An image taken from video released by Azerbaijan's Defence Ministry shows artillery fire during fighting with forces of the self-proclaimed Republic of Nagorno-Karabakh. via AP
An image taken from video released by Azerbaijan's Defence Ministry shows artillery fire during fighting with forces of the self-proclaimed Republic of Nagorno-Karabakh. via AP
An image taken from video released by Azerbaijan's Defence Ministry shows artillery fire during fighting with forces of the self-proclaimed Republic of Nagorno-Karabakh. via AP
An image taken from video released by Azerbaijan's Defence Ministry shows artillery fire during fighting with forces of the self-proclaimed Republic of Nagorno-Karabakh. via AP

Mike Pompeo to meet Armenia and Azerbaijan ministers over Nagorno-Karabakh fighting


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US Secretary of State Mike Pompeo is scheduled to meet the foreign ministers of Azerbaijan and Armenia in Washington on Friday in a new attempt to end nearly a month of bloodshed in which Russian President Vladimir Putin said more than 4,000 people may have been killed.

The collapse of two Russia-brokered ceasefires has dimmed hopes of a quick end to fighting that broke out on September 27 over Nagorno-Karabakh, a breakaway territory which is within Azerbaijan but is controlled by ethnic Armenians.

World powers want to prevent the fighting sparking a wider war that draws in Turkey and Russia, and are concerned about the security of pipelines in Azerbaijan that carry Azeri gas and oil through the South Caucasus to world markets.

Azerbaijan's defence ministry reported fighting in several areas on Friday, including territories close to the line of contact that divides the sides. Armenia's defence ministry also reported fighting in several areas and said the town of Martuni in Nagorno-Karabakh was shelled again during the night.

Mr Pompeo is scheduled talks with Azeri Foreign Minister Jeyhun Bayramov at the State Department at 9.30am before meeting the Armenian Foreign Minister Zohrab Mnatsakanyan an hour later. It is not clear whether the two former Soviet republics' ministers will meet directly.

"I very much hope that our American partners will act in unison with us and will help the settlement," Russian President Vladimir Putin said on Thursday. He said he spoke to leaders of Armenia and Azerbaijan several times a day by phone.

Mr Putin said Moscow believed more than 2,000 people had been killed on each side during the recent flare-up. The confirmed toll on both sides is just under 1,000 including civilians, although the number would be higher because Azerbaijan does not report military casualties.

Mr Pompeo said this week he hoped a diplomatic solution and the "right path forward" could be found as the United States, France and Russia press on with mediation efforts they have led for decades.

Armenian Prime Minister Nikol Pashinyan has said he can see no diplomatic resolution of the long-running conflict at this stage.

Azeri President Ilham Aliyev says the prospects of reaching a peace settlement are "very remote", and demanded promises that Azerbaijan will be handed back control of Nagorno-Karabakh.

Armenians regard Nagorno-Karabakh as part of their historic homeland and accuse Azerbaijan of making a land grab in the recent fighting. The decades-old conflict led to a 1991-94 war in which about 30,000 people were killed and Azerbaijan’s troops were pushed out.

Azeri forces have been bolstered by weapons bought from Turkey, as well as Syrian fighters from Turkish-allied rebel groups. Turkey has said it would send soldiers and provide military support for Azerbaijan if such a request were made by its ally.

Mr Pompeo last week accused Turkey of inflaming the situation with its military support for Azerbaijan.

Mr Putin said Russia, which has a defence pact with Armenia, disagreed with Turkey on Nagorno-Karabakh, but both countries needed to find a compromise.

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Based: Bangalore, India

Sector: Health & wellness

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The years Ramadan fell in May

1987

1954

1921

1888

SUNDAY'S ABU DHABI T10 MATCHES

Northern Warriors v Team Abu Dhabi, 3.30pm
Bangla Tigers v Karnataka Tuskers, 5.45pm
Qalandars v Maratha Arabians, 8pm

Three ways to limit your social media use

Clinical psychologist, Dr Saliha Afridi at The Lighthouse Arabia suggests three easy things you can do every day to cut back on the time you spend online.

1. Put the social media app in a folder on the second or third screen of your phone so it has to remain a conscious decision to open, rather than something your fingers gravitate towards without consideration.

2. Schedule a time to use social media instead of consistently throughout the day. I recommend setting aside certain times of the day or week when you upload pictures or share information. 

3. Take a mental snapshot rather than a photo on your phone. Instead of sharing it with your social world, try to absorb the moment, connect with your feeling, experience the moment with all five of your senses. You will have a memory of that moment more vividly and for far longer than if you take a picture of it.

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Price, base / as tested Dh960,000
Engine 3.9L twin-turbo V8 
Transmission Seven-speed dual-clutch automatic
Power 661hp @8,000rpm
Torque 760Nm @ 3,000rpm
Fuel economy, combined 11.4L / 100k

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Name: Hassan Mohsen Elhais

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

World Test Championship table

1 India 71 per cent

2 New Zealand 70 per cent

3 Australia 69.2 per cent

4 England 64.1 per cent

5 Pakistan 43.3 per cent

6 West Indies 33.3 per cent

7 South Africa 30 per cent

8 Sri Lanka 16.7 per cent

9 Bangladesh 0

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.”

THE BIO: Mohammed Ashiq Ali

Proudest achievement: “I came to a new country and started this shop”

Favourite TV programme: the news

Favourite place in Dubai: Al Fahidi. “They started the metro in 2009 and I didn’t take it yet.”

Family: six sons in Dubai and a daughter in Faisalabad

 

First Person
Richard Flanagan
Chatto & Windus 

Tightening the screw on rogue recruiters

The UAE overhauled the procedure to recruit housemaids and domestic workers with a law in 2017 to protect low-income labour from being exploited.

 Only recruitment companies authorised by the government are permitted as part of Tadbeer, a network of labour ministry-regulated centres.

A contract must be drawn up for domestic workers, the wages and job offer clearly stating the nature of work.

The contract stating the wages, work entailed and accommodation must be sent to the employee in their home country before they depart for the UAE.

The contract will be signed by the employer and employee when the domestic worker arrives in the UAE.

Only recruitment agencies registered with the ministry can undertake recruitment and employment applications for domestic workers.

Penalties for illegal recruitment in the UAE include fines of up to Dh100,000 and imprisonment

But agents not authorised by the government sidestep the law by illegally getting women into the country on visit visas.

The specs: Lamborghini Aventador SVJ

Price, base: Dh1,731,672

Engine: 6.5-litre V12

Gearbox: Seven-speed automatic

Power: 770hp @ 8,500rpm

Torque: 720Nm @ 6,750rpm

Fuel economy: 19.6L / 100km

UAE currency: the story behind the money in your pockets
Tips for job-seekers
  • Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
  • Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.

David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East

The specs

Engine: 4.0-litre V8 twin-turbocharged and three electric motors

Power: Combined output 920hp

Torque: 730Nm at 4,000-7,000rpm

Transmission: 8-speed dual-clutch automatic

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On sale: Now, deliveries expected later in 2025

Price: expected to start at Dh1,432,000

SCHEDULE

Thursday, December 6
08.00-15.00 Technical scrutineering
15.00-17.00 Extra free practice

Friday, December 7
09.10-09.30 F4 free practice
09.40-10.00 F4 time trials
10.15-11.15 F1 free practice
14.00 F4 race 1
15.30 BRM F1 qualifying

Saturday, December 8
09.10-09.30 F4 free practice
09.40-10.00 F4 time trials
10.15-11.15 F1 free practice
14.00 F4 race 2
15.30 Grand Prix of Abu Dhabi

How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less

Fighting with My Family

Director: Stephen Merchant 

Stars: Dwayne Johnson, Nick Frost, Lena Headey, Florence Pugh, Thomas Whilley, Tori Ellen Ross, Jack Lowden, Olivia Bernstone, Elroy Powell        

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