A charity which was heavily criticised over its evacuation of rescue animals from Afghanistan has been cleared of any wrongdoing by the UK regulator.
Nowzad, which was set up by former Royal Marine Pen Farthing, had raised £200,000 ($240,500) in the days after the Taliban takeover for its Operation Ark project to fly about 200 animals to safety.
Operation Ark was set up to evacuate British citizens, military staff members and their immediate families, as well as the animals in the charity's care.
It attracted public attention after concerns were raised that high-ranking government officials had prioritised the evacuation of the animals over people. At one point Defence Secretary Ben Wallace said the move was distracting authorities from focusing on the most vulnerable.
Former diplomat Raphael Marshall last year told the Foreign Affairs Select Committee: “There was a direct trade-off between transporting Nowzad’s animals and evacuating British nationals and Afghan evacuees, including Afghans who had served with British soldiers.”
This was due, he said, to the limited number of soldiers available to bring eligible people into the airport at Kabul and limited capacity within the airport itself.
The Charity Commission started investigating Nowzad in August 2021.
The case examined whether the its actions and Operation Ark were within Nowzad’s remit and complied with charity law.
"The Commission did not identify any regulatory concerns about Operation Ark, concluding that it did fall within the charity’s purposes," it said.
"The Commission concluded that the objectives of the operation were made clear to donors during fund-raising, that trustees’ decision-making and actions during that time were reasonable, and that consequently it was valid to spend funds raised for Operation Ark on the evacuation of animals and staff from Afghanistan.
"It was not within the Commission’s remit to consider the role the government may or may not have had in the evacuation of animals and staff from Afghanistan."
The Commission says it has advised the charity on a number of issues, including internal governing and effective risk management while operating in conflict zones.
Tracy Howarth, assistant director of casework and proactive regulation at the Charity Commission, said: "We take all concerns raised with us seriously and will always assess them impartially and expertly against the Commission’s own criteria and the law. In this case, we did not find evidence of wrongdoing and recognised the trustees’ ongoing efforts to manage the charity under difficult circumstances.
"We have provided Nowzad’s trustees with guidance to help ensure they respond appropriately to the uncertainty and challenges they now face."
Nowzad operated an animal clinic, dog and cat shelter and donkey sanctuary in Afghanistan and had trained and employed local residents, including women, as vets.
Mr Farthing said he has suffered 11 months' of stress due to the inquiry.
"11 months of stress, what you don’t know is as well as press issues the charity commission launched a case against Nowzad," he tweeted.
"It concluded today July 2022 and obviously no wrong doing to be found (they investigated so much more than just Operation Ark)."
In May, a report from the Foreign Affairs Committee ruled out that the charity's animals had received special treatment from the government.
It had investigated whether government officials, acting on the orders of Prime Minister Boris Johnson, gave Nowzad special treatment during the international withdrawal from Kabul.
After the report, Mr Farthing said: “We are pleased that the Committee’s findings unequivocally corroborated Nowzad’s long-standing testimony that we were not prioritised for evacuation during the government’s withdrawal from Kabul, nor did we seek special status or favour from government officials.
“The report allows us to move on from this distraction and resume focus on our mission of restarting our animal welfare operation in Afghanistan and developing our humanitarian animal welfare response to the horrific Russian invasion of Ukraine.”
What sanctions would be reimposed?
Under ‘snapback’, measures imposed on Iran by the UN Security Council in six resolutions would be restored, including:
- An arms embargo
- A ban on uranium enrichment and reprocessing
- A ban on launches and other activities with ballistic missiles capable of delivering nuclear weapons, as well as ballistic missile technology transfer and technical assistance
- A targeted global asset freeze and travel ban on Iranian individuals and entities
- Authorisation for countries to inspect Iran Air Cargo and Islamic Republic of Iran Shipping Lines cargoes for banned goods
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COMPANY%20PROFILE
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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.”
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Director: Alfonso Cuaron
Stars: Cate Blanchett, Kevin Kline, Lesley Manville
Rating: 4/5
World record transfers
1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m
FIRST TEST SCORES
England 458
South Africa 361 & 119 (36.4 overs)
England won by 211 runs and lead series 1-0
Player of the match: Moeen Ali (England)
MEYDAN CARD
6.30pm Maiden Dh165,000 (Dirt) 1,600m
7.05pm Conditions Dh240,000 (D) 1,600m
7.40pm Handicap Dh190,000 (D) 2,000m
8.15pm Handicap Dh170,000 (D) 2,200m
8.50pm The Entisar Listed Dh265,000 (D) 2,000m
9.25pm The Garhoud Sprint Listed Dh265,000 (D) 1,200m
10pm Handicap Dh185,000 (D) 1,400m
The National selections
6.30pm Majestic Thunder
7.05pm Commanding
7.40pm Mark Of Approval
8.15pm Mulfit
8.50pm Gronkowski
9.25pm Walking Thunder
10pm Midnight Sands
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
STAGE%201%20RESULTS
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