Sholto Byrnes is an East Asian affairs columnist for The National
December 06, 2023
Rarely has the cancellation of a political programme caused such a furore. The news that the US cable channel MSNBC is axing “The Mehdi Hasan Show”, which went out on weekends over the past three years, has made headlines around the world (including in this newspaper), and provoked a string of superlatives from across the spectrum to describe its host.
The conservative commentator Charlie Sykes, also an MSNBC contributor, has called Hasan “a once-in-a-generation talent” and “the most gifted interviewer in US media”. In Britain, where Hasan grew up and started his career, the left-wing columnist Owen Jones posted on X: “There's no better interviewer than Mehdi Hasan: forensic, razor-sharp, an encyclopaedic knowledge.”
I can’t list all the tributes, but they are fully justified. Hasan’s combative but highly informed grilling of figures such as the Israeli government spokesman Mark Regev, former US national security adviser John Bolton and Republican presidential hopeful Vivek Ramaswamy have helped to illuminate the facts and educate viewers. While his shows haven’t topped the ratings, clips have gone viral on social media, frequently being viewed many millions of times. It would be fair to say that his legions of fans around the world regard him as almost uniquely uncompromising in demanding truth from power.
We need more Mehdi Hasans, not fewer. He’ll still appear as an on-air commentator and guest host on MSNBC, but he deserves – and will surely soon regain – his own show, probably on another platform.
It must also be said that he is one of the most famous Muslim voices in the English-language global media ecosystem. It would be limiting, and unfair to Hasan’s great talents, for that to define him; but it is both significant and important. And early on in his career, it did come close to defining him, as I observed when we were colleagues at Britain’s New Statesman magazine in 2009.
The bus destroyed by a bomb in Woburn Place on July 8, 2005 in London. Up to 50 people were killed and 700 injured during morning rush hour terrorist attacks yesterday. Getty Images
At the time, among the array of regular columnists in what we still called “Fleet Street”, only two were Muslim: Yasmin Alibhai-Brown at the Independent, and Ziauddin Sardar at the Statesman. I knew and admired them both, but there was a lot of Islamophobia about in Britain – the 2005 London bombings were fresh in the collective memory – and Ms Alibhai-Brown, in particular, received a lot of abuse, not least because she compounded her religious and ethnic minority statuses with the unforgivable sin of being an outspoken woman.
So for New Statesman editor Jason Cowley to bring in Hasan, who had previously been a TV researcher and producer, as the magazine’s leading political writer was a brave hire; and to some, it was controversial, precisely because he was Muslim. When he and I both published articles calling for greater understanding of religion, especially Islam – which was truly needed in a bitterly divided time – we were attacked so vociferously and viciously that I questioned the wisdom of writing on the subject. Hasan got it far worse, but to his credit he never backed down.
Hasan has presented a valuable example of a Muslim in the West who is as articulate, educated and progressive as anyone, but will talk about his faith when he wants to
It wasn’t long before he was making regular appearances on TV shows such as the BBC’s flagship “Question Time” and making an immediate impression with his fluency, controlled passion and command of the facts. The move to presenting his own shows, first on Al Jazeera English and then MSNBC, was no surprise. Friends and foes would have to acknowledge that his skills as an interviewer and debater are of the highest order.
At the same time, he has never shied from talking about his faith. That, perhaps, has been a little unusual – but I don’t think it should be. In fact, one of the reasons I say we need more Mehdi Hasans is that I don’t believe anyone should have to “fit in” by keeping quiet about their religion (not that anyone has ever accused Hasan of keeping quiet about anything).
Religion is of huge importance – of centrality, to many – to billions on the planet. The Pew Research Centre predicts that the percentage of people with religious affiliation is set to increase by 2050, with Muslims nearly catching up with Christians as an overall percentage worldwide. In North America and Europe, Muslims are minorities that have already broken through “glass ceilings” in politics, entertainment and public life in general. But, in my view, while Christians (of course, as the majority), Hindus, Buddhists, Jewish people and others can speak freely about their beliefs, there is an unspoken preference for Muslims not to do so, or at least not so much.
That’s why I think Hasan has presented a valuable example of a Muslim in the West who is as articulate, educated and progressive as anyone, but will talk about his faith when he wants to – and demonstrate that it is entirely consistent with his values as a Briton, as a US citizen, as a man of the liberal-left and as a broadcaster searching out objective truths. That is what I believe should be normalised.
When young people across the continents watch global media on whatever platform, they have a variety of figures to inspire them, from CNN’s Christiane Amanpour and The National’s own Gavin Esler, to Simone Heng (formerly of Virgin Radio Dubai and CNBC) and even YouTubers like Mr Beast.
Many parents of Muslim children like my own two boys may also be glad, however, that they have role models with which they can feel another connection: that titans of the airwaves and internet also have names such as Fareed Zakaria, Mishal Husain, Haslinda Amin and, yes, Mehdi Hasan. And if my old colleague Mehdi can do it, maybe they can do it too – be all of who they are, wherever they are.
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.”
Emirates flies from Dubai to Phnom Penh via Yangon from Dh2,700 return including taxes. Cambodia Bayon Airlines and Cambodia Angkor Air offer return flights from Phnom Penh to Siem Reap from Dh250 return including taxes. The flight takes about 45 minutes.
The hotels
Rooms at the Raffles Le Royal in Phnom Penh cost from $225 (Dh826) per night including taxes. Rooms at the Grand Hotel d'Angkor cost from $261 (Dh960) per night including taxes.
The tours
A cyclo architecture tour of Phnom Penh costs from $20 (Dh75) per person for about three hours, with Khmer Architecture Tours. Tailor-made tours of all of Cambodia, or sites like Angkor alone, can be arranged by About Asia Travel. Emirates Holidays also offers packages.
UAE currency: the story behind the money in your pockets
1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m