Vince Cable, leader of Britain's Liberal Democrats  Neil Hall / Reuters
Vince Cable, leader of Britain's Liberal Democrats Neil Hall / Reuters

Anyone, from any community, can be radicalised. That realisation has profound policy implications



Normally when the words British and jihadi are used in the same sentence, the reference is to what the United Nations calls "foreign terrorist fighters". That is, westerners who left their countries to fight for ISIL in Syria.

But on Sunday, a prominent UK politician suggested a link between Britain and a different sort of jihad. Commenting on the heightened sensibilities aroused by the British referendum to leave the European Union, Vince Cable, leader of the Liberal Democrat party said, "we haven't yet heard about 'Brexit jihadis' but there is an undercurrent of violence in the language which is troubling."

It was probably one of the more high-profile attempts by a western politician to examine political extremism of different kinds and discern the common thread that runs through them. A couple of months ago, Tony Blair's former spin doctor was castigated for tweeting about "Brextremists" and the way they spew "hate". But Mr Cable's remarks may be more significant by far. He heads Britain's third party and is a veteran who has been in active politics since the 1970s. It is noteworthy that he sees jihadism as radicalisation of any sort, rather than that simply caused by a perversion of one faith, Islam.

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Before Brexiteers start to bristle at their project being equated with murderous violence in service of Islam, consider this. In early November, Britain's second biggest-selling daily newspaper attacked a court ruling on Brexit with front-page pictures of the three judges alongside the headline, "enemies of the people". Within hours of its publication, Brexit supporters took to social media to call for the judges to be publicly executed and for the main litigant in the case, a foreign-born, brown-skinned woman, to be murdered. The scion of a noble family offered £5,000 on Facebook to "the first person to 'accidentally' run over this bloody troublesome first generation immigrant."

It is a given that social media often provokes, even encourages, extreme commentary and behaviour, but the menacing attempt by sections of the Brexit brigade to throttle dissent by threats and imprecations is a classic manifestation of radicalisation. This is what Mr Cable meant when he spoke of the Brexit jihadis of the future.

The realisation that anyone, from any community, can be radicalised, is important. It has profound policy implications. It confirms a new wave of analysis that views ISIL more as a gang of young people driven by the identity politics of victimisation than as a religious or ideological movement.

This is borne out by a new study for the United Nations Counter-Terrorism Center. It found that young Muslim jihadis see their faith "in terms of justice and injustice rather than in terms of piety and spirituality". The study, conducted by Professor Hamed El Said of Manchester Metropolitan University and British terrorism expert Richard Barrett, noted that the majority of foreign terrorist fighters interviewed "felt a duty to go to Syria in order to defend what they perceived as their in-group". Many were religious novices, the researchers said, and lacked even a basic understanding of the Islamic faith. A substantial number of fighters did not know how to pray. But they felt a strong sense of community and a raging sense of injustice.

This chimes with a theory put forward last year by Marc Sageman, a psychiatrist, sociologist and a former CIA case officer, in his book Misunderstanding Terrorism. Communities aren't enablers or facilitators of radicalisation but they can be the reason for it, Mr Sageman found, after studying 34 campaigns of political violence over 200 years. In other words, men or women may decide to attack a system if they think it is failing their people. In 80 per cent of the campaigns of political violence Mr Sageman examined, people became militant – in word or deed – when they felt their community was threatened in some way.

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The alt-right jihad, with Donald Trump espousing some of its main grievances, is a case in point. In the words of an American columnist, "the new Whiny Right (is fighting to protect) the waning power of whiteness, privilege, patriarchy, access, and the cultural and economic surety that accrues to the possessors of such."

Their perceived victim status is akin to that of misguided youths who happen to be born Muslim and are sufficiently enraged by the state of their community to fight a distant war.

And that victim status is echoed in the ill-tempered, ill-logic of Brexit hardliners. Aggressively touting their sense of ill-usage in relation to the European Union, they argue against all available facts, statistics, expert opinion and economic projections ​and insist ​that Britain need only leave the European straitjacket in order to be great again.

Clearly, one does not have to be born into any particular faith to wage a jihad. In an age of mobility and ceaseless change, it is enough to believe it’s Us versus Them and ​that ​radical means are justified.

COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
Cinco in numbers

Dh3.7 million

The estimated cost of Victoria Swarovski’s gem-encrusted Michael Cinco wedding gown

46

The number, in kilograms, that Swarovski’s wedding gown weighed.

1,000

The hours it took to create Cinco’s vermillion petal gown, as seen in his atelier [note, is the one he’s playing with in the corner of a room]

50

How many looks Cinco has created in a new collection to celebrate Ballet Philippines’ 50th birthday

3,000

The hours needed to create the butterfly gown worn by Aishwarya Rai to the 2018 Cannes Film Festival.

1.1 million

The number of followers that Michael Cinco’s Instagram account has garnered.

'Gehraiyaan'
Director:Shakun Batra

Stars:Deepika Padukone, Siddhant Chaturvedi, Ananya Panday, Dhairya Karwa

Rating: 4/5

Vidaamuyarchi

Director: Magizh Thirumeni

Stars: Ajith Kumar, Arjun Sarja, Trisha Krishnan, Regina Cassandra

Rating: 4/5

 

DEADPOOL & WOLVERINE

Starring: Ryan Reynolds, Hugh Jackman, Emma Corrin

Director: Shawn Levy

Rating: 3/5

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.”

COMPANY%20PROFILE%20
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Match info

Newcastle United 1
Joselu (11')

Tottenham Hotspur 2
Vertonghen (8'), Alli (18')

BULKWHIZ PROFILE

Date started: February 2017

Founders: Amira Rashad (CEO), Yusuf Saber (CTO), Mahmoud Sayedahmed (adviser), Reda Bouraoui (adviser)

Based: Dubai, UAE

Sector: E-commerce 

Size: 50 employees

Funding: approximately $6m

Investors: Beco Capital, Enabling Future and Wain in the UAE; China's MSA Capital; 500 Startups; Faith Capital and Savour Ventures in Kuwait

German intelligence warnings
  • 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
  • 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
  • 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250 

Source: Federal Office for the Protection of the Constitution

COMPANY%20PROFILE
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Guide to intelligent investing
Investing success often hinges on discipline and perspective. As markets fluctuate, remember these guiding principles:
  • Stay invested: Time in the market, not timing the market, is critical to long-term gains.
  • Rational thinking: Breathe and avoid emotional decision-making; let logic and planning guide your actions.
  • Strategic patience: Understand why you’re investing and allow time for your strategies to unfold.
 
 
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
Kill%20
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