Policemen stand near burning vehicles moments after one in a series of bombs hit the Shiite stronghold of Sadr City in Baghdadon on May 13, 2014. Karim Kadim / AP Photo
Policemen stand near burning vehicles moments after one in a series of bombs hit the Shiite stronghold of Sadr City in Baghdadon on May 13, 2014. Karim Kadim / AP Photo
Policemen stand near burning vehicles moments after one in a series of bombs hit the Shiite stronghold of Sadr City in Baghdadon on May 13, 2014. Karim Kadim / AP Photo
Policemen stand near burning vehicles moments after one in a series of bombs hit the Shiite stronghold of Sadr City in Baghdadon on May 13, 2014. Karim Kadim / AP Photo

Dozens killed in Iraqi car bombings on Shiite holiday


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  • Arabic

BAGHDAD // Militants unleashed a wave of car bombings in Iraqon Tuesday, killing at least 34 people and sending thick, black smoke into the Baghdad skies in a show of force meant to intimidate the majority Shiites as they marked what is meant to be a joyous holiday for their sect.

The attacks came nearly two weeks after Iraqis cast ballots in the country’s first parliamentary election since the US military withdrawal in 2011. No preliminary results have yet been released, deepening a sense of uncertainty in a country strained by a resurgence of violence.

It was the deadliest day in Iraq since April 28, when militant strikes on polling stations and other targets killed 46. No group immediately claimed responsibility for the attacks, most of which hit Baghdad during rush hour, but they were most likely the work of the Al Qaeda offshoot known as the Islamic State in Iraq and the Levant.

The militant group, made up of Sunni Muslim extremists, has strengthened control over parts of western Iraq since late December. It seeks to undermine the Shiite Muslim-led government’s efforts to maintain security across the country. Coordinated car bomb attacks against Shiites, whom it considers heretics, are one of its favourite tactics.

All of Tuesday’s blasts were caused by explosives-laden vehicles parked in public areas. They coincided with the Shiite communities’ celebration of the birthday of Imam Ali, the Prophet Muhammad’s cousin and son-in-law and the sect’s most sacred martyr.

Two blasts hit Baghdad’s poor Shiite district of Sadr City, killing six people and wounding 13, according to police.

A short while later, a car bomb exploded in a commercial street in the capital’s eastern district of Jamila, killing three people and wounding 10. Police said a fourth car bomb went off near a traffic police office in eastern Baghdad, killing four people and wounding seven.

Juice shop owner Haithem Kadhum was rushing home to Sadr City to check on his family after hearing of the attacks when he was struck by the explosion in Jamila. Flying shrapnel struck him in the shoulder.

“I got out of the car and I saw dead and wounded people on the ground. Everybody was in panic,” Mr Kadhum said after being treated at a nearby hospital.

Other blasts struck commercial areas in downtown Baghdad, in the eastern districts of Ur and Maamil, and in the southern Dora district. Those attacks together killed 15 and wounded 45, according to police.

Yet another parked car bomb exploded in the afternoon in Balad, a largely Shiite town surrounded by Sunni areas some 80km north of the capital. That blast killed six and wounded 17, police said.

Medical officials confirmed the casualty figures.

Iraqis went to the polls on April 30 in the first national-level election since US troops left the country. Prime minister Nouri Al Maliki, who is seeking a third term on a law-and-order platform, hailed the strong turnout as a rejection of terrorism.

It was a theme the British Embassy reiterated in condemning Tuesday’s bloodshed.

“Two weeks ago the Iraqi people showed their clear support for a peaceful, democratic process by voting in large numbers. This was a clear rejection of the terrorists seeking to destabilise Iraq,” said Britain’s charge d’affaires, Mark Bryson-Richardson.

Iraq’s Independent Election Commission has said that vote counting is still under way. It has not yet set a date to announce final results.

A coalition led by Mr Al Maliki is expected to win most the seats of the 328-member parliament, but not a majority. He would have to approach other parties to cobble together a coalition to form the next government.

Iraq has seen a spike in violence since April 2013, with the death toll climbing to its highest levels since the worst of the country’s sectarian bloodletting in 2006-2008. The UN says 8,868 people were killed in 2013, and more than 1,400 people were killed in January and February of this year.

* Associated Press

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Uefa Champions League Group B

Tottenham Hotspur 1 (Eriksen 80')
Inter Milan 0

Cricket World Cup League 2

UAE squad

Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind

Fixtures

Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE

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Anxiety and work stress major factors

Anxiety, work stress and social isolation are all factors in the recogised rise in mental health problems.

A study UAE Ministry of Health researchers published in the summer also cited struggles with weight and illnesses as major contributors.

Its authors analysed a dozen separate UAE studies between 2007 and 2017. Prevalence was often higher in university students, women and in people on low incomes.

One showed 28 per cent of female students at a Dubai university reported symptoms linked to depression. Another in Al Ain found 22.2 per cent of students had depressive symptoms - five times the global average.

It said the country has made strides to address mental health problems but said: “Our review highlights the overall prevalence of depressive symptoms and depression, which may long have been overlooked."

Prof Samir Al Adawi, of the department of behavioural medicine at Sultan Qaboos University in Oman, who was not involved in the study but is a recognised expert in the Gulf, said how mental health is discussed varies significantly between cultures and nationalities.

“The problem we have in the Gulf is the cross-cultural differences and how people articulate emotional distress," said Prof Al Adawi. 

“Someone will say that I have physical complaints rather than emotional complaints. This is the major problem with any discussion around depression."

Daniel Bardsley

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Florence and the Machine – High as Hope
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Uefa Champions League semi-final, first leg

Tottenham v Ajax, Tuesday, 11pm (UAE).

Second leg

Ajax v Tottenham, Wednesday, May 8, 11pm

Games on BeIN Sports

Voices: How A Great Singer Can Change Your Life
Nick Coleman
Jonathan Cape

Turkish Ladies

Various artists, Sony Music Turkey 

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Water waste

In the UAE’s arid climate, small shrubs, bushes and flower beds usually require about six litres of water per square metre, daily. That increases to 12 litres per square metre a day for small trees, and 300 litres for palm trees.

Horticulturists suggest the best time for watering is before 8am or after 6pm, when water won't be dried up by the sun.

A global report published by the Water Resources Institute in August, ranked the UAE 10th out of 164 nations where water supplies are most stretched.

The Emirates is the world’s third largest per capita water consumer after the US and Canada.

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%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3EAlmouneer%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202017%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Dr%20Noha%20Khater%20and%20Rania%20Kadry%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EEgypt%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%20%3C%2Fstrong%3E120%3Cbr%3E%3Cstrong%3EInvestment%3A%20%3C%2Fstrong%3EBootstrapped%2C%20with%20support%20from%20Insead%20and%20Egyptian%20government%2C%20seed%20round%20of%20%3Cbr%3E%243.6%20million%20led%20by%20Global%20Ventures%3Cbr%3E%3C%2Fp%3E%0A
Paatal Lok season two

Directors: Avinash Arun, Prosit Roy 

Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong

Rating: 4.5/5

The Vile

Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah

Director: Majid Al Ansari

Rating: 4/5

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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.”

HIJRA

Starring: Lamar Faden, Khairiah Nathmy, Nawaf Al-Dhufairy

Director: Shahad Ameen

Rating: 3/5

New schools in Dubai
Timeline

1947
Ferrari’s road-car company is formed and its first badged car, the 125 S, rolls off the assembly line

1962
250 GTO is unveiled

1969
Fiat becomes a Ferrari shareholder, acquiring 50 per cent of the company

1972
The Fiorano circuit, Ferrari’s racetrack for development and testing, opens

1976
First automatic Ferrari, the 400 Automatic, is made

1987
F40 launched

1988
Enzo Ferrari dies; Fiat expands its stake in the company to 90 per cent

2002
The Enzo model is announced

2010
Ferrari World opens in Abu Dhabi

2011
First four-wheel drive Ferrari, the FF, is unveiled

2013
LaFerrari, the first Ferrari hybrid, arrives

2014
Fiat Chrysler announces the split of Ferrari from the parent company

2015
Ferrari launches on Wall Street

2017
812 Superfast unveiled; Ferrari celebrates its 70th anniversary

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VEZEETA PROFILE

Date started: 2012

Founder: Amir Barsoum

Based: Dubai, UAE

Sector: HealthTech / MedTech

Size: 300 employees

Funding: $22.6 million (as of September 2018)

Investors: Technology Development Fund, Silicon Badia, Beco Capital, Vostok New Ventures, Endeavour Catalyst, Crescent Enterprises’ CE-Ventures, Saudi Technology Ventures and IFC