King Willem-Alexander of the Netherlands, right centre, swore in Dick Schoof, left centre, and the new cabinet in The Hague. EPA
King Willem-Alexander of the Netherlands, right centre, swore in Dick Schoof, left centre, and the new cabinet in The Hague. EPA
King Willem-Alexander of the Netherlands, right centre, swore in Dick Schoof, left centre, and the new cabinet in The Hague. EPA
King Willem-Alexander of the Netherlands, right centre, swore in Dick Schoof, left centre, and the new cabinet in The Hague. EPA

Dick Schoof sworn in as Dutch PM with far-right Geert Wilders as kingmaker


Tim Stickings
  • English
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Former spy chief Dick Schoof was sworn in as Dutch Prime Minister on Tuesday, with far-right leader Geert Wilders lurking behind the throne.

Mr Schoof, 67, is the compromise choice to lead a four-party coalition that has promised the “strictest ever” immigration policy in the Netherlands.

He succeeds Mark Rutte, who is stepping down after 14 years in office and will become Nato's next secretary general in October.

King Willem-Alexander swore in Mr Schoof and his cabinet at the royal palace, 223 days after Dutch voters went to the polls.

The November election delivered a shock victory for right-wing firebrand Mr Wilders and his anti-Islam Freedom Party, which became the strongest force in parliament.

Geert Wilders, right, won the November election with his Freedom Party but had to shelve his own ambitions to be Dutch PM. EPA
Geert Wilders, right, won the November election with his Freedom Party but had to shelve his own ambitions to be Dutch PM. EPA

But coalition partners were unwilling to install Mr Wilders as prime minister despite his offer to put more radical anti-Islam policies “in the fridge”.

The talks eventually settled on Mr Schoof, the former head of the Dutch General Intelligence and Security Service, as an outside choice to lead the government.

Mr Schoof, who has no party, has said he will be “a prime minister for all Dutch citizens” and does not see himself “kowtowing to Mr Wilders”.

However, he has vowed to implement “decisively” a 26-page coalition agreement in which “getting a grip on migration” is a key focus.

The government is seeking an opt-out from EU asylum and environmental rules under the agreement called “Hope, Courage and Pride”.

Under the deal the Netherlands will “minimise the inflow of migrants” by freezing asylum decisions and pushing refugees to the back of the queue for housing.

Refugees arrive at a processing centre in Ter Apel in the Netherlands, where the new government plans a crackdown on asylum claims. Getty Images
Refugees arrive at a processing centre in Ter Apel in the Netherlands, where the new government plans a crackdown on asylum claims. Getty Images

Permanent asylum permits are to be abolished and family policies made stricter so that only children can join their immediate relatives.

Ministers will also consider moving the Dutch embassy in Israel to Jerusalem, according to the deal between the Freedom Party, Mr Rutte's liberal VVD, farmers' movement BBB and anti-corruption party NSC.

The coalition wants a new international tribunal to look into crimes by ISIS and says democracy is being “threatened by Islamic terrorism”.

However, Mr Wilders has had to back down on his support for a “Nexit” from the EU, with the government saying it will remain a “constructive partner” in the bloc.

The agreement says “firm action will be taken” against anyone guilty of anti-Muslim hatred, anti-Semitism or racism.

Dick Schoof, left, is a former spy chief who was involved in the MH17 plane crash investigation. AP
Dick Schoof, left, is a former spy chief who was involved in the MH17 plane crash investigation. AP

Mr Wilders, who last week fired off a fresh anti-Islam tirade on social media, is not joining the cabinet himself but his shadow will loom large over the new government.

But the 15-person cabinet includes several picks of Mr Wilders, who were sworn in as the first Freedom Party ministers in its 18-year history.

They include several who in the past have claimed that the government was actively working on replacing the Dutch population with immigrants.

Mr Schoof has been described as a “loyal and dedicated civil servant” by opposition leader Frans Timmermans, whose Labour Party came second to Mr Wilders at the election.

In his law enforcement career Mr Schoof was involved in the MH17 plane crash investigation that found a Russian-made missile was responsible for killing all 298 people on board. More than half of them were Dutch.

THE BIO

Favourite book: ‘Purpose Driven Life’ by Rick Warren

Favourite travel destination: Switzerland

Hobbies: Travelling and following motivational speeches and speakers

Favourite place in UAE: Dubai Museum

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.

WOMAN AND CHILD

Director: Saeed Roustaee

Starring: Parinaz Izadyar, Payman Maadi

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.”

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Results

6.30pm: The Madjani Stakes (PA) Group 3 Dh175,000 (Dirt) 1,900m

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7.05pm: Maiden (TB) Dh165,000 (D) 1,400m

Winner: Down On Da Bayou, Royston Ffrench, Salem bin Ghadayer.

7.40pm: Maiden (TB) Dh165,000 (D) 1,600m

Winner: Dubai Avenue, Fernando Jara, Ali Rashid Al Raihe.

8.15pm: Handicap (TB) Dh190,000 (D) 1,200m

Winner: My Catch, Pat Dobbs, Doug Watson.

8.50pm: Dubai Creek Mile (TB) Listed Dh265,000 (D) 1,600m

Winner: Secret Ambition, Tadhg O’Shea, Satish Seemar.

9.25pm: Handicap (TB) Dh190,000 (D) 1,600m

Winner: Golden Goal, Pat Dobbs, Doug Watson.

UAE squad

Ali Kashief, Salem Rashid, Khalifa Al Hammadi, Khalfan Mubarak, Ali Mabkhout, Omar Abdelrahman, Mohammed Al Attas (Al Jazira), Mohmmed Al Shamsi, Hamdan Al Kamali, Mohammad Barghash, Khalil Al Hammadi (Al Wahda), Khalid Eisa, Mohammed Shakir, Ahmed Barman, Bandar Al Ahbabi (Al Ain), Adel Al Hosani, Al Hassan Saleh, Majid Suroor (Sharjah), Waleed Abbas, Ismail Al Hammadi, Ahmed Khalil (Shabab Al Ahli Dubai) Habib Fardan, Tariq Ahmed, Mohammed Al Akbari (Al Nasr), Ali Saleh, Ali Salmeen (Al Wasl), Hassan Al Mahrami (Baniyas)

The specs
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About Housecall

Date started: July 2020

Founders: Omar and Humaid Alzaabi

Based: Abu Dhabi

Sector: HealthTech

# of staff: 10

Funding to date: Self-funded

What is safeguarding?

“Safeguarding, not just in sport, but in all walks of life, is making sure that policies are put in place that make sure your child is safe; when they attend a football club, a tennis club, that there are welfare officers at clubs who are qualified to a standard to make sure your child is safe in that environment,” Derek Bell explains.

Updated: July 02, 2024, 10:52 AM