Rules being drawn up in Dubai to dictate the future of the internet will be technically impossible to implement, an expert from the world's authority on Web addresses has warned.
Jeff Moss, a reformed hacker once known as "The Dark Tangent"who is now vice-president and chief security officer at the US-based Internet Corporation for Assigned Names and Numbers (Icann), says proposals being agreed at the World Conference on International Telecommunications (WCIT) will be unworkable.
That is because the Dubai conference has overplayed the involvement of governments and excluded the people who actually built the internet, says Mr Moss.
"It is leaving out the people who do the internet," he said. "Over 90 per cent of the internet is owned by individuals and companies, not by governments.
"So by having governments have this conversation, it leaves out the people who built the internet, who designed the technology that runs the internet - the researchers and academics."
Icann is the official body that allocates domain names and addresses for websites all over the world. These unique identifiers create one global internet.
Concerns have been raised that the International Telecommunications Union (ITU), a UN agency and the organiser of the WCIT, and some proposals put forward by member states will try to sideline Icann.
Fadi Chehade, the chief executive of Icann, addressed the conference on Monday and suggested the two bodies could cooperate for the first time and have "complementary roles".
Yet Mr Moss was doubtful of how effective the conference would be towards reaching its key goals.
"Until everybody is included, it will be really hard to mandate a solution. You can sign a treaty, but the concern is the treaty will be technically impossible to implement because the people who know the technology were not involved," he said.
The WCIT aims to review the International Telecommunication Regulations, which were last reviewed in 1988.
Sarah Parkes, the chief of media relations and public information at ITU, disagreed with Mr Moss's claims.
"Delegates can go into the panel sessions. The media has been allowed in.
"There is a huge amount of delegates from the private sector. It is entirely up to the delegation to appoint their spokespersons," she said. "The whole meeting is extremely collaborative. This is about networks. You can't start taking political-posturing type decisions. It's a really technical event. You have to make sure that the technology works with the technology of another [country]."
Yet while delegates do have access to the sessions, only governments have the right to put forward a proposal.
"There is not a lot of inclusion of civil society. At this stage it seems to be state-to-state, but at some point it needs to be more civil-to-civil," said Mr Moss.
Mr Moss likened the ITU's proposals to the Stop Online Piracy Act bill that the US government considered last year. That proposal attracted widespread public opposition, with Google drawing 7 million signatures to prevent its enactment.
"Congress tried to pass a law that would mandate technical solutions to problems, but the technology did not work that way. Had they passed the law they would have ended up breaking things. That's why it's important we spend a lot of time educating policymakers so they don't make bad policy," said Mr Moss.
Others have accused the ITU of trying to regulate and control the internet. One of the most vocal opponents of WCIT has been Google, which began an online campaign against the conference and some of the proposals a year ago.
One of the proposals that has attracted opposition is the introduction of a fee or network tax to content providers for using telecoms networks.
Mr Moss said this approach would negate the internet's purpose of creating "a global environment where information is equally accessible".
"Every country has a sovereign right to do what it wants within its own borders, but the concern is if it's not coordinated, you'll end up in a situation where you'll have regions or Balkanisations of the internet.
"If you start adding issues about trying to collect revenue on pay per click, why would you host in a country that charges per click? It would create islands of different experience," said Mr Moss.
thamid@thenational.ae
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How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
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.”
If you go
The Flights
Emirates and Etihad fly direct to Johannesburg from Dubai and Abu Dhabi respectively. Economy return tickets cost from Dh2,650, including taxes.
The trip
Worldwide Motorhoming Holidays (worldwidemotorhomingholidays.co.uk) operates fly-drive motorhome holidays in eight destinations, including South Africa. Its 14-day Kruger and the Battlefields itinerary starts from Dh17,500, including campgrounds, excursions, unit hire and flights. Bobo Campers has a range of RVs for hire, including the 4-berth Discoverer 4 from Dh600 per day.
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
The specs
Engine: 1.5-litre 4-cylinder petrol
Power: 154bhp
Torque: 250Nm
Transmission: 7-speed automatic with 8-speed sports option
Price: From Dh79,600
On sale: Now
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
Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5
'I Want You Back'
Director:Jason Orley
Stars:Jenny Slate, Charlie Day
Rating:4/5
Meydan race card
6pm Dubai Trophy – Conditions(TB) $100,000 (Turf) 1,200m
6.35Dubai Trophy – Conditions(TB) $100,000 (Turf) 1,200m
1,800m
7.10pm Jumeirah Derby Trial – Conditions (TB) $60,000 (T)
1,800m ,400m
7.45pm Al Rashidiya – Group 2 (TB) $180,000 (T) 1,800m
8.20pm Al Fahidi Fort – Group 2 (TB) $180,000 (T) 1,400m
8.55pm Dubawi Stakes – Group 3 (TB) $150,000 (D) 1,200m
9.30pm Aliyah – Rated Conditions (TB) $80,000 (D) 2,000m
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
Squid Game season two
Director: Hwang Dong-hyuk
Stars: Lee Jung-jae, Wi Ha-joon and Lee Byung-hun
Rating: 4.5/5
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Emirates exiles
Will Wilson is not the first player to have attained high-class representative honours after first learning to play rugby on the playing fields of UAE.
Jonny Macdonald
Abu Dhabi-born and raised, the current Jebel Ali Dragons assistant coach was selected to play for Scotland at the Hong Kong Sevens in 2011.
Jordan Onojaife
Having started rugby by chance when the Jumeirah College team were short of players, he later won the World Under 20 Championship with England.
Devante Onojaife
Followed older brother Jordan into England age-group rugby, as well as the pro game at Northampton Saints, but recently switched allegiance to Scotland.