Candles are lit at a makeshift memorial as people gather to pay homage to Samuel Paty, the French teacher who was beheaded on the streets of Paris. Reuters
Candles are lit at a makeshift memorial as people gather to pay homage to Samuel Paty, the French teacher who was beheaded on the streets of Paris. Reuters
Candles are lit at a makeshift memorial as people gather to pay homage to Samuel Paty, the French teacher who was beheaded on the streets of Paris. Reuters
The brutal murder of a French schoolteacher by an 18-year-old Chechen refugee has demonstrated that, despite all the setbacks Islamist extremists have suffered in recent years, the threat of terrorism remains as potent as ever.
After the US-led coalition’s success in destroying the self-styled caliphate established by ISIS in Syria and Iraq, there were hopes that the extremist threat would diminish, particularly in Europe, which had been the target of a number of high-profile attacks.
There has been a reduction in the type of mass casualty attacks witnessed in cities such as Nice and Manchester, the majority of which were later found to have links with groups linked to ISIS. Yet the murder of Samuel Paty, beheaded outside his school in the Paris suburb of Conflans-Sainte-Honorine, shows that their ability to carry out so-called "lone wolf" attacks has not diminished.
Paty was murdered by Abdulakh Anzorov after the schoolteacher showed caricatures of the Prophet Mohammed in a class discussion about freedom of expression. Anzorov, heard shouting “Allahu akbar” as he murdered the 47-year-old teacher, was later shot dead by police.
French President Emmanuel Macron leaves after paying his respects by the coffin of slain teacher Samuel Paty in the courtyard of the Sorbonne university during a national memorial event, in Paris, France October 21, 2020. REUTERS
French President Emmanuel Macron pays his respects by the coffin of slain teacher Samuel Paty in the courtyard of the Sorbonne university during a national memorial event, in Paris, France October 21, 2020. REUTERS
The coffin of slain teacher Samuel Paty is carried away in the courtyard of the Sorbonne university during a national memorial event, in Paris, France October 21, 2020. REUTERS
A woman wearing a protective face mask with the words "I'm a teacher" written on it pays homage to Samuel Paty, the French teacher who was beheaded on the streets of the Paris suburb of Conflans-Sainte-Honorine, as part of a national tribute, in Nice, France, October 21, 2020. REUTERS
People gather on the Place de la Sorbonne in Paris on October 21, 2020, to watch a live broadcast on a giant screen of a national homage at the Sorbonne University to French teacher Samuel Paty, who was beheaded for showing cartoons of the Prophet Mohamed in his civics class. AFP
Candles are lit at a makeshift memorial as people gather to pay homage to Samuel Paty. REUTERS
Pedestrians walk past Marseille's town hall lit up in the French Tricolor to honor slain teacher Samuel Paty, Wednesday, October 21, 2020. AP Photo
The caricatures that are said to have provoked the killing first appeared in the French satirical magazine Charlie Hebdo, which was itself the target of a high-profile attack by extremists five years ago, in which 12 people were killed and 11 others injured. The two gunmen who carried out the attack identified themselves as belonging to Al Qaeda in the Arabian Peninsula.
The trial of 14 alleged accomplices of the Charlie Hebdo attackers, who were killed in a shoot-out with French police, is under way in Paris, and the murder of Paty is the second extremist-linked attack to have taken place in France since the trial began.
The nationwide clampdown on extremist activity by the French security authorities in the wake of the Charlie Hebdo attack has limited the ability of militants to conduct large-scale attacks. But the circumstances surrounding Paty's murder shows that ISIS and other groups continue to maintain a global network of supporters.
In the wake of the killing, French investigators have discovered that Anzorov had links with ISIS. A video and images of the gruesome murder recorded by the killer were sent to fellow Russian-speaking ISIS supporters and have been shared by Chechen pro-ISIS accounts on the Telegram messaging service. It has also emerged that Anzorov's half-sister travelled to Syria in 2014 to join ISIS, deepening suspicions of his ties to the terror group. In addition, Anzorov's uncle has told French television that he suspected his nephew had been radicalised by online ISIS propaganda.
Indeed, the role of social media in the events leading up to the schoolteacher’s murder has shed fresh light on the ease with which ISIS and other extremist groups are able to exploit these platforms to maintain links with their supporters.
French President Emmanuel Macron, flanked by French Interior Minister Gerald Darmanin, speaks to the press in front of a middle school in Conflans Saint-Honorine. AFP, Pool
Teachers carrying a sign that reads 'I am a Teacher' lays flowers in front of Bois d'Aulne middle school to pay their respect after a teacher was assassinated in Conflans Sainte-Honorine. EPA
French CRS police officers stand as adults and children gather in front of flowers displayed at the entrance of a middle school in Conflans-Sainte-Honorine, 30kms northwest of Paris, on October 17, 2020, after a teacher was decapitated by an attacker who has been shot dead by policemen. The man suspected of beheading on October 16 ,2020 a French teacher who had shown his students cartoons of the prophet Mohammed was an 18-year-old born in Moscow and originating from Russia's southern region of Chechnya, a judicial source said on October 17. Five more people have been detained over the murder on October 16 ,2020 outside Paris, including the parents of a child at the school where the teacher was working, bringing to nine the total number currently under arrest, said the source, who asked not to be named. The attack happened at around 5 pm (1500 GMT) near a school in Conflans Saint-Honorine, a western suburb of the French capital. The man who was decapitated was a history teacher who had recently shown caricatures of the Prophet Mohammed in class. / AFP / Bertrand GUAY
Teachers and the public lay flowers in front of Bois d'Aulne middle school to pay their respect after a teacher was assassinated in Conflans Sainte-Honorine. AP
Teachers and the public lay flowers in front of Bois d'Aulne middle school to pay their respect after a teacher was assassinated in Conflans Sainte-Honorine. AP
Teachers and the public lay flowers in front of Bois d'Aulne middle school to pay their respect after a teacher was assassinated in Conflans Sainte-Honorine. AP
French police officers stand outside a high school after a history teacher who opened a discussion with students on caricatures of Islam's Prophet Muhammad was beheaded. AP
French police officers stand outside a high school after a history teacher who opened a discussion with students on caricatures of Islam's Prophet Muhammad was beheaded. Getty Images
French Education, Youth and Sports Minister Jean-Michel Blanquer speaks to medias in Paris after a teacher was decapitated by an attacker who has been shot dead by policemen. AFP
People hold a sign reading 'I am a teacher - Freedom of speech' in front of a middle school in Conflans Saint-Honorine, 30kms northwest of Paris, on October 17, 2020, after a teacher was decapitated by an attacker who has been shot dead by policemen. The man suspected of beheading on October 16 ,2020 a French teacher who had shown his students cartoons of the prophet Mohammed was an 18-year-old born in Moscow and originating from Russia's southern region of Chechnya, a judicial source said on October 17. Five more people have been detained over the murder on October 16 ,2020 outside Paris, including the parents of a child at the school where the teacher was working, bringing to nine the total number currently under arrest, said the source, who asked not to be named. The attack happened at around 5 pm (1500 GMT) near a school in Conflans Saint-Honorine, a western suburb of the French capital. The man who was decapitated was a history teacher who had recently shown caricatures of the Prophet Mohammed in class. / AFP / Bertrand GUAY
In this instance, the parent of a Muslim girl who had attended the class in which Paty had shown the offending cartoon took to social media to criticise the teacher’s conduct, accusing him of Islamophobia. And it was in response to this that Anzorov decided to act.
Nor is this the only recent example where extremists have been found using social media platforms to promote violence. Earlier this week, an ISIS supporter was convicted by a British court of encouraging terrorism by posting a video on social media urging like-minded associates to attack one of London’s most famous arts venues.
Shehroz Iqbal, 29, posted the footage on a 22-strong WhatsApp group named “From Dark to Light” that featured the Southbank Centre, a complex of theatres and arts venues in central London. In another internet-related incident, British authorities have charged Florian Flegel, a 22-year-old German citizen, with terrorism offences after he allegedly shared ISIS propaganda videos – including beheadings – online.
The ease with which extremist groups and their supporters continue to exploit the internet remains a major cause of concern for European security officials, who are coming under increasing pressure to impose more effective restrictions on social media platforms.
The tech giants Google and Apple, for example, are being called upon to remove a Muslim Brotherhood-sponsored app that has consistently ranked in the top 100 download charts in their stores across multiple European countries. This follows warnings that the Euro Fatwa app, which claims to advise European Muslims on how to adhere to the regulations and manners of Islam, has the potential to act as a gateway for extremism.
The internet is not the only area where European security officials need to improve their vigilance.
The fact that French President Emmanuel Macron has now found it necessary to ban a pro-Hamas group that has been implicated in Paty's murder, as well as closing a Paris mosque that denounced the schoolteacher, shows that extremists are still maintaining their operations in Europe in spite of the tougher measures security officials have imposed over the past two decades.
And so long as they are able to maintain a presence in Europe, their ability to carry out atrocities similar to the brutal murder of Paty will remain undiminished.
Con Coughlin is a defence and foreign affairs columnist for The National
The utilitarian robe held dear by Arab women is undergoing a change that reveals it as an elegant and graceful garment available in a range of colours and fabrics, while retaining its traditional appeal.
The National Archives, Abu Dhabi
Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.
Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en
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
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
MATCH INFO
Euro 2020 qualifier
Croatia v Hungary, Thursday, 10.45pm, UAE
TV: Match on BeIN Sports
Results
Final: Iran beat Spain 6-3.
Play-off 3rd: UAE beat Russia 2-1 (in extra time).
Play-off 5th: Japan beat Egypt 7-2.
Play-off 7th: Italy beat Mexico 3-2.
Race results:
1. Thani Al Qemzi (UAE) Team Abu Dhabi: 46.44 min
2. Peter Morin (FRA) CTIC F1 Shenzhen China Team: 0.91sec
3. Sami Selio (FIN) Mad-Croc Baba Racing Team: 31.43sec
Guns N’ Roses’s last gig before Abu Dhabi was in Hong Kong on November 21. We were there – and here’s what they played, and in what order. You were warned.
It’s So Easy
Mr Brownstone
Chinese Democracy
Welcome to the Jungle
Double Talkin’ Jive
Better
Estranged
Live and Let Die (Wings cover)
Slither (Velvet Revolver cover)
Rocket Queen
You Could Be Mine
Shadow of Your Love
Attitude (Misfits cover)
Civil War
Coma
Love Theme from The Godfather (movie cover)
Sweet Child O’ Mine
Wichita Lineman (Jimmy Webb cover)
Wish You Were Here (instrumental Pink Floyd cover)
November Rain
Black Hole Sun (Soundgarden cover)
Knockin’ on Heaven’s Door (Bob Dylan cover)
Nightrain
Encore:
Patience
Don’t Cry
The Seeker (The Who cover)
Paradise City
The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
Company profile
Company: Verity
Date started: May 2021
Founders: Kamal Al-Samarrai, Dina Shoman and Omar Al Sharif
Based: Dubai
Sector: FinTech
Size: four team members
Stage: Intially bootstrapped but recently closed its first pre-seed round of $800,000
Investors: Wamda, VentureSouq, Beyond Capital and regional angel investors
Family: Married with two daughters: Asayel, 7, and Sara, 6
Favourite piece of music: Horse Dance by Naseer Shamma
Favourite book: Science and geology
Favourite place to travel to: Washington DC
Best advice you’ve ever been given: If you have a dream, you have to believe it, then you will see it.
THE SPECS
Engine: Four-cylinder 2.5-litre
Transmission: Seven-speed auto
Power: 165hp
Torque: 241Nm
Price: Dh99,900 to Dh134,000
On sale: now
Name: Brendalle Belaza
From: Crossing Rubber, Philippines
Arrived in the UAE: 2007
Favourite place in Abu Dhabi: NYUAD campus
Favourite photography style: Street photography
Favourite book: Harry Potter
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.”
How to invest in gold
Investors can tap into the gold price by purchasing physical jewellery, coins and even gold bars, but these need to be stored safely and possibly insured.
A cheaper and more straightforward way to benefit from gold price growth is to buy an exchange-traded fund (ETF).
Most advisers suggest sticking to “physical” ETFs. These hold actual gold bullion, bars and coins in a vault on investors’ behalf. Others do not hold gold but use derivatives to track the price instead, adding an extra layer of risk. The two biggest physical gold ETFs are SPDR Gold Trust and iShares Gold Trust.
Another way to invest in gold’s success is to buy gold mining stocks, but Mr Gravier says this brings added risks and can be more volatile. “They have a serious downside potential should the price consolidate.”
Mr Kyprianou says gold and gold miners are two different asset classes. “One is a commodity and the other is a company stock, which means they behave differently.”
Mining companies are a business, susceptible to other market forces, such as worker availability, health and safety, strikes, debt levels, and so on. “These have nothing to do with gold at all. It means that some companies will survive, others won’t.”
By contrast, when gold is mined, it just sits in a vault. “It doesn’t even rust, which means it retains its value,” Mr Kyprianou says.
You may already have exposure to gold miners in your portfolio, say, through an international ETF or actively managed mutual fund.
You could spread this risk with an actively managed fund that invests in a spread of gold miners, with the best known being BlackRock Gold & General. It is up an incredible 55 per cent over the past year, and 240 per cent over five years. As always, past performance is no guide to the future.
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
Name: Colm McLoughlin
Country: Galway, Ireland
Job: Executive vice chairman and chief executive of Dubai Duty Free
Favourite golf course: Dubai Creek Golf and Yacht Club