Some 646,000 - The number of Rohingya who have fled from Myanmar to Bangladesh amid a military crackdown against the Muslim minority, according to the United Nations. This figure is in addition to the estimated 214,000 Rohingya that were already living in Bangladesh. The UN human rights chief has said the crackdown cannot be ruled out as genocide.
8 - The number of countries that backed the United States in its recognition of Jerusalem as the capital of Israel. On December 6, the United States recognised the holy city as Israel's capital since the foundation of the Israeli state in 1948 in a move that sparked deadly clashes in Jerusalem, Ramallah, the West Bank and Gaza strip.
Dh1.7bn (US$450m) - The amount Abu Dhabi's Department of Culture and Tourism paid for Salvator Mundi by Leonardo da Vinci in November - the highest price ever paid for a painting at auction. It will go on display at Louvre Abu Dhabi.
90 - The percentage of "yes" votes in the Catalan referendum for independence according to the regional government. The referendum marked a turning point in Catolonia's nationalists' longstanding dream of independence from Spain.
US$20,000 - The value Bitcoin nearly rose to on December 7 when its price rose just above $19,900 on Coinbase, the largest digital currency exchange in America - its highest price yet.
945,362 - The number of Yemenis who are suspected of having been infected with cholera this year, according to the latest data from the World Health Organisation. The body has recorded 2,211 associated deaths. Yemen has been described by the UN as "the worst humanitarian crisis in the world".
112,268 Venezuelan bolivar - The amount of Venezuelan currency it takes to buy US$1 on the black market in a country where the average monthly minimum wage is 180,000 bolivares.
US$50 million - The initial estimated worth of a 709-carat diamond found in Sierra Leone. The stone, named the Peace Diamond, is the second largest found in the West African nation and the 14th largest in the world. Despite its size the diamond sold for a disappointing $6.5 million and its proceeds are set to go to the village where it was found.
Between 9,000 and 11,000 - The number of civilians killed during the nine-month battle to liberate Mosul from ISIL, according to an unofficial investigation by the global news agency Associated Press. Prime minister Haider al-Abadi put the figure at only 1,260. The AP obtained a list from Mosul's morgue of 9,606 people killed during the operation. Hundreds of dead civilians are believed to still be buried in the rubble.
2 percent - The UAE's expected economic growth for 2017, according to economists. In the face of low oil prices, Abu Dhabi has cut spending and worked to consolidated key sectors of the economy. As a result, next year's spending cuts are expected to be milder than those of the past couple of years.
71 - The number of people who died when a fire engulfed residential high rise Grenfell Tower in west London on July 14. The blaze began in a refrigerator on the fourth floor and quickly spread to the building's top. Prime minister Teresa May faced public backlash when she did not meet with survivor's of the fire.
175 mph - The maximum sustained winds of Hurricane Maria, the category five hurricane that raged across the Caribbean between September and October. The overall death toll is still unclear but a recent review by the New York Times puts the number at 1,502 in Puerto Rico alone, rather then the government's official figure of 64.
300,000 - The number of Kuwaiti government employees that skipped two days of work to extend their Eid holiday this year. Employees claimed illness or simply did not show up, resulting in a 40 percent absenteeism throughout the ministries.
The biog
Name: Dhabia Khalifa AlQubaisi
Age: 23
How she spends spare time: Playing with cats at the clinic and feeding them
Inspiration: My father. He’s a hard working man who has been through a lot to provide us with everything we need
Favourite book: Attitude, emotions and the psychology of cats by Dr Nicholes Dodman
Favourit film: 101 Dalmatians - it remind me of my childhood and began my love of dogs
Word of advice: By being patient, good things will come and by staying positive you’ll have the will to continue to love what you're doing
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
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
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.”
At a glance
Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.
Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year
Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month
Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30
Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse
Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth
Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances
The Settlers
Director: Louis Theroux
Starring: Daniella Weiss, Ari Abramowitz
Rating: 5/5
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
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
Countries offering golden visas
UK
Innovator Founder Visa is aimed at those who can demonstrate relevant experience in business and sufficient investment funds to set up and scale up a new business in the UK. It offers permanent residence after three years.
Germany
Investing or establishing a business in Germany offers you a residence permit, which eventually leads to citizenship. The investment must meet an economic need and you have to have lived in Germany for five years to become a citizen.
Italy
The scheme is designed for foreign investors committed to making a significant contribution to the economy. Requires a minimum investment of €250,000 which can rise to €2 million.
Switzerland
Residence Programme offers residence to applicants and their families through economic contributions. The applicant must agree to pay an annual lump sum in tax.
Canada
Start-Up Visa Programme allows foreign entrepreneurs the opportunity to create a business in Canada and apply for permanent residence.
The White Lotus: Season three
Creator: Mike White
Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell
Rating: 4.5/5
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.
