Palestinian refugee Mahmoud Almansi, 79, in the West Bank refugee camp of Al Amari in 2021, where he has lived since the age of 13. A lifetime has passed since hundreds of thousands of Palestinians fled or were forced out their homes in the Middle East war over Israel’s creation in 1948.
Palestinian refugee Mahmoud Almansi, 79, in the West Bank refugee camp of Al Amari in 2021, where he has lived since the age of 13. A lifetime has passed since hundreds of thousands of Palestinians fled or were forced out their homes in the Middle East war over Israel’s creation in 1948.
Palestinian refugee Mahmoud Almansi, 79, in the West Bank refugee camp of Al Amari in 2021, where he has lived since the age of 13. A lifetime has passed since hundreds of thousands of Palestinians fl
Shelina Janmohamed is an author and a culture columnist for The National
October 19, 2023
The days are long, but the years are short. It is what parents are often told through the challenges of parenting.
That resonates particularly thinking about children in today’s chapter of history.
As I watch my own children grow, I wonder every day as anyone who interacts with children might: how will the world around them unfold, and what should their role be?
When I kiss them goodnight in their beds, warm and safe, the heart hurts to think of the thousands of children who are not so safe, and upon whose heads violence is raining down.
Mourners react next to the bodies of Palestinians killed in Israeli strikes, at a hospital in Khan Younis in the southern Gaza Strip, October 17. Reuters
Palestinians react at the site of Israeli strikes on houses, in Rafah in the southern Gaza Strip October 17. Reuters
It makes me wonder, what will children in 100 years say about the world today and what we did about it? Will they ask why we accepted as status quo situations that future generations will consider shocking? By considering such questions perhaps we can accelerate a change to eradicate and redress what may well come to be seen as the wrong side of history.
It is instructive to look back 100 years to see how even in our own purview what the status quo was once has been challenged and, in many cases, thankfully, brought to an end.
We see the radical shifts in societal attitudes that were once considered acceptable. At the beginning of the 20th century indentured servitude was practiced across the British Empire, and finally abolished in 1917 by the Gladstone Act. Women’s suffrage was only just coming on to the agenda. Even slavery was not outlawed fully until the mid-20th century. Civil rights and racial segregation in the US did not end until the 1960s. And apartheid in South Africa – with a controversial "constructive engagement" policy by the British government under Margaret Thatcher – only came to an end in 1994.
Up to 50 per cent of the world was under imperial rule 100 years ago. And 25 per cent of the world was colonies of the British Empire, ruling over 412 million people.
The imperial struggles were the backdrop to the world wars and created a carve up of the world with long legacies. The people in rooms drawing lines across the map did not have the peoples of those lands in their conversations. We find that mind-boggling now, but at the time what rights did the "natives", cast as "savages", have over their own lives and lands?
If that doesn’t provide sharp relief, then perhaps consider what we ought to have learnt. The 1918 flu pandemic led to deaths of an estimated 50 million people. In 2020, the Covid-19 pandemic reshaped our world again, and scientists have cautioned that it may not be the last global pandemic we live to see.
Along with politics, the international order and health, the shift in our relationship with global resources and climate has been paradoxical over the past century or so, but what will the children in the future make of it? In 1896, the first scientific paper about the idea of climate change was published and the facts gradually took hold. But the 20th century has also been an era of development, fossil fuel use, as well as trends like fast fashion, consumerism and products which it is cheaper to buy than to fix.
All of this makes me think, what will our children's grandchildren down the line say about present-day ethics or the way we use technology? In the way that we look back and are horrified by slavery, what will they say about our lack of support for global equality, access to education and healthcare? What will people look back and say about Palestine and Israel? What will be the condition of the earth and what choices will we be judged for when it comes to our treatment of nature and resources?
We have the power to make transformative change by addressing our behaviours, policies and asking ourselves what will children in the future make of things now, and how can we make things better for future generations? What do we need to do to deliver promises we make to them of a safe, respectful thriving future? As we kiss our children goodnight, it is something to think about.
Smoke rises after Israeli air strikes on the northen Gaza Strip, on October 17. EPA
The specs
Engine: 4.0-litre V8 twin-turbocharged and three electric motors
Tenants also require a letter of no objection from their landlord before being allowed to list the property.
There is a cost of Dh1,590 before starting the process, with an additional licence fee of Dh300 per bedroom being rented in your home for the duration of the rental, which ranges from three months to a year.
Anyone hoping to list a property for rental must also provide a copy of their title deeds and Ejari, as well as their Emirates ID.
Last six stroke-play events (First round score in brackets)
Arnold Palmer Invitational Tied for 4th (74)
The US Masters Tied for 7th (72)
The Players Championship Tied for 35th (73)
US Open Missed the cut (78)
Travellers Championship Tied for 17th (67)
Irish Open Missed the cut (72)
Cinco in numbers
Dh3.7 million
The estimated cost of Victoria Swarovski’s gem-encrusted Michael Cinco wedding gown
46
The number, in kilograms, that Swarovski’s wedding gown weighed.
1,000
The hours it took to create Cinco’s vermillion petal gown, as seen in his atelier [note, is the one he’s playing with in the corner of a room]
50
How many looks Cinco has created in a new collection to celebrate Ballet Philippines’ 50th birthday
3,000
The hours needed to create the butterfly gown worn by Aishwarya Rai to the 2018 Cannes Film Festival.
1.1 million
The number of followers that Michael Cinco’s Instagram account has garnered.
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.”
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.