• Israeli flags are carried during the right-wing 'flag march' next to the Damascus Gate in Jerusalem's Old City. EPA
    Israeli flags are carried during the right-wing 'flag march' next to the Damascus Gate in Jerusalem's Old City. EPA
  • A drone carrying a Palestinian flag flies over the walls of Jerusalem's Old City during the flag march. EPA
    A drone carrying a Palestinian flag flies over the walls of Jerusalem's Old City during the flag march. EPA
  • Marchers carry Israeli flags. EPA
    Marchers carry Israeli flags. EPA
  • Palestinians throw stones at Israeli forces during protests over Jerusalem's annual flag march, in the West Bank city of Hebron. EPA
    Palestinians throw stones at Israeli forces during protests over Jerusalem's annual flag march, in the West Bank city of Hebron. EPA
  • A Palestinian waves his national flag outside Jerusalem's Old City as Israelis mark Jerusalem Day, which celebrates the capture of the Old City during the 1967 war. AP
    A Palestinian waves his national flag outside Jerusalem's Old City as Israelis mark Jerusalem Day, which celebrates the capture of the Old City during the 1967 war. AP
  • Israeli forces arrest a Palestinian protester in Jerusalem during the flag march. EPA
    Israeli forces arrest a Palestinian protester in Jerusalem during the flag march. EPA
  • Medics carry an injured person to an ambulance amid confrontations between Palestinians and Israeli forces. Reuters
    Medics carry an injured person to an ambulance amid confrontations between Palestinians and Israeli forces. Reuters
  • Israeli border police detain a Palestinian man during the confrontations in Jerusalem's Old City. Reuters
    Israeli border police detain a Palestinian man during the confrontations in Jerusalem's Old City. Reuters
  • Israel claims all of Jerusalem as its capital but Palestinians, who seek East Jerusalem as the capital of a future state, consider the annual flag march provocative. Getty
    Israel claims all of Jerusalem as its capital but Palestinians, who seek East Jerusalem as the capital of a future state, consider the annual flag march provocative. Getty
  • A Palestinian protester flashes the victory sign at Israelis lifting national flags at the Damascus Gate in Jerusalem. AFP
    A Palestinian protester flashes the victory sign at Israelis lifting national flags at the Damascus Gate in Jerusalem. AFP
  • A tense Jerusalem was braced for Israel's flag march as Palestinian groups threatened retaliation over the annual rally. AFP
    A tense Jerusalem was braced for Israel's flag march as Palestinian groups threatened retaliation over the annual rally. AFP
  • A Jewish youth uses pepper spray on Palestinians as violence flares in Jerusalem. Getty
    A Jewish youth uses pepper spray on Palestinians as violence flares in Jerusalem. Getty
  • Palestinian and Jewish youths fight in Jerusalem's Old City. AP
    Palestinian and Jewish youths fight in Jerusalem's Old City. AP
  • Israelis carry national flags in the Old City. Reuters
    Israelis carry national flags in the Old City. Reuters
  • Large numbers of Israeli police were on hand in the Old city of Jerusalem, as the threat of violence lingered. EPA
    Large numbers of Israeli police were on hand in the Old city of Jerusalem, as the threat of violence lingered. EPA
  • Palestinian protesters carry a woman hit by tear gas as chaos broke out. AFP
    Palestinian protesters carry a woman hit by tear gas as chaos broke out. AFP
  • A Palestinian protester remains defiant. AFP
    A Palestinian protester remains defiant. AFP
  • Palestinian and Jewish youths fight at Damascus Gate. AP
    Palestinian and Jewish youths fight at Damascus Gate. AP
  • Israelis wave flags and chant outside Damascus Gate. Reuters
    Israelis wave flags and chant outside Damascus Gate. Reuters
  • Armed border policeman look to quell the violence. Reuters
    Armed border policeman look to quell the violence. Reuters
  • A tug of war ensues over a Palestinian flag. Reuters
    A tug of war ensues over a Palestinian flag. Reuters
  • Last year, the flag parade led to an 11-day war between Israel and Gaza militants. AFP
    Last year, the flag parade led to an 11-day war between Israel and Gaza militants. AFP
  • Israel flags are paraded through Jerusalem's Old City. Reuters
    Israel flags are paraded through Jerusalem's Old City. Reuters
  • Israeli police remove Palestinians from the stairs near the Damascus Gate leading to Jerusalem's Old City. Reuters
    Israeli police remove Palestinians from the stairs near the Damascus Gate leading to Jerusalem's Old City. Reuters
  • At Khan Younis in the southern Gaza Strip, Palestinians wave flags during a protest over the tension in Jerusalem's Al Aqsa Mosque complex. Reuters
    At Khan Younis in the southern Gaza Strip, Palestinians wave flags during a protest over the tension in Jerusalem's Al Aqsa Mosque complex. Reuters
  • Members of Israeli security forces clear people from Damascus Gate as Israelis mark Jerusalem Day. AFP
    Members of Israeli security forces clear people from Damascus Gate as Israelis mark Jerusalem Day. AFP
  • Members of Israeli youth movements dance and wave flags. AP
    Members of Israeli youth movements dance and wave flags. AP
  • An Israeli national flag at the Western Wall in Jerusalem. AFP
    An Israeli national flag at the Western Wall in Jerusalem. AFP

Scores injured in Jerusalem as Israelis hold nationalist flag rally


Rosie Scammell
  • English
  • Arabic

Dozens of Palestinians were wounded in clashes with Israeli forces on Sunday, as parts of occupied East Jerusalem were sealed off to allow Israeli nationalists to hold a controversial march.

Israelis rallied at the Old City’s Damascus Gate waving national flags, with some chanting “death to Arabs”, as marchers commemorated their military’s capture of East Jerusalem in the 1967 Arab-Israeli war.

The Israeli police deployed thousands of officers to secure the Jerusalem Day event, which was slammed as “provocative” by the UN and Palestinians.

Palestinians were kept away from their traditional gathering point of Damascus Gate by Israeli forces for the duration of the event.

“Jerusalem is for the Jewish people,” said Mayan Hacarmi, an 18-year-old marcher, as thousands of flag-bearers arrived at the entryway to the Old City.

Beyond the barriers, The National saw the security forces using stun grenades, rubber bullets and mounted officers against Palestinians.

Stones littered the ground in the East Jerusalem neighbourhoods such as Sheikh Jarrah, with Israeli police saying 50 suspects had been arrested accused of offences such as throwing rocks and assaulting officers.

In one incident, Palestinians and Israelis hurled stones at each other a few hundred metres from Damascus Gate.

The Palestinian Red Crescent Society said their medics treated around 80 people injured by rubber bullets, pepper spray, beatings and falls.

A Palestinian woman and an Israeli journalists were among those pepper sprayed inside the Old City, allegedly by Israeli nationalists.

Medics from Israel’s Magen David Adom said they treated six people hurt by rocks.

Israeli police officers clash with Palestinians during the annual Israeli flag march near Dung Gate on May 29, 2022 in Jerusalem. Getty
Israeli police officers clash with Palestinians during the annual Israeli flag march near Dung Gate on May 29, 2022 in Jerusalem. Getty

Prime Minister Naftali Bennett on Sunday marked Jerusalem Day as "the unity of our capital".

"On this day we commit ourselves: Jerusalem will never again be divided; the people of Israel will never again be divided," said the Israeli premier.

While Israel claims sovereignty over the whole of Jerusalem, the Palestinians seek East Jerusalem as the capital of their future state.

At Damascus Gate, a Jewish American student described the Israeli celebrations as “a special day”.

“Coming through this gate is to make a point,” said 20-year-old Mendel Leverton.

“If you walk through here you’re really showing it’s ours, not just Jaffa Gate, not just that area,” he said, referring to another gateway of the Old City which leads to West Jerusalem.

The flag rally followed tensions at the Al Aqsa Mosque compound earlier on Sunday, where Israeli police facilitated the entry of 2,600 people celebrating Jerusalem Day.

Some of the Jewish groups unfurled Israeli flags at the site, which is the third holiest site in Islam.

The compound is also holy to Jews, who know it as Temple Mount, and they are allowed to visit but not pray there.

Heavily-armed security forces shoved Palestinian Muslims at the compound as officers kept them apart from the Jewish groups. Far-right Israeli lawmaker Itamar Ben-Gvir was among Sunday’s visitors.

The Palestinian Foreign Ministry criticised the Israeli authorities for allowing the “highly incendiary” visits and the “provocative parade” through the Old City.

"The situation on the ground is highly volatile and requires immediate international intervention," the ministry said.

Tor Wennesland, the UN peace envoy in Jerusalem, urged Israeli authorities “to minimise confrontations, frictions and the risk of more violence” ahead of Sunday’s rally.

Palestinian shopkeepers in the Old City said they were told by Israeli police to close their businesses ahead of the flag march.

Abu Kareem, a shopkeeper within view of Damascus Gate, questioned why the rally was being held through his neighbourhood.

"This provokes the feelings of Muslims, the Arabs, the shopkeepers, the residents of the Old City," said the 50-year-old.

"Do you want to start a war just to raise a flag? Because they are coming down through Damascus Gate, the Muslim quarter," he said.

As the annual flag march got underway last May from its starting point in West Jerusalem, rockets were fired at Israel by Gaza militants.

The ensuing 11-day war followed weeks of violence in East Jerusalem, in which medics said more than a thousand Palestinians were wounded along with dozens of police officers.

Hamas, the militant group which rules Gaza, said the flag rally is an “uncalculated, risky enterprise marching to the brink”.

Six things you need to know about UAE Women’s Special Olympics football team

Several girls started playing football at age four

They describe sport as their passion

The girls don’t dwell on their condition

They just say they may need to work a little harder than others

When not in training, they play football with their brothers and sisters

The girls want to inspire others to join the UAE Special Olympics teams

David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

Silent Hill f

Publisher: Konami

Platforms: PlayStation 5, Xbox Series X/S, PC

Rating: 4.5/5

Kill%20Bill%20Volume%201
%3Cp%3E%3Cstrong%3EDirector%3C%2Fstrong%3E%3A%20Quentin%20Tarantino%3Cbr%3E%3Cstrong%3EStars%3C%2Fstrong%3E%3A%20Uma%20Thurman%2C%20David%20Carradine%20and%20Michael%20Madsen%3Cbr%3E%3Cstrong%3ERating%3C%2Fstrong%3E%3A%204.5%2F5%3C%2Fp%3E%0A
The story in numbers

18

This is how many recognised sects Lebanon is home to, along with about four million citizens

450,000

More than this many Palestinian refugees are registered with UNRWA in Lebanon, with about 45 per cent of them living in the country’s 12 refugee camps

1.5 million

There are just under 1 million Syrian refugees registered with the UN, although the government puts the figure upwards of 1.5m

73

The percentage of stateless people in Lebanon, who are not of Palestinian origin, born to a Lebanese mother, according to a 2012-2013 study by human rights organisation Frontiers Ruwad Association

18,000

The number of marriages recorded between Lebanese women and foreigners between the years 1995 and 2008, according to a 2009 study backed by the UN Development Programme

77,400

The number of people believed to be affected by the current nationality law, according to the 2009 UN study

4,926

This is how many Lebanese-Palestinian households there were in Lebanon in 2016, according to a census by the Lebanese-Palestinian dialogue committee

Switching%20sides
%3Cp%3EMahika%20Gaur%20is%20the%20latest%20Dubai-raised%20athlete%20to%20attain%20top%20honours%20with%20another%20country.%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EVelimir%20Stjepanovic%20(Serbia%2C%20swimming)%20%3C%2Fstrong%3E%0D%3Cbr%3EBorn%20in%20Abu%20Dhabi%20and%20raised%20in%20Dubai%2C%20he%20finished%20sixth%20in%20the%20final%20of%20the%202012%20Olympic%20Games%20in%20London%20in%20the%20200m%20butterfly%20final.%20%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EJonny%20Macdonald%20(Scotland%2C%20rugby%20union)%20%3C%2Fstrong%3E%0D%3Cbr%3EBrought%20up%20in%20Abu%20Dhabi%20and%20represented%20the%20region%20in%20international%20rugby.%20When%20the%20Arabian%20Gulf%20team%20was%20broken%20up%20into%20its%20constituent%20nations%2C%20he%20opted%20to%20play%20for%20Scotland%20instead%2C%20and%20went%20to%20the%20Hong%20Kong%20Sevens.%20%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ESophie%20Shams%20(England%2C%20rugby%20union)%20%3C%2Fstrong%3E%0D%3Cbr%3EThe%20daughter%20of%20an%20English%20mother%20and%20Emirati%20father%2C%20Shams%20excelled%20at%20rugby%20in%20Dubai%2C%20then%20after%20attending%20university%20in%20the%20UK%20played%20for%20England%20at%20sevens.%20%0D%3C%2Fp%3E%0A
COMPANY PROFILE
Name: Akeed

Based: Muscat

Launch year: 2018

Number of employees: 40

Sector: Online food delivery

Funding: Raised $3.2m since inception 

SCORES

Multiply Titans 81-2 in 12.1 overs
(Tony de Zorzi, 34)

bt Auckland Aces 80 all out in 16 overs
(Shawn von Borg 4-15, Alfred Mothoa 2-11, Tshepo Moreki 2-16).

UAE SQUAD

 Khalid Essa (Al Ain), Ali Khaseif (Al Jazira), Adel Al Hosani (Sharjah), Mahmoud Khamis (Al Nasr), Yousef Jaber (Shabab Al Ahli Dubai), Khalifa Al Hammadi (Jazira), Salem Rashid (Jazira), Shaheen Abdelrahman (Sharjah), Faris Juma (Al Wahda), Mohammed Shaker (Al Ain), Mohammed Barghash (Wahda), Abdulaziz Haikal (Shabab Al Ahli), Ahmed Barman (Al Ain), Khamis Esmail (Wahda), Khaled Bawazir (Sharjah), Majed Surour (Sharjah), Abdullah Ramadan (Jazira), Mohammed Al Attas (Jazira), Fabio De Lima (Al Wasl), Bandar Al Ahbabi (Al Ain), Khalfan Mubarak (Jazira), Habib Fardan (Nasr), Khalil Ibrahim (Wahda), Ali Mabkhout (Jazira), Ali Saleh (Wasl), Caio (Al Ain), Sebastian Tagliabue (Nasr).

BIGGEST CYBER SECURITY INCIDENTS IN RECENT TIMES

SolarWinds supply chain attack: Came to light in December 2020 but had taken root for several months, compromising major tech companies, governments and its entities

Microsoft Exchange server exploitation: March 2021; attackers used a vulnerability to steal emails

Kaseya attack: July 2021; ransomware hit perpetrated REvil, resulting in severe downtime for more than 1,000 companies

Log4j breach: December 2021; attackers exploited the Java-written code to inflitrate businesses and governments

How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less
The biog

Hometown: Cairo

Age: 37

Favourite TV series: The Handmaid’s Tale, Black Mirror

Favourite anime series: Death Note, One Piece and Hellsing

Favourite book: Designing Brand Identity, Fifth Edition

Company%20profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Fasset%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2019%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Mohammad%20Raafi%20Hossain%2C%20Daniel%20Ahmed%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%3C%2Fstrong%3E%20%242.45%20million%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2086%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Pre-series%20B%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Investcorp%2C%20Liberty%20City%20Ventures%2C%20Fatima%20Gobi%20Ventures%2C%20Primal%20Capital%2C%20Wealthwell%20Ventures%2C%20FHS%20Capital%2C%20VN2%20Capital%2C%20local%20family%20offices%3C%2Fp%3E%0A
England squads for Test and T20 series against New Zealand

Test squad: Joe Root (capt), Jofra Archer, Stuart Broad, Rory Burns, Jos Buttler, Zak Crawley, Sam Curran, Joe Denly, Jack Leach, Saqib Mahmood, Matthew Parkinson, Ollie Pope, Dominic Sibley, Ben Stokes, Chris Woakes

T20 squad: Eoin Morgan (capt), Jonny Bairstow, Tom Banton, Sam Billings, Pat Brown, Sam Curran, Tom Curran, Joe Denly, Lewis Gregory, Chris Jordan, Saqib Mahmood, Dawid Malan, Matt Parkinson, Adil Rashid, James Vince

Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea

Our legal consultants

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants

LEADERBOARD
%3Cp%3E-19%20T%20Fleetwood%20(Eng)%3B%20-18%20R%20McIlroy%20(NI)%2C%20T%20Lawrence%20(SA)%3B%20-16%20J%20Smith%3B%20-15%20F%20Molinari%20(Ita)%3B%20-14%20Z%20Lombard%20(SA)%2C%20S%20Crocker%20(US)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ESelected%3A%20%3C%2Fstrong%3E-11%20A%20Meronk%20(Pol)%3B%20-10%20E%20Ferguson%20(Sco)%3B%20-8%20R%20Fox%20(NZ)%20-7%20L%20Donald%20(Eng)%3B%20-5%20T%20McKibbin%20(NI)%2C%20N%20Hoejgaard%20(Den)%3C%2Fp%3E%0A
The specs

Engine: 2.0-litre 4-cylinder turbo hybrid

Transmission: eight-speed automatic

Power: 390bhp

Torque: 400Nm

Price: Dh340,000 ($92,579

Two products to make at home

Toilet cleaner

1 cup baking soda 

1 cup castile soap

10-20 drops of lemon essential oil (or another oil of your choice) 

Method:

1. Mix the baking soda and castile soap until you get a nice consistency.

2. Add the essential oil to the mix.

Air Freshener

100ml water 

5 drops of the essential oil of your choice (note: lavender is a nice one for this) 

Method:

1. Add water and oil to spray bottle to store.

2. Shake well before use. 

Paatal Lok season two

Directors: Avinash Arun, Prosit Roy 

Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong

Rating: 4.5/5

In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

The Greatest Royal Rumble card as it stands

The Greatest Royal Rumble card as it stands

50-man Royal Rumble - names entered so far include Braun Strowman, Daniel Bryan, Kurt Angle, Big Show, Kane, Chris Jericho, The New Day and Elias

Universal Championship Brock Lesnar (champion) v Roman Reigns in a steel cage match

WWE World Heavyweight ChampionshipAJ Styles (champion) v Shinsuke Nakamura

Intercontinental Championship Seth Rollins (champion) v The Miz v Finn Balor v Samoa Joe

United States Championship Jeff Hardy (champion) v Jinder Mahal

SmackDown Tag Team Championship The Bludgeon Brothers (champions) v The Usos

Raw Tag Team Championship (currently vacant) Cesaro and Sheamus v Matt Hardy and Bray Wyatt

Casket match The Undertaker v Chris Jericho

Singles match John Cena v Triple H

Cruiserweight Championship Cedric Alexander v tba

Company%20profile
%3Cp%3EDate%20started%3A%20January%202022%3Cbr%3EFounders%3A%20Omar%20Abu%20Innab%2C%20Silvia%20Eldawi%2C%20Walid%20Shihabi%3Cbr%3EBased%3A%20Dubai%3Cbr%3ESector%3A%20PropTech%20%2F%20investment%3Cbr%3EEmployees%3A%2040%3Cbr%3EStage%3A%20Seed%3Cbr%3EInvestors%3A%20Multiple%3C%2Fp%3E%0A
Lexus LX700h specs

Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

Torque: 790Nm from 2,000-3,600rpm

Transmission: 10-speed auto

Fuel consumption: 11.7L/100km

On sale: Now

Price: From Dh590,000

GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet
Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

'Brazen'

Director: Monika Mitchell

Starring: Alyssa Milano, Sam Page, Colleen Wheeler

Rating: 3/5

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.”

Brief scores:

​​​​​​Toss: Pakhtunkhwa Zalmi, chose to field

​Environment Agency: 193-3 (20 ov)
Ikhlaq 76 not out, Khaliya 58, Ahsan 55

Pakhtunkhwa Zalmi: 194-2 (18.3 ov)
Afridi 95 not out, Sajid 55, Rizwan 36 not out

Result: Pakhtunkhwa won by 8 wickets

Key recommendations
  • Fewer criminals put behind bars and more to serve sentences in the community, with short sentences scrapped and many inmates released earlier.
  • Greater use of curfews and exclusion zones to deliver tougher supervision than ever on criminals.
  • Explore wider powers for judges to punish offenders by blocking them from attending football matches, banning them from driving or travelling abroad through an expansion of ‘ancillary orders’.
  • More Intensive Supervision Courts to tackle the root causes of crime such as alcohol and drug abuse – forcing repeat offenders to take part in tough treatment programmes or face prison.
WOMAN AND CHILD

Director: Saeed Roustaee

Starring: Parinaz Izadyar, Payman Maadi

Rating: 4/5

RACECARD
%3Cp%3E5pm%3A%20Al%20Shamkha%20%E2%80%93%20Maiden%20(PA)%20Dh80%2C000%20(Turf)%201%2C400m%0D%3Cbr%3E5.30pm%3A%20Khalifa%20City%20%E2%80%93%20Handicap%20(PA)%20Dh80%2C000%20(T)%201%2C400m%0D%3Cbr%3E6pm%3A%20Masdar%20City%20%E2%80%93%20Handicap%20(PA)%20Dh80%2C000%20(T)%201%2C600m%0D%3Cbr%3E6.30pm%3A%20Wathba%20Stallions%20Cup%20%E2%80%93%20Handicap%20(PA)%20Dh70%2C000%20(T)%202%2C200m%0D%3Cbr%3E7pm%3A%20Emirates%20Championship%20%E2%80%93%20Group%201%20(PA)%20Dh1%2C000%2C000%20(T)%202%2C200m%0D%3Cbr%3E7.30pm%3A%20Shakbout%20City%20%E2%80%93%20Handicap%20(TB)%20Dh80%2C000%20(T)%202%2C400m%3C%2Fp%3E%0A
Updated: May 29, 2022, 8:00 PM