Mubarak surgery successful



CAIRO // Egyptian state-owned media reported that the president, Hosni Mubarak, had a successful surgery in Germany yesterday to remove his gall bladder, and had temporarily handed over power to the prime minister until his return.

State media had earlier said Mr Mubarak, who was on a visit to Germany on Thursday to meet Chancellor Angela Merkel, was experiencing gall bladder pains and that the organ was severely inflamed. He underwent surgery in Heidelberg University Hospital and had issued a presidential decree delegating presidential powers to the prime minister Ahmed Nazif until his return. "He is in intensive care after waking up and talking to members of his family and doctors," said a presenter on state TV, adding that doctors would later give a medical briefing.

His wife and two sons, Alaa and Gamal, as well as the health minister, Hatem el Gabali, were with him, reports said. "The president's health is an important issue that concerns every Egyptian citizen and has to be addressed and reported with transparency in the media," the information minister, Anas el Fiqi, was quoted as saying in a telephone interview from Germany with the independent daily newspaper Al Shorouk ahead of the operation.

"The state's approach this time is the outcome of our battle to obtain information about the president's health," said Ibrahim Eissa, the editor of the opposition daily Al Dostor. "The state learnt from its previous mistakes that hiding news about the president's health and treating it as a military secret, would only cause the media to speculate and people to panic." Eissa, along with three other editors of independent and opposition dailies and weeklies, were sentenced to one year in prison when they speculated about the president's health in late 2007. The verdict was suspended and they did not serve any time in prison.

Mr Mubarak, 81, has been in power since 1981, and has no vice president, which is why he delegated presidential power to Mr Nazif, who had remarried recently and was reported to have been spending his honeymoon in Luxor. For years, the president has said he has not appointed a vice president because he could not find a suitable individual. However, in the past several years, speculation has been rife that his youngest son, Gamal, 46, is being groomed to succeed his father. Such speculation has outraged the opposition here, which does not wish to see power in Egypt passed down hereditarily.

In a joint press conference with Mrs Merkel on Thursday, the president seemed to be in good health. He addressed, for the first time, the return to Egypt of Mohamed ElBaradei, the former head of the UN nuclear monitor, two weeks ago to a hero's welcome. Mr ElBaradei, 67, is calling for change and amending the constitution and said he might consider running in next year's presidential elections. "Egypt does not need a national hero because the whole people are heroes," Mr Mubarak said. Anyone can run "in line with the constitution and join any political party he chooses", Egyptian newspapers quoted the president as saying on Friday.

Mr Mubarak did not mention Mr ElBaradei by name. The constitution was amended in 2005 and 2007 allowing only senior leaders of already existing political parties to contest a presidential election. Mr ElBaradei and many opposition figures want the constitution amended again so qualified independents can run as well. Mr Mubarak has been known as an athletic person who wakes up early to play tennis before he starts daily work. He has had a full schedule lately, visiting different provinces, opening factories and other projects; some observers have said the increase in the number of appearances was a reaction to Mr ElBaradei's unexpected warm welcome, which has stirred an otherwise stagnant political life.

Wael Abdel Fattah, an Egyptian columnist with the Lebanese daily newspaper Al Akhbar, said the announcement about Mr Mubarak's health tests and operation should be viewed within the latest political developments. "The regime is sending a message that Egypt is a state of institutions, not persons, and that the constitution is active and respected, and that the regime is stable," he said in a telephone interview. "The regime is also saying they are the ones who have the facts and choose the timing of announcing them.

"The Egyptian people have passed the stage of panicking over the president's health, they are more concerned about the post-Mubarak era." "The president is only human, and it's only natural that he would want to rest," said Arwa Medhat, in her twenties, at a cafe in Heliopolis. "We have to think about who would be Egypt's next president; it could be ElBaradei or somebody else, we have to have options."

Neither Mr Mubarak nor Gamal Mubarak have announced whether they would run in the 2011 elections. Shortly after the last presidential elections, in 2005, Mr Mubarak said he would remain in power as long as he is breathing and his heart is beating. Mr Mubarak underwent surgery for a slipped disc at a Munich hospital in 2004, an event that sparked rumours about succession and sent jitters through Egypt's financial markets.

In 2003, he collapsed briefly during a live speech to parliament. Officials said that was caused by a combination of cold medication and fasting during the holy month of Ramadan. No date has been set for the president's return from Germany.
nmagd@thenational.ae * With additional reporting by Reuters

BMW M5 specs

Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor

Power: 727hp

Torque: 1,000Nm

Transmission: 8-speed auto

Fuel consumption: 10.6L/100km

On sale: Now

Price: From Dh650,000

'Top Gun: Maverick'

Rating: 4/5

 

Directed by: Joseph Kosinski

 

Starring: Tom Cruise, Val Kilmer, Jennifer Connelly, Jon Hamm, Miles Teller, Glen Powell, Ed Harris

 
Skewed figures

In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458. 

RESULTS

2pm: Handicap (PA) Dh 40,000 (Dirt) 1,200m
Winner: AF Senad, Nathan Crosse (jockey), Kareem Ramadan (trainer)

2.30pm: Maiden (PA) Dh 40,000 (D) 1,000m
Winner: Ashjaan, Fabrice Veron, Eric Lemartinel.

3pm: Maiden (PA) Dh 40,000 (D) 1,700m
Winner: Amirah, Conner Beasley, Ali Rashid Al Raihe.

3.30pm: Handicap (PA) Dh 40,000 (D) 1,700m
Winner: Jap Al Yaasoob, Szczepan Mazur, Irfan Ellahi.

4pm: Sheikh Mansour bin Zayed Al Nahyan Cup Prestige Handicap (PA) Dh 100,000 (D) 1,200m
Winner: Jawaal, Fernando Jara, Majed Al Jahouri.

4.30pm: Handicap (TB) Dh 40,000 (D) 1,200m
Winner: Manhunter, Ryan Curatolo, Mujeeb Rahman.

Indoor Cricket World Cup Dubai 2017

Venue Insportz, Dubai; Admission Free

Fixtures - Open Men 2pm: India v New Zealand, Malaysia v UAE, Singapore v South Africa, Sri Lanka v England; 8pm: Australia v Singapore, India v Sri Lanka, England v Malaysia, New Zealand v South Africa

Fixtures - Open Women Noon: New Zealand v England, UAE v Australia; 6pm: England v South Africa, New Zealand v Australia

The specs
Engine: 4.0-litre flat-six
Power: 510hp at 9,000rpm
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Price: From Dh801,800
House-hunting

Top 10 locations for inquiries from US house hunters, according to Rightmove

  1. Edinburgh, Scotland 
  2. Westminster, London 
  3. Camden, London 
  4. Glasgow, Scotland 
  5. Islington, London 
  6. Kensington and Chelsea, London 
  7. Highlands, Scotland 
  8. Argyll and Bute, Scotland 
  9. Fife, Scotland 
  10. Tower Hamlets, London 

 

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.”

UK's plans to cut net migration

Under the UK government’s proposals, migrants will have to spend 10 years in the UK before being able to apply for citizenship.

Skilled worker visas will require a university degree, and there will be tighter restrictions on recruitment for jobs with skills shortages.

But what are described as "high-contributing" individuals such as doctors and nurses could be fast-tracked through the system.

Language requirements will be increased for all immigration routes to ensure a higher level of English.

Rules will also be laid out for adult dependants, meaning they will have to demonstrate a basic understanding of the language.

The plans also call for stricter tests for colleges and universities offering places to foreign students and a reduction in the time graduates can remain in the UK after their studies from two years to 18 months.

ICC Women's T20 World Cup Asia Qualifier 2025, Thailand

UAE fixtures
May 9, v Malaysia
May 10, v Qatar
May 13, v Malaysia
May 15, v Qatar
May 18 and 19, semi-finals
May 20, final

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

Dust and sand storms compared

Sand storm

  • Particle size: Larger, heavier sand grains
  • Visibility: Often dramatic with thick "walls" of sand
  • Duration: Short-lived, typically localised
  • Travel distance: Limited 
  • Source: Open desert areas with strong winds

Dust storm

  • Particle size: Much finer, lightweight particles
  • Visibility: Hazy skies but less intense
  • Duration: Can linger for days
  • Travel distance: Long-range, up to thousands of kilometres
  • Source: Can be carried from distant regions
How to wear a kandura

Dos

  • Wear the right fabric for the right season and occasion 
  • Always ask for the dress code if you don’t know
  • Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work 
  • Wear 100 per cent cotton under the kandura as most fabrics are polyester

Don’ts 

  • Wear hamdania for work, always wear a ghutra and agal 
  • Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying

Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

The Brutalist

Director: Brady Corbet

Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn

Rating: 3.5/5

Empty Words

By Mario Levrero  

(Coffee House Press)
 

UAE currency: the story behind the money in your pockets