US President Joe Biden’s upcoming visit to Saudi Arabia and the involvement of a Saudi investment fund in a new start-up golf association have provoked a rash of harsh commentary in the US. While it is appropriate for analysts and politicians to air their policy differences with the Kingdom, the tone and content of the comments and political cartoons about Saudi Arabia are of a different sort, filling the pages of much of the US press with what can only be described as racist diatribe masking as political commentary. While some have justified the wrath they direct at Saudi Arabia by pointing to the murder in 2018 of journalist Jamal Khashoggi, the issue is deeper as this same bigotry has long marred the way Americans discuss Arabs in general and Gulf Arabs, in particular.
Since it was first announced that the White House was considering this visit, Mr Biden has been excoriated by the left for betraying American values by daring to go to the Kingdom and shaking hands with its leadership. Further, he has been accused of compromising his electoral pledge to distance his country from Riyadh in order to secure “Saudi oil”. Similarly, golf professionals who signed up with the new league have been charged with dirtying a good clean game by accepting “Saudi money”.
While the print op-eds are ugly, the daily political cartoons are even more vile. The Arab caricatures are racist and the storylines conveyed by the imagery used are even more so, depicting Biden prostrate before a robed Arab, among others.
None of this is new, as this hostility has been with us for generations. What is new is how it has become publicly accepted liberal discourse.
More than four decades ago I wrote a paper, together with a Pakistani-American scholar, Mowahid Shah, comparing Czarist Russian and pre-Nazi German anti-Semitic cartoons with anti-Arab cartoons being published in major US papers in the 1970s and 80s. The Jewish banker was replicated by the oil-rich Arab and the Jewish subversive/anarchist was replaced by the Arab terrorist. It was striking how they were so similar in content and form. The narrative being pushed was of greedy, dark, sinister Middle Eastern men who had taken advantage of us, absconded with “our wealth” and were now holding us hostage to their evil intent.
My former colleague, Senator James Abourezk once said: “When you look at statements about or depictions of Arabs, substitute ‘Jews’, and if you find it disgusting and racist, then it is anti-Arab and should be protested.”
Using this yardstick, over the years, we challenged those who complained about the sinister intent of “Arab money” being used to influence universities or politicians, or movies or cartoons that depicted Arabs in a degrading or threatening manner. In the 1980s, working with the former Senator at the American-Arab Anti-Discrimination Committee we co-founded, we were kept busy protesting many such instances of this anti-Arab bigotry in films, political cartoons and commentary.
Fast-forward to the 2008 Democratic Convention, when in speech after speech the issue of dependence on oil was an applause line. As the night wore on, however, subtle but revealing differences became clear in how the issue was raised. When speakers referred to “ending our dependence on fossil fuel” (a legitimate environmental concern), there would be applause. And when they would decry “our dependence on foreign oil” (a legitimate concern about trade deficits), there would also be applause. But when a few speakers denounced “our dependence on Arab (or Saudi) oil”, the rafters shook with thunderous applause.
This hostility has been with us for generations, but what is new is how it has become publicly accepted liberal discourse
The difference with the last example was that by giving the fuel an ethnicity or identifying it with a country, the speakers were exploiting a deeply held anti-Arab bias. In reality, as the oil market is fungible, there is no way to sort out “Arab oil” from any other.
Around this same time, a respected liberal Washington-based think tank sponsored a television advert featuring a Gulf Arab in the foreground against a backdrop of oil wells. As Arabic music played, an announcer, in ominous tones, warned about the dangers that fossil fuels posed to the environment. The Arab American Institute complained, noting that if global warming was the target, why the music or the Arab? Why not target American oil companies?
To make that matter clearer, one of the speakers at the 2008 Democratic convention, a Western state governor, was quoted afterwards telling a group of visiting Canadians that when he railed against “imported oil” he didn’t mean Canadian or Mexican oil. He meant Saudi oil.
We’ve learnt to be mindful of anti-Semitic tropes. The same must apply to how we talk about Arabs, in particular. It is legitimate to raise serious policy concerns to any country about the environment, or trade or allegations of human rights abuses. But it unacceptable to use racist caricatures or bigoted stereotypes in making otherwise-legitimate points.
American political pundits have spent weeks arguing that Mr Biden shouldn’t go to Saudi Arabia because of disagreements over human rights. After it became clear that he was going, they shifted their advice to listing all of the demands he should make of the Saudi leadership. Meanwhile, there has not been a single serious question raised as to whether the President should go to Israel or the demands he should make of the Israeli leadership about the killing of American citizens, including recently journalist Shireen Abu Akleh who was an American citizen, the humiliating treatment received by Arab Americans seeking to enter Israel or the occupied Palestinian territories, or the many other Israeli outrageous behaviours that have made the administration’s goal of a two-state solution well-nigh impossible.
In the current political discourse suggesting that holding Israel to a standard that is different from the way we treat other countries is itself a form of anti-Semitism, so shouldn’t the same metric be used when the victim group is Arabs? And shouldn’t we be able to acknowledge that after the recent release of photos from Guantanamo, and recalling the horrors of Abu Ghraib, the Bush administration torture memos, the rendition of prisoners to “black sites” where they could be tortured and the substantial civilian casualties resulting from errant US drone strikes, that the moral outrage we express is marred by our own past and present actions”?
It is therefore incumbent on us all to check our bigotry at the door when we write. There is a legitimate way to criticise US, Israeli and Saudi policies. Sadly, from what I’ve seen in recent weeks, while American political commentators have become sensitive to the first two, they fall far short of the goal of fairness when it comes to dealing with Arabs. Calling a country “depraved” or using racist stereotypes to depict its people is wrong and should be rejected in our discourse.
'Nightmare Alley'
Director:Guillermo del Toro
Stars:Bradley Cooper, Cate Blanchett, Rooney Mara
Rating: 3/5
Venom
Director: Ruben Fleischer
Cast: Tom Hardy, Michelle Williams, Riz Ahmed
Rating: 1.5/5
Infobox
Western Region Asia Cup Qualifier, Al Amerat, Oman
The two finalists advance to the next stage of qualifying, in Malaysia in August
Results
UAE beat Iran by 10 wickets
Kuwait beat Saudi Arabia by eight wickets
Oman beat Bahrain by nine wickets
Qatar beat Maldives by 106 runs
Monday fixtures
UAE v Kuwait, Iran v Saudi Arabia, Oman v Qatar, Maldives v Bahrain
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
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.”
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England v South Africa Test series:
First Test: at Lord's, England won by 211 runs
Second Test: at Trent Bridge, South Africa won by 340 runs
Third Test: at The Oval, July 27-31
Fourth Test: at Old Trafford, August 4-8
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Profile of Hala Insurance
Date Started: September 2018
Founders: Walid and Karim Dib
Based: Abu Dhabi
Employees: Nine
Amount raised: $1.2 million
Funders: Oman Technology Fund, AB Accelerator, 500 Startups, private backers
Mane points for safe home colouring
- Natural and grey hair takes colour differently than chemically treated hair
- Taking hair from a dark to a light colour should involve a slow transition through warmer stages of colour
- When choosing a colour (especially a lighter tone), allow for a natural lift of warmth
- Most modern hair colours are technique-based, in that they require a confident hand and taught skills
- If you decide to be brave and go for it, seek professional advice and use a semi-permanent colour
How Filipinos in the UAE invest
A recent survey of 10,000 Filipino expatriates in the UAE found that 82 per cent have plans to invest, primarily in property. This is significantly higher than the 2014 poll showing only two out of 10 Filipinos planned to invest.
Fifty-five percent said they plan to invest in property, according to the poll conducted by the New Perspective Media Group, organiser of the Philippine Property and Investment Exhibition. Acquiring a franchised business or starting up a small business was preferred by 25 per cent and 15 per cent said they will invest in mutual funds. The rest said they are keen to invest in insurance (3 per cent) and gold (2 per cent).
Of the 5,500 respondents who preferred property as their primary investment, 54 per cent said they plan to make the purchase within the next year. Manila was the top location, preferred by 53 per cent.
The Perfect Couple
Starring: Nicole Kidman, Liev Schreiber, Jack Reynor
Creator: Jenna Lamia
Rating: 3/5
The five pillars of Islam