It was January 8, 2020 when Prince Harry and Meghan Markle announced they would be stepping down as senior members of Britain's royal family.
The move wasn’t perhaps quite as shocking as the British tabloids, which went into collective meltdown over the news, made out.
As far back as 2016, Prince Harry had indicated feelings of discontent, particularly with the treatment of his then-girlfriend at the hands of the media.
In November that year, Kensington Palace released a statement, saying: “[Harry’s] girlfriend, Meghan Markle, has been subject to a wave of abuse and harassment. Some of this has been very public – the smear on the front page of a national newspaper; the racial undertones of comment pieces; and the outright sexism and racism of social media trolls and web article comments.”
And the couple followed up in April 2020 by writing to the editors of UK publications The Mail Online, The Mirror, The Express and The Sun, stating they would no longer work with them or allow them access to their schedules and tours.
“It is gravely concerning that an influential slice of the media, over many years, has sought to insulate themselves from taking accountability for what they say or print – even when they know it to be distorted, false, or invasive beyond reason,” the statement said.
After announcing their intent to step down in January, the couple officially parted ways with The Firm on March 31, 2020.
Here are some key events that have taken place in the past year.
Blindsided Palace scrambles over ‘complicated’ split
Taking to Instagram on January 8, 2020, Harry, 36, and Meghan, 39, announced they were stepping down as senior royals, saying the decision had come “after many months of reflection and internal discussions”.
“We intend to step back as 'senior' members of the Royal Family and work to become financially independent, while continuing to fully support Her Majesty The Queen,” they said, insisting that despite quitting the UK for North America, they were “continuing to honour our duty to the Queen, the Commonwealth and our patronages.”
However, it was believed that Queen Elizabeth II and other royals had not been expecting the announcement and were left blindsided by the Duke and Duchess of Sussex’s statement.
This led to Buckingham Palace rushing out its own statement the following day, declaring: “Discussions with the Duke and Duchess of Sussex are at an early stage. We understand their desire to take a different approach, but these are complicated issues that will take time to work through.”
“I think it indicates a real strength of feeling in the palace tonight – maybe not so much about what has been done, but about how it has been done – and the lack of consultation I think will sting,” said BBC royal correspondent Jonny Dymond.
From Canada to California
One month after their announcement, the pair were ordered to cease using the title “royal”, meaning they had to rebrand their SussexRoyal Instagram and rethink a host of initiatives under the name.
The pair, along with baby Archie, then moved to Canada in March 2020, opting to stay at a private residence on Vancouver Island, while diplomats from both Britain and Canada fought over who would be footing their security bill.
However, less than one month later, the couple quit the Commonwealth country for Los Angeles, holing up at the mansion of Hollywood actor and producer Tyler Perry. They then snapped up a nine-bedroom $14.7 million home in Santa Barbara, California, which Prince Charles is said to have helped them buy.
"They were always heading to LA, that was the master plan," Vanity Fair's royal correspondent, Katie Nicholl, said. "Meghan wants to be near her mum, which is understandable at this time, and they clearly have projects in the pipeline and wanted to get to LA as quickly as possible."
$135 million in endorsement deals and charity work
Before they quit the British royal family, together, Meghan and Harry were said to be worth around $30 million, with Harry bringing $25 million from his inheritance from Princess Diana and an annual allowance from Prince Charles.
The pair’s first step towards financial independence came in the form of a deal with streaming giant Netflix, which they signed in September 2020. Rumoured to be worth around $100 million, in a statement, the couple said: “Our focus will be on creating content that informs but also gives hope. As new parents, making inspirational family programming is also important to us.”
In between taking on new charitable endeavours for LA's baby2baby, as well as delivering food to vulnerable people during the height of the pandemic, the duke and duchess also signed a deal with Swedish audio streamer, Spotify, said to be worth $35 million.
Harry said the purpose of the podcasts and interviews he and Meghan will be releasing through their Archewell Audio concept will be “to bring forward different perspectives and voices that perhaps you haven't heard before and find our common ground.”
Their first podcast, released at the end of last year, featured Elton John, Deepak Chopra, James Corden, Tyler Perry and more, talking about the effect the pandemic had had upon their lives.
Paying back renovation costs
One criticism the couple drew when stepping down was the wasted cost of renovating Frogmore Cottage, their Windsor Castle residence, which had been revitalised in 2019.
In September 2020, Prince Harry repaid the £2.4 million in British taxpayers’ money that was used to renovate the property before he and Meghan moved to California.
Harry made a contribution to the Sovereign Grant, the public money that goes to the royal family, a spokesman for the couple said, adding that the donation “fully covered the necessary renovation costs".
The spokesman said Frogmore Cottage would remain the home of the Duke and Duchess of Sussex when they visit the UK.
Developing their foundation
With charity at the heart of Harry and Meghan’s work, the pair have been busy building their Archewell Foundation, which they established after leaving the royal family.
Recently posting an open letter to the site, the couple wrote: “Together, we can choose courage, healing, and connection. Together, we can choose to put compassion in action. We invite you to join us. As we work to build a better world, one act of compassion at a time.”
Harry also shared a photo of himself as a child with his mother, Diana, while Meghan shared a sweet snap of herself with her mum, Doria. The Foundation has already entered into partnerships with the Centre for Humane Technology and the World Central Kitchen, among others, while the audio and studio arms focus on their various productions.
“The decision that I have made for my wife and I to step back is not one I made lightly,” said Harry in a speech shortly after the news about Megxit broke. “It was so many months of talks after so many years of challenges. And I know I haven’t always gotten it right, but as far as this goes, there really was no other option.”
And with foundations and institutes clamouring to work with Archewell, and a continued stream of Spotify podcasts and Netflix shows on the horizon for this year, the general feeling in both the worlds of business and philanthropy is that Harry and Meghan’s brand will go from strength to strength in 2021.
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
UK’s AI plan
- AI ambassadors such as MIT economist Simon Johnson, Monzo cofounder Tom Blomfield and Google DeepMind’s Raia Hadsell
- £10bn AI growth zone in South Wales to create 5,000 jobs
- £100m of government support for startups building AI hardware products
- £250m to train new AI models
Strait of Hormuz
Fujairah is a crucial hub for fuel storage and is just outside the Strait of Hormuz, a vital shipping route linking Middle East oil producers to markets in Asia, Europe, North America and beyond.
The strait is 33 km wide at its narrowest point, but the shipping lane is just three km wide in either direction. Almost a fifth of oil consumed across the world passes through the strait.
Iran has repeatedly threatened to close the strait, a move that would risk inviting geopolitical and economic turmoil.
Last month, Iran issued a new warning that it would block the strait, if it was prevented from using the waterway following a US decision to end exemptions from sanctions for major Iranian oil importers.
How much do leading UAE’s UK curriculum schools charge for Year 6?
- Nord Anglia International School (Dubai) – Dh85,032
- Kings School Al Barsha (Dubai) – Dh71,905
- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
*Annual tuition fees covering the 2024/2025 academic year
Skoda Superb Specs
Engine: 2-litre TSI petrol
Power: 190hp
Torque: 320Nm
Price: From Dh147,000
Available: Now
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
Read more about the coronavirus
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WHAT IS A BLACK HOLE?
1. Black holes are objects whose gravity is so strong not even light can escape their pull
2. They can be created when massive stars collapse under their own weight
3. Large black holes can also be formed when smaller ones collide and merge
4. The biggest black holes lurk at the centre of many galaxies, including our own
5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed
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PAKISTAN SQUAD
Abid Ali, Fakhar Zaman, Imam-ul-Haq, Shan Masood, Azhar Ali (test captain), Babar Azam (T20 captain), Asad Shafiq, Fawad Alam, Haider Ali, Iftikhar Ahmad, Khushdil Shah, Mohammad Hafeez, Shoaib Malik, Mohammad Rizwan (wicketkeeper), Sarfaraz Ahmed (wicketkeeper), Faheem Ashraf, Haris Rauf, Imran Khan, Mohammad Abbas, Mohammad Hasnain, Naseem Shah, Shaheen Afridi, Sohail Khan, Usman Shinwari, Wahab Riaz, Imad Wasim, Kashif Bhatti, Shadab Khan and Yasir Shah.
Know before you go
- Jebel Akhdar is a two-hour drive from Muscat airport or a six-hour drive from Dubai. It’s impossible to visit by car unless you have a 4x4. Phone ahead to the hotel to arrange a transfer.
- If you’re driving, make sure your insurance covers Oman.
- By air: Budget airlines Air Arabia, Flydubai and SalamAir offer direct routes to Muscat from the UAE.
- Tourists from the Emirates (UAE nationals not included) must apply for an Omani visa online before arrival at evisa.rop.gov.om. The process typically takes several days.
- Flash floods are probable due to the terrain and a lack of drainage. Always check the weather before venturing into any canyons or other remote areas and identify a plan of escape that includes high ground, shelter and parking where your car won’t be overtaken by sudden downpours.
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.”
Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
- Do not leave electric scooter in locations that obstruct traffic or pedestrians
- Solo riders only, no passengers allowed
- Do not drive outside designated lanes
UAE currency: the story behind the money in your pockets
ESSENTIALS
The flights
Emirates flies from Dubai to Phnom Penh via Yangon from Dh2,700 return including taxes. Cambodia Bayon Airlines and Cambodia Angkor Air offer return flights from Phnom Penh to Siem Reap from Dh250 return including taxes. The flight takes about 45 minutes.
The hotels
Rooms at the Raffles Le Royal in Phnom Penh cost from $225 (Dh826) per night including taxes. Rooms at the Grand Hotel d'Angkor cost from $261 (Dh960) per night including taxes.
The tours
A cyclo architecture tour of Phnom Penh costs from $20 (Dh75) per person for about three hours, with Khmer Architecture Tours. Tailor-made tours of all of Cambodia, or sites like Angkor alone, can be arranged by About Asia Travel. Emirates Holidays also offers packages.
Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
Where to donate in the UAE
The Emirates Charity Portal
You can donate to several registered charities through a “donation catalogue”. The use of the donation is quite specific, such as buying a fan for a poor family in Niger for Dh130.
The General Authority of Islamic Affairs & Endowments
The site has an e-donation service accepting debit card, credit card or e-Dirham, an electronic payment tool developed by the Ministry of Finance and First Abu Dhabi Bank.
Al Noor Special Needs Centre
You can donate online or order Smiles n’ Stuff products handcrafted by Al Noor students. The centre publishes a wish list of extras needed, starting at Dh500.
Beit Al Khair Society
Beit Al Khair Society has the motto “From – and to – the UAE,” with donations going towards the neediest in the country. Its website has a list of physical donation sites, but people can also contribute money by SMS, bank transfer and through the hotline 800-22554.
Dar Al Ber Society
Dar Al Ber Society, which has charity projects in 39 countries, accept cash payments, money transfers or SMS donations. Its donation hotline is 800-79.
Dubai Cares
Dubai Cares provides several options for individuals and companies to donate, including online, through banks, at retail outlets, via phone and by purchasing Dubai Cares branded merchandise. It is currently running a campaign called Bookings 2030, which allows people to help change the future of six underprivileged children and young people.
Emirates Airline Foundation
Those who travel on Emirates have undoubtedly seen the little donation envelopes in the seat pockets. But the foundation also accepts donations online and in the form of Skywards Miles. Donated miles are used to sponsor travel for doctors, surgeons, engineers and other professionals volunteering on humanitarian missions around the world.
Emirates Red Crescent
On the Emirates Red Crescent website you can choose between 35 different purposes for your donation, such as providing food for fasters, supporting debtors and contributing to a refugee women fund. It also has a list of bank accounts for each donation type.
Gulf for Good
Gulf for Good raises funds for partner charity projects through challenges, like climbing Kilimanjaro and cycling through Thailand. This year’s projects are in partnership with Street Child Nepal, Larchfield Kids, the Foundation for African Empowerment and SOS Children's Villages. Since 2001, the organisation has raised more than $3.5 million (Dh12.8m) in support of over 50 children’s charities.
Noor Dubai Foundation
Sheikh Mohammed bin Rashid Al Maktoum launched the Noor Dubai Foundation a decade ago with the aim of eliminating all forms of preventable blindness globally. You can donate Dh50 to support mobile eye camps by texting the word “Noor” to 4565 (Etisalat) or 4849 (du).