A girl lights candles during a candlelight vigil for a gang rape victim who was assaulted in New Delhi. Reuters / Rupak De Chowdhuri
A girl lights candles during a candlelight vigil for a gang rape victim who was assaulted in New Delhi. Reuters / Rupak De Chowdhuri
A girl lights candles during a candlelight vigil for a gang rape victim who was assaulted in New Delhi. Reuters / Rupak De Chowdhuri
A girl lights candles during a candlelight vigil for a gang rape victim who was assaulted in New Delhi. Reuters / Rupak De Chowdhuri

Gang-rape victim death 'will not be in vain' vows India's prime minister


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NEW DELHI // Thousands of Indians joined protests yesterday in a mass outpouring of grief and anger after the gang-raped student died in a Singapore hospital.

The prime minister, Manmohan Singh, called for calm and the protests passed off peacefully but he said it was up to the country as a whole "to ensure that her death will not be in vain".

As news of the 23-year-old physiotherapy student's death reached New Delhi early yesterday, hundreds of policemen sealed off the high-security India Gate area in anticipation of more protests.

The area had seen battles between protesters and police for days after the December 16 attack. A crowd of about 1,000 gathered at Jantan Mantar, New Delhi's officially sanctioned venue for protests, with Indians demanding an end to sexual violence against women.

"The rape of this girl and the trauma she experienced is not new and this has happened in the past," said Anjali Raval, a 35-year-old housewife.

"But this case has acted like a pressure cooker blast effect. It is high time we woke up and fought for women's safety."

Police have charged the six suspects with murder and warned they could face the death sentence.

More than 24,000 rapes were reported in India last year but convictions were recorded for about a quarter of cases, according to the National Crime Records Bureau.

The student, whose identity has not been disclosed, had been flown from a New Delhi hospital to Singapore's Mount Elizabeth Hospital on Thursday, in what the government claimed was an attempt to save her life.

The hospital's chief executive, Kevin Loh, said in a statement: "She was courageous in fighting for her life for so long against the odds, but the trauma to her body was too severe for her to overcome."

The student had been fighting brain trauma as well as an infection in her lungs, kidneys and abdomen.

She had already gone through two abdominal surgeries in India, and part of her intestine was removed after a metal rod, used during the rape, had infected her organs. That infection eventually spread into her bloodstream and contributed to her death.

The men who had been arrested have now been charged with murder, a Delhi Police spokesman said.

When TCA Raghavan, India's ambassador to Singapore, was asked in a news conference whether the airlift of the student to Singapore had contributed to her decline, he said that "no such sentiments were expressed to me" by her doctors.

But accusations have arisen that the government shifted the patient to minimise public outcry in the event of her demise. Two days ago, an anonymous doctor who was consulted by the government about the patient's airlift told The Hindu newspaper that she was already "being given the best possible care" in India.

A chartered aircraft brought back her body late last night. The family has released no indication about when her funeral would take place.

As India awoke to the news about the student's death, authorities began blocking roads and closing metro stations in central Delhi in anticipation of protests.

When Delhi's chief minister, Sheila Dikshit, reached Jantar Mantar to make a statement in the afternoon, she was heckled and not allowed to speak. Ms Dikshit lit a candle and left the venue.

Parallel protests were organised in Mumbai, Bangalore and Chennai.

Some protesters called for judicial and police reform, while others called for a speedy trial and sentencing for the suspects.

"There are even some people here who are calling for capital punishment. We aren't in support of that," Rohit Azad, an assistant professor of economics at South Asian University, said.

Yesterday morning, Mr Azad had marched with university students to the spot where the victim had been picked up and raped in an off-duty private bus.

After tricking the woman and her 28-year-old male friend into boarding the unauthorised chartered bus with dark, tinted windows and heavy curtains, the crew of the vehicle and accomplices assaulted the two over a period of about 45 minutes, stripped them and then threw them out on the street.

Mr Azad said he and his fellow protesters were demanding "the fast-tracking of the 100,000 pending rape cases in Indian courts, to resolve them within 100 days, the sacking of the police commissioner, and a special session of parliament to pass pending sexual violence bills."

At that bus-stop yesterday afternoon, a 43-year-old janitor named Shailendra Singh said that he had stood with the protesters in solidarity.

Mr Singh has two daughters in their mid-twenties, but he left them in his village when he moved to New Delhi for work.

"If they lived here, they'd have to take the bus because we wouldn't have the money for anything else," he said. "I would worry all the time. And I know I would get calls from my mother to send them back to the village, where they would be safer. So we decided to leave them there."

A 20-year-old woman standing nearby, who identified herself only as Nitraya, came to New Delhi from Bihar to study.

"Do you have any idea how hard we have to fight with everyone to let us study in a big city?" she said. "Then we come here and all the time we get calls: 'Are you OK? Where are you?' This happens almost every day."

Karuna Nundy, a Supreme Court lawyer, said that victims of rape and sexual violence need "certain justice, not extreme justice".

Ms Nundy said that part of the problem lay in how the law was framed.

"The way we define sexual violence is still inherited from colonial legislation. So for example, it's still called 'outraging the modesty of a woman' and not 'sexual harassment'," she said. "Marital rape is explicitly legal. The minimum seven-year sentence for rape can be reduced. These are all things that have to change."

ssubramanian@thenational.ae

* With additional reporting by Agence France-Presse, Associated Press and Bloomberg News

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Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
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Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
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Current number of staff: More than 150
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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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The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

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WHY%20AAYAN%20IS%20'PERFECT%20EXAMPLE'
%3Cp%3EDavid%20White%20might%20be%20new%20to%20the%20country%2C%20but%20he%20has%20clearly%20already%20built%20up%20an%20affinity%20with%20the%20place.%3Cbr%3E%3Cbr%3EAfter%20the%20UAE%20shocked%20Pakistan%20in%20the%20semi-final%20of%20the%20Under%2019%20Asia%20Cup%20last%20month%2C%20White%20was%20hugged%20on%20the%20field%20by%20Aayan%20Khan%2C%20the%20team%E2%80%99s%20captain.%3Cbr%3E%3Cbr%3EWhite%20suggests%20that%20was%20more%20a%20sign%20of%20Aayan%E2%80%99s%20amiability%20than%20anything%20else.%20But%20he%20believes%20the%20young%20all-rounder%2C%20who%20was%20part%20of%20the%20winning%20Gulf%20Giants%20team%20last%20year%2C%20is%20just%20the%20sort%20of%20player%20the%20country%20should%20be%20seeking%20to%20produce%20via%20the%20ILT20.%3Cbr%3E%3Cbr%3E%E2%80%9CHe%20is%20a%20delightful%20young%20man%2C%E2%80%9D%20White%20said.%20%E2%80%9CHe%20played%20in%20the%20competition%20last%20year%20at%2017%2C%20and%20look%20at%20his%20development%20from%20there%20till%20now%2C%20and%20where%20he%20is%20representing%20the%20UAE.%3Cbr%3E%3Cbr%3E%E2%80%9CHe%20was%20influential%20in%20the%20U19%20team%20which%20beat%20Pakistan.%20He%20is%20the%20perfect%20example%20of%20what%20we%20are%20all%20trying%20to%20achieve%20here.%3Cbr%3E%3Cbr%3E%E2%80%9CIt%20is%20about%20the%20development%20of%20players%20who%20are%20going%20to%20represent%20the%20UAE%20and%20go%20on%20to%20help%20make%20UAE%20a%20force%20in%20world%20cricket.%E2%80%9D%C2%A0%3C%2Fp%3E%0A