ABU DHABI // The UAE on Tuesday led worldwide condemnation of three suicide bombings in Saudi Arabia that are being widely viewed as an attack on Islam itself.
Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, called King Salman of Saudi Arabia to offer condolences.
“The UAE affirms its full support of Saudi Arabia in the fight against terror and against those who transgressed the sanctity of the Prophet’s Mosque,” Sheikh Mohammed said.
Sheikh Abdullah bin Zayed, Minister of Foreign Affairs and International Cooperation, said the UAE stood “in solidarity with our brothers in the Kingdom of Saudi Arabia in their fight against the crimes of terrorism”.
He said the terrorists’ goals were to “spread fear and takfir, and to incite strife”.
At least four people were killed in the attacks on Monday. No group has admitted to the attacks but ISIL has carried out similar bombings in the kingdom in the past year.
The bombs near the Prophet’s Mosque in Medina – the second holiest site in Islam – and at a mosque in Qatif exploded as worshippers were breaking the fast on the second-last day of Ramadan, and preparing to celebrate Eid Al Fitr.
Earlier, a suicide bomber blew himself up outside the US consulate compound in Jeddah, injuring two Saudi policemen.
Sheikh Abdullah said the UAE supported any action against those who did not respect the sanctity of Ramadan, the Prophet’s Mosque and other places of worship.
He said Saudi Arabia’s stability was the main pillar of regional security.
“Based on this fact, we believe that these crimes target the UAE, its cities and its people.
“We are fully confident that the Saudi leadership will be able to eliminate the threat posed by terrorism and all its forms and manifestations, and that this deviant group of people will not succeed in achieving their goals, thanks to national solidarity and cohesion, which recognises the futility of their goals, their bloodthirsty crimes and the deviance of their claims.”
Sheikh Abdullah said that the attacks had nothing to do with Islam nor with the traditions and history of the UAE and neighbouring Gulf countries.
The UAE’s Muslim Council of Elders, which aims to build bridges between religions and cultures, also denounced the attacks.
“The perpetrators of these villainous attacks, which shed the blood of innocent people and violated the sanctity of places where Allah is worshipped, have neither ethics nor conscience and are not deterred by religion from killing innocent people and bomb the most sacred places on Earth,” said the council, which is led by Sheikh Ahmed El Tayeb, the Grand Imam of Al Azhar in Cairo.
Sheikh Abdullah, the FNC and the Muslim Council offered condolences to the king, government and people of Saudi Arabia and the families of the victims of the attacks, and wished those injured a speedy recovery.
King Salman said Saudi Arabia would strike with an iron fist against people and groups who targeted the kingdom’s young people.
“The biggest challenge facing the Islamic nation is to preserve real wealth and hope for the future of the young, who face the risk of extremism and malicious calls pushing them to abnormal behaviours and practices,” the king said.
“We will strike with an iron fist those who target the minds and thoughts and attitudes of our dear youth.”
The United Nations said that the bombings in Saudi Arabia were an attack on all Muslims.
“The significance of this attack cannot simply be measured in terms of the four policemen who were killed, and the physical damage. It is an attack on the religion itself,” said UN rights office spokesman Rupert Colville.
Abdullah Al Sheikh, head of the Saudi Shura Council, Saudi Arabia’s main government advisory body, said the attacks were unprecedented.
“This crime, which causes goosebumps, could not have been perpetrated by someone who had an atom of belief in his heart,” he said.
Prince Mohammed bin Nayef, Saudi Arabia’s crown prince, interior minister and head of the special anti-terror security council, visited three of the injured in hospital on Tuesday.
“The security of the homeland is good, it is at its highest levels, and thanks be to God it gets stronger every day,” he said.
Prince Mohammed has been credited with ending a bombing campaign by Al Qaeda in Saudi Arabia between 2003-2006.
“I know that terrorist operations are not a simple thing, and the minor impacts that you feel now will go away, God willing,” he said. “I had been through this in the past and feel what you feel.” Prince Mohammed survived a suicide bombing in his office in 2009.
Saudi security officials said ISIL supporters inside the kingdom mainly acted independently and depended on bases in Iraq and Syria for limited logistical help and advice. This made them harder to detect, but also less capable of mounting attacks on well-protected targets.
The Saudi interior ministry yesterday identified the suicide bomber who struck near the US consulate in Jeddah as Abdullah Qalzar Khan, 34, a Pakistani resident who arrived in the country 12 years ago to work as a driver.
The ministry said he lived in Jeddah with his wife and her parents.
There are about nine million expatriates in Saudi Arabia.
The ministry said the attacker at the Prophet’s Mosque set off the bomb in a car park after security officers raised suspicions about him.
Several cars caught fire and thick plumes of black smoke rose from the site of the explosion as thousands of worshippers crowded the streets around the mosque.
Worshippers expressed shock that such a prominent holy site could be targeted.
“People never imagined that this could happen here,” said Altayeb Osama, 25, a Sudanese visitor to Medina and an Abu Dhabi resident. He heard two large booms about a minute apart as he was heading towards the mosque for sunset prayers.
Saudi media said the attacker intended to strike the mosque when it was crowded with worshippers.
newsdesk@thenational.ae
* Additional reporting by Wam, Associated Press, Agence France-Presse and Reuters
The specs
AT4 Ultimate, as tested
Engine: 6.2-litre V8
Power: 420hp
Torque: 623Nm
Transmission: 10-speed automatic
Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)
On sale: Now
Essentials
The flights
Emirates and Etihad fly direct from the UAE to Los Angeles, from Dh4,975 return, including taxes. The flight time is 16 hours. Alaska Airlines, United Airlines, Delta Air Lines, Aeromexico and Southwest all fly direct from Los Angeles to San Jose del Cabo from Dh1,243 return, including taxes. The flight time is two-and-a-half hours.
The trip
Lindblad Expeditions National Geographic’s eight-day Whales Wilderness itinerary costs from US$6,190 (Dh22,736) per person, twin share, including meals, accommodation and excursions, with departures in March and April 2018.
The Bio
Hometown: Bogota, Colombia
Favourite place to relax in UAE: the desert around Al Mleiha in Sharjah or the eastern mangroves in Abu Dhabi
The one book everyone should read: 100 Years of Solitude by Gabriel Garcia Marquez. It will make your mind fly
Favourite documentary: Chasing Coral by Jeff Orlowski. It's a good reality check about one of the most valued ecosystems for humanity
The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
The specs
Engine: 2.0-litre four-cylinder turbo
Power: 268hp at 5,600rpm
Torque: 380Nm at 4,800rpm
Transmission: CVT auto
Fuel consumption: 9.5L/100km
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Price: from Dh195,000
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.”
Bombshell
Director: Jay Roach
Stars: Nicole Kidman, Charlize Theron, Margot Robbie
Four out of five stars
Director: Romany Saad
Starring: Mirfat Amin, Boumi Fouad and Tariq Al Ibyari
The specs: Fenyr SuperSport
Price, base: Dh5.1 million
Engine: 3.8-litre twin-turbo flat-six
Transmission: Seven-speed automatic
Power: 800hp @ 7,100pm
Torque: 980Nm @ 4,000rpm
Fuel economy, combined: 13.5L / 100km
Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
Emergency
Director: Kangana Ranaut
Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry
Rating: 2/5
The%20specs
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Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
Financial considerations before buying a property
Buyers should try to pay as much in cash as possible for a property, limiting the mortgage value to as little as they can afford. This means they not only pay less in interest but their monthly costs are also reduced. Ideally, the monthly mortgage payment should not exceed 20 per cent of the purchaser’s total household income, says Carol Glynn, founder of Conscious Finance Coaching.
“If it’s a rental property, plan for the property to have periods when it does not have a tenant. Ensure you have enough cash set aside to pay the mortgage and other costs during these periods, ideally at least six months,” she says.
Also, shop around for the best mortgage interest rate. Understand the terms and conditions, especially what happens after any introductory periods, Ms Glynn adds.
Using a good mortgage broker is worth the investment to obtain the best rate available for a buyer’s needs and circumstances. A good mortgage broker will help the buyer understand the terms and conditions of the mortgage and make the purchasing process efficient and easier.
The Buckingham Murders
Starring: Kareena Kapoor Khan, Ash Tandon, Prabhleen Sandhu
Director: Hansal Mehta
Rating: 4 / 5
The specs
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Temple numbers
Expected completion: 2022
Height: 24 meters
Ground floor banquet hall: 370 square metres to accommodate about 750 people
Ground floor multipurpose hall: 92 square metres for up to 200 people
First floor main Prayer Hall: 465 square metres to hold 1,500 people at a time
First floor terrace areas: 2,30 square metres
Temple will be spread over 6,900 square metres
Structure includes two basements, ground and first floor
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
TRAP
Starring: Josh Hartnett, Saleka Shyamalan, Ariel Donaghue
Director: M Night Shyamalan
Rating: 3/5
The specs
Engine: 2-litre or 3-litre 4Motion all-wheel-drive Power: 250Nm (2-litre); 340 (3-litre) Torque: 450Nm Transmission: 8-speed automatic Starting price: From Dh212,000 On sale: Now
COMPANY%20PROFILE
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COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
match info
Athletic Bilbao 1 (Muniain 37')
Atletico Madrid 1 (Costa 39')
Man of the match Iker Muniain (Athletic Bilbao)
COMPANY%20PROFILE
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How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
Griselda
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Game Changer
Director: Shankar
Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram
Rating: 2/5
How does ToTok work?
The calling app is available to download on Google Play and Apple App Store
To successfully install ToTok, users are asked to enter their phone number and then create a nickname.
The app then gives users the option add their existing phone contacts, allowing them to immediately contact people also using the application by video or voice call or via message.
Users can also invite other contacts to download ToTok to allow them to make contact through the app.
EMERGENCY PHONE NUMBERS
Estijaba – 8001717 – number to call to request coronavirus testing
Ministry of Health and Prevention – 80011111
Dubai Health Authority – 800342 – The number to book a free video or voice consultation with a doctor or connect to a local health centre
Emirates airline – 600555555
Etihad Airways – 600555666
Ambulance – 998
Knowledge and Human Development Authority – 8005432 ext. 4 for Covid-19 queries