Gulf states announced new measures on Tuesday to cut links with Iran and stop the coronavirus spreading after dozens new cases were reported, all of them people returning from the country.
The UAE suspended all passenger and cargo flights to Iran after Kuwait and Bahrain announced the new cases of Covid-19. Iran has confirmed about 95 cases, with at least 16 dead.
Over the past two days, Kuwait, Bahrain and Oman have reported more than 30 cases of the novel coronavirus among people returning from pilgrimages to Iran, which is battling the deadliest outbreak outside China.
Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, called Chinese President Xi Jinping on Tuesday.
In a tweet, Sheikh Mohamed said Abu Dhabi expressed "solidarity with China" in battling the spread of the virus, and pledged to support Beijing.
Bahraini officials also halted routes between Manama and Dubai and Sharjah airports for 48 hours from Tuesday.
Education officials also announced that all schools and kindergartens would be closed for two weeks.
The measures by Bahrain came after it confirmed its first two cases on Monday.
The country's Health Ministry confirmed 12 more cases on Tuesday. They arrived on a flight from Iran that transited through Dubai and Sharjah.
Kuwait has cancelled celebrations for National Day on Tuesday and Wednesday, and also scrapped all sports events to counter the spread of the disease.
Believed to come from wildlife in China’s Wuhan city late last year, the flu-like disease has infected 80,000 people and killed 2,663 in the country.
But the World Health Organisation said the epidemic there had peaked and was declining since February 2.
Beyond mainland China, however, it has jumped to about 29 countries and territories, with about three dozen deaths, and outbreaks in Iran, Italy and South Korea are of particular concern.
Iran confirmed three more deaths and 34 new infections on Tuesday, taking the country's overall death toll to 15 and infection tally to 95.
One of those infected was the head of the country’s counter-coronavirus task force, Iraj Harirchi.
Mr Harirchi coughed occasionally and appeared to be sweating during a briefing on Monday with government spokesman Ali Rabiei.
A prominent Iranian MP, Mahmoud Sadeghi, also announced he had tested positive for the virus.
In response to the outbreak in Iran, all 132 passengers and crew on a Turkish Airlines plane from Tehran will be quarantined for 14 days and tested for possible coronavirus infection at a hospital in Ankara, Turkish Health Minister Fahrettin Koca said on Tuesday.
Some neighbouring countries also closed borders, while Oman's Khasab port halted import and export of goods with Iran.
"It is an uninvited and inauspicious visitor. God willing we will get through this virus," Iranian President Hassan Rouhani said in a televised speech.
Iran cancelled concerts and soccer matches nationwide, while schools and universities closed in many provinces.
Many Iranians took to social media to accuse authorities of concealing the facts.
Authorities say US sanctions are hampering its response to the coronavirus by preventing imports of masks and medicine.
Oman, which has confirmed two cases of the virus, said on Tuesday it had quarantined 263 people who arrived a day after the Ministry of Health confirmed two cases.
The Minister of Health, Dr Ahmed Al Saeedi, said on state TV that most of the quarantined people went to Oman from China, South Korea and Iran. Most of them were foreign nationals.
“Anyone coming from these countries will be quarantined for two weeks, as most symptoms do not appear until two weeks after the virus is transmitted from one person to another,” Dr Al Saeedi said.
The two Omanis women who are affected by the virus arrived from Iran.
Dr Al Saeedi said Oman quarantined people at home or in hospitals under the supervision of the Ministry of Health.
Last week, Muscat Airport made it mandatory for all passengers arriving to fill in forms disclosing where they travelled in recent days.
The Omani Health Ministry in a tweet urged residents to “refrain from spreading rumours” on social media that the virus had affected many people in different areas of Oman.
“This is just a rumour and it is not true,” the ministry said.
World Health Organisation chief Tedros Adhanom Ghebreyesus on Monday warned countries to prepare for a "potential pandemic" of new coronavirus, calling the sudden increase in cases in Iran, Italy and South Korea "deeply concerning".
In Iraq, influential cleric Moqtada Al Sadr called off anti-government protests on Tuesday over coronavirus fears as the country suspended flights from China and Iran.
“I have called for a million-man protest and today I forbid you from it for the sake of your health,” Mr Al Sadr said in a tweet. “It is more important to me than anything else.”
In Dubai, doctors have been told to expand checks on possible coronavirus patients.
Clinics and hospitals should test patients with severe chest infections for Covid-19, even if they have no history of travel to an infection hot spot and no known contact with a sufferer.
Hospitals will also collect three samples from suspected patients for virus detection as opposed to one.
The advice, issued by the Dubai Health Authority in a public circular on Monday, is an update from previous guidelines, which required either of the risk factors to test patients.
Hot spots now include China, Hong Kong, South Korea, Japan, Singapore and Italy.
Anyone who has travelled to these countries and has a serious chest infection, or has been in contact with a suspect in the past 28 days, must visit a hospital. Previously, it was a 14-day window.
New developments suggest coronavirus incubation could be longer than 14 days, leading to the change.
The head of a top hospital in Abu Dhabi has warned residents against paranoia, saying the UAE was prepared to protect its people against Covid-19.
"Do not be paranoid, do not be scared," said Dr Rakesh Suri, chief executive of Cleveland Clinic Abu Dhabi. "We are prepared, we are ready, we are with you and we will get past this."
Meanwhile, Italian Prime Minister Giuseppe Conte said on Tuesday that measures adopted to rein in Italy's coronavirus outbreak would soon produce results, and he paid tribute to the country's health service.
More than 280 people have tested positive for the illness in Italy, making it the hardest hit nation in Europe.
"I am confident we will have a containing effect in the coming days," Mr Conte said.
He said the health service was "among the most rigorous and efficient in the world".
A four-star hotel in Spain's Canary Islands was locked down on Tuesday, with all guests barred from leaving until further tests were carried out after a case of coronavirus, government spokeswoman Maria Montero said on Tuesday.
"We're told we're in quarantine due to an Italian doctor testing for the coronavirus," guest Christopher Betts said from his room at the hotel.
"The hotel seems to be acting normally, except that we cannot go out. There are police cars stationed at all entrances."
Austria reported its first two coronavirus cases on Tuesday as the outbreak apparently spread from neighbouring Italy, where hundreds have been infected.
The two patients are Italians who live in the border province of Tyrol and recently travelled to Lombardy, one of the two regions at the centre of the Italian outbreak, Tyrol's Governor Guenther Platter told local media.
Croatia reported the first known case of the new coronavirus in the Balkans region on Tuesday after a man who recently returned from Italy was found to be infected.
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
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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.”
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Glitterbeat
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Biog
Mr Kandhari is legally authorised to conduct marriages in the gurdwara
He has officiated weddings of Sikhs and people of different faiths from Malaysia, Sri Lanka, Russia, the US and Canada
Father of two sons, grandfather of six
Plays golf once a week
Enjoys trying new holiday destinations with his wife and family
Walks for an hour every morning
Completed a Bachelor of Commerce degree in Loyola College, Chennai, India
2019 is a milestone because he completes 50 years in business
Match info
Costa Rica 0
Serbia 1
Kolarov (56')
Company profile
Date started: December 24, 2018
Founders: Omer Gurel, chief executive and co-founder and Edebali Sener, co-founder and chief technology officer
Based: Dubai Media City
Number of employees: 42 (34 in Dubai and a tech team of eight in Ankara, Turkey)
Sector: ConsumerTech and FinTech
Cashflow: Almost $1 million a year
Funding: Series A funding of $2.5m with Series B plans for May 2020
more from Janine di Giovanni
One in nine do not have enough to eat
Created in 1961, the World Food Programme is pledged to fight hunger worldwide as well as providing emergency food assistance in a crisis.
One of the organisation’s goals is the Zero Hunger Pledge, adopted by the international community in 2015 as one of the 17 Sustainable Goals for Sustainable Development, to end world hunger by 2030.
The WFP, a branch of the United Nations, is funded by voluntary donations from governments, businesses and private donations.
Almost two thirds of its operations currently take place in conflict zones, where it is calculated that people are more than three times likely to suffer from malnutrition than in peaceful countries.
It is currently estimated that one in nine people globally do not have enough to eat.
On any one day, the WFP estimates that it has 5,000 lorries, 20 ships and 70 aircraft on the move.
Outside emergencies, the WFP provides school meals to up to 25 million children in 63 countries, while working with communities to improve nutrition. Where possible, it buys supplies from developing countries to cut down transport cost and boost local economies.
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions