Celebrities including singer and actress Hilary Duff are reacting in shock to news of Aaron Carter's death. The former child pop star and brother of Backstreet Boys singer Nick Carter was found dead at his California home on Saturday. He was 34.
The Los Angeles Sheriff's Department confirmed that a deceased person was found in Carter's home but did not provide further details. There were no reports that foul play was suspected.
Duff, who once dated carter, recalled their time together in a heartfelt Instagram post.
“You had a charm that was absolutely effervescent… boy did my teenage self love you deeply," she said. "I’m deeply sorry that life was so hard for you and that you had to struggle in front of the whole world."
Carter, who released his debut album in 1997 when he was only 9 years old, has wrestled with addiction for years, sometimes sharing his experience publicly.
In a 2019 appearance on celebrity wellness TV show The Doctors, he held up a bag full of prescription drugs that he said he took after being diagnosed with multiple personality disorder, schizophrenia, manic depression and anxiety.
He has also been admitted to drug rehabilitation centres on several occasions.
"Fame at a young age is often more a curse than a blessing and surviving it is not easy. RIP Aaron Carter," songwriter Diane Warren wrote on Twitter.
Singer and actor Tyler Hilton, who toured with Carter in 2019, called news of his death "heartbreaking".
"This kid had such a spark. Known him for years and always really liked him, he was warm and really funny. Loved putting on a show and he was good at it," he said.
Television personality and comedian Loni Love called him "funny, talented and cool".
"I felt that he was trying... he really was just trying to be happy. I'm sorry to hear of his passing," she posted on Instagram.
Born on December 7, 1987, in Tampa, Florida, Cater began performing at aged 7, releasing his debut album at aged 9. His second album, Aaron's Party (Come Get It) sold three million copies in the US, propelling him to teen heart-throb status. He became a regular on pre-teen Nickelodeon and Disney shows, including an appearance on the popular Lizzie McGuire.
Actress Melissa Joan Hart also posted a tribute to Carter, who appeared as a guest on her hit show Sabrina the Teenage Witch.
"Sending love to the family and friends and fans of Aaron Carter. Rest In Peace!" Hart posted, along with a photo of the two of them.
Carter's ex-fiancee Melanie Martin, mother of his son, Prince, uploaded a TikTok video of herself crying in a car shortly after news of the death broke.
“My baby,” the model, 30, captioned an Instagram Story photo of herself with the late singer on Saturday. “I can’t breathe.”
Scroll through the gallery below to see other famous people who have died in 2022
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Korean actress Kim Mi-soo died aged 29 on January 5, 2022. Photo: Landmark Entertainment -

Actor Sidney Poitier died aged 94 on January 6, 2022. Getty Images -

Director Peter Bogdanovich died aged 82 on January 6, 2022. AP Photo -

Oscar-winning composer Marilyn Bergman, pictured with her husband, Alan Bergman, died aged 93 on January 8, 2022. AP Photo -

American comedian Bob Saget died aged 65 on January 9, 2022. AP Photo -

Actor Gary Waldhorn died aged 78 on January 10, 2022. Getty Images -

Rock 'n' roll singer Ronnie Spector died aged 78 on January 12, 2022. AFP -

Designer Nino Cerruti died aged 91 on January 15, 2022. EPA -

Andre Leon Talley, fashion journalist and former editor-at-large for US Vogue, died aged 73 on January 18, 2022. EPA -

French actor Gaspard Ulliel died aged 37 on January 19, 2022. AFP -

Marvin Lee Aday, better know as the singer Meat Loaf, died aged 74 on January 20, 2022. EPA -

Actor Louie Anderson died aged 68 on January 21, 2022. Reuters -

Vietnamese Zen Buddhist monk Thich Nhat Hanh, died aged 95 on January 22, 2022. EPA -

Director Bassam Al Mulla died aged 66 on January 22, 2022. Photo: Sana -

Fashion designer Thierry Mugler died aged 73 on January 23, 2022. AFP -

Actor Moses J Moseley died aged 31 on January 26, 2022. Photo: Instagram / Moses J Moseley -

Former Miss USA Cheslie Kryst died aged 30 on January 30, 2022. AFP -

Legendary Bollywood singer Lata Mangeshkar died aged 92 on February 6, 2022. AFP -

Funk singer Betty Davis, ex-wife of jazz musician Miles Davis, died aged 77 on February 9, 2022. Photo: Fin Costello / Redferns -
Filmmaker Ivan Reitman died aged 75 on February 12, 2022. Reuters -

American satirist P J O'Rourke died aged 74 on February 15, 2022. AP Photo -

Bollywood singer and composer Bappi Lahiri died aged 69 on February 15, 2022. AFP -

Jordanian-Lebanese sculptor Mona Saudi died aged 76 on February 16, 2022. Photo: Lawrie Shabibi Gallery -

Singer Jane Marczewski, known as Nightbirde, died aged 31 on February 19, 2022. Photo: NBC -

Lebanese singer Sammy Clark died aged 73 on February 20, 2022. Photo: Department of Culture and Tourism - Abu Dhabi -

British entrepreneur and YouTube star Jamal Edwards died aged 31 on February 20, 2022. AP Photo -

Mark Lanegan, of grunge band Screaming Trees, died aged 57 on February 22, 2022. AP Photo -

Children's author and illustrator Shirley Hughes died aged 94 on February 25, 2022. Getty Images -

Australian cricketer Shane Warne died aged 52 on March 4, 2022. AP Photo -

Emilio Delgado, who played fix-it shop owner Luis on Sesame Street, died aged 81 on March 10, 2022. AP Photo -

Actor William Hurt died aged 71 on March 13, 2022. AP -
Pro wrestler Scott Hall, best known for his time in WWE and WCW, died aged 63 on March 14, 2022. Photo: BANG Showbiz -

Ukrainian actress Oksana Shvets died aged 67 on March 17, 2022. Photo: Twitter -

Madeleine Albright, the first woman to serve as US secretary of state, died aged 84 on March 23, 2022. Reuters -

Foo Fighters drummer Taylor Hawkins died aged 50 on March 25, 2022. AFP -

Actor Paul Herman died on his 76th birthday on March 29, 2022. AFP -

British singer Tom Parker died aged 33, on March 30, 2022. AP Photo -

Rock 'n roll star Bobby Rydell and star of the movie musical Bye Bye Birdie, died aged 79, on April 5, 2022. AP Photo -

US actor and comedian Gilbert Gottfried died aged 67 on April 12, 2022. AFP -

US country music star Naomi Judd died aged 76 on April 30, 2022. AP -

South Korean actress Kang Soo-youn died on May 7, 2022, aged 55. EPA -

The late UAE President Sheikh Khalifa bin Zayed, died aged 73 on May 13, 2022. AP Photo / Wam -

US actor Ray Liotta died on May 26, 2022 aged 67. Reuters -

Bollywood singer Krishnakumar Kunnath, known professionally as KK, died aged 53 on May 31, 2022. AFP -

Alec John Such, right, founding member of the group Bon Jovi, died aged 70 on June 4, 2022. Getty Images -

Cooper Noriega, a popular TikTok content creator, died aged 19 on June 9, 2022. Photo: Instagram /@cooper.noriega -

Philip Baker Hall died aged 90 on June 12, 2022. Invision / AP, File -

Actress Mary Mara died aged 61 on June 26, 2022. WireImage -

Theatre and film director Peter Brook died aged 97 on July 2, 2022 -

Manga star and inventor of Yu-Gi-Oh cards, Japanese cartoonist Kazuki Takahashi, died aged 60 on July 4, 2022. EPA -

US actor James Caan of Godfather fame died aged 82 on July 6, 2022. AFP -

Japan's former prime minister Shinzo Abe died aged 67 on July 8, 2022. AP Photo -

Soprano star Tony Sirico, left, died aged 79 on July 8, 2022. AP -

Ivana Trump, Donald Trump's first wife, died aged 73 on July 14, 2022. Reuters -

Pop artist Claes Oldenburg died aged 93 on July 18, 2022. Archive Photos / Getty Images -

Actress Shonka Dukureh died aged 44 on July 21, 2022. Photo: Warner Bros -
Goodfellas actor Paul Sorvino died aged 83 on July 25, 2022 -

US actress Nichelle Nichols died aged 89 on July 30, 2022. Photo: Bettmann / Corbis -
US actress Pat Carroll died aged 95 on July 30, 2022. AFP -

Basketball champion and the first black coach for any US professional sports team Bill Russell died aged 88 on July 31, 2022. AP Photo -

Australian singer Judith Durham died at the age of 79 in Melbourne on August 5, 2022. EPA -

Japanese fashion designer Issey Miyake died aged 84 on August 5, 2022. AFP -

British-Australian singer and actress Olivia Newton-John died aged 73 on August 8, 2022. EPA -

Author and illustrator Raymond Briggs died aged 88 on August 9, 2022. PA -

Actress Anne Heche died aged 53 on August 11, 2022. AP -

Former Pop Idol contestant and theatre star Darius Campbell Danesh died aged 41 on August 11, 2022. PA -

Director Wolfgang Petersen died aged 81 on August 12, 2022. Reuters -

South African actress and model Charlbi Dean Kriek died aged 32 on August 29, 2022. Photo: Invision / AP -

The last leader of the Soviet Union, former president Mikhail Gorbachev, died aged 91 on August 30, 2022. AP Photo / Boris Yurchenko -

British TV presenter and journalist Bill Turnbull died aged 66 on August 31, 2022. PA Media -

Queen Elizabeth II died at 96 on September 8, 2022. Photo: Royal Household / Ranald Mackechnie / PA Wire -

Philadelphia rapper PnB Rock was fatally shot during a robbery aged 30 on September 12, 2022. Photo: Invision / AP, File -

French film director Jean-Luc Godard died at age 91 on September 13, 2022. AFP -

US lawyer and judge Kenneth Starr died aged 76 on September 13, 2022. AFP -

Author Dame Hilary Mantel died aged 70 on September 22, 2022. Getty Images -

American actress Louise Fletcher died aged 88 on September 23, 2022. Photo: AP, File -

Yemeni oud player Ahmed Alshaiba died aged 32 on September 28, 2022. Getty Images -

US rapper Coolio died aged 59 on September 28, 2022. Photo: Brenda Chase Online USA Inc -

US activist Sacheen Littlefeather died aged 75 on October 2, 2022. AFP -

South Korean comic book artist Kim Jung Gi died aged 47 on October 3, 2022. Photo: Kim Jung Gi -

Grammy Award-winning singer Loretta Lynn died at age 90 on October 4, 2022. Getty Images via AFP -

Dame Angela Lansbury died of natural causes aged 96 on October 11, 2022 -

British actor Robbie Coltrane died at the age of 72 on October 14, 2022. PA Media -

Former Pentagon chief Ash Carter died aged 68 on October 24, 2022. EPA -

US actor Leslie Jordan died aged 67 on October 24, 2022. EPA -

Egyptian writer Bahaa Taher died at 87 on October 27, 2022. EPA -

American rock and roll musician Jerry Lee Lewis died aged 87 on October 28, 2022. Reuters -

US rapper Takeoff, born Kirshnik Khari Ball, died aged 28 on November 1, 2022. Photo: Invision / AP, File -

Singer Aaron Carter died aged 34 on November 5, 2022. EPA -
American actor John Aniston, father of Jennifer Aniston, died aged 89 on November 11, 2022. AP Photo -

The Clash guitarist Keith Levene died aged 65 on November 11, 2022. Mirrorpix -

American actor Jason David Frank died aged 49 on November 19, 2022. Photo: Invision / AP -

Latin Grammy-winning balladeer Pablo Milanes died aged 79 on November 22, 2022. AFP -
Fleetwood Mac keyboardist and singer-songwriter Christine McVie died at age 79 on November 30, 2022. Photo: Invision / AP -

Veteran Filipina actress Sylvia La Torre died aged 89 on December 1, 2022. Photo: Facebook -

Actor, musician and children's author Bob McGrath died aged 90 on December 4, 2022. AP Photo -

American actress Kirstie Alley died at aged 71 on December 5, 2022. EPA -

Filipino musician Jovit Baldivino died aged 29 on December 9, 2022. Photo: Jovit Baldivino / Instagram -

Composer Angelo Badalamenti died aged 85 on December 11, 2022. AP -

Stephen 'tWitch' Boss died aged 40 on December 13, 2022. AFP -

Terry Hall, lead singer of The Specials, died aged 63 on December 18, 2022. PA -

Primal Scream and The Charlatans keyboardist Martin Duffy died aged 55 on December 18, 2022. Getty Images -

Maxi Jazz, lead singer of British group Faithless, died aged 65 on December 23, 2022. EPA -

British actor and comedian John Bird died aged 66 on December 24, 2022. PA -

Musician Joseph 'Jo Mersa' Marley, grandson of Bob Marley, died aged 31 on December 27, 2022. Getty Images -

Brazilian football legend Pele died aged 82 on December 29, 2022. Reuters -

British fashion designer Vivienne Westwood died aged 81 on December 29, 2022. Getty Images -

US television journalist Barbara Walters died aged 93 on December 30, 2022. EPA -

Former pope Benedict XVI died aged 95 on December 31, 2022. AFP
The specs: 2018 Genesis G70
Price, base / as tested: Dh155,000 / Dh205,000
Engine: 3.3-litre, turbocharged V6
Gearbox: Eight-speed automatic
Power: 370hp @ 6,000rpm
Torque: 510Nm @ 1,300rpm
Fuel economy, combined: 10.6L / 100km
While you're here
The National editorial: Turkey's soft power weighs heavy on Europe's Muslims
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Profile
Company: Libra Project
Based: Masdar City, ADGM, London and Delaware
Launch year: 2017
Size: A team of 12 with six employed full-time
Sector: Renewable energy
Funding: $500,000 in Series A funding from family and friends in 2018. A Series B round looking to raise $1.5m is now live.
The specs
Engine: 2.5-litre, turbocharged 5-cylinder
Transmission: seven-speed auto
Power: 400hp
Torque: 500Nm
Price: Dh300,000 (estimate)
On sale: 2022
Director: Laxman Utekar
Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna
Rating: 1/5
SPECS
Engine: Two-litre four-cylinder turbo
Power: 235hp
Torque: 350Nm
Transmission: Nine-speed automatic
Price: From Dh167,500 ($45,000)
On sale: Now
World politics
Sholto Byrnes: How liberals in the West forgot what liberalism is
Rashmee Roshan Lall: Donald Trump will disrupt US democracy
Sholto Byrnes: Populists are the product of failed political parties
UAE central contracts
Full time contracts
Rohan Mustafa, Ahmed Raza, Mohammed Usman, Chirag Suri, Mohammed Boota, Sultan Ahmed, Zahoor Khan, Junaid Siddique, Waheed Ahmed, Zawar Farid
Part time contracts
Aryan Lakra, Ansh Tandon, Karthik Meiyappan, Rahul Bhatia, Alishan Sharafu, CP Rizwaan, Basil Hameed, Matiullah, Fahad Nawaz, Sanchit Sharma
Terror attacks in Paris, November 13, 2015
- At 9.16pm, three suicide attackers killed one person outside the Atade de France during a foootball match between France and Germany
- At 9.25pm, three attackers opened fire on restaurants and cafes over 20 minutes, killing 39 people
- Shortly after 9.40pm, three other attackers launched a three-hour raid on the Bataclan, in which 1,500 people had gathered to watch a rock concert. In total, 90 people were killed
- Salah Abdeslam, the only survivor of the terrorists, did not directly participate in the attacks, thought to be due to a technical glitch in his suicide vest
- He fled to Belgium and was involved in attacks on Brussels in March 2016. He is serving a life sentence in France
BELGIUM%20SQUAD
COMPANY%20PROFILE
Second Test
In Dubai
Pakistan 418-5 (declared)
New Zealand 90 and 131-2 (follow on)
Day 3: New Zealand trail by 197 runs with 8 wickets remaining
More on G20 meeting
What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
Sustainable Development Goals
1. End poverty in all its forms everywhere
2. End hunger, achieve food security and improved nutrition and promote sustainable agriculture
3. Ensure healthy lives and promote well-being for all at all ages
4. Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all
5. Achieve gender equality and empower all women and girls
6. Ensure availability and sustainable management of water and sanitation for all
7. Ensure access to affordable, reliable, sustainable and modern energy for all
8. Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
9. Build resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation
10. Reduce inequality within and among countries
11. Make cities and human settlements inclusive, safe, resilient and sustainable
12. Ensure sustainable consumption and production patterns
13. Take urgent action to combat climate change and its effects
14. Conserve and sustainably use the oceans, seas and marine resources for sustainable development
15. Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss
16. Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels
17. Strengthen the means of implementation and revitalise the global partnership for sustainable development
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
Total eligible population
About 57.5 million people
51.1 million received a jab
6.4 million have not
Where are the unvaccinated?
England 11%
Scotland 9%
Wales 10%
Northern Ireland 14%
Company Profile
Founders: Tamara Hachem and Yazid Erman
Based: Dubai
Launched: September 2019
Sector: health technology
Stage: seed
Investors: Oman Technology Fund, angel investor and grants from Sharjah's Sheraa and Ma'an Abu Dhabi
GREATEST ROYAL RUMBLE CARD
The line-up as it stands for the Greatest Royal Rumble in Saudi Arabia on April 27
50-man Royal Rumble
Universal Championship
Brock Lesnar (champion) v Roman Reigns
Casket match
The Undertaker v Rusev
Intercontinental Championship
Seth Rollins (champion) v The Miz v Finn Balor v Samoa Joe
SmackDown Tag Team Championship
The Bludgeon Brothers v The Usos
Raw Tag Team Championship
Sheamus and Cesaro v Bray Wyatt and Matt Hardy
United States Championship
Jeff Hardy (champion) v Jinder Mahal
Singles match
Triple H v John Cena
To be confirmed
AJ Styles will defend his WWE World Heavyweight title and Cedric Alexander his Cruiserweight Championship, but matches have yet to be announced
While you're here
Hend Al Otaiba: A year ago, Covid-19 forced us apart – now, vaccines can bring us back together
National Editorial: Iata travel pass – 'digital passports' will get the world moving again
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Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
COMPANY%20PROFILE
Top 5 concerns globally:
1. Unemployment
2. Spread of infectious diseases
3. Fiscal crises
4. Cyber attacks
5. Profound social instability
Top 5 concerns in the Mena region
1. Energy price shock
2. Fiscal crises
3. Spread of infectious diseases
4. Unmanageable inflation
5. Cyber attacks
Source: World Economic Foundation
Traits of Chinese zodiac animals
Tiger:independent, successful, volatile
Rat:witty, creative, charming
Ox:diligent, perseverent, conservative
Rabbit:gracious, considerate, sensitive
Dragon:prosperous, brave, rash
Snake:calm, thoughtful, stubborn
Horse:faithful, energetic, carefree
Sheep:easy-going, peacemaker, curious
Monkey:family-orientated, clever, playful
Rooster:honest, confident, pompous
Dog:loyal, kind, perfectionist
Boar:loving, tolerant, indulgent
Specs
Engine: Dual-motor all-wheel-drive electric
Range: Up to 610km
Power: 905hp
Torque: 985Nm
Price: From Dh439,000
Available: Now
Stan%20Lee
The specs
Engine: 6.2-litre supercharged V8
Power: 712hp at 6,100rpm
Torque: 881Nm at 4,800rpm
Transmission: 8-speed auto
Fuel consumption: 19.6 l/100km
Price: Dh380,000
On sale: now
ENGLAND SQUAD
Goalkeepers Pickford (Everton), Pope (Burnley), Henderson (Manchester United)
Defenders Alexander-Arnold (Liverpool), Chilwell (Chelsea), Coady (Wolves), Dier (Tottenham), Gomez (Liverpool), James (Chelsea), Keane (Everton), Maguire (Manchester United), Maitland-Niles (Arsenal), Mings (Aston Villa), Saka (Arsenal), Trippier (Atletico Madrid), Walker (Manchester City)
Midfielders: Foden (Manchester City), Henderson (Liverpool), Grealish (Aston Villa), Mount (Chelsea), Rice (West Ham), Ward-Prowse (Southampton), Winks (Tottenham)
Forwards: Abraham (Chelsea), Calvert-Lewin (Everton), Kane (Tottenham), Rashford (Manchester United), Sancho (Borussia Dortmund), Sterling (Manchester City)
UK%20record%20temperature
Opinions on Lebanon
Kareem Shaheen: Lebanon is being forced to relive its traumas
Michael Young: Hezbollah is losing its ability to intimidate anyone
Raghida Dergham: Lebanon-Israel talks will mark another win for Donald Trump
Profile Periscope Media
Founder: Smeetha Ghosh, one co-founder (anonymous)
Launch year: 2020
Employees: four – plans to add another 10 by July 2021
Financing stage: $250,000 bootstrap funding, approaching VC firms this year
Investors: Co-founders
Miss Granny
Director: Joyce Bernal
Starring: Sarah Geronimo, James Reid, Xian Lim, Nova Villa
3/5
(Tagalog with Eng/Ar subtitles)
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.”
Bob%20Marley%3A%20One%20Love
UAE v Ireland
1st ODI, UAE win by 6 wickets
2nd ODI, January 12
3rd ODI, January 14
4th ODI, January 16
While you're here
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
PROFILE OF INVYGO
Started: 2018
Founders: Eslam Hussein and Pulkit Ganjoo
Based: Dubai
Sector: Transport
Size: 9 employees
Investment: $1,275,000
Investors: Class 5 Global, Equitrust, Gulf Islamic Investments, Kairos K50 and William Zeqiri
Aldar Properties Abu Dhabi T10
*November 15 to November 24
*Venue: Zayed Cricket Stadium, Abu Dhabi
*Tickets: Start at Dh10, from ttensports.com
*TV: Ten Sports
*Streaming: Jio Live
*2017 winners: Kerala Kings
*2018 winners: Northern Warriors
















