As anti-government protests intensify across Syria and Yemen, the Arab Springappears to have entered a decisive phase. After months of popular mobilisation, current developments are dominated by the military response of incumbent regimes and outside powers. A lethal mix of domestic repression and foreign intervention could exacerbate the tribal and sectarian divisions that were merely papered over by colonial settlements and the appeal to pan-Arab nationalism following independence in many nations.
There can be little doubt that the ongoing revolutions have already transformed North Africa and the wider Middle East. So far however, the popular movements have not replaced authoritarianism with democracy. Tunisia and Egypt have changed presidents, but much of the old guard remains in power and the military is clearly calling the shots. The prospect of a protracted conflict in Libya following the start of the western-led military intervention raises fears that the peaceful uprising will end in a bloody stalemate between pro and anti-Qaddafi forces. In Syria and Yemen, the political pendulum oscillates between cautious reform and brutal repression. The birth pangs of Arab democracy could hardly be more prolonged.
As cracks appear both inside the western-led anti-Qaddafi alliance and across the Muslim world, what is missing is a strategy that can respond to the popular demand for freedom, democracy and justice. With street protests spreading fast, Syria and Yemen's leadership is on the brink. Their seemingly clever tactic of combining concessions with defiance simply will not wash. Unless Damascus and Sana'a clamp down on corruption and introduce both significant political reforms and economic opportunities, the outlook looks dire. The danger is that the struggle for overthrowing the two regimes will either end in civil war or violent crackdowns on protesters.
Either way, the West is unsure about how to proceed - both in Libya and elsewhere. The Obama administration is visibly reluctant to be drawn into another open-ended war. Washington is keen for its European allies to take a lead, albeit under the umbrella of Nato's integrated command structures - a demand shared by Britain's prime minister, David Cameron.
By contrast, the French president Nicholas Sarkozy insisted on Friday that the "political coordination [of the military intervention] is with the 11-member coalition", which includes Arab partners such as Qatar and the UAE. That, in turn, would exclude Turkey on account of Ankara's refusal to participate in air strikes against pro-Qaddafi forces.
The tensions between Turkey and its Nato partners show no sign of abating. Indeed, the ambitious Turkish foreign minister Ahmed Davutoglu has called on the entire Arab world to take ownership of the revolutions - replacing decades of foreign insults and colonial humiliation with a sense of "dignity and common destiny", as he put it in his address to the sixth Al Jazeera forum in Doha earlier this month. Such a vision seeks to curtail outside influence over affairs in North Africa and the wider Middle East, where US-led military misadventures have fueled popular anti-western sentiment.
Thus, the West looks deeply divided and unable to bridge the growing gap in the strategic outlook of the US, the EU and Turkey. For now, it seems inconceivable that individual western countries or Nato would intervene militarily in Syria, Yemen or elsewhere.
Unsurprisingly however, hardcore neo-cons in the US and Europe are calling for regime change by military force in both Syria and Yemen. Far from being interested in robust and independent democracies, they brandish the spectre of state-sponsored terrorism that allegedly threatens the national security of western countries. For now, this view has little traction within US and European governments. But if the violent repression of protests continues, then the revolutions could serve as a pretext for some form of intervention.
That is why it is crucial for Turkey and the countries of the GCC to take bolder action. What is required is a closer and more robust engagement with the Syrian and Yemeni regimes. Neither the status quo nor a brutal crackdown of protesters will be viable or acceptable. Ankara and the Gulf states could pledge political and civilian assistance to Damascus if President Bashir al Assad is serious about reform. At a minimum, that would have to involve his commitment to constitutional reform, ending the draconian emergency law and a meaningful dialogue with representatives of the Sunni majority.
In Yemen, Arab troops and police could be deployed to facilitate a peaceful transition and a handover of power from the discredited President Ali Abdullah Saleh. While the threat of civil war and mass unrest remains real, it is hard to see how the country can change leaders without some outside help.
Mr Davutoglu is certainly right to suggest that the will of the people needs to be respected. After the legacy of colonialism and the Cold War, there is now "a need to reconnect societies, communities, tribes and ethnicities" beyond tribal and sectarian divisions. That requires a political vision that shifts the emphasis away from old elites towards much greater popular participation in power, higher incomes for the working class and a fairer distribution of assets across society.
The shape of nascent democracy in North Africa and the wider Middle East remains unclear. Events in Syria and Yemen in the next few weeks will have a crucial impact on the fate of the Arab Spring.
Adrian Pabst is a lecturer in politics at the University of Kent, UK, and a visiting professor at the Institut d'Etudes Politiques de Lille (Sciences Po), France
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2005 Beat Andy Roddick
2006 Beat Rafael Nadal
2007 Beat Rafael Nadal
2008 Lost to Rafael Nadal
2009 Beat Andy Roddick
2012 Beat Andy Murray
2014 Lost to Novak Djokovic
2015 Lost to Novak Djokovic
2017 Beat Marin Cilic
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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
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Favourite books: Start with Why by Simon Sinek and Good to be Great by Jim Collins
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Inspiration: Sheikh Zayed's visionary leadership taught me to embrace new challenges.
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.
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2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
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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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Nepotism is the name of the game
Salman Khan’s father, Salim Khan, is one of Bollywood’s most legendary screenwriters. Through his partnership with co-writer Javed Akhtar, Salim is credited with having paved the path for the Indian film industry’s blockbuster format in the 1970s. Something his son now rules the roost of. More importantly, the Salim-Javed duo also created the persona of the “angry young man” for Bollywood megastar Amitabh Bachchan in the 1970s, reflecting the angst of the average Indian. In choosing to be the ordinary man’s “hero” as opposed to a thespian in new Bollywood, Salman Khan remains tightly linked to his father’s oeuvre. Thanks dad.
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