Britain's Prince Philip leaves hospital after five days



LONDON // Britain's Prince Philip, the husband of Queen Elizabeth II, left hospital on Saturday after five days of treatment for a bladder infection that sparked concerns for the 90-year-old's health.

The prince shook hands with staff, smiled and nodded when asked if he was feeling better as he walked out of King Edward VII Hospital in central London just in time to celebrate his 91st birthday on Sunday.

Britain's longest-serving consort was taken to the hospital on Monday with a bladder infection in the midst of huge celebrations for the queen's diamond jubilee, less than six months after treatment for a blocked coronary artery.

Wearing a sports jacket and beige trousers and a pink patterned tie, he walked slowly but without help from the hospital on Saturday to be whisked away in a Land Rover with police escort, seemingly in good spirits.

But it was unclear whether he would be able to carry out a hectic schedule of royal engagements in the coming week, and he appeared fragile as he entered the vehicle, grimacing before recovering to smile and wave at well-wishers.

Using the prince's formal title, a spokesman for Buckingham Palace said: "The Duke of Edinburgh was released from hospital this morning.

"He continues to make a good recovery and will continue his convalescence at home, and will be spending it privately."

He was to travel to Windsor Castle just outside London, the BBC reported.

The palace said earlier in the week that the prince was being treated with antibiotics.

His illness forced him to miss the final two days of celebrations for 86-year-old Queen Elizabeth's 60 years on the throne, including a spectacular pop concert outside Buckingham Palace on Monday.

Crowds at the concert cheered and shouted "Philip! Philip!" after heir to the throne Prince Charles suggested, "If we shout loud enough, he might just hear us in hospital."

He also missed an appearance on the balcony of Buckingham Palace on Monday, at which more crowds of revellers cheered the queen and fellow royals.

But Prince Philip had been at the Queen's side for a huge jubilee river pageant last Sunday, travelling with her on a sumptuous red and gold royal barge down the Thames in London accompanied by a flotilla of 1,000 boats.

Doctors told British media the hours of wind, rain and chilly temperatures might have worsened his infection, but the prince had appeared well during the pageant, laughing and pointing out sights to younger royals.

The couple's granddaughter Princess Eugenie, 22, told Britain's Sky news in an interview broadcast Saturday, "They are the most incredibly supportive couple to each other."

On the jubilee, she added: "Grandpa was unfortunately taken ill and for Granny to come and do that alone was probably quite testing.

"And I think he is her rock, really, and she is his."

Philip suffered chest pains in the Christmas break and underwent a medical procedure for his blocked coronary artery. His health has generally been good but he said before his 90th birthday he would scale down his engagements.

It was not yet known whether he would be able to keep to his busy schedule of events next week, the spokesman said.

Philip is due to give a garden party with the queen at Sandringham House in Norfolk, eastern England, on Tuesday and both are scheduled to attend a jubilee picnic in neighbouring Lincolnshire on Wednesday.

More events follow in the week for the royal couple and Philip is also to chair a conference for senior regimental colonels and hold a dinner at Buckingham Palace on Friday.

Prince Philip has been a constant by his wife's side throughout her 60 years as queen, having given up a promising naval career to be a full-time consort when she acceded to the throne in 1952.

He shares her sense of duty and tradition but not always her diplomatic skills. He is known for his off-the-cuff japes that have famously strayed into the politically incorrect.

Prince Philippos of Greece and Denmark was born on a kitchen table on Corfu on June 10, 1921, the only son of prince Andrew of Greece and princess Alice of Battenberg.

He was formally introduced to princess Elizabeth in 1939, but it was not until July 1947 that their engagement was announced.

They married on November 20 at Westminster Abbey, with Philip giving up his Greek and Danish titles.

Besides their four children, Charles, Anne, Andrew and Edward, the royal couple have eight grandchildren and two great-grandchildren.

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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Company profile

Name: Tharb

Started: December 2016

Founder: Eisa Alsubousi

Based: Abu Dhabi

Sector: Luxury leather goods

Initial investment: Dh150,000 from personal savings

 

Series information

Pakistan v Dubai

First Test, Dubai International Stadium

Sun Oct 6 to Thu Oct 11

Second Test, Zayed Stadium, Abu Dhabi

Tue Oct 16 to Sat Oct 20          

 Play starts at 10am each day

 

Teams

 Pakistan

1 Mohammed Hafeez, 2 Imam-ul-Haq, 3 Azhar Ali, 4 Asad Shafiq, 5 Haris Sohail, 6 Babar Azam, 7 Sarfraz Ahmed, 8 Bilal Asif, 9 Yasir Shah, 10, Mohammed Abbas, 11 Wahab Riaz or Mir Hamza

 Australia

1 Usman Khawaja, 2 Aaron Finch, 3 Shaun Marsh, 4 Mitchell Marsh, 5 Travis Head, 6 Marnus Labuschagne, 7 Tim Paine, 8 Mitchell Starc, 9 Peter Siddle, 10 Nathan Lyon, 11 Jon Holland

SPECS
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UEFA CHAMPIONS LEAGUE FIXTURES

All kick-off times 10.45pm UAE ( 4 GMT) unless stated

Tuesday
Sevilla v Maribor
Spartak Moscow v Liverpool
Manchester City v Shakhtar Donetsk
Napoli v Feyenoord
Besiktas v RB Leipzig
Monaco v Porto
Apoel Nicosia v Tottenham Hotspur
Borussia Dortmund v Real Madrid

Wednesday
Basel v Benfica
CSKA Moscow Manchester United
Paris Saint-Germain v Bayern Munich
Anderlecht v Celtic
Qarabag v Roma (8pm)
Atletico Madrid v Chelsea
Juventus v Olympiakos
Sporting Lisbon v Barcelona

War

Director: Siddharth Anand

Cast: Hrithik Roshan, Tiger Shroff, Ashutosh Rana, Vaani Kapoor

Rating: Two out of five stars 

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The specs

Engine: Four electric motors, one at each wheel

Power: 579hp

Torque: 859Nm

Transmission: Single-speed automatic

Price: From Dh825,900

On sale: Now

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