The opinion article 'A magnificent century' made less so by its dark corners (November 10) raises some important questions about Turkey's past.
Judging from the history of the Turkish nation, concealing historical truths and failing to recognise its own past actions is a means to preserve national identity.
For instance, the Turkish penal code makes it illegal to insult Turkey or Turkish identity, and this discourages and even makes it illegal for local grass-roots organisations to examine and scrutinise their country's past actions, from a sultan's treatment of women all the way to the ethnic cleansing of the Armenian, Greek, Assyrian and Kurdish populations.
These issues will not just die out and fade away. On the contrary. People always work diligently in search of truth, and a significant portion of truth comes from the past. It can be contained, suppressed and delayed, but never destroyed.
Anto Narguizian, Lebanon
Protect kids from flavoured tobacco
I write in reference to the article Tobacco sold 'like sweets' to children (November 8). If school kids are getting addicted to the tobacco product known as Chaini Khaini, why can't the product be banned from coming to the UAE?
Or, if it is prepared here, producers should be help responsible when it is consumed by children. Perhaps Dubai health officials could also inspect shops and remove the product when it's found.
Farida Siddiqui, Abu Dhabi
Mobile options are far too limited
The UAE has one of the highest mobile phone penetration rates in the world. And yet, the country has only two mobile phone companies that are allowed to operate.
Paradoxically, this lack of competition hurts Etisalat and du, which see no need to innovate to keep customers. In fact, both choose to price themselves out of that most basic function of a telephone provider: long distance.
A call to India during normal hours is charged at Dh3 per minute, or around 40 Indian rupees, while Vodafone Mumbai charges 9 rupees a minute to call the UAE.
Much more needs to be done before the users in the UAE free themselves from the clutches of "missed call syndrome", when a mobile phone user here simply rings someone oversees, and waits for a call back.
Amitabh Saxena, Dubai
Nothing alarming about poor profits
Why the Alarm raised over fourth straight quarterly loss for GGICO (November 10)? This "alarm" is applicable to more than 80 per cent of the listed companies in UAE.
Abdulla Al Binali, Abu Dhabi
Ocean race report short on details
We are readers of your Volvo Ocean Race reports, but after reading the most recent instalment (Azzam sails with new mast, November 10) we know little more about the race than before.
We have learnt that it is less windy and that one boat has chosen a different course and another is damaged. But what are the sailing conditions, apart from wind speed? What are the crews doing? Who is leading and why?
There are other boats than Azzam in this race. Please report on them all in detail instead of concentrating on the mast replacement, which is something we already have enough knowledge of.
We need information not sensationalism.
Caelan and Alan Smith, Australia
More diet and rest for our students
The Ministry of Education should be advised to think again about requiring parents to send their children to school during the week of Eid (Empty desks as parents extend Eid for children, November 10). But in truth, the length of holidays is not all that needs to change with the country's education system.
The amount of junk food that children eat, late bedtimes - these and many other factors are all reasons for poor performance in schools.
Attending school is important, but first, a healthy diet and plenty of sleep will work wonders for all children.
Nargis Walker, Abu Dhabi
Justice in Gujarat was long overdue
This is in reference to your news story, Indian court convicts 31 over religious riots (November 10).
After nine years this verdict was good news for the victims' families. Despite criticism from various parties I am happy that the Indian judiciary exists to bring justice to the guilty, and apply punishment when it is justly deserved.
K Ragavan, India
What vitamins do we know are beneficial for living in the UAE
Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.
Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.
Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.
Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.
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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
The White Lotus: Season three
Creator: Mike White
Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell
Rating: 4.5/5
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Dresos%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20September%202020%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Vladimir%20Radojevic%20and%20Aleksandar%20Jankovic%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%2C%20UAE%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Fashion%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%24285%2C000%3B%20%24500%2C000%20currently%20being%20raised%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Crowdfunding%2C%20family%2C%20friends%20and%20self-funding%3C%2Fp%3E%0A
RESULT
Bayer Leverkusen 2 Bayern Munich 4
Leverkusen: Alario (9'), Wirtz (89')
Bayern: Coman (27'), Goretzka (42'), Gnabry (45'), Lewandowski (66')
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.”
The Dictionary of Animal Languages
Heidi Sopinka
Scribe
White hydrogen: Naturally occurring hydrogen
Chromite: Hard, metallic mineral containing iron oxide and chromium oxide
Ultramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica content
Ophiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on land
Olivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour