Pep Montserrat for The National
Pep Montserrat for The National

Libya's democratic debut looks to have bucked a regional trend



The electoral ink in which nearly two million Libyan voters dipped their fingers a week ago has momentarily replaced the stain of blood in a country still riven by chaos and violence.

Just a few months ago, Nato jets bombed the killing machine of Muammar Qaddafi. Now the first elections in the country for five decades represent not only a milestone on the path of democratic transition, but also what appears to be the bucking of a regional trend.

With final results yet to be declared, it is a bloc of centrist-nationalist parties and politicians (dubbed "liberal" by outside observers) that leads the polls - and not, as was expected by most political pundits, the Islamists.

If confirmed, it will be the first victory for centrist-nationalist forces in post-Arab spring elections - a distinctive democratic signature for similar groups in neighbouring Egypt and Tunisia to study.

Yet while the outcome of the elections for the National Congress matter, Libya's future unity and political composition will be decided much more by two factors that are related to these elections: the weak performance of the Islamists, and a last-minute political deal between Tripoli and Benghazi.

Voters went to the polls on July 7 not knowing what to expect in Libya's first free national election in the aftermath of Qaddafi's downfall. The context was challenging: Libyans had no prior voting experience, and most nursed scars from Qaddafi's long rule, as well as having sustained trauma from the violence that followed his removal. The month of June alone was marred by tribal infighting that left more than 100 dead and 500 injured.

One day there were no political parties; the next more than 140 crowded the political scene. The country's first democratic test was akin to a political stampede: 2,600 candidates (including more than 600 women) competed for just 120 seats set aside for individuals. A further 80 seats were reserved for political parties.

For the Islamists, long hunted by Qaddafi's regime, this seemed a sure recipe for success. It would have been a repeat of the scenarios, in Egypt more than in Tunisia, that catapulted their counterparts into power in other countries.

In particular, the Justice and Construction Party (JCP), the political arm of Libya's Muslim Brotherhood, must be wondering what happened and how its leaders failed to appeal to voters. The JCP's unlikely rival was the National Forces Alliance (NFA), which stands for business, strong ties with the West and "moderate" Islam.

The same self-evaluation applies to Hizb Al Watan, an Islamist party formed just months ago. One of the party's key leaders, Abdel Hakim Belhaj, the former chief of the Libyan Islamic Fighting Group, will be at loss to explain how he and fellow Islamists failed to rise to the occasion in Libya's first democratic elections.

The situation of both Islamist parties is a powerful indication of how the "Islamist Arab Spring" momentum is being slowed, if not reversed.

It will be some time before proper stock can be taken of the situation. However, what is certain is that Islamists seem to be paying the price for two components of their public image: their orchestrated character assassinations of their political rivals during the campaign and, more importantly, a reputation for toting guns that brings back memories of the brutal regime's hated revolutionary committees. Libyans will not soon forget the killings that went on all over the country long after Qaddafi was killed.

In addition, the Islamists might have suffered because of their pre-emptive declaration of their intention to impose Sharia law, even before the constitution has been framed. Even if other Libyans view this preference for an Islamic political system as legitimate, the parties appear to have jumped the gun by advertising their commitment to a Sharia-based system.

The Islamist parties took advantage of a constitutional amendment that allowed for the formation of political parties on the basis of religion. Yet sustaining their militias and their quasi-military status is clearly a difficult proposition in a post-conflict society such as Libya. The country is undergoing a civilian project of democratic reconstruction, and legitimacy now can derive only from transparent, legal and non-military activity - the barrel of the gun should have nothing to do with political power.

The effect of the elections, which apparently served to unify the country, almost had the opposite effect. Were it not for a last-minute political deal, the elections might not have gone ahead. That one policy decision could have long-term consequences for Libya and keep it from breaking apart.

In the run-up to the election, the eastern province of Libya, centred around Benghazi, demanded a greater share of seats in the parliament. The region, known as Cyrenaica or locally as Barqa, was the heart of the uprising against Qaddafi. The demand for greater political representation carried a threat of further violence.

Mustafa Abdul Jalil, the head of Libya's caretaker government, under the auspices of the National Transitional Council (NTC), should be noted for a stroke of genius in resolving the crisis. Mr Abdul Jalil stripped the newly elected parliament of its constitution-framing function and gave those powers to a new 60-member body, which will be directly elected by Libyans. According to this arrangement, each of the three regions of the country, Tripolitania in the north-west, Fezzan in the south-west and Cyrenaica in the east, is allocated 20 seats in the constitutional-framing committee.

To this effect, Constitutional Amendment Number 3, which was passed on the eve of the polls, averted electoral chaos and mutiny in oil-rich Cyrenaica.

Mr Abdul Jalil, who will resign from office once the NTC is disbanded and a new government is formed, may finally have proved his worth in defusing a potentially calamitous situation.

This innovative solution may emerge as a point of distinction for Libya's democratic transition. It is certainly a page worth borrowing from the Libyan book of "democracy", most notably for Egypt, whose Constituent Assembly's future remains uncertain.

It remains to be seen which will be more indelible: the electoral stain of the ink that, for once, united "new Libya" at the polls, or the bloodshed that followed its revolution.

For now, however, Libya has passed a historic test with flying colours. A new beginning, and other tests, await this new Libya.

Dr Larbi Sadiki is a senior lecturer in Middle East Politics at the University of Exeter in the UK, and author of Arab Democratization: Elections without Democracy

FORSPOKEN
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Starfield
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The Sand Castle

Director: Matty Brown

Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

Rating: 2.5/5

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
Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
Rating: 4/5
From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

The Melbourne Mercer Global Pension Index

The Melbourne Mercer Global Pension Index

Mazen Abukhater, principal and actuary at global consultancy Mercer, Middle East, says the company’s Melbourne Mercer Global Pension Index - which benchmarks 34 pension schemes across the globe to assess their adequacy, sustainability and integrity - included Saudi Arabia for the first time this year to offer a glimpse into the region.

The index highlighted fundamental issues for all 34 countries, such as a rapid ageing population and a low growth / low interest environment putting pressure on expected returns. It also highlighted the increasing popularity around the world of defined contribution schemes.

“Average life expectancy has been increasing by about three years every 10 years. Someone born in 1947 is expected to live until 85 whereas someone born in 2007 is expected to live to 103,” Mr Abukhater told the Mena Pensions Conference.

“Are our systems equipped to handle these kind of life expectancies in the future? If so many people retire at 60, they are going to be in retirement for 43 years – so we need to adapt our retirement age to our changing life expectancy.”

Saudi Arabia came in the middle of Mercer’s ranking with a score of 58.9. The report said the country's index could be raised by improving the minimum level of support for the poorest aged individuals and increasing the labour force participation rate at older ages as life expectancies rise.

Mr Abukhater said the challenges of an ageing population, increased life expectancy and some individuals relying solely on their government for financial support in their retirement years will put the system under strain.

“To relieve that pressure, governments need to consider whether it is time to switch to a defined contribution scheme so that individuals can supplement their own future with the help of government support,” he said.

The%C2%A0specs%20
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Business Insights
  • Canada and Mexico are significant energy suppliers to the US, providing the majority of oil and natural gas imports
  • The introduction of tariffs could hinder the US's clean energy initiatives by raising input costs for materials like nickel
  • US domestic suppliers might benefit from higher prices, but overall oil consumption is expected to decrease due to elevated costs
How does ToTok work?

The calling app is available to download on Google Play and Apple App Store

To successfully install ToTok, users are asked to enter their phone number and then create a nickname.

The app then gives users the option add their existing phone contacts, allowing them to immediately contact people also using the application by video or voice call or via message.

Users can also invite other contacts to download ToTok to allow them to make contact through the app.

 

Company%20Profile
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Family reunited

Nazanin Zaghari-Ratcliffe was born and raised in Tehran and studied English literature before working as a translator in the relief effort for the Japanese International Co-operation Agency in 2003.

She moved to the International Federation of Red Cross and Red Crescent Societies before moving to the World Health Organisation as a communications officer.

She came to the UK in 2007 after securing a scholarship at London Metropolitan University to study a master's in communication management and met her future husband through mutual friends a month later.

The couple were married in August 2009 in Winchester and their daughter was born in June 2014.

She was held in her native country a year later.

COMPANY%20PROFILE
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WWE TLC results

Asuka won the SmackDown Women's title in a TLC triple threat with Becky Lynch and Charlotte Flair

Dean Ambrose won the Intercontinental title against Seth Rollins

Daniel Bryan retained the WWE World Heavyweight Championship against AJ Styles

Ronda Rousey retained the Raw Women's Championship against Nia Jax

Rey Mysterio beat Randy Orton in a chairs match

Finn Balor defeated Drew McIntyre

Natalya beat Ruby Riott in a tables match

Braun Strowman beat Baron Corbin in a TLC match

Sheamus and Cesaro retained the SmackDown Tag Titles against The Usos and New Day

R-Truth and Carmella won the Mixed Match Challenge by beating Jinder Mahal and Alicia Fox

Results:

5pm: Maiden (PA) Dh80,000 1,400m | Winner: Eghel De Pine, Pat Cosgrave (jockey), Eric Lemartinel (trainer)

5.30pm: Maiden (PA) Dh80,000 1,400m | Winner: AF Sheaar, Szczepan Mazur, Saeed Al Shamsi

6pm: Sheikh Zayed bin Sultan Al Nahyan National Day Cup (PA) Group 3 Dh500,000 1,600m | Winner: RB Torch, Fabrice Veron, Eric Lemartinel

6.30pm: Sheikh Zayed bin Sultan Al Nahyan National Day Cup (TB) Listed Dh380,000 1,600m | Winner: Forjatt, Chris Hayes, Nicholas Bachalard

7pm: Wathba Stallions Cup for Private Owners Handicap (PA) Dh 70,000 1,400m | Winner: Hawafez, Connor Beasley, Ridha ben Attia

7.30pm: Handicap (PA) Dh 80,000 1,600m | Winner: Qader, Richard Mullen, Jean de Roaulle

UAE - India ties

The UAE is India’s third-largest trade partner after the US and China

Annual bilateral trade between India and the UAE has crossed US$ 60 billion

The UAE is the fourth-largest exporter of crude oil for India

Indians comprise the largest community with 3.3 million residents in the UAE

Indian Prime Minister Narendra Modi first visited the UAE in August 2015

His visit on August 23-24 will be the third in four years

Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, visited India in February 2016

Sheikh Mohamed was the chief guest at India’s Republic Day celebrations in January 2017

Modi will visit Bahrain on August 24-25

Business Insights
  • As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses. 
  • SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income. 
  • Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
Company%20Profile
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Series info

Test series schedule 1st Test, Abu Dhabi: Sri Lanka won by 21 runs; 2nd Test, Dubai: Play starts at 2pm, Friday-Tuesday

ODI series schedule 1st ODI, Dubai: October 13; 2nd ODI, Abu Dhabi: October 16; 3rd ODI, Abu Dhabi: October 18; 4th ODI, Sharjah: October 20; 5th ODI, Sharjah: October 23

T20 series schedule 1st T20, Abu Dhabi: October 26; 2nd T20, Abu Dhabi: October 27; 3rd T20, Lahore: October 29

Tickets Available at www.q-tickets.com

Stat Fourteen Fourteen of the past 15 Test matches in the UAE have been decided on the final day. Both of the previous two Tests at Dubai International Stadium have been settled in the last session. Pakistan won with less than an hour to go against West Indies last year. Against England in 2015, there were just three balls left.

Key battle - Azhar Ali v Rangana Herath Herath may not quite be as flash as Muttiah Muralitharan, his former spin-twin who ended his career by taking his 800th wicket with his final delivery in Tests. He still has a decent sense of an ending, though. He won the Abu Dhabi match for his side with 11 wickets, the last of which was his 400th in Tests. It was not the first time he has owned Pakistan, either. A quarter of all his Test victims have been Pakistani. If Pakistan are going to avoid a first ever series defeat in the UAE, Azhar, their senior batsman, needs to stand up and show the way to blunt Herath.

Ticket prices
  • Golden circle - Dh995
  • Floor Standing - Dh495
  • Lower Bowl Platinum - Dh95
  • Lower Bowl premium - Dh795
  • Lower Bowl Plus - Dh695
  • Lower Bowl Standard- Dh595
  • Upper Bowl Premium - Dh395
  • Upper Bowl standard - Dh295

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.”

The specs

Price, base / as tested Dh12 million

Engine 8.0-litre quad-turbo, W16

Gearbox seven-speed dual clutch auto

Power 1479 @ 6,700rpm

Torque 1600Nm @ 2,000rpm 0-100kph: 2.6 seconds 0-200kph: 6.1 seconds

Top speed 420 kph (governed)

Fuel economy, combined 35.2L / 100km (est)

If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.

When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.

How to get there: Emirates currently flies from Dubai to Orlando five times a week.
Company%20profile
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Our Time Has Come
Alyssa Ayres, Oxford University Press

Company%20Profile
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The BIO

Favourite piece of music: Verdi’s Requiem. It’s awe-inspiring.

Biggest inspiration: My father, as I grew up in a house where music was constantly played on a wind-up gramophone. I had amazing music teachers in primary and secondary school who inspired me to take my music further. They encouraged me to take up music as a profession and I follow in their footsteps, encouraging others to do the same.

Favourite book: Ian McEwan’s Atonement – the ending alone knocked me for six.

Favourite holiday destination: Italy - music and opera is so much part of the life there. I love it.

TO A LAND UNKNOWN

Director: Mahdi Fleifel

Starring: Mahmoud Bakri, Aram Sabbah, Mohammad Alsurafa

Rating: 4.5/5

Libya's Gold

UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves. 

The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.

Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.

A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.

Disclaimer

Director: Alfonso Cuaron 

Stars: Cate Blanchett, Kevin Kline, Lesley Manville 

Rating: 4/5

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