After an encounter with armed robbers in Paris on Monday, Kim Kardashian West went social media silent. Andy Kropa / Invision / AP
After an encounter with armed robbers in Paris on Monday, Kim Kardashian West went social media silent. Andy Kropa / Invision / AP
After an encounter with armed robbers in Paris on Monday, Kim Kardashian West went social media silent. Andy Kropa / Invision / AP
After an encounter with armed robbers in Paris on Monday, Kim Kardashian West went social media silent. Andy Kropa / Invision / AP

Kim’s Twitter silence after $10m jewellery heist


Colin Randall
  • English
  • Arabic

By the time Kim Kardashian’s Twitter account fell silent, it was already too late.

The American television personality had been robbed at gunpoint by a gang who, disguised as policemen, broke into her luxury residence close to the Madeleine and Opera in Paris’s elegant eighth arrondissement.

Among the jewellery reported stolen, worth an estimated US$10 million (Dh36.7m), were rings that gave so much pride to Kardashian that she boldly and continuously posted photographs of them on various social media outlets including Snapchat. No word yet on the fate of the diamond grill she sported on her teeth, either.

Did this willingness to parade her fabulous wealth put the idea of a get-rich-quick heist into the minds of gangsters whose ruthlessness is matched only by their irrepressible opportunism?

That, along with the suspicion of a possible “inside job”, is among the stronger theories being canvassed as victim and investigators alike reflect on the audacious crime in which Kardashian was terrorised by intruders she reportedly feared might be intent on raping her. As it was, they bound and gagged her with zip ties and bundled her into a bath before escaping with their valuable haul.

It is easy to imagine the buzz that swept certain Parisian circles as news spread that Kardashian was in town. For the publicity-conscious organisers and exhibitors at Paris Fashion Week, where she attended keynote shows, it was an obvious public relations coup. For the ubiquitous paparazzi in one of Europe’s great capitals, the prospect of lucrative work beckoned.

And for a bunch of calculating thieves, linked or not to the infamous Pink Panthers with a litany of crimes stretching from Europe to Dubai, there was a golden opportunity that proved impossible to resist.

The 35-year-old Californian, described as a socialite, model and businesswoman, has a staggering 48.3 million followers on Twitter; she follows a mere 121 in return. Then there is Instagram, and the furiously popular Snapchat.

But this vast army of curious, often star-struck people will have looked in vain for her thoughts on being robbed in such frightening circumstances that her third and present husband, the US rapper, producer and designer Kanye West interrupted a live performance in New York to tell fans: “I’m sorry. I have a family emergency. I have to stop the show.”

The robbery happened in the early hours of Monday, Paris time. It was still Monday, US eastern seaboard time, when Kardashian stepped from a private jet to be greeted by West and retreat with him him to their Manhattan home. Up to yesterday evening, she had steered belatedly clear of Twitter.

In a world dominated by social media, it is perhaps unsurprising that a woman best known from reality television should be so prominent a user.

Complete strangers can learn a great deal of the more glamorous aspects of her life from Snapchat and Instagram postings, tweets and other online outpourings. It is easy to deride the vacuous nature of such a public lifestyle - the CNN news network calls her a “master of self-promotion and sovereign of social media” - but foolish to deny what importance is attached to it by millions obsessed with celebrities.

Of course, it is not necessary to flaunt wealth to become a target of evil attention. Three Emirati sisters, visitors to London from the Sharjah in 2014, did nothing to display signs of opulence before being brutally attacked in their hotel room by a crack-addicted career criminal, who battered them mercilessly before calmly walking off carrying a suitcase stuffed with valuables including a white diamond-encrusted Cartier watch worth £12,000 (Dh68,936) and Louis Vuitton jewellery. Khuloud Al Najjar, then 36, and her younger sisters Ohoud and Fatima, from Sharjah, were lucky to escape alive but still suffered life-threatening injuries.

But the Kardashian attack makes clear, if it was not already, that a compulsion to tell the world about one’s wealth will ultimately lead to unsavoury characters plotting to get their hands on it.

The appalling terrorist attacks of November 13 last year, when ISIL gunmen killed 130 people enjoying a night out in Paris, have already had a damaging effect on France’s important tourism industry. Disruptive strikes, and the violence of political demonstrations in the capital, have also had an impact.

The last thing the City of Romance and Light needed was a further reason not to be visited, albeit one affecting a small minority of travellers. But the robbery at Kardashian’s Parisian home presents just such a deterrent.

As Deena Aljuhani Abdulaziz, the new editor-in-chief of Vogue Arabia and a member of the Saudi royal family, told The New York Times: “There’s no question in my mind that this will play heavily on the mind of shoppers and travelers from the Gulf when it comes to visiting in Paris.

“Lots wear their jewellery very openly here. They shop. And have always felt very safe doing so. But when something like this can happen, and to someone with such a good security detail, well - it’s a big surprise. And it’s very frightening.”

Kardashian certainly sported her jewellery and allowed herself to be seen when in Paris in its chic boutiques, department stores and restaurants. She had, as Vogue Arabia’s editor noted, a “good security detail”, though her main, 6’ 4” bodyguard Pascal Duvier was out at a nightclub some distance from Kardashian’s residence when the attack happened, presumably with her blessing.

But she was also surprisingly indiscreet about her prized possessions. The one moment when the otherwise French-speaking robbers made themselves abundantly clear to her, according to reports, was when they repeatedly demanded “the ring”.

She knew perfectly well they meant the Lorraine Schwartz ring, 20-carat and emerald-cut, recently given to her by West. And she readily showed her assailants where it was.

That piece of jewellery might have been sufficient incentive for the gang to pull of their raid. It is said to be worth $4.5million and had been pictured – on Kardashian’s finger - only a few hours earlier on a Snapchat post, her last before the robbery.

But this was no more than the gem in the crown: the robbers also took away a jewellery box worth $6.7 million and melted into the Parisian night on readily available hired bicycles.

Another Lorraine Schwartz ring, with which West proposed before their 2014 wedding, is valued at around $1.6million. She had been photographed wearing her newest ring, both in pictures taken by the press during her stay in Paris and on her own social media sites. Neither this nor her engagement ring was visible in photographs taken as she left Paris on Monday morning to fly back to the United States.

Knowledge of Kardashian’s wealth, and the joy she takes in it, are public property. Forbes, the US business magazine and compiler of “rich lists”, put her worth at US$45m in 2015, reporting that her earnings had doubled in 12 months as she “monetised fame better than any other”. The income came to a large extent from her Kardashian Kollection fashion accessories and Kardashian Beauty cosmetics line but even Instagram and Twitter posts are sponsored, bringing in further useful revenue.

All of this will have been known to her robbers. Whether they turn out to be linked to the Pink Panthers, a network rather than single gang with origins in the civil wars of the former Yugoslavia, or conventional gangsters from the Parisian underworld remains to be established.

So does the extent to which their plotting was inspired by their victim’s own taste for ostentation.

Although uncharacteristically, Kardashian and the rest of her clan were quiet on social media following the attack. But as she recovers from what must have been a traumatic experience, other celebrities may be having second thoughts about being quite so open about their good fortune.

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4pm Al Bastakiya Listed US$300,000 (Dirt) 1,900m

4.35pm Mahab Al Shimaal Group 3 $350,000 (D) 1,200m

5.10pm Nad Al Sheba Turf Group 3 $350,000 (Turf) 1,200m

5.45pm Burj Nahaar Group 3 $350,000 (D) 1,600m

6.20pm Jebel Hatta Group 1 $400,000 (T) 1,800m

6.55pm Al Maktoum Challenge Round-3 Group 1 $600,000 (D) 2,000m

7.30pm Dubai City Of Gold Group 2 $350,000 (T) 2,410m

The National selections:

4pm Zabardast

4.35pm Ibn Malik

5.10pm Space Blues

5.45pm Kimbear

6.20pm Barney Roy

6.55pm Matterhorn

7.30pm Defoe

What can you do?

Document everything immediately; including dates, times, locations and witnesses

Seek professional advice from a legal expert

You can report an incident to HR or an immediate supervisor

You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline

In criminal cases, you can contact the police for additional support

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Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

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Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

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Price: From Dh126,000

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The specs

Engine 60kwh FWD

Battery Rimac 120kwh Lithium Nickel Manganese Cobalt Oxide (LiNiMnCoO2) chemistry

Power 204hp Torque 360Nm

Price, base / as tested Dh174,500 

The specs: 2018 Nissan Patrol Nismo

Price: base / as tested: Dh382,000

Engine: 5.6-litre V8

Gearbox: Seven-speed automatic

Power: 428hp @ 5,800rpm

Torque: 560Nm @ 3,600rpm

Fuel economy, combined: 12.7L / 100km

SQUADS

UAE
Mohammed Naveed (captain), Mohamed Usman (vice-captain), Ashfaq Ahmed, Chirag Suri, Shaiman Anwar, Mohammed Boota, Ghulam Shabber, Imran Haider, Tahir Mughal, Amir Hayat, Zahoor Khan, Qadeer Ahmed, Fahad Nawaz, Abdul Shakoor, Sultan Ahmed, CP Rizwan

Nepal
Paras Khadka (captain), Gyanendra Malla, Dipendra Singh Airee, Pradeep Airee, Binod Bhandari, Avinash Bohara, Sundeep Jora, Sompal Kami, Karan KC, Rohit Paudel, Sandeep Lamichhane, Lalit Rajbanshi, Basant Regmi, Pawan Sarraf, Bhim Sharki, Aarif Sheikh

The specs: 2019 Infiniti QX50

Price, base: Dh138,000 (estimate)
Engine: 2.0L, turbocharged, in-line four-cylinder
Transmission: Continuously variable transmission
Power: 268hp @ 5,600rpm
Torque: 380Nm @ 4,400rpm
Fuel economy: 6.7L / 100km (estimate)

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ONCE UPON A TIME IN GAZA

Starring: Nader Abd Alhay, Majd Eid, Ramzi Maqdisi

Directors: Tarzan and Arab Nasser

Rating: 4.5/5

Day 3, Abu Dhabi Test: At a glance

Moment of the day Just three balls remained in an exhausting day for Sri Lanka’s bowlers when they were afforded some belated cheer. Nuwan Pradeep, unrewarded in 15 overs to that point, let slip a seemingly innocuous delivery down the legside. Babar Azam feathered it behind, and Niroshan Dickwella dived to make a fine catch.

Stat of the day - 2.56 Shan Masood and Sami Aslam are the 16th opening partnership Pakistan have had in Tests in the past five years. That turnover at the top of the order – a new pair every 2.56 Test matches on average – is by far the fastest rate among the leading Test sides. Masood and Aslam put on 114 in their first alliance in Abu Dhabi.

The verdict Even by the normal standards of Test cricket in the UAE, this has been slow going. Pakistan’s run-rate of 2.38 per over is the lowest they have managed in a Test match in this country. With just 14 wickets having fallen in three days so far, it is difficult to see 26 dropping to bring about a result over the next two.

Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

Malcolm & Marie

Directed by: Sam Levinson

Starring: John David Washington and Zendaya

Three stars

Auron Mein Kahan Dum Tha

Starring: Ajay Devgn, Tabu, Shantanu Maheshwari, Jimmy Shergill, Saiee Manjrekar

Director: Neeraj Pandey

Rating: 2.5/5

Concrete and Gold
Foo Fighters
RCA records

10 tips for entry-level job seekers
  • Have an up-to-date, professional LinkedIn profile. If you don’t have a LinkedIn account, set one up today. Avoid poor-quality profile pictures with distracting backgrounds. Include a professional summary and begin to grow your network.
  • Keep track of the job trends in your sector through the news. Apply for job alerts at your dream organisations and the types of jobs you want – LinkedIn uses AI to share similar relevant jobs based on your selections.
  • Double check that you’ve highlighted relevant skills on your resume and LinkedIn profile.
  • For most entry-level jobs, your resume will first be filtered by an applicant tracking system for keywords. Look closely at the description of the job you are applying for and mirror the language as much as possible (while being honest and accurate about your skills and experience).
  • Keep your CV professional and in a simple format – make sure you tailor your cover letter and application to the company and role.
  • Go online and look for details on job specifications for your target position. Make a list of skills required and set yourself some learning goals to tick off all the necessary skills one by one.
  • Don’t be afraid to reach outside your immediate friends and family to other acquaintances and let them know you are looking for new opportunities.
  • Make sure you’ve set your LinkedIn profile to signal that you are “open to opportunities”. Also be sure to use LinkedIn to search for people who are still actively hiring by searching for those that have the headline “I’m hiring” or “We’re hiring” in their profile.
  • Prepare for online interviews using mock interview tools. Even before landing interviews, it can be useful to start practising.
  • Be professional and patient. Always be professional with whoever you are interacting with throughout your search process, this will be remembered. You need to be patient, dedicated and not give up on your search. Candidates need to make sure they are following up appropriately for roles they have applied.

Arda Atalay, head of Mena private sector at LinkedIn Talent Solutions, Rudy Bier, managing partner of Kinetic Business Solutions and Ben Kinerman Daltrey, co-founder of KinFitz

How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less
Profile of Bitex UAE

Date of launch: November 2018

Founder: Monark Modi

Based: Business Bay, Dubai

Sector: Financial services

Size: Eight employees

Investors: Self-funded to date with $1m of personal savings

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Starring: Kareena Kapoor Khan, Ash Tandon, Prabhleen Sandhu

Director: Hansal Mehta

Rating: 4 / 5

THE SPECS

Engine: 3.5-litre V6
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6.30pm Maiden Dh165,000 (Dirt) 1,200

7.05pm Handicap Dh165,000 (D) 1,600m

7.40pm Maiden Dh165,000 (D) 1,600m

8.15pm Handicap Dh190,000 (D) 1,600m

8.50pm Handicap Dh175,000 (D) 1,400m

9.25pm Handicap Dh175,000 (D) 2,000m

 

The National selections:

6.30pm Underwriter

7.05pm Rayig

7.40pm Torno Subito

8.15pm Talento Puma

8.50pm Etisalat

9.25pm Gundogdu

While you're here

First Person
Richard Flanagan
Chatto & Windus 

Disability on screen

Empire — neuromuscular disease myasthenia gravis; bipolar disorder; post-traumatic stress disorder (PTSD)

Rosewood and Transparent — heart issues

24: Legacy — PTSD;

Superstore and NCIS: New Orleans — wheelchair-bound

Taken and This Is Us — cancer

Trial & Error — cognitive disorder prosopagnosia (facial blindness and dyslexia)

Grey’s Anatomy — prosthetic leg

Scorpion — obsessive compulsive disorder and anxiety

Switched at Birth — deafness

One Mississippi, Wentworth and Transparent — double mastectomy

Dragons — double amputee

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Tips from the expert

Dobromir Radichkov, chief data officer at dubizzle and Bayut, offers a few tips for UAE residents looking to earn some cash from pre-loved items.

  1. Sellers should focus on providing high-quality used goods at attractive prices to buyers.
  2. It’s important to use clear and appealing photos, with catchy titles and detailed descriptions to capture the attention of prospective buyers.
  3. Try to advertise a realistic price to attract buyers looking for good deals, especially in the current environment where consumers are significantly more price-sensitive.
  4. Be creative and look around your home for valuable items that you no longer need but might be useful to others.

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.”

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

Three ways to boost your credit score

Marwan Lutfi says the core fundamentals that drive better payment behaviour and can improve your credit score are:

1. Make sure you make your payments on time;

2. Limit the number of products you borrow on: the more loans and credit cards you have, the more it will affect your credit score;

3. Don't max out all your debts: how much you maximise those credit facilities will have an impact. If you have five credit cards and utilise 90 per cent of that credit, it will negatively affect your score.

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UAE currency: the story behind the money in your pockets

Real Madrid 1
Ronaldo (87')

Athletic Bilbao 1
Williams (14')