Catalan leader Carles Puigdemont, centre, flanked by European Parliament members Antoni Comin and Clara Ponsati, leaves a court in Sardinia on Monday. AP
Catalan leader Carles Puigdemont, centre, flanked by European Parliament members Antoni Comin and Clara Ponsati, leaves a court in Sardinia on Monday. AP
Catalan leader Carles Puigdemont, centre, flanked by European Parliament members Antoni Comin and Clara Ponsati, leaves a court in Sardinia on Monday. AP
Catalan leader Carles Puigdemont, centre, flanked by European Parliament members Antoni Comin and Clara Ponsati, leaves a court in Sardinia on Monday. AP

Separatist leader Carles Puigdemont declares ‘enough’ after Spain extradition move fails


Paul Peachey
  • English
  • Arabic

Separatist leader Carles Puigdemont has urged the Spanish leadership to end efforts to put him before a court over Catalonia’s failed 2017 independence bid after an Italian judge cleared him to travel following Spain's latest extradition bid.

Mr Puigdemont has successfully fought off efforts to extradite him from Belgium and Germany to stand trial for sedition over the attempt to break away from Spain. He remained in Italy only to fight the new attempt where he was joined by other independence leaders wanted by Madrid in a symbolic show of strength.

“It's time to say to Spain: 'Enough!',” Mr Puigdemont tweeted after he appeared in a court in Sardinia. “It is enough to follow a path that does not give any positive results and that hinders a political resolution of a political conflict.”

Mr Puigdemont headed Catalonia's regional government at the time of a vote on independence from Spain in 2017.

The Spanish courts said the vote was illegal and a heavy-handed police response to try to halt the vote sparked a political and constitutional crisis in Spain. The Catalan administration issued a short-lived declaration of independence before Mr Puigdemont, 58, fled to Brussels to avoid arrest.

He was elected to the European parliament in 2019. As a lawmaker, he had immunity from prosecution but was stripped of that right in March, setting up new clashes with Spain.

The latest hearing in Italy on Monday was to decide whether to extradite him to Spain to face sedition charges but no immediate decision was made and the separatist leader was cleared to travel. He said he plans to attend a European parliament session.

His lawyers say he should be free until European courts rule on their appeal against the European parliament’s decision to remove his immunity.

He was held on September 23 under a European Arrest Warrant issued by Spain after he flew into Sardinia for a Catalan folklore festival. He travelled at the invitation of the Italian island’s own independence movement.

The arrest came days after Prime Minister Pedro Sanchez started new talks with the Catalan authorities to try and resolve the continuing crisis.

Mr Puigdemont was detained for less than 24 hours with Monday’s court hearing the latest attempt to decide on the legality of the arrest warrant.

Nine other Catalan separatist leaders were jailed in 2019 but were pardoned in June.

Madrid still wants Mr Puigdemont and others, including former Scotland-based academic Clara Ponsati, to be returned to face justice. Ms Ponsati travelled to Sardinia in a show of support for Mr Puigdemont.

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Barcelona 5 (Lenglet 2', Vidal 29', Messi 34', 75', Suarez 77')

Valladolid 1 (Kiko 15')

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Director: Jon M Chu

Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater

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Siblings: five brothers and one sister

Education: Bachelors in Political Science at the University of Minnesota

Interests: Swimming, tennis and the gym

Favourite place: UAE

Favourite packet food on the trip: pasta primavera

What he did to pass the time during the trip: listen to audio books

Nayanthara: Beyond The Fairy Tale

Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni

Director: Amith Krishnan

Rating: 3.5/5

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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UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

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. 

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Barcelona 4 (Suarez 27', Vidal 32', Dembele 35', Messi 78')

Sevilla 0

Red cards: Ronald Araujo, Ousmane Dembele (Barcelona)

In numbers: China in Dubai

The number of Chinese people living in Dubai: An estimated 200,000

Number of Chinese people in International City: Almost 50,000

Daily visitors to Dragon Mart in 2018/19: 120,000

Daily visitors to Dragon Mart in 2010: 20,000

Percentage increase in visitors in eight years: 500 per cent

Updated: October 05, 2021, 8:58 AM