US President Joe Biden's continued support for Israel amid the war in Gaza has angered many Democratic voters in Michigan. Reuters
US President Joe Biden's continued support for Israel amid the war in Gaza has angered many Democratic voters in Michigan. Reuters
US President Joe Biden's continued support for Israel amid the war in Gaza has angered many Democratic voters in Michigan. Reuters
US President Joe Biden's continued support for Israel amid the war in Gaza has angered many Democratic voters in Michigan. Reuters

'I'm OK,' Biden says in Michigan as more Democrats call on him to step aside


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An embattled President Joe Biden on Friday sought to quell fears about his ability to seek a second term, telling voters in the battleground state of Michigan: “I promise you, I'm OK.”

Mr Biden is trying to convince sceptical Democrats that he has what it takes to stay in the race against Donald Trump following last month's debate fiasco and a patchy press conference on Thursday in which he gave thoughtful foreign policy responses but referred to Vice President Kamala Harris as “Vice President Trump”.

The President made a surprise appearance at a restaurant near Detroit on Friday, telling customers he planned to “finish the job” and said of Trump “the alternative is not much of an alternative”.

He also said the world is at “an inflection point in history, where what happens in the near term is going to determine what the next four or five decades”.

Mr Biden must win if he is to remain in the White House, but a large number of traditionally Democratic voters in the Midwest state want to punish him for his support to Israel in its war on Gaza.

Muslim and Arab Americans were planning a rally to protest against Mr Biden's visit and to denounce his handling of the war.

“We want the Biden team and Biden himself to know that we're there and that we're present,” Adam Abu Salha, an activist in Michigan, told The National.

“We're going to always show up as a reminder that Palestine is an American issue, and that people all across Michigan care about Palestine, not just Arabs and Muslims, but Jewish Americans and other Americans as well.”

In the Democratic primary race in February, more than 100,000 Michiganders cast a protest “uncommitted” vote against Mr Biden that shook the party into paying more attention to the growing movement.

Michigan is the state that is home to the nation's largest Arab-American population.

The visit also comes after Mr Biden held a post-Nato summit press conference where he addressed negotiations on a US-backed Israeli ceasefire deal with Hamas, saying it was “time to end” the Gaza war and calling on Israel not to occupy Gaza after the violence ends.

After the press conference, the senior Democrat in the House of Representatives, Hakeem Jeffries, met the President and “directly expressed the full breadth of insight, heartfelt perspectives and conclusions about the path forward” from party members.

“As House Democrats have done throughout this Congress, we will continue to work in the best interests of everyday Americans,” Mr Jeffries added in a “dear colleagues” letter to fellow congressional Democrats following the meeting.

But in the hours after the press conference, more party members called on Mr Biden to step down from the Democratic ticket.

Congresswoman Brittany Pettersen of Colorado issued a statement on Friday morning in which she asked the president to “please pass the torch to one of our many capable Democratic leaders so we have the best chance to defeat Donald Trump”.

“Joe Biden saved our country once, and I'm joining the growing number of people in my district and across the country to ask him to do it again,” Ms Pettersen wrote.

Congressman Jim Himes, the senior Democrat on the House Intelligence Committee, joined the call for Mr Biden to step aside after the Nato press conference, arguing that he “must not risk [his] legacy, those accomplishments and American democracy to soldier on in the face of the horrors promised by Donald Trump”.

As of Friday morning, 19 sitting Democratic members of Congress had publicly called on the President to step aside.

But in Detroit, community leaders reminded Democrats that the 81-year-old President's age is not the reason why the party should “abandon Biden”.

“History was written that Mr Biden would not call that ceasefire and 'Abandon Biden' emerged,” Hassan Abdel Salam, a member of the Abandon Biden National Coalition, told reporters on Friday.

“We would actively campaign against this president that we voted for in droves … a man for which we had no problem with his age.”

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

Honeymoonish
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RESULT

Shabab Al Ahli Dubai 0 Al Ain 6
Al Ain: Caio (5', 73'), El Shahat (10'), Berg (65'), Khalil (83'), Al Ahbabi (90' 2)

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Coal Black Mornings

Brett Anderson

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Look north

BBC business reporters, like a new raft of government officials, are being removed from the national and international hub of London and surely the quality of their work must suffer.

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Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

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.”

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

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

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NO OTHER LAND

Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal

Stars: Basel Adra, Yuval Abraham

Rating: 3.5/5

Company profile

Name:​ One Good Thing ​

Founders:​ Bridgett Lau and Micheal Cooke​

Based in:​ Dubai​​ 

Sector:​ e-commerce​

Size: 5​ employees

Stage: ​Looking for seed funding

Investors:​ ​Self-funded and seeking external investors

MATCH INFO

England 241-3 (20 ovs)

Malan 130 no, Morgan 91

New Zealand 165 all out (16.5ovs)

Southee 39, Parkinson 4-47

England win by 76 runs

Series level at 2-2

Updated: July 13, 2024, 4:51 AM