Former Bosnian Serb leader Radovan Karadzic, accused of the worst atrocities in Europe since the Second World War, at the International Criminal Tribunal for the Former Yugoslavia in The Hague.
Former Bosnian Serb leader Radovan Karadzic, accused of the worst atrocities in Europe since the Second World War, at the International Criminal Tribunal for the Former Yugoslavia in The Hague.
Former Bosnian Serb leader Radovan Karadzic, accused of the worst atrocities in Europe since the Second World War, at the International Criminal Tribunal for the Former Yugoslavia in The Hague.
Former Bosnian Serb leader Radovan Karadzic, accused of the worst atrocities in Europe since the Second World War, at the International Criminal Tribunal for the Former Yugoslavia in The Hague.

Karadzic shocks victims with 'mild man' war crimes defence


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THE HAGUE // The former Bosnian Serb leader Radovan Karadzic, accused of the worst atrocities in Europe since the Second World War, said yesterday that he should be praised for promoting peace, not charged with war crimes.

Beginning his defence at his trial in The Hague, Karadzic accused Bosnian Muslims of deliberately staging some of the atrocities against their own people to win international support.

His claim drew gasps of disbelief from Muslim survivors in the gallery of the court.

Karadzic is one of three Serb leaders on trial for war crimes during the violent break-up of multi-ethnic Yugoslavia between 1991 and 1999, in which more than 100,000 people were killed and millions were displaced.

Now 67 and still recognisable by his shock of white hair, he is defending against himself charges of genocide, war crimes and crimes against humanity, and cross-examining witnesses himself.

Looking resigned but relaxed and reading from a pre-written speech, he said Muslims had faked the circumstances of two shellings of a market place in the Bosnian capital Sarajevo during a siege by Serb forces. More than 100 people were killed.

"Sarajevo is my city, and any story that we would shell Sarajevo without any reason is untrue," he said, reiterating long-standing allegations by the Serb side that have already been refuted by The Hague tribunal.

Prosecutors at the International Criminal Tribunal for the former Yugoslavia say Karadzic was jointly responsible for the shelling of Sarajevo when Bosnian Serb forces besieged it from 1992-1996.

He is also charged with being behind the massacre of 8,000 Bosnian Muslims in Srebrenica in 1995.

"Instead of being accused, I should have been rewarded for all the good things I have done," he told the court. "I did everything in human power to avoid the war. I succeeded in reducing the suffering of all civilians."

He added that he was a "mild man, a tolerant man with great capacity to understand others".

Some of the victims expressed disgust at his words.

"It is difficult to even describe how I felt when I heard him saying this," said Kada Hotic in Sarajevo, who lost 56 male family members in Srebrenica.

"I lost so many family members only because they were Muslims in a territory that Karadzic desired to turn into exclusively Serb land. Is that peacemaking?" she asked.

Karadzic said two separate shellings of a Sarajevo market place, in February 1994 and August 1995, in which a 105 people were killed and 234 injured, had been orchestrated.

During the trial of Dragomir Milosevic, chief of staff to the commander of the forces besieging Sarajevo, the court found Bosnian Serb forces were responsible for the 1995 shelling.

As Karadzic opened his defence, the tribunal also began the separate trial of its final suspect, the last chapter for an institution that has broken new ground in the investigation of conflicts and paved the way for a permanent war crimes court.

Goran Hadzic, the last of 161 suspects still alive and at large after the Yugoslav wars, is accused of murder, torture and forcible deportation at the very outset of those wars.

The tribunal has indicted Croats, Muslims, Serbs and Albanians on charges of genocide, war crimes and crimes against humanity in the former Yugoslavia.

The majority were ethnic Serbs, including the former head of state, army chief of staff, defence minister and speaker of the parliament, and many Serbs consider the tribunal to be biased.

A former psychiatrist, Karadzic was arrested in 2008 in Belgrade, where he had been living in disguise.

Bosnian Serb military leader Ratko Mladic went on trial in The Hague this year, after 16 years on the run.

Former Yugoslav and Serbian president Slobodan Milosevic died in 2006 before the end of his trial.

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 specs

Engine: 4.0-litre V8 twin-turbocharged and three electric motors

Power: Combined output 920hp

Torque: 730Nm at 4,000-7,000rpm

Transmission: 8-speed dual-clutch automatic

Fuel consumption: 11.2L/100km

On sale: Now, deliveries expected later in 2025

Price: expected to start at Dh1,432,000

Electric scooters: some rules to remember
  • Riders must be 14-years-old or over
  • Wear a protective helmet
  • Park the electric scooter in designated parking lots (if any)
  • Do not leave electric scooter in locations that obstruct traffic or pedestrians
  • Solo riders only, no passengers allowed
  • Do not drive outside designated lanes

The Ashes

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

Stats at a glance:

Cost: 1.05 billion pounds (Dh 4.8 billion)

Number in service: 6

Complement 191 (space for up to 285)

Top speed: over 32 knots

Range: Over 7,000 nautical miles

Length 152.4 m

Displacement: 8,700 tonnes

Beam:   21.2 m

Draught: 7.4 m

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%3A%20%3C%2Fstrong%3EMascotte%20Health%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2023%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EMiami%2C%20US%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Bora%20Hamamcioglu%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EOnline%20veterinary%20service%20provider%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20%241.2%20million%20raised%20in%20seed%20funding%3C%2Fp%3E%0A
What is the Supreme Petroleum Council?

The Abu Dhabi Supreme Petroleum Council was established in 1988 and is the highest governing body in Abu Dhabi’s oil and gas industry. The council formulates, oversees and executes the emirate’s petroleum-related policies. It also approves the allocation of capital spending across state-owned Adnoc’s upstream, downstream and midstream operations and functions as the company’s board of directors. The SPC’s mandate is also required for auctioning oil and gas concessions in Abu Dhabi and for awarding blocks to international oil companies. The council is chaired by Sheikh Khalifa, the President and Ruler of Abu Dhabi while Sheikh Mohamed bin Zayed, Abu Dhabi’s Crown Prince and Deputy Supreme Commander of the Armed Forces, is the vice chairman.

TOUR RESULTS AND FIXTURES

 

June 3: NZ Provincial Barbarians 7 Lions 13
June 7: Blues 22 Lions 16
June 10: Crusaders 3 Lions 12
June 13: Highlanders 23 Lions 22
June 17: Maori All Blacks 10 Lions 32
June 20: Chiefs 6 Lions 34
June 24: New Zealand 30 Lions 15
June 27: Hurricanes 31 Lions 31
July 1: New Zealand 21 Lions 24
July 8: New Zealand v Lions

Last 10 NBA champions

2017: Golden State bt Cleveland 4-1
2016: Cleveland bt Golden State 4-3
2015: Golden State bt Cleveland 4-2
2014: San Antonio bt Miami 4-1
2013: Miami bt San Antonio 4-3
2012: Miami bt Oklahoma City 4-1
2011: Dallas bt Miami 4-2
2010: Los Angeles Lakers bt Boston 4-3
2009: Los Angeles Lakers bt Orlando 4-1
2008: Boston bt Los Angeles Lakers 4-2

Guide to intelligent investing
Investing success often hinges on discipline and perspective. As markets fluctuate, remember these guiding principles:
  • Stay invested: Time in the market, not timing the market, is critical to long-term gains.
  • Rational thinking: Breathe and avoid emotional decision-making; let logic and planning guide your actions.
  • Strategic patience: Understand why you’re investing and allow time for your strategies to unfold.
 
 
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