• Warplanes attack the village of Al Bara in southern Idlib on March 5, 2020, a day before a ceasefire went into effect in the province. AFP
    Warplanes attack the village of Al Bara in southern Idlib on March 5, 2020, a day before a ceasefire went into effect in the province. AFP
  • Destroyed buildings in Al Nayrab village, about 14 kilometres south-east of Idlib city. The city and its surroundings have suffered furious bombardment by Syrian forces and Russian jets since since December 2019. AFP
    Destroyed buildings in Al Nayrab village, about 14 kilometres south-east of Idlib city. The city and its surroundings have suffered furious bombardment by Syrian forces and Russian jets since since December 2019. AFP
  • Malek Haj Khalil stands on the rubble of his home in Sarmin, about 8 kilometres south-east of Idlib city. AFP
    Malek Haj Khalil stands on the rubble of his home in Sarmin, about 8 kilometres south-east of Idlib city. AFP
  • Syrians ride their motorcycles through a damaged neighbourhood in the town of Binnish in Idlib province. AFP
    Syrians ride their motorcycles through a damaged neighbourhood in the town of Binnish in Idlib province. AFP
  • A boy rides his bicycle past damaged buildings in Idlib city. AFP
    A boy rides his bicycle past damaged buildings in Idlib city. AFP
  • A boy watches as a man paints a mural on the roof of a collapsed building in Binnish to commemorate the ninth anniversary of the Syrian war. AFP
    A boy watches as a man paints a mural on the roof of a collapsed building in Binnish to commemorate the ninth anniversary of the Syrian war. AFP
  • The mural shows a dove holding an olive branch in its beak flying over a Syrian opposition flag in the shape of the Arabic numeral 9, with the word 'years' below. AFP
    The mural shows a dove holding an olive branch in its beak flying over a Syrian opposition flag in the shape of the Arabic numeral 9, with the word 'years' below. AFP
  • A mural on the wall of a destroyed school in Sarmin. The slogan refers to the Syrian government considering all rebels terrorists. AFP
    A mural on the wall of a destroyed school in Sarmin. The slogan refers to the Syrian government considering all rebels terrorists. AFP
  • Like other towns in Idlib, Afis has sustained widespread destruction due to heavy fighting and air strikes. AFP
    Like other towns in Idlib, Afis has sustained widespread destruction due to heavy fighting and air strikes. AFP
  • A destroyed house in the village of Al Mastuma, about 7 kilometres south of Idlib city. AFP
    A destroyed house in the village of Al Mastuma, about 7 kilometres south of Idlib city. AFP
  • A man walks through a destroyed neighbourhood in Al Mastuma. AFP
    A man walks through a destroyed neighbourhood in Al Mastuma. AFP

Syrians in Idlib targeted in at least 52 possible war crimes


Jamie Prentis
  • English
  • Arabic

Civilians in Idlib are enduring “unfathomable suffering” as Syrian regime forces and their allies bombard the last remaining areas under rebel control, a UN report has found.

Hundreds of Syrian men, women and children have been killed in ground and air attacks by the regime and its Russian allies.

These have obliterated towns, villages and civilian infrastructure from November last year until this June.

A report from the UN Syria Commission of Inquiry provided detailed accounts of 52 attacks amid the carnage in the last province outside the regime's control.

Hospitals, schools, markets and homes have been destroyed with ground assaults from the Syrian army and its allies often using cluster bombs.

Regime attacks on Maarat Al Numan and Ariha in Idlib, and Atarib and Darat Azza in western Aleppo at the end of 2019 and early this year led to mass displacement with civilians forced to flee “and may amount to the crimes against humanity of forcible transfer, murder and other inhumane acts”.

“We document two incidents in the report where we think it was Russian airplanes that conducted those attacks,” said panel member Hanny Megally.

The report said Russian warplanes were solely implicated in a deadly March 5 strike on a poultry farm near Marat Misrin that sheltered displaced people, and in three strikes that damaged a hospital in the rebel-held town of Ariha on Jan. 29.

Russia denies involvement in the second attack, it said.

The report said civilians faced a vast array of threats, including from rebel groups such as Hayat Tahrir Al Sham, the dominant umbrella group of opposition militants in Syria.

Other threats include indiscriminate aerial bombardments, arrest, torture, pillaging and dire conditions at the border with Turkey.

"What is clear from the military campaign is that pro-government forces and UN-designated terrorists flagrantly violated the laws of war and the rights of Syrian civilians," said Paulo Pinheiro, chairman of the commission.

“It is completely abhorrent that, after more than nine years, civilians continue to be indiscriminately attacked, or even targeted, while going about their daily lives.

“Children were shelled at school, parents were shelled at the market, patients were shelled at the hospital and entire families were bombarded even while fleeing."

Hayat Tahrir, a former Al Qaeda affiliate, was accused of pillaging homes when civilians fled.

The group was also found to have tortured and executed dissenting civilians including journalists, and to have shelled heavily populated areas in government-held territory.

  • A mask-clad civil society volunteer marches with an effigy depicting the SARS-CoV-2 virion, the agent responsible for the COVID-19 coronavirus disease, during an awareness campaign about the novel coronavirus pandemic, urging people to remain at home, in Syria's northwestern city of Idlib in Idlib province on March 24, 2020. (Photo by Abdulaziz KETAZ / AFP)
    A mask-clad civil society volunteer marches with an effigy depicting the SARS-CoV-2 virion, the agent responsible for the COVID-19 coronavirus disease, during an awareness campaign about the novel coronavirus pandemic, urging people to remain at home, in Syria's northwestern city of Idlib in Idlib province on March 24, 2020. (Photo by Abdulaziz KETAZ / AFP)
  • Syrian Kurdish passengers who were stranded in Damascus arrive in Qamishli in Syria's northeastern Hasakeh province on April 5, 2020, after being stranded in Damascus for the past weeks. (Photo by DELIL SOULEIMAN / AFP)
    Syrian Kurdish passengers who were stranded in Damascus arrive in Qamishli in Syria's northeastern Hasakeh province on April 5, 2020, after being stranded in Damascus for the past weeks. (Photo by DELIL SOULEIMAN / AFP)
  • A drone image taken on April 9, 2020, shows a sanitation worker disinfecting a camp for displaced Syrians next to the Idlib municipal stadium in the northwestern Syrian city, during a campaign to limit the spread of the coronavirus (COVID-19) pandemic. (Photo by OMAR HAJ KADOUR / AFP)
    A drone image taken on April 9, 2020, shows a sanitation worker disinfecting a camp for displaced Syrians next to the Idlib municipal stadium in the northwestern Syrian city, during a campaign to limit the spread of the coronavirus (COVID-19) pandemic. (Photo by OMAR HAJ KADOUR / AFP)
  • A medic checks the body temperature of young passengers, as a preventive measure against the coronavirus, upon their arrival by bus in Syria's Kurdish area from Iraqi Kurdistan via the Semalka border crossing in northeastern Syria on February 26, 2020. (Photo by Delil SOULEIMAN / AFP)
    A medic checks the body temperature of young passengers, as a preventive measure against the coronavirus, upon their arrival by bus in Syria's Kurdish area from Iraqi Kurdistan via the Semalka border crossing in northeastern Syria on February 26, 2020. (Photo by Delil SOULEIMAN / AFP)
  • A picture taken on April 27, 2020 shows Syrians who returned from Turkey standing at a quarantine facility in the countryside of the town of Jisr al-Shughur, west of the mostly rebel-held Syrian province of Idlib, on April 27, 2020 during the coronavirus COVID-19 pandemic. / AFP / Abdulaziz KETAZ
    A picture taken on April 27, 2020 shows Syrians who returned from Turkey standing at a quarantine facility in the countryside of the town of Jisr al-Shughur, west of the mostly rebel-held Syrian province of Idlib, on April 27, 2020 during the coronavirus COVID-19 pandemic. / AFP / Abdulaziz KETAZ
  • epa08392436 A truck for prevention against the COVID-19 coronavirus disease, operated by local NGO 'Violet Organization', drives through the streets of Idlib, Syria, 29 April 2020. EPA/YAHYA NEMAH
    epa08392436 A truck for prevention against the COVID-19 coronavirus disease, operated by local NGO 'Violet Organization', drives through the streets of Idlib, Syria, 29 April 2020. EPA/YAHYA NEMAH
  • Artist Aziz al-Asmar paints a mural wishing for the well-being of German Chancellor Angela Merkel, who is in quarantine after being treated by a doctor who tested positive for coronavirus (COVID-19), inside a damaged building in the town of Binnish in Syria's northwestern Idlib province on March 24, 2020. (Photo by Muhammad HAJ KADOUR / AFP)
    Artist Aziz al-Asmar paints a mural wishing for the well-being of German Chancellor Angela Merkel, who is in quarantine after being treated by a doctor who tested positive for coronavirus (COVID-19), inside a damaged building in the town of Binnish in Syria's northwestern Idlib province on March 24, 2020. (Photo by Muhammad HAJ KADOUR / AFP)
  • A member of the Kurdish Internal Security Forces of Asayesh urges children to return home, in Syria's northeastern city of Hasakeh on April 30, 2020, following measures taken by the Kurdish-led local authorities there, to limit the spread of the novel coronavirus. / AFP / DELIL SOULEIMAN
    A member of the Kurdish Internal Security Forces of Asayesh urges children to return home, in Syria's northeastern city of Hasakeh on April 30, 2020, following measures taken by the Kurdish-led local authorities there, to limit the spread of the novel coronavirus. / AFP / DELIL SOULEIMAN
  • Syrian boys pose for a picture during an awareness workshop on Coronavirus (COVID-19) held by Doctor Ali Ghazal at a camp for displaced people in Atme town in Syria's northwestern Idlib province, near the border with Turkey, on March 14, 2020. (Photo by AAREF WATAD / AFP)
    Syrian boys pose for a picture during an awareness workshop on Coronavirus (COVID-19) held by Doctor Ali Ghazal at a camp for displaced people in Atme town in Syria's northwestern Idlib province, near the border with Turkey, on March 14, 2020. (Photo by AAREF WATAD / AFP)
  • A handout picture released by the official Syrian Arab News Agency (SANA) on March 20, 2020 shows Syrian Red Crescent vehicles spraying disinfectant along a street in the capital Damascus, as part of measures against the spread of COVID-19 coronavirus disease. (Photo by - / SANA / AFP) / == RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / HO / SANA" - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS ==
    A handout picture released by the official Syrian Arab News Agency (SANA) on March 20, 2020 shows Syrian Red Crescent vehicles spraying disinfectant along a street in the capital Damascus, as part of measures against the spread of COVID-19 coronavirus disease. (Photo by - / SANA / AFP) / == RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / HO / SANA" - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS ==
  • A volunteer from the Violet organisation disinfects a mosque in Syria's northwestern city of Idlib on April 25, 2020, from coronavirus (COVID-19) during the Muslim holy fasting month of Ramadan. (Photo by OMAR HAJ KADOUR / AFP)
    A volunteer from the Violet organisation disinfects a mosque in Syria's northwestern city of Idlib on April 25, 2020, from coronavirus (COVID-19) during the Muslim holy fasting month of Ramadan. (Photo by OMAR HAJ KADOUR / AFP)
  • Only a few people walk in the century-old covered bazaar of Hamidiya in Syria's capital Damascus on March 24, 2020, after measures were taken by the authorities to fight the novel coronavirus pandemic. - Across much of the Syrian capital, with squares and markets once thronging with people even during the war, are now almost entirely empty. Five cases of COVID-19 have been reported in the country since Sunday, and the authorities have ordered all non-essential businesses closed. (Photo by LOUAI BESHARA / AFP)
    Only a few people walk in the century-old covered bazaar of Hamidiya in Syria's capital Damascus on March 24, 2020, after measures were taken by the authorities to fight the novel coronavirus pandemic. - Across much of the Syrian capital, with squares and markets once thronging with people even during the war, are now almost entirely empty. Five cases of COVID-19 have been reported in the country since Sunday, and the authorities have ordered all non-essential businesses closed. (Photo by LOUAI BESHARA / AFP)
  • Researchers are examining the possibility of using inhalers to introduce stem cells into a patients lungs. AFP
    Researchers are examining the possibility of using inhalers to introduce stem cells into a patients lungs. AFP
  • A member of the Syrian Violet NGO disinfects a triage tent erected for suspected coronavirus patients outside the Ibn Sina Hospital in Syria's northwestern Idlib city on March 19, 2020. - Syrian authorities on March 13 announced measures aimed at preventing coronavirus from reaching the war-torn country, including school closures and a ban on smoking shisha in cafes, state media reported. (Photo by Abdulaziz KETAZ / AFP)
    A member of the Syrian Violet NGO disinfects a triage tent erected for suspected coronavirus patients outside the Ibn Sina Hospital in Syria's northwestern Idlib city on March 19, 2020. - Syrian authorities on March 13 announced measures aimed at preventing coronavirus from reaching the war-torn country, including school closures and a ban on smoking shisha in cafes, state media reported. (Photo by Abdulaziz KETAZ / AFP)
  • A young pupil follows a lesson on a mobile telephone inside a tent, in a camp for displaced Syrians in the village of Kafr Yahmoul in the northwestern Idlib province, amid the coronavirus pandemic on April 3, 2020. - Like in much of the world, educators in Syria are taking classes online after the country's various regions sent pupils home hoping to stem the COVID-19 pandemic. But distance learning is no small feat in a country battered by nine years of war, where fighting has displaced millions and the electricity supply is sporadic at best. (Photo by Aref TAMMAWI / AFP)
    A young pupil follows a lesson on a mobile telephone inside a tent, in a camp for displaced Syrians in the village of Kafr Yahmoul in the northwestern Idlib province, amid the coronavirus pandemic on April 3, 2020. - Like in much of the world, educators in Syria are taking classes online after the country's various regions sent pupils home hoping to stem the COVID-19 pandemic. But distance learning is no small feat in a country battered by nine years of war, where fighting has displaced millions and the electricity supply is sporadic at best. (Photo by Aref TAMMAWI / AFP)

“Women, men and children that we interviewed faced the ghastly choice of being bombarded or fleeing deeper into HTS-controlled areas where there are rampant abuses of human rights and extremely limited humanitarian assistance,” said Karen Koning AbuZayd, a member of the inquiry. “The acts by HTS members amount to war crimes.”

Hanny Megally, another member of the inquiry, said that the Covid-19 pandemic was making the situation even worse in Idlib and western Aleppo. As many as a million people are believed to be displaced in Idlib alone.

“Now more than ever, civilians need sustained and unfettered access to humanitarian assistance, which must neither be politicised by member states nor instrumentalised by parties to the conflict,” he said. “Pandemics know no borders; neither should life-saving aid.”

The report said that “a perfect storm” is in the making as Syria faces the coronavirus outbreak.

MATCH INFO

Arsenal 1 (Aubameyang 12’) Liverpool 1 (Minamino 73’)

Arsenal win 5-4 on penalties

Man of the Match: Ainsley Maitland-Niles (Arsenal)

2021 World Triathlon Championship Series

May 15: Yokohama, Japan
June 5: Leeds, UK
June 24: Montreal, Canada
July 10: Hamburg, Germany
Aug 17-22: Edmonton, Canada (World Triathlon Championship Final)
Nov 5-6 : Abu Dhabi, UAE
Date TBC: Chengdu, China

Pox that threatens the Middle East's native species

Camelpox

Caused by a virus related to the one that causes human smallpox, camelpox typically causes fever, swelling of lymph nodes and skin lesions in camels aged over three, but the animal usually recovers after a month or so. Younger animals may develop a more acute form that causes internal lesions and diarrhoea, and is often fatal, especially when secondary infections result. It is found across the Middle East as well as in parts of Asia, Africa, Russia and India.

Falconpox

Falconpox can cause a variety of types of lesions, which can affect, for example, the eyelids, feet and the areas above and below the beak. It is a problem among captive falcons and is one of many types of avian pox or avipox diseases that together affect dozens of bird species across the world. Among the other forms are pigeonpox, turkeypox, starlingpox and canarypox. Avipox viruses are spread by mosquitoes and direct bird-to-bird contact.

Houbarapox

Houbarapox is, like falconpox, one of the many forms of avipox diseases. It exists in various forms, with a type that causes skin lesions being least likely to result in death. Other forms cause more severe lesions, including internal lesions, and are more likely to kill the bird, often because secondary infections develop. This summer the CVRL reported an outbreak of pox in houbaras after rains in spring led to an increase in mosquito numbers.

From exhibitions to the battlefield

In 2016, the Shaded Dome was awarded with the 'De Vernufteling' people's choice award, an annual prize by the Dutch Association of Consulting Engineers and the Royal Netherlands Society of Engineers for the most innovative project by a Dutch engineering firm.

It was assigned by the Dutch Ministry of Defence to modify the Shaded Dome to make it suitable for ballistic protection. Royal HaskoningDHV, one of the companies which designed the dome, is an independent international engineering and project management consultancy, leading the way in sustainable development and innovation.

It is driving positive change through innovation and technology, helping use resources more efficiently.

It aims to minimise the impact on the environment by leading by example in its projects in sustainable development and innovation, to become part of the solution to a more sustainable society now and into the future.

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China

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UAE

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Japan

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Norway

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Blackpink World Tour [Born Pink] In Cinemas

Starring: Rose, Jisoo, Jennie, Lisa

Directors: Min Geun, Oh Yoon-Dong

Rating: 3/5

RESULTS

Cagliari 5-2 Fiorentina
Udinese 0-0 SPAL
Sampdoria 0-0 Atalanta
Lazio 4-2 Lecce
Parma 2-0 Roma
Juventus 1-0 AC Milan

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Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
Important questions to consider

1. Where on the plane does my pet travel?

There are different types of travel available for pets:

  • Manifest cargo
  • Excess luggage in the hold
  • Excess luggage in the cabin

Each option is safe. The feasibility of each option is based on the size and breed of your pet, the airline they are traveling on and country they are travelling to.

 

2. What is the difference between my pet traveling as manifest cargo or as excess luggage?

If traveling as manifest cargo, your pet is traveling in the front hold of the plane and can travel with or without you being on the same plane. The cost of your pets travel is based on volumetric weight, in other words, the size of their travel crate.

If traveling as excess luggage, your pet will be in the rear hold of the plane and must be traveling under the ticket of a human passenger. The cost of your pets travel is based on the actual (combined) weight of your pet in their crate.

 

3. What happens when my pet arrives in the country they are traveling to?

As soon as the flight arrives, your pet will be taken from the plane straight to the airport terminal.

If your pet is traveling as excess luggage, they will taken to the oversized luggage area in the arrival hall. Once you clear passport control, you will be able to collect them at the same time as your normal luggage. As you exit the airport via the ‘something to declare’ customs channel you will be asked to present your pets travel paperwork to the customs official and / or the vet on duty. 

If your pet is traveling as manifest cargo, they will be taken to the Animal Reception Centre. There, their documentation will be reviewed by the staff of the ARC to ensure all is in order. At the same time, relevant customs formalities will be completed by staff based at the arriving airport. 

 

4. How long does the travel paperwork and other travel preparations take?

This depends entirely on the location that your pet is traveling to. Your pet relocation compnay will provide you with an accurate timeline of how long the relevant preparations will take and at what point in the process the various steps must be taken.

In some cases they can get your pet ‘travel ready’ in a few days. In others it can be up to six months or more.

 

5. What vaccinations does my pet need to travel?

Regardless of where your pet is traveling, they will need certain vaccinations. The exact vaccinations they need are entirely dependent on the location they are traveling to. The one vaccination that is mandatory for every country your pet may travel to is a rabies vaccination.

Other vaccinations may also be necessary. These will be advised to you as relevant. In every situation, it is essential to keep your vaccinations current and to not miss a due date, even by one day. To do so could severely hinder your pets travel plans.

Source: Pawsome Pets UAE

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Sri Lanka Test squad:

Dimuth Karunaratne (stand-in captain), Niroshan Dickwella (vice captain), Lahiru Thirimanne, Kaushal Silva, Kusal Mendis, Kusal Janith Perera, Milinda Siriwardana, Dhananjaya de Silva, Oshada Fernando, Angelo Perera, Suranga Lakmal, Kasun Rajitha, Vishwa Fernando, Chamika Karunaratne, Mohamed Shiraz, Lakshan Sandakan and Lasith Embuldeniya.

THE SPECS

Engine: 2.0-litre 4-cylinder turbo

Power: 275hp at 6,600rpm

Torque: 353Nm from 1,450-4,700rpm

Transmission: 8-speed dual-clutch auto

Top speed: 250kph

Fuel consumption: 6.8L/100km

On sale: Now

Price: Dh146,999

The specs: Lamborghini Aventador SVJ

Price, base: Dh1,731,672

Engine: 6.5-litre V12

Gearbox: Seven-speed automatic

Power: 770hp @ 8,500rpm

Torque: 720Nm @ 6,750rpm

Fuel economy: 19.6L / 100km

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

World Cricket League Division 2

In Windhoek, Namibia - Top two teams qualify for the World Cup Qualifier in Zimbabwe, which starts on March 4.

UAE fixtures

Thursday, February 8 v Kenya; Friday, February v Canada; Sunday, February 11 v Nepal; Monday, February 12 v Oman; Wednesday, February 14 v Namibia; Thursday, February 15 final

Fixtures

Tuesday - 5.15pm: Team Lebanon v Alger Corsaires; 8.30pm: Abu Dhabi Storms v Pharaohs

Wednesday - 5.15pm: Pharaohs v Carthage Eagles; 8.30pm: Alger Corsaires v Abu Dhabi Storms

Thursday - 4.30pm: Team Lebanon v Pharaohs; 7.30pm: Abu Dhabi Storms v Carthage Eagles

Friday - 4.30pm: Pharaohs v Alger Corsaires; 7.30pm: Carthage Eagles v Team Lebanon

Saturday - 4.30pm: Carthage Eagles v Alger Corsaires; 7.30pm: Abu Dhabi Storms v Team Lebanon

THE SPECS

GMC Sierra Denali 1500

Engine: 6.2-litre V8

Transmission: 10-speed automatic

Power: 420hp

Torque: 623Nm

Price: Dh232,500

How to get there

Emirates (www.emirates.com) flies directly to Hanoi, Vietnam, with fares starting from around Dh2,725 return, while Etihad (www.etihad.com) fares cost about Dh2,213 return with a stop. Chuong is 25 kilometres south of Hanoi.
 

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.”

RACECARD
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Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

UAE currency: the story behind the money in your pockets
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

Red Joan

Director: Trevor Nunn

Starring: Judi Dench, Sophie Cookson, Tereza Srbova

Rating: 3/5 stars

THE SPECS – Honda CR-V Touring AWD

Engine: 2.4-litre 4-cylinder

Power: 184hp at 6,400rpm

Torque: 244Nm at 3,900rpm

Transmission: Continuously Variable Transmission (CVT)

0-100kmh in 9.4 seconds

Top speed: 202kmh

Fuel consumption: 6.8L/100km

Price: From Dh122,900