Austria goes to the polls in a general election on Sunday, with the anti-immigrant Freedom Party pushing for victory on a pledge to usher in "five good years" and punish the establishment for a series of crises.
Chancellor Karl Nehammer is seeking re-election after taking control of a conservative-green coalition in 2021, when charismatic former leader Sebastian Kurz was toppled by a corruption scandal. Mr Nehammer's main rival is the Freedom Party's Herbert Kickl, whose slogans include "remigration" – the forced return of non-ethnically European immigrants – and a ban on "political Islam".
The Freedom Party has accused Mr Nehammer of presiding over "chaos and decline" during the Covid-19 pandemic and years of inflation, war and insecurity. The Russia-friendly party, which fiercely opposed Covid-19 lockdowns, says Austria has sacrificed its neutrality and independence to the EU and World Health Organisation.
Mr Nehammer, who has responded by calling Mr Kickl a conspiracy theorist, has narrowed the Freedom Party's poll lead in the final weeks of the campaign. The race received a jolt amid severe flooding in central Europe and a terrorist threat at a Taylor Swift concert in Vienna, with a teenage ISIS supporter accused of plotting an attack.
The two politicians could end up working together unless the centre-left Social Democrats, currently polling in third, can stick their foot in the door. Unlike in Germany, working with the far right is not consider taboo, which means the Freedom Party could follow similar parties in Sweden, Italy and the Netherlands into Europe's corridors of power.
The populist: Herbert Kickl
Herbert Kickl wants to be known as the "people's chancellor". The bearded face of the 55-year-old triathlon enthusiast has been front and centre in the Freedom Party's campaign, as he urges voters to "listen to your gut feeling" and give the ruling parties a bloody nose.
The party says the problems faced by Austria in recent years – the pandemic, the war in Ukraine and the resulting gas shortages and refugee crisis, record high asylum claims and flashes of extremist violence – can be laid at the door of an establishment "uni-party".
Pledges to curb migration include suspending the right to asylum, turning people away at Austria's borders and setting up migrant processing centres on "other continents", where relatives would have DNA tests to prove their connection.
Emphasising a "hyperbolic portrayal of migrants as being lots of young, dark-skinned men who are potentially either criminal or terrorist" is one of the party's main themes, Daniela Pisoiu, an extremism expert at the Austrian Institute for International Affairs, told The National.
"But it’s not the only topic. It might not even be the most important topic for the people who choose them, because what they also talk about are things people probably care more about, such as financial stability," she added. "There is also the topic of the war in Ukraine and, of course, Covid. They have invested a lot of work into portraying these crises as catastrophes and arguing how incapable the establishment has been and how they are going to be the saviours of the people."
Critics say Mr Kickl shares the blame for Austria's failures. As interior minister from 2017 to 2019, he ordered raids on Austria's intelligence service, leaving its agents isolated from allies. When a CIA tip-off foiled the Taylor Swift plot, his successor said he dreaded to think what would have happened on Mr Kickl's watch.
The Freedom Party's spell in power ended in disgrace amid a Russian corruption scandal exposed by footage filmed secretly in Ibiza. Today it says Austria should buy gas from Russia and stop paying into an EU weapons fund for Ukraine.
The party's fixation with Covid-19 has dragged it into fringe territory as it rails against the WHO and a new pandemic treaty. Rivals also warn of echoes of the Nazis in its rhetoric. A 2010 quote from Mr Kickl defending the Waffen-SS, the paramilitary group at the heart of the Holocaust, has resurfaced during the campaign.
The incumbent: Karl Nehammer
While Mr Kickl is Austria's closest equivalent to Republican candidate and former US president Donald Trump, Karl Nehammer is hardly a liberal analogue to Democratic candidate Kamala Harris. As a conservative interior minister, he also took a hard line on immigration, calling for Afghan refugees to be housed in deportation centres after the fall of Kabul, rather than allow them to be resettled in Europe.
An AI experiment run by a newspaper compared the Austrian parties' manifestos and found Mr Nehammer's People's Party and Mr Kickl's Freedom Party were the best match for a potential coalition, based on policy similarities.
But in the personal contest, Mr Nehammer, 51, has cast himself as a steady pair of hands, compared with Mr Kickl. The floods gave him a chance to play crisis manager and the crisis has allowed him to narrow the Freedom Party's lead in the polls.
After the Taylor Swift concert plot, he announced a counter-terrorism drive and demanded new powers for Austria's intelligence agencies to monitor online messenger apps. He said this would be a red line in any coalition talks after the election.
On migration, Mr Nehammer says Austria's toughened policies are working and has referred to a 97 per cent cut in illegal entries from Hungary. He says he will not let migration and integration be the sole domain of those who "sow hatred and spread extreme-right ideology".
The Freedom Party dismisses the image of competence. Voters have "suffered enough under the yoke of the People's Party's catastrophic policies" and have the chance to choose "five good years" under Mr Kickl, its general secretary Christian Hafenecker said.
The outsiders
Polls once had the centre-left Social Democrats as the Freedom Party's main challengers, but their candidate Andreas Babler has slipped into third. Urging voters to block a right-wing coalition, Mr Babler held up a list of Freedom Party criminal convictions in a TV debate, including corruption and Holocaust denial.
Social Democrats say the party will improve Austria's integration and deradicalisation policies without allowing a "blanket suspicion" of the country's Muslims to take hold. It promises to control energy and housing costs and maintain an "active neutrality" by promoting peace talks in Ukraine and the Middle East.
The Social Democrats could end up as part of a coalition with Mr Nehammer's party, potentially including liberal party Neos. But an agreement between the left and the Freedom Party cannot be ruled out entirely, despite their obvious differences. The governing Greens have dropped to fifth in the polls.
Minor parties include a pro-Palestine Gaza List that hopes to win a seat in Vienna, but it may fail to obtain the 4 per cent necessary to qualify for wider representation. Lead candidate Irina Vana told The National the campaign means "we can publicly put up our signs and nobody can tell us to take them away".
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
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The essentials
What: Emirates Airline Festival of Literature
When: Friday until March 9
Where: All main sessions are held in the InterContinental Dubai Festival City
Price: Sessions range from free entry to Dh125 tickets, with the exception of special events.
Hot Tip: If waiting for your book to be signed looks like it will be timeconsuming, ask the festival’s bookstore if they have pre-signed copies of the book you’re looking for. They should have a bunch from some of the festival’s biggest guest authors.
Information: www.emirateslitfest.com
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
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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Stormy seas
Weather warnings show that Storm Eunice is soon to make landfall. The videographer and I are scrambling to return to the other side of the Channel before it does. As we race to the port of Calais, I see miles of wire fencing topped with barbed wire all around it, a silent ‘Keep Out’ sign for those who, unlike us, aren’t lucky enough to have the right to move freely and safely across borders.
We set sail on a giant ferry whose length dwarfs the dinghies migrants use by nearly a 100 times. Despite the windy rain lashing at the portholes, we arrive safely in Dover; grateful but acutely aware of the miserable conditions the people we’ve left behind are in and of the privilege of choice.
WandaVision
Starring: Elizabeth Olsen, Paul Bettany
Directed by: Matt Shakman
Rating: Four stars
Our legal consultants
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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Our legal consultants
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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