ABU DHABI // Two Emiratis have died during military exercises with Egypt.
A statement from the UAE Armed Forces on Thursday said a military aircraft had crashed during a routine training exercise with the Egyptian Armed Forces in Egypt.
A crew of four men died in the crash, including First Lt Pilot Saif Khalaf Al Zaabi and First Lt Pilot Abdullah Ali Al Hamoudi, the UAE Ministry of Defence confirmed.
Egyptian officials said the crash was caused by a technical failure and took place at 7pm on Wednesday in Egypt.
An ad hoc technical committee has been formed to investigate the matter, a statement from Egypt said, before going on to offer condolences to the families of the deceased.
The family of Al Zaabi expressed their pride in a “loyal” sibling “who laid down his life for the sake of the homeland”.
Khaled Al Zaabi, Saif’s brother, said Saif was ambitious and passionate about aviation. He studied hard to enrol into Khalifa Aviation College and realised his dream of becoming a pilot. He described his brother as “kind-hearted, obliging and always the first to offer help to anyone in need”.
"Saif had a special relationship with his siblings. We all loved him. He was the sixth of eight siblings, 5 boys and 3 girls. He was born in Kalbaa where he finished high school before enrolled in Khalifa College," reported Al Ittihad, the Arabic-language sister newspaper of The National.
“He was loyal and respectful towards his parents and siblings. He liked to talk with his father about the old days and the development we see today.
“He loved to talk about aviation. He maintained a good relationship with everyone. He would always smile and everyone who met him liked him instantly. He brought us happiness even as he departed us, for he laid his life for the sake of the homeland during a patriotic mission in which he sought to honour his country.
Ali Saif Al Hamoudi, father of Abdullah said he had been moved by the outpouring of support since his son’s death.
“I accept God’s will. I am not alone in bearing this calamity; the whole of the UAE, leaders and people alike, are sharing my plight and have overwhelmed me with support and sympathy since the news came out,” he said.
Salem, 13, First Lt Pilot Al Hamoudi’s brother, said: “We last met 10 days ago. He made sure to give me good advice. My brother was kind-hearted and ethical. We looked at him as a mentor and a father, not only as a brother.”
A military funeral was held on Thursday in Egypt for the four men, reported Wam, the state news agency.
Present were UAE Ambassador and Permanent Representative to the Arab League, Mohammed bin Nakhira Al Dhaheri, as well as other Egyptian political and military officials.
The UAE Ambassador also joined a funeral prayer at Al Maza military airport.
Mr Al Dhaheri conveyed condolences of the UAE leadership, Government and people to the Egyptian defence and interior ministers. He also offered condolences to the families of the four men.
Mourners took to Twitter to honour the men, and dozens of hashtags appeared on the social media site.
Twitter users also expressed their condolences for the Egyptians who died in the crash.
Joint military training exercises between Egypt and the UAE began in March when Field Marshal Abdel Fattah El Sisi, who was Egypt’s defence minister at the time, arrived in the UAE capital for military exercises.
The exercises focused on theoretical and practical training on sophisticated weapons.
The Egyptian defence minister also offered Egyptian leadership, government and people’s condolences to the UAE.
The UAE Armed Forces could not immediately say if further statements would be issued. The Egyptian embassy in the UAE could not be reached for comment.
osalem@thenational.ae
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Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
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UAE squad to face Ireland
Ahmed Raza (captain), Chirag Suri (vice-captain), Rohan Mustafa, Mohammed Usman, Mohammed Boota, Zahoor Khan, Junaid Siddique, Waheed Ahmad, Zawar Farid, CP Rizwaan, Aryan Lakra, Karthik Meiyappan, Alishan Sharafu, Basil Hameed, Kashif Daud, Adithya Shetty, Vriitya Aravind
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- Stay hydrated: Drink plenty of fluids, especially water. Avoid alcohol and caffeine, which can increase dehydration.
- Seek cool environments: Use air conditioning, fans, or visit community spaces with climate control.
- Limit outdoor activities: Avoid strenuous activity during peak heat. If outside, seek shade and wear a wide-brimmed hat.
- Dress appropriately: Wear lightweight, loose and light-coloured clothing to facilitate heat loss.
- Check on vulnerable people: Regularly check in on elderly neighbours, young children and those with health conditions.
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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.”
Our family matters legal consultant
Name: Dr Hassan Mohsen Elhais
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UAE rugby season
FIXTURES
West Asia Premiership
Dubai Hurricanes v Dubai Knights Eagles
Dubai Tigers v Bahrain
Jebel Ali Dragons v Abu Dhabi Harlequins
UAE Division 1
Dubai Sharks v Dubai Hurricanes II
Al Ain Amblers v Dubai Knights Eagles II
Dubai Tigers II v Abu Dhabi Saracens
Jebel Ali Dragons II v Abu Dhabi Harlequins II
Sharjah Wanderers v Dubai Exiles II
LAST SEASON
West Asia Premiership
Winners – Bahrain
Runners-up – Dubai Exiles
UAE Premiership
Winners – Abu Dhabi Harlequins
Runners-up – Jebel Ali Dragons
Dubai Rugby Sevens
Winners – Dubai Hurricanes
Runners-up – Abu Dhabi Harlequins
UAE Conference
Winners – Dubai Tigers
Runners-up – Al Ain Amblers
The specs
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