Jordan's former crown prince Hamzah bin Hussein was engaged in activities with foreign agents aimed at destabilising the kingdom, Deputy Prime Minister Ayman Al Safadi said on Sunday
Mr Al Safadi explained why former senior officials had been arrested late the previous evening.
On Saturday night, the official Petra news agency said former chief of the royal court Bassem Awadallah, royal family member Sharif Hassan Ben Zaid and other, unidentified figures had been detained for “security-related” reasons.
Prince Hamzah had said in a video recording that he was under house arrest along with his family, and had been told to stay at home and not contact anyone.
On Sunday's Mr Al Safadi, who is also the Foreign Minister, said Prince Hamzah was in communication with Mr Awadallah and other figures inside and outside the country to destabilise Jordan.
The figures had been monitored for a long period by security forces, and King Abdullah had been briefed on the situation.
People around the prince had links with an undisclosed "foreign party", Mr Al Safadi said.
The authorities intercepted communications between Prince Hamzah and foreign parties over the timing of steps to undermine Jordan's security, he said.
Efforts were made to contain the situation within the family, but they were ultimately unsuccessful.
After the suspects moved to a stage beyond planning to talking about the timing of when to act that authorities stepped in, Mr Al Safadi said. In all, 16 people were arrested.
The minister said a foreign intelligence agency had contacted Prince Hamzah's wife to ensure an aircraft was available to take them out of the country.
Although Mr Al Safadi did not specifically rule out reports that Prince Hamzah had tried to instigate a coup, he said "there is no talk of arresting any members of the armed forces" in connection with the plot.
This would appear to rule out a coup.
Security services have asked for those involved in the plot to be referred to the state security court, Mr Al Safadi said.
He also said that the operation was now concluded.
Officials initially denied that Prince Hamzah had been detained but that he had been told to “stop movements and activities that are employed to target the security of Jordan and its stability”.
Mr Awadallah was once a key player in drawing up the country's economic policy and served as chief of the Royal Hashemite Court until stepping down in 2008.
Countries rally around Jordan
The US, which has provided Jordan with substantial economic aid over the decades, was quick to issue a statement expressing concern and stressing the importance of stability in the kingdom.
US State Department spokesman Ned Price said Washington was in touch with officials in Amman and was monitoring the situation.
“King Abdullah is a key partner of the United States and he has our full support,” Mr Price said on Sunday night.
The US is Jordan's single largest provider of assistance since Amman signed a peace treaty with Israel in 1994.
Washington provided more than $1.5 billion in 2020, including including $425 million in military assistance.
Regional countries also released statements of support for King Abdullah and the Jordanian government after the arrests.
Jordan’s ability to weather crises is inspiring the regional and international community to back the stability of the country, UAE presidential adviser Dr Anwar Gargash tweeted on Sunday.
The Emirate’s Ministry of Presidential Affairs said the nation “affirmed its full solidarity with the Hashemite Kingdom of Jordan”, state-run Wam news agency reported.
Saudi Arabia was quick to issue a statement of support for the Jordanian government on Saturday night.
Saudi Crown Prince Mohammed bin Salman called King Abdullah to offer his support.
Riyadh said it would "stand by the Hashemite kingdom of Jordan and give its full support with all its capabilities for all decisions and measures taken by King Abdullah II and His Highness Prince Hussein bin Abdullah, Crown Prince, to maintain security and stability".
The Arab League, GCC, Bahrain, Oman, Iraq, Lebanon, Egypt, Qatar, Yemen, Palestine, Morocco and others also backed King Abdullah.
BULKWHIZ PROFILE
Date started: February 2017
Founders: Amira Rashad (CEO), Yusuf Saber (CTO), Mahmoud Sayedahmed (adviser), Reda Bouraoui (adviser)
Based: Dubai, UAE
Sector: E-commerce
Size: 50 employees
Funding: approximately $6m
Investors: Beco Capital, Enabling Future and Wain in the UAE; China's MSA Capital; 500 Startups; Faith Capital and Savour Ventures in Kuwait
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Dubai College A 50-12 Dubai College B
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WHAT IS A BLACK HOLE?
1. Black holes are objects whose gravity is so strong not even light can escape their pull
2. They can be created when massive stars collapse under their own weight
3. Large black holes can also be formed when smaller ones collide and merge
4. The biggest black holes lurk at the centre of many galaxies, including our own
5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed
DRIVERS' CHAMPIONSHIP STANDINGS
1. Sebastian Vettel (Ferrari) 171 points
2. Lewis Hamilton (Mercedes-GP) 151
3. Valtteri Bottas (Mercedes-GP) 136
4. Daniel Ricciardo (Red Bull Racing) 107
5. Kimi Raikkonen (Ferrari) 83
6. Sergio Perez (Force India) 50
7. Max Verstappen (Red Bull Racing) 45
8. Esteban Ocon (Force India) 39
9. Carlos Sainz (Torro Rosso) 29
10. Felipe Massa (Williams) 22
First Person
Richard Flanagan
Chatto & Windus
Tamkeen's offering
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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
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Monday, Oct 6 – Second T20I
Killing of Qassem Suleimani
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.”
Results
- Brock Lesnar retained the WWE Universal title against Roman Reigns
- Braun Strowman and Nicolas won the Raw Tag Team titles against Sheamus and Cesaro
- AJ Styles retained the WWE World Heavyweight title against Shinsuke Nakamura
- Nia Jax won the Raw Women’s title against Alexa Bliss
- Daniel Bryan and Shane McMahon beat Kevin Owens and Sami Zayn
- The Undertaker beat John Cena
- The Bludgeon Brothers won the SmackDown Tag Team titles against the Usos and New Day
- Ronda Rousey and Kurt Angle beat Triple H and Stephanie McMahon
- Jinder Mahal won the United States title against Randy Orton, Rusev and Bobby Roode
- Charlotte retained the SmackDown Women’s title against Asuka
- Seth Rollins won the Intercontinental title against The Miz and Finn Balor
- Naomi won the first WrestleMania Women’s Battle Royal
- Cedric Alexander won the vacant Cruiserweight title against Mustafa Ali
- Matt Hardy won the Andre the Giant Battle Royal