University students, wearing jumpsuits that symbolise rights abuse, attend a Senate committee hearing on a "truth commission".
University students, wearing jumpsuits that symbolise rights abuse, attend a Senate committee hearing on a "truth commission".

Democrats want Bush policies investigated



WASHINGTON // Congressional Democrats this week offered their strongest endorsement yet of a full-scale investigation into the legality of various Bush administration counterterrorism policies, with some suggesting that top officials could face criminal prosecution. The Senate judiciary committee on Wednesday held a hearing to discuss the possibility of establishing a so-called "truth commission", or an outside independent body that would investigate an array of controversial Bush-era policies, from warrantless wiretapping to harsh interrogation techniques that many have equated to torture. Democrats voiced their support for some sort of bipartisan panel to scrutinise what they called abuses of executive power, and to determine if any laws had been broken. Republicans remained firmly opposed to a probe that they believe would turn into a partisan witch-hunt. The hearing comes just after Barack Obama's administration released secret documents revealing legal opinions - which have been criticised by members of both parties - that served as the underpinning for many of the most contentious policies of George W Bush's "war on terror". Mr Obama, for his part, has repudiated several Bush policies since taking office, including ordering the closure of the Guantanamo Bay prison camp within a year and outlawing harsh interrogation techniques, such as waterboarding, which simulates the experience of drowning. But he has given mixed signals on his support for a formal investigation. While he has maintained that "nobody is above the law", he has also said he would rather implement his own policies and move on. This week's hearing was called by Patrick Leahy of Vermont, the committee's Democratic chairman, who said in his opening statement that "nothing did more to damage America's place in the world than the revelation that our great nation stretched the law and the balance of executive power to authorise torture". "We shouldn't be afraid to look at what we've done or to hold ourselves accountable, as we do other nations when they make mistakes," Mr Leahy said. "We can't turn the page, unless we read the page." Mr Leahy said his call for an independent, non-partisan inquiry represents the middle ground between those who do not want to investigate the past, and others, such as Nancy Pelosi, the Democratic speaker of the US House of Representatives, who said last month on a political talk show that she "absolutely" supports a full-on criminal investigation. Mr Leahy, and his fellow Democrats on the committee, including Russ Feingold of Wisconsin, did not rule out the idea of eventual prosecution in the courts. "There may be cases that require prosecution, and I would not want a commission of inquiry to preclude that. Those who clearly violate the law could be prosecuted - should be prosecuted," said Mr Feingold, noting that the panel should consider pardoning "low-level" participants, or officers who were merely carrying out orders. John Cornyn, a Republican senator from Texas, however, called a fact-finding commission a "bad idea", adding that his Democratic colleagues, who seemed so sure of its success, were essentially "asking us to believe in the tooth fairy". A witness called by Republicans to provide testimony, David Rivkin, who served in the justice department under Ronald Reagan and George HW Bush, opposed the commission on the grounds that it is unconstitutional, calling it a "dangerous idea" to launch an investigation that would be more appropriately conducted by the justice department or by Congress. "It is extremely troubling, and must be strongly resisted by all those concerned with protecting the Constitution's fabric," Mr Rivkin said. "The very decision to initiate what amounts to a criminal investigation - whether or not it is formally designated as such - is too weighty to be outsourced to commissions." Arlen Specter, the senior Republican on the committee, likened the idea of a truth commission to a "fishing expedition". But he strongly endorsed possible efforts by the justice department to look into the policies of the Bush administration, which he has criticised. "You have a department of justice, which is fully capable of doing an investigation. They are not going to pull any punches on the prior administration," Mr Specter said, adding, however, that he "would not mind looking backward if there is a reason to do so". "If there's torture - torture is a violation of our law - go after them," he said. "If there's reason to believe that these department officials knowingly gave the president cover for things they know not to be right and sound, go after them." The policies of the Bush administration were thrust back into the spotlight this week when Eric Holder, the attorney general, released nine secret legal memos that were used after the September 11 attacks to expand executive powers and authorise controversial programmes such as warrantless wiretapping and extraordinary rendition. Several of the memos were written by John Yoo, a former deputy assistant attorney general who authored the now infamous opinion known by some as the "torture memo", which the Bush administration often cited as justification for its harsh interrogations. The justice department this week announced plans to release even more secret documents from the Bush years and is also expected to release a long-awaited internal report on whether some of its attorneys - including Mr Yoo - violated professional standards in issuing their legal opinions. John Conyers, the Democratic chairman of the US House of Representatives' judiciary committee, has introduced separate legislation for a truth commission. And the Senate select intelligence committee revealed last month it was launching its own inquiry into the CIA's detention and interrogation practices. On Wednesday the Democratic senators of the judiciary committee mulled whether any future truth commission should have subpoena power or the ability to grant immunity to those who testify before it. Among the witnesses invited to the hearing by Democrats was Thomas Pickering, ambassador to the United Nations under George HW Bush, who said immunity should only be used in "very limited circumstances". Mr Pickering also said the commission should "stand above politics" and keep its proceedings public whenever possible. "We must as a country take stock of where we have been and determine what was and is not acceptable, what should not have been done, and what we will never do again," Mr Pickering said. "It is my sincere hope that this commission will confront and reject the notion, still powerful in our midst, that these policies are proper choices that could be implemented again in the future." sstanek@thenational.ae

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

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.

Results

Stage 5:

1. Jonas Vingegaard (DEN) Team Jumbo-Visma  04:19:08

2. Tadej Pogacar (SLO) UAE Team Emirates  00:00:03

3. Adam Yates (GBR) Ineos Grenadiers

4. Sergio Higuita (COL) EF Education-Nippo 00:00:05

5. Joao Almeida (POR) Deceuninck-QuickStep 00:00:06

General Classification:

1. Tadej Pogacar (SLO) UAE Team Emirates 17:09:26

2.  Adam Yates (GBR) Ineos Grenadiers 00:00:45

3. Joao Almeida (POR) Deceuninck-QuickStep 00:01:12

4. Chris Harper (AUS) Team Jumbo-Visma 00:01:54

5. Neilson Powless (USA) EF Education-Nippo 00:01:56

Film: Raid
Dir: Rajkumar Gupta
Starring: Ajay Devgn, Ileana D'cruz and Saurabh Shukla

Verdict:  Three stars 

Abandon
Sangeeta Bandyopadhyay
Translated by Arunava Sinha
Tilted Axis Press 

The smuggler

Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple. 
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.

Khouli conviction

Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.

For sale

A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.

- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico

- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000

- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950

The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

Tax authority targets shisha levy evasion

The Federal Tax Authority will track shisha imports with electronic markers to protect customers and ensure levies have been paid.

Khalid Ali Al Bustani, director of the tax authority, on Sunday said the move is to "prevent tax evasion and support the authority’s tax collection efforts".

The scheme’s first phase, which came into effect on 1st January, 2019, covers all types of imported and domestically produced and distributed cigarettes. As of May 1, importing any type of cigarettes without the digital marks will be prohibited.

He said the latest phase will see imported and locally produced shisha tobacco tracked by the final quarter of this year.

"The FTA also maintains ongoing communication with concerned companies, to help them adapt their systems to meet our requirements and coordinate between all parties involved," he said.

As with cigarettes, shisha was hit with a 100 per cent tax in October 2017, though manufacturers and cafes absorbed some of the costs to prevent prices doubling.

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 

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.”

Mane points for safe home colouring
  • Natural and grey hair takes colour differently than chemically treated hair
  • Taking hair from a dark to a light colour should involve a slow transition through warmer stages of colour
  • When choosing a colour (especially a lighter tone), allow for a natural lift of warmth
  • Most modern hair colours are technique-based, in that they require a confident hand and taught skills
  • If you decide to be brave and go for it, seek professional advice and use a semi-permanent colour
COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
England World Cup squad

Eoin Morgan (capt), Moeen Ali, Jofra Archer, Jonny Bairstow, Jos Buttler (wkt), Tom Curran, Liam Dawson, Liam Plunkett, Adil Rashid, Joe Root, Jason Roy, Ben Stokes, James Vince, Chris Woakes, Mark Wood