Kuwaiti influencer Sondos Al Qattan
Kuwaiti influencer Sondos Al Qattan
Kuwaiti influencer Sondos Al Qattan
Kuwaiti influencer Sondos Al Qattan

MAC Cosmetics releases statement denouncing Kuwaiti influencer Sondos Al Qattan


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MAC Cosmetics has broken its silence on under-fire Kuwaiti influencer Sondos Al Qattan by denouncing her recent comments on her country's labour law. The company said it currently does not "have any partnerships with her and will no longer be working with her on any brand activities".

It also said that Al Qattan's "views are her own" and it wants to "make it clear that we do not support the beliefs recently expressed by her".

Al Qattan's negative comments over recent changes to Kuwait's labour law have caused a furore on social media. The new rules mean that Filipino workers are allowed to keep their own passports and have a day off a week.

Hair brand Phyto posted on its Instagram on Tuesday that it was "very surprised and troubled when hearing about the cruel comments made by @sondos_aq".

"We do not tolerate any kind of racism and abuse," the French brand wrote, calling her actions "dreadful". The brand said it has contacted its local distributor in Kuwait and requested that any partnerships were ended "effective immediately", saying that it will "not support such behaviour or have it associated with our products".

During this time, there had been no word from cosmetics giant MAC, although the brand had stopped following her on Instagram. The exact nature of the association between Al Qattan and MAC is unclear, however the make-up brand's products regularly featured in Al Qattan's social media posts.

MAC's latest Instagram posts featured a lot of comments from people inquiring about why the brand had not taken a stand against Al Qattan.

User inaangelo@maccosmetics posted: "How have you seriously not cut ties with @sondos_aq yet?? Is it because you support her statement?"

While edgarlen_23So said: "This brand really represents slavery and racism ok @maccosmetics maybe SONDOS AL QATTAN is much important than your Filipino consumer".

The comments on all recent pictures run on in the same vein. ugochi__: "YOU NEED TO CUT TIES WITH THE BIGOTED WOMAN @maccosmetics"

Max Factor quickly disassociated itself from Al Qattan, telling The National it was shocked by her comments and has suspended all collaboration with her. Shiseido gave a statement saying it did not support or align with the comments made.

On Monday, Al Qattan posted a statement on her Instagram account calling the backlash "rumours", and saying that she treated all her employees fairly, saying that she doesn't "impose long working hours". She also told news agency AFP that keeping an employee's passport was not a human-rights breach because "I did not deprive the employee of her salary or beat her".

Al Qattan's initial comments came after a months-long diplomatic row between Philippine President Rodrigo Duterte and Kuwait over the treatment of domestic workers, which resulted in changes in the law. The discord began in February when a murdered Filipina maid was found in her employer's freezer in Kuwait City.

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Read more:

Major beauty brand drops Kuwaiti influencer Sondos Al Qattan, who remains unapologetic over comments

Kuwaiti beauty blogger faces backlash over comments on Filipino overseas workers

Kuwait and Philippines strike domestic worker deal

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The High Court of England and Wales approves the company’s restructuring plan

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The Court of Appeal issues a judgment challenging parts of the restructuring plan

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Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

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180 Petrofac employees laid off in the UAE

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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.”