One of the houses burnt during racial violence near Galle on Saturday that started after a traffic accident the day before
One of the houses burnt during racial violence near Galle on Saturday that started after a traffic accident the day before

Sri Lanka curfew after Buddhist-Muslim violence in Galle



The Sri Lankan army enforced a curfew for a second successive night after dozens of Muslim homes and businesses were attacked near the southern city of Galle.
Nineteen people were arrested after the clashes, in which four people were hurt. The violence erupted on Friday after a traffic accident in Gintota spiralled into street clashes between Sinhalese Buddhists and Muslims. Mobs attacked 62 Muslim homes and business premises. 
Buddhists comprise 71 per cent of the country's population, while Muslims make up about 9 per cent.
Police and government officials emphasised that the violence had been stirred up by "extremist groups". 
"I am aware that some political groups are on a desperate mission to turn this minor brawl into a Sinhala-Muslim clash," Sagala Ratnayaka, Sri Lanka's law minister, said yesterday. 
A police spokesperson, who also blamed "a small fraction of extremists in both ethnic groups", said that false rumours and misleading videos had been circulated on social media to fan the violence. Among the 19 arrested were people who were spreading such rumours, including one that Muslims were plotting to attack a Buddhist temple.
The government of president Maithripala Sirisena is keen to crack down on religious conflict after he was accused, earlier this year, of not fulfilling his 2015 election promise of curbing Buddhist nationalism.
In April and May, the Secretariat for Muslims, a non-profit group based in Colombo, recorded at least 20 attacks and threats against Muslims, mosques and their businesses. They came from Buddhist right-wing groups such as the Bodu Bala Sena, the Sinhala Rawaya and the Sinhala Jathika Balaya, which have emerged over the past five years.
These groups, particularly the Bodu Bala Sena, gained in strength during the previous presidency of Mahinda Rajapaksa. Between 2012 and 2015, before Mr Sirisena came to power, Buddhist nationalists were at the forefront of attacks on Muslim-owned shops, mosques and Muslim shrines. 
Most prominently, in June 2014, four people were killed and nearly 100 injured when Buddhist mobs attacked Muslims in the towns of Aluthgama and Beruwala. 
Mr Rajapaksa and his brother Gotabhaya, who was defence secretary at the time, were accused of tolerating, and perhaps encouraging, these Buddhist groups when they were in power. Gotabhaya Rajapaksa attended Bodu Bala Sena events several times and the Rajapaksa government's hyperactive celebrations of Sri Lanka's Buddhist heritage chimed with the nationalists' own version of their country's character. 
Mr Sirisena, having defeated Mr Rajapaksa in the 2015 presidential election, said that he would pay greater attention to human-rights issues. He even promised to co-operate with the United Nations Human Rights Council's investigation into war crimes committed by the army during the Sri Lankan civil war, which ran from 1983 to 2009.
"Religious disturbances are developing in the country due to the activities of extremist religious sects," Mr Sirisena said in his manifesto. "In this situation, the extremist groups mutually nourish one another and are expanding their activities."
But optimism that Mr Sirisena would crack down on these groups has grown into disappointment. In a report published in May, the International Crisis Group noted weakening support for the president from minorities such as Tamils and Muslims.
The government "continues to drag its feet on impunity for human rights violations and abuses of power", the report said. "Torture of detainees remains routine, and the draconian Prevention of Terrorism Act has yet to be replaced, as promised."
In May, Galagoda Aththe Gnanasara, the secretary general of the Bodu Bala Sena, made a series of speeches instigating violence against Muslims. He urged his followers "to go and occupy any lands" owned by Muslims, claiming that the country belongs morally to its Buddhists.
Under pressure, the government arrested him on charges of hate speech but he was later released on bail; his trial has yet to begin. 
Buddhist nationalist groups sense the government's weakness or unwillingness to act against them, said Aasiff Hussein, a political analyst and writer based in Colombo. 
"Muslims are starting to feel newly vulnerable, as they felt four or five years ago during the Rajapaksa era," Mr Hussein said. "The only thing that will truly send a signal is for the top leaders of these nationalist groups to be arrested and put on trial."

Results

Stage 7:
1. Adam Yates (GBR) UAE Team Emirates – 3hrs 29min 42ses
2. Remco Evenepoel (BEL) Soudal Quick-Step – 10sec
3. Geoffrey Bouchard (FRA) AG2R Citroen Team – 42sec
General Classification:
1. Remco Evenepoel (BEL) Soudal Quick-Step
2. Lucas Plapp (AUS) Ineos Grenaders – 59se
3. Adam Yates (GBR) UAE Team Emirates –60sec
Red Jersey (General Classification): Remco Evenepoel (BEL) Soudal Quick-Step
Green Jersey (Points Classification): Tim Merlier (BEL) Soudal Quick-Step
White Jersey (Young Rider Classification): Remco Evenepoel (BEL) Soudal Quick-Step
Black Jersey (Intermediate Sprint Classification): Edward Planckaert (FRA) Alpecin-Deceuninck

ROUTE TO TITLE

Round 1: Beat Leolia Jeanjean 6-1, 6-2
Round 2: Beat Naomi Osaka 7-6, 1-6, 7-5
Round 3: Beat Marie Bouzkova 6-4, 6-2
Round 4: Beat Anastasia Potapova 6-0, 6-0
Quarter-final: Beat Marketa Vondrousova 6-0, 6-2
Semi-final: Beat Coco Gauff 6-2, 6-4
Final: Beat Jasmine Paolini 6-2, 6-2

Jordan cabinet changes

In

  • Raed Mozafar Abu Al Saoud, Minister of Water and Irrigation
  • Dr Bassam Samir Al Talhouni, Minister of Justice
  • Majd Mohamed Shoueikeh, State Minister of Development of Foundation Performance
  • Azmi Mahmud Mohafaza, Minister of Education and Minister of Higher Education and Scientific Research
  • Falah Abdalla Al Ammoush, Minister of Public Works and Housing
  • Basma Moussa Ishakat, Minister of Social Development
  • Dr Ghazi Monawar Al Zein, Minister of Health
  • Ibrahim Sobhi Alshahahede, Minister of Agriculture and Minister of Environment
  • Dr Mohamed Suleiman Aburamman, Minister of Culture and Minister of Youth

Out

  • Dr Adel Issa Al Tawissi, Minister of High Education and Scientific Research
  • Hala Noaman “Basiso Lattouf”, Minister of Social Development
  • Dr Mahmud Yassin Al Sheyab, Minister of Health
  • Yahya Moussa Kasbi, Minister of Public Works and Housing
  • Nayef Hamidi Al Fayez, Minister of Environment
  • Majd Mohamed Shoueika, Minister of Public Sector Development
  • Khalid Moussa Al Huneifat, Minister of Agriculture
  • Dr Awad Abu Jarad Al Mushakiba, Minister of Justice
  • Mounir Moussa Ouwais, Minister of Water and Agriculture
  • Dr Azmi Mahmud Mohafaza, Minister of Education
  • Mokarram Mustafa Al Kaysi, Minister of Youth
  • Basma Mohamed Al Nousour, Minister of Culture
ARM IPO DETAILS

Share price: Undisclosed

Target raise: $8 billion to $10 billion

Projected valuation: $60 billion to $70 billion (Source: Bloomberg)

Lead underwriters: Barclays, Goldman Sachs Group, JPMorgan Chase and Mizuho Financial Group

COMPANY PROFILE

Name: SmartCrowd
Started: 2018
Founder: Siddiq Farid and Musfique Ahmed
Based: Dubai
Sector: FinTech / PropTech
Initial investment: $650,000
Current number of staff: 35
Investment stage: Series A
Investors: Various institutional investors and notable angel investors (500 MENA, Shurooq, Mada, Seedstar, Tricap)

The specs

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David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

Results:

5pm: Handicap (PA) | Dh80,000 | 1,600 metres

Winner: Dasan Da, Saeed Al Mazrooei (jockey), Helal Al Alawi (trainer)

5.30pm: Maiden (PA) | Dh80,000 | 1,600m

Winner: AF Saabah, Tadhg O’Shea, Ernst Oertel

6pm: Handicap (PA) | Dh80,000 | 1,600m

Winner: Mukaram, Pat Cosgrave, Eric Lemartinel

6.30pm: Handicap (PA) | Dh80,000 | 2,200m

Winner: MH Tawag, Richard Mullen, Elise Jeanne

7pm: Wathba Stallions Cup Handicap (PA) | Dh70,000 | 1,400m

Winner: RB Inferno, Fabrice Veron, Ismail Mohammed

7.30pm: Handicap (TB) | Dh100,000 | 1,600m

Winner: Juthoor, Jim Crowley, Erwan Charpy

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home. 

The Vines - In Miracle Land
Two stars

Dengue fever symptoms
  • High fever
  • Intense pain behind your eyes
  • Severe headache
  • Muscle and joint pains
  • Nausea
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If symptoms occur, they usually last for two-seven days

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Transmission: eight-speed
Power: 503hp
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Engine: 1.6-litre 4-cylinder petrol
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AL BOOM

Director:Assad Al Waslati

Starring: Omar Al Mulla, Badr Hakami and Rehab Al Attar

Streaming on: ADtv

Rating: 3.5/5

Tickets

Tickets start at Dh100 for adults, while children can enter free on the opening day. For more information, visit www.mubadalawtc.com.

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.”