A British judge has called on the UK and Irish governments to hold inquiries into the 1998 Omagh bombing by Irish nationalists after concluding there had been a “real prospect” of preventing an attack that killed 29 people.
Eight years ago, families of the victims challenged the UK government’s refusal to hold a public inquiry after commissioning a report that concluded that key evidence about the bomb plot was either missed or not passed on.
Mr Justice Horner on Friday stopped short of calling for the public inquiry demanded by many of the families into the worst single atrocity of the Northern Ireland conflict, known as the Troubles. But he said the two governments should investigate whether a more proactive security approach could have thwarted the terrorists.
The attack in the Northern Irish town came four months after the Good Friday Peace Agreement was signed that largely brought peace to the island of Ireland after three decades of civil strife.
The Omagh attack was carried out by dissidents opposed to the agreement.
In his long-anticipated judgment delivered at a court in Belfast, Mr Justice Horner said: “I am satisfied that certain grounds when considered separately or together give rise to plausible allegations that there was a real prospect of preventing the Omagh bombing.”
Michael Gallagher, whose son was killed in the blast, launched the review in 2013. The report he and other families commissioned drew on hundreds of pages of emails between David Rupert – an American trucker-turned-informant who infiltrated republican paramilitaries – and his handler from the British security agency MI5.
It is understood the emails provided detail on potential planning, locations and personnel for an attack in the run-up to the blast on August 15, 1998, when a stolen Vauxhall car was packed with 500lb of explosives and detonated in the town centre.
The families say those details were not shared with police on either side of the border before the attack or during the investigation to find out who was responsible.
The families believe the Rupert emails, along with warnings of a dissident operation from an agent for British military intelligence and an anonymous tip-off 11 days before the attack naming three men, should have prompted a security operation in Omagh that could have prevented the attack.
Copies of the emails were obtained by the families, and sections were used in a civil case which saw them win £1.6m ($2.2m) in 2009 against four men found liable for the murders.
Mr Gallagher welcomed the ruling on Friday and said the families’ campaign had been vindicated.
“We knew … that this was a preventable atrocity, but it's one thing for me to say it, it's an entirely different thing for a senior High Court judge to,” he said.
The UK government said it would consider the judgment before announcing its next step.
The Northern Ireland Secretary Brandon Lewis said: “We recognise that today the court has set out that there are 'plausible allegations that there was a real prospect of preventing the Omagh bombing' and that more should be done to investigate this.”
The Irish government said that it would "do what was necessary" following the ruling.
Jason McCue, a lawyer who has campaigned for justice of victims of Irish republican violence but was not involved in the action, said: “The families deserve the truth and justice. Their determined and persistent fight for such should be applauded. Today was another significant step.”
The attack in Omagh was carried out using a massive fertiliser bomb. No one has ever been convicted.
Republican factions had for years had received material and support from the Libyan regime of Muammar Qaddafi, including Semtex that was used in other high-profile attacks.
Aayan%E2%80%99s%20records
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War 2
Director: Ayan Mukerji
Stars: Hrithik Roshan, NTR, Kiara Advani, Ashutosh Rana
Rating: 2/5
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
TO%20CATCH%20A%20KILLER
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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.”
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
Results
6pm: Dubai Trophy – Conditions (TB) $100,000 (Turf) 1,200m
Winner: Silent Speech, William Buick (jockey), Charlie Appleby
(trainer)
6.35pm: Jumeirah Derby Trial – Conditions (TB) $60,000 (T)
1,800m
Winner: Island Falcon, Frankie Dettori, Saeed bin Suroor
7.10pm: UAE 2000 Guineas Trial – Conditions (TB) $60,000 (Dirt)
1,400m
Winner: Rawy, Mickael Barzalona, Salem bin Ghadayer
7.45pm: Al Rashidiya – Group 2 (TB) $180,000 (T) 1,800m
Winner: Desert Fire, Hector Crouch, Saeed bin Suroor
8.20pm: Al Fahidi Fort – Group 2 (TB) $180,000 (T) 1,400m
Winner: Naval Crown, William Buick, Charlie Appleby
8.55pm: Dubawi Stakes – Group 3 (TB) $150,000 (D) 1,200m
Winner: Al Tariq, Pat Dobbs, Doug Watsons
9.30pm: Aliyah – Rated Conditions (TB) $80,000 (D) 2,000m
Winner: Dubai Icon, Patrick Cosgrave, Saeed bin Suroor
NATIONAL%20SELECTIONS
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Zodi%20%26%20Tehu%3A%20Princes%20Of%20The%20Desert
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