The US elections are upon us again. Regardless of whether Joe Biden or Donald Trump wins, there is a looming danger. This ideological monster is precipitated by the rise of far-left politicians and activists in the West, many of whom come from Muslim backgrounds and exploit that identity for their leftist cause. These individuals and the movement they have helped build seek radical changes in Washington DC, London and Middle Eastern capitals, too.
I have nothing personal against the mainstream left. I was a member of the UK Labour Party, and for three years I was an adviser to former Labour prime minister Tony Blair. I believe societies need a robust political centre-left and centre-right in order to produce the creative friction that propels us forward.
On the left and right, there are examples of political actors who have leveraged their Muslim backgrounds constructively to foster peaceful co-operation. Former US secretary of state Hillary Clinton’s adviser, Huma Abedeen, a Democrat, was one such person. On the conservative side, American activist Suhail A Khan was a staffer in Republican president George W Bush’s White House. He was instrumental in organising Mr Bush’s visit to a mosque right after the 9/11 attacks. But that centrist, sensible influence is giving way to a new idea of Muslim political engagement, from university campuses to Congressional caucuses.
In the November 2000 US presidential elections, 70 per cent of American Muslims surveyed voted for President George W Bush. Muslim support for President Trump has doubled in 2020 compared with a year ago, but still only 30 per cent of Muslims are willing to vote for him. With 3.5 million Muslims in America, concentrated in swing states of Florida, Pennsylvania, Michigan, Ohio and Texas, they can swing the election result. Little wonder, then, that Mr Biden has been busy campaigning among Muslim Americans.
Prominent Muslim Congresswoman Ilhan Omar has endorsed Joe Biden. That Mr Biden said “inshallah” in a televised debate had some activist Muslims in outbreaks of joy online. But he knows that Ms Omar’s support, as a supposed role model for young American Muslims, is not unconditional.
Ms Omar is part of the "Squad” – a group of Congresswomen that also includes Palestinian-American Rashida Tlaib, African-American Ayanna Pressley and Latin-American Alexandria Ocasio-Cortez (popularly known as “AOC”).
What unites the Squad? These American lawmakers represent three trends.
First, they are an intersection of interests and opinions that seeks to undo the intellectual scaffolding of the modern West and the civilisational alliances it has with its allies in the Middle East.
America is an idea. It is about the free individual, powered by human reason, and citizenship based on the content of one’s character, and not the colour of one’s skin, as Martin Luther King, Jr beautifully encapsulated it. No religion or collectivist interest is paramount above the nation state and its laws.
This settlement that makes America so special is being slowly uprooted by poisonous identity politics, some of which the Squad represent. When they are under fire for their policy positions on the economy or immigration, rather than engage in reasoned debate, they will often hide behind protest politics of being “women of colour”. To question Ilhan Omar is to be accused of “Islamophobia”. Labels trump logic.
Second, the Squad are the tip of an iceberg that has been building among the far left on campuses and communities across America and Europe since 9/11. A strategic alliance between supporters of political Islam has found common cause with the political far left. This intersection has put aside their deep divergences on God, religion, family, homosexuality and the role of women and united their activist base on campuses and community hubs in their shared hatred for Western history and capitalism.
This counterintuitive union, which I have called the “Red-Green Alliance”, is similar to the revolutionary mindset that saw Iranian left-Islamists come together before 1979 with the encouragement of the French philosopher Michel Foucault. In Britain, Jeremy Corbyn, the former Labour party leader, had a similar Red-Green alliance last year with a view to winning the general election with 30 Muslim-influenced constituencies – only to lose disastrously.
But when push comes to shove, Islamism and “wokeness” do not mix. Iran’s Islamists killed thousands and exiled leftists. In Gaza, Hamas hanged leftists from tall buildings. Ask Egyptian feminists how the Islamists in Egypt treated them after the 2011 uprisings. Islamists debated in Parliament to reduce the age of consent for marriage for women from 18 to nine.
When push comes to shove, Islamism and 'wokeness' do not mix
Third, the Red-Green Alliance wants to tear down the alliances of safety and stability that America and the West have supported in the Middle East. Ms Omar has repeatedly attacked Egypt and the Gulf states. Yet the real risks of a Muslim Brotherhood-led sexist, homophobic and anti-Semitic government in Libya or Sudan have not seemed to trouble her and her allies.
Occasionally, however, the mask slips. Ms Omar has been forced to apologise by Nancy Pelosi for using anti-Semitic references in comments about the pro-Israel lobby. Her laughter at Americans’ fears of Al Qaeda caused outrage. Ms Tlaib, for her part, has been an outspoken proponent of boycotts and sanctions against Israel.
No country is perfect, of course. But for a movement that appears to have such a deep interest in the Middle East, why is the Red-Green Alliance silent on Iran’s fascist government? Where is its condemnation of Tehran’s support for terrorism in Syria, Bahrain, Yemen, Lebanon and Saudi Arabia? What has it said of assassination attempts by the Iranian regime in Europe and Washington? Not a word.
This strategy of putting community before country and ideology before national interests will cause a furious backlash. The Red-Green Alliance will continue to agitate in Washington and to grow on campuses. They will take over the Democratic party as their British comrades did Labour.
Ultimately, they will lose because, as Margaret Thatcher warned, “the facts of life are conservative”. But in the process of their defeat, this movement for identity-based communal politics will do immense damage.
The far right is rising, at least in part, in reaction to the far left. With this comes a higher risk of reactionary Islamophobia, and new challenges for Arab leaders looking to engage with the West. In its revolutionary fervour, the Red-Green Alliance will help the cause of regressive Islamist revolutionaries in the Middle East.
Will Joe Biden and his running mate Kamala Harris confront this psychosis? Former president Barack Obama, concerned by this new political culture, lashed out at the new activism in comments at his foundation’s annual summit last October. “That's enough,” he said. “If all you're doing is casting stones, you are probably not going to get that far.”
Ed Husain is author of The House of Islam: a Global History and a columnist at The National
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
Petrarch: Everywhere a Wanderer
Christopher Celenza,
Reaktion Books
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What drives subscription retailing?
Once the domain of newspaper home deliveries, subscription model retailing has combined with e-commerce to permeate myriad products and services.
The concept has grown tremendously around the world and is forecast to thrive further, according to UnivDatos Market Insights’ report on recent and predicted trends in the sector.
The global subscription e-commerce market was valued at $13.2 billion (Dh48.5bn) in 2018. It is forecast to touch $478.2bn in 2025, and include the entertainment, fitness, food, cosmetics, baby care and fashion sectors.
The report says subscription-based services currently constitute “a small trend within e-commerce”. The US hosts almost 70 per cent of recurring plan firms, including leaders Dollar Shave Club, Hello Fresh and Netflix. Walmart and Sephora are among longer established retailers entering the space.
UnivDatos cites younger and affluent urbanites as prime subscription targets, with women currently the largest share of end-users.
That’s expected to remain unchanged until 2025, when women will represent a $246.6bn market share, owing to increasing numbers of start-ups targeting women.
Personal care and beauty occupy the largest chunk of the worldwide subscription e-commerce market, with changing lifestyles, work schedules, customisation and convenience among the chief future drivers.
Why it pays to compare
A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.
Route 1: bank transfer
The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.
Total cost: Dh567.25 - around 2.9 per cent of the total amount
Total received: €4,670.30
Route 2: online platform
The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.
Total cost: Dh74.10, around 0.4 per cent of the transaction
Total received: €4,756
The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.
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.”
Skoda Superb Specs
Engine: 2-litre TSI petrol
Power: 190hp
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Tips for taking the metro
- set out well ahead of time
- make sure you have at least Dh15 on you Nol card, as there could be big queues for top-up machines
- enter the right cabin. The train may be too busy to move between carriages once you're on
- don't carry too much luggage and tuck it under a seat to make room for fellow passengers
If you go...
Flying
There is no simple way to get to Punta Arenas from the UAE, with flights from Dubai and Abu Dhabi requiring at least two connections to reach this part of Patagonia. Flights start from about Dh6,250.
Touring
Chile Nativo offers the amended Los Dientes trek with expert guides and porters who are met in Puerto Williams on Isla Navarino. The trip starts and ends in Punta Arenas and lasts for six days in total. Prices start from Dh8,795.
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The biog
Year of birth: 1988
Place of birth: Baghdad
Education: PhD student and co-researcher at Greifswald University, Germany
Hobbies: Ping Pong, swimming, reading
Key products and UAE prices
iPhone XS
With a 5.8-inch screen, it will be an advance version of the iPhone X. It will be dual sim and comes with better battery life, a faster processor and better camera. A new gold colour will be available.
Price: Dh4,229
iPhone XS Max
It is expected to be a grander version of the iPhone X with a 6.5-inch screen; an inch bigger than the screen of the iPhone 8 Plus.
Price: Dh4,649
iPhone XR
A low-cost version of the iPhone X with a 6.1-inch screen, it is expected to attract mass attention. According to industry experts, it is likely to have aluminium edges instead of stainless steel.
Price: Dh3,179
Apple Watch Series 4
More comprehensive health device with edge-to-edge displays that are more than 30 per cent bigger than displays on current models.
THE BIO
Favourite place to go to in the UAE: The desert sand dunes, just after some rain
Who inspires you: Anybody with new and smart ideas, challenging questions, an open mind and a positive attitude
Where would you like to retire: Most probably in my home country, Hungary, but with frequent returns to the UAE
Favorite book: A book by Transilvanian author, Albert Wass, entitled ‘Sword and Reap’ (Kard es Kasza) - not really known internationally
Favourite subjects in school: Mathematics and science
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory