Women wearing protective face masks walk past a closed shop of French luxury foods group Fauchon on the Place de La Madeleine in Paris, France, 4 September. Gonzalo Fuentes / Reuters
Women wearing protective face masks walk past a closed shop of French luxury foods group Fauchon on the Place de La Madeleine in Paris, France, 4 September. Gonzalo Fuentes / Reuters
Women wearing protective face masks walk past a closed shop of French luxury foods group Fauchon on the Place de La Madeleine in Paris, France, 4 September. Gonzalo Fuentes / Reuters
In 2001, Leonard Lauder, then chairman of Estee Lauder, coined the term ‘lipstick index’. He was referring to what he saw as the resilience of makeup sales in times of economic hardship, an affordable indulgence for women who otherwise might be cutting back.
After all, when things are tough, women feel that a dash of lipstick can do wonders for their morale – and I am no exception.
But this time, women have bucked the lipstick index. Early in the pandemic amid the growing economic difficulties, sales of lipstick started to plummet. After all, if you're staying home, who needs lipstick and makeup?
As the new normal set in and face masks became the norm, there was talk of a 'mascara index’. With sales of eye makeup rising, women seemed to shift their beauty focus to the area of their face that was actually visible.
In the context of the pandemic, Estee Lauder’s current chief executive has said that the lipstick index has been substituted by "the moisturiser index".
The view is that while the current period may not reflect a huge interest in people's desire to stock up on lipstick, moisturisers still remain a reliable index of consumption trends.
Moisturisers, however, fill a very different need in women’s grooming routine. It is one of those cosmetic products that are not about the gaze of another. Moisturisers have nothing to do with how women present themselves to the outside world. It is more personal, it is about care for oneself.
In many ads for moisturisers though there is still the shameful message conveyed that using moisturiser can stop ageing, as though growing old is the great crime of our era.
Despite some of these ageist campaigns, during the pandemic, something radical started to happen with regard to women and beauty.
We are seeing the beginnings of an important shift – women are discarding unattainable beauty standards, to which they are constantly subjected and to which they would, in a pre-pandemic world, have had to strive to achieve at all costs.
This year has caused, however minor, a shift in perception – to not judge women based on their appearance. If this perception gained wider acceptance, it would free women from all the pressure and judgment that comes with adhering to these unattainable standards of beauty.
Trying to keep up and appearing constantly beautiful can be a second career for a lot of women, especially those who have more public-facing jobs. It costs money and time, and the payback is often poor self-esteem and constant, unwarranted judgment. Many of us women accept this and spend our lives too conscious, if not ashamed, of our faces and bodies, feeling as if our looks define who we are, our worth and the success we will achieve in life.
Makeup artist Huda Kattan
Critics of patriarchy describe this as commodifying women, ascribing value based on looks. Critics of capitalism say that the market benefits from women being kept in this state of anxiety; self-doubt as a way to keep up sales of cosmetics and makeup.
A facemask-wearing Meghan Markle during a visit to a school in Los Angeles, US, 31 August 31. Matt Sayles/ via Reuters
At the intersection of the capitalism and patriarchy, there is talk of how women being encouraged to enter the workplace provides companies with a stream of cheaper labour as men famously, in several if not most industries, are paid more than their equally-competent women colleagues.
Add to this the pressures women face to be well-dressed and well-groomed. This essentially means women, as compared to men, put disproportionate amounts of their income back into the consumer economy.
This is the opportunity for women to take control of their image and reject the pressures placed disproportionately on them
One can't help but think the system is rigged so that the majority of women do not rise to the same ranks of power as men, and many continue to be judged on their looks rather than on their work or talent.
Now, given the pandemic, there is no longer a physical workplace as we knew it. As a result, working women, broadly speaking, don't need to ‘put their face on’ or wear uncomfortable high heels to the office.
In these past few months, they have been freed of such constraints and have been able to, for the most part, do things for themselves, look beautiful and feel good for themselves rather than out of a societal expectation of how they should appear.
Going back to negative perceptions of ageing, hair is a great example. At least anecdotally, I know many women who this year decided to go grey rather than keep dyeing their hair, and they expressed this as a form of liberation.
For so many women, their chances of living a successful life are so utterly defined by their looks, that this shift – from presenting oneself in a certain way to the outside world to focusing more on self-care – is a significant moment.
This is an opportunity for women to take control of their image and reject the pressures placed disproportionately on them. It is a chance to think about the self rather than others, something that too many women are socialised out of from a young age. It is a chance for women to assert that it is who they are that matters, rather than what they look like.
Shelina Janmohamed is the author of Love in a Headscarf. Her latest book is The Extraordinary Life of Serena Williams
ATP China Open
G Dimitrov (BUL x3) bt R Bautista Agut (ESP x5)
7-6, 4-6, 6-2
R Nadal (ESP x1) bt J Isner (USA x6)
6-4, 7-6
WTA China Open
S Halep (ROU x2) bt D Kasatkina (RUS)
6-2, 6-1
J Ostapenko (LAT x9) bt S Cirstea (ROU)
6-4, 6-4
ATP Japan Open
D Schwartzman (ARG x8) bt S Johnson (USA)
6-0, 7-5
D Goffin (BEL x4) bt R Gasquet (FRA)
7-5, 6-2
M Cilic (CRO x1) bt R Harrison (USA)
6-2, 6-0
Five hymns the crowds can join in
Papal Mass will begin at 10.30am at the Zayed Sports City Stadium on Tuesday
Some 17 hymns will be sung by a 120-strong UAE choir
Five hymns will be rehearsed with crowds on Tuesday morning before the Pope arrives at stadium
‘Christ be our Light’ as the entrance song
‘All that I am’ for the offertory or during the symbolic offering of gifts at the altar
‘Make me a Channel of your Peace’ and ‘Soul of my Saviour’ for the communion
‘Tell out my Soul’ as the final hymn after the blessings from the Pope
The choir will also sing the hymn ‘Legions of Heaven’ in Arabic as ‘Assakiroo Sama’
There are 15 Arabic speakers from Syria, Lebanon and Jordan in the choir that comprises residents from the Philippines, India, France, Italy, America, Netherlands, Armenia and Indonesia
The choir will be accompanied by a brass ensemble and an organ
They will practice for the first time at the stadium on the eve of the public mass on Monday evening
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.”
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
A Bad Moms Christmas
Dir: John Lucas and Scott Moore
Starring: Mila Kunis, Kathryn Hahn, Kristen Bell, Susan Sarandon, Christine Baranski, Cheryl Hines
Two stars
The specs
Engine: 3.8-litre, twin-turbo V8
Transmission: eight-speed automatic
Power: 582bhp
Torque: 730Nm
Price: Dh649,000
On sale: now
The Lowdown
Kesari
Rating: 2.5/5 stars
Produced by: Dharma Productions, Azure Entertainment
Directed by: Anubhav Singh
Cast: Akshay Kumar, Parineeti Chopra
Winner No Riesgo Al Maury, Szczepan Mazur (jockey), Ibrahim Al Hadhrami (trainer)
5.30pm Handicap (PA) Dh80,000 1,600m
Winner Marwa W’Rsan, Sam Hitchcott, Jaci Wickham.
6pm Handicap (PA) Dh80,000 1,600m
Winner Dahess D’Arabie, Al Moatasem Al Balushi, Helal Al Alawi.
6.30pm Handicap (PA) Dh80,000 2,200m
Winner Safin Al Reef, Connor Beasley, Abdallah Al Hammadi.
7pm Wathba Stallions Cup Handicap (PA) Dh70,000 2,200m
Winner Thulbaseera Al Jasra, Shakir Al Balushi, Ibrahim Al Hadhrami.
7.30pm Maiden (TB) Dh 80,000 2,200m
Winner Autumn Pride, Szczepan Mazur, Helal Al Alawi.
Bio
Born in Dibba, Sharjah in 1972.
He is the eldest among 11 brothers and sisters.
He was educated in Sharjah schools and is a graduate of UAE University in Al Ain.
He has written poetry for 30 years and has had work published in local newspapers.
He likes all kinds of adventure movies that relate to his work.
His dream is a safe and preserved environment for all humankind.
His favourite book is The Quran, and 'Maze of Innovation and Creativity', written by his brother.