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The Mayor of London, Sadiq Khan, summoned the Metropolitan Police Commissioner to discuss “community relations”, after a row about the force’s handling of pro-Palestinian protests.
Sir Mark Rowley met Mr Khan on Monday after an outcry over an incident in which an anti-Semitism campaigner was threatened with arrest near a demonstration on April 13.
Mr Rowley has faced calls for his resignation after the force bungled its apology for suggesting an "openly Jewish'' man's presence along the route of a pro-Palestinian march could provoke the demonstrators.
The mayor said he had confidence in his top officer, as did Prime Minister Rishi Sunak, who also called for rebuilding relations with the city's Jewish community.
"I share the shock and the anger that many are feeling," Mr Sunak said. "But what happened was clearly wrong. And it's right that they've apologised for that.
"And yes, I do have confidence in him, but that's on the basis that he works to rebuild the confidence and trust of not just the Jewish community, but the wider public, particularly people in London but more broadly."
London police are struggling to manage tension sparked by the Israel-Hamas war, with some Jewish residents saying they feel threatened by repeated pro-Palestinian marches.
“We remain focused on doing everything possible to ensure Jewish Londoners feel safe in this city,” the Metropolitan Police Service said in a statement Sunday.
“We know recent events and some of our recent actions have contributed to concerns felt by many.”
The marches have been largely peaceful.
But many demonstrators accuse Israel of genocide and a small number have shown support for Hamas, the group that led the October 7 attack on Israel and which has been banned by the UK government as a terrorist organisation.
The Metropolitan Police force has posted thousands of officers during each of the dozen major marches as it seeks to protect the rights of the pro-Palestinian protesters and prevent clashes with counter-demonstrators and Jewish residents.
It has met leaders of the Jewish community, and senior police officers wrote to the man at the centre of the latest controversy, offering to meet him to apologise and discuss what more could be done to “ensure Jewish Londoners feel safe".
Gideon Falter, chief executive of the Campaign Against Anti-Semitism, was wearing a traditional Jewish yarmulke when he was stopped by police while trying to cross a street in central London as demonstrators filed past on April 13.
One officer told Mr Falter he was worried that the man’s “quite openly Jewish” appearance could provoke a reaction from the protesters, according to video posted on social media by the campaign group.
A second officer then told him he would be arrested if he refused to be escorted out of the area, because he would be “causing a breach of the peace".
Metropolitan Police initially apologised for the language the officer used in describing Mr Falter’s appearance, but said counter-demonstrators had to be aware “that their presence is provocative".
The department later deleted that apology from its social media accounts and issued a second statement.
“In an effort to make a point about the policing of protest we caused further offence,” the force said on Friday.
“This was never our intention ... Being Jewish is not a provocation. Jewish Londoners must be able to feel safe in the city.”
Latest Gaza protests in the UK – in pictures
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UAE currency: the story behind the money in your pockets
The Outsider
Stephen King, Penguin
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.”
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AI traffic lights to ease congestion at seven points to Sheikh Zayed bin Sultan Street
The seven points are:
Shakhbout bin Sultan Street
Dhafeer Street
Hadbat Al Ghubainah Street (outbound)
Salama bint Butti Street
Al Dhafra Street
Rabdan Street
Umm Yifina Street exit (inbound)
'Ashkal'
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