Society’s response and the need to protect ourselves from another 9/11 changed our lives.
Society’s response and the need to protect ourselves from another 9/11 changed our lives.
Society’s response and the need to protect ourselves from another 9/11 changed our lives.
Society’s response and the need to protect ourselves from another 9/11 changed our lives.


Two decades after 9/11, Arabs have stood up to be counted


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September 08, 2021

What does it mean to be an Arab? At the beginning of the 21st century, this question took on a new urgency after the horror of the September 11, 2001 attack on New York’s World Trade Centre.

Even now, the loss of life and the shock that it even happened create a feeling of bewilderment. It was a moment to leave one bereft of hope. Before then, as a society we had not ever conceived of such an act. After it, a repeat became one of our worst fears.

The world has experienced other tragedies since, some on a far larger scale. However, society’s response and the need to protect ourselves from another 9/11 did change our lives. That isn’t hyperbole for those too young or not born yet. Even for those who remember, it is hard to conceive of how differently we lived before then.

For Arabs in particular, that day marked a watershed. The question of identity and what it meant to be Arab suddenly became everyone’s concern.

Akram Abdelaziz at Mike's Food Store in East Flatbush, Brooklyn, NY
Akram Abdelaziz at Mike's Food Store in East Flatbush, Brooklyn, NY

At the time, I was a 25-year-old British-Iraqi man living in London. All 19 of the 9/11 plane hijackers were male Arabs of a similar age. This was a frightening fact.

I felt the paranoia in the days and weeks after the attack. Both my own and of those I encountered in my daily life. At work. On the tube. In restaurants and pubs.

Other Arabs had similar or worse experiences. Some were victims of discrimination and violence. Non-Arabs had already embarked on their own narrative about Arabs. It was a highly charged atmosphere. Nuance was low on the list of priorities. For the international mainstream media it was a nadir.

When this period passed and the initial anxiety settled and everyone else seemed to move on, Arabs were still left to ponder important questions.

Is there even such a thing as an Arab in reality? Are we not too disparate a collection of countless tribes and conflicting loyalties so as to tender the idea of a singular homogeneous group? Isn't that naive and, perhaps, dangerous?

A 1893 map showing the Ottoman Empire. Alamy Stock Photo
A 1893 map showing the Ottoman Empire. Alamy Stock Photo

In my grandfather’s time, questions of Arab identity were discussed in the context of the struggle for independence from the Ottomans and then the British and the French. This resulted in the emergence of the competing ideologies of the pan-Arabists and political Islamists. Both ended in failure.

Later, the Palestinian-Israeli conflict often defined the parameters of Arab identity. Other conflicts, including the Lebanese Civil War and the 1991 Gulf War, fuelled emigration and diasporas around the world.

By 2001, this had all added up to the feeling that we were farther than ever as people agreeing on what constituted "Arabness". Not that that has ever been an articulated objective.

Until 9/11, most among the Arab diaspora largely avoided being active in politics, and focused instead on other aspects such as education, food, culture and business. Our mercantile and artistic traditions combined with a respect for learning allowed for each to develop their own personal sense of what it meant to be an Arab.

Then the World Trade Centre attacks happened and we were all being told that Arabs were either terrorists or potential terrorists until proven otherwise.

A scene from the 1991 Gulf War. Courtesy Steve McCurry
A scene from the 1991 Gulf War. Courtesy Steve McCurry

In the years leading up to then, Arabs, like all people, could cling to the convenient illusion that we were all children of globalisation. This was reinforced by the emergence of the world wide web. Cell phone technology was liberating us all from previous limitations. Air travel was cheaper and more convenient, making the world closer, and all cultures became more accessible.

Arabs were largely accepted like anyone else in the US and Europe as tourists, investors, students and residents.

While we all know now that globalisation was never a sustainable strategy, its infrastructure did mean that when the historic flow of capital and talent from the Arab world to the West stalled in the aftermath of the attacks, there was a benefit to the economies of the Middle East region that received them instead.

That period coincided with the rise of Gulf states, such as the UAE, which has helped to redefine the idea of a successful Arab society.

We found that we had new answers to the questions we asked ourselves.

Two years ago, Hazza Al Mansouri became the second Arab to go to space.
Two years ago, Hazza Al Mansouri became the second Arab to go to space.
Liverpool superstar Mohamed Salah. AP Photo
Liverpool superstar Mohamed Salah. AP Photo
Even as we continue to wrestle with tough questions, Arabs did not let others control the narrative about them

These included not just aspects of an economic boom but also a resurgence of art and creativity. Often the response of Arab talent to the question of identity was to work hard and succeed.

This process hasn’t been wholly positive. Arguably, the uprisings of a decade ago in the region were inevitable given 9/11 and the impact it had on Arabs, not just in terms of the war on terror and conflicts but also their own expectations that they deserved the same opportunities as might be found anywhere else in the world. The crimes of ISIS in Syria, Iraq and elsewhere have also been a grim reminder of the problems that continue to plague us.

There have though been wonderful individual moments for Arabs everywhere.

Two years ago, an Arab went to space again. We remember every single one of Liverpool football club superstar Mohamed Salah’s 99 Premier League goals (Arabs who are Manchester United fans may object). Culture, including film and TV, has flourished. Arab startups and entrepreneurs are legion.

Two decades after 9/11 and Arabs have stood up and been counted.

Even as we continue to wrestle with tough questions, Arabs did not let others control the narrative about them. Perhaps, there will never be a definitive answer to identity, but complexity can be a good thing too.

Twenty years on from those attacks, the world is still terrified. Perhaps it is progress that it isn’t Arabs that it is chiefly afraid of anymore.

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 profile

Date started: 2015

Founder: John Tsioris and Ioanna Angelidaki

Based: Dubai

Sector: Online grocery delivery

Staff: 200

Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends

RESULTS

5pm: Wathba Stallions Cup – Maiden (PA) Dh70,000 (Dirt) 1,400m
Winner: Yas Xmnsor, Sean Kirrane (jockey), Khalifa Al Neyadi (trainer)

5.30pm: Falaj Hazza – Handicap (PA) Dh70,000 (D) 1,600m
Winner: Arim W’Rsan, Dane O’Neill, Jaci Wickham

6pm: Al Basrah – Maiden (PA) Dh70,000 (D) 1,800m
Winner: Kalifano De Ghazal, Abdul Aziz Al Balushi, Helal Al Alawi

6.30pm: Oud Al Touba – Handicap (PA) Dh70,000 (D) 1,800m
Winner: Pharitz Oubai, Sean Kirrane, Ibrahim Al Hadhrami

7pm: Sieh bin Amaar – Conditions (PA) Dh80,000 (D) 1,800m
Winner: Oxord, Richard Mullen, Abdalla Al Hammadi

7.30pm: Jebel Hafeet – Conditions (PA) Dh85,000 (D) 2,000m
Winner: AF Ramz, Sean Kirrane, Khalifa Al Neyadi

8pm: Al Saad – Handicap (TB) Dh70,000 (D) 2,000m
Winner: Sea Skimmer, Gabriele Malune, Kareem Ramadan

Updated: September 09, 2021, 1:27 PM