The US Senate on Thursday narrowly confirmed Kash Patel to lead the FBI, officially adding another loyalist and accused conspiracy theorist into President Donald Trump's cabinet.
In a 51-49 vote, the Senate confirmed Mr Patel largely along party lines. Republican Senators Susan Collins and Lisa Murkowski defected and joined the Democrats in opposition to Mr Trump's controversial choice.
Mr Patel, now overseeing one of the largest US law-enforcement agencies, has raised alarm over his loyalty to Mr Trump, a convicted felon, at a moment that has seen the US President take sweeping steps to consolidate executive power.
Ms Collins said in a statement that his public persona, including a controversial book, has “cast doubt on Mr Patel’s ability to advance the FBI’s law-enforcement mission in a way that is free from the appearance of political motivation".
Mr Patel, 44, is the son of Gujarati Indian parents. He was a public defender in Florida before becoming a lawyer for the Justice Department. He worked for the National Security Council during the first Trump administration, as deputy assistant to the President and senior director for counter-terrorism. Mr Patel was also an aide to the House intelligence Committee.
The President's pick for FBI chief has alarmed critics with his stance – in dozens of interviews and books he has written – in which he has assailed the decision-making of the agency he has now been asked to lead. He has also identified by name officials he believes should be investigated.
In a Thursday media conference outside the Justice Department, minority Democrats on the Senate judiciary committee condemned Mr Patel's looming confirmation.
“Kash Patel – mark my words – will cause evil in this building behind us, and Republicans who vote for him will rue that day,” Democratic Senator Sheldon Whitehouse warned.
Before his nomination, Mr Patel railed against the FBI over its investigations into Mr Trump and claimed that rioters involved in the January 6, 2021, insurrection at the Capitol had been mistreated by the Justice Department.
During his confirmation hearing, however, Mr Patel vowed not to go after political enemies. “I have no interest nor desire and will not, if confirmed, go backwards … there will be no politicisation at the FBI. There will be no retributive actions taken by the FBI,” he said.
He has also said he did not agree with Mr Trump's decision to pardon all those involved in the riot. “I do not agree with the commutation of any sentence of any individual who committed violence against law enforcement,” Mr Patel said during his hearing.
He has often spouted conspiracy theories and has also been accused of supporting QAnon views. The movement, based on a series of online posts from an anonymous government official, pushes the idea that Mr Trump is waging a secret war against the “deep state”.
In one podcast interview last year, Mr Patel said that if he were in charge of the FBI, he would “shut down” the bureau’s headquarters on Pennsylvania Avenue in Washington and “reopen it the next day as a museum of the ‘deep state'".
“And I’d take the 7,000 employees that work in that building and send them across America to go chase down criminals. Go be cops,” he said.
In a 2022 interview, he said “the Q thing” is a movement “a lot of people attach themselves to” and that “I disagree with a lot of what that movement says, but I agree with a lot of what that movement says”.
The confirmation followed former Republican Senate leader Mitch McConnell announcing that he would not be seeking re-election in 2026. The seasoned US politician warned that if the Senate does not take its advisory and confirmation role seriously, it puts the nation at risk.
“When members of this body ignore, discount or pervert this fundamental duty, they do so not just at the peril of the Senate, but of the whole nation,” said Mr McConnell before Mr Patel's confirmation.
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
ETFs explained
Exhchange traded funds are bought and sold like shares, but operate as index-tracking funds, passively following their chosen indices, such as the S&P 500, FTSE 100 and the FTSE All World, plus a vast range of smaller exchanges and commodities, such as gold, silver, copper sugar, coffee and oil.
ETFs have zero upfront fees and annual charges as low as 0.07 per cent a year, which means you get to keep more of your returns, as actively managed funds can charge as much as 1.5 per cent a year.
There are thousands to choose from, with the five biggest providers BlackRock’s iShares range, Vanguard, State Street Global Advisors SPDR ETFs, Deutsche Bank AWM X-trackers and Invesco PowerShares.
Washmen Profile
Date Started: May 2015
Founders: Rami Shaar and Jad Halaoui
Based: Dubai, UAE
Sector: Laundry
Employees: 170
Funding: about $8m
Funders: Addventure, B&Y Partners, Clara Ventures, Cedar Mundi Partners, Henkel Ventures
Why seagrass matters
- Carbon sink: Seagrass sequesters carbon up to 35X faster than tropical rainforests
- Marine nursery: Crucial habitat for juvenile fish, crustations, and invertebrates
- Biodiversity: Support species like sea turtles, dugongs, and seabirds
- Coastal protection: Reduce erosion and improve water quality
Brief scoreline:
Manchester United 2
Rashford 28', Martial 72'
Watford 1
Doucoure 90'
UAE Premiership
Results
Dubai Exiles 24-28 Jebel Ali Dragons
Abu Dhabi Harlequins 43-27 Dubai Hurricanes
Final
Abu Dhabi Harlequins v Jebel Ali Dragons, Friday, March 29, 5pm at The Sevens, Dubai
Like a Fading Shadow
Antonio Muñoz Molina
Translated from the Spanish by Camilo A. Ramirez
Tuskar Rock Press (pp. 310)
BMW M5 specs
Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor
Power: 727hp
Torque: 1,000Nm
Transmission: 8-speed auto
Fuel consumption: 10.6L/100km
On sale: Now
Price: From Dh650,000
UK’s AI plan
- AI ambassadors such as MIT economist Simon Johnson, Monzo cofounder Tom Blomfield and Google DeepMind’s Raia Hadsell
- £10bn AI growth zone in South Wales to create 5,000 jobs
- £100m of government support for startups building AI hardware products
- £250m to train new AI models
Tips for newlyweds to better manage finances
All couples are unique and have to create a financial blueprint that is most suitable for their relationship, says Vijay Valecha, chief investment officer at Century Financial. He offers his top five tips for couples to better manage their finances.
Discuss your assets and debts: When married, it’s important to understand each other’s personal financial situation. It’s necessary to know upfront what each party brings to the table, as debts and assets affect spending habits and joint loan qualifications. Discussing all aspects of their finances as a couple prevents anyone from being blindsided later.
Decide on the financial/saving goals: Spouses should independently list their top goals and share their lists with one another to shape a joint plan. Writing down clear goals will help them determine how much to save each month, how much to put aside for short-term goals, and how they will reach their long-term financial goals.
Set a budget: A budget can keep the couple be mindful of their income and expenses. With a monthly budget, couples will know exactly how much they can spend in a category each month, how much they have to work with and what spending areas need to be evaluated.
Decide who manages what: When it comes to handling finances, it’s a good idea to decide who manages what. For example, one person might take on the day-to-day bills, while the other tackles long-term investments and retirement plans.
Money date nights: Talking about money should be a healthy, ongoing conversation and couples should not wait for something to go wrong. They should set time aside every month to talk about future financial decisions and see the progress they’ve made together towards accomplishing their goals.
Mobile phone packages comparison
The specs: 2019 GMC Yukon Denali
Price, base: Dh306,500
Engine: 6.2-litre V8
Transmission: 10-speed automatic
Power: 420hp @ 5,600rpm
Torque: 621Nm @ 4,100rpm
Fuel economy, combined: 12.9L / 100km
THE%20FLASH
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Brief scores:
QPR 0
Watford 1
Capoue 45' 1
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
'Panga'
Directed by Ashwiny Iyer Tiwari
Starring Kangana Ranaut, Richa Chadha, Jassie Gill, Yagya Bhasin, Neena Gupta
Rating: 3.5/5
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.”