A Lebanese civil defence worker co-ordinates rescue and recovery mission at the strike site in Janah, Beirut, which killed at least 18 people last October. Matt Kynaston for The National
A Lebanese civil defence worker co-ordinates rescue and recovery mission at the strike site in Janah, Beirut, which killed at least 18 people last October. Matt Kynaston for The National
A Lebanese civil defence worker co-ordinates rescue and recovery mission at the strike site in Janah, Beirut, which killed at least 18 people last October. Matt Kynaston for The National
A Lebanese civil defence worker co-ordinates rescue and recovery mission at the strike site in Janah, Beirut, which killed at least 18 people last October. Matt Kynaston for The National


What Lebanese want from Israel: accountability


The National
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March 28, 2025

Lebanon-Israel: accountability before normalisation

About the report No-one in Lebanon wants normal ties with Israel, PM Nawaf Salam says (March 26): We Lebanese might be struggling and suffering, but not because we need Israel. It is because we need Israel to be accountable for its crimes so our people can find long overdue peace and justice and start building our homes again with dignity.

Rania Samir, Amman, Jordan

Vigilance is advisable no matter where

Regarding the report UAE, Qatar and Oman ranked among world’s safest places as UK and US languish (March 26): This is good to know. But it shouldn't make people reckless and drop their guard. Precautious must be taken anywhere in the world, no matter how safe the place.

Anna M, Ras Al Khaimah

A few more years with beloved dogs

With reference to Nick Webster's article A dog longevity pill is in the pipeline, but at what cost? (March 27): An unusual and interesting piece. For dog owners everywhere this new innovation of a longevity pill for pets is a welcome development. People are usually greatly attached to them, for their love and loyalty, traits cherished by every pet owner.

Despite cost concerns, the longevity pill is likely to have a broad and lucrative market, given the growing interest in enhancing the well-being of domesticated animals. This advancement is certainly a positive step forward in the care of our beloved creatures.

K Ragavan, Bengaluru, India

An Eid wish: hoping the world becomes a better place

Regarding the article Worshippers gather at Abu Dhabi's Sheikh Zayed Grand Mosque as end of Ramadan draws near (March 27): The final days of Ramadan are an auspicious time that bears reflection of the important aspects of life. However bleak our conflict-ridden world looks today, we should hope for an era, where reason, kindness and poetry have abundant space. A world, where political and land boundaries are not obstacles. We should anticipate a world where religion does not divide us but provide a rationale for respecting all human beings. A world, where the strong are just and the frail are cared for. We should be able to optimistically hope for a world where ships do not carry warheads, but food for the needy, a world free of nuclear weapons and unified by art, music and literature from different cultures.

We can have a world of gourmet and Michelin-star restaurants, but we must also build a world without hunger. We can have high-fashion and branded jackets that sell for $10,000. But we should also ensure a simple sweater for everyone in winter.

Above all, we need to build a world, where we use dialogue. not guns, to solve conflicts. These hopes may be idealistic. However, as Eid nears, there is no harm, at least in hoping for a world without wars, egos, tariffs and hunger.

Rajendra Aneja, Dubai

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.”

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

UAE currency: the story behind the money in your pockets
Profile of RentSher

Started: October 2015 in India, November 2016 in UAE

Founders: Harsh Dhand; Vaibhav and Purvashi Doshi

Based: Bangalore, India and Dubai, UAE

Sector: Online rental marketplace

Size: 40 employees

Investment: $2 million

New process leads to panic among jobseekers

As a UAE-based travel agent who processes tourist visas from the Philippines, Jennifer Pacia Gado is fielding a lot of calls from concerned travellers just now. And they are all asking the same question.  

“My clients are mostly Filipinos, and they [all want to know] about good conduct certificates,” says the 34-year-old Filipina, who has lived in the UAE for five years.

Ms Gado contacted the Philippines Embassy to get more information on the certificate so she can share it with her clients. She says many are worried about the process and associated costs – which could be as high as Dh500 to obtain and attest a good conduct certificate from the Philippines for jobseekers already living in the UAE. 

“They are worried about this because when they arrive here without the NBI [National Bureau of Investigation] clearance, it is a hassle because it takes time,” she says.

“They need to go first to the embassy to apply for the application of the NBI clearance. After that they have go to the police station [in the UAE] for the fingerprints. And then they will apply for the special power of attorney so that someone can finish the process in the Philippines. So it is a long process and more expensive if you are doing it from here.”

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500 People from Gaza enter France

115 Special programme for artists

25   Evacuation of injured and sick

U19 World Cup in South Africa

Group A: India, Japan, New Zealand, Sri Lanka

Group B: Australia, England, Nigeria, West Indies

Group C: Bangladesh, Pakistan, Scotland, Zimbabwe

Group D: Afghanistan, Canada, South Africa, UAE

UAE fixtures

Saturday, January 18, v Canada

Wednesday, January 22, v Afghanistan

Saturday, January 25, v South Africa

UAE squad

Aryan Lakra (captain), Vriitya Aravind, Deshan Chethyia, Mohammed Farazuddin, Jonathan Figy, Osama Hassan, Karthik Meiyappan, Rishabh Mukherjee, Ali Naseer, Wasi Shah, Alishan Sharafu, Sanchit Sharma, Kai Smith, Akasha Tahir, Ansh Tandon

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

SANCTIONED
  • Kirill Shamalov, Russia's youngest billionaire and previously married to Putin's daughter Katarina
  • Petr Fradkov, head of recently sanctioned Promsvyazbank and son of former head of Russian Foreign Intelligence, the FSB. 
  • Denis Bortnikov, Deputy President of Russia's largest bank VTB. He is the son of Alexander Bortnikov, head of the FSB which was responsible for the poisoning of political activist Alexey Navalny in August 2020 with banned chemical agent novichok.  
  • Yury Slyusar, director of United Aircraft Corporation, a major aircraft manufacturer for the Russian military.
  • Elena Aleksandrovna Georgieva, chair of the board of Novikombank, a state-owned defence conglomerate.
Updated: March 28, 2025, 3:00 AM