Pope Francis and Al Sistani talk coexistence at historic Iraq meet


Sinan Mahmoud
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Pope Francis and Grand Ayatollah Ali Al Sistani discussed the challenge faced by humanity and called for peaceful coexistence, at the historic first meeting of the head of the Roman Catholic Church and a senior Shiite religious figure.

At the 45-minute meeting in the holy city of Najaf, in central Iraq, Mr Al Sistani said religious authorities have a role in protecting Iraq's Christians – that they should live in peace and enjoy the same rights as other Iraqis.

The Vatican said Pope Francis thanked Mr Al Sistani for having “raised his voice in defence of the weakest and most persecuted” during some of the most violent times in Iraq’s recent history.

The meeting came on the second day of Pope Francis's four-day trip to Iraq – the first by a pope. He aims to use the visit to raise peace and encouraging tolerance and coexistence.

The meeting was closed to the press, but the Vatican released a short statement and images of the sit-down between the 84-year-old pontiff and reclusive 90-year-old ayatollah.

  • Pope Francis gestures as he boards a plane to depart for Rome, at Baghdad International Airport in Baghdad. Reuters
    Pope Francis gestures as he boards a plane to depart for Rome, at Baghdad International Airport in Baghdad. Reuters
  • Cardinals and ranking Catholic clergymen board the Alitalia Airbus A330 aircraft as Pope Francis bids farewell to other bishops and Iraq's President Barham Saleh and his wife Sarbagh before departing from the Iraqi capital's Baghdad International. AFP
    Cardinals and ranking Catholic clergymen board the Alitalia Airbus A330 aircraft as Pope Francis bids farewell to other bishops and Iraq's President Barham Saleh and his wife Sarbagh before departing from the Iraqi capital's Baghdad International. AFP
  • Iraq's President Barham Saleh and his wife Sarbagh escort Pope Francis during the farewell ceremony for the pontiff at the Iraqi capital's Baghdad International Airport. AFP
    Iraq's President Barham Saleh and his wife Sarbagh escort Pope Francis during the farewell ceremony for the pontiff at the Iraqi capital's Baghdad International Airport. AFP
  • Pope Francis meets Abdullah Kurdi, father of little Alan, who was shipwrecked with his brother and mother on the Turkish coast in September 2015 while he was trying to reach Europe with his family, at the end of a Mass in the Erbil Stadium. EPA
    Pope Francis meets Abdullah Kurdi, father of little Alan, who was shipwrecked with his brother and mother on the Turkish coast in September 2015 while he was trying to reach Europe with his family, at the end of a Mass in the Erbil Stadium. EPA
  • Nuns cheer and dance at the Franso Hariri Stadium in Erbil, Iraq. Getty Images
    Nuns cheer and dance at the Franso Hariri Stadium in Erbil, Iraq. Getty Images
  • A baby dressed in papal outfit during a mass with Pope Francis at the Erbil Stadium. EPA
    A baby dressed in papal outfit during a mass with Pope Francis at the Erbil Stadium. EPA
  • Nuns take a selfie after the completion of a mass conducted by Pope Francis. Getty Images
    Nuns take a selfie after the completion of a mass conducted by Pope Francis. Getty Images
  • People carry umbrellas as they celebrate after a mass led by Pope Francis at the Franso Hariri Stadium in Erbil, Iraq. Reuters
    People carry umbrellas as they celebrate after a mass led by Pope Francis at the Franso Hariri Stadium in Erbil, Iraq. Reuters
  • Pope Francis conducts mass at the Franso Hariri Stadium. Getty Images
    Pope Francis conducts mass at the Franso Hariri Stadium. Getty Images
  • Monks pray during a mass conducted by Pope Francis at the Franso Hariri Stadium. Getty Images
    Monks pray during a mass conducted by Pope Francis at the Franso Hariri Stadium. Getty Images
  • Pope Francis blesses a statue of the Virgin Mary at a mass at the Franso Hariri Stadium. EPA
    Pope Francis blesses a statue of the Virgin Mary at a mass at the Franso Hariri Stadium. EPA
  • Pope Francis walks with an incense censer as he leads mass at the Franso Hariri Stadium. AFP
    Pope Francis walks with an incense censer as he leads mass at the Franso Hariri Stadium. AFP
  • Pope Francis blesses people as he arrives in the popemobile vehicle at the Franso Hariri Stadium in Erbil. AFP
    Pope Francis blesses people as he arrives in the popemobile vehicle at the Franso Hariri Stadium in Erbil. AFP
  • Pope Francis arrives on the popemobile to celebrate Mass at the Franso Hariri Stadium in Erbil. AP Photo
    Pope Francis arrives on the popemobile to celebrate Mass at the Franso Hariri Stadium in Erbil. AP Photo
  • Nuns wave flags of Iraq, Kurdistan, and the Holy See as they wait for the arrival of Pope Francis at the Franso Hariri Stadium in Erbil. AFP
    Nuns wave flags of Iraq, Kurdistan, and the Holy See as they wait for the arrival of Pope Francis at the Franso Hariri Stadium in Erbil. AFP
  • A faithful waits for Pope Francis to hold Mass at Franso Hariri Stadium in Erbil. Reuters
    A faithful waits for Pope Francis to hold Mass at Franso Hariri Stadium in Erbil. Reuters
  • Pope Francis blessing people as he arrives in the popemobile vehicle at the Franso Hariri Stadium. AFP
    Pope Francis blessing people as he arrives in the popemobile vehicle at the Franso Hariri Stadium. AFP
  • Young women dressed in traditional Kurdish clothing wave flags of the Holy See as they wait for the arrival of Pope Francis at the Franso Hariri Stadium in Erbil. AFP
    Young women dressed in traditional Kurdish clothing wave flags of the Holy See as they wait for the arrival of Pope Francis at the Franso Hariri Stadium in Erbil. AFP
  • Pope Francis arrives to hold a mass at the Grand Immaculate Church, in Qaraqosh. Reuters
    Pope Francis arrives to hold a mass at the Grand Immaculate Church, in Qaraqosh. Reuters
  • Pope Francis is greeted by people as he arrives at the Syriac Catholic Church of the Immaculate Conception (al-Tahira-l-Kubra), in the predominantly Christian town of Qaraqosh. AFP
    Pope Francis is greeted by people as he arrives at the Syriac Catholic Church of the Immaculate Conception (al-Tahira-l-Kubra), in the predominantly Christian town of Qaraqosh. AFP
  • Pope Francis arrives at a meeting with local residents at the Church of the Immaculate Conception in Qaraqosh. AP Photo
    Pope Francis arrives at a meeting with local residents at the Church of the Immaculate Conception in Qaraqosh. AP Photo
  • Pope Francis visits the town before holding a mass at the Grand Immaculate Church, in Qaraqosh. Reuters
    Pope Francis visits the town before holding a mass at the Grand Immaculate Church, in Qaraqosh. Reuters
  • Pope Francis releases a white dove during a prayer for war victims at 'Hosh al-Bieaa', Church Square, in Mosul's Old City. Reuters
    Pope Francis releases a white dove during a prayer for war victims at 'Hosh al-Bieaa', Church Square, in Mosul's Old City. Reuters
  • Pope Francis rides in a golf cart at the ruins of the Syriac Catholic Church of the Immaculate Conception. AFP
    Pope Francis rides in a golf cart at the ruins of the Syriac Catholic Church of the Immaculate Conception. AFP
  • A nun kisses the hand of Pope Francis during a prayer for war victims at 'Hosh al-Bieaa', Church Square, in Mosul's Old City. Reuters
    A nun kisses the hand of Pope Francis during a prayer for war victims at 'Hosh al-Bieaa', Church Square, in Mosul's Old City. Reuters
  • Pope Francis arrives to pray for war victims at 'Hosh al-Bieaa', Church Square, in Mosul's old city. Reuters
    Pope Francis arrives to pray for war victims at 'Hosh al-Bieaa', Church Square, in Mosul's old city. Reuters
  • Pope Francis attends a prayer for the victims of the war at Church Square, Mosul. EPA
    Pope Francis attends a prayer for the victims of the war at Church Square, Mosul. EPA
  • Pope Francis and the leader of the Kurdistan Democratic Party (KDP) Masud Barzani viewing a gift sculpture of a Chaldean cross during their meeting in Arbil, the capital of Iraq's northern autonomous Kurdish region. AFP
    Pope Francis and the leader of the Kurdistan Democratic Party (KDP) Masud Barzani viewing a gift sculpture of a Chaldean cross during their meeting in Arbil, the capital of Iraq's northern autonomous Kurdish region. AFP
  • Pope Francis meeting with the President of the autonomous Kurdistan Region Nechirvan Barzani, the Prime Minister of the 9th cabinet of the Kurdistan Regional Government Mansour Barzani, and the leader of the Kurdistan Democratic Party (KDP) Masud Barzani in Arbil. AFP
    Pope Francis meeting with the President of the autonomous Kurdistan Region Nechirvan Barzani, the Prime Minister of the 9th cabinet of the Kurdistan Regional Government Mansour Barzani, and the leader of the Kurdistan Democratic Party (KDP) Masud Barzani in Arbil. AFP
  • Pope Francis greets Iraqis dressed in traditional outfits upon his arrival at Erbil airport, in the capital of the northern Iraqi Kurdish autonomous region. AFP
    Pope Francis greets Iraqis dressed in traditional outfits upon his arrival at Erbil airport, in the capital of the northern Iraqi Kurdish autonomous region. AFP
  • Pope Francis walks with Masrour Barzani, Prime Minister of Kurdistan region, and President of the Kurdistan region in Iraq Nechirvan Barzani, upon his arrival at Erbil International Airport. Reuters
    Pope Francis walks with Masrour Barzani, Prime Minister of Kurdistan region, and President of the Kurdistan region in Iraq Nechirvan Barzani, upon his arrival at Erbil International Airport. Reuters
  • Iraqi women dressed in traditional outfits hold palm leafs as they welcome Pope Francis upon his arrival at Erbil airport. AFP
    Iraqi women dressed in traditional outfits hold palm leafs as they welcome Pope Francis upon his arrival at Erbil airport. AFP
  • Mansour Barzani, Prime Minister of the 9th cabinet of the Kurdistan Regional Government looks on , as Pope Francis greets religious dignitaries at the Erbil airport. AFP
    Mansour Barzani, Prime Minister of the 9th cabinet of the Kurdistan Regional Government looks on , as Pope Francis greets religious dignitaries at the Erbil airport. AFP
  • Pope Francis arrives at Erbil International Airport in Iraq. Reuters
    Pope Francis arrives at Erbil International Airport in Iraq. Reuters
  • Pope Francis is welcomed at Erbil International Airport in Erbil. Reuters
    Pope Francis is welcomed at Erbil International Airport in Erbil. Reuters
  • Pope Francis greets people as he leave the Chaldean Cathedral of Saint Joseph. Getty Images
    Pope Francis greets people as he leave the Chaldean Cathedral of Saint Joseph. Getty Images
  • Pope Francis leads mass at Baghdad's Saint Joseph Cathedral. AFP
    Pope Francis leads mass at Baghdad's Saint Joseph Cathedral. AFP
  • Iraqi Christian worshippers attend the mass led by the Pope at Baghdad's Saint Joseph Cathedral. AFP
    Iraqi Christian worshippers attend the mass led by the Pope at Baghdad's Saint Joseph Cathedral. AFP
  • Pope Francis greeted by children upon his arrival for a mass at Baghdad's Saint Joseph Cathedral. AFP
    Pope Francis greeted by children upon his arrival for a mass at Baghdad's Saint Joseph Cathedral. AFP
  • Pope Francis blesses the congregation as he leads mass at Baghdad's Saint Joseph Cathedral. AFP
    Pope Francis blesses the congregation as he leads mass at Baghdad's Saint Joseph Cathedral. AFP
  • Pope Francis arrives to lead mass at Baghdad's Saint Joseph Cathedral. AFP
    Pope Francis arrives to lead mass at Baghdad's Saint Joseph Cathedral. AFP
  • Pope Francis is greeted by children upon his arrival at Baghdad's Saint Joseph Cathedral. AFP
    Pope Francis is greeted by children upon his arrival at Baghdad's Saint Joseph Cathedral. AFP
  • People take pictures with their mobiles upon the arrival of Pope Francis. Reuters
    People take pictures with their mobiles upon the arrival of Pope Francis. Reuters
  • Pope Francis speaks to Iraqi religious figures during an interfaith service at the House of Abraham in the ancient city of Ur in Iraq's southern Dhi Qar province. EPA
    Pope Francis speaks to Iraqi religious figures during an interfaith service at the House of Abraham in the ancient city of Ur in Iraq's southern Dhi Qar province. EPA
  • Pope Francis speaks to Iraqi religious figures during an interfaith service at the House of Abraham in the ancient city of Ur. EPA
    Pope Francis speaks to Iraqi religious figures during an interfaith service at the House of Abraham in the ancient city of Ur. EPA
  • Pope Francis speaks to Iraqi religious figures during an interfaith service at the House of Abraham in the ancient city of Ur. EPA
    Pope Francis speaks to Iraqi religious figures during an interfaith service at the House of Abraham in the ancient city of Ur. EPA
  • Pope Francis is seen behind flowers at an interfaith service at the House of Abraham in the ancient city of Ur. EPA
    Pope Francis is seen behind flowers at an interfaith service at the House of Abraham in the ancient city of Ur. EPA
  • Pope Francis smiles and waves at a women that threw a kiss to him. Haider Husseini/ The National
    Pope Francis smiles and waves at a women that threw a kiss to him. Haider Husseini/ The National
  • People attend an inter-religious ceremony in Ur near Nassiriya. Reuters
    People attend an inter-religious ceremony in Ur near Nassiriya. Reuters
  • Grand Ayatollah Ali al-Sistani meeting with Pope Francis and his delegation, at his home in the holy city of Najaf. AFP
    Grand Ayatollah Ali al-Sistani meeting with Pope Francis and his delegation, at his home in the holy city of Najaf. AFP
  • Pope Francis, accompanied by clerics, and Iraq's top Shiite cleric, Grand Ayatollah Ali Al Sistani, meet in Najaf. Courtesy of the Vatican
    Pope Francis, accompanied by clerics, and Iraq's top Shiite cleric, Grand Ayatollah Ali Al Sistani, meet in Najaf. Courtesy of the Vatican
  • Pope Francis's meeting with Iraq's top Shiite cleric, Grand Ayatollah Ali Al Sistani, in Najaf, followed months of negotiations between Najaf and the Vatican. Reuters
    Pope Francis's meeting with Iraq's top Shiite cleric, Grand Ayatollah Ali Al Sistani, in Najaf, followed months of negotiations between Najaf and the Vatican. Reuters
  • Pope Francis smiles with Iraq's prime minister Mustafa Al Kadhimi on arrival at Baghdad airport. Handout from the office of the Prime Minister of Iraq
    Pope Francis smiles with Iraq's prime minister Mustafa Al Kadhimi on arrival at Baghdad airport. Handout from the office of the Prime Minister of Iraq
  • The Pope visits Our Lady of Salvation Church. Courtesy of the Prime Minister office
    The Pope visits Our Lady of Salvation Church. Courtesy of the Prime Minister office
  • Pope Francis is welcomed upon his arrival at the Our Lady of Salvation Church. AP Photo
    Pope Francis is welcomed upon his arrival at the Our Lady of Salvation Church. AP Photo
  • Pope Francis speaks in the Our Lady of Salvation Church. AFP
    Pope Francis speaks in the Our Lady of Salvation Church. AFP
  • Pope Francis greets people in front of the the Our Lady of Salvation Church. AFP
    Pope Francis greets people in front of the the Our Lady of Salvation Church. AFP
  • Nuns welcome Pope Francis at the Our Lady of Salvation Church. AFP
    Nuns welcome Pope Francis at the Our Lady of Salvation Church. AFP
  • Iraq's President Barham Salih speaks with Pope Francis during a welcoming ceremony at the Presidental Palace in Baghdad. Reuters
    Iraq's President Barham Salih speaks with Pope Francis during a welcoming ceremony at the Presidental Palace in Baghdad. Reuters
  • Iraqi President Barham Salih welcomes Pope Francis at the Presidential Palace. AFP
    Iraqi President Barham Salih welcomes Pope Francis at the Presidential Palace. AFP
  • Pope Francis walk with Iraq's prime minister Mustafa Al Kadhimi on arrival at Baghdad airport. Handout from the office of the Prime Minister of Iraq
    Pope Francis walk with Iraq's prime minister Mustafa Al Kadhimi on arrival at Baghdad airport. Handout from the office of the Prime Minister of Iraq
  • Pope Francis talks with Iraq's prime minister Mustafa Al Kadhimi on arrival in Baghdad. Handout from the office of the Prime Minister of Iraq
    Pope Francis talks with Iraq's prime minister Mustafa Al Kadhimi on arrival in Baghdad. Handout from the office of the Prime Minister of Iraq
  • Pope Francis walks with Iraq's prime minister Mustafa Al Kadhimi on arrival at Baghdad airport. Handout from the office of the Prime Minister of Iraq
    Pope Francis walks with Iraq's prime minister Mustafa Al Kadhimi on arrival at Baghdad airport. Handout from the office of the Prime Minister of Iraq
  • Pope Francis walks alongside Iraq's Prime Minister Mustafa Al Kadhimi upon his arrival in Baghdad. AFP
    Pope Francis walks alongside Iraq's Prime Minister Mustafa Al Kadhimi upon his arrival in Baghdad. AFP
  • Pope Francis waves to the crowd upon his arrival in Baghdad. Reuters
    Pope Francis waves to the crowd upon his arrival in Baghdad. Reuters
  • Pope Francis speaks to journalists aboard the plane heading to Iraq. AP Photo
    Pope Francis speaks to journalists aboard the plane heading to Iraq. AP Photo
  • Pope Francis waves as he boards the plane for his visit to Iraq, at Leonardo da Vinci-Fiumicino Airport in Rome, Italy. Reuters
    Pope Francis waves as he boards the plane for his visit to Iraq, at Leonardo da Vinci-Fiumicino Airport in Rome, Italy. Reuters
  • People holding Iraqi and Vatican flags as they wait for the arrival of Pope Francis, at Baghdad Airport Road, in Baghdad, Iraq. Reuters
    People holding Iraqi and Vatican flags as they wait for the arrival of Pope Francis, at Baghdad Airport Road, in Baghdad, Iraq. Reuters
  • A Christian woman holds the Vatican flag as she heads to the airport to wait for the arrival of Pope Francis, in Baghdad, Iraq. Reuters
    A Christian woman holds the Vatican flag as she heads to the airport to wait for the arrival of Pope Francis, in Baghdad, Iraq. Reuters

Handout pictures showed the two men sitting on two blue sofas in an L shape with their hands placed on their laps inside Al Sistani’s modest rented home in a narrow alley in Najaf’s Old City.

They discussed "the great challenges that humanity faces in this era and the role of faith in God all mighty and his messages and commitment to high moral values in overcoming them", according to a statement issued by Mr Al Sistani's office.

The statement added that Al Sistani spoke about the injustice, oppression, poverty, religious and intellectual persecution, suppression of basic freedoms and the absence of social justice –  especially the wars, acts of violence, economic blockade, displacement of many people in the region.

He made a clear mention the suffering of the Palestinian people.

Mr Al Sistani stressed the “role that the great religious and spiritual leaders should play in curbing these tragedies”, and called for giving “priority to reason and wisdom and to reject the language of war”.

He stressed the “importance of concerted efforts to consolidate the values of harmony, peaceful coexistence and human solidarity in all societies, based on fostering rights and mutual respect among followers of different religions and intellectual trends”.

The pontiff thanked Mr Al Sistani for “speaking up – together with the Shiite community – in defence of those most vulnerable and persecuted amid the violence and great hardships of recent years, and for affirming the sacredness of human life and the importance of the unity of the Iraqi people”, according to Vatican statement.

Pope Francis underlined the "importance of co-operation and friendship between religious communities for contributing – through the cultivation of mutual respect and dialogue – to the good of Iraq, the region and the entire human family".

The House of Abraham in Ur

After the meeting, the pontiff flew to the southern city of Nasiriyah from where he travelled to attend an interreligious meeting at the ancient Mesopotamian city of Ur, the birthplace of Abraham – the patriarch of the three great monotheistic religions.

On Sunday, he will travel to the northern cities of Erbil, Mosul and Qaraqosh to meet local officials, the Christian community and to hold a mass.

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
Pox that threatens the Middle East's native species

Camelpox

Caused by a virus related to the one that causes human smallpox, camelpox typically causes fever, swelling of lymph nodes and skin lesions in camels aged over three, but the animal usually recovers after a month or so. Younger animals may develop a more acute form that causes internal lesions and diarrhoea, and is often fatal, especially when secondary infections result. It is found across the Middle East as well as in parts of Asia, Africa, Russia and India.

Falconpox

Falconpox can cause a variety of types of lesions, which can affect, for example, the eyelids, feet and the areas above and below the beak. It is a problem among captive falcons and is one of many types of avian pox or avipox diseases that together affect dozens of bird species across the world. Among the other forms are pigeonpox, turkeypox, starlingpox and canarypox. Avipox viruses are spread by mosquitoes and direct bird-to-bird contact.

Houbarapox

Houbarapox is, like falconpox, one of the many forms of avipox diseases. It exists in various forms, with a type that causes skin lesions being least likely to result in death. Other forms cause more severe lesions, including internal lesions, and are more likely to kill the bird, often because secondary infections develop. This summer the CVRL reported an outbreak of pox in houbaras after rains in spring led to an increase in mosquito numbers.

UAE currency: the story behind the money in your pockets
Stage result

1. Jasper Philipsen (Bel) Alpecin-Fenix 4:42:34

2. Sam Bennett (Irl) Bora-Hansgrohe

3. Elia Viviani (Ita) Ineos Grenadiers

4. Dylan Groenewegen (Ned) BikeExchange-Jayco

5. Emils Liepins (Lat) Trek-Segafredo

6. Arnaud Demare (Fra) Groupama-FDJ

7. Max Kanter (Ger) Movistar Team

8. Olav Kooij (Ned) Jumbo-Visma

9. Tom Devriendt (Bel) Intermarché-Wanty-Gobert Matériaux

10. Pascal Ackermann (Ger) UAE Team Emirate

MATCH INFO

Uefa Champions League final:

Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports

MATCH INFO

World Cup 2022 qualifier

UAE v Indonesia, Thursday, 8pm

Venue: Al Maktoum Stadium, Dubai

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MATCH INFO

Uefa Champions League semi-final, first leg

Tottenham v Ajax, Tuesday, 11pm (UAE).

Second leg

Ajax v Tottenham, Wednesday, May 8, 11pm

Games on BeIN Sports

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How to watch Ireland v Pakistan in UAE

When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.

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.”