Germany has threatened to impose sanctions on Russia after the poisoning of opposition figure Alexei Navalny, accusing Moscow of delaying an investigation.
Russian opposition leader and anti-corruption campaigner Mr Navalny became ill on a flight last month and was treated in a Siberian hospital before being flown to Berlin.
Germany said last week there was “unequivocal evidence” that he had been poisoned with the Soviet-era nerve agent novichok.
Berlin, which holds the rotating EU presidency, will discuss possible sanctions against Russia if the Kremlin does not provide an explanation “in the coming days”, Foreign Minister Heiko Maas said on Sunday.
"We have high expectations of the Russian government to solve this serious crime," Mr Maas told German daily newspaper Bild.
“If the government has nothing to do with the attack, then it is in its own interest to back this up with facts.”
If not, Germany will be compelled to “discuss a response with our allies”, he said.
Any sanctions decided should be “targeted”, Mr Maas said.
British Foreign Secretary Dominic Raab on Sunday said Russia had “a very serious set of questions to answer” and it was clear that the Kremlin critic was poisoned with novichok.
Russia has denied responsibility for the attack and Foreign Minister Sergey Lavrov said Germany had yet to share any findings with Moscow’s prosecutors.
Foreign Ministry spokeswoman Maria Zakharova on Sunday accused Germany of dragging its feet in response to a request sent by Russian prosecutors on August 27.
“So far we are not certain that Germany is not playing a double game,” Ms Zakharova said.
“Where is the ‘urgency’ you are insisting upon?
“By not sending its answer, Berlin is stalling the process of investigation for which it’s calling. On purpose?”
In an interview with the ARD broadcaster later on Sunday, Mr Maas accused Moscow of “smoke and mirrors” tactics.
“And I fear we will see more of this in the coming days,” he said.
Mr Maas said he had already agreed in principle to a request for judicial assistance which was being examined by the Berlin public prosecutor’s office.
He earlier said there were “several indications” that Russia was behind the poisoning, the strongest accusations yet from Germany.
“Only a small number of people have access to novichok and this poison was used by Russian secret services in the attack against former agent Sergei Skripal,” Mr Maas said.
He was referring to the 2018 attack on the former double agent and his daughter in the English city of Salisbury.
Mr Maas did not rule out action relating to Nord Stream 2, a multibillion-euro Russian-German gas pipeline that is nearing completion.
“I hope that the Russians do not force us to change our position on Nord Stream,” Mr Maas said.
He said the consequences of any cancellation would also need to be considered, while the debate on sanctions should not be reduced to one point.
Mr Maas on Sunday repeated this position, saying it would be “wrong to rule out from the outset” any consequences for Nord Stream 2.
The Navalny case is only the latest in what Berlin considers to be provocations by Moscow that have damaged ties and called future co-operation into question.
The poisoning comes a year after the murder of a former Chechen rebel commander, which German prosecutors believe was ordered by Russia, in a park in Berlin.
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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.”
BUNDESLIGA FIXTURES
Saturday, May 16 (kick-offs UAE time)
Borussia Dortmund v Schalke (4.30pm)
RB Leipzig v Freiburg (4.30pm)
Hoffenheim v Hertha Berlin (4.30pm)
Fortuna Dusseldorf v Paderborn (4.30pm)
Augsburg v Wolfsburg (4.30pm)
Eintracht Frankfurt v Borussia Monchengladbach (7.30pm)
Sunday, May 17
Cologne v Mainz (4.30pm),
Union Berlin v Bayern Munich (7pm)
Monday, May 18
Werder Bremen v Bayer Leverkusen (9.30pm)
Other acts on the Jazz Garden bill
Sharrie Williams
The American singer is hugely respected in blues circles due to her passionate vocals and songwriting. Born and raised in Michigan, Williams began recording and touring as a teenage gospel singer. Her career took off with the blues band The Wiseguys. Such was the acclaim of their live shows that they toured throughout Europe and in Africa. As a solo artist, Williams has also collaborated with the likes of the late Dizzy Gillespie, Van Morrison and Mavis Staples.
Lin Rountree
An accomplished smooth jazz artist who blends his chilled approach with R‘n’B. Trained at the Duke Ellington School of the Arts in Washington, DC, Rountree formed his own band in 2004. He has also recorded with the likes of Kem, Dwele and Conya Doss. He comes to Dubai on the back of his new single Pass The Groove, from his forthcoming 2018 album Stronger Still, which may follow his five previous solo albums in cracking the top 10 of the US jazz charts.
Anita Williams
Dubai-based singer Anita Williams will open the night with a set of covers and swing, jazz and blues standards that made her an in-demand singer across the emirate. The Irish singer has been performing in Dubai since 2008 at venues such as MusicHall and Voda Bar. Her Jazz Garden appearance is career highlight as she will use the event to perform the original song Big Blue Eyes, the single from her debut solo album, due for release soon.
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Key fixtures from January 5-7
Watford v Bristol City
Liverpool v Everton
Brighton v Crystal Palace
Bournemouth v AFC Fylde or Wigan
Coventry v Stoke City
Nottingham Forest v Arsenal
Manchester United v Derby
Forest Green or Exeter v West Brom
Tottenham v AFC Wimbledon
Fleetwood or Hereford v Leicester City
Manchester City v Burnley
Shrewsbury v West Ham United
Wolves v Swansea City
Newcastle United v Luton Town
Fulham v Southampton
Norwich City v Chelsea
More from Neighbourhood Watch:
Winners
Ballon d’Or (Men’s)
Ousmane Dembélé (Paris Saint-Germain / France)
Ballon d’Or Féminin (Women’s)
Aitana Bonmatí (Barcelona / Spain)
Kopa Trophy (Best player under 21 – Men’s)
Lamine Yamal (Barcelona / Spain)
Best Young Women’s Player
Vicky López (Barcelona / Spain)
Yashin Trophy (Best Goalkeeper – Men’s)
Gianluigi Donnarumma (Paris Saint-Germain and Manchester City / Italy)
Best Women’s Goalkeeper
Hannah Hampton (England / Aston Villa and Chelsea)
Men’s Coach of the Year
Luis Enrique (Paris Saint-Germain)
Women’s Coach of the Year
Sarina Wiegman (England)
The biog
Full name: Aisha Abdulqader Saeed
Age: 34
Emirate: Dubai
Favourite quote: "No one has ever become poor by giving"