Long before the world became aware of Osama bin Laden, there was another global militant whose nickname was enough to spread fear throughout the many countries where he operated.
As Ilitch Ramirez Sanchez, son of a rich Marxist Venezuelan lawyer, he was relatively little known.
As Carlos the Jackal, he built a reputation for unbounded ruthlessness, a man willing to seize hostages, kill investigators, hijack planes, bomb bars, sabotage trains and blow up radio, newspaper and tourism offices in pursuit of causes ranging from Palestine to Cold War score-settling.
Now, 14 years after a French court jailed him for life for some of his crimes, Ramirez is once again on trial in Paris for murder.
This time, he faces further life sentences for four bomb attacks in France in 1982 and 1983 that killed 11 people and injured almost 200.
With his trademark defiance, Ramirez, now 62, declared at the opening of his trial in the courtroom beside the Seine: "I am a professional revolutionary by profession … of the Leninist tradition."
Ramirez - the codename Carlos was given to him Bassam Abu Sharif, the Yasser Arafat aide who recruited him to the militant Palestinian cause - was originally tried in France in 1997 for killing two French intelligence officers and a Lebanese informer in 1975.
He denied involvement and blamed it on the Israeli secret service, Mossad, but was convicted.
That trial was possible because Ramirez's years on the run, and his long career, had ended in Khartoum in 1994 when Franco-Sudanese collaboration led to an elaborate ploy to smuggle him to France.
Supporters insist his capture in Sudan, where he thought himself safe, was kidnapping.
Among Ramirez's champions is Isabelle Coutant-Peyre, who not only acts as his lawyer in the new trial but, in 2001, went through a Muslim marriage with him after he converted to Islam in jail. The union is invalid in France because both were married to other people at the time.
She said outside the court, where Palestinians also demonstrated support for him, there was no justification for trying him for events of almost three decades ago.
French prosecutors, she said when the trial began last week, were acting for "propaganda or some other interests rather than those of justice".
Ramirez denies ordering or masterminding the atrocities, although prosecutors are expected to make much - as they did in 1997 - of the various admissions attributed to him over the years.
In one of the bombings, five people died on a Paris-Toulouse high-speed train in March 1982. The attack occurred a few days after the deadline for the release of two members of Ramirez's revolutionary group. A letter demanding their freedom was sent to the French embassy in the Netherlands and allegedly contained his fingerprints.
At his previous trial, Ramirez said: "When one wages war for 30 years, there is a lot of blood spilled, mine and others. We never killed anyone for money, but for a cause, the liberation of Palestine."
Precisely how many crimes he has committed is the subject of much speculation.
The most spectacular act laid at his door is the one he cannot deny, since he personally led the operation. This was the seizure of 63 hostages, including oil ministers, at the Vienna headquarters of Opec in December 1975.
Three people - an Iraqi employee, a Libyan delegate and an Austrian police officer - were killed and Ramirez was suspected of planning to murder two of the seized ministers, Ahmed Zaki Yamani of Saudi Arabia and Iran's Jamshid Amuzegar.
Ramirez was also accused of involvement in the hijacking in 1976 of a French aircraft which ended when Israeli commandoes led by Yonatan Netanyahu, brother of the Israeli prime minister, stormed the terminal where the hostages were being held at Entebbe, Uganda.
Some months after Entebbe, Ramirez settled in what was then the socialist state of South Yemen. But his interests were to extend beyond the Palestinian cause; he found kindred spirits within the Stasi, communist East Germany's secret police.
A British newspaper The Independent reported last year that among Stasi files studied by German officials was evidence Ramirez was set up in East Berlin with his own offices and allowed to carry an automatic pistol.
He is suspected of having used this base to plan several attacks on European targets, including bombing Radio Free Europe's Munich offices in 1981 and a French cultural centre in West Berlin two years later.
The opening days of the trial have added new pieces to the Ramirez jigsaw. He told the court he had four children, not one as was believed, all with different mothers.
After fighting with the PFLP in the north of Jordan during the Black September conflict of 1970, he added, he conducted hundreds of operations between 1971 and 1976, though he would not say what these were. And he then created the Organisation of International Revolutionaries whose members would meet at the café at the Sorbonne for discussion and to smoke hashish. As a fugitive he had used hundreds of fake passports.
The trial is expected to continue until December 16.
foreign.des@thenational.ae
What is a robo-adviser?
Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.
These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.
Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.
Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.
Ziina users can donate to relief efforts in Beirut
Ziina users will be able to use the app to help relief efforts in Beirut, which has been left reeling after an August blast caused an estimated $15 billion in damage and left thousands homeless. Ziina has partnered with the United Nations High Commissioner for Refugees to raise money for the Lebanese capital, co-founder Faisal Toukan says. “As of October 1, the UNHCR has the first certified badge on Ziina and is automatically part of user's top friends' list during this campaign. Users can now donate any amount to the Beirut relief with two clicks. The money raised will go towards rebuilding houses for the families that were impacted by the explosion.”
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 State of Passion
Directors: Carol Mansour and Muna Khalidi
Stars: Dr Ghassan Abu-Sittah
Rating: 4/5
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Explainer: Tanween Design Programme
Non-profit arts studio Tashkeel launched this annual initiative with the intention of supporting budding designers in the UAE. This year, three talents were chosen from hundreds of applicants to be a part of the sixth creative development programme. These are architect Abdulla Al Mulla, interior designer Lana El Samman and graphic designer Yara Habib.
The trio have been guided by experts from the industry over the course of nine months, as they developed their own products that merge their unique styles with traditional elements of Emirati design. This includes laboratory sessions, experimental and collaborative practice, investigation of new business models and evaluation.
It is led by British contemporary design project specialist Helen Voce and mentor Kevin Badni, and offers participants access to experts from across the world, including the likes of UK designer Gareth Neal and multidisciplinary designer and entrepreneur, Sheikh Salem Al Qassimi.
The final pieces are being revealed in a worldwide limited-edition release on the first day of Downtown Designs at Dubai Design Week 2019. Tashkeel will be at stand E31 at the exhibition.
Lisa Ball-Lechgar, deputy director of Tashkeel, said: “The diversity and calibre of the applicants this year … is reflective of the dynamic change that the UAE art and design industry is witnessing, with young creators resolute in making their bold design ideas a reality.”