Almost four years after the outbreak of the Arab Spring, the stakes remain high for young Arab revolutionaries. However, if they don’t fall into the traps of despair or temptation, Arab youth will, sooner or later, attain their goals, wrote Ali Mohammed Fakhrou in the Sharjah-based daily Al Khaleej.
When the Arab uprisings erupted in late 2010, many commented that the youth had started to make history. Within a few weeks, the commentators said, they had shifted the Arab public from a state of fear, submission and passivity to a state of brave confrontation, vitality and resistance.
Raising slogans of democracy – namely freedom, dignity and social justice – young Arabs demanded radical changes in their countries. The clash was inevitable between tyrannical regimes and discontented Arabs led by young people who had broken free of fear and reluctance.
From the onset, it should have been clear to the leaders of Arab revolts that major transformations come through one of two ways: swift, comprehensive revolutions akin to some successful historic revolutions, or through accumulative, gradual political struggle.
A revolution is going to stagger or even fail if society is acutely polarised because of sectarian racial or ideological factors; or if the army is unsympathetic towards the rebellion – or, worse, is in the thick of corrupt politics – or if the regional and global atmosphere is anti-revolution. These factors and others can come in the way of a successful revolution and entail a great deal of blood, sweat and tears to no avail.
Still, the writer said, when a revolution is not possible, political life should not stop. Change must be sought through going down the second road: carrying on a steadfast, peaceful political struggle in all areas on a daily basis with the goal of achieving partial victories that pile up over time and make up the desired greater change.
The notion of seeking partial objectives is compatible with the field of politics. If the struggle for good causes is a daily effort in all arenas, from the media and civil society to peaceful protests and, if need be, civil disobedience, any partial success on any level will help edge closer to revolutionary goals. Of particular importance is the legislature that belongs to the people and so must not be left to the opportunists and the corrupt.
By mobilising the resources at hand and steering clear of despair, Arab youth can achieve their goal of a transition to democracy sooner or later, the writer concluded.
Shafiq Nazem Al Ghabra wrote in the London-based Al Hayat that the Arab landscape is mired in a practice of contempt that continues to be a threat to Arab authorities and nations.
Some Arab regimes remain contemptuous of the opposition and their right to exist; politicians are contemptuous of the economy and the principles of fair competition in business; and the majority is contemptuous of the minority – or the minority of the majority, depending on who has the upper hand.
When a few Iraqi opposition figures who were not allowed to express opposition overtly at home embarked on an endeavour to topple the Iraqi regime from abroad, they were looked down upon by the ruling establishment. Part of that group, however, played a major part in persuading the US of the benefits of invading Iraq.
When the Syrian people staked their claim to their natural rights, the regime heaped scorn on them and laughed at the magnitude of the opposition which was simple in the beginning. This developed into full-blown revolution as the regime intensified its brutal crackdown, leading eventually to a weakened regime, a divided society and hundreds of thousands of casualties and displaced people.
A commonplace kind of contempt in current politics is that which is displayed towards Islamic movements that are dismissed as terrorist, regressive and criminal groups that must be utterly excluded. All Islamic organisations, however, did not start off as Al Qaeda did. In fact, Al Qaeda itself was a product of the misjudgement that Afghan jihad needed Arab and non-Arab volunteers.
Putting moderate Islamist movements involved in armed struggle against occupation in the same basket as Al Qaeda and its ilk is a risky business for the region, the writer continued. Exclusion of peaceful Islamists means wide segments of poor and middle-class people become disenfranchised.
To move forward, the Arab mindset must get out of the vicious circle of contempt towards opponents and human rights, and instead allow room for all kinds of healthy expression, the writer concluded.
aezzouitni@thenational.ae
T20 World Cup Qualifier
Final: Netherlands beat PNG by seven wickets
Qualified teams
1. Netherlands
2. PNG
3. Ireland
4. Namibia
5. Scotland
6. Oman
T20 World Cup 2020, Australia
Group A: Sri Lanka, PNG, Ireland, Oman
Group B: Bangladesh, Netherlands, Namibia, Scotland
UAE v Gibraltar
What: International friendly
When: 7pm kick off
Where: Rugby Park, Dubai Sports City
Admission: Free
Online: The match will be broadcast live on Dubai Exiles’ Facebook page
UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)
Brief scoreline:
Manchester United 2
Rashford 28', Martial 72'
Watford 1
Doucoure 90'
What vitamins do we know are beneficial for living in the UAE
Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.
Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.
Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.
Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.
Killing of Qassem Suleimani
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.”