Belgian policemen and soldiers are seen at the scene where a man attacked two soldiers with a knife in Brussels, Belgium August 25, 2017 in this picture obtained from social media. Picture taken August 25, 2017. Thomas Da Silva Rosa /via REUTERS   THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. MANDATORY CREDIT.
Belgian policemen and soldiers are seen at the scene where a man attacked two soldiers with a knife in Brussels, Belgium on August 25, 2017 in this picture obtained from social media. Thomas Da Silva Show more

Europe on alert after knife attacks in London and Brussels



European capitals remained on edge over the weekend after two attacks in London and Brussels on Friday night saw a terrorist shot dead, and three policemen and a soldier wounded across the two capitals.

Both incidents involved knifemen targeting security forces in highly visible locations; the London attack took place outside Buckingham Palace, Queen Elizabeth II’s residence in London and a major tourist attraction, while the Belgium attack was near the Grand Palace in central Brussels.

Intelligence figures in Britain suggested that the attack was not against the royal family but instead against the unarmed police guarding the outside of the building.

Peter Kirkham, a former Metropolitan Police chief, told Sky News on Saturday that it appeared that the officers outside were seen as softer targets. While police within the footprint of the palace and its grounds are routinely armed, those outside are provided by the local force and are only armed with CS gas and tasers.

The 26-year-old attacker, who was initially detained on suspicion of causing grievous bodily harm and assaulting police, was later arrested under the Terrorism Act 2000.

Upon being challenged by officers, the man reached for what police described as a four-foot sword which was in the front passenger foot well. "The man, who repeatedly shouted Allahu akbar, was incapacitated with CS spray," police said on Saturday

The assailant deliberately drove his car towards a police vehicle in a restricted area outside the world-famous palace at around 8.35pm local time. Three unarmed officers were injured during the course of detaining the man, two of them requiring hospital treatment.

Originally from Luton, a city 50km north of London which has been described as a “hotbed” of extremism and been linked to previous terror attacks, the assailant was then taken to a London hospital for treatment of minor injuries before being taken to a central London police station for questioning.

"Officers from the Counter Terrorism command are now investigating and searched are being carried out in the Luton area today," Dean Haydon, the police head of counter-terrorism, said. "We believe the man was acting alone and we are not looking for other suspects at this stage."

The queen was at Balmoral, her residence in Scotland at the time.

A couple of hours before London was hit, Brussels was struck by a similar attack at 8pm local time. Belgian prosecutors said the attacker there had also yelled “Allahu akbar” during the assault before being shot by a soldier in the centre of city, which has been on high alert since the carnage inflicted on Brussels when the airport and the metro system were attacked, killing dozens.

One of the soldiers was "slightly" wounded in the attack which mayor Philippe Close said was perpetrated by a "lone individual".

The two incidents come as much of Europe is on high alert following a string of major attacks over the past two years — most of which have been claimed by, or blamed on, jihadists.

Last week, Spain was hit by twin vehicle attacks which left 15 dead, and another two people were killed in a stabbing spree in Finland, with the violence carried out by radicalised youngsters.

With much of Europe on a state of high alert over recent attacks, many of them ‘low-tech’ assaults using knives or vehicles as weapons, thousands of people were expected to take to the streets of Barcelona on Saturday evening in a defiant march under the slogan “No tinc por” -Catalan for “not afraid”.

Overnight, police raided the suspect's home in Bruges, northwest Belgium, with federal prosecutors opening an investigation into "attempted terrorist murder", a statement said. During the attack, the man rushed at several soldiers from behind and struck them with a knife, prompting one of them to open fire.

“The man was hit and died shortly afterwards in hospital from his wounds,” the prosecutors’ statement said. As well as the knife, police found a replica gun and two copies of the Koran on him.

The assailant was a Belgian national of Somali origin who was born in 1987, authorities confirmed. He arrived in the country in 2004 and was granted Belgian nationality in 2015.

Although not known for any terror-related activities, he had an assault and battery charge on his record from February, the statement said.

The attack happened on a boulevard near the Grand Place central square, one of the ‘sensitive’ areas of the capital where armed soldiers are on patrol because of the terror threat.

"I heard yelling and straight away two shots," said one witness,Yohan.

As he approached, he said he saw "a soldier bleeding from his hand and a man on the ground," who had a beard and was wearing a hood.

Soldiers have been deployed at railway stations and landmark buildings in the Belgian capital since the November 2015 attacks on Paris when investigators found the assailants had a clear link Brussels.

Their presence has been reinforced since suicide bombers struck Zavantem Airport and Maalbeek metro station in March 2016, killing 32 people and wounding hundreds more.

The carnage in Paris, which left 130 people dead and hundreds more wounded, was claimed by ISIL, which also said it was behind the bombings in Brussels.

In June, a man who tried to bomb a Brussels Central train station was shot dead by a soldier.

No one was injured but officials said the consequences could have been severe if the bomb, which was packed nails and gas canisters, had detonated.

In Britain, 35 people have been killed in three attacks in London and Manchester since March.

Two of those involved a vehicle ploughing into pedestrians.

The other attack was a bombing in May at the end of a pop concert by US star Ariana Grande in Manchester which killed 22 people, a third of them children.

Visa changes give families fresh hope

Foreign workers can sponsor family members based solely on their income

Male residents employed in the UAE can sponsor immediate family members, such as wife and children, subject to conditions that include a minimum salary of Dh 4,000 or Dh 3,000 plus accommodation.

Attested original marriage certificate, birth certificate of the child, ejari or rental contract, labour contract, salary certificate must be submitted to the government authorised typing centre to complete the sponsorship process

In Abu Dhabi, a woman can sponsor her husband and children if she holds a residence permit stating she is an engineer, teacher, doctor, nurse or any profession related to the medical sector and her monthly salary is at least Dh 10,000 or Dh 8,000 plus accommodation.

In Dubai, if a woman is not employed in the above categories she can get approval to sponsor her family if her monthly salary is more than Dh 10,000 and with a special permission from the Department of Naturalization and Residency Dubai.

To sponsor parents, a worker should earn Dh20,000 or Dh19,000 a month, plus a two-bedroom accommodation

 

 

 

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.”

Kill

Director: Nikhil Nagesh Bhat

Starring: Lakshya, Tanya Maniktala, Ashish Vidyarthi, Harsh Chhaya, Raghav Juyal

Rating: 4.5/5

EMIRATES'S REVISED A350 DEPLOYMENT SCHEDULE

Edinburgh: November 4 (unchanged)

Bahrain: November 15 (from September 15); second daily service from January 1

Kuwait: November 15 (from September 16)

Mumbai: January 1 (from October 27)

Ahmedabad: January 1 (from October 27)

Colombo: January 2 (from January 1)

Muscat: March 1 (from December 1)

Lyon: March 1 (from December 1)

Bologna: March 1 (from December 1)

Source: Emirates

SPECS

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

On sale: Now

COMPANY PROFILE

Company name: Almouneer
Started: 2017
Founders: Dr Noha Khater and Rania Kadry
Based: Egypt
Number of staff: 120
Investment: Bootstrapped, with support from Insead and Egyptian government, seed round of
$3.6 million led by Global Ventures

Sui Dhaaga: Made in India

Director: Sharat Katariya

Starring: Varun Dhawan, Anushka Sharma, Raghubir Yadav

3.5/5

Godzilla x Kong: The New Empire

Director: Adam Wingard

Starring: Brian Tyree Henry, Rebecca Hall, Dan Stevens

Rating: 4/5

Match info

Liverpool 4
Salah (19'), Mane (45+2', 53'), Sturridge (87')

West Ham United 0

A QUIET PLACE

Starring: Lupita Nyong'o, Joseph Quinn, Djimon Hounsou

Director: Michael Sarnoski

Rating: 4/5

MEDIEVIL (1998)

Developer: SCE Studio Cambridge
Publisher: Sony Computer Entertainment
Console: PlayStation, PlayStation 4 and 5
Rating: 3.5/5

Know before you go
  • Jebel Akhdar is a two-hour drive from Muscat airport or a six-hour drive from Dubai. It’s impossible to visit by car unless you have a 4x4. Phone ahead to the hotel to arrange a transfer.
  • If you’re driving, make sure your insurance covers Oman.
  • By air: Budget airlines Air Arabia, Flydubai and SalamAir offer direct routes to Muscat from the UAE.
  • Tourists from the Emirates (UAE nationals not included) must apply for an Omani visa online before arrival at evisa.rop.gov.om. The process typically takes several days.
  • Flash floods are probable due to the terrain and a lack of drainage. Always check the weather before venturing into any canyons or other remote areas and identify a plan of escape that includes high ground, shelter and parking where your car won’t be overtaken by sudden downpours.

 

Company Profile

Name: Takestep
Started: March 2018
Founders: Mohamed Khashaba, Mohamed Abdallah, Mohamed Adel Wafiq and Ayman Taha
Based: Cairo, Egypt
Sector: health technology
Employees: 11 full time and 22 part time
Investment stage: pre-Series A

How to come clean about financial infidelity
  • Be honest and transparent: It is always better to own up than be found out. Tell your partner everything they want to know. Show remorse. Inform them of the extent of the situation so they know what they are dealing with.
  • Work on yourself: Be honest with yourself and your partner and figure out why you did it. Don’t be ashamed to ask for professional help. 
  • Give it time: Like any breach of trust, it requires time to rebuild. So be consistent, communicate often and be patient with your partner and yourself.
  • Discuss your financial situation regularly: Ensure your spouse is involved in financial matters and decisions. Your ability to consistently follow through with what you say you are going to do when it comes to money can make all the difference in your partner’s willingness to trust you again.
  • Work on a plan to resolve the problem together: If there is a lot of debt, for example, create a budget and financial plan together and ensure your partner is fully informed, involved and supported. 

Carol Glynn, founder of Conscious Finance Coaching

TWISTERS

Director:+Lee+Isaac+Chung

Starring:+Glen+Powell,+Daisy+Edgar-Jones,+Anthony+Ramos

Rating:+2.5/5

Company Profile

Name: Direct Debit System
Started: Sept 2017
Based: UAE with a subsidiary in the UK
Industry: FinTech
Funding: Undisclosed
Investors: Elaine Jones
Number of employees: 8

SPECS

Engine: Two-litre four-cylinder turbo
Power: 235hp
Torque: 350Nm
Transmission: Nine-speed automatic
Price: From Dh167,500 ($45,000)
On sale: Now

'Spies in Disguise'

Director: Nick Bruno and Troy Quane

Stars: Will Smith, Tom Holland, Karen Gillan and Roshida Jones 

Rating: 4 out of 5 stars

MATCH INFO

Uefa Champions League semi-final, second leg result:

Ajax 2-3 Tottenham

Tottenham advance on away goals rule after tie ends 3-3 on aggregate

Final: June 1, Madrid

Company profile

Name: Maly Tech
Started: 2023
Founder: Mo Ibrahim
Based: Dubai International Financial Centre
Sector: FinTech
Funds raised: $1.6 million
Current number of staff: 15
Investment stage: Pre-seed, planning first seed round
Investors: GCC-based angel investors

THE BIO

Ms Davison came to Dubai from Kerala after her marriage in 1996 when she was 21-years-old

Since 2001, Ms Davison has worked at many affordable schools such as Our Own English High School in Sharjah, and The Apple International School and Amled School in Dubai

Favourite Book: The Alchemist

Favourite quote: Failing to prepare is preparing to fail

Favourite place to Travel to: Vienna

Favourite cuisine: Italian food

Favourite Movie : Scent of a Woman

 

 


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