Russia demanded on Saturday that Britain further slash its diplomatic presence as a crisis in ties between Moscow and the West escalated after a nerve agent attack on a former spy.
The call came after 23 British diplomats were kicked out of Russia last month and is seen as Moscow's retaliation to the mass coordinated expulsion of Russian diplomatic staff by the UK's allies.
It is the biggest wave of tit-for-tat expulsions between Russia and the West in recent memory and has seen relations plunge to post-Cold War lows.
The crisis was triggered by the March 4 poisoning of Russian former double agent Sergei Skripal and his daughter Yulia in the English city of Salisbury. Britain blamed this on Moscow, saying a military grade nerve agent of a kind developed in Russia was used.
On Friday, Moscow summoned British ambassador Laurie Bristow, giving London a month to cut the number of diplomatic staff in Russia to the same number Russia has in Britain.
"Russia suggested parity. The British side has more than 50 more people," foreign ministry spokeswoman Maria Zakharova told AFP.
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Read more:
Russia targets UK in new round of envoy cuts
Putin hits back over Skripal expulsions by closing US consulate in St Petersburg
Poisoned Russian spy's daughter 'improving rapidly'
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Mr Bristow was summoned along with the heads of missions from 23 other countries who were told that some of their diplomats had to leave.
He was handed a protest note over the "provocative and unfounded actions of the British side which instigated the unwarranted expulsion of Russian diplomats from a variety of states," the Russian foreign ministry said.
In London, a Foreign Office spokeswoman said on Saturday: "We are considering the implication of the measures announced yesterday by the Russian Foreign Ministry."
The UK Foreign Office had said it regretted the most recent developments but insisted Russia was the culprit.
"This doesn't change the facts of the matter: the attempted assassination of two people on British soil, for which there is no alternative conclusion other than that the Russian state was culpable," it said.
Meanwhile, Britain said it was considering Moscow's request for consular access to Skripal's daughter Yulia, who was visiting from Russia when the attack took place.
The 33-year-old came out of critical care on Thursday and was "improving rapidly", according to Salisbury District Hospital.
She is now in a stable condition – with the BBC reporting that she was conscious and talking.
"We are considering requests for consular access in line with our obligations under international and domestic law, including the rights and wishes of Yulia Skripal," a Foreign Office spokeswoman told AFP.
Sergei Skripal, 66, who sold secrets to Britain and moved there in a 2010 spy swap, remains in a critical but stable condition.
Britain also acknowledged on Saturday that border officials had searched an incoming Aeroflot flight from Moscow in what Russia called a "blatant provocation".
Britain said it conducts routine checks on aircraft to protect the UK from organised crime and people attempting to bring harmful substances into the country.
The crisis has resulted in more than 150 Russian diplomats leaving the US, EU member states, Nato countries and other nations.
On Friday, Russia expelled diplomats from 23 countries – most of them EU member states – in retaliation against the West.
France, Germany, Canada and Poland each said that Russia was expelling four of their diplomats. Other countries including Australia, Ukraine, the Netherlands, Sweden, the Czech Republic, Finland, Lithuania and Norway were also told to pull out their envoys.
How to get there
Emirates (www.emirates.com) flies directly to Hanoi, Vietnam, with fares starting from around Dh2,725 return, while Etihad (www.etihad.com) fares cost about Dh2,213 return with a stop. Chuong is 25 kilometres south of Hanoi.
COMPANY%20PROFILE
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Ain Issa camp:
- Established in 2016
- Houses 13,309 people, 2,092 families, 62 per cent children
- Of the adult population, 49 per cent men, 51 per cent women (not including foreigners annexe)
- Most from Deir Ezzor and Raqqa
- 950 foreigners linked to ISIS and their families
- NGO Blumont runs camp management for the UN
- One of the nine official (UN recognised) camps in the region
Our legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Indoor cricket in a nutshell
Indoor Cricket World Cup – Sep 16-20, Insportz, Dubai
16 Indoor cricket matches are 16 overs per side
8 There are eight players per team
9 There have been nine Indoor Cricket World Cups for men. Australia have won every one.
5 Five runs are deducted from the score when a wickets falls
4 Batsmen bat in pairs, facing four overs per partnership
Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.
Zones
A Front net, behind the striker and wicketkeeper: 0 runs
B Side nets, between the striker and halfway down the pitch: 1 run
C Side nets between halfway and the bowlers end: 2 runs
D Back net: 4 runs on the bounce, 6 runs on the full
Oscars in the UAE
The 90th Academy Awards will be aired in the UAE from 3.30am on Monday, March 5 on OSN, with the ceremony starting at 5am
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
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Company%20Profile
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Disclaimer
Director: Alfonso Cuaron
Stars: Cate Blanchett, Kevin Kline, Lesley Manville
Rating: 4/5
Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
The specs: 2018 Jaguar F-Type Convertible
Price, base / as tested: Dh283,080 / Dh318,465
Engine: 2.0-litre inline four-cylinder
Transmission: Eight-speed automatic
Power: 295hp @ 5,500rpm
Torque: 400Nm @ 1,500rpm
Fuel economy, combined: 7.2L / 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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Citadel: Honey Bunny first episode
Directors: Raj & DK
Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon
Rating: 4/5
Electoral College Victory
Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate.
Popular Vote Tally
The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.
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The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
The specs
Engine: 2-litre or 3-litre 4Motion all-wheel-drive Power: 250Nm (2-litre); 340 (3-litre) Torque: 450Nm Transmission: 8-speed automatic Starting price: From Dh212,000 On sale: Now