A man makes a protest by wearing a box carrying a picture of Jean Charles de Menezes.
A man makes a protest by wearing a box carrying a picture of Jean Charles de Menezes.
A man makes a protest by wearing a box carrying a picture of Jean Charles de Menezes.
A man makes a protest by wearing a box carrying a picture of Jean Charles de Menezes.

Verdict due on police shooting


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LONDON // A verdict due tomorrow at an inquest into the death of an innocent Brazilian shot dead by police, who thought he was a Muslim suicide bomber, is set to bring to the boil a simmering controversy in Britain. The Metropolitan Police have already been found guilty of breaking health and safety laws over the shooting of Jean Charles de Menezes, a 27-year-old electrician, on a London underground train in July 2005. But at the end of last week, members of his family walked out of the inquest in disgust during the coroner's summing up when, at the end of seven weeks of evidence, he told the jury that it could not return a verdict of unlawful killing. Three of Menezes's cousins protested inside and outside the court wearing T-shirts displaying the message: "Your legal right to decide - unlawful killing verdict." The family's legal team, led by Michael Mansfield QC, also withdrew in protest. Sir Michael Wright, the coroner, has since told the 11 jurors that they must not be swayed by the demonstration and instructed them that they must only return an open verdict or one of lawful killing. A verdict of unlawful killing could not be supported, he said. "I'm not saying that nothing went wrong in a police operation which resulted in the killing of an innocent man. All interested persons agree that a verdict of unlawful killing could only be left to you if you could be sure that a specific officer had committed a very serious crime - murder or manslaughter," he said. The shooting of Menezes, after he was mistaken for one of the would-be suicide bombers who had attempted but failed to explode devices on London's transport system the day before, alarmed Muslim groups throughout Britain. In a statement, the Muslim Council of Britain expressed concern over the apparent existence of a shoot-to-kill policy and demanded that Scotland Yard make clear its reasons for shooting dead an innocent man. Police officers have said that, after mistakenly identifying Menezes as bomber Hussain Osman, they thought he was going to explode a device after he boarded a train at Stockwell station. However, the officers' accounts have been contradicted in certain crucial respects by other passengers on the train. One of the two policemen who opened fire on Menezes claimed he had shouted "armed police", before firing, but other witnesses challenged this, saying no warning was given. In the event, two officers opened fire with handguns on Menezes. He was hit seven times in the head at close range and received an eighth round in the shoulder. One of the police shooters claimed that, after he shouted his warning, Menezes's actions - he was said by officers to have stood up - had made him fear the electrician was carrying a bomb. But passengers testified that the Brazilian had not shown any significant reaction to the police's arrival. However, the coroner told jury members that, even if they believed that the police had lied, they could not blame them for the death. "Many people tell lies for a variety of reasons [including] to mitigate the impact of what might be a tragic mistake," he said. At the time of the shooting, few doubt that the police in London were under pressure. Apart from the failed bombings the day before, two weeks earlier four young, Islamic extremists had detonated bombs on London's bus and underground systems, killing themselves and more than 50 others. Police keeping watch on a block of flats with links to Hussain Osman - and where Menezes was living - were given only imprecise descriptions and photographs of Osman. Communications with the control room and between officers were poor and were non-existent once officers had entered the underground station. During the inquest, police wrongly claimed they had been unable to access photographs of Osman that could have ruled out Menezes as a bomb suspect. A detective had said they were unable to contact the government's driver licensing agency to get a picture. Later, he had to apologise to the inquest, saying the photograph had been received. There has also been evidence that police on the ground received "ambiguous" orders from their commanders on how to apprehend the man they thought was a bomber. One of the officers said Menezes could have been stopped long before he reached the tube station. The police, Mr de Menezes's family and the Muslim community throughout Britain will be watching closely tomorrow. dsapsted@thenational.ae

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.”

UAE v Gibraltar

What: International friendly

When: 7pm kick off

Where: Rugby Park, Dubai Sports City

Admission: Free

Online: The match will be broadcast live on Dubai Exiles’ Facebook page

UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)

When Umm Kulthum performed in Abu Dhabi

  

 

 

 

Known as The Lady of Arabic Song, Umm Kulthum performed in Abu Dhabi on November 28, 1971, as part of celebrations for the fifth anniversary of the accession of Sheikh Zayed bin Sultan Al Nahyan as Ruler of Abu Dhabi. A concert hall was constructed for the event on land that is now Al Nahyan Stadium, behind Al Wahda Mall. The audience were treated to many of Kulthum's most well-known songs as part of the sold-out show, including Aghadan Alqak and Enta Omri.

 
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The specs

Engine: 3.9-litre twin-turbo V8
Power: 620hp from 5,750-7,500rpm
Torque: 760Nm from 3,000-5,750rpm
Transmission: Eight-speed dual-clutch auto
On sale: Now
Price: From Dh1.05 million ($286,000)

Company profile

Company name: Suraasa

Started: 2018

Founders: Rishabh Khanna, Ankit Khanna and Sahil Makker

Based: India, UAE and the UK

Industry: EdTech

Initial investment: More than $200,000 in seed funding

COMPANY%20PROFILE
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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.

UAE currency: the story behind the money in your pockets
Bullet%20Train
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Afro%20salons
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Company Profile

Name: JustClean

Based: Kuwait with offices in other GCC countries

Launch year: 2016

Number of employees: 130

Sector: online laundry service

Funding: $12.9m from Kuwait-based Faith Capital Holding