Russian authorities have not yet announced any response measures after 60 Russian diplomats were expelled from the US in solidarity with Britain on the Skripal poisoning case. EPA/YURI KOCHETKOV
Russian authorities have not yet announced any response measures after 60 Russian diplomats were expelled from the US in solidarity with Britain on the Skripal poisoning case. EPA/YURI KOCHETKOV

Theresa May thanks Trump for US response to nerve gas attack



Prime minister Theresa May thanked the American president Donald Trump in a telephone call on Wednesday for his country’s actions in support of Britain in light of the nerve gas attack in Salisbury which has left a former Soviet spy and his daughter critically ill in hospital.

On Monday, America led the way in a global response against Russia, the country widely perceived to be behind the assassination attempt against Sergei and Yulia Skripal, expelling scores of diplomats from the country and closing the Russian consulate in Seattle.

The prime minister’s spokesman said on Wednesay night that “Theresa May today spoke with President Trump to welcome the US decision to expel 60 Russian diplomats in response to the use of a nerve agent in Salisbury.

“The PM said the US had delivered a very strong response and welcomed the breadth of international action in response to Russia’s reckless and brazen behaviour – with 26 countries now putting expulsions in place.”

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The White House said that the “two leaders agreed on the importance of dismantling Russia’s spy networks in the United Kingdom and the United States to curtail Russian clandestine activities and prevent future chemical weapons attacks on either country’s soil.”

In a separate conversation with the German chancellor Angela Merkel, Mrs May thanked her German counterpart for her strong support and solidarity following the Salisbury attack.

According to Downing Street, the chancellor and prime minister both agreed on the need to continue to work together to counter increased Russian aggression.

And in a speech to the Lord Mayor’s Easter Banquet on Wednesday night, foreign secretary Boris Johnson hailed the 27-nation coalition which has acted against Russia.

“It seems clear that the Kremlin underestimated the strength of global feeling,” Mr Johnson told his audience. “If they thought that the world had become so hardened and cynical as not to care about the use of chemical weapons in a peaceful place like Salisbury, if they believed that no one would give a fig about the suffering of Sergei and Yulia Skripal or that we would be indifferent to the reckless and contemptuous disregard for public safety that saw 39 others seek medical treatment, if they believed that we had become so morally weakened, so dependent on hydrocarbons, so chronically risk averse and so fearful of Russia that we would not dare to respond, then this is their answer.

“Because these countries know full well that they face the risk of retaliation and frankly there are countries that have taken action that are more vulnerable to Russia than we are, whether through geography or their energy needs, and I pay tribute to them because they know that their own Russia-based diplomats, and their families, must now deal with the possibility of their own lives being turned upside down.”

In other developments in the story, Mr Skripal’s niece, Viktoria, told the BBC that the pair faced a bleak medical prognosis, saying their chances of survival “really [aren’t] good” following the attack with the nerve agent Novichok on March 4.

Ms Skripal said: “Out of 99% I have maybe 1% of hope. Whatever it was has given them a very small chance of survival. But they’re going to be invalids for the rest of their lives.”

British police also announced late on Wednesday that they were confident they knew how the Skripals had been poisoned.

Deputy assistant commissioner Dean Haydon, the senior national coordinator for counterterrorism policing, said: “At this point in our investigation, we believe the Skripals first came into contact with the nerve agent from their front door.

“We are therefore focusing much of our efforts in and around their address. Those living in the Skripals’ neighbourhood can expect to see officers carrying out searches as part of this but I want to reassure them that the risk remains low and our searches are precautionary.”

Meanwhile, more than 20 nations have now announced the expulsion of more than 150 Russian diplomats in the dispute, and the Russian reaction is being eagerly awaited.

Britain expelled 23 and Russia retaliated with the same number, but it has not responded to the other moves.

Montenegro on Wednesday announced it would expel a Russian diplomat. Slovakia and Malta said they would recall their ambassadors from Russia.

Russia’s deputy foreign minister Sergei Ryabkov said Moscow is in “no rush” to retaliate.

He told the RIA Novosti state news agency that Russia is “thoughtfully and thoroughly” considering its response. Separately, he was quoted by the Interfax news agency as saying the expulsions were directed by London and Washington, adding that other nations succumbed to their pressure. He added that “all options are on the table” regarding Russia’s response.

President Vladimir Putin’s spokesman, Dmitry Peskov, told reporters that Russia’s response would come soon and that it will be “timely and will suit the interests of Russia.”

CRICKET%20WORLD%20CUP%20LEAGUE%202
%3Cp%3EMannofield%2C%20Aberdeen%3Cbr%3E%3Cbr%3EAll%20matches%20start%20at%202pm%20UAE%20time%20and%20will%20be%20broadcast%20on%20icc.tv%3Cbr%3E%3Cbr%3E%3Cstrong%3EUAE%20fixtures%3C%2Fstrong%3E%3Cbr%3E%3Cbr%3EWednesday%2C%20Aug%2010%20%E2%80%93%20Scotland%20v%20UAE%3Cbr%3EThursday%2C%20Aug%2011%20-%20UAE%20v%20United%20States%3Cbr%3ESaturday%2C%20Aug%2014%20%E2%80%93%20Scotland%20v%20UAE%3Cbr%3EMonday%2C%20Aug%2015%20%E2%80%93%20UAE%20v%20United%20States%3Cbr%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EUAE%20squad%3C%2Fstrong%3E%3Cbr%3E%3Cbr%3EAhmed%20Raza%20(captain)%2C%20Chirag%20Suri%2C%20Muhammad%20Waseem%2C%20Vriitya%20Aravind%2C%20CP%20Rizwan%2C%20Basil%20Hameed%2C%20Rohan%20Mustafa%2C%20Zawar%20Farid%2C%20Kashif%20Daud%2C%20Karthik%20Meiyappan%2C%20Zahoor%20Khan%2C%20Junaid%20Siddique%2C%20Sabir%20Ali%2C%20Alishan%20Sharafu%3Cbr%3E%3Cbr%3E%3Cstrong%3ETable%3C%2Fstrong%3E%20(top%20three%20teams%20advance%20directly%20to%20the%202023%20World%20Cup%20Qualifier)%3Cbr%3E%3Cbr%3E1.%20Oman%2036%2021%2013%201%201%2044%3Cbr%3E2.%20Scotland%2024%2016%206%200%202%2034%3Cbr%3E3.%20UAE%2022%2012%208%201%201%2026%3Cbr%3E--%3Cbr%3E4.%20Namibia%2018%209%209%200%200%2018%3Cbr%3E5.%20United%20States%2024%2011%2012%201%200%2023%3Cbr%3E6.%20Nepal%2020%208%2011%201%200%2017%3Cbr%3E7.%20Papua%20New%20Guinea%2020%201%2019%200%200%202%3C%2Fp%3E%0A
Brief scores:

Toss: Northern Warriors, elected to field first

Bengal Tigers 130-1 (10 ov)

Roy 60 not out, Rutherford 47 not out

Northern Warriors 94-7 (10 ov)

Simmons 44; Yamin 4-4

Scoreline

Arsenal 3
Aubameyang (28'), Welbeck (38', 81')
Red cards: El Neny (90' 3)

Southampton 2
Long (17'), Austin (73')
Red cards: Stephens (90' 2)

Europe’s rearming plan
  • Suspend strict budget rules to allow member countries to step up defence spending
  • Create new "instrument" providing €150 billion of loans to member countries for defence investment
  • Use the existing EU budget to direct more funds towards defence-related investment
  • Engage the bloc's European Investment Bank to drop limits on lending to defence firms
  • Create a savings and investments union to help companies access capital
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Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
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Copa del Rey

Semi-final, first leg

Barcelona 1 (Malcom 57')
Real Madrid (Vazquez 6')

Second leg, February 27

Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
On sale: Now
Price: From Dh158,000 (Cooper), Dh168,000 (Aceman), Dh132,000 (Countryman)
Short-term let permits explained

Homeowners and tenants are allowed to list their properties for rental by registering through the Dubai Tourism website to obtain a permit.

Tenants also require a letter of no objection from their landlord before being allowed to list the property.

There is a cost of Dh1,590 before starting the process, with an additional licence fee of Dh300 per bedroom being rented in your home for the duration of the rental, which ranges from three months to a year.

Anyone hoping to list a property for rental must also provide a copy of their title deeds and Ejari, as well as their Emirates ID.

Origin
Dan Brown
Doubleday

COMPANY%20PROFILE%20
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Haltia.ai%0D%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202023%0D%3Cbr%3E%3Cstrong%3ECo-founders%3A%3C%2Fstrong%3E%20Arto%20Bendiken%20and%20Talal%20Thabet%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%2C%20UAE%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20AI%0D%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%2041%0D%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20About%20%241.7%20million%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Self%2C%20family%20and%20friends%26nbsp%3B%3C%2Fp%3E%0A

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.”

Our legal consultants

Name: Hassan Mohsen Elhais

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

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