Guards deny using excessive force


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ABU DHABI // Two private security guards said in court yesterday they had been charged with assault for defending themselves while on duty.

AIA and AW, both Egyptians, appeared before the Abu Dhabi Criminal Court of First Instance charged with physical assault. The two worked as private guards at an unspecified site in Mussafah.

They told the court they were victims of assault by a Pakistani man who tried to force his way into the site of which they were in charge.

Forensic tests showed that the Pakistani had suffered a broken bone before the alleged incident, but that it was broken again during the fight.

AW said he was surprised when he was told he was implicated in the case. He said his only role in the incident was breaking up the fight.

“I was supposed to be a witness, not a defendant,” AW told the court. “It was only the following day that I was told by prosecutors that I was charged.”

On October 25, 2010, AIA told the court, the Pakistani man tried to enter the site, but they denied him access because he did not present clearance.

“He asked to see my supervisor, but I told him he should deal with me,” AIA told the court. “He then held me by my neck and tore off my shirt and my ID.”

AIA said he pushed the man away after he turned more violent.

"He fell on the pavement,” AIA testified.

AIA cited four guidelines for legally using force in self defense as a private security officer. First, if there was an apparent harm or serious crime against the guard, their belongings or against another person or their belongings, force may be justified. Second, a guard must not have enough time to report the incident to authorities before harm occurs. Third, there must be no other option but force. Finally, a guard’s use of force should be in proportion with the seriousness of the attack.

The next hearing will be January 25.

hhassan@thenational.ae

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In numbers: PKK’s money network in Europe

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Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

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Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

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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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