• A passenger waits at the drop-off point at Terminal 3 of the Indira Gandhi International Airport in Delhi, India.
    A passenger waits at the drop-off point at Terminal 3 of the Indira Gandhi International Airport in Delhi, India.
  • Security personnel check the identity card of a man before allowing him inside Terminal 3 at Indira Gandhi International Airport.
    Security personnel check the identity card of a man before allowing him inside Terminal 3 at Indira Gandhi International Airport.
  • Passengers from the UK arrive at Sardar Vallabhbhai Patel International Airport in Ahmedabad.
    Passengers from the UK arrive at Sardar Vallabhbhai Patel International Airport in Ahmedabad.
  • A health worker takes swab sample of a passenger arriving from the UK at Anna International Airport in Chennai.
    A health worker takes swab sample of a passenger arriving from the UK at Anna International Airport in Chennai.
  • Passengers wait at the drop-off point at Terminal 3 of the Indira Gandhi International Airport.
    Passengers wait at the drop-off point at Terminal 3 of the Indira Gandhi International Airport.
  • Passengers at Terminal 3 of the Indira Gandhi International Airport.
    Passengers at Terminal 3 of the Indira Gandhi International Airport.
  • Passengers have their luggage checked before entering Terminal 3 of the Indira Gandhi International Airport.
    Passengers have their luggage checked before entering Terminal 3 of the Indira Gandhi International Airport.
  • A woman waits for her luggage to be disinfected at the drop-off point before entering Terminal 3 of the Indira Gandhi International Airport.
    A woman waits for her luggage to be disinfected at the drop-off point before entering Terminal 3 of the Indira Gandhi International Airport.
  • Passengers queue at Terminal 3 of the Indira Gandhi International Airport.
    Passengers queue at Terminal 3 of the Indira Gandhi International Airport.

Dubai-India flights: unvaccinated children under 18 can return without PCR test


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UAE residents under the age of 18 who plan to travel to Dubai from India are exempt from vaccination and PCR test requirements, Emirates Airline has said.

On August 8, Emirates Support clarified the query of a passenger on Twitter.

"Passengers under the age of 18 years are exempt from the vaccination requirement when travelling to Dubai from India," it said.

All other passengers must have been vaccinated against Covid-19 in the Emirates.

People aged 18 years and above who were immunised in India are not currently eligible to return, regardless of what vaccine they received.

This includes people vaccinated with the Covishield shot, the name given to Oxford-AstraZeneca’s vaccine when it is made by the Serum Institute of India.

Dubai visa holders must apply for pre‑entry approval through General Directorate of Residency and Foreigners Affairs and the Federal Authority for Identity and Citizenship.

Passengers must also have a negative result from a PCR test taken no more than 48 hours before their flight is scheduled to depart. Only PCR test results from certified labs that issue a QR code linked to the original report are accepted.

Passengers must take a PCR rapid test four hours before their flight. A rapid antigen test is not be accepted and another PCR test is needed on arrival in Dubai.

Emirates Airline had earlier reminded passengers that unvaccinated children, students and people working in education, healthcare or for the government are exempt from vaccination requirements.

On August 5, the UAE eased travel restrictions from six countries on its flight ban list to allow some residents stranded abroad to fly back to the Emirates.

The decision related to people in India, Pakistan, Sri Lanka, Nepal, Nigeria and Uganda.

MISSION: IMPOSSIBLE – FINAL RECKONING

Director: Christopher McQuarrie

Starring: Tom Cruise, Hayley Atwell, Simon Pegg

Rating: 4/5

Election pledges on migration

CDU: "Now is the time to control the German borders and enforce strict border rejections" 

SPD: "Border closures and blanket rejections at internal borders contradict the spirit of a common area of freedom" 

RESULTS
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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.”

Scores in brief:

Boost Defenders 205-5 in 20 overs
(Colin Ingram 84 not out, Cameron Delport 36, William Somerville 2-28)
bt Auckland Aces 170 for 5 in 20 overs
(Rob O’Donnell 67 not out, Kyle Abbott 3-21).

LA LIGA FIXTURES

Thursday (All UAE kick-off times)

Sevilla v Real Betis (midnight)

Friday

Granada v Real Betis (9.30pm)

Valencia v Levante (midnight)

Saturday

Espanyol v Alaves (4pm)

Celta Vigo v Villarreal (7pm)

Leganes v Real Valladolid (9.30pm)

Mallorca v Barcelona (midnight)

Sunday

Atletic Bilbao v Atletico Madrid (4pm)

Real Madrid v Eibar (9.30pm)

Real Sociedad v Osasuna (midnight)

Updated: August 10, 2021, 8:05 AM