The plotters intended blowing up a statue outside the DragonMart trading centre, the court was told.
The plotters intended blowing up a statue outside the DragonMart trading centre, the court was told.

Uighur terrorists jailed for DragonMart bomb plot



ABU DHABI // Two Uighurs who plotted a bomb attack at DragonMart in Dubai last summer were jailed for 10 years each yesterday, to be followed by deportation. Mayma Ytiming Shalmo, 35, and Wimiyar Ging Kimili, 31, were convicted of planning an attack on the shopping mall and being members of a terrorist organisation, the East Turkestan Islamic Movement. The verdict was issued by the State Security Court, and therefore cannot be appealed against.

The two men entered the country to target Chinese interests after unrest and riots involving Uighurs and police in the Chinese province of Xinjiang, the court heard. They were arrested while obtaining materials from pharmacies to create explosives. The men intended to blow up a statue outside the trading centre. The court heard that the defendants wanted the attack to be symbolic, and was it intended to be directed against the Chinese government. They did not intend to cause any casualties, but the attack would have damaged the "national security, prestige and reputation" of the UAE.

Experts told the court that the explosives the men intended to use would have caused massive damage, with the effects felt up to 80 metres from the blast point. Dubai Police were tipped off about the two defendants by the Chinese Embassy, which had been watching them closely because of their ethnic and religious background since they arrived in the UAE on July 16 last year. The embassy sent a representative to all the hearings, and arranged translators.

Two were required for the hearings, one to translate Uighur to Mandarin and another from Mandarin to Arabic. Court documents released in January said the men first drew the attention of authorities when they made a wire transfer of Dh50,000 to China, and then moved the cash to Saudi Arabia. The money was to be used to fund the attack, the documents say, although it was not made clear what the suspects planned to purchase. Prosecutors said the men travelled several times to Saudi Arabia from the UAE while planning the attack. The men said they were travelling for religious reasons. Under UAE law, anyone convicted of terrorism-related offences is sentenced to death. The sentence can, however, be reduced. The sentence on the Uighurs was limited to 10 years because they were in the "preliminary stages" of planning an attack. Ethnic Uighurs are a Turkic group who live mainly in a semi-autonomous region of Xinjiang province in China. The East Turkestan Islamic Movement campaigns for the creation of a separate homeland for that area's largely Muslim population. The group is described by the United Nations as a terrorist organisation. DragonMart is the world's largest trading centre for Chinese goods outside mainland China, according to its website. The centre opened in December 2004 and houses nearly 4,000 shops. hhassan@thenational.ae

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The specs

AT4 Ultimate, as tested

Engine: 6.2-litre V8

Power: 420hp

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Transmission: 10-speed automatic

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The smuggler

Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple. 
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.

Khouli conviction

Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.

For sale

A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.

- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico

- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000

- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950

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Petrarch: Everywhere a Wanderer
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Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
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Star rating: 2/5

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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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