A gas leak at the Nord Stream 2 pipeline, near the island of Bornholm, disrupts the surface of the Baltic Sea after suspected sabotage. AFP
A gas leak at the Nord Stream 2 pipeline, near the island of Bornholm, disrupts the surface of the Baltic Sea after suspected sabotage. AFP
A gas leak at the Nord Stream 2 pipeline, near the island of Bornholm, disrupts the surface of the Baltic Sea after suspected sabotage. AFP
A gas leak at the Nord Stream 2 pipeline, near the island of Bornholm, disrupts the surface of the Baltic Sea after suspected sabotage. AFP

Nord Stream attack suspect arrested in Italy


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Italian police have arrested a Ukrainian man suspected of co-ordinating attacks on the Nord Stream pipelines, Germany's prosecutor general said on Thursday.

The suspect, identified only as Serhii K. under German privacy laws, was allegedly part of a group that planted devices on the pipelines near the German island of Bornholm, prosecutors said.

He will be brought before a German judge after being transferred.

Serhii and his alleged accomplices had set off from Rostock on Germany's northern coast in a sailing yacht to carry out the attack, prosecutors said. The boat had been rented from a German company with the help of forged identity documents via middlemen, they added.

German Justice Minister Stefanie Hubig delivers a press statement in Berlin following the arrest of a Ukrainian man in Italy, suspected of co-ordinating the 2022 Nord Stream pipeline sabotage. Reuters
German Justice Minister Stefanie Hubig delivers a press statement in Berlin following the arrest of a Ukrainian man in Italy, suspected of co-ordinating the 2022 Nord Stream pipeline sabotage. Reuters

Explosives were detonated on September 26, 2022, seven months after Russia's invasion of Ukraine, it is alleged, severely damaging the Nord Stream 1 and 2 pipelines – which carry natural gas from Russia to Germany under the Baltic Sea – taking them out of service and deepening Europe's energy crisis.

Seen by both Russia and the West as an act of sabotage, no one has claimed responsibility for the explosions.

Western powers were initially quick to blame Russia, which in turn accused them.

German investigations then pointed to a Ukrainian cell of five men and one woman believed to have chartered the yacht "Andromeda" to carry out the attack, according to Der Spiegel magazine and other media.

Their aim was to destroy the pipelines to prevent Russia from profiting in future from gas sales to Europe. Nord Stream's pipelines had long been controversial for allowing Russian gas to bypass eastern European transit routes and leaving Germany overly reliant on cheap energy from Moscow.

A satellite image shows gas from the Nord Stream pipeline bubbling up in Baltic Sea on the day of the incident. Reuters
A satellite image shows gas from the Nord Stream pipeline bubbling up in Baltic Sea on the day of the incident. Reuters

Authorities acted on a European arrest warrant for the suspect, who faces charges of collusion to cause an explosion, anti-constitutional sabotage and destruction of buildings.

Carabinieri officers arrested him overnight in the province of Rimini on Italy's Adriatic coast, the German prosecution office said.

German Justice Minister Stefanie Hubig thanked investigators for what she called a "highly complex operation" leading to the arrest.

The mysterious blasts sent methane levels in the Baltic rocketing to 1,000 times higher than normal. The findings released earlier this year, made with an underwater robot known as a glider, revealed that the gas spread far across the Baltic Sea, with the fallout stretching from the Danish coast to the Polish port of Gdansk.

FIGHT%20CARD
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How to increase your savings
  • Have a plan for your savings.
  • Decide on your emergency fund target and once that's achieved, assign your savings to another financial goal such as saving for a house or investing for retirement.
  • Decide on a financial goal that is important to you and put your savings to work for you.
  • It's important to have a purpose for your savings as it helps to keep you motivated to continue while also reducing the temptation to spend your savings. 

- Carol Glynn, founder of Conscious Finance Coaching

 

 

The specs

Engine: 3-litre twin-turbo V6

Power: 400hp

Torque: 475Nm

Transmission: 9-speed automatic

Price: From Dh215,900

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What vitamins do we know are beneficial for living in the UAE

Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.

CONFIRMED%20LINE-UP
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Key findings of Jenkins report
  • Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
  • Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
  • Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
  • Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."

'Skin'

Dir: Guy Nattiv

Starring: Jamie Bell, Danielle McDonald, Bill Camp, Vera Farmiga

Rating: 3.5/5 stars

Game Changer

Director: Shankar 

Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram

Rating: 2/5

Liverpool's all-time goalscorers

Ian Rush 346
Roger Hunt 285
Mohamed Salah 250
Gordon Hodgson 241
Billy Liddell 228

RESULTS

5pm: Maiden (PA) Dh80,000 1,600m
Winner: Omania, Saif Al Balushi (jockey), Ibrahim Al Hadhrami (trainer)
5.30pm: Conditions (PA) Dh85,000 1,600m
Winner: Brehaan, Richard Mullen, Ana Mendez
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Winner: Craving, Connor Beasley, Simon Crisford
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Winner: Rmmas, Tadhg O’Shea, Jean de Roualle
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Winner: Dahess D’Arabie, Connor Beasley, Helal Al Alawi
7.30pm: Handicap (PA) Dh80,000 1,400m
Winner: Fertile De Croate, Sam Hitchcott, Ibrahim Aseel

PROFILE OF SWVL

Started: April 2017

Founders: Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh

Based: Cairo, Egypt

Sector: transport

Size: 450 employees

Investment: approximately $80 million

Investors include: Dubai’s Beco Capital, US’s Endeavor Catalyst, China’s MSA, Egypt’s Sawari Ventures, Sweden’s Vostok New Ventures, Property Finder CEO Michael Lahyani

Silent Hill f

Publisher: Konami

Platforms: PlayStation 5, Xbox Series X/S, PC

Rating: 4.5/5

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

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.”

How to wear a kandura

Dos

  • Wear the right fabric for the right season and occasion 
  • Always ask for the dress code if you don’t know
  • Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work 
  • Wear 100 per cent cotton under the kandura as most fabrics are polyester

Don’ts 

  • Wear hamdania for work, always wear a ghutra and agal 
  • Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
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The Vile

Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah

Director: Majid Al Ansari

Rating: 4/5

Updated: August 22, 2025, 7:41 AM