Sheikh Mansour bin Zayed, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, in Doha with Qatar's Emir Sheikh Tamim; Sultan Haitham of Oman; Saudi Arabia's Crown Prince Mohammed bin Salman; Kuwait's Crown Prince Sheikh Sabah Khaled Al Sabah; Bahrain's Sheikh Abdullah bin Hamad Al Khalifa; and GCC Secretary General Jasem Albudaiwi. Reuters
Sheikh Mansour bin Zayed, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, in Doha with Qatar's Emir Sheikh Tamim; Sultan Haitham of Oman; Saudi Arabia's Crown Prince Mohammed bin Salman; Kuwait's Crown Prince Sheikh Sabah Khaled Al Sabah; Bahrain's Sheikh Abdullah bin Hamad Al Khalifa; and GCC Secretary General Jasem Albudaiwi. Reuters
Sheikh Mansour bin Zayed, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, in Doha with Qatar's Emir Sheikh Tamim; Sultan Haitham of Oman; Saudi Arabia's Crown Prince Mohammed bin Salman; Kuwait's Crown Prince Sheikh Sabah Khaled Al Sabah; Bahrain's Sheikh Abdullah bin Hamad Al Khalifa; and GCC Secretary General Jasem Albudaiwi. Reuters
Sheikh Mansour bin Zayed, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, in Doha with Qatar's Emir Sheikh Tamim; Sultan Haitham of Oman; Saudi Arabia's Crown Prince Moha

Qatar summit condemns Israel's 'aggressive practices' as threat to Middle East peace


Nada AlTaher
  • English
  • Arabic

Middle East leaders rounded on Israel and its threats to peace at an emergency summit on Monday.

Gulf countries are to review their joint defence plans after last week's Israeli strike on Doha plunged the region into uncharted territory. Dozens of Arab and Muslim countries put on a show of solidarity with Qatar at the summit in its capital.

In unusually stark language, they warned a flurry of Israeli aggression, from the attack on Qatar to the Gaza war, bombardments of Lebanon, Syria and Iran and policies of settlement and expansion, were putting hopes of Middle East peace beyond reach.

A joint communique said the world had failed to keep Israel in check as it called for sanctions, suspension of arms sales and “reviewing diplomatic and economic relations” with Israel.

The attack on Qatar "and the continuation of Israeli aggressive practices, including crimes of genocide, ethnic cleansing, starvation, blockade, settlement activities and expansionist policies, undermine any chances of achieving peace in the region", it said.

Qatar called the summit a "message to the world” that the region rejects aggression. Israel's "terrorist government” does not plan to secure the release of hostages and achieve peace in Gaza, said Sheikh Tamim, Emir of Qatar, in a speech to the summit.

A UAE delegation was led by Sheikh Mansour bin Zayed, Vice President, Deputy Prime Minister and Chairman of the Presidential Court. Dignitaries from across the Middle East, Africa and Asia included Saudi Arabia's Crown Prince Mohammed bin Salman and Iranian President Masoud Pezeshkian, who held talks on the sidelines of the summit.

In a statement during the summit, the UAE said Qatar "is not standing alone” after it was attacked by Israel and that "the united voice of Arab and Islamic countries today must lead to change”, the state news agency Wam reported. Israel's strike on Doha killed six people but failed in its aim to eliminate senior Hamas leaders.

The UAE "stressed that this reckless escalation by Israel, accompanied by repeated threats of annexing Palestinian land and aggression against neighbouring states, undermines efforts to achieve lasting peace and regional stability”.

Leaders and dignitaries took turns to condemn Israel's government as it orders the bombardment of neighbouring countries and muses about expanding Israeli territory. Some, including Turkish President Recep Tayyip Erdogan, called for sanctions or prosecutions against the Israeli leadership.

Sheikh Tamim said it was clear that Israel- which was meant to be a participant in Gaza ceasefire talks – was aware of the meeting of Hamas leaders in Doha. He questioned why Israel attacked the people they were in negotiations with. Israel has threatened to carry out more attacks.

"Have you ever heard of such aggression – a state that is party to negotiations yet attacks the venue where negotiations are taking place?” Sheikh Tamim asked. "If Israel wishes to assassinate leaders, why engage in negotiations? If you wish to insist on liberation of hostages, why assassinate all negotiators? How can we host in our country negotiating delegations from Israel when they send drones and planes for an air raid in our country?”

He described Israel's participation in negotiations as part of a "scheme”. The real aim, he said, is to cause Gaza to become unliveable and to continue to kill and displace Palestinians in the besieged enclave.

"Those who work consistently to assassinate the party that's negotiating will certainly do everything to ensure the failure of negotiations,” he said. "When they claim that they seek to liberate the hostages, that is a mere lie.”

Leaders from Arab and Muslim countries have gathered for the emergency Arab-Islamic summit in Doha. EPA
Leaders from Arab and Muslim countries have gathered for the emergency Arab-Islamic summit in Doha. EPA

Israel deals with critics by describing them as "terrorists or anti-Semites,” he said. "Whereas the government of terrorists and extremists in Israel is pursuing a policy of aggression everywhere.”

Sheikh Tamim called for the emergency summit to establish clear steps to deal with the Israeli government.

In his speech, Arab League Secretary General Ahmed Aboul Gheit said the Israeli attack on Qatar's sovereignty breached every humanitarian principle. "Israel's crimes will not be forgotten … and an attack on a country that is mediating a ceasefire will not be forgotten,” Mr Aboul Gheit said in Doha.

Egypt's President Abdel Fattah El Sisi warned that Israel's "uncontrolled and destabilising” behaviour will expand the scope of the conflict in the region. He added that Israel's actions reduced the chance of new peace treaties in the Middle East.

"What is happening right now hinders the future of peace, threatens your security and the security of the peoples in the region and adds obstacles to chances for any new peace agreements and even aborts existing ones,” he said.

Since the Gaza war began in October 2023, Israel has killed more than 64,900 people in the enclave, although the true death toll is suspected to be higher. Nearly the entire population of 2.2 million have been forced to flee fighting at least once and Israel has expanded its incursion into Gaza city, pushing one million people to further displacement.

By blocking aid into Gaza, Israel has been accused of starving the enclave, where a famine has been declared by the UN-supported Integrated Food Security Phase Classification. At least 425 people, including 145 children, have died from hunger-related causes.

Arab-Islamic leaders gather in Doha – in pictures

  • High officials and delegates to the emergency Arab-Islamic leaders' summit to discuss the Israeli attack on Hamas on Qatari territory pose for a group photo in Doha on September 15. Reuters
    High officials and delegates to the emergency Arab-Islamic leaders' summit to discuss the Israeli attack on Hamas on Qatari territory pose for a group photo in Doha on September 15. Reuters
  • Sheikh Tamim, Emir Of Qatar, at the opening of the emergency Arab-Islamic summit to discuss the Israeli attack on Hamas officials on Qatari soil, in Doha. Reuters
    Sheikh Tamim, Emir Of Qatar, at the opening of the emergency Arab-Islamic summit to discuss the Israeli attack on Hamas officials on Qatari soil, in Doha. Reuters
  • Sheikh Mansour bin Zayed, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, at the Arab and Islamic Emergency Summit in Doha. Eissa Al Hammadi / UAE Presidential Court
    Sheikh Mansour bin Zayed, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, at the Arab and Islamic Emergency Summit in Doha. Eissa Al Hammadi / UAE Presidential Court
  • Iraqi Prime Minister Mohammed Shia Al Sudani attends the emergency Arab-Islamic leaders' summit in Doha, Qatar. Reuters
    Iraqi Prime Minister Mohammed Shia Al Sudani attends the emergency Arab-Islamic leaders' summit in Doha, Qatar. Reuters
  • Turkey's President Recep Tayyip Erdogan, seated centre, and Iranian President Masoud Pezeshkian, standing centre, attend the opening of the emergency Arab-Islamic summit to discuss the Israeli attack on Qatar in Doha, Qatar. EPA
    Turkey's President Recep Tayyip Erdogan, seated centre, and Iranian President Masoud Pezeshkian, standing centre, attend the opening of the emergency Arab-Islamic summit to discuss the Israeli attack on Qatar in Doha, Qatar. EPA
  • Sheikh Mansour bin Zayed, UAE Vice President, Deputy Prime Minister and Chairman of the Presidential Court, is received in Doha by Sheikh Saoud bin Abdulrahman, Deputy Prime Minister of Qatar. Hassan Al Menhali / UAE Presidential Court
    Sheikh Mansour bin Zayed, UAE Vice President, Deputy Prime Minister and Chairman of the Presidential Court, is received in Doha by Sheikh Saoud bin Abdulrahman, Deputy Prime Minister of Qatar. Hassan Al Menhali / UAE Presidential Court
  • Saudi Crown Prince Mohammed bin Salman and Qatar's Emir Sheikh Tamim attend the emergency Arab and Islamic leaders summit in Doha. Reuters
    Saudi Crown Prince Mohammed bin Salman and Qatar's Emir Sheikh Tamim attend the emergency Arab and Islamic leaders summit in Doha. Reuters
  • Sheikh Tamim delivers an address during the opening of the summit, which has been held after Israel launched an attack on the Qatari capital. AFP
    Sheikh Tamim delivers an address during the opening of the summit, which has been held after Israel launched an attack on the Qatari capital. AFP
  • King Abdullah II of Jordan arrives in Doha. Qatar News Agency
    King Abdullah II of Jordan arrives in Doha. Qatar News Agency
  • Turkey's President Recep Tayyip Erdogan, his wife Emine Erdogan and Foreign Minister Hakan Fidan arrive in Doha. Qatar News Agency
    Turkey's President Recep Tayyip Erdogan, his wife Emine Erdogan and Foreign Minister Hakan Fidan arrive in Doha. Qatar News Agency
  • Kuwait's Crown Prince Sheikh Sabah Khaled Al Hamad Al Sabah with Sheikh Saoud, who is also Qatar's Minister of State for Defence Affairs. AFP
    Kuwait's Crown Prince Sheikh Sabah Khaled Al Hamad Al Sabah with Sheikh Saoud, who is also Qatar's Minister of State for Defence Affairs. AFP
  • Qatar's Deputy Prime Minister Sheikh Saud bin Abdulrahman recieves Oman's Sultan Haitham in Doha. Qatar News Agency
    Qatar's Deputy Prime Minister Sheikh Saud bin Abdulrahman recieves Oman's Sultan Haitham in Doha. Qatar News Agency
  • Morocco's Prince Moulay Rachid arrives in Doha for the summit. Qatar News Agency
    Morocco's Prince Moulay Rachid arrives in Doha for the summit. Qatar News Agency
  • Syrian President Ahmad Al Shara arrives in Doha. Reuters
    Syrian President Ahmad Al Shara arrives in Doha. Reuters
  • Qatar's Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman with US special envoy for Syria Tom Barrack. AFP
    Qatar's Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman with US special envoy for Syria Tom Barrack. AFP
  • Iraqi Prime Minister Mohammed Shia Al Sudani is welcomed in Doha by Sheikh Saoud. AFP
    Iraqi Prime Minister Mohammed Shia Al Sudani is welcomed in Doha by Sheikh Saoud. AFP
  • Iran's President Masoud Pezeshkian is received in Doha by Sheikh Saoud. AFP
    Iran's President Masoud Pezeshkian is received in Doha by Sheikh Saoud. AFP
  • Sudan's army chief Gen Abdel Fattah Al Burhan is received by Sheikh Saoud. AFP
    Sudan's army chief Gen Abdel Fattah Al Burhan is received by Sheikh Saoud. AFP
  • Pakistan's Prime Minister Shehbaz Sharif arrives in Doha. AFP
    Pakistan's Prime Minister Shehbaz Sharif arrives in Doha. AFP
  • Tajikistan's President Emomali Rahmon is received in Doha by Sheikh Saoud. AFP
    Tajikistan's President Emomali Rahmon is received in Doha by Sheikh Saoud. AFP

An outpouring of condemnation since the Doha strike has pushed Israel further into international isolation, with Prime Minister Benjamin Netanyahu wanted by the International Criminal Court to face accusations of war crimes.

A resolution adopted at the summit in Doha showed unwavering support for Qatar's sovereignty and its role as mediator between Israel and Hamas. It also said Israel's actions in the region and the killing of civilians in Gaza, the occupied West Bank, Iran, Yemen, Syria and Lebanon undermine efforts aimed at coexistence.

The Gulf Co-operation Council (GCC) in a statement said a further emergency meeting will be held in Doha for ministers of defence to discuss threats to the region.

Leaders of the GCC also directed the bloc's Unified Military Command to "activate mechanisms of joint defence and Gulf deterrence capabilities”, a statement released on the sidelines of the summit said.

The Doha talks began on Sunday, with foreign ministers meeting behind closed doors. A debate at the UN Human Rights Council in Geneva will be held on Tuesday at the request of the Arab and Islamic states.

The US is looking to strike a balance between its relations with Qatar, a US ally and regional security partner, and its support for Israel. America's Secretary of State Marco Rubio, who received Qatar's Prime Minister Sheikh Mohammed bin Abdulrahman in Washington on Friday, travelled to Jerusalem two days later. Mr Rubio is expected to arrive in Qatar on Tuesday.

In a press conference with Mr Netanyahu, he highlighted the important role Qatar has played as a mediator in Gaza ceasefire talks. His visit to Israel came a week before many western nations are to recognise Palestinian statehood at the UN General Assembly in New York. Mr Rubio called the move "symbolic”, but said it was also an "impediment” to peace.

COMPANY PROFILE

Name: Rain Management

Year started: 2017

Based: Bahrain

Employees: 100-120

Amount raised: $2.5m from BitMex Ventures and Blockwater. Another $6m raised from MEVP, Coinbase, Vision Ventures, CMT, Jimco and DIFC Fintech Fund

The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet

Best Academy: Ajax and Benfica

Best Agent: Jorge Mendes

Best Club : Liverpool   

 Best Coach: Jurgen Klopp (Liverpool)  

 Best Goalkeeper: Alisson Becker

 Best Men’s Player: Cristiano Ronaldo

 Best Partnership of the Year Award by SportBusiness: Manchester City and SAP

 Best Referee: Stephanie Frappart

Best Revelation Player: Joao Felix (Atletico Madrid and Portugal)

Best Sporting Director: Andrea Berta (Atletico Madrid)

Best Women's Player:  Lucy Bronze

Best Young Arab Player: Achraf Hakimi

 Kooora – Best Arab Club: Al Hilal (Saudi Arabia)

 Kooora – Best Arab Player: Abderrazak Hamdallah (Al-Nassr FC, Saudi Arabia)

 Player Career Award: Miralem Pjanic and Ryan Giggs

Skoda Superb Specs

Engine: 2-litre TSI petrol

Power: 190hp

Torque: 320Nm

Price: From Dh147,000

Available: Now

MATCH INFO

Tottenham 4 (Alli 51', Kane 50', 77'. Aurier 73')

Olympiakos 2 (El-Arabi 06', Semedo')

Coal Black Mornings

Brett Anderson

Little Brown Book Group 

Poacher
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ERichie%20Mehta%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Nimisha%20Sajayan%2C%20Roshan%20Mathew%2C%20Dibyendu%20Bhattacharya%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E3%2F5%3C%2Fp%3E%0A
How the bonus system works

The two riders are among several riders in the UAE to receive the top payment of £10,000 under the Thank You Fund of £16 million (Dh80m), which was announced in conjunction with Deliveroo's £8 billion (Dh40bn) stock market listing earlier this year.

The £10,000 (Dh50,000) payment is made to those riders who have completed the highest number of orders in each market.

There are also riders who will receive payments of £1,000 (Dh5,000) and £500 (Dh2,500).

All riders who have worked with Deliveroo for at least one year and completed 2,000 orders will receive £200 (Dh1,000), the company said when it announced the scheme.

UAE tour of the Netherlands

UAE squad: Rohan Mustafa (captain), Shaiman Anwar, Ghulam Shabber, Mohammed Qasim, Rameez Shahzad, Mohammed Usman, Adnan Mufti, Chirag Suri, Ahmed Raza, Imran Haider, Mohammed Naveed, Amjad Javed, Zahoor Khan, Qadeer Ahmed
Fixtures and results:
Monday, UAE won by three wickets
Wednesday, 2nd 50-over match
Thursday, 3rd 50-over match

The biog

Name: Abeer Al Bah

Born: 1972

Husband: Emirati lawyer Salem Bin Sahoo, since 1992

Children: Soud, born 1993, lawyer; Obaid, born 1994, deceased; four other boys and one girl, three months old

Education: BA in Elementary Education, worked for five years in a Dubai school

 

Indoor cricket in a nutshell

Indoor Cricket World Cup – Sep 16-20, Insportz, Dubai

16 Indoor cricket matches are 16 overs per side

8 There are eight players per team

There have been nine Indoor Cricket World Cups for men. Australia have won every one.

5 Five runs are deducted from the score when a wickets falls

Batsmen bat in pairs, facing four overs per partnership

Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.

Zones

A Front net, behind the striker and wicketkeeper: 0 runs

B Side nets, between the striker and halfway down the pitch: 1 run

Side nets between halfway and the bowlers end: 2 runs

Back net: 4 runs on the bounce, 6 runs on the full

Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Types of bank fraud

1) Phishing

Fraudsters send an unsolicited email that appears to be from a financial institution or online retailer. The hoax email requests that you provide sensitive information, often by clicking on to a link leading to a fake website.

2) Smishing

The SMS equivalent of phishing. Fraudsters falsify the telephone number through “text spoofing,” so that it appears to be a genuine text from the bank.

3) Vishing

The telephone equivalent of phishing and smishing. Fraudsters may pose as bank staff, police or government officials. They may persuade the consumer to transfer money or divulge personal information.

4) SIM swap

Fraudsters duplicate the SIM of your mobile number without your knowledge or authorisation, allowing them to conduct financial transactions with your bank.

5) Identity theft

Someone illegally obtains your confidential information, through various ways, such as theft of your wallet, bank and utility bill statements, computer intrusion and social networks.

6) Prize scams

Fraudsters claiming to be authorised representatives from well-known organisations (such as Etisalat, du, Dubai Shopping Festival, Expo2020, Lulu Hypermarket etc) contact victims to tell them they have won a cash prize and request them to share confidential banking details to transfer the prize money.

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

Crops that could be introduced to the UAE

1: Quinoa 

2. Bathua 

3. Amaranth 

4. Pearl and finger millet 

5. Sorghum

OPENING FIXTURES

Saturday September 12

Crystal Palace v Southampton

Fulham v Arsenal

Liverpool v Leeds United

Tottenham v Everton

West Brom v Leicester

West Ham  v Newcastle

Monday  September 14

Brighton v Chelsea

Sheffield United v Wolves

To be rescheduled

Burnley v Manchester United

Manchester City v Aston Villa

Stamp duty timeline

December 2014: Former UK finance minister George Osbourne reforms stamp duty, replacing the slab system with a blended rate scheme, with the top rate increasing to 12 per cent from 10 per cent:
Up to £125,000 - 0%; £125,000 to £250,000 – 2%; £250,000 to £925,000 – 5%; £925,000 to £1.5m: 10%; Over £1.5m – 12%

April 2016: New 3% surcharge applied to any buy-to-let properties or additional homes purchased.

July 2020: Rishi Sunak unveils SDLT holiday, with no tax to pay on the first £500,000, with buyers saving up to £15,000.

March 2021: Mr Sunak decides the fate of SDLT holiday at his March 3 budget, with expectations he will extend the perk unti June.

April 2021: 2% SDLT surcharge added to property transactions made by overseas buyers.

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

UAE%20v%20West%20Indies
%3Cp%3EFirst%20ODI%20-%20Sunday%2C%20June%204%20%0D%3Cbr%3ESecond%20ODI%20-%20Tuesday%2C%20June%206%20%0D%3Cbr%3EThird%20ODI%20-%20Friday%2C%20June%209%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3EMatches%20at%20Sharjah%20Cricket%20Stadium.%20All%20games%20start%20at%204.30pm%0D%3Cbr%3E%0D%3Cbr%3E%3Cstrong%3EUAE%20squad%3C%2Fstrong%3E%0D%3Cbr%3EMuhammad%20Waseem%20(captain)%2C%20Aayan%20Khan%2C%20Adithya%20Shetty%2C%20Ali%20Naseer%2C%20Ansh%20Tandon%2C%20Aryansh%20Sharma%2C%20Asif%20Khan%2C%20Basil%20Hameed%2C%20Ethan%20D%E2%80%99Souza%2C%20Fahad%20Nawaz%2C%20Jonathan%20Figy%2C%20Junaid%20Siddique%2C%20Karthik%20Meiyappan%2C%20Lovepreet%20Singh%2C%20Matiullah%2C%20Mohammed%20Faraazuddin%2C%20Muhammad%20Jawadullah%2C%20Rameez%20Shahzad%2C%20Rohan%20Mustafa%2C%20Sanchit%20Sharma%2C%20Vriitya%20Aravind%2C%20Zahoor%20Khan%0D%3C%2Fp%3E%0A

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.”

'Will%20of%20the%20People'
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Sinopharm vaccine explained

The Sinopharm vaccine was created using techniques that have been around for decades. 

“This is an inactivated vaccine. Simply what it means is that the virus is taken, cultured and inactivated," said Dr Nawal Al Kaabi, chair of the UAE's National Covid-19 Clinical Management Committee.

"What is left is a skeleton of the virus so it looks like a virus, but it is not live."

This is then injected into the body.

"The body will recognise it and form antibodies but because it is inactive, we will need more than one dose. The body will not develop immunity with one dose," she said.

"You have to be exposed more than one time to what we call the antigen."

The vaccine should offer protection for at least months, but no one knows how long beyond that.

Dr Al Kaabi said early vaccine volunteers in China were given shots last spring and still have antibodies today.

“Since it is inactivated, it will not last forever," she said.

The specs

Engine: 2.2-litre, turbodiesel

Transmission: 6-speed auto

Power: 160hp

Torque: 385Nm

Price: Dh116,900

On sale: now

Updated: September 16, 2025, 5:29 AM