PESHAWAR, PAKISTAN // Pakistani authorities have sentenced a doctor who allegedly helped the CIA find Osama bin Laden to 33 years in jail on charges of treason, a move almost certain to further strain ties between Washington and Islamabad.
Shakil Afridi was accused of running a fake vaccination campaign, in which he collected DNA samples, which is believed to have helped the American intelligence agency track down bin Laden in a Pakistani town.
The Al Qaeda leader was killed in a unilateral US special forces raid in Abbottabad in May last year.
"Dr Shakil has been sentenced to 33 years imprisonment and a fine of 320,000 Pakistani rupees [Dh12,800]," said Mohammed Nasir, a government official in Peshawar, where the jail term will be served.
Afridi is the first person to be sentenced by Pakistani authorities in the bin Laden case. No one has yet been charged for helping the Al Qaeda leader take refuge in Pakistan.
The imprisonment will almost certainly anger the US at a sensitive time, with both sides engaged in difficult talks about reopening Nato supply routes to US-led troops in Afghanistan.
US officials had made public appeals for Pakistan, a recipient of billions of dollars in American aid, to release Afridi, detained after the operation that killed bin Laden.
In January, Leon Panetta, the US defence secretary, said Afridi and his team had been key in finding bin Laden, describing him as helpful and insisting the doctor had not committed treason or harmed Pakistan.
Dana Rohrabacher, a US congressman, introduced legislation in February calling for Afridi to be granted American citizenship and said it was "shameful and unforgivable that our supposed allies" charged him.
The US raid that killed bin Laden in Abbottabad, just a few hours' drive from the capital Islamabad, humiliated Pakistan's military, which described the move as a violation of sovereignty.
Intelligence cooperation between the US and Pakistan, vital for the fight against militants, has subsequently been cut drastically.
Afridi's prison term could complicate efforts to break a deadlock in talks over the reopening of land routes through Pakistan to Afghanistan.
Pakistan closed the supply routes, also seen as vital to the planned withdrawal of most foreign troops from Afghanistan before the end of 2014, in protest against last November's killing of 24 Pakistani soldiers in a Nato air attack along the Afghan border.
Before Afridi's sentence, a US official said that the US hoped Pakistan would soon agree to reopen the routes after a Senate panel threatened to cut aid to Islamabad.
"Talks are continuing and we hope to reach a resolution soon," said the official.
Nato has been seeking to compensate for the lack of access in Pakistan with shipments of war supplies via Afghanistan's other borders, but those routes are more expensive.
A western official said fees for use of the routes are under discussion.
A US Senate panel voted to cut aid to Pakistan on Tuesday and threatened to withhold even more cash if the country did not reopen the routes.
The panel voted to cut aid by 58 per cent in the 2013 fiscal year, said the panel's chairman, Patrick Leahy.
That move, along with Afridi's case, highlighted tensions between Pakistan and the US.
Afridi was arrested soon after bin Laden was killed, and has not been publicly heard of since.
Seventeen health workers who worked with Afridi on the vaccination drive were fired in March, according to termination letters, which described them as having acted "against the national interest".
On May 2, one year after bin Laden's death, some of them appeared at the site where bin Laden's house had stood before it was demolished by Pakistani authorities.
Afridi "was very nice to all the people in the team and did his job very diligently", said one of the health workers Naseem Bib, holding one of the notices.
"Yes he was very interested in this house on that day [of the vaccination drive] but I am not sure why."
The sackings underscored Pakistan's lingering fury over the bin Laden affair, which exposed the military to rare public criticism, both because of the presence of the Al Qaeda chief in the country, and the fact that US special forces just swept in and out of the country and faced no resistance.
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Profile of Udrive
Date started: March 2016
Founder: Hasib Khan
Based: Dubai
Employees: 40
Amount raised (to date): $3.25m – $750,000 seed funding in 2017 and a Seed round of $2.5m last year. Raised $1.3m from Eureeca investors in January 2021 as part of a Series A round with a $5m target.
Killing of Qassem Suleimani
Greatest Royal Rumble results
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Tax authority targets shisha levy evasion
The Federal Tax Authority will track shisha imports with electronic markers to protect customers and ensure levies have been paid.
Khalid Ali Al Bustani, director of the tax authority, on Sunday said the move is to "prevent tax evasion and support the authority’s tax collection efforts".
The scheme’s first phase, which came into effect on 1st January, 2019, covers all types of imported and domestically produced and distributed cigarettes. As of May 1, importing any type of cigarettes without the digital marks will be prohibited.
He said the latest phase will see imported and locally produced shisha tobacco tracked by the final quarter of this year.
"The FTA also maintains ongoing communication with concerned companies, to help them adapt their systems to meet our requirements and coordinate between all parties involved," he said.
As with cigarettes, shisha was hit with a 100 per cent tax in October 2017, though manufacturers and cafes absorbed some of the costs to prevent prices doubling.
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UAE currency: the story behind the money in your pockets
Kandahar%20
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MATCH INFO
Brescia 1 (Skrinia og, 76)
Inter Milan 2 (Martinez 33, Lukaku 63)
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The Vile
Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah
Director: Majid Al Ansari
Rating: 4/5
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Vidaamuyarchi
Director: Magizh Thirumeni
Stars: Ajith Kumar, Arjun Sarja, Trisha Krishnan, Regina Cassandra
Rating: 4/5
Abandon
Sangeeta Bandyopadhyay
Translated by Arunava Sinha
Tilted Axis Press
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Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
The Land between Two Rivers: Writing in an Age of Refugees
Tom Sleigh, Graywolf Press
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UAE currency: the story behind the money in your pockets
Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
MATCH INFO
Manchester City 4 (Gundogan 8' (P), Bernardo Silva 19', Jesus 72', 75')
Fulham 0
Red cards: Tim Ream (Fulham)
Man of the Match: Gabriel Jesus (Manchester City)
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.”
Honeymoonish
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Anghami
Started: December 2011
Co-founders: Elie Habib, Eddy Maroun
Based: Beirut and Dubai
Sector: Entertainment
Size: 85 employees
Stage: Series C
Investors: MEVP, du, Mobily, MBC, Samena Capital
Mohammed bin Zayed Majlis
England v South Africa schedule
- First Test: Starts Thursday, Lord's, 2pm (UAE)
- Second Test: July 14-18, Trent Bridge, Nottingham, 2pm
- Third Test: The Oval, London, July 27-31, 2pm
- Fourth Test: Old Trafford, Manchester, August 4-8
EMERGENCY PHONE NUMBERS
Estijaba – 8001717 – number to call to request coronavirus testing
Ministry of Health and Prevention – 80011111
Dubai Health Authority – 800342 – The number to book a free video or voice consultation with a doctor or connect to a local health centre
Emirates airline – 600555555
Etihad Airways – 600555666
Ambulance – 998
Knowledge and Human Development Authority – 8005432 ext. 4 for Covid-19 queries
Rock in a Hard Place: Music and Mayhem in the Middle East
Orlando Crowcroft
Zed Books
The White Lotus: Season three
Creator: Mike White
Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell
Rating: 4.5/5
Mohammed bin Zayed Majlis
India squads
Test squad against Afghanistan: Rahane (c), Dhawan, Vijay, Rahul, Pujara, Karun, Saha, Ashwin, Jadeja, Kuldeep, Umesh, Shami, Pandya, Ishant, Thakur.
T20 squad against Ireland and England: Kohli (c), Dhawan, Rohit, Rahul, Raina, Pandey, Dhoni, Karthik, Chahal, Kuldeep, Sundar, Bhuvneshwar, Bumrah, Pandya, Kaul, Umesh.
ODI squad against England: Kohli (c), Dhawan, Rohit, Rahul, Shreyas, Rayudu, Dhoni, Karthik, Chahal, Kuldeep, Sundar, Bhuvneshwar, Bumrah, Pandya, Kaul, Umesh