Man jailed for kidnapping and trying to rape teenager in Dubai has sentence appeal rejected



A man who was locked up for three years after kidnapping a teenage student before stripping him naked and attempting to rape him has had his appeal against his sentence dismissed.

The jobless offender, 25, befriended the victim, 19, only to subject him to a horrendous ordeal alongside a gang of other men, who have yet to be caught.

The Emirati defendant had denied charges of kidnap, attempted rape, sex assault, physical assault and theft at court last year but was convicted and handed a three-year jail term.

The incident took place on April 24 of last year.

"I met him near a gaming centre in Abu Hail and we chatted then his friends arrived and suggested a short drive," said the student, who was then taken to a deserted area in Al Warqa and assaulted by the defendant and his friends, breaking his nose in the process.

He said they wanted to take turns raping him and they ripped off his clothes, then took pictures of him naked before letting him go.

"I was driven home by a mutual friend who asked me not to call police but when I got home, my father saw the bruises and blood on my face and he insisted on questioning me and the friend separately then, when he knew, he called police," said the student.

The teenager’s car was also stolen by the defendant but it was later located in Ajman.

The student’s father, a 48-year-old officer at the Ministry of Interior, told prosecutors that his son was in very bad shape when he returned home on the day of the incident.

When the defendant was arrested, police found two pictures of the victim on his phone.

Dubai Criminal Court sentenced him to three years but he appealed seeking a reduced sentence.

His plea was rejected as the sentence was upheld in appeals court, which ordered the confiscation of the man’s mobile phone.

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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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