Stella Assange poses before a demonstration in support of her husband in Brussels on Saturday. AFP
Stella Assange poses before a demonstration in support of her husband in Brussels on Saturday. AFP
Stella Assange poses before a demonstration in support of her husband in Brussels on Saturday. AFP
Stella Assange poses before a demonstration in support of her husband in Brussels on Saturday. AFP

Julian Assange wife urges UK to block US extradition


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Julian Assange's wife urged the British government on Saturday not to sign his extradition order to the US, saying his fate will have repercussions throughout Europe.

A UK court on Wednesday issued a formal order to extradite the WikiLeaks founder to face trial in the US over the publication of secret files relating to the Iraq and Afghanistan wars.

The final decision now rests with interior minister Priti Patel, although Assange could yet appeal.

"This is a political case, it has always been a political case," Stella Assange told AFP on the margins of a demonstration in support of her husband in Brussels.

"The trick that has been played by the various governments - the UK Government, the Australian Government, the US government - is to say it's before the courts."

"Now that the UK courts have issued the extradition order, there is no excuse. It is squarely in the political domain."

The ruling on Wednesday by a magistrate in central London brought the long-running legal saga in the UK courts closer to a conclusion.

But Mr Assange's lawyers have until May 18 to make representations to Ms Patel and could potentially launch further appeals on other points in the case.

The case has become a cause celebre for media freedom, with Julian Assange's supporters accusing Washington of trying to muzzle reporting of legitimate security concerns.

Washington wants to put him on trial in connection with the publication of 500,000 secret military files relating to the US-led wars in Iraq and Afghanistan.

Stella Assange said the grounds to appeal against extradition in the United Kingdom are very narrow," with the treaty "heavily tilted in favour of the United States".

The matters being raised "go to the heart of what it means to have a free and open society of having a free press", she said, and raised the possibility of taking the matter to the European Court of Human Rights if necessary.

"It is the soul of European values - of democratic values - that is at stake."

"Julian has been in Belmarsh prison now for three years. He is in an increasingly weakened state of health. He had a mini-stroke in October."

The British government "is condemning war crimes in Ukraine, but it is going to show whether it is prepared to extradite a journalist for having exposed war crimes", she said.

 

Company: Instabug

Founded: 2013

Based: Egypt, Cairo

Sector: IT

Employees: 100

Stage: Series A

Investors: Flat6Labs, Accel, Y Combinator and angel investors

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Ziina users can donate to relief efforts in Beirut

Ziina users will be able to use the app to help relief efforts in Beirut, which has been left reeling after an August blast caused an estimated $15 billion in damage and left thousands homeless. Ziina has partnered with the United Nations High Commissioner for Refugees to raise money for the Lebanese capital, co-founder Faisal Toukan says. “As of October 1, the UNHCR has the first certified badge on Ziina and is automatically part of user's top friends' list during this campaign. Users can now donate any amount to the Beirut relief with two clicks. The money raised will go towards rebuilding houses for the families that were impacted by the explosion.”

ENGLAND SQUAD

For first two Test in India Joe Root (captain), Jofra Archer, Moeen Ali, James Anderson , Dom Bess, Stuart Broad , Rory Burns, Jos Buttler, Zak Crawley, Ben Foakes, Dan Lawrence, Jack Leach, Dom Sibley, Ben Stokes, Olly Stone, Chris Woakes. Reserves James Bracey, Mason Crane, Saqib Mahmood, Matthew Parkinson, Ollie Robinson, Amar Virdi.

Company%20profile
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Previous men's records
  • 2:01:39: Eliud Kipchoge (KEN) on 16/9/19 in Berlin
  • 2:02:57: Dennis Kimetto (KEN) on 28/09/2014 in Berlin
  • 2:03:23: Wilson Kipsang (KEN) on 29/09/2013 in Berlin
  • 2:03:38: Patrick Makau (KEN) on 25/09/2011 in Berlin
  • 2:03:59: Haile Gebreselassie (ETH) on 28/09/2008 in Berlin
  • 2:04:26: Haile Gebreselassie (ETH) on 30/09/2007 in Berlin
  • 2:04:55: Paul Tergat (KEN) on 28/09/2003 in Berlin
  • 2:05:38: Khalid Khannouchi (USA) 14/04/2002 in London
  • 2:05:42: Khalid Khannouchi (USA) 24/10/1999 in Chicago
  • 2:06:05: Ronaldo da Costa (BRA) 20/09/1998 in Berlin
David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

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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Director: Romany Saad
Starring: Mirfat Amin, Boumi Fouad and Tariq Al Ibyari

Updated: June 20, 2023, 12:42 PM