• Health Minister Firass Abiad, a gastrointestinal surgeon, is the chairman of the board of directors of Lebanon’s largest hospital, the Rafik Hariri Hospital. Photo: NNA
    Health Minister Firass Abiad, a gastrointestinal surgeon, is the chairman of the board of directors of Lebanon’s largest hospital, the Rafik Hariri Hospital. Photo: NNA
  • Minister of Administrative Development Najla Riachi is the only woman in the Cabinet and has served in a number of diplomatic positions, including as Lebanon’s permanent representative to the UN from 2007 to 2017. Photo: NNA
    Minister of Administrative Development Najla Riachi is the only woman in the Cabinet and has served in a number of diplomatic positions, including as Lebanon’s permanent representative to the UN from 2007 to 2017. Photo: NNA
  • Foreign Affairs Minister Abdallah Bou Habib served as Lebanon’s ambassador to the US between 1983 and 1990 and has worked for the Wold Bank. Photo: NNA
    Foreign Affairs Minister Abdallah Bou Habib served as Lebanon’s ambassador to the US between 1983 and 1990 and has worked for the Wold Bank. Photo: NNA
  • Interior Minister Bassam Al Mawla was a judge of the Chamber of First Instance in Beirut before heading the North Lebanon criminal court. Photo: NNA
    Interior Minister Bassam Al Mawla was a judge of the Chamber of First Instance in Beirut before heading the North Lebanon criminal court. Photo: NNA
  • Social Affairs Minister Hector Hajjar has worked for NGOs including Caritas and 'Risala Assalam' which supports people with special needs. Photo: NNA
    Social Affairs Minister Hector Hajjar has worked for NGOs including Caritas and 'Risala Assalam' which supports people with special needs. Photo: NNA
  • Economy Minister Amin Salam is a corporate lawyer and economist with a degree in leadership and management from the Harvard Kennedy School. Photo: NNA
    Economy Minister Amin Salam is a corporate lawyer and economist with a degree in leadership and management from the Harvard Kennedy School. Photo: NNA
  • Agriculture Minister Abbas Al Hajj Hassan is a former journalist who worked at France 24 in Paris. He studied law and political science in France. Photo: NNA
    Agriculture Minister Abbas Al Hajj Hassan is a former journalist who worked at France 24 in Paris. He studied law and political science in France. Photo: NNA
  • Defence Minister Maurice Salem served as the army's head of military medicine until his retirement at the rank of brigadier in 2012. Photo: NNA
    Defence Minister Maurice Salem served as the army's head of military medicine until his retirement at the rank of brigadier in 2012. Photo: NNA
  • Minister of the Displaced Issam Sharafeddine is a pharmacist by training who branched out into the business world in the 1990s when he started producing soaps, cosmetics and cleaning products. Photo: NNA
    Minister of the Displaced Issam Sharafeddine is a pharmacist by training who branched out into the business world in the 1990s when he started producing soaps, cosmetics and cleaning products. Photo: NNA
  • Information Minister George Kordahi worked as a journalist for MBC FM Radio in London and Lebanese television channel LBC. He is also a goodwill ambassador for the UN Environment Programme. Photo: NNA
    Information Minister George Kordahi worked as a journalist for MBC FM Radio in London and Lebanese television channel LBC. He is also a goodwill ambassador for the UN Environment Programme. Photo: NNA
  • Public Works and Transport Minister Ali Hamieh holds a PhD in electronics and optical communications from the University of Western Brittany in France. He is a lecturer at a number of local universities. Photo: NNA
    Public Works and Transport Minister Ali Hamieh holds a PhD in electronics and optical communications from the University of Western Brittany in France. He is a lecturer at a number of local universities. Photo: NNA
  • Energy Minister Walid Fayyad is managing director of the Mena division at international consulting firm Partners in Performance. Photo: NNA
    Energy Minister Walid Fayyad is managing director of the Mena division at international consulting firm Partners in Performance. Photo: NNA
  • Tourism Minister Walid Nassar has worked as a consultant for Lebanon’s participation in Expo 2020 Dubai. Photo: NNA
    Tourism Minister Walid Nassar has worked as a consultant for Lebanon’s participation in Expo 2020 Dubai. Photo: NNA
  • Environment Minister Nasser Yassin is the current director of the Crisis Observatory at the American University of Beirut. Photo: NNA
    Environment Minister Nasser Yassin is the current director of the Crisis Observatory at the American University of Beirut. Photo: NNA
  • Labour Minister Moustafa Bayram is one of Hezbollah’s ministers in the Cabinet. He was appointed head legal observer in the audit department of the Council of Ministers in 1998. Photo: NNA
    Labour Minister Moustafa Bayram is one of Hezbollah’s ministers in the Cabinet. He was appointed head legal observer in the audit department of the Council of Ministers in 1998. Photo: NNA
  • Sports and Youth Minister George Kallas has held a number of administrative positions in Lebanese newspapers and universities and as a lecturer at the faculty of documentation and information at the Lebanese University. Photo: NNA
    Sports and Youth Minister George Kallas has held a number of administrative positions in Lebanese newspapers and universities and as a lecturer at the faculty of documentation and information at the Lebanese University. Photo: NNA
  • Education Minister Abbas Halabi is a former judge and vice chairman of the board of directors and legal counsel at Lebanese bank BBAC and holds a degree in French and Lebanese law from Saint Joseph University in Beirut. He is vice president of the Lebanese National Commission for Unesco. Photo: Unesco
    Education Minister Abbas Halabi is a former judge and vice chairman of the board of directors and legal counsel at Lebanese bank BBAC and holds a degree in French and Lebanese law from Saint Joseph University in Beirut. He is vice president of the Lebanese National Commission for Unesco. Photo: Unesco
  • Justice Minister Henry Khoury is the former head of the State Shura Council. Photo: NNA
    Justice Minister Henry Khoury is the former head of the State Shura Council. Photo: NNA
  • Industry Minister George Boujikian is a businessman who has founded several Lebanese companies including pharmaceutical companies Technoline and BioDiamond Middle East. He holds both Lebanese and Canadian citizenship. Photo: NNA
    Industry Minister George Boujikian is a businessman who has founded several Lebanese companies including pharmaceutical companies Technoline and BioDiamond Middle East. He holds both Lebanese and Canadian citizenship. Photo: NNA

Who is in the new Lebanese Cabinet?


  • English
  • Arabic

Prime Minister-designate Najib Mikati formed a government of 24 ministers on Friday, exactly one year after his predecessor Hassan Diab resigned in the wake of a deadly blast at Beirut port.

The past year has been marred by political wrangling between Lebanon's sectarian political parties, which have been widely accused of prioritising their interests over the population's.

The country's worst economic crisis, which came to a head in late 2019, stems from decades of corruption in the state and unsustainable financing. The local currency has lost more than 90 per cent of its value and the UN believes about 80 per cent of the population lives in poverty.

The Cabinet includes 12 Christians and 12 Muslims in line with Lebanon's sectarian politics. The Prime Minister is always Sunni Muslim, the President Christian Maronite, and the Parliament Speaker Shiite Muslim. There is only one woman among the ministers.

Lebanon's new Cabinet

Prime Minister: Najib Mikati

Head of his own political party, the Azm Movement

Two-time Prime Minister Najib Mikati is one of Lebanon’s most successful businessmen. Forbes estimates Mr Mikati’s fortune to reach $2.9 billion.

He was picked on July 26 to form a Cabinet after veteran politician Saad Hariri stepped down on July 16, months after diplomat Mustapha Adib also failed to form a government on September 26.

Mr Mikati has previously said he would seek to restart negotiations with the IMF once his government was formed. In his speech on Friday, he vowed to hold next year’s elections on time and promised a “governmental plan to rescue the country”.

Deputy Prime Minister: Saadeh Al Shami

Chosen by: the Syrian Social Nationalist Party

Mr Al Shami was Middle East technical assistance regional office director at the IMF from 2008 to 2013 and worked at the IMF for around two decades, an IMF spokesperson told The National.

Additionally, Lebanese newspaper Al Akhbar previously reported that Mr Al Shami served for five years as the chairman of the Lebanon's Capital Markets Authority.

Foreign Minister: Abdallah Bou Habib

Chosen by: Najib Mikati / former PM Saad Hariri, close to President Michel Aoun

A former World Bank economist with a doctorate in economics from Vanderbilt University in Nashville, Tennessee, Mr Bou Habib served as Lebanon’s ambassador to Washington between 1983 and 1990 - when President Ronald Reagan elected to withdraw US Marines from the country - Lebanon's state-run National News Agency said.

Mr Bou Habib returned to the World Bank in 1992 as an adviser to the head of the MENA regional communications department.

Mr Bou Habib founded the Issam Fares Institute in 2007, a Beirut based think tank. He also headed the office of former deputy prime minister Issam Fares, with whom he was very close.

Interior Minister: Bassam Mawlawi

Chosen by: former PM Saad Hariri

Mr Mawla was a judge of the Chamber of First Instance in Beirut before heading the North Lebanon criminal court, the NNA said.

Defence Minister: Maurice Salem

Chosen by: President Michel Aoun

Born in the town of Kfarshima south-east of Beirut in 1954, Mr Salem joined the military college in 1972, eventually graduating into the artillery corps at the rank of lieutenant, said the NNA.

His final position in the army was Head of Military medicine, until his retirement at the rank of brigadier in 2012. His time in the military included a period of study at the US staff college at Fort Leavenworth.

  • Lebanon's Prime Minister Najib Mikati gestures as he speaks to the press after meeting President Michel Aoun at the presidential palace in Baabda. Reuters
    Lebanon's Prime Minister Najib Mikati gestures as he speaks to the press after meeting President Michel Aoun at the presidential palace in Baabda. Reuters
  • President Michel Aoun meets Parliament Speaker Nabih Berri and Prime Minister-designate Najib Mikati at the presidential palace in Baabda before the announcement of the formation of a new government under Mr Mikati. Dalati and Nohra / AFP
    President Michel Aoun meets Parliament Speaker Nabih Berri and Prime Minister-designate Najib Mikati at the presidential palace in Baabda before the announcement of the formation of a new government under Mr Mikati. Dalati and Nohra / AFP
  • Mr Aoun (L) and Mr Mikati before the announcement of the formation of a new Lebanese government ending a 13-month vacancy. Dalati and Nohra / AFP
    Mr Aoun (L) and Mr Mikati before the announcement of the formation of a new Lebanese government ending a 13-month vacancy. Dalati and Nohra / AFP
  • Lebanese Prime Minister Najib Mikat attends Friday prayers at a mosque in downtown Beirut. AP
    Lebanese Prime Minister Najib Mikat attends Friday prayers at a mosque in downtown Beirut. AP
  • Najib Mikati arriving at the presidential palace in Baabda, Lebanon. Reuters
    Najib Mikati arriving at the presidential palace in Baabda, Lebanon. Reuters
  • Lebanese Speaker of the Parliament Nabih Berri arrives at the presidential palace in Baabda. Reuters
    Lebanese Speaker of the Parliament Nabih Berri arrives at the presidential palace in Baabda. Reuters
  • The government palace in Beirut, Lebanon. Reuters
    The government palace in Beirut, Lebanon. Reuters
  • Protesters in Beirut.
    Protesters in Beirut.
  • Anti-government protesters during a demonstration outside the French embassy in Beirut, Lebanon. EPA
    Anti-government protesters during a demonstration outside the French embassy in Beirut, Lebanon. EPA
  • Demonstrators with placards appealing to French President Emmanuel Macron. EPA
    Demonstrators with placards appealing to French President Emmanuel Macron. EPA
  • Protesters outside the French embassy in Beirut, Lebanon. EPA
    Protesters outside the French embassy in Beirut, Lebanon. EPA

Finance Minister: Youssef Khalil

Chosen by: Parliament Speaker Nabih Berri, head of political party the Amal Movement

Mr Khalil is the director of the Lebanese central bank’s Financial Operations Department. The website of the Lebanese microfinance association, over which he presides, says that he obtained a doctorate in France from the Centre of Studies and Research in International Development and joined the central bank in 1982 as an economist.

Justice Minister: Henry Khoury

Chosen by: President Michel Aoun

A retired judge, Mr Khoury is the former head of the State Shura Council, Lebanese radio station Voix du Liban said.

Economy Minister: Amin Salam

Chosen by: Najib Mikati

Mr Salam is a corporate lawyer and economist with a degree in leadership and management from the Harvard Kennedy School, the NNA said. He is a former vice-president for business development of the National-US Arab Chamber of Commerce.

Health Minister: Firass Abiad

Chosen by: Saad Hariri

A gastrointestinal surgeon, Mr Abiad has been the chairman of the board of directors of Lebanon’s largest hospital, the Rafic Hariri Hospital, since 2015. Mr Abiad studied at the American University of Beirut, where he obtained an MBA in 2013.

Mr Abiad shot into public consciousness as the face of Lebanon’s response to the coronavirus pandemic.

A recent profile in Slate magazine called him “Lebanon’s version of Anthony Fauci: a medical professional who offers data-driven assessments of the course of the pandemic at a time when many government officials seem asleep at the wheel”.

Environment Minister: Nasser Yassin

Chosen by: Saad Hariri

Mr Yassin is the current director of the crisis observatory at the American University of Beirut. The NNA said he obtained a doctorate in planning sciences from University College London in 2008 and directed the Issam Fares Foundation for public policy and international relations at AUB from 2019-2020.

Public Works and Transport Minister: Ali Hamieh

Chosen by: Hezbollah

Born in the village of Taraya in east Lebanon in 1977, Mr Hamieh holds a PhD in electronics and optical communications from the University of Western Brittany in France, the NNA said. He is a lecturer at a number of local universities.

Agriculture Minister: Abbas Al Hajj Hassan

Chosen by: Amal Movement

Born in 1975 in the town of Chaat in the region of Baalbek, Mr Hajj Hassan is a former journalist who previously worked at France 24 in Paris. He studied law and political science in France, the NNA said.

Labour Minister: Moustafa Bayram

Chosen by: Hezbollah

Mr Bayram has a diploma in public law, and a master's degree in financial law from the Islamic University, the NNA said. Born in 1972, he was appointed head legal observer in the audit department of the Council of Ministers in 1998.

Education Minister: Abbas Halabi

Chosen by: Walid Joumblatt, head of the Progressive Socialist Party

Mr Halabi’s biography states that he is a former judge and vice-chairman of the board of directors and legal counsel at Lebanese bank BBAC and holds a degree in French and Lebanese Law from Saint Joseph University in Beirut. He is vice-president of the Lebanese National Commission for Unesco.

Minister of the Displaced: Issam Sharafeddine

Chosen by: Talal Arslan, head of the Lebanese Democratic Party

Born in the town of Aley in 1954, Mr Sharafeddine is a trained pharmacist who branched out into the business world in the 1990s when he started producing soaps, cosmetics and cleaning products, the NNA said.

He is a co-founder of beauty company Sharafeddine Industrial Laboratories and an adviser to Druze politician Talal Arslan, an opponent to Lebanon’s veteran Druze leader Walid Joumblatt, since 1991.

Information Minister: George Qordahi

Chosen by: Christian political party Marada

Born in 1950, Mr Qordahi, a prominent TV personnality, holds a bachelor’s degree in law and political science from the Lebanese University, the NNA said. He worked as a journalist for MBC FM Radio in London and Lebanese television channel LBC. He has been awarded the title of Goodwill Ambassador for the United Nations Environment Organisation.

Social Affairs: Hector Hajjar

Chosen by: President Michel Aoun

Born in 1965, Mr Hajjar holds a doctorate in dentistry from the Lebanese University, the NNA said. He has worked in NGOs including Caritas and Risala Assalam, which supports people with special needs.

Energy Minister: Walid Fayyad

Chosen by: President Michel Aoun

Mr Fayyad holds a master's in civil and environmental engineering from MIT, the NNA said. He has been managing director of the MENA division at international consulting firm Partners in Performance since 2019.

Tourism Minister: Walid Nassar

Chosen by: President Michel Aoun

Born in the coastal town of Jbeil in 1968, Mr Nassar studied engineering at Beirut’s Saint Joseph University. The NNA describes him as a “founder of several companies in Lebanon and Saudi Arabia in the fields of engineering, contracting and project management”.

He recently worked as a consultant for Lebanon’s participation in the Expo 2020 Dubai.

Administrative Development: Najla Riachi

Independent

Born in the village of Khenshara in the mountains north-east of Beirut, Ms Riachi is the only woman in Mr Mikati’s Cabinet.

Ms Riachi has served in a number of diplomatic positions, including as Lebanon’s permanent representative to the United Nations from 2007 to 2017, the NNA said. She holds two bachelor's degrees from Lebanon’s Saint Joseph University in political and administrative sciences, as well as in history and geography. She directed the office of Lebanon’s minister of foreign affairs from 2012 to 2020.

Sports and Youth: George Kallas

Independent

Born in 1953, Brig Gen Kallas has held a number of administrative positions in Lebanese newspapers and universities, including editor of local daily Annahar’s culture pages and lecturer at the faculty of documentation and information at the Lebanese University, the NNA said.

Industry Minister: George Boujikian

Chosen by: Armenian political party Tashnag

Born in 1965 in the city of Zahle, Mr Boujikian is a businessman who has founded several Lebanese companies according to the NNA, including pharmaceutical companies Technoline and BioDiamond Middle East. He holds both Lebanese and Canadian citizenship.

Telecommunications Minister: Johnny Corm

Chosen by: Marada

Mr Corm has been the director of General Paint, a Lebanese company which specialises in automotive coating, for the past two decades, said the NNA. Born in 1966, he holds an MBA from West Virginia University in the US.

Culture Minister: Mohammad Mortada

Chosen by : Amal

Born in 1972, Mr Mortada is a judge who currently heads the Mount Lebanon criminal court, according to the NNA. Between 2009 and 2018, he was twice a member of the Supreme Judicial Council, an ten-member administrative body which approves the appointment of judges amongst others.

Tips for job-seekers
  • Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
  • Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.

David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East

The specs

Engine: 2.0-litre 4-cylinder turbo

Power: 240hp at 5,500rpm

Torque: 390Nm at 3,000rpm

Transmission: eight-speed auto

Price: from Dh122,745

On sale: now

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

Frida%20
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ECarla%20Gutierrez%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Frida%20Kahlo%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A

'Unrivaled: Why America Will Remain the World’s Sole Superpower'
Michael Beckley, Cornell Press

Honeymoonish
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Elie%20El%20Samaan%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3ENour%20Al%20Ghandour%2C%20Mahmoud%20Boushahri%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
Oscars in the UAE

The 90th Academy Awards will be aired in the UAE from 3.30am on Monday, March 5 on OSN, with the ceremony starting at 5am

The%20trailblazers
%3Cp%3ESixteen%20boys%20and%2015%20girls%20have%20gone%20on%20from%20Go-Pro%20Academy%20in%20Dubai%20to%20either%20professional%20contracts%20abroad%20or%20scholarships%20in%20the%20United%20States.%20Here%20are%20two%20of%20the%20most%20prominent.%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EGeorgia%20Gibson%20(Newcastle%20United)%3C%2Fstrong%3E%0D%3Cbr%3EThe%20reason%20the%20academy%20in%20Dubai%20first%20set%20up%20a%20girls%E2%80%99%20programme%20was%20to%20help%20Gibson%20reach%20her%20potential.%20Now%20she%20plays%20professionally%20for%20Newcastle%20United%20in%20the%20UK.%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMackenzie%20Hunt%20(Everton)%3C%2Fstrong%3E%0D%3Cbr%3EAttended%20DESS%20in%20Dubai%2C%20before%20heading%20to%20the%20UK%20to%20join%20Everton%20full%20time%20as%20a%20teenager.%20He%20was%20on%20the%20bench%20for%20the%20first%20team%20as%20recently%20as%20their%20fixture%20against%20Brighton%20on%20February%2024.%0D%3C%2Fp%3E%0A
Star%20Wars%3A%20Episode%20I%20%E2%80%93%20The%20Phantom%20Menace
%3Cp%3E%3Cstrong%3EDeveloper%3A%3C%2Fstrong%3E%20Big%20Ape%20Productions%3Cbr%3E%3Cstrong%3EPublisher%3A%3C%2Fstrong%3E%20LucasArts%3Cbr%3E%3Cstrong%3EConsoles%3A%3C%2Fstrong%3E%20PC%2C%20PlayStation%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%202%2F5%3C%2Fp%3E%0A
UAE currency: the story behind the money in your pockets
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

Correspondents

By Tim Murphy

(Grove Press)

Tank warfare

Lt Gen Erik Petersen, deputy chief of programs, US Army, has argued it took a “three decade holiday” on modernising tanks. 

“There clearly remains a significant armoured heavy ground manoeuvre threat in this world and maintaining a world class armoured force is absolutely vital,” the general said in London last week.

“We are developing next generation capabilities to compete with and deter adversaries to prevent opportunism or miscalculation, and, if necessary, defeat any foe decisively.”

Without Remorse

Directed by: Stefano Sollima

Starring: Michael B Jordan

4/5

Company%20profile
%3Cp%3EName%3A%20Tabby%3Cbr%3EFounded%3A%20August%202019%3B%20platform%20went%20live%20in%20February%202020%3Cbr%3EFounder%2FCEO%3A%20Hosam%20Arab%2C%20co-founder%3A%20Daniil%20Barkalov%3Cbr%3EBased%3A%20Dubai%2C%20UAE%3Cbr%3ESector%3A%20Payments%3Cbr%3ESize%3A%2040-50%20employees%3Cbr%3EStage%3A%20Series%20A%3Cbr%3EInvestors%3A%20Arbor%20Ventures%2C%20Mubadala%20Capital%2C%20Wamda%20Capital%2C%20STV%2C%20Raed%20Ventures%2C%20Global%20Founders%20Capital%2C%20JIMCO%2C%20Global%20Ventures%2C%20Venture%20Souq%2C%20Outliers%20VC%2C%20MSA%20Capital%2C%20HOF%20and%20AB%20Accelerator.%3Cbr%3E%3C%2Fp%3E%0A
U19 WORLD CUP, WEST INDIES

UAE group fixtures (all in St Kitts)

  • Saturday 15 January: UAE beat Canada by 49 runs 
  • Thursday 20 January: v England 
  • Saturday 22 January: v Bangladesh 

UAE squad:

Alishan Sharafu (captain), Shival Bawa, Jash Giyanani, Sailles
Jaishankar, Nilansh Keswani, Aayan Khan, Punya Mehra, Ali Naseer, Ronak Panoly,
Dhruv Parashar, Vinayak Raghavan, Soorya Sathish, Aryansh Sharma, Adithya
Shetty, Kai Smith  

Traits of Chinese zodiac animals

Tiger:independent, successful, volatile
Rat:witty, creative, charming
Ox:diligent, perseverent, conservative
Rabbit:gracious, considerate, sensitive
Dragon:prosperous, brave, rash
Snake:calm, thoughtful, stubborn
Horse:faithful, energetic, carefree
Sheep:easy-going, peacemaker, curious
Monkey:family-orientated, clever, playful
Rooster:honest, confident, pompous
Dog:loyal, kind, perfectionist
Boar:loving, tolerant, indulgent   

25%20Days%20to%20Aden
%3Cp%3EAuthor%3A%20Michael%20Knights%3C%2Fp%3E%0A%3Cp%3EPages%3A%20256%3C%2Fp%3E%0A%3Cp%3EAvailable%3A%20January%2026%3C%2Fp%3E%0A
UAE central contracts

Full time contracts

Rohan Mustafa, Ahmed Raza, Mohammed Usman, Chirag Suri, Mohammed Boota, Sultan Ahmed, Zahoor Khan, Junaid Siddique, Waheed Ahmed, Zawar Farid

Part time contracts

Aryan Lakra, Ansh Tandon, Karthik Meiyappan, Rahul Bhatia, Alishan Sharafu, CP Rizwaan, Basil Hameed, Matiullah, Fahad Nawaz, Sanchit Sharma

match info

Manchester United 3 (Martial 7', 44', 74')

Sheffield United 0

COMPANY%20PROFILE%20
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ETerra%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202021%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Hussam%20Zammar%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20Mobility%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Pre-seed%20funding%20of%20%241%20million%3Cbr%3E%3C%2Fp%3E%0A
RIVER%20SPIRIT
%3Cp%3E%3Cstrong%3EAuthor%3A%20%3C%2Fstrong%3ELeila%20Aboulela%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPublisher%3A%3C%2Fstrong%3E%20Saqi%20Books%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPages%3A%3C%2Fstrong%3E%20320%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EAvailable%3A%3C%2Fstrong%3E%20Now%3C%2Fp%3E%0A
COMPANY PROFILE
Name: Airev
Started: September 2023
Founder: Muhammad Khalid
Based: Abu Dhabi
Sector: Generative AI
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
 

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.”

The specs: 2019 Mini Cooper

Price, base: Dh141,740 (three-door) / Dh165,900 (five-door)
Engine: 1.5-litre four-cylinder (Cooper) / 2.0-litre four-cylinder (Cooper S)
Power: 136hp @ 4,500rpm (Cooper) / 192hp @ 5,000rpm (Cooper S)
Torque: 220Nm @ 1,480rpm (Cooper) / 280Nm @ 1,350rpm (Cooper S)
Transmission: Seven-speed automatic
Fuel consumption, combined: 4.8L to 5.4L / 100km

UAE currency: the story behind the money in your pockets
POWERWASH%20SIMULATOR
%3Cp%3E%3Cstrong%3EDeveloper%3A%3C%2Fstrong%3E%20FuturLab%3Cbr%3E%3Cstrong%3EPublisher%3A%20%3C%2Fstrong%3ESquare%20Enix%20Collective%3Cbr%3E%3Cstrong%3EConsole%3A%20%3C%2Fstrong%3ENintendo%20Switch%2C%3Cstrong%3E%20%3C%2Fstrong%3EPlayStation%204%20%26amp%3B%205%2C%20Xbox%20Series%20X%2FS%20and%20PC%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
ASHES FIXTURES

1st Test: Brisbane, Nov 23-27 
2nd Test: Adelaide, Dec 2-6
3rd Test: Perth, Dec 14-18
4th Test: Melbourne, Dec 26-30
5th Test: Sydney, Jan 4-8

ENGLAND SQUAD

Eoin Morgan (captain), Moeen Ali, Jonny Bairstow, Sam Billings, Jos Buttler, Tom Curran, Alex Hales, Liam Plunkett, Adil Rashid, Joe Root, Jason Roy, Ben Stokes, David Willey, Chris Woakes, Mark Wood

if you go

The flights

Emirates offer flights to Buenos Aires from Dubai, via Rio De Janeiro from around Dh6,300. emirates.com

Seeing the games

Tangol sell experiences across South America and generally have good access to tickets for most of the big teams in Buenos Aires: Boca Juniors, River Plate, and Independiente. Prices from Dh550 and include pick up and drop off from your hotel in the city. tangol.com

 

Staying there

Tangol will pick up tourists from any hotel in Buenos Aires, but after the intensity of the game, the Faena makes for tranquil, upmarket accommodation. Doubles from Dh1,110. faena.com

 

Under 19 World Cup

Group A: India, Japan, New Zealand, Sri Lanka

Group B: Australia, England, Nigeria, West Indies

Group C: Bangladesh, Pakistan, Scotland, Zimbabwe

Group D: Afghanistan, Canada, South Africa, UAE

 

UAE fixtures

Saturday, January 18, v Canada

Wednesday, January 22, v Afghanistan

Saturday, January 25, v South Africa

SPEC%20SHEET%3A%20NOTHING%20PHONE%20(2)
%3Cp%3E%3Cstrong%3EDisplay%3A%3C%2Fstrong%3E%206.7%E2%80%9D%20LPTO%20Amoled%2C%202412%20x%201080%2C%20394ppi%2C%20HDR10%2B%2C%20Corning%20Gorilla%20Glass%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EProcessor%3A%3C%2Fstrong%3E%20Qualcomm%20Snapdragon%208%2B%20Gen%202%2C%20octa-core%3B%20Adreno%20730%20GPU%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMemory%3A%3C%2Fstrong%3E%208%2F12GB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECapacity%3A%3C%2Fstrong%3E%20128%2F256%2F512GB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPlatform%3A%3C%2Fstrong%3E%20Android%2013%2C%20Nothing%20OS%202%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMain%20camera%3A%3C%2Fstrong%3E%20Dual%2050MP%20wide%2C%20f%2F1.9%20%2B%2050MP%20ultrawide%2C%20f%2F2.2%3B%20OIS%2C%20auto-focus%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMain%20camera%20video%3A%3C%2Fstrong%3E%204K%20%40%2030%2F60fps%2C%201080p%20%40%2030%2F60fps%3B%20live%20HDR%2C%20OIS%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFront%20camera%3A%3C%2Fstrong%3E%2032MP%20wide%2C%20f%2F2.5%2C%20HDR%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFront%20camera%20video%3A%3C%2Fstrong%3E%20Full-HD%20%40%2030fps%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBattery%3A%3C%2Fstrong%3E%204700mAh%3B%20full%20charge%20in%2055m%20w%2F%2045w%20charger%3B%20Qi%20wireless%2C%20dual%20charging%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EConnectivity%3A%3C%2Fstrong%3E%20Wi-Fi%2C%20Bluetooth%205.3%2C%20NFC%20(Google%20Pay)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBiometrics%3A%3C%2Fstrong%3E%20Fingerprint%2C%20face%20unlock%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EI%2FO%3A%3C%2Fstrong%3E%20USB-C%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EDurability%3A%3C%2Fstrong%3E%20IP54%2C%20limited%20protection%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECards%3A%3C%2Fstrong%3E%20Dual-nano%20SIM%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EColours%3A%3C%2Fstrong%3E%20Dark%20grey%2C%20white%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIn%20the%20box%3A%3C%2Fstrong%3E%20Nothing%20Phone%20(2)%2C%20USB-C-to-USB-C%20cable%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPrice%20(UAE)%3A%3C%2Fstrong%3E%20Dh2%2C499%20(12GB%2F256GB)%20%2F%20Dh2%2C799%20(12GB%2F512GB)%3C%2Fp%3E%0A
Thank You for Banking with Us

Director: Laila Abbas

Starring: Yasmine Al Massri, Clara Khoury, Kamel El Basha, Ashraf Barhoum

Rating: 4/5

Emirates exiles

Will Wilson is not the first player to have attained high-class representative honours after first learning to play rugby on the playing fields of UAE.

Jonny Macdonald
Abu Dhabi-born and raised, the current Jebel Ali Dragons assistant coach was selected to play for Scotland at the Hong Kong Sevens in 2011.

Jordan Onojaife
Having started rugby by chance when the Jumeirah College team were short of players, he later won the World Under 20 Championship with England.

Devante Onojaife
Followed older brother Jordan into England age-group rugby, as well as the pro game at Northampton Saints, but recently switched allegiance to Scotland.

Titanium Escrow profile

Started: December 2016
Founder: Ibrahim Kamalmaz
Based: UAE
Sector: Finance / legal
Size: 3 employees, pre-revenue  
Stage: Early stage
Investors: Founder's friends and Family

Updated: September 17, 2021, 9:18 AM