Al Qa'eda defector led Saudis to bombs


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SANA'A // A leading al Qa'eda militant in Yemen who surrendered to Saudi Arabia last month provided the tip that led to the thwarting of the mail-bomb plot, Yemeni security officials said yesterday.

The officials said Jabir al Fayfi, a Saudi militant who had joined al Qa'eda in Yemen, told Saudi officials about the plan. Several tribal leaders with knowledge of the situation confirmed al Fayfi's role.

US officials have said an alert from Saudi Arabia led to the interception on Friday of two explosive devices, hidden in packages addressed to Chicago-area synagogues, on planes transiting in Britain and Dubai. Al Qa'eda in the Arabian Peninsula, the terror group's affiliate in Yemen, is suspected of the attempted bombing.

The Saudi newspaper Al-Watan yesterday cited Saudi security officials saying that the kingdom gave US investigators the tracking numbers of the packages.

Saudi Arabia announced this month that Mr al Fayfi had handed himself in. Mr al Fayfi, who is in his mid-30s, had been captured by US forces in Afghanistan. He was held at Guantanamo Bay until early 2007, when he was released to Saudi Arabia.

There, he was put through the kingdom's rehabilitationprogramme for militants. But soon after his release from the programme, he fled to Yemen and joined al Qa'eda there, according to the Saudi Interior Ministry. In September, he contacted Saudi authorities saying he wanted to turn himself in.

In Britain last night, the government extended its ban on air cargo movements to Somalia . On Saturday, it stopped freight originating from Yemen coming to the UK.

The home secretary, Theresa May, told parliament that the extension of the ban was based on "possible contact between al Qa'eda in Yemen and terrorist groups in Somalia, as well as concern about airport security in Mogadishu".

Mrs May also announced that passengers would henceforth be forbidden to bring printer cartridges on to planes at British airports and that no cargo containing the cartridges would be accepted unless being shipped by recognised suppliers with screening procedures acceptable to the government.

Also yesterday, the British prime minister David Cameron told MPs that the country had to take every possible step to "cut out the terrorist cancer" that exists in the Arabian Peninsula. "While we are rightly engaged in Afghanistan to deny the terrorists there, the threat from the Arabian Peninsula, and from Yemen in particular, has grown," he said.

Meanwhile, teams of US anti-terrorism and security experts are headed to Yemen to help search for suspects in the plot and to train cargo screeners at the Sana'a airport.

The White House's top counterterrorism official, deputy national security adviser John Brennan, told Yemen's president on Sunday that his country has the lead in responding to the terrorists, according to a top Yemeni official.

The brief phone conversation between Mr Brennan and Yemeni President Ali Abdullah Saleh came as Brennan led a team of national security and intelligence officials in a second day of meetings assessing the best options for striking back at the militants suspected of trying to mail the packages. Officials say the powerful bombs containing industrial-grade explosives and may have been aimed at bringing down the planes.

The Yemen-based al Qa'eda in the Arabian Peninsula has been linked to the plot because of the use of the explosive PETN, which was used by the group in last Christmas Day's bombing attempt of a Detroit-bound airliner. US authorities also had intelligence that Yemeni al Qa'eda was planning this operation, according to a US official.

While the close calls with the package bombs expose another weakness in international security that could endanger the US, the incident also presents an opportunity for the White House to persuade Yemen to widen its war on terror by allowing the Americans a more active role.

* Associated Press

* With additional reporting by David Sapsted in London

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AGL AWARDS

Golden Ball - best Emirati player: Khalfan Mubarak (Al Jazira)
Golden Ball - best foreign player: Igor Coronado (Sharjah)
Golden Glove - best goalkeeper: Adel Al Hosani (Sharjah)
Best Coach - the leader: Abdulaziz Al Anbari (Sharjah)
Fans' Player of the Year: Driss Fetouhi (Dibba)
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5 of the most-popular Airbnb locations in Dubai

Bobby Grudziecki, chief operating officer of Frank Porter, identifies the five most popular areas in Dubai for those looking to make the most out of their properties and the rates owners can secure:

• Dubai Marina

The Marina and Jumeirah Beach Residence are popular locations, says Mr Grudziecki, due to their closeness to the beach, restaurants and hotels.

Frank Porter’s average Airbnb rent:
One bedroom: Dh482 to Dh739 
Two bedroom: Dh627 to Dh960 
Three bedroom: Dh721 to Dh1,104

• Downtown

Within walking distance of the Dubai Mall, Burj Khalifa and the famous fountains, this location combines business and leisure.  “Sure it’s for tourists,” says Mr Grudziecki. “Though Downtown [still caters to business people] because it’s close to Dubai International Financial Centre."

Frank Porter’s average Airbnb rent:
One bedroom: Dh497 to Dh772
Two bedroom: Dh646 to Dh1,003
Three bedroom: Dh743 to Dh1,154

• City Walk

The rising star of the Dubai property market, this area is lined with pristine sidewalks, boutiques and cafes and close to the new entertainment venue Coca Cola Arena.  “Downtown and Marina are pretty much the same prices,” Mr Grudziecki says, “but City Walk is higher.”

Frank Porter’s average Airbnb rent:
One bedroom: Dh524 to Dh809 
Two bedroom: Dh682 to Dh1,052 
Three bedroom: Dh784 to Dh1,210 

• Jumeirah Lake Towers

Dubai Marina’s little brother JLT resides on the other side of Sheikh Zayed road but is still close enough to beachside outlets and attractions. The big selling point for Airbnb renters, however, is that “it’s cheaper than Dubai Marina”, Mr Grudziecki says.

Frank Porter’s average Airbnb rent:
One bedroom: Dh422 to Dh629 
Two bedroom: Dh549 to Dh818 
Three bedroom: Dh631 to Dh941

• Palm Jumeirah

Palm Jumeirah's proximity to luxury resorts is attractive, especially for big families, says Mr Grudziecki, as Airbnb renters can secure competitive rates on one of the world’s most famous tourist destinations.

Frank Porter’s average Airbnb rent:
One bedroom: Dh503 to Dh770 
Two bedroom: Dh654 to Dh1,002 
Three bedroom: Dh752 to Dh1,152 

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1. Black holes are objects whose gravity is so strong not even light can escape their pull

2. They can be created when massive stars collapse under their own weight

3. Large black holes can also be formed when smaller ones collide and merge

4. The biggest black holes lurk at the centre of many galaxies, including our own

5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed

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Started: September 2023
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UAE currency: the story behind the money in your pockets

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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A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.

THREE POSSIBLE REPLACEMENTS

Khalfan Mubarak
The Al Jazira playmaker has for some time been tipped for stardom within UAE football, with Quique Sanchez Flores, his former manager at Al Ahli, once labelling him a “genius”. He was only 17. Now 23, Mubarak has developed into a crafty supplier of chances, evidenced by his seven assists in six league matches this season. Still to display his class at international level, though.

Rayan Yaslam
The Al Ain attacking midfielder has become a regular starter for his club in the past 15 months. Yaslam, 23, is a tidy and intelligent player, technically proficient with an eye for opening up defences. Developed while alongside Abdulrahman in the Al Ain first-team and has progressed well since manager Zoran Mamic’s arrival. However, made his UAE debut only last December.

Ismail Matar
The Al Wahda forward is revered by teammates and a key contributor to the squad. At 35, his best days are behind him, but Matar is incredibly experienced and an example to his colleagues. His ability to cope with tournament football is a concern, though, despite Matar beginning the season well. Not a like-for-like replacement, although the system could be adjusted to suit.

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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. 

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