The family of a British mother living in Dubai have confirmed her death in the recent Sri Lankan bombings.
Lorraine Campbell, from Manchester, was killed when attackers bombed the Cinnamon Grand Hotel in Colombo on Easter Sunday.
Ms Campbell, 55, travelled Sri Lanka for work with Al-Futtaim Group, a large conglomerate in the UAE. Her Indian colleague Juno Srivastava is missing.
Both were believed to have been having breakfast close to where the blast occurred.
"It is with great sadness that the family of Lorraine Campbell wish to inform that she was involved in the bombing of the Cinnamon Grand Hotel, Colombo, Sri Lanka, and sadly lost her life," a statement from her family said.
"Lorraine, known to most people as Loz, was a woman who embraced life to the full and meant so much to so many people, and there will forever be an enormous void that will never now be filled.
"Loz was a wife, mother, sister and aunt, and a close friend to so many people, having risen through the ranks of the IT world, working in cities in the UK and abroad.
"Her husband, Neil Evans, is overwhelmed and comforted by the outpouring of kindness from all corners of their world."
Only weeks ago, Ms Campbell paid tribute to Mr Srivastava on LinkedIn after he won a company award. The pair are said to have been close friends.
“Massive congratulations for winning the Al-Futtaim Vice Chairman’s Values award,” she wrote. “A fantastic achievement, Juno Srivastava, and very well deserved.”
On Wednesday, Al-Futtaim Group refused to comment on the two staff members, saying it was a “private matter”.
But an internal memo to staff from a senior executive said Ms Campbell had died and that Mr Srivastava was officially listed as missing.
“It is with a heavy heart I inform you that two of our colleagues were caught up in Sunday’s terror attacks in Sri Lanka,” the memo said.
"Both were in Sri Lanka on business travel. Lorraine tragically lost her life. Juno has been officially listed as missing.
“In these difficult moments, my thoughts are with the families. I assure you that we are extending every possible support to them to cope with the tragic developments.
"I also want to extend my sincere condolences to any of you who have lost loved ones, family or friends in the attacks."
Mr Evans said he was in a state of disbelief after the tragedy.
“Lorraine was a real tour de force," he said. "She epitomised the qualities she lived by and was a conduit for bringing people together to both make things happen, and make them better.
“I’ve lost my best friend in the world for all the adventures we shared and planned for the future.
“I, Lorraine’s family and friends are in a state of disbelief and grief for what has happened, and as such would respectfully ask that our privacy at this difficult time is respected.”
Ms Campbell's son, Mark Campbell, told the Daily Mail: "I have been told it is her although she has got to be formally identified. I know it is my mum. She has been taken from us in a terrible way."
Ms Campbell moved to Dubai last year, where she planned to save money for her retirement.
She had been worried about travelling to Sri Lanka because of the risk of catching dengue fever, her son said.
“She was quite worked up about it but I told her she would be all right,” said Mr Campbell, 32. “I never thought something like this could happen.
“Mum was amazing. She touched everyone she met and all those people now have a huge hole in their lives.
“I saw her only a couple of weeks ago when she came back for Mother’s Day, which was really nice.
“She had only been in Sri Lanka for a day for work. I think her company had some dealers or suppliers she needed to meet.”
Mr Srivastava also taught at the Dubai campus of the UK's Middlesex University. He moved to Dubai from Cairo in 2011.
Razeena Kukkady, 58, a mother of two who lived in Dubai, was killed at the Shangri-La Hotel, another of the luxury hotels that were bombed along with churches on Easter Sunday.
Lakshan Rodrigo, who spent 13 years in the UAE before moving back to his native Sri Lanka to take a job at the Shangri-La in 2016, died while on duty at the hotel.
They are among more than 350 people who were killed in the co-ordinated bombings.
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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Engine: 2-litre TSI petrol
Power: 190hp
Torque: 320Nm
Price: From Dh147,000
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Results
First Test, Brisbane: Australia won by 10 wickets
Second Test, Adelaide: Australia won by 120 runs
Third Test, Perth: Australia won by an innings and 41 runs
Fourth Test: Melbourne: Drawn
Fifth Test: Australia won by an innings and 123 runs
Defence review at a glance
• Increase defence spending to 2.5% of GDP by 2027 but given “turbulent times it may be necessary to go faster”
• Prioritise a shift towards working with AI and autonomous systems
• Invest in the resilience of military space systems.
• Number of active reserves should be increased by 20%
• More F-35 fighter jets required in the next decade
• New “hybrid Navy” with AUKUS submarines and autonomous vessels
Pots for the Asian Qualifiers
Pot 1: Iran, Japan, South Korea, Australia, Qatar, United Arab Emirates, Saudi Arabia, China
Pot 2: Iraq, Uzbekistan, Syria, Oman, Lebanon, Kyrgyz Republic, Vietnam, Jordan
Pot 3: Palestine, India, Bahrain, Thailand, Tajikistan, North Korea, Chinese Taipei, Philippines
Pot 4: Turkmenistan, Myanmar, Hong Kong, Yemen, Afghanistan, Maldives, Kuwait, Malaysia
Pot 5: Indonesia, Singapore, Nepal, Cambodia, Bangladesh, Mongolia, Guam, Macau/Sri Lanka
Semi-final fixtures
Portugal v Chile, 7pm, today
Germany v Mexico, 7pm, tomorrow
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The flights
Etihad and Emirates fly direct from the UAE to Delhi from about Dh950 return including taxes.
The hotels
Double rooms at Tijara Fort-Palace cost from 6,670 rupees (Dh377), including breakfast.
Doubles at Fort Bishangarh cost from 29,030 rupees (Dh1,641), including breakfast. Doubles at Narendra Bhawan cost from 15,360 rupees (Dh869). Doubles at Chanoud Garh cost from 19,840 rupees (Dh1,122), full board. Doubles at Fort Begu cost from 10,000 rupees (Dh565), including breakfast.
The tours
Amar Grover travelled with Wild Frontiers. A tailor-made, nine-day itinerary via New Delhi, with one night in Tijara and two nights in each of the remaining properties, including car/driver, costs from £1,445 (Dh6,968) per person.
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Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
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- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
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