UK counterterrorism police have searched homes across London as they continue their investigation into the killing of Conservative MP Sir David Amess.
Amess, 69, was fatally stabbed as he met constituents on Friday at Belfairs Methodist Church in Leigh-on-Sea.
The main suspect, named as Ali Harbi Ali, 25, is being held at a London police station after being arrested under the Terrorism Act.
Detectives at Scotland Yard have until Friday to question Mr Ali, at which point they will be forced to charge or release him. The initial investigation is examining potential links to extremism.
Harbi Ali Kullane, reportedly a former adviser to the prime minister of Somalia, confirmed his British-born son had been arrested.
Speaking at his sister’s home in north London, Mr Kullane told The Sunday Times: “I’m feeling very traumatised. It’s not something that I expected or even dreamt of.”
It was reported that his son had been referred to the Prevent anti-radicalisation scheme several years ago, but was later removed.
Officers were seen entering a flat in north-west London in a search believed to be connected to the investigation.
Police arrived at a property in Lady Somerset Road and began carrying out searches late on Friday evening. They installed blue panels around the sides of the tent to prevent members of the public from being able to see inside.
“I’m completely, utterly shocked and surprised that police have started searches here", one resident said. “You just don’t expect it to be next door. This is a lovely road, it’s charming.”
The Daily Mail also reported a police presence at a home in Croydon, south London, where the suspect is believed to have spent much of his childhood.
Police and security services believe Ali acted alone. British media reports suggested he may have been "self-radicalised" and inspired by Al Shabab, the Al-Qaeda-linked extremists in Somalia.
Tributes continue for victim of fatal stabbing
Meanwhile, tributes have continued to flood in for the stalwart MP who had held a seat in the House of Commons since 1983.
Rayleigh and Wickford MP Mark Francois described his Conservative colleague Amess as his “oldest and best friend in politics” as he laid flowers outside the Belfairs Methodist church in Leigh-on-Sea.
Mr Francois was visibly emotional as he paid tribute to Amess, standing sombrely for a few moments in front of the floral tributes displayed outside the church where the Southend West MP was stabbed to death.
“He was the best bloke I ever knew,” Mr Francois said tearfully. He said he planned to say more about his friend in a tribute in the House of Commons this week.
Pope Francis also made reference to the killing as he described several recent violent incidents around the world as “a defeat for everyone”.
“Last week various attacks were carried out, for example in Norway, Afghanistan, England, which caused many deaths and injuries,” he said, during a public mass in St Peter’s Square, Vatican City on Sunday.
“I express my closeness to the families of the victims,” he said.
He was the best bloke I ever knew
Conservative MP Mark Francois
The Speaker of the House of Commons called for politics to be kinder after the death of his colleague and friend.
In an article for The Observer and The Mail on Sunday, Sir Lindsay Hoyle said he did not want to see an end to face-to-face meetings with constituents and urged the “hate” in politics to stop.
The fatal attack has raised questions about the safety of MPs and whether more security should be in place, or whether parliamentarians should conduct their surgeries entirely online.
“If anything positive is to come out of this awful latest tragedy it is that the quality of political discourse has to change," Sir Lindsay wrote.
“The conversation has to be kinder and based on respect.
“This incident has shown that there is unity across the political divide in support of democracy.
“The hate, which drives these attacks, has to end.”
The House of Commons has announced that most of the timetable for Monday will be scrapped to allow MPs to share their memories of Sir David before a church memorial service in the early evening.
THE BIO
Favourite car: Koenigsegg Agera RS or Renault Trezor concept car.
Favourite book: I Am Pilgrim by Terry Hayes or Red Notice by Bill Browder.
Biggest inspiration: My husband Nik. He really got me through a lot with his positivity.
Favourite holiday destination: Being at home in Australia, as I travel all over the world for work. It’s great to just hang out with my husband and family.
What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
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4.35pm: Tilal Al Khalediah
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Scotland 371-5, 50 overs (C MacLeod 140 no, K Coetzer 58, G Munsey 55)
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Result: Scotland won by six runs
Profile
Company: Justmop.com
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KILLING OF QASSEM SULEIMANI
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.”
Top investing tips for UAE residents in 2021
Build an emergency fund: Make sure you have enough cash to cover six months of expenses as a buffer against unexpected problems before you begin investing, advises Steve Cronin, the founder of DeadSimpleSaving.com.
Think long-term: When you invest, you need to have a long-term mindset, so don’t worry about momentary ups and downs in the stock market.
Invest worldwide: Diversify your investments globally, ideally by way of a global stock index fund.
Is your money tied up: Avoid anything where you cannot get your money back in full within a month at any time without any penalty.
Skip past the promises: “If an investment product is offering more than 10 per cent return per year, it is either extremely risky or a scam,” Mr Cronin says.
Choose plans with low fees: Make sure that any funds you buy do not charge more than 1 per cent in fees, Mr Cronin says. “If you invest by yourself, you can easily stay below this figure.” Managed funds and commissionable investments often come with higher fees.
Be sceptical about recommendations: If someone suggests an investment to you, ask if they stand to gain, advises Mr Cronin. “If they are receiving commission, they are unlikely to recommend an investment that’s best for you.”
Get financially independent: Mr Cronin advises UAE residents to pursue financial independence. Start with a Google search and improve your knowledge via expat investing websites or Facebook groups such as SimplyFI.
The specs
Engine: 2-litre 4-cylinder and 3.6-litre 6-cylinder
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The Vile
Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah
Director: Majid Al Ansari
Rating: 4/5
Name: Peter Dicce
Title: Assistant dean of students and director of athletics
Favourite sport: soccer
Favourite team: Bayern Munich
Favourite player: Franz Beckenbauer
Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates