LONDON // An extremist cleric, once described by a judge as Osama bin Laden's "right-hand man in Europe", is facing indefinite imprisonment in Britain.
Abu Qatada, who has been on bail recently amid the UK government's continuing efforts to deport him to his native Jordan, will appear in court today accused of planning to flee to Lebanon, even though he has no passport.
Qatada, 47, who arrived in Britain 15 years ago on a forged UAE passport, has already been convicted in absentia in Jordan for his role in plotting a bombing campaign against tourists in 1998.
A British judge blocked his extradition to Jordan this year and ordered his release from prison on strict bail conditions, including that he wear an electronic tag, not attend a mosque and remain in his home in west London for 22 hours a day.
The judge ruled out the deportation because he said that he could not be sure that Qatada would not be tortured if sent back to Jordan. The British government is appealing the judge's rejection of the extradition on the grounds that it has obtained guarantees from the Jordanians that Qatada will not be tortured.
On Saturday, Jacqui Smith, the home secretary, ordered that Qatada be arrested after the UK Border Agency uncovered evidence that the father of five was planning to surreptitiously slip out of the country and seek refuge in Lebanon.
Qatada, held in Belmarsh Prison, a high security centre in south London, will appear before a judge presiding over a special immigration appeals commission hearing, accused of breaching his bail conditions.
The government wants him to be kept in prison for as long as it takes for his extradition case to be resolved, labelling him a threat to national security.
Although Qatada has always publicly distanced himself from al Qa'eda and says that he has never met bin Laden, tapes of his radical sermons were found in a Hamburg flat used by some of those involved in the September 11 attacks.
Richard Reid, a British convert to Islam who tried to blow up a trans-Atlantic airliner with a shoe bomb, and Zacarias Moussaoui, serving a life sentence in the United States for his role in the September 11 plot, both consulted Qatada on aspects of their religious beliefs.
Arrest warrants accusing him of involvement in terrorism have also been issued in Algeria, Belgium, France, Germany, Spain and the United States.
Qatada was granted asylum in Britain in 1994. Five years later, he made a speech advocating the killing of Jews and attacks on the United States. Despite finding a haven in Britain, he also stated that there was no difference between the English, Jews and US citizens.
Early in 2001, he was questioned by anti-terrorism police regarding alleged connections to a German terrorism cell. Officers found £170,000 (Dh986,000) in cash in his home, including £805 in an envelope marked "For the Mujahideen in Chechnya", but no charges were brought.
He went on the run later that year to avoid detention under new restrictions brought in after September 11, but was detained in Oct 2002 after being tracked down to a council-owned house in south London.
Qatada was locked up under emergency anti-terrorism legislation. He "was considered too dangerous to live at liberty, too difficult to prosecute and too much at risk of torture or execution to be extradited to Jordan", commented The Guardian, a British newspaper.
Although he was freed on strict conditions in March 2005, he was taken back into custody five months later at the start of proceedings to extradite him to Jordan after the government in Amman had given assurances that Qatada would not be tortured or face the death penalty.
Justice Lawrence Collins, who chaired an immigration appeal tribunal hearing into Qatada's case, said he believed that the cleric was at the centre of al Qa'eda-linked terrorist activity in Britain.
"He is a truly dangerous individual," the judge said. "We have no doubt that his beliefs are extreme and are, indeed, a perversion of Islam for the purposes of encouraging violence against non-Muslims and Muslims who are or have been supportive of Americans."
In an interview with CNN, Qatada said that although he had never met bin Laden he would have been proud to have done so. He claimed that he belonged to no organisation but said there was nothing to stop "anyone who belongs to al Qa'eda or any other organisation listening to me, asking my opinion or learning from me".
Qatada's bail conditions are intended to prevent any contact with terrorists. He cannot use computers or mobile phones, even the two hours that he is allowed out of his home are split into one-hour segments to prevent him travelling too far. Named individuals he is barred from contacting include bin Laden and Ayman al Zawahiri, bin Laden's deputy.
The Daily Telegraph, a London newspaper, commented yesterday: "Since this whole episode is the consequence of trying to eject him from the country, why are we stopping him trying to leave? Once he has gone, he could be refused permission to come back.
"Now it is being suggested he will be returned to prison, at taxpayers' expense, for breaching his bail conditions. This is madness.
"Surely, we should be buying him his ticket - one way only."
dsapsted@thenational.ae
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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.”
If you go...
Etihad Airways flies from Abu Dhabi to Kuala Lumpur, from about Dh3,600. Air Asia currently flies from Kuala Lumpur to Terengganu, with Berjaya Hotels & Resorts planning to launch direct chartered flights to Redang Island in the near future. Rooms at The Taaras Beach and Spa Resort start from 680RM (Dh597).
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Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.
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What is blockchain?
Blockchain is a form of distributed ledger technology, a digital system in which data is recorded across multiple places at the same time. Unlike traditional databases, DLTs have no central administrator or centralised data storage. They are transparent because the data is visible and, because they are automatically replicated and impossible to be tampered with, they are secure.
The main difference between blockchain and other forms of DLT is the way data is stored as ‘blocks’ – new transactions are added to the existing ‘chain’ of past transactions, hence the name ‘blockchain’. It is impossible to delete or modify information on the chain due to the replication of blocks across various locations.
Blockchain is mostly associated with cryptocurrency Bitcoin. Due to the inability to tamper with transactions, advocates say this makes the currency more secure and safer than traditional systems. It is maintained by a network of people referred to as ‘miners’, who receive rewards for solving complex mathematical equations that enable transactions to go through.
However, one of the major problems that has come to light has been the presence of illicit material buried in the Bitcoin blockchain, linking it to the dark web.
Other blockchain platforms can offer things like smart contracts, which are automatically implemented when specific conditions from all interested parties are reached, cutting the time involved and the risk of mistakes. Another use could be storing medical records, as patients can be confident their information cannot be changed. The technology can also be used in supply chains, voting and has the potential to used for storing property records.
Business Insights
- As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses.
- SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income.
- Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
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How to wear a kandura
Dos
- Wear the right fabric for the right season and occasion
- Always ask for the dress code if you don’t know
- Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work
- Wear 100 per cent cotton under the kandura as most fabrics are polyester
Don’ts
- Wear hamdania for work, always wear a ghutra and agal
- Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying