A terror conference took place on Wednesday in London with the aim of making the capital's business district the “safest city area in the world".
Hosted by City of London Police, more than 150 security professionals, business leaders and counter-terrorism experts attended the CT2022 event.
Organisers said the event was focused on making the Square Mile the safest city area in the world.
Figen Murray, whose son, Martyn Hett, was killed in the Manchester Arena bombing, spoke about the importance of the proposed Protect Duty legislation and the need for more stringent security measures in public spaces.
Her son was killed along with 21 others when ISIS terrorist Salman Abedi detonated a bomb at the end of an Ariana Grande concert in 2017.
Since her son's death, Ms Murray has frequently campaigned for venues to enact terrorism protection measures.
Assistant Commissioner for Operations and Security at the City of London Police Paul Betts said the force is working hard to protect the City against attacks.
“Keeping people safe and feeling safe is a priority for the City of London Police,” he said.
“The City of London has huge historical, cultural and economic importance and we are committed to making it a safe space for people to enjoy.
“It is important that we all remain resilient to the threat of terrorism. We can only combat that threat by working closely with our community, partners and other law enforcement agencies.
“Coupled with our counter-terrorism strategy and the Project Servator policing tactic, we are all working together to make it more difficult for terrorists and other criminals to operate in the City.”
Project Servator is a policing strategy that aims to disrupt a range of criminal activity, including terrorism, while providing a reassuring presence for the public.
The event also included discussions on the world's most pressing security issues, with talks featuring experts from the National Counter Terrorism Security Office and Centre for the Protection of National Infrastructure.
City of London Police cover St Paul's Cathedral, which has been a repeated terrorist target.
In 2020, ISIS supporter Safiyya Shaikh was jailed for life for planning to blow up herself up in St Paul.
Jonathan Brady, head of Security for St Paul’s Cathedral, said the venue was working closely with police to keep people safe.
“At St Paul’s Cathedral, we continue to work closely with Project Servator and the City of London Police,” he said.
“Our staff work with our visitors, volunteers and our neighbours to deliver a number of security and counter-terrorism measures.
“Events like CT2022 are a great way to share information and best practice in order to keep all our staff and visitors to the Cathedral and the City of London, safe.”
One way security professionals may be able to better identify and track suspicious activity is the “Notify Pad”, a new tool unveiled during the event.
The Notify Pad, which is set to be trialled in the Square Mile over the next three months, prompts security professionals to write down information that may be relevant to police when reporting suspicious activity.
The Counter Terrorism Security Advisers (CTSAs) gave an update on security training available to organisations, venues and events to help staff identify suspicious activity and to know what to do when they encounter it.
CTSAs also talked about their work with businesses and residents in raising awareness of the risk of radicalisation and how to stay safe online.
UAE currency: the story behind the money in your pockets
Company%20Profile
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Dust and sand storms compared
Sand storm
- Particle size: Larger, heavier sand grains
- Visibility: Often dramatic with thick "walls" of sand
- Duration: Short-lived, typically localised
- Travel distance: Limited
- Source: Open desert areas with strong winds
Dust storm
- Particle size: Much finer, lightweight particles
- Visibility: Hazy skies but less intense
- Duration: Can linger for days
- Travel distance: Long-range, up to thousands of kilometres
- Source: Can be carried from distant regions
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.”
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2007 Grace Bijjani (Mexico)
2008 Carina El-Keddissi (Brazil)
2009 Sara Mansour (Brazil)
2010 Daniella Rahme (Australia)
2011 Maria Farah (Canada)
2012 Cynthia Moukarzel (Kuwait)
2013 Layla Yarak (Australia)
2014 Lia Saad (UAE)
2015 Cynthia Farah (Australia)
2016 Yosmely Massaad (Venezuela)
2017 Dima Safi (Ivory Coast)
2018 Rachel Younan (Australia)
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The two riders are among several riders in the UAE to receive the top payment of £10,000 under the Thank You Fund of £16 million (Dh80m), which was announced in conjunction with Deliveroo's £8 billion (Dh40bn) stock market listing earlier this year.
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