Sheikh Mohammed bin Zayed on Sunday began visiting the mourning majlises of the servicemen who died in a helicopter crash in Yemen on Friday.
First the Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces visited and paid his respects to the family of Mohamed Saeed Rashid Al-Hassani, in Dadna, Fujairah.
Sheikh Mohammed then visited the mourning majlis for for Jassem Saleh Rashid Al Zaabi in Ras Al Khaimah to offer his condolences to the family of the First Lieutenant Pilot.
Sheikh Mohammed also visited the family of Samir Mohamed Murad Abu Bakr in Al-Ragayeb Ajman to pay his respects.
Meanwhile, Sheikh Hamed bin Zayed, Chief of the Abu Dhabi Crown Prince's Court, visited the family of Ahmed Khalifa Al Baloushi to offer his condolences on the Captain’s death.
He was joined by Mohammed Al Bowardi, Minister of State for Defence Affairs, who also prayed that Al Baloushi’s soul rest in peace.
The Ras Al Khaimah ruler, Sheikh Saud bin Saqr Al Qasimi, led funeral prayers for First Lieutenant Pilot Jassem Saleh Al Zaabi on Saturday and on Sunday visited the family of Warrant Officer Sameer Mohammed Murad Abu Bakr in Ajman to offer his condolences.
The UAE's leaders also took to Twitter to share messages of support for the families with Sheikh Abdullah bin Zayed, Minister of Foreign Affairs and International Cooperation tweeting a prayer in Arabic for "God to strengthen the country".
Sheikh Hazza bin Zayed, Vice Chairman of the Abu Dhabi Executive Council, tweeted: “Emirati men set the best example of sacrifice and devotion for the sake of their country, of bringing justice and of spreading peace. May God have mercy on the souls of our martyrs.”
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UAE royal family member Sheikh Zayed bin Hamdan among injured soldiers in Yemen helicopter crash
Funerals for four UAE soldiers killed in Yemen helicopter crash held
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The Melbourne Mercer Global Pension Index
The Melbourne Mercer Global Pension Index
Mazen Abukhater, principal and actuary at global consultancy Mercer, Middle East, says the company’s Melbourne Mercer Global Pension Index - which benchmarks 34 pension schemes across the globe to assess their adequacy, sustainability and integrity - included Saudi Arabia for the first time this year to offer a glimpse into the region.
The index highlighted fundamental issues for all 34 countries, such as a rapid ageing population and a low growth / low interest environment putting pressure on expected returns. It also highlighted the increasing popularity around the world of defined contribution schemes.
“Average life expectancy has been increasing by about three years every 10 years. Someone born in 1947 is expected to live until 85 whereas someone born in 2007 is expected to live to 103,” Mr Abukhater told the Mena Pensions Conference.
“Are our systems equipped to handle these kind of life expectancies in the future? If so many people retire at 60, they are going to be in retirement for 43 years – so we need to adapt our retirement age to our changing life expectancy.”
Saudi Arabia came in the middle of Mercer’s ranking with a score of 58.9. The report said the country's index could be raised by improving the minimum level of support for the poorest aged individuals and increasing the labour force participation rate at older ages as life expectancies rise.
Mr Abukhater said the challenges of an ageing population, increased life expectancy and some individuals relying solely on their government for financial support in their retirement years will put the system under strain.
“To relieve that pressure, governments need to consider whether it is time to switch to a defined contribution scheme so that individuals can supplement their own future with the help of government support,” he said.
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Chromite: Hard, metallic mineral containing iron oxide and chromium oxide
Ultramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica content
Ophiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on land
Olivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour
NYBL PROFILE
Company name: Nybl
Date started: November 2018
Founder: Noor Alnahhas, Michael LeTan, Hafsa Yazdni, Sufyaan Abdul Haseeb, Waleed Rifaat, Mohammed Shono
Based: Dubai, UAE
Sector: Software Technology / Artificial Intelligence
Initial investment: $500,000
Funding round: Series B (raising $5m)
Partners/Incubators: Dubai Future Accelerators Cohort 4, Dubai Future Accelerators Cohort 6, AI Venture Labs Cohort 1, Microsoft Scale-up
COMPANY%20PROFILE
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