Democratic presidential nominee Hillary Clinton addresses delegates on the fourth and final night of the Democratic National Convention in Philadelphia. Robyn Beck / AFP Photo
Democratic presidential nominee Hillary Clinton addresses delegates on the fourth and final night of the Democratic National Convention in Philadelphia. Robyn Beck / AFP Photo

Hillary Clinton accepts historic nomination: ‘I’ll be president for all Americans’



PHILADELPHIA // Hillary Clinton claimed her place in history on Thursday as she became the first woman presidential nominee of a major US party, promising economic opportunity for all and rejecting Donald Trump’s dark picture of America.

The former secretary of state, her hand on her heart, received ecstatic cheers from thousands of delegates as she strode into the Democratic National Convention in Philadelphia and then pledged to be a president for “all Americans”.

Well aware that she needed to connect with voters in her biggest moment on the national stage, Mrs Clinton, 68, took aim at her Republican opponent and slammed him as a fear-monger with no policy credibility.

She repeated the convention’s theme of “stronger together”, declaring that her lifelong goal has been to ensure that Americans can use their talent and ambition to help make the nation stronger.

“And so it is with humility, determination, and boundless confidence in America’s promise, that I accept your nomination for president of the United States,” she said.

“Herstory,” read a handwritten sign held up by a delegate.

She also acknowledged her image problem. “Some people just don’t know what to make of me,” she said with a frankness that is unusual in American politics.“The truth is, through all of these years of public service, the service part has always come more easily to me than the public part.” She admitted she was pedantic, but explained why. “It’s true,” she said. Whether it was the amount of lead permissible in drinking water or the cost of prescription drugs, “I sweat the details. It’s not just a detail if it’s your kid, if it’s your family.”

Her daughter Chelsea, who introduced her described Mrs Clinton as a mother who took breaks from politics to read her “Goodnight Moon” and a grandmother who reads “Chugga Chugga Choo Choo” to her granddaughter.

Mrs Clinton’s moment in the spotlight came eight years later than she might have hoped — in her first White House campaign, she was defeated in 2008 in her party’s primary race by Barack Obama.

In an hour-long prime time address, she laid out plans to improve the US economy, stressing that “my primary mission as president will be to create more opportunity and more good jobs with rising wages.”

Her efforts will focus particularly on places “that for too long have been left out and left behind, from our inner cities to our small towns, Indian Country to Coal Country,” she said.

And in a bold admission for a candidate seeking in large part to build on Mr Obama’s policies, she said the economy “is not yet working the way it should”.

After a bruising primary campaign against self-declared democratic socialist Bernie Sanders, and even as she savaged and mocked Mr Trump, Mrs Clinton extended an olive branch of sorts to her sceptics and critics.

“I will carry all of your voices and stories with me to the White House,” she said, adding that her administration would incorporate several policies pushed by Mr Sanders.

“I will be a president for Democrats, Republicans, and independents,” she added. “For the struggling, the striving and the successful. For those who vote for me and those who don’t. For all Americans.”

Throughout her speech, pockets of revolt emerged, mainly Mr Sanders supporters who shouted out in protest but were quickly drowned out by Mrs Clinton supporters chanting “Hillary! Hillary!”

The four-day Democratic convention in Philadelphia has been a parade of party heavyweights — and some independents — who have all stressed that the former first lady and US senator is uniquely qualified to be commander-in-chief.

Mr Obama led the charge on Wednesday, stirringly hailing Clinton as his political heir — and tweeting after her Thursday speech that “she’s tested. She’s ready. She never quits.”

Mrs Clinton spoke of the strains that have been placed on US society during the toxic year-long campaign that has featured heated rhetoric from Mr Trump and other candidates.

“Powerful forces are threatening to pull us apart. Bonds of trust and respect are fraying,” Mrs Clinton said.

“We are clear-eyed about what our country is up against. But we are not afraid. We will rise to the challenge, just as we always have.”

She also rejected much of the Trump rhetoric that has been a constant on the trail, and his policies that critics warn discriminate against some Americans and would make the country less safe.

“He loses his cool at the slightest provocation,” Mrs Clinton said. “A man you can bait with a tweet is not a man we can trust with nuclear weapons.”

The pair will face off in their first presidential debate in late September.

Mrs Clinton faces a major trust deficit among a US public that has followed every Clintonian turn of the past quarter century. Rocked by an email scandal that refuses to die, she is now about as unpopular with voters as her Republican rival.

Her remarks signal a plan to focus attention on down-and-out communities that have felt ignored by the slow and erratic economic recovery.

After her speech, Mrs Clinton and running mate Tim Kaine will seek to carry her momentum straight onto the campaign trail on Friday, taking a three-day bus tour into Rust Belt communities in swing states Pennsylvania and Ohio.

Helping Mrs Clinton with her task of appearing as the steady hand at the tiller were retired US military generals, lawmakers and even Republicans furious over the rise of Trump.

While Mrs Clinton must play to the party’s base — and seek to soothe bruised Bernie Sanders supporters — a key mission was to appeal to crossover voters and independents wary of Mr Trump.

In a moment designed to appeal to both gun control advocates and more conservative voters, Clinton forcefully said: “I’m not here to take away your guns.

“I just don’t want you to be shot by someone who shouldn’t have a gun in the first place.”

But she spent considerable energy berating her November election rival, saying no Americans should trust a candidate who pledges that “I alone can fix it,” as Mr Trump said last week in Cleveland.

“Enough with the bigotry and bombast. Donald Trump’s not offering real change,” she said. as she suggested that the unprecedented ascent of her rival might be a unique moment in US history.

“Here’s the sad truth. There is no other Donald Trump. This is it.”

With the conventions now over and 101 more days to go before the elections, both candidates headed straight back on to the campaign trail on Friday hoping to capitalise on successful convention performances. Mrs Clinton will take her vice presidential running mate Tim Kaine on a bus journey through Pennsylvania and Ohio. The so-called “rust belt” states are vital parts of almost any strategy to garner the 270 electoral college votes needed to win the presidency.

Both parties are deeply divided and led by profoundly unpopular figures with approval ratings below 40 per cent.

Both conventions featured withering personal barbs, with Republicans in Cleveland chanting “lock her up” against Clinton and Democrats in Philadelphia painting Trump as an authoritarian and threat to US democracy.

Experts predict that “negative partisanship” -- voting against a candidate, rather than for a candidate — will play a major role in deciding who makes it to the White House.

Trump meanwhile will be in Colorado, another battleground state, where his plan to build a wall on the Mexican border could resonate with angry white voters but turn Hispanic voters away in droves.

* Agence France-Presse

Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

Tailors and retailers miss out on back-to-school rush

Tailors and retailers across the city said it was an ominous start to what is usually a busy season for sales.
With many parents opting to continue home learning for their children, the usual rush to buy school uniforms was muted this year.
“So far we have taken about 70 to 80 orders for items like shirts and trousers,” said Vikram Attrai, manager at Stallion Bespoke Tailors in Dubai.
“Last year in the same period we had about 200 orders and lots of demand.
“We custom fit uniform pieces and use materials such as cotton, wool and cashmere.
“Depending on size, a white shirt with logo is priced at about Dh100 to Dh150 and shorts, trousers, skirts and dresses cost between Dh150 to Dh250 a piece.”

A spokesman for Threads, a uniform shop based in Times Square Centre Dubai, said customer footfall had slowed down dramatically over the past few months.

“Now parents have the option to keep children doing online learning they don’t need uniforms so it has quietened down.”

How to avoid crypto fraud
  • Use unique usernames and passwords while enabling multi-factor authentication.
  • Use an offline private key, a physical device that requires manual activation, whenever you access your wallet.
  • Avoid suspicious social media ads promoting fraudulent schemes.
  • Only invest in crypto projects that you fully understand.
  • Critically assess whether a project’s promises or returns seem too good to be true.
  • Only use reputable platforms that have a track record of strong regulatory compliance.
  • Store funds in hardware wallets as opposed to online exchanges.
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Revibe%20%0D%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202022%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Hamza%20Iraqui%20and%20Abdessamad%20Ben%20Zakour%20%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%20%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Refurbished%20electronics%20%0D%3Cbr%3E%3Cstrong%3EFunds%20raised%20so%20far%3A%3C%2Fstrong%3E%20%2410m%20%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFlat6Labs%2C%20Resonance%20and%20various%20others%0D%3C%2Fp%3E%0A
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

The Sand Castle

Director: Matty Brown

Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

Rating: 2.5/5

yallacompare profile

Date of launch: 2014

Founder: Jon Richards, founder and chief executive; Samer Chebab, co-founder and chief operating officer, and Jonathan Rawlings, co-founder and chief financial officer

Based: Media City, Dubai 

Sector: Financial services

Size: 120 employees

Investors: 2014: $500,000 in a seed round led by Mulverhill Associates; 2015: $3m in Series A funding led by STC Ventures (managed by Iris Capital), Wamda and Dubai Silicon Oasis Authority; 2019: $8m in Series B funding with the same investors as Series A along with Precinct Partners, Saned and Argo Ventures (the VC arm of multinational insurer Argo Group)

Paatal Lok season two

Directors: Avinash Arun, Prosit Roy 

Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong

Rating: 4.5/5

EMIRATES'S%20REVISED%20A350%20DEPLOYMENT%20SCHEDULE
%3Cp%3E%3Cstrong%3EEdinburgh%3A%3C%2Fstrong%3E%20November%204%20%3Cem%3E(unchanged)%3C%2Fem%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBahrain%3A%3C%2Fstrong%3E%20November%2015%20%3Cem%3E(from%20September%2015)%3C%2Fem%3E%3B%20second%20daily%20service%20from%20January%201%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EKuwait%3A%3C%2Fstrong%3E%20November%2015%20%3Cem%3E(from%20September%2016)%3C%2Fem%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMumbai%3A%3C%2Fstrong%3E%20January%201%20%3Cem%3E(from%20October%2027)%3C%2Fem%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EAhmedabad%3A%3C%2Fstrong%3E%20January%201%20%3Cem%3E(from%20October%2027)%3C%2Fem%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EColombo%3A%3C%2Fstrong%3E%20January%202%20%3Cem%3E(from%20January%201)%3C%2Fem%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMuscat%3A%3C%2Fstrong%3E%3Cem%3E%20%3C%2Fem%3EMarch%201%3Cem%3E%20(from%20December%201)%3C%2Fem%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ELyon%3A%3C%2Fstrong%3E%20March%201%20%3Cem%3E(from%20December%201)%3C%2Fem%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBologna%3A%3C%2Fstrong%3E%20March%201%20%3Cem%3E(from%20December%201)%3C%2Fem%3E%3C%2Fp%3E%0A%3Cp%3E%3Cem%3ESource%3A%20Emirates%3C%2Fem%3E%3C%2Fp%3E%0A
How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

Founder: Ayman Badawi

Date started: Test product September 2016, paid launch January 2017

Based: Dubai, UAE

Sector: Software

Size: Seven employees

Funding: $170,000 in angel investment

Funders: friends

Cryopreservation: A timeline
  1. Keyhole surgery under general anaesthetic
  2. Ovarian tissue surgically removed
  3. Tissue processed in a high-tech facility
  4. Tissue re-implanted at a time of the patient’s choosing
  5. Full hormone production regained within 4-6 months
Other workplace saving schemes
  • The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
  • Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
  • National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
  • In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
  • Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.

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.”

Sheikh Zayed's poem

When it is unveiled at Abu Dhabi Art, the Standing Tall exhibition will appear as an interplay of poetry and art. The 100 scarves are 100 fragments surrounding five, figurative, female sculptures, and both sculptures and scarves are hand-embroidered by a group of refugee women artisans, who used the Palestinian cross-stitch embroidery art of tatreez. Fragments of Sheikh Zayed’s poem Your Love is Ruling My Heart, written in Arabic as a love poem to his nation, are embroidered onto both the sculptures and the scarves. Here is the English translation.

Your love is ruling over my heart

Your love is ruling over my heart, even a mountain can’t bear all of it

Woe for my heart of such a love, if it befell it and made it its home

You came on me like a gleaming sun, you are the cure for my soul of its sickness

Be lenient on me, oh tender one, and have mercy on who because of you is in ruins

You are like the Ajeed Al-reem [leader of the gazelle herd] for my country, the source of all of its knowledge

You waddle even when you stand still, with feet white like the blooming of the dates of the palm

Oh, who wishes to deprive me of sleep, the night has ended and I still have not seen you

You are the cure for my sickness and my support, you dried my throat up let me go and damp it

Help me, oh children of mine, for in his love my life will pass me by. 

COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
FIVE%20TRENDS%20THAT%20WILL%20SHAPE%20UAE%20BANKING
%3Cp%3E%E2%80%A2%20The%20digitisation%20of%20financial%20services%20will%20continue%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Managing%20and%20using%20data%20effectively%20will%20become%20a%20competitive%20advantage%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Digitisation%20will%20require%20continued%20adjustment%20of%20operating%20models%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Banks%20will%20expand%20their%20role%20in%20the%20customer%20life%20through%20ecosystems%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20The%20structure%20of%20the%20sector%20will%20change%3C%2Fp%3E%0A
Long read

Mageed Yahia, director of WFP in UAE: Coronavirus knows no borders, and neither should the response