It's funny how things work out – one minute, you're minding your own business at a high-profile event, trying to see if there are any hors d'oeuvres left; the next, you're on stage presenting a major presidential declaration.
In April 2023, I was assigned to attend an event hosted by Arab America, a prominent national organisation focused on representing Arab-American interests. I was unfamiliar with the event and didn't think there would be any news made there, but I knew that there would be members of Congress in attendance and I thought it might be an opportunity to network with the Arab-American community in Washington.
Being the first to arrive, I picked a chair in the far corner where I could get a full view of the event. I stayed put as people trickled in and was nearly jarred from my seat minutes later by a very loud, rhythmic banging. I turned to see a huge dabke (a Levantine style of dance) troupe coming up the stairs, followed by dozens of attendees.
I looked around, scanning the room for familiar faces, and followed the procession next door for a better view of the proceedings.
Later in the evening, as I stood by the door, longing for my abandoned chair, I looked to my right and saw a prominent member of Congress, one whom I had been hoping to meet all night. I said hello, we shook hands and I was about to introduce myself, when the politician abruptly handed me a large picture frame, asking me if I could “present this and say a few words”.
I didn’t know what “this” was and, before I had a chance to examine it, the politician was gone, leaving the frame in my hand and her friend laughing next to me.
The frame I was to present held President Joe Biden’s signature on a document declaring April as Arab-American Heritage Month. I can't remember who I gave the declaration to or what I said after being called up on stage, but I do remember being enthusiastic about it, if a bit confused.
While the tale of how I bungled my way through that major event has been met with general amazement and hilarity from my friends and colleagues, in recent days, it's made me think about how things have changed so drastically for the Arab community over the past year.
Reflecting on the significance of Arab-American Heritage Month and how it could possibly affect our community, I've come to realise that – just like Black History Month in February, Hispanic Heritage Month from September 15 to October 15, and Asian-American and Pacific Islander Heritage Month in May – the declaration is ingratiating and symbolic, while also helping to bring unaddressed issues to the attention of politicians and people outside of the community.
And this is probably more important than ever before.
Now a year has passed, and Arab Americans have a very different view of Mr Biden. Feelings of betrayal are ripe in almost every conversation within Arab circles. Once held in esteem as the sane, safe alternative to his predecessor, much of the community now holds Mr Biden and his administration accountable as facilitators – and even perpetrators – of the ongoing assault against the people of Gaza.
In fact, a poll conducted by the Arab-American Institute during the early months of the war on Gaza showed Mr Biden’s support from the Arab community had plummeted from 59 per cent to a mere 17 per cent.
This is an election year, and such numbers can swing results in favour of Mr Biden’s putative rival, former president Donald Trump. Mr Biden has struggled in the polls since before the war in Gaza. According to 538, at six months out from the election, his disapproval rating is at 55 per cent.
The current administration’s campaign tactics, focused primarily on reproductive rights, forgiving student loans and the survival of American democracy, have done little to persuade the Arab community that their concerns are a priority.
Mr Biden has invited prominent Arab Americans to the White House for a Ramadan Iftar, but the event was scaled down since most of the invitees refused to attend and left in protest. During the event, the President was given a letter from an eight-year-old girl in Gaza who lost her entire family by Dr Thaer Ahmed, who then left the event.
Gaza has brought different parts of the Arab, Muslim and even Jewish communities together in a way that was not imaginable before the war. It has opened channels and conversations between students and teachers, neighbours and strangers, imams and rabbis, all of whom are sharing their vision of a just future.
Such conversations might not have an impact on the Oval Office or in the halls of the State Department, but they have become powerful tools in shifting public opinion about the Palestine-Israel conflict. Members of Mr Biden's own Democratic Party are now openly pushing for a ceasefire and an increase in aid to Palestinians, and a March Gallup poll suggests that a majority (55 per cent) of Americans disapprove of Israel’s actions in Gaza. Approval of Israeli military actions dropped from 50 per cent in November 2023 to 36 per cent in March.
Arab Americans face a hard decision come November, since most agree that Mr Trump would certainly not hold their interests any higher than Mr Biden. US foreign policy is, however, a massive vessel that will not dramatically change course based on the inhabitant of the White House.
That being said, focus on Arab Americans has reached new levels, especially from centrist Democrats fearing the absence of their votes would significantly alter the outcome of the election and signal a sea change in American minority politics.
As fraught has the past year has been, and as dissatisfied as I have become with the American political landscape, I do believe some celebration is in order.
Having the Arab American vote pushed to the forefront of US politics during a presidential election and seeing Arab American voices and opinions legitimised on national media outlets are welcome – albeit possibly temporary – changes to those who have long felt excluded or unheard. And, despite the ongoing atrocities and horrors presented by the war in Gaza, we finally have something we have been waiting for: an America and a world that is paying attention.
Director: Laxman Utekar
Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna
Rating: 1/5
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COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Women%E2%80%99s%20T20%20World%20Cup%20Qualifier
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'Laal Kaptaan'
Director: Navdeep Singh
Stars: Saif Ali Khan, Manav Vij, Deepak Dobriyal, Zoya Hussain
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RedCrow Intelligence Company Profile
Started: 2016
Founders: Hussein Nasser Eddin, Laila Akel, Tayeb Akel
Based: Ramallah, Palestine
Sector: Technology, Security
# of staff: 13
Investment: $745,000
Investors: Palestine’s Ibtikar Fund, Abu Dhabi’s Gothams and angel investors
What the law says
Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.
“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.
“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”
If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.
The biog
Favourite book: You Are the Placebo – Making your mind matter, by Dr Joe Dispenza
Hobby: Running and watching Welsh rugby
Travel destination: Cyprus in the summer
Life goals: To be an aspirational and passionate University educator, enjoy life, be healthy and be the best dad possible.
Florida: The critical Sunshine State
Though mostly conservative, Florida is usually always “close” in presidential elections. In most elections, the candidate that wins the Sunshine State almost always wins the election, as evidenced in 2016 when Trump took Florida, a state which has not had a democratic governor since 1991.
Joe Biden’s campaign has spent $100 million there to turn things around, understandable given the state’s crucial 29 electoral votes.
In 2016, Mr Trump’s democratic rival Hillary Clinton paid frequent visits to Florida though analysts concluded that she failed to appeal towards middle-class voters, whom Barack Obama won over in the previous election.
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.”
