Expo 2020 Dubai closing ceremony at Al Wasl Plaza. Photo: Expo 2020 Dubai
Expo 2020 Dubai closing ceremony at Al Wasl Plaza. Photo: Expo 2020 Dubai
Will Smith hits Chris Rock during the 94th Academy Awards in Hollywood, Los Angeles, California, March 27, 2022. Reuters
Will Smith hits Chris Rock during the 94th Academy Awards in Hollywood, Los Angeles, California, March 27, 2022. Reuters
A cyclist passes a fire caused by artillery fire on the 30th day of the invasion of Ukraine by Russian forces in the north-eastern city of Kharkiv on March 25, 2022. AFP
A cyclist passes a fire caused by artillery fire on the 30th day of the invasion of Ukraine by Russian forces in the north-eastern city of Kharkiv on March 25, 2022. AFP
WANGARATTA, AUSTRALIA - MARCH 26: Hot Air Balloons take flight from Brown Brothers Milawa Airfield on March 26, 2022 in Wangaratta, Australia. The King Valley Balloon Fiesta runs from 25 to 27 March. This year the event's feature Special Shape is a 33m tall 3 toed sloth called Tico. (Photo by Quinn Rooney / Getty Images)
WANGARATTA, AUSTRALIA - MARCH 26: Hot Air Balloons take flight from Brown Brothers Milawa Airfield on March 26, 2022 in Wangaratta, Australia. The King Valley Balloon Fiesta runs from 25 to 27 March. This year the event's feature Special Shape is a 33m tall 3 toed sloth called Tico. (Photo by Quinn Rooney / Getty Images)
Members of the Mara Salvatrucha and Barrio 18 gangs in custody at the prison in Ciudad Barrios, El Salvador. The country's President Nayib Bukele issued an ultimatum on March 28, 2022 to gangs considered responsible for dozens of recent homicides, threatening to increase punishments on their more than 16,000 imprisoned members. AFP
Members of the Mara Salvatrucha and Barrio 18 gangs in custody at the prison in Ciudad Barrios, El Salvador. The country's President Nayib Bukele issued an ultimatum on March 28, 2022 to gangs considered responsible for dozens of recent homicides, threatening to increase punishments on their more than 16,000 imprisoned members. AFP
Curtains flutter in the wind at a building damaged by shelling in a neighbourhood in Kharkiv now largely abandoned and left without water, gas or heating as Russia's attacks on Ukraine continue. March 28, 2022. Reuters
Curtains flutter in the wind at a building damaged by shelling in a neighbourhood in Kharkiv now largely abandoned and left without water, gas or heating as Russia's attacks on Ukraine continue. March 28, 2022. Reuters
Two Pili puppet characters do battle with real fire during a demonstration at a film studio in Yunlin, Taiwan. Reuters
Two Pili puppet characters do battle with real fire during a demonstration at a film studio in Yunlin, Taiwan. Reuters
The Great Ziggurat temple, background, in the ancient city of Ur in Iraq's southern province of Dhi Qar, near the city of Nasiriyah. After decades of conflict, several Western countries still formally advise against travelling to Iraq, but Baghdad is trying to revive its tourism sector. AFP
The Great Ziggurat temple, background, in the ancient city of Ur in Iraq's southern province of Dhi Qar, near the city of Nasiriyah. After decades of conflict, several Western countries still formally advise against travelling to Iraq, but Baghdad is trying to revive its tourism sector. AFP
Power lines along the Trans-Canada Highway in Walhachin, British Columbia, catch the setting sun on Tuesday, March 29, 2022. AP
Power lines along the Trans-Canada Highway in Walhachin, British Columbia, catch the setting sun on Tuesday, March 29, 2022. AP
Senegal fans aim lasers at Egyptian Mohammed Salah face as he steps up to take a penalty.
Senegal fans aim lasers at Egyptian Mohammed Salah face as he steps up to take a penalty.
A transit officer in protective gear controls access to a tunnel during a lockdown measure against the Covid-19 coronavirus, in Shanghai on March 28, 2022. AFP
A transit officer in protective gear controls access to a tunnel during a lockdown measure against the Covid-19 coronavirus, in Shanghai on March 28, 2022. AFP
An owner trying to get her dogs to look at the camera at Interpets, an international fair for pet-related products and services, in Tokyo, Japan, March 31, 2022. Reuters
An owner trying to get her dogs to look at the camera at Interpets, an international fair for pet-related products and services, in Tokyo, Japan, March 31, 2022. Reuters
Competitors during the second stage of the 36th Marathon des Sables in the Moroccan Sahara desert, central Morocco, on March 28, 2022. AFP
Competitors during the second stage of the 36th Marathon des Sables in the Moroccan Sahara desert, central Morocco, on March 28, 2022. AFP
Lusail Stadium, the 80,000-capacity venue that will host the Fifa World Cup final in December, on the outskirts of Qatar's capital Doha. March 28, 2022. AFP
Lusail Stadium, the 80,000-capacity venue that will host the Fifa World Cup final in December, on the outskirts of Qatar's capital Doha. March 28, 2022. AFP
Amputees disabled after incidents in the war in Syria take part in a football match during a tournament organised by a local charity and Social Development International relief organisation, in the city of Afrin in the rebel-held part of Aleppo province. March 28, 2022. AFP
Amputees disabled after incidents in the war in Syria take part in a football match during a tournament organised by a local charity and Social Development International relief organisation, in the city of Afrin in the rebel-held part of Aleppo province. March 28, 2022. AFP
The claimed launch of a Hwasong-17 intercontinental ballistic missile in an undated photo released on March 25, 2022 by North Korea's Korean Central News Agency. Reuters
The claimed launch of a Hwasong-17 intercontinental ballistic missile in an undated photo released on March 25, 2022 by North Korea's Korean Central News Agency. Reuters
Visitors admire blooming cherry blossoms at Chidorigafuchi Park in Tokyo, Japan, March 27, 2022. Reuters
Visitors admire blooming cherry blossoms at Chidorigafuchi Park in Tokyo, Japan, March 27, 2022. Reuters
An air display on the final day of Expo 2020 Dubai. Pawan Singh / The National
An air display on the final day of Expo 2020 Dubai. Pawan Singh / The National
A Terminator figure made from automobile transmission parts, near a checkpoint in Kyiv, Ukraine. March 25, 2022. AP Photo
A Terminator figure made from automobile transmission parts, near a checkpoint in Kyiv, Ukraine. March 25, 2022. AP Photo
Tunisia's players celebrate qualifying for the 2022 Qatar World Cup. Tunisia secured a place at the finals in Qatar despite being held 0-0 at home by Mali in the second leg of an African play-off. March 29, 2022. AFP
Tunisia's players celebrate qualifying for the 2022 Qatar World Cup. Tunisia secured a place at the finals in Qatar despite being held 0-0 at home by Mali in the second leg of an African play-off. March 29, 2022. AFP
Mourners at the funeral of a policeman and his brother at Chattabugh village in central Kashmir’s Budgam district near Srinagar on March 27, 2022, a day after suspected militants reportedly shot the policeman and his brother. AFP
Mourners at the funeral of a policeman and his brother at Chattabugh village in central Kashmir’s Budgam district near Srinagar on March 27, 2022, a day after suspected militants reportedly shot the policeman and his brother. AFP
Skateboarders at a park in Hong Kong, Wednesday, March 30, 2022. AP Photo
Skateboarders at a park in Hong Kong, Wednesday, March 30, 2022. AP Photo
The statue of Christ the Redeemer after being plunged into darkness for the Earth Hour environmental campaign on top of Corcovado hill in Rio de Janeiro, Brazil. March 26, 2022. AFP
The statue of Christ the Redeemer after being plunged into darkness for the Earth Hour environmental campaign on top of Corcovado hill in Rio de Janeiro, Brazil. March 26, 2022. AFP
A Palestinian man feeds stray cats on the beach in Gaza City, March 29, 2022. Reuters
A Palestinian man feeds stray cats on the beach in Gaza City, March 29, 2022. Reuters
Truong Van Dao in a wooden tank he made by converting an old minibus. The Vietnamese father spent hundreds of hours, investing thousands, to convert an old van into a wooden tank for his son – an unusual hobby in a country once ravaged by war. March 28, 2022. AFP
Truong Van Dao in a wooden tank he made by converting an old minibus. The Vietnamese father spent hundreds of hours, investing thousands, to convert an old van into a wooden tank for his son – an unusual hobby in a country once ravaged by war. March 28, 2022. AFP
Country Grammer, ridden by Frankie Dettori, wins the Dubai World Cup at Meydan racecourse in Dubai. Chris Whiteoak / The National
Country Grammer, ridden by Frankie Dettori, wins the Dubai World Cup at Meydan racecourse in Dubai. Chris Whiteoak / The National
A US Marine during an annual US-Philippines joint military exercise on the beaches of Claveria, Cagayan province, northern Philippines. March 31, 2022. AP Photo
A US Marine during an annual US-Philippines joint military exercise on the beaches of Claveria, Cagayan province, northern Philippines. March 31, 2022. AP Photo
A boy showers with water from a plastic bottle at a camp for internally displaced people in Afdera town, Afar region, Ethiopia. Reuters
A boy showers with water from a plastic bottle at a camp for internally displaced people in Afdera town, Afar region, Ethiopia. Reuters
Misha, 5, who was injured and lost his mother during a Russian strike, is helped by his grandfather to dress in the basement of a hospital in Mykolaiv, Ukraine. March 26, 2022. AFP
Misha, 5, who was injured and lost his mother during a Russian strike, is helped by his grandfather to dress in the basement of a hospital in Mykolaiv, Ukraine. March 26, 2022. AFP
Children play in the grounds of the Baiturrahman Grand Mosque before the start of Ramadan in Banda Aceh. March 30, 2022. Indonesia recently lifted restrictions to allow the resumption of traditional practices for the holy month after two years of tight pandemic restrictions. AFP
Children play in the grounds of the Baiturrahman Grand Mosque before the start of Ramadan in Banda Aceh. March 30, 2022. Indonesia recently lifted restrictions to allow the resumption of traditional practices for the holy month after two years of tight pandemic restrictions. AFP

Weekend

The best photos of the week: from the end of Expo to the beginning of Ramadan

The most striking pictures from around the world

Tim Knowles
Tim Knowles

April 01, 2022

  • English
  • Arabic

More from The National

Friday's best photos: from a burning bus to the Walla Walla aurora

Thursday's best photos: from the Las Vegas Grand Prix to pet portraits

Wednesday's best photos: form a rocket launch to a skateboard jump

Tuesday's best photos: from an orange tank to pink campaigners

Monday's best photos: from bees to blossom

Sunday's best photos: from fire-breathing at a carnival to a Bhangra performance

Saturday's best photos: from a 'Terminator' sculpture in Kyiv to student protests in Santiago

The biog

Age: 32

Qualifications: Diploma in engineering from TSI Technical Institute, bachelor’s degree in accounting from Dubai’s Al Ghurair University, master’s degree in human resources from Abu Dhabi University, currently third years PHD in strategy of human resources.

Favourite mountain range: The Himalayas

Favourite experience: Two months trekking in Alaska

Results:

6.30pm: Maiden Dh165,000 2,000m - Winner: Powderhouse, Sam Hitchcott (jockey), Doug Watson (trainer)

7.05pm: Handicap Dh165,000 2,200m - Winner: Heraldic, Richard Mullen, Satish Seemar

7.40pm: Conditions Dh240,000 1,600m - Winner: Walking Thunder, Connor Beasley, Ahmed bin Harmash

8.15pm: Handicap Dh190,000 2,000m - Winner: Key Bid, Fernando Jara, Ali Rashid Al Raihe

8.50pm: The Garhoud Sprint Listed Dh265,000 1,200m - Winner: Drafted, Sam Hitchcott, Doug Watson

9.25pm: Handicap Dh170,000 1,600m - Winner: Cachao, Tadhg O’Shea, Satish Seemar

10pm: Handicap Dh190,000 1,400m - Winner: Rodaini, Connor Beasley, Ahmed bin Harmash

Zimbabwe v UAE, ODI series

All matches at the Harare Sports Club:

1st ODI, Wednesday, April 10

2nd ODI, Friday, April 12

3rd ODI, Sunday, April 14

4th ODI, Tuesday, April 16

UAE squad: Mohammed Naveed (captain), Rohan Mustafa, Ashfaq Ahmed, Shaiman Anwar, Mohammed Usman, CP Rizwan, Chirag Suri, Mohammed Boota, Ghulam Shabber, Sultan Ahmed, Imran Haider, Amir Hayat, Zahoor Khan, Qadeer Ahmed

What is a robo-adviser?

Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.

These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.

Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.

Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.

The 12 Syrian entities delisted by UK 

Ministry of Interior
Ministry of Defence
General Intelligence Directorate
Air Force Intelligence Agency
Political Security Directorate
Syrian National Security Bureau
Military Intelligence Directorate
Army Supply Bureau
General Organisation of Radio and TV
Al Watan newspaper
Cham Press TV
Sama TV

JAPAN SQUAD

Goalkeepers: Masaaki Higashiguchi, Shuichi Gonda, Daniel Schmidt
Defenders: Yuto Nagatomo, Tomoaki Makino, Maya Yoshida, Sho Sasaki, Hiroki Sakai, Sei Muroya, Genta Miura, Takehiro Tomiyasu
Midfielders: Toshihiro Aoyama, Genki Haraguchi, Gaku Shibasaki, Wataru Endo, Junya Ito, Shoya Nakajima, Takumi Minamino, Hidemasa Morita, Ritsu Doan
Forwards: Yuya Osako, Takuma Asano, Koya Kitagawa

While you're here

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.”

FIGHT CARD

Bantamweight Hamza Bougamza (MAR) v Jalal Al Daaja (JOR)

Catchweight 67kg Mohamed El Mesbahi (MAR) v Fouad Mesdari (ALG)

Lighweight Abdullah Mohammed Ali (UAE) v Abdelhak Amhidra (MAR)

Catchweight 73kg Mostafa Ibrahim Radi (PAL) v Yazid Chouchane (ALG)

Middleweight Yousri Belgaroui (TUN) v Badreddine Diani (MAR)

Catchweight 78kg Rashed Dawood (UAE) v Adnan Bushashy (ALG)

Middleweight Sallaheddine Dekhissi (MAR) v Abdel Emam (EGY)

Catchweight 65kg Rachid Hazoume (MAR) v Yanis Ghemmouri (ALG)

Lighweight Mohammed Yahya (UAE) v Azouz Anwar (EGY)

Catchweight 79kg Omar Hussein (PAL) v Souhil Tahiri (ALG)

Middleweight Tarek Suleiman (SYR) v Laid Zerhouni (ALG)

Story of 2017-18 so far and schedule to come

Roll of Honour

Who has won what so far in the West Asia rugby season?

 

Western Clubs Champions League

Winners: Abu Dhabi Harlequins

Runners up: Bahrain

 

Dubai Rugby Sevens

Winners: Dubai Exiles

Runners up: Jebel Ali Dragons

 

West Asia Premiership

Winners: Jebel Ali Dragons

Runners up: Abu Dhabi Harlequins

 

UAE Premiership Cup

Winners: Abu Dhabi Harlequins

Runners up: Dubai Exiles

 

Fixtures

Friday

West Asia Cup final

5pm, Bahrain (6pm UAE time), Bahrain v Dubai Exiles

 

West Asia Trophy final

3pm, The Sevens, Dubai Hurricanes v Dubai Sports City Eagles

 

Friday, April 13

UAE Premiership final

5pm, Al Ain, Dubai Exiles v Abu Dhabi Harlequins

Killing of Qassem Suleimani
Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

More from this package
WHAT IS A BLACK HOLE?

1. Black holes are objects whose gravity is so strong not even light can escape their pull

2. They can be created when massive stars collapse under their own weight

3. Large black holes can also be formed when smaller ones collide and merge

4. The biggest black holes lurk at the centre of many galaxies, including our own

5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed

Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea
While you're here
UAE currency: the story behind the money in your pockets
Updated: April 01, 2022, 6:01 PM
WeekendPhotography