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The Arab Ministerial Contact Committee on Syria offered to support the country in its transition from more than 50 years of Assad family rule and outlined their vision for a political process that would meet the aspirations of all Syrians.
In a statement issued following its meeting in Jordan's port city of Aqaba on Saturday, the committee stressed the need for an inclusive national dialogue and for Syrians to unite in building a free, safe, stable and unified country.
The full text of the statement is as follows:
At the invitation of the Minister of Foreign Affairs of the Hashemite Kingdom of Jordan, the Foreign Ministers of the member states of the Arab Ministerial Contact Committee on Syria, formed under Resolution No 8914 issued by the extraordinary session of the Council of the League of Arab States at the ministerial level, met today, Saturday, in the city of Aqaba, namely the Hashemite Kingdom of Jordan, the Kingdom of Saudi Arabia, the Republic of Iraq, the Lebanese Republic, the Arab Republic of Egypt, and the Secretary General of the League of Arab States, with the participation of the Foreign Ministers of the United Arab Emirates, the Kingdom of Bahrain, the current President of the Arab Summit, and the State of Qatar.
The attendees discussed the developments that Syria has witnessed over the past weeks.
The attendees stressed:
1. Standing by the brotherly Syrian people, providing them with all aid and support at this critical stage, and respecting their will and choices.
2. Supporting a peaceful, inclusive Syrian political transitional process, in which all Syrian political and social forces are represented, including women, youth and civil society, with justice, sponsored by the United Nations and the Arab League, and following the principles, objectives and mechanisms of Security Council Resolution No 2254, including the formation of an inclusive transitional governing body with Syrian consensus, and beginning to implement the steps specified in the resolution to move from the transitional phase to a new political system that meets the aspirations of the Syrian people with all its components, through free and fair elections supervised by the United Nations, based on a new constitution approved by the Syrians, and within specific timeframes in accordance with the mechanisms adopted by the resolution.
3. Supporting the role of the UN envoy to Syria and requesting the UN Secretary General to provide him with all necessary capabilities and begin work on establishing a UN mission to assist Syria in sponsoring the transitional process and assisting the brotherly Syrian people in achieving a political process led by the Syrians in accordance with Resolution 2254.
4. This delicate stage requires a comprehensive national dialogue and the solidarity of the Syrian people with all its components, spectrums, and political and social forces to build a free, secure, stable and unified Syria that the Syrian people deserve after long years of suffering and sacrifices.
5. The necessity of an immediate cessation of all military operations.
6. The necessity of respecting the rights of the Syrian people with all its components, without any discrimination based on race, sect, or religion, and ensuring justice and equality for all citizens.
7. The necessity of preserving the institutions of the Syrian state and enhancing their ability to carry out their roles in serving the Syrian people, protecting Syria from slipping into chaos, and working immediately to empower a police force to protect citizens, their property, and the capabilities of the Syrian state.
8. Commitment to enhance efforts to combat terrorism and co-operation in combating it because it poses a threat to Syria and to the security of the region and the world, and its defeat is a collective priority.
9. Absolute solidarity with the Syrian Arab Republic in protecting its unity, territorial integrity, sovereignty, security, stability and the safety of its citizens.
10. Providing the humanitarian support needed by the Syrian people, including through co-operation with the relevant United Nations organisations.
11. Preparing the security, living and political conditions for the voluntary return of Syrian refugees to their homeland and providing all necessary assistance for this, in co-operation with the relevant United Nations organisations.
12. Achieving national reconciliation and the principles of transitional justice in accordance with legal and humanitarian standards and without retaliation, and stopping the bloodshed of the brotherly Syrian people who deserve to end their suffering.
13. Condemning the incursion of the Zionist entity into the buffer zone with Syria and the chain of sites adjacent to it in Mount Hermon and the governorates of Quneitra and Rif Dimashq, and rejecting it as a brutal occupation and violation of international law and the disengagement agreement concluded between Syria and the Zionist entity in 1974, and demanding the withdrawal of the Zionist forces, and condemning the Zionist raids on other areas and facilities in Syria, and stressing that the Golan Heights is an occupied Arab Syrian land whose occupation must end, and demanding the Security Council to take the necessary measures to stop these violations.
14. The security and stability of Syria is a pillar of security and stability in the region, and we will stand with its brotherly people in the process of rebuilding it as a unified, independent, stable and safe Arab state for all its citizens, in which there is no place for terrorism or extremism and no violation of its sovereignty or aggression on the unity of its territories from any party.
15. Dealing with the new reality in Syria will be based on the extent of its consistency with the principles and foundations above, and in a manner that ensures achieving the common goal of meeting the rights and aspirations of the Syrian people.
16. Co-ordinating with the rest of the Arab countries to hold a meeting of the League Council to submit the committee’s report on this meeting to it.
17. Communicating with partners in the international community to formulate a comprehensive position that supports Syria in its efforts to build the future that the brotherly Syrian people deserve, in a manner consistent with the principles agreed upon above, and in accordance with the relevant Security Council resolutions.
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Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
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Offices: UAE, Vietnam and Germany
Founded: September, 2020
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Biography
Favourite Meal: Chicken Caesar salad
Hobbies: Travelling, going to the gym
Inspiration: Father, who was a captain in the UAE army
Favourite read: Rich Dad Poor Dad by Robert Kiyosaki and Sharon Lechter
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Dos
- Wear the right fabric for the right season and occasion
- Always ask for the dress code if you don’t know
- Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work
- Wear 100 per cent cotton under the kandura as most fabrics are polyester
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16 Indoor cricket matches are 16 overs per side
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9 There have been nine Indoor Cricket World Cups for men. Australia have won every one.
5 Five runs are deducted from the score when a wickets falls
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Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.
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D Back net: 4 runs on the bounce, 6 runs on the full
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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.”
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The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5
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THE BIO
Favourite place to go to in the UAE: The desert sand dunes, just after some rain
Who inspires you: Anybody with new and smart ideas, challenging questions, an open mind and a positive attitude
Where would you like to retire: Most probably in my home country, Hungary, but with frequent returns to the UAE
Favorite book: A book by Transilvanian author, Albert Wass, entitled ‘Sword and Reap’ (Kard es Kasza) - not really known internationally
Favourite subjects in school: Mathematics and science
The specs
Engine: 1.5-litre 4-cylinder petrol
Power: 154bhp
Torque: 250Nm
Transmission: 7-speed automatic with 8-speed sports option
Price: From Dh79,600
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