Palin's move foxes the commentators


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Sarah Palin's move to put her mouth to the megaphone that is Fox News is causing a

.

As vice-presidential candidate she was widely criticised, even ridiculed in the press, which was at times marked by its partisan coverage of the US election. Even the conservative safe havens, including her new employers, couldn't help but include some sardonic commentary when Palin's obvious lack of geographical knowledge became embarrassing:

Long after the snickers died down the network was once again dutifully behind Palin and the Republican's message on healthcare. So much so, in fact, that Sean Hannity admitted it had  let an "inadvertent  mistake" slip into its coverage of her attendance at a rally last November. The network used footage of a rally two months earlier,  where far more Republican supporters were present. The inconsistency was aired by The Daily Show with Jon Stewart, forcing this apology:

The motives behind Palin's move to Fox News as a part-time contributor, which will doubtlessly raise her profile and bank balance, have divided opinion among commentators.

After her unexpected resignation as governor in the summer, the question on everyone's mind was what next? Was this a move designed to vault her into a position to run for president in the next general election, as

? Clearly

, however Howard Kurtz of the Washington Post thinks

.

Whatever her designs, she should feel right at home alongside some of Obama's staunchest critics. Her new colleagues, including Bill O'reilly and Sean Hannity, enjoy some of the highest ratings in cable news, the former of which she'll join as a pundit on "The O'Reilly Factor" for her first duty.

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Europa League final

Who: Marseille v Atletico Madrid
Where: Parc OL, Lyon, France
When: Wednesday, 10.45pm kick off (UAE)
TV: BeIN Sports

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Company: Rent Your Wardrobe 

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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.”

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Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

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