the 30 or so models was not followed by a formal speech from the founder, owner, chief executive and creative director of the eponymous house, Brunello Cucinelli himself, but rather warm smiles and handshakes for models and clients alike.

We discovered later that creating the eyewear line had taken a full year, yet Cucinelli did not grandstand or show off, giving a fascinating insight into an empire built around the idea of discretion. Later, he was spotted dressing guests in the glasses, clearly delighted by the result.

Describing the new line, the designer called it a “phenomenal product resulting from heartfelt collaboration, [which] represents an outstanding piece of luxury craftsmanship”. Adding, “Plato said: ‘Beauty is the splendour of truth’. This is why I wholeheartedly hope that our glasses, which are so true and beautiful, will please customers and achieve all the success they deserve.”

Brunello Cucinelli, centre in a navy jacket, and the models line up in the garden after the launch. Photo: Brunello Cucinelli
Brunello Cucinelli, centre in a navy jacket, and the models line up in the garden after the launch. Photo: Brunello Cucinelli

The eyewear is a natural extension for the company, which is known for its men’s and women’s wear, homeware, children’s wear, leather goods and perfumes, making the new arrival a logical fit. While the house’s overall style may be languid, the prices are not. Frames start at about Dh2,000, going up to more than Dh8,000 for the horn and titanium models.

The first product of a 10-year deal signed with Essilor Luxottica in November 2022, this collection is a marriage of Cucinelli’s taste with the technical know-how of the French-Italian eyewear specialists. While it may not be the first collection released by the brand – that honour goes to a previous limited-edition collaboration with Oliver Peoples – this marks the permanent arrival of eyewear to the company’s stable. Offered in 14 styles, divided into five categories, the range carries customers from an updated aviator, through recycled acetate, to titanium.

The Multimaterico collection, for example, pays homage to the company’s pared-back ready-to-wear items, offering frames that are delightfully unfussy. The Trama line, meanwhile, is inspired by Brunello Cucinelli jewellery, including its signature anthracite grey beading spun into bracelet cuffs, sautoir necklaces and dangling earrings.

In addition to frames in classic black and silver, there is a touch of warmth, through peach-tinted tones and rose gold detailing. Elsewhere, as part of the Pattern collection, glasses arrive in enticing tones such as midnight grey, burgundy or transparent brown with ice grey, while the oversized frames appear in champagne and rosy peach or the exotic-sounding panama and beluga grey.

Acetate sunglasses from the new range. Photo: Brunello Cucinelli
Acetate sunglasses from the new range. Photo: Brunello Cucinelli

The Stema line is centred around manufacturing excellence and is filled with custom-made elements such as embedded cores and riveted hinges, while across the range, materials include reclaimed acetate, horn frames and titanium machined in Japan. Frames are presented in colours such as light gold, rose gold, bronze, silver and natural horn, while the lenses come in grey blue, warm brown, taupe and ochre, in photochromic and polarised finishes to block glare.

All frames feature the brand’s name and part of the Brunello Cucinelli logo.

As both Cucinelli family and company have been based in Solomeo, a medieval Umbrian village, for the past 30 years, the hamlet has become entwined with its history. The family has spent years painstakingly restoring the village, piece by piece, and in return, has adopted a carving found on the wall of a 12th-century church as its logo.

Featuring a winged griffin over a fortified tower, flanked by ribbons, the carving bears the inscription Solomei AD MCCCXCI (1391). It is this written part of the logo that is now featured on the bridge of the new eyewear collection. The inscription is a charming example of recycling history, sitting perfectly with the acetate frames that comprise 27 per cent recycled material, thanks to Carbon renewal technology, which can combine different types of post-consumer waste plastics to give them a new life.

Having launched his company in 1978 as a small studio offering hand-dyed Mongolian cashmere – a material then unheard of – Cucinelli spent the following decades fine-tuning an exacting eye, earning him the moniker King of Cashmere. He has carefully built his business to cater for the different facets of a polished lifestyle enjoyed by his discerning clients.

The line also carries titanium eyewear. Photo: Brunello Cucinelli
The line also carries titanium eyewear. Photo: Brunello Cucinelli

Over the years, the house has come to epitomise a muted discretion, told via a neutral palette that, in turn, nods to the village of Solomeo and the beauty of the natural world.

The restrained palette means that not only do pieces from different collections all work together, a crucial element for building legacy into a wardrobe, but everything is also infused with an easy, unfussy elegance so prized in Italian fashion.

This restraint is so ingrained – the company only recently expanded the palette to include black – it has become something of a byword for the ultra-rich and those who prefer not to show off.

Meta’s Mark Zuckerberg, who sits on a personal fortune of $170 billion, prefers to dress down in pigeon grey T-shirts custom-made by Brunello Cucinelli. While at first glance this may feel like an odd pairing, digging a little deeper it makes perfect sense. Zuckerberg, like many ultra-high-net-worth individuals, has no desire to advertise his wealth, but instead craves well-executed comfort. For its part, Brunello Cucinelli aims to offer a way of dressing that is always chic without braggadocio.

The specs: Lamborghini Aventador SVJ

Price, base: Dh1,731,672

Engine: 6.5-litre V12

Gearbox: Seven-speed automatic

Power: 770hp @ 8,500rpm

Torque: 720Nm @ 6,750rpm

Fuel economy: 19.6L / 100km

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The specs

Engine: 5.2-litre V10

Power: 640hp at 8,000rpm

Torque: 565Nm at 6,500rpm

Transmission: 7-speed dual-clutch auto

Price: From Dh1 million

On sale: Q3 or Q4 2022 

Most F1 world titles

7 — Michael Schumacher (1994, ’95, 2000, ’01 ’02, ’03, ’04)

7 — Lewis Hamilton (2008, ’14,’15, ’17, ’18, ’19, ’20)

5 — Juan Manuel Fangio (1951, ’54, ’55, ’56, ’57)

4 — Alain Prost (1985, ’86, ’89, ’93)

4 — Sebastian Vettel (2010, ’11, ’12, ’13)

Army of the Dead

Director: Zack Snyder

Stars: Dave Bautista, Ella Purnell, Omari Hardwick, Ana de la Reguera

Three stars

WHAT%20MACRO%20FACTORS%20ARE%20IMPACTING%20META%20TECH%20MARKETS%3F
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Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
Pox that threatens the Middle East's native species

Camelpox

Caused by a virus related to the one that causes human smallpox, camelpox typically causes fever, swelling of lymph nodes and skin lesions in camels aged over three, but the animal usually recovers after a month or so. Younger animals may develop a more acute form that causes internal lesions and diarrhoea, and is often fatal, especially when secondary infections result. It is found across the Middle East as well as in parts of Asia, Africa, Russia and India.

Falconpox

Falconpox can cause a variety of types of lesions, which can affect, for example, the eyelids, feet and the areas above and below the beak. It is a problem among captive falcons and is one of many types of avian pox or avipox diseases that together affect dozens of bird species across the world. Among the other forms are pigeonpox, turkeypox, starlingpox and canarypox. Avipox viruses are spread by mosquitoes and direct bird-to-bird contact.

Houbarapox

Houbarapox is, like falconpox, one of the many forms of avipox diseases. It exists in various forms, with a type that causes skin lesions being least likely to result in death. Other forms cause more severe lesions, including internal lesions, and are more likely to kill the bird, often because secondary infections develop. This summer the CVRL reported an outbreak of pox in houbaras after rains in spring led to an increase in mosquito numbers.

Frankenstein in Baghdad
Ahmed Saadawi
​​​​​​​Penguin Press

Muslim Council of Elders condemns terrorism on religious sites

The Muslim Council of Elders has strongly condemned the criminal attacks on religious sites in Britain.

It firmly rejected “acts of terrorism, which constitute a flagrant violation of the sanctity of houses of worship”.

“Attacking places of worship is a form of terrorism and extremism that threatens peace and stability within societies,” it said.

The council also warned against the rise of hate speech, racism, extremism and Islamophobia. It urged the international community to join efforts to promote tolerance and peaceful coexistence.

Brief scores:

Arsenal 4

Xhaka 25', Lacazette 55', Ramsey 79', Aubameyang 83'

Fulham 1

Kamara 69'

The biog

Favourite book: You Are the Placebo – Making your mind matter, by Dr Joe Dispenza

Hobby: Running and watching Welsh rugby

Travel destination: Cyprus in the summer

Life goals: To be an aspirational and passionate University educator, enjoy life, be healthy and be the best dad possible.

Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

Racecard
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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.”

Emergency

Director: Kangana Ranaut

Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry 

Rating: 2/5

COMPANY%20PROFILE
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Profile

Company: Justmop.com

Date started: December 2015

Founders: Kerem Kuyucu and Cagatay Ozcan

Sector: Technology and home services

Based: Jumeirah Lake Towers, Dubai

Size: 55 employees and 100,000 cleaning requests a month

Funding:  The company’s investors include Collective Spark, Faith Capital Holding, Oak Capital, VentureFriends, and 500 Startups. 

RESULTS
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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

Updated: April 26, 2024, 12:37 PM