A man holds a poster of Khalifa Haftar during a rally last year demanding Mr Haftar take over, after a UN deal for a political solution missed what his supporters said was a self-imposed deadline. Esam Omran Al-Fetori / Reuters
A man holds a poster of Khalifa Haftar during a rally last year demanding Mr Haftar take over, after a UN deal for a political solution missed what his supporters said was a self-imposed deadline. Esam Omran Al-Fetori / Reuters
A man holds a poster of Khalifa Haftar during a rally last year demanding Mr Haftar take over, after a UN deal for a political solution missed what his supporters said was a self-imposed deadline. Esam Omran Al-Fetori / Reuters
A man holds a poster of Khalifa Haftar during a rally last year demanding Mr Haftar take over, after a UN deal for a political solution missed what his supporters said was a self-imposed deadline. Esa

Strongman Haftar returns to Benghazi after treatment in Paris


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  • Arabic

Veteran military commander Khalifa Haftar, the most powerful figure in eastern Libya, returned to Benghazi on Thursday after a two-week absence during which he received medical treatment in Paris.

Mr Haftar, 75, smiled and joked as he greeted a delegation of senior officials after stepping off a late afternoon flight from Cairo, where he had been having talks with officials from Egypt, his main backer, several Libyan and Egyptian sources told Reuters.

He has long been seen as a contender for national power, and reports about his health sparked a flurry of speculation inside Libya, including claims that he was gravely ill and that rivals were manoeuvring to replace him.

“I want to reassure you that I am in good health,” he told senior army commanders and local elders in a televised address from the airport shortly afterwards.

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Read more:
Editorial: In the chaos of Libya, there is a cause for renewed hope

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ICC warns Libya of investigations into war crimes

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“I should be addressing you standing up but I am obliged to do so sitting down,” Mr Haftar quipped, seated in front of a bank of microphones on an ornate table.

Authorities in eastern Libya did not issue any pictures or detailed information about his health during his stay in Paris, fuelling speculation over his condition and the possible impact on the balance of power in Libya.

“I won’t respond to those promoting rumours about my health, and you are not responsible for them. But there are those who will answer for them in the appropriate way,” Mr Haftar said.

Libya fragmented after a 2011 uprising that ended more than four decades of dictatorship under Muammar Gaddafi and has been divided since 2014 between rival governments and military alliances based in the east and the west.

The United Nations has been leading an effort to stabilise and reunify the oil-rich nation of six million and has said it hopes to hold national elections by the end of the year.

Mr Haftar, a former commander in Gaddafi’s army who turned against him and returned to Libya to join the 2011 uprising, has gradually extended his grip on Libya’s east and parts of the south, taking full control of Benghazi last year after a three-year military campaign.

His Libyan National Army (LNA) is aligned with a parliament and a largely powerless government that has been based in eastern Libya since 2014.

With support from president Abdel Fattah al-Sisi’s Egypt and the United Arab Emirates, he has promised to drive out Islamist militants and “liberate” Tripoli, bringing the capital’s militias to heel.

He has opposed a UN-backed transitional government that has been trying to establish itself from Tripoli for the past two years.

Since 2016 Mr Haftar has also controlled all the oil ports and main fields in the east, where most of Libya’s oil resources are concentrated.

But he has remained a divisive figure, viewed by opponents as an old-fashioned military strongman who seeks to reimpose authoritarian rule across Libya and labels all his rivals as terrorists.

The biog

Born: High Wycombe, England

Favourite vehicle: One with solid axels

Favourite camping spot: Anywhere I can get to.

Favourite road trip: My first trip to Kazakhstan-Kyrgyzstan. The desert they have over there is different and the language made it a bit more challenging.

Favourite spot in the UAE: Al Dhafra. It’s unique, natural, inaccessible, unspoilt.

In The Heights

Directed by: Jon M. Chu

Stars: Anthony Ramos, Lin-Manual Miranda

Rating: ****

What the law says

Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.

“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.

“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”

If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.

THE LIGHT

Director: Tom Tykwer

Starring: Tala Al Deen, Nicolette Krebitz, Lars Eidinger

Rating: 3/5

White hydrogen: Naturally occurring hydrogenChromite: Hard, metallic mineral containing iron oxide and chromium oxideUltramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica contentOphiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on landOlivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour

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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.”

Key findings of Jenkins report
  • Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
  • Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
  • Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
  • Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
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

Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

Available: Now

The Rub of Time: Bellow, Nabokov, Hitchens, Travolta, Trump and Other Pieces 1986-2016
Martin Amis,
Jonathan Cape

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The biog

Name: Abeer Al Shahi

Emirate: Sharjah – Khor Fakkan

Education: Master’s degree in special education, preparing for a PhD in philosophy.

Favourite activities: Bungee jumping

Favourite quote: “My people and I will not settle for anything less than first place” – Sheikh Mohammed bin Rashid.

The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet
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

The years Ramadan fell in May

1987

1954

1921

1888