'Show the injustices': Grand Imam of Al Azhar calls on Arab media to rally behind Gaza


Ali Al Shouk
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The Grand Imam of Al Azhar has called on Arab journalists to focus on the war in Gaza and establish a joint media strategy to protect the truth and Arab identity.

Dr Ahmed El Tayeb, who is also chairman of the Muslim Council of Elders, said Arab media had a role to play in showing the injustices in Gaza and how its people were being treated.

“Arab media should focus day and night on Gaza’s destruction and war and terrible violations that have been criticised by all people of the world for 19 months,” Dr El Tayeb said in keynote speech at the Arab Media Summit in Dubai on Tuesday.

“Arab media has the biggest role in disclosing and showing the injustices in Gaza and keeping the Palestinian cause at the front of nations' minds.”

He recalled tragedy of hundreds of Palestinian journalists who were either killed or injured.

“Over 200 journalists in Gaza are martyred and more are injured or have lost their homes and families. This deliberate targeting of journalists aims to silence the truth and to stop the reality of the horrific aggression in Gaza,” he said.

Dr El Tayeb said there was a change of stance on the Palestinian cause by many European countries, who were now standing up over what Gaza is facing.

He thanked Arab governments for their efforts to provide aid to Gazans.

“I also salute the free people of the world who consider what is happening as humanitarian crime that should stop immediately,” he said.

Dr El Tayeb underscored the vital role of media in addressing global challenges, promoting dialogue and supporting societal values.

“Arabs and Muslims have suffered from media damage in the West after being accused of terrorism and being unfair to women,” he said.

“We are still waiting for intensive media efforts to stand against Islamophobia.”

Dr El Tayeb said he had held discussions with the late Pope Francis and the Vatican to create a document about the ethics of artificial intelligence, to protect the interests of the public.

“The rapid development of AI should be regulated and surrounded with morality and ethical considerations, in order not to turn into a monster threatening humanity,” he said.

“The document was almost finalised and was about to announce but the Pope passed before we had finished. We are in communicant with Vatican to finish the project.”

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: May 28, 2025, 4:25 AM