Former president Jimmy Carter was brought to Washington on Tuesday to lie in state at the US Capitol before his funeral this week.
Mr Carter died on December 29 at the age of 100. He served a single term as president from 1977-1981 and his life after leaving the White House was dedicated to humanitarian causes. He won the 2002 Nobel Peace Prize for campaigning for human rights and undertaking peace negotiations.
The Carter family accompanied Mr Carter’s remains on a flight from Georgia’s Dobbins Air Reserve Base to Washington. A military band played Hail to the Chief, the personal anthem that accompanies US presidents, and troops fired a 21-gun salute after the coffin was taken out of a hearse.
The Democratic former president and Navy veteran was honoured on Tuesday by congressional leaders including Republicans, who have taken control of Capitol Hill with the start of the new congressional session.
At a sombre ceremony under the Capitol's rotunda, Vice President Kamala Harris said Mr Carter had “lived every day of his long life in service to the people”.
She paid tribute to “his honesty, his integrity, his work ethic and determination, his intelligence and his generosity of spirit” and said Mr Carter's legacy “lives on” in the Middle East, pointing to the peace deal forged under his administration between Israel and Egypt.
In a speech ahead of the ceremony, Senator John Thune, the new Republican majority leader, credited Mr Carter's “great American story”.
Mr Thune told of Mr Carter's humble beginnings as a peanut farmer, his legacy in the Middle East, and the philanthropic work he and his wife Rosalynn led with the Carter Centre and Habitat for Humanity.
“It was perhaps his post-presidency that came to define his legacy the most … during the four decades that followed he dedicated himself to making a difference to the causes of peace and human rights, and to improving the well-being of his fellow man,” said Mr Thune.
The setting Washington sun glimmered through the Capitol rotunda’s windows, at times casting a subtle glow down on to the mourners at Mr Carter’s wreath-laying ceremony.
Democratic Senator Chuck Schumer said: “Today and tomorrow, Americans will brave the snow and cold temperatures to pay their respects to one of the most decent men ever to hold office of president.”
Many people stood in frigid temperatures to pay their respects to the late US leader, with long queues reported by local media.
Politicians and officials, some accompanied by their children, on Tuesday afternoon filed into the Capitol rotunda, where Mr Carter will lie in state until his funeral on Thursday. A brass band played Bridge over Troubled Water.
Mr Carter was elected president in 1976. During his time in office, he negotiated the breakthrough peace deal between Egypt and Israel. Two years later, after grappling with slow economic growth, stagflation and an energy crisis, he lost a bid for re-election after a group of Americans were taken hostage by Iranian revolutionaries.
The former president and his wife founded the Carter Centre charity in 1982, with the organisation focusing on fighting diseases and monitored elections around the world.
He won the Nobel Prize after “decades of untiring effort to find peaceful solutions to international conflicts, to advance democracy and human rights, and to promote economic and social development”.
Mr Carter's wife died at the end of 2023 and they are survived by their four children, 11 grandchildren and 14 great-grandchildren.
Twelve former presidents have laid in state at the US Capitol, most recently George H W Bush. Other figures that have received the honour include Supreme Court Justice Ruth Bader Ginsberg and civil rights pioneer Rosa Parks.
BMW M5 specs
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Power: 727hp
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Transmission: 8-speed auto
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SPECS
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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
The%20specs%3A%202024%20Mercedes%20E200
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Sholto Byrnes on Myanmar politics
Skoda Superb Specs
Engine: 2-litre TSI petrol
Power: 190hp
Torque: 320Nm
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Gifts exchanged
- King Charles - replica of President Eisenhower Sword
- Queen Camilla - Tiffany & Co vintage 18-carat gold, diamond and ruby flower brooch
- Donald Trump - hand-bound leather book with Declaration of Independence
- Melania Trump - personalised Anya Hindmarch handbag
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The specs
Engine: 4.0-litre flat-six
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Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
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.”
A Dog's Journey
Directed by: Gail Mancuso
Starring: Dennis Quaid, Josh Gad, Marg Helgenberger, Betty Gilpin, Kathryn Prescott
3 out of 5 stars
The specs: 2019 Audi A7 Sportback
Price, base: Dh315,000
Engine: 3.0-litre V6
Transmission: Seven-speed automatic
Power: 335hp @ 5,000rpm
Torque: 500Nm @ 1,370rpm
Fuel economy 5.9L / 100km
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
Company info
Company name: Entrupy
Co-founders: Vidyuth Srinivasan, co-founder/chief executive, Ashlesh Sharma, co-founder/chief technology officer, Lakshmi Subramanian, co-founder/chief scientist
Based: New York, New York
Sector/About: Entrupy is a hardware-enabled SaaS company whose mission is to protect businesses, borders and consumers from transactions involving counterfeit goods.
Initial investment/Investors: Entrupy secured a $2.6m Series A funding round in 2017. The round was led by Tokyo-based Digital Garage and Daiwa Securities Group's jointly established venture arm, DG Lab Fund I Investment Limited Partnership, along with Zach Coelius.
Total customers: Entrupy’s customers include hundreds of secondary resellers, marketplaces and other retail organisations around the world. They are also testing with shipping companies as well as customs agencies to stop fake items from reaching the market in the first place.
What is tokenisation?
Tokenisation refers to the issuance of a blockchain token, which represents a virtually tradable real, tangible asset. A tokenised asset is easily transferable, offers good liquidity, returns and is easily traded on the secondary markets.
COMPANY%20PROFILE
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The specs: 2019 Haval H6
Price, base: Dh69,900
Engine: 2.0-litre turbocharged four-cylinder
Transmission: Seven-speed automatic
Power: 197hp @ 5,500rpm
Torque: 315Nm @ 2,000rpm
Fuel economy, combined: 7.0L / 100km
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The Matrix Resurrections
Director: Lana Wachowski
Stars: Keanu Reeves, Carrie-Anne Moss, Jessica Henwick
Rating:****
The%20specs
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COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
COMPANY%20PROFILE
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