There is a certain power to the word taqseem in Arabic. It means any form of partition of a country, and has a cloud of connotations that can invite memories of colonial times and conspiracies by western-backed religious or ethnic minorities.
That is why it is interesting to observe that the idea of decentralisation is, for the first time, being pushed by Iraq's Sunnis, who are a majority in all Muslim countries except Iran and Iraq.
Interest in federalism is not new in Iraq. It has been growing almost since the prime minister, Nouri Al Maliki, assumed the position of interior minister in 2010, as his attempt to centralise power grew more pronounced. Since then, he has marginalised Sunni-majority areas, politically and economically.
What is new, however, is that federalism offers a solution to a problem that is now more urgent than ever. Decentralised governance appears to be the only way to avoid an inevitable return to the sectarian abyss, one likely to be even more deadly than the events of 2006.
Iraq's current crisis, with ominous bombings targeting both Sunni and Shia areas, is essentially caused by the stagnant political system, not by Mr Al Maliki, who has a popular base that cannot be ignored. The power-sharing system set in motion (or in stone, as it turned out) by the 2005 constitution has led to economic and political paralysis, leaving Sunni Iraqis feeling that they are disenfranchised, second-class citizens.
Sunnis feel that the state failed to protect them and that the central government is and always will be controlled by sectarian parties that oppress or marginalise them. It is only a matter of time before Sunni-majority areas explode.
In the current political order, the idea of coexistence is an illusion, plain and simple. Deep Sunni resentment of the central government is shown by the fact that extremist forces are side by side with pro-change protesters and tribal notables who once fought them alongside the central government.
To be sure, Sunnis are still deeply divided over the idea of federation. Sheikh Abdulmalek Saadi, an influential Sunni cleric and mufti, has declared any calls for federalism to be haram, or religiously prohibited. Instead, he calls for dialogue with the Maliki government to address Sunnis' legitimate demands, including anti-Baathification and antiterror laws that are seen as designed to target them.
On the other hand, this month residents of Fallujah held an unprecedented conference on the merits of federalism. The way one speaker argued for federalism underlines the psychological bias against the idea: he gave the example of five brothers in one house - as they grow up and marry and have children, their infighting becomes intolerable.
"What's the solution?" he asked. "The clear solution, which we all know, is that the brothers move out and each has his own house. That way, they will be able to bring up their children as they wish, and protect themselves and prosper."
The calls for federalism in Sunni-majority areas are increasingly wrapped in sectarian language, which can be understood in the current context of religious polarisation. If the situation persists, this can lead only to greater radicalisation of the Sunni populace - which was once predominately secular - as Sunnis find shelter in traditional tribal and religious alliances.
Federation has security and economic aspects. Would the Sunni population, whose technocrats have long been targeted by government security forces or compelled to leave the country, be able to handle security in their provincial areas? Will the power vacuum be filled by better-armed extremist forces?
These factors must be considered before any transition to a federal system. But it is clear that the persistent crisis is empowering extremists.
When Sunnis handle their own affairs in their regions, they are most likely to repudiate extremism. The marriage of convenience between tribes and jihadists would almost definitely break as Sunnis take up ownership of their own regions.
The rampant corruption of the central government, and the lack of political will, impedes progress in Sunni-majority areas. Services and investment are desperately needed. Provincial governments, which would receive their shares of the national wealth, could answer to their local constituencies and would therefore be more likely to devote themselves to good governance and development in their regions, along with security - as demonstrated by the largely autonomous Kurdish north.
And yet, even if Sunni Iraqis agreed on governing themselves, Mr Al Maliki remains ready to strike down any such proposal. However, if there were a Sunni consensus on the issue, Mr Al Maliki would have little leeway to continue to reject it. Federalism is spelt out in the 2005 constitution and the executive procedures law No. 13, 2008, a constitution that the prime minister tirelessly cites to justify his authoritarian moves.
Federalism makes economic, political and security sense for Iraq, for both Sunni-majority areas and the nation at large. In the current toxic environment, a renewed sectarian war seems all too likely. Paradoxically, federation could bring Iraqis closer to each in the long run, as they start to take ownership of their regions and then understand that they need each other for trade and security.
Only when the brothers move into separate houses do they start to value their kinship.
hhassan@thenational.ae
On Twitter: @hhassan140
Squid Game season two
Director: Hwang Dong-hyuk
Stars: Lee Jung-jae, Wi Ha-joon and Lee Byung-hun
Rating: 4.5/5
The specs
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
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: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
TRAP
Starring: Josh Hartnett, Saleka Shyamalan, Ariel Donaghue
Director: M Night Shyamalan
Rating: 3/5
Moon Music
Artist: Coldplay
Label: Parlophone/Atlantic
Number of tracks: 10
Rating: 3/5
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.”
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
More from Neighbourhood Watch:
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.
Sinopharm vaccine explained
The Sinopharm vaccine was created using techniques that have been around for decades.
“This is an inactivated vaccine. Simply what it means is that the virus is taken, cultured and inactivated," said Dr Nawal Al Kaabi, chair of the UAE's National Covid-19 Clinical Management Committee.
"What is left is a skeleton of the virus so it looks like a virus, but it is not live."
This is then injected into the body.
"The body will recognise it and form antibodies but because it is inactive, we will need more than one dose. The body will not develop immunity with one dose," she said.
"You have to be exposed more than one time to what we call the antigen."
The vaccine should offer protection for at least months, but no one knows how long beyond that.
Dr Al Kaabi said early vaccine volunteers in China were given shots last spring and still have antibodies today.
“Since it is inactivated, it will not last forever," she said.
THE SPECS
Engine: 6.75-litre twin-turbocharged V12 petrol engine
Power: 420kW
Torque: 780Nm
Transmission: 8-speed automatic
Price: From Dh1,350,000
On sale: Available for preorder now
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
The biog
Favourite book: Homegoing by Yaa Gyasi
Favourite holiday destination: Spain
Favourite film: Bohemian Rhapsody
Favourite place to visit in the UAE: The beach or Satwa
Children: Stepdaughter Tyler 27, daughter Quito 22 and son Dali 19
COMPANY%20PROFILE%20
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3EAlmouneer%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202017%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Dr%20Noha%20Khater%20and%20Rania%20Kadry%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EEgypt%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%20%3C%2Fstrong%3E120%3Cbr%3E%3Cstrong%3EInvestment%3A%20%3C%2Fstrong%3EBootstrapped%2C%20with%20support%20from%20Insead%20and%20Egyptian%20government%2C%20seed%20round%20of%20%3Cbr%3E%243.6%20million%20led%20by%20Global%20Ventures%3Cbr%3E%3C%2Fp%3E%0A
Fifa Club World Cup:
When: December 6-16
Where: Games to take place at Zayed Sports City in Abu Dhabi and Hazza bin Zayed Stadium in Al Ain
Defending champions: Real Madrid
'Shakuntala Devi'
Starring: Vidya Balan, Sanya Malhotra
Director: Anu Menon
Rating: Three out of five stars
HEADLINE HERE
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Profile box
Company name: baraka
Started: July 2020
Founders: Feras Jalbout and Kunal Taneja
Based: Dubai and Bahrain
Sector: FinTech
Initial investment: $150,000
Current staff: 12
Stage: Pre-seed capital raising of $1 million
Investors: Class 5 Global, FJ Labs, IMO Ventures, The Community Fund, VentureSouq, Fox Ventures, Dr Abdulla Elyas (private investment)
What can you do?
Document everything immediately; including dates, times, locations and witnesses
Seek professional advice from a legal expert
You can report an incident to HR or an immediate supervisor
You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline
In criminal cases, you can contact the police for additional support
How to avoid crypto fraud
- Use unique usernames and passwords while enabling multi-factor authentication.
- Use an offline private key, a physical device that requires manual activation, whenever you access your wallet.
- Avoid suspicious social media ads promoting fraudulent schemes.
- Only invest in crypto projects that you fully understand.
- Critically assess whether a project’s promises or returns seem too good to be true.
- Only use reputable platforms that have a track record of strong regulatory compliance.
- Store funds in hardware wallets as opposed to online exchanges.