Egypt urges citizens to vote in referendum


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CAIRO // Egyptians vote this week for the first time since Mohammed Morsi's downfall in a constitutional referendum that will likely give a final push to a presidential bid by the man who deposed him, army chief General Abdel Fattah El Sisi.
Approval of the rewritten constitution appears a foregone conclusion: Mr Morsi's now outlawed Muslim Brotherhood is urging a boycott rather than a 'no' vote, while many Egyptians who backed his overthrow are expected to vote 'yes' in a show of support for the army-backed order that has replaced his rule.
The state is urging citizens to vote in numbers on Tuesday and Wednesday. Analysts say it hopes that the turnout and the 'yes' vote will outstrip ballots won by the Muslim Brotherhood to give the new order an electoral seal of legitimacy.
"Egypt is on the threshold of a decisive stage in its history, the results of which are awaited by the world," Mr El Sisi said on Saturday in public remarks that included the clearest indication to date that he will stand for election.
"If I run, then it must be at the request of the people, and with a mandate from my army," said the 59-year-old, who is depicted by his supporters as a saviour who will restore stability to a country that has seen three years of turmoil.
Mr Al Sisi deposed Mursi, Egypt's first freely elected head of state, on July 3 following mass protests against his rule. His opponents see him as the mastermind of a coup that set off the worst internal strife in Egypt's modern history.
As the referendum approaches, Mr El Sisi's supporters are conflating him and the constitution into one: "Yes to the constitution" declares one banner strung from a Cairo building, alongside a photo of Mr El Sisi in army uniform.
Mr El Sisi appeared on state TV again on Sunday, addressing members of the security forces set to provide security for the vote. The interior ministry will deploy 220,000 policemen and 500 combat units, state TV reported. Troops will also be used.
The referendum is a key element of a transition plan the government unveiled in July with the stated aim of restoring democracy, while simultaneously launching a fierce crackdown on the Brotherhood, Egypt's best organised party until last year.
Driven underground and declared a terrorist group on December 25, the Brotherhood has said it will not take part in the road map. A presidential vote is expected as early as April, once the referendum is approved, with a parliamentary election later.
"What will count is the percentage of Egyptians who go," said Hassan Nafaa, a professor of political science at Cairo University. "It will be very clear to the whole world whether this was a revolution against Mursi or a coup."
The constitution will replace one signed into law by Mr Morsi a little more than a year ago after it was approved in a referendum. The new text strips out controversial Islamist language while strengthening state institutions that opposed Mr Morsi's rule: the military, the police and the judiciary.
Its supporters include the ultraorthodox Islamist Nour Party, which backed Mr Morsi's removal, the official Islamic establishment of Al Azhar and the Coptic Church.
The draft has won some praise for its stronger human rights protections, even as the authorities have cracked down on dissent with moves including a new law that tightly curbs protests, drawing criticism from Western governments.
With the Brotherhood boycotting, there have been no signs of a major effort to mobilise a 'no' vote, and little or no criticism of the draft constitution in Egyptian media, which are overwhelmingly hostile to the Muslim Brotherhood.
* Reuters

$1,000 award for 1,000 days on madrasa portal

Daily cash awards of $1,000 dollars will sweeten the Madrasa e-learning project by tempting more pupils to an education portal to deepen their understanding of math and sciences.

School children are required to watch an educational video each day and answer a question related to it. They then enter into a raffle draw for the $1,000 prize.

“We are targeting everyone who wants to learn. This will be $1,000 for 1,000 days so there will be a winner every day for 1,000 days,” said Sara Al Nuaimi, project manager of the Madrasa e-learning platform that was launched on Tuesday by the Vice President and Ruler of Dubai, to reach Arab pupils from kindergarten to grade 12 with educational videos.  

“The objective of the Madrasa is to become the number one reference for all Arab students in the world. The 5,000 videos we have online is just the beginning, we have big ambitions. Today in the Arab world there are 50 million students. We want to reach everyone who is willing to learn.”

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11 cabbie-recommended restaurants and dishes to try in Abu Dhabi

Iqbal Restaurant behind Wendy’s on Hamdan Street for the chicken karahi (Dh14)

Pathemari in Navy Gate for prawn biryani (from Dh12 to Dh35)

Abu Al Nasar near Abu Dhabi Mall, for biryani (from Dh12 to Dh20)

Bonna Annee at Navy Gate for Ethiopian food (the Bonna Annee special costs Dh42 and comes with a mix of six house stews – key wet, minchet abesh, kekel, meser be sega, tibs fir fir and shiro).

Al Habasha in Tanker Mai for Ethiopian food (tibs, a hearty stew with meat, is a popular dish; here it costs Dh36.75 for lamb and beef versions)

Himalayan Restaurant in Mussaffa for Nepalese (the momos and chowmein noodles are best-selling items, and go for between Dh14 and Dh20)

Makalu in Mussaffa for Nepalese (get the chicken curry or chicken fry for Dh11)

Al Shaheen Cafeteria near Guardian Towers for a quick morning bite, especially the egg sandwich in paratha (Dh3.50)

Pinky Food Restaurant in Tanker Mai for tilapia

Tasty Zone for Nepalese-style noodles (Dh15)

Ibrahimi for Pakistani food (a quarter chicken tikka with roti costs Dh16)

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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.”

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  • Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
  • Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.

David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East

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6. Annika Sande (NOR) atop For Cash 2 - 31.42 seconds (4 penalties)

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Top tips

Create and maintain a strong bond between yourself and your child, through sensitivity, responsiveness, touch, talk and play. “The bond you have with your kids is the blueprint for the relationships they will have later on in life,” says Dr Sarah Rasmi, a psychologist.
Set a good example. Practise what you preach, so if you want to raise kind children, they need to see you being kind and hear you explaining to them what kindness is. So, “narrate your behaviour”.
Praise the positive rather than focusing on the negative. Catch them when they’re being good and acknowledge it.
Show empathy towards your child’s needs as well as your own. Take care of yourself so that you can be calm, loving and respectful, rather than angry and frustrated.
Be open to communication, goal-setting and problem-solving, says Dr Thoraiya Kanafani. “It is important to recognise that there is a fine line between positive parenting and becoming parents who overanalyse their children and provide more emotional context than what is in the child’s emotional development to understand.”