A restaurant in Malaysia called McCurry won its battle with the American fast food chain McDonald's. A court in Kuala Lumpur ruled against a claim by the burger chain that McCurry had committed a trademark infringement and was trying to pass itself off as part of the McDonald's global empire. The owners insisted that the "Mc" prefix stood merely for "Malaysian chicken" but say they may now open more McCurrys.
Aides for Nicolas Sarkozy ordered short people to stand behind the diminutive President of France while he made a speech, to make him look taller. The group was hand-picked from the 1,400-strong workforce as Mr Sarkozy gave a televised speech at the motor technology factory in Normandy. Presidential officials were said to be anxious to avoid a repeat of a previous visit to Normandy for the anniversary of the D-Day landings when the 167cm tall president was filmed standing next to the 186cm Barack Obama.
New weapons to fight Somali pirates were unveiled at an exhibition of defence equipment in London. They included the Laser Dazzle System that can cause temporary blindness to incapacitate pirates from up to 915 metres away.
Other non-lethal devices offered to ship owners included a radar that can track a rubber dingy at 15 miles and a second invention that sends a signal to shut down its engine.
Intelligence reports claimed that Israel was involved in the mysterious disappearance of a Russian cargo ship. The Maltese flagged Arctic Sea was discovered off the coast of West Africa last month after reports that it had been taken hostage by pirates. A number of men were said to have been arrested and charged by the Russians, who intercepted the ship. Several reports, apparently confirmed in Tel Aviv, now say that the Arctic Sea was carrying a Russian-made air-defence system for Iran rather than a cargo of timber for Algeria. Israeli intelligence is said to have tipped off the Russians, who created the piracy story as a way to divert the ship and remove the surface-to-air missile system.
Flash floods in Turkey that followed the heaviest rain in 80 years left at least 30 people dead, with many still missing. Istanbul and the north west of the country were the worst hit, with 13 lorry drivers killed in a single incident, when storm waters swept through a vehicle park. Elsewhere, seven women on their way to work in a suburb of Istanbul were drowned when their minibus was overwhelmed.
A giant woolly rat and a frog with fangs were discovered living in an extinct volcano in Papua New Guinea. The Bosavi woolly rat, which weighs more than 1.5 kilos and is the size of domestic cat, was found by a BBC film crew, along with around 40 other species unknown to science. It had never encountered humans before and was completely tame. Other creatures included a fish named the Henamo Grunter because of the noises it made with its swim bladder.
Supporters of Hamid Karzai claimed he had won the Afghan presidential election by securing more than 50 per cent of the vote, despite claims of widespread fraud. There were reports of phantom polling stations returning votes only for Mr Karzai, the incumbent, who will now not have to face a second-round run-off. His main challenger attacked President Karzai, saying he was manipulating the electoral body supervising the count. In an interview with the BBC, Abdullah Abdullah said the election "has been corrupt, and their malpractice is now widespread. I think it's not for the good of the country that somebody who commits massive fraud rules the country." An international body overseeing the election has ordered a recount in areas of suspicious
voting patterns.
Scientists unlocked the DNA of Phytophthora infestans, the pathogen behind the Irish potato famine. More than a million people died of starvation when the Irish potato crop succumbed to the blight between 1845 and 1852. Researchers at Dundee University and the Scottish Crop Research Institute say the pathogen's DNA shows it is highly adaptable and can change quickly, making it more difficult to combat. The disease costs the worldwide potato industry about Dh18 bn a year.
A British commando and several Afghans died in a rescue operation to free a kidnapped journalist. Stephen Farrell, of the New York Times, was investigating a Nato air attack on two hijacked fuel lorries when he was taken hostage near Kunduz in the north of the country. An Afghan colleague travelling with him died in the rescue, as did a British special forces soldier. A Taliban commander was also reported to have been killed. There was criticism of Mr Farrell in Britain, with accusations he had put other lives at risk by ignoring warnings not to go into such a dangerous area.
A Bolivian priest claimed his attempt to hijack a passenger plane in Mexico was a divine mission. The crew and 104 passengers of the Aeromexico flight from Cancun to Mexico City were released unhurt after the plane landed at the international airport in the capital. Jose Mar Flores, 44, told police that hijack was inspired because the date, 09/09/09, was the satanic number 666 turned upside down.
Barack Obama became the first president in living memory to be called a liar in front of a joint session in Congress. President Obama was addressing Congress to defend his health reforms and dispel what he claimed were "bogus claims" by opponents of the plan. Half way through the speech, he was interrupted by a cry of "you lie" from the Republican Congressman Joe Wilson, of South Carolina. The president looked startled, as Democrats replied with cries of "shame".
At nine seconds, nine minutes and nine hours on the evening of the ninth day of the ninth month, 2009, Sheikh Mohammed bin Rashid al Maktoum, Vice President of the UAE and Ruler of Dubai, swiped his personalised travel card and boarded the first train to depart on the new Dubai Metro. Sheikh Mohammed and several carriages full of dignitaries took the Metro from Mall of the Emirates to the end of the red line al Rashidiya. Regular passengers were able to use the Metro for the first time the next morning. One of the first commuters was Azab Abw Warda, 20, an Egyptian student who has lived in Dubai for 16 years. Normally Mr Warda would have driven to his university in Sharjah, but said: "My car is in the garage." Only 10 of the 29 stations are open but the rest are due for completion by early 2009.
jlangton@thenational.ae
F1 drivers' standings
1. Lewis Hamilton, Mercedes 281
2. Sebastian Vettel, Ferrari 247
3. Valtteri Bottas, Mercedes 222
4. Daniel Ricciardo, Red Bull 177
5. Kimi Raikkonen, Ferrari 138
6. Max Verstappen, Red Bull 93
7. Sergio Perez, Force India 86
8. Esteban Ocon, Force India 56
More coverage from the Future Forum
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.”
'The Sky is Everywhere'
Director:Josephine Decker
Stars:Grace Kaufman, Pico Alexander, Jacques Colimon
Rating:2/5
TOUCH RULES
Touch is derived from rugby league. Teams consist of up to 14 players with a maximum of six on the field at any time.
Teams can make as many substitutions as they want during the 40 minute matches.
Similar to rugby league, the attacking team has six attempts - or touches - before possession changes over.
A touch is any contact between the player with the ball and a defender, and must be with minimum force.
After a touch the player performs a “roll-ball” - similar to the play-the-ball in league - stepping over or rolling the ball between the feet.
At the roll-ball, the defenders have to retreat a minimum of five metres.
A touchdown is scored when an attacking player places the ball on or over the score-line.
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German intelligence warnings
- 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
- 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
- 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250
Source: Federal Office for the Protection of the Constitution
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
THE LIGHT
Director: Tom Tykwer
Starring: Tala Al Deen, Nicolette Krebitz, Lars Eidinger
Rating: 3/5
The Lowdown
Us
Director: Jordan Peele
Starring: Lupita Nyong'o, Winston Duke, Shahadi Wright Joseqph, Evan Alex and Elisabeth Moss
Rating: 4/5
Iftar programme at the Sheikh Mohammed Centre for Cultural Understanding
Established in 1998, the Sheikh Mohammed Centre for Cultural Understanding was created with a vision to teach residents about the traditions and customs of the UAE. Its motto is ‘open doors, open minds’. All year-round, visitors can sign up for a traditional Emirati breakfast, lunch or dinner meal, as well as a range of walking tours, including ones to sites such as the Jumeirah Mosque or Al Fahidi Historical Neighbourhood.
Every year during Ramadan, an iftar programme is rolled out. This allows guests to break their fast with the centre’s presenters, visit a nearby mosque and observe their guides while they pray. These events last for about two hours and are open to the public, or can be booked for a private event.
Until the end of Ramadan, the iftar events take place from 7pm until 9pm, from Saturday to Thursday. Advanced booking is required.
For more details, email openminds@cultures.ae or visit www.cultures.ae
'Ashkal'
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Disturbing%20facts%20and%20figures
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