• Protesters run after tear gas is fired during a demonstration against the military coup, in Yangon, Myanmar. AFP
    Protesters run after tear gas is fired during a demonstration against the military coup, in Yangon, Myanmar. AFP
  • An injured person is carried away after being shot with rubber bullets, as security force destroyed barricades erected by protesters against the military coup, in Yangon, Myanmar. AFP
    An injured person is carried away after being shot with rubber bullets, as security force destroyed barricades erected by protesters against the military coup, in Yangon, Myanmar. AFP
  • Posters featuring military chief Gen Min Aung Hlaing are placed on the road during a demonstration against the military coup, in Yangon, Myanmar. AFP
    Posters featuring military chief Gen Min Aung Hlaing are placed on the road during a demonstration against the military coup, in Yangon, Myanmar. AFP
  • A protester holds a homemade shield during a demonstration against the military coup, in Yangon, Myanmar. AFP
    A protester holds a homemade shield during a demonstration against the military coup, in Yangon, Myanmar. AFP
  • Protesters wash their faces to reduce the effects of tear gas, during a demonstration against the military coup, in Yangon, Myanmar. AFP
    Protesters wash their faces to reduce the effects of tear gas, during a demonstration against the military coup, in Yangon, Myanmar. AFP
  • A scooter rider attempts to ride past a makeshift barricade of wheelie bins, with the image of Myanmar armed forces chief Gen Min Aung Hlaing stuck on them, during demonstrations against the military coup, in Yangon, Myanmar. AFP
    A scooter rider attempts to ride past a makeshift barricade of wheelie bins, with the image of Myanmar armed forces chief Gen Min Aung Hlaing stuck on them, during demonstrations against the military coup, in Yangon, Myanmar. AFP
  • Myanmar nun Sister Ann Rose Nu Tawng kneels in front of police in protest against violence during anti-coup protests in Myitkyina, Myanmar. Two officers kneel in response. Reuters
    Myanmar nun Sister Ann Rose Nu Tawng kneels in front of police in protest against violence during anti-coup protests in Myitkyina, Myanmar. Two officers kneel in response. Reuters
  • Residents look on as soldiers block a road after arriving to arrest railway staff involved in the Civil Disobedience Movement, in protests against the military coup, at Mahlwagone railway station, in Yangon, Myanmar. AFP
    Residents look on as soldiers block a road after arriving to arrest railway staff involved in the Civil Disobedience Movement, in protests against the military coup, at Mahlwagone railway station, in Yangon, Myanmar. AFP
  • Anti-coup protesters retreat after discharging fire extinguishers towards a line of riot policemen in Yangon, Myanmar. AP
    Anti-coup protesters retreat after discharging fire extinguishers towards a line of riot policemen in Yangon, Myanmar. AP
  • A man runs away from burning a roadblock, set on fire by military personnel at a railway staff compound during a raid against anti-coup activists, in Yangon, Myanmar. EPA
    A man runs away from burning a roadblock, set on fire by military personnel at a railway staff compound during a raid against anti-coup activists, in Yangon, Myanmar. EPA
  • Protesters carry bricks to construct a makeshift barricade to deter security forces, during demonstrations against the military coup, in Yangon Myanmar. AFP
    Protesters carry bricks to construct a makeshift barricade to deter security forces, during demonstrations against the military coup, in Yangon Myanmar. AFP
  • Ja Mar, a supporter of the National League for Democracy is arrested, in Bago region, Myanmar. Reuters
    Ja Mar, a supporter of the National League for Democracy is arrested, in Bago region, Myanmar. Reuters

Myanmar troops surround and arrest protesters


  • English
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Myanmar security troops fired tear gas and surrounded hundreds of anti-junta protesters at two places in Yangon on Wednesday, prompting the US embassy to call for their withdrawal.

In New York, the UN Security Council failed to agree on a statement that would have condemned the coup in Myanmar, instead calling for restraint by the military warning of "further measures".

Talks on the statement would likely continue, diplomats said, after China, Russia, India and Vietnam all suggested amendments late on Tuesday to a British draft.

They included removing references to a coup and the threat of considering further action.

More than 60 protesters have been killed and 1,900 people arrested in the turmoil in Myanmar since the February 1 coup, the Assistance Association for Political Prisoners said.

The military has brushed off condemnation of its actions as it has in the past when outbreaks of protest were forcibly repressed.

On Wednesday, police stormed a Yangon compound that housed railway staff and surrounded hundreds of protesters in North Okkalapa district in another part of the city.

More than 100 people were arrested at the two sites, witnesses said.

Many of the railway staff are part of a civil disobedience movement that has damaged government businesses and included strikes at banks, factories and shops since the army removed Aung San Suu Kyi's elected government.

"We are seeing reports of innocent students and civilians surrounded by security forces in North Okkalapa, as well as arrests," the US embassy said.

"We call on those security forces to withdraw from the area, release those detained and allow people to depart safely."

Police and army officials did not respond to requests for comment.

On Tuesday, Zaw Myat Linn, an official from Ms Suu Kyi's National League for Democracy, died in police custody.

Lynn was second party figure to die in detention in two days.

"He's been participating continuously in the protests," said Ba Myo Thein, a member of the dissolved upper house of parliament.

The cause of death was not clear. In a Facebook Live broadcast before he was detained, Linn urged people to continue fighting the army, "even if it costs our lives".

Police on Tuesday also cracked down on independent media, raiding the offices of two outlets and detaining two journalists.

At least 35 journalists have been arrested since the February 1 coup, Myanmar Now reported, of whom 19 have been released.

Some police have refused orders to fire on unarmed protesters and have fled to neighbouring India, an officer said.

"As the civil disobedience movement is gaining momentum and protests held by anti-coup protesters at different places, we are instructed to shoot at the protesters," four officers said in a statement to police in the Indian city of Mizoram.

"In such a scenario, we don't have the guts to shoot at our own people who are peaceful demonstrators."

The US "repulsed" by the Myanmar army's continued use of lethal force against its people and is continuing to urge the military to exercise "maximum restraint", State Department spokesman Ned Price said on Tuesday.

The army has justified the coup by saying that a November election won by Ms Suu Kyi's party was marred by fraud – a claim rejected by the electoral commission.

The military has promised a new election but has not said when.

The junta has hired an Israeli-Canadian lobbyist for $2 million to "assist in explaining the real situation" of the coup to the US and other countries, documents filed with the US Justice Department show.

Ari Ben-Menashe and his firm, Dickens and Madson Canada, will represent Myanmar's military government in Washington and lobby Saudi Arabia, the UAE, Israel and Russia, and international bodies such as the UN, according to a consultancy agreement.

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

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ALRAWABI%20SCHOOL%20FOR%20GIRLS
%3Cp%3ECreator%3A%20Tima%20Shomali%3C%2Fp%3E%0A%3Cp%3EStarring%3A%C2%A0Tara%20Abboud%2C%C2%A0Kira%20Yaghnam%2C%20Tara%20Atalla%3C%2Fp%3E%0A%3Cp%3ERating%3A%204%2F5%3C%2Fp%3E%0A

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.”

Bullet%20Train
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How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

Abu Dhabi GP schedule

Friday: First practice - 1pm; Second practice - 5pm

Saturday: Final practice - 2pm; Qualifying - 5pm

Sunday: Etihad Airways Abu Dhabi Grand Prix (55 laps) - 5.10pm

From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

AL%20BOOM
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Who was Alfred Nobel?

The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.

  • In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
  • Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
  • Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Company profile

Company: Rent Your Wardrobe 

Date started: May 2021 

Founder: Mamta Arora 

Based: Dubai 

Sector: Clothes rental subscription 

Stage: Bootstrapped, self-funded 

Company profile

Company: Eighty6 

Date started: October 2021 

Founders: Abdul Kader Saadi and Anwar Nusseibeh 

Based: Dubai, UAE 

Sector: Hospitality 

Size: 25 employees 

Funding stage: Pre-series A 

Investment: $1 million 

Investors: Seed funding, angel investors  

F1 drivers' standings

1. Lewis Hamilton, Mercedes 281

2. Sebastian Vettel, Ferrari 247

3. Valtteri Bottas, Mercedes 222

4. Daniel Ricciardo, Red Bull 177

5. Kimi Raikkonen, Ferrari 138

6. Max Verstappen, Red Bull 93

7. Sergio Perez, Force India 86

8. Esteban Ocon, Force India 56

The Sand Castle

Director: Matty Brown

Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

Rating: 2.5/5

The team

Photographer: Mateusz Stefanowski at Art Factory 
Videographer: Jear Valasquez 
Fashion director: Sarah Maisey
Make-up: Gulum Erzincan at Art Factory 
Model: Randa at Art Factory Videographer’s assistant: Zanong Magat 
Photographer’s assistant: Sophia Shlykova 
With thanks to Jubail Mangrove Park, Jubail Island, Abu Dhabi