Sahil Saeed, five, who was kidnapped on March 3 while on holiday in Pakistan, with his father Raja Naqqash at the British High Commission in Islamabad yesterday.
Sahil Saeed, five, who was kidnapped on March 3 while on holiday in Pakistan, with his father Raja Naqqash at the British High Commission in Islamabad yesterday.

Father reunited with British boy kidnapped in Pakistan



LONDON // The two-week kidnap ordeal in Pakistan of a five-year-old British boy ended in his father's arms in Islamabad yesterday. Last night, Sahil Saeed and his father were returning to their home in Oldham, in north-west England, for "a big kiss and cuddles" with Akila Naqqash, the boy's mother, and his two younger sisters.

Meanwhile, in Spain, two Pakistani men and a Romanian woman appeared in court after being arrested in an apartment in Constanti, about 100km from Barcelona, where police recovered about £105,000 (Dh589,000) in cash, almost all the money Mr Saeed had paid to free his son. Two people were also arrested at Charles de Gaulle airport in Paris, where Mr Saeed had actually handed over the ransom. Unbeknown to the kidnappers' agents, their every move was being tracked by the police.

A continent away in Pakistan, authorities were continuing their search for the gang of armed robbers who, on the night of March 3-4, forced their way into the home of Sahil's grandmother in Jhelum, in the Punjab, where the boy and his father were coming to the end of a holiday with relatives. After a six-hour ordeal the gang, armed with Kalashnikovs and grenades, drove off into the night with Sahil. He was not seen again until Tuesday when, after the ransom had been paid, he was found wandering in a field in Dinga, about 20km from his grandmother's home.

Yesterday, in emotional scenes at the British High Commission in Islamabad, father and son were reunited, before heading to the airport to fly back to Britain, where Sahil's favourite meal - a jacket potato and beans - was awaiting him. "Everyone was in very good spirits and, of course, delighted about his return," said a commission spokesman. "Sahil was playing football with his father in the garden and seemed really happy."

Mr Saeed, 28, had criss-crossed continents in a bid to secure his son's safe return. Initially, he had pleaded with the kidnappers to use himself as a hostage, rather than his son. Then, four days after the kidnapping, he abruptly left Pakistan, even though local police had opposed his leaving the country. It has now emerged that his abrupt departure was prompted by a phone call from the kidnappers, telling him that they wanted £110,000 ransom handed over on a street in Paris.

Mr Saeed returned to Oldham and, with the help of relatives and by selling off jewellery and family heirlooms, got together the cash in used notes. With Interpol already alerted, he then flew to Paris and made the drop as police mounted a covert surveillance operation. Two of the people arrested in Constanti have been charged with taking the money from France to Spain by car. But no action was taken until it was confirmed that Sahil had been freed. That news came in a phone call from the kidnappers in Pakistan on Tuesday and Sahil was found at the home of a villager who had taken him in after finding him wandering near a school.

He was examined by medical staff and, apart from the fact his head had been shaved, found to be unharmed. Soon afterwards, he was reunited with his grandmother and other members of his Pakistani family. Then he was taken to Islamabad where he phoned his mother. "I was gobsmacked when I spoke to him," said Mrs Naqqash, 31. "He had been held for 13 long days but he spoke to me like nothing had happened.

"He was going on and on like any other little boy would. He kept asking how his younger sisters were, how his uncle and his auntie were. "He said: 'Mummy, are my toys safe? I am going to bring everyone presents, I am going to buy them presents for when I come home'. "I was just so happy to hear his voice, to know that was my little boy and he was safe." In Spain, Mohamed Zaeb Salem, 29, and Monica Nejunda, 33, appeared in court charged with driving to Paris to pick up the ransom money. A third, unnamed man living at the apartment, was accused of assisting them and of being an illegal immigrant. Local press reports said Mr Salem and Ms Nejunda were on bail at the time of their arrest over their alleged involvement in a fatal stabbing in Tortosa, near Tarragona, in 2008.

Serafin Castro, the Madrid police chief whose specialist force made the arrests, said the gang that took Sahil had initially planned only to rob the family and had kidnapped the boy as an afterthought. He said the ransom was handed over after a series of phone calls demanding money for the boy's release were made from Barcelona. Mobile phones from which some of the calls were made were recovered from the Constanti apartment.

"It seems to have been a textbook operation involving the police forces of several nations," said a police source in London yesterday. "The icing of the cake would be the arrest of those still at large in Pakistan but the main thing is that Sahil is back safe and sound where he belongs - with his family." @Email:dsapsted@thenational.ae

Company%20Profile
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Power: 235hp
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Transmission: Nine-speed automatic
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COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Joker: Folie a Deux

Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson

Director: Todd Phillips 

Rating: 2/5

Three ways to boost your credit score

Marwan Lutfi says the core fundamentals that drive better payment behaviour and can improve your credit score are:

1. Make sure you make your payments on time;

2. Limit the number of products you borrow on: the more loans and credit cards you have, the more it will affect your credit score;

3. Don't max out all your debts: how much you maximise those credit facilities will have an impact. If you have five credit cards and utilise 90 per cent of that credit, it will negatively affect your score.

COMPANY%20PROFILE
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Our legal advisor

Rasmi Ragy is a senior counsel at Charles Russell Speechlys, a law firm headquartered in London with offices in Europe, the Middle East and Hong Kong.

Experience: Prosecutor in Egypt with more than 40 years experience across the GCC.

Education: Ain Shams University, Egypt, in 1978.

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COMPANY PROFILE
Name: Airev
Started: September 2023
Founder: Muhammad Khalid
Based: Abu Dhabi
Sector: Generative AI
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
 
The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

Padmaavat

Director: Sanjay Leela Bhansali

Starring: Ranveer Singh, Deepika Padukone, Shahid Kapoor, Jim Sarbh

3.5/5

Virtuzone GCC Sixes

Date and venue Friday and Saturday, ICC Academy, Dubai Sports City

Time Matches start at 9am

Groups

A Blighty Ducks, Darjeeling Colts, Darjeeling Social, Dubai Wombats; B Darjeeling Veterans, Kuwait Casuals, Loose Cannons, Savannah Lions; Awali Taverners, Darjeeling, Dromedary, Darjeeling Good Eggs

Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

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
COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
 
 
 
 
 
 
 
COMPANY%20PROFILE
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The Perfect Couple

Starring: Nicole Kidman, Liev Schreiber, Jack Reynor

Creator: Jenna Lamia

Rating: 3/5

How to keep control of your emotions

If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.

Greed

Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.

Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.

Fear

The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.

Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.

Hope

While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.

Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.

Frustration

Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.

Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.

Boredom

Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.

Tip: Open an online demo account and get your thrills without risking real money.

The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
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How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

Tips to keep your car cool
  • Place a sun reflector in your windshield when not driving
  • Park in shaded or covered areas
  • Add tint to windows
  • Wrap your car to change the exterior colour
  • Pick light interiors - choose colours such as beige and cream for seats and dashboard furniture
  • Avoid leather interiors as these absorb more heat
SPECS
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Company%20profile
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The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
Power: 268bhp / 536bhp
Torque: 343Nm / 686Nm
Transmission: Single-speed automatic
Max touring range: 620km / 590km
Price: From Dh250,000 (estimated)
On sale: Later this year
RESULTS

Catchweight 82kg
Piotr Kuberski (POL) beat Ahmed Saeb (IRQ) by decision.

Women’s bantamweight
Corinne Laframboise (CAN) beat Cornelia Holm (SWE) by unanimous decision.

Welterweight
Omar Hussein (PAL) beat Vitalii Stoian (UKR) by unanimous decision.

Welterweight
Josh Togo (LEB) beat Ali Dyusenov (UZB) by unanimous decision.

Flyweight
Isaac Pimentel (BRA) beat Delfin Nawen (PHI) TKO round-3.

Catchweight 80kg​​​​​​​
Seb Eubank (GBR) beat Emad Hanbali (SYR) KO round 1.

Lightweight
Mohammad Yahya (UAE) beat Ramadan Noaman (EGY) TKO round 2.

Lightweight
Alan Omer (GER) beat Reydon Romero (PHI) submission 1.

Welterweight
Juho Valamaa (FIN) beat Ahmed Labban (LEB) by unanimous decision.

Featherweight
Elias Boudegzdame (ALG) beat Austin Arnett (USA) by unanimous decision.

Super heavyweight
Maciej Sosnowski (POL) beat Ibrahim El Sawi (EGY) by submission round 1.

The biog

Name: Maitha Qambar

Age: 24

Emirate: Abu Dhabi

Education: Master’s Degree

Favourite hobby: Reading

She says: “Everyone has a purpose in life and everyone learns from their experiences”

Uefa Champions League play-off

First leg: Wednesday, 11pm (UAE)
Ajax v Dynamo Kiev

Second leg: Tuesday, August 28, 11pm (UAE)
Dynamo Kiev v Ajax

Retirement funds heavily invested in equities at a risky time

Pension funds in growing economies in Asia, Latin America and the Middle East have a sharply higher percentage of assets parked in stocks, just at a time when trade tensions threaten to derail markets.

Retirement money managers in 14 geographies now allocate 40 per cent of their assets to equities, an 8 percentage-point climb over the past five years, according to a Mercer survey released last week that canvassed government, corporate and mandatory pension funds with almost $5 trillion in assets under management. That compares with about 25 per cent for pension funds in Europe.

The escalating trade spat between the US and China has heightened fears that stocks are ripe for a downturn. With tensions mounting and outcomes driven more by politics than economics, the S&P 500 Index will be on course for a “full-scale bear market” without Federal Reserve interest-rate cuts, Citigroup’s global macro strategy team said earlier this week.

The increased allocation to equities by growth-market pension funds has come at the expense of fixed-income investments, which declined 11 percentage points over the five years, according to the survey.

Hong Kong funds have the highest exposure to equities at 66 per cent, although that’s been relatively stable over the period. Japan’s equity allocation jumped 13 percentage points while South Korea’s increased 8 percentage points.

The money managers are also directing a higher portion of their funds to assets outside of their home countries. On average, foreign stocks now account for 49 per cent of respondents’ equity investments, 4 percentage points higher than five years ago, while foreign fixed-income exposure climbed 7 percentage points to 23 per cent. Funds in Japan, South Korea, Malaysia and Taiwan are among those seeking greater diversification in stocks and fixed income.

• Bloomberg

Company%20Profile
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