Amanda Knox, the jailed murder suspect, left, sits next to an interpreter in the court room.
Amanda Knox, the jailed murder suspect, left, sits next to an interpreter in the court room.

Knox denies any 'wrongdoing' in murder trial



PERUGIA, ITALY // An American student accused of murdering her British roommate took the witness box for the first time Friday, telling the court she was beaten by police and confused when she was questioned in the days after the killing. Amanda Knox also repeated her position that she spent the night of the murder, in November 2007, at the house of her co-defendant and ex-boyfriend Raffaele Sollecito in Perugia, central Italy. "The declarations were taken against my will, so everything that I said was said in confusion and under pressure," Ms Knox said. "They called me a stupid liar; said I was trying to protect someone. I was not trying to protect anyone," she said. "I didn't know what to respond. They said I left Raffaele's home, which I denied, but they continued to call me `stupid liar'." Police had repeatedly denied any misconduct during the night of the interrogation, or at any other point. Ms Knox has claimed in the past that she was beaten. She spoke in English, occasionally pausing to take a breath, her voice shaky at times. Prosecutors contend that Ms Knox, an exchange student from Seattle, and Mr Sollecito murdered 21-year-old Meredith Kercher during what began as a sex game. They deny wrongdoing. Mr Sollecito has said he was at his own apartment, working at his computer. He said he does not remember if Ms Knox spent the whole night with him or just part of it. Ms Kercher was found on Nov 2 2007, in a pool of blood in the apartment she shared with Ms Knox. Ms Knox smiled as she walked into the court before her testimony. She was dressed in a white shirt and white trousers and had her hair pulled into a ponytail. She was called as a witness in her own defence and in a civil case brought by a man she earlier accused of the killing. Ms Knox has said she was not at her house the night of the murder. But in an earlier statement to police she accused Diya "Patrick" Lumumba, a Congolese man who has a pub in Perugia, of being the murderer. Mr Lumumba was jailed briefly in the case, but he is no longer a suspect and is seeking defamation damages from Ms Knox. Ms Knox was being questioned by Mr Lumumba's lawyer. She said that everyone was "yelling at me" and "saying they'd put me in prison for trying to protect someone." At one point, Mr Lumumba's lawyer asked whether police had beaten her so that she would say that Ms Kercher had been raped before dying. Ms Knox replied, "Yes." Ms Knox and Mr Sollecito have been jailed since shortly after Ms Kercher's death. They could face Italy's stiffest punishment, life imprisonment, if convicted of murder. The trial began in January and a verdict is expected after a summer break. A third suspect in the case, Ivory Coast national Rudy Hermann Guede, was found guilty of murder and sexual violence and was sentenced to 30 years in prison. He was given a fast-track trial at his request, and his appeal is set to start in November. He, too, denies wrongdoing. *AP

*AP

SPECS
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%201.5-litre%204-cylinder%3Cbr%3E%3Cstrong%3EPower%3A%3C%2Fstrong%3E%20101hp%3Cbr%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20135Nm%3Cbr%3E%3Cstrong%3ETransmission%3C%2Fstrong%3E%3A%20Six-speed%20auto%3Cbr%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20From%20Dh79%2C900%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20Now%3C%2Fp%3E%0A
if you go
UAE currency: the story behind the money in your pockets
The specs

  Engine: 2-litre or 3-litre 4Motion all-wheel-drive Power: 250Nm (2-litre); 340 (3-litre) Torque: 450Nm Transmission: 8-speed automatic Starting price: From Dh212,000 On sale: Now

UAE currency: the story behind the money in your pockets

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.”

Know your camel milk:
Flavour: Similar to goat’s milk, although less pungent. Vaguely sweet with a subtle, salty aftertaste.
Texture: Smooth and creamy, with a slightly thinner consistency than cow’s milk.
Use it: In your morning coffee, to add flavour to homemade ice cream and milk-heavy desserts, smoothies, spiced camel-milk hot chocolate.
Goes well with: chocolate and caramel, saffron, cardamom and cloves. Also works well with honey and dates.

From Conquest to Deportation

Jeronim Perovic, Hurst

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

BUNDESLIGA FIXTURES

Friday (UAE kick-off times)

Borussia Dortmund v Paderborn (11.30pm)

Saturday 

Bayer Leverkusen v SC Freiburg (6.30pm)

Werder Bremen v Schalke (6.30pm)

Union Berlin v Borussia Monchengladbach (6.30pm)

Eintracht Frankfurt v Wolfsburg (6.30pm)

Fortuna Dusseldof v  Bayern Munich (6.30pm)

RB Leipzig v Cologne (9.30pm)

Sunday

Augsburg v Hertha Berlin (6.30pm)

Hoffenheim v Mainz (9pm)