• A redacted FBI photograph of classified documents recovered from a container in former president Donald Trump's estate at Mar-a-Lago in Palm Beach, Florida. Reuters
    A redacted FBI photograph of classified documents recovered from a container in former president Donald Trump's estate at Mar-a-Lago in Palm Beach, Florida. Reuters
  • The FBI searched Mr Trump's home over what it said were 'likely' efforts to conceal classified files. AFP
    The FBI searched Mr Trump's home over what it said were 'likely' efforts to conceal classified files. AFP
  • The Mar-a-Lago property was raided by agents on August 8. Reuters
    The Mar-a-Lago property was raided by agents on August 8. Reuters
  • Pages from a Department of Justice court filing in response to a request from Mr Trump's legal team for a 'special master' to review the documents seized. AP
    Pages from a Department of Justice court filing in response to a request from Mr Trump's legal team for a 'special master' to review the documents seized. AP
  • Journalists read a heavily redacted court document relating to the FBI search. AP
    Journalists read a heavily redacted court document relating to the FBI search. AP
  • The former president condemned the raid as 'the weaponisation of the justice system'. AP
    The former president condemned the raid as 'the weaponisation of the justice system'. AP
  • Pages from a Department of Justice court filing, in response to a request from Mr Trump's legal team. AP
    Pages from a Department of Justice court filing, in response to a request from Mr Trump's legal team. AP
  • Mr Trump had faced accusations of deleting private communications during investigations into his alleged role in the storming of the Capitol building on January 6 by his supporters. Reuters
    Mr Trump had faced accusations of deleting private communications during investigations into his alleged role in the storming of the Capitol building on January 6 by his supporters. Reuters
  • Mr Trump departs Trump Tower for a deposition two days after the FBI agents raided his Mar-a-Lago home. Reuters
    Mr Trump departs Trump Tower for a deposition two days after the FBI agents raided his Mar-a-Lago home. Reuters
  • Pages of entirely redacted information in the released version of an affidavit from the US Justice Department that was submitted to a judge to support the execution of the FBI search warrant. Reuters
    Pages of entirely redacted information in the released version of an affidavit from the US Justice Department that was submitted to a judge to support the execution of the FBI search warrant. Reuters
  • Mr Trump was also accused of taking a trove of classified documents from the White House, leading to speculation that those missing documents could have been the focus of the raid. Reuters
    Mr Trump was also accused of taking a trove of classified documents from the White House, leading to speculation that those missing documents could have been the focus of the raid. Reuters
  • Mr Trump set up his Save America political action committee days after losing the 2020 election to Joe Biden. EPA
    Mr Trump set up his Save America political action committee days after losing the 2020 election to Joe Biden. EPA
  • A Trump supporter outside the Paul S Rogers Federal Building and US Courthouse in West Palm Beach, Florida. AP
    A Trump supporter outside the Paul S Rogers Federal Building and US Courthouse in West Palm Beach, Florida. AP
  • Mr Trump reportedly had more than 300 classified documents at Mar-a-Lago. AP
    Mr Trump reportedly had more than 300 classified documents at Mar-a-Lago. AP
  • US Attorney General Merrick Garland speaks about the FBI's search warrant. Reuters
    US Attorney General Merrick Garland speaks about the FBI's search warrant. Reuters

Empty 'classified' folders found at Trump's Mar-a-Lago home


Patrick deHahn
  • English
  • Arabic

A US federal judge on Friday unsealed a document from the FBI search of former president Donald Trump's home, providing a more detailed look at what was obtained by the government.

The inventory document shares the contents of the 33 boxes that law enforcement took from the Mar-a-Lago resort in Florida last month, confirming that hundreds of government documents and photographs were found there.

Some included “secret”, “classified” and “top secret” markings — indicating material with information that requires some of the highest levels of security clearance to view and obtain.

The FBI said it found dozens of empty folders with “classified” labels on them and folders saying they should be returned “to staff secretary/military aide”.

It did not say why the folders were empty or where the documents they contained may be.

The inventory provides more information than an initial FBI search warrant that was also unsealed.

It reveals how the highly sensitive documents were intermingled with clothing, stacks of magazines and newspapers, gifts, books and clothing.

Hundreds of non-classified US government photographs and documents were also found.

FBI agents searched Mar-a-Lago on August 8, as part of a Department of Justice probe into whether Mr Trump and his team violated the Espionage Act, among other federal laws.

The probe has revealed that the US government believes Mr Trump's team may have obstructed formal federal requests to return documents moved from the White House after his presidency ended in January 2021.

The Justice Department has completed its review of the materials obtained in the search, and Mr Trump is still requesting a special master to oversee its review.

A judge on Thursday did not rule whether one would be assigned to the case.

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 can you do?

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In criminal cases, you can contact the police for additional support

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UAE’s revised Cricket World Cup League Two schedule

August, 2021: Host - United States; Teams - UAE, United States and Scotland

Between September and November, 2021 (dates TBC): Host - Namibia; Teams - Namibia, Oman, UAE

December, 2021: Host - UAE; Teams - UAE, Namibia, Oman

February, 2022: Hosts - Nepal; Teams - UAE, Nepal, PNG

June, 2022: Hosts - Scotland; Teams - UAE, United States, Scotland

September, 2022: Hosts - PNG; Teams - UAE, PNG, Nepal

February, 2023: Hosts - UAE; Teams - UAE, PNG, Nepal

The specs

Engine: Direct injection 4-cylinder 1.4-litre
Power: 150hp
Torque: 250Nm
Price: From Dh139,000
On sale: Now

The Penguin

Starring: Colin Farrell, Cristin Milioti, Rhenzy Feliz

Creator: Lauren LeFranc

Rating: 4/5

The biog

Year of birth: 1988

Place of birth: Baghdad

Education: PhD student and co-researcher at Greifswald University, Germany

Hobbies: Ping Pong, swimming, reading

 

 

Muslim Council of Elders condemns terrorism on religious sites

The Muslim Council of Elders has strongly condemned the criminal attacks on religious sites in Britain.

It firmly rejected “acts of terrorism, which constitute a flagrant violation of the sanctity of houses of worship”.

“Attacking places of worship is a form of terrorism and extremism that threatens peace and stability within societies,” it said.

The council also warned against the rise of hate speech, racism, extremism and Islamophobia. It urged the international community to join efforts to promote tolerance and peaceful coexistence.

COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
Infobox

Western Region Asia Cup Qualifier, Al Amerat, Oman

The two finalists advance to the next stage of qualifying, in Malaysia in August

Results

UAE beat Iran by 10 wickets

Kuwait beat Saudi Arabia by eight wickets

Oman beat Bahrain by nine wickets

Qatar beat Maldives by 106 runs

Monday fixtures

UAE v Kuwait, Iran v Saudi Arabia, Oman v Qatar, Maldives v Bahrain

Updated: September 02, 2022, 6:03 PM