There is hardly any human right more uncontroversial or universally agreed-upon than the rights of a child, at least in principle. Out of the nine binding international treaties on human rights, the Convention on the Rights of the Child is the most subscribed, ratified by every UN member state except the US. The success of that treaty is not only a landmark event in the advancement of an international framework for human rights, but also a pointer to the universality of the spirit underlying it; in nearly every culture, religion and legal system, special protections are given to children – particularly to shield them from the actions of adults.
Many have made the case that human rights have been on the decline this century, pulled back by a long thread of global events ranging from the US-led “War on Terror” that began in 2001 to the rise of far-right populism in the decade after to the climate of fear sparked by the pandemic in the past two years. It will take the benefit of hindsight decades from now to judge whether that was really the case, but the rights of children are probably a good canary in the coal mine that tells us which way the winds are blowing.
The state of affairs is particularly clear in instances where it is not conflict or chaos that threatens children’s wellbeing, but sheer political will. The perfect illustration lies in the situation of thousands of children stranded in north-eastern Syria, who are citizens of a large cross-section of countries from Europe and Central Asia. Their home governments’ inaction in protecting them is indicative of a tragic and growing consensus among too many countries that there are instances where the rights of children do not matter much.
A month ago, Save the Children, a charity, warned that it will take 30 years to repatriate the 7,300 children of non-Syrian and non-Iraqi ISIS fighters stranded in unsafe camps in north-eastern Syria, if such repatriations continue at their present pace. This is the tip of the iceberg; the camps also house more than 18,000 Iraqi children in need of their own repatriation.
The obstacles to the repatriation of these children are clear, a result of the ambivalence of the countries who are meant to take them, demonstrating a disregard for their obligations – legal and moral – to protect their own citizens. In many cases, the surviving mothers of such children are former members of ISIS themselves. Governments do not – or do not want to be seen to – want to spend resources rescuing those mothers from a quagmire of their own making, and so the children suffer. That supposed unseemliness aside, solving the problem would, from a purely logistical point of view, be relatively straightforward. Kurdish authorities who administer the regions in which the camps are situated have all but begged foreign governments to come and collect the children.
Children play in a displacement camp for Yazidi people, north of Dohuk, Iraq, on January 26, 2022. AFP
Kurdish authorities have all but begged foreign governments to come and collect the children
For children who are actually from the region, the challenges are more complicated, but equally egregious. This is particularly true in the case of children born to Yazidi women who were kidnapped and raped by ISIS fighters. Elders from the Yazidi community, a highly insular minority religious group in Syria and Iraq, have decreed since the fall of ISIS’s so-called caliphate in 2019 that any Yazidis kidnapped by the group would be welcomed back into the communities. Their children, however, would not, because they were born to non-Yazidi men and the community’s religious beliefs preclude such individuals from living among them. It does not help, in this instance, that Iraqi law identifies one’s religion based on that of their father, forfeiting any legal claim these children might have to a Yazidi identity.
The religious beliefs and legal peculiarities are not the only obstacle – mothers have been warned that their children would be discriminated against for the rest of their lives, tainted by association with their militant fathers.
Consequently, for the past three years Yazidi women unwilling to abandon their children have been forced to live in the Syrian camps with other widows of ISIS members, reportedly disguising themselves as Muslim Arabs to avoid any harassment or forced repatriation to their home community. For those who wish to return to Yazidi villages, the situation is even worse. Their children have mostly ended up in orphanages in Syria and Iraq, left to the care of charity workers.
The common thread for all these children – foreign or Iraqi, born to radicalised mothers or Yazidi victims – is stigma. In countries outside the region, particularly in the West, the stigma comes from the politicisation of these child welfare cases. In Iraq, it is a deeper, older stigma drawn from tribalism. Neither presents a valid excuse; both are exactly the kinds of harmful mentalities that human rights laws are designed to protect victims against.
As with the foreign children of ISIS fighters, it will take years for the Yazidi children and their mothers to see their rights restored. In recognition of the Yazidis’ plight, some western countries have offered to take Yazidi women and their children in. While the outcome would be a noble service to these families, the hypocrisy would, of course, be more than apparent; the only thing differentiating the children who are already citizens of these countries from their Yazidi counterparts is the alleged sins of their mothers.
If the goal is to do the greatest humanitarian good and create a sustainable way out of the horrors ISIS created, then there is a better way. Instead of trading their own responsibilities away to cover for Iraqi human rights failings, foreign powers can bite the bullet, accept responsibility for their own citizens and look after their children. They can also help Iraq, for its part, take steps to reinforce the rights of Yazidi women and children to thrive at home, with or without support from their community.
From the day ISIS fell, a little over three years ago, the scars its brutality left on the Middle East were clear. It will take at least a generation, billions of dollars and huge, national efforts to heal them. Most of the steps involved will be gruelling and complicated. But doing right by these children and their mothers would be one of the easier ones. And getting the job done would send a strong signal that the world hasn’t forgotten something that once seemed so obvious to nearly everyone, the rights of the child.
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.”
In Full Flight: A Story of Africa and Atonement
John Heminway, Knopff
The Bio
Name: Lynn Davison
Profession: History teacher at Al Yasmina Academy, Abu Dhabi
Children: She has one son, Casey, 28
Hometown: Pontefract, West Yorkshire in the UK
Favourite book: The Alchemist by Paulo Coelho
Favourite Author: CJ Sansom
Favourite holiday destination: Bali
Favourite food: A Sunday roast
Milestones on the road to union
1970
October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar.
December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.
1971
March 1: Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.
July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.
July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.
August 6: The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.
August 15: Bahrain becomes independent.
September 3: Qatar becomes independent.
November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.
November 29: At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.
November 30: Despite a power sharing agreement, Tehran takes full control of Abu Musa.
November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties
December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.
December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.
December 9: UAE joins the United Nations.
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
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