Marriage process made more efficient


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DUBAI // A decision made today will relieve Muslim couples of an extra trip to court to get married. According to the order of Chief Justice of the Personal Status Courts, marriage officiants can now legally complete the entire procedure. Traditionally, marriage contracts in Dubai had to be approved by court - especially marriages between two people of different nationalities. Special permission had to be applied for at the chief justice's office in addition to the regular documentation. Marriage officiants in the emirate were only allowed to approve marriage contracts between Emiratis or Muslim residents of the same nationality. According to Chief Justice Salim Obaid Othman, marriage officiants - such as imams - can now approve contracts between Muslims outside of court.

"Marriage officiants, up to six months ago, were only allowed to approve contracts for Emiratis and GCC nationals. Then, last April, we allowed them to approve contracts without having to register them in court, but only for same nationality marriages," said the chief justice. "We have seen an increase in the number of marriages. Therefore, this is part of our initiative to reduce the strain on the personal status courts." No conditions are set for marriage contracts between Muslims as long as they are both residents, according to Chief Justice Othman. However, an approval has to be acquired from a certification judge in the case that one member is under 18 or twice as old as the other. Dubai Courts introduced a number of different ways to fast track procedures such as the E-Marriage system in 2008.

"Online marriage applicants can fast-track their papers on our dedicated counters, and the whole process only takes 20 minutes, provided they present all the required documents and fees," said to Abdul Rahim al Hashemi, head of Sharia personal status case services at Dubai Courts. Registration can be completed at the Dubai Courts' online portal www.dc.gov.ae under the section, eZawaj. A full list of requirements and a step-by-step guide are available for interested parties. "We also provide online alimony payments and other Sharia services at our website," said Mr al Hashemi. Statistics released by Dubai Courts show that, over the last three years, the number of marriages has steadily increased due to these initiatives. In 2007, 3,155 marriages were registered at the court; in 2009, 3,619 marriages were conducted. The increase in numbers has been reflected by the increase in the number of resident marriages in comparison to the number of Emirati marriages. In 2007, 1,208 Emirati marriages took place and in 2009 the number dropped to 1,178. Meanwhile, resident Muslim marriages went from 1,458 in 2007 to 1,902 in 2009. The courts also introduced a small wedding chapel for newlyweds and their families to celebrate free of charge. "This is all part of the services we provide. The idea came from the Dubai Courts administration to present added value to our services," said Mr al Hashemi. The majority of marriages, according to Mr al Hashemi, were between UAE nationals, followed by Indian and Pakistani couples. On a daily basis, an average of seven to 10 marriage contracts are issued at the courts and at least three couples celebrate at the chapel with their respective families. The Personal Status Services hall at the Dubai Courts is open on weekdays from 8am to 2pm and from 5pm to 8pm. All marriage transactions, alimony payments and Sharia services are conducted during these hours. amustafa@thenational.ae

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Tank warfare

Lt Gen Erik Petersen, deputy chief of programs, US Army, has argued it took a “three decade holiday” on modernising tanks. 

“There clearly remains a significant armoured heavy ground manoeuvre threat in this world and maintaining a world class armoured force is absolutely vital,” the general said in London last week.

“We are developing next generation capabilities to compete with and deter adversaries to prevent opportunism or miscalculation, and, if necessary, defeat any foe decisively.”

MATCH INFO

Liverpool 2 (Van Dijk 18', 24')

Brighton 1 (Dunk 79')

Red card: Alisson (Liverpool)

Gifts exchanged
  • King Charles - replica of President Eisenhower Sword
  • Queen Camilla -  Tiffany & Co vintage 18-carat gold, diamond and ruby flower brooch
  • Donald Trump - hand-bound leather book with Declaration of Independence
  • Melania Trump - personalised Anya Hindmarch handbag

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.”

Results
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The specs

Engine: 4.0-litre V8

Power: 503hp at 6,000rpm

Torque: 685Nm at 2,000rpm

Transmission: 8-speed auto

Price: from Dh850,000

On sale: now

UAE currency: the story behind the money in your pockets
The specs: 2018 Nissan Altima


Price, base / as tested: Dh78,000 / Dh97,650

Engine: 2.5-litre in-line four-cylinder

Power: 182hp @ 6,000rpm

Torque: 244Nm @ 4,000rpm

Transmission: Continuously variable tranmission

Fuel consumption, combined: 7.6L / 100km

Fresh faces in UAE side

Khalifa Mubarak (24) An accomplished centre-back, the Al Nasr defender’s progress has been hampered in the past by injury. With not many options in central defence, he would bolster what can be a problem area.

Ali Salmeen (22) Has been superb at the heart of Al Wasl’s midfield these past two seasons, with the Dubai club flourishing under manager Rodolfo Arrubarrena. Would add workrate and composure to the centre of the park.

Mohammed Jamal (23) Enjoyed a stellar 2016/17 Arabian Gulf League campaign, proving integral to Al Jazira as the capital club sealed the championship for only a second time. A tenacious and disciplined central midfielder.

Khalfan Mubarak (22) One of the most exciting players in the UAE, the Al Jazira playmaker has been likened in style to Omar Abdulrahman. Has minimal international experience already, but there should be much more to come.

Jassim Yaqoub (20) Another incredibly exciting prospect, the Al Nasr winger is becoming a regular contributor at club level. Pacey, direct and with an eye for goal, he would provide the team’s attack an extra dimension.

Anghami
Started: December 2011
Co-founders: Elie Habib, Eddy Maroun
Based: Beirut and Dubai
Sector: Entertainment
Size: 85 employees
Stage: Series C
Investors: MEVP, du, Mobily, MBC, Samena Capital

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