Lockerbie bomber Abdelbaset Al Megrahi was freed on compassionate grounds before his death in 2012. AFP
Lockerbie bomber Abdelbaset Al Megrahi was freed on compassionate grounds before his death in 2012. AFP
Lockerbie bomber Abdelbaset Al Megrahi was freed on compassionate grounds before his death in 2012. AFP
Lockerbie bomber Abdelbaset Al Megrahi was freed on compassionate grounds before his death in 2012. AFP

Lockerbie bomber's family to appeal conviction in UK's top court


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The family of a Libyan man found guilty of the 1988 Lockerbie plane bombing that killed 270 people will seek to appeal the conviction in Britain's top court after being refused permission by the Scottish Appeal Court, their lawyer said.

Abdelbaset Al Megrahi, an intelligence officer who died in 2012, was jailed for life in 2001 for the murder of 243 passengers, 16 crew and 11 residents of the Scottish town of Lockerbie in the deadliest attack in British history.

In January, the Court of Criminal Appeal in Scotland rejected an appeal brought by his family, who had argued that there had been a possible misconduct of justice. Their lawyer, Aamer Anwar, said on Thursday the same court had now refused permission for them to appeal that decision.

"I have now instructed our legal team to seek leave to appeal directly to the UK Supreme Court, which is the final court of appeal for my father's case," Al Megrahi's son Ali said.

"I regard my father, Abdelbaset Al Megrahi, as the 271st victim of Lockerbie."

Pan Am Flight 103 was blown up over Lockerbie in December 1988 en route from London to New York, carrying mostly Americans on their way home for Christmas.

Al Megrahi, who denied involvement in the attack, died in Libya in 2012 after being released three years earlier by the Scottish government on compassionate grounds due to prostate cancer.

Former leader Muammar Qaddafi accepted Libya's responsibility for the bombing in 2003 and paid compensation to families, but did not admit personally ordering it.

However, Al Megrahi's family and some relatives of the Scottish victims have always doubted his guilt and Libya's responsibility, and say the truth has yet to come out.

Lockerbie tragedy – in pictures

  • Police in Lockerbie, Scotland, survey the damage on the ground after the bombing of Pan Am Flight 103 from London to New York, in December 1988.
    Police in Lockerbie, Scotland, survey the damage on the ground after the bombing of Pan Am Flight 103 from London to New York, in December 1988.
  • A policeman walking away from the damaged cockpit of the plane that exploded and crashed over Lockerbie, Scotland, in 1988.
    A policeman walking away from the damaged cockpit of the plane that exploded and crashed over Lockerbie, Scotland, in 1988.
  • Ruined houses in the town of Lockerbie.
    Ruined houses in the town of Lockerbie.
  • Some of the destruction caused by Pan Am Flight 103 after it crashed on to the town of Lockerbie.
    Some of the destruction caused by Pan Am Flight 103 after it crashed on to the town of Lockerbie.
  • Police and investigators look at what remains of the nose of Pan Am 103 in 1988.
    Police and investigators look at what remains of the nose of Pan Am 103 in 1988.
  • Police officers examine the wreckage.
    Police officers examine the wreckage.
  • Devastation caused by the explosion over Lockerbie.
    Devastation caused by the explosion over Lockerbie.
  • Wrecked houses and a crater in the ground in the village of Lockerbie, Scotland, after the bombing of the Pan Am 103.
    Wrecked houses and a crater in the ground in the village of Lockerbie, Scotland, after the bombing of the Pan Am 103.
The specs: 2019 Mini Cooper

Price, base: Dh141,740 (three-door) / Dh165,900 (five-door)
Engine: 1.5-litre four-cylinder (Cooper) / 2.0-litre four-cylinder (Cooper S)
Power: 136hp @ 4,500rpm (Cooper) / 192hp @ 5,000rpm (Cooper S)
Torque: 220Nm @ 1,480rpm (Cooper) / 280Nm @ 1,350rpm (Cooper S)
Transmission: Seven-speed automatic
Fuel consumption, combined: 4.8L to 5.4L / 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.”

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The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

German intelligence warnings
  • 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
  • 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
  • 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250 

Source: Federal Office for the Protection of the Constitution

While you're here
MATCH INFO

Manchester United v Manchester City, Wednesday, 11pm (UAE)

Match is on BeIN Sports

Company%20Profile
%3Cp%3ECompany%20name%3A%20EduPloyment%3Cbr%3EDate%20started%3A%20March%202020%3Cbr%3ECo-Founders%3A%20Mazen%20Omair%20and%20Rana%20Batterjee%3Cbr%3EBase%3A%20Dubai%2C%20UAE%3Cbr%3ESector%3A%20Recruitment%3Cbr%3ESize%3A%2030%20employees%3Cbr%3EInvestment%20stage%3A%20Pre-Seed%3Cbr%3EInvestors%3A%20Angel%20investors%20(investment%20amount%20undisclosed)%3C%2Fp%3E%0A
Youth YouTuber Programme

The programme will be presented over two weeks and will cover the following topics:

- Learning, scripting, storytelling and basic shots

- Master on-camera presence and advanced script writing

- Beating the algorithm and reaching your core audience

Who has lived at The Bishops Avenue?
  • George Sainsbury of the supermarket dynasty, sugar magnate William Park Lyle and actress Dame Gracie Fields were residents in the 1930s when the street was only known as ‘Millionaires’ Row’.
  • Then came the international super rich, including the last king of Greece, Constantine II, the Sultan of Brunei and Indian steel magnate Lakshmi Mittal who was at one point ranked the third richest person in the world.
  • Turkish tycoon Halis Torprak sold his mansion for £50m in 2008 after spending just two days there. The House of Saud sold 10 properties on the road in 2013 for almost £80m.
  • Other residents have included Iraqi businessman Nemir Kirdar, singer Ariana Grande, holiday camp impresario Sir Billy Butlin, businessman Asil Nadir, Paul McCartney’s former wife Heather Mills. 
Hunting park to luxury living
  • Land was originally the Bishop of London's hunting park, hence the name
  • The road was laid out in the mid 19th Century, meandering through woodland and farmland
  • Its earliest houses at the turn of the 20th Century were substantial detached properties with extensive grounds

 

Expo details

Expo 2020 Dubai will be the first World Expo to be held in the Middle East, Africa and South Asia

The world fair will run for six months from October 20, 2020 to April 10, 2021.

It is expected to attract 25 million visits

Some 70 per cent visitors are projected to come from outside the UAE, the largest proportion of international visitors in the 167-year history of World Expos.

More than 30,000 volunteers are required for Expo 2020

The site covers a total of 4.38 sqkm, including a 2 sqkm gated area

It is located adjacent to Al Maktoum International Airport in Dubai South

COMPANY%20PROFILE
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Nepotism is the name of the game

Salman Khan’s father, Salim Khan, is one of Bollywood’s most legendary screenwriters. Through his partnership with co-writer Javed Akhtar, Salim is credited with having paved the path for the Indian film industry’s blockbuster format in the 1970s. Something his son now rules the roost of. More importantly, the Salim-Javed duo also created the persona of the “angry young man” for Bollywood megastar Amitabh Bachchan in the 1970s, reflecting the angst of the average Indian. In choosing to be the ordinary man’s “hero” as opposed to a thespian in new Bollywood, Salman Khan remains tightly linked to his father’s oeuvre. Thanks dad.