• A person holds a sign reading "Women Will Die" as activists gather at the US Supreme Court in Washington, DC. AFP
    A person holds a sign reading "Women Will Die" as activists gather at the US Supreme Court in Washington, DC. AFP
  • An anti-abortion protester speaks outside the US Supreme Court after the leak of a draft majority opinion written by Justice Samuel Alito preparing for the court to overturn the Roe v Wade abortion rights decision later this year. Reuters
    An anti-abortion protester speaks outside the US Supreme Court after the leak of a draft majority opinion written by Justice Samuel Alito preparing for the court to overturn the Roe v Wade abortion rights decision later this year. Reuters
  • A protester holds a sign for the pro-choice Planned Parenthood organisation. AFP
    A protester holds a sign for the pro-choice Planned Parenthood organisation. AFP
  • The Roe v Wade decision recognised that the right to personal privacy under the US Constitution protects a woman's ability to terminate her pregnancy. Getty Images
    The Roe v Wade decision recognised that the right to personal privacy under the US Constitution protects a woman's ability to terminate her pregnancy. Getty Images
  • A demonstrator outside the court. AFP
    A demonstrator outside the court. AFP
  • A woman cries during the protests. AFP
    A woman cries during the protests. AFP
  • Demonstrators place candles outside the court. AFP
    Demonstrators place candles outside the court. AFP
  • Protesters chant slogans. Reuters
    Protesters chant slogans. Reuters
  • Police installed metal barricades to prevent protesters from entering the court building. AFP
    Police installed metal barricades to prevent protesters from entering the court building. AFP
  • Demonstrators use candlelight during the evening protest. AFP
    Demonstrators use candlelight during the evening protest. AFP
  • US Senator Elizabeth Warren joined abortion rights activists outside the US Supreme Court on Tuesday. Photo: Public Domain
    US Senator Elizabeth Warren joined abortion rights activists outside the US Supreme Court on Tuesday. Photo: Public Domain

Texas abortions can resume after judge blocks pre-Roe v Wade ban


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Abortions can resume in Texas after a judge blocked officials from enforcing a nearly century-old ban the state's Republican attorney general said was back in effect after the US Supreme Court overturned the constitutional right to the procedure nationwide.

The temporary restraining order by Judge Christine Weems in Harris County came in a last-ditch bid by abortion providers to resume services after the US Supreme Court on Friday overturned the 1973 Roe v Wade ruling that guaranteed women's right to obtain abortions.

The order allows clinics to resume services — for now — in a state where abortion was already severely restricted to only up to six weeks of pregnancy under a Texas law that took effect in September that the Supreme Court declined to block.

“Every hour that abortion is accessible in Texas is a victory,” Marc Hearron, a lawyer for the abortion providers at the Centre for Reproductive Rights, said in a statement.

Texas Attorney General Ken Paxton on Twitter said he was immediately appealing the judge's “wrong” decision, saying the pre-Roe laws “are 100 per cent in effect and constitutional”. A further hearing is scheduled for July 12.

The decision came amid a flurry of litigation in state courts by abortion rights groups seeking to slow or halt abortion restrictions that are now taking effect or are poised to do so in 22 states.

Those states include 13 that, like Texas, enacted so-called trigger laws designed to take effect if Roe v Wade was overturned, the Guttmacher Institute, an abortion rights advocacy research group, reported.

Following the Supreme Court's decision, federal courts have been lifting orders blocking Republican-backed abortion restrictions. On Tuesday, a federal appeals court cleared the way for a six-week ban in Tennessee to take effect.

The lawsuit was filed the same day that judges in Louisiana and Utah blocked officials from enforcing their states' “trigger” bans, and abortion providers in Idaho, Kentucky and Mississippi sued to obtain similar relief.

The Oklahoma Supreme Court in a 8-1 decision on Monday rejected a request by providers to block implementation of a near-total ban on abortions that took effect in May, before the US Supreme Court's ruling but after a draft version of the decision was leaked.

In Iowa, where the state's top court ruled the state constitution does not include a “fundamental right” to abortion, Republican Governor Kim Reynolds on Tuesday said she will ask a court to reinstate a previously struck down “foetal heartbeat” law banning abortion after about six weeks of pregnancy.

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PROFILE OF HALAN

Started: November 2017

Founders: Mounir Nakhla, Ahmed Mohsen and Mohamed Aboulnaga

Based: Cairo, Egypt

Sector: transport and logistics

Size: 150 employees

Investment: approximately $8 million

Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar

What is Folia?

Prince Khaled bin Alwaleed bin Talal's new plant-based menu will launch at Four Seasons hotels in Dubai this November. A desire to cater to people looking for clean, healthy meals beyond green salad is what inspired Prince Khaled and American celebrity chef Matthew Kenney to create Folia. The word means "from the leaves" in Latin, and the exclusive menu offers fine plant-based cuisine across Four Seasons properties in Los Angeles, Bahrain and, soon, Dubai.

Kenney specialises in vegan cuisine and is the founder of Plant Food Wine and 20 other restaurants worldwide. "I’ve always appreciated Matthew’s work," says the Saudi royal. "He has a singular culinary talent and his approach to plant-based dining is prescient and unrivalled. I was a fan of his long before we established our professional relationship."

Folia first launched at The Four Seasons Hotel Los Angeles at Beverly Hills in July 2018. It is available at the poolside Cabana Restaurant and for in-room dining across the property, as well as in its private event space. The food is vibrant and colourful, full of fresh dishes such as the hearts of palm ceviche with California fruit, vegetables and edible flowers; green hearb tacos filled with roasted squash and king oyster barbacoa; and a savoury coconut cream pie with macadamia crust.

In March 2019, the Folia menu reached Gulf shores, as it was introduced at the Four Seasons Hotel Bahrain Bay, where it is served at the Bay View Lounge. Next, on Tuesday, November 1 – also known as World Vegan Day – it will come to the UAE, to the Four Seasons Resort Dubai at Jumeirah Beach and the Four Seasons DIFC, both properties Prince Khaled has spent "considerable time at and love". 

There are also plans to take Folia to several more locations throughout the Middle East and Europe.

While health-conscious diners will be attracted to the concept, Prince Khaled is careful to stress Folia is "not meant for a specific subset of customers. It is meant for everyone who wants a culinary experience without the negative impact that eating out so often comes with."

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MATCH INFO

Europa League final

Who: Marseille v Atletico Madrid
Where: Parc OL, Lyon, France
When: Wednesday, 10.45pm kick off (UAE)
TV: BeIN Sports

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The biog

Birthday: February 22, 1956

Born: Madahha near Chittagong, Bangladesh

Arrived in UAE: 1978

Exercise: At least one hour a day on the Corniche, from 5.30-6am and 7pm to 8pm.

Favourite place in Abu Dhabi? “Everywhere. Wherever you go, you can relax.”

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.”

Updated: June 29, 2022, 6:08 PM