• People walk under posters showing Mustafa Kemal Ataturk, founder of modern Turkey, in Ankara. The country is holding its first presidential run-off election after neither candidate earned more than 50 per cent of the vote in the May 14 election. Getty
    People walk under posters showing Mustafa Kemal Ataturk, founder of modern Turkey, in Ankara. The country is holding its first presidential run-off election after neither candidate earned more than 50 per cent of the vote in the May 14 election. Getty
  • A couple walk under a poster of Turkish presidential candidate Kemal Kilicdaroglu, leader of the opposition Republican People's Party, the day after the general election, in Ankara. EPA
    A couple walk under a poster of Turkish presidential candidate Kemal Kilicdaroglu, leader of the opposition Republican People's Party, the day after the general election, in Ankara. EPA
  • People sit on a bench by posters showing Mr Kilicdaroglu in Ankara. Getty
    People sit on a bench by posters showing Mr Kilicdaroglu in Ankara. Getty
  • The bustling Taksim area of Istanbul. Turkey will hold its first presidential run-off election after neither candidate earned more than 50 per cent of the vote this week. Getty
    The bustling Taksim area of Istanbul. Turkey will hold its first presidential run-off election after neither candidate earned more than 50 per cent of the vote this week. Getty
  • People eat ice cream in Istanbul as the country prepares for an election run-off later this month. Getty
    People eat ice cream in Istanbul as the country prepares for an election run-off later this month. Getty
  • People stand in front of the Guven Monument in Ankara. Getty
    People stand in front of the Guven Monument in Ankara. Getty
  • The second round of voting will be held on May 28. Getty
    The second round of voting will be held on May 28. Getty
  • A passenger reads a newspaper on a ferry across the Bosphorus in Istanbul. Bloomberg
    A passenger reads a newspaper on a ferry across the Bosphorus in Istanbul. Bloomberg
  • Politics dominates the headlines in Istanbul on the day after the presidential elections. AP
    Politics dominates the headlines in Istanbul on the day after the presidential elections. AP
  • A billboard featuring presidential candidate Mr Kilicdaroglu in Istanbul. AP
    A billboard featuring presidential candidate Mr Kilicdaroglu in Istanbul. AP
  • A run-off for the presidency was expected to lead to volatility for the Turkish lira. AP
    A run-off for the presidency was expected to lead to volatility for the Turkish lira. AP
  • Supporters of President Recep Tayyip Erdogan gather at the AK Party's headquarters in Istanbul on election night. Getty
    Supporters of President Recep Tayyip Erdogan gather at the AK Party's headquarters in Istanbul on election night. Getty
  • Mr Erdogan, accompanied by his wife Emine, addresses supporters in Ankara. Photo: Turkish Presidential Press Office
    Mr Erdogan, accompanied by his wife Emine, addresses supporters in Ankara. Photo: Turkish Presidential Press Office
  • Election officials count ballots in Diyarbakir after polls closed in Turkey's presidential and parliamentary elections. AFP
    Election officials count ballots in Diyarbakir after polls closed in Turkey's presidential and parliamentary elections. AFP
  • Turkish presidential candidate Kemal Kilicdaroglu, leader of the opposition Republican People's Party, speaks to the media in Ankara. EPA
    Turkish presidential candidate Kemal Kilicdaroglu, leader of the opposition Republican People's Party, speaks to the media in Ankara. EPA
  • Mr Erdogan's supporters wave flags outside the AK Party's headquarters in Ankara. Reuters
    Mr Erdogan's supporters wave flags outside the AK Party's headquarters in Ankara. Reuters
  • Mr Erdogan casts his vote in Istanbul on Sunday. Getty
    Mr Erdogan casts his vote in Istanbul on Sunday. Getty
  • Mr Kilicdaroglu votes in Ankara. Getty
    Mr Kilicdaroglu votes in Ankara. Getty
  • People wait for Mr Erdogan outside a polling station in Istanbul. Reuters
    People wait for Mr Erdogan outside a polling station in Istanbul. Reuters
  • A man holds a ballot at a polling station in Hatay. Reuters
    A man holds a ballot at a polling station in Hatay. Reuters
  • A ballot paper featuring candidates for Turkey's presidential and parliamentary elections. Reuters
    A ballot paper featuring candidates for Turkey's presidential and parliamentary elections. Reuters
  • Voting began in Turkey's presidential election on Sunday morning. Reuters
    Voting began in Turkey's presidential election on Sunday morning. Reuters
  • A voter casts a ballot at a polling station in Hatay. Reuters
    A voter casts a ballot at a polling station in Hatay. Reuters
  • Hatay is one of the Turkish regions that were worst-affected by February's earthquake. Reuters
    Hatay is one of the Turkish regions that were worst-affected by February's earthquake. Reuters
  • Voters take a closer look at the candidates on the ballot, in Ankara. Getty
    Voters take a closer look at the candidates on the ballot, in Ankara. Getty
  • A ballot paper with Mr Erdogan, Muharrem Ince, Mr Kilicdaroglu and Sinan Ogan. Getty
    A ballot paper with Mr Erdogan, Muharrem Ince, Mr Kilicdaroglu and Sinan Ogan. Getty
  • Voters queue outside a polling station in Istanbul. Reuters
    Voters queue outside a polling station in Istanbul. Reuters
  • Bags containing blank ballots are stored at a temporary polling station in the courtyard of a quake-damaged school in Hatay. Reuters
    Bags containing blank ballots are stored at a temporary polling station in the courtyard of a quake-damaged school in Hatay. Reuters
  • An election worker prepares a temporary polling station in Hatay. Reuters
    An election worker prepares a temporary polling station in Hatay. Reuters

UAE's Turkish residents tell of divided nation amid election uncertainty


Anjana Sankar
  • English
  • Arabic

Turkish residents in the UAE say opinion is split over the future direction of the country as a crunch election remains on a knife-edge, despite a record turnout from voters.

Long-serving President Recep Tayyip Erdogan on Sunday won 49.4 per cent of the votes, short of the 50 per cent threshold needed to clinch victory in the first round.

His opponent, Kemal Kilicdaroglu, secured 44.96 per cent, while third-placed candidate Sinan Ogan had 5.2 per cent.

The turnout was a record-high 88.8 per cent.

The result means that the election will go to a run-off between Mr Erdogan and Mr Kilicdaroglu on May 28, the first in Turkey's history.

A run-off vote takes place when no candidate receives more than 50 per cent of the presidential vote.

Turkish citizens who live in the UAE said the results are a clear indication of how their country is split by Mr Erdogan's leadership.

"Turkey is a divided country," said Kemal Yazici, owner of Bedia Art Gallery in Dubai's Al Quoz, adding that people are confused after the results.

"A lot of people want a change and are voting for Kilicdaroglu. At the same time, Erdogan is dearly loved by many people and they want him to win," Mr Yazici told The National.

He said that people appreciate Mr Erdogan's strong leadership and how he has developed the economy, infrastructure and public health.

Kemal Yazici, owner of Bedia Art Gallery in Dubai's Al Quoz, said that Turkey's election results show how divided the country is.
Kemal Yazici, owner of Bedia Art Gallery in Dubai's Al Quoz, said that Turkey's election results show how divided the country is.

"Many people believe that he [Erdogan] has done a lot for the country," Mr Yazici said. "The results so far point to another win for him as the President."

The divisions, he said, would split the vote between the two main contenders.

"It's complex politics," Mr Yazici said. "We have so many ethnic groups and they all think differently. The Turkish diaspora are also divided."

There are an estimated 3.4 million Turkish citizens living abroad, most of whom in Europe voted for Mr Erdogan.

In Germany, where the Turkish community of three million is the largest expatriate group, Mr Erdogan was ahead with 65 per cent of votes to 33 per cent for Mr Kilicdaroglu.

Mr Erdogan led by wide margins among Turkish voters in Belgium, Austria, the Netherlands and France, while Mr Kilicdaroglu led among those in the UK and Switzerland.

In the UAE, Turkish voters were split. According to poll carried out by Turkish newspaper Yeni Safak, Mr Kilicdaroglu won 69.8 per cent of votes in Dubai, while Mr Erdogan won 50.8 per cent in Abu Dhabi.

Dr Serhat Suha, a Turkish resident of Dubai, thinks that Mr Erdogan can win votes by pushing identity politics and nationalism.
Dr Serhat Suha, a Turkish resident of Dubai, thinks that Mr Erdogan can win votes by pushing identity politics and nationalism.

"I was awake all night following the results and I am not happy that we have a run-off," said Mr Yazici. "But we will definitely vote again as it is our responsibility as Turkish citizens."

Serhat Suha, a Turkish resident and senior fellow at UAE-based think tank Trends, said the results also did not come as a surprise to him.

"Erdogan is a shrewd politician," he told The National. "He would not have announced his candidacy if he were not confident about his win."

Mr Suha believes Mr Erdogan won votes by tapping into identity politics and hyper nationalism.

In contrast, he said, the six-party coalition organised under Mr Kilicdaroglu's banner is difficult to hold together.

"People saw fragility and weakness in them," Mr Suha said. "Erdogan knows how to appeal to the emotions of people. He plays to a loyal, conservative voter group in the Anatolian heartland, while his rival gains sympathy from working middle-class and liberal people in coastal cities.

"There are people who are worried about democracy and freedom, but that is still a minority," he said.

Another Turkish resident in Dubai, who declined to be named, told The National that the election is about continuity versus change.

He said that the second round of elections will be "neck-and-neck" but should result in a conclusive victory for one candidate.

"One thing is clear: Turkish people still have an emotional connection to Erdogan that no other leader can claim," he said.

"People still think of him as their leader. Even with a strong rival, his vote share has not dipped considerably."

Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

SPECS
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%201.5-litre%204-cylinder%3Cbr%3E%3Cstrong%3EPower%3A%3C%2Fstrong%3E%20101hp%3Cbr%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20135Nm%3Cbr%3E%3Cstrong%3ETransmission%3C%2Fstrong%3E%3A%20Six-speed%20auto%3Cbr%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20From%20Dh79%2C900%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20Now%3C%2Fp%3E%0A
Springsteen: Deliver Me from Nowhere

Director: Scott Cooper

Starring: Jeremy Allen White, Odessa Young, Jeremy Strong

Rating: 4/5

Racecard

6.35pm: The Madjani Stakes – Group 2 (PA) Dh97,500 (Dirt) 1,900m 

7.10pm: Evidenza – Handicap (TB) Dh87,500 (D) 1,200m 

7.45pm: The Longines Conquest – Maiden (TB) Dh82,500 (D) 2,000m 

8.20: The Longines Elegant – Conditions (TB) Dh82,500 (D) 

8.35pm: The Dubai Creek Mile – Listed (TB) Dh132,500 (D) 1,600m 

9.30pm: Mirdif Stakes – Conditions (TB) Dh120,000 (D) 1,400m 

10.05pm: The Longines Record – Handicap (TB) Dh87,500 (D) 1,900m  

What is blockchain?

Blockchain is a form of distributed ledger technology, a digital system in which data is recorded across multiple places at the same time. Unlike traditional databases, DLTs have no central administrator or centralised data storage. They are transparent because the data is visible and, because they are automatically replicated and impossible to be tampered with, they are secure.

The main difference between blockchain and other forms of DLT is the way data is stored as ‘blocks’ – new transactions are added to the existing ‘chain’ of past transactions, hence the name ‘blockchain’. It is impossible to delete or modify information on the chain due to the replication of blocks across various locations.

Blockchain is mostly associated with cryptocurrency Bitcoin. Due to the inability to tamper with transactions, advocates say this makes the currency more secure and safer than traditional systems. It is maintained by a network of people referred to as ‘miners’, who receive rewards for solving complex mathematical equations that enable transactions to go through.

However, one of the major problems that has come to light has been the presence of illicit material buried in the Bitcoin blockchain, linking it to the dark web.

Other blockchain platforms can offer things like smart contracts, which are automatically implemented when specific conditions from all interested parties are reached, cutting the time involved and the risk of mistakes. Another use could be storing medical records, as patients can be confident their information cannot be changed. The technology can also be used in supply chains, voting and has the potential to used for storing property records.

Company%20profile
%3Cp%3EName%3A%20Cashew%0D%3Cbr%3EStarted%3A%202020%0D%3Cbr%3EFounders%3A%20Ibtissam%20Ouassif%20and%20Ammar%20Afif%0D%3Cbr%3EBased%3A%20Dubai%2C%20UAE%0D%3Cbr%3EIndustry%3A%20FinTech%0D%3Cbr%3EFunding%20size%3A%20%2410m%0D%3Cbr%3EInvestors%3A%20Mashreq%2C%20others%0D%3C%2Fp%3E%0A
RACE CARD AND SELECTIONS

5pm: Maiden (PA) Dh80,000 1,200m

5,30pm: Wathba Stallions Cup Handicap (PA) Dh70,000 1,200m

6pm: The President’s Cup Listed (TB) Dh380,000 1,400m

6.30pm: The President’s Cup Group One (PA) Dh2,500,000 2,200m

7pm: Arabian Triple Crown Listed (PA) Dh230,000 1,600m

7.30pm: Handicap (PA) Dh80,000 1,400m

 

The National selections

5pm: RB Hot Spot

5.30pm: Dahess D’Arabie

6pm: Taamol

6.30pm: Rmmas

7pm: RB Seqondtonone

7.30pm: AF Mouthirah

MATCH INFO

Syria v Australia
2018 World Cup qualifying: Asia fourth round play-off first leg
Venue: Hang Jebat Stadium (Malacca, Malayisa)
Kick-off: Thursday, 4.30pm (UAE)
Watch: beIN Sports HD

* Second leg in Australia scheduled for October 10

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
TO A LAND UNKNOWN

Director: Mahdi Fleifel

Starring: Mahmoud Bakri, Aram Sabbah, Mohammad Alsurafa

Rating: 4.5/5

SPECS
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E4-litre%20flat-six%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E525hp%20(GT3)%2C%20500hp%20(GT4)%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E465Nm%20(GT3)%2C%20450Nm%20(GT4)%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESeven-speed%20automatic%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh944%2C000%20(GT3)%2C%20Dh581%2C700%20(GT4)%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%0D%3Cbr%3E%3C%2Fp%3E%0A
UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

TEACHERS' PAY - WHAT YOU NEED TO KNOW

Pay varies significantly depending on the school, its rating and the curriculum. Here's a rough guide as of January 2021:

- top end schools tend to pay Dh16,000-17,000 a month - plus a monthly housing allowance of up to Dh6,000. These tend to be British curriculum schools rated 'outstanding' or 'very good', followed by American schools

- average salary across curriculums and skill levels is about Dh10,000, recruiters say

- it is becoming more common for schools to provide accommodation, sometimes in an apartment block with other teachers, rather than hand teachers a cash housing allowance

- some strong performing schools have cut back on salaries since the pandemic began, sometimes offering Dh16,000 including the housing allowance, which reflects the slump in rental costs, and sheer demand for jobs

- maths and science teachers are most in demand and some schools will pay up to Dh3,000 more than other teachers in recognition of their technical skills

- at the other end of the market, teachers in some Indian schools, where fees are lower and competition among applicants is intense, can be paid as low as Dh3,000 per month

- in Indian schools, it has also become common for teachers to share residential accommodation, living in a block with colleagues

In numbers: China in Dubai

The number of Chinese people living in Dubai: An estimated 200,000

Number of Chinese people in International City: Almost 50,000

Daily visitors to Dragon Mart in 2018/19: 120,000

Daily visitors to Dragon Mart in 2010: 20,000

Percentage increase in visitors in eight years: 500 per cent

THE BIO

Ms Davison came to Dubai from Kerala after her marriage in 1996 when she was 21-years-old

Since 2001, Ms Davison has worked at many affordable schools such as Our Own English High School in Sharjah, and The Apple International School and Amled School in Dubai

Favourite Book: The Alchemist

Favourite quote: Failing to prepare is preparing to fail

Favourite place to Travel to: Vienna

Favourite cuisine: Italian food

Favourite Movie : Scent of a Woman

 

 

The specs

Engine: four-litre V6 and 3.5-litre V6 twin-turbo

Transmission: six-speed and 10-speed

Power: 271 and 409 horsepower

Torque: 385 and 650Nm

Price: from Dh229,900 to Dh355,000

Disclaimer

Director: Alfonso Cuaron 

Stars: Cate Blanchett, Kevin Kline, Lesley Manville 

Rating: 4/5

Countries offering golden visas

UK
Innovator Founder Visa is aimed at those who can demonstrate relevant experience in business and sufficient investment funds to set up and scale up a new business in the UK. It offers permanent residence after three years.

Germany
Investing or establishing a business in Germany offers you a residence permit, which eventually leads to citizenship. The investment must meet an economic need and you have to have lived in Germany for five years to become a citizen.

Italy
The scheme is designed for foreign investors committed to making a significant contribution to the economy. Requires a minimum investment of €250,000 which can rise to €2 million.

Switzerland
Residence Programme offers residence to applicants and their families through economic contributions. The applicant must agree to pay an annual lump sum in tax.

Canada
Start-Up Visa Programme allows foreign entrepreneurs the opportunity to create a business in Canada and apply for permanent residence. 

UAE%20athletes%20heading%20to%20Paris%202024
%3Cp%3E%3Cstrong%3EEquestrian%3Cbr%3E%3C%2Fstrong%3EAbdullah%20Humaid%20Al%20Muhairi%2C%20Abdullah%20Al%20Marri%2C%20Omar%20Al%20Marzooqi%2C%20Salem%20Al%20Suwaidi%2C%20and%20Ali%20Al%20Karbi%20(four%20to%20be%20selected).%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E%3Cbr%3EJudo%3Cbr%3E%3C%2Fstrong%3EMen%3A%20Narmandakh%20Bayanmunkh%20(66kg)%2C%20Nugzari%20Tatalashvili%20(81kg)%2C%20Aram%20Grigorian%20(90kg)%2C%20Dzhafar%20Kostoev%20(100kg)%2C%20Magomedomar%20Magomedomarov%20(%2B100kg)%3B%20women's%20Khorloodoi%20Bishrelt%20(52kg).%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E%3Cbr%3ECycling%3Cbr%3E%3C%2Fstrong%3ESafia%20Al%20Sayegh%20(women's%20road%20race).%3Cstrong%3E%3Cbr%3E%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ESwimming%3Cbr%3E%3C%2Fstrong%3EMen%3A%20Yousef%20Rashid%20Al%20Matroushi%20(100m%20freestyle)%3B%20women%3A%20Maha%20Abdullah%20Al%20Shehi%20(200m%20freestyle).%3Cstrong%3E%3Cbr%3E%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EAthletics%3Cbr%3E%3C%2Fstrong%3EMaryam%20Mohammed%20Al%20Farsi%20(women's%20100%20metres).%3C%2Fp%3E%0A
T20 World Cup Qualifier fixtures

Tuesday, October 29

Qualifier one, 2.10pm – Netherlands v UAE

Qualifier two, 7.30pm – Namibia v Oman

Wednesday, October 30

Qualifier three, 2.10pm – Scotland v loser of qualifier one

Qualifier four, 7.30pm – Hong Kong v loser of qualifier two

Thursday, October 31

Fifth-place playoff, 2.10pm – winner of qualifier three v winner of qualifier four

Friday, November 1

Semi-final one, 2.10pm – Ireland v winner of qualifier one

Semi-final two, 7.30pm – PNG v winner of qualifier two

Saturday, November 2

Third-place playoff, 2.10pm

Final, 7.30pm

The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%201.5-litre%204-cylinder%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ECVT%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E119bhp%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E145Nm%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EDh%2C89%2C900%20(%2424%2C230)%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Enow%3C%2Fp%3E%0A
FIXTURES

December 28
Stan Wawrinka v Pablo Carreno Busta, 5pm
Milos Raonic v Dominic Thiem, no earlier then 7pm

December 29 - semi-finals
Rafael Nadal v Stan Wawrinka / Pablo Carreno Busta, 5pm
Novak Djokovic v Milos Raonic / Dominic Thiem, no earlier then 7pm

December 30
3rd/4th place play-off, 5pm
Final, 7pm

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.”

Disposing of non-recycleable masks
    Use your ‘black bag’ bin at home Do not put them in a recycling bin Take them home with you if there is no litter bin
  • No need to bag the mask
Infiniti QX80 specs

Engine: twin-turbocharged 3.5-liter V6

Power: 450hp

Torque: 700Nm

Price: From Dh450,000, Autograph model from Dh510,000

Available: Now

COMPANY PROFILE
Name: Mamo 

 Year it started: 2019 Founders: Imad Gharazeddine, Asim Janjua

 Based: Dubai, UAE

 Number of employees: 28

 Sector: Financial services

 Investment: $9.5m

 Funding stage: Pre-Series A Investors: Global Ventures, GFC, 4DX Ventures, AlRajhi Partners, Olive Tree Capital, and prominent Silicon Valley investors. 

 
Overview

Cricket World Cup League Two: Nepal, Oman, United States tri-series, Tribhuvan University, Kathmandu

Fixtures
Wednesday February 5, Oman v Nepal
Thursday, February 6, Oman v United States
Saturday, February 8, United States v Nepal
Sunday, February 9, Oman v Nepal
Tuesday, February 11, Oman v United States
Wednesday, February 12, United States v Nepal

The specs

Engine: 4.0-litre V8 twin-turbocharged and three electric motors

Power: Combined output 920hp

Torque: 730Nm at 4,000-7,000rpm

Transmission: 8-speed dual-clutch automatic

Fuel consumption: 11.2L/100km

On sale: Now, deliveries expected later in 2025

Price: expected to start at Dh1,432,000

EXPATS
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Lulu%20Wang%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Nicole%20Kidman%2C%20Sarayu%20Blue%2C%20Ji-young%20Yoo%2C%20Brian%20Tee%2C%20Jack%20Huston%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
THE 12 BREAKAWAY CLUBS

England

Arsenal, Chelsea, Liverpool, Manchester City, Manchester United, Tottenham Hotspur

Italy
AC Milan, Inter Milan, Juventus

Spain
Atletico Madrid, Barcelona, Real Madrid

SPEC%20SHEET%3A%20APPLE%20M3%20MACBOOK%20AIR%20(13%22)
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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

Engine: 80 kWh four-wheel-drive

Transmission: eight-speed automatic

Power: 402bhp

Torque: 760Nm

Price: From Dh280,000

Game Changer

Director: Shankar 

Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram

Rating: 2/5

Updated: May 16, 2023, 5:44 AM