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Piers Morgan and Jeremy Corbyn had a fiery exchange over the former leader of the Labour Party's stance on Hamas.
The former Labour leader was challenged over whether Hamas should retain power in Gaza.
In echoes of Jeremy Paxman's Michael Howard interview in 1997, when the Newsnight host asked conservative politician the same question 12 times, Morgan questioned Mr Corbyn relentlessly on the status of the militant group.
Although he said he did "not approve, support or welcome Hamas", Mr Corbyn refused to call the organisation a terrorist group 15 times during an episode of the Piers Morgan Uncensored show, which was broadcast this week.
“Are they a terror group?” Morgan asked.
“Everybody knows what they are,” the MP said.
“Are they a terror group? Can you say it? Can you call them a terror group?”
“Is it possible to have a rational discussion with you?” said Mr Corbyn, who has addressed pro-Palestinian rallies in London during the war in Gaza.
The two continued to argue, with Mr Corbyn becoming increasingly irate.
The exchange ended when Morgan asked his other guest Len McCluskey, former general secretary of Unite the Union, whether he thinks Hamas is a terrorist group.
“Of course,” he replied.
The clip was shared on Piers Morgan Uncensored's X page, where it has been viewed 4.8 million times and attracted more than 5,800 comments.
In 2009 Mr Corbyn described both Hezbollah and Hamas as “friends”. He has previously said he regretted that comment.
Hamas was designated a terrorist group “in its entirety” by Britain in November 2021 and proscribed, meaning that anyone who invites support for the group can be sentenced to up to 14 years in jail.
Prime Minister Rishi Sunak has raised Mr Corbyn’s previous support of the group during exchanges in parliament, criticising him during an exchange last month.
Mr Sunak said Hamas had “perpetrated an absolutely appalling act of terrorism on over 1,000 people” in response to calls from Mr Corbyn, who is now an independent MP, for a ceasefire.
The Prime Minister added: “Our regional diplomatic engagement has extensively been focused about how we can bring about a better, brighter future for the people of Palestine and the Palestinians.
“But I would say to him, I am surprised he hasn’t made any reference to the fact that an organisation that he once described as a ‘friend’ has perpetrated an absolutely appalling act of terrorism on over 1,000 people.”
Since succeeding Jeremy Corbyn in 2020, Labour leader Keir Starmer has worked to improve the party’s image after an anti-Semitism scandal.
He was also quick to condemn Hamas’s attack on Israel, saying in parliament: “We stand with Israel and her right to defend herself against the terrorists of Hamas.”
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.”
Company profile
Name: Steppi
Founders: Joe Franklin and Milos Savic
Launched: February 2020
Size: 10,000 users by the end of July and a goal of 200,000 users by the end of the year
Employees: Five
Based: Jumeirah Lakes Towers, Dubai
Financing stage: Two seed rounds – the first sourced from angel investors and the founders' personal savings
Second round raised Dh720,000 from silent investors in June this year
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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
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)
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War 2
Director: Ayan Mukerji
Stars: Hrithik Roshan, NTR, Kiara Advani, Ashutosh Rana
Rating: 2/5