The family of Australian journalist Peter Greste pose with a picture of him during a press conference in Brisbane, Australia on February 2, 2015. Dan Peled/EPA
The family of Australian journalist Peter Greste pose with a picture of him during a press conference in Brisbane, Australia on February 2, 2015. Dan Peled/EPA

Al Jazeera journalist says his release is a “massive step” for Egypt



NICOSIA // Australian journalist Peter Greste has described his release from a Cairo prison as a big step forward for Egypt and expressed hopes that two of his colleagues at Al Jazeera will also be freed.

In an interview with Al Jazeera, Mr Greste also said it was a great relief to be freed but that he felt “incredible angst” about leaving his fellow journalists behind.

“This is a massive step forward ... I just hope that Egypt keeps going down that path with the others,” said Mr Greste in his first public remarks since being freed on Sunday after 400 days in jail.

Upon his release, Mr Greste immediately flew with his brother Michael to Cyprus, where he has been resting before returning to Australia.

The 49-year-old had been sentenced to seven years in jail on charges that included aiding a terrorist group – a reference to the blacklisted Muslim Brotherhood.

Mr Greste’s Al Jazeera colleagues Canadian-Egyptian Mohamed Fahmy and Egyptian Baher Mohamed both remain in prison. They were jailed for between seven and 10 years on similar charges.

Speaking to the news channel, Mr Greste said he felt a “real mix of emotions” upon hearing that he was to be released because it meant leaving behind Mr Fahmy and Mr Mohamed.

“This (release) has been like a rebirth,” he said.

But added: “Amidst all this relief, I still feel a sense of concern and worry. If it’s appropriate for me to be free, it’s right for all of them to be freed.”

Egypt's Interior Ministry said on its Facebook page that President Abdel Fattah El Sisi released Mr Greste under a decree issued in November authorising him to approve the deportation of foreign prisoners.

When asked what he would most like to do now, Mr Greste said: “Watching a few sunsets. I haven’t seen one of those at all for a very long time, watching the stars, feeling the sand under my toes. The little things.”

“You realise it is those little beautiful moments of life that are really precious, and spending time with my family of course. That’s what’s important, not the big issues,” he added.

* Agence France-Presse and Reuters

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1. Fasting

2. Prayer

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UAE v Gibraltar

What: International friendly

When: 7pm kick off

Where: Rugby Park, Dubai Sports City

Admission: Free

Online: The match will be broadcast live on Dubai Exiles’ Facebook page

UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)

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MATCH INFO

Inter Milan v Juventus
Saturday, 10.45pm (UAE)
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Tuesday's fixtures
Group A
Kyrgyzstan v Qatar, 5.45pm
Iran v Uzbekistan, 8pm
N Korea v UAE, 10.15pm
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The nursery team works exclusively with organic fertilisers and pesticides

All shrubs and trees supplied by Dubai Municipality

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Plants and trees are re-potted when they arrive at nursery to give them room to grow

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Green waste is recycled as compost

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Construction workforce peaked at 40,000 workers

About 65,000 people have signed up to volunteer

Main themes of expo is  ‘Connecting Minds, Creating the Future’ and three subthemes of opportunity, mobility and sustainability.

Expo 2020 Dubai to open in October 2020 and run for six months

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Favourite film:

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Personal motto:

Declan: Take chances.

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UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

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.”