LONDON // Fifa’s self-acclaimed transparent reform process headed by New York lawyer Michael Garcia came within hours of being sabotaged from within the organisation last week.
The position of Garcia himself and his role as the head of the Independent Ethics Commission looking into alleged corruption surrounding the voting procedure for the 2018 and 2022 World Cups, and the 2011 Fifa presidential election, came under threat from a number of senior Fifa power-brokers.
Members of Fifa’s executive committee (ExCo) said they would have considered their positions had the investigation into Fifa’s affairs by Garcia been halted before he had completed his work.
A number of reform-minded members confirmed they stopped the plan before it was even discussed in full session, after being approached in the corridors between sessions of the ExCo meetings at Fifa’s headquarters in Zurich on Thursday and Friday.
At almost exactly the same time, Garcia was in Zurich carrying out further investigations into Fifa’s workings.
There is no suggestion Fifa president Sepp Blatter played any role in the plan to stop what he has widely acclaimed as Fifa’s new “transparent” reform process.
It is understood from sources that the plan not only involved removing Garcia from his post as the chief investigator into alleged corruption at Fifa, but also the game worldwide.
When approached to comment on the alleged plot to end the investigation, Fifa’s British vice president, Jim Boyce, said as far as he was concerned, he would have had to consider his position had any attempt to halt the investigation succeeded.
The 70-year-old Northern Irishman, who is also the head of Fifa’s referee’s committee, although he steps down from the committee in 15 months time, said of the subject: “There was a bit of informal chat about the possibility that some people wanted to see Garcia removed from the inquiry and that it might be raised at the ExCo meeting, but it wasn’t.
“As someone who has been brought up with honesty and integrity – and it was a great honour for me to be asked to be a vice president – if this had been proposed at the ExCo meeting, or I thought for one moment Garcia would be removed in any fashion from carrying out his full investigation, I and others would be aghast and would have had to consider our positions because things at Fifa have been improving greatly.”
Fifa did not respond to requests for a statement on the matter, while a spokesperson for Garcia’s office in New York issued a “no comment” reply to a request to establish if Garcia was aware of the plans to end his role.
Last week, it was reported that Garcia had spoken to some of the 13 members of the ExCo who are still in office and who took part in voting for the 2018 and 2022 World Cups.
The 2018 World Cup was awarded to Russia and the 2022 finals to Qatar on the same day in Zurich on December 2, 2010. One senior Fifa source said: “I have never understood to this day why there was a double bid. It still makes no sense to me.”
The reform process was instigated following the scandals that engulfed the awarding of those finals as well as the 2011 presidential election campaign.
It was approved by Congress in June 2011 while Garcia himself was appointed in June 2012 at an extraordinary executive committee meeting.
Garcia, the former attorney for the Southern District of New York, was empowered by Congress to “leave no stone unturned” in his quest to discover if there had been any wrongdoing regarding the voting procedures in the World Cup bidding process.
As Fifa’s first independent ethics investigator and prosecutor he was also empowered to investigate the votes-for-cash scandal that led to long-serving and high-ranking Fifa officials Jack Warner and Mohamed bin Hammam leaving the organisation.
Warner, the Fifa vice president for Concacaf, the confederation that covers North and Central America and the Caribbean, had been an ExCo member for more than 20 years while Qatari Bin Hammam was a Fifa vice president and president of the Asian Football Confederation, but their careers ended after the votes-for-cash scandal shortly before Bin Hammam had been due to challenge Blatter for the presidency in 2011.
Warner walked away from Fifa while Bin Hammam was later banned for life for his role in the doomed corruption bid which involved paying members of the Caribbean Football Union to vote for him against Blatter in the presidential vote.
Last week, it was alleged by English newspaper The Daily Telegraph that a company owned by Bin Hammam had paid a total of US$3.2 million (Dh11.7m) to Warner and his sons around the time of Qatar’s successful bid for the 2022 World Cup.
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The specs: 2019 Haval H6
Price, base: Dh69,900
Engine: 2.0-litre turbocharged four-cylinder
Transmission: Seven-speed automatic
Power: 197hp @ 5,500rpm
Torque: 315Nm @ 2,000rpm
Fuel economy, combined: 7.0L / 100km
How Filipinos in the UAE invest
A recent survey of 10,000 Filipino expatriates in the UAE found that 82 per cent have plans to invest, primarily in property. This is significantly higher than the 2014 poll showing only two out of 10 Filipinos planned to invest.
Fifty-five percent said they plan to invest in property, according to the poll conducted by the New Perspective Media Group, organiser of the Philippine Property and Investment Exhibition. Acquiring a franchised business or starting up a small business was preferred by 25 per cent and 15 per cent said they will invest in mutual funds. The rest said they are keen to invest in insurance (3 per cent) and gold (2 per cent).
Of the 5,500 respondents who preferred property as their primary investment, 54 per cent said they plan to make the purchase within the next year. Manila was the top location, preferred by 53 per cent.
If you go
The flights
Emirates and Etihad fly direct to Nairobi, with fares starting from Dh1,695. The resort can be reached from Nairobi via a 35-minute flight from Wilson Airport or Jomo Kenyatta International Airport, or by road, which takes at least three hours.
The rooms
Rooms at Fairmont Mount Kenya range from Dh1,870 per night for a deluxe room to Dh11,000 per night for the William Holden Cottage.
NO OTHER LAND
Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
Stars: Basel Adra, Yuval Abraham
Rating: 3.5/5
The 12 Syrian entities delisted by UK
Ministry of Interior
Ministry of Defence
General Intelligence Directorate
Air Force Intelligence Agency
Political Security Directorate
Syrian National Security Bureau
Military Intelligence Directorate
Army Supply Bureau
General Organisation of Radio and TV
Al Watan newspaper
Cham Press TV
Sama TV
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
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
The biog
Name: Dhabia Khalifa AlQubaisi
Age: 23
How she spends spare time: Playing with cats at the clinic and feeding them
Inspiration: My father. He’s a hard working man who has been through a lot to provide us with everything we need
Favourite book: Attitude, emotions and the psychology of cats by Dr Nicholes Dodman
Favourit film: 101 Dalmatians - it remind me of my childhood and began my love of dogs
Word of advice: By being patient, good things will come and by staying positive you’ll have the will to continue to love what you're doing
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.”
What are the influencer academy modules?
- Mastery of audio-visual content creation.
- Cinematography, shots and movement.
- All aspects of post-production.
- Emerging technologies and VFX with AI and CGI.
- Understanding of marketing objectives and audience engagement.
- Tourism industry knowledge.
- Professional ethics.
How much sugar is in chocolate Easter eggs?
- The 169g Crunchie egg has 15.9g of sugar per 25g serving, working out at around 107g of sugar per egg
- The 190g Maltesers Teasers egg contains 58g of sugar per 100g for the egg and 19.6g of sugar in each of the two Teasers bars that come with it
- The 188g Smarties egg has 113g of sugar per egg and 22.8g in the tube of Smarties it contains
- The Milky Bar white chocolate Egg Hunt Pack contains eight eggs at 7.7g of sugar per egg
- The Cadbury Creme Egg contains 26g of sugar per 40g egg
Killing of Qassem Suleimani
THE LIGHT
Director: Tom Tykwer
Starring: Tala Al Deen, Nicolette Krebitz, Lars Eidinger
Rating: 3/5
Russia's Muslim Heartlands
Dominic Rubin, Oxford
A MINECRAFT MOVIE
Director: Jared Hess
Starring: Jack Black, Jennifer Coolidge, Jason Momoa
Rating: 3/5
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
SPEC%20SHEET%3A%20APPLE%20IPAD%20PRO%20(12.9%22%2C%202022)
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Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
The biog
Favourite book: Homegoing by Yaa Gyasi
Favourite holiday destination: Spain
Favourite film: Bohemian Rhapsody
Favourite place to visit in the UAE: The beach or Satwa
Children: Stepdaughter Tyler 27, daughter Quito 22 and son Dali 19
RACECARD
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The White Lotus: Season three
Creator: Mike White
Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell
Rating: 4.5/5
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
Skewed figures
In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458.
