Dr Anwar Gargash, Minister of State for Foreign Affairs, sent a letter to the UN High Commissioner for Human Rights detailing the UAE’s concerns about Al Jazeera's promotion of extremist rhetoric. Giuseppe Cacace / AFP
Dr Anwar Gargash, Minister of State for Foreign Affairs, sent a letter to the UN High Commissioner for Human Rights detailing the UAE’s concerns about Al Jazeera's promotion of extremist rhetoric. Giuseppe Cacace / AFP
Dr Anwar Gargash, Minister of State for Foreign Affairs, sent a letter to the UN High Commissioner for Human Rights detailing the UAE’s concerns about Al Jazeera's promotion of extremist rhetoric. Giuseppe Cacace / AFP
Dr Anwar Gargash, Minister of State for Foreign Affairs, sent a letter to the UN High Commissioner for Human Rights detailing the UAE’s concerns about Al Jazeera's promotion of extremist rhetoric. Giu

Al Jazeera charts an irresponsible course


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  • Arabic

It is never a comfortable thing for a newspaper to come out against another media organisation and to argue that it has breached the limits of the freedom of opinion and reporting. But this is the offence that has been committed by the Qatar television news network, Al Jazeera. To its supporters, the matter is simple: freedom is absolute. But what purpose does it advance? The problem with Al Jazeera is that its value has been usurped in the service of very unsavoury ends.

Zeid Ra’ad Al Hussein, the UN High Commissioner for Human Rights, is mistaken in characterising the position against Al Jazeera, taken by the Arab quartet arrayed against Qatar, as “extraordinary, unprecedented and clearly unreasonable.” He may believe that the freedom to comment and to report is an end in and of itself. But that as much means freedom to hurt and harm. It is freedom to be irresponsible. We do not, of course, believe that the press should never publish or report on difficult subjects. Indeed, to shine light on the less palatable aspects of life is to help provide space for virtue. Which is why we are saddened by Al Jazeera.

Read more: UAE: Al Jazeera has gone beyond incitement to hostility and violence 

For it is hard to see what good is served by Al Jazeera providing an outlet for terrorists like Al Qaeda. For years, Al Jazeera Arabic brought Osama bin Laden’s toxic message into every Arabic-speaking home, and today it quotes from ISIL media as though it were a legitimate source of news. And then, what good does it serve when Al Jazeera allows the Muslim Brotherhood to disseminate its ideology of extremism and sedition? Or for the network to be an instrument to promote sectarianism and hatred, including anti-Semitism. Millions have died, been injured or displaced based on ideologies of hate that fester on such “legitimisation” of terror.

There is, quite simply, no good that can be mined in this seam. It is quite right that Anwar Gargash, our Minister of State for Foreign Affairs, should have sought to point this out. And as Dr Gargash explained in a letter to the UN’s Mr Al Hussein, it is his very organisation, through the Security Council, that has set precedents that we acknowledge. It has, according to Dr Gargash, “condemned – in the strongest term – the incitement of terrorist acts, and has repudiated attempts at the justification or glorification of terrorist acts that may incite further terrorist acts.” The minister further reminds Mr Al Hussein that Security Council Resolution 1624 “focussed on messages that often precede acts of terrorism. It called upon member states to ‘prohibit by law incitement to commit a terrorist act or acts; prevent such conduct; deny safe haven to any persons with respect to whom there is credible and relevant information giving serious reasons for considering that they have been guilty of such conduct.’” So no, the actions of the quartet clearly are not so “extraordinary, unprecedented and clearly unreasonable,” as Mr Al Hussein might think.

As a news organisation, we strongly advocate for the robust protection of the freedom of expression. It tethers us in our mission. Sadly, the mission as envisaged by Al Jazeera is far, far different from any that a responsible news organisation should be comfortable with.

SPECS

Nissan 370z Nismo

Engine: 3.7-litre V6

Transmission: seven-speed automatic

Power: 363hp

Torque: 560Nm

Price: Dh184,500

HIV on the rise in the region

A 2019 United Nations special analysis on Aids reveals 37 per cent of new HIV infections in the Mena region are from people injecting drugs.

New HIV infections have also risen by 29 per cent in western Europe and Asia, and by 7 per cent in Latin America, but declined elsewhere.

Egypt has shown the highest increase in recorded cases of HIV since 2010, up by 196 per cent.

Access to HIV testing, treatment and care in the region is well below the global average.  

Few statistics have been published on the number of cases in the UAE, although a UNAIDS report said 1.5 per cent of the prison population has the virus.

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.”

Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

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BMW M5 specs

Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor

Power: 727hp

Torque: 1,000Nm

Transmission: 8-speed auto

Fuel consumption: 10.6L/100km

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Skoda Superb Specs

Engine: 2-litre TSI petrol

Power: 190hp

Torque: 320Nm

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UAE currency: the story behind the money in your pockets

Chelsea 2 Burnley 3
Chelsea
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Burnley Vokes (24', 43'), Ward (39')
Red cards Cahill, Fabregas (Chelsea)

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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UAE currency: the story behind the money in your pockets
What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

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Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

Tesalam Aleik

Abdullah Al Ruwaished

(Rotana)