The city is emerging as the dominant form of human organisation. Migration to urban centres is on the rise, as the cities of East Africa, South Asia and Latin America experience historic population booms. For the first time in history, more than half of humanity now lives in cities. The knowledge economy, smartphone revolution and app economy are all dependent on cities as their Petri dish for experimentation and refinement. Urbanism, as a mainstream and not merely academic topic, has never been so popular. From the pages of Monocle to the Los Angeles Times, cities and urban life have been heralded as the ultimate form of human organisation and a subject of intense focus.
The independence movements in Catalonia and Kurdistan can also be analysed from this urbanist angle, albeit in different ways. Without the economic power that Barcelona exerts in Spain and beyond, would the Catalan regional government have come this far in its push for independence? Doubtful. Yet, the exact economic price of independence has been lost on the average Catalan. If independence is achieved, the newly established country would wake up on the outside of the European Union, without a currency and facing difficult World Trade Organisation negotiations that will wreak havoc on the economy. For the residents of Barcelona, some reporters have found, the idea of secession from Spain is much more complex than an exercise of simple jingoism.
Yet this has not stopped some from embracing the tantalising prospect of Barcelona as the capital city of the world's youngest country. According to recent surveys, the Catalan capital is the fifth most attractive city in Europe for foreign investors, beating Frankfurt, Madrid and Dublin. It is also one of the most visited tourist destinations in Europe and the most popular in Spain, drawing more than 10 million visitors a year. The city of Gaudi and Spanish resistance to Franco has also established itself as an international tech hub, attracting startups from across the world and playing host to the annual Mobile World Congress. Independence will come with a big price tag for Barcelona and, regardless of how the city will bounce back in decades to come, residents appear more concerned than their countryside competitors.
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The city debate also features in Kurdish calculations for independence. Since the fall of Saddam Hussein more than a decade ago, the Kurds have made urbanism a core part of their push to create an independent country. As a result, Erbil, the capital city of the Kurdish Regional Government, has seen an influx of foreign direct investment mostly linked to the region's oil industry.
Erbil's airport has quickly became one of the busiest in Iraq, serving destinations from Europe to the Middle East and allowing the city to become a home base for international aid organisations, journalists and construction companies. Although nowhere close to the role that Barcelona plays in Catalonia, the rapid urbanisation of Erbil over the last decade is a blueprint of how the Kurds could establish a viable state if independence is achieved.
While these two examples couldn't be more different, they point to the outsized role cities play in the global marketplace. This narrative has rekindled debates about the return of the city-state. Writing in the British journal Aeon, Jamie Bartlett argued that "the nation-state with its borders, centralised governments, common people and sovereign authority is increasingly out of step with the world". The widely shared article noted that nation-states will not collapse overnight but city-states with sovereignty such as Singapore are better positioned to handle our era's unique challenges, such as migration and shifting understandings of identity.
The idea is attractive. City-states, after all, are a much older form of governance than the nation-state, which blends notions of shared identity and political sovereignty. Yet, the independence pushes in Catalonia and Kurdistan underline the need for centralised authority in the maintenance of successful cities – at least in this moment. Barcelona is able to grow, attract and mature because of its place in a larger nation. While Singapore is a tempting example, the fact is that it is unique with few other places of scale like it.
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There is, however, a happy medium and it can be found in Dubai. The city is often discussed in the same breath as Singapore and Hong Kong but its model is unique. It has limited sovereignty over its administration and financial systems, but it is also part of a larger country (thanks to the federated construction of the UAE). In this way Dubai operates more like a canton than a city-state.
The city has invested in infrastructure designed to connect it firmly with the rest of world. From a global airline to international shipping ports, Dubai’s evolution as a global city is one blueprint for how cities around the world will soon be interconnected and come to supersede national politics in favour of global concerns.
Without the tension associated with administering a nation-state, Dubai has focused on making itself a crossroads for the world. It is a place where the global middle class converges, trades and exchanges ideas. This hybrid form of autonomy might well be the necessary ingredient for this period of transition from nation-states to city-states.
Joseph Dana is the editor-in-chief of emerge85 Lab, a project exploring change in the emerging world and its global impact
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
If you go
The flights
Emirates and Etihad fly direct to Nairobi, with fares starting from Dh1,695. The resort can be reached from Nairobi via a 35-minute flight from Wilson Airport or Jomo Kenyatta International Airport, or by road, which takes at least three hours.
The rooms
Rooms at Fairmont Mount Kenya range from Dh1,870 per night for a deluxe room to Dh11,000 per night for the William Holden Cottage.
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Sonchiriya
Director: Abhishek Chaubey
Producer: RSVP Movies, Azure Entertainment
Cast: Sushant Singh Rajput, Manoj Bajpayee, Ashutosh Rana, Bhumi Pednekar, Ranvir Shorey
Rating: 3/5
More on animal trafficking
How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
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if you go
The flights
The closest international airport to the TMB trail is Geneva (just over an hour’s drive from the French ski town of Chamonix where most people start and end the walk). Direct flights from the UAE to Geneva are available with Etihad and Emirates from about Dh2,790 including taxes.
The trek
The Tour du Mont Blanc takes about 10 to 14 days to complete if walked in its entirety, but by using the services of a tour operator such as Raw Travel, a shorter “highlights” version allows you to complete the best of the route in a week, from Dh6,750 per person. The trails are blocked by snow from about late October to early May. Most people walk in July and August, but be warned that trails are often uncomfortably busy at this time and it can be very hot. The prime months are June and September.
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Match info
Liverpool 3
Hoedt (10' og), Matip (21'), Salah (45 3')
Southampton 0
How to watch Ireland v Pakistan in UAE
When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.
SERIES SCHEDULE
First Test, Galle International Stadium
July 26-30
Second Test, Sinhalese Sports Club Ground
August 3-7
Third Test, Pallekele International Stadium
August 12-16
First ODI, Rangiri Dambulla Stadium
August 20
Second ODI, Pallekele International Stadium
August 24
Third ODI, Pallekele International Stadium
August 27
Fourth ODI, R Premadasa Stadium
August 31
Fifth ODI, R Premadasa Stadium
September 3
T20, R Premadasa Stadium
September 6
Killing of Qassem Suleimani
Squid Game season two
Director: Hwang Dong-hyuk
Stars: Lee Jung-jae, Wi Ha-joon and Lee Byung-hun
Rating: 4.5/5
Pros%20and%20cons%20of%20BNPL
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COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
Killing of Qassem Suleimani
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.”
Mica
Director: Ismael Ferroukhi
Stars: Zakaria Inan, Sabrina Ouazani
3 stars
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UAE currency: the story behind the money in your pockets