Yellow Vest (Gilets Jaunes) protesters rally in Lyon on February 9, 2019 as they take to the streets for the 13th consecutive Saturday. AFP
Yellow Vest (Gilets Jaunes) protesters rally in Lyon on February 9, 2019 as they take to the streets for the 13th consecutive Saturday. AFP
Yellow Vest (Gilets Jaunes) protesters rally in Lyon on February 9, 2019 as they take to the streets for the 13th consecutive Saturday. AFP
Yellow Vest (Gilets Jaunes) protesters rally in Lyon on February 9, 2019 as they take to the streets for the 13th consecutive Saturday. AFP

Paris 'yellow vest' march demonstrator loses hand


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A "yellow vest" demonstrator lost his hand during clashes with police outside the main parliament building in Paris on Saturday, witnesses said, during a 13th weekend of anti-government protests across France.

Despite a drop in numbers from the massive turnouts of the first demonstrations in November, tens of thousands still turned out in cities across the country to protest against French President Emmanuel Macron's policies.

Clashes broke out outside the National Assembly building in Paris after a march from the Champs-Elysees avenue arrived there.

While many demonstrators marched peacefully, some masked activists tried to break down barriers outside the parliament while others urinated nearby.

Masked men threw projectiles at police, who responded with teargas and stun grenades.

As the march continued, vandals burnt rubbish bins as well as cars — mainly luxury models — and vandalised bus shelters, cash machines and shop windows along the route.

One of the torched cars belonged to Sentinelle, France's antiterrorism unit. Interior Minister Christophe Castaner expressed his "indignation and disgust" in a tweet.

A man was being held for questioning over the blaze, Paris prosecutors said.

Volunteer medics at the National Assembly said that a man's  hand was ripped off during the clashes between police and protesters.

One witness who filmed the incident, Cyprien Royer, 21, said the victim was a yellow jacket photographer taking pictures of people trying to break down the barriers protecting the entrance to the National Assembly.

He said the man was hit in the calf by a type of stun grenade as police attempted to disperse people.

"He wanted to bat it away so it didn't explode by his leg — and it went off when he touched it," he said.

Paris police said the man had lost four fingers.

Officers had arrested 39 people and 21 were in custody, they said on Saturday night.

"We mustn't give up," said pensioner Serge Mairesse, from Aubervilliers, outside Paris. This was the 11th time he had marched with the movement, he said.

"We have to win to have more social and fiscal justice in this country," said Mr Mairesse, who was carrying a placard calling for the reimposition of a wealth tax on high earners repealed by Macron.

At the march in the southeast city of Lyon, Benard, a 56-year-old computer technician, expressed scepticism about Macron's "great debate" initiative designed to address people's grievances.

"It's all very good, the great debate, but we want something concrete: fewer taxes, more purchasing power. We'll be here every Saturday of the year if we have to".

Thousands of protesters turned out on Saturday in the French Mediterranean ports of Marseille and Montpellier and also in Bordeaux and Toulouse in the southwest — strongholds of the movements — as well as several cities in the north and west of France.

In the eastern city of Saint Etienne, eight police officers were slightly hurt during clashes with some protesters on the fringes of the march there, local police said.

Interior ministry figures put the turnout across France at 51,400, of whom 4,000 marched in Paris, slightly down on the previous week's figures.

But last week's official estimates were disputed by march organisers and contradicted by an independent estimate for the news media, which gave a higher estimate.

The first yellow vest day of protest in November brought 282,000 people to the streets across France, according to government figures.

But a YouGov poll of 1,037 people issued on Thursday suggested that nearly two out of three people in France (64 per cent) still support the movement. It was carried out on January 30 and 31.

French prosecutors are meanwhile investigating a series of attacks on homes belonging to politicians in Macron's Republic on the Move party, ranging from vandalism to arson.

No one has been hurt and no individual or group has so far been implicated in the incidents. Government and opposition politicians have condemned the attacks.

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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.

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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’

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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

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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.”

Company Fact Box

Company name/date started: Abwaab Technologies / September 2019

Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO

Based: Amman, Jordan

Sector: Education Technology

Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed

Stage: early-stage startup 

Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.