Members of the Abed family warm up by a fire in a displacement camp in southern Gaza. Muslim communities in Palestine will try to celebrate Ramadan as best they can. AP
Members of the Abed family warm up by a fire in a displacement camp in southern Gaza. Muslim communities in Palestine will try to celebrate Ramadan as best they can. AP
Members of the Abed family warm up by a fire in a displacement camp in southern Gaza. Muslim communities in Palestine will try to celebrate Ramadan as best they can. AP
Members of the Abed family warm up by a fire in a displacement camp in southern Gaza. Muslim communities in Palestine will try to celebrate Ramadan as best they can. AP


Ramadan 2025: a time for reflection and solidarity


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  • Arabic

February 28, 2025

As millions of Muslims prepare to welcome the arrival of Ramadan, many will use this annual opportunity for spirituality and self-reflection to act out the humanitarian virtues intrinsic to Islamic teachings. Increases in donations, volunteering and other charitable works reflect the fact that many people take the holy month to put others first.

Such renewed focus on helping those in need comes at a timely moment because although some societies in the Middle East are moving tentatively away from protracted conflict, too many others are still blighted by war.

It is true that in some parts of the region right now, there are signs of new beginnings. Millions of Muslims in Syria will celebrate Ramadan in a country no longer under the rule of the Assad family. In neighbouring Lebanon, Muslims there will observe the holy month at a time when it appears the new government might not only begin rebuilding cities and communities affected by war, the nation as a whole might turn the page of decades of internal division. However, other countries are still mired in conflict.

Millions of Yemenis remain impoverished and malnourished as the country’s Houthi rebels abdicate responsibility by refusing to care for their own people. In Sudan, almost two years of civil war continues to upend the lives of millions through violence and displacement; this week, Unicef warned that famine is pushing children to the brink of starvation in the war-torn nation. Meanwhile in Palestine, communities will try to observe Ramadan the best they can in the teeth of continuing adversity amid uncertainty about a fragile ceasefire in the ruined Gaza Strip and a violent Israeli escalation in the West Bank. Concerns about access to the Al Aqsa Mosque in Jerusalem are as troubling as ever.

Such hardships highlight the need to build on compassion and concern for others, which are core Islamic values. Many people are rising to the challenge; from providing meals for the needy to enabling supportive conditions in schools, the UAE is preparing for the holy month. The National spoke to several UAE residents who planned to avoid excess and shop with purpose this year. These kinds of individual conscientious choices are matched by many nationwide charitable campaigns aimed at alleviating suffering at home and abroad.

Islamic principles of solidarity and justice must be built upon – and the beginning of the holy month is a good time to start

However, much more needs to be done – especially at the international level. In an exclusive interview with The National this week, Tom Fletcher, the UN’s top humanitarian official described aid cuts by various nations as a “punch in the gut” that has left the humanitarian system under severe strain. The continuing hostility directed at UNRWA – the UN’s agency for Palestinian refugees – is another sobering example of the breakdown in the global consensus on helping vulnerable people no matter the circumstances.

Given this context, the beginning of Ramadan is an opportune moment to highlight and celebrate those individuals, charities and governments that will use this time to help those who need it. From meeting people’s immediate humanitarian needs in Palestine, Yemen and Sudan to offering support for longer-term post-conflict plans, Islamic principles of solidarity and justice must be built upon – and the beginning of the holy month is a good time to start.

War and the virus
The Details

Kabir Singh

Produced by: Cinestaan Studios, T-Series

Directed by: Sandeep Reddy Vanga

Starring: Shahid Kapoor, Kiara Advani, Suresh Oberoi, Soham Majumdar, Arjun Pahwa

Rating: 2.5/5 

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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Guide to intelligent investing
Investing success often hinges on discipline and perspective. As markets fluctuate, remember these guiding principles:
  • Stay invested: Time in the market, not timing the market, is critical to long-term gains.
  • Rational thinking: Breathe and avoid emotional decision-making; let logic and planning guide your actions.
  • Strategic patience: Understand why you’re investing and allow time for your strategies to unfold.
 
 
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Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.

Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.

Group D: Flamengo, ES Tunis, Chelsea, Leon.

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

Group G: Manchester City, Wydad, Al Ain, Juventus.

Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.

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Updated: March 01, 2025, 2:06 PM