Creating false narratives is one of the scourges of our age. One trait of perpetrators is to attack those who call them out or warn of the dangers.
When the venerable London-based professor Fawaz Gerges warned that an attack on kids by a Syrian in Annecy, France, would become a rallying point for the anti-migrant lobby, there was a backlash from the right itself.
Prof Gerges was condemned by the former Brexit Party MEP Martin Daubney for his intervention. The professor was using his academic expertise to say that while little was known at the time, it was unlikely that this tragic incident was the product of extremism and should not, therefore, be harnessed to smear a whole class of people.
“The fact is that the suspect is a Syrian refugee and an asylum seeker will likely be used a great deal by the far right in France given the cultural wars and the questions of refugees,” he told a news channel.
Mr Daubney had minutes earlier himself tweeted a question about the same sort incident happening in the UK, where “at least 29 known terror suspects” have allegedly been drawn from the ranks of British asylum seekers.
The events in Annecy were easy to distil while little hard information was known. A video showed an assailant with a knife wearing a head covering and striding maniacally across a neat French park with some onlookers in pursuit. The French knee-jerk reaction could be recited by anyone who cared to speculate.
The vulnerable position of the tens of thousands of asylum seekers in France who are frequently the object of political hostility was thus made worse in a single afternoon. Whatever motivated the attacker, the aftermath of the stabbings is a salutary lesson in how close to the surface hostility to refugees now lurks.
Creating false narratives is one of the scourges of our age
It is not just limited to France, where the official opposition is the Rassemblement National (National Rally) party. In Germany the far-right AfD, which has just moved into second place in the polls, was also quick to tweet after the stabbings. It drew a link with a meeting of EU interior ministers in Luxembourg for an important decision on migration policies across the bloc.
The AfD is, of course, hostile to anything other than excluding all newcomers. Even the EU's embrace of rapid deportation agreed by its ministers has been seen by the far right as just a drop in the bucket.
The AfD message was that the ministers were discussing asylum without consequences, while a “Syrian asylum seeker stabs four small children”.
These are not stray comments. Some come from the right, and most flourish on the far right. As such, there is a society-wide issue exposed here at a time of crisis. At this point, more details are emerging about the suspect, who is said to be a Christian from Syria who spent years in Sweden, gaining refugee status there and then moving for an apparently unhappy period in France.
Tackling the social impact of distortion is a clear duty of governments. One positive example is the British government’s operation of a counter-disinformation unit. Its remit is to lead “the UK government’s operational response to disinformation threats online, and ensure the government takes necessary steps to identify and respond to acute misinformation (i.e. incorrect or misleading information) and disinformation (i.e. information which is deliberately created to cause harm) in areas of public interest,” according to the Cabinet Office website.
The unit traces its origins back to 2019, when efforts were made to ensure the European elections were not skewed by influence operations. The Brexit referendum in the UK three years earlier, and the cross-over fallout of the presidential election in the US that brought Donald Trump to power, is the context that originally defined the need for such an effort.
Its focus includes socially divisive issues, including the Covid-19 pandemic that saw the rise of anti-vaxxer movements and myriad conspiracies about lockdowns. What it does is to ensure fast tracking for allegedly dangerous content for moderation or deletion by social media firms, including Facebook and Twitter. A supplementary toolkit titled “Resist”is for tackling misinformation. The guidelines seek to set out the ground rules for operating in what the UK refers to as a “crowded information space” and is available online.
In other words, the expanding exposure to misinformation is a shared battle for governments, platforms and the public. The events in Annecy show how high the stakes are in getting it right.
THE BIO
Born: Mukalla, Yemen, 1979
Education: UAE University, Al Ain
Family: Married with two daughters: Asayel, 7, and Sara, 6
Favourite piece of music: Horse Dance by Naseer Shamma
Favourite book: Science and geology
Favourite place to travel to: Washington DC
Best advice you’ve ever been given: If you have a dream, you have to believe it, then you will see it.
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
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.”
UAE%20v%20West%20Indies
%3Cp%3EFirst%20ODI%20-%20Sunday%2C%20June%204%20%0D%3Cbr%3ESecond%20ODI%20-%20Tuesday%2C%20June%206%20%0D%3Cbr%3EThird%20ODI%20-%20Friday%2C%20June%209%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3EMatches%20at%20Sharjah%20Cricket%20Stadium.%20All%20games%20start%20at%204.30pm%0D%3Cbr%3E%0D%3Cbr%3E%3Cstrong%3EUAE%20squad%3C%2Fstrong%3E%0D%3Cbr%3EMuhammad%20Waseem%20(captain)%2C%20Aayan%20Khan%2C%20Adithya%20Shetty%2C%20Ali%20Naseer%2C%20Ansh%20Tandon%2C%20Aryansh%20Sharma%2C%20Asif%20Khan%2C%20Basil%20Hameed%2C%20Ethan%20D%E2%80%99Souza%2C%20Fahad%20Nawaz%2C%20Jonathan%20Figy%2C%20Junaid%20Siddique%2C%20Karthik%20Meiyappan%2C%20Lovepreet%20Singh%2C%20Matiullah%2C%20Mohammed%20Faraazuddin%2C%20Muhammad%20Jawadullah%2C%20Rameez%20Shahzad%2C%20Rohan%20Mustafa%2C%20Sanchit%20Sharma%2C%20Vriitya%20Aravind%2C%20Zahoor%20Khan%0D%3C%2Fp%3E%0A
Countries recognising Palestine
France, UK, Canada, Australia, Portugal, Belgium, Malta, Luxembourg, San Marino and Andorra
The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5
The five pillars of Islam
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Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
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