Shadows of Syrians are reflected on a giant poster showing President Bashar Assad, during a supporting rally in Damascus. Muzaffar Salman / AP Photo
Shadows of Syrians are reflected on a giant poster showing President Bashar Assad, during a supporting rally in Damascus. Muzaffar Salman / AP Photo

Qaddafi story has some resonance for Syrian leader



There is a chapter in Hisham Matar's new book The Return that tells us a great deal about the nature of Arab dictatorships and their skills at manipulating others to survive.

The book is an account of Mr Matar’s return to Libya after years in exile, following the overthrow of Muammar Qaddafi’s regime. In 1990, his father, Jaballa, a prominent opponent of Qaddafi, had been abducted by Egyptian intelligence agents on behalf of the Libyans and sent back home to be jailed. There, Jaballa was almost certainly killed by the regime.

During this time, Mr Matar sought information on his father, and one of the leads he pursued was to contact Saif Al Islam Qaddafi, Muammar Qaddafi’s son, who was then portraying himself as a reformer.

What ensued was a game of manipulation, as Saif Al Islam and his ciphers sought to push Mr Matar to publicly reaffirm the role Egypt had played in the abduction. Mr Matar replied that he had already done so, and saw no reason to press the issue as he still had family, especially his mother, living in Cairo.

However, the requests that he once again blame Egypt continued, without which Mr Matar was given no information on his father’s fate. This game continued intermittently until 2011, when the uprising in Libya put an end to the charade, though Saif Al Islam Qaddafi had apparently secured the release of several of Mr Matar’s relatives who had also been jailed.

The account was no more than a microcosm of how dictatorships work, but a revealing one. Here was an attempt to exploit for political ends a family that had long suffered from the disappearance of a loved one.

Rather than simply tell Mr Matar that his father had been killed, Qaddafi led him on, purportedly because he needed something from Mr Matar to challenge the internal hierarchy in Libya and reveal what had happened to Jaballa Matar.

Arab dictators have been canny at remaining in power, and though Muammar Qaddafi was overthrown in 2011, he had been in office since 1969. During that period he had become a pariah, then, for a time, a darling of western countries eager to secure Libyan oil contracts.

Indeed, one problem Mr Matar faced was that the British government, although it assisted him, was disinclined to push too hard against ­Libya.

Syrian president Bashar Al Assad is in a similar situation. His army and allies have surrounded Aleppo, marking a decisive new phase in the conflict in Syria, one that will most probably guarantee his political survival. Though he has committed terrible crimes against his own population, Mr Al Assad is today regarded by a wary West as a valuable barrier against ISIL.

The Syrian regime has exploited this to the fullest, reopening intelligence contacts with western countries, allegedly to help them identify ISIL members at home. Doubtless, the Syrians have behaved with their counterparts much the same way as Qaddafi did with Mr Matar: Give me what I want and I may give you what you want, if it serves my purpose.

The problem lies, partly, in the West. The Syrian crisis has exposed how fragile are ideas of democracy and human rights when they hit up against the interests of states. The refugee crisis of 2015, which was aggravated by the Assad regime, was an example.

It was not so much that European states resisted integrating the refugees that was surprising, but that many swiftly abandoned the principle of giving refuge while displaying open hostility towards the victims themselves.

The ISIL threat made matters worse. Amid widespread suspicion of Muslims, almost no attention is given anymore to notions of democracy in the Middle East. The likes of Mr Al Assad are regarded as potential partners in the fight against terrorism, not as individuals whose brutal systems feed extremism.

In this context the Obama administration’s claim in its 2015 National Security Strategy to be working towards a “rules-based international order” sounds quaint.

Rarely since the Second World War has the international order seemed in such disarray, as pitiless leaders engage in crimes with impunity. It is remarkable, for instance, that there has been no serious push in the past five years to indict Mr Al Assad for the bloodbath in Syria.

If the Al Assad regime wins, and the signs are that it will at least eventually prevail in the western half of the country, this will represent a key moment in the region and even beyond. It will show that leaders can butcher their own people to remain in power, and that western countries will accept this if they feel that they have to.

In other words, if the West refuses to defend its own liberal humanitarian values, no one else will, and the international order will be altered as a consequence.

In that case, we shouldn’t be surprised if the experiences of the Syrian population, like those of Mr Matar, become discouragingly commonplace.

Michael Young is a writer and editor in Beirut

On Twitter: @BeirutCalling

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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.”

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  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills

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The smuggler

Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple. 
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.

Khouli conviction

Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.

For sale

A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.

- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico

- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000

- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950