Sri Lanka's Prime Minister Ranil Wickremesinghe arrives at a Buddhist temple in Colombo after his swearing-in ceremony on Thursday. Reuters
Sri Lanka's Prime Minister Ranil Wickremesinghe arrives at a Buddhist temple in Colombo after his swearing-in ceremony on Thursday. Reuters
Sri Lanka's Prime Minister Ranil Wickremesinghe arrives at a Buddhist temple in Colombo after his swearing-in ceremony on Thursday. Reuters
Sri Lanka's Prime Minister Ranil Wickremesinghe arrives at a Buddhist temple in Colombo after his swearing-in ceremony on Thursday. Reuters

New Sri Lanka PM Ranil Wickremesinghe struggles to form government


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Sri Lanka's Prime Minister Ranil Wickremesinghe suffered his first setback after taking office on Thursday when a leading opposition MP rejected his invitation to take the post of finance minister in a unity government.

Mr Wickremesinghe, 73, was appointed after his predecessor Mahinda Rajapksa resigned amid violent nationwide protests over an economic crisis that has caused months of shortages, rising prices and blackouts.

The veteran politician, who has been prime minister five times before, said he was confident of getting enough support to steer the country through the crisis and approached several potential allies to join his administration.

But on Friday opposition MP Harsha de Silva, an economist, publicly rejected an overture to take charge of the nation's finances and said he would instead push for the government's resignation.

People are not asking for political games and deals, they want a new system that will safeguard their future
Harsha de Silva,
MP

“People are not asking for political games and deals, they want a new system that will safeguard their future,” he said in a statement.

He said he was joining “the people's struggle” to topple President Gotabaya Rajapaksa, the former prime minister’s younger brother, and would not support any political settlement that left the leader in place.

Mr De Silva is a member of the Samagi Jana Balawegaya (SJB) party, the largest opposition grouping in parliament, which had appeared ready to split over the question of whether to support Mr Wickremesinghe.

But the head of the possible splinter faction, Harin Fernando, said on Friday he had returned to the fold.

"I will not support Wickremesinghe's government," Mr Fernando told AFP.

Two smaller parties also signalled that they would not join a unity government.

The Tamil National Alliance said Mr Rajapaksa's administration had "completely lost legitimacy" with the appointment of Mr Wickremesinghe, who most recently held office in 2019.

The leftist People's Liberation Front (JVP) meanwhile said new national elections were the only way out of the current impasse.

Mr Wickremesinghe is the only member of parliament from his United National Party and must rely on rival political parties to form a government. An alliance led by the president and his brother holds about 100 of parliament's 225 seats, while the opposition has 58 seats. The rest are independent.

Hundreds of people remain camped at a protest site in the capital Colombo, demanding that Mr Rajapaksa step down.

  • Violence raged across Sri Lanka late into the night on Monday, with five people dead and some 180 injured. AFP
    Violence raged across Sri Lanka late into the night on Monday, with five people dead and some 180 injured. AFP
  • Sri Lanka's pro-government supporters vandalise camps of anti government protestors outside the president's office in Colombo. AP Photo
    Sri Lanka's pro-government supporters vandalise camps of anti government protestors outside the president's office in Colombo. AP Photo
  • Sri Lankan Prime Minister Mahinda Rajapaksa quit on May 9 after a day of violence saw four people, including an MP, killed. AFP
    Sri Lankan Prime Minister Mahinda Rajapaksa quit on May 9 after a day of violence saw four people, including an MP, killed. AFP
  • Government supporters armed with sticks and clubs attack protestors. AFP
    Government supporters armed with sticks and clubs attack protestors. AFP
  • Demonstrators scuffle with police outside the president's office in Colombo. AFP
    Demonstrators scuffle with police outside the president's office in Colombo. AFP
  • Demonstrators and government supporters clash. AFP
    Demonstrators and government supporters clash. AFP
  • Police personnel stand guard outside the president's office. AFP
    Police personnel stand guard outside the president's office. AFP
  • Destroyed vehicles litter the street after anti-government protesters rioted in Colombo. AFP
    Destroyed vehicles litter the street after anti-government protesters rioted in Colombo. AFP
  • Pro-government supporters hold Prime Minister Mahinda Rajapaksa's portrait while protesting. AFP
    Pro-government supporters hold Prime Minister Mahinda Rajapaksa's portrait while protesting. AFP
  • A bus burns close to Sri Lanka's outgoing Prime Minister Mahinda Rajapaksa's official residence in Colombo. AFP
    A bus burns close to Sri Lanka's outgoing Prime Minister Mahinda Rajapaksa's official residence in Colombo. AFP
  • Anti-government protesters destroy a bus in Colombo. AFP
    Anti-government protesters destroy a bus in Colombo. AFP
  • Army personnel stand guard outside the president's office in Colombo. AFP
    Army personnel stand guard outside the president's office in Colombo. AFP
  • Supporters of the Sri Lankan government attempt to block a police water canon truck. AFP
    Supporters of the Sri Lankan government attempt to block a police water canon truck. AFP
  • People gather near a burning bus in Colombo. AFP
    People gather near a burning bus in Colombo. AFP
  • Anti-government demonstrators set fire to the house owned by Cabinet Minister Sanath Nishantha. Reuters
    Anti-government demonstrators set fire to the house owned by Cabinet Minister Sanath Nishantha. Reuters
  • Sri Lankans push a bus, transporting government supporters who attacked anti-government protesters, into a lake in Colombo. AP Photo
    Sri Lankans push a bus, transporting government supporters who attacked anti-government protesters, into a lake in Colombo. AP Photo
  • A policeman fires tear gas during a clash. AFP
    A policeman fires tear gas during a clash. AFP
  • Sri Lankan Prime Minister Mahinda Rajapaksa resigned on Monday over the country’s dire economic state and violence at mass protests outside his home in Colombo, his spokesman Rohan Weliwita said. AP
    Sri Lankan Prime Minister Mahinda Rajapaksa resigned on Monday over the country’s dire economic state and violence at mass protests outside his home in Colombo, his spokesman Rohan Weliwita said. AP
  • Demonstrators and government supporters clash outside the official residence of Mahinda Rajapaksa, 76, who offered his resignation to his younger brother, President Gotabaya Rajapaksa. AFP
    Demonstrators and government supporters clash outside the official residence of Mahinda Rajapaksa, 76, who offered his resignation to his younger brother, President Gotabaya Rajapaksa. AFP
  • A man suffers after being sprayed with tear gas as cars burn on the streets of Colombo, Sri Lanka. AP
    A man suffers after being sprayed with tear gas as cars burn on the streets of Colombo, Sri Lanka. AP
  • Paramilitary police arrive as demonstrators and government supporters clash. AFP
    Paramilitary police arrive as demonstrators and government supporters clash. AFP
  • Sri Lankan government supporters cheer outside the prime minister's residence in Colombo. AP
    Sri Lankan government supporters cheer outside the prime minister's residence in Colombo. AP
  • Supporters of the ruling party run as riot police fire tear gas during clashes in Colombo, amid the country's economic crisis. Reuters
    Supporters of the ruling party run as riot police fire tear gas during clashes in Colombo, amid the country's economic crisis. Reuters
  • A policeman stands guard in riot gear. AP
    A policeman stands guard in riot gear. AP
  • Water cannon are fired during a confrontation with anti-government demonstrators. Reuters
    Water cannon are fired during a confrontation with anti-government demonstrators. Reuters
  • Supporters of Sri Lanka's ruling party run in Colombo as police fire tear gas during a clash with anti-government demonstrators. Reuters
    Supporters of Sri Lanka's ruling party run in Colombo as police fire tear gas during a clash with anti-government demonstrators. Reuters
  • A Sri Lankan Catholic priest, centre in a white robe, is among anti-government protesters being attacked by supporters of the ruling party outside the prime minister's residence. AP
    A Sri Lankan Catholic priest, centre in a white robe, is among anti-government protesters being attacked by supporters of the ruling party outside the prime minister's residence. AP
  • Tears after anti-government protesters were attacked by supporters of the ruling party in Colombo. AP
    Tears after anti-government protesters were attacked by supporters of the ruling party in Colombo. AP
  • Violence flares between demonstrators and government supporters outside the president's office in Colombo. AFP
    Violence flares between demonstrators and government supporters outside the president's office in Colombo. AFP
  • Activists stage a mock ritual to 'exorcise demons' outside the official residence of Sri Lanka's prime minister. AFP
    Activists stage a mock ritual to 'exorcise demons' outside the official residence of Sri Lanka's prime minister. AFP

Populist tax cuts and other policies introduced by the Rajapksa brothers since 2019, as well as the effects of the Covid pandemic and rising oil prices, have drained Sri Lanka’s foreign exchange reserves and caused rampant inflation and fuel shortages.

Sri Lanka's central bank chief warned this week that the island nation's economy was just days from “collapse beyond redemption” unless a new government was urgently appointed.

A month of relatively peaceful protests turned violent on Monday as Rajapaksa supporters and protesters clashed outside the president’s office. At least nine people died and more than 300 were injured as the violence spread across the country.

Mahinda Rajapaksa resigned the same day and has taken refuge at the Trincomalee naval base in Sri Lanka's east. He has been banned by a court from leaving the country.

Troops have largely restored order and a nationwide curfew has been in effect for most of the week.

Mr Wickremesinghe is seen as a pro-West free-market reformist, potentially making bailout negotiations with the International Monetary Fund and others smoother.

But it remains to be seen whether a new cabinet will be enough to calm public anger if Mr Rajapaksa continues to resist calls for his resignation.

“We will stop this struggle when our people get justice,” said Chamalage Shivakumar, one of the protesters.

“Whoever they appoint as prime minister, we will not stop this struggle until people get relief,” he told Reuters.

With reporting from agencies.

Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

SPEC%20SHEET%3A%20APPLE%20IPHONE%2014%20PRO%20MAX
%3Cp%3E%3Cstrong%3EDisplay%3A%3C%2Fstrong%3E%206.7%22%20Super%20Retina%20XDR%20OLED%2C%202796%20x%201290%2C%20460ppi%2C%20120Hz%2C%202000%20nits%20max%2C%20HDR%2C%20True%20Tone%2C%20P3%2C%20always-on%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EProcessor%3A%3C%2Fstrong%3E%20A16%20Bionic%2C%206-core%20CPU%2C%205-core%20GPU%2C%2016-core%20Neural%20Engine%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMemory%3A%3C%2Fstrong%3E%206GB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECapacity%3A%3C%2Fstrong%3E%20128%2F256%2F512GB%20%2F%201TB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPlatform%3A%3C%2Fstrong%3E%20iOS%2016%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMain%20camera%3A%3C%2Fstrong%3E%20Triple%2048MP%20main%20(f%2F1.78)%20%2B%2012MP%20ultra-wide%20(f%2F2.2)%20%2B%2012MP%20telephoto%20(f%2F2.8)%2C%206x%20optical%2C%2015x%20digital%2C%20Photonic%20Engine%2C%20Deep%20Fusion%2C%20Smart%20HDR%204%2C%20Portrait%20Lighting%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMain%20camera%20video%3A%3C%2Fstrong%3E%204K%20%40%2024%2F25%2F30%2F60fps%2C%20full-HD%20%40%2025%2F30%2F60fps%2C%20HD%20%40%2030fps%2C%20slo-mo%20%40%20120%2F240fps%2C%20ProRes%20(4K)%20%40%2030fps%3B%20night%2C%20time%20lapse%2C%20cinematic%2C%20action%20modes%3B%20Dolby%20Vision%2C%204K%20HDR%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFront%20camera%3A%3C%2Fstrong%3E%2012MP%20TrueDepth%20(f%2F1.9)%2C%20Photonic%20Engine%2C%20Deep%20Fusion%2C%20Smart%20HDR%204%2C%20Portrait%20Lighting%3B%20Animoji%2C%20Memoji%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFront%20camera%20video%3A%3C%2Fstrong%3E%C2%A04K%20%40%2024%2F25%2F30%2F60fps%2C%20full-HD%20%40%2025%2F30%2F60fps%2C%20slo-mo%20%40%20120%2F240fps%2C%20ProRes%20(4K)%20%40%2030fps%3B%20night%2C%20time%20lapse%2C%20cinematic%2C%20action%20modes%3B%20Dolby%20Vision%2C%204K%20HDR%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBattery%3A%3C%2Fstrong%3E%204323mAh%2C%20up%20to%2029h%20video%2C%2025h%20streaming%20video%2C%2095h%20audio%3B%20fast%20charge%20to%2050%25%20in%2030min%3B%20MagSafe%2C%20Qi%20wireless%20charging%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EConnectivity%3A%3C%2Fstrong%3E%20Wi-Fi%2C%20Bluetooth%205.3%2C%20NFC%20(Apple%20Pay)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBiometrics%3A%3C%2Fstrong%3E%20Face%20ID%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EI%2FO%3A%3C%2Fstrong%3E%20Lightning%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EDurability%3A%3C%2Fstrong%3E%20IP68%2C%20dust%2Fsplash%2Fwater%20resistant%20up%20to%206m%20up%20to%2030min%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECards%3A%3C%2Fstrong%3E%20Dual%20eSIM%20%2F%20eSIM%20%2B%20eSIM%20(US%20models%20use%20eSIMs%20only)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EColours%3A%3C%2Fstrong%3E%20Deep%20purple%2C%20gold%2C%20silver%2C%20space%20black%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIn%20the%20box%3A%3C%2Fstrong%3E%20iPhone%2014%20Pro%20Max%2C%20USB-C-to-Lightning%20cable%2C%20one%20Apple%20sticker%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20Dh4%2C699%20%2F%20Dh5%2C099%20%2F%20Dh5%2C949%20%2F%20Dh6%2C799%3C%2Fp%3E%0A

England's all-time record goalscorers:
Wayne Rooney 53
Bobby Charlton 49
Gary Lineker 48
Jimmy Greaves 44
Michael Owen 40
Tom Finney 30
Nat Lofthouse 30
Alan Shearer 30
Viv Woodward 29
Frank Lampard 29

MISSION: IMPOSSIBLE – FINAL RECKONING

Director: Christopher McQuarrie

Starring: Tom Cruise, Hayley Atwell, Simon Pegg

Rating: 4/5

What%20is%20Dungeons%20%26%20Dragons%3F%20
%3Cp%3EDungeons%20%26amp%3B%20Dragons%20began%20as%20an%20interactive%20game%20which%20would%20be%20set%20up%20on%20a%20table%20in%201974.%20One%20player%20takes%20on%20the%20role%20of%20dungeon%20master%2C%20who%20directs%20the%20game%2C%20while%20the%20other%20players%20each%20portray%20a%20character%2C%20determining%20its%20species%2C%20occupation%20and%20moral%20and%20ethical%20outlook.%20They%20can%20choose%20the%20character%E2%80%99s%20abilities%2C%20such%20as%20strength%2C%20constitution%2C%20dexterity%2C%20intelligence%2C%20wisdom%20and%20charisma.%20In%20layman%E2%80%99s%20terms%2C%20the%20winner%20is%20the%20one%20who%20amasses%20the%20highest%20score.%3C%2Fp%3E%0A
UAE currency: the story behind the money in your pockets
Despacito's dominance in numbers

Released: 2017

Peak chart position: No.1 in more than 47 countries, including the United States, the United Kingdom, Australia and Lebanon

Views: 5.3 billion on YouTube

Sales: With 10 million downloads in the US, Despacito became the first Latin single to receive Diamond sales certification

Streams: 1.3 billion combined audio and video by the end of 2017, making it the biggest digital hit of the year.

Awards: 17, including Record of the Year at last year’s prestigious Latin Grammy Awards, as well as five Billboard Music Awards

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates

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.”

Christopher Robin
Starring: Ewan McGregor, Haley Atwell, Jim Cummings, Peter Capaldi
Three stars

Evacuations to France hit by controversy
  • Over 500 Gazans have been evacuated to France since November 2023
  • Evacuations were paused after a student already in France posted anti-Semitic content and was subsequently expelled to Qatar
  • The Foreign Ministry launched a review to determine how authorities failed to detect the posts before her entry
  • Artists and researchers fall under a programme called Pause that began in 2017
  • It has benefited more than 700 people from 44 countries, including Syria, Turkey, Iran, and Sudan
  • Since the start of the Gaza war, it has also included 45 Gazan beneficiaries
  • Unlike students, they are allowed to bring their families to France
The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet
THE SPECS

Engine: 3.5-litre supercharged V6

Power: 416hp at 7,000rpm

Torque: 410Nm at 3,500rpm

Transmission: 6-speed manual

Fuel consumption: 10.2 l/100km

Price: Dh375,000 

On sale: now 

Specs

Price, base: Dhs850,000
Engine: 3.9-litre twin-turbo V8
Transmission: Seven-speed automatic
Power: 591bhp @ 7,500rpm
Torque: 760Nm @ 3,000rpm
Fuel economy, combined: 11.3L / 100km

Guide to intelligent investing
Investing success often hinges on discipline and perspective. As markets fluctuate, remember these guiding principles:
  • Stay invested: Time in the market, not timing the market, is critical to long-term gains.
  • Rational thinking: Breathe and avoid emotional decision-making; let logic and planning guide your actions.
  • Strategic patience: Understand why you’re investing and allow time for your strategies to unfold.
 
 
Gulf Under 19s final

Dubai College A 50-12 Dubai College B

World record transfers

1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m

Sting & Shaggy

44/876

(Interscope)

AWARDS
%3Cp%3E%3Cstrong%3EBest%20Male%20black%20belt%3A%20%3C%2Fstrong%3ELucas%20Protasio%20(BRA)%3Cbr%3E%3Cstrong%3EBest%20female%20black%20belt%3A%20%3C%2Fstrong%3EJulia%20Alves%20(BRA)%3Cbr%3E%3Cstrong%3EBest%20Masters%20black%20belt%3A%3C%2Fstrong%3E%20Igor%20Silva%20(BRA)%3Cbr%3E%3Cstrong%3EBest%20Asian%20Jiu-Jitsu%20Federation%3A%3C%2Fstrong%3E%20Kazakhstan%3Cbr%3E%3Cstrong%3EBest%20Academy%20in%20UAE%3A%20%3C%2Fstrong%3ECommando%20Group%2C%20Abu%20Dhabi%3Cbr%3E%3Cstrong%3EBest%20International%20Academy%3A%3C%2Fstrong%3E%20Commando%20Group%2C%20Abu%20Dhabi%3Cbr%3E%3Cstrong%3EAfrican%20Player%20of%20the%20Year%3A%20%3C%2Fstrong%3EKatiuscia%20Yasmira%20Dias%20(GNB)%3Cbr%3E%3Cstrong%3EOceanian%20Player%20of%20the%20Year%3A%20%3C%2Fstrong%3EAnton%20Minenko%20(AUS)%3Cbr%3E%3Cstrong%3EEuropean%20Player%20of%20the%20Year%3A%3C%2Fstrong%3E%20Rose%20El%20Sharouni%20(NED)%3Cbr%3E%3Cstrong%3ENorth%20and%20Central%20American%20Player%20of%20the%20Year%3A%20%3C%2Fstrong%3EAlexa%20Yanes%20(USA)%3Cbr%3E%3Cstrong%3EAsian%20Player%20of%20the%20Year%3A%20%3C%2Fstrong%3EZayed%20Al%20Katheeri%20(UAE)%3Cbr%3E%3Cstrong%3ERookie%20of%20the%20Year%3A%3C%2Fstrong%3E%20Rui%20Neto%20(BRA)Rui%20Neto%20(BRA)%3C%2Fp%3E%0A
FIVE%20TRENDS%20THAT%20WILL%20SHAPE%20UAE%20BANKING
%3Cp%3E%E2%80%A2%20The%20digitisation%20of%20financial%20services%20will%20continue%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Managing%20and%20using%20data%20effectively%20will%20become%20a%20competitive%20advantage%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Digitisation%20will%20require%20continued%20adjustment%20of%20operating%20models%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Banks%20will%20expand%20their%20role%20in%20the%20customer%20life%20through%20ecosystems%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20The%20structure%20of%20the%20sector%20will%20change%3C%2Fp%3E%0A
Updated: May 13, 2022, 9:21 AM