Stacey Abrams, running for the Democratic primary for Georgia's 2018 governor's race, speaks at a Young Democrats of Cobb County meeting as she campaigns in Cobb County, Georgia, U.S. on November 16, 2017. Chris Aluka Berry / Reuters 
Stacey Abrams, running for the Democratic primary for Georgia's 2018 governor's race, speaks at a Young Democrats of Cobb County meeting as she campaigns in Cobb County, Georgia, U.S. on November 16, Show more

GOP candidates for Georgia governor ready for runoff



Stacey Abrams got immediate accolades and attention nationally as Georgia Democrats nominated her for the state's top job, but any focus on her chances becoming the nation's first black female governor has to wait for her Republican opponent who won't be settled for another two months.

With votes still being tallied, Lt. Gov. Casey Cagle and Secretary of State Brian Kemp largely skipped the celebrations and pivoted directly to talk of a runoff contest that will decide who faces Ms Abrams in November.

At his Athens watch party, Mr Kemp told supporters, "I want to thank you all, our thousands of supporters around the state, for helping us punch our ticket to the runoff."

At a gathering in Gainesville, Mr Cagle told the crowd: "It's great to come in first place. We've got a lot more to be done."

"We are right where we need to be in terms of this runoff," Mr Cagle said.

Ms Abrams secured the Democratic nomination, becoming the first woman to do so. She will face the winner of the July 24 GOP runoff.

Ms Abrams beat former state Rep. Stacey Evans in a race featuring two former legislative colleagues tussling over ethics accusations and their respective records on education.

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Read more:

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Ryan on the ropes as unruly republicans in near rebellion

_________

Ms Abrams campaign was plagued by allegations of ethics violations, including that she reimbursed herself money from campaign accounts without record and that she used campaign resources to promote book sales from which she personally profited. She has denied the allegations.

Ms Abrams got a last-minute boost with an endorsement - in the form of a 60-second robo-call - from Hillary Clinton.

In the Republican race, Mr Cagle and Mr Kemp beat three GOP rivals in a race characterised by strong support for gun rights and tough talk on immigration.

The field was all white men: former legislators, officeholders and businessmen, some with decades of political experience and others positioning themselves as outsiders challenging the establishment.

Mr Cagle garnered national headlines in February when he threatened to kill a tax break benefiting Delta Air Lines, one of Georgia's largest employers, for ending a discount programme for members of the National Rifle Association.

Mr Kemp garnered strong criticism — and national headlines — with a series of campaign ads including one where he says he has a big truck, "Just in case I need to round up criminal illegals and take 'em home myself."

In the ballroom of a downtown Atlanta hotel, Abrams thanked supporters and outlined her vision for the future.

She drew loud and sustained applause when she told the crowd, "We can repeal campus carry and we can expand HOPE," referring to a law that allows guns to be brought onto college campuses and a popular scholarship programme.

Ms Abrams said: "We are writing the next chapter of Georgia's future, where no one is unseen, no one is unheard and no one is uninspired."

The candidates are vying to succeed term-limited Republican Gov. Nathan Deal, who has held the office since 2011.

Origin
Dan Brown
Doubleday

Business Insights
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Director: Alfonso Cuaron 

Stars: Cate Blanchett, Kevin Kline, Lesley Manville 

Rating: 4/5

yallacompare profile

Date of launch: 2014

Founder: Jon Richards, founder and chief executive; Samer Chebab, co-founder and chief operating officer, and Jonathan Rawlings, co-founder and chief financial officer

Based: Media City, Dubai 

Sector: Financial services

Size: 120 employees

Investors: 2014: $500,000 in a seed round led by Mulverhill Associates; 2015: $3m in Series A funding led by STC Ventures (managed by Iris Capital), Wamda and Dubai Silicon Oasis Authority; 2019: $8m in Series B funding with the same investors as Series A along with Precinct Partners, Saned and Argo Ventures (the VC arm of multinational insurer Argo Group)

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  • Lower Bowl Platinum - Dh95
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If you go...

Fly from Dubai or Abu Dhabi to Chiang Mai in Thailand, via Bangkok, before taking a five-hour bus ride across the Laos border to Huay Xai. The land border crossing at Huay Xai is a well-trodden route, meaning entry is swift, though travellers should be aware of visa requirements for both countries.

Flights from Dubai start at Dh4,000 return with Emirates, while Etihad flights from Abu Dhabi start at Dh2,000. Local buses can be booked in Chiang Mai from around Dh50

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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Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

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Stay indoors when conditions are particularly poor.

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Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
Rating: 4/5
The Sand Castle

Director: Matty Brown

Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

Rating: 2.5/5

If you go
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.

When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.

How to get there: Emirates currently flies from Dubai to Orlando five times a week.