JEDDAH // Saudi Arabia is resisting any attempt by Arab countries to reduce the number of pilgrims coming to the Haj this year, after Arab health ministers agreed last week to bar children, the elderly and those with chronic medical conditions from attending the annual pilgrimage to stem the spread of swine flu.
Saudi officials have insisted the ban, which is pending the approval of Saudi authorities, will not result in a reduction in any country's quota of pilgrims. Every country is allotted a number of Haj visas amounting to 0.1 per cent of the total population, or 1,000 pilgrims per million people.
"We will not change the percentage of any country. We changed certain rules," the Saudi health minister, Abdullah al Rabeeah, told reporters following the Cairo meeting last week, without specifying what the new rules were.
Hussein Gezairi, regional director of the World Health Organisation, told news agencies that the kingdom would likely approve the health ministers' decision.
"The Saudi government will make [these conditions] a requirement ? No one will get their visa unless these requirements are fulfilled," he told Agence France-Presse.
The Haj, one of the pillars of Islam, is extremely important to the Saudi economy. The five-day pilgrimage, which takes place in November this year, attracts more than three million people annually to the holy cities of Mecca and Medina. The Saudis want to ensure that the Haj industry, worth US$7 billion (Dh25.7bn), will not be affected by the ban. Some critics of the health ministers' decision have said it was imposed for economic reasons more than for public health, in an effort to keep money at home that would be spent in Saudi Arabia.
Saad al Gurashi, who represents Haj and Umrah companies at the Mecca Chamber of Commerce, said that if the Arab health ministers were to agree to lower the quota, the religious tourism sector would be hit hard.
"Forty per cent of the pilgrims are elderly people and the industry would lose big revenues from the ban, but we have to be concerned about the health of the pilgrims above all," he added.
Mr al Gurashi told the Al Watan daily newspaper on Friday that Arab countries hurt significantly by the financial crisis, particularly North African countries, have started to reduce the number of Haj pilgrims to limit capital exiting the country.
Mr al Gurashi's claims were confirmed by Omar al Mudhwahi, a senior editor at Al Watan, who attended a preliminary meeting of Arab health ministers in Jeddah last month.
"Many Arab countries that are hit hard by the financial crisis this year came to the meeting with an agenda to ban pilgrims for economic reasons and not for health concerns," he said.
The discussion occurred as the Saudi health ministry yesterday reported its first swine flu death. A 30-year-old man admitted to a private hospital in Dammam in eastern Saudi Arabia on Wednesday died on Saturday, the ministry said. It was the second death from swine flu reported in the region.
Egypt became the first Arab country to claim that Haj and Umrah were a threat to its citizens' lives after the ministry of health on July 19 reported its first swine flu death. Samah al Sayyed, 25, died after performing Umrah, the lesser pilgrimage, which can be done at any point during the year, in Saudi Arabia.
But a Saudi Arabian health official refuted the Egyptian claim that swine flu caused the death of al Sayyed, who was admitted to a hospital in Medina while suffering from heart illness.
Ziad Maimash, the deputy minister of health for contagious diseases, said the symptoms of al Sayyed, who did not respond to treatment and returned to Egypt at the request of her husband, were far from those of swine flu.
Her husband, Mohammed Saeed Abdul Majdi, told Egyptian media that his wife died from heart failure and not from swine flu and that his government used her death to bar pilgrims from travelling to Saudi Arabia after it failed to get a fatwa from Egypt's grand mufti.
The victims' mother, Awatif al Mulla, told the Al Riyadh daily newspaper that her daughter did not die from swine flu and the government lied about the matter.
An Egyptian health ministry official said al Sayyed, who suffered from a pre-existing heart ailment caused by rheumatic fever, had travelled to Saudi Arabia for the pilgrimage in early July, and developed flu symptoms on July 11.
Egypt's grand mufti has been quoted in local media as backing the ban, but others in the country are divided. The Egyptian Doctors' Association said in a statement this week: "There is no need to postpone pilgrimage due to swine flu because the virus is as normal as the common flu, if not weaker."
Egypt's quota of pilgrims for the Haj is 80,000 per year. With an average cost of US$2,000 (Dh7,340) per head, the Egyptians spend $160 million per annum on Haj; adding in the Umrah pilgrims, their spending tops $200m.
The majority of pilgrims come from Turkey, Iran, Indonesia and India. None has announced a similar ban, though Indonesia is taking precautionary measures.
Didi Wahyudi, the head of consular affairs at the Indonesian consulate in Jeddah, said his government had already advised elderly pilgrims not to travel to Saudi Arabia this year.
According to Indonesian Embassy figures, each year 210,000 Indonesian pilgrims perform the Haj and 50,000 come for Umrah. The combined expenditure of both groups comes to nearly 19.5 billion Saudi riyals (Dh19.1bn).
India, which has a Haj quota in excess of 1.5 million, has not reacted to the Arab health ministers' ban.
"If those above 65 are not to be allowed to undertake the journey to Mecca for health reasons then this is bad news for almost 35 per cent of our pilgrims," Hafiz Naushad Ahmed Azmi, a member of India's Central Haj Committee, told the Arab News daily newspaper.
In Iran, a health ministry official last Tuesday repeated calls for elderly Iranians and children to avoid travelling to Saudi Arabia for pilgrimage as the number of confirmed swine flu cases in the Islamic republic rose to 16.
"Twelve among them are Umrah pilgrims," Mahmoud Soroush, head of the ministry's flu and border prevention programmes, told AFP.
Tunisia this month suspended Umrah pilgrimages because of the virus, while reserving judgment on whether the Haj should be undertaken in November.
An editorial in the London-based Al-Quds Al-Arabi daily on Thursday called on Saudi authorities to cancel the Haj. "Mecca receives millions of pilgrims and worshippers 24 hours a day, shoulder to shoulder ? and if one person carries the virus, he can spread it to ten thousand others," the paper said, adding that the number of people visiting Saudi Arabia during Ramadan in September and October should also be limited.
wmahdi@thenational.ae
Test
Director: S Sashikanth
Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan
Star rating: 2/5
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.”
The specs
Engine: 3.8-litre, twin-turbo V8
Transmission: seven-speed automatic
Power: 592bhp
Torque: 620Nm
Price: Dh980,000
On sale: now
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
UAE SQUAD FOR ASIAN JIU-JITSU CHAMPIONSHIP
Men’s squad: Faisal Al Ketbi, Omar Al Fadhli, Zayed Al Kathiri, Thiab Al Nuaimi, Khaled Al Shehhi, Mohamed Ali Al Suwaidi, Farraj Khaled Al Awlaqi, Muhammad Al Ameri, Mahdi Al Awlaqi, Saeed Al Qubaisi, Abdullah Al Qubaisi and Hazaa Farhan
Women's squad: Hamda Al Shekheili, Shouq Al Dhanhani, Balqis Abdullah, Sharifa Al Namani, Asma Al Hosani, Maitha Sultan, Bashayer Al Matrooshi, Maha Al Hanaei, Shamma Al Kalbani, Haya Al Jahuri, Mahra Mahfouz, Marwa Al Hosani, Tasneem Al Jahoori and Maryam Al Amri
The specs
Engine: Four electric motors, one at each wheel
Power: 579hp
Torque: 859Nm
Transmission: Single-speed automatic
Price: From Dh825,900
On sale: Now
Company%20Profile
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NO OTHER LAND
Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
Stars: Basel Adra, Yuval Abraham
Rating: 3.5/5
Mountain%20Boy
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In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
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Remaining Fixtures
Wednesday: West Indies v Scotland
Thursday: UAE v Zimbabwe
Friday: Afghanistan v Ireland
Sunday: Final
UEFA CHAMPIONS LEAGUE FIXTURES
All kick-off times 10.45pm UAE ( 4 GMT) unless stated
Tuesday
Sevilla v Maribor
Spartak Moscow v Liverpool
Manchester City v Shakhtar Donetsk
Napoli v Feyenoord
Besiktas v RB Leipzig
Monaco v Porto
Apoel Nicosia v Tottenham Hotspur
Borussia Dortmund v Real Madrid
Wednesday
Basel v Benfica
CSKA Moscow Manchester United
Paris Saint-Germain v Bayern Munich
Anderlecht v Celtic
Qarabag v Roma (8pm)
Atletico Madrid v Chelsea
Juventus v Olympiakos
Sporting Lisbon v Barcelona
Company%20Profile
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Company%20Profile
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Skewed figures
In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458.
The White Lotus: Season three
Creator: Mike White
Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell
Rating: 4.5/5
match info
Chelsea 2
Willian (13'), Ross Barkley (64')
Liverpool 0
Profile
Company: Justmop.com
Date started: December 2015
Founders: Kerem Kuyucu and Cagatay Ozcan
Sector: Technology and home services
Based: Jumeirah Lake Towers, Dubai
Size: 55 employees and 100,000 cleaning requests a month
Funding: The company’s investors include Collective Spark, Faith Capital Holding, Oak Capital, VentureFriends, and 500 Startups.
Emergency
Director: Kangana Ranaut
Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry
Rating: 2/5
At a glance
Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.
Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year
Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month
Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30
Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse
Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth
Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances
COMPANY PROFILE
● Company: Bidzi
● Started: 2024
● Founders: Akshay Dosaj and Asif Rashid
● Based: Dubai, UAE
● Industry: M&A
● Funding size: Bootstrapped
● No of employees: Nine
CHELSEA SQUAD
Arrizabalaga, Bettinelli, Rudiger, Christensen, Silva, Chalobah, Sarr, Azpilicueta, James, Kenedy, Alonso, Jorginho, Kante, Kovacic, Saul, Barkley, Ziyech, Pulisic, Mount, Hudson-Odoi, Werner, Havertz, Lukaku.
COMPANY%20PROFILE
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Our legal consultants
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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Details
Through Her Lens: The stories behind the photography of Eva Sereny
Forewords by Jacqueline Bisset and Charlotte Rampling, ACC Art Books
Specs
Engine: Dual-motor all-wheel-drive electric
Range: Up to 610km
Power: 905hp
Torque: 985Nm
Price: From Dh439,000
Available: Now
The specs: 2018 Nissan Patrol Nismo
Price: base / as tested: Dh382,000
Engine: 5.6-litre V8
Gearbox: Seven-speed automatic
Power: 428hp @ 5,800rpm
Torque: 560Nm @ 3,600rpm
Fuel economy, combined: 12.7L / 100km
COMPANY%20PROFILE
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Have you been targeted?
Tuan Phan of SimplyFI.org lists five signs you have been mis-sold to:
1. Your pension fund has been placed inside an offshore insurance wrapper with a hefty upfront commission.
2. The money has been transferred into a structured note. These products have high upfront, recurring commission and should never be in a pension account.
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5. Total annual management cost for your pension account is 2 per cent or more, including platform, underlying fund and advice charges.
Results
International 4, United States 1
Justin Thomas and Tiger Woods (US) beat Marc Leishman and Joaquin Niemann (International) 4 and 3.
Adam Hadwin and Sungjae Im (International) beat Xander Schauffele and Patrick Cantlay (US) 2 up.
Adam Scott and Byeong Hun An (International) beat Bryson DeChambeau and Tony Finau (US) 2 and 1.
Hideki Matsuyama and C.T. Pan (International) beat Webb Simpson and Patrick Reed (US) 1 up.
Abraham Ancer and Louis Oosthuizen (International) beat Dustin Johnson and Gary Woodland (US) 4 and 3.
The specs
Engine: 4.0-litre flat-six
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Specs
Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request