Boris Johnson misled MPs in the House of Commons five times when he tried to justify gatherings in No 10 during Covid-19 lockdowns, the Privileges Committee said. PA
Boris Johnson misled MPs in the House of Commons five times when he tried to justify gatherings in No 10 during Covid-19 lockdowns, the Privileges Committee said. PA
Boris Johnson misled MPs in the House of Commons five times when he tried to justify gatherings in No 10 during Covid-19 lockdowns, the Privileges Committee said. PA
Boris Johnson misled MPs in the House of Commons five times when he tried to justify gatherings in No 10 during Covid-19 lockdowns, the Privileges Committee said. PA

Boris Johnson misled parliament five times as PM, partygate report finds


Laura O'Callaghan
  • English
  • Arabic

Former UK prime minister Boris Johnson misled the House of Commons five times in his denial of Covid-19 rules being broken in Downing Street, the Privileges Committee said in its report as it recommended a 90-day suspension.

The committee of seven said it established Mr Johnson “had knowledge of breaches of the rules and guidance that occurred in No 10”.

After his resignation as an MP on Friday and his angry response to the draft report, the committee said he should be banned for three months.

“In light of Mr Johnson’s conduct in committing a further contempt on June 9, 2023, the Committee 7 Matter referred on 21 April 2022 (conduct of Rt Hon Boris Johnson): Final Report now considers that if Mr Johnson were still a Member he should be suspended from the service of the House for 90 days for repeated contempts and for seeking to undermine the parliamentary process,” the report read.

Mr Johnson said the Privileges Committee was “beneath contempt” because it had reached a “deranged conclusion” to deliver “what is intended to be the final knife-thrust in a protracted political assassination”.

The committee, which has a Tory majority and a Labour chairwoman, concluded that Mr Johnson’s attempts to mislead MPs were deliberate.

Boris Johnson returns home from a run in Oxfordshire, hours before the Privileges Committee released their report on Thursday. Getty Images
Boris Johnson returns home from a run in Oxfordshire, hours before the Privileges Committee released their report on Thursday. Getty Images

The report said the former Conservative Party leader misled politicians in Parliament on five occasions.

These occasions were outlined as follows:

  • When he said that guidance was followed completely in No 10, that the rules and guidance were followed at all times, that events in No 10 were within the rules and guidance, and that the rules and guidance had been followed at all times when he was present at gatherings
  • When he failed to tell the House about his own knowledge of the gatherings where rules or guidance had been broken
  • When he said that he relied on repeated assurances that the rules had not been broken. The assurances he received were not accurately represented by him to the House, nor were they appropriate to be cited to the House as an authoritative indication of No 10’s compliance with Covid-19 restrictions
  • When he gave the impression that there needed to be an investigation by Sue Gray before he could answer questions when he had personal knowledge that he did not reveal
  • When he purported to correct the record but, instead, continued to mislead the House and, by his continuing denials, the committee

On two further occasions, Mr Johnson was found to have been “deliberately disingenuous when he tried to reinterpret his statements to the House”.

This was a reference to when he pushed “unsustainable interpretations” of Covid-19 rules and guidance to suggest a lack of social distancing at gatherings was permissible, as long as the gathering was allowed to take place.

The second occasion referred to when Mr Johnson “advanced legally impermissible reasons to justify” gatherings in Downing Street.

His denials and explanations “were so disingenuous that they were by their very nature deliberate attempts to mislead the committee and the House, while others demonstrated deliberation because of the frequency with which he closed his mind to the truth”, the report said.

“For these reasons, we conclude that Mr Johnson’s conduct was deliberate and that he has committed a serious contempt of the House.”

The panel took several factors into account when considering the “nature and extent of Mr Johnson’s culpability” in misleading the House.

The 30,000-word report listed his “repeated and continual denial of the facts”, as well as his efforts to “rewrite the meaning of the rules and guidance to fit his own evidence” as three such factors, the report said.

The findings were shared with Mr Johnson on June 8 and he was invited by the panel to “make further representations”.

The following day he announced he was resigning as an MP with immediate effect, triggering a by-election in his north-west London constituency of Uxbridge and South Ruislip.

Mr Johnson should not be entitled to a former MP's parliamentary pass, the committee said.

MPs will debate the report on Monday and have the opportunity to vote on a sanction.

A spokesman for Prime Minister Rishi Sunak declined to say whether he will take part in the vote. The spokesman said he was not aware whether Mr Sunak had read the report.

The prime minister is confident that he never misled parliament, his spokesman said.

Johnson brands report 'a lie'

While serving as chancellor, Mr Sunak and his then-boss Mr Johnson were forced to apologise after being issued with fixed penalty notices (FPN) by the Met Police in April 2022 for breaking lockdown rules at gatherings in No 10.

Following the release of document, Mr Johnson released a lengthy statement trashing the findings. Referring to the finding that he deliberately misled MPs, the former Conservative leader said: "This is rubbish. It is a lie. In order to reach this deranged conclusion, the committee is obliged to say a series of things that are patently absurd, or contradicted by the facts."

He insisted that holding a gathering at No 10 to bid farewell to staff who were departing was necessary.

Mr Johnson dismissed the report as a charade and added: "The terrible truth is that it is not I who has twisted the truth to suit my purposes." Referring to the chairwoman, he added: "It is Harriet Harman and her committee." Taking aim at her again, he said: "It is for the people of this country to decide who sits in parliament, not Harriet Harman."

Mr Johnson described Thursday as a "dreadful day for MPs and for democracy", saying the charges are "trumped up".

He departed No 10 last September after being forced out by his own party over a series of scandals, including “partygate”.

After quitting his role as an MP last week, Mr Johnson hinted that he was planning to make a comeback to frontline politics, telling The Daily Express “as the great Arnold Schwarzenegger said, ‘I’ll be back’”.

Labour's deputy leader Angela Rayner branded Mr Johnson a "disgraced" former politician and said he should "apologise to the people for what he has put them through". She condemned his "disgraceful pattern of behaviour" as she hit out at his attempts to "discredit" the Privileges Committee.

Liberal Democrat leader Sir Ed Davey branded Mr Johnson a "liar and law-breaker" and said he had "treated the public with utter disdain".

Scotland's First Minister Humza Yousaf said the findings of the report made for a "dark day" in Westminster.

London Mayor Sadiq Khan wrote on Twitter: "It's there in black and white: Boris Johnson is a liar."

Two by-elections, including in Mr Johnson's former Uxbridge and South Ruislip constituency, will take place on July 20, local councils confirmed.

Boris Johnson through the years – in pictures

  • Boris Johnson has had an eventful time during his life in politics and journalism. Here, 'The National' looks back at his life in pictures. Getty Images
    Boris Johnson has had an eventful time during his life in politics and journalism. Here, 'The National' looks back at his life in pictures. Getty Images
  • Mr Johnson attends the coronation ceremony of Britain's King Charles III at Westminster Abbey in May. Getty Images
    Mr Johnson attends the coronation ceremony of Britain's King Charles III at Westminster Abbey in May. Getty Images
  • Mr Johnson leaves his home to attend a televised evidence session in March in front of the Commons Privileges Committee. Getty Images
    Mr Johnson leaves his home to attend a televised evidence session in March in front of the Commons Privileges Committee. Getty Images
  • Mr Johnson listening to Ukrainian President Volodymyr Zelenskyy address parliamentarians in Westminster Hall in February. Getty Images
    Mr Johnson listening to Ukrainian President Volodymyr Zelenskyy address parliamentarians in Westminster Hall in February. Getty Images
  • Mr Johnson and Carrie Johnson arrive at Westminster Abbey for the state funeral of Queen Elizabeth II in September 2022. Getty Images
    Mr Johnson and Carrie Johnson arrive at Westminster Abbey for the state funeral of Queen Elizabeth II in September 2022. Getty Images
  • Mr Johnson he announces his resignation as prime minister outside 10 Downing Street in July 2022. Getty Images
    Mr Johnson he announces his resignation as prime minister outside 10 Downing Street in July 2022. Getty Images
  • Mr Johnson at a press conference in response to the publication of the Sue Gray report into Partygate at Downing Street in May 2022. Getty Images
    Mr Johnson at a press conference in response to the publication of the Sue Gray report into Partygate at Downing Street in May 2022. Getty Images
  • Mr Johnson reads the long-awaited report by senior civil servant Sue Gray into the Downing Street party scandal, in his Downing Street office in May 2022. Photo: Downing Street
    Mr Johnson reads the long-awaited report by senior civil servant Sue Gray into the Downing Street party scandal, in his Downing Street office in May 2022. Photo: Downing Street
  • Mr Johnson and Ukrainian President Volodymyr Zelenskyy in central Kyiv in April 2022. The British prime minister paid an unannounced visit to Kyiv in a show of solidarity with Ukraine. AFP
    Mr Johnson and Ukrainian President Volodymyr Zelenskyy in central Kyiv in April 2022. The British prime minister paid an unannounced visit to Kyiv in a show of solidarity with Ukraine. AFP
  • Mr Johnson watches an early morning police raid on a home in Liverpool as part of an operation to thwart drug dealing, in December, 2021. Getty Images
    Mr Johnson watches an early morning police raid on a home in Liverpool as part of an operation to thwart drug dealing, in December, 2021. Getty Images
  • The prime minister battles with his umbrella while with Prince Charles at The National Memorial Arboretum in July 2021, in Stafford, England. Getty Images
    The prime minister battles with his umbrella while with Prince Charles at The National Memorial Arboretum in July 2021, in Stafford, England. Getty Images
  • Mr Johnson and his wife before the Uefa European Championship final between Italy and England at Wembley Stadium, London, in July last year. Getty Images
    Mr Johnson and his wife before the Uefa European Championship final between Italy and England at Wembley Stadium, London, in July last year. Getty Images
  • The British prime minister with US President Joe Biden, European Council President Charles Michel, former Japanese prime minister Yoshihide Suga and Italian Prime Minister Mario Draghi during the G7 Summit in Cornwall, in June 2021. Getty Images
    The British prime minister with US President Joe Biden, European Council President Charles Michel, former Japanese prime minister Yoshihide Suga and Italian Prime Minister Mario Draghi during the G7 Summit in Cornwall, in June 2021. Getty Images
  • Mr Johnson with his wife Carrie in the garden of 10 Downing Street after their wedding at Westminster Cathedral, in May last year. Getty Images
    Mr Johnson with his wife Carrie in the garden of 10 Downing Street after their wedding at Westminster Cathedral, in May last year. Getty Images
  • Boris Johnson visits Hartlepool after Conservative Party candidate Jill Mortimer won a parliamentary by-election in May, 2021. Getty Images
    Boris Johnson visits Hartlepool after Conservative Party candidate Jill Mortimer won a parliamentary by-election in May, 2021. Getty Images
  • The prime minister after receiving the first dose of the AstraZeneca vaccine at St Thomas' Hospital in London in March, 2021. Getty Images
    The prime minister after receiving the first dose of the AstraZeneca vaccine at St Thomas' Hospital in London in March, 2021. Getty Images
  • Boris Johnson after signing a Brexit trade deal with the EU in December 2020. Getty Images
    Boris Johnson after signing a Brexit trade deal with the EU in December 2020. Getty Images
  • Mr Johnson examines a vial of the AstraZeneca Covid-19 candidate vaccine, at a pharmaceutical manufacturing facility in Wrexham, Wales, in November 2020. Getty
    Mr Johnson examines a vial of the AstraZeneca Covid-19 candidate vaccine, at a pharmaceutical manufacturing facility in Wrexham, Wales, in November 2020. Getty
  • Mr Johnson demonstrating the two-metre distancing rule during his visit to St Joseph's Catholic Primary School in Upminster, East London, in August 2020. PA
    Mr Johnson demonstrating the two-metre distancing rule during his visit to St Joseph's Catholic Primary School in Upminster, East London, in August 2020. PA
  • In this photo, published alongside the Sue Gray report into the Partygate affair, Mr Johnson is seen at a gathering in the Cabinet Room in 10 Downing Street on his birthday in June, 2020. Getty Images
    In this photo, published alongside the Sue Gray report into the Partygate affair, Mr Johnson is seen at a gathering in the Cabinet Room in 10 Downing Street on his birthday in June, 2020. Getty Images
  • Mr Johnson and former chancellor Rishi Sunak use hand sanitiser during a visit to the Pizza Pilgrims restaurant in June 2020, in east London, to see how they are getting their business ready to reopen as coronavirus lockdown restrictions were lifted in England. PA
    Mr Johnson and former chancellor Rishi Sunak use hand sanitiser during a visit to the Pizza Pilgrims restaurant in June 2020, in east London, to see how they are getting their business ready to reopen as coronavirus lockdown restrictions were lifted in England. PA
  • Mr Johnson and his fiancee Carrie Symonds applaud key workers outside 10 Downing Street in May 2020, during the coronavirus pandemic. Getty Images
    Mr Johnson and his fiancee Carrie Symonds applaud key workers outside 10 Downing Street in May 2020, during the coronavirus pandemic. Getty Images
  • Mr Johnson in the Cabinet Room observing a minute's silence in April 2020 in a tribute to the health staff and key workers who died during the coronavirus outbreak. PA
    Mr Johnson in the Cabinet Room observing a minute's silence in April 2020 in a tribute to the health staff and key workers who died during the coronavirus outbreak. PA
  • Boris Johnson appears on monitors for a meeting in March 2020. The prime minister chaired morning meetings on the coronavirus remotely from Number 11 Downing Street, while self-isolating after testing positive for the virus. Reuters
    Boris Johnson appears on monitors for a meeting in March 2020. The prime minister chaired morning meetings on the coronavirus remotely from Number 11 Downing Street, while self-isolating after testing positive for the virus. Reuters
  • Members of a family listen as BMr ris Johnson makes a televised address to the nation from 10 Downing Street in March 2020, where he outlined the latest instructions to stay at home to help contain the Covid-19 outbreak. AFP
    Members of a family listen as BMr ris Johnson makes a televised address to the nation from 10 Downing Street in March 2020, where he outlined the latest instructions to stay at home to help contain the Covid-19 outbreak. AFP
  • Mr Johnson speaks to British troops stationed in Estonia during a one-day visit to the Baltic country in December 2019. Getty Images
    Mr Johnson speaks to British troops stationed in Estonia during a one-day visit to the Baltic country in December 2019. Getty Images
  • Mr Johnson and Carrie Symonds enter Downing Street as the Conservatives celebrate a sweeping election victory in December 2019. Getty
    Mr Johnson and Carrie Symonds enter Downing Street as the Conservatives celebrate a sweeping election victory in December 2019. Getty
  • Boris Johnson is greeted by staff at 10 Downing Street after meeting Queen Elizabeth II and accepting her invitation to form a new government in December 2012. PA
    Boris Johnson is greeted by staff at 10 Downing Street after meeting Queen Elizabeth II and accepting her invitation to form a new government in December 2012. PA
  • Former US president Donald Trump and Mr Johnson arrive for a bilateral meeting during the G7 summit in August 2019 in Biarritz, France. Getty
    Former US president Donald Trump and Mr Johnson arrive for a bilateral meeting during the G7 summit in August 2019 in Biarritz, France. Getty
  • The queen welcomes Mr Johnson as the newly elected leader of the Conservative Party, during an audience in July 2019. Getty Images
    The queen welcomes Mr Johnson as the newly elected leader of the Conservative Party, during an audience in July 2019. Getty Images
  • Mr Johnson, then Britain's foreign secretary, stands in front of St Basil's Cathedral during a visit to Moscow's Red Square in December 2017. Getty
    Mr Johnson, then Britain's foreign secretary, stands in front of St Basil's Cathedral during a visit to Moscow's Red Square in December 2017. Getty
  • Mr Johnson collides with a child during a Street Rugby tournament in Tokyo in 2015, held to mark Japan hosting the 2019 Rugby World Cup
    Mr Johnson collides with a child during a Street Rugby tournament in Tokyo in 2015, held to mark Japan hosting the 2019 Rugby World Cup
  • As mayor of London Mr Johnson competes in a tug-of-war in October 2015. Getty Images
    As mayor of London Mr Johnson competes in a tug-of-war in October 2015. Getty Images
  • The Olympic Flag is passed from Mr Johnson to IOC President Jacques Rogge during the closing ceremony of the London 2012 Olympic Games. Getty Images
    The Olympic Flag is passed from Mr Johnson to IOC President Jacques Rogge during the closing ceremony of the London 2012 Olympic Games. Getty Images
  • Mayor of London Boris Johnson with Prime Minister David Cameron during the lighting of the Paralympic Cauldron in Trafalgar Square, in August 2012. PA
    Mayor of London Boris Johnson with Prime Minister David Cameron during the lighting of the Paralympic Cauldron in Trafalgar Square, in August 2012. PA
  • Boris Johnson gets stuck on a zip-line during a BT London Live event in Victoria Park in August 2012. Getty
    Boris Johnson gets stuck on a zip-line during a BT London Live event in Victoria Park in August 2012. Getty
  • Mr Johnson and Lord Sebastian Coe cheer as a giant set of Olympic rings is displayed from Tower Bridge in June 2012, Getty Images
    Mr Johnson and Lord Sebastian Coe cheer as a giant set of Olympic rings is displayed from Tower Bridge in June 2012, Getty Images
  • Mr Johnson gestures attends a Harry Potter studio tour of Diagon Alley, at the Warner Brother Studios, London, in December 2011. AP Photo
    Mr Johnson gestures attends a Harry Potter studio tour of Diagon Alley, at the Warner Brother Studios, London, in December 2011. AP Photo
  • Mr Johnson at the launch of London's first cycle hire scheme in July 2010. Getty Images
    Mr Johnson at the launch of London's first cycle hire scheme in July 2010. Getty Images
  • Mr Johnson with artists' impressions of the design for London's new Routemaster bus in May 2010. Getty Images
    Mr Johnson with artists' impressions of the design for London's new Routemaster bus in May 2010. Getty Images
  • The candidates to be mayor of London; Labour's Ken Livingstone, Conservative Boris Johnson and Liberal Democrat Brian Paddick, being questioned on BBC's 'Newsnight' programme in April 2008. Getty Images
    The candidates to be mayor of London; Labour's Ken Livingstone, Conservative Boris Johnson and Liberal Democrat Brian Paddick, being questioned on BBC's 'Newsnight' programme in April 2008. Getty Images
  • Boris Johnson on the North Pier in Blackpool during the Conservative Party conference there in October 2005. Getty Images
    Boris Johnson on the North Pier in Blackpool during the Conservative Party conference there in October 2005. Getty Images
  • Mr Johnson at his desk in 2000 while he was a journalist for 'The Telegraph'. Getty Images
    Mr Johnson at his desk in 2000 while he was a journalist for 'The Telegraph'. Getty Images
  • Mr Johnson when he was president of the Oxford Union society speaking to the Greek minister for culture Melina Mercouri when she addressed the union. Reuters
    Mr Johnson when he was president of the Oxford Union society speaking to the Greek minister for culture Melina Mercouri when she addressed the union. Reuters
  • Boris Johnson in September 1979, at Eton School. Shutterstock
    Boris Johnson in September 1979, at Eton School. Shutterstock
Know before you go
  • Jebel Akhdar is a two-hour drive from Muscat airport or a six-hour drive from Dubai. It’s impossible to visit by car unless you have a 4x4. Phone ahead to the hotel to arrange a transfer.
  • If you’re driving, make sure your insurance covers Oman.
  • By air: Budget airlines Air Arabia, Flydubai and SalamAir offer direct routes to Muscat from the UAE.
  • Tourists from the Emirates (UAE nationals not included) must apply for an Omani visa online before arrival at evisa.rop.gov.om. The process typically takes several days.
  • Flash floods are probable due to the terrain and a lack of drainage. Always check the weather before venturing into any canyons or other remote areas and identify a plan of escape that includes high ground, shelter and parking where your car won’t be overtaken by sudden downpours.

 

RESULTS

2.15pm: Al Marwan Group Holding – Handicap (PA) Dh40,000 (Dirt) 1,200m
Winner: SS Jalmod, Antonio Fresu (jockey), Ibrahim Al Hadhrami (trainer)

2.45pm: Sharjah Equine Hospital – Maiden (PA) Dh40,000 (D) 1,000m
Winner: Ghallieah, Sebastien Martino, Jean-Claude Pecout

3.15pm: Al Marwan Group Holding – Handicap (PA) Dh40,000 (D) 1,700m
Winner: Inthar, Saif Al Balushi, Khalifa Al Neyadi

3.45pm: Al Ain Stud Emirates Breeders Trophy – Conditions (PA) Dh50,000 (D) 1,700m
Winner: MH Rahal, Richard Mullen, Elise Jeanne

4.25pm: Sheikh Mansour bin Zayed Al Nahyan Cup – Prestige Handicap (PA) Dh100,000 (D) 1,200m
Winner: JAP Aneed, Ray Dawson, Irfan Ellahi

4.45pm: Sharjah Equine Hospital – Handicap (TB) Dh40,000 (D) 1,200m
Winner: Edaraat, Antonio Fresu, Musabah Al Muhairi

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

Company%20profile
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Company profile

Date started: 2015

Founder: John Tsioris and Ioanna Angelidaki

Based: Dubai

Sector: Online grocery delivery

Staff: 200

Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends

UAE currency: the story behind the money in your pockets
Match info:

Burnley 0

Manchester United 2
Lukaku (22', 44')

Red card: Marcus Rashford (Man United)

Man of the match: Romelu Lukaku (Manchester United)

How does ToTok work?

The calling app is available to download on Google Play and Apple App Store

To successfully install ToTok, users are asked to enter their phone number and then create a nickname.

The app then gives users the option add their existing phone contacts, allowing them to immediately contact people also using the application by video or voice call or via message.

Users can also invite other contacts to download ToTok to allow them to make contact through the app.

 

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UAE%20SQUAD
%3Cp%3E%0D%3Cstrong%3EMen%3A%3C%2Fstrong%3E%20Saif%20Al%20Zaabi%2C%20Salem%20Al%20Marzooqi%2C%20Zayed%20Al%20Ansaari%2C%20Saud%20Abdulaziz%20Rahmatalla%2C%20Adel%20Shanbih%2C%20Ahmed%20Khamis%20Al%20Blooshi%2C%20Abdalla%20Al%20Naqbi%2C%20Khaled%20Al%20Hammadi%2C%20Mohammed%20Khamis%20Khalaf%2C%20Mohammad%20Fahad%2C%20Abdulla%20Al%20Arimi.%0D%3Cbr%3E%3Cstrong%3EWomen%3A%3C%2Fstrong%3E%20Mozah%20Al%20Zeyoudi%2C%20Haifa%20Al%20Naqbi%2C%20Ayesha%20Al%20Mutaiwei.%3C%2Fp%3E%0A
THE%20SPECS
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Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

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.”

UAE%20Warriors%2045%20Results
%3Cp%3E%3Cstrong%3E%0DMain%20Event%0D%3A%20Lightweight%20Title%3C%2Fstrong%3E%0D%3Cbr%3EAmru%20Magomedov%20def%20Jakhongir%20Jumaev%20-%20Round%201%20(submission)%0D%3Cbr%3E%3Cstrong%3ECo-Main%20Event%0D%3A%20Bantamweight%3C%2Fstrong%3E%0D%3Cbr%3ERany%20Saadeh%20def%20Genil%20Franciso%20-%20Round%202%20(submission)%0D%3Cbr%3E%3Cstrong%3ECatchweight%20150%20lbs%3C%2Fstrong%3E%0D%3Cbr%3EWalter%20Cogliandro%20def%20Ali%20Al%20Qaisi%20-%20Round%201%20(TKO)%0D%3Cbr%3E%3Cstrong%3EBantamweight%3C%2Fstrong%3E%0D%3Cbr%3ERenat%20Khavalov%20def%20Hikaru%20Yoshino%20-%20Round%202%20(TKO)%0D%3Cbr%3E%3Cstrong%3EFlyweight%3C%2Fstrong%3E%0D%3Cbr%3EVictor%20Nunes%20def%20Nawras%20Abzakh%20-%20Round%201%20(TKO)%0D%3Cbr%3E%3Cstrong%3EFlyweight%3C%2Fstrong%3E%0D%3Cbr%3EYamato%20Fujita%20def%20Sanzhar%20Adilov%20-%20Round%201%20(submission)%0D%3Cbr%3E%3Cstrong%3ELightweight%3C%2Fstrong%3E%0D%3Cbr%3EAbdullo%20Khodzhaev%20def%20Petru%20Buzdugen%20-%20Round%201%20(TKO)%0D%3Cbr%3E%3Cstrong%3ECatchweight%20139%20lbs%3C%2Fstrong%3E%0D%3Cbr%3ERazhabali%20Shaydullaev%20def%20Magomed%20Al-Abdullah%20-%20Round%202%20(submission)%0D%3Cbr%3E%3Cstrong%3EFlyweight%3C%2Fstrong%3E%0D%3Cbr%3ECong%20Wang%20def%20Amena%20Hadaya%20-%20Points%20(unanimous%20decision)%0D%3Cbr%3E%3Cstrong%3EMiddleweight%3C%2Fstrong%3E%0D%3Cbr%3EKhabib%20Nabiev%20def%20Adis%20Taalaybek%20Uulu%20-%20Round%202%20(submission)%0D%3Cbr%3E%3Cstrong%3ELight%20Heavyweight%3C%2Fstrong%3E%0D%3Cbr%3EBartosz%20Szewczyk%20def%20Artem%20Zemlyakov%20-%20Round%202%20(TKO)%3C%2Fp%3E%0A
The biog

First Job: Abu Dhabi Department of Petroleum in 1974  
Current role: Chairperson of Al Maskari Holding since 2008
Career high: Regularly cited on Forbes list of 100 most powerful Arab Businesswomen
Achievement: Helped establish Al Maskari Medical Centre in 1969 in Abu Dhabi’s Western Region
Future plan: Will now concentrate on her charitable work

How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less
Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
UAE v Gibraltar

What: International friendly

When: 7pm kick off

Where: Rugby Park, Dubai Sports City

Admission: Free

Online: The match will be broadcast live on Dubai Exiles’ Facebook page

UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)

Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

Available: Now

Company profile

Name: Infinite8

Based: Dubai

Launch year: 2017

Number of employees: 90

Sector: Online gaming industry

Funding: $1.2m from a UAE angel investor

2018 ICC World Twenty20 Asian Western Regional Qualifier

The top three teams progress to the Asia Qualifier

Final: UAE beat Qatar by nine wickets

Third-place play-off: Kuwait beat Saudi Arabia by five runs

Table

1 UAE 5 5 0 10

2 Qatar 5 4 1 8

3 Saudi 5 3 2 6

4 Kuwait 5 2 3 4

5 Bahrain 5 1 4 2

6 Maldives 5 0 5 0

The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%206.5-litre%20V12%20and%20three%20electric%20motors%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E1%2C015hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E1%2C500Nm%20(estimate)%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%3C%2Fstrong%3E%20Eight-speed%20dual-clutch%20auto%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20Early%202024%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh2%20million%20(estimate)%3C%2Fp%3E%0A
Earth under attack: Cosmic impacts throughout history

4.5 billion years ago: Mars-sized object smashes into the newly-formed Earth, creating debris that coalesces to form the Moon

- 66 million years ago: 10km-wide asteroid crashes into the Gulf of Mexico, wiping out over 70 per cent of living species – including the dinosaurs.

50,000 years ago: 50m-wide iron meteor crashes in Arizona with the violence of 10 megatonne hydrogen bomb, creating the famous 1.2km-wide Barringer Crater

1490: Meteor storm over Shansi Province, north-east China when large stones “fell like rain”, reportedly leading to thousands of deaths.  

1908: 100-metre meteor from the Taurid Complex explodes near the Tunguska river in Siberia with the force of 1,000 Hiroshima-type bombs, devastating 2,000 square kilometres of forest.

1998: Comet Shoemaker-Levy 9 breaks apart and crashes into Jupiter in series of impacts that would have annihilated life on Earth.

-2013: 10,000-tonne meteor burns up over the southern Urals region of Russia, releasing a pressure blast and flash that left over 1600 people injured.

Updated: June 15, 2023, 3:02 PM