Pro-Palestinian protesters are pushed of Waterloo station by police. EPA
Pro-Palestinian protesters are pushed of Waterloo station by police. EPA
Pro-Palestinian protesters are pushed of Waterloo station by police. EPA
Pro-Palestinian protesters are pushed of Waterloo station by police. EPA

Pro-Palestinian rallies target Keir Starmer and UK rail stations


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Pro-Palestinian protesters staged rallies across Britain including London where a busy rail station and the offices of Labour leader Keir Starmer were targeted.

More than 100 smaller rallies were held across the country with London the host for 10 separate events, including Islington where protesters gather at Mr Starmer's office, and in Tower Hamlets east of the capital.

About 100 pro-Palestinian demonstrators were removed from London's Waterloo station – with other rail stations seeing similar protests – after holding a sit-in demanding a ceasefire in Gaza.

The group chanted: “Free, free Palestine”; “Sit down, join us”; and “From the river to the sea, Palestine will be free” as they protested in the centre of Waterloo.

Police officers surrounded the protesters before they were escorted from the station, with at least two demonstrators carried out.

Hundreds of other protesters rallied outside Mr Starmer's constituency office in Camden, north London, calling for a ceasefire and blocking the road.

Palestinian Nida Badawi told the crowd: “I know we're restless. For the past 40 days, over 40 days, I feel like my heart's been ripped out of my body.

“I'm just here to remind you while we're standing here, it's not the time to stay quiet. They need to hear our voices.”

Earlier in the week, 56 Labour MPs defied Mr Starmer's position of advocating for pauses in fighting so that they could support a ceasefire in a House of Commons vote.

A spokeswoman for the Stop The War Coalition said Saturday’s smaller rallies will be followed by a nationwide demonstration a week later.

“Groups around the country are organising local rallies and marches to basically build for the national demonstration that has been called for next Saturday,” she said.

Ben Jamal, director of the Palestine Solidarity Campaign, said the rallies were aimed to show that “ordinary people” support a ceasefire.

In Glasgow, politicians from the Scottish National Party (SNP), Scottish Labour and the Scottish Greens addressed a crowd of about 18,000 people.

SNP MP Anum Qaisar said: “11,000 people have been massacred in Gaza, almost half of whom are children. Over 1,000 people killed in Israel by the atrocious attack by Hamas. These numbers are rising and they will continue to rise daily unless there's an immediate ceasefire.”

British Transport Police (BTP) said at least five protesters were arrested at Waterloo station.

Sit-in protests were also held at other major UK train stations despite increased policing across railway networks.

Footage shared on social media showed a small crowd sitting on the floor in Manchester Victoria Station, while the force confirmed another group of around 25 had done the same at Leeds station.

The Metropolitan Police said that a “significant” policing operation was planned for the capital this weekend.

They said they would station officers in areas “with significant Jewish or Muslim communities”, which they said “continue to experience increased uncertainty and fear in light of events in the Middle East and their impact here in London”.

Temporary Commander Karen Findlay, who is leading the operation, said: “While there is no single large central protest event on Saturday, our policing priorities remain the same across the local events that are due to take place.

“Regrettably, while the majority of protesters coming out in recent weeks have been peaceful, we have continued to see people taking part in offensive chanting or intentionally carrying placards that cross the line from political statements into racially or religiously aggravated offences,” she said.

The BTP have issued Section 14a orders prohibiting protests on Saturday at many of London’s main rail stations.

The orders will be in place between 10am and 11pm at Waterloo, Charing Cross, King’s Cross, London Bridge, Euston, Liverpool Street, Marylebone, Paddington, Victoria and St Pancras.

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How much do leading UAE’s UK curriculum schools charge for Year 6?
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*Annual tuition fees covering the 2024/2025 academic year

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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The most expensive investment mistake you will ever make

When is the best time to start saving in a pension? The answer is simple – at the earliest possible moment. The first pound, euro, dollar or dirham you invest is the most valuable, as it has so much longer to grow in value. If you start in your twenties, it could be invested for 40 years or more, which means you have decades for compound interest to work its magic.

“You get growth upon growth upon growth, followed by more growth. The earlier you start the process, the more it will all roll up,” says Chris Davies, chartered financial planner at The Fry Group in Dubai.

This table shows how much you would have in your pension at age 65, depending on when you start and how much you pay in (it assumes your investments grow 7 per cent a year after charges and you have no other savings).

Age

$250 a month

$500 a month

$1,000 a month

25

$640,829

$1,281,657

$2,563,315

35

$303,219

$606,439

$1,212,877

45

$131,596

$263,191

$526,382

55

$44,351

$88,702

$177,403

 

The biog

Name: Greg Heinricks

From: Alberta, western Canada

Record fish: 56kg sailfish

Member of: International Game Fish Association

Company: Arabian Divers and Sportfishing Charters

Updated: November 18, 2023, 8:11 PM