Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and International Co-operation, with Bahraini Foreign Minister Abdullatif Al Zayani, left, Israeli Prime Minister Benjamin Netanyahu, second left, and US President Donald Trump at the signing of the Abraham Accords at the White House on September 15, 2020. AFP
Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and International Co-operation, with Bahraini Foreign Minister Abdullatif Al Zayani, left, Israeli Prime Minister Benjamin Netanyahu, second left, and US President Donald Trump at the signing of the Abraham Accords at the White House on September 15, 2020. AFP
Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and International Co-operation, with Bahraini Foreign Minister Abdullatif Al Zayani, left, Israeli Prime Minister Benjamin Netanyahu, second left, and US President Donald Trump at the signing of the Abraham Accords at the White House on September 15, 2020. AFP
Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and International Co-operation, with Bahraini Foreign Minister Abdullatif Al Zayani, left, Israeli Prime Minister Benjamin Netanyahu, second

Anwar Sadat’s nephew: 'this is the time' for broader US peace initiative after breakthrough of Abraham Accord


  • English
  • Arabic

In the wake of the Abraham Accord, a "positive initiative” from the US and Israel towards a comprehensive settlement with the Palestinians would encourage all countries in the Middle East to seriously consider the benefits of peace and normalisation, the nephew of former Egyptian president Anwar Sadat said.

The UAE and Bahrain normalised ties with Israel with the signing of the Abraham Accord at a ceremony hosted by US President Donald Trump on Tuesday, becoming the first Arab countries to do so since Egypt in 1978 and Jordan in 1994.

"From my point of view, I think we are very much welcoming this move. Hopefully, we will see others join. But of course saying this, we shouldn't ignore the fact that we would like, again to see a real comprehensive settlement for the main goals, which is the Palestinian [Israeli] conflict," Mohamed Anwar Sadat said in an interview with The National.

The UAE's decision to normalise ties was announced last month after a call between Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, Mr Trump and Israeli Prime Minister Benjamin Netanyahu. As part of the deal, Israel agreed to halt the planned annexation of Palestinian territories in return for establishing relations with the UAE.

Presenting fresh proposals for a two-state solution, or even a single state with equal rights for Palestinians, would create momentum for peace and prosperity across the Middle East, Mr Sadat, 65, told The National from Cairo where he lives and is leading his political party in the Egyptian parliamentary elections.

“This is the only way whereby we will, let’s say, pull down the fences between all the people of our region,” he said.

“I would love to see all of us in this part of the world, living side by side in peace whereby we could make use of all the capabilities which Israel has [such as] technology, a lot of things which we all need [like] agriculture, irrigation, a lot of things we can really co-ordinate [over].”

  • Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and International Co-operation, speaks to Donald Trump, US president at the time, and Israeli Prime Minister Benjamin Netanyahu in the Oval Office in September 2020. Ministry of Foreign Affairs and International Co-operation
    Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and International Co-operation, speaks to Donald Trump, US president at the time, and Israeli Prime Minister Benjamin Netanyahu in the Oval Office in September 2020. Ministry of Foreign Affairs and International Co-operation
  • Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and International Co-operation, meets Mike Pompeo, US secretary of state at the time. Wam
    Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and International Co-operation, meets Mike Pompeo, US secretary of state at the time. Wam
  • Sheikh Abdullah and Mr Pompeo in Washington. Wam
    Sheikh Abdullah and Mr Pompeo in Washington. Wam
  • Sheikh Abdullah visits Washington in September last year. Wam
    Sheikh Abdullah visits Washington in September last year. Wam
  • Sheikh Abdullah, UAE Minister of Foreign Affairs and International Co-operation, US President Donald Trump, centre, and Israeli Prime Minister Benjamin Netanyahu sign the Abraham Accord at the White House South Lawn. MOFAIC
    Sheikh Abdullah, UAE Minister of Foreign Affairs and International Co-operation, US President Donald Trump, centre, and Israeli Prime Minister Benjamin Netanyahu sign the Abraham Accord at the White House South Lawn. MOFAIC
  • Sheikh Abdullah and, from left, Bahrain's Foreign Minister Abdullatif Al Zayani, Israeli Prime Minister Benjamin Netanyahu and US President Donald Trump at the White House. MOFAIC
    Sheikh Abdullah and, from left, Bahrain's Foreign Minister Abdullatif Al Zayani, Israeli Prime Minister Benjamin Netanyahu and US President Donald Trump at the White House. MOFAIC
  • Sheikh Abdullah, Mr Al Zayani and Mr Netanyahu at the White House during the Abraham Accord signing ceremony. MOFAIC
    Sheikh Abdullah, Mr Al Zayani and Mr Netanyahu at the White House during the Abraham Accord signing ceremony. MOFAIC
  • Sheikh Abdullah and, from left, Mr Netanyahu, Mr Trump and Mr Al Zayani wave from the Truman Balcony at the White House. AFP
    Sheikh Abdullah and, from left, Mr Netanyahu, Mr Trump and Mr Al Zayani wave from the Truman Balcony at the White House. AFP
  • Sheikh Abdullah and, from left, Mr Al Zayani, Mr Netanyahu and Mr Trump sign the Abraham Accord. AFP
    Sheikh Abdullah and, from left, Mr Al Zayani, Mr Netanyahu and Mr Trump sign the Abraham Accord. AFP
  • Sheikh Abdullah and, from left, Mr Al Zayani, Mr Netanyahu and Mr Trump after the signing ceremony. AFP
    Sheikh Abdullah and, from left, Mr Al Zayani, Mr Netanyahu and Mr Trump after the signing ceremony. AFP
  • Sheikh Abdullah and, from left, Mr Al Zayani, Mr Netanyahu and Mr Trump after the signing ceremony. AFP
    Sheikh Abdullah and, from left, Mr Al Zayani, Mr Netanyahu and Mr Trump after the signing ceremony. AFP
  • Sheikh Abdullah speaks from the Truman Balcony at the White House during the signing ceremony of the Abraham Accord. AFP
    Sheikh Abdullah speaks from the Truman Balcony at the White House during the signing ceremony of the Abraham Accord. AFP
  • Sheikh Abdullah speaks as Mr Trump looks on before the signing of Abraham Accord on the South Lawn of the White House. AP
    Sheikh Abdullah speaks as Mr Trump looks on before the signing of Abraham Accord on the South Lawn of the White House. AP
  • Sheikh Abdullah looks on from the White House as Mr Trump speaks at the Abraham Accord signing ceremony, also attended by Mr Al Zayani and Mr Netanyahu. AP
    Sheikh Abdullah looks on from the White House as Mr Trump speaks at the Abraham Accord signing ceremony, also attended by Mr Al Zayani and Mr Netanyahu. AP
  • Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and International Co-operation, Israeli Prime Minister Benjamin Netanyahu, left, and Bahraini Foreign Minister Abdullatif Al Zayani stand on the Blue Room Balcony during the signing ceremony. AP
    Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and International Co-operation, Israeli Prime Minister Benjamin Netanyahu, left, and Bahraini Foreign Minister Abdullatif Al Zayani stand on the Blue Room Balcony during the signing ceremony. AP
  • Sheikh Abdullah and Mr Al Zayani shortly before participating in the signing of the Abraham Accord. AFP
    Sheikh Abdullah and Mr Al Zayani shortly before participating in the signing of the Abraham Accord. AFP
  • Sheikh Abdullah, with Mr Netanyahu, left, and Mr Al Zayani at the signing of the Abraham Accord on the South Lawn of the White House. AFP
    Sheikh Abdullah, with Mr Netanyahu, left, and Mr Al Zayani at the signing of the Abraham Accord on the South Lawn of the White House. AFP
  • US President Donald Trump speaks from the Truman Balcony at the White House during the signing ceremony of the Abraham Accord. AFP
    US President Donald Trump speaks from the Truman Balcony at the White House during the signing ceremony of the Abraham Accord. AFP
  • President Donald Trump walks to the Abraham Accord signing ceremony at the White House with Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and International Co-operation, Israeli Prime Minister Benjamin Netanyahu, and Bahrain's Foreign Minister Abdullatif Al Zayani. AP
    President Donald Trump walks to the Abraham Accord signing ceremony at the White House with Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and International Co-operation, Israeli Prime Minister Benjamin Netanyahu, and Bahrain's Foreign Minister Abdullatif Al Zayani. AP
  • US Secretary of State Mike Pompeo arrives at the White House to attend the Abraham Accord signing ceremony hosted by President Donald Trump. EPA
    US Secretary of State Mike Pompeo arrives at the White House to attend the Abraham Accord signing ceremony hosted by President Donald Trump. EPA
  • Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and International Co-operation, meets US President Donald Trump in the Oval Office of the White House before the signing of Abraham Accord. AFP
    Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and International Co-operation, meets US President Donald Trump in the Oval Office of the White House before the signing of Abraham Accord. AFP
  • Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and International Co-operation, in the Oval Office. AFP
    Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and International Co-operation, in the Oval Office. AFP
  • Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and International Co-operation, meets US President Donald Trump in the Oval Office of the White House. AFP
    Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and International Co-operation, meets US President Donald Trump in the Oval Office of the White House. AFP
  • Sheikh Abdullah with Mr Trump in the Oval Office. AFP
    Sheikh Abdullah with Mr Trump in the Oval Office. AFP
  • Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and International Co-operation, with by President Donald Trump at the White House. Mustafa Alrawi / The National
    Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and International Co-operation, with by President Donald Trump at the White House. Mustafa Alrawi / The National
  • The UAE delegation led by Sheikh Abdullah bin Zayed, Minister of Foreign Affairs and International Co-operation, with US President Donald Trump at the White House. Mustafa Alrawi / The National
    The UAE delegation led by Sheikh Abdullah bin Zayed, Minister of Foreign Affairs and International Co-operation, with US President Donald Trump at the White House. Mustafa Alrawi / The National
  • Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and International Co-operation, is welcomed to the White House by US President Donald Trump. EPA
    Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and International Co-operation, is welcomed to the White House by US President Donald Trump. EPA
  • Sheikh Abdullah and Mr Trump outside the White House. AFP
    Sheikh Abdullah and Mr Trump outside the White House. AFP
  • Sheikh Abdullah bin Zayed speaks to Mr Trump after arriving at the White House. Reuters
    Sheikh Abdullah bin Zayed speaks to Mr Trump after arriving at the White House. Reuters
  • White House Senior Adviser Jared Kushner walks away following a television interview on the North Lawn at the White House in Washington. Reuters
    White House Senior Adviser Jared Kushner walks away following a television interview on the North Lawn at the White House in Washington. Reuters
  • US President Donald Trump and First Lady Melania Trump welcome the arrival of Prime Minister of Israel Benjamin Netanyahu and his wife Sara on the North Lawn of the White House in Washington DC. AFP
    US President Donald Trump and First Lady Melania Trump welcome the arrival of Prime Minister of Israel Benjamin Netanyahu and his wife Sara on the North Lawn of the White House in Washington DC. AFP
  • A delegation of senior UAE officials led by Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and International Co-operation, prepares to depart for the White House to sign the Abraham Accord. MOFAIC
    A delegation of senior UAE officials led by Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and International Co-operation, prepares to depart for the White House to sign the Abraham Accord. MOFAIC
  • US President Donald Trump welcomes Bahraini Foreign Minister Abdullatif Al Zayani. AFP
    US President Donald Trump welcomes Bahraini Foreign Minister Abdullatif Al Zayani. AFP
  • Bahraini Foreign Minister Abdullatif Al Zayani arrives at the White House in Washington DC. AFP
    Bahraini Foreign Minister Abdullatif Al Zayani arrives at the White House in Washington DC. AFP
  • US President Donald Trump welcomes Bahraini Foreign Minister Abdullatif Al Zayani on the North Lawn of the White House in Washington, DC. AFP
    US President Donald Trump welcomes Bahraini Foreign Minister Abdullatif Al Zayani on the North Lawn of the White House in Washington, DC. AFP
  • Preparations at the White House for the signing of the Abraham Accord.
    Preparations at the White House for the signing of the Abraham Accord.
  • Preparations under way at the White House for the signing of the Abraham Accord.
    Preparations under way at the White House for the signing of the Abraham Accord.
  • Preparations under way at the White House for the signing of the Abraham Accord.
    Preparations under way at the White House for the signing of the Abraham Accord.
  • Preparation at the White House for the signing of the Abraham Accord. The National
    Preparation at the White House for the signing of the Abraham Accord. The National

Egypt’s peace deal with Israel, signed by Anwar Sadat at Camp David in 1978, has led to a "cold peace" only between governments but not “people to people” peace, he said.

“So we are actually losing chances, opportunities. And we never learned from history. So this is the time I think we would love to see whether the Americans or the Israelis try to come up with something solid, whereby we all in the other countries say to the Palestinians: this is what is available, this is the best we can have. Let's sit and come to a final comprehensive settlement and we live all in peace.”

Anwar Sadat made history by travelling to Jerusalem and speaking to the Israeli parliament in 1977 and signing the Camp David Accords in 1978. He was awarded the Nobel Peace Prize that year, but in 1981 he was assassinated by an Egyptian Islamist extremist for making peace with Israel.

His nephew fears that the same forces will foment instability if no comprehensive peace is reached now. Iran and extremist groups “are not happy” about the accords, but could be neutralised if the US and Israel move quickly to bring the Palestinians to the table, Mr Sadat said.

“We would like to see Israel also to come up with something … tell us how we can reach a solution … where at least we could somehow corner the Palestinians, we could make pressure on the Palestinians to tell them take it.”

Resolving the Palestinian-Israeli conflict would create the conditions for a “warm peace” between neighbours which is even more critical during the current pandemic.

“We need each other nowadays, you know. You'll have seen what happened with this Covid-19 and how much the whole world was really in need of coming together, helping, trying to find a way to have a vaccine trying to support each other. We need this. And we know that Israel is part of this world, and we need to find ways and means, but they also have to understand that they should give up a little bit, they should show some flexibility.”

Asked if the US brokering of the agreements signed this week would boost its political clout in the Middle East, Mr Sadat was sceptical. He said the geopolitical field involving new powers such as Russia and China would continue to hold, given the relations they have built in the region.

Expert advice

“Join in with a group like Cycle Safe Dubai or TrainYAS, where you’ll meet like-minded people and always have support on hand.”

Stewart Howison, co-founder of Cycle Safe Dubai and owner of Revolution Cycles

“When you sweat a lot, you lose a lot of salt and other electrolytes from your body. If your electrolytes drop enough, you will be at risk of cramping. To prevent salt deficiency, simply add an electrolyte mix to your water.”

Cornelia Gloor, head of RAK Hospital’s Rehabilitation and Physiotherapy Centre 

“Don’t make the mistake of thinking you can ride as fast or as far during the summer as you do in cooler weather. The heat will make you expend more energy to maintain a speed that might normally be comfortable, so pace yourself when riding during the hotter parts of the day.”

Chandrashekar Nandi, physiotherapist at Burjeel Hospital in Dubai
 

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

PROFILE OF INVYGO

Started: 2018

Founders: Eslam Hussein and Pulkit Ganjoo

Based: Dubai

Sector: Transport

Size: 9 employees

Investment: $1,275,000

Investors: Class 5 Global, Equitrust, Gulf Islamic Investments, Kairos K50 and William Zeqiri

MOUNTAINHEAD REVIEW

Starring: Ramy Youssef, Steve Carell, Jason Schwartzman

Director: Jesse Armstrong

Rating: 3.5/5

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

SPECS
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%201.5-litre%204-cylinder%3Cbr%3E%3Cstrong%3EPower%3A%3C%2Fstrong%3E%20101hp%3Cbr%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20135Nm%3Cbr%3E%3Cstrong%3ETransmission%3C%2Fstrong%3E%3A%20Six-speed%20auto%3Cbr%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20From%20Dh79%2C900%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20Now%3C%2Fp%3E%0A
Results

5pm: Wadi Nagab – Maiden (PA) Dh80,000 (Turf) 1,200m; Winner: Al Falaq, Antonio Fresu (jockey), Ahmed Al Shemaili (trainer)

5.30pm: Wadi Sidr – Handicap (PA) Dh80,000 (T) 1,200m; Winner: AF Majalis, Tadhg O’Shea, Ernst Oertel

6pm: Wathba Stallions Cup – Handicap (PA) Dh70,000 (T) 2,200m; Winner: AF Fakhama, Fernando Jara, Mohamed Daggash

6.30pm: Wadi Shees – Handicap (PA) Dh80,000 (T) 2,200m; Winner: Mutaqadim, Antonio Fresu, Ibrahim Al Hadhrami

7pm: Arabian Triple Crown Round-1 – Listed (PA) Dh230,000 (T) 1,600m; Winner: Bahar Muscat, Antonio Fresu, Ibrahim Al Hadhrami

7.30pm: Wadi Tayyibah – Maiden (TB) Dh80,000 (T) 1,600m; Winner: Poster Paint, Patrick Cosgrave, Bhupat Seemar

Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants

Quick pearls of wisdom

Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”

Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.” 

Naga
%3Cp%3E%3Cstrong%3EDirector%3A%C2%A0%3C%2Fstrong%3EMeshal%20Al%20Jaser%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%C2%A0%3C%2Fstrong%3EAdwa%20Bader%2C%20Yazeed%20Almajyul%2C%20Khalid%20Bin%20Shaddad%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E4%2F5%3C%2Fp%3E%0A
Abu Dhabi Equestrian Club race card

5pm: Abu Dhabi Fillies Classic (PA) Prestige; Dh110,000; 1,400m
5.30pm: Abu Dhabi Colts Classic (PA) Prestige; Dh110,000; 1,400m
6pm: Maiden (PA); Dh80,000; 1,600m
6.30pm: Abu Dhabi Championship (PA) Listed; Dh180,000; 1,600m
7pm: Wathba Stallions Cup (PA) Handicap; Dh70,000; 2,200m
7.30pm: Handicap (PA); Dh100,000; 2,400m

Company%C2%A0profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3Eamana%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2010%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Karim%20Farra%20and%20Ziad%20Aboujeb%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EUAE%3Cbr%3E%3Cstrong%3ERegulator%3A%20%3C%2Fstrong%3EDFSA%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinancial%20services%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3E85%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ESelf-funded%3Cbr%3E%3C%2Fp%3E%0A
Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
Gran Gala del Calcio 2019 winners

Best Player: Cristiano Ronaldo (Juventus)
Best Coach: Gian Piero Gasperini (Atalanta)
Best Referee: Gianluca Rocchi
Best Goal: Fabio Quagliarella (Sampdoria vs Napoli)
Best Team: Atalanta​​​​​​​
Best XI: Samir Handanovic (Inter); Aleksandar Kolarov (Roma), Giorgio Chiellini (Juventus), Kalidou Koulibaly (Napoli), Joao Cancelo (Juventus*); Miralem Pjanic (Juventus), Josip Ilicic (Atalanta), Nicolo Barella (Cagliari*); Fabio Quagliarella (Sampdoria), Cristiano Ronaldo (Juventus), Duvan Zapata (Atalanta)
Serie B Best Young Player: Sandro Tonali (Brescia)
Best Women’s Goal: Thaisa (Milan vs Juventus)
Best Women’s Player: Manuela Giugliano (Milan)
Best Women’s XI: Laura Giuliani (Milan); Alia Guagni (Fiorentina), Sara Gama (Juventus), Cecilia Salvai (Juventus), Elisa Bartoli (Roma); Aurora Galli (Juventus), Manuela Giugliano (Roma), Valentina Cernoia (Juventus); Valentina Giacinti (Milan), Ilaria Mauro (Fiorentina), Barbara Bonansea (Juventus)

Real Madrid 1
Ronaldo (87')

Athletic Bilbao 1
Williams (14')

Story of 2017-18 so far and schedule to come

Roll of Honour

Who has won what so far in the West Asia rugby season?

 

Western Clubs Champions League

Winners: Abu Dhabi Harlequins

Runners up: Bahrain

 

Dubai Rugby Sevens

Winners: Dubai Exiles

Runners up: Jebel Ali Dragons

 

West Asia Premiership

Winners: Jebel Ali Dragons

Runners up: Abu Dhabi Harlequins

 

UAE Premiership Cup

Winners: Abu Dhabi Harlequins

Runners up: Dubai Exiles

 

Fixtures

Friday

West Asia Cup final

5pm, Bahrain (6pm UAE time), Bahrain v Dubai Exiles

 

West Asia Trophy final

3pm, The Sevens, Dubai Hurricanes v Dubai Sports City Eagles

 

Friday, April 13

UAE Premiership final

5pm, Al Ain, Dubai Exiles v Abu Dhabi Harlequins

THE BIO

Ambition: To create awareness among young about people with disabilities and make the world a more inclusive place

Job Title: Human resources administrator, Expo 2020 Dubai

First jobs: Co-ordinator with Magrudy Enterprises; HR coordinator at Jumeirah Group

Entrepreneur: Started his own graphic design business

Favourite singer: Avril Lavigne

Favourite travel destination: Germany and Saudi Arabia

Family: Six sisters

UAE currency: the story behind the money in your pockets
It Was Just an Accident

Director: Jafar Panahi

Stars: Vahid Mobasseri, Mariam Afshari, Ebrahim Azizi, Hadis Pakbaten, Majid Panahi, Mohamad Ali Elyasmehr

Rating: 4/5

Dhadak 2

Director: Shazia Iqbal

Starring: Siddhant Chaturvedi, Triptii Dimri 

Rating: 1/5

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.”

Russia's Muslim Heartlands

Dominic Rubin, Oxford

CHATGPT%20ENTERPRISE%20FEATURES
%3Cp%3E%E2%80%A2%20Enterprise-grade%20security%20and%20privacy%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Unlimited%20higher-speed%20GPT-4%20access%20with%20no%20caps%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Longer%20context%20windows%20for%20processing%20longer%20inputs%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Advanced%20data%20analysis%20capabilities%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Customisation%20options%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Shareable%20chat%20templates%20that%20companies%20can%20use%20to%20collaborate%20and%20build%20common%20workflows%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Analytics%20dashboard%20for%20usage%20insights%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Free%20credits%20to%20use%20OpenAI%20APIs%20to%20extend%20OpenAI%20into%20a%20fully-custom%20solution%20for%20enterprises%3C%2Fp%3E%0A

British Grand Prix free practice times in the third and final session at Silverstone on Saturday (top five):

1. Lewis Hamilton (GBR/Mercedes) 1:28.063 (18 laps)

2. Sebastian Vettel (GER/Ferrari) 1:28.095 (14)

3. Valtteri Bottas (FIN/Mercedes) 1:28.137 (20)

4. Kimi Raikkonen (FIN/Ferrari) 1:28.732 (15)

5. Nico Hulkenberg (GER/Renault)  1:29.480 (14)

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

Citadel: Honey Bunny first episode

Directors: Raj & DK

Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon

Rating: 4/5

Lexus LX700h specs

Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

Torque: 790Nm from 2,000-3,600rpm

Transmission: 10-speed auto

Fuel consumption: 11.7L/100km

On sale: Now

Price: From Dh590,000

Match info:

Wolves 1
Boly (57')

Manchester City 1
Laporte (69')

SHAITTAN
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EVikas%20Bahl%3Cbr%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3EAjay%20Devgn%2C%20R.%20Madhavan%2C%20Jyothika%2C%20Janaki%20Bodiwala%3Cbr%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E3%2F5%3C%2Fp%3E%0A

The Florida Project

Director: Sean Baker

Starring: Bria Vinaite, Brooklynn Prince, Willem Dafoe

Four stars

The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
Squad

Ali Kasheif, Salim Rashid, Khalifa Al Hammadi, Khalfan Mubarak, Ali Mabkhout, Omar Abdulrahman, Mohammed Al Attas, Abdullah Ramadan, Zayed Al Ameri (Al Jazira), Mohammed Al Shamsi, Hamdan Al Kamali, Mohammed Barghash, Khalil Al Hammadi (Al Wahda), Khalid Essa, Mohammed Shaker, Ahmed Barman, Bandar Al Ahbabi (Al Ain), Al Hassan Saleh, Majid Suroor (Sharjah) Walid Abbas, Ahmed Khalil (Shabab Al Ahli), Tariq Ahmed, Jasim Yaqoub (Al Nasr), Ali Saleh, Ali Salmeen (Al Wasl), Hassan Al Muharami (Baniyas)