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For 12 years, a Kuwaiti man with a PhD in computer networks has found himself a humanitarian volunteer. Mohammad Al Kandari visited disasters in Somalia, Niger and Tanzania, and was in Turkey in the aftermath of last year's earthquake.
Today he is a well-known figure in the region and a two-time visitor to Gaza, where he revealed to his 1.2 million Instagram followers the death, destruction and desperation of the war-torn enclave.
It is the power of social media, Mr Al Kandari believes, that has changed views towards Israel around the world, and led to a better understanding of the Palestinian cause, especially among younger generations.
“People under 25 had almost forgotten what Palestine is, because they didn’t experience anything during that time but what happened changed the world,” he told The National.
“Today, when people who have seen photos and videos and participated in protests and marches have children – they will pass on new principles to them. They will tell them what Israel did. History cannot erase what social media documented. What is shown on TV is forgotten but what's on social media is stored.”
Other influencers, including Jordanian comedian Deya El Ayyan, who has 2.1 million followers on Instagram, or Omani doctor Khalid Al Shammousi who has 70,000 followers on X, are among prominent Arabs who have gone to Gaza to highlight the crisis.
Mr Al Kandari's most recent visit was last month, when he went with the Kuwait Society for Relief and US-based NGO Rahma Worldwide. In recent months, hundreds of thousands of people in the West have taken to the streets in protest against Israel's violence.
“The world looks at Israel differently than what they saw a year ago – now they see the government as criminals,” Mr Al Kandari said.
“It took 30,000 people to be killed for that to happen – and that is the price. But it changed the world.”
For Mr Al Kandari, going to Gaza was a necessary move. He felt it important to show the world the enclave through his eyes, especially his own people.
“I couldn’t stay quiet. I tried to do what I can because I know that being in Gaza I’ll broadcast something to my people, that coming from me, a Kuwaiti, will seem closer to the Kuwaitis and people in the Gulf. It has legitimacy to them,” he said.
Mr Al Kandari said $15 million was raised during the Kuwaiti delegation's first visit to fund humanitarian efforts in Gaza.
His visits, however, have left marks – moments he can never forget for better or for worse. Living amid shelling, even for two weeks, left Mr Al Kandari with memories that haunt him.
“So many moments were unforgettable,” he said. “There would be strikes 200 metres away from where we would be staying. Just this morning in London I heard a plane overhead and it brought back memories of air strikes. It was frightening.”
People's resolve to stay on their land took Mr Al Kandari aback, he recalls. Speaking to Gazans in Egypt, who had left for medical treatment, Mr Al Kandari said many wanted to return. On his second visit, Mr Al Kandari says he met people who had gone back from abroad.
“They said they would rather be in Gaza's hell than in the heavens of the world,” he said.
During his conversations with Gazans, Mr Al Kandari recalls their sense of pride and generosity. He remembers times when visiting displaced people in their tents, they would insist on him having a cup of coffee, even if they did not have anything else to offer.
“In other places I went to, people in poverty and need would extend a hand,” he said. “In Gaza, people rarely ask for anything and if they do, they just ask once and they do so with shame.”
More than the aid that the Kuwaiti delegation brought in the form of tents, food and medical equipment, Mr Al Kandari said Gazans were happier to just be around people who crossed the border to see them.
“They were more welcoming to us – and how we were there to support them psychologically rather than the material things we brought in,” he said.
The stories he heard were also harrowing. Mr Al Kandari said the saddest images he saw were the ones of children who had lost everything, or parents who lost children.
“It is not the ones who are dead we should be sad about – because those are martyrs, may God have mercy on them,” he said. “But the ones who remain alive, the ones who have lost everything.
“It will take decades to treat this trauma.”
Mr Al Kandari hopes that the world becomes more aware of the situation in Palestine and Gaza. He says that the international community needs to do more to help Palestine.
“If they were doing enough, we wouldn't be in this situation,” he said.
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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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Founded: 2018
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Sector: Startups
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Where to apply
Applicants should send their completed applications - CV, covering letter, sample(s) of your work, letter of recommendation - to Nick March, Assistant Editor in Chief at The National and UAE programme administrator for the Rosalynn Carter Fellowships for Mental Health Journalism, by 5pm on April 30, 2020.
Please send applications to nmarch@thenational.ae and please mark the subject line as “Rosalynn Carter Fellowship for Mental Health Journalism (UAE programme application)”.
The local advisory board will consider all applications and will interview a short list of candidates in Abu Dhabi in June 2020. Successful candidates will be informed before July 30, 2020.
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Sector/About: Entrupy is a hardware-enabled SaaS company whose mission is to protect businesses, borders and consumers from transactions involving counterfeit goods.
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