The president of Columbia University took a stand against anti-Semitism on Wednesday as she denied accusations from Republicans who see the New York campus as a hotbed of bias.
But Nemat Shafik was more guarded over whether certain phrases from some supporters of Palestinians were forms of harassment.
Ms Shafik and board of trustees members were questioned by members of the House of Representatives committee on education and the workforce about their response to claims of on-campus anti-Semitism.
She arrived on Capitol Hill four months after a similar hearing that led to the resignations of two Ivy League university presidents.
From the start, Ms Shafik took a more decisive stance than the presidents of Harvard and the University of Pennsylvania, who gave lawyer-like answers when asked whether calls for the genocide of Jews would breach school policies.
She and three other Columbia officials responded unequivocally that it would. But Ms Shafik seemed to prevaricate on specific phrases.
Representative Lisa McClain, a Republican from Michigan, asked her if phrases such as “from the river to the sea, Palestine will be free” or “long live intifada” are anti-Semitic.
“I hear them as such; some people don't,” Ms Shafik said.
Ms McClain posed the same question to David Schizer, who leads an anti-Semitism task force at Columbia.
Mr Schizer responded that such phrases are anti-Semitic.
It was a shaky moment for Ms Shafik, who otherwise avoided the type of answers that turned the previous hearing into a frenzy for Republicans, who say elite schools are havens for anti-Semitism.
“Anti-Semitism has no place on our campus and I am personally committed to doing everything I can to confront it directly,” Ms Shafik said.
“Columbia strives to be a community free of discrimination and hate in all its forms and we condemn the anti-Semitism that is so pervasive today."
Ms Shafik said the university has suspended 15 students and taken disciplinary action against several faculty members.
“We have 37,000 students and I think the numbers that we are talking about who are crossing these lines are, you know, a very, very small number,” she said.
The Columbia administrators were the latest school leaders called before Congress for questioning about protests at US university campuses related to the Israel-Gaza conflict.
University of Pennsylvania president Liz Magill resigned in December after her responses to a congressional committee and Harvard University's Claudine Gay stepped down in January.
The fallout from the conflict has been felt around the world, and is particularly intense on US university campuses, where both pro-Israel and pro-Palestinian groups say they are being victimised and silenced.
The hearing came after the University of Southern California cancelled plans this week for a May 10 graduation speech by a Muslim student over what it said were safety concerns.
Pro-Israel groups had criticised the selection of Asna Tabassum as the class valedictorian, accusing her of using “anti-Semitic and anti-Zionist" speech.
Ms Tabassum condemned the decision, which she said was the result of the university “succumbing to a campaign of hate meant to silence my voice”.
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Countdown to Zero exhibition will show how disease can be beaten
Countdown to Zero: Defeating Disease, an international multimedia exhibition created by the American Museum of National History in collaboration with The Carter Center, will open in Abu Dhabi a month before Reaching the Last Mile.
Opening on October 15 and running until November 15, the free exhibition opens at The Galleria mall on Al Maryah Island, and has already been seen at the Jimmy Carter Presidential Library and Museum in Atlanta, the American Museum of Natural History in New York, and the London School of Hygiene and Tropical Medicine.
Gulf rugby
Who’s won what so far in 2018/19
Western Clubs Champions League: Bahrain
Dubai Rugby Sevens: Dubai Hurricanes
West Asia Premiership: Bahrain
What’s left
UAE Conference
March 22, play-offs:
Dubai Hurricanes II v Al Ain Amblers, Jebel Ali Dragons II v Dubai Tigers
March 29, final
UAE Premiership
March 22, play-offs:
Dubai Exiles v Jebel Ali Dragons, Abu Dhabi Harlequins v Dubai Hurricanes
March 29, final
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.”
Scoreline
Abu Dhabi Harlequins 17
Jebel Ali Dragons 20
Harlequins Tries: Kinivilliame, Stevenson; Cons: Stevenson 2; Pen: Stevenson
Dragons Tries: Naisau, Fourie; Cons: Love 2; Pens: Love 2
COMPANY%20PROFILE
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Strait of Hormuz
Fujairah is a crucial hub for fuel storage and is just outside the Strait of Hormuz, a vital shipping route linking Middle East oil producers to markets in Asia, Europe, North America and beyond.
The strait is 33 km wide at its narrowest point, but the shipping lane is just three km wide in either direction. Almost a fifth of oil consumed across the world passes through the strait.
Iran has repeatedly threatened to close the strait, a move that would risk inviting geopolitical and economic turmoil.
Last month, Iran issued a new warning that it would block the strait, if it was prevented from using the waterway following a US decision to end exemptions from sanctions for major Iranian oil importers.
COMPANY%20PROFILE
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UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions