Women protest against the six-week abortion ban at the Capitol in Austin, Texas. AP
Women protest against the six-week abortion ban at the Capitol in Austin, Texas. AP
Women protest against the six-week abortion ban at the Capitol in Austin, Texas. AP
Women protest against the six-week abortion ban at the Capitol in Austin, Texas. AP

US judge blocks enforcement of near-total Texas abortion ban


  • English
  • Arabic

A US federal judge has temporarily blocked a near-total ban on abortion in Texas, the toughest such law in the US, following a challenge from President Joe Biden's administration after the Supreme Court let it proceed.

District Judge Robert Pitman's action in Austin on Wednesday prevents the state from enforcing the Republican-backed law, which prohibits women from obtaining an abortion after six weeks of pregnancy, while litigation over its legality continues.

The case is part of a fierce legal battle over abortion access in the United States, with numerous states pursuing restrictions.

"This Court will not sanction one more day of this offensive deprivation of such an important right," Judge Pitman said in the ruling.

The ink was barely dry on Pitman's order before Texas notified the court it intends to appeal the ruling to the conservative-leaning Fifth Circuit Court of Appeals, setting the stage for the next phase of the legal battle.

"Tonight's ruling is an important step forward towards restoring the constitutional rights of women across the state of Texas," White House press secretary Jen Psaki said in statement late on Wednesday. "The fight has only just begun, both in Texas and in many states across this country where women’s rights are currently under attack."

Mr Biden's Justice Department sued Texas on on September 9 and sought a temporary injunction against the law, arguing during an October 1 hearing that the measure violates the US Constitution.

The US Supreme Court on September 1 let the law take effect in a 5-4 vote powered by conservative justices.

At six weeks of pregnancy, many women do not yet know they are pregnant. The law makes no exceptions for pregnancies caused by rape or incest.

It also lets ordinary citizens enforce the ban, rewarding them at least $10,000 if they successfully sue anyone who helped provide an abortion after foetal cardiac activity is detected. Critics of the law have said this provision enables people to act as anti-abortion bounty hunters.

The Justice Department argued that the law impedes women from exercising their constitutional right to terminate a pregnancy that was recognised in the Supreme Court's 1973 Roe v. Wade decision that legalised abortion nationwide.

The department also argued that the law improperly interferes with the operations of the federal government to provide abortion-related services.

US conservatives have long sought to have Roe v. Wade overturned. The Supreme Court on December 1 hears arguments in a separate case involving a Mississippi law that bans abortions after 15 weeks of pregnancy. Mississippi has asked the high court to overturn the 1973 precedent.

The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

New schools in Dubai

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 is tokenisation?

Tokenisation refers to the issuance of a blockchain token, which represents a virtually tradable real, tangible asset. A tokenised asset is easily transferable, offers good liquidity, returns and is easily traded on the secondary markets. 

Our legal advisor

Ahmad El Sayed is Senior Associate at Charles Russell Speechlys, a law firm headquartered in London with offices in the UK, Europe, the Middle East and Hong Kong.

Experience: Commercial litigator who has assisted clients with overseas judgments before UAE courts. His specialties are cases related to banking, real estate, shareholder disputes, company liquidations and criminal matters as well as employment related litigation. 

Education: Sagesse University, Beirut, Lebanon, in 2005.

The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3ETwin-turbo%2C%20V8%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E8-speed%20automatic%20and%20manual%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E503%20bhp%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E513Nm%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3Efrom%20Dh646%2C800%20(%24176%2C095)%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Enow%3C%2Fp%3E%0A
NO OTHER LAND

Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal

Stars: Basel Adra, Yuval Abraham

Rating: 3.5/5

ENGLAND SQUAD

Joe Root (c), Moeen Ali, Jimmy Anderson, Jonny Bairstow, Stuart Broad, Jos Buttler, Alastair Cook, Sam Curran, Keaton Jennings, Ollie Pope, Adil Rashid, Ben Stokes, James Vince, Chris Woakes

Updated: October 07, 2021, 3:33 PM