• A man is carried by police and protesters during a rally marking two years since the start of a mass protest movement demanding political change, in the Algerian capital, Algiers. Reuters
    A man is carried by police and protesters during a rally marking two years since the start of a mass protest movement demanding political change, in the Algerian capital, Algiers. Reuters
  • Algerians gesture during a demonstration in the capital Algiers, marking the second anniversary of the rise of the country’s anti-government Hirak protest movement. Police were in force on the streets of the city, and helicopters hovered overhead as checkpoints created traffic jams. AFP
    Algerians gesture during a demonstration in the capital Algiers, marking the second anniversary of the rise of the country’s anti-government Hirak protest movement. Police were in force on the streets of the city, and helicopters hovered overhead as checkpoints created traffic jams. AFP
  • An elderly man confronts police officers during a demonstration in the Algerian capital Algiers, marking the second anniversary of the country’s anti-government Hirak protest movement. AFP
    An elderly man confronts police officers during a demonstration in the Algerian capital Algiers, marking the second anniversary of the country’s anti-government Hirak protest movement. AFP
  • Algerians rally in the capital Algiers, marking the second anniversary of the country’s anti-government Hirak protest movement. AFP
    Algerians rally in the capital Algiers, marking the second anniversary of the country’s anti-government Hirak protest movement. AFP
  • Algerian policemen block protesters from advancing during a demonstration in the capital Algiers, marking the second anniversary of the country’s anti-government Hirak protest movement. AFP
    Algerian policemen block protesters from advancing during a demonstration in the capital Algiers, marking the second anniversary of the country’s anti-government Hirak protest movement. AFP
  • Algerians march with a national flag during a demonstration in the capital Algiers. AFP
    Algerians march with a national flag during a demonstration in the capital Algiers. AFP
  • Protesters gather in the Algerian capital Algiers to mark the second anniversary of the country’s Hirak anti-government protest movement. AFP
    Protesters gather in the Algerian capital Algiers to mark the second anniversary of the country’s Hirak anti-government protest movement. AFP
  • Protesters gather in the Algerian capital Algiers to mark the second anniversary of the country’s Hirak anti-government protest movement. AFP
    Protesters gather in the Algerian capital Algiers to mark the second anniversary of the country’s Hirak anti-government protest movement. AFP
  • Protesters chant slogans during a demonstration in the Algerian capital Algiers. AFP
    Protesters chant slogans during a demonstration in the Algerian capital Algiers. AFP

Algerian activists dismiss Abdelmajid Tebboune’s moves on anniversary of Hirak protests


  • English
  • Arabic

Algerian activists dismissed President Abdelmajid Tebboune's long-awaited dissolution of parliament and cabinet reshuffle as they marked the second anniversary on Monday of mass protests that ousted his long-serving predecessor.

"These decisions don't satisfy us," civil rights lawyer Mustafa Bouchachi told The National. "The regime is only throwing dust in the eyes through taking such measures on the eve of the second anniversary of the protests."

Mr Tebboune announced that he was dissolving parliament in an address to the nation last week. Three days later he conducted a limited government reshuffle that kept the prime minister and left major portfolios untouched.

  • Demonstrators carry national flags as they gather in the town of Kherrata, marking two years since the start of a mass protest movement there demanding political change, Algeria. Reuters
    Demonstrators carry national flags as they gather in the town of Kherrata, marking two years since the start of a mass protest movement there demanding political change, Algeria. Reuters
  • Algerian people protest demanding political change as they mark the second anniversary of mass protests in the town of Kherrata, east of Algiers. EPA
    Algerian people protest demanding political change as they mark the second anniversary of mass protests in the town of Kherrata, east of Algiers. EPA
  • Algerians rally in the northern town of Kherrata marking some of the first Hirak protests. AFP
    Algerians rally in the northern town of Kherrata marking some of the first Hirak protests. AFP
  • Demonstrators march during a protest in the town of Kherrata. Reuters
    Demonstrators march during a protest in the town of Kherrata. Reuters
  • Algerians rally in the northern town of Kherrata marking some of the first Hirak protests. AFP
    Algerians rally in the northern town of Kherrata marking some of the first Hirak protests. AFP
  • Algerians rally in the northern town of Kherrata marking some of the first Hirak protests. AFP
    Algerians rally in the northern town of Kherrata marking some of the first Hirak protests. AFP
  • Algerian people protest demanding political change as they mark the second anniversary of mass protests in the town of Kherrata, east of Algiers. EPA
    Algerian people protest demanding political change as they mark the second anniversary of mass protests in the town of Kherrata, east of Algiers. EPA
  • Demonstrators gesture as they gather in the town of Kherrata, marking two years since the start of a mass protest movement there demanding political change. Reuters
    Demonstrators gesture as they gather in the town of Kherrata, marking two years since the start of a mass protest movement there demanding political change. Reuters

The president also announced the release of dozens of political prisoners and jailed activists from the Hirak protest movement, which began on February 22, 2019 and helped sweep president Abdelaziz Bouteflika from two decades in power.

At least 35 prisoners have been released so far, according to rights activists who say that more than 90 people, including activists, social media users and journalists, were taken into custody in connection with the Hirak movement.

“Some of the activists got out of prison by a presidential pardon and others by a conditional release. I am saddened by the state of the Algerian judiciary today that took orders from the political elite, the first time to prosecute the activists and then to release them,” Mr Bouchachi said.

“It’s used as a tool by this totalitarian regime ruling Algeria today.”

A video grab from Algeria 3 public channel shows President Abdelmadjid Tebboune giving a televised speech in which he called for dissolution of parliament and early elections, on February 18, 2021 in Algiers. Algerie 3 / AFP
A video grab from Algeria 3 public channel shows President Abdelmadjid Tebboune giving a televised speech in which he called for dissolution of parliament and early elections, on February 18, 2021 in Algiers. Algerie 3 / AFP

Mr Tebboune's televised speech came after thousands of Algerians rallied last Tuesday in the northern town of Kherrata, regarded as the cradle of the Hirak movement, to protest against worsening economic conditions and the government's mismanagement of the coronavirus crisis and its effects.

Demonstrators carried Algerian and Berber flags and shouted slogans against the military and Mr Tebboune.

"A civilian state, not military. Freedom of the press and of expression. An independent judiciary," read one banner.

On Sunday Mr Tebboune named a new energy minister for the Opec-member country, with Mohamed Arkab, a former mining minister, replacing Abdelmadjid Attar, the presidency said.

Industry minister Ferhat-Ait Aliwas was let go, as well those heading a handful of other ministries, including water, tourism and public works.

Among those keeping their posts were Prime Minister Abdelaziz Djerad and Justice Minister Belkacem Zeghmati.

A date for parliamentary elections has not been set, but the vote should take place within three months, according to the constitution. The deadline can be extended once for another three months.

"Announcing the date of the elections is a step that's more important than dissolving the parliament. What Tebboune announced is an incomplete and immature step and totally out of the political context," political writer and analyst Kamel Mansari told The National.

Mr Tebboune, 75, a former prime minister under Mr Bouteflika, was elected president in late 2019 in a poll boycotted by the protesters. Official data put the turnout at only around 40 per cent.

His recurring medical trips abroad in recent months for vaguely described illnesses have added to Algerians’ concerns and sent a wave of uncertainty across the nation that was ruled for six years by a de facto elite covered by the shadowy presence of an ailing Mr Bouteflika.

Mr Tebboune made two trips to Germany since October for treatment for Covid-19 complications, according to presidency statements. The first one lasted more than two months.

“The president and his government targeted the political effect of such announcements on the street to convince people against protesting on Monday,” Mr Mansari said.

The government did not leave anything to chance.

Security forces cordoned off the Algerian capital and police in uniform and in plain clothes spread on all its main streets, according to activists.

Opposition analysts and figures were shunned by all the private and public media outlets in the country, they said.

“These measures show that the regime has no good intentions and doesn’t want to listen to the demands of the Algerian street and build a real democratic state,” Mr Bouchachi, the civil rights lawyer, said.

“The regime wants to deceive the public into believing that things are changing but in fact what is happening is just a redecoration of the facade of the authoritarian regime,” he said.

“This will only lead to deepening the political crisis while already suffering from a financial one.”

Algeria’s overall budget deficit deteriorated to minus 9.6 per cent of its GDP in 2019, owing to a decline in hydrocarbon revenue and a rise in capital expenditure.

Oil revenue accounts for 60 per cent of the state budget and 94 per cent of total export revenue.

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

Results

1. Lewis Hamilton (Mercedes) 1hr 32mins 03.897sec

2. Max Verstappen (Red Bull-Honda) at 0.745s

3. Valtteri Bottas (Mercedes) 37.383s

4. Lando Norris (McLaren) 46.466s

5.Sergio Perez (Red Bull-Honda) 52.047s

6. Charles Leclerc (Ferrari) 59.090s

7. Daniel Ricciardo (McLaren) 1:06.004

8. Carlos Sainz Jr (Ferrari) 1:07.100

9. Yuki Tsunoda (AlphaTauri-Honda) 1:25.692

10. Lance Stroll (Aston Martin-Mercedes) 1:26.713,

The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
UAE currency: the story behind the money in your pockets
Education reform in Abu Dhabi

 

The emirate’s public education system has been in a constant state of change since the New School Model was launched in 2010 by the Abu Dhabi Education Council. The NSM, which is also known as the Abu Dhabi School Model, transformed the public school curriculum by introducing bilingual education starting with students from grades one to five. Under this new curriculum, the children spend half the day learning in Arabic and half in English – being taught maths, science and English language by mostly Western educated, native English speakers. The NSM curriculum also moved away from rote learning and required teachers to develop a “child-centered learning environment” that promoted critical thinking and independent learning. The NSM expanded by one grade each year and by the 2017-2018 academic year, it will have reached the high school level. Major reforms to the high school curriculum were announced in 2015. The two-stream curriculum, which allowed pupils to elect to follow a science or humanities course of study, was eliminated. In its place was a singular curriculum in which stem -- science, technology, engineering and maths – accounted for at least 50 per cent of all subjects. In 2016, Adec announced additional changes, including the introduction of two levels of maths and physics – advanced or general – to pupils in Grade 10, and a new core subject, career guidance, for grades 10 to 12; and a digital technology and innovation course for Grade 9. Next year, the focus will be on launching a new moral education subject to teach pupils from grades 1 to 9 character and morality, civic studies, cultural studies and the individual and the community.

THE%20HOLDOVERS
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65
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Company%C2%A0profile
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EPyppl%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EEstablished%3A%20%3C%2Fstrong%3E2017%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EAntti%20Arponen%20and%20Phil%20Reynolds%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20financial%20services%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestment%3A%3C%2Fstrong%3E%20%2418.5%20million%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EEmployees%3A%3C%2Fstrong%3E%20150%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFunding%20stage%3A%3C%2Fstrong%3E%20series%20A%2C%20closed%20in%202021%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20venture%20capital%20companies%2C%20international%20funds%2C%20family%20offices%2C%20high-net-worth%20individuals%3C%2Fp%3E%0A
THE SPECS

Engine: 3.6-litre V6

Transmission: eight-speed automatic

Power: 285bhp

Torque: 353Nm

Price: TBA

On sale: Q2, 2020

UFC Fight Night 2

1am – Early prelims

2am – Prelims

4am-7am – Main card

7:30am-9am – press cons

'Skin'

Dir: Guy Nattiv

Starring: Jamie Bell, Danielle McDonald, Bill Camp, Vera Farmiga

Rating: 3.5/5 stars

UAE tour of Zimbabwe

All matches in Bulawayo
Friday, Sept 26 – UAE won by 36 runs
Sunday, Sept 28 – Second ODI
Tuesday, Sept 30 – Third ODI
Thursday, Oct 2 – Fourth ODI
Sunday, Oct 5 – First T20I
Monday, Oct 6 – Second T20I

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
Results
%3Cp%3E%3Cstrong%3EStage%202%3A%3C%2Fstrong%3E%3Cbr%3E1.%20Soudal%E2%80%93Quick-Step%20-%2018%E2%80%9911%E2%80%9D%3Cbr%3E2.%20EF%20Education%20%E2%80%93%20EasyPost%20-%201%22%3Cbr%3E3.%20Ineos%20Grenadiers%20-%203%22%3Cbr%3E%3Cstrong%3EGeneral%20classification%3A%3C%2Fstrong%3E%3Cbr%3E1.%20Lucas%20Plapp%20(AUS)%20Ineos%20Grenadiers%3Cbr%3E2.%20Remco%20Evenepoel%20(BEL)%20Soudal%E2%80%93Quick-Step%20-%20ST%3Cbr%3E3.%20Nikias%20Arndt%20(GER)%20Bahrain%20Victorious%20-%203%22%3C%2Fp%3E%0A
The specs: 2018 Volkswagen Teramont

Price, base / as tested Dh137,000 / Dh189,950

Engine 3.6-litre V6

Gearbox Eight-speed automatic

Power 280hp @ 6,200rpm

Torque 360Nm @ 2,750rpm

Fuel economy, combined 11.7L / 100km

Veere di Wedding
Dir: Shashanka Ghosh
Starring: Kareena Kapoo-Khan, Sonam Kapoor, Swara Bhaskar and Shikha Talsania ​​​​​​​
Verdict: 4 Stars

Last 10 winners of African Footballer of the Year

2006: Didier Drogba (Chelsea and Ivory Coast)
2007: Frederic Kanoute (Sevilla and Mali)
2008: Emmanuel Adebayor (Arsenal and Togo)
2009: Didier Drogba (Chelsea and Ivory Coast)
2010: Samuel Eto’o (Inter Milan and Cameroon)
2011: Yaya Toure (Manchester City and Ivory Coast)
2012: Yaya Toure (Manchester City and Ivory Coast)
2013: Yaya Toure (Manchester City and Ivory Coast)
2014: Yaya Toure (Manchester City and Ivory Coast)
2015: Pierre-Emerick Aubameyang (Borussia Dortmund and Gabon)
2016: Riyad Mahrez (Leicester City and Algeria)

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.”

 

 

List of officials:

Referees: Chris Broad, David Boon, Jeff Crowe, Andy Pycroft, Ranjan Madugalle and Richie Richardson.

Umpires: Aleem Dar, Kumara Dharmasena, Marais Erasmus, Chris Gaffaney, Ian Gould, Richard Illingworth, Richard Kettleborough, Nigel Llong, Bruce Oxenford, Ruchira Palliyaguruge, Sundaram Ravi, Paul Reiffel, Rod Tucker, Michael Gough, Joel Wilson and Paul Wilson.

LA LIGA FIXTURES

Thursday (All UAE kick-off times)

Sevilla v Real Betis (midnight)

Friday

Granada v Real Betis (9.30pm)

Valencia v Levante (midnight)

Saturday

Espanyol v Alaves (4pm)

Celta Vigo v Villarreal (7pm)

Leganes v Real Valladolid (9.30pm)

Mallorca v Barcelona (midnight)

Sunday

Atletic Bilbao v Atletico Madrid (4pm)

Real Madrid v Eibar (9.30pm)

Real Sociedad v Osasuna (midnight)

PROFILE OF INVYGO

Started: 2018

Founders: Eslam Hussein and Pulkit Ganjoo

Based: Dubai

Sector: Transport

Size: 9 employees

Investment: $1,275,000

Investors: Class 5 Global, Equitrust, Gulf Islamic Investments, Kairos K50 and William Zeqiri

In numbers: China in Dubai

The number of Chinese people living in Dubai: An estimated 200,000

Number of Chinese people in International City: Almost 50,000

Daily visitors to Dragon Mart in 2018/19: 120,000

Daily visitors to Dragon Mart in 2010: 20,000

Percentage increase in visitors in eight years: 500 per cent

EXPATS
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Lulu%20Wang%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Nicole%20Kidman%2C%20Sarayu%20Blue%2C%20Ji-young%20Yoo%2C%20Brian%20Tee%2C%20Jack%20Huston%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A