A teenager from Somalia became the first person to face piracy charges in the United States for more than a century.
Abde Wale Abdul Kadhir Muse, 16, was the only survivor of a gang of four who were holding an American captain hostage aboard a lifeboat.
He was on board a US warship negotiating a ransom when snipers shot dead three others guarding Captain Richard Phillips.
His mother appealed for her son's release, telling the BBC: "I am requesting the American government, I am requesting President Obama to release my child. He has got nothing to do with the pirates' crime.
"He is a minor. He is under age and he has been used for this crime."
The father of one of the child stars of the international hit film Slumdog Millionaire has denied a newspaper report that he was willing to sell her for £200,000 (Dh1 million).
The News of The World, a British tabloid newspaper, claimed that Rafiq Qureshi had offered to sell nine-year-old Rubina Ali to a reporter posing as an Arab sheikh who wanted to adopt her and bring her to Dubai.
Mr Qureshi, a carpenter in Mumbai, said the newspaper had "made fun of our poverty".
"They tricked us into this fakery but we came out unscathed."
Pets are to be banned from public parks and beaches in Abu Dhabi.
A draft law published by the municipality will also require owners to keep their dogs on a leash at all times.
Officials say the legislation is in response to complaints from members of the public about unruly animals and could be introduced within two months.
Dog owners say the rules will make it hard to exercise their pets and are a response to antisocial behaviour by a tiny minority of owners.
A speech by Mahmoud Ahmadinejad at a United Nations anti-racism conference prompted a walk out by dozens of delegates.
The Iranian president described Israel as a " most cruel and totally racist government" and said it was working with the US and Europe to destabilise the world.
France called his remarks a "hate speech" with America describing it as "vile".
Officials from Britain and other European countries walked out of the conference in Geneva which had already been boycotted by the USA, Netherlands, Poland, Italy, Germany, New Zealand, Australia and Israel.
They claimed the conference, designed to combat racism, was instead promoting it.
The remaining delegates applauded the Iranian president at the end of his remarks
Mr Ahmadinejad said later that countries boycotting had showed "arrogance and selfishness".
An obscure book given to President Barack Obama by the left-wing president of Venezuela, Hugo Chavez, has become an international best-seller.
Open Veins of Latin America: Five Centuries of the Pillage of a Continent, by Eduardo Galeano, a Uruguayan journalist, was first published in 1971 and is out of print in hardcover.
The paperback edition jumped to No 2 in sales on Amazon.com after President Chavez handed a copy to President Obama at the Summit of the Americas.
The book claims foreign interests have dictated life in Latin America since the arrival of the Spanish in the 15th century.
A taste of space
Astrobiologists searching for the building blocks of the cosmos in Sagittarius B2, a giant dust cloud at the centre of the Milky Way say they have detected ethyl formate, a chemical that gives the fruit its taste.
The chemical was discovered in a search for molecules that could explain how life emerged.
Shoppers at Masdar City, the experimental ecological community being built on the outskirts of Abu Dhabi, may be told the environmental costs of their purchases along with the receipt.
Retailers will list the carbon footprint of every product on their shelves when the Dh14 billion (US$3.8bn) development opens in 2011.
Speaking at Cityscape Abu Dhabi, Khaled Awad, the director of Masdar's property development unit, said: "The key is to get this information and pass it to the consumer so the consumer has a choice."
Hitler's master-race of cattle were discovered to be living in a field in rural England.
Nazi scientists bred the Heck cows in an attempt to recreate the auroch, an extinct wild ox whose power and strength resonates in German mythology.
Only a few animals survived the Second World War, and a herd of 13 has now been created by the farmer and conservationist Derek Gow on his land in Devon.
Swat deal criticised
Hillary Clinton, the US secretary of state, accused the government of Pakistan of abdicating power to the Taliban in parts of the country.
Speaking to the House Foreign Affairs Committee, Mrs Clinton warned allowing extremists to control areas like the Swat Valley threatened world peace.
She called the situation "a mortal threat to the security and safety of our country and the world".
"I think the Pakistani government is basically abdicating to the Taliban and the extremists," she added.
The founder of the micro-blogging service Twitter visited Baghdad to see if Iraqis could be persuaded to start "tweeting".
Jack Dorsey met with representatives of Iraqi mobile phone services to discuss adding Twitter to local handsets. He was joined by senior executives from Google and YouTube in a visit sponsored by the US government.
More than 80 per cent of Iraqis have mobile phones, but only five per cent have home broadband.
Mr Dorsey, who invented the service in 2006, used Twitter to tell friends and colleagues that he had talked to Jalal Talabani, the president of Iraq.
"Met the President of Iraq at his house this morn. Amazing palace and an enlightening conversation," his entry read.
Pakistan played Australia in Dubai in a match that signalled the emergence of the UAE as a venue for world-class cricket.
Fears of terrorism, following the attack on the Sri Lanka team in Lahore last month, led to the game being switched to the Dubai Sports City stadium.
Thousands of Pakistani fans saw their team defeat the current world champions in the first of five one-day internationals.
jlangton@thenational.ae
POWERWASH%20SIMULATOR
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ARGYLLE
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2025 Fifa Club World Cup groups
Group A: Palmeiras, Porto, Al Ahly, Inter Miami.
Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.
Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.
Group D: Flamengo, ES Tunis, Chelsea, Leon.
Group E: River Plate, Urawa, Monterrey, Inter Milan.
Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.
Group G: Manchester City, Wydad, Al Ain, Juventus.
Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.
Pakistanis%20at%20the%20ILT20%20
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Monster Hunter: World
Capcom
PlayStation 4, Xbox One
Zodi%20%26%20Tehu%3A%20Princes%20Of%20The%20Desert
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UAE'S%20YOUNG%20GUNS
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The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
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.”
TO A LAND UNKNOWN
Director: Mahdi Fleifel
Starring: Mahmoud Bakri, Aram Sabbah, Mohammad Alsurafa
Rating: 4.5/5
General%20Classification
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Defined benefit and defined contribution schemes explained
Defined Benefit Plan (DB)
A defined benefit plan is where the benefit is defined by a formula, typically length of service to and salary at date of leaving.
Defined Contribution Plan (DC)
A defined contribution plan is where the benefit depends on the amount of money put into the plan for an employee, and how much investment return is earned on those contributions.
THE%20SPECS
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What drives subscription retailing?
Once the domain of newspaper home deliveries, subscription model retailing has combined with e-commerce to permeate myriad products and services.
The concept has grown tremendously around the world and is forecast to thrive further, according to UnivDatos Market Insights’ report on recent and predicted trends in the sector.
The global subscription e-commerce market was valued at $13.2 billion (Dh48.5bn) in 2018. It is forecast to touch $478.2bn in 2025, and include the entertainment, fitness, food, cosmetics, baby care and fashion sectors.
The report says subscription-based services currently constitute “a small trend within e-commerce”. The US hosts almost 70 per cent of recurring plan firms, including leaders Dollar Shave Club, Hello Fresh and Netflix. Walmart and Sephora are among longer established retailers entering the space.
UnivDatos cites younger and affluent urbanites as prime subscription targets, with women currently the largest share of end-users.
That’s expected to remain unchanged until 2025, when women will represent a $246.6bn market share, owing to increasing numbers of start-ups targeting women.
Personal care and beauty occupy the largest chunk of the worldwide subscription e-commerce market, with changing lifestyles, work schedules, customisation and convenience among the chief future drivers.
Frida%20
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Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
On sale: Now
Price: From Dh158,000 (Cooper), Dh168,000 (Aceman), Dh132,000 (Countryman)
RESULTS
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COMPANY%20PROFILE
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Common%20symptoms%20of%20MS
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10 tips for entry-level job seekers
- Have an up-to-date, professional LinkedIn profile. If you don’t have a LinkedIn account, set one up today. Avoid poor-quality profile pictures with distracting backgrounds. Include a professional summary and begin to grow your network.
- Keep track of the job trends in your sector through the news. Apply for job alerts at your dream organisations and the types of jobs you want – LinkedIn uses AI to share similar relevant jobs based on your selections.
- Double check that you’ve highlighted relevant skills on your resume and LinkedIn profile.
- For most entry-level jobs, your resume will first be filtered by an applicant tracking system for keywords. Look closely at the description of the job you are applying for and mirror the language as much as possible (while being honest and accurate about your skills and experience).
- Keep your CV professional and in a simple format – make sure you tailor your cover letter and application to the company and role.
- Go online and look for details on job specifications for your target position. Make a list of skills required and set yourself some learning goals to tick off all the necessary skills one by one.
- Don’t be afraid to reach outside your immediate friends and family to other acquaintances and let them know you are looking for new opportunities.
- Make sure you’ve set your LinkedIn profile to signal that you are “open to opportunities”. Also be sure to use LinkedIn to search for people who are still actively hiring by searching for those that have the headline “I’m hiring” or “We’re hiring” in their profile.
- Prepare for online interviews using mock interview tools. Even before landing interviews, it can be useful to start practising.
- Be professional and patient. Always be professional with whoever you are interacting with throughout your search process, this will be remembered. You need to be patient, dedicated and not give up on your search. Candidates need to make sure they are following up appropriately for roles they have applied.
Arda Atalay, head of Mena private sector at LinkedIn Talent Solutions, Rudy Bier, managing partner of Kinetic Business Solutions and Ben Kinerman Daltrey, co-founder of KinFitz
Aggro%20Dr1ft
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EA%20Sports%20FC%2024
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The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%206.5-litre%20V12%20and%20three%20electric%20motors%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E1%2C015hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E1%2C500Nm%20(estimate)%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%3C%2Fstrong%3E%20Eight-speed%20dual-clutch%20auto%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20Early%202024%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh2%20million%20(estimate)%3C%2Fp%3E%0A
SPECS
%3Cp%3E%0D%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%204.0-litre%20twin-turbo%20V8%0D%3Cbr%3E%3Cstrong%3EPower%3A%3C%2Fstrong%3E%20750hp%20at%207%2C500rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20800Nm%20at%205%2C500rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%3C%2Fstrong%3E%207%20Speed%20dual-clutch%20auto%0D%0D%3Cbr%3E%3Cstrong%3ETop%20speed%3A%3C%2Fstrong%3E%20332kph%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%3C%2Fstrong%3E%2012.2L%2F100km%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3EYear%20end%0D%3Cbr%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20From%20Dh1%2C430%2C000%20(coupe)%3B%20From%20Dh1%2C566%2C000%20(Spider)%3C%2Fp%3E%0A
Company%20profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Belong%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Michael%20Askew%20and%20Matthew%20Gaziano%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20Technology%3Cbr%3E%3Cstrong%3ETotal%20funding%3A%3C%2Fstrong%3E%20%243.5%20million%20from%20crowd%20funding%20and%20angel%20investors%3Cstrong%3E%3Cbr%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%2012%3C%2Fp%3E%0A
Naga
%3Cp%3E%3Cstrong%3EDirector%3A%C2%A0%3C%2Fstrong%3EMeshal%20Al%20Jaser%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%C2%A0%3C%2Fstrong%3EAdwa%20Bader%2C%20Yazeed%20Almajyul%2C%20Khalid%20Bin%20Shaddad%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E4%2F5%3C%2Fp%3E%0A
