(FILES) In this file photo United Nations Secretary General Antonio Guterres speaks during a press briefing at United Nations Headquarters on February 4, 2020 in New York City. UN Secretary-General Antonio Guterres called April 9,2020 for the Security Council to unite in its response to the COVID-19 pandemic, calling it "the fight of a generation -- and the 'raison d'être' of the United Nations itself." "A signal of unity and resolve from the Council would count for a lot at this anxious time," he told the group which was holding its first meeting on the new coronavirus by videoconference. / AFP / Angela Weiss
(FILES) In this file photo United Nations Secretary General Antonio Guterres speaks during a press briefing at United Nations Headquarters on February 4, 2020 in New York City. UN Secretary-General Antonio Guterres called April 9,2020 for the Security Council to unite in its response to the COVID-19 pandemic, calling it "the fight of a generation -- and the 'raison d'être' of the United Nations itself." "A signal of unity and resolve from the Council would count for a lot at this anxious time," he told the group which was holding its first meeting on the new coronavirus by videoconference. / AFP / Angela Weiss
(FILES) In this file photo United Nations Secretary General Antonio Guterres speaks during a press briefing at United Nations Headquarters on February 4, 2020 in New York City. UN Secretary-General Antonio Guterres called April 9,2020 for the Security Council to unite in its response to the COVID-19 pandemic, calling it "the fight of a generation -- and the 'raison d'être' of the United Nations itself." "A signal of unity and resolve from the Council would count for a lot at this anxious time," he told the group which was holding its first meeting on the new coronavirus by videoconference. / AFP / Angela Weiss
(FILES) In this file photo United Nations Secretary General Antonio Guterres speaks during a press briefing at United Nations Headquarters on February 4, 2020 in New York City. UN Secretary-General An

Coronavirus threatening international peace and security, says UN


  • English
  • Arabic

Secretary-General Antonio Guterres warned the UN Security Council on Thursday that the coronavirus pandemic is threatening international peace and security — “potentially leading to an increase in social unrest and violence that would greatly undermine our ability to fight the disease.”

The UN’s most powerful body, which has been silent on Covid-19 since it started circling the globe sickening and killing tens of thousands, issued its first brief press statement after the closed meeting. It expressed “support for all efforts of the secretary-general concerning the potential impact of the COVID-19 pandemic to conflict-affected countries and recalled the need for unity and solidarity with all those affected”.

Mr Guterres, who called for a cease-fire for all global conflicts on March 23, said the crisis has “hindered international, regional and national conflict resolution efforts, exactly when they are needed most”.

He cited other pressing risks to global security from the pandemic: terrorists seeing an opportunity to strike, groups seeing how a biological terrorist attack might unfold, the erosion of trust in public institutions, economic instability, political tensions from postponing elections or referenda, uncertainty sparking further division and turmoil in some countries, and Covid-19 “triggering or exacerbating various human rights challenges.”

The secretary-general reiterated that the United Nations faces “its gravest test” since the organisation was founded 75 years ago from the pandemic and concluded saying: “This is the fight of a generation — and the raison d’être of (the reason for) the United Nations itself.”

Mr Guterres spoke by video conference at a closed council meeting on COVID-19’s impact on the council’s mandate, which is the preservation of international peace and security. It was the first discussion by its 15 ambassadors on the pandemic. While the meeting was closed, the U.N. spokesman released Guterres’ briefing and a number of ambassadors released their remarks to the media.

The UN chief said the engagement of the Security Council will be “critical to mitigate the peace and security implications of the COVID-19 pandemic.” He added that “a signal of unity and resolve from the Council would count for a lot at this anxious time.”

Diplomats said the Security Council was initially blocked from issuing a statement or adopting a resolution by US insistence that the origin of the virus in China or Wuhan be included, which China objected to, but Belgium’s UN Ambassador Marc Pecsteen de Buytswerve, an elected council member, said that was not mentioned on Thursday. He and the nine other elected council members had been pressing for a meeting and succeeded in getting the secretary-general to brief on Thursday.

According to diplomats, French President Emmanuel Macron and U.S. President Donald Trump agreed to organise a video conference of leaders of the five permanent council members, also including China, Russia and Britain, and France wanted that before a council meeting, but it couldn’t be arranged. Meanwhile, the 10 elected members had been pressing for a council meeting and briefing from Guterres — and they had the nine votes needed for it to happen on Thursday.

Mr Pecsteen de Buytswerve said even though the press statement from the council was “very minimal” it is an expression of support for the secretary-general and his call for peace and a cease-fire “and that’s the most important thing at this stage”.

Fixtures
%3Cp%3E%3Cstrong%3EWednesday%2C%20April%203%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3EArsenal%20v%20Luton%20Town%2C%2010.30pm%20(UAE)%3C%2Fp%3E%0A%3Cp%3EManchester%20City%20v%20Aston%20Villa%2C%2011.15pm%20(UAE)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EThursday%2C%20April%204%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3ELiverpool%20v%20Sheffield%20United%2C%2010.30pm%20(UAE)%3C%2Fp%3E%0A
Global Fungi Facts

• Scientists estimate there could be as many as 3 million fungal species globally
• Only about 160,000 have been officially described leaving around 90% undiscovered
• Fungi account for roughly 90% of Earth's unknown biodiversity
• Forest fungi help tackle climate change, absorbing up to 36% of global fossil fuel emissions annually and storing around 5 billion tonnes of carbon in the planet's topsoil

RESULTS

5pm: Maiden (PA) Dh80,000 2,200m
Winner: Arjan, Fabrice Veron (jockey), Eric Lemartinel (trainer).

5.30pm: Maiden (PA) Dh80,000 1,400m​​​​​​​
Winner: Jap Nazaa, Royston Ffrench, Irfan Ellahi.

6pm: Al Ruwais Group 3 (PA) Dh300,000 1,200m​​​​​​​
Winner: RB Lam Tara, Fabrice Veron, Eric Lemartinal.

6.30pm: Shadwell Gold Cup Prestige Dh125,000 1,600m​​​​​​​
Winner: AF Sanad, Bernardo Pinheiro, Khalifa Al Neyadi.

7pm: Shadwell Farm Stallions Handicap (PA) Dh70,000 1,600m​​​​​​​
Winner: Jawal Al Reef, Patrick Cosgrave, Abdallah Al Hammadi.

7.30pm: Maiden (TB) Dh80,000 1,600m​​​​​​​
Winner: Dubai Canal, Harry Bentley, Satish Seemar.

The lowdown

Badla

Rating: 2.5/5

Produced by: Red Chillies, Azure Entertainment 

Director: Sujoy Ghosh

Cast: Amitabh Bachchan, Taapsee Pannu, Amrita Singh, Tony Luke

Infiniti QX80 specs

Engine: twin-turbocharged 3.5-liter V6

Power: 450hp

Torque: 700Nm

Price: From Dh450,000, Autograph model from Dh510,000

Available: 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.”

UAE currency: the story behind the money in your pockets
Where to buy

Limited-edition art prints of The Sofa Series: Sultani can be acquired from Reem El Mutwalli at www.reemelmutwalli.com

Meydan card

6.30pm: Al Maktoum Challenge Round-1 (PA) Group 1 US$65,000 (Dirt) 1,600m
7.05pm: Conditions (TB) $100,000 (Turf) 1,400m
7.40pm: UAE 2000 Guineas Trial (TB) $100,000 (D) 1,600m
8.15pm: Handicap (TB) $175,000 (T) 1,200m
8.50pm: Al Maktoum Challenge Round-1 (TB) Group 2 $350,000 (D) 1,600m
9.25pm: Handicap (TB) $175,000 (D) 1,900m
10pm: Handicap (TB) $135,000 (T) 1,600m

Why seagrass matters
  • Carbon sink: Seagrass sequesters carbon up to 35X faster than tropical rainforests
  • Marine nursery: Crucial habitat for juvenile fish, crustations, and invertebrates
  • Biodiversity: Support species like sea turtles, dugongs, and seabirds
  • Coastal protection: Reduce erosion and improve water quality
GREATEST ROYAL RUMBLE CARD

The line-up as it stands for the Greatest Royal Rumble in Saudi Arabia on April 27

50-man Royal Rumble

Universal Championship
Brock Lesnar (champion) v Roman Reigns

Casket match
The Undertaker v Rusev

Intercontinental Championship
Seth Rollins (champion) v The Miz v Finn Balor v Samoa Joe

SmackDown Tag Team Championship
The Bludgeon Brothers v The Usos

Raw Tag Team Championship
Sheamus and Cesaro v Bray Wyatt and Matt Hardy

United States Championship
Jeff Hardy (champion) v Jinder Mahal

Singles match
Triple H v John Cena

To be confirmed
AJ Styles will defend his WWE World Heavyweight title and Cedric Alexander his Cruiserweight Championship, but matches have yet to be announced

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

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.

Brahmastra%3A%20Part%20One%20-%20Shiva
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EAyan%20Mukerji%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3ERanbir%20Kapoor%2C%20Alia%20Bhatt%20and%20Amitabh%20Bachchan%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%202%2F5%3C%2Fp%3E%0A