DUBAI // A wife has been acquitted of causing her husband’s death after he and a friend were drinking alcohol at their home.
The 37-year-old Pakistani wife and the friend were charged with physically assaulting the husband, causing him internal bleeding that led to his death, but both were found not guilty on Wednesday.
However, the friend was convicted of the lesser charge of assault and was sentenced to six months in jail and fined Dh5,000.
On October 30 last year, the Pakistani husband, whose age was not given, called his countryman, 47, and asked him to bring alcohol to his home so they could drink together.
The friend arrived to the home in Hor Al Anz at about 6pm and the pair drank for hours.
The mother of 5 said her husband asked that she prepare dinner but she was aware that he was severely drunk.
“I heard them screaming at each other but this is usual when he gets drunk. I checked on them and I saw his friend was trying to calm him down,” said the woman.
She said at about 10.30pm she saw the friend go to the toilet and her husband followed him.
“He was furious but he is in this state every time he gets drunk. His friend got out of the toilet and tried to calm him down then took him to the living room and I went to the roof, where I stayed alone for about an hour,” said the wife.
When she came back down she said she found her husband lying on his back and he had urinated in his trousers. She thought he was sleeping so she slept next to him. “But then I noticed that his body was cold,” said the wife, who called a taxi driver friend and asked him to take them to hospital.
“I had customers and, after I dropped them off, I headed to her place about 20 minutes after her call,” said the Pakistani driver, 39.
When he saw the man’s body and found no pulse, he had the wife call police.
“The following day I learnt that the man had died and his wife called me to bail her out of prison after she was taken into custody,” said the driver.
A medical report said the victim’s body had signs of an assault, as several bruises and scratches were found in different areas, but it also stated that his death was a result of internal bleeding, triggered by a physical assault.
The friend was arrested in Sharjah. He and the woman were both charged with physical assault that led to death, which both denied in court in March.
“He is my husband and I have five children from him, I could never assault him,” the wife told judges.
The friend confessed to an additional charge of consuming alcohol without a licence, to which he was fined Dh2,000.
He appealed his sentence but Dubai Court of Appeal upheld it. He will be deported after serving his jail term.
salamir@thenational.ae
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.”
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
The biog
Favourite car: Ferrari
Likes the colour: Black
Best movie: Avatar
Academic qualifications: Bachelor’s degree in media production from the Higher Colleges of Technology and diploma in production from the New York Film Academy
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Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
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The%20Genius%20of%20Their%20Age
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Volvo ES90 Specs
Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)
Power: 333hp, 449hp, 680hp
Torque: 480Nm, 670Nm, 870Nm
On sale: Later in 2025 or early 2026, depending on region
Price: Exact regional pricing TBA
The specs
Engine: Four electric motors, one at each wheel
Power: 579hp
Torque: 859Nm
Transmission: Single-speed automatic
Price: From Dh825,900
On sale: Now