Lubna Hussein (second from right), a former journalist and UN press officer, carries a placard that reads "know your rights" as she leaves the courtroom after her trial.
Lubna Hussein (second from right), a former journalist and UN press officer, carries a placard that reads "know your rights" as she leaves the courtroom after her trial.

Trouser-wearing woman freed



A Sudanese woman jailed for wearing trousers deemed indecent in a landmark court case was freed on Tuesday after the country's journalist union paid a court-imposed $209 fine, the head of the media body said. Lubna al Hussein was convicted on indecency charges on Monday in a case that has attracted worldwide outcry, and was ordered to pay a fine or face a month in jail, but was spared a harsher penalty of lashings. Under Sudanese law, she could have been sentenced to a maximum of 40 lashes for "indecency" under Islamic principles after being arrested with 12 other women wearing trousers in a Khartoum restaurant in July. Women in trousers are not a rare sight in Sudan but the authorities can take offence at trousers which reveal too much of a woman's shape, leading to accusations from rights groups that judgment is arbitrary. Ten of the women arrested in July on the indecent dress charge, including Christians, were subsequently summoned by the police and each given 10 lashes. Hussein could have suffered a similar punishment, but instead the journalist challenged the charge and began a publicity campaign to try to have the law changed. More than 100 supporters, mostly women in trousers, chanted slogans and waved placards saying "No to whipping!" in support of Ms Hussein as she entered the hearing, her hair covered in a traditional Sudanese scarf. At least one woman was beaten by police and about 40 were detained before police dispersed the protest amid strict security around the courtroom, a correspondent at the scene reported. Islamist counter-demonstrators cried "Allahu Akbar" (God is great) and hurled insults at Hussein sympathisers. "They arrested 48 of us. Some of us were hurt and one is bleeding," a demonstrator said after the incident, which the media were barred from filming. Yasser Arman, a senior official of the south's Sudan People's Liberation Movement, a former rebel group, said that all 48 were released later. *AFP and Reuters

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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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Tell-tale signs of burnout

- loss of confidence and appetite

- irritability and emotional outbursts

- sadness

- persistent physical ailments such as headaches, frequent infections and fatigue

- substance abuse, such as smoking or drinking more

- impaired judgement

- excessive and continuous worrying

- irregular sleep patterns

 

Tips to help overcome burnout

Acknowledge how you are feeling by listening to your warning signs. Set boundaries and learn to say ‘no’

Do activities that you want to do as well as things you have to do

Undertake at least 30 minutes of exercise per day. It releases an abundance of feel-good hormones

Find your form of relaxation and make time for it each day e.g. soothing music, reading or mindful meditation

Sleep and wake at the same time every day, even if your sleep pattern was disrupted. Without enough sleep condition such as stress, anxiety and depression can thrive.

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