• Relatives and friends mourn Saif Abu Taha, a worker with World Central Kitchen who was killed when Israeli strikes hit the NGO's vehicles in Gaza, during his funeral in Rafah. AFP
    Relatives and friends mourn Saif Abu Taha, a worker with World Central Kitchen who was killed when Israeli strikes hit the NGO's vehicles in Gaza, during his funeral in Rafah. AFP
  • The wreckage of a car used by aid group World Central Kitchen that was hit by an Israeli strike in Deir Al Balah, central Gaza. AFP
    The wreckage of a car used by aid group World Central Kitchen that was hit by an Israeli strike in Deir Al Balah, central Gaza. AFP
  • World Central Kitchen workers gather around the bodies of their colleagues after they were transferred to Al Najjar Hospital in Rafah, southern Gaza. EPA
    World Central Kitchen workers gather around the bodies of their colleagues after they were transferred to Al Najjar Hospital in Rafah, southern Gaza. EPA
  • United Nations staff members inspect one of the World Central Kitchen vehicles hit by the deadly Israeli strike. AFP
    United Nations staff members inspect one of the World Central Kitchen vehicles hit by the deadly Israeli strike. AFP
  • SENSITIVE MATERIAL. THIS IMAGE MAY OFFEND OR DISTURB Palestinians carry the body of a foreign employee from the World Central Kitchen (WCK), who was killed with other fellow workers in an Israeli airstrike, according to the NGO as the Israeli military said it was conducting a thorough review at the highest levels to understand the circumstances of this "tragic" incident, amid the ongoing conflict between Israel and Hamas, at a hospital in Deir Al-Balah, in the central Gaza, Strip April 2, 2024. REUTERS / Ramadan Abed
    SENSITIVE MATERIAL. THIS IMAGE MAY OFFEND OR DISTURB Palestinians carry the body of a foreign employee from the World Central Kitchen (WCK), who was killed with other fellow workers in an Israeli airstrike, according to the NGO as the Israeli military said it was conducting a thorough review at the highest levels to understand the circumstances of this "tragic" incident, amid the ongoing conflict between Israel and Hamas, at a hospital in Deir Al-Balah, in the central Gaza, Strip April 2, 2024. REUTERS / Ramadan Abed
  • The team was killed while travelling through a deconflicted zone in armoured vehicles branded with the WCK logo. EPA
    The team was killed while travelling through a deconflicted zone in armoured vehicles branded with the WCK logo. EPA
  • The group's car was hit after leaving a warehouse in Deir Al Balah, despite co-ordinating its movements with the Israeli military. EPA
    The group's car was hit after leaving a warehouse in Deir Al Balah, despite co-ordinating its movements with the Israeli military. EPA
  • The Israeli military said it was conducting a thorough review at the highest levels to understand the circumstances of this 'tragic' incident. Reuters
    The Israeli military said it was conducting a thorough review at the highest levels to understand the circumstances of this 'tragic' incident. Reuters
  • Clothes of members of the NGO are seen inside their destroyed car on Al Rashid road in the Gaza Strip. EPA
    Clothes of members of the NGO are seen inside their destroyed car on Al Rashid road in the Gaza Strip. EPA
  • Australian Lalzawmi Frankcom, left, was among the WCK employees killed in the strike. Reuters
    Australian Lalzawmi Frankcom, left, was among the WCK employees killed in the strike. Reuters
  • The uniform of a woman WCK employee who was killed in Israeli air strike in Deir Al Balah. EPA
    The uniform of a woman WCK employee who was killed in Israeli air strike in Deir Al Balah. EPA
  • Employees of World Central Kitchen mourn after their colleagues were killed in the Israeli air strike. Reuters
    Employees of World Central Kitchen mourn after their colleagues were killed in the Israeli air strike. Reuters
  • A man displays blood-stained British, Polish, and Australian passports after the Israeli air strike that killed WCK workers, including foreigners, in Deir Al Balah. AP
    A man displays blood-stained British, Polish, and Australian passports after the Israeli air strike that killed WCK workers, including foreigners, in Deir Al Balah. AP
  • A World Central Kitchen barge loaded with food arrives off the Gaza coast, where there is risk of famine after five months of Israel's military campaign. Reuters
    A World Central Kitchen barge loaded with food arrives off the Gaza coast, where there is risk of famine after five months of Israel's military campaign. Reuters

Aid to Gaza threatened after Israeli strike forces World Central Kitchen to pause work


  • English
  • Arabic

Live updates: Follow the latest on Israel-Gaza

Desperately needed food aid delivery to the besieged Gaza enclave is under threat after an Israeli air strike on Deir Al Balah killed seven World Central Kitchen aid workers, forcing the non-profit and at least one other NGO supplying food assistance in Gaza, to pause its operations.

World Central Kitchen said it was pausing operations “immediately in the region” and that they would be making a decision about any future work in due course.

American Near East Refugee Aid on Tuesday announced that it would suspend its operations in Gaza after the strike on the World Central Kitchen aid convoy.

“As it stands, currently delivering aid puts not just humanitarian workers at risk but also those who are receiving the aid,” it said.

“Our team in Gaza has determined that at this point the risk of actively delivering aid is far too great.” Anera focuses on delivering humanitarian relief items, including food.

Anera said the pause would continue while staff “feel unsafe doing their work” and placed responsibility on Israel “to ensure the safety of humanitarian aid workers”.

Cyprus said on Tuesday afternoon that ships that had arrived in Gaza were turning back with 240 tonnes of undelivered aid.

Cypriot Foreign Ministry spokesman Theodoros Gotsis said that about 100 tonnes of aid had been unloaded before World Central Kitchen suspended operations after its workers were killed.

Sources confirmed to The National that the second aid boat has been sent back.

Israel said it was conducting a thorough investigation into the air strike. Israel's Prime Minister Benjamin Netanyahu said on Tuesday that forces “unintentionally” killed aid workers in Gaza.

“Unfortunately, in the past day there was a tragic event in which our forces unintentionally harmed non-combatants in the Gaza Strip,” Mr Netanyahu said on X.

“This happens in war. We are conducting a thorough inquiry and are in contact with the governments. We will do everything to prevent a recurrence.

The WCK team was killed while travelling through a deconflicted zone in armoured vehicles branded with their logo.

The seven victims were from Australia, Poland, the UK and Palestine, as well as a dual citizen from the US and Canada.

This is not only an attack against WCK, this is an attack on humanitarian organisations showing up in the most dire of situations where food is being used as a weapon of war. This is unforgivable
Erin Gore,
World Central Kitchen chief executive

The group was hit while leaving a warehouse in Deir Al Balah despite co-ordinating its movements with the Israeli military, the organisation said.

The convoy was struck by three separate missiles fired one after the other, according to Israeli outlet Haaretz.

“This is not only an attack against WCK, this is an attack on humanitarian organisations showing up in the most dire of situations where food is being used as a weapon of war. This is unforgivable,” said chief executive Erin Gore.

The organisation posted an image and statement mourning the aid workers lost in the strike.

World Central Kitchen named the "heroes" as: Relief team members Palestinian Saifeddin Issam Ayad Abutaha, Australian Lalzawmi "Zomi" Frankcom, Damian Sobol of Poland, US-Canada dual citizen Jacob Flickinger, and security team members John Chapman, James Henderson and Jams Kirby, all of the UK.

Cyprus vowed on Tuesday to maintain its Gaza maritime aid corridor despite the attack.

“The tragic events should not discourage us. We must double down on our efforts to provide more assistance as the needs dramatically escalate”, said Cypriot President Nikos Christodoulides at an aid co-ordination centre in the port city of Larnaca.

Government spokesman Konstantinos Letymbiotis said that the deadly strike would not affect the initiative, but that “re-co-ordination will need to take place” due to security concerns.

The UAE and Cyprus have expressed their “profound condemnation” of the strike. The two countries denounced all acts of violence against humanitarian workers and reiterated that strikes against aid staff are a breach of international law. Through the Amalthea Initiative, the countries aim to provide urgent humanitarian aid and supplies to Gazans.

The British Foreign Minister confirmed that it had summoned the Israeli ambassador over the deaths of aid workers in Gaza.

“I set out the Government's unequivocal condemnation of the appalling killing of seven World Central Kitchen aid workers, including three British Nationals,” Britain's Minister for Development and Africa, Andrew Mitchell, said.

“I requested a quick and transparent investigation, shared with the international community, and full accountability.”

US Secretary of State Antony Blinken said Washington had told Israel to conduct a “thorough and impartial” investigation into the deadly strike.

“We’ve spoken directly to the Israeli Government about this particular incident,” Mr Blinken said during a visit to France.

“We've arranged a swift and thorough and impartial investigation to understand exactly what happened. We've pressed upon the Israelis the absolute imperative of doing more to protect innocent civilian lives”.

US President Joe Biden called World Central Kitchen founder and celebrity chef Jose Andres after the deadly strike, White House spokeswoman Karine Jean-Pierre said.

“He called the chef Jose Andres to express that he's heart-broken by this news of the air strike that killed seven aid workers and to express his deepest condolences,” she said.

“President Biden conveyed his grieving with the entire World Central Kitchen family.”

Ms Jean-Pierre also said that Mr Biden “will make clear to Israel that humanitarian aid workers must be protected”.

France's Foreign Minister Stephane Sejourne “strongly condemned” the incident.

“Protecting humanitarian workers is a moral and legal imperative that everyone must adhere to,” Mr Sejourne said at a press conference, alongside Mr Blinken. “Nothing justifies such a tragedy.”

Bloodied passports were seen on the bodies of those killed, wearing WCK-branded vests, in footage posted to social media on Monday night.

The organisation said bodies were retrieved by the Palestinian Red Crescent after a “challenging operation spanning several hours”.

All seven are now being taken to the Rafah border crossing.

A funeral was held on Tuesday for Issam Abu Taha, a Palestinian employee of World Central Kitchen.

Australia's Prime Minister Anthony Albanese confirmed Australian citizen Lalzawmi Franckom was among the dead.

“This is completely unacceptable. Australia expects full accountability for the deaths of aid workers,” Mr Albanese said, before offering his “sincere condolences” to her family.

Poland also confirmed one of its citizens, who has not been publicly identified, was killed in the attack.

“Poland objects to the disregard for international humanitarian law and the protection of civilians, including humanitarian workers,” the country's Foreign Ministry said on X.

The UK said it is “urgently seeking further information” on the British citizen killed in the strike.

“We haven't had it confirmed yet, but we are very, very concerned by the situation,” Education Secretary Gillian Keegan told the BBC.

“One of the key things is trying to ensure we get more aid into Gaza, so if one of the charities working on the ground has suspended [operations], then that's obviously deeply concerning.”

British Foreign Minister David Cameron on Tuesday said the death of aid workers, including at least one British citizen, was “deeply distressing” and called on Israel to investigate and provide an explanation.

“British Nationals are reported to have been killed, we are urgently working to verify this information and will provide full support to their families,” Lord Cameron said on X.

The UAE's Ministry of Foreign Affairs on Tuesday said it held Israel “fully responsible for this dangerous development” and demanded an “urgent, independent and transparent investigation into what happened”.

In a statement, the ministry offered its condolences to the victims’ families and their countries and stressed the need to immediately stop violence and avoid targeting civilians, while demanding not to use food as a weapon.

Jordan's King Abdullah has also sent his condolences to WCK over the “tragic deaths”.

“We thank you for your sacrifice and humanity,” he said on X.

Videos shared on social media by WCK showed how victims of the strike had worked at a kitchen in Deir Al Balah last week, preparing thousands of meals for locals.

The non-profit group said the space was being expanded to provide for more families in central Gaza.

WCK is one of two charities organising humanitarian aid to Gaza through a maritime corridor as famine spreads across the enclave.

It worked with Open Arms to send the first aid ship from Cyprus last month.

The team had delivered 100 tonnes of food aid brought through the corridor shortly before their convoy was hit, the NGO said.

The pause in operations comes shortly after the UN warned famine is imminent in Gaza, where more than 32,800 people have been killed since October.

At least 30 people, mostly children, have died of starvation in recent weeks, Gaza's health authorities said.

The Cypriot Foreign Ministry has called for a “swift and conclusive” investigation into the strike, saying international humanitarian law is “absolute”.

“Humanitarian aid workers must always be respected and protected,” it said.

Additional reporting from Gillian Duncan in London

Dhadak

Director: Shashank Khaitan

Starring: Janhvi Kapoor, Ishaan Khattar, Ashutosh Rana

Stars: 3

GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

World record transfers

1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m

Race card

5pm: Maiden (PA) Dh80,000 (Turf) 1,600m
5.30pm: Handicap (PA) Dh80,000 (T) 1,600m
6pm: Arabian Triple Crown Round-1 Listed (PA) Dh230,000 (T) 1,600m
6.30pm: Wathba Stallions Cup Handicap (PA) Dh70,000 (T) 1,400m
7pm: Maiden (PA) Dh80,000 (T) 1,200m
7.30pm: Handicap (TB) Dh100,000 (T) 2,400m

Citadel: Honey Bunny first episode

Directors: Raj & DK

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

Rating: 4/5

Top investing tips for UAE residents in 2021

Build an emergency fund: Make sure you have enough cash to cover six months of expenses as a buffer against unexpected problems before you begin investing, advises Steve Cronin, the founder of DeadSimpleSaving.com.

Think long-term: When you invest, you need to have a long-term mindset, so don’t worry about momentary ups and downs in the stock market.

Invest worldwide: Diversify your investments globally, ideally by way of a global stock index fund.

Is your money tied up: Avoid anything where you cannot get your money back in full within a month at any time without any penalty.

Skip past the promises: “If an investment product is offering more than 10 per cent return per year, it is either extremely risky or a scam,” Mr Cronin says.

Choose plans with low fees: Make sure that any funds you buy do not charge more than 1 per cent in fees, Mr Cronin says. “If you invest by yourself, you can easily stay below this figure.” Managed funds and commissionable investments often come with higher fees.

Be sceptical about recommendations: If someone suggests an investment to you, ask if they stand to gain, advises Mr Cronin. “If they are receiving commission, they are unlikely to recommend an investment that’s best for you.”

Get financially independent: Mr Cronin advises UAE residents to pursue financial independence. Start with a Google search and improve your knowledge via expat investing websites or Facebook groups such as SimplyFI. 

Non-oil%20trade
%3Cp%3ENon-oil%20trade%20between%20the%20UAE%20and%20Japan%20grew%20by%2034%20per%20cent%20over%20the%20past%20two%20years%2C%20according%20to%20data%20from%20the%20Federal%20Competitiveness%20and%20Statistics%20Centre.%C2%A0%3C%2Fp%3E%0A%3Cp%3EIn%2010%20years%2C%20it%20has%20reached%20a%20total%20of%20Dh524.4%20billion.%C2%A0%3C%2Fp%3E%0A%3Cp%3ECars%20topped%20the%20list%20of%20the%20top%20five%20commodities%20re-exported%20to%20Japan%20in%202022%2C%20with%20a%20value%20of%20Dh1.3%20billion.%C2%A0%3C%2Fp%3E%0A%3Cp%3EJewellery%20and%20ornaments%20amounted%20to%20Dh150%20million%20while%20precious%20metal%20scraps%20amounted%20to%20Dh105%20million.%C2%A0%3C%2Fp%3E%0A%3Cp%3ERaw%20aluminium%20was%20ranked%20first%20among%20the%20top%20five%20commodities%20exported%20to%20Japan.%C2%A0%3C%2Fp%3E%0A%3Cp%3ETop%20of%20the%20list%20of%20commodities%20imported%20from%20Japan%20in%202022%20was%20cars%2C%20with%20a%20value%20of%20Dh20.08%20billion.%3C%2Fp%3E%0A
Common OCD symptoms and how they manifest

Checking: the obsession or thoughts focus on some harm coming from things not being as they should, which usually centre around the theme of safety. For example, the obsession is “the building will burn down”, therefore the compulsion is checking that the oven is switched off.

Contamination: the obsession is focused on the presence of germs, dirt or harmful bacteria and how this will impact the person and/or their loved ones. For example, the obsession is “the floor is dirty; me and my family will get sick and die”, the compulsion is repetitive cleaning.

Orderliness: the obsession is a fear of sitting with uncomfortable feelings, or to prevent harm coming to oneself or others. Objectively there appears to be no logical link between the obsession and compulsion. For example,” I won’t feel right if the jars aren’t lined up” or “harm will come to my family if I don’t line up all the jars”, so the compulsion is therefore lining up the jars.

Intrusive thoughts: the intrusive thought is usually highly distressing and repetitive. Common examples may include thoughts of perpetrating violence towards others, harming others, or questions over one’s character or deeds, usually in conflict with the person’s true values. An example would be: “I think I might hurt my family”, which in turn leads to the compulsion of avoiding social gatherings.

Hoarding: the intrusive thought is the overvaluing of objects or possessions, while the compulsion is stashing or hoarding these items and refusing to let them go. For example, “this newspaper may come in useful one day”, therefore, the compulsion is hoarding newspapers instead of discarding them the next day.

Source: Dr Robert Chandler, clinical psychologist at Lighthouse Arabia

Uefa Nations League

League A:
Germany, Portugal, Belgium, Spain, France, England, Switzerland, Italy, Poland, Iceland, Croatia, Netherlands

League B:
Austria, Wales, Russia, Slovakia, Sweden, Ukraine, Republic of Ireland, Bosnia-Herzegovina, Northern Ireland, Denmark, Czech Republic, Turkey

League C:
Hungary, Romania, Scotland, Slovenia, Greece, Serbia, Albania, Norway, Montenegro, Israel, Bulgaria, Finland, Cyprus, Estonia, Lithuania

League D:
Azerbaijan, Macedonia, Belarus, Georgia, Armenia, Latvia, Faroe Islands, Luxembourg, Kazakhstan, Moldova, Liechtenstein, Malta, Andorra, Kosovo, San Marino, Gibraltar

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
THE BIO:

Favourite holiday destination: Thailand. I go every year and I’m obsessed with the fitness camps there.

Favourite book: Born to Run by Christopher McDougall. It’s an amazing story about barefoot running.

Favourite film: A League of their Own. I used to love watching it in my granny’s house when I was seven.

Personal motto: Believe it and you can achieve it.

Last 10 NBA champions

2017: Golden State bt Cleveland 4-1
2016: Cleveland bt Golden State 4-3
2015: Golden State bt Cleveland 4-2
2014: San Antonio bt Miami 4-1
2013: Miami bt San Antonio 4-3
2012: Miami bt Oklahoma City 4-1
2011: Dallas bt Miami 4-2
2010: Los Angeles Lakers bt Boston 4-3
2009: Los Angeles Lakers bt Orlando 4-1
2008: Boston bt Los Angeles Lakers 4-2

Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

Everton%20Fixtures
%3Cp%3EApril%2015%20-%20Chelsea%20(A)%3Cbr%3EApril%2021%20-%20N.%20Forest%20(H)%3Cbr%3EApril%2024%20-%20Liverpool%20(H)%3Cbr%3EApril%2027%20-%20Brentford%20(H)%3Cbr%3EMay%203%20-%20Luton%20Town%20(A)%3Cbr%3EMay%2011%20-%20Sheff%20Utd%20(H)%3Cbr%3EMay%2019%20-%20Arsenal%20(A)%3C%2Fp%3E%0A
The Bloomberg Billionaire Index in full

1 Jeff Bezos $140 billion
2 Bill Gates $98.3 billion
3 Bernard Arnault $83.1 billion
4 Warren Buffett $83 billion
5 Amancio Ortega $67.9 billion
6 Mark Zuckerberg $67.3 billion
7 Larry Page $56.8 billion
8 Larry Ellison $56.1 billion
9 Sergey Brin $55.2 billion
10 Carlos Slim $55.2 billion

SPECS
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%201.5-litre%204-cylinder%3Cbr%3E%3Cstrong%3EPower%3A%3C%2Fstrong%3E%20101hp%3Cbr%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20135Nm%3Cbr%3E%3Cstrong%3ETransmission%3C%2Fstrong%3E%3A%20Six-speed%20auto%3Cbr%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20From%20Dh79%2C900%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20Now%3C%2Fp%3E%0A
SPECS
%3Cp%3E%3Cstrong%3EEngine%3C%2Fstrong%3E%3A%202-litre%20direct%20injection%20turbo%20%0D%3Cbr%3E%3Cstrong%3ETransmission%3C%2Fstrong%3E%3A%207-speed%20automatic%20%0D%3Cbr%3E%3Cstrong%3EPower%3C%2Fstrong%3E%3A%20261hp%20%0D%3Cbr%3E%3Cstrong%3ETorque%3C%2Fstrong%3E%3A%20400Nm%20%0D%3Cbr%3E%3Cstrong%3EPrice%3C%2Fstrong%3E%3A%20From%20Dh134%2C999%26nbsp%3B%3C%2Fp%3E%0A
RESULTS

Time; race; prize; distance

4pm: Maiden; (D) Dh150,000; 1,200m
Winner: General Line, Xavier Ziani (jockey), Omar Daraj (trainer)

4.35pm: Maiden (T); Dh150,000; 1,600m
Winner: Travis County, Adrie de Vries, Ismail Mohammed

5.10pm: Handicap (D); Dh175,000; 1,200m
Winner: Scrutineer, Tadhg O’Shea, Ali Rashid Al Raihe

5.45pm: Maiden (D); Dh150,000; 1,600m
Winner: Yulong Warrior, Richard Mullen, Satish Seemar

6.20pm: Maiden (D); Dh150,000; 1,600m
Winner: Ejaaby, Jim Crowley, Doug Watson

6.55pm: Handicap (D); Dh160,000; 1,600m
Winner: Storyboard, Richard Mullen, Satish Seemar

7.30pm: Handicap (D); Dh150,000; 2,200m
Winner: Grand Dauphin, Gerald Mosse, Ahmed Al Shemaili

8.05pm: Handicap (T); Dh190,000; 1,800m
Winner: Good Trip, Tadhg O’Shea, Ali Rashid Al Raihe

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20OneOrder%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20March%202022%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Tamer%20Amer%20and%20Karim%20Maurice%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Cairo%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%20%3C%2Fstrong%3E82%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Series%20A%3C%2Fp%3E%0A

The Dictionary of Animal Languages
Heidi Sopinka
​​​​​​​Scribe

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.”

Crime%20Wave
%3Cp%3EHeavyweight%20boxer%20Fury%20revealed%20on%20Sunday%20his%20cousin%20had%20been%20%E2%80%9Cstabbed%20in%20the%20neck%E2%80%9D%20and%20called%20on%20the%20courts%20to%20address%20the%20wave%20of%20more%20sentencing%20of%20offenders.%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3ERico%20Burton%2C%2031%2C%20was%20found%20with%20stab%20wounds%20at%20around%203am%20on%20Sunday%20in%20Goose%20Green%2C%20Altrincham%20and%20subsequently%20died%20of%20his%20injuries.%3C%2Fp%3E%0A%3Cp%3E%26nbsp%3B%E2%80%9CMy%20cousin%20was%20murdered%20last%20night%2C%20stabbed%20in%20the%20neck%20this%20is%20becoming%20ridiculous%20%E2%80%A6%20idiots%20carry%20knives.%20This%20needs%20to%20stop%2C%E2%80%9D%0D%20Fury%20said.%20%E2%80%9CAsap%2C%20UK%20government%20needs%20to%20bring%20higher%20sentencing%20for%20knife%20crime%2C%20it%E2%80%99s%20a%20pandemic%20%26amp%3B%20you%20don%E2%80%99t%20know%20how%20bad%20it%20is%20until%20%5Bit%E2%80%99s%5D%201%20of%20your%20own!%3C%2Fp%3E%0A
You may remember …

Robbie Keane (Atletico de Kolkata) The Irish striker is, along with his former Spurs teammate Dimitar Berbatov, the headline figure in this season’s ISL, having joined defending champions ATK. His grand entrance after arrival from Major League Soccer in the US will be delayed by three games, though, due to a knee injury.

Dimitar Berbatov (Kerala Blasters) Word has it that Rene Meulensteen, the Kerala manager, plans to deploy his Bulgarian star in central midfield. The idea of Berbatov as an all-action, box-to-box midfielder, might jar with Spurs and Manchester United supporters, who more likely recall an always-languid, often-lazy striker.

Wes Brown (Kerala Blasters) Revived his playing career last season to help out at Blackburn Rovers, where he was also a coach. Since then, the 23-cap England centre back, who is now 38, has been reunited with the former Manchester United assistant coach Meulensteen, after signing for Kerala.

Andre Bikey (Jamshedpur) The Cameroonian defender is onto the 17th club of a career has taken him to Spain, Portugal, Russia, the UK, Greece, and now India. He is still only 32, so there is plenty of time to add to that tally, too. Scored goals against Liverpool and Chelsea during his time with Reading in England.

Emiliano Alfaro (Pune City) The Uruguayan striker has played for Liverpool – the Montevideo one, rather than the better-known side in England – and Lazio in Italy. He was prolific for a season at Al Wasl in the Arabian Gulf League in 2012/13. He returned for one season with Fujairah, whom he left to join Pune.

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

Dubai World Cup nominations

UAE: Thunder Snow/Saeed bin Suroor (trainer), North America/Satish Seemar, Drafted/Doug Watson, New Trails/Ahmad bin Harmash, Capezzano, Gronkowski, Axelrod, all trained by Salem bin Ghadayer

USA: Seeking The Soul/Dallas Stewart, Imperial Hunt/Luis Carvajal Jr, Audible/Todd Pletcher, Roy H/Peter Miller, Yoshida/William Mott, Promises Fulfilled/Dale Romans, Gunnevera/Antonio Sano, XY Jet/Jorge Navarro, Pavel/Doug O’Neill, Switzerland/Steve Asmussen.

Japan: Matera Sky/Hideyuki Mori, KT Brace/Haruki Sugiyama. Bahrain: Nine Below Zero/Fawzi Nass. Ireland: Tato Key/David Marnane. Hong Kong: Fight Hero/Me Tsui. South Korea: Dolkong/Simon Foster.

MATCH INFO

Syria v Australia
2018 World Cup qualifying: Asia fourth round play-off first leg
Venue: Hang Jebat Stadium (Malacca, Malayisa)
Kick-off: Thursday, 4.30pm (UAE)
Watch: beIN Sports HD

* Second leg in Australia scheduled for October 10

The specs

Engine: 4.0-litre V8 twin-turbocharged and three electric motors

Power: Combined output 920hp

Torque: 730Nm at 4,000-7,000rpm

Transmission: 8-speed dual-clutch automatic

Fuel consumption: 11.2L/100km

On sale: Now, deliveries expected later in 2025

Price: expected to start at Dh1,432,000

The specs

  Engine: 2-litre or 3-litre 4Motion all-wheel-drive Power: 250Nm (2-litre); 340 (3-litre) Torque: 450Nm Transmission: 8-speed automatic Starting price: From Dh212,000 On sale: Now

What is the Supreme Petroleum Council?

The Abu Dhabi Supreme Petroleum Council was established in 1988 and is the highest governing body in Abu Dhabi’s oil and gas industry. The council formulates, oversees and executes the emirate’s petroleum-related policies. It also approves the allocation of capital spending across state-owned Adnoc’s upstream, downstream and midstream operations and functions as the company’s board of directors. The SPC’s mandate is also required for auctioning oil and gas concessions in Abu Dhabi and for awarding blocks to international oil companies. The council is chaired by Sheikh Khalifa, the President and Ruler of Abu Dhabi while Sheikh Mohamed bin Zayed, Abu Dhabi’s Crown Prince and Deputy Supreme Commander of the Armed Forces, is the vice chairman.

THREE POSSIBLE REPLACEMENTS

Khalfan Mubarak
The Al Jazira playmaker has for some time been tipped for stardom within UAE football, with Quique Sanchez Flores, his former manager at Al Ahli, once labelling him a “genius”. He was only 17. Now 23, Mubarak has developed into a crafty supplier of chances, evidenced by his seven assists in six league matches this season. Still to display his class at international level, though.

Rayan Yaslam
The Al Ain attacking midfielder has become a regular starter for his club in the past 15 months. Yaslam, 23, is a tidy and intelligent player, technically proficient with an eye for opening up defences. Developed while alongside Abdulrahman in the Al Ain first-team and has progressed well since manager Zoran Mamic’s arrival. However, made his UAE debut only last December.

Ismail Matar
The Al Wahda forward is revered by teammates and a key contributor to the squad. At 35, his best days are behind him, but Matar is incredibly experienced and an example to his colleagues. His ability to cope with tournament football is a concern, though, despite Matar beginning the season well. Not a like-for-like replacement, although the system could be adjusted to suit.

Infobox

Western Region Asia Cup Qualifier, Al Amerat, Oman

The two finalists advance to the next stage of qualifying, in Malaysia in August

Results

UAE beat Iran by 10 wickets

Kuwait beat Saudi Arabia by eight wickets

Oman beat Bahrain by nine wickets

Qatar beat Maldives by 106 runs

Monday fixtures

UAE v Kuwait, Iran v Saudi Arabia, Oman v Qatar, Maldives v Bahrain

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%203S%20Money%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202018%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20London%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Ivan%20Zhiznevsky%2C%20Eugene%20Dugaev%20and%20Andrei%20Dikouchine%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20FinTech%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20%245.6%20million%20raised%20in%20total%3C%2Fp%3E%0A
Updated: April 03, 2024, 8:51 AM