Live updates: follow the latest news on Russia-Ukraine
Pentagon spokesman John Kirby strongly criticised Russian President Vladimir Putin on Friday, accusing him of “depravity” in Ukraine.
"It’s hard to look at what he’s doing in Ukraine, what his forces are doing in Ukraine, and think that any ethical, moral individual could justify that,” Mr Kirby said at a press briefing.
Referring to “war crimes” by Russian forces including attacks on civilian infrastructure and “unconscionable” killings, Mr Kirby paused as he choked back emotion.
“It’s difficult to look at … some of the images and imagine that any well-thinking, serious, mature leader would do that,” he said.
“I can’t talk to his psychology, but I think we can all speak to his depravity."
Mr Kirby later added: "It's brutality of the coldest and most depraved sort."
White House Press Secretary Jen Psaki was later asked about Mr Kirby's comments and if President Joe Biden shared those sentiments.
Mr Biden views Mr Putin "as a pariah and somebody who is guilty of war crimes and genocide. So, I think the president's comments speak for itself", Ms Psaki said.
Russia has denied attacking civilians and says its "special military operation" is to "denazify" Ukraine.
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Ukrainian President Volodymyr Zelenskyy and US Speaker of the House Nancy Pelosi shake hands as they meet in Kyiv. AP -

Floodwater edges towards homes in the small Ukrainian town of Demydiv. AFP -

Lila stands inside her apartment after a missile strike damaged a residential building in Dobropillia, in the Donetsk region of eastern Ukraine. Reuters -

Residents board-up windows of a damaged apartment building with plywood after Russian shelling in Dobropillya, Donetsk region. AP -

A police officer distributes humanitarian aid to people in Lyman, Donetsk. AP -

Ukrainian soldiers near Kramatorsk, eastern Ukraine. AFP -

A Ukrainian soldier receives medical treatment as he and others rest after fighting on the front line for two months near Kramatorsk. AFP -

Exhausted Ukrainian soldiers arrive at an abandoned building to rest and for medical treatment after fighting on the front line near Kramatorsk. AFP -

Ukrainians attend a solemn religious service to commemorate the fallen in the Russian occupation in Zdvyzhivka, on the outskirts of Kyiv. AP -

Hanna Selivon, 77, surveys what remains of her house, which she says was destroyed by Russian shelling on the outskirts of Chernihiv, Ukraine. Reuters -

Women cry as they take part in a rally demanding international leaders organise a humanitarian corridor for the evacuation of Mariupol, the besieged Ukrainian city where thousands are trapped. Reuters -

Angelina Jolie, Hollywood movie star and UNHCR goodwill ambassador, poses for photo with kids in Lviv, Ukraine. AP -

Firefighters try to put out a blaze after an explosion in Kyiv as Russia mounts attacks across Ukraine. AP -

A car parked under a tree in the partially abandoned town of Chernobyl. AP -

Ukrainian President Volodymyr Zelenskyy, right, and UN Secretary General Antonio Guterres leave a news conference in Kyiv. AP -

Military aid bound for Ukraine at Dover Air Force Base in Delaware. President Joe Biden has asked Congress to agree to $33 billion to bolster Ukraine's fight against Russia. AP -

Members of the pro-Russia Donetsk People's Republic militia stand guard as civilians go to receive aid in Mariupol. AP -

A destroyed building in the south-eastern city of Mariupol. AP -

A Ukrainian girl with other civilians on a bus as they flee the violence in Slovyansk, in the Donetsk region. Reuters -

A block of flats reduced to rubble in Mariupol. Reuters -

Explosions in a village near the eastern city of Izium. Reuters -

A car and piled sleepers in flames after shelling near Lyman station in Lyman, eastern Ukraine. AFP -

Residents and members of the Ukrainian emergency services clear debris after a recent Russian rocket attack in Zaporizhzhia, Ukraine. EPA -

The Russian Foreign Ministry in Moscow, where spokeswoman Maria Zakharova recently said that Ukraine had either carried out the executions of civilians in Bucha itself or positioned the bodies so as to incriminate Russian forces. AFP -

An aerial view of in a neighbourhood in Zaporizhzhia on the 65th day of the Russian invasion of Ukraine. AFP -

Clean-up crews at the site of an explosion in Kyiv, Ukraine. Russia struck the Ukrainian capital of Kyiv shortly after a meeting between President Volodymyr Zelenskyy and UN Secretary General Antonio Guterres. AP -

UN Secretary General Antonio Guterres and Ukraine's President Volodymyr Zelenskyy at a joint news conference in Kyiv as Russia's attack on Ukraine continues. Reuters -

Russia struck Kyiv shortly after the meeting between President Volodymyr Zelenskyy and UN Secretary General Antonio Guterres. AP Photo -

Volodymyr Tykhonov, 76, opens the door of his garage, which is riddled with bullet holes, in Zahaltsi, Ukraine. Getty Images -

President Zelenskyy welcomes UN Secretary General Antonio Guterres before their meeting. Reuters -

Iulia Shevchuk rests in a reception centre for displaced people in Dnipro, Ukraine. AP Photo -

American 155 mm howitzers due to be being loaded on to a US Air Force plane to Ukraine. AFP -

Smoke rises after an explosion at sunset in Kyiv. Getty Images -

Ukrainian rescuers pull out a part of a rocket that remained after shelling in the eastern city of Kharkiv. EPA -

Lyubov, 85, stands in front of a 19th century wooden church, damaged by rocket attack, in the Zhytomyr region of Ukraine. Reuters -

Ukrainian servicemen on patrol in Luhanske village. EPA
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Name: Mamo
Year it started: 2019 Founders: Imad Gharazeddine, Asim Janjua
Based: Dubai, UAE
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Sector: Financial services
Investment: $9.5m
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Indoor Cricket World Cup – Sep 16-20, Insportz, Dubai
16 Indoor cricket matches are 16 overs per side
8 There are eight players per team
9 There have been nine Indoor Cricket World Cups for men. Australia have won every one.
5 Five runs are deducted from the score when a wickets falls
4 Batsmen bat in pairs, facing four overs per partnership
Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.
Zones
A Front net, behind the striker and wicketkeeper: 0 runs
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C Side nets between halfway and the bowlers end: 2 runs
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Why are you, you?
Why are you, you?
From this question, a new beginning.
From this question, a new destiny.
For you are a world, and a meeting of worlds.
Our dream is to unite that which has been
separated by history.
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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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The biog
From: Upper Egypt
Age: 78
Family: a daughter in Egypt; a son in Dubai and his wife, Nabila
Favourite Abu Dhabi activity: walking near to Emirates Palace
Favourite building in Abu Dhabi: Emirates Palace
