BRUSSELS // Belgium will keep the highest threat level for Brussels on Monday and will keep the metro as well as schools closed because of a “serious and imminent” threat of coordinated, multiple attacks, the country’s prime minister said.
For the rest of the country, a threat level of three on a four tier scale would remain in place, the Belgian prime minister Charles Michel said.
With the world on edge over the threat, US president Barack Obama said the most powerful tool to fight ISIL was to say “that we’re not afraid”.
In Paris, defence minister Jean-Yves Le Drian said a chemical or biological attack “was among the risks” faced but that all possible precautions had been taken.
Belgian officials met on Sunday evening to review the security alert, imposed over fears militants planned similar attacks to those in Paris which left 130 people dead on November 13.
The city’s metro system and public buildings were closed, along with shops and restaurants after the terror alert was raised to the highest level of four because of what officials said on Saturday was an “imminent threat.”
The historic Grand Place in central Brussels, usually bustling, was virtually empty, with business badly hit in the run-up to Christmas as troops and armed police patrolled.
“A group of 140 called yesterday to cancel a booking. If it continues like this, the Christmas market will be called off with all the impact that could have,” said Patrick, a waiter at one of the many restaurants on the square.
Interior minister Jan Jambon said the authorities were looking not just for Paris suspect Salah Abdeslam who managed to slip past French security forces after the carnage in the City of Light.
“It involves several suspects and that is why we have put in place such exceptional measures,” the Belga news agency cited Jambon as telling Flemish television.
Belgium and the capital, home to the European Union and Nato, are no strangers to violence.
Four people were shot dead at the Brussels Jewish museum last year, and in January security forces killed two suspects linked to the Charlie Hebdo killings in Paris.
The UN Security Council on Friday authorised nations to “take all necessary measures” to fight extremist violence after a wave of attacks, including the downing of a Russian aircraft in Egypt with the loss of 224 lives and the storming of a luxury hotel in Mali which left 19 dead.
Mr Obama said Sunday he would press ahead with a visit to Paris for UN climate talks in December, calling on world leaders to show similar resolve.
“The most powerful tool we have to fight ISIL is to say that we’re not afraid,” he said.
Russian president Vladimir Putin said the Mali attack, in which six Russians died, showed “terrorism knows no borders” and was a global threat which must be confronted “with the broadest international cooperation.”
Moscow announced separately it had killed 11 ISIL-linked fighters in its volatile North Caucasus region.
French president Francois Hollande next week meets world leaders, including Mr Obama and Mr Putin, as well as Germany’s Angela Merkel and Britain’s David Cameron to discuss what can be done to counter the ISIL threat.
Defence minister Le Drian said French jets would be able to launch air strikes on ISIL targets from the Charles de Gaulle aircraft carrier in the eastern Mediterranean starting on Monday.
In Turkey, police arrested a Belgian of Moroccan origin, Ahmet Dahmani, 26, who reportedly scouted targets for the Paris attacks which saw gunmen and suicide bombers hit bars, restaurants, a rock concert and the national football stadium.
The suspected ringleader, Abdelhamid Abaaoud, died in a massive police raid in Paris on Wednesday along with his cousin Hasna Aitboulahcen, reportedly a one-time party girl who turned to radical Islam about six months ago.
Abaaoud was a notorious Belgian militant thought to be fighting in Syria and his presence in Europe has raised troubling questions about a Europe-wide breakdown in intelligence and border security.
Questions remain too over what role Salah Abdeslam — who used to run a bar with his brother Brahim in Brussels — played.
Brahim died when he blew himself up outside a bar in Paris.
A third brother, Mohamed Abdeslam told RTBF television Sunday he believed Salah had changed his mind at the last moment and had not gone through with his attack.
Mohamed Abdeslam said the family wanted Salah to give himself up.
“That way he can give us the answers we seek, our family and the families of the victims,” he said.
“We would rather see Salah in prison than in the cemetery.”
* Agence France-Presse, Reuters, Associated Press
If you go...
Etihad Airways flies from Abu Dhabi to Kuala Lumpur, from about Dh3,600. Air Asia currently flies from Kuala Lumpur to Terengganu, with Berjaya Hotels & Resorts planning to launch direct chartered flights to Redang Island in the near future. Rooms at The Taaras Beach and Spa Resort start from 680RM (Dh597).
How Alia's experiment will help humans get to Mars
Alia’s winning experiment examined how genes might change under the stresses caused by being in space, such as cosmic radiation and microgravity.
Her samples were placed in a machine on board the International Space Station. called a miniPCR thermal cycler, which can copy DNA multiple times.
After the samples were examined on return to Earth, scientists were able to successfully detect changes caused by being in space in the way DNA transmits instructions through proteins and other molecules in living organisms.
Although Alia’s samples were taken from nematode worms, the results have much bigger long term applications, especially for human space flight and long term missions, such as to Mars.
It also means that the first DNA experiments using human genomes can now be carried out on the ISS.
LA LIGA FIXTURES
Friday Athletic Bilbao v Celta Vigo (Kick-off midnight UAE)
Saturday Levante v Getafe (5pm), Sevilla v Real Madrid (7.15pm), Atletico Madrid v Real Valladolid (9.30pm), Cadiz v Barcelona (midnight)
Sunday Granada v Huesca (5pm), Osasuna v Real Betis (7.15pm), Villarreal v Elche (9.30pm), Alaves v Real Sociedad (midnight)
Monday Eibar v Valencia (midnight)
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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%3Cp%3EThe%20Coffee%20Test%3C%2Fp%3E%0A%3Cp%3E%3Cem%3EA%20machine%20is%20required%20to%20enter%20an%20average%20American%20home%20and%20figure%20out%20how%20to%20make%20coffee%3A%20find%20the%20coffee%20machine%2C%20find%20the%20coffee%2C%20add%20water%2C%20find%20a%20mug%20and%20brew%20the%20coffee%20by%20pushing%20the%20proper%20buttons.%3C%2Fem%3E%3C%2Fp%3E%0A%3Cp%3EProposed%20by%20Steve%20Wozniak%2C%20Apple%20co-founder%3C%2Fp%3E%0A
UAE currency: the story behind the money in your pockets
INDIA V SOUTH AFRICA
First Test: October 2-6, at Visakhapatnam
Second Test: October 10-14, at Maharashtra
Third Test: October 19-23, at Ranchi
The%20Crown%20season%205
%3Cp%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EImelda%20Staunton%2C%20Jonathan%20Pryce%2C%20Lesley%20Manville%2C%20Jonny%20Lee%20Miller%2C%20Dominic%20West%2C%20Elizabeth%20Debicki%2C%20Salim%20Daw%20and%20Khalid%20Abdalla%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EWritten%20by%3A%20%3C%2Fstrong%3EPeter%20Morgan%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%20stars%3C%2Fp%3E%0A
From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5
Global state-owned investor ranking by size
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1.
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United States
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2.
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China
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3.
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UAE
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4.
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Japan
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5
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Norway
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6.
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Canada
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7.
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Singapore
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8.
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Australia
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9.
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Saudi Arabia
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10.
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South Korea
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