For a country of five and a half million people, Scotland has produced some remarkable political figures. Alex Salmond, the former first minister and leader of the Scottish National Party who died suddenly aged 69, was one of those.
Hugely controversial – loved by many, loathed by some – Salmond often outwitted, out-argued and outperformed his political opponents. He earned respect and often friendship. The Conservative MP David Davis, for example, was no fan of Salmond’s core policy of seeking an independent Scotland, but he became a friend who generously paid tribute on Salmond’s passing.
Salmond was first minister of Scotland from 2007. He managed to secure a referendum on Scottish independence in 2014. When the vote was lost by 45 per cent to 55 per cent, he stepped down as party leader. Despite that failure, it is no exaggeration to say that Salmond took Scotland closer towards independence from the UK than any politician in recent history – and by “recent” in terms of our ancient country, I mean since 1707. That was the year of the Union of the English and Scottish Parliaments.
Scotland, therefore, remains part of the UK for the foreseeable future, although polls suggest more than 40 per cent of Scottish voters still would like Scotland to be an independent country within the EU.
The past few years, however, saw Salmond split from the SNP amid scandals and bitterness.
Back in 2014, he handed over power to his former deputy Nicola Sturgeon but the two eventually had a very public falling out. The SNP endured a number of scandals, investigations and political failures. Salmond himself faced a series of legal battles, leading to his arrest in 2019. He was charged with 14 sexual offences. He was eventually acquitted on all but one charge, and on that charge the jury reached the uniquely Scottish verdict of “not proven”. That does not amount to a conviction, but the process revealed some very unpleasant tales of behaviour at the highest levels in Scotland during his time as first minister.
Controversially, and perhaps unwisely, Salmond also broadcast for a time on RT, the Russian state TV channel. He left the channel after Russia’s invasion of Ukraine in 2022. The tributes, however, have come not merely from political friends, but from opponents, critics and even King Charles himself.
In a message issued by Buckingham Palace, King Charles said: “My wife and I are greatly saddened to hear of the sudden death of Alex Salmond.” Prime Minister Keir Starmer called him a “monumental figure” who “leaves behind a lasting legacy”, as first minister of Scotland. This is undeniably true. Whatever you think of his politics, or his flaws, Salmond was what Scots sometimes call a “man of parts” – a talented or gifted man with many different attributes.
When I teased him on television about the fact that, as a Scot living in England, I could not vote in his independence referendum, he answered very clearly. But after we finished the live interview, he put an arm around me and said that if I wanted to vote I should “buy a hoose” – Scottish for house – back in Scotland. Of course, he was correct. Only people residing in Scotland should be able to vote on Scotland’s future, but his solution – that I should come back to live in my home country – was typically Alex.
It is laughter and joking amid the serious business of politics that I most remember him for. We had humorous discussions about Scottish football – he loved the Edinburgh team Hearts – but he also reflected on the often-unpleasant historical sectarianism involving Protestant and Catholic supporters of Rangers and Celtic. Perhaps what I most admired was his optimism and stubbornness. The Scottish word is “thrawn” – an almost unreasonable conviction that ultimately you are in the right. Salmond never gave up, even in times of great difficulties.
A few months after the failure of the 2014 independence campaign, during the 2015 general election, I went to meet him for a long private chat. He had – to be polite – a difficult relationship with the BBC, where I worked. But when I filmed with him, he would instruct some of his supporters that whatever they thought of the British Broadcasting Corporation, my TV crew was to be treated with respect. And we were. He was to me generous, kind and good company.
After filming on one occasion, he and I and a couple of his SNP colleagues sat down together. I suggested that independence as an idea was dead for a generation. In typical Salmond fashion – he had a talent for memorable theatrical gestures – he opened his bag. He said, “here’s a wee present”. It was one of the first copies of a new book he had written in the aftermath of the failed independence campaign. He pointed at the title and we both laughed. The title of his book – and indeed the epitaph of Alex’s life – is The Dream Shall Never Die.
May he rest in peace.
PROFILE OF STARZPLAY
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South Africa squad
: Faf du Plessis (captain), Hashim Amla, Temba Bavuma, Quinton de Kock (wkt), Theunis de Bruyn, AB de Villiers, Dean Elgar, Heinrich Klaasen (wkt), Keshav Maharaj, Aiden Markram, Morne Morkel, Chris Morris, Wiaan Mulder, Lungi Ngidi, Duanne Olivier, Vernon Philander and Kagiso Rabada.
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
Indoor cricket in a nutshell
Indoor cricket in a nutshell
Indoor Cricket World Cup - Sept 16-20, Insportz, Dubai
16 Indoor cricket matches are 16 overs per side
8 There are eight players per team
9 There have been nine Indoor Cricket World Cups for men. Australia have won every one.
5 Five runs are deducted from the score when a wickets falls
4 Batsmen bat in pairs, facing four overs per partnership
Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.
Zones
A Front net, behind the striker and wicketkeeper: 0 runs
B Side nets, between the striker and halfway down the pitch: 1 run
C Side nets between halfway and the bowlers end: 2 runs
D Back net: 4 runs on the bounce, 6 runs on the full
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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