Four men accused of being members of an Islamist cell behind a van attack that killed 13 people in Barcelona last week appeared in court on Tuesday, a day after the alleged driver was shot dead by police.
The four, the only ones still alive among the 12 men thought to constitute the group, were brought from Barcelona to Madrid and arrived at the High Court, which deals with terrorism cases, in a convoy of police vehicles with sirens wailing.
Police on Monday shot dead 22-year-old Younes Abouyaaqoub, who they had identified as the driver of the van that careered along the packed Las Ramblas boulevard in Barcelona on Thursday, leaving a trail of 13 dead and 120 injured from 34 countries.
After the attack, Abouyaaqoub escaped on foot and then hijacked a car, stabbing its owner to death.
Spanish newspaper La Vanguardia said on Tuesday he walked some 40km from Sant Just Desvern, a town on the outskirts of Barcelona where he ditched the hijacked car, to Subirats, where he was shot dead.
Abouyaaqoub, who had changed clothes, walked by night and hid during the day, according to sources involved in the investigation. Carlos Mundo, the top justice official in the Catalan government, said police were investigating whether Abouyaaqoub had any support while on the run. "It is clear that he must have had some form of logistics," he said.
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Read more: Four Spain attacks suspects to go before judge, eight others killed
Barcelona terror suspect shot dead
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ISIL claimed responsibility for the van attack and a separate deadly assault, hours later, in the coastal resort of Cambrils, south of Barcelona.
In Cambrils, a car rammed into passers-by and its occupants got out and tried to stab people. The five assailants, who were wearing what turned out to be fake explosive belts, were shot dead by police, while a Spanish woman died in the attack.
Most of the 12 suspects lived in the town of Ripoll, set in forested hills beneath the Pyrenees north of Barcelona near the French border, and most were young men of Moroccan descent.
One of those who appeared before investigating magistrate Fernando Andreu was Driss Oukabir, whose passport was found in the abandoned van after the Barcelona attack. He turned himself in to police, protesting his innocence and saying his younger brother Moussa Oukabir, 17, who was killed in Cambrils, had stolen his documents.
Also in court was Mohammed Aalla, owner of the Audi car used in the Cambrils attack. One of his brothers, Said, was killed in Cambrils and a second, Youssef, is believed by police to have died in an explosion at a house used by the plotters at Alcanar, southwest of Barcelona, the day before the Barcelona attack.
Mohamed Houli Chemlal, arrested after being hurt in the blast at Alcanar, also appeared in court as did Salah el Karib, who ran an internet cafe in Ripoll that, according to La Vanguardia newspaper, was used to send money to Morocco.
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Read more: Spotlight on Catalonia's independence vote as Spain grapples with terrorist attacks
One dead after van driven into two bus stops in Marseilles
At Tuesday's closed-door hearing, the probable charges that Mr Andreu was expected to read out against the men included counts of terrorism, murder and weapons possession. Mr Andreu was then to ask the accused if they wish to testify, in which case he would question them. The hearing was likely to end in the suspects being remanded in custody while the judge conducts an investigation that could take months or even years before a trial is organised.
Abdelbake Es Satty, an imam from Ripoll who police suspect may have radicalised the young men, is believed to have died in the explosion in Alcanar. Police believe the blast foiled the group's plans for a much bigger attack using explosives.
Catalan police said on Monday that, while all 12 of the suspects they were looking for were accounted for, an investigation into whether the cell had international links would go on.
French Interior Minister Gerard Collomb on Tuesday confirmed press reports that the Audi used in the Cambrils attack had been caught on camera speeding in the Paris area about a week earlier. but it was not yet known why it was there.
Mr Collomb said French authorities were unaware of the existence of the Catalan cell, describing it as "exclusively Spanish". The Spanish police have sought information from Belgian authorities on a visit the imam, Es Satty, made there last year.
In little more than a year, Islamist militants have used vehicles as weapons to kill nearly 130 people in France, Germany, Britain, Sweden and Spain.
UAE currency: the story behind the money in your pockets
Liverpool's all-time goalscorers
Ian Rush 346
Roger Hunt 285
Mohamed Salah 250
Gordon Hodgson 241
Billy Liddell 228
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Wicked: For Good
Director: Jon M Chu
Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater
Rating: 4/5
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What vitamins do we know are beneficial for living in the UAE
Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.
Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.
Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.
Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.
Sleep Well Beast
The National
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Racecard
7pm: Abu Dhabi - Conditions (PA) Dh 80,000 (Dirt) 1,600m
7.30pm: Dubai - Maiden (TB) Dh82,500 (D) 1,400m
8pm: Sharjah - Maiden (TB) Dh82,500 (D) 1,600m
8.30pm: Ajman - Handicap (TB) Dh82,500 (D) 2,200m
9pm: Umm Al Quwain - The Entisar - Listed (TB) Dh132,500 (D) 2,000m
9.30pm: Ras Al Khaimah - Rated Conditions (TB) Dh95,000 (D) 1,600m
10pm: Fujairah - Handicap (TB) Dh87,500 (D) 1,200m
UAE-based players
Goodlands Riders: Jamshaid Butt, Ali Abid, JD Mahesh, Vibhor Shahi, Faizan Asif, Nadeem Rahim
Rose Hill Warriors: Faraz Sheikh, Ashok Kumar, Thabreez Ali, Janaka Chathuranga, Muzammil Afridi, Ameer Hamza
Company profile
Name: Dukkantek
Started: January 2021
Founders: Sanad Yaghi, Ali Al Sayegh and Shadi Joulani
Based: UAE
Number of employees: 140
Sector: B2B Vertical SaaS(software as a service)
Investment: $5.2 million
Funding stage: Seed round
Investors: Global Founders Capital, Colle Capital Partners, Wamda Capital, Plug and Play, Comma Capital, Nowais Capital, Annex Investments and AMK Investment Office
UAE currency: the story behind the money in your pockets
The specs
Engine: 2.0-litre 4-cyl turbo
Power: 201hp at 5,200rpm
Torque: 320Nm at 1,750-4,000rpm
Transmission: 6-speed auto
Fuel consumption: 8.7L/100km
Price: Dh133,900
On sale: now
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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Last-16 Europa League fixtures
Wednesday (Kick-offs UAE)
FC Copenhagen (0) v Istanbul Basaksehir (1) 8.55pm
Shakhtar Donetsk (2) v Wolfsburg (1) 8.55pm
Inter Milan v Getafe (one leg only) 11pm
Manchester United (5) v LASK (0) 11pm
Thursday
Bayer Leverkusen (3) v Rangers (1) 8.55pm
Sevilla v Roma (one leg only) 8.55pm
FC Basel (3) v Eintracht Frankfurt (0) 11pm
Wolves (1) Olympiakos (1) 11pm
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Scorline
Iraq 1-0 UAE
Iraq Hussein 28’
Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5
The specs: 2019 BMW X4
Price, base / as tested: Dh276,675 / Dh346,800
Engine: 3.0-litre turbocharged in-line six-cylinder
Transmission: Eight-speed automatic
Power: 354hp @ 5,500rpm
Torque: 500Nm @ 1,550rpm
Fuel economy, combined: 9.0L / 100km
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.”
Read more from Aya Iskandarani