A member of a protest group holds up a sign of Jeffrey Epstein in New York City in 2019. AFP
A member of a protest group holds up a sign of Jeffrey Epstein in New York City in 2019. AFP
A member of a protest group holds up a sign of Jeffrey Epstein in New York City in 2019. AFP
A member of a protest group holds up a sign of Jeffrey Epstein in New York City in 2019. AFP


The Epstein saga could become an existential crisis for Trump's Maga movement


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July 17, 2025

Those who live by conspiracy theories may also die by them.

From the outset, Donald Trump’s political career relied on them, starting with the false claim that then-president Barack Obama wasn’t born in the US. But the most important conspiracy theory to the base supporting Mr Trump was the QAnon myth that he would expose, purge and punish a “deep state” cabal of elites mired in paedophilia and sex trafficking of children.

The most passionate wing of the Maga movement viewed Mr Trump, above all, as the bane of elite child abusers. The crucial real-life tie-in lending these fantasies some verisimilitude was disgraced billionaire Jeffrey Epstein, who died under suspicious circumstances at a Manhattan jail during Mr Trump’s first term in 2019. He had been associated with many prominent politicians and other noteworthy people.

Following Mr Trump’s re-election, enormous excitement grew that the Justice Department’s voluminous Epstein files and a supposed “client list“ of high-profile, mainly liberal, sexual predators he catered to would be released in a thunderclap of accountability.

Instead, a July 7 Justice department memo concluded that Epstein didn’t blackmail anyone, wasn’t murdered and had no “client list”. It provoked stunned disbelief and howls of outrage from the President’s deepest support base.

Some adversaries were already stoking the flames. After his acrimonious fallout with Mr Trump, billionaire Elon Musk on June 5 wrote: “Time to drop the really big bomb: Trump is in the Epstein files. That is why they have not been made public. Have a nice day, DJT.”

That post was deleted, but Mr Musk has remained on the attack. “How can people be expected to have faith in Trump if he won’t release the Epstein files?” he posted on July 8.

The horrified astonishment is understandable. Many officials now defending the memo had been dedicated proponents of Epstein conspiracy theories.

In February, Attorney General Pam Bondi said Epstein’s “client list” was on her desk. Now she says it doesn’t exist. Mr Trump says he can’t understand why anyone is “still talking” about Epstein. But declassifying the files was part of his election campaign platformm, although he warned about the potential for "phony stuff" in it.

Donald Trump Jr, Vice President JD Vance, FBI Director Kash Patel and his deputy Dan Bongino (who is threatening to resign over the scandal) had all emphasised the importance of the Epstein files and “client list“ during the campaign. In February, the White House invited right-wing influencers to view “the Epstein files phase one”, but there was nothing new in it.

Nonetheless, there’s plenty of information – 300GB of data related to more than 1,000 victims – in the government’s possession that is being kept under wraps. The administration’s claim that it doesn’t want to embarrass victims lacks credibility. It’s easy to redact names and identifying information regarding the 1,000 little-known victims in tens of thousands of file pages.

Epstein kept extensive videotapes captured throughout his residences. And neither the autopsy nor the investigation into his death have been made public.

Ms Bondi wants the Maga faithful to accept the sudden about-face that there’s no important new information remaining and move on. But in an environment of tense conspiratorial agitation, with a particular focus on the Epstein files, that isn’t going to happen.

Usually Trump-friendly online commentators like Tucker Carlson and Megan Kelly are hammering the topic even though the administration desperately wants to declare the case closed. Mr Carlson has described it as “one of the craziest things I’ve ever seen in my life”, and warned that “if you wanted a revolution, this is how you would act”.

Even US House of Representatives Speaker Mike Johnson, a key Trump ally in Congress, is urging the release of the documents, as Democratic lawmakers demand hearings into the administration’s conduct.

Some Trump supporters are trying to shift blame to Ms Bondi, but that begs the question of why she would be “covering up” whatever is being concealed.

Donald Trump has sought to pass all responsibility regarding the disclosure of the Epstein files to Pam Bondi. AFP
Donald Trump has sought to pass all responsibility regarding the disclosure of the Epstein files to Pam Bondi. AFP

One of the challenges facing Mr Trump is that he doesn’t have the same leverage over online media influencers that he does with members of Congress. There’s no implicit or explicit threat to field candidates to challenge them in primaries and remove them from office. His vulnerability to their criticism is therefore considerable.

To a conspiracy-minded worldview, the only relevant question now is what is being suppressed, and who is covering up for whom.

Mr Trump has sought to pass all responsibility to Ms Bondi, saying she should release whatever she finds “credible” in the files, but she has stopped answering all questions on the issue in public. There appear to be no plans to release anything further.

However, it’s unclear whether even if Mr Trump were to ultimately dismiss his Attorney General over this issue, although he continues to praise her performance, that it would resolve the question. Indeed, it might make matters worse for him by underscoring suspicions that there are aspects of this information that need to be concealed.

Those suspicions are not being quelled by his statements that the files were somehow “made up” by Mr Obama, former FBI chief James Comey, the administration of former president Joe Biden and his other political adversaries. It’s a very strange claim from any perspective.

He is also now linking the controversy to “the Russia hoax” and other scandals he has cast as manufactured political attacks against him. If he wanted to stir speculation that there are embarrassing facts being concealed, he could not frame it any more effectively.

If there really is nothing to all of this, the Trump inner circle has no one to blame but itself for the incredulity and crisis of credibility with the deepest part of its own base.

The entire debacle inevitably begs the question: “Were you lying then, or are you lying now?”

It all leaves the Trump base wondering if Epstein wasn’t at the centre of, at least, some paedophilia sex trafficking among elites, is the entire Maga worldview wrong? Or is there some underlying truth the administration is trying to hide?

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

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JAPAN SQUAD

Goalkeepers: Masaaki Higashiguchi, Shuichi Gonda, Daniel Schmidt
Defenders: Yuto Nagatomo, Tomoaki Makino, Maya Yoshida, Sho Sasaki, Hiroki Sakai, Sei Muroya, Genta Miura, Takehiro Tomiyasu
Midfielders: Toshihiro Aoyama, Genki Haraguchi, Gaku Shibasaki, Wataru Endo, Junya Ito, Shoya Nakajima, Takumi Minamino, Hidemasa Morita, Ritsu Doan
Forwards: Yuya Osako, Takuma Asano, Koya Kitagawa

Key developments

All times UTC 4

How to watch Ireland v Pakistan in UAE

When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.

The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

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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.”

The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

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House-hunting

Top 10 locations for inquiries from US house hunters, according to Rightmove

  1. Edinburgh, Scotland 
  2. Westminster, London 
  3. Camden, London 
  4. Glasgow, Scotland 
  5. Islington, London 
  6. Kensington and Chelsea, London 
  7. Highlands, Scotland 
  8. Argyll and Bute, Scotland 
  9. Fife, Scotland 
  10. Tower Hamlets, London 

 

AI traffic lights to ease congestion at seven points to Sheikh Zayed bin Sultan Street

The seven points are:

Shakhbout bin Sultan Street

Dhafeer Street

Hadbat Al Ghubainah Street (outbound)

Salama bint Butti Street

Al Dhafra Street

Rabdan Street

Umm Yifina Street exit (inbound)

Meydan racecard:

6.30pm: Al Maktoum Challenge Round 2 (PA) Group 1 | US$75,000 (Dirt) | 2,200 metres

7.05pm: UAE 1000 Guineas (TB) Listed | $250,000 (D) 1,600m

7.40pm: Meydan Classic Trial (TB) Conditions $100,000 (Turf) 1,400m

8.15pm: Al Shindagha Sprint (TB) Group 3 $200,000 (D) 1,200m

8.50pm: Handicap (TB) $175,000 (D) 1,600m

9.25pm: Handicap (TB) $175,000 (T) | 2,000m

10pm: Handicap (TB) $135,000 (T) 1,600m

What is a Ponzi scheme?

A fraudulent investment operation where the scammer provides fake reports and generates returns for old investors through money paid by new investors, rather than through ligitimate business activities.

Gothia Cup 2025

4,872 matches 

1,942 teams

116 pitches

76 nations

26 UAE teams

15 Lebanese teams

2 Kuwaiti teams

What She Ate: Six Remarkable Women & the Food That Tells Their Stories
Laura Shapiro
Fourth Estate

Pieces of Her

Stars: Toni Collette, Bella Heathcote, David Wenham, Omari Hardwick   

Director: Minkie Spiro

Rating:2/5

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About Takalam

Date started: early 2020

Founders: Khawla Hammad and Inas Abu Shashieh

Based: Abu Dhabi

Sector: HealthTech and wellness

Number of staff: 4

Funding to date: Bootstrapped

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

What is a robo-adviser?

Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.

These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.

Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.

Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.

2025 Fifa Club World Cup groups

Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.

Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.

Group D: Flamengo, ES Tunis, Chelsea, Leon.

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

Group G: Manchester City, Wydad, Al Ain, Juventus.

Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.

Race card

1.30pm: Handicap (PA) Dh 50,000 (Dirt) 1,400m

2pm: Handicap (TB) Dh 84,000 (D) 1,400m

2.30pm: Maiden (TB) Dh 60,000 (D) 1,200m

3pm: Conditions (TB) Dh 100,000 (D) 1.950m

3.30pm: Handicap (TB) Dh 76,000 (D) 1,800m

4pm: Maiden (TB) Dh 60,000 (D) 1,600m

4.30pm: Handicap (TB) Dh 68,000 (D) 1,000m

MATCH RESULT

Al Jazira 3 Persepolis 2
Jazira:
Mabkhout (52'), Romarinho (77'), Al Hammadi (90' 6)
Persepolis: Alipour (42'), Mensha (84')

Defence review at a glance

• Increase defence spending to 2.5% of GDP by 2027 but given “turbulent times it may be necessary to go faster”

• Prioritise a shift towards working with AI and autonomous systems

• Invest in the resilience of military space systems.

• Number of active reserves should be increased by 20%

• More F-35 fighter jets required in the next decade

• New “hybrid Navy” with AUKUS submarines and autonomous vessels

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Who was Alfred Nobel?

The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.

  • In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
  • Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
  • Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
Updated: July 17, 2025, 4:07 AM