Jordan's King Abdullah II (R) with Palestinian President Mahmoud Abbas at the Royal Palace in Amman on Thursday, Dec. 7, 2017. Khalil Mazraawi/Pool photo via AP
Jordan's King Abdullah II (R) with Palestinian President Mahmoud Abbas at the Royal Palace in Amman on Thursday, Dec. 7, 2017. Khalil Mazraawi/Pool photo via AP
Jordan's King Abdullah II (R) with Palestinian President Mahmoud Abbas at the Royal Palace in Amman on Thursday, Dec. 7, 2017. Khalil Mazraawi/Pool photo via AP
Jordan's King Abdullah II (R) with Palestinian President Mahmoud Abbas at the Royal Palace in Amman on Thursday, Dec. 7, 2017. Khalil Mazraawi/Pool photo via AP

Jordanians call for annulment of peace treaty with Israel as King Abdullah meets Palestinian leader


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Jordan’s foreign minister Ayman Safadi  on Thursday said America's recognition of Jerusalem as the capital of Israel would "frustrate" peace efforts and provoke Muslims and Christians across the Arab world.

"Jordan rejects [the] decision and all its implications and will continue to work for an independent Palestine with East Jerusalem as its capital," Mr Safadi declared.

King Abdullah II added his voice  to helping the Palestinians in "preserving their historical and legal status in Jerusalem" with East Jerusalem as their capital.

During talks at the Basman Palace on Thursday attended by  Crown Prince Hussein, King Abdullah and Palestinian president Mahmoud Abbas said US president Donald Trump's decision was  a violation of international law. The king called for intensified efforts to safeguard the rights of Palestinians, Arabs and Muslims in Jerusalem  and said the international rejection of the US decision must serve as a foundation to avert unilateral steps that might be taken by other states.

King Abdullah and Mr Abbas stressed the importance of coordinating the Arab stance and making  contacts with the international community on the dangerous repercussions of the US decision on the security and stability of the region as well as on peace making efforts.

King Abdullah urged the international community to shoulder its responsibilities and take a supportive and firm stance.

"The issue of Jerusalem should be settled within a comprehensive solution that leads to the establishment of an independent Palestinian state with East Jerusalem as its capital living in peace and security alongside Israel," he said. With Mr Abbas, he affirmed that any tampering with the historical and legal status of Jerusalem is null and void and will only lead to more tension and violence in the region and the world.

King Abdullah has been lobbying world leaders  to counter any attempt by Israel to change the status quo in the holy city or to discard the two-state solution.

Also present at the talks were Prince Ghazi bin Mohammad, the King's chief adviser for religious and cultural affairs and personal envoy, the prime minister, the chief of the Royal Court chief, the foreign minister and the director of the King's Office. On the Palestinian side with President Abbas were the secretary general of the Palestine Liberation Organisation (PLO), a member of  central committee of Fatah, the head of Palestinian Intelligence and the Palestinian ambassador to Jordan.

Foreign minister Mr Safadi  issued a dire warning. "[The decision] puts us in a very dangerous situation, all of us. Peace in the Middle East is key to all of our interests. And, therefore, we need to all work together on peace."

As King Abdullah and President Abbas were meeting, at least 500 Jordanians demonstrated in front of the US embassy in Amman, chanting Anti-American slogans, demanding the closure of both the US and Israeli embassies and waving placards that read: “Jerusalem is the eternal capital of Palestine."

“We reject this decision. Jerusalem is the Arab capital of Palestine and we call on countries with peace treaties with Israel to annul  them,” said Maysoon Momani, 55, a teacher and a left-wing activist. Others called for the 1994 peace treaty between Jordan and Israel to be cancelled

Former diplomat Issa Al Dabbah said, “I am here to support the  Arab and the Palestinians, whose rights have been undermined by the Americans and Arab regimes."

Security around the US embassy was heavy and approach roads blocked off. But the demonstration never descended beyond minor scuffles as protesters tried to march on the embassy. )

The embassy temporarily suspended routine public services amid fears of protests  which could turn violent.

Other small protests also erupted in other parts of Jordan, including Palestinians camps, but the bigger demonstrations are expected after Friday prayers.

“It is a dangerous move that will entrench  the occupation in the West Bank, Gaza and Jerusalem,” said Murad Adaileh, the spokesman for the Islamic Action Front, the political win of  the Muslim Brotherhood. “It indicates that the negotiations have come to an end and this will be at the expense of Jordan and its sovereignty. It  will also impinge on the right of Palestinians to return to their country and would lead to another wave of refugees to Jordan.

Amman, a key US ally, is concerned that potential  unrest in the Palestinian territories  could spill into the country. Jordan also has a sizable Palestinian population of its own because so many fled into Jordan after the 1948 and 1967 wars with Israel.

Jordan too has a stake in Jerusalem since it serves as the custodian of Al Aqsa, Islam’s third holiest site  in Jerusalem, a role guaranteed by the 1994 peace treaty  - unpopular then and now.

The ministry of religious affairs called on preachers to dedicate Friday’s sermons to Jerusalem and Al Aqsa mosque and to address the issue of Jerusalem as a “gateway for security and stability,” based on religious evidence.

Despite Jordan’s fury with the Trump’s administration move, it is unlikely that the move will have an impact on bilateral ties.

“It is important to realise that Trump’s move was unilateral and not one that was adopted internationally,” said Amer Sabaileh, a political analyst and director of Middle East Media and Political Studies Institute, a think tank with an office in Amman. “Therefore, Jerusalem remains an international issue with a Christian and Muslim heritage which means that there is room to rally international support and co-operate with countries who are opposed to Trump’s move like the Vatican.”

“But it is unlikely that the move will strain ties with its allies like Jordan, which is largely dependent on US aid.

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Launch year: 2016

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Sector: online laundry service

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Courtesy: Crystal Intelligence

FIGHT CARD

Fights start from 6pm Friday, January 31

Catchweight 82kg
Piotr Kuberski (POL) v Ahmed Saeb (IRQ)

Women’s bantamweight
Cornelia Holm (SWE) v Corinne Laframboise (CAN)

Welterweight
Omar Hussein (JOR) v Vitalii Stoian (UKR)

Welterweight
Josh Togo (LEB) v Ali Dyusenov (UZB)

Flyweight
Isaac Pimentel (BRA) v Delfin Nawen (PHI)

Catchweight 80kg​​​​​​​
Seb Eubank (GBR) v Mohamed El Mokadem (EGY)

Lightweight
Mohammad Yahya (UAE) v Ramadan Noaman (EGY)

Lightweight
Alan Omer (GER) v Reydon Romero (PHI)

Welterweight
Ahmed Labban (LEB) v Juho Valamaa (FIN)

Featherweight
Elias Boudegzdame (ALG) v Austin Arnett (USA)

Super heavyweight
Roman Wehbe (LEB) v Maciej Sosnowski (POL)

Managing the separation process

  • Choose your nursery carefully in the first place
  • Relax – and hopefully your child will follow suit
  • Inform the staff in advance of your child’s likes and dislikes.
  • If you need some extra time to talk to the teachers, make an appointment a few days in advance, rather than attempting to chat on your child’s first day
  • The longer you stay, the more upset your child will become. As difficult as it is, walk away. Say a proper goodbye and reassure your child that you will be back
  • Be patient. Your child might love it one day and hate it the next
  • Stick at it. Don’t give up after the first day or week. It takes time for children to settle into a new routine.And, finally, don’t feel guilty.  
RACE RESULTS

1. Valtteri Bottas (FIN/Mercedes) 1hr 21min 48.527sec
2. Sebastian Vettel (GER/Ferrari) at 0.658sec
3. Daniel Ricciardo (AUS/Red Bull) 6.012 
4. Lewis Hamilton (GBR/Mercedes) 7.430
5. Kimi Räikkönen (FIN/Ferrari) 20.370
6. Romain Grosjean (FRA/Haas) 1:13.160
7. Sergio Pérez (MEX/Force India) 1 lap
8. Esteban Ocon (FRA/Force India) 1 lap
9. Felipe Massa (BRA/Williams) 1 lap
10. Lance Stroll (CAN/Williams) 1 lap
11. Jolyon Palmer (GBR/Renault) 1 lap
12. Stoffel Vandoorne (BEL/McLaren) 1 lap
13. Nico Hülkenberg (GER/Renault) 1 lap
14. Pascal Wehrlein (GER/Sauber) 1 lap
15. Marcus Ericsson (SWE/Sauber) 2 laps
16. Daniil Kvyat (RUS/Toro Rosso) 3 laps

COMPANY%20PROFILE
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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.”

Villains
Queens of the Stone Age
Matador

Drivers’ championship standings after Singapore:

1. Lewis Hamilton, Mercedes - 263
2. Sebastian Vettel, Ferrari - 235
3. Valtteri Bottas, Mercedes - 212
4. Daniel Ricciardo, Red Bull - 162
5. Kimi Raikkonen, Ferrari - 138
6. Sergio Perez, Force India - 68

if you go

The flights

Air France offer flights from Dubai and Abu Dhabi to Cayenne, connecting in Paris from Dh7,300.

The tour

Cox & Kings (coxandkings.com) has a 14-night Hidden Guianas tour of Guyana, Suriname and French Guiana. It includes accommodation, domestic flights, transfers, a local tour manager and guided sightseeing. Contact for price.

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Fines for littering

In Dubai:

Dh200 for littering or spitting in the Dubai Metro

Dh500 for throwing cigarette butts or chewing gum on the floor, or littering from a vehicle. 
Dh1,000 for littering on a beach, spitting in public places, throwing a cigarette butt from a vehicle

In Sharjah and other emirates
Dh500 for littering - including cigarette butts and chewing gum - in public places and beaches in Sharjah
Dh2,000 for littering in Sharjah deserts
Dh500 for littering from a vehicle in Ras Al Khaimah
Dh1,000 for littering from a car in Abu Dhabi
Dh1,000 to Dh100,000 for dumping waste in residential or public areas in Al Ain
Dh10,000 for littering at Ajman's beaches 

MATCH INFO

Uefa Champions League semi-final:

First leg: Liverpool 5 Roma 2

Second leg: Wednesday, May 2, Stadio Olimpico, Rome

TV: BeIN Sports, 10.45pm (UAE)

UAE%20athletes%20heading%20to%20Paris%202024
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'Will%20of%20the%20People'
%3Cp%3E%3Cstrong%3EArtist%3A%20%3C%2Fstrong%3EMuse%3Cbr%3E%3Cstrong%3ELabel%3A%20%3C%2Fstrong%3EWarner%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%202.5%2F5%3C%2Fp%3E%0A
The Vile

Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah

Director: Majid Al Ansari

Rating: 4/5

ARM%20IPO%20DETAILS
%3Cp%3E%3Cstrong%3EShare%20price%3A%3C%2Fstrong%3E%20Undisclosed%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ETarget%20raise%3A%3C%2Fstrong%3E%20%248%20billion%20to%20%2410%20billion%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EProjected%20valuation%3A%3C%2Fstrong%3E%20%2460%20billion%20to%20%2470%20billion%20(Source%3A%20Bloomberg)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ELead%20underwriters%3A%3C%2Fstrong%3E%20Barclays%2C%20Goldman%20Sachs%20Group%2C%20JPMorgan%20Chase%20and%20Mizuho%20Financial%20Group%3C%2Fp%3E%0A
Company%20profile
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EMaly%20Tech%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202023%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Mo%20Ibrahim%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%20International%20Financial%20Centre%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20FinTech%3Cbr%3E%3Cstrong%3EFunds%20raised%3A%3C%2Fstrong%3E%20%241.6%20million%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2015%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3EPre-seed%2C%20planning%20first%20seed%20round%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20GCC-based%20angel%20investors%3C%2Fp%3E%0A