The 61-year-old activist Kiran Bedi, formerly India's first female police officer, doesn't mess around. When she talks to The National over the phone in advance of an appearance at London's Women of the World festival this week, she's also pedalling on an exercise bike, with newspapers positioned on a table so she can read at the same time, and her BlackBerry within reach. "You can always multitask," she says. "What's important is how much you value your own life."
After she aced her way into the Indian Police Service in 1972, Bedi was known as an uncompromising cop, and famously hauled away the car of prime minister Indira Gandhi with a crane for a parking violation. She didn't tolerate cronyism, and was assigned what she calls a series of "punishment postings", which she turned into outlets for her reformist zeal. As the inspector general of a prison in Delhi, she transformed the institution, setting up education programmes as well as yoga and meditation classes. She was awarded the Ramon Magsaysay Award, sometimes nicknamed the Asian Nobel Peace Prize, for her work there in 1994, and went on to combat police corruption as the director general of the police R&D bureau before leaving the service to set up a series of NGOs. In short, she's had plenty of opportunities to hone her multitasking.
Bedi says she owes her drive to two factors. The first is her parents, whom she describes as "visionary" and who created an atmosphere that was "inspirational, creative, focused, ethical and organised". In the 1950s, Bedi says, every Indian family wanted sons, but hers cherished their four daughters, giving them a world-class education. The second factor to shape Bedi was tennis. Like her father and her sisters, she played competitively until her early 20s, and won both the All-India and All-Asia Championships. As well as discipline, she says, the game strengthened her ethics. "When you play sports you learn to play fair," she says. "I think playing fair had got into my genes."
It didn't do Bedi any favours, though. She already had to deal with sexism and resistance to change. "There were men who would sabotage, men who would create obstacles; they were not easy people," she says. "I had to deal personally with hostility. Sometimes it was very vicious." On top of that, she refused to compromise her morals: hence the prime minister's impounded car. In the face of pressure to conform, she held her ground and says she's never doubted herself or given up on a challenge. "I enforced the laws equally," she says. "My compassion was for the poor and the weak. The rich could take care of themselves."
This was in an institution that Bedi describes as "very hierarchical" and "suffocating". Her seniors were "authoritarian, incommunicative, rule-bound, not transparent and sometimes not clean", so standing up to them meant confrontation. It was these clashes, Bedi says, that led to her being given undesirable jobs such as prison inspecting. "I gave it my best because that was my duty to do," she says, "and those became the best postings of my career." It is this period of her life that will be the focus of the talk at the Southbank Centre in London this weekend; it's also at the heart of a documentary made about her, narrated by Helen Mirren, called Yes Madam, Sir.
Of course, Bedi's detractors paint quite a different picture of her, saying that she hasn't been entirely transparent herself. She has been accused of charging students for a computer training programme that was funded by Microsoft on the understanding that it was free, and of invoicing for business-class fares for functions, despite travelling in economy. The latter she admitted, but said that it was a case of her forgoing comfort to raise money for her NGOs.
These days Bedi splits her time between making appearances to generate funds, managing the NGOs Navjyoti and the India Vision Foundation, and campaigning as a member of India Against Corruption, which is fighting for India to establish an independent body that investigates government corruption. "More than 160 parliamentarians have criminal records," she says. (This figure is also cited on the IAC website.) "We have to do a lot of cleaning up before the 2014 elections."
Still as fierce as ever at an age when many are daydreaming of retirement, Bedi refuses to pick just one goal that she wants to see implemented in her lifetime. "Dreams keep getting added," she says. "My only goal is that I'll continue to be productive. As long as I have health, energy and gratitude, which I have, I will continue to return it as gratitude for society. It's what my parents brought me up for. They are not here to see what I am doing today, but I think it's all out of love, absolute devotion and love for them, for what they left me with."
The Women of the World festival starts tomorrow in London at the Southbank Centre and continues until March 11.
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Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
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
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.”
Pharaoh's curse
British aristocrat Lord Carnarvon, who funded the expedition to find the Tutankhamun tomb, died in a Cairo hotel four months after the crypt was opened.
He had been in poor health for many years after a car crash, and a mosquito bite made worse by a shaving cut led to blood poisoning and pneumonia.
Reports at the time said Lord Carnarvon suffered from “pain as the inflammation affected the nasal passages and eyes”.
Decades later, scientists contended he had died of aspergillosis after inhaling spores of the fungus aspergillus in the tomb, which can lie dormant for months. The fact several others who entered were also found dead withiin a short time led to the myth of the curse.
'The Coddling of the American Mind: How Good Intentions and Bad Ideas are Setting up a Generation for Failure'
Greg Lukianoff and Jonathan Haidt, Penguin Randomhouse
UAE currency: the story behind the money in your pockets
SPEC%20SHEET%3A%20SAMSUNG%20GALAXY%20S23%20ULTRA
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Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
COMPANY%20PROFILE%20
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ENomad%20Homes%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2020%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EHelen%20Chen%2C%20Damien%20Drap%2C%20and%20Dan%20Piehler%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%20and%20Europe%3Cbr%3E%3Cstrong%3EIndustry%3C%2Fstrong%3E%3A%20PropTech%3Cbr%3E%3Cstrong%3EFunds%20raised%20so%20far%3A%3C%2Fstrong%3E%20%2444m%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Acrew%20Capital%2C%2001%20Advisors%2C%20HighSage%20Ventures%2C%20Abstract%20Ventures%2C%20Partech%2C%20Precursor%20Ventures%2C%20Potluck%20Ventures%2C%20Knollwood%20and%20several%20undisclosed%20hedge%20funds%3C%2Fp%3E%0A
The specs
Engine: 4.0-litre V8 twin-turbocharged and three electric motors
Power: Combined output 920hp
Torque: 730Nm at 4,000-7,000rpm
Transmission: 8-speed dual-clutch automatic
Fuel consumption: 11.2L/100km
On sale: Now, deliveries expected later in 2025
Price: expected to start at Dh1,432,000
How to avoid crypto fraud
- Use unique usernames and passwords while enabling multi-factor authentication.
- Use an offline private key, a physical device that requires manual activation, whenever you access your wallet.
- Avoid suspicious social media ads promoting fraudulent schemes.
- Only invest in crypto projects that you fully understand.
- Critically assess whether a project’s promises or returns seem too good to be true.
- Only use reputable platforms that have a track record of strong regulatory compliance.
- Store funds in hardware wallets as opposed to online exchanges.
ETFs explained
Exhchange traded funds are bought and sold like shares, but operate as index-tracking funds, passively following their chosen indices, such as the S&P 500, FTSE 100 and the FTSE All World, plus a vast range of smaller exchanges and commodities, such as gold, silver, copper sugar, coffee and oil.
ETFs have zero upfront fees and annual charges as low as 0.07 per cent a year, which means you get to keep more of your returns, as actively managed funds can charge as much as 1.5 per cent a year.
There are thousands to choose from, with the five biggest providers BlackRock’s iShares range, Vanguard, State Street Global Advisors SPDR ETFs, Deutsche Bank AWM X-trackers and Invesco PowerShares.