Iraqi Prime Minister Mustafa Al Kadhimi at a meeting with US President Joe Biden in July, in Jeddah, Saudi Arabia. AP
Iraqi Prime Minister Mustafa Al Kadhimi at a meeting with US President Joe Biden in July, in Jeddah, Saudi Arabia. AP
Iraqi Prime Minister Mustafa Al Kadhimi at a meeting with US President Joe Biden in July, in Jeddah, Saudi Arabia. AP
Iraqi Prime Minister Mustafa Al Kadhimi at a meeting with US President Joe Biden in July, in Jeddah, Saudi Arabia. AP

Iran-backed political groups in Iraq divided over keeping caretaker PM in office


Sinan Mahmoud
  • English
  • Arabic

A rift is widening among Iran-backed political groups in Iraq over how to deal with the Shiite cleric Moqtada Al Sadr's demands before a crucial meeting to solve months of political deadlock over forming a new government.

Mr Al Sadr withdrew his movement from national politics after an increasingly bitter row with the Co-ordination Framework, a coalition of mainly Iran-backed parties which suffered major losses in elections a year ago.

He now wants parliament to be dissolved and has suggested keeping caretaker Prime Minster Mustafa Al Kadhimi and President Barham Salih in office to oversee a second round of early elections.

The row over government formation has led to mass protests and armed clashes. Mr Al Sadr won the most votes in the election, but not enough for an absolute majority.

Almost a year has elapsed and the country has failed to form a new government due to rival factions. Although the Sadrists secured 73 seats in the 329-seat chamber, they have failed to form a majority government with Sunnis and Kurds.

Mr Al Sadr has sought to sideline rivals who have pushed for a consensus government in which they would gain or retain control of ministries.

Frustrated over the failure to turn election gains into government formation, Mr Al Sadr has been sending shock waves through Iraq's political scene since June.

He ordered his followers to resign from parliament and endorsed a weeks-long sit-in and protests inside and outside the parliament to derail Co-ordination Framework efforts to hold a session.

Fears of new civil war

Bloody street battles erupted late last month between Mr Al Sadr’s militias and Tehran-allied groups inside in Baghdad — at one point dragging in regular security forces directly under government control. Serious violence was also reported in the country's south, with political and militia offices attacked by gunfire and a number of people reported killed in clashes.

The nearly 24-hour crisis left at least 30 dead and hundreds wounded, leading to fears Iraq was sliding into a new civil war.

The last national poll was held early following demands by a national protest movement that was met with extreme violence from security forces, leading to the resignation of former prime minister Adil Abdul Mahdi's government.

Analysts say yet another election would further dent public faith in national politics.

Three politicians who requested anonymity told The National on Tuesday that Co-ordination Framework leaders had failed to reach an agreement on Saturday on how to meet Mr Al Sadr’s demands ahead of a meeting with him planned for this month.

The politicians said senior Co-ordination Framework leader Hadi Al Amiri and former prime minister Haider Al Abadi, and a few others, are pushing to replace the coalition's candidate for prime minister, Mohammed Shia Al Sudani, who Mr Al Sadr rejected.

They are suggesting either keeping Mr Al Kadhimi in post as Mr Al Sadr wishes, or to back National Security Adviser Qassim Al Araji, the politicians added.

That suggestion has been strongly rejected by former prime minster Nouri Al Maliki and Qais Al Khazaali, leader of the influential armed group Asaib Ahl Al Haq, they said. Both are seen as Mr Al Sadr's main rivals.

“That camp is looking for solutions to get out while the other one still wants to provoke Al Sadr even if it leads to confrontations again with him,” one politician who attended Saturday's meeting said.

“We saw how stubbornness threw us into a chaos and how blood was shed in the streets,” he added.

“That doesn't mean that this camp supports Al Kadhimi as a person, but it is one of the ways to offer solutions to ease the tension,” another said.

Moqtada Al Sadr announces resignation - in pictures

  • Smoke billows in the background in the capital Baghdad during an army-imposed nationwide curfew a day after 23 supporters of powerful Shiite leader Moqtada Al Sadr were shot dead during fighting in Baghdad's Green Zone. AFP
    Smoke billows in the background in the capital Baghdad during an army-imposed nationwide curfew a day after 23 supporters of powerful Shiite leader Moqtada Al Sadr were shot dead during fighting in Baghdad's Green Zone. AFP
  • Iraqi armoured security vehicles clash with Saraya Al Salam (Peace Brigade), the military wing affiliated with Mr Al Sadr, as fighting between rival Iraqi forces resumed in Baghdad. AFP
    Iraqi armoured security vehicles clash with Saraya Al Salam (Peace Brigade), the military wing affiliated with Mr Al Sadr, as fighting between rival Iraqi forces resumed in Baghdad. AFP
  • An armed member of the Peace Brigade aims a rocket-propelled grenade during clashes with Iraqi security forces in Baghdad's Green Zone. AFP
    An armed member of the Peace Brigade aims a rocket-propelled grenade during clashes with Iraqi security forces in Baghdad's Green Zone. AFP
  • Armed members of the Peace Brigade during clashes in Baghdad's Green Zone. AFP
    Armed members of the Peace Brigade during clashes in Baghdad's Green Zone. AFP
  • A boy walks near the office of Badr Organisation, which was burnt by supporters of Mr Al Sadr in Baghdad. Reuters
    A boy walks near the office of Badr Organisation, which was burnt by supporters of Mr Al Sadr in Baghdad. Reuters
  • Members of Mr Al Sadr's Peace Brigade. Reuters
    Members of Mr Al Sadr's Peace Brigade. Reuters
  • Mr Al Sadr's fighters fire their weapons. Reuters
    Mr Al Sadr's fighters fire their weapons. Reuters
  • Peace Brigade fighters near the Green Zone. Reuters
    Peace Brigade fighters near the Green Zone. Reuters
  • Ready to fight, a member of the Peace Brigade is laden with ammunition in Baghdad. Reuters
    Ready to fight, a member of the Peace Brigade is laden with ammunition in Baghdad. Reuters
  • Sadrists gather during clashes with the Iraqi security forces. Reuters
    Sadrists gather during clashes with the Iraqi security forces. Reuters
  • A supporter of Mr Al Sadr carries bullet casings and a spent shotgun shell in the Green Zone. AFP
    A supporter of Mr Al Sadr carries bullet casings and a spent shotgun shell in the Green Zone. AFP
  • An Al Sadr supporter waves the Iraqi flag in Baghdad after the powerful Shiite cleric announced his retirement from politics. AFP
    An Al Sadr supporter waves the Iraqi flag in Baghdad after the powerful Shiite cleric announced his retirement from politics. AFP
  • Dozens of angry supporters of Mr Al Sadr stormed the Republican Palace, a ceremonial building in the fortified Green Zone. AFP
    Dozens of angry supporters of Mr Al Sadr stormed the Republican Palace, a ceremonial building in the fortified Green Zone. AFP
  • Supporters of Mr Al Sadr help injured protesters during clashes with riot police in Baghdad. EPA
    Supporters of Mr Al Sadr help injured protesters during clashes with riot police in Baghdad. EPA
  • The Iraqi army has announced a Baghdad-wide curfew. AFP
    The Iraqi army has announced a Baghdad-wide curfew. AFP
  • Supporters of Mr Al Sadr assist protesters injured during clashes with security forces near the prime minister's office in Baghdad. EPA
    Supporters of Mr Al Sadr assist protesters injured during clashes with security forces near the prime minister's office in Baghdad. EPA
  • An injured supporter of Mr Al Sadr is given water during a protest in the Green Zone in Baghdad. Reuters
    An injured supporter of Mr Al Sadr is given water during a protest in the Green Zone in Baghdad. Reuters
  • Supporters of Mr Al Sadr gather in the Green Zone. AFP
    Supporters of Mr Al Sadr gather in the Green Zone. AFP
  • Iraqi police try to block the entrance to the Green Zone. AFP
    Iraqi police try to block the entrance to the Green Zone. AFP
  • Supporters of Mr Al Sadr wave an Iraqi flag from the roof of the government palace during a demonstration in Baghdad. AP
    Supporters of Mr Al Sadr wave an Iraqi flag from the roof of the government palace during a demonstration in Baghdad. AP
  • Mr Al Sadr's supporters swim amid a protest at the Republican Palace in the Green Zone in Baghdad. Reuters
    Mr Al Sadr's supporters swim amid a protest at the Republican Palace in the Green Zone in Baghdad. Reuters
  • Mr Al Sadr's supporters make their feelings known through gestures inside the palace. Reuters
    Mr Al Sadr's supporters make their feelings known through gestures inside the palace. Reuters
  • Dozens of angry supporters of Mr Al Sadr gather inside the palace in the capital Baghdad's Green Zone shortly after he said he was quitting politics. AFP
    Dozens of angry supporters of Mr Al Sadr gather inside the palace in the capital Baghdad's Green Zone shortly after he said he was quitting politics. AFP
  • Supporters of the powerful cleric stormed the Republican Palace, a ceremonial building in the fortified Green Zone, a security source said. AFP
    Supporters of the powerful cleric stormed the Republican Palace, a ceremonial building in the fortified Green Zone, a security source said. AFP
  • Clashes occurred between the protesters and security troops inside the palace. AFP
    Clashes occurred between the protesters and security troops inside the palace. AFP
  • Iraqi security forces try to prevent protesters from entering the Federal Court during a demonstration in Baghdad. AP
    Iraqi security forces try to prevent protesters from entering the Federal Court during a demonstration in Baghdad. AP
  • Since the end of July, Mr Al Sadr's followers have encamped around parliament, blocking access to critical government buildings. AP
    Since the end of July, Mr Al Sadr's followers have encamped around parliament, blocking access to critical government buildings. AP
  • Supporters of Mr Al Sadr try to remove concrete barriers in the Green Zone area of Baghdad. AP
    Supporters of Mr Al Sadr try to remove concrete barriers in the Green Zone area of Baghdad. AP
  • Iraqi security forces called for calm after the protesters entered the Green Zone. AP
    Iraqi security forces called for calm after the protesters entered the Green Zone. AP
  • Iraqi security forces announced a nationwide curfew starting at 3.30pm local time following the protests. AP
    Iraqi security forces announced a nationwide curfew starting at 3.30pm local time following the protests. AP

In a statement issued on Monday, Mr Al Abadi’s Nasr Alliance defended his efforts to end the stalemate.

“Regardless of the name of candidate to the prime minister post, Al Abadi’s initiatives always stress on considering the correct path to solve the crisis and the most important thing is that all political parties must agree on a road map to end the political deadlock,” the statement said.

It called for a “constitutional and political settlement to pave the way for early elections in order to restore the legitimacy of the political process.”

On Monday, the spokesman of Asaib Ahl Al Haq's Sadiqoon bloc in parliament, Mahmoud Al Rubaie, wrote on Twitter: “No, no, no for the renewal” to Mr Al Kadhimi.

Before heading to New York to take part in the high-level debate of the 77th session of the UN General Assembly, Mr Al Kadhimi touted his government achievements in “establishing the best relations with our neighbours and the international community”.

“We have boosted co-operation and partnership with everyone which will reflect positively on the interests of our people at all levels,” he said in a statement late on Monday.

He described the political stalemate as a “critical,” but that the doors for a solution were wide open, with “calm and sincere dialogue” needed that puts “the interest of Iraq and its people above all.”

October's early election was the fifth parliamentary vote for a full-term government since the US-led invasion in 2003 that toppled Saddam Hussein.

The continuing crisis is the longest the country has experienced since then, jeopardising stability and raising the possibility of civil war flaring up in a nation still recovering from decades of conflict.

Monster

Directed by: Anthony Mandler

Starring: Kelvin Harrison Jr., John David Washington 

3/5

 

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

AL%20BOOM
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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

ENGLAND SQUAD

Goalkeepers Pickford (Everton), Pope (Burnley), Henderson (Manchester United)

Defenders Alexander-Arnold (Liverpool), Chilwell (Chelsea), Coady (Wolves), Dier (Tottenham), Gomez (Liverpool), James (Chelsea), Keane (Everton), Maguire (Manchester United), Maitland-Niles (Arsenal), Mings (Aston Villa), Saka (Arsenal), Trippier (Atletico Madrid), Walker (Manchester City)

Midfielders: Foden (Manchester City), Henderson (Liverpool), Grealish (Aston Villa), Mount (Chelsea), Rice (West Ham), Ward-Prowse (Southampton), Winks (Tottenham)

Forwards: Abraham (Chelsea), Calvert-Lewin (Everton), Kane (Tottenham), Rashford (Manchester United), Sancho (Borussia Dortmund), Sterling (Manchester City)

Squid Game season two

Director: Hwang Dong-hyuk 

Stars:  Lee Jung-jae, Wi Ha-joon and Lee Byung-hun

Rating: 4.5/5

Bridgerton%20season%20three%20-%20part%20one
%3Cp%3E%3Cstrong%3EDirectors%3A%20%3C%2Fstrong%3EVarious%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Nicola%20Coughlan%2C%20Luke%20Newton%2C%20Jonathan%20Bailey%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E3%2F5%3C%2Fp%3E%0A

Gorillaz 
The Now Now 

Another way to earn air miles

In addition to the Emirates and Etihad programmes, there is the Air Miles Middle East card, which offers members the ability to choose any airline, has no black-out dates and no restrictions on seat availability. Air Miles is linked up to HSBC credit cards and can also be earned through retail partners such as Spinneys, Sharaf DG and The Toy Store.

An Emirates Dubai-London round-trip ticket costs 180,000 miles on the Air Miles website. But customers earn these ‘miles’ at a much faster rate than airline miles. Adidas offers two air miles per Dh1 spent. Air Miles has partnerships with websites as well, so booking.com and agoda.com offer three miles per Dh1 spent.

“If you use your HSBC credit card when shopping at our partners, you are able to earn Air Miles twice which will mean you can get that flight reward faster and for less spend,” says Paul Lacey, the managing director for Europe, Middle East and India for Aimia, which owns and operates Air Miles Middle East.

RESULTS

5pm: Maiden | Dh80,000 |  1,600m
Winner: AF Al Moreeb, Tadhg O’Shea (jockey), Ernst Oertel (trainer)

5.30pm: Handicap |  Dh80,000 |  1,600m
Winner: AF Makerah, Adrie de Vries, Ernst Oertel

6pm: Handicap |  Dh80,000 |  2,200m
Winner: Hazeme, Richard Mullen, Jean de Roualle

6.30pm: Handicap |  Dh85,000 |  2,200m
Winner: AF Yatroq, Brett Doyle, Ernst Oertel

7pm: Shadwell Farm for Private Owners Handicap |  Dh70,000 |  2,200m
Winner: Nawwaf KB, Patrick Cosgrave, Helal Al Alawi

7.30pm: Handicap (TB) |  Dh100,000 |  1,600m
Winner: Treasured Times, Bernardo Pinheiro, Rashed Bouresly

%20Ramez%20Gab%20Min%20El%20Akher
%3Cp%3E%3Cstrong%3ECreator%3A%3C%2Fstrong%3E%20Ramez%20Galal%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Ramez%20Galal%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStreaming%20on%3A%20%3C%2Fstrong%3EMBC%20Shahid%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E2.5%2F5%3C%2Fp%3E%0A

Review: Tomb Raider
Dir: Roar Uthaug
Starring: Alicia Vikander, Dominic West, Daniel Wu, Walter Goggins
​​​​​​​two stars

Bio

Age: 25

Town: Al Diqdaqah – Ras Al Khaimah

Education: Bachelors degree in mechanical engineering

Favourite colour: White

Favourite place in the UAE: Downtown Dubai

Favourite book: A Life in Administration by Ghazi Al Gosaibi.

First owned baking book: How to Be a Domestic Goddess by Nigella Lawson.

The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E3.0-litre%20twin-turbo%20V6%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E10-speed%20auto%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E400bhp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E563Nm%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EDh320%2C000%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20Now%3C%2Fp%3E%0A
ASHES SCHEDULE

First Test
November 23-27 (The Gabba, Brisbane)
Second Test
December 2-6 (Adelaide Oval, Adelaide)
Third Test
December 14-18 (Waca Ground, Perth)
Fourth Test
December 26-30 (Melbourne Cricket Ground, Melbourne)
Fifth Test
January 4-8, 2018 (Sydney Cricket Ground, Sydney)

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

SPEC%20SHEET%3A%20APPLE%20M3%20MACBOOK%20AIR%20(13%22)
%3Cp%3E%3Cstrong%3EProcessor%3A%3C%2Fstrong%3E%20Apple%20M3%2C%208-core%20CPU%2C%20up%20to%2010-core%20CPU%2C%2016-core%20Neural%20Engine%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EDisplay%3A%3C%2Fstrong%3E%2013.6-inch%20Liquid%20Retina%2C%202560%20x%201664%2C%20224ppi%2C%20500%20nits%2C%20True%20Tone%2C%20wide%20colour%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMemory%3A%3C%2Fstrong%3E%208%2F16%2F24GB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStorage%3A%3C%2Fstrong%3E%20256%2F512GB%20%2F%201%2F2TB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EI%2FO%3A%3C%2Fstrong%3E%20Thunderbolt%203%2FUSB-4%20(2)%2C%203.5mm%20audio%2C%20Touch%20ID%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EConnectivity%3A%3C%2Fstrong%3E%20Wi-Fi%206E%2C%20Bluetooth%205.3%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBattery%3A%3C%2Fstrong%3E%2052.6Wh%20lithium-polymer%2C%20up%20to%2018%20hours%2C%20MagSafe%20charging%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECamera%3A%3C%2Fstrong%3E%201080p%20FaceTime%20HD%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EVideo%3A%3C%2Fstrong%3E%20Support%20for%20Apple%20ProRes%2C%20HDR%20with%20Dolby%20Vision%2C%20HDR10%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EAudio%3A%3C%2Fstrong%3E%204-speaker%20system%2C%20wide%20stereo%2C%20support%20for%20Dolby%20Atmos%2C%20Spatial%20Audio%20and%20dynamic%20head%20tracking%20(with%20AirPods)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EColours%3A%3C%2Fstrong%3E%20Midnight%2C%20silver%2C%20space%20grey%2C%20starlight%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIn%20the%20box%3A%3C%2Fstrong%3E%20MacBook%20Air%2C%2030W%2F35W%20dual-port%2F70w%20power%20adapter%2C%20USB-C-to-MagSafe%20cable%2C%202%20Apple%20stickers%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20From%20Dh4%2C599%3C%2Fp%3E%0A
Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

Stree

Producer: Maddock Films, Jio Movies
Director: Amar Kaushik
Cast: Rajkummar Rao, Shraddha Kapoor, Pankaj Tripathi, Aparshakti Khurana, Abhishek Banerjee
Rating: 3.5

Keep it fun and engaging

Stuart Ritchie, director of wealth advice at AES International, says children cannot learn something overnight, so it helps to have a fun routine that keeps them engaged and interested.

“I explain to my daughter that the money I draw from an ATM or the money on my bank card doesn’t just magically appear – it’s money I have earned from my job. I show her how this works by giving her little chores around the house so she can earn pocket money,” says Mr Ritchie.

His daughter is allowed to spend half of her pocket money, while the other half goes into a bank account. When this money hits a certain milestone, Mr Ritchie rewards his daughter with a small lump sum.

He also recommends books that teach the importance of money management for children, such as The Squirrel Manifesto by Ric Edelman and Jean Edelman.

The%20specs
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Fixtures

Friday Leganes v Alaves, 10.15pm; Valencia v Las Palmas, 12.15am

Saturday Celta Vigo v Real Sociedad, 8.15pm; Girona v Atletico Madrid, 10.15pm; Sevilla v Espanyol, 12.15am

Sunday Athletic Bilbao v Getafe, 8.15am; Barcelona v Real Betis, 10.15pm; Deportivo v Real Madrid, 12.15am

Monday Levante v Villarreal, 10.15pm; Malaga v Eibar, midnight

Results
%3Cp%3E%0D%3Cstrong%3EElite%20men%3C%2Fstrong%3E%0D%3Cbr%3E1.%20Amare%20Hailemichael%20Samson%20(ERI)%202%3A07%3A10%0D%3Cbr%3E2.%20Leornard%20Barsoton%20(KEN)%202%3A09%3A37%0D%3Cbr%3E3.%20Ilham%20Ozbilan%20(TUR)%202%3A10%3A16%0D%3Cbr%3E4.%20Gideon%20Chepkonga%20(KEN)%202%3A11%3A17%0D%3Cbr%3E5.%20Isaac%20Timoi%20(KEN)%202%3A11%3A34%0D%3Cbr%3E%3Cstrong%3EElite%20women%3C%2Fstrong%3E%0D%3Cbr%3E1.%20Brigid%20Kosgei%20(KEN)%202%3A19%3A15%0D%3Cbr%3E2.%20Hawi%20Feysa%20Gejia%20(ETH)%202%3A24%3A03%0D%3Cbr%3E3.%20Sintayehu%20Dessi%20(ETH)%202%3A25%3A36%0D%3Cbr%3E4.%20Aurelia%20Kiptui%20(KEN)%202%3A28%3A59%0D%3Cbr%3E5.%20Emily%20Kipchumba%20(KEN)%202%3A29%3A52%3C%2Fp%3E%0A
RESULTS

Bantamweight: Victor Nunes (BRA) beat Azizbek Satibaldiev (KYG). Round 1 KO

Featherweight: Izzeddin Farhan (JOR) beat Ozodbek Azimov (UZB). Round 1 rear naked choke

Middleweight: Zaakir Badat (RSA) beat Ercin Sirin (TUR). Round 1 triangle choke

Featherweight: Ali Alqaisi (JOR) beat Furkatbek Yokubov (UZB). Round 1 TKO

Featherweight: Abu Muslim Alikhanov (RUS) beat Atabek Abdimitalipov (KYG). Unanimous decision

Catchweight 74kg: Mirafzal Akhtamov (UZB) beat Marcos Costa (BRA). Split decision

Welterweight: Andre Fialho (POR) beat Sang Hoon-yu (KOR). Round 1 TKO

Lightweight: John Mitchell (IRE) beat Arbi Emiev (RUS). Round 2 RSC (deep cuts)

Middleweight: Gianni Melillo (ITA) beat Mohammed Karaki (LEB)

Welterweight: Handesson Ferreira (BRA) beat Amiran Gogoladze (GEO). Unanimous decision

Flyweight (Female): Carolina Jimenez (VEN) beat Lucrezia Ria (ITA), Round 1 rear naked choke

Welterweight: Daniel Skibinski (POL) beat Acoidan Duque (ESP). Round 3 TKO

Lightweight: Martun Mezhlumyan (ARM) beat Attila Korkmaz (TUR). Unanimous decision

Bantamweight: Ray Borg (USA) beat Jesse Arnett (CAN). Unanimous decision

MATCH INFO

Uefa Champions League semi-finals, second leg:

Liverpool (0) v Barcelona (3), Tuesday, 11pm UAE

Game is on BeIN Sports

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Schedule:

Friday, January 12: Six fourball matches
Saturday, January 13: Six foursome (alternate shot) matches
Sunday, January 14: 12 singles

COMPANY%20PROFILE
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Boulder shooting victims

• Denny Strong, 20
• Neven Stanisic, 23
• Rikki Olds, 25
• Tralona Bartkowiak, 49
• Suzanne Fountain, 59
• Teri Leiker, 51
• Eric Talley, 51
• Kevin Mahoney, 61
• Lynn Murray, 62
• Jody Waters, 65

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.”

HEADLINE HERE
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The Pope's itinerary

Sunday, February 3, 2019 - Rome to Abu Dhabi
1pm: departure by plane from Rome / Fiumicino to Abu Dhabi
10pm: arrival at Abu Dhabi Presidential Airport


Monday, February 4
12pm: welcome ceremony at the main entrance of the Presidential Palace
12.20pm: visit Abu Dhabi Crown Prince at Presidential Palace
5pm: private meeting with Muslim Council of Elders at Sheikh Zayed Grand Mosque
6.10pm: Inter-religious in the Founder's Memorial


Tuesday, February 5 - Abu Dhabi to Rome
9.15am: private visit to undisclosed cathedral
10.30am: public mass at Zayed Sports City – with a homily by Pope Francis
12.40pm: farewell at Abu Dhabi Presidential Airport
1pm: departure by plane to Rome
5pm: arrival at the Rome / Ciampino International Airport

Like a Fading Shadow

Antonio Muñoz Molina

Translated from the Spanish by Camilo A. Ramirez

Tuskar Rock Press (pp. 310)

Emergency

Director: Kangana Ranaut

Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry 

Rating: 2/5

Updated: September 20, 2022, 3:47 PM