Pope Francis dies aged 88


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World leaders send condolences after Pope's death

Pope Francis, the first Latin American leader of the Roman Catholic Church, has died, the Vatican said on Monday. He was 88.

"This morning at 7.35am [5.35am GMT] the Bishop of Rome, Francis, returned to the home of the Father," Cardinal Kevin Farrell said in the statement.

The pontiff had suffered various ailments during his 12-year papacy. His tenure was marked by division and tension as he sought to overhaul the church.

World leaders' condolences

Leaders from around the globe offered their condolences.

UAE President Sheikh Mohamed said: "I extend my deepest condolences to Catholics around the world on the passing of Pope Francis, who dedicated his life to promoting the principles of peaceful coexistence and understanding. May he rest in peace."

Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, said Pope Francis was "a great leader whose compassion and commitment to peace touched countless lives".

"His legacy of humility and interfaith unity will continue to inspire many communities around the world," Sheikh Mohammed said.

The UK's King Charles III said he was "most deeply saddened" and expressed his "most heartfelt condolences and profound sympathy to the church he served with such resolve".

Indian Prime Minister Narendra Modi said: "Pope Francis will always be remembered as a beacon of compassion, humility and spiritual courage by millions across the world."

  • Jorge Mario Bergoglio, who became Pope Francis and leader of the Catholic Church in 2013, has died at the age of 88. Getty Images
    Jorge Mario Bergoglio, who became Pope Francis and leader of the Catholic Church in 2013, has died at the age of 88. Getty Images
  • Pope Francis attends the funeral Mass for Pope Emeritus Benedict XVI in January 2023 at St Peter's Square in Vatican City. Getty Images
    Pope Francis attends the funeral Mass for Pope Emeritus Benedict XVI in January 2023 at St Peter's Square in Vatican City. Getty Images
  • Pope Francis with Sheikh Mohamed bin Zayed and Sheikh Mohammed bin Rashid at the Presidential Palace in Abu Dhabi in February 2019. Photo: Presidential Court
    Pope Francis with Sheikh Mohamed bin Zayed and Sheikh Mohammed bin Rashid at the Presidential Palace in Abu Dhabi in February 2019. Photo: Presidential Court
  • Pope Francis with King Hamad of Bahrain at Sakhir Palace, south of Manama, in November 2022. Reuters
    Pope Francis with King Hamad of Bahrain at Sakhir Palace, south of Manama, in November 2022. Reuters
  • Pope Francis leads Mass with the new cardinals in August 2022 in Vatican City. Getty
    Pope Francis leads Mass with the new cardinals in August 2022 in Vatican City. Getty
  • Pope Francis is driven in his specially designed vehicle to present his weekly address in June 2022. AP
    Pope Francis is driven in his specially designed vehicle to present his weekly address in June 2022. AP
  • Pope Francis conducts Mass at Franso Hariri Stadium in March 2021 in Erbil, Iraq. Getty Images
    Pope Francis conducts Mass at Franso Hariri Stadium in March 2021 in Erbil, Iraq. Getty Images
  • Pope Francis releases a white dove near the ruins of the Syriac Catholic Church of the Immaculate Conception in the old city of Mosul, Iraq, in March 2021. AFP
    Pope Francis releases a white dove near the ruins of the Syriac Catholic Church of the Immaculate Conception in the old city of Mosul, Iraq, in March 2021. AFP
  • Pope Francis arrives at the Franso Hariri Stadium in Erbil in March 2021. Getty Images
    Pope Francis arrives at the Franso Hariri Stadium in Erbil in March 2021. Getty Images
  • Pope Francis celebrates Mass at Zayed Sport City, Abu Dhabi, in February 2019. Getty Images
    Pope Francis celebrates Mass at Zayed Sport City, Abu Dhabi, in February 2019. Getty Images
  • Pope Francis during the Stations of the Cross at the Colosseum in March 2018 in Rome. Getty Images
    Pope Francis during the Stations of the Cross at the Colosseum in March 2018 in Rome. Getty Images
  • Pope Francis at Easter Mass in St Peter's Square, Vatican City, in April 2017. Getty Images
    Pope Francis at Easter Mass in St Peter's Square, Vatican City, in April 2017. Getty Images
  • Pope Francis meets migrants at the Moria detention centre in Lesbos, Greece, in April 2016. Getty Images
    Pope Francis meets migrants at the Moria detention centre in Lesbos, Greece, in April 2016. Getty Images
  • Pope Francis washes the feet of 12 migrants during Easter celebrations in Rome in 2016. Getty Images
    Pope Francis washes the feet of 12 migrants during Easter celebrations in Rome in 2016. Getty Images
  • Pope Francis greets the faithful as he holds his weekly audience in St Peter's Square in 2014. Getty Images
    Pope Francis greets the faithful as he holds his weekly audience in St Peter's Square in 2014. Getty Images
  • Pope Francis prays by the Western Wall in Jerusalem in May 2014. Getty Images
    Pope Francis prays by the Western Wall in Jerusalem in May 2014. Getty Images
  • A newly elected Pope Francis waves from the balcony of St Peter's Basilica in Vatican City in March 2013. Getty Images
    A newly elected Pope Francis waves from the balcony of St Peter's Basilica in Vatican City in March 2013. Getty Images
  • Pope John Paul II names Jorge Mario Bergoglio as cardinal in St Peter's Square in February 2001. Getty Images
    Pope John Paul II names Jorge Mario Bergoglio as cardinal in St Peter's Square in February 2001. Getty Images
  • Jorge Bergoglio, before he became known as Pope Francis, with his mother Maria Regina Sivori and father Mario Jose Bergoglio in Buenos Aires in 1958. AFP
    Jorge Bergoglio, before he became known as Pope Francis, with his mother Maria Regina Sivori and father Mario Jose Bergoglio in Buenos Aires in 1958. AFP
  • Jorge Bergoglio with his family. AP
    Jorge Bergoglio with his family. AP

Ursula von der Leyen, President of the European Commission, said the pontiff "inspired millions, far beyond the Catholic Church, with his humility and love so pure for the less fortunate".

Iraqi President Abdul Latif Rashid said the Pope’s death meant “the entire world loses a unique religious and humanitarian figure, one who, throughout his life, rendered invaluable services to the causes of peace, poverty, and religious tolerance".

The Holy See announced the Pope's death after more than two weeks of treatment in hospital for bronchitis. Doctors at the Gemelli Hospital in Rome had diagnosed pneumonia in both lungs and reported a "complex clinical picture".

Despite "slight" incremental improvements in the Pope's condition last week, according to the Vatican, he suffered a setback that required him to use a "non-invasive mechanical ventilation" before two episodes of acute respiratory failure on Monday.

The Argentinian pontiff, the first pope in more than 1,000 years from outside Europe, cancelled weekly audiences and events linked to the Vatican's Jubilee Year.

Arab world outreach

Although Pope Francis's health grew increasingly frail over his 12-year papacy he had maintained a busy schedule of foreign trips, breaking new ground for a pope with historic visits to the UAE, Bahrain and Iraq. After a break for Covid-19, he resumed his pastoral travel with a journey to former ISIS strongholds in Iraq in 2021, during which he prayed in the Old City of Mosul.

His visit to the UAE in 2019 was the first such visit by a Catholic Pope to the Arabian Peninsula. The historic visit marked stronger ties with the Muslim and Arab worlds.

A former archbishop of Buenos Aires, who was known as Jorge Mario Bergoglio before his election to the papacy, Pope Francis was the first pontiff from the Americas, the first Jesuit pope and the first non-European pontiff since the eighth century. He was elected pope in 2013 after Pope Benedict XVI became the first pontiff in almost 600 years to resign his office.

Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, receives Pope Francis, Head of the Catholic Church, at the Presidential Airport in Abu Dhabi in 2020. Mohamed Al Hammadi / Ministry of Presidential Affairs
Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, receives Pope Francis, Head of the Catholic Church, at the Presidential Airport in Abu Dhabi in 2020. Mohamed Al Hammadi / Ministry of Presidential Affairs

Gaza war

He spoke out regularly against conflict around the globe and last December used a Christmas address to highlight the plight of Palestinians in the Gaza Strip, describing the humanitarian situation as "extremely grave". Throughout much of the war between Israel and Hamas, he made frequent phone calls to the Holy Family Church in Gaza city to ask after the welfare of Christians taking refuge there.

During his papacy the Vatican joined Muslim leaders to fashion the 2019 Document on Human Fraternity, which was signed in Abu Dhabi to promote dialogue and understanding between the Christian and Islamic faiths. His UAE trip included a visit to the Sheikh Zayed Grand Mosque, a private visit to St Joseph’s Cathedral and a historic Holy Mass at Zayed Sports City Stadium, an event attended by 150,000 people.

Health problems

The Pope struggled with breathing difficulties in the days before his admission to hospital, and had to ask aides several times to read speeches on his behalf.

Pope Francis had part of one of his lungs removed as a young man and has been particularly susceptible to respiratory infections. In 2023 he spent three nights in hospital with bronchitis and later that year he cancelled a trip to Dubai for the Cop28 climate summit because of ill health.

By centuries-old tradition, a new pope will be elected by the church's College of Cardinals at a Vatican conclave, with white smoke rising from the chimney when a successor has been chosen. In recent cases it has typically taken a matter of weeks to elect a new pope, although in centuries gone by it sometimes took months or even years.

Squid Game season two

Director: Hwang Dong-hyuk 

Stars:  Lee Jung-jae, Wi Ha-joon and Lee Byung-hun

Rating: 4.5/5

EA Sports FC 25
MATCH INFO

Uefa Champions League, Group C
Liverpool v Red Star Belgrade
Anfield, Liverpool
Wednesday, 11pm (UAE)

Reading List

Practitioners of mindful eating recommend the following books to get you started:

Savor: Mindful Eating, Mindful Life by Thich Nhat Hanh and Dr Lilian Cheung

How to Eat by Thich Nhat Hanh

The Mindful Diet by Dr Ruth Wolever

Mindful Eating by Dr Jan Bays

How to Raise a Mindful Eaterby Maryann Jacobsen

Results

5pm: Maiden (PA) Dh80,000 (Turf) 1,000mm, Winners: Mumayaza, Fabrice Veron (jockey), Eric Lemartinel (trainer)

5.30pm: Wathba Stallions Cup Handicap (PA) Dh70,000 (T) 2,200m, Winners: Sharkh, Pat Cosgrave, Helal Al Alawi

6pm: The President’s Cup Prep - Conditions (PA) Dh100,000 (T) 2,200m, Winner: Somoud, Richard Mullen, Jean de Roualle

6.30pm: Handicap (PA) Dh90,000 (T) 1,600m, Winner: Harrab, Ryan Curatolo, Jean de Roualle

7pm: Abu Dhabi Equestrian Gold Cup - Prestige (PA) Dh125,000 (T) 1,600m, Winner: Hameem, Adrie de Vries, Abdallah Al Hammadi

7.30pm: Al Ruwais – Group 3 (PA) Dh300,000 (T) 1,200m, Winner: AF Alwajel, Tadhg O’Shea, Ernst Oertel

8pm: Maiden (TB) Dh80,000 (T) 1,400m, Winner: Nibras Passion, Bernardo Pinheiro, Ismail Mohammed

The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
UAE’s revised Cricket World Cup League Two schedule

August, 2021: Host - United States; Teams - UAE, United States and Scotland

Between September and November, 2021 (dates TBC): Host - Namibia; Teams - Namibia, Oman, UAE

December, 2021: Host - UAE; Teams - UAE, Namibia, Oman

February, 2022: Hosts - Nepal; Teams - UAE, Nepal, PNG

June, 2022: Hosts - Scotland; Teams - UAE, United States, Scotland

September, 2022: Hosts - PNG; Teams - UAE, PNG, Nepal

February, 2023: Hosts - UAE; Teams - UAE, PNG, Nepal

TOURNAMENT INFO

Women’s World Twenty20 Qualifier

Jul 3- 14, in the Netherlands
The top two teams will qualify to play at the World T20 in the West Indies in November

UAE squad
Humaira Tasneem (captain), Chamani Seneviratne, Subha Srinivasan, Neha Sharma, Kavisha Kumari, Judit Cleetus, Chaya Mughal, Roopa Nagraj, Heena Hotchandani, Namita D’Souza, Ishani Senevirathne, Esha Oza, Nisha Ali, Udeni Kuruppuarachchi

Dunki
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Rajkumar%20Hirani%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Shah%20Rukh%20Khan%2C%20Taapsee%20Pannu%2C%20Vikram%20Kochhar%20and%20Anil%20Grover%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
Yahya Al Ghassani's bio

Date of birth: April 18, 1998

Playing position: Winger

Clubs: 2015-2017 – Al Ahli Dubai; March-June 2018 – Paris FC; August – Al Wahda

RACE SCHEDULE

All times UAE ( 4 GMT)

Friday, September 29
First practice: 7am - 8.30am
Second practice: 11am - 12.30pm

Saturday, September 30
Qualifying: 1pm - 2pm

Sunday, October 1
Race: 11am - 1pm

Scores in brief:

Day 1

New Zealand (1st innings) 153 all out (66.3 overs) - Williamson 63, Nicholls 28, Yasir 3-54, Haris 2-11, Abbas 2-13, Hasan 2-38

Pakistan (1st innings) 59-2 (23 overs)

The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

Left Bank: Art, Passion and Rebirth of Paris 1940-1950

Agnes Poirer, Bloomsbury

Company%20profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Fasset%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2019%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Mohammad%20Raafi%20Hossain%2C%20Daniel%20Ahmed%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%3C%2Fstrong%3E%20%242.45%20million%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2086%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Pre-series%20B%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Investcorp%2C%20Liberty%20City%20Ventures%2C%20Fatima%20Gobi%20Ventures%2C%20Primal%20Capital%2C%20Wealthwell%20Ventures%2C%20FHS%20Capital%2C%20VN2%20Capital%2C%20local%20family%20offices%3C%2Fp%3E%0A
IF YOU GO

The flights

FlyDubai flies direct from Dubai to Skopje in five hours from Dh1,314 return including taxes. Hourly buses from Skopje to Ohrid take three hours.

The tours

English-speaking guided tours of Ohrid town and the surrounding area are organised by Cultura 365; these cost €90 (Dh386) for a one-day trip including driver and guide and €100 a day (Dh429) for two people. 

The hotels

Villa St Sofija in the old town of Ohrid, twin room from $54 (Dh198) a night.

St Naum Monastery, on the lake 30km south of Ohrid town, has updated its pilgrims' quarters into a modern 3-star hotel, with rooms overlooking the monastery courtyard and lake. Double room from $60 (Dh 220) a night.

 

The specs

Engine 60kwh FWD

Battery Rimac 120kwh Lithium Nickel Manganese Cobalt Oxide (LiNiMnCoO2) chemistry

Power 204hp Torque 360Nm

Price, base / as tested Dh174,500 

At a glance

Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.

 

Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year

 

Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month

 

Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30 

 

Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse

 

Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth

 

Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances

Scorecard

Scotland 220

K Coetzer 95, J Siddique 3-49, R Mustafa 3-35

UAE 224-3 in 43,5 overs

C Suri 67, B Hameed 63 not out

Lexus LX700h specs

Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

Torque: 790Nm from 2,000-3,600rpm

Transmission: 10-speed auto

Fuel consumption: 11.7L/100km

On sale: Now

Price: From Dh590,000

RACE CARD

6.30pm: Madjani Stakes Group 2 (PA) Dh97,500 (Dirt) 1,900m
7.05pm: Maiden (TB) Dh82,500 (D) 1,400m
7.40pm: Maiden (TB) Dh82,500 (D) 1,600m
8.15pm: Handicap (TB) Dh87,500 (D) 2,200m
8.50pm: Dubai Creek Mile Listed (TB) Dh132,500 (D) 1,600m
9.25pm: Conditions (TB) Dh120,000 (D) 1,900m
10pm: Handicap (TB) Dh92,500 (D) 1,400m

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

Company%20profile
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EPurpl%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECo-founders%3A%20%3C%2Fstrong%3EKarl%20Naim%2C%20Wissam%20Ghorra%2C%20Jean-Marie%20Khoueir%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EHub71%20in%20Abu%20Dhabi%20and%20Beirut%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2021%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ENumber%20of%20employees%3A%20%3C%2Fstrong%3E12%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3E%242%20million%26nbsp%3B%3C%2Fp%3E%0A
How will Gen Alpha invest?

Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.

“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.

Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.

He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.

Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”

Abu Dhabi GP schedule

Friday: First practice - 1pm; Second practice - 5pm

Saturday: Final practice - 2pm; Qualifying - 5pm

Sunday: Etihad Airways Abu Dhabi Grand Prix (55 laps) - 5.10pm

TO A LAND UNKNOWN

Director: Mahdi Fleifel

Starring: Mahmoud Bakri, Aram Sabbah, Mohammad Alsurafa

Rating: 4.5/5

WITHIN%20SAND
%3Cp%3EDirector%3A%20Moe%20Alatawi%3C%2Fp%3E%0A%3Cp%3EStarring%3A%20Ra%E2%80%99ed%20Alshammari%2C%20Adwa%20Fahd%2C%20Muhand%20Alsaleh%3C%2Fp%3E%0A%3Cp%3ERating%3A%203%2F5%3C%2Fp%3E%0A
Mountain%20Boy
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Zainab%20Shaheen%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Naser%20Al%20Messabi%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3C%2Fstrong%3E%3A%203%2F5%3C%2Fp%3E%0A
UAE SQUAD

 

Goalkeepers: Ali Khaseif, Fahad Al Dhanhani, Mohammed Al Shamsi, Adel Al Hosani

Defenders: Bandar Al Ahbabi, Shaheen Abdulrahman, Walid Abbas, Mahmoud Khamis, Mohammed Barghash, Khalifa Al Hammadi, Hassan Al Mahrami, Yousef Jaber, Mohammed Al Attas

Midfielders: Ali Salmeen, Abdullah Ramadan, Abdullah Al Naqbi, Majed Hassan, Abdullah Hamad, Khalfan Mubarak, Khalil Al Hammadi, Tahnoun Al Zaabi, Harib Abdallah, Mohammed Jumah

Forwards: Fabio De Lima, Caio Canedo, Ali Saleh, Ali Mabkhout, Sebastian Tagliabue

How to help

Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
2252 – Dh 50
6025 – Dh20
6027 – Dh 100
6026 – Dh 200

Earth under attack: Cosmic impacts throughout history

4.5 billion years ago: Mars-sized object smashes into the newly-formed Earth, creating debris that coalesces to form the Moon

- 66 million years ago: 10km-wide asteroid crashes into the Gulf of Mexico, wiping out over 70 per cent of living species – including the dinosaurs.

50,000 years ago: 50m-wide iron meteor crashes in Arizona with the violence of 10 megatonne hydrogen bomb, creating the famous 1.2km-wide Barringer Crater

1490: Meteor storm over Shansi Province, north-east China when large stones “fell like rain”, reportedly leading to thousands of deaths.  

1908: 100-metre meteor from the Taurid Complex explodes near the Tunguska river in Siberia with the force of 1,000 Hiroshima-type bombs, devastating 2,000 square kilometres of forest.

1998: Comet Shoemaker-Levy 9 breaks apart and crashes into Jupiter in series of impacts that would have annihilated life on Earth.

-2013: 10,000-tonne meteor burns up over the southern Urals region of Russia, releasing a pressure blast and flash that left over 1600 people injured.

Tottenham's 10 biggest transfers (according to transfermarkt.com):

1). Moussa Sissokho - Newcastle United - £30 million (Dh143m): Flop

2). Roberto Soldado - Valencia -  £25m: Flop

3). Erik Lamela - Roma -  £25m: Jury still out

4). Son Heung-min - Bayer Leverkusen -  £25m: Success

5). Darren Bent - Charlton Athletic -  £21m: Flop

6). Vincent Janssen - AZ Alkmaar -  £18m: Flop

7). David Bentley - Blackburn Rovers -  £18m: Flop

8). Luka Modric - Dynamo Zagreb -  £17m: Success

9). Paulinho - Corinthians -  £16m: Flop

10). Mousa Dembele - Fulham -  £16m: Success

Funk Wav Bounces Vol.1
Calvin Harris
Columbia

Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

Mina Cup winners

Under 12 – Minerva Academy

Under 14 – Unam Pumas

Under 16 – Fursan Hispania

Under 18 – Madenat

Diriyah%20project%20at%20a%20glance
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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.”

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

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Analysis

Members of Syria's Alawite minority community face threat in their heartland after one of the deadliest days in country’s recent history. Read more

 

 

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The BIO

Favourite piece of music: Verdi’s Requiem. It’s awe-inspiring.

Biggest inspiration: My father, as I grew up in a house where music was constantly played on a wind-up gramophone. I had amazing music teachers in primary and secondary school who inspired me to take my music further. They encouraged me to take up music as a profession and I follow in their footsteps, encouraging others to do the same.

Favourite book: Ian McEwan’s Atonement – the ending alone knocked me for six.

Favourite holiday destination: Italy - music and opera is so much part of the life there. I love it.

Citadel: Honey Bunny first episode

Directors: Raj & DK

Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon

Rating: 4/5

Cry Macho

Director: Clint Eastwood

Stars: Clint Eastwood, Dwight Yoakam

Rating:**

MATCH INFO

AC Milan v Inter, Sunday, 6pm (UAE), match live on BeIN Sports

Updated: April 22, 2025, 5:56 AM