Darby Ortego, right, 25, and Von Bolante, left, both fighting for the United States army in Afghanistan. Both are from the Philippines, and have taken the military path to US citizenship. Ted Aljibe / AFP Photo
Darby Ortego, right, 25, and Von Bolante, left, both fighting for the United States army in Afghanistan. Both are from the Philippines, and have taken the military path to US citizenship. Ted Aljibe / AFP Photo
Darby Ortego, right, 25, and Von Bolante, left, both fighting for the United States army in Afghanistan. Both are from the Philippines, and have taken the military path to US citizenship. Ted Aljibe / AFP Photo
Darby Ortego, right, 25, and Von Bolante, left, both fighting for the United States army in Afghanistan. Both are from the Philippines, and have taken the military path to US citizenship. Ted Aljibe /

Fighting in Afghanistan puts Filipinos on fast track to US citizenship


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KHOST // Private Darby Ortego, 25, endures gunfire and mine attacks fighting for the US army in Afghanistan, but today will be his first US Independence Day as a citizen of the country he serves.

Private Ortego, who battles insurgents in the violent eastern province of Khost with Bravo Company, 1-26 Infantry, recently attended a naturalisation ceremony at a US base near Kabul ahead of this year's Independence Day celebrations.

Like thousands of fellow Filipinos, he sees the US military as a fast-track to American citizenship, securing his own future and also helping his family back home.

"I joined up to get my mom to America," said Private Ortego, who is deployed at Combat Outpost Sabari in Khost, where US troops clash with Taliban rebels based across the border in Pakistan.

"I want to bring my mom from her village in the Philippines to [the US state of] Nevada, where I live. I want her to be with me."

Private Ortego is one of the roughly 9,000 legal immigrants who join the US armed forces each year from countries as far apart as Panama, Nigeria, Liberia and Turkey.

He has permanent residency in the US and was living with his divorced father in Nevada when he signed up two years ago.

Other benefits to military service include a free college education, which Private Ortego says he hopes to use to study business management.

There are around 25,000 non-US citizens serving in the military, the Pentagon says.

Non-citizens have fought for the US since the 18th century War of Independence, while the US officially started recruiting Filipinos after the Second World War when it opened military bases in the Philippines.

After the September 11 attacks, the naturalisation process for military personnel was streamlined when President George W Bush scrapped waiting requirements for active soldiers.

In the past 10 years, nearly 69,000 immigrant troops have become US citizens while serving.

Naturalisation takes just months for serving military personnel compared to years for regular legal immigrants.

Unemployment and poverty in their homeland have driven millions of Filipinos abroad to search for work.

"It is better in the US because there are more opportunities. You can find a job and they will pay a decent amount," said Private Ortego, who sends money back to his family in Northern Samar province.

But the sacrifices he now has to make for himself and his mother are significant.

"Army life is tough, this is a stressful environment," he said. "There are bad days here, IEDs [improvised explosive devices] and small arms fire.

"My mom is scared for me. It is a mother's thing. She misses me a lot, I've only seen her briefly once in the last two years when she stopped overnight in Los Angeles just to say hi. I keep telling her, when I get citizenship, you guys are going to be in the US with me."

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

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Fixtures

Tuesday - 5.15pm: Team Lebanon v Alger Corsaires; 8.30pm: Abu Dhabi Storms v Pharaohs

Wednesday - 5.15pm: Pharaohs v Carthage Eagles; 8.30pm: Alger Corsaires v Abu Dhabi Storms

Thursday - 4.30pm: Team Lebanon v Pharaohs; 7.30pm: Abu Dhabi Storms v Carthage Eagles

Friday - 4.30pm: Pharaohs v Alger Corsaires; 7.30pm: Carthage Eagles v Team Lebanon

Saturday - 4.30pm: Carthage Eagles v Alger Corsaires; 7.30pm: Abu Dhabi Storms v Team Lebanon

MATCH INFO

Euro 2020 qualifier

Fixture: Liechtenstein v Italy, Tuesday, 10.45pm (UAE)

TV: Match is shown on BeIN Sports

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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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Innotech Profile

Date started: 2013

Founder/CEO: Othman Al Mandhari

Based: Muscat, Oman

Sector: Additive manufacturing, 3D printing technologies

Size: 15 full-time employees

Stage: Seed stage and seeking Series A round of financing 

Investors: Oman Technology Fund from 2017 to 2019, exited through an agreement with a new investor to secure new funding that it under negotiation right now. 

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Last-16 Europa League fixtures

Wednesday (Kick-offs UAE)

FC Copenhagen (0) v Istanbul Basaksehir (1) 8.55pm

Shakhtar Donetsk (2) v Wolfsburg (1) 8.55pm

Inter Milan v Getafe (one leg only) 11pm

Manchester United (5) v LASK (0) 11pm 

Thursday

Bayer Leverkusen (3) v Rangers (1) 8.55pm

Sevilla v Roma  (one leg only)  8.55pm

FC Basel (3) v Eintracht Frankfurt (0) 11pm 

Wolves (1) Olympiakos (1) 11pm 

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The specs: 2018 BMW X2 and X3

Price, as tested: Dh255,150 (X2); Dh383,250 (X3)

Engine: 2.0-litre turbocharged inline four-cylinder (X2); 3.0-litre twin-turbo inline six-cylinder (X3)

Power 192hp @ 5,000rpm (X2); 355hp @ 5,500rpm (X3)

Torque: 280Nm @ 1,350rpm (X2); 500Nm @ 1,520rpm (X3)

Transmission: Seven-speed automatic (X2); Eight-speed automatic (X3)

Fuel consumption, combined: 5.7L / 100km (X2); 8.3L / 100km (X3)

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