• British Prime Minister Rishi Sunak arriving in Sharm El Sheikh, Egypt, to attend the Cop27 summit. Getty Images
    British Prime Minister Rishi Sunak arriving in Sharm El Sheikh, Egypt, to attend the Cop27 summit. Getty Images
  • A dancer performs the 'Tanoura' during a street performance in Sharm El Sheikh. EPA
    A dancer performs the 'Tanoura' during a street performance in Sharm El Sheikh. EPA
  • Cop27 President Sameh Shoukry speaks at the climate change conference in Sharm El Sheikh on Sunday. EPA
    Cop27 President Sameh Shoukry speaks at the climate change conference in Sharm El Sheikh on Sunday. EPA
  • Participants and delegates meet in the Pacific Island pavilion at the Sharm El Sheikh International Convention Centre, on the first day of Cop27. AFP
    Participants and delegates meet in the Pacific Island pavilion at the Sharm El Sheikh International Convention Centre, on the first day of Cop27. AFP
  • Participants meet at the Sharm El Sheikh International Convention Centre on the first day of Cop27. AFP
    Participants meet at the Sharm El Sheikh International Convention Centre on the first day of Cop27. AFP
  • Simon Stiell, the executive secretary of the UN's Framework Convention on Climate Change speaks at the climate summit in Sharm El Sheikh. EPA
    Simon Stiell, the executive secretary of the UN's Framework Convention on Climate Change speaks at the climate summit in Sharm El Sheikh. EPA
  • Chairman of the Intergovernmental Panel on Climate Change Hoesung Lee attends the Cop27 opening ceremony. AFP
    Chairman of the Intergovernmental Panel on Climate Change Hoesung Lee attends the Cop27 opening ceremony. AFP
  • From left to right, the UN's climate change communications officer, Alexander Saier; Simon Stiell, the executive secretary of the UN's Framework Convention on Climate Change; and Cop27 President Sameh Shoukry listen to questions following the opening ceremony. AFP
    From left to right, the UN's climate change communications officer, Alexander Saier; Simon Stiell, the executive secretary of the UN's Framework Convention on Climate Change; and Cop27 President Sameh Shoukry listen to questions following the opening ceremony. AFP
  • Alok Sharma, president of the Cop26 climate summit, speaks at Cop27 in Sharm El Sheikh, Egypt. AP
    Alok Sharma, president of the Cop26 climate summit, speaks at Cop27 in Sharm El Sheikh, Egypt. AP
  • Delegates arrive at Cop27 in Sharm El Sheikh, Egypt. Mahmoud Nasr / The National
    Delegates arrive at Cop27 in Sharm El Sheikh, Egypt. Mahmoud Nasr / The National
  • Delegates arrive at Cop27 in Sharm El Sheikh, Egypt. Mahmoud Nasr / The National
    Delegates arrive at Cop27 in Sharm El Sheikh, Egypt. Mahmoud Nasr / The National
  • Delegates arrive at Cop27 in Sharm El Sheikh, Egypt. Mahmoud Nasr / The National
    Delegates arrive at Cop27 in Sharm El Sheikh, Egypt. Mahmoud Nasr / The National
  • Activists demonstrate at the entrance of the Sharm El Sheikh International Convention Centre. Reuters
    Activists demonstrate at the entrance of the Sharm El Sheikh International Convention Centre. Reuters
  • Delegates arrive at the Sharm El Sheikh International Convention Centre for Cop27. AFP
    Delegates arrive at the Sharm El Sheikh International Convention Centre for Cop27. AFP
  • More than 120 world leaders plan to attend the crucial event in Sharm El Sheikh. Reuters
    More than 120 world leaders plan to attend the crucial event in Sharm El Sheikh. Reuters
  • The summit comes at a critical moment with the world regularly experiencing extreme weather events that many – including the UN – have linked to climate change. Reuters
    The summit comes at a critical moment with the world regularly experiencing extreme weather events that many – including the UN – have linked to climate change. Reuters
  • Two key areas on the agenda are trying to keep the Paris goal of 1.5ºC warming on pre-industrial levels alive and the issue of finance. AP
    Two key areas on the agenda are trying to keep the Paris goal of 1.5ºC warming on pre-industrial levels alive and the issue of finance. AP
  • The summit begins in earnest on Monday when world leaders arrive at the summit for two days of intense talks. They will also deliver addresses to the event. Reuters
    The summit begins in earnest on Monday when world leaders arrive at the summit for two days of intense talks. They will also deliver addresses to the event. Reuters
  • A delegate from the Cook Islands. AP
    A delegate from the Cook Islands. AP
  • The main entrance of the Sharm El Sheikh International Convention Centre in Egypt where the Cop27 climate summit is opening today. Reuters
    The main entrance of the Sharm El Sheikh International Convention Centre in Egypt where the Cop27 climate summit is opening today. Reuters
  • Participants visit the Sharm El Sheikh International Convention Centre. AFP
    Participants visit the Sharm El Sheikh International Convention Centre. AFP
  • Participants at the Sharm El Sheikh International Convention Centre. Reuters
    Participants at the Sharm El Sheikh International Convention Centre. Reuters
  • The climate summit will run from Sunday to Friday, November 18 at the Red Sea resort of Sharm El Sheikh. AFP
    The climate summit will run from Sunday to Friday, November 18 at the Red Sea resort of Sharm El Sheikh. AFP
  • Participants at the Sharm El Sheikh International Convention Centre before Cop27 opens. AFP
    Participants at the Sharm El Sheikh International Convention Centre before Cop27 opens. AFP
  • Finance and compensation are expected to dominate two weeks of tough talks in Sharm El Sheikh. Reuters
    Finance and compensation are expected to dominate two weeks of tough talks in Sharm El Sheikh. Reuters
  • It is also expected Cop27 will hear calls for the historically controversial issue of 'loss and damage' funds to be placed on the agenda for the first time. AFP
    It is also expected Cop27 will hear calls for the historically controversial issue of 'loss and damage' funds to be placed on the agenda for the first time. AFP
  • Pledges on forests and methane made at last year’s Cop26 that are signed by more countries would be welcome. Reuters
    Pledges on forests and methane made at last year’s Cop26 that are signed by more countries would be welcome. Reuters
  • An illumination of Khafre Pyramid, one of the three ancient pyramids of Giza. AFP
    An illumination of Khafre Pyramid, one of the three ancient pyramids of Giza. AFP

'How many wake-up calls does the world need?' Cop27 opens in Egypt


  • English
  • Arabic

The UN’s annual climate summit, Cop27, has formally opened in Egypt.

More than 120 world leaders plan to attend the crucial event in Sharm El Sheikh.

The summit comes at a critical moment with the world regularly experiencing extreme weather events linked to climate change.

Cop27 began with a speech by Cop26 president Alok Sharma to mark the formal handover to Egypt.

Entire regions are becoming unlivable and we must find the ability to focus on more than one thing at once. Inaction is myopic and can only defer climate catastrophe
Alok Sharma,
Cop 26 President

Two key areas on the agenda are trying to keep alive the Paris goal of limiting warming to 1.5ºC from pre-industrial levels, and the issue of finance.

Mr Sharma said the world is still not on track regarding the 1.5ºC limit, despite making progress amid a challenging geopolitical environment.

“How many wake-up calls does the world need?” asked Mr Sharma. “Entire regions are becoming unlivable [and] we must find the ability to focus on more than one thing at once. Inaction is myopic and can only defer climate catastrophe.”

He pointed to the Pakistan floods this year and drought in China as evidence that the world needs to act. He also urged more progress on finance that he said could “make or break” the programme ahead.

Mr Sharma said Cop27 had to be about “concrete action”.

“I hope world leaders explain clearly what countries have achieved [since Cop26] and go further. It is a matter of trust. I remain hopeful.”

  • British Prime Minister Rishi Sunak arriving in Sharm El Sheikh, Egypt, to attend the Cop27 summit. Getty Images
    British Prime Minister Rishi Sunak arriving in Sharm El Sheikh, Egypt, to attend the Cop27 summit. Getty Images
  • A dancer performs the 'Tanoura' during a street performance in Sharm El Sheikh. EPA
    A dancer performs the 'Tanoura' during a street performance in Sharm El Sheikh. EPA
  • Cop27 President Sameh Shoukry speaks at the climate change conference in Sharm El Sheikh on Sunday. EPA
    Cop27 President Sameh Shoukry speaks at the climate change conference in Sharm El Sheikh on Sunday. EPA
  • Participants and delegates meet in the Pacific Island pavilion at the Sharm El Sheikh International Convention Centre, on the first day of Cop27. AFP
    Participants and delegates meet in the Pacific Island pavilion at the Sharm El Sheikh International Convention Centre, on the first day of Cop27. AFP
  • Participants meet at the Sharm El Sheikh International Convention Centre on the first day of Cop27. AFP
    Participants meet at the Sharm El Sheikh International Convention Centre on the first day of Cop27. AFP
  • Simon Stiell, the executive secretary of the UN's Framework Convention on Climate Change speaks at the climate summit in Sharm El Sheikh. EPA
    Simon Stiell, the executive secretary of the UN's Framework Convention on Climate Change speaks at the climate summit in Sharm El Sheikh. EPA
  • Chairman of the Intergovernmental Panel on Climate Change Hoesung Lee attends the Cop27 opening ceremony. AFP
    Chairman of the Intergovernmental Panel on Climate Change Hoesung Lee attends the Cop27 opening ceremony. AFP
  • From left to right, the UN's climate change communications officer, Alexander Saier; Simon Stiell, the executive secretary of the UN's Framework Convention on Climate Change; and Cop27 President Sameh Shoukry listen to questions following the opening ceremony. AFP
    From left to right, the UN's climate change communications officer, Alexander Saier; Simon Stiell, the executive secretary of the UN's Framework Convention on Climate Change; and Cop27 President Sameh Shoukry listen to questions following the opening ceremony. AFP
  • Alok Sharma, president of the Cop26 climate summit, speaks at Cop27 in Sharm El Sheikh, Egypt. AP
    Alok Sharma, president of the Cop26 climate summit, speaks at Cop27 in Sharm El Sheikh, Egypt. AP
  • Delegates arrive at Cop27 in Sharm El Sheikh, Egypt. Mahmoud Nasr / The National
    Delegates arrive at Cop27 in Sharm El Sheikh, Egypt. Mahmoud Nasr / The National
  • Delegates arrive at Cop27 in Sharm El Sheikh, Egypt. Mahmoud Nasr / The National
    Delegates arrive at Cop27 in Sharm El Sheikh, Egypt. Mahmoud Nasr / The National
  • Delegates arrive at Cop27 in Sharm El Sheikh, Egypt. Mahmoud Nasr / The National
    Delegates arrive at Cop27 in Sharm El Sheikh, Egypt. Mahmoud Nasr / The National
  • Activists demonstrate at the entrance of the Sharm El Sheikh International Convention Centre. Reuters
    Activists demonstrate at the entrance of the Sharm El Sheikh International Convention Centre. Reuters
  • Delegates arrive at the Sharm El Sheikh International Convention Centre for Cop27. AFP
    Delegates arrive at the Sharm El Sheikh International Convention Centre for Cop27. AFP
  • More than 120 world leaders plan to attend the crucial event in Sharm El Sheikh. Reuters
    More than 120 world leaders plan to attend the crucial event in Sharm El Sheikh. Reuters
  • The summit comes at a critical moment with the world regularly experiencing extreme weather events that many – including the UN – have linked to climate change. Reuters
    The summit comes at a critical moment with the world regularly experiencing extreme weather events that many – including the UN – have linked to climate change. Reuters
  • Two key areas on the agenda are trying to keep the Paris goal of 1.5ºC warming on pre-industrial levels alive and the issue of finance. AP
    Two key areas on the agenda are trying to keep the Paris goal of 1.5ºC warming on pre-industrial levels alive and the issue of finance. AP
  • The summit begins in earnest on Monday when world leaders arrive at the summit for two days of intense talks. They will also deliver addresses to the event. Reuters
    The summit begins in earnest on Monday when world leaders arrive at the summit for two days of intense talks. They will also deliver addresses to the event. Reuters
  • A delegate from the Cook Islands. AP
    A delegate from the Cook Islands. AP
  • The main entrance of the Sharm El Sheikh International Convention Centre in Egypt where the Cop27 climate summit is opening today. Reuters
    The main entrance of the Sharm El Sheikh International Convention Centre in Egypt where the Cop27 climate summit is opening today. Reuters
  • Participants visit the Sharm El Sheikh International Convention Centre. AFP
    Participants visit the Sharm El Sheikh International Convention Centre. AFP
  • Participants at the Sharm El Sheikh International Convention Centre. Reuters
    Participants at the Sharm El Sheikh International Convention Centre. Reuters
  • The climate summit will run from Sunday to Friday, November 18 at the Red Sea resort of Sharm El Sheikh. AFP
    The climate summit will run from Sunday to Friday, November 18 at the Red Sea resort of Sharm El Sheikh. AFP
  • Participants at the Sharm El Sheikh International Convention Centre before Cop27 opens. AFP
    Participants at the Sharm El Sheikh International Convention Centre before Cop27 opens. AFP
  • Finance and compensation are expected to dominate two weeks of tough talks in Sharm El Sheikh. Reuters
    Finance and compensation are expected to dominate two weeks of tough talks in Sharm El Sheikh. Reuters
  • It is also expected Cop27 will hear calls for the historically controversial issue of 'loss and damage' funds to be placed on the agenda for the first time. AFP
    It is also expected Cop27 will hear calls for the historically controversial issue of 'loss and damage' funds to be placed on the agenda for the first time. AFP
  • Pledges on forests and methane made at last year’s Cop26 that are signed by more countries would be welcome. Reuters
    Pledges on forests and methane made at last year’s Cop26 that are signed by more countries would be welcome. Reuters
  • An illumination of Khafre Pyramid, one of the three ancient pyramids of Giza. AFP
    An illumination of Khafre Pyramid, one of the three ancient pyramids of Giza. AFP

This was followed by a speech from Cop27 president Sameh Shoukry.

He said the series of Cop summits have been “a continuous journey that has proven useful year after year. We are now more aware of the danger that threatens us … and understand better what we need to do.”

“We are determined to continue on this path. This is a defining moment and a distinguished landmark on a long road," Mr Shoukry said.

Referring to the lack of adequate action to combat climate change, he warned: “Continuing in this manner without a drastic change will have grave consequences that will be befall future generations … we are still facing gaps that continue to widen in efforts to stop rising temperatures and take measures to adjust to it or making funds available.”

Broken pledges

He also complained that the deal for $100 billion a year — pledged by rich nations in Copenhagen in 2009 — “did not find its way to implementation.”

“We cannot continue like this,” he said.

On a positive note, he lauded what he called “unprecedented leaps” in the use of renewable energy in recent years and growing societal awareness, especially among young people, of the need to effectively deal with climate change.

In a message on Facebook, Egypt's President Abdel Fattah El Sisi wrote: “These dangers and challenges require swift actions from all countries to lay down a road map for salvation that protects the world from climate change.

“Egypt is looking for this conference to emerge from the stage of promises to the stage of execution, with concrete measures on the ground that build on what we already have; the resolutions of the Glasgow summit and the Paris agreement.”

The opening ceremony also included remarks from the UN's new climate change chief, Simon Stiell; and Hoesung Lee, chair of the UN's Intergovernmental Panel on Climate Change (IPCC), which assesses the science related to climate change.

Early agreement damage funding for small nations

Cop27 started with something of a win after a loss and damage funding was added to the summit's agenda for the first time, after a 30-year wait.

This item was initially brought up by small island states to help deal with the devastating effects of climate change, but was shut down by wealthier nations.

Climate funding so far has focused on cutting carbon dioxide emissions in an effort to curb climate change, while about a third of it has gone toward projects to help communities adapt to future impacts.

Loss and damage funding would be different, in compensating costs that countries can't avoid or "adapt" to.

During Cop26 in Glasgow last year, it was agreed there would be a dialogue surrounding the funding, but it is now going to be discussed in Sharm El Sheikh.

There is no agreement yet over what should count as "loss and damage" in climate disasters.

A June report by 55 vulnerable countries estimated their combined climate-linked losses over the last two decades totalled about $525 billion, or about 20 per cent of their collective GDP.

Intense talks

The summit begins in earnest on Monday when world leaders arrive at the summit for two days of intense talks. They will also deliver addresses to the event.

After they leave on Wednesday, their negotiators will try to reach agreement on several issues over the next two weeks.

Finance is particularly divisive. Developing countries want “loss and damage” money — to fund the effects of climate change rather than prepare for its consequences — up for discussion.

Many reports released over the past months have questioned the viability of keeping the 1.5ºC target alive. One, the UN's emissions gap report, said there was no “no credible pathway” to doing so.

Egypt has said it wants this summit to be about implementation of existing climate pledges — particularly those made in Paris in 2015 at Cop21.

Global tensions such as the Ukraine war and soaring inflation are set to make this a particularly challenging summit.

Cop27 will run until November 16.

RESULTS

Light Flyweight (48kg): Alua Balkibekova (KAZ) beat Gulasal Sultonalieva (UZB) by points 4-1.

Flyweight (51kg): Nazym Kyzaibay (KAZ) beat Mary Kom (IND) 3-2.

Bantamweight (54kg): Dina Zholaman (KAZ) beat Sitora Shogdarova (UZB) 3-2.

Featherweight (57kg): Sitora Turdibekova (UZB) beat Vladislava Kukhta (KAZ) 5-0.

Lightweight (60kg): Rimma Volossenko (KAZ) beat Huswatun Hasanah (INA) KO round-1.

Light Welterweight (64kg): Milana Safronova (KAZ) beat Lalbuatsaihi (IND) 3-2.

Welterweight (69kg): Valentina Khalzova (KAZ) beat Navbakhor Khamidova (UZB) 5-0

Middleweight (75kg): Pooja Rani (IND) beat Mavluda Movlonova (UZB) 5-0.

Light Heavyweight (81kg): Farida Sholtay (KAZ) beat Ruzmetova Sokhiba (UZB) 5-0.

Heavyweight (81 kg): Lazzat Kungeibayeva (KAZ) beat Anupama (IND) 3-2.

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

What vitamins do we know are beneficial for living in the UAE

Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.

DAY%20ONE%20RESULT
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Company profile

Company name: Suraasa

Started: 2018

Founders: Rishabh Khanna, Ankit Khanna and Sahil Makker

Based: India, UAE and the UK

Industry: EdTech

Initial investment: More than $200,000 in seed funding

Electric scooters: some rules to remember
  • Riders must be 14-years-old or over
  • Wear a protective helmet
  • Park the electric scooter in designated parking lots (if any)
  • Do not leave electric scooter in locations that obstruct traffic or pedestrians
  • Solo riders only, no passengers allowed
  • Do not drive outside designated lanes
The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

Winners

Ballon d’Or (Men’s)
Ousmane Dembélé (Paris Saint-Germain / France)

Ballon d’Or Féminin (Women’s)
Aitana Bonmatí (Barcelona / Spain)

Kopa Trophy (Best player under 21 – Men’s)
Lamine Yamal (Barcelona / Spain)

Best Young Women’s Player
Vicky López (Barcelona / Spain)

Yashin Trophy (Best Goalkeeper – Men’s)
Gianluigi Donnarumma (Paris Saint-Germain and Manchester City / Italy)

Best Women’s Goalkeeper
Hannah Hampton (England / Aston Villa and Chelsea)

Men’s Coach of the Year
Luis Enrique (Paris Saint-Germain)

Women’s Coach of the Year
Sarina Wiegman (England)

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Company%C2%A0profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3Eamana%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2010%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Karim%20Farra%20and%20Ziad%20Aboujeb%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EUAE%3Cbr%3E%3Cstrong%3ERegulator%3A%20%3C%2Fstrong%3EDFSA%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinancial%20services%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3E85%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ESelf-funded%3Cbr%3E%3C%2Fp%3E%0A
Six pitfalls to avoid when trading company stocks

Following fashion

Investing is cyclical, buying last year's winners often means holding this year's losers.

Losing your balance

You end up with too much exposure to an individual company or sector that has taken your fancy.

Being over active

If you chop and change your portfolio too often, dealing charges will eat up your gains.

Running your losers

Investors hate admitting mistakes and hold onto bad stocks hoping they will come good.

Selling in a panic

If you sell up when the market drops, you have locked yourself out of the recovery.

Timing the market

Even the best investor in the world cannot consistently call market movements.

Countries recognising Palestine

France, UK, Canada, Australia, Portugal, Belgium, Malta, Luxembourg, San Marino and Andorra

 

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

EA Sports FC 25
The 12 Syrian entities delisted by UK 

Ministry of Interior
Ministry of Defence
General Intelligence Directorate
Air Force Intelligence Agency
Political Security Directorate
Syrian National Security Bureau
Military Intelligence Directorate
Army Supply Bureau
General Organisation of Radio and TV
Al Watan newspaper
Cham Press TV
Sama TV

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.”

How to watch Ireland v Pakistan in UAE

When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.

Boulder shooting victims

• Denny Strong, 20
• Neven Stanisic, 23
• Rikki Olds, 25
• Tralona Bartkowiak, 49
• Suzanne Fountain, 59
• Teri Leiker, 51
• Eric Talley, 51
• Kevin Mahoney, 61
• Lynn Murray, 62
• Jody Waters, 65

SPEC%20SHEET
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Updated: November 07, 2022, 3:57 AM