President Nayib Bukele won a landslide victory in El Salvador at the weekend, riding a wave of popularity over his strongman approach to security, despite criticism over human rights abuses.
Mr Bukele, 42, won with about 83 per cent of the vote, far surpassing his closest competitor, who received 7 per cent.
The self-proclaimed “world's coolest dictator” was first elected in 2019, presenting himself and his New Ideas party as the younger, hipper alternatives to the stale, corrupt traditional parties and leaders.
His youth and social media savvy were paired with a vow to eliminate gang violence and fix the economy – but who is Mr Bukele and has he delivered on his promises?
Palestinian heritage
The streets of the capital San Salvador were thronged with supporters on Sunday night, with many wearing the blue and white of the national flag and others sporting keffiyehs, in a nod to Mr Bukele's Palestinian heritage.
His paternal grandparents were Palestinian Christians, but his father, a businessman, converted to Islam and became a champion of the Palestinian cause.
Palestinian immigrants began moving to Central America in the early 20th century, right around the collapse of the Ottoman Empire, with later waves coming after the Nakba in 1948 and the 1967 Arab-Israeli war.
The Palestinian community thrived in El Salvador, successful not only commercially but also politically – a number of the country's high-ranking politicians, including two presidents so far, have been of Arab descent.
Although Mr Bukele routinely expresses pride in his roots, he has mostly toed the line when it comes to El Salvador's relations with Israel – that is, friendly, while also maintaining diplomatic relations with Palestine.
While serving as mayor of San Salvador, he visited Israel for an international mayoral conference. After the Hamas attacks of October 7, he expressed strong support for Israel.
“As a Salvadoran with Palestinian ancestry, I'm sure the best thing that could happen to the Palestinian people is for Hamas to completely disappear,” he wrote on X.
“Those savage beasts do not represent the Palestinians. Anyone who supports the Palestinian cause would make a great mistake siding with those criminals.”
Violence
Over the course of his mandate, Mr Bukele has intensified the government's approach to security in the country, which had one of the highest murder rates in the world.
The government claims El Salvador now has a murder rate equal to those of the US states of Maine or New Hampshire, although analysts have questioned those figures.
“We … changed the murder capital of the world, the world's most dangerous country, into the safest country in the Western Hemisphere,” the President said on Sunday.
Street gangs have long terrorised the country, with groups such as MS-13 engaging in kidnapping, extortion and murder.
The high level of insecurity has pushed tens of thousands of Salvadoreans out of the country in search of a better life in the US and elsewhere.
In 2022, after the national murder rate hit a record high, Mr Bukele announced a war on gangs and a state of emergency.
About 100,000 people have been swept up in police raids and jailed since, according to Insight Crime, many of them held in the so-called Terrorism Confinement Centre, a new maximum-security prison with capacity for tens of thousands of inmates.
Critics say the emergency measures have eroded human rights in the country, with police free from having to inform people of their rights or the reason for their arrest, and detainees allowed to be held for up to 15 days without seeing a judge.
Mr Bukele's election is “a clear sign that the cost in respect for human rights and checks on executive power has become secondary for Salvadoreans, compared to the dramatic gains in public safety”, said Gustavo Flores-Macias, professor of government and policy at Cornell University.
Mr Bukele has also made major political reforms that some say have led the country farther down the path towards authoritarianism.
Much like Donald Trump in the US, he has occasionally ruled by Twitter fiat, firing a number of officials through the social platform after he was elected.
And he used his New Ideas party's supermajority in the Legislative Assembly to pack the courts with supporters and reform state institutions, with the top court circumventing the constitution to allow him to run for a second consecutive term.
The Bitcoin gamble
While achieving success in bringing violence under control, Mr Bukele was not as fortunate in fixing the economy, as he came into power right at the onset of the Covid-19 pandemic.
About a third of the population of El Salvador lives in poverty, although rates have been declining over the past several years.
El Salvador, like many other countries, was hit hard by the pandemic and many more people slipped below the poverty line.
And while it came back strongly after the pandemic-driven decline, growth over the past year has mostly stagnated.
The country continues to register the slowest economic growth in Central America.
Mr Bukele has taken a unique approach to fostering economic growth and attracting investment. In 2021, El Salvador became the first country to adopt Bitcoin as legal tender.
The government bought $6.4 billion worth of the cryptocurrency and made a $1.5 billion in profit after the decision, according to DailyCoin.
What is Bitcoin and how did it start? – video
The Chivo Wallet app, released alongside the decision to adopt Bitcoin, aimed to bring the digital currency to the masses, with the incentive of $30 in Bitcoin available to all those who downloaded the app.
But the cryptocurrency experiment has largely been viewed as a failure, with the government losing about 37 per cent of its investment, according to El Pais.
Hundreds of Chivo accounts were hacked and the incentive money was stolen, along with the account owners' identities, after the introduction.
A year after its advent, “usage of Bitcoin for everyday transactions is low and is concentrated among the banked, educated, young and male population”, researchers at the University of Chicago's Becker Friedman Institute wrote in a 2022 working paper.
Despite the setbacks, however, Mr Bukele seems dedicated to making El Salvador a cryptocurrency haven.
His landslide re-election – along with his party again clinching the majority of seats in the Legislative Assembly – means he will be able to take another shot at making the country run on Bitcoin.
SPECS
Engine: 4-litre V8 twin-turbo
Power: 630hp
Torque: 850Nm
Transmission: 8-speed Tiptronic automatic
Price: From Dh599,000
On sale: Now
UAE currency: the story behind the money in your pockets
MATCH INFO
Crawley Town 3 (Tsaroulla 50', Nadesan 53', Tunnicliffe 70')
Leeds United 0
KILLING OF QASSEM SULEIMANI
Citadel: Honey Bunny first episode
Directors: Raj & DK
Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon
Rating: 4/5
The Case For Trump
By Victor Davis Hanson
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
Classification of skills
A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation.
A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.
The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000.
Indoor Cricket World Cup Dubai 2017
Venue Insportz, Dubai; Admission Free
Day 1 fixtures (Saturday)
Men 1.45pm, Malaysia v Australia (Court 1); Singapore v India (Court 2); UAE v New Zealand (Court 3); South Africa v Sri Lanka (Court 4)
Women Noon, New Zealand v South Africa (Court 3); England v UAE (Court 4); 5.15pm, Australia v UAE (Court 3); England v New Zealand (Court 4)
Squads
Pakistan: Sarfaraz Ahmed (c), Babar Azam (vc), Abid Ali, Asif Ali, Fakhar Zaman, Haris Sohail, Mohammad Hasnain, Iftikhar Ahmed, Imad Wasim, Mohammad Amir, Mohammad Nawaz, Mohammad Rizwan, Shadab Khan, Usman Shinwari, Wahab Riaz
Sri Lanka: Lahiru Thirimanne (c), Danushka Gunathilaka, Sadeera Samarawickrama, Avishka Fernando, Oshada Fernando, Shehan Jayasuriya, Dasun Shanaka, Minod Bhanuka, Angelo Perera, Wanindu Hasaranga, Lakshan Sandakan, Nuwan Pradeep, Isuru Udana, Kasun Rajitha, Lahiru Kumara
ULTRA PROCESSED FOODS
- Carbonated drinks, sweet or savoury packaged snacks, confectionery, mass-produced packaged breads and buns
- margarines and spreads; cookies, biscuits, pastries, cakes, and cake mixes, breakfast cereals, cereal and energy bars;
- energy drinks, milk drinks, fruit yoghurts and fruit drinks, cocoa drinks, meat and chicken extracts and instant sauces
- infant formulas and follow-on milks, health and slimming products such as powdered or fortified meal and dish substitutes,
- many ready-to-heat products including pre-prepared pies and pasta and pizza dishes, poultry and fish nuggets and sticks, sausages, burgers, hot dogs, and other reconstituted meat products, powdered and packaged instant soups, noodles and desserts.
Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
The specs
Engine: 4.0-litre V8 twin-turbocharged and three electric motors
Power: Combined output 920hp
Torque: 730Nm at 4,000-7,000rpm
Transmission: 8-speed dual-clutch automatic
Fuel consumption: 11.2L/100km
On sale: Now, deliveries expected later in 2025
Price: expected to start at Dh1,432,000
The five pillars of Islam
Why it pays to compare
A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.
Route 1: bank transfer
The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.
Total cost: Dh567.25 - around 2.9 per cent of the total amount
Total received: €4,670.30
Route 2: online platform
The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.
Total cost: Dh74.10, around 0.4 per cent of the transaction
Total received: €4,756
The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.
If you go
The flights
Etihad and Emirates fly direct from the UAE to Chicago from Dh5,215 return including taxes.
The hotels
Recommended hotels include the Intercontinental Chicago Magnificent Mile, located in an iconic skyscraper complete with a 1929 Olympic-size swimming pool from US$299 (Dh1,100) per night including taxes, and the Omni Chicago Hotel, an excellent value downtown address with elegant art deco furnishings and an excellent in-house restaurant. Rooms from US$239 (Dh877) per night including taxes.
First Person
Richard Flanagan
Chatto & Windus
MATCH INFO
Champions League quarter-final, first leg
Tottenham Hotspur v Manchester City, Tuesday, 11pm (UAE)
Matches can be watched on BeIN Sports
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
MOUNTAINHEAD REVIEW
Starring: Ramy Youssef, Steve Carell, Jason Schwartzman
Director: Jesse Armstrong
Rating: 3.5/5
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WIDE%20VIEW
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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.”
Get Out
Director: Jordan Peele
Stars: Daniel Kaluuya, Allison Williams, Catherine Keener, Bradley Whitford
Four stars
More on Quran memorisation:
Without Remorse
Directed by: Stefano Sollima
Starring: Michael B Jordan
4/5
MATCH INFO
Juventus 1 (Dybala 45')
Lazio 3 (Alberto 16', Lulic 73', Cataldi 90 4')
Red card: Rodrigo Bentancur (Juventus)
Brief scoreline:
Wales 1
James 5'
Slovakia 0
Man of the Match: Dan James (Wales)
From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5
UAE currency: the story behind the money in your pockets
Results
5pm: UAE Martyrs Cup (TB) Conditions Dh90,000 2,200m
Winner: Mudaarab, Jim Crowley (jockey), Erwan Charpy (trainer).
5.30pm: Wathba Stallions Cup (PA) Handicap Dh70,000 1,400m
Winner: Jawal Al Reef, Richard Mullen, Hassan Al Hammadi.
6pm: UAE Matyrs Trophy (PA) Maiden Dh80,000 1,600m
Winner: Salima Al Reef, Jesus Rosales, Abdallah Al Hammadi.
6.30pm: Sheikha Fatima bint Mubarak (IFAHR) Apprentice Championship (PA) Prestige Dh100,000 1,600m
Winner: Bainoona, Ricardo Iacopini, Eric Lemartinel.
7pm: Sheikha Fatima bint Mubarak (IFAHR) Ladies World Championship (PA) Prestige Dh125,000 1,600m
Winner: Assyad, Victoria Larsen, Eric Lemartinel.
8pm: Sheikh Zayed bin Sultan Al Nahyan Jewel Crown (PA) Group 1 Dh5,000,000 1,600m
Winner: Mashhur Al Khalediah, Jean-Bernard Eyquem, Phillip Collington.
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)
What can you do?
Document everything immediately; including dates, times, locations and witnesses
Seek professional advice from a legal expert
You can report an incident to HR or an immediate supervisor
You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline
In criminal cases, you can contact the police for additional support
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.