Tom Fletcher, UN Undersecretary General for Humanitarian Affairs and Emergency Relief Coordinator, at the World Economic Forum in Davos. Markus Schreiber / AP
Tom Fletcher, UN Undersecretary General for Humanitarian Affairs and Emergency Relief Coordinator, at the World Economic Forum in Davos. Markus Schreiber / AP
Tom Fletcher, UN Undersecretary General for Humanitarian Affairs and Emergency Relief Coordinator, at the World Economic Forum in Davos. Markus Schreiber / AP
Tom Fletcher, UN Undersecretary General for Humanitarian Affairs and Emergency Relief Coordinator, at the World Economic Forum in Davos. Markus Schreiber / AP

Top UN humanitarian official urges new US administration to remain 'engaged with the world'


Mina Al-Oraibi
  • English
  • Arabic

The UN’s leading humanitarian official, Tom Fletcher, has urged US President Donald Trump to remain engaged with the world.

The UN's Undersecretary General for Humanitarian Affairs and Emergency Relief Coordinator, Ocha, told The National that “my message is simple to Donald Trump: you don't build a golden age by retreating from the world. You build it by engaging with the world”.

He called on Mr Trump not to "orphan this international system".

"The crises out there are not going to go away”, he added, listing pandemics, the climate crisis, economic crises and conflicts that need American engagement.

Mr Fletcher is attending the World Economic Forum’s annual meeting in Davos, where global leaders and chief executives have discussed the importance of continued international aid at a time when questions abound over US support for international organisations, especially after Mr Trump withdrew the country from the World Health Organisation.

Asked what America brings to the world, Mr Fletcher said: “They bring money, they bring heft, power and influence." He added: “That's the way you lead in the world, and America has done that for decades. And I think the world wants America, needs America, to continue to play that role." That American role was on display with the ceasefire brokered last week between Israel and Hamas. The US mediated the agreement alongside Qatar and Egypt.

Mr Fletcher said: “It's vital the ceasefire holds … I pay tribute to the mediators. We needed this ceasefire so badly, but most important, the people of Gaza needed this ceasefire ... it should have happened months ago."

Ocha is among the organisations working to get aid to Gazans. “For me now, the priority is we get those trucks in, hundreds of trucks of aid, 600 on day one, 900 on day two, 900 yesterday. We've got to keep that flow of aid."

In addition to humanitarian relief, providing shelter, accommodation, education and health care will be necessary for Palestinians in the enclave. Mr Fletcher’s message at Davos on Gaza was: “We've got to help them rebuild their lives, as well as their homes." Mr Fletcher also recently visited Damascus and met Syria's de facto leader Ahmad Al Shara. “I was encouraged by our conversation," Mr Fletcher said. "We spoke late into the night about his vision, his way of governing, his plans for the country."

The UN official asked Mr Al Shara to ensure his country's borders remained open to aid, telling the Syrian leader to “really give us the chance to deliver for the Syrian people”. Mr Fletcher is among the senior officials watching the Syrian interim government's actions to assess co-operation. He explained that he told Mr Al Shara: “You will judge us on whether we can do that and we'll judge you on whether you run an inclusive government and really ensure that there is a role for women and girls, especially in Syria's future”.

War and the virus
The Details

Kabir Singh

Produced by: Cinestaan Studios, T-Series

Directed by: Sandeep Reddy Vanga

Starring: Shahid Kapoor, Kiara Advani, Suresh Oberoi, Soham Majumdar, Arjun Pahwa

Rating: 2.5/5 

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.”

Updated: January 22, 2025, 6:38 PM