• President Sheikh Mohamed talks to China's President Xi Jinping during the first session of the G20 summit in Bali, Indonesia. Photo: UAE Presidential Court
    President Sheikh Mohamed talks to China's President Xi Jinping during the first session of the G20 summit in Bali, Indonesia. Photo: UAE Presidential Court
  • The Chinese leader shakes hands with President Joko Widodo, right, of host nation Indonesia. AP
    The Chinese leader shakes hands with President Joko Widodo, right, of host nation Indonesia. AP
  • Mr Xi talks with Italian Prime Minister Giorgia Meloni, left, at the summit. AP
    Mr Xi talks with Italian Prime Minister Giorgia Meloni, left, at the summit. AP
  • UN Secretary General Antonio Guterres and Mr Xi on their way to lunch on the first day. EPA
    UN Secretary General Antonio Guterres and Mr Xi on their way to lunch on the first day. EPA
  • Australian Prime Minister Anthony Albanese, left, meets Chinese President Xi Jinping on the sidelines of the G-20 summit in Nusa Dua, Bali, Indonesia. AP
    Australian Prime Minister Anthony Albanese, left, meets Chinese President Xi Jinping on the sidelines of the G-20 summit in Nusa Dua, Bali, Indonesia. AP
  • Emmanuel Macron shakes hands with Mr Xi at a meeting between the French and Chinese leaders. AFP
    Emmanuel Macron shakes hands with Mr Xi at a meeting between the French and Chinese leaders. AFP
  • The Chinese president greets his US counterpart Joe Biden. EPA
    The Chinese president greets his US counterpart Joe Biden. EPA

Xi warns G20 leaders against weaponising food and energy


James Haines-Young
  • English
  • Arabic

Chinese President Xi Jinping called for the world to avoid “weaponising” food and energy as the war in Ukraine and its economic fallout topped the agenda at the G20 leaders' summit in Bali.

In only his second international trip since the start of the pandemic, Mr Xi had face-to-face meetings with international leaders in a bid to reset a number of key relationships.

  • Indonesia's President Joko Widodo, right, passes the gavel to India's Prime Minister Narendra Modi at the G20 Summit in Bali. EPA
    Indonesia's President Joko Widodo, right, passes the gavel to India's Prime Minister Narendra Modi at the G20 Summit in Bali. EPA
  • Leaders and delegates at the handover ceremony. EPA
    Leaders and delegates at the handover ceremony. EPA
  • US President Joe Biden, British Prime Minister Rishi Sunak, Canada's Prime Minister Justin Trudeau, German Chancellor Olaf Scholz, French President Emmanuel Macron, Italian Prime Minister Giorgia Meloni, Japanese Prime Minister Kishida Fumio, European Commission President Ursula von der Leyen, European Council President Charles Michel, Spain's Prime Minister Pedro Sanchez, Netherlands' Prime Minister Mark Rutte and US Secretary of State Antony Blinken meet to discuss an apparent missile strike on Polish territory near the border with Ukraine at the G20 leaders' summit in Bali, Indonesia. AFP
    US President Joe Biden, British Prime Minister Rishi Sunak, Canada's Prime Minister Justin Trudeau, German Chancellor Olaf Scholz, French President Emmanuel Macron, Italian Prime Minister Giorgia Meloni, Japanese Prime Minister Kishida Fumio, European Commission President Ursula von der Leyen, European Council President Charles Michel, Spain's Prime Minister Pedro Sanchez, Netherlands' Prime Minister Mark Rutte and US Secretary of State Antony Blinken meet to discuss an apparent missile strike on Polish territory near the border with Ukraine at the G20 leaders' summit in Bali, Indonesia. AFP
  • Mr Trudeau, Mr Biden and Mr Sunak at the meeting. AFP
    Mr Trudeau, Mr Biden and Mr Sunak at the meeting. AFP
  • Mr Biden talks on the phone with Polish President Andrzej Duda as US national security adviser Jake Sullivan, centre, and Mr Blinken listen. AP
    Mr Biden talks on the phone with Polish President Andrzej Duda as US national security adviser Jake Sullivan, centre, and Mr Blinken listen. AP
  • President Sheikh Mohamed speaks with Siti Nurbaya, Indonesia's Minister of Environment and Forestry, after planting a mangrove tree as part of the G20 Summit at the Tahura Ngurah Rai mangrove conservation park. Photo: UAE Presidential Court
    President Sheikh Mohamed speaks with Siti Nurbaya, Indonesia's Minister of Environment and Forestry, after planting a mangrove tree as part of the G20 Summit at the Tahura Ngurah Rai mangrove conservation park. Photo: UAE Presidential Court
  • Leaders take part in a mangrove planting event at the Tahura Ngurah Rai Mangrove Forest Park. AP
    Leaders take part in a mangrove planting event at the Tahura Ngurah Rai Mangrove Forest Park. AP
  • Indian Prime Minister Narendra Modi, centre right, Indonesian President Joko Widodo, right, Mr Biden and European Commission President Ursula von der Leyen plant mangroves. AFP
    Indian Prime Minister Narendra Modi, centre right, Indonesian President Joko Widodo, right, Mr Biden and European Commission President Ursula von der Leyen plant mangroves. AFP
  • Front, left to right, Mr Scholz, Mr Biden, Mr Widodo, Ms von der Leyen, Ms Meloni. Seocnd row, left to right, Mr Michel, World Bank President David Malpass, Mr Sanchez, Mr Rutte, Mr Modi, Mr Macron and Australian Prime Minister Anthony Albanese. AFP
    Front, left to right, Mr Scholz, Mr Biden, Mr Widodo, Ms von der Leyen, Ms Meloni. Seocnd row, left to right, Mr Michel, World Bank President David Malpass, Mr Sanchez, Mr Rutte, Mr Modi, Mr Macron and Australian Prime Minister Anthony Albanese. AFP
  • Mr Macron and Mr Modi hold a working lunch. AFP
    Mr Macron and Mr Modi hold a working lunch. AFP
  • Mr Sunak shakes hands with Mr Biden during a bilateral meeting. Getty
    Mr Sunak shakes hands with Mr Biden during a bilateral meeting. Getty
  • Mr Modi and Mr Macron. AP
    Mr Modi and Mr Macron. AP
  • Mr Scholz, left, and Turkish President Recep Tayyip Erdogan during a bilateral meeting. EPA
    Mr Scholz, left, and Turkish President Recep Tayyip Erdogan during a bilateral meeting. EPA
  • From left, Mr Biden, Mr Modi, Mr Widodo and Ms von der Leyen hold up their shovels during the mangrove planting. AP
    From left, Mr Biden, Mr Modi, Mr Widodo and Ms von der Leyen hold up their shovels during the mangrove planting. AP
  • Mr Albanese, centre, meets with Mr Michel and Ms von der Leyen. EPA
    Mr Albanese, centre, meets with Mr Michel and Ms von der Leyen. EPA
  • US President Joe Biden speaks about the situation in Poland. AFP
    US President Joe Biden speaks about the situation in Poland. AFP
  • Japan's Prime Minister Fumio Kishida arrives for a tree planting event at the Taman Hutan Raya Ngurah Rai Mangrove Forest in Bali. AP
    Japan's Prime Minister Fumio Kishida arrives for a tree planting event at the Taman Hutan Raya Ngurah Rai Mangrove Forest in Bali. AP
  • Indonesian President Joko Widodo with a mangrove sapling at the forest park. Reuters
    Indonesian President Joko Widodo with a mangrove sapling at the forest park. Reuters
  • US President Joe Biden speaks with Turkish President Recep Tayyip Erdogan during the G20 leaders' summit in Bali, Indonesia. AP
    US President Joe Biden speaks with Turkish President Recep Tayyip Erdogan during the G20 leaders' summit in Bali, Indonesia. AP
  • Britain's Prime Minister Rishi Sunak and Canada's Prime Minister Justin Trudeau have a discussion on the sidelines of the summit. AFP
    Britain's Prime Minister Rishi Sunak and Canada's Prime Minister Justin Trudeau have a discussion on the sidelines of the summit. AFP
  • Sheikh Abdullah bin Zayed, Minister of Foreign Affairs and International Co-operation, talks to Indian Prime Minister Narendra Modi at a leaders' lunch. AP
    Sheikh Abdullah bin Zayed, Minister of Foreign Affairs and International Co-operation, talks to Indian Prime Minister Narendra Modi at a leaders' lunch. AP
  • Turkish President Recep Tayyip Erdogan meets Saudi Crown Prince Mohammed bin Salman. AFP
    Turkish President Recep Tayyip Erdogan meets Saudi Crown Prince Mohammed bin Salman. AFP
  • Russian Foreign Minister Sergei Lavrov with Chinese Foreign Minister Wang Yi. EPA
    Russian Foreign Minister Sergei Lavrov with Chinese Foreign Minister Wang Yi. EPA
  • President of the European Commission Ursula von der Leyen speaks to US President Joe Biden. Getty Images
    President of the European Commission Ursula von der Leyen speaks to US President Joe Biden. Getty Images
  • From left, South Korea's President Yoon Suk-yeol, Indonesia's President Joko Widodo, Mr Erdogan, Australia's Prime Minister Anthony Albanese and Mexico's Foreign Minister Marcelo Ebrard. AP
    From left, South Korea's President Yoon Suk-yeol, Indonesia's President Joko Widodo, Mr Erdogan, Australia's Prime Minister Anthony Albanese and Mexico's Foreign Minister Marcelo Ebrard. AP
  • International Monetary Fund managing director Kristalina Georgieva. AP
    International Monetary Fund managing director Kristalina Georgieva. AP
  • Mr Sunak and Crown Prince Mohammed during a bilateral meeting at the summit. AP
    Mr Sunak and Crown Prince Mohammed during a bilateral meeting at the summit. AP
  • President Sheikh Mohamed with Mr Widodo at the G20. Photo: UAE Presidential Court
    President Sheikh Mohamed with Mr Widodo at the G20. Photo: UAE Presidential Court
  • Sheikh Mohamed with French President Emmanuel Macron. Photo: UAE Presidential Court
    Sheikh Mohamed with French President Emmanuel Macron. Photo: UAE Presidential Court
  • From left, German Chancellor Olaf Scholz, Mr Macron, Mr Biden and Mr Modi in Bali. AFP
    From left, German Chancellor Olaf Scholz, Mr Macron, Mr Biden and Mr Modi in Bali. AFP
  • Mr Widodo addresses the summit in Nusa Dua. AP
    Mr Widodo addresses the summit in Nusa Dua. AP
  • Canada's Prime Minister Justin Trudeau arrives at the summit. EPA
    Canada's Prime Minister Justin Trudeau arrives at the summit. EPA
  • China's President Xi Jinping takes his seat with other world leaders. AFP
    China's President Xi Jinping takes his seat with other world leaders. AFP
  • Russian Foreign Minister Sergey Lavrov attends the first working session. AP
    Russian Foreign Minister Sergey Lavrov attends the first working session. AP
  • Japanese Prime Minister Fumio Kishida at the meeting. AP
    Japanese Prime Minister Fumio Kishida at the meeting. AP
  • British Prime Minister Rishi Sunak walks past the flags of assembled nations. AFP
    British Prime Minister Rishi Sunak walks past the flags of assembled nations. AFP
  • Italy's Prime Minister Giorgia Meloni arrives. AP
    Italy's Prime Minister Giorgia Meloni arrives. AP
  • Saudi Arabia's Crown Prince Mohammed talks with Indonesia's Mr Widodo. AFP
    Saudi Arabia's Crown Prince Mohammed talks with Indonesia's Mr Widodo. AFP
  • Mr Macron, left, shakes hands with Mr Xi before a meeting between the two leaders. AFP
    Mr Macron, left, shakes hands with Mr Xi before a meeting between the two leaders. AFP
  • European Council President Charles Michel arrives at the summit. Reuters
    European Council President Charles Michel arrives at the summit. Reuters

Mr Xi and France’s President Emmanuel Macron reaffirmed that the world needed to prevent the use of nuclear arms in Ukraine at a meeting held hours after the Chinese leader agreed with US President Joe Biden that a nuclear war should not be fought as it cannot be won.

In his comments to world leaders, he appeared to balance his comments between warnings to Russia and opposition to western sanctions.

“We must firmly oppose politicisation, instrumentalisation and weaponisation of food and energy problems,” Mr Xi said.

“Drawing ideological lines and stirring up opposition among political blocs and factions will only divide the world and obstruct the advancement of humankind.”

He said the world’s wealthy nations must contain the fallout of interest rate increases, as the US Federal Reserve and other central banks move aggressively to fight inflation.

“We must contain global inflation and resolve systematic risks in the economy and finance,” Mr Xi said.

“Developed economies should reduce the negative spillover effects of their monetary policy adjustments and stabilise debts at a sustainable level.”

The Federal Reserve has raised interest rates to their highest level since before the 2008 financial crisis as it seeks to tighten the money supply in an effort to control inflation.

The US monetary stance has pushed the dollar up to levels not seen in two decades, causing distress for developing economies that rely on exports or that are trying to curb inflation themselves.

As well as Ukraine, Mr Xi and Mr Macron also discussed financial support for indebted poorer nations.

“They expressed their determination to move forward with the implementation of a common debt framework, and raised the particularly urgent case of Zambia,” the Elysee Palace said.

Mr Xi's attendance at the summit came after a three-hour meeting on Monday night with Mr Biden where the pair agreed to work to close the yawning gap between the two powers.

  • US President Joe Biden holds virtual talks with Chinese President Xi Jinping from the White House in Washington in March. Reuters
    US President Joe Biden holds virtual talks with Chinese President Xi Jinping from the White House in Washington in March. Reuters
  • The virtual summit between the presidents, which lasted more than three hours, is displayed on screens in Beijing. Getty
    The virtual summit between the presidents, which lasted more than three hours, is displayed on screens in Beijing. Getty
  • Mr Biden speaks to Mr Xi, again virtually, from the Roosevelt Room of the White House last November. EPA
    Mr Biden speaks to Mr Xi, again virtually, from the Roosevelt Room of the White House last November. EPA
  • In 2015, US president at the time Barack Obama (2R), Mr Xi (2L) and their delegations meet at the White House, with then vice president Joe Biden (3R) and Secretary of State John Kerry also participating. Reuters
    In 2015, US president at the time Barack Obama (2R), Mr Xi (2L) and their delegations meet at the White House, with then vice president Joe Biden (3R) and Secretary of State John Kerry also participating. Reuters
  • The pair shake hands in the Great Hall of the People in Beijing in December 2013. Getty
    The pair shake hands in the Great Hall of the People in Beijing in December 2013. Getty
  • The pair meet in Los Angeles in February 2012, when each was vice president. EPA
    The pair meet in Los Angeles in February 2012, when each was vice president. EPA
  • Mr Biden speaks to a Mandarin language class in South Gate, California, in February 2012, as Mr Xi listens. EPA
    Mr Biden speaks to a Mandarin language class in South Gate, California, in February 2012, as Mr Xi listens. EPA
  • Mr Xi applauds next to US secretary of state Hillary Clinton and Mr Biden (L) at a luncheon at the State Department in Washington in February 2012. Reuters
    Mr Xi applauds next to US secretary of state Hillary Clinton and Mr Biden (L) at a luncheon at the State Department in Washington in February 2012. Reuters
  • Mr Biden and Mr Xi make their way to view an honour guard during a welcoming ceremony in Beijing in August 2011. Getty
    Mr Biden and Mr Xi make their way to view an honour guard during a welcoming ceremony in Beijing in August 2011. Getty
  • The pair inspect the honour guard at Great Hall of the People, Beijing, in 2011, part of Mr Biden's official visit to China. Getty
    The pair inspect the honour guard at Great Hall of the People, Beijing, in 2011, part of Mr Biden's official visit to China. Getty

With smiles and handshakes – as well as promises of further talks on climate change and trade – Mr Xi returned to centre stage after three years of self-imposed pandemic isolation that drastically curtailed his foreign meetings.

His agenda also included meetings with Indonesia's President Joko Widodo – the G20 summit host – Australian Prime Minister Anthony Albanese and Japanese premier Fumio Kishida.

With Chinese-Australian high-level meetings on ice, Mr Albanese said he was “very pleased” to be meeting Mr Xi at the summit.

“We have had our differences,” he acknowledged but added that “our bilateral relationship is an important one”.

Additional reporting by agencies

Company%20Profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ENamara%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EJune%202022%0D%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3EMohammed%20Alnamara%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%20%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EMicrofinance%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3E16%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ESeries%20A%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFamily%20offices%0D%3Cbr%3E%3C%2Fp%3E%0A
Results

1. New Zealand Daniel Meech – Fine (name of horse), Richard Gardner – Calisto, Bruce Goodin - Backatorps Danny V, Samantha McIntosh – Check In. Team total First round: 200.22; Second round: 201.75 – Penalties 12 (jump-off 40.16 seconds) Prize €64,000

2. Ireland Cameron Hanley – Aiyetoro, David Simpson – Keoki, Paul Kennedy – Cartown Danger Mouse, Shane Breen – Laith. Team total 200.25/202.84 – P 12 (jump-off 51.79 – P17) Prize €40,000

3. Italy Luca Maria Moneta – Connery, Luca Coata – Crandessa, Simone Coata – Dardonge, Natale Chiaudani – Almero. Team total 130.82/198.-4 – P20. Prize €32,000

HOW%20TO%20ACTIVATE%20THE%20GEMINI%20SHORTCUT%20ON%20CHROME%20CANARY
%3Cp%3E1.%20Go%20to%20%3Cstrong%3Echrome%3A%2F%2Fflags%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3E2.%20Find%20and%20enable%20%3Cstrong%3EExpansion%20pack%20for%20the%20Site%20Search%20starter%20pack%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3E3.%20Restart%20Chrome%20Canary%3C%2Fp%3E%0A%3Cp%3E4.%20Go%20to%20%3Cstrong%3Echrome%3A%2F%2Fsettings%2FsearchEngines%3C%2Fstrong%3E%20in%20the%20address%20bar%20and%20find%20the%20%3Cstrong%3EChat%20with%20Gemini%3C%2Fstrong%3E%20shortcut%20under%20%3Cstrong%3ESite%20Search%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3E5.%20Open%20a%20new%20tab%20and%20type%20%40%20to%20see%20the%20Chat%20with%20Gemini%20shortcut%20along%20with%20other%20Omnibox%20shortcuts%20to%20search%20tabs%2C%20history%20and%20bookmarks%3C%2Fp%3E%0A
The%20US%20Congress%20explained
%3Cp%3E-%20Congress%20is%20one%20of%20three%20branches%20of%20the%20US%20government%2C%20and%20the%20one%20that%20creates%20the%20nation's%20federal%20laws%3C%2Fp%3E%0A%3Cp%3E-%20Congress%20is%20divided%20into%20two%20chambers%3A%20The%20House%20of%20Representatives%20and%20the%20Senate%3C%2Fp%3E%0A%3Cp%3E-%C2%A0The%20House%20is%20made%20up%20of%20435%20members%20based%20on%20a%20state's%20population.%20House%20members%20are%20up%20for%20election%20every%20two%20years%3C%2Fp%3E%0A%3Cp%3E-%20A%20bill%20must%20be%20approved%20by%20both%20the%20House%20and%20Senate%20before%20it%20goes%20to%20the%20president's%20desk%20for%20signature%3C%2Fp%3E%0A%3Cp%3E-%20A%20political%20party%20needs%20218%20seats%20to%20be%20in%20control%20of%20the%20House%20of%20Representatives%3C%2Fp%3E%0A%3Cp%3E-%20The%20Senate%20is%20comprised%20of%20100%20members%2C%20with%20each%20state%20receiving%20two%20senators.%20Senate%20members%20serve%20six-year%20terms%3C%2Fp%3E%0A%3Cp%3E-%20A%20political%20party%20needs%2051%20seats%20to%20control%20the%20Senate.%20In%20the%20case%20of%20a%2050-50%20tie%2C%20the%20party%20of%20the%20president%20controls%20the%20Senate%3C%2Fp%3E%0A
Imperial%20Island%3A%20A%20History%20of%20Empire%20in%20Modern%20Britain
%3Cp%3EAuthor%3A%20Charlotte%20Lydia%20Riley%3Cbr%3EPublisher%3A%20Bodley%20Head%3Cbr%3EPages%3A%20384%3C%2Fp%3E%0A
Company profile

Date started: 2015

Founder: John Tsioris and Ioanna Angelidaki

Based: Dubai

Sector: Online grocery delivery

Staff: 200

Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends

The specs: 2018 Audi RS5

Price, base: Dh359,200

Engine: 2.9L twin-turbo V6

Transmission: Eight-speed automatic

Power: 450hp at 5,700rpm

Torque: 600Nm at 1,900rpm

Fuel economy, combined: 8.7L / 100km

RESULTS
%3Cp%3E%0D5pm%3A%20Deerfields%20%E2%80%93%20Handicap%20(PA)%20Dh80%2C000%20(Turf)%202%2C200m%0D%3Cbr%3EWinner%3A%20Taajer%2C%20Richard%20Mullen%20(jockey)%2C%20Salem%20Al%20Ketbi%20(trainer)%0D%3Cbr%3E5.30pm%3A%20The%20Galleria%20%E2%80%93%20Handicap%20(PA)%20Dh80%2C000%20(T)%201%2C600m%0D%3Cbr%3EWinner%3A%20Zafaranah%2C%20Antonio%20Fresu%2C%20Musabah%20Al%20Muhairi%0D%3Cbr%3E6pm%3A%20Wathba%20Stallions%20Cup%20%E2%80%93%20Maiden%20(PA)%20Dh70%2C000%20(T)%201%2C200m%0D%3Cbr%3EWinner%3A%20Ifahat%20Du%20Loup%2C%20Abdul%20Aziz%20Al%20Balushi%2C%20Sulaiman%20Al%20Ghunaimi%0D%3Cbr%3E6.30pm%3A%20Mazyad%20%E2%80%93%20Handicap%20(PA)%20Dh80%2C000%20(T)%201%2C200m%0D%3Cbr%3EWinner%3A%20AF%20Majalis%2C%20Tadhg%20O%E2%80%99Shea%2C%20Ernst%20Oertel%0D%3Cbr%3E7pm%3A%20Dalma%20%E2%80%93%20Maiden%20(PA)%20Dh80%2C000%20(T)%201%2C400m%0D%3Cbr%3EWinner%3A%20Bassam%20Al%20Wathba%2C%20Bernardi%20Pinheiro%2C%20Majed%20Al%20Jahouri%0D%3Cbr%3E7.30pm%3A%20World%20Trade%20Centre%20%E2%80%93%20Handicap%20(TB)%20Dh80%2C000%20(T)%201%2C400m%0D%3Cbr%3EWinner%3A%20Fawaareq%2C%20Dane%20O%E2%80%99Neill%2C%20Doug%20Watson%3C%2Fp%3E%0A
UAE currency: the story behind the money in your pockets
The specs: Fenyr SuperSport

Price, base: Dh5.1 million

Engine: 3.8-litre twin-turbo flat-six

Transmission: Seven-speed automatic

Power: 800hp @ 7,100pm

Torque: 980Nm @ 4,000rpm

Fuel economy, combined: 13.5L / 100km

The specs: 2019 Subaru Forester

Price, base: Dh105,900 (Premium); Dh115,900 (Sport)

Engine: 2.5-litre four-cylinder

Transmission: Continuously variable transmission

Power: 182hp @ 5,800rpm

Torque: 239Nm @ 4,400rpm

Fuel economy, combined: 8.1L / 100km (estimated)

Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

Power: 819hp

Torque: 678Nm at 7,250rpm

Price: From Dh1,700,000

Available: Now

Ultra processed foods

- Carbonated drinks, sweet or savoury packaged snacks, confectionery, mass-produced packaged breads and buns 

- margarines and spreads; cookies, biscuits, pastries, cakes, and cake mixes, breakfast cereals, cereal and energy bars;

- energy drinks, milk drinks, fruit yoghurts and fruit drinks, cocoa drinks, meat and chicken extracts and instant sauces

- infant formulas and follow-on milks, health and slimming products such as powdered or fortified meal and dish substitutes,

- many ready-to-heat products including pre-prepared pies and pasta and pizza dishes, poultry and fish nuggets and sticks, sausages, burgers, hot dogs, and other reconstituted meat products, powdered and packaged instant soups, noodles and desserts.

The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%202-litre%204-cylinder%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E153hp%20at%206%2C000rpm%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E200Nm%20at%204%2C000rpm%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E6-speed%20auto%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E6.3L%2F100km%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EDh106%2C900%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Enow%3C%2Fp%3E%0A
Tips to avoid getting scammed

1) Beware of cheques presented late on Thursday

2) Visit an RTA centre to change registration only after receiving payment

3) Be aware of people asking to test drive the car alone

4) Try not to close the sale at night

5) Don't be rushed into a sale 

6) Call 901 if you see any suspicious behaviour

RESULTS

Argentina 4 Haiti 0

Peru 2 Scotland 0

Panama 0 Northern Ireland 0

Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

Our Time Has Come
Alyssa Ayres, Oxford University Press

Ms Yang's top tips for parents new to the UAE
  1. Join parent networks
  2. Look beyond school fees
  3. Keep an open mind

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.”

Updated: November 15, 2022, 9:53 AM