BLOOMINGTON // A janitor spots a baby's abandoned nappy-bag lying on a table in the sprawling food court at the Mall of America. A bomb-sniffing dog and a security officer are there within minutes, examining the package while nearby shoppers are held a safe distance away.
No bomb. Case closed. But that scene is repeated at the largest shopping centre in the US 150 times a month.
Years ago, lost handbags or shopping bags would just go to the lost and found. But after the September 11 attacks and a series of terror threats against malls, "we realised that bad guys don't write 'explosives' on the side of packages," said Major Douglas Reynolds.
He heads a 150-officer security force at the mall trained in Krav Maga, the official self-defence system of Israeli security forces. A plainclothes unit is solely devoted to behavioural profiling.
Terror threats against US malls - federal authorities have charged suspects in at least three terror plots since the September 11 attacks - have made huge behind-the-scenes changes to one of the most treasured American experiences: going to the mall.
Shoppers say they hardly notice the closed-circuit cameras, plainclothes officers and trained dogs.
"The average shopper, they don't walk in and think 'this could be the end', " said Don Heinzman, 77, of Elk River, Minn., having coffee with two friends at the Minnesota mall.
In 2004, an anonymous call threatening a Los Angeles plot sent more than 100 officers to protect various shopping centres.
Two Ohio men - originally from Somalia and Pakistan - are serving prison terms for a 2003 threat to bomb Columbus-area malls. Another man is serving a prison term for a similar plot against a mall near Chicago
A Massachusetts pharmacist is awaiting trial on terror charges; prosecutors said he conspired with others to shoot down shoppers in US malls and kill US troops in Iraq.
In a 2006 report, the nonprofit Rand Corporation found that there were 60 shopping mall attacks in 21 countries between 1998 and 2005 and that US malls may not be well prepared for them.
The International Council of Shopping Centres trained about 10,000 mall officers between 2003 and 2009 to better recognise terrorists and other threats. Experts at George Washington University designed the US$3 million (Dh11m) programme, which was discontinued because of a lack of money.
Paul Maniscalco, a research scientist at the university who was involved in developing the programme, called shopping malls "soft targets".
"I think they're as safe as any place else in the US," he said. "Unfortunately in an open and free democratic society there are certain trade-offs. The concept of a shopping centre is a pretty complex social icon within our society. You can't turn them into armed camps."
Malachy Kavanagh, the spokesman for the International Council of Shopping Centres, said the threat to public places in the US is from "lone wolf" individuals.
"A big part is to be aware of who may be watching your centre," he said. Officers have to watch for people trying to engage guards in conversation, checking for security cameras, he said.
Major Reynolds said his officers need to cultivate a balance between securing a centre and cultivating a family-friendly atmosphere. "We're not designed to be Fort Knox," he said.
"We need to be accessible and make people feel welcome - but still protected."
With thousands of square metres of space and more than 20,000 parking spots, it's difficult for his officers to see everything. He's instituted the so-called "Ram Unit" - short for Risk Assessment and Mitigation - which is a team of plainclothes officers who perform behaviour profiling and who look for suspicious objects.
His officers don't carry guns but can make arrests under Minnesota law.
There haven't been any terror arrests; most calls are about shoplifters, missing children and abandoned packages. Occasionally, the officers will confront a drunk and rowdy customer.
Maj Reynolds said his officers must also be on the alert not just for terrorists, but for volatile workplace or domestic arguments that could result in a mass shooting.
The mall has a control centre where dispatchers monitor 12 closed-circuit televisions and field the 120,000 calls for service each year.
Nearby, the bomb-sniffing dogs are in a separate office. Maj Reynolds explained that he's transitioning from tough-looking Belgian Malinois dogs (similar to German Shepherds) to English Springer Spaniels and flat-coated retrievers, so that the dogs are perceived by shoppers as less aggressive and police-like.
"These dogs break hearts all day," he said, while patting Chuck, a four-year-old black and white spaniel.
If the client-friendly tactics sound like something out of Disney, that's because they are.
Maj Reynolds has visited Orlando to learn from security experts there, and even uses some phrases similar to Disney's security force.
Officers who are patrolling the mall are "on stage," and inside the training room, there's a large word above the door that leads to the mall: "Showtime."
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.”
UAE tour of the Netherlands
UAE squad: Rohan Mustafa (captain), Shaiman Anwar, Ghulam Shabber, Mohammed Qasim, Rameez Shahzad, Mohammed Usman, Adnan Mufti, Chirag Suri, Ahmed Raza, Imran Haider, Mohammed Naveed, Amjad Javed, Zahoor Khan, Qadeer Ahmed
Fixtures:
Monday, 1st 50-over match
Wednesday, 2nd 50-over match
Thursday, 3rd 50-over match
UAE currency: the story behind the money in your pockets
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
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The specs
Engine: 1.6-litre 4-cyl turbo
Power: 217hp at 5,750rpm
Torque: 300Nm at 1,900rpm
Transmission: eight-speed auto
Price: from Dh130,000
On sale: now
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
Day 1 results:
Open Men (bonus points in brackets)
New Zealand 125 (1) beat UAE 111 (3)
India 111 (4) beat Singapore 75 (0)
South Africa 66 (2) beat Sri Lanka 57 (2)
Australia 126 (4) beat Malaysia -16 (0)
Open Women
New Zealand 64 (2) beat South Africa 57 (2)
England 69 (3) beat UAE 63 (1)
Australia 124 (4) beat UAE 23 (0)
New Zealand 74 (2) beat England 55 (2)
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The specs
Engine: 3.5-litre twin-turbo V6
Power: 380hp at 5,800rpm
Torque: 530Nm at 1,300-4,500rpm
Transmission: Eight-speed auto
Price: From Dh299,000 ($81,415)
On sale: Now
COMPANY PROFILE
Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed
Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
On sale: Now
Price: From Dh158,000 (Cooper), Dh168,000 (Aceman), Dh190,000 (Countryman)
Mohammed bin Zayed Majlis