In reference to Emile Hokayem's opinion article On Iran, no easy answers for Mrs Clinton or the Gulf (February 17), isn't the script familiar? Do not the US secretary of state Hillary Clinton's statements echo her predecessor's remarks before the invasion of Iraq in 2003? The same game plan seems to be in the offing. Iran is building nuclear weapons, Iran is a rogue state, Iran is supporting terrorism, Iran is a threat to its neighbours. The latest in the list of accusations is that Iran is heading towards a military dictatorship.
There is so much similarity in the US preparations to build a case to wage war against Iraq and Iran. When and how this game plan is executed and what will be the consequences and fallout from this, only time will tell. And time, it appears, is not favouring the US president Barack Obama. He has yet to fulfil the assurances he made to the Arabs on the Palestinian-Israeli issue. Israel is as determined as it has been all these years to go ahead with its settlements. Despite the US pressure it is moving fast with building more and more new settlements on annexed land.
The US administration does not to want to lose what little goodwill it has earned from the early assurances given by Obama. So the bugaboo is that Iran becoming a nuclear threat to the region. It is more of "crying wolf" to divert the attention of the Arab states. Israel also wants time to complete its plan of developing as many as possible settlements on annexed territory. Iran by its stubbornness and intransigent stand on its nuclear ambitions is providing that space and time.
Syed Qamer Hasan, Abu Dhabi
In reference to the article Photography lesson: shoot at sunset, go to jail (February 16), my heart goes out to MA who was jailed for photographing the Abu Dhabi Mina area. As a photographer myself I am dismayed. In most other countries the general rule is: if a photograph can be taken from a point on public land or from private property that could be legally accessed by the average person, then it is fair game for any photographer. While there are grey areas which are exploited by paparazzi, this rule generally works well.
If governments or the military have areas of high security, they really should hide them better. A quick search of Google Maps will give anyone with access to the internet satellite shots of all these "secure" locations.
Mark Thompson, Abu Dhabi
There is often more information available to the police in security matters than there is to the public. All nations have their security protocols and photography of sensitive areas is commonly dealt with in the same manner. It might not get as much press attention in the West, but individuals regularly have their cameras confiscated for the very same reasons. The police will be investigating the matter, and will probably give the camera back once they are certain of the individual's intent. I am happy the police are active in the protection of state sensitive areas. It means those with bad intentions are less likely to be able to attain the information they need.
Kudos to Abu Dhabi police. MA broke the law, end of story. Their priority is, and should always be, security and protection of the state and its people. Security should not be built upon whether an individual's feelings are hurt or not, but on the greater well-being of the state and its inhabitants.
BuAhmed al Hashimi, Abu Dhabi
I am an avid reader of Mishaal al Gergawi's work and always respect his balanced views on social issues. However, I must profess surprise at some of the concepts raised in his letter to the editor Frame terms for citizenship carefully (February 16). First, the comparison of the UAE to western countries like the US, Canada and Australia is noted, however I think we need to consider the position of the UAE as a first-world country. First World countries have highly developed economies and human development indices by definition. The UAE has achieved self confidence as an example of adaptation and malleability in order to stand on the world stage in IT (Gitex), sport (golf, horse racing, tennis) and top quality manufacturing (Dubal). Why then is the matter of naturalisation so gingerly approached every time?
Historically speaking, my understanding was that originally when Pakistani (Balochi), Indian and Iranian nationals moved here, there was no boom time whatsoever. In those days the official currency of exchange was the rupee. I concur that people leave their place of birth for a plethora of reasons and these may be examined in subsequent articles. Second, Mr Al Gergawi has raised the issue of embracing cultural practices including language, yet how can one expect any form of integration when, by law, one is not allowed to wear the national dress?
Unofficially, I am sure that many locals would cautiously welcome an integration of other nationalities to be part of the UAE's growth, moving forward together for the simple reason that we need to have a diverse population contributing different ideas and skill sets.
Faysal Khan, Abu Dhabi
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
Emergency
Director: Kangana Ranaut
Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry
Rating: 2/5
Game Changer
Director: Shankar
Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram
Rating: 2/5
How to avoid crypto fraud
- Use unique usernames and passwords while enabling multi-factor authentication.
- Use an offline private key, a physical device that requires manual activation, whenever you access your wallet.
- Avoid suspicious social media ads promoting fraudulent schemes.
- Only invest in crypto projects that you fully understand.
- Critically assess whether a project’s promises or returns seem too good to be true.
- Only use reputable platforms that have a track record of strong regulatory compliance.
- Store funds in hardware wallets as opposed to online exchanges.
More from Neighbourhood Watch
The%20specs
%3Cp%3E%3Cstrong%3EPowertrain%3A%20%3C%2Fstrong%3ESingle%20electric%20motor%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E201hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E310Nm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESingle-speed%20auto%0D%3Cbr%3E%3Cstrong%3EBattery%3A%20%3C%2Fstrong%3E53kWh%20lithium-ion%20battery%20pack%20(GS%20base%20model)%3B%2070kWh%20battery%20pack%20(GF)%0D%3Cbr%3E%3Cstrong%3ETouring%20range%3A%20%3C%2Fstrong%3E350km%20(GS)%3B%20480km%20(GF)%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh129%2C900%20(GS)%3B%20Dh149%2C000%20(GF)%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20Now%3C%2Fp%3E%0A
The specs
Engine: Direct injection 4-cylinder 1.4-litre
Power: 150hp
Torque: 250Nm
Price: From Dh139,000
On sale: Now
Cricket World Cup League 2
UAE results
Lost to Oman by eight runs
Beat Namibia by three wickets
Lost to Oman by 12 runs
Beat Namibia by 43 runs
UAE fixtures
Free admission. All fixtures broadcast live on icc.tv
Tuesday March 15, v PNG at Sharjah Cricket Stadium
Friday March 18, v Nepal at Dubai International Stadium
Saturday March 19, v PNG at Dubai International Stadium
Monday March 21, v Nepal at Dubai International Stadium
The specs
Engine: Four electric motors, one at each wheel
Power: 579hp
Torque: 859Nm
Transmission: Single-speed automatic
Price: From Dh825,900
On sale: Now
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.”
How to help
Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
2252 – Dh 50
6025 – Dh20
6027 – Dh 100
6026 – Dh 200
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.