Tributes flowed from across the UK on Tuesday after the death of Captain Sir Tom Moore, 100, the military veteran who won British hearts with his fundraising during the pandemic.
He died on Tuesday having being admitted to hospital with Covid-19.
UK political leaders and celebrities said his legacy would live on as ordinary people joined in the grieving.
His family: "We are so grateful that we were with him during the last hours of his life; Hannah, Benjie and Georgia by his bedside and Lucy on FaceTime.
British Prime Minister Boris Johnson: "Capt Sir Tom Moore was a hero in the truest sense of the word.
“In the dark days of the Second World War he fought for freedom, and in the face of this country’s deepest post-war crisis, he united us all, he cheered us all up and he embodied the triumph of the human spirit.
“It’s quite astonishing that, at the age of 100, he raised more than £32 million ($40m) for the NHS on his own and so gave countless others their own chance to thank the extraordinary men and women who have protected us throughout this pandemic.
“He became not just a national inspiration but a beacon of hope for the world."
The British Army: "It is with great sadness that we have learnt of the death of Capt Sir Tom Moore.
"An exceptional man and soldier to the end, our thoughts are with his family and friends at this difficult time."
Health Secretary Matt Hancock: "He was a great British hero that showed the best of our country."
Chancellor of the Exchequer Rishi Sunak: "A proud Yorkshire man. A dedicated army officer. A tireless fundraiser. And above all, an inspiration to us all. Rest in peace Capt Tom."
Queen Elizabeth II: "The Queen is sending a private message of condolence to the family of Capt Sir Tom Moore.
"Her Majesty very much enjoyed meeting Capt Sir Tom and his family at Windsor last year. Her thoughts and those of the Royal Family are with them.
The National Health Service: "Thanks for everything, Sir Tom."
London Mayor Sadiq Khan: "Heartbroken to hear the news that Capt Sir Tom Moore has sadly passed away.
"He was a true hero, in every sense of the word, and will be mourned by millions."
Defence Secretary Ben Wallace: "In national emergencies ordinary people do extraordinary things and inspire us all to pull together to overcome adversity.
"Few will have heard of Capt Sir Tom before this crisis but his contribution and example now live on in us all."
Labour Party leader Sir Keir Starmer: "This is incredibly sad news. Capt Tom Moore put others first at a time of national crisis and was a beacon of hope for millions. Britain has lost a hero."
NHS Charities Together chief executive Ellie Orton: "He really was a beacon of hope, the optimism that he brought and hope to us in a really dark and difficult time for this nation and particularly for the NHS is just incredible.
“He is held in such amazing high regard, he is a national hero and his legacy will live on in the NHS for years and years to come.”
Fundraiser Lloyd Scott: "Although the amount of money he raised was absolutely mind-boggling, I think that his legacy was really how he touched the souls of everybody – not just in this country but around the world."
Fundraiser Dabirul Islam Choudhury: "He is our real hero and we will miss him terribly."
Footballer and activist Marcus Rashford: "You have inspired generation after generation with your kindness, your perseverance and your strength. You fought for others [until] the very end.
"A role model to so many at a time of such difficulty, your legacy will live on for years to come. Thank you for being a shining light of 2020. Rest in peace Capt Sir Tom. My thoughts are very much with your loved ones."
England football manager Gareth Southgate: "Capt Sir Tom Moore demonstrated the very best of England during an extremely difficult time for the nation.
"It is no exaggeration to say he helped bring the country together in a way that few ever could, and he leaves a legacy that will never be forgotten.
"I was especially struck by his dedication to going above and beyond with his personal challenge, his relentless positivity and his good humour."
One Direction singer Louis Tomlinson: "A truly remarkable man whose message lives on as inspiration for us all to do more whatever our situation."
Inbetweeners actress Emily Atack: "Sir Capt Tom Moore. What a man, what a story. The hero that brought us hope and joy when we needed it most. Rest peacefully Sir."
Why it pays to compare
A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.
Route 1: bank transfer
The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.
Total cost: Dh567.25 - around 2.9 per cent of the total amount
Total received: €4,670.30
Route 2: online platform
The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.
Total cost: Dh74.10, around 0.4 per cent of the transaction
Total received: €4,756
The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.
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Fixtures
Tuesday - 5.15pm: Team Lebanon v Alger Corsaires; 8.30pm: Abu Dhabi Storms v Pharaohs
Wednesday - 5.15pm: Pharaohs v Carthage Eagles; 8.30pm: Alger Corsaires v Abu Dhabi Storms
Thursday - 4.30pm: Team Lebanon v Pharaohs; 7.30pm: Abu Dhabi Storms v Carthage Eagles
Friday - 4.30pm: Pharaohs v Alger Corsaires; 7.30pm: Carthage Eagles v Team Lebanon
Saturday - 4.30pm: Carthage Eagles v Alger Corsaires; 7.30pm: Abu Dhabi Storms v Team Lebanon
MATCH INFO
Euro 2020 qualifier
Fixture: Liechtenstein v Italy, Tuesday, 10.45pm (UAE)
TV: Match is shown on BeIN Sports
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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.”
Mental%20health%20support%20in%20the%20UAE
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Innotech Profile
Date started: 2013
Founder/CEO: Othman Al Mandhari
Based: Muscat, Oman
Sector: Additive manufacturing, 3D printing technologies
Size: 15 full-time employees
Stage: Seed stage and seeking Series A round of financing
Investors: Oman Technology Fund from 2017 to 2019, exited through an agreement with a new investor to secure new funding that it under negotiation right now.
EPL's youngest
- Ethan Nwaneri (Arsenal)
15 years, 181 days old
- Max Dowman (Arsenal)
15 years, 235 days old
- Jeremy Monga (Leicester)
15 years, 271 days old
- Harvey Elliott (Fulham)
16 years, 30 days old
- Matthew Briggs (Fulham)
16 years, 68 days old
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
COMPANY%20PROFILE
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The specs: 2018 BMW X2 and X3
Price, as tested: Dh255,150 (X2); Dh383,250 (X3)
Engine: 2.0-litre turbocharged inline four-cylinder (X2); 3.0-litre twin-turbo inline six-cylinder (X3)
Power 192hp @ 5,000rpm (X2); 355hp @ 5,500rpm (X3)
Torque: 280Nm @ 1,350rpm (X2); 500Nm @ 1,520rpm (X3)
Transmission: Seven-speed automatic (X2); Eight-speed automatic (X3)
Fuel consumption, combined: 5.7L / 100km (X2); 8.3L / 100km (X3)
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How much do leading UAE’s UK curriculum schools charge for Year 6?
- Nord Anglia International School (Dubai) – Dh85,032
- Kings School Al Barsha (Dubai) – Dh71,905
- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
*Annual tuition fees covering the 2024/2025 academic year
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ARABIAN GULF LEAGUE FIXTURES
Thursday, September 21
Al Dahfra v Sharjah (kick-off 5.35pm)
Al Wasl v Emirates (8.30pm)
Friday, September 22
Dibba v Al Jazira (5.25pm)
Al Nasr v Al Wahda (8.30pm)
Saturday, September 23
Hatta v Al Ain (5.25pm)
Ajman v Shabab Al Ahli (8.30pm)
How to wear a kandura
Dos
- Wear the right fabric for the right season and occasion
- Always ask for the dress code if you don’t know
- Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work
- Wear 100 per cent cotton under the kandura as most fabrics are polyester
Don’ts
- Wear hamdania for work, always wear a ghutra and agal
- Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying