Madeleine McCann: Police searching reservoir in Portugal


Gillian Duncan
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Police investigating the 2007 disappearance of Madeleine McCann have started searching a reservoir in Portugal.

Up to 30 officers could be seen on Tuesday at the Arade dam, about 50km from Praia da Luz, where Madeleine, who was three at the time, was last seen alive.

Police were seen searching the bank beside the dam with the help of a sniffer dog, while officers searched the water on board a fire department boat.

German prosecutors confirmed the search was taking place but said they could not give further details "for tactical, investigative reasons".

A blue tent was cordoned off to the press and the public.

The search was requested by German police and was being carried out with the help of British officials in connection with a formal suspect in the case.

German police are assisting the Portuguese authorities, the German prosecutors said, while London's Metropolitan Police said it also had officers on the ground.

German citizen and convicted sex offender Christian Brueckner, 45, was in the Algarve in 2007. He has denied any involvement.

German prosecutors in Braunschweig on Tuesday said “criminal procedural measures are currently taking place in Portugal as part of the investigation into the Madeleine McCann case”.

They added “the measures are being implemented by way of mutual legal assistance by the Portuguese prosecution authorities with the support of officers from the Federal Criminal Police Office”.

“More detailed information on the background is not being released at this time for investigative tactical reasons,” a statement said.

Portuguese police conduct a search at the reservoir. AFP
Portuguese police conduct a search at the reservoir. AFP

Brueckner is serving a seven-year prison sentence in Germany for a rape he committed in Portugal in 2005.

He is under investigation on suspicion of murder in the McCann case but has not been charged. He spent many years in Portugal, including in Praia da Luz, around the time of Madeleine’s disappearance. His yellow-and-white camper van was reportedly spotted near the area where she went missing and he is said to have called the reservoir “his little paradise”.

The Madeleine McCann case – in pictures

Her disappearance stirred worldwide interest for several years, with reports of sightings of the missing girl as far away as Australia, along with a number of books and TV documentaries about the case.

Rewards for finding Madeleine, who would now be 20, reached several million dollars.

British, Portuguese and German police are still piecing together what happened on the night she disappeared from her bed in the southern Portuguese resort on May 3, 2007.

She was in the same room as brother and sister, twins who were two at the time, while her parents had dinner with friends at a nearby restaurant.

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Profile of Tarabut Gateway

Founder: Abdulla Almoayed

Based: UAE

Founded: 2017

Number of employees: 35

Sector: FinTech

Raised: $13 million

Backers: Berlin-based venture capital company Target Global, Kingsway, CE Ventures, Entrée Capital, Zamil Investment Group, Global Ventures, Almoayed Technologies and Mad’a Investment.

Ruwais timeline

1971 Abu Dhabi National Oil Company established

1980 Ruwais Housing Complex built, located 10 kilometres away from industrial plants

1982 120,000 bpd capacity Ruwais refinery complex officially inaugurated by the founder of the UAE Sheikh Zayed

1984 Second phase of Ruwais Housing Complex built. Today the 7,000-unit complex houses some 24,000 people.  

1985 The refinery is expanded with the commissioning of a 27,000 b/d hydro cracker complex

2009 Plans announced to build $1.2 billion fertilizer plant in Ruwais, producing urea

2010 Adnoc awards $10bn contracts for expansion of Ruwais refinery, to double capacity from 415,000 bpd

2014 Ruwais 261-outlet shopping mall opens

2014 Production starts at newly expanded Ruwais refinery, providing jet fuel and diesel and allowing the UAE to be self-sufficient for petrol supplies

2014 Etihad Rail begins transportation of sulphur from Shah and Habshan to Ruwais for export

2017 Aldar Academies to operate Adnoc’s schools including in Ruwais from September. Eight schools operate in total within the housing complex.

2018 Adnoc announces plans to invest $3.1 billion on upgrading its Ruwais refinery 

2018 NMC Healthcare selected to manage operations of Ruwais Hospital

2018 Adnoc announces new downstream strategy at event in Abu Dhabi on May 13

Source: The National

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.”

What vitamins do we know are beneficial for living in the UAE

Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.

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Name: Hassan Mohsen Elhais

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Updated: May 23, 2023, 2:45 PM