DUBAI // Two brothers smashed a bottle over the head of a policeman as they were being arrested for trying to smuggle more than Dh100,000 worth of alcohol from Dubai to Saudi Arabia, a court heard yesterday.
WS, 27, and WS, 29, from Syria, were charged with the illegal possession of alcoholic drinks with intent to distribute.
The men, who pleaded not guilty, also were charged with assaulting a public official on duty. Prosecutors said the two attacked the officers who attempted to arrest them during a sting operation. One of the arresting officers was hit over the head with a glass bottle and left with permanent scarring.
According to public prosecution records, the brothers, who ran a trucking business, offered a man Dh50,000 to take a truck carrying 7,560 bottles of alcohol from Dubai to Saudi Arabia. The drink was due to be smuggled on May 15.
The man alerted police, claiming the brothers had offered him a driving job for Dh3,000 per trip and asked if he were interested in participating in a smuggling operation.
CID officers from Rashidiya Police Station set up a sting operation and told the informant to drive the lorry full of alcohol to a meeting with the defendants in the Nad Al Hamar district near Ras Al Khor.
When the brothers arrived, records show, police officers emerged and showed their badges. "They attempted to escape when we presented ourselves," said one of the arresting officers. "We saw them attack the sergeant with a glass bottle, breaking it on his head."
Proceedings will continue on August 24.
In a separate alcohol-related case, a Mali man facing charges of illegally possessing more than 1,500 bottles of alcohol claims he was merely at a friend's flat to watch the World Cup.
The defendant, OM, 40, was charged, along with two Ugandan men and a Nigerian, with illegal possession of alcohol with intent to distribute.
OM told the court that when police raided the flat, which doubled as an alcohol store, he was there to watch a football match.
The men, who appeared before the Dubai Court of Misdemeanours, pleaded not guilty to possessing 1,497 beers and 113 bottles of spirits. The men also were charged with illegally residing in the country.
The arrests came after police raided the flat in the Al Baraha district of Deira on June 13. An officer told prosecutors he became suspicious of a Ugandan man carrying a large plastic bag near his patrol car.
"He looked anxious and nervous when he saw me, so I stopped him and asked what was inside the bag," said the officer.
"When he opened it, I found bottles of alcohol," he told prosecutors. "I found more bottles inside his car. When I questioned him, he told me he and the other defendants were trading in alcohol and had a store in their flat."
The officer called for assistance and raided the flat, where they found the other three defendants watching the football.
In his defence, OM told prosecutors he had a deal with the African woman who owned the flat.
"I pay the owner of the flat for my meals. On that day I had gone there to watch a Ghana match against Serbia when police arrived," prosecutors said he told them.
He told the court the African woman left the flat before the police raid and said, while he knew the others were trading in alcohol, he had no participation.
The court will issue its verdict next week.
@Email:amustafa@thenational.ae
The Perfect Couple
Starring: Nicole Kidman, Liev Schreiber, Jack Reynor
Creator: Jenna Lamia
Rating: 3/5
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.”
Liverpool’s fixtures until end of 2019
Saturday, November 30, Brighton (h)
Wednesday, December 4, Everton (h)
Saturday, December 7, Bournemouth (a)
Tuesday, December 10, Salzburg (a) CL
Saturday, December 14, Watford (h)
Tuesday, December 17, Aston Villa (a) League Cup
Wednesday, December 18, Club World Cup in Qatar
Saturday, December 21, Club World Cup in Qatar
Thursday, December 26, Leicester (a)
Sunday, December 29, Wolves (h)
The biog
Name: Marie Byrne
Nationality: Irish
Favourite film: The Shawshank Redemption
Book: Seagull by Jonathan Livingston
Life lesson: A person is not old until regret takes the place of their dreams
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Israel Palestine on Swedish TV 1958-1989
Director: Goran Hugo Olsson
Rating: 5/5
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Third Test, Day 2
New Zealand 274
Pakistan 139-3 (61 ov)
Pakistan trail by 135 runs with 7 wickets remaining in the innings
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Brief scoreline:
Tottenham 1
Son 78'
Manchester City 0
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Director: Christian Carion
Starring: James McAvoy, Claire Foy, Tom Cullen, Gary Lewis
Rating: 2/5
THURSDAY'S ORDER OF PLAY
Centre Court
Starting at 10am:
Lucrezia Stefanini v Elena Rybakina (6)
Aryna Sabalenka (4) v Polona Hercog
Sofia Kenin (1) v Zhaoxuan Yan
Kristina Mladenovic v Garbine Muguruza (5)
Sorana Cirstea v Karolina Pliskova (3)
Jessica Pegula v Elina Svitolina (2)
Court 1
Starting at 10am:
Sara Sorribes Tormo v Nadia Podoroska
Marketa Vondrousova v Su-Wei Hsieh
Elise Mertens (7) v Alize Cornet
Tamara Zidansek v Jennifer Brady (11)
Heather Watson v Jodie Burrage
Vera Zvonareva v Amandine Hesse
Court 2
Starting at 10am:
Arantxa Rus v Xiyu Wang
Maria Kostyuk v Lucie Hradecka
Karolina Muchova v Danka Kovinic
Cori Gauff v Ulrikke Eikeri
Mona Barthel v Anastasia Gasanova
Court 3
Starting at 10am:
Kateryna Bondarenko v Yafan Wang
Aliaksandra Sasnovich v Anna Bondar
Bianca Turati v Yaroslava Shvedova
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Company name: baraka
Started: July 2020
Founders: Feras Jalbout and Kunal Taneja
Based: Dubai and Bahrain
Sector: FinTech
Initial investment: $150,000
Current staff: 12
Stage: Pre-seed capital raising of $1 million
Investors: Class 5 Global, FJ Labs, IMO Ventures, The Community Fund, VentureSouq, Fox Ventures, Dr Abdulla Elyas (private investment)
Our family matters legal consultant
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Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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