• The Royal Hashemite Court has announced Crown Prince Hussein bin Abdullah's engagement to Rajwa Al Saif. All photos: Royal Hashemite Court
    The Royal Hashemite Court has announced Crown Prince Hussein bin Abdullah's engagement to Rajwa Al Saif. All photos: Royal Hashemite Court
  • From left, Queen Rania, Al Saif, Prince Hussein and King Abdullah II at the engagement ceremony
    From left, Queen Rania, Al Saif, Prince Hussein and King Abdullah II at the engagement ceremony
  • A statement issued by the court said it 'extends its sincere congratulations on this occasion'
    A statement issued by the court said it 'extends its sincere congratulations on this occasion'
  • The Royal Hashemite Court announced the engagement on Twitter
    The Royal Hashemite Court announced the engagement on Twitter
  • Queen Rania congratulated her son on Twitter
    Queen Rania congratulated her son on Twitter
  • Al Saif, Queen Rania and Prince Hussein
    Al Saif, Queen Rania and Prince Hussein
  • Al Saif and Prince Hussein during the engagement ceremony
    Al Saif and Prince Hussein during the engagement ceremony
  • King Abdullah embraces Al Saif
    King Abdullah embraces Al Saif

MENA

Jordan

Jordan's Crown Prince Hussein engaged to Rajwa Al Saif

The engagement took place at the home of Ms Al Saif's father in Riyadh

Taylor Heyman
Taylor Heyman

August 17, 2022

  • English
  • Arabic

Jordan's Crown Prince Hussein bin Abdullah is engaged to be married to Rajwa Al Saif, the Royal Hashemite Court confirmed on Wednesday.

The engagement took place at the home of Ms Al Saif's father in Riyadh. It was announced on Twitter with four photos showing the couple together, with Prince Hussein's parents, King Abdullah II and Queen Rania, pictured alongside members of Ms Al Saif's family.

A statement issued by the court said Surah Al Fatihah, the first verse of the Quran, was read during the event, a common practice at an engagement.

Queen Rania also took to Twitter to share her happiness.

“I didn’t think it was possible to hold so much joy in my heart! Congratulations to my eldest Prince Hussein and his beautiful bride-to-be, Rajwa,” Queen Rania wrote.

On Instagram, the queen shared more photographs showing the royal couple embracing their future daughter-in-law with wide smiles.

The engagement comes a month after Prince Hussein's sister, Princess Iman, got engaged to Jameel Alexander Thermiotis.

Prince Hussein, 28, was named in honour of his grandfather, the late king Hussein bin Talal. A graduate of the British military academy Sandhurst, he holds the rank of captain in the Jordanian armed forces and can fly a military helicopter. He was officially named crown prince in 2009 by a royal decree.

He also holds a degree in international history from Georgetown University in the US and runs a number of charitable efforts through his Crown Prince Foundation.

Ms Al Saif was born in Riyadh in April 1994, Jordan's Roya News reported. She was educated in Saudi Arabia before moving to New York, where she studied at Syracuse University.

The family were inundated with well wishes from regional leaders. Saudi Arabia’s Crown Prince Mohammed bin Salman called Prince Hussein and imparted his best wishes, and UAE President Sheikh Mohamed made a congratulatory phone call to King Abdullah.

During the conversation, Sheikh Mohamed extended his best wishes to the family “prayed to Allah Almighty to grant Jordan's Crown Prince success and a happy life”, Wam reported.

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Who is Mohammed Al Halbousi?

The new speaker of Iraq’s parliament Mohammed Al Halbousi is the youngest person ever to serve in the role.

The 37-year-old was born in Al Garmah in Anbar and studied civil engineering in Baghdad before going into business. His development company Al Hadeed undertook reconstruction contracts rebuilding parts of Fallujah’s infrastructure.

He entered parliament in 2014 and served as a member of the human rights and finance committees until 2017. In August last year he was appointed governor of Anbar, a role in which he has struggled to secure funding to provide services in the war-damaged province and to secure the withdrawal of Shia militias. He relinquished the post when he was sworn in as a member of parliament on September 3.

He is a member of the Al Hal Sunni-based political party and the Sunni-led Coalition of Iraqi Forces, which is Iraq’s largest Sunni alliance with 37 seats from the May 12 election.

He maintains good relations with former Prime Minister Nouri Al Maliki’s State of Law Coaliton, Hadi Al Amiri’s Badr Organisation and Iranian officials.

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Hometown: Bogota, Colombia
Favourite place to relax in UAE: the desert around Al Mleiha in Sharjah or the eastern mangroves in Abu Dhabi
The one book everyone should read: 100 Years of Solitude by Gabriel Garcia Marquez. It will make your mind fly
Favourite documentary: Chasing Coral by Jeff Orlowski. It's a good reality check about one of the most valued ecosystems for humanity

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.”

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Borussia Dortmund v Schalke (4.30pm) 

RB Leipzig v Freiburg (4.30pm) 

Hoffenheim v Hertha Berlin (4.30pm) 

Fortuna Dusseldorf v Paderborn  (4.30pm) 

Augsburg v Wolfsburg (4.30pm) 

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Union Berlin v Bayern Munich (7pm)

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