Mike Waltz vows to make the UN 'great again’


Adla Massoud
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Mike Waltz, President Donald Trump’s nominee for US ambassador to the UN, pledged on Tuesday to pursue sweeping reforms at the global body and “make the UN great again”.

Appearing for a confirmation hearing before the Senate Foreign Relations Committee, Mr Waltz criticised the UN for what he described as bloated bureaucracy, anti-American bias, and a record of inefficiency in preventing conflict.

“UN revenue has quadrupled in the last 20 years, yet world peace has not increased in equal measure,” he said.

Mr Waltz said he would make it his mission to target the “waste, fraud, and abuse endemic to the UN system”.

He defended Secretary General Antonio Guterres, saying he didn't think the UN chief would have his UN80 reform initiative “already on the table if he didn't take President Trump very seriously”.

“It’s worth remembering that despite budget reductions, the United States remains by far the most generous nation in the world,” he added.

He singled out the UN agency for Palestinian refugees, UNRWA, and UN-run schools in Gaza for promoting what he called “anti-Semitic hate”.

Mr Waltz also defended Washington’s decision not to pay its full assessed dues last year, which left the US among 41 countries in arrears.

The US, which is assessed at 22 per cent of the UN's regular budget, remains its largest single contributor. China’s share is 20 per cent.

US Senator Jeanne Shaheen, the committee’s top Democrat, expressed concern that reducing US engagement at the UN would allow adversaries, such as China, to fill the void.

“If we walk away from international bodies like the UN, the result won’t be reforms that advance American interests,” she said. “I don’t think most Americans want to live in a world where the Chinese Communist Party is driving the agenda.”

Ms Shaheen urged Mr Waltz to work with Congress to preserve American leadership.

“We cannot shape these organisations or even push for reforms unless we’re at the table,” she said.

Mr Waltz said it was “absurd” that China continued to be treated as a developing nation and received favourable status at the UN.

Richard Gowan, UN director at the International Crisis Group said it was striking that Mr Waltz and Democratic senators agreed on the need to counter Chinese influence at the UN as a top priority.

“Containing Beijing at the UN is a cross-party priority in Washington, but Chinese-US tensions could gum up UN deal-making in future,” he added.

Mr Trump’s former national security adviser defended his use of a group chat to discuss military plans as he faced accusations of mishandling sensitive information at Tuesday's hearing.

The editor-in-chief of The Atlantic magazine said in March that Mr Waltz had mistakenly added him to a Signal group chat that included senior US officials discussing impending American air strikes on Houthi targets in Yemen.

The misstep drew widespread criticism and culminated in Mr Waltz’s dismissal from the role in May.

He acknowledged the error but insisted that no classified material was shared. Mr Waltz said he had followed the same encrypted messaging practices in place under the Biden administration and denied that the chat breached any internal security procedures.

“This was a mistake in contact management, not a breach of national security,” he said.

The committee is expected to vote on Mr Waltz’s nomination in the coming weeks.

If confirmed, Mr Waltz will be joined by Morgan Ortagus at the UN, where she will advise on policy. Until recently, she served as deputy special envoy to the Middle East and was overseeing the Lebanon portfolio.

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Muslim Council of Elders condemns terrorism on religious sites

The Muslim Council of Elders has strongly condemned the criminal attacks on religious sites in Britain.

It firmly rejected “acts of terrorism, which constitute a flagrant violation of the sanctity of houses of worship”.

“Attacking places of worship is a form of terrorism and extremism that threatens peace and stability within societies,” it said.

The council also warned against the rise of hate speech, racism, extremism and Islamophobia. It urged the international community to join efforts to promote tolerance and peaceful coexistence.

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Day 1, Abu Dhabi Test: At a glance

Moment of the day Dimuth Karunaratne had batted with plenty of pluck, and no little skill, in getting to within seven runs of a first-day century. Then, while he ran what he thought was a comfortable single to mid-on, his batting partner Dinesh Chandimal opted to stay at home. The opener was run out by the length of the pitch.

Stat of the day – 1 One six was hit on Day 1. The boundary was only breached 18 times in total over the course of the 90 overs. When it did arrive, the lone six was a thing of beauty, as Niroshan Dickwella effortlessly clipped Mohammed Amir over the square-leg boundary.

The verdict Three wickets down at lunch, on a featherbed wicket having won the toss, and Sri Lanka’s fragile confidence must have been waning. Then Karunaratne and Chandimal's alliance of precisely 100 gave them a foothold in the match. Dickwella’s free-spirited strokeplay meant the Sri Lankans were handily placed at 227-4 at the close.

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: July 15, 2025, 6:59 PM