Poster boards showing a photograph of Jo Cox are seen during a memorial event for the murdered Labour MP (Photo by Matt Cardy/Getty Images)
Poster boards showing a photograph of Jo Cox are seen during a memorial event for the murdered Labour MP (Photo by Matt Cardy/Getty Images)
Poster boards showing a photograph of Jo Cox are seen during a memorial event for the murdered Labour MP (Photo by Matt Cardy/Getty Images)
Poster boards showing a photograph of Jo Cox are seen during a memorial event for the murdered Labour MP (Photo by Matt Cardy/Getty Images)

A legacy I want to leave behind


  • English
  • Arabic

Last week, British legislator Jo Cox, 41, was murdered on a street in her constituency. She became a parliamentarian a little more than a year ago. Before this, she worked for the international humanitarian charity Oxfam, where she made a name for herself on matters such as immigration and the Syrian refugee crisis. A mother of two children aged five and three, she also founded the Friends of Syria parliamentary group.

I was shocked by her murder. We were at similar stages in life and our children are about the same age.

My husband gave me an emotional hug when we first met after hearing the news. “I don’t want to lose you,” he said. The weight of a potential loss hung in the air. It remained unsaid that the intensity of working and raising young children had wrapped us up in our own responsibilities, obscuring our bigger aspirations and blinding us to our individual and communal goals.

There’s a reason that we are with our beloveds – for companionship and fulfilment of life. Such a relationship also means that the other person will be admired, supported and respected.

It was amid this psychological turmoil that I read the statement from Ms Cox’s husband, issued hours after the murder. It’s elegance and poignancy continues to move me: “She would have wanted two things above all else to happen now. One, that our precious children are bathed in love, and two, that we all unite to fight against the hatred that killed her. Hate doesn’t have a creed, race or religion – it is poisonous.”

His words demonstrated clarity and certainty about her legacy.

What do people leave behind? Would those around me really know what I would have wanted above all else? Do many of us have such a clear commitment to a cause that we ooze it from every pore and in every breath?

We are always told that humans have an inclination towards leaving a legacy. But today, more than ever, we teeter between the paradox of desiring immortality (and believing we can have it) and leaving behind a legacy. Having prodigious offspring was once a key marker of legacy. But today we prefer to have fewer children. For some it’s even preferable not to have any children.

Perhaps longevity is no longer an aspiration. Perhaps we have started to believe that we can be immortal, with the lifespan rising, the talk of freezing brains, of 50 being the new 40 and 60 being the new 50. We no longer think about death and beyond; instead, we embrace and live in the moment, revelling in our belief in everlasting youth. Who wants to get old, the precursor to death? But then, we don’t want to believe that people die young.

The biggest legacy we might leave behind these days is our digital archive, our social media feeds. These can live on, unless memorialised or deleted by those who outlive us – a creepy virtual hand from beyond the grave.

For those whose legacy is clear, even death is not an end, but merely an intervention in an continuing story. The funeral of Muhammad Ali showed how a man’s love and belief could continue even after death.

I am neither Ali nor Cox, but I’d certainly love to leave behind the kind of legacy that everyone knows that I would have wanted, above all else.

Shelina Zahra Janmohamed is the author of Love in a Headscarf and blogs at www.spirit21.co.uk

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A meeting of young minds

The 3,494 entries for the 2019 Sharjah Children Biennial come from:

435 – UAE

2,000 – China

808 – United Kingdom

165 – Argentina

38 – Lebanon

16 – Saudi Arabia

16 – Bangladesh

6 – Ireland

3 – Egypt

3 – France

2 – Sudan

1 – Kuwait

1 – Australia
 

UAE currency: the story behind the money in your pockets
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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.”

We Weren’t Supposed to Survive But We Did

We weren’t supposed to survive but we did.      
We weren’t supposed to remember but we did.              
We weren’t supposed to write but we did.  
We weren’t supposed to fight but we did.              
We weren’t supposed to organise but we did.
We weren’t supposed to rap but we did.        
We weren’t supposed to find allies but we did.
We weren’t supposed to grow communities but we did.        
We weren’t supposed to return but WE ARE.
Amira Sakalla

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Cricket World Cup League Two

Oman, UAE, Namibia

Al Amerat, Muscat

 

Results

Oman beat UAE by five wickets

UAE beat Namibia by eight runs

 

Fixtures

Wednesday January 8 –Oman v Namibia

Thursday January 9 – Oman v UAE

Saturday January 11 – UAE v Namibia

Sunday January 12 – Oman v Namibia