Arrests made in human trafficking ring



Police have arrested 11 people in Dubai over a human trafficking ring that saw a girl as young as 16 forced into prostitution. An Arab man and his partner were charged with trafficking, running a brothel and forcing women into prostitution through violence and intimidation. Another nine women were charged with working in their brothel, while two underage girls were taken in by police but not charged. They are now being cared for as victims of trafficking. An official with the Department of Naturalisation and Residency is also being investigated by the Ministry of Interior over claims he forged the women's visas, often describing them as relatives to the Arab man, and turning a blind eye to violations. The DNRD official's case has been referred to the Ministry of Interior in Abu Dhabi as it violated "national security" and constituted an unprecedented dereliction of duty, according to Amar al Danhani, the public prosecutor. "The Public Prosecution will do its utmost to combat and fight human trafficking," said Mr al Danhani. "We brought them to the court on charges of trafficking in human beings in a reference to the fact that the Public Prosecution will punish the perpetrators and apply the full force of the law strongly on them and focus on the victims of these crimes." The DNRD official is believed to have accepted bribes from the Arab man and forged legal documents. "In the case of the 16-year-old, the man had her on a visa as his daughter and reported her as an absconder with the DNRD," said Mr al Danhani. The case was referred to the Public Prosecution following an investigation by senior DNRD officials that noticed irregularities visa violations in the folder of the Arab man. The public prosecution issued an arrest warrant and police raided the residence which was being used by the Arab man as a brothel. "The two underage girls where released and are now being cared for as they were considered trafficked, the Arab man and partner are on charges of human trafficking and the others are on charge of prostitution because they were not under age," said Mr al Danhani. The news of the arrests comes on the day the full second annual report by the National Committee to Combat Human Trafficking (NCCHT) was released, detailing efforts taken over the past year against the illegal trade. It claimed significant progress was made last year in the fight against human trafficking, but "much more needs to be done", according to a new Government report on efforts to combat the crime. shafez@thenational.ae zconstantine@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.”

Points tally

1. Australia 52; 2. New Zealand 44; 3. South Africa 36; 4. Sri Lanka 35; 5. UAE 27; 6. India 27; 7. England 26; 8. Singapore 8; 9. Malaysia 3

The rules on fostering in the UAE

A foster couple or family must:

  • be Muslim, Emirati and be residing in the UAE
  • not be younger than 25 years old
  • not have been convicted of offences or crimes involving moral turpitude
  • be free of infectious diseases or psychological and mental disorders
  • have the ability to support its members and the foster child financially
  • undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
  • A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially
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Australia: Aaron Finch (c), Mitchell Marsh, Alex Carey, Ashton Agar, Nathan Coulter-Nile, Chris Lynn, Nathan Lyon, Glenn Maxwell, Ben McDermott, D’Arcy Short, Billy Stanlake, Mitchell Starc, Andrew Tye, Adam Zampa.

Pakistan: Sarfraz Ahmed (c), Fakhar Zaman, Mohammad Hafeez, Sahibzada Farhan, Babar Azam, Shoaib Malik, Asif Ali, Hussain Talat, Shadab Khan, Shaheen Shah Afridi, Usman Khan Shinwari, Hassan Ali, Imad Wasim, Waqas Maqsood, Faheem Ashraf.