The UN fears the coup in Myanmar will make the plight of about 600,000 Rohingya Muslims still in the country worse, a UN spokesman said on Monday.
The Security Council said it planned to discuss the latest developments on Tuesday.
Myanmar's military seized power on Monday in a coup against the democratically elected government of Aung San Suu Kyi, who was detained along with other political leaders.
In 2017, a Myanmar military operation in Rakhine state on an anti-terrorist pretext sent more than 700,000 Rohingya Muslims fleeing into Bangladesh, where they remain in refugee camps.
UN Secretary General Antonio Guterres and western states accused the Myanmar military of ethnic cleansing, which it denied.
"There are about 600,000 Rohingya, those who remain in Rakhine state, including 120,000 people who are effectively confined to camps - they cannot move freely and have extremely limited access to basic health and education services," UN spokesman Stephane Dujarric said.
"So, our fear is that the events may make the situation worse for them."
The 15-member UN Security Council plans to discuss Myanmar in a closed meeting, diplomats said.
"We want to address the long-term threats to peace and security, of course working closely with Myanmar's Asia and Asean neighbours," Britain's UN ambassador Barbara Woodward, president of the council for February, said.
China, backed by Russia, shielded Myanmar from any significant council action after 2017.
Beijing and Moscow are council veto powers along with France, Britain and the United States.
China's UN mission told Reuters on Monday it hoped to find out more about the latest developments in Myanmar from the Tuesday briefing.
"It's also our hope that any move of the council would be conducive to the stability of Myanmar rather than making the situation more complicated," a representative of the Chinese mission said.
The Myanmar army said it had detained Ms Suu Kyi and others in response to "election fraud", handing power to military chief Min Aung Hlaing and imposing a state of emergency for one year.
The UN called for the release of all those detained, Mr Dujarric said.
He said Mr Guterres' special envoy on Myanmar, Christine Schraner Burgener, "remains actively engaged" and is likely to brief the Security Council.
The UN has long had a presence in Myanmar. Security Council envoys travelled there in April 2018 and met separately with Ms Suu Kyi and Min Aung Hlaing following the repression of the Rohingya.
Myanmar military coup - in pictures
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Myanmar nationals in Japan demonstrate against the military coup that took place in their home country on Monday, February 1, 2021. Getty Images -

A Myanmar national in Japan holds up a portrait of Aung San Suu Kyi during a protest held in front of the United Nations University in Tokyo. EPA -

People hold up images of Myanmar's de-facto leader Aung San Suu Kyi at a protest outside Maynmar's embassy in Bangkok, Thailand. Getty Images -

NLD supporters shout slogans outside Myanmar's embassy during a rally after the military seized power from a democratically elected civilian government and arrested its leader Aung San Suu Kyi, in Bangkok, Thailand. Reuters -

People use their smartphones to live stream a protest outside Myanmar's embassy in Bangkok, Thailand. Getty Images -

This screengrab provided via AFPTV and taken from a broadcast by Myanmar Radio and Television (MRTV) in Myanmar shows the announcement of a one-year state of emergency in the country. AFP -

A screen grab from Myanmar state television footage shows Myanmar Acting President Myint Swe (R) and General Min Aung Hlaing (L) as they attend a meeting. Reuters -

A military helicopter flies in Naypyitaw, Myanmar. EPA -

Cars pass police sitting in trucks along a road in Yangon, as Myanmar's military detained the country's de facto leader Aung San Suu Kyi and the country's president in a coup. AFP -

Policemen sit inside trucks parked on a road in the downtown area of Yangon, Myanmar. AP -

Myanmar military supporters riding a vehicle wave a military flag as they go around Yangon, Myanmar. AP -

People wave flags as they ride on a vehicle in Yangon, Myanmar. Reuters -

A view of Shwedagon Pagoda, a Buddhist religious landmark in Yangon, as Myanmar's military detained the country's de facto leader Aung San Suu Kyi and the country's president in a coup. AFP -

Myanmar soldiers are seen inside City Hall in Yangon, Myanmar. Reuters -

A woman leaves her house while being escorted by soldiers (unseen) at an unidentified location in Myanmar, in this picture obtained from social media. Reuters -

A demonstrator prepares to throw a rock towards riot police during a protest outside the Embassy of Myanmar in Bangkok, Thailand. Andre Malerba/Bloomberg -

A Thai pro-democracy protestor confronts riot police in Bangkok, in the area where Myanmar migrants were demonstrating after Myanmar's military detained the country's de facto leader Aung San Suu Kyi and the country's president in a coup. AFP -

A group of Myanmar activists hold the portrait of Aung San Suu Kyi during a protest outside the United Nation university in Tokyo following a military coup in the country by a general after arresting civilian leader Aung San Suu Kyi and other senior officials. AFP -

Anti-Thai government protester wields a traffic cone at riot police during a clash at a rally for Myanmar's democracy outside the embassy, in Bangkok, Thailand. Reuters
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Our legal advisor
Rasmi Ragy is a senior counsel at Charles Russell Speechlys, a law firm headquartered in London with offices in Europe, the Middle East and Hong Kong.
Experience: Prosecutor in Egypt with more than 40 years experience across the GCC.
Education: Ain Shams University, Egypt, in 1978.
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Cyberbullying can take place on various platforms such as messages, on social media, on group chats, or games.
Parents should watch out for behavioural changes in their children.
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England 2
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Manchester United 1 Brighton and Hove Albion 0
Man United: Dunk (66' og)
Man of the Match: Shane Duffy (Brighton)
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Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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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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