Prince Harry remembers 'granny's infectious smile'

Queen Elizabeth II dies - follow the latest news as the world mourns

Prince Harry chose to remember Queen Elizabeth II's "infectious smile" as he paid tribute to his late grandmother, thanking her for her "sound advice" and describing her as a "guiding compass".

In a statement released on Monday, which is understood to have been held back a day out of respect for the anniversary of the September 11 attacks in the US, the Duke of Sussex also said he wanted to honour his father at the start of his reign as King Charles III.

Referring to the queen as "Granny", he said it made him smile to know that she has been reunited with "grandpa", the late Duke of Edinburgh who died last year.

He also revealed that the Queen shared precious moments with his children just a few months before her death.

The prince described how the queen hugged Archie, three, and Lilibet, 15 months, likely when the family visited the UK in June to attend the queen’s platinum jubilee celebrations.

At the time, it was not known if the Sussexes had met privately with the queen during their stay at their Frogmore cottage home close to Windsor Castle.

“In celebrating the life of my grandmother, Her Majesty The Queen — and in mourning her loss ― we are all reminded of the guiding compass she was to so many in her commitment to service and duty," Harry said.

“She was globally admired and respected. Her unwavering grace and dignity remained true throughout her life and now her everlasting legacy.

“Let us echo the words she spoke after the passing of her husband, Prince Philip, words which can bring comfort to all of us now: ‘Life, of course, consists of final partings as well as first meetings.'”

He added: “Granny, while this final parting brings us great sadness, I am forever grateful for all of our first meetings ―from my earliest childhood memories with you, to meeting you for the first time as my Commander-in-Chief, to the first moment you met my darling wife and hugged your beloved great-grandchildren.

“I cherish these times shared with you, and the many other special moments in between. You are already sorely missed, not just by us, but by the world over.

“And as it comes to first meetings, we now honour my father in his new role as King Charles III. Thank you for your commitment to service. Thank you for your sound advice.

“Thank you for your infectious smile. We, too, smile knowing that you and grandpa are reunited now, and both together in peace.”

The queen and Duke of Edinburgh saw Archie at Windsor Castle a few days after he was born in May 2019 but it was thought the Queen had not held Lilibet, who was born last June.

Her great-granddaughter was named after her – taking her childhood nickname.

The statement came two days after the duke and his wife Meghan, the Duchess of Sussex, joined the new Prince and Princess of Wales at Windsor Castle on Saturday.

The princes have a well-documented troubled relationship but the death of their grandmother saw the pair shelve their differences when, with their wives, they viewed floral tributes left to the late queen.

It is understood Prince William invited his brother to join them in meeting well-wishers outside the castle as an “important show of unity”.

Two years have passed since the four were together side by side in public, during the 2020 Commonwealth Day church service. On Saturday, they appeared at ease driving off together with William at the wheel of a Range Rover after their walkabout lasted a little more than 40 minutes.

During their walkabout, the Duchess of Cambridge told children who had gathered to lay flowers that her son, Prince Louis, had responded to the death of the queen by saying: "At least granny is with great grandpa now."

Attacks on Egypt’s long rooted Copts

Egypt’s Copts belong to one of the world’s oldest Christian communities, with Mark the Evangelist credited with founding their church around 300 AD. Orthodox Christians account for the overwhelming majority of Christians in Egypt, with the rest mainly made up of Greek Orthodox, Catholics and Anglicans.

The community accounts for some 10 per cent of Egypt’s 100 million people, with the largest concentrations of Christians found in Cairo, Alexandria and the provinces of Minya and Assiut south of Cairo.

Egypt’s Christians have had a somewhat turbulent history in the Muslim majority Arab nation, with the community occasionally suffering outright persecution but generally living in peace with their Muslim compatriots. But radical Muslims who have first emerged in the 1970s have whipped up anti-Christian sentiments, something that has, in turn, led to an upsurge in attacks against their places of worship, church-linked facilities as well as their businesses and homes.

More recently, ISIS has vowed to go after the Christians, claiming responsibility for a series of attacks against churches packed with worshippers starting December 2016.

The discrimination many Christians complain about and the shift towards religious conservatism by many Egyptian Muslims over the last 50 years have forced hundreds of thousands of Christians to migrate, starting new lives in growing communities in places as far afield as Australia, Canada and the United States.

Here is a look at major attacks against Egypt's Coptic Christians in recent years:

November 2: Masked gunmen riding pickup trucks opened fire on three buses carrying pilgrims to the remote desert monastery of St. Samuel the Confessor south of Cairo, killing 7 and wounding about 20. IS claimed responsibility for the attack.

May 26, 2017: Masked militants riding in three all-terrain cars open fire on a bus carrying pilgrims on their way to the Monastery of St. Samuel the Confessor, killing 29 and wounding 22. ISIS claimed responsibility for the attack.

April 2017: Twin attacks by suicide bombers hit churches in the coastal city of Alexandria and the Nile Delta city of Tanta. At least 43 people are killed and scores of worshippers injured in the Palm Sunday attack, which narrowly missed a ceremony presided over by Pope Tawadros II, spiritual leader of Egypt Orthodox Copts, in Alexandria's St. Mark's Cathedral. ISIS claimed responsibility for the attacks.

February 2017: Hundreds of Egyptian Christians flee their homes in the northern part of the Sinai Peninsula, fearing attacks by ISIS. The group's North Sinai affiliate had killed at least seven Coptic Christians in the restive peninsula in less than a month.

December 2016: A bombing at a chapel adjacent to Egypt's main Coptic Christian cathedral in Cairo kills 30 people and wounds dozens during Sunday Mass in one of the deadliest attacks carried out against the religious minority in recent memory. ISIS claimed responsibility.

July 2016: Pope Tawadros II says that since 2013 there were 37 sectarian attacks on Christians in Egypt, nearly one incident a month. A Muslim mob stabs to death a 27-year-old Coptic Christian man, Fam Khalaf, in the central city of Minya over a personal feud.

May 2016: A Muslim mob ransacks and torches seven Christian homes in Minya after rumours spread that a Christian man had an affair with a Muslim woman. The elderly mother of the Christian man was stripped naked and dragged through a street by the mob.

New Year's Eve 2011: A bomb explodes in a Coptic Christian church in Alexandria as worshippers leave after a midnight mass, killing more than 20 people.

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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.”

Prince Harry remembers 'granny's infectious smile'

Duke of Sussex's emotional tribute to Queen Elizabeth II comes after a show of unity with his brother, the Prince of Wales

Attacks on Egypt’s long rooted Copts