The Malaysian opposition leader Anwar Ibrahim will get a fair trial on sodomy charges, the country's foreign minister, Anifah Aman, said today after talks with the US Secretary of State, Hillary Clinton that.
Mr Anifah said: "It is in my interest and our interests to make sure Anwar gets a fair trial, because if there is such a thing as political persecution, if it can happen to Anwar, it can happen to all of us."
Speaking at a press conference with Mrs Clinton, Mr Anifah said he had spoken with her about Mr Anwar's case and that he was making the assurance as a member of parliament and a member of cabinet.
"Being an open trial I think the world will be able to judge the outcome," he said of the charges that could see Mr Anwar jailed for up to 20 years.
Mr Anwar, a former deputy premier who was sacked and jailed on separate sex and corruption counts a decade ago, says he is again the victim of a political conspiracy and fears he will not receive justice on the latest allegations.
However, Mr Anifah dismissed the notion that Mr Anwar was being persecuted by the Barisan Nasional coalition, which has been in power for half a century.
"What surprises me is that if there is political persecution, I think you have to give credit to the Barisan Nasional government that it is much smarter," he said.
"We may as well stop Anwar before he becomes a member of parliament rather than taking it to the open trial in court," he said.
On a visit to Washington in June, Mr Anwar welcomed the attention being paid to Malaysia by President Barack Obama but said Washington needed to be careful not to be "condoning the excesses" of the Malaysian government.
Mr Anwar had been expected to meet Mrs Clinton during her visit, but US officials said today that no such talks had been scheduled.
Mrs Clinton commented on his trial in the context of Malaysia's democratic development.
"It is well known that the United States believes it is important for all aspects of the case to be conducted fairly and transparently and in a way that increases confidence in the rule of law in Malaysia," she said.
Mr Anwar's opposition alliance made substantial gains in 2008 elections, seizing a third of parliamentary seats in an unprecedented performance against the Barisan Nasional.
Mr Anwar, 63, who is accused of illicit relations with a young male aide, has said the allegations have been concocted to end his career and neutralise the threat he poses to the government.
Human Rights Watch has urged Malaysia to drop the charges, condemning the case as a "charade of justice," and the United States has previously warned it is watching the saga closely.
Sodomy, even among consenting adults, is illegal in Malaysia, a conservative Muslim-majority country.
Anwar spent six years in jail on the original sodomy and corruption allegations until the sex conviction was quashed in 2004.
His new trial opened in February but has been punctuated by lengthy delays and has made little progress.
TECH%20SPECS%3A%20APPLE%20WATCH%20SERIES%209
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Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
The specs
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
The Dark Blue Winter Overcoat & Other Stories From the North
Edited and Introduced by Sjón and Ted Hodgkinson
Pushkin Press
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.”
Japan 30-10 Russia
Tries: Matsushima (3), Labuschange | Golosnitsky
Conversions: Tamura, Matsuda | Kushnarev
Penalties: Tamura (2) | Kushnarev
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
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
THE SPECS
Engine: 6.75-litre twin-turbocharged V12 petrol engine
Power: 420kW
Torque: 780Nm
Transmission: 8-speed automatic
Price: From Dh1,350,000
On sale: Available for preorder now
Water waste
In the UAE’s arid climate, small shrubs, bushes and flower beds usually require about six litres of water per square metre, daily. That increases to 12 litres per square metre a day for small trees, and 300 litres for palm trees.
Horticulturists suggest the best time for watering is before 8am or after 6pm, when water won't be dried up by the sun.
A global report published by the Water Resources Institute in August, ranked the UAE 10th out of 164 nations where water supplies are most stretched.
The Emirates is the world’s third largest per capita water consumer after the US and Canada.
Pathaan
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The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5