In this Oct. 28, 2018 file photo, Pakistan's President Arif Alvi speaks to journalists prior to departing to Turkey, in Islamabad, Pakistan. On Tuesday, Dec. 15, 2020, Alvi issued a much-awaited new law requiring the establishment of special courts to speedily conclude trials of people charged with raping women or children,. Press Information Department/AP.
In this Oct. 28, 2018 file photo, Pakistan's President Arif Alvi speaks to journalists prior to departing to Turkey, in Islamabad, Pakistan. On Tuesday, Dec. 15, 2020, Alvi issued a much-awaited new law requiring the establishment of special courts to speedily conclude trials of people charged with raping women or children,. Press Information Department/AP.
In this Oct. 28, 2018 file photo, Pakistan's President Arif Alvi speaks to journalists prior to departing to Turkey, in Islamabad, Pakistan. On Tuesday, Dec. 15, 2020, Alvi issued a much-awaited new law requiring the establishment of special courts to speedily conclude trials of people charged with raping women or children,. Press Information Department/AP.
In this Oct. 28, 2018 file photo, Pakistan's President Arif Alvi speaks to journalists prior to departing to Turkey, in Islamabad, Pakistan. On Tuesday, Dec. 15, 2020, Alvi issued a much-awaited new l

Pakistan's president approves new anti-rape law


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A new law to tackle rape in Pakistan has been praised for trying to ensure speedier justice for victims, but condemned for decreeing that attackers face chemical castration.
The law announced by President Arif Alvi was brought in after widespread public anger at a series of high-profile sexual assaults in the country.
Imran Khan vowed to overhaul rape prosecutions and even touted possible public executions following outrage when a stranded female motorist was gang raped near Lahore in September.
The new legislation, which must be approved by Parliament to remain in effect, will establish special courts to conclude trials of rape suspects within four months.
"The ordinance will help expedite cases of sexual abuse against women and children. Special courts will be set up across the country to expedite trials and cases of rape suspects as soon as possible," President Alvi said on Twitter.
A sex offenders' register will be set up and it will be forbidden to identify rape victims, he said.
The president gave few other details, but the new law is also reported to give judges the option of ordering chemical castration for those convicted.
Mr Khan is believed to have backed down from bringing in the death sentence after being warned that the European Union would remove a preferential trade status in response.
Human rights groups said the castrations would do little to improve justice and amounted to torture. While the procedure is also carried out elsewhere, it is usually a voluntary part of rehabilitation schemes rather than a compulsory punishment.
The government would do better to fix the country's flawed justice system, where cases face huge delays and criminals often buy their freedom by striking deals with the victims' family.
"Chemical castrations are a cruel, inhuman and degrading punishment," said Omar Waraich, head of South Asia at Amnesty International.
"They would violate Pakistan's international and constitutional obligations to prohibit torture, and they will do nothing to fix a flawed criminal justice system," he said.
"Instead of trying to deflect attention, the authorities should focus on the crucial work of reforms that will give women and girls the justice they deserve and the protection they need."
September's attack on a female motorist caused nationwide outrage, even in a country where violence against women is commonplace. The woman was driving to Gujranwala when she ran out of fuel in the early hours. She called relatives for help, but before they could arrive, two robbers approached the car and dragged her and her children from the vehicle.
Two men are currently awaiting trial.

Weeks later, a fresh wave of anger followed the abduction and rape of a woman and her five-year-old daughter. The pair had been lured to a house with offers of work, only to be attacked by the owner and his accomplice.
Saroop Ijaz, Pakistan researcher for Human Rights Watch, said chemical castration would do nothing to protect women if the system did not encourage them to report rape.
"Rape is under-reported in Pakistan due to social stigma, poor response by the criminal justice system and other structural and social barriers.

"Rather than allowing society to be exposed to continued violence and relying on human rights violating punishments such as chemical castration, Pakistan owes its women and girls to do the hard work by addressing these barriers and offering real protection."
He said that the expansion of the definition of rape, proposed speedy trials and investigations were "welcome steps".
"However, for them to have real impact, the entire criminal justice system needs to be reformed and overhauled to make it more equitable, transparent and efficient."

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UAE currency: the story behind the money in your pockets
COMPANY%20PROFILE%20
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Fifa Club World Cup:

When: December 6-16
Where: Games to take place at Zayed Sports City in Abu Dhabi and Hazza bin Zayed Stadium in Al Ain
Defending champions: Real Madrid

Race 3

Produced: Salman Khan Films and Tips Films
Director: Remo D’Souza
Cast: Salman Khan, Anil Kapoor, Jacqueline Fernandez, Bobby Deol, Daisy Shah, Saqib Salem
Rating: 2.5 stars

box

COMPANY PROFILE

Company name: Letstango.com

Started: June 2013

Founder: Alex Tchablakian

Based: Dubai

Industry: e-commerce

Initial investment: Dh10 million

Investors: Self-funded

Total customers: 300,000 unique customers every month

THE SPECS

2020 Toyota Corolla Hybrid LE

Engine: 1.8 litre combined with 16-volt electric motors

Transmission: Automatic with manual shifting mode

Power: 121hp

Torque: 142Nm

Price: Dh95,900

The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

Specs

Engine: Dual-motor all-wheel-drive electric

Range: Up to 610km

Power: 905hp

Torque: 985Nm

Price: From Dh439,000

Available: Now

The details

Heard It in a Past Life

Maggie Rogers

(Capital Records)

3/5

Results:

2.15pm: Handicap (PA) Dh60,000 1,200m.

Winner: AZ Dhabyan, Adam McLean (jockey), Saleha Al Ghurair (trainer).

2.45pm: Maiden (PA) Dh60,000 1,200m.

Winner: Ashton Tourettes, Sam Hitchcott, Ibrahim Aseel.

3.15pm: Conditions (PA) Dh60,000 2,000m.

Winner: Hareer Al Reef, Gerald Avranche, Abdallah Al Hammadi.

3.45pm: Maiden (PA) Dh60,000 1,700m.

Winner: Kenz Al Reef, Gerald Avranche, Abdallah Al Hammadi.

4.15pm: Sheikh Ahmed bin Rashid Al Maktoum Cup (TB) Dh 200,000 1,700m.

Winner: Mystique Moon, Sam Hitchcott, Doug Watson.

4.45pm: The Crown Prince Of Sharjah Cup Prestige (PA) Dh200,000 1,200m.

Winner: ES Ajeeb, Sam Hitchcott, Ibrahim Aseel.

The specS: 2018 Toyota Camry

Price: base / as tested: Dh91,000 / Dh114,000

Engine: 3.5-litre V6

Gearbox: Eight-speed automatic

Power: 298hp @ 6,600rpm

Torque: 356Nm @ 4,700rpm

Fuel economy, combined: 7.0L / 100km

The%C2%A0specs%20
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%204-cylinder%202.0L%20TSI%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%3C%2Fstrong%3E%20Dual%20clutch%207-speed%0D%3Cbr%3E%3Cstrong%3EPower%3A%3C%2Fstrong%3E%20320HP%20%2F%20235kW%0D%3Cbr%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20400Nm%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3Efrom%20%2449%2C709%20%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20now%3C%2Fp%3E%0A
UAE currency: the story behind the money in your pockets
The biog

Hobbies: Salsa dancing “It's in my blood” and listening to music in different languages

Favourite place to travel to: “Thailand, as it's gorgeous, food is delicious, their massages are to die for!”  

Favourite food: “I'm a vegetarian, so I can't get enough of salad.”

Favourite film:  “I love watching documentaries, and am fascinated by nature, animals, human anatomy. I love watching to learn!”

Best spot in the UAE: “I fell in love with Fujairah and anywhere outside the big cities, where I can get some peace and get a break from the busy lifestyle”

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.”

Profile

Name: Carzaty

Founders: Marwan Chaar and Hassan Jaffar

Launched: 2017

Employees: 22

Based: Dubai and Muscat

Sector: Automobile retail

Funding to date: $5.5 million

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RACECARD
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The specs: Volvo XC40

Price: base / as tested: Dh185,000

Engine: 2.0-litre, turbocharged in-line four-cylinder

Gearbox: Eight-speed automatic

Power: 250hp @ 5,500rpm

Torque: 350Nm @ 1,500rpm

Fuel economy, combined: 10.4L / 100km