• Sayyid Dhi Yazan bin Haitham attends the Sultan Qaboos Cup final between Dhofar and Al Orouba at the Rustaq Sports Complex, west of the Omani capital Muscat in November. AFP
    Sayyid Dhi Yazan bin Haitham attends the Sultan Qaboos Cup final between Dhofar and Al Orouba at the Rustaq Sports Complex, west of the Omani capital Muscat in November. AFP
  • Omani Minister of Culture, Sports and Youth Dhi Yazan bin Haitham and President of Olympic Council of Asia Sheikh Ahmed Al Fahad Al Jaber attend the 39th Olympic Council of Asia General Assembly Meeting. AFP
    Omani Minister of Culture, Sports and Youth Dhi Yazan bin Haitham and President of Olympic Council of Asia Sheikh Ahmed Al Fahad Al Jaber attend the 39th Olympic Council of Asia General Assembly Meeting. AFP
  • Dhi Yazan bin Haitham presents the trophy to Dhofar players after winning the Sultan Qaboos Cup final. AFP
    Dhi Yazan bin Haitham presents the trophy to Dhofar players after winning the Sultan Qaboos Cup final. AFP
  • Omani Minister of Culture, Sports and Youth Sayyid Dhi Yazan bin Haitham attends the 39th Olympic Council of Asia (OCA) General Assembly Meeting. AFP
    Omani Minister of Culture, Sports and Youth Sayyid Dhi Yazan bin Haitham attends the 39th Olympic Council of Asia (OCA) General Assembly Meeting. AFP
  • Oman's ruler Sultan Haitham bin Tariq prepares for a meeting at Al Alam palace in the capital Muscat, Oman. AP
    Oman's ruler Sultan Haitham bin Tariq prepares for a meeting at Al Alam palace in the capital Muscat, Oman. AP
  • Dhi Yazan bin Haitham presents the Order of Royal Commendation, 3rd Class, to media personnel, granted by Sultan Haitham Bin Tarik. Oman News Agency
    Dhi Yazan bin Haitham presents the Order of Royal Commendation, 3rd Class, to media personnel, granted by Sultan Haitham Bin Tarik. Oman News Agency
  • Dhi Yazan bin Haitham tours the exhibition titled “The Coast, Society and Protection," by Juana Mullet, at Bait al Baranda in Muttrah. Oman News Agency
    Dhi Yazan bin Haitham tours the exhibition titled “The Coast, Society and Protection," by Juana Mullet, at Bait al Baranda in Muttrah. Oman News Agency
  • Dhi Yazan bin Haitham, Minister of Culture, Sports and Youth, takes part via video-conferencing in the 24th session of GCC Ministers of Culture's Council. Oman News Agency
    Dhi Yazan bin Haitham, Minister of Culture, Sports and Youth, takes part via video-conferencing in the 24th session of GCC Ministers of Culture's Council. Oman News Agency
  • Dhi Yazan bin Haitham receives in his office today Leslie M. Tsou, US ambassador to Oman. Oman News Agency
    Dhi Yazan bin Haitham receives in his office today Leslie M. Tsou, US ambassador to Oman. Oman News Agency
  • Dhi Yazan bin Haitham opens the training centre of Outward Bound Oman in Al Khoudh. Oman News Agency
    Dhi Yazan bin Haitham opens the training centre of Outward Bound Oman in Al Khoudh. Oman News Agency
  • Dhi Yazan bin Haitham, Minister of Culture, Sports and Youth. Oman News Agency
    Dhi Yazan bin Haitham, Minister of Culture, Sports and Youth. Oman News Agency

Dhi Yazan bin Haitham set to become Oman's first Crown Prince


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Sultan Haitham's eldest son is set to become Oman's first Crown Prince, in accordance with legislation which establishes succession from ruler to the eldest son.

Oxford-educated Dhi Yazan bin Haitham was born in 1990 and will likely be a popular choice with Oman's young population.

He currently holds the post of minister of culture, sports and youth, named to the role when his father restructured the government in August 2020. Before his appointment he served in Oman's UK embassy from 2018, a continuation of a foreign ministry role he began in 2013.

On Monday, Sultan Haitham issued a new basic law outlining a revised succession plan and creating the role of Crown Prince.

The Crown Prince will act in the place of the Sultan in the event of a "temporary impediment" that prevents the monarch from exercising his duties.

The law stipulates the Crown Prince must be a male descendant of Sultan Turki bin Sultan and have Omani Muslim parents.

"Bringing him early on to a government post and settling a clearer succession procedure gives him an ample training ground and is good news for investors, neighbours, and Oman," said Bader Al Saif, assistant professor of history at Kuwait University.

Sultan Haitham's second son is Bilarab bin Haitham, five years younger than Dhi Yazan bin Haitham. Currently, he holds no official position.

The Sultan also has two daughters.

"It will be obviously one of his two sons. For me, either of them are a perfect successor," said Ali Al Rawahi, 32, an electrical engineer. "I know the chosen one will be groomed well to take over the job. They both have pleasant personalities, are highly spoken of, well-mannered and very responsible young men."

Dr Salim Al Salmi, a retired Sultan Qaboos University researcher, said: "Sayyid Dhi Yazan is the most likely one to take over from his father. He is acquiring experience in the Cabinet and it looks like he is being groomed for the top job."

Oman after Qaboos: Sultan Haitham's first year of rule

Omanis quietly marked the first anniversary of Sultan Qaboos's death on Sunday.

No official ceremonies were held, but state-run Oman television broadcast a programme about his legacy.

Sultan Qaboos, who ruled Oman from 1970 to 2020, came to power at the age of 29. A moderniser with respect for Oman’s traditions, the graduate of Britain's Sandhurst military academy transformed the country into a respected international player.

He was succeeded by Sultan Haitham, his cousin, on January 11, 2020.

In his first year, Sultan Haitham revamped the government, streamlining it from 26 to 19 ministries.

He also approved a 2040 economic vision aimed at diversifying Oman's income away from oil revenue.

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MATCH INFO

Southampton 0
Manchester City 1
(Sterling 16')

Man of the match: Kevin de Bruyne (Manchester City)

Analysis

Members of Syria's Alawite minority community face threat in their heartland after one of the deadliest days in country’s recent history. Read more

In numbers: China in Dubai

The number of Chinese people living in Dubai: An estimated 200,000

Number of Chinese people in International City: Almost 50,000

Daily visitors to Dragon Mart in 2018/19: 120,000

Daily visitors to Dragon Mart in 2010: 20,000

Percentage increase in visitors in eight years: 500 per cent

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.”

Five films to watch

Castle in the Sky (1986)

Grave of the Fireflies (1988)

Only Yesterday (1991)

Pom Poki (1994)

The Tale of Princess Kaguya (2013)

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

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

The biog

Marital status: Separated with two young daughters

Education: Master's degree from American Univeristy of Cairo

Favourite book: That Is How They Defeat Despair by Salwa Aladian

Favourite Motto: Their happiness is your happiness

Goal: For Nefsy to become his legacy long after he is gon

Secret Nation: The Hidden Armenians of Turkey
Avedis Hadjian, (IB Tauris)
 

Tonight's Chat on The National

Tonight's Chat is a series of online conversations on The National. The series features a diverse range of celebrities, politicians and business leaders from around the Arab world.

Tonight’s Chat host Ricardo Karam is a renowned author and broadcaster who has previously interviewed Bill Gates, Carlos Ghosn, Andre Agassi and the late Zaha Hadid, among others.

Intellectually curious and thought-provoking, Tonight’s Chat moves the conversation forward.

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The biog

Name: Salvador Toriano Jr

Age: 59

From: Laguna, The Philippines

Favourite dish: Seabass or Fish and Chips

Hobbies: When he’s not in the restaurant, he still likes to cook, along with walking and meeting up with friends.

What vitamins do we know are beneficial for living in the UAE

Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.

Company Fact Box

Company name/date started: Abwaab Technologies / September 2019

Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO

Based: Amman, Jordan

Sector: Education Technology

Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed

Stage: early-stage startup 

Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.