WASHINGTON // It started in May with a spiteful email to the top US commander in Afghanistan. An anonymous writer warned Gen John Allen that a friend he was meeting in Washington the next week was trouble and he should stay away from her.
Gen Allen thought the email was a joke as he could not understand how anyone else would know about his personal plans with his friend, Florida socialite Jill Kelley, a person close to Ms Kelley said.
That email began a chain of events that led to the downfall of the CIA director, David Petraeus, put Gen Allen's career on hold and landed a decorated FBI agent in hot water for talking about an ongoing investigation.
The FBI traced that email and others of a similar vein to Paula Broadwell, Mr Petraeus' biographer, who agents would soon learn had also been his lover.
The fast-moving scandal broke just days after US president Barack Obama was elected to a second term in office. Mr Obama's administration had been on the defensive for weeks because of a terror attack on the US consulate in Benghazi, Libya, that left four Americans dead.
Briefings on the attack had been postponed until after the election and are now focused more on Mr Petraeus' love life than on how terrorists were able to attack the poorly defended consulate. Mr Obama said on Wednesday that he's seen no evidence that national security was damaged by the revelations that ended his CIA director's career and imperil that of his Afghanistan war chief.
But legislators are not taking Mr Obama's word for it and have grilled FBI and CIA officials privately about the same issues: whether national security was jeopardised by the case and why they did not know about the investigation sooner.
The FBI's investigation of the matter began last summer when Ms Kelley turned over anonymous emails that had been sent to her and Gen Allen. The first was sent to Gen Allen in May, under the pseudonym "Kelleypatrol," the person close to Ms Kelley said.
In middle of the summer, Ms Kelley shared these emails with an FBI agent, Frederick W Humphries, who she met at an FBI community programme last year. Concerned that someone was tracking the movements of Gen Allen and Mr Petraeus, Humphries set the investigation in motion when he handed the information to the FBI's cyber squad in Tampa.
But Mr Humphries was cut out of the loop and took that to mean the FBI was not taking the case seriously, the source said.
Mr Humphries would later reach out to Congress in a whistle-blower role that has now landed him under internal scrutiny at the bureau.
But the FBI was taking the case seriously and continues to investigate. The bureau has found a substantial number of classified documents on Ms Broadwell's computer and in her home, according to a law enforcement official.
Ms Broadwell has told agents that she took classified documents out of security government buildings, the official said.
Unauthorised possession of classified national defence documents is a crime. The Army has suspended Ms Broadwell's security clearance, which she had as a former Army intelligence officer.
The FBI also found emails between Ms Kelley and Gen Allen that were turned over to the Defense Department for investigation. Mr Obama has put on hold Gen Allen's nomination to become the next commander of US European Command as well as the Nato supreme allied commander in Europe until Pentagon investigators are able to sift through the emails that involve Gen Allen and Ms Kelley.
Gen Martin Dempsey, chairman of the Joint Chiefs of Staff, said yesterday he still expects Gen Allen to eventually take over the European Command but acknowledged, "I see this investigation and how long it could take affecting that."
Gen Dempsey said "I absolutely have confidence" in Gen Allen's ability to continue in command in Afghanistan despite the distraction of the scandal.
The FBI director, Robert Mueller, and the deputy director, Sean Joyce, met legislators privately on Wednesday to explain how the investigation unfolded.
Acting CIA Director Michael Morell went before the house panel next, after meeting a day earlier with top senate intelligence officials to explain the CIA's take on events that led to Mr Petraeus' resignation.
The questioning on Capitol Hill was continuing yesterday.
And Ms Kelley's decision to contact her friend at the FBI continues to reverberate months later. Her own pass to enter MacDill Air Force Base in Florida had been indefinitely suspended, a move that ends her easy access to the senior military officials in her social world.
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How the UAE gratuity payment is calculated now
Employees leaving an organisation are entitled to an end-of-service gratuity after completing at least one year of service.
The tenure is calculated on the number of days worked and does not include lengthy leave periods, such as a sabbatical. If you have worked for a company between one and five years, you are paid 21 days of pay based on your final basic salary. After five years, however, you are entitled to 30 days of pay. The total lump sum you receive is based on the duration of your employment.
1. For those who have worked between one and five years, on a basic salary of Dh10,000 (calculation based on 30 days):
a. Dh10,000 ÷ 30 = Dh333.33. Your daily wage is Dh333.33
b. Dh333.33 x 21 = Dh7,000. So 21 days salary equates to Dh7,000 in gratuity entitlement for each year of service. Multiply this figure for every year of service up to five years.
2. For those who have worked more than five years
c. 333.33 x 30 = Dh10,000. So 30 days’ salary is Dh10,000 in gratuity entitlement for each year of service.
Note: The maximum figure cannot exceed two years total salary figure.
The specs
Engine: 3.8-litre twin-turbo flat-six
Power: 650hp at 6,750rpm
Torque: 800Nm from 2,500-4,000rpm
Transmission: 8-speed dual-clutch auto
Fuel consumption: 11.12L/100km
Price: From Dh796,600
On sale: now
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.”
The specs: 2018 Mercedes-Benz E 300 Cabriolet
Price, base / as tested: Dh275,250 / Dh328,465
Engine: 2.0-litre four-cylinder
Power: 245hp @ 5,500rpm
Torque: 370Nm @ 1,300rpm
Transmission: Nine-speed automatic
Fuel consumption, combined: 7.0L / 100km
So what is Spicy Chickenjoy?
Just as McDonald’s has the Big Mac, Jollibee has Spicy Chickenjoy – a piece of fried chicken that’s crispy and spicy on the outside and comes with a side of spaghetti, all covered in tomato sauce and topped with sausage slices and ground beef. It sounds like a recipe that a child would come up with, but perhaps that’s the point – a flavourbomb combination of cheap comfort foods. Chickenjoy is Jollibee’s best-selling product in every country in which it has a presence.
'How To Build A Boat'
Jonathan Gornall, Simon & Schuster
Museum of the Future in numbers
- 78 metres is the height of the museum
- 30,000 square metres is its total area
- 17,000 square metres is the length of the stainless steel facade
- 14 kilometres is the length of LED lights used on the facade
- 1,024 individual pieces make up the exterior
- 7 floors in all, with one for administrative offices
- 2,400 diagonally intersecting steel members frame the torus shape
- 100 species of trees and plants dot the gardens
- Dh145 is the price of a ticket
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