As I wrote a few weeks ago, the changes announced to the UAE’s legal system are of huge importance.
They recognise the country’s evolution over the past few decades, whether in terms of residency regulations or the laws relating to people's private lives. It is right that not just our laws, but the procedures of our courts, should evolve as well. And the establishment of ‘one-day’ courts to expedite the handling of minor misdemeanours reflects that evolution.
I applaud, therefore, the statement by Minister of Justice Sultan Al Badi that the decision to introduce these courts is part of an overall effort to “strengthen efforts to enhance the legislative and legal environment.” I am sure these courts will have plenty to do. A quick and simple presentation of evidence, a plea of guilty or not guilty, and it should be possible to deal swiftly with most cases. Without wishing to overload these new courts rapidly, I believe there is scope for a new law to be introduced urgently to add to their work.
A new menace has appeared in our towns and cities: the electric scooters that whizz around on pavements and streets. Too many of the riders, both teenagers and those old enough to know better, adhere neither to common sense nor safety precautions and can pose a danger to both pedestrians and drivers.
There are gains to be made in harmonising rules and laws, where appropriate.
The scooters can be particularly dangerous at night since most, like ordinary bicycles, don’t carry any lights. I am a cautious driver, especially when it’s dark, and I haven’t hit one yet, though I’ve had a few narrow escapes. A few days ago I was grumbling to a senior police officer about this. To my amazement he told me that there were no rules requiring either electric scooters or bicycles to have lights.
Perhaps that is something our authorities could address. A light touch approach might suffice. First offence, a warning. Second offence, a fixed penalty fine. Third offence, confiscation of the vehicle. Fourth offence, straight to the ‘one-day’ court. The message would, I suspect, get across to people pretty quickly.
While each country has its own special characteristics that affect its legal system, there are, I think, gains to be made in harmonising rules and laws, where appropriate. That is applicable not just to personal legislation or to traffic laws but in other areas, too.
My second proposal for new legislation relates to a particular passion of mine: conservation of wildlife and the environment. In this case, a simple ministerial decision is required.
In early December, our neighbour, Oman, banned the import and use of the drug Diclofenac for veterinary purposes. Underlying the decision was the knowledge that in South Asian countries Diclofenac has been directly responsible for a collapse of over 90 per cent in the population of at least three species of vultures because they feed on the carcasses of domestic animals treated with the drug.
Oman’s decision to ban Diclofenac followed earlier decisions by India, Pakistan, Bangladesh and Iran, with the Oman's assistant director of animal wealth at the Ministry of Agriculture, Fisheries and Water Resources saying: “Based on the overwhelming evidence that Diclofenac is fatally poisonous to birds of prey and the availability of safe alternatives we decided to prohibit its use in veterinary care.”
Our own Ministry of Climate Change and the Environment thus far has taken a different approach.
In an email sent to me a fortnight ago, the Ministry confirmed that Diclofenac is not thus far banned in the UAE because, it said, no scientific report about the toxicity of the drug for any animals had been received.
However, extensive international studies have been undertaken that could perhaps encourage the Ministry to issue the relevant decision to add Diclofenac to the banned list in the Emirates. It is a little step but one which, like lights on electric scooters and bicycles, could serve as a minor building block in our continued efforts to forge ahead to a brighter future.
Peter Hellyer is a UAE cultural historian and columnist for The National
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
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Fund-raising tips for start-ups
Develop an innovative business concept
Have the ability to differentiate yourself from competitors
Put in place a business continuity plan after Covid-19
Prepare for the worst-case scenario (further lockdowns, long wait for a vaccine, etc.)
Have enough cash to stay afloat for the next 12 to 18 months
Be creative and innovative to reduce expenses
Be prepared to use Covid-19 as an opportunity for your business
* Tips from Jassim Al Marzooqi and Walid Hanna
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Cry Macho
Director: Clint Eastwood
Stars: Clint Eastwood, Dwight Yoakam
Rating:**
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LIST OF INVITEES
Shergo Kurdi (am)
Rayhan Thomas
Saud Al Sharee (am)
Min Woo Lee
Todd Clements
Matthew Jordan
AbdulRahman Al Mansour (am)
Matteo Manassero
Alfie Plant
Othman Al Mulla
Shaun Norris
Killing of Qassem Suleimani
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COMPANY%20PROFILE
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Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
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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 specS: 2018 Toyota Camry
Price: base / as tested: Dh91,000 / Dh114,000
Engine: 3.5-litre V6
Gearbox: Eight-speed automatic
Power: 298hp @ 6,600rpm
Torque: 356Nm @ 4,700rpm
Fuel economy, combined: 7.0L / 100km
The%C2%A0specs%20
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TO A LAND UNKNOWN
Director: Mahdi Fleifel
Starring: Mahmoud Bakri, Aram Sabbah, Mohammad Alsurafa
Rating: 4.5/5
Vaccine Progress in the Middle East
COMPANY PROFILE
Name: Mamo
Year it started: 2019 Founders: Imad Gharazeddine, Asim Janjua
Based: Dubai, UAE
Number of employees: 28
Sector: Financial services
Investment: $9.5m
Funding stage: Pre-Series A Investors: Global Ventures, GFC, 4DX Ventures, AlRajhi Partners, Olive Tree Capital, and prominent Silicon Valley investors.
The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
UAE SQUAD
UAE team
1. Chris Jones-Griffiths 2. Gio Fourie 3. Craig Nutt 4. Daniel Perry 5. Isaac Porter 6. Matt Mills 7. Hamish Anderson 8. Jaen Botes 9. Barry Dwyer 10. Luke Stevenson (captain) 11. Sean Carey 12. Andrew Powell 13. Saki Naisau 14. Thinus Steyn 15. Matt Richards
Replacements
16. Lukas Waddington 17. Murray Reason 18. Ahmed Moosa 19. Stephen Ferguson 20. Sean Stevens 21. Ed Armitage 22. Kini Natuna 23. Majid Al Balooshi