President Donald Trump's first 100 days have been filled with wild promises, exaggerated statements and dubious claims that often don't pan out.
Long known for his hyperbole, the master salesman who has hawked everything from steaks and university degrees to property and wine is now using his pulpit to sell the world on his vision of America.
Here is a look at some of his more remarkable statements:
The US will ‘own’ Gaza
On February 4, Mr Trump made one of the most extraordinary statements of his political career, saying the US would take an “ownership position” of the Gaza Strip and force its two million residents to leave so America can develop the enclave into a “Riviera of the Middle East”.
“We're going to take over that piece, and we're going to develop it, create thousands and thousands of jobs, and it'll be something that the entire Middle East can be very proud of,” Mr Trump said at a press conference alongside Israeli Prime Minister Benjamin Netanyahu.
Analysts said Mr Trump’s proposal was “profoundly illegal” and the President soon backed away from his plan.
Fuzzy maths
Mr Trump in February outlined plans to begin selling a “gold card” to the world’s wealthiest people. In return for a $5 million investment in the US, gold card holders would be able to live and work in America.
At a Cabinet meeting on February 26, Mr Trump claimed his administration would be able to sell as many as 10 million gold cards, creating enough revenue to pay off the national debt, currently at $36.7 trillion, in its entirety.
“If we sell 10 million, which is possible, 10 million highly productive people coming in … that's $50 trillion, that means our debt is totally paid off, and we'll have $15 trillion above that,” he said.
But Mr Trump’s projection is fantasy. Various estimates show that the entire global population has fewer than 10 million people with a net worth greater than $5 million. Even if all of them decided they wanted to live in America and give their wealth to the US government, Mr Trump’s estimate is far removed from the realm of possibility.
‘Economic catastrophe’
Mr Trump has repeatedly claimed he inherited a failing economy from former president Joe Biden. In a speech to Congress, he said the Biden administration had left him “an economic catastrophe and an inflation nightmare.”
Inflation was high under Mr Biden, ultimately a factor into his election defeat. It peaked at 9.1 per cent in 2022 but fell steadily during the rest of his term.
The unemployment rate, meanwhile, dropped to 4 per cent in January, while the economy expanded a healthy 2.8 per cent in 2024.
Many economists expect Mr Trump’s tariffs to have an inflationary effect as costs are passed on to consumers, and talk of a “soft landing” for the US economy has been eclipsed by fears of a Trump-induced recession.
Golden Age of America?
In that same speech to Congress, Mr Trump said his tariffs would be about quickly making America “rich again and making America great again”.
“There’ll be a little disturbance, but we’re OK with that. It won’t be much,” he said.
Depending on one’s definition of “much”, this statement is misleading at best. Since Mr Trump announced his tariff regime, investors have lost trillions of dollars as US stock markets plunged, the dollar has lost nearly 10 per cent of its value against the euro and Treasury bond yields are rising, making it more expensive for the US government to borrow.
It is all far from Mr Trump’s pledge to usher in a Golden Age of America.
'Reciprocal' tariffs
Mr Trump has been obsessed with tariffs since the 1980s and has not changed his commitment to them in the decades since, despite changes to the global economy.
When he announced tariffs against most countries earlier this month, he pitched them as “reciprocal” measures to counter what other countries charge the US.
But in many cases the tariffs are not reciprocal at all. Instead, they were calculated by the size of a country's trade deficit with the US.
Ukraine peace in 24 hours
During his 2024 election campaign, Mr Trump said repeatedly he would be able to end the war between Russia and Ukraine “in 24 hours” upon taking office. He has changed his tone since becoming President again.
As various US envoys have held talks looking for an end to the war, both Mr Trump and his senior officials have become more reserved about the prospects of a peace deal. Secretary of State Marco Rubio suggested the US might soon back away from negotiations altogether without more progress, adding a comment that sounded like a repudiation of the President's remark.
“No one’s saying this can be done in 12 hours,” Mr Rubio said.
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.”
Have you been targeted?
Tuan Phan of SimplyFI.org lists five signs you have been mis-sold to:
1. Your pension fund has been placed inside an offshore insurance wrapper with a hefty upfront commission.
2. The money has been transferred into a structured note. These products have high upfront, recurring commission and should never be in a pension account.
3. You have also been sold investment funds with an upfront initial charge of around 5 per cent. ETFs, for example, have no upfront charges.
4. The adviser charges a 1 per cent charge for managing your assets. They are being paid for doing nothing. They have already claimed massive amounts in hidden upfront commission.
5. Total annual management cost for your pension account is 2 per cent or more, including platform, underlying fund and advice charges.
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Recipe
Garlicky shrimp in olive oil
Gambas Al Ajillo
Preparation time: 5 to 10 minutes
Cooking time: 5 minutes
Serves 4
Ingredients
180ml extra virgin olive oil; 4 to 5 large cloves of garlic, minced or pureed (or 3 to 4 garlic scapes, roughly chopped); 1 or 2 small hot red chillies, dried (or ¼ teaspoon dried red chilli flakes); 400g raw prawns, deveined, heads removed and tails left intact; a generous splash of sweet chilli vinegar; sea salt flakes for seasoning; a small handful of fresh flat-leaf parsley, roughly chopped
Method
▶ Heat the oil in a terracotta dish or frying pan. Once the oil is sizzling hot, add the garlic and chilli, stirring continuously for about 10 seconds until golden and aromatic.
▶ Add a splash of sweet chilli vinegar and as it vigorously simmers, releasing perfumed aromas, add the prawns and cook, stirring a few times.
▶ Once the prawns turn pink, after 1 or 2 minutes of cooking, remove from the heat and season with sea salt flakes.
▶ Once the prawns are cool enough to eat, scatter with parsley and serve with small forks or toothpicks as the perfect sharing starter. Finish off with crusty bread to soak up all that flavour-infused olive oil.
MATCH INFO
Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid
When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid
Super Saturday race card
4pm: Mahab Al Shimaal Group 3 | US$350,000 | (Dirt) | 1,200m
4.35pm: Al Bastakiya Listed | $300,000 | (D) | 1,900m
5.10pm: Nad Al Sheba Turf Group 3 | $350,000 | (Turf) | 1,200m
5.45pm: Burj Nahaar Group 3 | $350,000 | (D) | 1,600m
6.20pm: Dubai City of Gold Group 2 | $300,000 | (T) | 2,410m
6.55pm: Al Maktoum Challenge Round 3 Group 1 | $600,000 | (D) | 2,000m
7.30pm: Jebel Hatta Group 1 | $400,000 | (T) | 1,800m
HOW DO SIM CARD SCAMS WORK?
Sim swap frauds are a form of identity theft.
They involve criminals conning mobile phone operators into issuing them with replacement Sim cards, often by claiming their phone has been lost or stolen
They use the victim's personal details - obtained through criminal methods - to convince such companies of their identity.
The criminal can then access any online service that requires security codes to be sent to a user's mobile phone, such as banking services.
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MATCH INFO
Barcelona 4 (Messi 23' pen, 45 1', 48', Busquets 85')
Celta Vigo 1 (Olaza 42')
The Birkin bag is made by Hermès.
It is named after actress and singer Jane Birkin
Noone from Hermès will go on record to say how much a new Birkin costs, how long one would have to wait to get one, and how many bags are actually made each year.
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Crops that could be introduced to the UAE
1: Quinoa
2. Bathua
3. Amaranth
4. Pearl and finger millet
5. Sorghum
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