Bosnian Muslim women mourn at the Srebrenica Memorial Cemetary in 2011. In 1995, the UN-protected enclave fell to Bosnian Serb troops, where alleged war crimes took place.
Bosnian Muslim women mourn at the Srebrenica Memorial Cemetary in 2011. In 1995, the UN-protected enclave fell to Bosnian Serb troops, where alleged war crimes took place.

Searching for answers when 'sly deceiver' Mladic stands trial



SARAJEVO // She remembers Ratko Mladic looking straight into her eyes and promising to spare the other children. A soldier had just killed a 3-year-old child because it was crying.

She remembers, too, the arrogance as he barked murderous orders to his troops that showed his promise to be a lie.

For Munira Subasic, these are the two sides of the Bosnian Serb general who goes on trial today on genocide charges: the sly deceiver and the ranting bully.

Now Mrs Subasic wants to see the man who called himself "the Serbian God" try to defend himself as he faces the UN war crimes tribunal in The Hague.

Gen Mladic stands accused of commanding Bosnian Serb forces in Europe's worst massacre since the Second World War, including the slaughter of some 8,000 Muslims in the northern enclave of Srebrenica and other atrocities of the 1992-95 Bosnian war.

Mrs Subasic said she will be in the courtroom to witness this.

She was in Srebrenica, in July 1995, when the eastern Bosnian town was overrun by Gen Mladic's forces. Along with about 40,000 other residents, Mrs Subasic fled to the UN peacekeepers' compound outside the town seeking their protection. But Gen Mladic shouted threats at the Dutch base commander, then ordered that men be separated from women.

"Surrender your weapons and I will guarantee you life," he told the Bosnian Muslim men and boys, some as young as 11. "You can survive or you can disappear."

But it was those who obeyed who disappeared.

Mrs Subasic watched as Bosniak men boarded buses for the last time. She saw the Serb soldier kill the baby.

"Even God has let us down," she said she thought at the time.

Desperate, she approached Gen Mladic and begged him to spare the children.

All along, she said, "he behaved as the most powerful man in the world, awarding death sentences and life at leisure".

In the Serb town of Lazarevo, where Gen Mladic was captured last year, attitudes are starkly different.

The village, populated mostly by Bosnian Serbs, reacted with fury to his arrest, chanting and blocking journalists from the house where the raid took place. Villagers want to rename their village Mladicevo in honour of their hero.

"My brother has a big picture of Mladic in his home," said an elderly man who identified himself only as Bora. "Every time I go in, I kiss that picture as if he were my father."

The Bosnian Serb warlord was captured in the dilapidated red-roofed house of his cousin Branislav Mladic.

"If only I had known the two men were all alone in there," neighbour Klara Zoric said of Mladic's days in hiding. "I would have taken them some roast meat or pie to eat."

Throughout the war that claimed about 100,000 lives and kept 2.2 million homeless, Gen Mladic was filmed as he issued orders and celebrated victories. Footage shows him giving sweets to children as his troops were taking their fathers away for execution.

In another video he is seen threatening the Dutch UN commander, Thom Karremans.

That is the Gen Mladic that Mrs Subasic had in her head while he hid from international justice. But when Serbian authorities arrested him in May last year, he looked frail and old. She was convinced he was faking illness and memory loss.

Mrs Subasic was in the audience last year when Gen Mladic first appeared in the court to enter his plea. Even then he tried run the show.

"No, no, no, I will not listen to this nonsense," he growled.

Judge Alphons Orie ordered him out of the courtroom. For the first time, the general was not in charge.

Mrs Subasic is convinced Gen Mladic will deny the crimes but still hopes to learn answers to the questions that have haunted her.

Why is her husband Hilmo dead? Why is she no longer managing the local shopping mall?

Above all, why is she still looking for the body of her son Nermin? By now she should have danced at his wedding and played with his children.

"Instead, for the past 17 years I am going from one mass grave to another trying to find at least one bone."

Our family matters legal consultant

Name: Dr Hassan Mohsen Elhais

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

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.”

How to watch Ireland v Pakistan in UAE

When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.

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Profile of Hala Insurance

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Getting there
Flydubai flies direct from Dubai to Tbilisi from Dh1,025 return including taxes