As many as 290,000 Rohingya have now fled Myanmar. Getty Images
As many as 290,000 Rohingya have now fled Myanmar. Getty Images
As many as 290,000 Rohingya have now fled Myanmar. Getty Images
As many as 290,000 Rohingya have now fled Myanmar. Getty Images

Outrage, shallow populism and symbolic gestures will not help the Rohingya


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Earlier this week, the United Nations human rights chief, Zeid Ra'ad Al Hussein, gave his assessment of the plight of the Rohingya. "The situation seems a textbook example of ethnic cleansing," Mr Al Hussein said. That such a statement can still be made in 2017 – and it is certainly not hyperbole – is quite telling. And yet, the way in which we now approach the disastrous condition of the Rohingya Muslims remains problematic.

There are those who try to minimise the campaign against the Rohingya in an effort to shore up support for the erstwhile leader of Myanmar, Aung San Suu Kyi, whom they consider to be the best hope for Myanmar. At least such parties are clear about their own priorities. But for those who sympathise with the Rohingya, Ms Suu Kyi is the object of outrage and calls have been made to strip her of her Nobel Peace Prize, among other things. Perhaps, however, the outrage is somewhat misplaced. Not that it is not deserved, but because the outrage is probably best placed elsewhere.

Besides, there is no mechanism to remove the prize. If there were, Ms Suu Kyi would certainly be undeserving of it, but it would hardly help the Rohingya to have it taken from her. It might make a lot of people in the international community feel better, but how that would help them remains unclear.

The Rohingya Muslims are being brutalised in a disgraceful fashion, but the international community seems to have little in the way of a plan of action to deal with it. That inept and incompetent approach is also not an accident. The displacement and abuse of the Rohingya has been an issue raised by many in the international community for years, but little has resulted from these calls. Azeem Ibrahim, the British writer, published The Rohingyas: Inside Myanmar's Hidden Genocide a year ago. Numerous reports have been issued since then. The international community cannot feign ignorance.

Yet instead, far too much attention seems to be focused on the Nobel Peace Prize laureate, as though the international community judged her to be a saint, and discovered, instead, that she was a politician with her own prejudices.

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Read more on the Rohingya 

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It isn't that she has no role to play: she does. Other peace laureates have called on her to decry the abuses carried out against the Rohingya, including Desmond Tutu of South Africa and Muhammad Yunus in this newspaper's pages just this week. But here is the rub. Ms Suu Kyi has little to no real motivation in this regard. Internationally, her reputation is actually probably damaged beyond repair. Even if she were to change tack now, she wouldn't regain her global popularity. And domestically, she would gain very little. It doesn't appear that domestic popular opinion is particularly opposed to the mistreatment of the Rohingya. If anything (and this is difficult to measure with precision), the evidence is to the contrary. Populism can deliver some very troubling results, and not just in Myanmar, as we can all see to varying degrees.

The Rohingya issue has become one of great angst, but with little in the way of actual changes in policy. Are all members of the international community offering, for example, to house refugees from Myanmar until they can return home? Or do statements suffice?

There is a precedent for this type of shallow populism, of course. For several generations, various leaders in the Arab region have raised the banner of Arab unity and insisted that the Palestine question must be resolved fairly. But when it comes to the question of providing rights and protections for Palestinian refugees who have been forced to leave and reside in other countries in the region, far too many administrations and authorities have made their lives incredibly difficult. The irony, of course, is that those same authorities proclaim their fealty to the cause, while making the lives of Palestinians under their own control miserable.

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More on Myanmar in Opinion

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Is that the kind of fate that is to now face the Rohingya, where their lives and their well-being must be paid lip-service to in order to satisfy our own feelings of outrage, but where actual policies are rather far and few between? That instead of doing anything concrete to change their lives, energy and attention is given to symbolic issues (such as insisting Ms Suu Kyi be stripped of her Nobel Peace Prize)?

It is at times like these that the very idea of an international community is questioned. And the failings of the international system are always paid for by the weakest and the most vulnerable. The Rohingya Muslims of Myanmar deserve far better.

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Cyclists must wear a helmet, arm and knee pads

Have a white front-light and a back red-light on their bike

They must place a number plate with reflective light to the back of the bike to alert road-users

Avoid carrying weights that could cause the bike to lose balance

They must cycle on designated lanes and areas and ride safe on pavements to avoid bumping into pedestrians

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Mohammed Abukhater, vice president at FireEye in the Middle East, said:

- Keep device software up-to-date. Most come with basic operating system, so users should ensure that they always have the latest version

- Besides a strong password, use two-step authentication. There should be a second log-in step like adding a code sent to your mobile number

- Usually smart devices come with many unnecessary features. Users should lock those features that are not required or used frequently

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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.”

TUESDAY'S ORDER OF PLAY

Centre Court

Starting at 2pm:

Elina Svitolina (UKR) [3] v Jennifer Brady (USA)

Anastasia Pavlyuchenkova (RUS) v Belinda Bencic (SUI [4]

Not before 7pm:

Sofia Kenin (USA) [5] v Elena Rybakina (KAZ)

Maria Sakkari (GRE) v Aryna Sabalenka (BLR) [7]

 

Court One

Starting at midday:

Karolina Muchova (CZE) v Katerina Siniakova (CZE)

Kristina Mladenovic (FRA) v Aliaksandra Sasnovich (BLR)

Veronika Kudermetova (RUS) v Dayana Yastermska (UKR)

Petra Martic (CRO) [8] v Su-Wei Hsieh (TPE)

Sorana Cirstea (ROU) v Anett Kontaveit (EST)

Results

5pm: Maiden (PA) Dh80,000 (Turf) 1,200m, Winner: ES Rubban, Antonio Fresu (jockey), Ibrahim Aseel (trainer)

5.30pm: Handicap (PA) Dh85,000 (T) 1,200m, Winner: Al Mobher, Sczcepan Mazur, Ibrahim Al Hadhrami

6pm: Handicap (PA) Dh80,000 (T) 2,200m, Winner: Jabalini, Tadhg O’Shea, Ibrahim Al Hadhrami

6.30pm: Wathba Stallions Cup (PA) Dh70,000 (T) 2,200m, Winner: AF Abahe, Tadgh O’Shea, Ernst Oertel

7pm: Handicap (PA) Dh85,000 (T) 1,600m, Winner: AF Makerah, Tadhg O’Shea, Ernst Oertel

7.30pm: Maiden (TB) Dh80,000 (T) 1,600m, Winner: Law Of Peace, Tadhg O’Shea, Satish Seemar

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Name: Enhance Fitness 

Year started: 2018 

Based: UAE 

Employees: 200 

Amount raised: $3m 

Investors: Global Ventures and angel investors 

Mia Man’s tips for fermentation

- Start with a simple recipe such as yogurt or sauerkraut

- Keep your hands and kitchen tools clean. Sanitize knives, cutting boards, tongs and storage jars with boiling water before you start.

- Mold is bad: the colour pink is a sign of mold. If yogurt turns pink as it ferments, you need to discard it and start again. For kraut, if you remove the top leaves and see any sign of mold, you should discard the batch.

- Always use clean, closed, airtight lids and containers such as mason jars when fermenting yogurt and kraut. Keep the lid closed to prevent insects and contaminants from getting in.

 

Name: Peter Dicce

Title: Assistant dean of students and director of athletics

Favourite sport: soccer

Favourite team: Bayern Munich

Favourite player: Franz Beckenbauer

Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates 

 

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

Libya's Gold

UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves. 

The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.

Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.

A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.

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Transmission: two-speed

Power: 671hp

Torque: 1050Nm

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Price: Dh601,800

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Engine: 1.6-litre 4-cyl turbo and dual electric motors

Power: 300hp at 6,000rpm

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Transmission: 8-speed auto

Fuel consumption: 8.0L/100km

Price: from Dh199,900

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Price, base / as tested: Dh259,000

Engine: 6.4-litre V8

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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

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Financial considerations before buying a property

Buyers should try to pay as much in cash as possible for a property, limiting the mortgage value to as little as they can afford. This means they not only pay less in interest but their monthly costs are also reduced. Ideally, the monthly mortgage payment should not exceed 20 per cent of the purchaser’s total household income, says Carol Glynn, founder of Conscious Finance Coaching.

“If it’s a rental property, plan for the property to have periods when it does not have a tenant. Ensure you have enough cash set aside to pay the mortgage and other costs during these periods, ideally at least six months,” she says. 

Also, shop around for the best mortgage interest rate. Understand the terms and conditions, especially what happens after any introductory periods, Ms Glynn adds.

Using a good mortgage broker is worth the investment to obtain the best rate available for a buyer’s needs and circumstances. A good mortgage broker will help the buyer understand the terms and conditions of the mortgage and make the purchasing process efficient and easier. 

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