US President Joe Biden on Thursday defended his fitness to serve in office after a special counsel included remarks about his memory capacity in a report concluding an investigation into his handling of classified documents.
"My memory is fine," he told reporters in a last-minute evening White House press conference.
"Take a look what I've done since I've become President. Nobody has thought I could pass any of the things I got passed."
A special counsel appointed by the US Justice Department ruled that “no criminal charges are warranted” for Mr Biden's possession of classified documents, given the difficulty to prove intent to break the law.
In his report, publicly released earlier on Thursday, special counsel Robert Hur referred to Mr Biden‘s “significantly limited” memory, which Mr Biden's lawyers argued was "inaccurate and inappropriate" to include.
“Our investigation uncovered evidence that President Biden wilfully retained and disclosed classified materials after his vice presidency, when he was a private citizen,” the executive summary read.
“We conclude that the evidence does not establish Mr Biden's guilt beyond a reasonable doubt.”
Attorney General Merrick Garland appointed Mr Hur to investigate any criminal wrongdoing in Mr Biden's retention of sensitive government documents after his time as vice president to Barack Obama.
"I would take responsibility for not having seen exactly what my staff was doing," Mr Biden said.
"I was pleased to see reached the firm conclusion that no charges should be brought against me in this case," he said, later adding: "I did not break the law."
Yet, as charges were not recommended against Mr Biden, the focus quickly shifted to Mr Hur's non-medical interpretation of the President's memory in his final report.
There have been concerns about Mr Biden, 81, the oldest president in US history, and his mental capacity to serve or run for re-election. Voters have also increasingly raised the topic of his age as an issue.
For example, he has repeatedly muddled up the names of world leaders. In the past week, he has confused the late German chancellor Helmut Kohl with former chancellor Angela Merkel, and French President Emmanuel Macron with former French leader Francois Mitterrand, who died in 1996.
And in the hopes to assuage concerns about his memory, Mr Biden mistakenly referred to Egyptian President Abdel Fattah El Sisi as the leader of Mexico during the press conference on Thursday.
However, Democrats and lawyers questioned why the special counsel felt compelled to include views on his memory in a legal report.
"The bottom line is that the matter is now closed," Mr Biden said.
He said that he co-operated with the special counsel's team, including five hours of interviews.
It is a contrast to charges that former president Donald Trump is facing over possession of classified documents after his presidency ended in 2021, and obstruction in not returning them to authorities when requested.
Mr Hur said the sensitive documents Mr Biden had held included information about military and foreign policy in Afghanistan, with classification markings as high as “top secret” and “sensitive compartmented information”.
They were discovered in a box in Mr Biden's home garage in Wilmington, Delaware, during an FBI search in 2022.
Mr Hur's team discovered that Mr Biden had told a ghostwriter for his book that he had “just found all the classified stuff downstairs” while at a rental house in Virginia in 2017.
“The marked classified documents were found along with drafts of the handwritten 2009 Thanksgiving memo Mr Biden sent President Obama in a last-ditch effort to persuade him not to send additional troops to Afghanistan,” the report said.
“These materials were proof of the stand Mr Biden took in what he regarded as among the most important decisions of his vice presidency.”
The documents labelled "top secret" and "SCI" are deemed damaging to US national security if people not allowed to view them had access. SCI-marked documents are supposed to only be held and viewed in approved facilities.
Mr Hur deduced that the President most probably forgot about the documents or that they were “stored by mistake and without his knowledge”.
While Mr Biden did not have the authority to keep classified documents at the rental Virginia home, he did have the right to do so at his Delaware home during his vice presidency and current presidency.
Mr Hur said it would be difficult to prove the President's intent to break the law due to a "shortage of evidence" and Mr Biden's “significantly limited” memory.
“Mr Biden would likely present himself to a jury, as he did during our interview of him, as a sympathetic, well-meaning, elderly man with a poor memory,” the report said.
“Based on our direct interactions with and observations of him, he is someone for whom many jurors will want to identify reasonable doubt.
“It would be difficult to convince a jury that they should convict him – by then a former president well into his eighties – of a serious felony that requires a mental state of wilfulness.”
On completion of the report, the White House decided not to redact the text before releasing it.
However, Mr Biden's lawyers wrote in a letter that the comments about his memory were "gratuitous" and requested that Mr Hur "revise" them before the report's release.
THE BIO
Born: Mukalla, Yemen, 1979
Education: UAE University, Al Ain
Family: Married with two daughters: Asayel, 7, and Sara, 6
Favourite piece of music: Horse Dance by Naseer Shamma
Favourite book: Science and geology
Favourite place to travel to: Washington DC
Best advice you’ve ever been given: If you have a dream, you have to believe it, then you will see it.
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
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.”
UAE%20v%20West%20Indies
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Countries recognising Palestine
France, UK, Canada, Australia, Portugal, Belgium, Malta, Luxembourg, San Marino and Andorra
The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5
The five pillars of Islam
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T20 World Cup Qualifier A, Muscat
Friday, February 18: 10am - Oman v Nepal, Canada v Philippines; 2pm - Ireland v UAE, Germany v Bahrain
Saturday, February 19: 10am - Oman v Canada, Nepal v Philippines; 2pm - UAE v Germany, Ireland v Bahrain
Monday, February 21: 10am - Ireland v Germany, UAE v Bahrain; 2pm - Nepal v Canada, Oman v Philippines
Tuesday, February 22: 2pm – semi-finals
Thursday, February 24: 2pm – final
UAE squad: Ahmed Raza (captain), Muhammad Waseem, Chirag Suri, Vriitya Aravind, Rohan Mustafa, Kashif Daud, Zahoor Khan, Alishan Sharafu, Raja Akifullah, Karthik Meiyappan, Junaid Siddique, Basil Hameed, Zafar Farid, Mohammed Boota, Mohammed Usman, Rahul Bhatia
All matches to be streamed live on icc.tv
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Stars: Vahid Mobasseri, Mariam Afshari, Ebrahim Azizi, Hadis Pakbaten, Majid Panahi, Mohamad Ali Elyasmehr
Rating: 4/5