Dubai Marina, where the incident took place. Getty
Dubai Marina, where the incident took place. Getty
Dubai Marina, where the incident took place. Getty
Dubai Marina, where the incident took place. Getty

UAE

Dubai to deport group involved in naked video shoot

Investigation is complete and no further comment to be made, authorities say

The National

April 06, 2021

  • English
  • Arabic

Related: Dubai Police make arrests after women appear naked in balcony video

Dubai will deport a group of people after an incident on the balcony of a Dubai Marina apartment.

The emirate on Tuesday said Public Prosecution completed the investigation and those involved would be deported.

Essam Al Humaidan, Dubai's Attorney General, said the widely publicised photo shoot breached UAE law.

The group of men and women – believed to be chiefly from eastern Europe – were charged with public indecency and storing images of a pornographic nature.

“The individuals involved will be deported from the United Arab Emirates. No further comment shall be made on the matter,” authorities said.

It came after footage was shared on Twitter of a large group of women posing naked on the balcony of a penthouse apartment.

Russia’s consulate general had previously said the male cameraman behind the shoot, who is being held by police, is a Russian citizen, but said none of the women were.

Consular officials said although some of the detained women spoke Russian, they were not citizens of the Russian Federation.

Police did not identify those detained.

Dubai Marina area guide – in pictures

  • The impressive skyline in Dubai Marina is made up of 152 imposing towers. Pawan Singh / The National
    The impressive skyline in Dubai Marina is made up of 152 imposing towers. Pawan Singh / The National
  • Dubai Marina has some pet-friendly areas where owners can walk their pets on a leash.
    Dubai Marina has some pet-friendly areas where owners can walk their pets on a leash.
  • The winding marina walk, which snakes 3.6km through the impressive residential and commercial towers, is home to more than 600 boats and yachts. Pawan Singh / The National
    The winding marina walk, which snakes 3.6km through the impressive residential and commercial towers, is home to more than 600 boats and yachts. Pawan Singh / The National
  • A view of one of the Careem bike stations in Dubai Marina.
    A view of one of the Careem bike stations in Dubai Marina.
  • The total length of the promenade in Dubai Marina is just shy of 8km and there are plenty of stopping points along the way, from coffee shops to cafes and more.
    The total length of the promenade in Dubai Marina is just shy of 8km and there are plenty of stopping points along the way, from coffee shops to cafes and more.
  • The majority of residential towers in Dubai Marina offer incredible views, have their own swimming pools, gyms, parks and sometimes BBQ areas for residents to enjoy.
    The majority of residential towers in Dubai Marina offer incredible views, have their own swimming pools, gyms, parks and sometimes BBQ areas for residents to enjoy.
  • Dubai Marina is one of the most well connected neighbourhoods in the city. If boasts great public transport options including Dubai Metro, Dubai Tram and Dubai Water Bus
    Dubai Marina is one of the most well connected neighbourhoods in the city. If boasts great public transport options including Dubai Metro, Dubai Tram and Dubai Water Bus
  • This popular bustling neighbourhood bagged the title of Top 10 most Instagrammable spots in the city by Bayut.com in 2018.
    This popular bustling neighbourhood bagged the title of Top 10 most Instagrammable spots in the city by Bayut.com in 2018.
The Lowdown

Kesari

Rating: 2.5/5 stars
Produced by: Dharma Productions, Azure Entertainment
Directed by: Anubhav Singh
Cast: Akshay Kumar, Parineeti Chopra

 

How much of your income do you need to save?

The more you save, the sooner you can retire. Tuan Phan, a board member of SimplyFI.com, says if you save just 5 per cent of your salary, you can expect to work for another 66 years before you are able to retire without too large a drop in income.

In other words, you will not save enough to retire comfortably. If you save 15 per cent, you can forward to another 43 working years. Up that to 40 per cent of your income, and your remaining working life drops to just 22 years. (see table)

Obviously, this is only a rough guide. How much you save will depend on variables, not least your salary and how much you already have in your pension pot. But it shows what you need to do to achieve financial independence.

 

SPEC%20SHEET%3A%20APPLE%20M3%20MACBOOK%20AIR%20(13%22)
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BUNDESLIGA FIXTURES

Friday (all kick-offs UAE time)

Hertha Berlin v Union Berlin (10.30pm)

Saturday

Freiburg v Werder Bremen (5.30pm)

Paderborn v Hoffenheim (5.30pm)

Wolfsburg v Borussia Dortmund (5.30pm)

Borussia Monchengladbach v Bayer Leverkusen (5.30pm)

Bayern Munich v Eintracht Frankfurt (5.30pm)

Sunday

Schalke v Augsburg (3.30pm)

Mainz v RB Leipzig (5.30pm)

Cologne v Fortuna Dusseldorf (8pm)

 

 

MOUNTAINHEAD REVIEW

Starring: Ramy Youssef, Steve Carell, Jason Schwartzman

Director: Jesse Armstrong

Rating: 3.5/5

BORDERLANDS

Starring: Cate Blanchett, Kevin Hart, Jamie Lee Curtis

Director: Eli Roth

Rating: 0/5

Company%20profile
%3Cp%3E%3Cbr%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Khodar%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Cairo%20and%20Alexandria%2C%20in%20Egypt%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Ayman%20Hamza%2C%20Yasser%20Eidrous%20and%20Amr%20El%20Sheikh%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20agriculture%20technology%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%24500%2C000%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Saudi%20Arabia%E2%80%99s%20Revival%20Lab%20and%20others%3Cbr%3E%3Cstrong%3EEmployees%3A%3C%2Fstrong%3E%2035%3C%2Fp%3E%0A
The specs

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

On sale: Now

Main report

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.”

Our legal consultants

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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