The 19-year-old singer Justin Bieber allegedly assaulted one of his neighbours. EPA
The 19-year-old singer Justin Bieber allegedly assaulted one of his neighbours. EPA
The 19-year-old singer Justin Bieber allegedly assaulted one of his neighbours. EPA
The 19-year-old singer Justin Bieber allegedly assaulted one of his neighbours. EPA

Justin Bieber flies back to LA and into more trouble


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Justin Bieber flew from Europe back to Los Angeles on Tuesday and got into an argument with one of his neighbours – the latest in a series of odd incidents involving the singer. Deputies were called to Bieber's house on Tuesday after a neighbour claimed he had been threatened and struck by the 19-year-old singer. A police report alleging battery and threats by Bieber had been filed. The alleged altercation took place after the singer flew overnight from Poland, startling Lodz airport officials by stripping off his shirt on a freezing evening as he walked through security and to his private jet. The incident follows Bieber's odd behaviour during his European tour, including wearing a gas mask on a night out. TMZ.com reported the dispute was provoked by Bieber driving a newly delivered Ferrari up and down the street at high speed on Tuesday morning. – Reuters

Timberlake's album sells 968K in 1st week

Justin Timberlake's comeback album has sold nearly a million units in its first week out. Nielsen -SoundScan said the album, The 20/20 Experience, has sold 968,000 units. His label RCA Records had projected that 20/20 would sell 500,000 to 600,000 units. Timberlake, 31, was strategic about promoting his comeback effort: he performed at the Grammys, hosted Saturday Night Live and spent an entire week on the talk show Late Night with Jimmy Fallon. – AP

Dress in white, Psy tells his fans

The South Korean rapper Psy wants his fans to turn up in white at his April concert where he will launch a new song that he hopes will cement the success of Gangnam Style. "See this pic and let's be white on 0413", Psy posted on Twitter, referring to the April 13 concert to be held in Seoul. He then posed in a variety of white clothing, ranging from a spacesuit to tennis whites. Psy has not yet revealed what song he will release. Last week, he announced his next song will be titled Assarabia but quickly retracted and said he would change it over worries it could offend Arabs. – Reuters

Mirren up for Best Actress at Olivier

Helen Mirren received another accolade for her performance as Queen Elizabeth II on Tuesday – a Best Actress nomination at Britain's Olivier theatre awards. Mirren is nominated for The Audience, alongside Billie Piper for The Effect and Kristin Scott Thomas for Old Times. The Best Actor nominees include Rupert Everett for his turn as Oscar Wilde in The Judas Kiss and James McAvoy for Macbeth. Other nominees include Michael Ball and Imelda Staunton for Sweeney Todd. Winners will be announced April 28 at London's Royal Opera House. – AP

Pretty Little Liars gets a spin-off

The US network ABC Family is banking on its biggest hit Pretty Little Liars, green-lighting it for a fifth season and approving a spin-off. The new show, Ravenswood, will follow five strangers whose lives become intertwined by a deadly curse that has plagued their town for generations. It’s scheduled to premiere in October. Pretty Little Liars, which broadcasts on MBC4 in the UAE, returns for its fourth season in June. – AP

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SERIES INFO

Afghanistan v Zimbabwe, Abu Dhabi Sunshine Series

All matches at the Zayed Cricket Stadium, Abu Dhabi

Test series

1st Test: Zimbabwe beat Afghanistan by 10 wickets
2nd Test: Wednesday, 10 March – Sunday, 14 March

Play starts at 9.30am

T20 series

1st T20I: Wednesday, 17 March
2nd T20I: Friday, 19 March
3rd T20I: Saturday, 20 March

TV
Supporters in the UAE can watch the matches on the Rabbithole channel on YouTube

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.”

Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

Sunday's Super Four matches

Dubai, 3.30pm
India v Pakistan

Abu Dhabi, 3.30pm
Bangladesh v Afghanistan

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Pakistan T20 series squad

Sarfraz Ahmed (captain), Fakhar Zaman, Ahmed Shahzad, Babar Azam, Shoaib Malik, Mohammed Hafeez, Imad Wasim, Shadab Khan, Mohammed Nawaz, Faheem Ashraf, Hasan Ali, Amir Yamin, Mohammed Amir (subject to fitness clearance), Rumman Raees, Usman Shinwari, Umar Amin

UAE currency: the story behind the money in your pockets
The specs
Engine: 3.6 V6

Transmission: 8-speed auto

Power: 295bhp

Torque: 353Nm

Price: Dh155,000

On sale: now 

Kamindu Mendis bio

Full name: Pasqual Handi Kamindu Dilanka Mendis

Born: September 30, 1998

Age: 20 years and 26 days

Nationality: Sri Lankan

Major teams Sri Lanka's Under 19 team

Batting style: Left-hander

Bowling style: Right-arm off-spin and slow left-arm orthodox (that's right!)

the pledge

I pledge to uphold the duty of tolerance

I pledge to take a first stand against hate and injustice

I pledge to respect and accept people whose abilities, beliefs and culture are different from my own

I pledge to wish for others what I wish for myself

I pledge to live in harmony with my community

I pledge to always be open to dialogue and forgiveness

I pledge to do my part to create peace for all

I pledge to exercise benevolence and choose kindness in all my dealings with my community

I pledge to always stand up for these values: Zayed's values for tolerance and human fraternity

Squad

Ali Kasheif, Salim Rashid, Khalifa Al Hammadi, Khalfan Mubarak, Ali Mabkhout, Omar Abdulrahman, Mohammed Al Attas, Abdullah Ramadan, Zayed Al Ameri (Al Jazira), Mohammed Al Shamsi, Hamdan Al Kamali, Mohammed Barghash, Khalil Al Hammadi (Al Wahda), Khalid Essa, Mohammed Shaker, Ahmed Barman, Bandar Al Ahbabi (Al Ain), Al Hassan Saleh, Majid Suroor (Sharjah) Walid Abbas, Ahmed Khalil (Shabab Al Ahli), Tariq Ahmed, Jasim Yaqoub (Al Nasr), Ali Saleh, Ali Salmeen (Al Wasl), Hassan Al Muharami (Baniyas) 

BRIEF SCORES

England 353 and 313-8 dec
(B Stokes 112, A Cook 88; M Morkel 3-70, K Rabada 3-85)  
(J Bairstow 63, T Westley 59, J Root 50; K Maharaj 3-50)
South Africa 175 and 252
(T Bavuma 52; T Roland-Jones 5-57, J Anderson 3-25)
(D Elgar 136; M Ali 4-45, T Roland-Jones 3-72)

Result: England won by 239 runs
England lead four-match series 2-1

The biog

Name: Salvador Toriano Jr

Age: 59

From: Laguna, The Philippines

Favourite dish: Seabass or Fish and Chips

Hobbies: When he’s not in the restaurant, he still likes to cook, along with walking and meeting up with friends.