Sudanese President Omar Al Bashir addresses parliament in the capital Khartoum. AFP, File
Sudanese President Omar Al Bashir addresses parliament in the capital Khartoum. AFP, File
Sudanese President Omar Al Bashir addresses parliament in the capital Khartoum. AFP, File
Sudanese President Omar Al Bashir addresses parliament in the capital Khartoum. AFP, File

Sudan’s Omar Al Bashir convicted in corruption trial


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Hundreds of soldiers and policemen lined the streets on the approach to the Judicial and Legal Science Institute in eastern Khartoum’s Arkaweet suburb on Saturday.

In a year of monumental changes in Sudan, the weekend is set to be historic. Omar Al Bashir, the man who ruled the country with an iron fist for nearly 30-years was convicted on Saturday of illegally possessing millions in foreign currency.

He was sentenced to two years in a rehabilitation facility and the money was confiscated by the state.

Supporters of the 75-year-old former president in the courtroom disrupted proceedings, shouting Allahu Akbar and chanted "political" alleging the trial was a sham before being pushed out of the room by security forces.

Judge Al Sadiq Abdel Rahman took around an hour to read the final indictment against the former president as Al Bashir stood in the small defendant's cage in the courtroom.

The streets around the makeshift courthouse were largely clear ahead of his appearance, few gathering to hear the fate of the man who was removed from office in April after months of mass nationwide rallies.

Al Bashir arrived at the institute at around 9:45 AM local time in a joint police and army convoy of some 15 speeding all-terrain vehicles with heavy machine guns mounted to the back. Al Bashir sat in a white SUV that swiftly entered the institute’s courtyard as news cameras captured the scene.

Prior to the convoy’s arrival, police commandos guarded the institute and blocked the street leading to the building. Some of the commandos wore ski masks and dark glasses.

Besides journalists and defence lawyers, members of all Mr Al Bashir’s family were admitted into the courtroom to hear the verdict.

All surrendered their phones and submitted to searches.

Since the departure of Al Bashir, Sudan has begun to take its first tentative steps on the road to democratic transition, with civilian leaders signing a deal with the military to oversee the changes.

The administration of Prime Minister Abdalla Hamdok faces numerous challenges over the next 35 months as he seeks to reconcile longstanding conflicts in the country, weed out the vestiges of Al Bashir’s National Congress party and bring some stability to the economy – the issue that sparked last December’s uprisings.

Al Bashir’s case on Saturday is the first milestone for the new administration as it seeks to pivot the country away from the conservative political Islamist’s nepotistic rule.

  • Sudanese protesters run for cover from tear gas canisters fired by police outside the military headquarters in the capital Khartoum on April 6, 2019. AFP
    Sudanese protesters run for cover from tear gas canisters fired by police outside the military headquarters in the capital Khartoum on April 6, 2019. AFP
  • Sudanese protesters rally in front of the military headquarters in the capital Khartoum on April 8, 2019. AFP
    Sudanese protesters rally in front of the military headquarters in the capital Khartoum on April 8, 2019. AFP
  • Alaa Salah, a Sudanese woman propelled to internet fame earlier this week after clips went viral of her leading powerful protest chants against President Omar Al Bashir, addresses protesters during a demonstration in front of the military headquarters in the capital Khartoum on April 10, 2019. AFP
    Alaa Salah, a Sudanese woman propelled to internet fame earlier this week after clips went viral of her leading powerful protest chants against President Omar Al Bashir, addresses protesters during a demonstration in front of the military headquarters in the capital Khartoum on April 10, 2019. AFP
  • Sudanese judges, dressed in their robes, gather for a "million-strong" march outside the army headquarters in the capital Khartoum on April 25, 2019. AFP
    Sudanese judges, dressed in their robes, gather for a "million-strong" march outside the army headquarters in the capital Khartoum on April 25, 2019. AFP
  • A Sudanese anti-regime protester kisses a soldier on the head during protests on April 11, 2019 in the area around the army headquarters in Sudan's capital Khartoum. AFP
    A Sudanese anti-regime protester kisses a soldier on the head during protests on April 11, 2019 in the area around the army headquarters in Sudan's capital Khartoum. AFP
  • Sudanese demonstrators march with national flags as they gather during a rally demanding a civilian body to lead the transition to democracy. AFP
    Sudanese demonstrators march with national flags as they gather during a rally demanding a civilian body to lead the transition to democracy. AFP
  • Protesters massed outside the army complex in central Khartoum on April 6, initially to demand the overthrow of longtime leader Omar Al Bashir. AFP
    Protesters massed outside the army complex in central Khartoum on April 6, initially to demand the overthrow of longtime leader Omar Al Bashir. AFP
  • Sudanese protesters gather outside the army headquarters in Khartoum on May 6, 2019. AFP
    Sudanese protesters gather outside the army headquarters in Khartoum on May 6, 2019. AFP
  • Sudanese protesters burn tyres as they block Nile Street for the second consecutive day during continuing protests in Sudan's capital Khartoum on May 13, 2019. AFP
    Sudanese protesters burn tyres as they block Nile Street for the second consecutive day during continuing protests in Sudan's capital Khartoum on May 13, 2019. AFP
  • Sudanese protesters wave flags and flash victory signs as they gather for a sit-in outside the military headquarters in Khartoum on May 19, 2019. AFP
    Sudanese protesters wave flags and flash victory signs as they gather for a sit-in outside the military headquarters in Khartoum on May 19, 2019. AFP
  • A Sudanese health worker carries a placard as scores of medics hold a rally in front of a hospital in the capital Khartoum on May 23, 2019. AFP
    A Sudanese health worker carries a placard as scores of medics hold a rally in front of a hospital in the capital Khartoum on May 23, 2019. AFP
  • Sudanese supporters of the ruling Transitional Military Council (TMC) hold up a sign showing a portrait of its head General Abdel Fattah Al Burhan with a caption below reading in Arabic "we have delegated you Burhan, we want no president but you", during a rally in the centre of the capital Khartoum on May 31, 2019. AFP
    Sudanese supporters of the ruling Transitional Military Council (TMC) hold up a sign showing a portrait of its head General Abdel Fattah Al Burhan with a caption below reading in Arabic "we have delegated you Burhan, we want no president but you", during a rally in the centre of the capital Khartoum on May 31, 2019. AFP
  • Mohamed Hamdan Dagalo, known as Himediti, deputy head of Sudan's ruling Transitional Military Council and commander of the Rapid Support Forces paramilitaries, waves a baton to supporters on a vehicle as he arrives for a rally in the village of Abraq, about 60 kilometres northwest of Khartoum, on June 22, 2019. AFP
    Mohamed Hamdan Dagalo, known as Himediti, deputy head of Sudan's ruling Transitional Military Council and commander of the Rapid Support Forces paramilitaries, waves a baton to supporters on a vehicle as he arrives for a rally in the village of Abraq, about 60 kilometres northwest of Khartoum, on June 22, 2019. AFP
  • Sudanese protestors celebrate in the streets of Khartoum after ruling generals and protest leaders announced they have reached an agreement on the disputed issue of a new governing body on July 5, 2019. AFP
    Sudanese protestors celebrate in the streets of Khartoum after ruling generals and protest leaders announced they have reached an agreement on the disputed issue of a new governing body on July 5, 2019. AFP
  • Thousands went to the streets to welcome the agreement on Saturday. AFP
    Thousands went to the streets to welcome the agreement on Saturday. AFP
  • Sudanese protesters take part in a vigil in the capital Khartoum to mourn dozens of demonstrators killed last month in a raid on a Khartoum sit-in. AFP
    Sudanese protesters take part in a vigil in the capital Khartoum to mourn dozens of demonstrators killed last month in a raid on a Khartoum sit-in. AFP
  • Sudanese protesters gather during Friday noon prayers outside the army headquarters in Khartoum on May 3, 2019, as they continue to protest demanding that the ruling military council hand power to a civilian administration. AFP
    Sudanese protesters gather during Friday noon prayers outside the army headquarters in Khartoum on May 3, 2019, as they continue to protest demanding that the ruling military council hand power to a civilian administration. AFP
  • Sudanese civilians from other provinces ride on the train to join in the celebrations of the signing of Sudan's power-sharing deal. Reuters
    Sudanese civilians from other provinces ride on the train to join in the celebrations of the signing of Sudan's power-sharing deal. Reuters
  • Sudan's Forces of Freedom and Change coalition leader Ahmad Rabiah (3-R) and Sudan's General and Vice President of Sudanese Transitional Military Council, Mohamed Hamdan Dagalo (2-R) sign power-sharing agreement,. EPA
    Sudan's Forces of Freedom and Change coalition leader Ahmad Rabiah (3-R) and Sudan's General and Vice President of Sudanese Transitional Military Council, Mohamed Hamdan Dagalo (2-R) sign power-sharing agreement,. EPA
  • Sudan's Head of Transitional Military Council, Lieutenant General Abdel Fattah Al-Burhan, and Sudan's opposition alliance coalition's leader Ahmad Rabiah, celebrate the signing of the power-sharing deal, that paves the way for a transitional government, and eventual elections. Reuters
    Sudan's Head of Transitional Military Council, Lieutenant General Abdel Fattah Al-Burhan, and Sudan's opposition alliance coalition's leader Ahmad Rabiah, celebrate the signing of the power-sharing deal, that paves the way for a transitional government, and eventual elections. Reuters
  • epa07783624 Leader of Sudan's transitional council, Lieutenant General Abdel Fattah Abdelrahman Burhan (R) is sworn in as the Head of the newly formed transitional Council at the presidential palace in Khartoum, Sudan, 21 August 2019. The Sudanese opposition and military council signed on 17 August a power sharing agreement. The agreement sets up a sovereign council made of five generals and six civilians, to rule the country until general elections. Protests had erupted in Sudan at the end of 2018, culminating in a long sit-in outside the army headquarters which ended with more than one hundred people being killed and others injured. Sudanese President Omar Hassan al-Bashir stepped down on 11 April 2019. EPA/STRINGER
    epa07783624 Leader of Sudan's transitional council, Lieutenant General Abdel Fattah Abdelrahman Burhan (R) is sworn in as the Head of the newly formed transitional Council at the presidential palace in Khartoum, Sudan, 21 August 2019. The Sudanese opposition and military council signed on 17 August a power sharing agreement. The agreement sets up a sovereign council made of five generals and six civilians, to rule the country until general elections. Protests had erupted in Sudan at the end of 2018, culminating in a long sit-in outside the army headquarters which ended with more than one hundred people being killed and others injured. Sudanese President Omar Hassan al-Bashir stepped down on 11 April 2019. EPA/STRINGER
  • A pictured released by Sudan's Presidential Palace shows General Abdel Fattah al-Burhan, the head of Sudan's ruling military council, during a swearing in ceremony in Khartoum on August 21, 2019. Burhan was sworn today as chairman of Sudan's new sovereign council that will steer the country through a three-year transition to civilian rule. "General Abdel Fattah al-Burhan Abdel Rahman was sworn in as president of the sovereign council," the official SUNA news agency reported. / AFP / SUDAN PRESIDENTIAL PALACE / - / RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / SUDAN PRESIDENTAIL PALACE" - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS
    A pictured released by Sudan's Presidential Palace shows General Abdel Fattah al-Burhan, the head of Sudan's ruling military council, during a swearing in ceremony in Khartoum on August 21, 2019. Burhan was sworn today as chairman of Sudan's new sovereign council that will steer the country through a three-year transition to civilian rule. "General Abdel Fattah al-Burhan Abdel Rahman was sworn in as president of the sovereign council," the official SUNA news agency reported. / AFP / SUDAN PRESIDENTIAL PALACE / - / RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / SUDAN PRESIDENTAIL PALACE" - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS
  • A picture released by Sudan's Presidential Palace shows General Abdel Fattah al-Burhan, the head of Sudan's ruling military council, during a swearing in ceremony in Khartoum on August 21, 2019. Burhan was sworn today as chairman of Sudan's new sovereign council that will steer the country through a three-year transition to civilian rule. "General Abdel Fattah al-Burhan Abdel Rahman was sworn in as president of the sovereign council," the official SUNA news agency reported. / AFP / SUDAN PRESIDENTIAL PALACE / - / RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / SUDAN PRESIDENTAIL PALACE" - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS
    A picture released by Sudan's Presidential Palace shows General Abdel Fattah al-Burhan, the head of Sudan's ruling military council, during a swearing in ceremony in Khartoum on August 21, 2019. Burhan was sworn today as chairman of Sudan's new sovereign council that will steer the country through a three-year transition to civilian rule. "General Abdel Fattah al-Burhan Abdel Rahman was sworn in as president of the sovereign council," the official SUNA news agency reported. / AFP / SUDAN PRESIDENTIAL PALACE / - / RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / SUDAN PRESIDENTAIL PALACE" - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS
  • A picture released by Sudan's Presidential Palace shows General Abdel Fattah al-Burhan (C-R), the head of Sudan's ruling military council, standing during a swearing in of the new sovereign council, in Khartoum on August 21, 2019. Sudan took further steps in its transition towards civilian rule today with the swearing in of a new sovereign council, to be followed by the appointment of a prime minister. The body replaces the Transitional Military Council (TMC) that took charge after months of deadly street protests brought down longtime ruler Omar al-Bashir in April. Burhan, who already headed the TMC, was sworn in as the chairman of the new sovereign council in the morning. / AFP / SUDAN PRESIDENTIAL PALACE / - / RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / SUDAN PRESIDENTAIL PALACE" - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS
    A picture released by Sudan's Presidential Palace shows General Abdel Fattah al-Burhan (C-R), the head of Sudan's ruling military council, standing during a swearing in of the new sovereign council, in Khartoum on August 21, 2019. Sudan took further steps in its transition towards civilian rule today with the swearing in of a new sovereign council, to be followed by the appointment of a prime minister. The body replaces the Transitional Military Council (TMC) that took charge after months of deadly street protests brought down longtime ruler Omar al-Bashir in April. Burhan, who already headed the TMC, was sworn in as the chairman of the new sovereign council in the morning. / AFP / SUDAN PRESIDENTIAL PALACE / - / RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / SUDAN PRESIDENTAIL PALACE" - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS
  • epa07784051 Members of Sudan's newly formed transitional Council (R-L) General Mohamed Hamdan Dagalo, Hassan Sheikh Idris, Genereal Ibrahim Jaber, Raja Nicola Issa Abdul-Masseh, General Shams al-Din Kabashi, Aisha Moussa, Mohamed Alfaki, General Yasser al-Atta and Sadeek Tawer look on during their sweaing-in ceremony at the presidential palace in Khartoum, Sudan, 21 August 2019. The Sudanese opposition and military council signed on 17 August a power sharing agreement. The agreement sets up a sovereign council made of five generals and six civilians, to rule the country until general elections. Protests had erupted in Sudan at the end of 2018, culminating in a long sit-in outside the army headquarters which ended with more than one hundred people being killed and others injured. Sudanese President Omar Hassan al-Bashir stepped down on 11 April 2019. EPA/MORWAN ALI
    epa07784051 Members of Sudan's newly formed transitional Council (R-L) General Mohamed Hamdan Dagalo, Hassan Sheikh Idris, Genereal Ibrahim Jaber, Raja Nicola Issa Abdul-Masseh, General Shams al-Din Kabashi, Aisha Moussa, Mohamed Alfaki, General Yasser al-Atta and Sadeek Tawer look on during their sweaing-in ceremony at the presidential palace in Khartoum, Sudan, 21 August 2019. The Sudanese opposition and military council signed on 17 August a power sharing agreement. The agreement sets up a sovereign council made of five generals and six civilians, to rule the country until general elections. Protests had erupted in Sudan at the end of 2018, culminating in a long sit-in outside the army headquarters which ended with more than one hundred people being killed and others injured. Sudanese President Omar Hassan al-Bashir stepped down on 11 April 2019. EPA/MORWAN ALI
  • Demonstrators march with banners and the old (L) and current (R) flags of Sudan outside a courthouse complex in the capital's twin city of Omdurman on August 21, 2019 during the trial of 40 members of Sudan's now-dissolved National Intelligence and Security Service facing charges over the death in custody of Ahmed al-Kheir, a teacher from the eastern town of Khashma el-Girba, in the early days of the wave of nationwide protests that eventually brought longtime ruler Omar al-Bashir. / AFP / Ahmed Mustafa
    Demonstrators march with banners and the old (L) and current (R) flags of Sudan outside a courthouse complex in the capital's twin city of Omdurman on August 21, 2019 during the trial of 40 members of Sudan's now-dissolved National Intelligence and Security Service facing charges over the death in custody of Ahmed al-Kheir, a teacher from the eastern town of Khashma el-Girba, in the early days of the wave of nationwide protests that eventually brought longtime ruler Omar al-Bashir. / AFP / Ahmed Mustafa
  • epa07784904 Sudan's new Prime Minister Abdalla Hamdok (L) swears in during a ceremony at the presidential palace in Khartoum, Sudan, 21 August 2019. The Sudanese opposition and military council signed on 17 August a power sharing agreement. The agreement sets up a sovereign council made of five generals and six civilians, to rule the country until general elections. Protests had erupted in Sudan in December 2018, culminating in a long sit-in outside the army headquarters which ended with more than one hundred people being killed and others injured. Sudanese President Omar Hassan al-Bashir stepped down on 11 April 2019. EPA/MARWAN ALI
    epa07784904 Sudan's new Prime Minister Abdalla Hamdok (L) swears in during a ceremony at the presidential palace in Khartoum, Sudan, 21 August 2019. The Sudanese opposition and military council signed on 17 August a power sharing agreement. The agreement sets up a sovereign council made of five generals and six civilians, to rule the country until general elections. Protests had erupted in Sudan in December 2018, culminating in a long sit-in outside the army headquarters which ended with more than one hundred people being killed and others injured. Sudanese President Omar Hassan al-Bashir stepped down on 11 April 2019. EPA/MARWAN ALI
  • epa07784903 Sudan's new Prime Minister Abdalla Hamdok (L) shakes hands with Abdel Fattah Abdelrahman Burhan (R) after being sworn in during a ceremony at the presidential palace in Khartoum, Sudan, 21 August 2019. The Sudanese opposition and military council signed on 17 August a power sharing agreement. The agreement sets up a sovereign council made of five generals and six civilians, to rule the country until general elections. Protests had erupted in Sudan in December 2018, culminating in a long sit-in outside the army headquarters which ended with more than one hundred people being killed and others injured. Sudanese President Omar Hassan al-Bashir stepped down on 11 April 2019. EPA/MARWAN ALI
    epa07784903 Sudan's new Prime Minister Abdalla Hamdok (L) shakes hands with Abdel Fattah Abdelrahman Burhan (R) after being sworn in during a ceremony at the presidential palace in Khartoum, Sudan, 21 August 2019. The Sudanese opposition and military council signed on 17 August a power sharing agreement. The agreement sets up a sovereign council made of five generals and six civilians, to rule the country until general elections. Protests had erupted in Sudan in December 2018, culminating in a long sit-in outside the army headquarters which ended with more than one hundred people being killed and others injured. Sudanese President Omar Hassan al-Bashir stepped down on 11 April 2019. EPA/MARWAN ALI
  • Sudan's new Prime Minister Abdalla Hamdok speaks duringa press conference in Khartoum, Sudan, Wednesday, Aug. 21, 2019. (AP Photo)
    Sudan's new Prime Minister Abdalla Hamdok speaks duringa press conference in Khartoum, Sudan, Wednesday, Aug. 21, 2019. (AP Photo)

After years of presiding over a heavy-handed security state that jailed critics and silenced journalists, carried out bloody military campaigns in Darfur that earned indictments for genocide, war crimes and crimes against humanity at the international criminal court, the case Al Bashir was convicted for on Saturday seem minor.

When authorities searched his home shortly after removing him from office in April they found suitcases stuffed with millions of dollars in cash in euros, dollars and Sudanese pounds. He was soon charged with possession of foreign currencies, corruption and receiving illegal gifts.

He faced up to 10 years in prison.

But, more serious charges related to his time in office could still be brought. He has already been accused of ordering the killing of protesters during the uprising earlier this year as well as his role in the coup that brought him to power in 1989 and ended Sudan’s last attempt at democratic rule.

The new administration and the powerful military heads that are taking part in the transition have made it clear they have no intention of handing Al Bashir over to the ICC for prosecution.

Instead, they have said, he should face justice at home in Khartoum.

Sudanese are watching Saturday's hearing closely to see the fate of the man who was once seen as untouchable, presiding over a delicate web of patronage and favours that secured his position for nearly three decades.  Additional reporting by Hamza Hendawi in Khartoum

UAE currency: the story behind the money in your pockets
Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
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The specs: 2018 Renault Koleos

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Engine: 2.5L, in-line four-cylinder
Transmission: Continuously variable transmission
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Avatar: Fire and Ash

Director: James Cameron

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Rating: 4.5/5

Ziina users can donate to relief efforts in Beirut

Ziina users will be able to use the app to help relief efforts in Beirut, which has been left reeling after an August blast caused an estimated $15 billion in damage and left thousands homeless. Ziina has partnered with the United Nations High Commissioner for Refugees to raise money for the Lebanese capital, co-founder Faisal Toukan says. “As of October 1, the UNHCR has the first certified badge on Ziina and is automatically part of user's top friends' list during this campaign. Users can now donate any amount to the Beirut relief with two clicks. The money raised will go towards rebuilding houses for the families that were impacted by the explosion.”

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.”

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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. 

Stage result

1. Jasper Philipsen (Bel) Alpecin-Fenix 4:42:34

2. Sam Bennett (Irl) Bora-Hansgrohe

3. Elia Viviani (Ita) Ineos Grenadiers

4. Dylan Groenewegen (Ned) BikeExchange-Jayco

5. Emils Liepins (Lat) Trek-Segafredo

6. Arnaud Demare (Fra) Groupama-FDJ

7. Max Kanter (Ger) Movistar Team

8. Olav Kooij (Ned) Jumbo-Visma

9. Tom Devriendt (Bel) Intermarché-Wanty-Gobert Matériaux

10. Pascal Ackermann (Ger) UAE Team Emirate

Emergency phone numbers in the UAE

Estijaba – 8001717 –  number to call to request coronavirus testing

Ministry of Health and Prevention – 80011111

Dubai Health Authority – 800342 – The number to book a free video or voice consultation with a doctor or connect to a local health centre

Emirates airline – 600555555

Etihad Airways – 600555666

Ambulance – 998

Knowledge and Human Development Authority – 8005432 ext. 4 for Covid-19 queries

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THE BIO

Mr Al Qassimi is 37 and lives in Dubai
He is a keen drummer and loves gardening
His favourite way to unwind is spending time with his two children and cooking

Why does a queen bee feast only on royal jelly?

Some facts about bees:

The queen bee eats only royal jelly, an extraordinary food created by worker bees so she lives much longer

The life cycle of a worker bee is from 40-60 days

A queen bee lives for 3-5 years

This allows her to lay millions of eggs and allows the continuity of the bee colony

About 20,000 honey bees and one queen populate each hive

Honey is packed with vital vitamins, minerals, enzymes, water and anti-oxidants.

Apart from honey, five other products are royal jelly, the special food bees feed their queen 

Pollen is their protein source, a super food that is nutritious, rich in amino acids

Beewax is used to construct the combs. Due to its anti-fungal, anti-bacterial elements, it is used in skin treatments

Propolis, a resin-like material produced by bees is used to make hives. It has natural antibiotic qualities so works to sterilize hive,  protects from disease, keeps their home free from germs. Also used to treat sores, infection, warts

Bee venom is used by bees to protect themselves. Has anti-inflammatory properties, sometimes used to relieve conditions such as rheumatoid arthritis, nerve and muscle pain

Honey, royal jelly, pollen have health enhancing qualities

The other three products are used for therapeutic purposes

Is beekeeping dangerous?

As long as you deal with bees gently, you will be safe, says Mohammed Al Najeh, who has worked with bees since he was a boy.

“The biggest mistake people make is they panic when they see a bee. They are small but smart creatures. If you move your hand quickly to hit the bees, this is an aggressive action and bees will defend themselves. They can sense the adrenalin in our body. But if we are calm, they are move away.”

 

 

MATCH INFO

Barcelona 4 (Messi 23' pen, 45 1', 48', Busquets 85')

Celta Vigo 1 (Olaza 42')

The specs: 2018 Ducati SuperSport S

Price, base / as tested: Dh74,900 / Dh85,900

Engine: 937cc

Transmission: Six-speed gearbox

Power: 110hp @ 9,000rpm

Torque: 93Nm @ 6,500rpm

Fuel economy, combined: 5.9L / 100km

RECORD%20BREAKER
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Company info

Company name: Entrupy 

Co-founders: Vidyuth Srinivasan, co-founder/chief executive, Ashlesh Sharma, co-founder/chief technology officer, Lakshmi Subramanian, co-founder/chief scientist

Based: New York, New York

Sector/About: Entrupy is a hardware-enabled SaaS company whose mission is to protect businesses, borders and consumers from transactions involving counterfeit goods.  

Initial investment/Investors: Entrupy secured a $2.6m Series A funding round in 2017. The round was led by Tokyo-based Digital Garage and Daiwa Securities Group's jointly established venture arm, DG Lab Fund I Investment Limited Partnership, along with Zach Coelius. 

Total customers: Entrupy’s customers include hundreds of secondary resellers, marketplaces and other retail organisations around the world. They are also testing with shipping companies as well as customs agencies to stop fake items from reaching the market in the first place. 

Vikram%20Vedha
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What's in the deal?

Agreement aims to boost trade by £25.5bn a year in the long run, compared with a total of £42.6bn in 2024

India will slash levies on medical devices, machinery, cosmetics, soft drinks and lamb.

India will also cut automotive tariffs to 10% under a quota from over 100% currently.

Indian employees in the UK will receive three years exemption from social security payments

India expects 99% of exports to benefit from zero duty, raising opportunities for textiles, marine products, footwear and jewellery

Tips for used car buyers
  • Choose cars with GCC specifications
  • Get a service history for cars less than five years old
  • Don’t go cheap on the inspection
  • Check for oil leaks
  • Do a Google search on the standard problems for your car model
  • Do your due diligence. Get a transfer of ownership done at an official RTA centre
  • Check the vehicle’s condition. You don’t want to buy a car that’s a good deal but ends up costing you Dh10,000 in repairs every month
  • Validate warranty and service contracts with the relevant agency and and make sure they are valid when ownership is transferred
  • If you are planning to sell the car soon, buy one with a good resale value. The two most popular cars in the UAE are black or white in colour and other colours are harder to sell

Tarek Kabrit, chief executive of Seez, and Imad Hammad, chief executive and co-founder of CarSwitch.com

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Haemoglobin disorders explained

Thalassaemia is part of a family of genetic conditions affecting the blood known as haemoglobin disorders.

Haemoglobin is a substance in the red blood cells that carries oxygen and a lack of it triggers anemia, leaving patients very weak, short of breath and pale.

The most severe type of the condition is typically inherited when both parents are carriers. Those patients often require regular blood transfusions - about 450 of the UAE's 2,000 thalassaemia patients - though frequent transfusions can lead to too much iron in the body and heart and liver problems.

The condition mainly affects people of Mediterranean, South Asian, South-East Asian and Middle Eastern origin. Saudi Arabia recorded 45,892 cases of carriers between 2004 and 2014.

A World Health Organisation study estimated that globally there are at least 950,000 'new carrier couples' every year and annually there are 1.33 million at-risk pregnancies.

Barbie
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Infobox

Western Region Asia Cup Qualifier, Al Amerat, Oman

The two finalists advance to the next stage of qualifying, in Malaysia in August

Results

UAE beat Iran by 10 wickets

Kuwait beat Saudi Arabia by eight wickets

Oman beat Bahrain by nine wickets

Qatar beat Maldives by 106 runs

Monday fixtures

UAE v Kuwait, Iran v Saudi Arabia, Oman v Qatar, Maldives v Bahrain

AI traffic lights to ease congestion at seven points to Sheikh Zayed bin Sultan Street

The seven points are:

Shakhbout bin Sultan Street

Dhafeer Street

Hadbat Al Ghubainah Street (outbound)

Salama bint Butti Street

Al Dhafra Street

Rabdan Street

Umm Yifina Street exit (inbound)

Meydan race card

6pm Dubai Trophy – Conditions(TB) $100,000 (Turf) 1,200m 

6.35Dubai Trophy – Conditions(TB) $100,000 (Turf) 1,200m
1,800m 

7.10pm Jumeirah Derby Trial – Conditions (TB) $60,000 (T)
1,800m ,400m 

7.45pm Al Rashidiya – Group 2 (TB)  $180,000  (T) 1,800m 

8.20pm Al Fahidi Fort – Group 2 (TB) $180,000 (T) 1,400m 

8.55pm Dubawi Stakes – Group 3 (TB) $150,000 (D) 1,200m 

9.30pm Aliyah – Rated Conditions (TB) $80,000 (D) 2,000m  

BMW M5 specs

Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor

Power: 727hp

Torque: 1,000Nm

Transmission: 8-speed auto

Fuel consumption: 10.6L/100km

On sale: Now

Price: From Dh650,000

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 
UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
The biog

Age: 19 

Profession: medical student at UAE university 

Favourite book: The Ocean at The End of The Lane by Neil Gaiman

Role model: Parents, followed by Fazza (Shiekh Hamdan bin Mohammed)

Favourite poet: Edger Allen Poe 

Results:

5pm: Maiden (PA) Dh80,000 2,200m | Winner: AF Al Montaqem, Bernardo Pinheiro (jockey), Ernst Oertel (trainer)

5.30pm: Maiden (PA) Dh80,000 1,200m | Winner: Daber W’Rsan, Connor Beasley, Jaci Wickham

6pm: Handicap (PA) Dh85,000 1,600m | Winner: Bainoona, Fabrice Veron, Eric Lemartinel

6.30pm: Handicap (PA) Dh80,000 1,600m | Winner: AF Makerah, Antonio Fresu, Ernst Oertel

7pm: Wathba Stallions Cup Handicap (PA) Dh70,000 | Winner: AF Motaghatres, Antonio Fresu, Ernst Oertel

7.30pm: Handicap (TB) Dh90,000 1,600m | Winner: Tafakhor, Ronan Whelan, Ali Rashid Al Raihe

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

Day 2, stumps

Pakistan 482

Australia 30/0 (13 ov)

Australia trail by 452 runs with 10 wickets remaining in the innings

RACE SCHEDULE

All times UAE ( 4 GMT)

Friday, September 29
First practice: 7am - 8.30am
Second practice: 11am - 12.30pm

Saturday, September 30
Qualifying: 1pm - 2pm

Sunday, October 1
Race: 11am - 1pm

if you go

The flights

Flydubai flies to Podgorica or nearby Tivat via Sarajevo from Dh2,155 return including taxes. Turkish Airlines flies from Abu Dhabi and Dubai to Podgorica via Istanbul; alternatively, fly with Flydubai from Dubai to Belgrade and take a short flight with Montenegro Air to Podgorica. Etihad flies from Abu Dhabi to Podgorica via Belgrade. Flights cost from about Dh3,000 return including taxes. There are buses from Podgorica to Plav. 

The tour

While you can apply for a permit for the route yourself, it’s best to travel with an agency that will arrange it for you. These include Zbulo in Albania (www.zbulo.org) or Zalaz in Montenegro (www.zalaz.me).

 

HEADLINE HERE
  • I would recommend writing out the text in the body 
  • And then copy into this box
  • It can be as long as you link
  • But I recommend you use the bullet point function (see red square)
  • Or try to keep the word count down
  • Be wary of other embeds lengthy fact boxes could crash into 
  • That's about it
The specs

AT4 Ultimate, as tested

Engine: 6.2-litre V8

Power: 420hp

Torque: 623Nm

Transmission: 10-speed automatic

Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)

On sale: Now

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What is cyberbullying?

Cyberbullying or online bullying could take many forms such as sending unkind or rude messages to someone, socially isolating people from groups, sharing embarrassing pictures of them, or spreading rumors about them.

Cyberbullying can take place on various platforms such as messages, on social media, on group chats, or games.

Parents should watch out for behavioural changes in their children.

When children are being bullied they they may be feel embarrassed and isolated, so parents should watch out for signs of signs of depression and anxiety

AUSTRALIA SQUAD

Aaron Finch (captain), Ashton Agar, Alex Carey, Pat Cummins, Glenn Maxwell, Ben McDermott, Kane Richardson, Steve Smith, Billy Stanlake, Mitchell Starc, Ashton Turner, Andrew Tye, David Warner, Adam Zampa