Migrants wait to disembark the rescue ship Ocean Viking after it arrived at the Italian port of Ravenna. EPA
Migrants wait to disembark the rescue ship Ocean Viking after it arrived at the Italian port of Ravenna. EPA
Migrants wait to disembark the rescue ship Ocean Viking after it arrived at the Italian port of Ravenna. EPA
Migrants wait to disembark the rescue ship Ocean Viking after it arrived at the Italian port of Ravenna. EPA


Half-baked solutions are undermining a just response to migration


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  • Arabic

February 20, 2023

Migration flows as warfare has become an easy bogeyman to conjure with on the international scene.

Politicians are ever more engaged with the big policy dilemmas at the heart of this issue. A search for frameworks to cope better with the large volumes of people on the move is beginning to gain traction.

This is a world of trade-offs as much as it is about big black-and-white questions, such as illegal boat landings or border fences. It is also an area evolving in stages. First there was confrontation and despair. Soon there will be a shift to the practical response. That largely rests on mechanisms to ensure as many people return to where they came from as they land in the first place.

Take, for instance, Greek Prime Minister Kyriakos Mitsotakis, who was confronted over the weekend with the question on how the earthquake in Syria and Turkey threatened a new wave of migration into Europe.

Mr Mitsotakis drew listeners back to the dark days of early 2020. The Greek borders were being tested. The Turkish frontier had a set of flash tensions around the arrivals of desperate Syrians and Iraqis. They were desperate in the sense that they saw their chance and tried for the sanctuary that had been available to migrants in the earlier crisis that dated back to 2015.

Greek police on patrol alongside a steel wall at the Evros river on the Turkish border. AP
Greek police on patrol alongside a steel wall at the Evros river on the Turkish border. AP

The comments brought back memories of Ursula von der Leyen, who took over as EU Commission President in December 2019, making solidarity visits to the eastern border of Greece, even while a pandemic swept the continent. As Mr Mitsotakis observed to a Munich Security Conference panel, the playbook of blackmail and geopolitical leverage from using the flow of people was available but could be resisted by a display of political strength in response.

Another example is UK Prime Minister Rishi Sunak, who when pressed in Munich about how post-Brexit Britain is able to work with the EU, spotlighted efforts to control migration. Stopping the tens of thousands who use the northern European coast as a jumping-off point for the UK is a bitter bone of contention in British politics. London needs to work with Europeans even as it would prefer to assert its own sovereignty at this juncture.

The UK is wrangling with the big-picture challenge of how it is out of the EU but is still, most obviously, geographically in Europe. Migration is one area that has shown up this basic fact. Mr Sunak talked about the shared interest in tackling how gangs with deep networks can be stopped by the handful of countries that are staging posts on the way to the UK.

This is a world of trade-offs as much as it is about big black-and-white questions, such as illegal boat landings or border fences

These groups have become industrialised networks. In recent weeks, I have listened to radio accounts of how German-based businesses are supplying the 30-man boats that are used as improvised cross-channel ferries. I also listened to a man who had used one of these boats to cross into the UK and then travel on via public transport to Dublin in Ireland. He was on the radio because that was the day that the Irish had run out of shelter space for new arrivals and was refusing to immediately accommodate people like him. What was missing in his story was any sense that this was a man fleeing persecution or threat.

Ylva Johansson, the EU commissioner with responsibility for migration, is the one with the hair-pulling task of trying to reconcile the genuine needs on all sides with the fight against the surge in irregular migration. The commissioner points to the need to look again at migration rules, which tend to be focused on educational, health or corporate needs. The refugee pathway in this spectrum is overshadowed by, and certainly much smaller than, the labour market component.

One tool available to the Europeans is to be more political in how this set-up is used and that means offering bigger legal routes for those seeking sanctuary.

To Ms Johansson, the current system has an unfair component, which lies at the heart of people trafficking. The strongest beat the system, not the most vulnerable. Or indeed the youngest, who can be educated and trained in ways that benefit European societies and economies.

In political terms, what the sudden spike into the tens of thousands crossing the English Channel in boats has highlighted is the need for a system that is better balanced. If there was a functioning scheme by which large numbers could be returned, from Europe, the UK and the US, the migration policies could be more easily overhauled. That would benefit from public trust, something that is lacking as the current set-up is tested so sorely.

Mr Sunak has inherited the reputationally toxic Rwanda deportation scheme, which can be expected to start operating once court hurdles have been cleared. European countries are seeking to allocate billions to Mediterranean rim countries in deals tied to migrant centres that could evolve into platforms for sending failed asylum seekers back.

Having as many going out in a system that is visible and efficient is important to how many can come in. Half-baked solutions have set back this quest. Ugly terms such as pushbacks and forcible deportation have eroded faith that the bureaucrats can find a set-up that is both just and worthwhile.

From his experience, Mr Mitsotakis stresses that domestic public faith in the system is key. He mentions returns as one pillar of an overarching solution. Whether or not it can help meet the UN Global Compact goal of enabling safe, orderly and regular migration is, in the end, the key test.

The bio

Favourite vegetable: Broccoli

Favourite food: Seafood

Favourite thing to cook: Duck l'orange

Favourite book: Give and Take by Adam Grant, one of his professors at University of Pennsylvania

Favourite place to travel: Home in Kuwait.

Favourite place in the UAE: Al Qudra lakes

SPECS
%3Cp%3EEngine%3A%20Supercharged%203.5-litre%20V6%0D%3Cbr%3EPower%3A%20400hp%0D%3Cbr%3ETorque%3A%20430Nm%0D%3Cbr%3EOn%20sale%3A%20Now%0D%3Cbr%3EPrice%3A%20From%20Dh450%2C000%0D%3Cbr%3E%3C%2Fp%3E%0A

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.”

The biog

First Job: Abu Dhabi Department of Petroleum in 1974  
Current role: Chairperson of Al Maskari Holding since 2008
Career high: Regularly cited on Forbes list of 100 most powerful Arab Businesswomen
Achievement: Helped establish Al Maskari Medical Centre in 1969 in Abu Dhabi’s Western Region
Future plan: Will now concentrate on her charitable work

Getting there

The flights

Flydubai operates up to seven flights a week to Helsinki. Return fares to Helsinki from Dubai start from Dh1,545 in Economy and Dh7,560 in Business Class.

The stay

Golden Crown Igloos in Levi offer stays from Dh1,215 per person per night for a superior igloo; www.leviniglut.net 

Panorama Hotel in Levi is conveniently located at the top of Levi fell, a short walk from the gondola. Stays start from Dh292 per night based on two people sharing; www. golevi.fi/en/accommodation/hotel-levi-panorama

Arctic Treehouse Hotel in Rovaniemi offers stays from Dh1,379 per night based on two people sharing; www.arctictreehousehotel.com

Specs

Engine: Dual-motor all-wheel-drive electric

Range: Up to 610km

Power: 905hp

Torque: 985Nm

Price: From Dh439,000

Available: Now

Updated: February 22, 2023, 9:16 AM