Shehbaz Sharif, 70, the person most likely to be Pakistan's next prime minister, is not well known outside his home country, but has a reputation domestically more as an effective administrator than a politician.
The younger brother of three-time prime minister Nawaz Sharif, Shehbaz led a successful bid by the opposition in parliament to topple Imran Khan in a no-confidence vote early on Sunday that Mr Khan's supporters tried for hours to block.
Who is Shehbaz Sharif?
Analysts say Shehbaz, unlike his brother Nawaz, enjoys amicable relations with Pakistan's military, which traditionally controls foreign and defence policy in the nuclear-armed nation of 220 million people.
Pakistan's generals have directly intervened to topple civilian governments three times — and no prime minister has finished a full five-year term since the South Asian state's independence from Britain in 1947.
Shehbaz, part of the wealthy Sharif dynasty, is best-known for his direct, “can-do” administrative style, which was on display when, as chief minister of Punjab province, he worked closely with China on Beijing-funded projects.
He also said in an interview last week that good relations with the US were critical for Pakistan for better or for worse, in stark contrast to Mr Khan's recently antagonistic relationship with Washington.
Once Shehbaz takes office, analysts say he faces immediate challenges, not least Pakistan's crumbling economy, which has been hit by high inflation, a tumbling local currency and rapidly declining foreign exchange reserves.
Analysts also say Shehbaz will not act with complete independence as he will have to work on a collective agenda with the other opposition parties and his brother.
Nawaz has lived for the past two years in London since being released from jail — where he was serving a sentence for corruption — for medical treatment.
How is he viewed within politics?
As chief minister of Punjab, Pakistan's most populous province, Shehbaz planned and executed a number of ambitious infrastructure mega-projects, including the country's first modern mass transport system, in his home town, the eastern city of Lahore.
Local media reported that the departing Chinese consul general wrote to Shehbaz last year praising his “Punjab speed” execution of projects under the huge China-Pakistan Economic Corridor (CPEC) initiative.
The diplomat also said Shehbaz and his party would be friends of China in government or in opposition.
On Afghanistan, Islamabad is under international pressure to prod the Taliban to meet its human rights commitments while trying to limit instability there.
Unlike Mr Khan, who has regularly denounced India's Hindu nationalist Prime Minister Narendra Modi, the Sharif political dynasty has been dovish towards the fellow nuclear-armed neighbour, with which Pakistan has fought three wars.
In terms of his relationship with the powerful military, Shehbaz has long played the public good cop to Nawaz's bad cop, with the latter having had several public spats with the army.
Who are the Sharifs?
Shehbaz was born in Lahore, to a wealthy industrial family and educated locally. After that, he entered the family business and jointly owns a Pakistani steel company.
He entered politics in Punjab, becoming its chief minister for the first time in 1997, before he was caught up in national political upheaval and imprisoned after a military coup. He was then sent into exile in Saudi Arabia in 2000.
Shehbaz returned from exile in 2007 to resume his political career, again in Punjab.
He entered the national political scene when he became the chief of the Pakistan Muslim League-Nawaz (PML-N) party, after Nawaz was found guilty in 2017 on charges of concealing assets related to the Panama Papers revelations.
The Sharif family and supporters say the cases were politically motivated.
Both brothers have faced numerous corruption cases filed by the National Accountability Bureau, including under Mr Khan's premiership, but Shehbaz has not been found guilty on any charges.
Why is he being elected now?
No prime minister has completed a full five-year tenure in Pakistan's 75-year history — a trend extended with the ousting of Mr Khan.
Pakistan, a parliamentary democracy for most of its history, has had a total of 29 prime ministers since 1947 — one of whom took on the role twice in one year.
Prime ministers have been removed 18 times for different reasons, including corruption charges, military coups, forced resignations caused by infighting among ruling groups, and one assassination.
In 1993, there were five changes in the role.
The shortest tenure for a prime minister in the country's history was two weeks, while the longest was four years and two months.
Nawaz Sharif was elected prime minister three times — in 1990, 1997 and 2013 — the most for a single candidate.
The Bio
Hometown: Bogota, Colombia
Favourite place to relax in UAE: the desert around Al Mleiha in Sharjah or the eastern mangroves in Abu Dhabi
The one book everyone should read: 100 Years of Solitude by Gabriel Garcia Marquez. It will make your mind fly
Favourite documentary: Chasing Coral by Jeff Orlowski. It's a good reality check about one of the most valued ecosystems for humanity
Name: Peter Dicce
Title: Assistant dean of students and director of athletics
Favourite sport: soccer
Favourite team: Bayern Munich
Favourite player: Franz Beckenbauer
Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates
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.”
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
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Saudi Cup race day
Schedule in UAE time
5pm: Mohamed Yousuf Naghi Motors Cup (Turf), 5.35pm: 1351 Cup (T), 6.10pm: Longines Turf Handicap (T), 6.45pm: Obaiya Arabian Classic for Purebred Arabians (Dirt), 7.30pm: Jockey Club Handicap (D), 8.10pm: Samba Saudi Derby (D), 8.50pm: Saudia Sprint (D), 9.40pm: Saudi Cup (D)
'Top Gun: Maverick'
Rating: 4/5
Directed by: Joseph Kosinski
Starring: Tom Cruise, Val Kilmer, Jennifer Connelly, Jon Hamm, Miles Teller, Glen Powell, Ed Harris
Tips to stay safe during hot weather
- Stay hydrated: Drink plenty of fluids, especially water. Avoid alcohol and caffeine, which can increase dehydration.
- Seek cool environments: Use air conditioning, fans, or visit community spaces with climate control.
- Limit outdoor activities: Avoid strenuous activity during peak heat. If outside, seek shade and wear a wide-brimmed hat.
- Dress appropriately: Wear lightweight, loose and light-coloured clothing to facilitate heat loss.
- Check on vulnerable people: Regularly check in on elderly neighbours, young children and those with health conditions.
- Home adaptations: Use blinds or curtains to block sunlight, avoid using ovens or stoves, and ventilate living spaces during cooler hours.
- Recognise heat illness: Learn the signs of heat exhaustion and heat stroke (dizziness, confusion, rapid pulse, nausea), and seek medical attention if symptoms occur.
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Zakat definitions
Zakat: an Arabic word meaning ‘to cleanse’ or ‘purification’.
Nisab: the minimum amount that a Muslim must have before being obliged to pay zakat. Traditionally, the nisab threshold was 87.48 grams of gold, or 612.36 grams of silver. The monetary value of the nisab therefore varies by current prices and currencies.
Zakat Al Mal: the ‘cleansing’ of wealth, as one of the five pillars of Islam; a spiritual duty for all Muslims meeting the ‘nisab’ wealth criteria in a lunar year, to pay 2.5 per cent of their wealth in alms to the deserving and needy.
Zakat Al Fitr: a donation to charity given during Ramadan, before Eid Al Fitr, in the form of food. Every adult Muslim who possesses food in excess of the needs of themselves and their family must pay two qadahs (an old measure just over 2 kilograms) of flour, wheat, barley or rice from each person in a household, as a minimum.
More from Rashmee Roshan Lall
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
Results
5pm: Maiden (PA) Dh80,000 (Turf) 2,200m; Winner: Gurm, Antonio Fresu (jockey), Eric Lemartinel (trainer)
5.30pm: Handicap (PA) Dh80,000 (T) 1,600m; Winner: Al Nafece, Al Muatasm Al Balushi, Mohammed Ramadan
6pm: Wathba Stallions Cup Handicap (PA) Dh70,000 (T) 1,200m; Winner: Ashton Tourettes, Adrie de Vries, Ibrahim Aseel
6.30pm: Arabian Triple Crown – Group 3 (PA) Dh300,000 (T) 2,200m; Winner: Ottoman, Adrie de Vries, Abdallah Al Hammadi
7pm: Liwa Oasis – Group 2 (PA) 300,000 (T) 1,400m; Winner: Hakeemat Muscat, Szczepan Mazur, Ibrahim Al Hadhrami
7.30pm: Handicap (TB) Dh80,000 (T) 1,600m; Winner: Ganbaru, Antonio Fresu, Musabah Al Muhairi
The drill
Recharge as needed, says Mat Dryden: “We try to make it a rule that every two to three months, even if it’s for four days, we get away, get some time together, recharge, refresh.” The couple take an hour a day to check into their businesses and that’s it.
Stick to the schedule, says Mike Addo: “We have an entire wall known as ‘The Lab,’ covered with colour-coded Post-it notes dedicated to our joint weekly planner, content board, marketing strategy, trends, ideas and upcoming meetings.”
Be a team, suggests Addo: “When training together, you have to trust in each other’s abilities. Otherwise working out together very quickly becomes one person training the other.”
Pull your weight, says Thuymi Do: “To do what we do, there definitely can be no lazy member of the team.”