Polls show Labour leader Keir Starmer on course to become the UK's next prime minister. AP
Polls show Labour leader Keir Starmer on course to become the UK's next prime minister. AP
Polls show Labour leader Keir Starmer on course to become the UK's next prime minister. AP
Polls show Labour leader Keir Starmer on course to become the UK's next prime minister. AP

UK's Labour Party manifesto pledges wealth creation and 'reconnected' Britain


Tim Stickings
  • English
  • Arabic

The UK’s Labour Party launched its election manifesto on Thursday with a focus on lifting Britain out of economic malaise and a pledge to re-engage with the world if it wins power under its one-word slogan: Change.

Opposition leader Keir Starmer said Labour was the “party of wealth creation” as he made a pitch to the centre ground for Britain’s July 4 election.

Labour is also pledging a “Britain reconnected” in foreign affairs as it aims to retake power during conflict in the Middle East and Ukraine.

It said it was “committed to recognising a Palestinian state as a contribution to a renewed peace process”, without setting a deadline.

Keir Starmer spoke to Labour supporters in Manchester as the party seeks to reclaim power for the first time since 2010. Getty Images
Keir Starmer spoke to Labour supporters in Manchester as the party seeks to reclaim power for the first time since 2010. Getty Images

At a seven-party debate of leaders on Thursday, deputy leader Angela Rayner said a Labour government would review the legal advice and comply with international law about arms sales to Israel.

Senior politicians have clashed over immigration. Ms Rayner said net migration needs to fall as it has “gone up and up as our economy relies on overseas workers”.

Reform UK's Nigel Farage said: "Well, it's funny Angela Rayner says that because Labour launched their six key priorities at the general election and didn't mention the single most important issue affecting the lives of everybody in this country, namely the population explosion caused directly by migration."

Opinion polls show Labour on track to win amid widespread voter anger at the ruling Conservatives, which have fallen behind Reform for the first time.

A new poll, conducted on Wednesday and Thursday, shows Brexiteer Nigel Farage's Reform with 19 per cent support going into national elections next month, compared to the Conservatives' 18 per cent. Both are trailing far behind the Labour party.

The manifesto offers few surprises as Mr Starmer adopts what has been called a “Ming vase strategy” of keeping Labour's standing in the polls intact.

But the “manifesto for wealth creation” marks a break with the hard-left policies pledged by Mr Starmer's predecessor Jeremy Corbyn at the 2017 and 2019 elections.

Speaking over a heckler who accused Labour of offering the “same old Tory policies”, Mr Starmer said it “gave up on being a party of protest five years ago … we want to be a party of power”.

“Today, we can turn the page. Today, we can lay a new foundation of stability and on that foundation, we can start to rebuild Britain,” he told supporters in Manchester.

Middle East focus

Peace and security in the Middle East “will be an immediate focus” for a Labour government, the manifesto says.

It also promises Britain will “deepen our co-operation with partners across the Gulf on regional security, energy and trade and investment”.

On Israel-Palestine it vows to push for an immediate ceasefire, the release of hostages, the upholding of international law and a “rapid increase of aid” into Gaza.

“Palestinian statehood is the inalienable right of the Palestinian people. It is not in the gift of any neighbour and is also essential to the long-term security of Israel,” it says.

“We are committed to recognising a Palestinian state as a contribution to a renewed peace process which results in a two-state solution, with a safe and secure Israel alongside a viable and sovereign Palestinian state.”

Immigration

With Prime Minister Rishi Sunak's Conservatives making reduced migration a key election pledge, Labour said immigration “must be controlled and managed”.

It aims to scrap the government's plan to deport failed asylum seekers to Rwanda, which it calls unworkable and wasteful.

Instead, it is promising a new border security command that will be handed “counter terrorism-style powers” to tackle smuggling from France.

It wants to hire more staff to clear a backlog of asylum applications and form a separate unit to “fast-track removals” of people with no right to stay in Britain.

There are fewer concrete pledges on legal migration, with Labour saying it would look to train more British workers in areas of skills shortages.

Labour says it will scrap the Conservative policy of deporting asylum seekers to Rwanda. Getty Images
Labour says it will scrap the Conservative policy of deporting asylum seekers to Rwanda. Getty Images

Foreign policy

Labour's foreign policy pitch is headlined “Britain reconnected” after what it calls a Conservative failure on the international stage.

It said Labour would reverse a loss of soft power by “reinvigorating alliances”, backing Britain's cultural institutions and seeking a reputation as a leader on climate action.

“We will work with our proud diaspora communities to enhance our cultural links across the world,” the manifesto said.

Labour wants to improve post-Brexit ties with the EU, including with a new security pact, but is not offering a return to EU membership.

It said the UK's support for Ukraine would “remain steadfast”.

“Britain will be a reliable partner, a dependable ally and a good neighbour,” the manifesto said.

UK Labour leader Keir Starmer with Ukrainian President Volodymyr Zelenskyy. Getty Images
UK Labour leader Keir Starmer with Ukrainian President Volodymyr Zelenskyy. Getty Images

Economic boost

Labour emphasised economic growth at its manifesto launch, with Iceland supermarket boss Richard Walker called on stage to underscore its business-friendly pitch.

“We just cannot afford five more years of high tax, low growth and broken Tory promises,” Labour deputy leader Angela Rayner said.

Policy pledges include planning reforms to “get Britain building” and a state-owned Great British Energy company meant to bring green jobs and lower bills.

With a credo of “securonomics”, Labour is promising a stable business environment and investment in ports, battery factories and the steel industry.

Labour is pledging not to raise the level of income tax, VAT (sales tax) or national insurance. It says it would raise revenue by closing tax loopholes and charging VAT to private schools.

UK general election campaigning - in pictures

  • Conservative leader Rishi Sunak speaks at party campaign event at the National Army Museum in London on Wednesday, July 3. AP Photo
    Conservative leader Rishi Sunak speaks at party campaign event at the National Army Museum in London on Wednesday, July 3. AP Photo
  • Labour Party leader Keir Starmer addresses supporters during a visit to the West Regwm Farm events venue in Whitland, Carmarthenshire, Wales, on the final day of election campaigning. PA
    Labour Party leader Keir Starmer addresses supporters during a visit to the West Regwm Farm events venue in Whitland, Carmarthenshire, Wales, on the final day of election campaigning. PA
  • Liberal Democrats leader Ed Davey drives a tractor during a visit to Owl Lodge in Lacock, Wiltshire. PA
    Liberal Democrats leader Ed Davey drives a tractor during a visit to Owl Lodge in Lacock, Wiltshire. PA
  • Satirical political character Count Binface in London before challenging Conservative leader RishiSunak for the parliamentary seat of Richmond and Northallerton. Reuters
    Satirical political character Count Binface in London before challenging Conservative leader RishiSunak for the parliamentary seat of Richmond and Northallerton. Reuters
  • Boris Johnson, former UK prime minister, campaigns for the Conservatives in London. Bloomberg
    Boris Johnson, former UK prime minister, campaigns for the Conservatives in London. Bloomberg
  • Nigel Farage, leader of the far-right Reform UK Party, with heavyweight boxer Derek Chisora during a campaign visit to Clacton-on-Sea in eastern England. Reuters
    Nigel Farage, leader of the far-right Reform UK Party, with heavyweight boxer Derek Chisora during a campaign visit to Clacton-on-Sea in eastern England. Reuters
  • Mr Sunak holds a speech during his visit to Well Healthcare Supplies as he campaigns in Stoke. Getty Images
    Mr Sunak holds a speech during his visit to Well Healthcare Supplies as he campaigns in Stoke. Getty Images
  • Mr Starmer laughs as he speaks to supporters near Milton Keynes. AP
    Mr Starmer laughs as he speaks to supporters near Milton Keynes. AP
  • Mr Davey bungee jumps during a visit to Eastbourne Borough Football Club in East Sussex. AP
    Mr Davey bungee jumps during a visit to Eastbourne Borough Football Club in East Sussex. AP
  • Mr Sunak bowls during his visit to Nuneaton Cricket Club. AFP
    Mr Sunak bowls during his visit to Nuneaton Cricket Club. AFP
  • Mr Starmer addresses an audience of Labour Party members and supporters during a rally at the Royal Horticultural Halls in central London. AP
    Mr Starmer addresses an audience of Labour Party members and supporters during a rally at the Royal Horticultural Halls in central London. AP
  • Mr Davey rides a towable inflatable during a visit to Lakeside Ski & Wake, in the Cotswolds. Reuters
    Mr Davey rides a towable inflatable during a visit to Lakeside Ski & Wake, in the Cotswolds. Reuters
  • Mr Sunak and his wife Akshata Murty visit the BAPS Shri Swaminarayan Mandir in London. AFP
    Mr Sunak and his wife Akshata Murty visit the BAPS Shri Swaminarayan Mandir in London. AFP
  • Mr Starmer during a visit to the Shree Swaminarayan Mandir Hindu temple in Kingsbury, London. PA
    Mr Starmer during a visit to the Shree Swaminarayan Mandir Hindu temple in Kingsbury, London. PA
  • Mr Davey participates in a Zumba class with supporters in Wokingham. Reuters
    Mr Davey participates in a Zumba class with supporters in Wokingham. Reuters
  • Mr Starmer speaking during a visit to Northampton Town Football Club at Sixfields Stadium. PA
    Mr Starmer speaking during a visit to Northampton Town Football Club at Sixfields Stadium. PA
  • Mr Sunak delivers a speech in central London. AFP
    Mr Sunak delivers a speech in central London. AFP
  • Mr Davey jet-washes an ambulance in London. Getty Images
    Mr Davey jet-washes an ambulance in London. Getty Images
  • Mr Starmer rests his hand on the shoulder of Idris Elba as they meet families of knife crime victims, in west London. PA
    Mr Starmer rests his hand on the shoulder of Idris Elba as they meet families of knife crime victims, in west London. PA
  • Mr Sunak turns on the power in the training centre control room during a tour of the Sizewell B nuclear power plant. AFP
    Mr Sunak turns on the power in the training centre control room during a tour of the Sizewell B nuclear power plant. AFP
  • Mr Davey plays a game of Frisbee on a visit to a farm in Hampshire. AP
    Mr Davey plays a game of Frisbee on a visit to a farm in Hampshire. AP
  • Mr Starmer and shadow chancellor Rachel Reeves visit a supermarket in Swindon. PA
    Mr Starmer and shadow chancellor Rachel Reeves visit a supermarket in Swindon. PA
  • Mr Sunak speaks to journalists on the campaign bus following the launch of the Welsh Conservatives General Election manifesto near Rhyl. Reuters
    Mr Sunak speaks to journalists on the campaign bus following the launch of the Welsh Conservatives General Election manifesto near Rhyl. Reuters
  • Mr Davey taking part in wheelbarrow racing at Huish Park, home of Yeovil Town football club in Somerset. PA
    Mr Davey taking part in wheelbarrow racing at Huish Park, home of Yeovil Town football club in Somerset. PA
  • Mr Farage speaks to the press in Clacton-on-Sea. Bloomberg
    Mr Farage speaks to the press in Clacton-on-Sea. Bloomberg
  • Mr Starmer speaks at the launch of the Labour party's 2024 general election manifesto in Manchester. AP
    Mr Starmer speaks at the launch of the Labour party's 2024 general election manifesto in Manchester. AP
  • Mr Sunak answers questions from the audience in Grimsby. Getty Images
    Mr Sunak answers questions from the audience in Grimsby. Getty Images
  • Mr Davey toasts a marshmallow as he visits Willow Forest School in Surrey. EPA
    Mr Davey toasts a marshmallow as he visits Willow Forest School in Surrey. EPA
  • Mr Farage attends the launch of the Reform UK manifesto in Merthyr Tydfil, Wales. Reuters
    Mr Farage attends the launch of the Reform UK manifesto in Merthyr Tydfil, Wales. Reuters
  • Scottish Labour leader Anas Sarwar launches Scottish Labour’s battle bus campaign on June 17 in South Queensferry, Scotland. Getty Images
    Scottish Labour leader Anas Sarwar launches Scottish Labour’s battle bus campaign on June 17 in South Queensferry, Scotland. Getty Images
  • Britain's Labour Party politician and Shadow Secretary of State for Health and Social Care Wes Streeting speaks to a television crew outside the BBC in London. AFP
    Britain's Labour Party politician and Shadow Secretary of State for Health and Social Care Wes Streeting speaks to a television crew outside the BBC in London. AFP
  • Leader of the Liberal Democrats, Sir Ed Davey, on the BBC 1 current affairs programme, Sunday, with Laura Kuenssberg. BBC
    Leader of the Liberal Democrats, Sir Ed Davey, on the BBC 1 current affairs programme, Sunday, with Laura Kuenssberg. BBC
  • Mr Sunak meets pupils in a maths class during a visit to the John Whitgift Academy, in Grimsby. AP
    Mr Sunak meets pupils in a maths class during a visit to the John Whitgift Academy, in Grimsby. AP
  • Mr Starmer during a visit to Grimsby Institute, a technical training college in Grimsby. PA
    Mr Starmer during a visit to Grimsby Institute, a technical training college in Grimsby. PA
  • Mr Davey during a general election campaign visit to the Aqua Jungle Spot in Stratford-upon-Avon. Bloomberg
    Mr Davey during a general election campaign visit to the Aqua Jungle Spot in Stratford-upon-Avon. Bloomberg
  • Mr Sunak and Akshata Murty take centre stage at the Conservative Party's general election manifesto launch in Towcester. Getty Images
    Mr Sunak and Akshata Murty take centre stage at the Conservative Party's general election manifesto launch in Towcester. Getty Images
  • Mr Starmer passes a toothbrush to a child during his visits to the Whale Hill Primary School in Middlesbrough. AP
    Mr Starmer passes a toothbrush to a child during his visits to the Whale Hill Primary School in Middlesbrough. AP
  • Mr Davey meets Steve Darling, Liberal Democrat candidate for Torbay and his guide dog Jennie at Torquay Harbour. Getty Images
    Mr Davey meets Steve Darling, Liberal Democrat candidate for Torbay and his guide dog Jennie at Torquay Harbour. Getty Images
  • Reform UK leader Nigel Farage reacts after something is thrown towards him on the campaign bus in Cawthorne, Barnsley. AP
    Reform UK leader Nigel Farage reacts after something is thrown towards him on the campaign bus in Cawthorne, Barnsley. AP
  • Mr Sunak attends a neighbourhood watch meeting in Horsham, West Sussex. PA
    Mr Sunak attends a neighbourhood watch meeting in Horsham, West Sussex. PA
  • Mr Starmer helps volunteers pot plants during a visit to Harlesden Town Garden in north-west London. PA
    Mr Starmer helps volunteers pot plants during a visit to Harlesden Town Garden in north-west London. PA
  • Mr Davey on the 'Rush' ride during a Liberal Democrats general election campaign event at Thorpe Park. Reuters
    Mr Davey on the 'Rush' ride during a Liberal Democrats general election campaign event at Thorpe Park. Reuters
  • Mr Sunak, during a visit to Imagination Childcare, in Swindon, Wiltshire, while on the election campaign trail. PA
    Mr Sunak, during a visit to Imagination Childcare, in Swindon, Wiltshire, while on the election campaign trail. PA
  • Mr Starmer visits Brent Cross town's visitor pavilion for a housing launch in London. Getty Images
    Mr Starmer visits Brent Cross town's visitor pavilion for a housing launch in London. Getty Images
  • Mr Davey grills burgers in a garden, during campaigning in Wiltshire. PA
    Mr Davey grills burgers in a garden, during campaigning in Wiltshire. PA
  • Mr Sunak during a visit to Leander Club, in Henley-on-Thames, as a boat carrying Liberal Democrat supporters passes behind him. Reuters
    Mr Sunak during a visit to Leander Club, in Henley-on-Thames, as a boat carrying Liberal Democrat supporters passes behind him. Reuters
  • Mr Starmer meets pensioners to talk about the impact of the energy crisis and the cost of living, in a cafe in Bolton. PA
    Mr Starmer meets pensioners to talk about the impact of the energy crisis and the cost of living, in a cafe in Bolton. PA
  • Mr Sunak and Mr Starmer lock horns the first televised general election debate of the campaign, at MediaCity in Salford. PA
    Mr Sunak and Mr Starmer lock horns the first televised general election debate of the campaign, at MediaCity in Salford. PA
  • Mr Davey plays Jenga using symbolic 'blue wall' blocks in Stockport. EPA
    Mr Davey plays Jenga using symbolic 'blue wall' blocks in Stockport. EPA
  • Former Labour leader Jeremy Corbyn poses outside Islington Town Hall, north London, after handing in his nomination papers for the general election, taking place on July 4. PA
    Former Labour leader Jeremy Corbyn poses outside Islington Town Hall, north London, after handing in his nomination papers for the general election, taking place on July 4. PA
  • Mr Farage has a milkshake hurled at him during a campaign event in Clacton-on-Sea. EPA
    Mr Farage has a milkshake hurled at him during a campaign event in Clacton-on-Sea. EPA
  • Mr Sunak launches the Conservative Party's campaign bus at Redcar Racecourse in north-east England. PA
    Mr Sunak launches the Conservative Party's campaign bus at Redcar Racecourse in north-east England. PA
  • Labour launch their election campaign bus, with Mr Starmer, his deputy Angela Rayner and Rachel Reeves, shadow chancellor, in Uxbridge. Getty Images
    Labour launch their election campaign bus, with Mr Starmer, his deputy Angela Rayner and Rachel Reeves, shadow chancellor, in Uxbridge. Getty Images
  • Mr Davey holds a balloon with a figure that represents the amount of votes the Liberal Democrat party lost by in Wimbledon. PA
    Mr Davey holds a balloon with a figure that represents the amount of votes the Liberal Democrat party lost by in Wimbledon. PA
  • Mr Sunak feeds lambs as he visits Rowlinson's Farm during a Conservative general election campaign event in Gawsworth. Reuters
    Mr Sunak feeds lambs as he visits Rowlinson's Farm during a Conservative general election campaign event in Gawsworth. Reuters
  • Scottish Labour leader Anas Sarwar, Mr Starmer, shadow secretary of state for energy security and net zero Ed Miliband and local candidate Martin McCluskey in Greenock. PA
    Scottish Labour leader Anas Sarwar, Mr Starmer, shadow secretary of state for energy security and net zero Ed Miliband and local candidate Martin McCluskey in Greenock. PA
  • Mr Sunak holds a question and answer session during a visit to Niftylift in Milton Keynes. EPA
    Mr Sunak holds a question and answer session during a visit to Niftylift in Milton Keynes. EPA
  • Mr Starmer serves ice cream to day trippers on Barry seafront in South Wales. PA
    Mr Starmer serves ice cream to day trippers on Barry seafront in South Wales. PA
  • Mr Davey takes part in a baking lesson with pupils from High Beeches Primary School during a half-term holiday camp in Hertfordshire. PA
    Mr Davey takes part in a baking lesson with pupils from High Beeches Primary School during a half-term holiday camp in Hertfordshire. PA
  • Mr Sunak speaks with a cafe worker as he picks up breakfast for the media at a cafe in Cornwall. PA
    Mr Sunak speaks with a cafe worker as he picks up breakfast for the media at a cafe in Cornwall. PA
  • Mr Starmer speaks at the launch of Labour's six steps for change in Wales at the Priory Centre in Abergavenny. PA
    Mr Starmer speaks at the launch of Labour's six steps for change in Wales at the Priory Centre in Abergavenny. PA
  • Mr Davey and Anna Sabine, parliamentary candidate for Frome and East Somerset, ride the Ultimate Slip 'n' Slide at Eastcote Farm in Beckington. Bloomberg
    Mr Davey and Anna Sabine, parliamentary candidate for Frome and East Somerset, ride the Ultimate Slip 'n' Slide at Eastcote Farm in Beckington. Bloomberg
  • Scottish National Party Leader John Swinney speaks during a visit to The Dower House Cafe in Edinburgh. AP
    Scottish National Party Leader John Swinney speaks during a visit to The Dower House Cafe in Edinburgh. AP
  • Rishi Sunak examines Jackal armoured vehicles during his visit to defence vehicle manufacturer Supacat in Exeter. PA
    Rishi Sunak examines Jackal armoured vehicles during his visit to defence vehicle manufacturer Supacat in Exeter. PA
  • Keir Starmer with a baby at Worcester City Football Club. PA
    Keir Starmer with a baby at Worcester City Football Club. PA
  • Ed Davey rides a bike during a visit to Knighton, Wales. PA
    Ed Davey rides a bike during a visit to Knighton, Wales. PA
  • Nigel Farage at the cliffs in Dover after speaking at a Reform UK event. Getty Images
    Nigel Farage at the cliffs in Dover after speaking at a Reform UK event. Getty Images
  • Akshata Murty, wife of Mr Sunak, meets with residents during a visit to a Royal British Legion care home in Ripon. Getty Images
    Akshata Murty, wife of Mr Sunak, meets with residents during a visit to a Royal British Legion care home in Ripon. Getty Images
  • Keir Starmer and shadow chancellor Rachel Reeves during a visit to Rolls Royce’s educational training complex in Derby. PA
    Keir Starmer and shadow chancellor Rachel Reeves during a visit to Rolls Royce’s educational training complex in Derby. PA
  • Ed Davey falls into the water while paddle boarding on Lake Windermere. PA
    Ed Davey falls into the water while paddle boarding on Lake Windermere. PA
  • Rishi Sunak campaigning in Amersham, Buckinghamshire. EPA
    Rishi Sunak campaigning in Amersham, Buckinghamshire. EPA
  • Mr Starmer addresses party members and media in Lancing Parish Hall, West Sussex. Getty Images
    Mr Starmer addresses party members and media in Lancing Parish Hall, West Sussex. Getty Images
  • Mr Davey launches his party's general election campaign battle bus in Cambridge. PA
    Mr Davey launches his party's general election campaign battle bus in Cambridge. PA
  • Mr Sunak on the ball during a visit to Chesham United Football Club. PA
    Mr Sunak on the ball during a visit to Chesham United Football Club. PA
  • Mr Starmer speaks to party supporters after making his first keynote speech of the campaign in Lancing. PA
    Mr Starmer speaks to party supporters after making his first keynote speech of the campaign in Lancing. PA
  • Mr Davey join supporters for a dog walk near Winchester. PA
    Mr Davey join supporters for a dog walk near Winchester. PA
  • Mr Sunak visits a maritime technology centre in Belfast, Northern Ireland, as he campaigns for the general election on July 4. Reuters
    Mr Sunak visits a maritime technology centre in Belfast, Northern Ireland, as he campaigns for the general election on July 4. Reuters
  • Mr Starmer and his Scottish counterpart, Anas Sarwar, greet supporters at the launch of the Scottish Labour general election campaign at Caledonia House in Glasgow. Getty Images
    Mr Starmer and his Scottish counterpart, Anas Sarwar, greet supporters at the launch of the Scottish Labour general election campaign at Caledonia House in Glasgow. Getty Images
  • Mr Davey, right, eats ice cream with his party's local candidate, Josh Babarinde, on the promenade in Eastbourne. PA
    Mr Davey, right, eats ice cream with his party's local candidate, Josh Babarinde, on the promenade in Eastbourne. PA
  • Mr Sunak arrives at Inverness Airport, in Scotland, on the general election campaign trail. PA
    Mr Sunak arrives at Inverness Airport, in Scotland, on the general election campaign trail. PA
  • Mr Starmer during a visit to Gillingham Football Club in Kent. PA
    Mr Starmer during a visit to Gillingham Football Club in Kent. PA
  • Mr Sunak speaks with members of staff at the Global Energy Group facility at the Port of Nigg in north-east Scotland. AFP
    Mr Sunak speaks with members of staff at the Global Energy Group facility at the Port of Nigg in north-east Scotland. AFP
  • Mr Davey during a visit to the town centre in Cheltenham. PA
    Mr Davey during a visit to the town centre in Cheltenham. PA
  • Richard Tice, the leader of Reform UK, attends an election campaign launch in London. AP
    Richard Tice, the leader of Reform UK, attends an election campaign launch in London. AP
  • Mr Sunak holds a Q&A with staff of a West Transport distribution centre in Ilkeston in the East Midlands. AP
    Mr Sunak holds a Q&A with staff of a West Transport distribution centre in Ilkeston in the East Midlands. AP
  • Labour's deputy leader Angela Rayner and Mr Starmer arrive at Gillingham FC. Getty Images
    Labour's deputy leader Angela Rayner and Mr Starmer arrive at Gillingham FC. Getty Images
  • Mr Sunak takes questions from workers at West Transport. Getty Images
    Mr Sunak takes questions from workers at West Transport. Getty Images
  • Mr Starmer holds a piece of campaign branding at Gillingham. PA
    Mr Starmer holds a piece of campaign branding at Gillingham. PA
  • Mr Sunak poses for a selfie in Ilkeston. AFP
    Mr Sunak poses for a selfie in Ilkeston. AFP
Key figures in the life of the fort

Sheikh Dhiyab bin Isa (ruled 1761-1793) Built Qasr Al Hosn as a watchtower to guard over the only freshwater well on Abu Dhabi island.

Sheikh Shakhbut bin Dhiyab (ruled 1793-1816) Expanded the tower into a small fort and transferred his ruling place of residence from Liwa Oasis to the fort on the island.

Sheikh Tahnoon bin Shakhbut (ruled 1818-1833) Expanded Qasr Al Hosn further as Abu Dhabi grew from a small village of palm huts to a town of more than 5,000 inhabitants.

Sheikh Khalifa bin Shakhbut (ruled 1833-1845) Repaired and fortified the fort.

Sheikh Saeed bin Tahnoon (ruled 1845-1855) Turned Qasr Al Hosn into a strong two-storied structure.

Sheikh Zayed bin Khalifa (ruled 1855-1909) Expanded Qasr Al Hosn further to reflect the emirate's increasing prominence.

Sheikh Shakhbut bin Sultan (ruled 1928-1966) Renovated and enlarged Qasr Al Hosn, adding a decorative arch and two new villas.

Sheikh Zayed bin Sultan (ruled 1966-2004) Moved the royal residence to Al Manhal palace and kept his diwan at Qasr Al Hosn.

Sources: Jayanti Maitra, www.adach.ae

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Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

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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The 12 Syrian entities delisted by UK 

Ministry of Interior
Ministry of Defence
General Intelligence Directorate
Air Force Intelligence Agency
Political Security Directorate
Syrian National Security Bureau
Military Intelligence Directorate
Army Supply Bureau
General Organisation of Radio and TV
Al Watan newspaper
Cham Press TV
Sama TV

The specs: 2017 Maserati Quattroporte

Price, base / as tested Dh389,000 / Dh559,000

Engine 3.0L twin-turbo V8

Transmission Eight-speed automatic

Power 530hp @ 6,800rpm

Torque 650Nm @ 2,000 rpm

Fuel economy, combined 10.7L / 100km

SCHEDULE

Saturday, April 20: 11am to 7pm - Abu Dhabi World Jiu-Jitsu Festival and Para jiu-jitsu.

Sunday, April 21: 11am to 6pm - Abu Dhabi World Youth (female) Jiu-Jitsu Championship.

Monday, April 22: 11am to 6pm - Abu Dhabi World Youth (male) Jiu-Jitsu Championship.

Tuesday, April 23: 11am-6pm Abu Dhabi World Masters Jiu-Jitsu Championship.

Wednesday, April 24: 11am-6pm Abu Dhabi World Professional Jiu-Jitsu Championship.

Thursday, April 25: 11am-5pm Abu Dhabi World Professional Jiu-Jitsu Championship.

Friday, April 26: 3pm to 6pm Finals of the Abu Dhabi World Professional Jiu-Jitsu Championship.

Saturday, April 27: 4pm and 8pm awards ceremony.

Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

Power: 819hp

Torque: 678Nm at 7,250rpm

Price: From Dh1,700,000

Available: Now

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Updated: June 14, 2024, 9:38 AM