Jordan's former crown prince Hamzah bin Hussein has signed a declaration reaffirming loyalty to King Abdullah, the royal court said.
The announcement indicates that a rift within the royal family has come to an end, after what was reported at the weekend as an unprecedented political crisis in the kingdom.
On Sunday, Jordanian Deputy Prime Minister Ayman Safadi revealed details of what he said was a plot to undermine stability in the country, after arrests announced on Saturday.
Prince Hamzah was among those blamed for supposedly sowing internal division, prompting rumours that a coup may have been attempted.
The solution to the rift was brokered by King Abdullah's uncle, Prince Hasan bin Talal, reportedly ending the public dispute.
“I place myself in the hands of his majesty the king,” said a statement signed by the prince and broadcast by official media.
"The interests of the homeland must remain above all considerations."
Read more: Full text of letter from Prince Hamzah to the king
Prince Hamzah had claimed to have been under house arrest, in a recorded video sent to foreign media.
He later said that Chief of Staff Maj Gen Yousef Huneiti visited his home to tell him to cease communications.
“For a chief of staff to come and say this to you it is not acceptable in any form,” Prince Hamzah said.
He claimed that in the encounter, which he said he taped, Maj Gen Huneiti made threats against him, but the prince did not give details.
The tape was sent “to people I know abroad and to my folks in case something happens”, Prince Hamzah said.
Seperatly on Monday, Maj Gen Huneiti said the country’s armed forces and security agencies “have the power and experience” to deal with any developments that might happen internally or in the region.
He made his comments while taking part in “Shield of the Nation,” a drill that included several brigades, special forces, border guards and the Royal Air Force in the eastern region of the kingdom, the state news agency Petra said.
The exercise did not appear to be related to the weekend incidents because such drills are planned well in advance.
Maj Gen Huneiti said the troops will confront anyone who “tries to endanger the nation’s security, terrify its citizens and threatens the security and stability of the kingdom.”
Family mediation
On Monday, Prince Hasan, a respected elder in the family, was appointed by King Abdullah to speak to Prince Hamzah and regain his loyalty.
The statement was reportedly co-signed by Prince Hasan at his house, in the presence of witnesses.
“In line with His Majesty King Abdullah’s decision to deal with Prince Hamzah’s issue from within the Hashemite family, he assigned this task to his uncle, Prince Hasan,” the royal court said.
The mediation was successful and the matter resolved, Malik R Dahlan, a professional mediator and friend of the royal family who is also a confidant of Hamzah.
Mr Dahlan is the principal of the Institution Quraysh for Law & Policy, with which Hamzah is associated
“The Royal Hashemite family has a long history and tradition of mediation, which is one of the many reasons for its formidable resilience and popularity,” he said.
“This moment can be seen as a pressure valve moment, and the King, in his wisdom, is using this opportunity to bring the family together, uphold the rule of law and resolve this matter with the dignity and the symbolism that it deserves."
Prince Hamzah's signed letter reaffirmed commitment to the king and to the royal family.
"In light of the developments over the past two days, I put myself at the disposal of His Majesty the King and I reaffirm that I will always remain committed to ... His Majesty the King and committed to the Constitution of the dear Hashemite Kingdom of Jordan. And I will always remain the supporter of His Majesty the King and his Crown Prince," the letter said.
"We must all stand behind His Majesty the King in his efforts to protect Jordan and its national interests, and to achieve the best for the Jordanian people, in commitment to the legacy of the Hashemites who have pledged themselves to serve the nation."
The five pillars of Islam
New Zealand T20 squad
New Zealand T20 squad: Tim Southee (captain), Finn Allen, Todd Astle, Hamish Bennett, Mark Chapman, Devon Conway (wicketkeeper), Lockie Ferguson, Martin Guptill, Adam Milne, Daryl Mitchell, Glenn Phillips, Ish Sodhi, Will Young
Formula%204%20Italian%20Championship%202023%20calendar
%3Cp%3EApril%2021-23%3A%20Imola%3Cbr%3EMay%205-7%3A%20Misano%3Cbr%3EMay%2026-28%3A%20SPA-Francorchamps%3Cbr%3EJune%2023-25%3A%20Monza%3Cbr%3EJuly%2021-23%3A%20Paul%20Ricard%3Cbr%3ESept%2029-Oct%201%3A%20Mugello%3Cbr%3EOct%2013-15%3A%20Vallelunga%3C%2Fp%3E%0A
The biog:
From: Wimbledon, London, UK
Education: Medical doctor
Hobbies: Travelling, meeting new people and cultures
Favourite animals: All of them
Persuasion
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Match info:
Burnley 0
Manchester United 2
Lukaku (22', 44')
Red card: Marcus Rashford (Man United)
Man of the match: Romelu Lukaku (Manchester United)
More coverage from the Future Forum
SPEC%20SHEET%3A%20APPLE%20TV%204K%20(THIRD%20GENERATION)
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How much do leading UAE’s UK curriculum schools charge for Year 6?
- Nord Anglia International School (Dubai) – Dh85,032
- Kings School Al Barsha (Dubai) – Dh71,905
- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
*Annual tuition fees covering the 2024/2025 academic year
The rules on fostering in the UAE
A foster couple or family must:
- be Muslim, Emirati and be residing in the UAE
- not be younger than 25 years old
- not have been convicted of offences or crimes involving moral turpitude
- be free of infectious diseases or psychological and mental disorders
- have the ability to support its members and the foster child financially
- undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
- A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially
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And%20Just%20Like%20That...
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Various%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Sarah%20Jessica%20Parker%2C%20Cynthia%20Nixon%2C%20Kristin%20Davis%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
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.”
UAE'S%20YOUNG%20GUNS
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The biog
Name: Abeer Al Bah
Born: 1972
Husband: Emirati lawyer Salem Bin Sahoo, since 1992
Children: Soud, born 1993, lawyer; Obaid, born 1994, deceased; four other boys and one girl, three months old
Education: BA in Elementary Education, worked for five years in a Dubai school
The%20Killer
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Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
The specs
BMW M8 Competition Coupe
Engine 4.4-litre twin-turbo V8
Power 625hp at 6,000rpm
Torque 750Nm from 1,800-5,800rpm
Gearbox Eight-speed paddleshift auto
Acceleration 0-100kph in 3.2 sec
Top speed 305kph
Fuel economy, combined 10.6L / 100km
Price from Dh700,000 (estimate)
On sale Jan/Feb 2020
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5