Pictured in this file photo, Central Intelligence Agency (CIA) director Mike Pompeo testifies before the Senate Intelligence Committee on Capitol Hill in Washington, DC on February 13, 2018. Aaron P. Bernstein /Reuters
Pictured in this file photo, Central Intelligence Agency (CIA) director Mike Pompeo testifies before the Senate Intelligence Committee on Capitol Hill in Washington, DC on February 13, 2018. Aaron P. Show more

Mike Pompeo: From soldier and spy chief to diplomat



Mike Pompeo has everything that Donald Trump wants in a senior appointment: A hawkish demeanour, a history of doggedly pursuing Hillary Clinton, and above all a military uniform.

That makes him a "winner" in Trump world and a more natural fit in his administration than Rex Tillerson, a Texas oilman many considered an odd choice as America's top diplomat. Mr Tillerson's steady and independent approach had put him at odds with the president on crucial issues from Qatar to Russia, and he had long seemed to be on borrowed time.

Mr Pompeo has quietly got on with the job in his role as director of the CIA, never notably clashing with Mr Trump. When he has spoken out he has denounced efforts to rein in some of the most controversial counterterrorism programmes introduced after 9/11 and has criticised Iran's sprawling role in the Middle East. Like Mr Tillerson, however, Mr Pompeo has said America should stand with allies such as Britain and France, who want to keep the nuclear deal reached with Tehran in 2015.

In his new secretary of state, however, the president also now has an ally playing down the impact of Russian meddling in the 2016 election.

"It is true" that Russia interfered in the vote that took Mr Trump to the White House, he said at the Aspen security conference last year, "and the one before that, and the one before that." The remarks chimed with the president's view that there was nothing untoward last time around.

Mr Pompeo's career bears all the firsts and bests that Mr Trump appreciates.

He graduated top of his class from the US military academy at West Point in 1986, before taking a degree from Harvard. A stint in private industry - setting up an aerospace and security company – was followed by election to Congress in 2010 as part of the Tea Party surge and he served on the House intelligence committee.

He was accused of Islamaphobia in the aftermath of the 2013 Boston marathon bombing, when he took to the House floor to suggest that Muslim leaders were failing in their duty to discourage terrorism.

"Instead of responding, silence has made these Islamic leaders across America potentially complicit in these acts and, more importantly still, in those that may well follow," he said.

Mr Pompeo, who is 54, became an ardent critic of Mrs Clinton, the former secretary of state, when he joined the committee investigating the 2012 attack on US diplomats and personnel in Benghazi, in Libya.

When asked why the inquiry had taken longer than the Watergate investigation – which prompted the resignation of President Richard Nixon in 1974 – he had a simple response.

"This is worse, in some ways," he said, during an appearance on NBC's Meet the Press.

It was a line later echoed Mr Trump, who announced him as his pick to head the CIA soon after winning the election in November 2016. His appointment worried many career officers dismayed that such a partisan figure would lead an organisation that was supposed to rise above politics.

He has shown a particularly hawkish line on Iran – describing it recently as a "thuggish police state" - and expressed frequent disdain for the deal that limited Tehran's nuclear programme, without joining Mr Trump in saying the agreement should be completely abandoned.

In the Middle East, Mr Pompeo is known to have close relationships with Israeli intelligence agencies and after a 2015 visit said: "Prime Minister Netanyahu is a true partner of the American people.”

But he also played a role in developing links with the Palestinian Authority and was the first senior official from Mr Trump's team to meet Mahmoud Abbas in February last year.

Electoral College Victory

Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate. 

 

Popular Vote Tally

The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.

Company%20Profile
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MATCH INFO

Day 2 at Mount Maunganui

England 353

Stokes 91, Denly 74, Southee 4-88

New Zealand 144-4

Williamson 51, S Curran 2-28

The%20specs%20
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COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
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Citadel: Honey Bunny first episode

Directors: Raj & DK

Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon

Rating: 4/5

David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

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 Maserati Ghibli

Price, base / as tested: Dh269,000 / Dh369,000

Engine: 3.0-litre twin-turbocharged V6

Transmission: Eight-speed automatic

Power: 355hp @ 5,500rpm

Torque: 500Nm @ 4,500rpm

Fuel economy, combined: 8.9L / 100km

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The specs

Engine: Dual 180kW and 300kW front and rear motors

Power: 480kW

Torque: 850Nm

Transmission: Single-speed automatic

Price: From Dh359,900 ($98,000)

On sale: Now

THE SPECS

Engine: 6.75-litre twin-turbocharged V12 petrol engine 

Power: 420kW

Torque: 780Nm

Transmission: 8-speed automatic

Price: From Dh1,350,000

On sale: Available for preorder now

The biog

Born: Kuwait in 1986
Family: She is the youngest of seven siblings
Time in the UAE: 10 years
Hobbies: audiobooks and fitness: she works out every day, enjoying kickboxing and basketball

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