Classic loafers by Emirati brand Zaia. Photo: Zaia
Classic loafers by Emirati brand Zaia. Photo: Zaia
Classic loafers by Emirati brand Zaia. Photo: Zaia
Classic loafers by Emirati brand Zaia. Photo: Zaia

Black Book: Zaia loafers, Armani Casa in Dubai and Audemars Piguet x Kaws


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Every week, The National's Luxury magazine team puts together Black Book, a cheat sheet of the most interesting and noteworthy arrivals in fashion, watches, jewellery and cars.

Zaia's singular focus

The Classic by Zaia is the brand's only loafer. Photo: Zaia
The Classic by Zaia is the brand's only loafer. Photo: Zaia

Zaia is the epitome of dedication to craft, in that it makes just one style of shoe. Created by Emirati designer Zainab Abdulla, Zaia only makes the Classic loafer. A modern slip-on fashioned from suede and calfskin, it has a sturdy white rubber sole for durability, and each shoe is decorated with a fine twist of leather across the upper.

Perfect with trousers, skirts and dresses, it is designed to see the wearer through summery weather, and the languid cool of the Middle Eastern winter. Available in the staple tones of pitch black, inky blue, tan and true brown, it also comes in sophisticated shades such as crimson, silver grey, olive and stone taupe alongside limited-edition colours such as the pinkish hue of strawberry milk, the warm orange of sunset and a pale pistachio shade called matcha.

Bottega Veneta x Flos lamps

Bottega Veneta and Flos have reinterpreted the classic Model 600 table lamp by Gino Sarfatti. Photo: Bottega Veneta
Bottega Veneta and Flos have reinterpreted the classic Model 600 table lamp by Gino Sarfatti. Photo: Bottega Veneta

Bottega Veneta and Italian lighting brand Flos have collaborated to reinterpret the classic Model 600 table lamp created by Gino Sarfatti. The lamp, first designed in 1966, the same year Bottega Veneta was founded, now carries Bottega Veneta's signature intrecciato leather design, while maintaining the original look of the lamp.

Bold in design, this collaboration is available in two sizes and four colours including the brand's famous green. A celebration of innovation and craftsmanship, it is a stylish lighting solution that looks just as good on a side table as it does on the floor.

Armani Casa brings Milanese interiors to Dubai

Armani Casa at Dubai Mall Zabeel brings a touch of Milanese interiors. Photo: Armani Casa
Armani Casa at Dubai Mall Zabeel brings a touch of Milanese interiors. Photo: Armani Casa

Italian designer Giorgio Armani has opened a new Armani/Casa store covering 360 square meters in Dubai Mall Zabeel. The new store echoes a concept that was first revealed in the Milanese flagship. Blending smooth pale oak interiors with platinum metal mesh screens for a sophisticated atmosphere, the space is filled with contemporary classics of furniture, lighting, textiles and accessories, offering a fusion of simple chic with a touch of modern elegance.

Audemars Piguet teams up with Kaws

Audemars Piguet x Kaws Royal Oak Concept Tourbillon 'Companion'. Photo: Audemars Piguet
Audemars Piguet x Kaws Royal Oak Concept Tourbillon 'Companion'. Photo: Audemars Piguet

Audemars Piguet has become known for taking on bold collaborations that create pop culture moments, such as with the Royal Oak Concept “Black Panther” Flying Tourbillon. Now the Audemars Piguet x Kaws Royal Oak Concept Tourbillon "Companion", is the latest entry into the canon, this time with American artist Kaws.

Real name Brian Donnelly, his famous Companion cartoon mouse figure fills the dial, and is here reworked as a skeleton with the famous Kaws cross-stitched eyes. At 43mm, the titanium case has extra contrasting facets, while the hexagonal bezel has a series of screws that come with the same Kaws crossed marking. The caseback meanwhile has been engraved with "Limited Edition of 250 pieces." To accompany these timepieces, Donnelly has created an 11-metre-high matching figure on the roof of the Audemars Piguet headquarters in Switzerland.

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.”

Best Academy: Ajax and Benfica

Best Agent: Jorge Mendes

Best Club : Liverpool   

 Best Coach: Jurgen Klopp (Liverpool)  

 Best Goalkeeper: Alisson Becker

 Best Men’s Player: Cristiano Ronaldo

 Best Partnership of the Year Award by SportBusiness: Manchester City and SAP

 Best Referee: Stephanie Frappart

Best Revelation Player: Joao Felix (Atletico Madrid and Portugal)

Best Sporting Director: Andrea Berta (Atletico Madrid)

Best Women's Player:  Lucy Bronze

Best Young Arab Player: Achraf Hakimi

 Kooora – Best Arab Club: Al Hilal (Saudi Arabia)

 Kooora – Best Arab Player: Abderrazak Hamdallah (Al-Nassr FC, Saudi Arabia)

 Player Career Award: Miralem Pjanic and Ryan Giggs

Company%20Profile
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Updated: November 22, 2024, 10:01 AM