Rev Jesse Jackson pictured during his 1984 US presidential campaign in Chicago. He defended Arab-American participation in political coalitions that had tried to exclude them. Getty
Rev Jesse Jackson pictured during his 1984 US presidential campaign in Chicago. He defended Arab-American participation in political coalitions that had tried to exclude them. Getty
Rev Jesse Jackson pictured during his 1984 US presidential campaign in Chicago. He defended Arab-American participation in political coalitions that had tried to exclude them. Getty
Rev Jesse Jackson pictured during his 1984 US presidential campaign in Chicago. He defended Arab-American participation in political coalitions that had tried to exclude them. Getty


Jesse Jackson's presidential runs paved the way for Arab Americans in US politics


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April 21, 2023

Forty years ago, I was at an Arab-American dinner event with Rev Jesse Jackson when he leaned over and said to me, “I’m running for president and I want you to join my campaign staff.” My immediate reaction was to be honoured, yet conflicted.

I was in my fourth year as executive director of the American-Arab Anti-Discrimination Committee (ADC), a group I had co-founded in 1980 with former senator James Abourezk. And so, I responded, “I have to think about this. I’ve spent the last four years organising my community and I’m not sure I can give it up right now.” His reply, which I’ll never forget, was simple and direct: “We’ll do more for your community in the next four months than you have been able to do in the last four years.”

The community’s relationship with Rev Jackson began in the 1970s, when he, like so many other black civil rights leaders, embraced the cause of Palestinian rights and defended Arab-American participation in political coalitions that had tried to exclude them. Our 1979 Palestine Human Rights Campaign (PHRC) convention featured two prominent leaders of Martin Luther King’s Southern Christian Leadership Conference. They had just returned from Lebanon where they had met Yasser Arafat, who was protesting against America’s “no talk” policy with the Palestine Liberation Organisation. The convention also featured Rev Jackson, who was leaving the next day to visit Arafat.

Although the PHRC and ADC had been successful in building coalitions with black, Latino and US peace organisations to seek justice for Palestinians, our path to political empowerment had been blocked — principally by pro-Israel groups who saw us as a threat.

Palestinian leader Yasser Arafat clasps hands with Rev Jesse Jackson in Ramallah. Getty
Palestinian leader Yasser Arafat clasps hands with Rev Jesse Jackson in Ramallah. Getty

Political candidates who had held Arab-American fundraising events, returned the contributions when challenged for taking “Arab money”. Some campaigns were pressured to fire Arab-American staff. Other candidates and some political coalitions and parties rejected Arab-American endorsements and involvement in their efforts.

After much with discussion with my wife and Abourezk (who was supporting former senator George McGovern), I decided to take the position as deputy manager of Rev Jackson’s 1984 campaign. I was able to hire a young Arab American to work in the campaign office, and travelled the country organising events and raising funds.

Because Rev Jackson’s 1984 race was the first-ever major presidential campaign to welcome Arab Americans by name, it generated tremendous excitement in the community. Rallies were huge and enthusiastic, and the fundraising was significant.

I remember speaking with Rev Jackson in California, just before the state’s primary contest. He had just finished a multi-city campaign swing that featured events with Arab Americans in each location. He said to me: “I think your community has crossed the threshold of acceptance. After every fundraiser up until recently, the press would report ‘Jackson raises Arab money.’ But after the last few, there were no stories at all. It was just another fundraiser.”

Rev Jackson’s 1984 race was the first-ever major presidential campaign to welcome Arab Americans by name

We elected four Arab-American delegates to the 1984 San Francisco convention, and I was asked to deliver one of the speeches putting Rev Jackson’s name forward for nomination. It was an honour to be the first Arab American to speak at a convention and I used the opportunity to discuss the history, diversity, and contributions of my community to the United States.

Months later, a small group of us launched the Arab American Institute to build on the lessons we learnt during the 1984 campaign. We decided to focus our work on voter registration and mobilisation, supporting Arab Americans who ran for office, and bringing Arab-American concerns into the political arena.

By 1988, when Rev Jackson ran a second time, the fruits of our labour were already in evidence. We elected 55 delegates to that year’s convention, passed resolutions supporting a balanced US policy recognising Palestinian rights in 10 states, succeeded in raising Lebanon and condemning negative bias against Arabs and Arab Americans in the Democratic Party. We also held the first national debate on Palestinian rights from the podium of the convention.

In the decades since then, Arab Americans have seen an even more profound transformation in our community’s empowerment and capacity to make change. In cities where they were once shunned or ignored, people have elected Arab-American mayors who have joined hundreds of others elected to local, state and federal posts. Arab Americans now see public service as a career and while some still face challenges because of their ethnicity, or even their political views, these challenges are almost always rejected out of hand.

What we have also discovered is that political empowerment opens other doors. We have learned, for example, that when you are weak, others are able to define you and cause you to be shunned. But as you gain strength, you are respected and can define yourself. As a result, Arab Americans have come to play a leading role in civil rights, multi-ethnic, and peace and justice coalitions that once rejected us. Likewise, our input is now sought in how to portray Arabs in the media and how to teach Arab history and culture.

Challenges, of course, remain, but our path to progress has been crowned this year with President Joe Biden’s issuance of a first-ever formal proclamation of Arab American Heritage Month and with events that will celebrate the 80 Arab Americans who serve in this administration, an evening celebrating Arab culture, and a White House-hosted policy forum with Arab-American leaders.

It is without exaggeration to say that the path to Arab-American political empowerment began with Rev Jackson’s improbable but momentous 1984 presidential campaign. His slogan that year was: “Our time has come.” It was interpreted by some as being directed at African Americans but Arab Americans embraced it as their own call to empowerment. Four decades later, in communities across the country, we see a new generation building on the progress that has been made — still growing and prospering, and making it clear that “our time is now.”

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.”

Updated: April 21, 2023, 7:41 AM