More than 100 Ethiopian migrants in Yemen were repatriated this week by the International Organisation of Migration, weeks after a fire at an overcrowded detention centre in Sanaa killed at least 44.
Yemen's Houthi rebels are accused of causing the blaze on March 7 at the centre that held nearly 1,000 people, many from Ethiopia, who were trying to cross Yemen to find work in the Gulf countries.
"All the 140 migrants on the flight were Ethiopian and the passengers included four children [all boys, two of whom were babies] and nine women," Olivia Headon, IOM spokeswoman for Yemen, told The National on Wednesday.
“This flight is a vital lifeline for migrants who have been stranded for months on end in unsafe conditions,” said Antonio Vitorino, director general of IOM.
While none of those on Tuesday’s flight were at the Sanaa holding centre at the time of the fire, Ms Headon said many who were have started to arrive in Aden.
"We understand that many of those affected by the fire are starting to arrive in Aden, having been forcibly transferred from Sanaa to southern governorates," she said.
Ms Headon said the flight left Aden on Tuesday but other repatriations, carried out under the organisation's voluntary humanitarian return programme, had previously left from Sanaa and other cities.
It is the first repatriation to Ethiopia carried out since the start of the Covid-19 pandemic last year.
On Tuesday, Human Rights Watch issued a report that confirmed accounts by witnesses who spoke to The National that the fire was caused by Houthi forces guarding the detention centre.
A huge blaze engulfed a hangar-like building holding 350 of the 950 people at the centre after the rebel group fired projectiles at the building during a skirmish with detainees protesting against poor living conditions, HRW said. The IOM has not commented on the cause of the blaze.
A first projectile was launched from a roof, producing smoke. A second exploded loudly and started a fire, said HRW, which said it could not verify the projectile types. People outside the burning hangar helped break the walls and door to rescue people.
Survivors of the inferno who fled to Aden told The National that the Houthis rounded up thousands of migrants from streets in Sanaa, forcing them to either pay or join the rebel ranks on the front lines of the war.
"They forcibly detained me while I was working in a restaurant in Sanaa city," Radhwan Mohammed, a young Ethiopian migrant, told The National while taking part in a protest by the migrants in front of the UNHCR office in Aden last week.
"The Houthis told me that they would take me to the holding centre where they would take my fingerprints and let me go, but when I arrived, I found hundreds of fellow Oromo Ethiopians detained in the hangar," he said.
Mr Mohammed's account confirmed the HRW report that the Houthi soldiers fired projectiles after the detained migrants started a hunger strike protesting against the ill-treatment they faced while in Houthi detention.
The UN envoy for Yemen, Martin Griffiths, told the Security Council on Tuesday that the incident demanded an independent investigation into the cause of the fire that killed dozens of migrants and injured more than 170.
LA LIGA FIXTURES
Thursday (All UAE kick-off times)
Sevilla v Real Betis (midnight)
Friday
Granada v Real Betis (9.30pm)
Valencia v Levante (midnight)
Saturday
Espanyol v Alaves (4pm)
Celta Vigo v Villarreal (7pm)
Leganes v Real Valladolid (9.30pm)
Mallorca v Barcelona (midnight)
Sunday
Atletic Bilbao v Atletico Madrid (4pm)
Real Madrid v Eibar (9.30pm)
Real Sociedad v Osasuna (midnight)
UAE currency: the story behind the money in your pockets
The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
Sarfira
Director: Sudha Kongara Prasad
Starring: Akshay Kumar, Radhika Madan, Paresh Rawal
Rating: 2/5
The specs
Engine: four-litre V6 and 3.5-litre V6 twin-turbo
Transmission: six-speed and 10-speed
Power: 271 and 409 horsepower
Torque: 385 and 650Nm
Price: from Dh229,900 to Dh355,000
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Killing of Qassem Suleimani
ELIO
Starring: Yonas Kibreab, Zoe Saldana, Brad Garrett
Directors: Madeline Sharafian, Domee Shi, Adrian Molina
Rating: 4/5
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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.”