It was a brutal day in court for former Malaysian prime minister Najib Razak yesterday. It began with his counsel calling for the Chief Justice, Tengku Maimun Tuan Mat, to recuse herself from leading the Federal Court in considering Najib’s final appeal against his conviction in a 1MDB-linked corruption case.
Overnight Najib had filed an affidavit stating, among other things, that because the Chief Justice’s husband had posted on Facebook that “he was happy that Najib had been dethroned” after the Barisan Nasional government that Najib led lost the 2018 general election, “it is likely that he would have influenced the thinking of the mind of the chairperson as to my alleged culpability".
The five judges considered the application, but rejected it. At about 3pm local time, the Chief Justice called for the final decision to be delivered. Speaking from the dock, Najib complained that he had not been accorded a fair trial. “The might of the judiciary is pinned against me in a most unfair manner,” he said. But as he was speaking a leaked copy of the judgement had already been circulating online (the court later said it was a draft that had been modified). And shortly before 4.30pm, the Chief Justice announced that Najib’s appeals were “unanimously dismissed and the conviction and sentence are affirmed". That means a fine of 210 million ringgit ($47m) for Najib, 12 years in jail, and the loss of his parliamentary seat at the next general election.
It had been looking bleak for Najib for some weeks. The courts had declined his request to bring in a British barrister to defend him, refused to postpone proceedings to allow his new team of lawyers to prepare, and would not allow him to cite new evidence. “I’m avoiding reading the news to avoid breaking my heart,” one of his former aides messaged me over the weekend. Expected as it might have been, the decision, when it came, was still a hammer blow for Najib’s supporters.
Since I have met only one of the five federal court judges, Nallini Pathmanathan, and found her a highly impressive person of palpable probity, I make no comment on the judicial process that led to this decision. I would point out, however, the significance of the fact that until recently, the solicitors representing Najib were led by Zaid Ibrahim. A former law minister who cut short a successful political career by resigning on a point of principle in 2008, and previously a vocal critic of Najib, Mr Zaid has long been one of the most fiercely independent voices in Malaysian public life. He is a man of the utmost integrity and would not have stood alongside Najib unless he believed strongly in his case.
Najib’s defenders also have a point when they say that this is a selective prosecution. This current trial began in July 2018, not long after the Pakatan Harapan government led by Dr Mahathir Mohamad came to power. Before that election, Dr Mahathir called Najib a “crook” and a “tyrant” and made it plain he wanted Najib in jail. But this, and the other cases pending, would not have been brought by the Attorney General – who is a political appointee – if Najib was still prime minister, and it seems highly unlikely that they would have been under the current Prime Minister, Ismail Sabri, who was a member of Najib’s cabinet and is vice president of the party Najib once led.
Nevertheless, Najib’s opponents will be jubilant at the news. For his admirers, it is devastating that a man they considered to be gracious, warm and witty, and who is genuinely loved by the people who mob him whenever he is out campaigning, is heading for prison.
The former prime minister is down. It may be the lowest moment in his life for a man who once golfed with presidents and wowed the world with his call for a Global Movement of Moderates at the UN General Assembly in 2010. But don’t count him out.
Firstly, freed from the trappings and formality of office, Najib became the most popular politician in Malaysia on social media, with more than 4 million followers on Facebook. With his post-election, down-to-earth “Bossku” (our boss) image, many saw the man previously only known to those who met him in person, and videos have circulated of strangers who couldn’t stop hugging Najib when he visited towns and villages. Jailing him may make Najib a martyr to his base.
Secondly, Mr Ismail may belong to the same party as Najib, but he relies on the support of MPs who were previously part of the Pakatan Harapan government. If an election is held this year – and Mr Ismail has just hinted that it may – the Barisan Nasional to which they both belong will stand on its own. After successes in state elections over the past few months, the Barisan Nasional has a good prospect of winning outright, or in combination with parties that were long-time allies in the past.
In that case, there will be strong, maybe irresistible, calls for Najib to be given a royal pardon. Constitutionally, that should be a formality following a request by the prime minister, and the current king in Malaysia’s rotational monarchy is the Sultan of Pahang. Najib is a hereditary nobleman at Sultan Abdullah’s court and the two are on very friendly terms and often pictured together.
And then, just as the one-time deputy prime minister Anwar Ibrahim returned to parliament via a by-election after he was pardoned in 2018, Najib would be able to do the same. In that scenario, it is by no means inconceivable that he could become prime minister again. It is hard to think of anyone who could be sure of defeating him if he stood for the presidency of his party, and his desire to be vindicated will only have grown after suffering incarceration.
I have seen Najib’s resilience in the face of adversity first-hand. He will need it now as never before. But he has a good chance of fighting another day, and as for leading his country once again? Many would be delighted if he did.
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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UAE%20SQUAD
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Gertrude Bell's life in focus
A feature film
At one point, two feature films were in the works, but only German director Werner Herzog’s project starring Nicole Kidman would be made. While there were high hopes he would do a worthy job of directing the biopic, when Queen of the Desert arrived in 2015 it was a disappointment. Critics panned the film, in which Herzog largely glossed over Bell’s political work in favour of her ill-fated romances.
A documentary
A project that did do justice to Bell arrived the next year: Sabine Krayenbuhl and Zeva Oelbaum’s Letters from Baghdad: The Extraordinary Life and Times of Gertrude Bell. Drawing on more than 1,000 pieces of archival footage, 1,700 documents and 1,600 letters, the filmmakers painstakingly pieced together a compelling narrative that managed to convey both the depth of Bell’s experience and her tortured love life.
Books, letters and archives
Two biographies have been written about Bell, and both are worth reading: Georgina Howell’s 2006 book Queen of the Desert and Janet Wallach’s 1996 effort Desert Queen. Bell published several books documenting her travels and there are also several volumes of her letters, although they are hard to find in print. Original documents are housed at the Gertrude Bell Archive at the University of Newcastle, which has an online catalogue.
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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Prop idols
Girls full-contact rugby may be in its infancy in the Middle East, but there are already a number of role models for players to look up to.
Sophie Shams (Dubai Exiles mini, England sevens international)
An Emirati student who is blazing a trail in rugby. She first learnt the game at Dubai Exiles and captained her JESS Primary school team. After going to study geophysics at university in the UK, she scored a sensational try in a cup final at Twickenham. She has played for England sevens, and is now contracted to top Premiership club Saracens.
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Seren Gough-Walters (Sharjah Wanderers mini, Wales rugby league international)
Few players anywhere will have taken a more circuitous route to playing rugby on Sky Sports. Gough-Walters was born in Al Wasl Hospital in Dubai, raised in Sharjah, did not take up rugby seriously till she was 15, has a master’s in global governance and ethics, and once worked as an immigration officer at the British Embassy in Abu Dhabi. In the summer of 2021 she played for Wales against England in rugby league, in a match that was broadcast live on TV.
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Erin King (Dubai Hurricanes mini, Ireland sevens international)
Aged five, Australia-born King went to Dubai Hurricanes training at The Sevens with her brothers. She immediately struck up a deep affection for rugby. She returned to the city at the end of last year to play at the Dubai Rugby Sevens in the colours of Ireland in the Women’s World Series tournament on Pitch 1.
Results
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'Avengers: Infinity War'
Dir: The Russo Brothers
Starring: Chris Evans, Chris Pratt, Tom Holland, Robert Downey Junior, Scarlett Johansson, Elizabeth Olsen
Four stars
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Terror attacks in Paris, November 13, 2015
- At 9.16pm, three suicide attackers killed one person outside the Atade de France during a foootball match between France and Germany
- At 9.25pm, three attackers opened fire on restaurants and cafes over 20 minutes, killing 39 people
- Shortly after 9.40pm, three other attackers launched a three-hour raid on the Bataclan, in which 1,500 people had gathered to watch a rock concert. In total, 90 people were killed
- Salah Abdeslam, the only survivor of the terrorists, did not directly participate in the attacks, thought to be due to a technical glitch in his suicide vest
- He fled to Belgium and was involved in attacks on Brussels in March 2016. He is serving a life sentence in France
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