'We are not OK': how Milan Fashion Week showed support for Beirut's designers


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The blast that rocked Beirut on August 4 echoed not just across the Levant, but across Europe, too, triggering an outpouring of support and aid.

And, as part of its spring / summer 2021 fashion week, the Italian city of Milan reached out to Lebanese designers affected by the explosion, in what it dubbed a "gesture of solidarity".

“Lebanese designers are important this year, and we needed to give them space because they are in a very tough time, and we believe fashion should be there to help them," explained Carlo Capasa, chairman of the Camera Nazionale della Moda Italiana (CNMI), the governing body of Italian fashion.

That help came in the form of a specially created digital platform, meaning that Lebanese labels were showcased alongside the big Italian names of Valentino, Versace and Giorgio Armani for the very first time. Spotlight on Lebanese designers offered a tangible way for the “next generation of Lebanese talent” to connect with a new and wider audience.

A total of six labels were chosen for the platform, including the house of Azzi & Osta, whose couture collection was almost finished before the blast tore through their showroom, and unisex brands Boyfriend and Roni Helou, who both lost their showrooms in the blast. Menswear name Emergency Room Beirut was included as was the womenswear label of Hussein Bazaza, and the jewellery duo behind L’Atelier Nawbar.

Asked to create a short film each, the brands were able to highlight their new collections or pieces that had survived the blast. Here's a closer look at what each label showcased.

Bazaza

Hussein Bazaza’s film was shot by Samir Siryani, and focused on the intense emotions triggered by the explosion, including fear, panic, anxiety, confusion “and the most dominant of all ... denial".

The model in the film wears layered, heavier pieces, because as Bazaza explains, “in the emotional sense, 2020 has been a cold year. We had to create outerwear to portray the need for more cover-ups against the cold and against danger".

Azzi & Osta

For its film, the duo of George Azzi and Assaad Osta took centre stage. In what should have been a celebration of the brand's 10-year anniversary, the designers tried to remain upbeat, outlining the inspiration behind the label and its devotion to savoir faire.

A design by Azzi & Osta. Courtesy Azzi & Osta
A design by Azzi & Osta. Courtesy Azzi & Osta

Roni Helou

Helou, meanwhile, created a film to showcase the RH2021 collection as well as a recurring theme in the label's work – environmental damage. Its film focused on the pollution of Lebanese waterways and how, as Helou explains, “rivers are no longer able to adequately support their aquatic inhabitants, transforming what is naturally a source of life into an agent of illness and death".

Despite having its showroom destroyed in the blast, the label reaffirmed its commitment to using only deadstock fabrics, and to “support our local community by working with tailors and artisans from all over Lebanon".

Boyfriend

Amine Jreissati, founder of the men's label, starred in his own film, modelling his own designs. As the camera captures the simple cuts of the clothing, which follow the brand's ethos of "minimal, subliminal, gender invisible", it is impossible to ignore Jreissati's wrist swathed in bandages, due to injuries sustained in the explosion.

L’Atelier Nawbar

The duo behind L’Atelier Nawbar set out to showcase the jewellery brand's unique style. Relatively unscathed by the explosion, it has committed to giving a percentage of all its sales to fund aid programmes in Beirut, and has even turned some of the glass that blanketed the city after the blast into a new range of pieces.

Pieces from L'Atelier Nawbar. Courtesy L'Atelier Nawbar
Pieces from L'Atelier Nawbar. Courtesy L'Atelier Nawbar

Emergency Room Beirut

Emergency Room Beirut presented a vision of reality as felt by those affected by the explosion. “The words expressed by these people who come from different paths of life, are a testimony of the year 2020 as experienced by the residents of Beirut,” explains the label's founder and designer, Eric Mathieu Ritter.

In the short film entitled Not a fashion movie, real people voice their frustrations, giving vent to their fears and shattered futures. "I am beyond angry," says one. "I thought it was the end" explains another, while a third says that she is "not OK". Visceral and raw, and in the the three languages of French, Arabic and English so widely spoken across the country, it lays bare the difficult task facing residents of the destroyed city.

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Saturday (UAE kick-off times)

Watford v Leicester City (3.30pm)

Brighton v Arsenal (6pm)

West Ham v Wolves (8.30pm)

Bournemouth v Crystal Palace (10.45pm)

Sunday

Newcastle United v Sheffield United (5pm)

Aston Villa v Chelsea (7.15pm)

Everton v Liverpool (10pm)

Monday

Manchester City v Burnley (11pm)

MATCH INFO

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Man of the match: Joshua Kimmich (Bayern Munich)

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.”

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Starring: Nicole Kidman, Liev Schreiber, Jack Reynor

Creator: Jenna Lamia

Rating: 3/5

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'The Woman in the House Across the Street from the Girl in the Window'

Director:Michael Lehmann

Stars:Kristen Bell

Rating: 1/5

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Charlotte Gainsbourg

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The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

Read part one: how cars came to the UAE

The years Ramadan fell in May

1987

1954

1921

1888

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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Other simple ideas for sushi rice dishes

Cheat’s nigiri 
This is easier to make than sushi rolls. With damp hands, form the cooled rice into small tablet shapes. Place slices of fresh, raw salmon, mackerel or trout (or smoked salmon) lightly touched with wasabi, then press, wasabi side-down, onto the rice. Serve with soy sauce and pickled ginger.

Easy omurice
This fusion dish combines Asian fried rice with a western omelette. To make, fry cooked and cooled sushi rice with chopped vegetables such as carrot and onion and lashings of sweet-tangy ketchup, then wrap in a soft egg omelette.

Deconstructed sushi salad platter 
This makes a great, fuss-free sharing meal. Arrange sushi rice on a platter or board, then fill the space with all your favourite sushi ingredients (edamame beans, cooked prawns or tuna, tempura veggies, pickled ginger and chilli tofu), with a dressing or dipping sauce on the side.

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