Our spirit has never been so dented


Kumar Shyam
  • English
  • Arabic

At previous jobs I was the favourite co-traveller for my colleagues in the vehicles that ferried us home after a day's work. The reason: for all my 34 years I have been a "Bombay Boy" and know the city like the back of my hand. So while my colleagues slept, I used to guide the driver through the congested streets and dark lanes and tell him the shortest possible route.

Travelling long hours - the side effect and the main hazard of living in an island city - became run of the mill. When the city changed its name to Mumbai in 1995 it did not change its DNA, and the metropolis was always referred as the Indian city that never sleeps. Hailed for the cosmopolitan fibre of the population and the gritty attitude of its citizens, the grind continued in the face of adversity.

I remain one of the usual Mumbaikars who bounced back from the 1992 blasts and the subsequent communal riots. As a collegian, I walked through streets of burning cars and tyres, shattered pieces of glass and broken furniture. I was young then but I could understand the city was ready to fight it out. As a journalist, the 2003 twin blasts opposite the same Gateway of India, which faces the Taj hotel, and the neighbouring Zaveri Bazar were just seen as an attempt to invoke the 1993 episode.

The succession of calamities with floods on July 26 2005 followed by blasts in suburban local trains on July 11 in the next year were still taken with a pinch of salt. The media hyped the phrase, "the Mumbaikar spirit continued to live on..." as instances of bravery kept flashing across the booming television and newspaper industry. But as we battle against the odds, one question remains unanswered. Has Mumbai learned the lessons?

For one who was present at one of the seven train blasts sites in 2006, it was obvious that the financial capital of the country was a very soft target considering the huge influx of immigrants across all religions in the populated nation of more than 91 million people. After the spate of blasts across the country, preceded by the clockwork precision of mail sent to all media networks minutes before the attacks, it is obvious that the perpetrators are becoming innovative in their methods.

And that is a worrying factor from a sporting point of view. A cricket event or a visiting team has, thankfully, never been attacked, even though disaster has struck at their doorstep: like in Jaipur during the Indian Premier League this year. I remember the day in 1999 during the ill-fated South Africa's "match fixing" tour of India when, like many times before, I walked into the main lobby of the Taj hotel. But I was stopped by security for the first time. When my target for an interview - the then captain Hansie Cronje - emerged from the main wing and started across the new wing, the tall structure on the right, I quickly approached him to take care of my interview without delay.

So many times, I walked across to the swimming pool, between the two wings, for photo opportunities of players relaxing and with foreigners becoming the new targets in India, suddenly my image of the next victim of terrorism is the visiting cricketer. As being touted on the Indian channels, the Mumbaikars rose and started walking again, but the spirit has been dented more badly than ever. As one Mumbaikar put it: "I feel my city has been raped. I am alive but I have feelings of anger but also of sorrow and helplessness."

The National sports journalist Kumar Shyam was born and brought up in Mumbai @Email:ksyham@thenational.ae

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Classification of skills

A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation. 

A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.

The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000. 

Match info

Uefa Champions League Group H

Manchester United v Young Boys, Tuesday, midnight (UAE)

Brief scoreline:

Liverpool 2

Keita 5', Firmino 26'

Porto 0

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'The Batman'

Stars:Robert Pattinson

Director:Matt Reeves

Rating: 5/5

Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Jeff Buckley: From Hallelujah To The Last Goodbye
By Dave Lory with Jim Irvin

COMPANY%20PROFILE
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Starring: Jamie Foxx, Angela Bassett, Tina Fey

Directed by: Pete Doctor

Rating: 4 stars

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.”

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2017: Trump criticises Khan’s ‘no reason to be alarmed’ response to London Bridge terror attacks

2019: Trump calls Khan a “stone cold loser” before first state visit

2019: Trump tweets about “Khan’s Londonistan”, calling him “a national disgrace”

2022:  Khan’s office attributes rise in Islamophobic abuse against the major to hostility stoked during Trump’s presidency

July 2025 During a golfing trip to Scotland, Trump calls Khan “a nasty person”

Sept 2025 Trump blames Khan for London’s “stabbings and the dirt and the filth”.

Dec 2025 Trump suggests migrants got Khan elected, calls him a “horrible, vicious, disgusting mayor”

Maestro
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Company%20Profile
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Teams in the EHL

White Bears, Al Ain Theebs, Dubai Mighty Camels, Abu Dhabi Storms, Abu Dhabi Scorpions and Vipers

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

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WIDE%20VIEW
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Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

Get Out

Director: Jordan Peele

Stars: Daniel Kaluuya, Allison Williams, Catherine Keener, Bradley Whitford

Four stars

MATCH INFO

Uefa Champions League final:

Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports