• Joseph Ratzinger as a schoolboy in Aschau am Inn in 1932. AFP
    Joseph Ratzinger as a schoolboy in Aschau am Inn in 1932. AFP
  • Joseph Ratzinger, 10, with classmates in Aschau am Inn, Bavaria, where he went to school from 1932 to 1937. AFP
    Joseph Ratzinger, 10, with classmates in Aschau am Inn, Bavaria, where he went to school from 1932 to 1937. AFP
  • Joseph Ratzinger as a German Air Force assistant in 1943. AFP
    Joseph Ratzinger as a German Air Force assistant in 1943. AFP
  • Ratzinger, right, and his brother Georg, left, after their ordination in 1951 with his sister Maria, his mother Maria and his father Josef. AFP
    Ratzinger, right, and his brother Georg, left, after their ordination in 1951 with his sister Maria, his mother Maria and his father Josef. AFP
  • Ratzinger during an open-air mass in 1952. AFP
    Ratzinger during an open-air mass in 1952. AFP
  • Joseph Ratzinger, a professor of theology, with Cologne's Cardinal Joseph Frings, who took him to the council at the Vatican as an adviser in the early 1960s. AFP
    Joseph Ratzinger, a professor of theology, with Cologne's Cardinal Joseph Frings, who took him to the council at the Vatican as an adviser in the early 1960s. AFP
  • Cardinal Joseph Ratzinger in 1977 in Vatican City. AFP
    Cardinal Joseph Ratzinger in 1977 in Vatican City. AFP
  • Cardinal Joseph Ratzinger with Mother Teresa at the 85th German Catholics Days in Freiburg in September 1978. AFP
    Cardinal Joseph Ratzinger with Mother Teresa at the 85th German Catholics Days in Freiburg in September 1978. AFP
  • Archbishop of Munich and Freising Josef Ratzinger, right, bids farewell to Munich to become Prefect for the Congregation for the Doctrine of the Faith at the Vatican. AFP
    Archbishop of Munich and Freising Josef Ratzinger, right, bids farewell to Munich to become Prefect for the Congregation for the Doctrine of the Faith at the Vatican. AFP
  • Cardinal Joseph Ratzinger in 1994 signing an autograph during the 1,240th anniversary of the city of Fulda, Germany. AFP
    Cardinal Joseph Ratzinger in 1994 signing an autograph during the 1,240th anniversary of the city of Fulda, Germany. AFP
  • Cardinal Ratzinger, centre, his brother Georg, the Kapellmeister of the Cathedral of Regensburg, and their sister Maria Ratzinger in Munich. AFP
    Cardinal Ratzinger, centre, his brother Georg, the Kapellmeister of the Cathedral of Regensburg, and their sister Maria Ratzinger in Munich. AFP
  • Cardinal Ratzinger, centre, arrives to lead the funeral mass for Pope John Paul II in St Peter's Square at the Vatican City in 2005. AFP
    Cardinal Ratzinger, centre, arrives to lead the funeral mass for Pope John Paul II in St Peter's Square at the Vatican City in 2005. AFP
  • Joseph Ratzinger, the new Pope Benedict XVI, after being elected the 265th pope of the Roman Catholic Church, April 19, 2005. AFP
    Joseph Ratzinger, the new Pope Benedict XVI, after being elected the 265th pope of the Roman Catholic Church, April 19, 2005. AFP
  • Pope Benedict XVI on the balcony of St Peter's Basilica in the Vatican after being elected by the conclave of cardinals. AFP
    Pope Benedict XVI on the balcony of St Peter's Basilica in the Vatican after being elected by the conclave of cardinals. AFP
  • Pope Benedict XVI at the traditional weekly general audience in St Peter's square at the Vatican, December 7, 2005. AFP
    Pope Benedict XVI at the traditional weekly general audience in St Peter's square at the Vatican, December 7, 2005. AFP
  • Pope Benedict XVI blesses the faithful in Saint Peter's Square at the Vatican, December 25, 2007. Reuters
    Pope Benedict XVI blesses the faithful in Saint Peter's Square at the Vatican, December 25, 2007. Reuters
  • Pope Benedict greets Abdul Aziz al-Ghurair, speaker of the Federal National Council of the United Arab Emirates, at the Vatican, October 22, 2008. Reuters
    Pope Benedict greets Abdul Aziz al-Ghurair, speaker of the Federal National Council of the United Arab Emirates, at the Vatican, October 22, 2008. Reuters
  • Pope Benedict is welcomed by Jordan's King Abdullah and his wife Queen Rania at Amman airport, May 8, 2009. Reuters
    Pope Benedict is welcomed by Jordan's King Abdullah and his wife Queen Rania at Amman airport, May 8, 2009. Reuters
  • Pope Benedict in front of the Dome of the Rock in Jerusalem's Old City, May 12, 2009. Reuters
    Pope Benedict in front of the Dome of the Rock in Jerusalem's Old City, May 12, 2009. Reuters
  • Pope Benedict and Kuwait's Emir Sheikh Sabah Al Ahmad Al Sabah during a private meeting at the Vatican, May 6, 2010. Reuters
    Pope Benedict and Kuwait's Emir Sheikh Sabah Al Ahmad Al Sabah during a private meeting at the Vatican, May 6, 2010. Reuters
  • Britain's Queen Elizabeth II and Prince Philip with the Pope at the Palace of Holyroodhouse in Edinburgh, September 16, 2010. Reuters
    Britain's Queen Elizabeth II and Prince Philip with the Pope at the Palace of Holyroodhouse in Edinburgh, September 16, 2010. Reuters
  • Pope Benedict arrives in Havana, Cuba, March 27, 2012. AFP
    Pope Benedict arrives in Havana, Cuba, March 27, 2012. AFP
  • Pope Benedict XVI arrives for a meeting with youths at Bkerke in Harissa, near Beirut, September 15, 2012. Reuters
    Pope Benedict XVI arrives for a meeting with youths at Bkerke in Harissa, near Beirut, September 15, 2012. Reuters
  • A mass held by Pope Benedict in Beirut, September 16, 2012. Reuters
    A mass held by Pope Benedict in Beirut, September 16, 2012. Reuters
  • On February 11, 2013, Pope Benedict announced that he would resign on February 28, the first pope in centuries to do so. AFP
    On February 11, 2013, Pope Benedict announced that he would resign on February 28, the first pope in centuries to do so. AFP
  • The former pope arrives for the canonisation ceremony of popes John XXIII and John Paul II at the Vatican, April 27, 2014. Reuters
    The former pope arrives for the canonisation ceremony of popes John XXIII and John Paul II at the Vatican, April 27, 2014. Reuters
  • Emeritus Pope Benedict, left, as Pope Francis arrives to lead a mass to create 20 new cardinals, February 14, 2015. Reuters
    Emeritus Pope Benedict, left, as Pope Francis arrives to lead a mass to create 20 new cardinals, February 14, 2015. Reuters
  • Pope Francis, left, with Benedict at the Vatican, June 28, 2017. AFP
    Pope Francis, left, with Benedict at the Vatican, June 28, 2017. AFP
  • Pope Emeritus Benedict XVI at Munich Airport before his departure to Rome, June 22, 2020. Reuters
    Pope Emeritus Benedict XVI at Munich Airport before his departure to Rome, June 22, 2020. Reuters

Pope Benedict XVI: Timeline of a Pontiff


Damien McElroy
  • English
  • Arabic

A close ally of the long-reigning Pope John Paul II, Benedict XVI was the first German pope in 1,000 years and, by retiring almost a decade before his death, Benedict bequeathed an unprecedented situation of two living bishops of Rome.

He was elected on April 19, 2005, after serving nearly 25 years as Cardinal Joseph Ratzinger, head of the Vatican's doctrinal office, the Congregation for the Doctrine of the Faith, the heart of the church's bureaucracy.

Despite his reputation as a steady force and safe pair of hands, the papacy was regularly caught up in controversies. For Benedict, this was a deeply arduous experience.

Benedict produced more than 60 books between 1963, when he was a priest, and 2013, when he resigned. “In reality I am more of a professor, a person who reflects and meditates on spiritual questions,” Benedict said after his resignation, which led to the election of Pope Francis in 2013.

Despite this, at an earlier stage of his career he was referred to as God's Rottweiler for his tough disciplinary decisions.

The first serious backlash during his time on the papal throne came in 2006, when he visited his Bavarian hometown, only to spark protests from the Muslim world with a speech quoting a derogatory comment about Islam from a 14th century Byzantine emperor.

After it became clear his lecture had antagonised Muslims, Benedict said he was “deeply sorry” about reaction to his speech, which he said was misunderstood.

Months later, he undertook a papal trip to Turkey and prayed with Istanbul’s grand mufti facing Makkah at the city’s Sultan Ahmet mosque.

In 2008, Benedict changed a Latin prayer for Good Friday services by traditionalist Catholics, deleting a reference to Jews and their “blindness” but still calling for them to accept Jesus.

The following year, he angered Jews by rehabilitating a Holocaust denier as he lifted the excommunication of four ultra-traditionalist bishops.

It was the long litany of sexual abuses by the clerics that bore down on his papacy. In Benedict's defence, he set up a more rigourous process than allowed by his predecessor.

He disciplined the late Father Marcial Maciel, founder of the Catholic order the Legionaries of Christ and one of the Church's most notorious predators. The Vatican under John Paul II had failed to take action against Maciel despite evidence of his crimes.

A prayer bench featuring a photo of Pope Emeritus Benedict XVI at St Oswald Church in Marktl, Bavaria, southern Germany, home town of the late pontiff. AFP
A prayer bench featuring a photo of Pope Emeritus Benedict XVI at St Oswald Church in Marktl, Bavaria, southern Germany, home town of the late pontiff. AFP

The anger over the legacy of abuse spilt over in countries that were bastions of the faith. In 2011, the Vatican recalled its ambassador to the Republic of Ireland following a rebuke of the Holy See by the Irish Parliament following a report that accused church authorities of covering up sexual abuse.

Throughout 2012, Benedict's papacy was shaken by a scandal referred to as Vatileaks, in which leaked documents show infighting among Benedict's aides and general dysfunction at the heart of the Curia, the church's central administration.

In February 2013, Benedict announced his resignation, saying he no longer had the physical and mental strength to run the church. He later moved to a former convent inside the Vatican gardens, with his secretary, Archbishop Georg Ganswein.

As an uncompromising theological conservative and choosing to continue to wear papal white, Benedict became something of a rallying point for traditionists.

Pope Francis, a Jesuit imbued with the social justice and folk traditions of the Latin American church, cut a very different figure and his opponents rallied to an idealised image of his predecessor.

Company profile

Name: Thndr

Started: October 2020

Founders: Ahmad Hammouda and Seif Amr

Based: Cairo, Egypt

Sector: FinTech

Initial investment: pre-seed of $800,000

Funding stage: series A; $20 million

Investors: Tiger Global, Beco Capital, Prosus Ventures, Y Combinator, Global Ventures, Abdul Latif Jameel, Endure Capital, 4DX Ventures, Plus VC,  Rabacap and MSA Capital

The biog

Favourite hobby: taking his rescue dog, Sally, for long walks.

Favourite book: anything by Stephen King, although he said the films rarely match the quality of the books

Favourite film: The Shawshank Redemption stands out as his favourite movie, a classic King novella

Favourite music: “I have a wide and varied music taste, so it would be unfair to pick a single song from blues to rock as a favourite"

NO OTHER LAND

Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal

Stars: Basel Adra, Yuval Abraham

Rating: 3.5/5

Electric scooters: some rules to remember
  • Riders must be 14-years-old or over
  • Wear a protective helmet
  • Park the electric scooter in designated parking lots (if any)
  • Do not leave electric scooter in locations that obstruct traffic or pedestrians
  • Solo riders only, no passengers allowed
  • Do not drive outside designated lanes
57%20Seconds
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MOUNTAINHEAD REVIEW

Starring: Ramy Youssef, Steve Carell, Jason Schwartzman

Director: Jesse Armstrong

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.”

UAE currency: the story behind the money in your pockets
Company%C2%A0profile
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Dust and sand storms compared

Sand storm

  • Particle size: Larger, heavier sand grains
  • Visibility: Often dramatic with thick "walls" of sand
  • Duration: Short-lived, typically localised
  • Travel distance: Limited 
  • Source: Open desert areas with strong winds

Dust storm

  • Particle size: Much finer, lightweight particles
  • Visibility: Hazy skies but less intense
  • Duration: Can linger for days
  • Travel distance: Long-range, up to thousands of kilometres
  • Source: Can be carried from distant regions
COMPANY%20PROFILE
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Harry%20%26%20Meghan
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Our legal consultants

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

First Person
Richard Flanagan
Chatto & Windus 

'Avengers: Infinity War'
Dir: The Russo Brothers
Starring: Chris Evans, Chris Pratt, Tom Holland, Robert Downey Junior, Scarlett Johansson, Elizabeth Olsen
Four stars

Updated: December 31, 2022, 10:34 AM