Rescuers at the scene of an air strike in Dnipro, March 11, 2022. AFP
Rescuers at the scene of an air strike in Dnipro, March 11, 2022. AFP
Rescuers at the scene of an air strike in Dnipro, March 11, 2022. AFP
Rescuers at the scene of an air strike in Dnipro, March 11, 2022. AFP

EU to double military aid to Ukraine as Zelenskyy asks bloc for more help


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EU leaders are set to send an extra €500 million in military aid to Kyiv — double the assistance already sent — as they discuss new measures against Russia following its invasion of Ukraine.

During an informal two-day summit in Versailles, the leaders described Moscow's attack on Ukraine as a wake-up call for the 27-nation bloc to take a more muscular approach to ensuring its security.

It comes as Ukraine's President Volodymyr Zelenskyy said the EU “should do more” for his embattled country, a day after Brussels dashed Kyiv's hopes of quick accession to the bloc.

“The European Union should do more. It must do more for us, for Ukraine,” he said in a video statement on Telegram more than two weeks after Russia invaded his country.

“The decisions of politicians must coincide with the mood of their people,” he added.

Meanwhile, Russian President Vladimir Putin said on Friday he wanted to allow volunteers to enter the fight against Ukrainian forces and approved handing over captured western missile systems to Moscow-backed rebels.

Russian Defence Minister Sergei Shoigu proposed handing over US-made anti-tank systems, such as Javelins and Stingers, to fighters from the rebel regions of Luhansk and Donetsk.

Mr Putin, at a Russian security council meeting, said he supported such an idea, Reuters reported.

He also said that those who wanted to volunteer to fight alongside Russian-backed forces should be allowed to do so.

Mr Shoigu said there were 16,000 volunteers in the Middle East who were ready to come and join the fight.

Russian forces are bearing down on Kyiv and are regrouping north-west of the Ukrainian capital, satellite pictures showed.

Moscow could now be planning an assault on the city within days, the UK said on Friday.

“Russia is likely seeking to reset and re-posture its forces for renewed offensive activity in the coming days,” Britain's Ministry of Defence said in an intelligence update. “This will probably include operations against the capital Kyiv.”

Russia's main attack force in northern Ukraine has been stalled on a motorway north of Kyiv since the initial days of the invasion, having failed in what western countries believe was an initial plan for a lightning assault on the capital.

But images released by private US satellite company Maxar showed armoured units manoeuvring in and through towns close to Antonov airport at Hostomel, north-west of Kyiv, which has been the site of intense fighting since Russia landed paratroopers there in the first hours of the war.

Ukraine's Deputy Prime Minister Iryna Vereshchuk said she hopes a safe corridor will be opened for civilians to leave the besieged southern port city of Mariupol on Friday.

Residents have been cowering under fire, without power or water, in the strategic city for more than a week as attempts to arrange a local ceasefire and safe passage out have repeatedly failed.

“We hope [the corridor] will work today,” Ms Vereshchuk said in a televised statement, in which she said she hoped other humanitarian corridors would also be opened by Russian forces.

A convoy of about 225 people in 50 cars and a bus set out from the city of Enerhodar, heading to nearby Zaporizhzhia in eastern Ukraine, Zaporizhzhia's regional governor said.

“We are waiting in Zaporizhzhia,” Governor Oleksandr Starukh said on Telegram.

Earlier, Russia's defence ministry said it would open humanitarian corridors from Kyiv, Sumy, Kharkiv, Mariupol and Chernihiv.

Mr Zelenskyy said not a single civilian had been able to leave Mariupol on Thursday although Ukrainian authorities had managed to remove almost 40,000 people from five other cities.

He blamed Russian shelling for the failure of the Mariupol evacuation attempt.

Russia blames Ukraine for the collapse of humanitarian corridors and denies targeting civilians.

Meanwhile, the Ukrainian ambassador to Japan, Sergiy Korsunsky, said on Friday it was possible Mr Putin would be willing to use nuclear weapons against Ukraine.

“We will fight until the end, we are not going to live in a Russia-managed state,” Mr Korsunsky told Reuters.

“There is no reason to believe that he [Putin] can threaten us, as he thinks, to the state that we will overthrow our government and … embrace Russia after what they have done to us. No way. Therefore he may use nuclear weapons.”

Late last month, Mr Putin ordered his military command to put Russia's deterrent forces, which include nuclear arms, on high alert, citing what he called aggressive statements by Nato leaders and western economic sanctions against Moscow.

Mr Putin has not directly threatened to use nuclear arms.

But while announcing the military operation in Ukraine last month, he said after referring to Russia's powerful nuclear arsenal: “Whoever tries to hinder us … should know that Russia's response will be immediate. And it will lead you to such consequences that you have never encountered in your history.”

Mr Korsunsky said that Ukraine was relying on its allies to help avoid any kind of escalation.

Meanwhile, EU leaders are holding a summit at Versailles Palace outside Paris, which is expected to be dominated by calls for more action to punish Russia, assist Ukraine and cope with an influx of about 2.5 million refugees.

Western countries have moved swiftly to isolate Russia from world trade and the global financial system.

In the latest move, US President Joe Biden will ask the Group of Seven industrialised countries to strip Russia of normal trade rights, known as “most favoured nation status”, sources told Reuters.

That would mean Russian goods could be subject to new tariffs.

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Stuck in a job without a pay rise? Here's what to do

Chris Greaves, the managing director of Hays Gulf Region, says those without a pay rise for an extended period must start asking questions – both of themselves and their employer.

“First, are they happy with that or do they want more?” he says. “Job-seeking is a time-consuming, frustrating and long-winded affair so are they prepared to put themselves through that rigmarole? Before they consider that, they must ask their employer what is happening.”

Most employees bring up pay rise queries at their annual performance appraisal and find out what the company has in store for them from a career perspective.

Those with no formal appraisal system, Mr Greaves says, should ask HR or their line manager for an assessment.

“You want to find out how they value your contribution and where your job could go,” he says. “You’ve got to be brave enough to ask some questions and if you don’t like the answers then you have to develop a strategy or change jobs if you are prepared to go through the job-seeking process.”

For those that do reach the salary negotiation with their current employer, Mr Greaves says there is no point in asking for less than 5 per cent.

“However, this can only really have any chance of success if you can identify where you add value to the business (preferably you can put a monetary value on it), or you can point to a sustained contribution above the call of duty or to other achievements you think your employer will value.”

 

Men’s singles 
Group A:
Son Wan-ho (Kor), Lee Chong Wei (Mas), Ng Long Angus (HK), Chen Long (Chn)
Group B: Kidambi Srikanth (Ind), Shi Yugi (Chn), Chou Tien Chen (Tpe), Viktor Axelsen (Den)

Women’s Singles 
Group A:
Akane Yamaguchi (Jpn), Pusarla Sindhu (Ind), Sayaka Sato (Jpn), He Bingjiao (Chn)
Group B: Tai Tzu Ying (Tpe), Sung Hi-hyun (Kor), Ratchanok Intanon (Tha), Chen Yufei (Chn)

Company%C2%A0profile
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ZIMBABWE V UAE, ODI SERIES

All matches at the Harare Sports Club:

1st ODI, Wednesday - Zimbabwe won by 7 wickets

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

Electric scooters: some rules to remember
  • Riders must be 14-years-old or over
  • Wear a protective helmet
  • Park the electric scooter in designated parking lots (if any)
  • Do not leave electric scooter in locations that obstruct traffic or pedestrians
  • Solo riders only, no passengers allowed
  • Do not drive outside designated lanes
The years Ramadan fell in May

1987

1954

1921

1888

The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

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.”

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Company profile

Company name: Dharma

Date started: 2018

Founders: Charaf El Mansouri, Nisma Benani, Leah Howe

Based: Abu Dhabi

Sector: TravelTech

Funding stage: Pre-series A 

Investors: Convivialite Ventures, BY Partners, Shorooq Partners, L& Ventures, Flat6Labs

Stage result

1. Jasper Philipsen (Bel) Alpecin-Fenix 4:42:34

2. Sam Bennett (Irl) Bora-Hansgrohe

3. Elia Viviani (Ita) Ineos Grenadiers

4. Dylan Groenewegen (Ned) BikeExchange-Jayco

5. Emils Liepins (Lat) Trek-Segafredo

6. Arnaud Demare (Fra) Groupama-FDJ

7. Max Kanter (Ger) Movistar Team

8. Olav Kooij (Ned) Jumbo-Visma

9. Tom Devriendt (Bel) Intermarché-Wanty-Gobert Matériaux

10. Pascal Ackermann (Ger) UAE Team Emirate

WHAT%20ARE%20THE%20PRODUCTS%20WITHIN%20THE%20THREE%20MAJOR%20CATEGORIES%3F
%3Cp%3E%3Cstrong%3EAdvanced%20materials%3A%3C%2Fstrong%3E%20specifically%20engineered%20to%20exhibit%20novel%20or%20enhanced%20properties%2C%20that%20confer%20superior%20performance%20relative%20to%20conventional%20materials%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EAdvanced%20components%3A%3C%2Fstrong%3E%20includes%20semiconductor%20components%2C%20such%20as%20microprocessors%20and%20other%20computer%20chips%2C%20and%20computer%20vision%20components%20such%20as%20lenses%20and%20image%20sensors%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EAdvanced%20products%3A%3C%2Fstrong%3E%20includes%20personal%20electronics%2C%20smart%20home%20devices%20and%20space%20technologies%2C%20along%20with%20industry-enabling%20products%20such%20as%20robots%2C%203D%20printing%20equipment%20and%20exoskeletons%3C%2Fp%3E%0A%3Cp%3E%3Cem%3ESource%3A%20Strategy%26amp%3B%3C%2Fem%3E%3C%2Fp%3E%0A
Updated: March 11, 2022, 3:31 PM