A woman places holds up her ballot before voting on Tuesday in Egypt's referendum on a new constitution. Ed Giles/Getty Images
A woman places holds up her ballot before voting on Tuesday in Egypt's referendum on a new constitution. Ed Giles/Getty Images
A woman places holds up her ballot before voting on Tuesday in Egypt's referendum on a new constitution. Ed Giles/Getty Images
A woman places holds up her ballot before voting on Tuesday in Egypt's referendum on a new constitution. Ed Giles/Getty Images

Egyptians unfazed by attempts to disrupt poll


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CAIRO // Two hours before polls opened in Cairo, an explosion outside a courthouse near a polling station reverberated through the surrounding streets.

No one was injured in the 7am blast but glass was strewn on the street outside the court in the Imbaba district and on the opposite side of the road shop fronts were damaged by the force of the explosion.

Despite the threat of violence, crowds gathered outside the court waiting to cast their vote in the referendum on a new constitution, many of them holding posters of the military chief, Gen Abdel Fatah El Sisi who is widely tipped to be Egypt’s next president.

“We will not be scared out of voting,” said Wael Kamal, who lives behind the courthouse and heard the explosion.

“I don’t want the Brotherhood’s dictatorship and lack of democracy, nor do I want Mubarak’s regime back. I want the army and Sisi, that’s who I believe in,” the 28-year-old said, as he stood in line waiting to vote “yes”.

Others views were more extreme, reflecting sentiment against the Muslim Brotherhood, the Islamist group of former president Mohammed Morsi who was removed from power last year.

“I want the Muslim Brotherhood dead, I want them all to be killed and slaughtered so we can be rid of them once and for all,” said Sayed Harbi, a 42-year-old newspaper and drinks seller outside the courthouse. His small shop’s windows were broken in the explosion. He was voting “yes” for the constitution and “yes” for Gen El Sisi, he said.

The Brotherhood had called for a boycott of the referendum on charter, which guarantees gender equality and bans religion-based political parties. While many queuing to vote said they opposed the Brotherhood, the referendum has created tension between Egyptians.

Ahmed Ibrahim and Dr Ibrahim Kamel have been friends for more than 20 years. They are neighbours in the working-class area of Omraneya in the province of Giza, south-west of Cairo, and they are both Salafis — believers in a strict interpretation of Islam. And yet on the first day of Egypt’s referendum they took opposing stands: Mr Ibrahim is voting yes, while Mr Kamel is boycotting.

A majority yes vote for this constitution would represent “a strong step forward in terms of the road map, leading to calm and stability”, said Mr Ibrahim, 40, a senior member of the Salafist Nour Party in Giza.

The Nour Party was the only Islamist party to call on Mr Morsi to step down in July after unprecedented numbers of Egyptians took to the streets to protest against his government and the constitution he had pushed through by using his executive powers.

Mr Kamel, 42, an orthopaedist at a government hospital in Giza, sees things differently. He is a founding member of the Al Watan Party, which split from the Nour Party in January 2013 over disagreements in leadership.

“We want the country to calm down and stabilise, but the political and societal divisions that exist in Egypt are very dangerous,” said Mr Kamel. “I might be upset with Mr X, and if he has a wedding I won’t go, but if there’s a death in his family, of course, I would go. Now, we see Egyptians happy at the death of their brothers, and they’re encouraging it, and this is really dangerous for our society. This is even more dangerous than the new constitution.”

Mr Kamel also said he opposed the lack of freedom in the lead-up to the referendum, with people campaigning for a “no” vote being arrested, while “yes” posters were draped prominently across Cairo.

foreign.desk@thenational.ae

What is the FNC?

The Federal National Council is one of five federal authorities established by the UAE constitution. It held its first session on December 2, 1972, a year to the day after Federation.
It has 40 members, eight of whom are women. The members represent the UAE population through each of the emirates. Abu Dhabi and Dubai have eight members each, Sharjah and Ras al Khaimah six, and Ajman, Fujairah and Umm Al Quwain have four.
They bring Emirati issues to the council for debate and put those concerns to ministers summoned for questioning. 
The FNC’s main functions include passing, amending or rejecting federal draft laws, discussing international treaties and agreements, and offering recommendations on general subjects raised during sessions.
Federal draft laws must first pass through the FNC for recommendations when members can amend the laws to suit the needs of citizens. The draft laws are then forwarded to the Cabinet for consideration and approval. 
Since 2006, half of the members have been elected by UAE citizens to serve four-year terms and the other half are appointed by the Ruler’s Courts of the seven emirates.
In the 2015 elections, 78 of the 252 candidates were women. Women also represented 48 per cent of all voters and 67 per cent of the voters were under the age of 40.
 

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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Match info

Newcastle United 1
Joselu (11')

Tottenham Hotspur 2
Vertonghen (8'), Alli (18')

How does ToTok work?

The calling app is available to download on Google Play and Apple App Store

To successfully install ToTok, users are asked to enter their phone number and then create a nickname.

The app then gives users the option add their existing phone contacts, allowing them to immediately contact people also using the application by video or voice call or via message.

Users can also invite other contacts to download ToTok to allow them to make contact through the app.

 

How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less
CONFIRMED%20LINE-UP
%3Cp%3EElena%20Rybakina%20(Kazakhstan)%3Cbr%3EOns%20Jabeur%20(Tunisia)%3Cbr%3EMaria%20Sakkari%20(Greece)%3Cbr%3EBarbora%20Krej%C4%8D%C3%ADkov%C3%A1%20(Czech%20Republic)%3Cbr%3EBeatriz%20Haddad%20Maia%20(Brazil)%3Cbr%3EJe%C4%BCena%20Ostapenko%20(Latvia)%3Cbr%3ELiudmila%20Samsonova%3Cbr%3EDaria%20Kasatkina%3Cbr%3EVeronika%20Kudermetova%3Cbr%3ECaroline%20Garcia%20(France)%3Cbr%3EMagda%20Linette%20(Poland)%3Cbr%3ESorana%20C%C3%AErstea%20(Romania)%3Cbr%3EAnastasia%20Potapova%3Cbr%3EAnhelina%20Kalinina%20(Ukraine)%3Cbr%3EJasmine%20Paolini%20(Italy)%3Cbr%3EEmma%20Navarro%20(USA)%3Cbr%3ELesia%20Tsurenko%20(Ukraine)%3Cbr%3EEmma%20Raducanu%20(Great%20Britain)%20%E2%80%93%20wildcard%3C%2Fp%3E%0A

Last 10 winners of African Footballer of the Year

2006: Didier Drogba (Chelsea and Ivory Coast)
2007: Frederic Kanoute (Sevilla and Mali)
2008: Emmanuel Adebayor (Arsenal and Togo)
2009: Didier Drogba (Chelsea and Ivory Coast)
2010: Samuel Eto’o (Inter Milan and Cameroon)
2011: Yaya Toure (Manchester City and Ivory Coast)
2012: Yaya Toure (Manchester City and Ivory Coast)
2013: Yaya Toure (Manchester City and Ivory Coast)
2014: Yaya Toure (Manchester City and Ivory Coast)
2015: Pierre-Emerick Aubameyang (Borussia Dortmund and Gabon)
2016: Riyad Mahrez (Leicester City and Algeria)

Understand What Black Is

The Last Poets

(Studio Rockers)

Cultural fiesta

What: The Al Burda Festival
When: November 14 (from 10am)
Where: Warehouse421,  Abu Dhabi
The Al Burda Festival is a celebration of Islamic art and culture, featuring talks, performances and exhibitions. Organised by the Ministry of Culture and Knowledge Development, this one-day event opens with a session on the future of Islamic art. With this in mind, it is followed by a number of workshops and “masterclass” sessions in everything from calligraphy and typography to geometry and the origins of Islamic design. There will also be discussions on subjects including ‘Who is the Audience for Islamic Art?’ and ‘New Markets for Islamic Design.’ A live performance from Kuwaiti guitarist Yousif Yaseen should be one of the highlights of the day.