Former US president Donald Trump said in February: "we reject left-wing lunacy, and in particular, we reject cancel culture". AFP
Former US president Donald Trump said in February: "we reject left-wing lunacy, and in particular, we reject cancel culture". AFP
Former US president Donald Trump said in February: "we reject left-wing lunacy, and in particular, we reject cancel culture". AFP
Former US president Donald Trump said in February: "we reject left-wing lunacy, and in particular, we reject cancel culture". AFP

When it comes to cancel culture, the right wing has the advantage


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At February's Conservative Political Action Conference in Florida, figures railed at the supposed creeping influence of "cancel culture" in American society. Former US president Donald Trump declared, "we reject left-wing lunacy, and in particular, we reject cancel culture", declaring America “uncancelled” at the conference. The alarm against "cancel culture" has been sounded by prominent figures on the right wing of American and western politics for some time now; but is this about free speech, or is something else at play?

This past fortnight, an academic at Yale University, Bandy Lee, filed a complaint against the university, alleging "unlawful termination". Her claim is that the university fired her for a tweet last January in which she characterised "just about all" of Mr Trump's supporters as suffering from a "shared psychosis", including prominent Trump supporter and right-wing lawyer Alan Dershowitz. Mr Dershowitz wrote to Yale administrators, who then fired Ms Lee. The irony is that Mr Dershowitz is the author of a book called Cancel Culture: The Latest Attack on Free Speech and Due Process, in which he bemoans an ongoing attack on free speech.

A typical narrative of "cancel culture" among the right wing goes like this: conservative values are under attack, at risk of being marginalised forever, and "cancel culture" is a front in the war to displace those values. But such a narrative misrepresents where the power to "cancel" lies – which is not with the left wing of American politics. The conflict between Ms Lee and Mr Dershowitz is just one case.

Right-wing forces have developed alternative narratives as to why their hegemony is being questioned

Powerful figures on the right are annoyed that the hegemony they have enjoyed for so long is now being questioned so vigorously and publicly on social media. But they maintain that hegemony, nonetheless. Mr Dershowitz, for example, railed against cancel culture but was happy to engage successfully in it himself. While the left is often the side with the loudest voices, power at the most prominent institutions in the West continues to be held by conservatives.

Mr Trump, for example, may have been banned from Twitter but he has not been silenced. He simply uses other media platforms to promote his message. And he was not banned from Twitter for his conservative views in any case, but because of tweets that Twitter deemed to be incitement, amid fears that the tech giant might be held liable following the storming of the US Capitol.

Supporters of Former US President Donald Trump, including Jacob Chansley, right with fur hat, confronted by US Capitol Police officers inside the Capitol in Washington, January 6. AP
Supporters of Former US President Donald Trump, including Jacob Chansley, right with fur hat, confronted by US Capitol Police officers inside the Capitol in Washington, January 6. AP

The uncomfortable reality around "cancel culture" for figures on the right is that it is often less about some kind of conspiratorial "attack" on existing conservative views and rather, simply market forces at work. What's popular is often profitable, and it has become less profitable to deny accountability in certain contexts. And indeed, it is only in certain contexts. The MeToo movement didn't eradicate sexual harassment, despite bringing to light several high-profile cases.

But because there is less impunity, right-wing conservatives are seeing that the proverbial market of ideas, which they have championed as part of capitalism, has decided that with the new generation, there is simply more profit to be made by at least feigning support for certain progressive values. It is one reason why, for example, more brands in their advertisements today include different ethnicities and minorities – because anti-racism, anti-sexism, and so forth, sells. It is also why publishers are ceasing their publishing of some Dr Seuss books because of the adverse portrayals the books have of minorities.

But instead of recognising this natural progression, right-wing forces have developed alternative narratives as to why their hegemony is being questioned, such as how Mr Trump did at the convention. Conservative writers like Bari Weiss did the same. Weiss explained her departure from the more liberal New York Times as the result of a poisonous working environment for conservatives like herself, arising from the influence of the "illiberal left" within the paper. But Weiss was never a victim forced to leave the newspaper; she left on her own accord, and multiple sources at the paper contradicted her description of an adversarial atmosphere. Other conservative writers remain.

This is precisely what invigorates so many concerns around "cancel culture". They are about developing a narrative where right-wing figures garner populist support, particularly among audiences that fear progressive forces that challenge the status quo. The irony is that the right wing remains at a tremendous advantage in terms of power, but it is still terrified.

People getting fired for harassment is not "cancel culture". It is upholding a company’s duty under the law to protect its employees from unwanted aggravation. Companies choosing to discontinue certain products as a result of loss of popularity is not "cancel culture". It is the market at work. And that disturbs a large swathe of the right wing, because it shows that the power dynamics in their societies are changing, even if minutely. That fear about power shifting, even if the shift is so small, is far more relevant than “cancel culture”.

Dr HA Hellyer, a Carnegie Endowment scholar, is a senior fellow at the Royal United Services Institute and Cambridge University

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Number of Chinese people in International City: Almost 50,000

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Daily visitors to Dragon Mart in 2010: 20,000

Percentage increase in visitors in eight years: 500 per cent

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.”

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The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

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180 Petrofac employees laid off in the UAE

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The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

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Tonight's Chat is a series of online conversations on The National. The series features a diverse range of celebrities, politicians and business leaders from around the Arab world.

Tonight’s Chat host Ricardo Karam is a renowned author and broadcaster who has previously interviewed Bill Gates, Carlos Ghosn, Andre Agassi and the late Zaha Hadid, among others.

Intellectually curious and thought-provoking, Tonight’s Chat moves the conversation forward.

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Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO

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Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed

Stage: early-stage startup 

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