Emma Watson is the latest international celebrity to support Palestine. AFP
Emma Watson is the latest international celebrity to support Palestine. AFP
Emma Watson is the latest international celebrity to support Palestine. AFP
Emma Watson is the latest international celebrity to support Palestine. AFP

Emma Watson shares post in 'solidarity' with Palestine


Farah Andrews
  • English
  • Arabic

Harry Potter actress Emma Watson has posted a message of solidarity with Palestinians on Instagram.

Reposting a graphic from the Bad Activist Collective, the image reads "Solidarity is a verb", written over a photo of demonstrators taken at a Free Palestine rally.

The post is captioned with a quote from scholar Sara Ahmed: "Solidarity does not assume that our struggles are the same struggles, or that our pain is the same pain, or that our hope is for the same future.

"Solidarity involves commitment, and work, as well as the recognition that even if we do not have the same feelings, or the same lives, or the same bodies, we do live on common ground."

Watson's Instagram is no longer directly run by her. According to her biography, it "has been taken over by an anonymous feminist collective".

The post has been criticised by Gilad Erdan, Israel's Ambassador to the United Nations.

Erdan tweeted: "Fiction may work in Harry Potter but it does not work in reality. If it did, the magic used in the wizarding world could eliminate the evils of Hamas (which oppresses women & seeks the annihilation of Israel) and the PA (which supports terror). I would be in favour of that!"

Watson is not the first international celebrity to stand for Palestine. In 2021, Palestinian-Dutch model Bella Hadid marched in the New York protest against the violence in Palestine and regularly uses her social media platform to share quotes and resources in solidarity with the Palestinian people.

In 2019, singer John Legend said: "It is a progressive point of view to speak up for the rights of Palestinians.”

In 2021, actress and activist Susan Sarandon wrote in a tweet: "Standing in solidarity with the Palestinian people who are facing ethnic cleansing and being terrorised at the hands of the Israeli government and Jewish settler organisations.

“The world is watching.”

In September, Watson was among a collection of British celebrities to call on British ministers to rescue Afghanistan's creative professionals. This also included Riz Ahmed, Benedict Cumberbatch, Sir Ian McKellen, Colin Firth, Stephen Fry, Sam Mendes and Elif Shafak.

The group wrote a letter to The Times titled, "Safe passage plea for Afghan performers", demanding that the British government open a "humanitarian corridor" to help artists, writers and filmmakers escape the country, which has been taken over by the Taliban.

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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Updated: May 11, 2023, 7:12 AM