A health worker disinfects a makeshift quarantine facility near the town of Jisr Al Shughur, west of Idlib. AFP
A health worker disinfects a makeshift quarantine facility near the town of Jisr Al Shughur, west of Idlib. AFP
A health worker disinfects a makeshift quarantine facility near the town of Jisr Al Shughur, west of Idlib. AFP
A health worker disinfects a makeshift quarantine facility near the town of Jisr Al Shughur, west of Idlib. AFP

Coronavirus: first case recorded in Syria’s north-west


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A first case of coronavirus was identified in north-west Syria on Thursday, reviving fears of the pandemic reaching the rebel bastion's refugee camps.

Mahmoud Daher, head of the World Health Organisation's office in Gaziantep, Turkey, said the patient was a male Syrian doctor in his 30s, working in a hospital in Bab Al Hawa, on the Syrian-Turkish border.

"He suspected that he might have contracted Covid-19," Mr Daher said.

The test came back positive on Thursday, he said, confirming it was the first in north-west Syria.

Aid groups have warned that an outbreak of the virus in one of north-west Syria's camps for displaced people could prove devastating. AFP
Aid groups have warned that an outbreak of the virus in one of north-west Syria's camps for displaced people could prove devastating. AFP

"The hospital has been closed as have its living quarters," opposition Health Minister Dr Maram Al Sheikh said.

Those who had been in contact with the patient had been swabbed and isolated, and an emergency meeting was convened, Dr Al Sheikh said on Twitter.

Aid groups have been preparing for months to prevent an outbreak in north-west Syria, where a fragile truce has stemmed a regime offensive against the Idlib region.

The extremist-dominated region is home to about three million people, many living in crowded camps after being forced to flee their homes during nine years of war in Syria.

Mr Daher said the discovery of a first case was "worrying because of the conditions".

"We need to enhance our work with all authorities and service providers to make sure that no further transmission of Covid-19 can happen," he said.

"Otherwise, it might become a real problem."

Syria has officially recorded 372 cases of coronavirus, including 14 deaths in government-held areas.

In the Kurdish-controlled north-east, the UN has recorded six cases including one death.

There are fears the outbreak in the country is much larger than officially reported because of the widespread lack of testing.

_______________

  • Palestinian women walk next to a graffiti painted by artists amid the ongoing Covid-19 pandemic, in Gaza City. EPA
    Palestinian women walk next to a graffiti painted by artists amid the ongoing Covid-19 pandemic, in Gaza City. EPA
  • Iraqis gather at a coffee shop in Erbil, the capital of the autonomous Kurdish region of northern Iraq. AFP
    Iraqis gather at a coffee shop in Erbil, the capital of the autonomous Kurdish region of northern Iraq. AFP
  • Iraqi security forces are deployed to enforce an extended curfew amid the pandemic, in Baghdad. AFP
    Iraqi security forces are deployed to enforce an extended curfew amid the pandemic, in Baghdad. AFP
  • Men walk by covered stalls in the Iraqi capital Baghdad. AFP
    Men walk by covered stalls in the Iraqi capital Baghdad. AFP
  • Palestinian families enjoy their time at the beach amid the ongoing Covid-19 pandemic in Gaza City. EPA
    Palestinian families enjoy their time at the beach amid the ongoing Covid-19 pandemic in Gaza City. EPA
  • Medical staff and patients listen to Ghada Harb, the leader of the Syrian Ghardenia female choir, and the singers of her group as they perform outside of the Children's Hospital in Damascus, Syria, as part of the official 'The culture at your house' initiative aimed at thanking medics and nurses for their efforts in these times of crisis. EPA
    Medical staff and patients listen to Ghada Harb, the leader of the Syrian Ghardenia female choir, and the singers of her group as they perform outside of the Children's Hospital in Damascus, Syria, as part of the official 'The culture at your house' initiative aimed at thanking medics and nurses for their efforts in these times of crisis. EPA
  • Ghada Harb, the leader of the Syrian Ghardenia female choir, and the singers of her group perform outside of the Children's Hospital in Damascus, Syria. EPA
    Ghada Harb, the leader of the Syrian Ghardenia female choir, and the singers of her group perform outside of the Children's Hospital in Damascus, Syria. EPA
  • A woman and her child are sprayed with disinfectant as they enter a nursery after the government eased the coronavirus restrictions in Amman, Jordan. Reuters
    A woman and her child are sprayed with disinfectant as they enter a nursery after the government eased the coronavirus restrictions in Amman, Jordan. Reuters
  • A teacher wearing a protective suit interacts with a child at a nursery after the government eased the coronavirus restrictions in Amman, Jordan. Reuters
    A teacher wearing a protective suit interacts with a child at a nursery after the government eased the coronavirus restrictions in Amman, Jordan. Reuters
  • A woman buys vegetables from a cafe transformed into a fruit and vegetable shop in Cairo, Egypt. Reuters
    A woman buys vegetables from a cafe transformed into a fruit and vegetable shop in Cairo, Egypt. Reuters
  • Egyptians wearing protective face masks stand outside a post office in Cairo, Egypt. EPA
    Egyptians wearing protective face masks stand outside a post office in Cairo, Egypt. EPA
  • Students wearing face masks sit at a classroom at the Tunis Al-Manar university complex in Tunis, Tunisia, after authorities eased measures put in place to prevent the spread of coronavirus pandemic. EPA
    Students wearing face masks sit at a classroom at the Tunis Al-Manar university complex in Tunis, Tunisia, after authorities eased measures put in place to prevent the spread of coronavirus pandemic. EPA
  • Tunisian player Naim Selliti attends a training session at the Elmanzeh stadium in Tunis, Tunisia. Tunisian national football team resumed training on Monday. EPA
    Tunisian player Naim Selliti attends a training session at the Elmanzeh stadium in Tunis, Tunisia. Tunisian national football team resumed training on Monday. EPA
  • A Tunisian public health worker disinfects El Menzah Olympic Stadium in Tunis. EPA
    A Tunisian public health worker disinfects El Menzah Olympic Stadium in Tunis. EPA

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.”

World Series

Game 1: Red Sox 8, Dodgers 4
Game 2: Red Sox 4, Dodgers 2
Game 3: Saturday (UAE)

* if needed

Game 4: Sunday
Game 5: Monday
Game 6: Wednesday
Game 7: Thursday

Company%20profile
%3Cp%3E%3Cstrong%3ECompany%3A%20%3C%2Fstrong%3EWafeq%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EJanuary%202019%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3ENadim%20Alameddine%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%2C%20UAE%3Cstrong%3E%3Cbr%3EIndustry%3A%20%3C%2Fstrong%3Esoftware%20as%20a%20service%3Cbr%3E%3Cstrong%3EFunds%20raised%3A%20%3C%2Fstrong%3E%243%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3ERaed%20Ventures%20and%20Wamda%2C%20among%20others%3C%2Fp%3E%0A
What is an FTO Designation?

FTO designations impose immigration restrictions on members of the organisation simply by virtue of their membership and triggers a criminal prohibition on knowingly providing material support or resources to the designated organisation as well as asset freezes. 

It is a crime for a person in the United States or subject to the jurisdiction of the United States to knowingly provide “material support or resources” to or receive military-type training from or on behalf of a designated FTO.

Representatives and members of a designated FTO, if they are aliens, are inadmissible to and, in certain circumstances removable from, the United States.

Except as authorised by the Secretary of the Treasury, any US financial institution that becomes aware that it has possession of or control over funds in which an FTO or its agent has an interest must retain possession of or control over the funds and report the funds to the Treasury Department.

Source: US Department of State

Your rights as an employee

The government has taken an increasingly tough line against companies that fail to pay employees on time. Three years ago, the Cabinet passed a decree allowing the government to halt the granting of work permits to companies with wage backlogs.

The new measures passed by the Cabinet in 2016 were an update to the Wage Protection System, which is in place to track whether a company pays its employees on time or not.

If wages are 10 days late, the new measures kick in and the company is alerted it is in breach of labour rules. If wages remain unpaid for a total of 16 days, the authorities can cancel work permits, effectively shutting off operations. Fines of up to Dh5,000 per unpaid employee follow after 60 days.

Despite those measures, late payments remain an issue, particularly in the construction sector. Smaller contractors, such as electrical, plumbing and fit-out businesses, often blame the bigger companies that hire them for wages being late.

The authorities have urged employees to report their companies at the labour ministry or Tawafuq service centres — there are 15 in Abu Dhabi.

The%20specs%20
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.0-litre%204cyl%20turbo%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E261hp%20at%205%2C500rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E400Nm%20at%201%2C750-4%2C000rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E7-speed%20dual-clutch%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E10.5L%2F100km%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh129%2C999%20(VX%20Luxury)%3B%20from%20Dh149%2C999%20(VX%20Black%20Gold)%3C%2Fp%3E%0A
NBA Finals results

Game 1: Warriors 124, Cavaliers 114
Game 2: Warriors 122, Cavaliers 103
Game 3: Cavaliers 102, Warriors 110
Game 4: In Cleveland, Sunday (Monday morning UAE)

The specs

Engine: 2.0-litre 4-cylturbo

Transmission: seven-speed DSG automatic

Power: 242bhp

Torque: 370Nm

Price: Dh136,814

Five personal finance podcasts from The National

 

To help you get started, tune into these Pocketful of Dirham episodes 

·

Balance is essential to happiness, health and wealth 

·

What is a portfolio stress test? 

·

What are NFTs and why are auction houses interested? 

·

How gamers are getting rich by earning cryptocurrencies 

·

Should you buy or rent a home in the UAE?  

LAST-16 FIXTURES

Sunday, January 20
3pm: Jordan v Vietnam at Al Maktoum Stadium, Dubai
6pm: Thailand v China at Hazza bin Zayed Stadium, Al Ain
9pm: Iran v Oman at Mohamed bin Zayed Stadium, Abu Dhabi

Monday, January 21
3pm: Japan v Saudi Arabia at Sharjah Stadium
6pm: Australia v Uzbekistan at Khalifa bin Zayed Stadium, Al Ain
9pm: UAE v Kyrgyzstan at Zayed Sports City Stadium, Abu Dhabi

Tuesday, January 22
5pm: South Korea v Bahrain at Rashid Stadium, Dubai
8pm: Qatar v Iraq at Al Nahyan Stadium, Abu Dhabi

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EYango%20Deli%20Tech%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EUAE%0D%3Cbr%3E%3Cstrong%3ELaunch%20year%3A%20%3C%2Fstrong%3E2022%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3ERetail%20SaaS%0D%3Cbr%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3ESelf%20funded%0D%3Cbr%3E%3C%2Fp%3E%0A
Results
%3Cp%3E%3Cstrong%3EStage%202%3A%3C%2Fstrong%3E%3Cbr%3E1.%20Soudal%E2%80%93Quick-Step%20-%2018%E2%80%9911%E2%80%9D%3Cbr%3E2.%20EF%20Education%20%E2%80%93%20EasyPost%20-%201%22%3Cbr%3E3.%20Ineos%20Grenadiers%20-%203%22%3Cbr%3E%3Cstrong%3EGeneral%20classification%3A%3C%2Fstrong%3E%3Cbr%3E1.%20Lucas%20Plapp%20(AUS)%20Ineos%20Grenadiers%3Cbr%3E2.%20Remco%20Evenepoel%20(BEL)%20Soudal%E2%80%93Quick-Step%20-%20ST%3Cbr%3E3.%20Nikias%20Arndt%20(GER)%20Bahrain%20Victorious%20-%203%22%3C%2Fp%3E%0A
UAE currency: the story behind the money in your pockets
ARABIAN GULF LEAGUE FIXTURES

Thursday, September 21
Al Dahfra v Sharjah (kick-off 5.35pm)
Al Wasl v Emirates (8.30pm)

Friday, September 22
Dibba v Al Jazira (5.25pm)
Al Nasr v Al Wahda (8.30pm)

Saturday, September 23
Hatta v Al Ain (5.25pm)
Ajman v Shabab Al Ahli (8.30pm)

if you go

The flights

Etihad, Emirates and Singapore Airlines fly direct from the UAE to Singapore from Dh2,265 return including taxes. The flight takes about 7 hours.

The hotel

Rooms at the M Social Singapore cost from SG $179 (Dh488) per night including taxes.

The tour

Makan Makan Walking group tours costs from SG $90 (Dh245) per person for about three hours. Tailor-made tours can be arranged. For details go to www.woknstroll.com.sg

Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea