A protester is escorted by French gendarmes in Paris as they break up a pro-Gaza sit-in. AFP
A protester is escorted by French gendarmes in Paris as they break up a pro-Gaza sit-in. AFP
A protester is escorted by French gendarmes in Paris as they break up a pro-Gaza sit-in. AFP
A protester is escorted by French gendarmes in Paris as they break up a pro-Gaza sit-in. AFP

EU leaders must address alienation of Muslim voters, report warns


Sunniva Rose
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The recent European Parliament election and the fallout from the war in Gaza has exposed the under-representation of some groups on the continent, including non-whites and Muslims, a report has found.

Public opinion of the EU is overwhelmingly positive but leaders must address blind spots that could undermine the long-term health of democracy in the bloc, said the report published by the European Council on Foreign Relations (ECFR) and the European Cultural Foundation.

Titled Welcome to Barbieland: European sentiment in the year of wars and elections, the report advises political parties to cultivate a more ethnoculturally diverse membership and voting base, to call out xenophobia even if it means clashing with voters, and for countries to reduce minimum voting age to 16 when applicable.

The reference to the 2023 hit film Barbie stems from the main character realising that Barbieland is not the utopia she thought it was. Similarly, the report's author Pawel Zerka writes, pro-Europeans may have in the past year been shocked by the visible lack of enthusiasm for the European project harboured by some parts of the population.

The three groups examined in the report – non-whites, central and eastern Europeans, and youth – are concerned by the bloc's drift towards an “ethnic” rather than “civic” understanding of what it is to be European, it says.

The existing coalition in the European Parliament between the left-wing socialists, the centre-right European People's Party and the centrist Renew group remained in place after the election in June.

Margot Robbie as Barbie in the film of the same name. Photo: Warner Bros
Margot Robbie as Barbie in the film of the same name. Photo: Warner Bros

But it also featured the rise of far-right political parties and a broader embrace of their anti-immigration positions by traditional parties across the continent. This took place in parallel with a rise in anti-Semitic and anti-Muslim violence following the Hamas-led attacks against Israel last October. During the election campaign, political parties used anti-Muslim tropes, such as Italy's Lega featuring a veiled woman on a poster that read: “Let's change Europe before it changes us.”

“The EU’s 'whiteness' – which some observers have critiqued for some time – was on full display,” said the report. “Seeing most (though not all) European governments support Israel, many Muslims living in Europe may have felt that Europe’s solidarity was chiefly with the Jewish rather than the Palestinian victims of the war in the Middle East; and that no criticism of Israel was permitted.”

A survey of French Muslims published in December by polling firm IFOP found 58 per cent of respondents thought the French government was pro-Israel, a figure that dropped to 20 per cent for the entire French population.

Overall, the report found diversity in EU institutions remains unrepresentative. According to ECFR's assessment, no more than 20 non-white MEPs were elected this year, which is less than 3 per cent of the total and way below the 10 per cent share that racial and ethnic minorities are estimated to account for among the EU population. Reasons for this may include non-whites and Muslims being less politically active, or being excluded altogether due to laws such as Italy's strict citizenship criteria.

This lack of representation in politics comes in contrast to multicultural role models in the arts and in sport. “Cultural life often better reflects underlying changes in society; but it should also spur politicians to catch up,” the report said.

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HIV on the rise in the region

A 2019 United Nations special analysis on Aids reveals 37 per cent of new HIV infections in the Mena region are from people injecting drugs.

New HIV infections have also risen by 29 per cent in western Europe and Asia, and by 7 per cent in Latin America, but declined elsewhere.

Egypt has shown the highest increase in recorded cases of HIV since 2010, up by 196 per cent.

Access to HIV testing, treatment and care in the region is well below the global average.  

Few statistics have been published on the number of cases in the UAE, although a UNAIDS report said 1.5 per cent of the prison population has the virus.

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: September 26, 2024, 12:53 PM