UAE death sentence torture dad took 'discipline a bit far' says lawyer



DUBAI // A father who tortured and killed his eight-year-old daughter today blamed her injuries on his former wife.

Emirati H?S, 29, is appealing against his death sentence for Wadeema's death, and for torturing her sister, Mira, 7.

His girlfriend is fighting a life prison term.

"The medical report of Mira's condition ... said the burns on her body were all old expect for three burns," the father told the Appeals Court. "That is because all the burns except three were caused by her mother, who has been trying to get back at me.

"The other three, I admit I caused, but only in an attempt to discipline my girls."

The father claimed his former wife told their daughters he had no feelings for them, which explained a mental-health report concluding Mira felt unloved.

He also repeated claims his former wife had arranged for a spell to be cast on him, but that it had affected Wadeema instead.

"I know you didn't believe it when Mira said her sister was possessed by a djinn and sometimes spoke with the voice of a man but it's true," he said.

"Her mother ... often arranged for spells to be cast."

His lawyer, Hamady Al Sheewi, said the father had not meant to kill Wadeema, "he just wanted to discipline his girls, but he took it a bit far".

His trial at the Criminal Court heard the father and his girlfriend burnt the girls with irons and cigarettes and poured boiling water on them. They beat them with sticks, wires and bars, and shot them with a stun gun.

Wadeema died from her injuries May last year and was buried in the desert in Sharjah.

A verdict is expected on June 9.

salamir@thenational.ae

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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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