This past fortnight, a man was charged by the UK authorities in connection to a terrorist plot to assassinate a lawyer at his office in London.
The man was clearly identified as an ideological extremist. If he had been a person of colour and a Muslim, it is likely that the incident would have received significant media attention, with British Prime Minister Boris Johnson perhaps even visiting the law firm in solidarity.
But the man was a white supremacist, who was attacking immigration lawyers, following increased rhetoric only days earlier against "activist lawyers" by UK Home Secretary Priti Patel.
The Guardian newspaper reported comments from someone with knowledge of the case as saying: "If you had a dubious politician abroad inciting hatred and then a UK terror incident was traced back to what this politician had said, then you can only imagine the measures that would be taken."
It is a sobering thought.
Indeed, when extremist Islamist terror attacks take place, the immediate response from politicians has often been to see where the discourse underpinning such violence has been coming from, and to problematise it accordingly.
This may be the case even if the discourse isn’t itself inciting violence. In this case, the situation is rather more complicated, partly because it is the UK Home Secretary herself who was using her privileged platform to criticise the lawyers.
None of this should be taken to mean that Ms Patel is responsible for the attempted attack. There are likely to be many reasons why the perpetrator opted to take this course of action.
Also, Ms Patel wasn’t calling for violence. Nonetheless, there remain two issues of importance: the first is the duty of those in positions of authority to engage in responsible rhetoric, knowing that their speech may have unintended consequences. The other is to recognise that white supremacists are a far greater threat than we are willing to concede.
Clearly, many do not take that threat seriously enough. Even after the attempted attack, Ms Patel continued to dabble in rhetoric against the legal profession – even after the lord chancellor and attorney general directly warned her against it.
The situation worsened. Not only did Ms Patel intensify her discourse but Mr Johnson declared that the justice system was facing obstacles from within “by lefty human rights lawyers”.
Considering the attempted terrorist attack against a lawyer only days before – for ideological reasons not so far disconnected from such oratory – this was irresponsible, to say the least.
But it is not simply in the UK where the threat from white supremacists is underestimated. According to a recent report by the Centre for Strategic and International Studies in Washington, white supremacists were behind most domestic terrorist attacks in the US this year.
Yet, when confronted with the issue of far-right wing groups during a presidential debate, US President Donald Trump refused to condemn a well-known far-right group and tried, instead, to refocus attention on left-wing groups. Indeed, Mr Trump directed the "Proud Boys" to "stand down and stand by".
In light of this, the International Crisis Group, a non-partisan global research group dedicated to the de-escalation of violence, issued a statement: “As US elections approach, extremist activity, the potential for contestation and President Donald Trump’s refusal to commit to transferring power peacefully raise concerns about possible violence. State and local officials should ensure that voting proceeds fairly, while foreign leaders should urge respect for democratic norms.”
The "extremist activity" noted here should give all of us pause.
It is not clear if the ICG has ever issued a statement like this. But the threat of the far-right remains deeply concerning, not just because the far-right exists, but because so much of its rhetoric is tolerated – even promoted – by portions of the mainstream.
When politicians mirror the discourse of extremists, they may not be directly responsible for the violence that extremists perpetrate, but they are certainly shirking their duties as leaders and fanning flames.
There are many possible, if unintended, consequences of such negligent behaviour, and we should not have to wait for disasters before calling out politicians to end their inflammatory rhetoric.
Dr H A Hellyer is a senior associate fellow at the Royal United Services Institute (RUSI) in London and the Carnegie Endowment for International Peace in Washington DC
Test series fixtures
(All matches start at 2pm UAE)
1st Test Lord's, London from Thursday to Monday
2nd Test Nottingham from July 14-18
3rd Test The Oval, London from July 27-31
4th Test Manchester from August 4-8
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.”
What She Ate: Six Remarkable Women & the Food That Tells Their Stories
Laura Shapiro
Fourth Estate
Schedule:
Friday, January 12: Six fourball matches
Saturday, January 13: Six foursome (alternate shot) matches
Sunday, January 14: 12 singles
The specs: 2018 Honda City
Price, base: From Dh57,000
Engine: 1.5L, in-line four-cylinder
Transmission: Continuously variable transmission
Power: 118hp @ 6,600rpm
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Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
How much do leading UAE’s UK curriculum schools charge for Year 6?
- Nord Anglia International School (Dubai) – Dh85,032
- Kings School Al Barsha (Dubai) – Dh71,905
- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
*Annual tuition fees covering the 2024/2025 academic year
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Defence review at a glance
• Increase defence spending to 2.5% of GDP by 2027 but given “turbulent times it may be necessary to go faster”
• Prioritise a shift towards working with AI and autonomous systems
• Invest in the resilience of military space systems.
• Number of active reserves should be increased by 20%
• More F-35 fighter jets required in the next decade
• New “hybrid Navy” with AUKUS submarines and autonomous vessels
Lampedusa: Gateway to Europe
Pietro Bartolo and Lidia Tilotta
Quercus
Jetour T1 specs
Engine: 2-litre turbocharged
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Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants
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more from Janine di Giovanni
The Vile
Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah
Director: Majid Al Ansari
Rating: 4/5
Real estate tokenisation project
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.
Quick pearls of wisdom
Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”
Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.”