Jail sentence increased for woman who stabbed boyfriend to death then fell asleep on him



DUBAI // A woman sentenced to 10 years in jail for stabbing her boyfriend to death then lying on his chest and falling asleep has had her sentence increased.

Dubai Court of Appeal on Sunday sentenced the Kazakh to 15 years in jail.

On August 16, 2014, the 33-year-old saw her Palestinian boyfriend asleep in the bedroom of their Al Qusais apartment and she tried to wake him up to talk to him, without luck.

“She then sat on him and stabbed him. He woke up and tried to defend himself, but she stabbed him two additional times.

“She slept with her head on his chest, before she called the police when she woke up,” testified a police officer.

She told officers that she had bought her boyfriend two cars and that he had taken money from her then was going to leave her.

“She was crying and hysterical. She told me that she was constantly fighting with him because he had relationships with other women and that he promised to marry her, but kept breaking his promise,” said another Emirati police officer.

The victim’s Syrian friend, 40, had dinner with the deceased in the Garhoud area on the night of the incident.

“He kept receiving phone calls during our dinner. He told me that he wanted to break up with his girlfriend because he felt uncomfortable and bored in the relationship.”

The Syrian told prosecutors that the victim often complained to him about his girlfriend for being super jealous. “He told me that she would make him problems for just saying hello to a female friend and that she kept insisting that they try to have kids together,” said the friend.

The stabber called him at noon the next day, he said. “She was crying. She told me that she had killed him and didn’t know what to do,” said the friend adding that he also reported the incident.

The woman was drunk at the time of the murder.

At the Dubai Criminal Court in June last year, she was convicted of premeditated murder, having consensual sex with the deceased and of consuming alcohol without a licence and was sentenced to 10 years in jail.

She was ordered to pay Dh100,000 as compensation to the dead man’s family and will be deported after serving her term.

The Dubai Court of Appeal increased her prison term to 15 years and upheld the compensation and deportation orders against her.

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The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

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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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