Arab immigration has been a fact of European life. Astrid Riecken / Getty Images
Arab immigration has been a fact of European life. Astrid Riecken / Getty Images
Arab immigration has been a fact of European life. Astrid Riecken / Getty Images
Arab immigration has been a fact of European life. Astrid Riecken / Getty Images

The one question everybody is asking: who am I?


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  • Arabic

In an era of globalisation, many people are starting to feel like minorities. They feel marginalised, that their identities and “distinctness” are threatened, and they are unsure where they belong and who they are in a sea of global trends, tastes and values.

One of the things being questioned is the Arab identity.

Just before his death in 1998, the Syrian poet Nizar Qabbani wrote a poem that is applicable today and, unfortunately, probably will be for a long time.

He wrote: “About a homeland that is searching for a place / And about a nation that no longer has a face / About a homeland that has nothing left of its great ancient verse / But that of wailing and eulogy.”

In an earlier poem, he asked: “Are we Arabs one big lie?”

What does it really mean to be an Arab? Does it, or can it, change if you are born and living somewhere else? How big a role has religion? And what role does loyalty to the homeland play? All of these are things that many Arab thinkers and intellectuals have discussed in the past – and we are talking about them again today.

Illustrative of Arab cynicism when discussing homelands is a dark joke: “If they had stayed in [their homeland], they would never have excelled as far as they have.”

As one example, you hear this about members of the Lebanese diaspora who have become successful once they fled their turbulent homeland and migrated to North or South America, or Europe or moved to the Gulf. Popular lists of successful people who are originally Arabs but citizens of other countries and became pioneers in their field regularly make the rounds of social media. Those who stayed at home may still have achieved, but don’t get the same recognition.

We are witnessing a massive migration of nationalities and cultures across the globe. But that is nothing new; it has been a recurring and evolving facet of human history.

Putting aside the many controversies around the issue of refugees, I want to focus on one of the recurring themes. After talking to several refugees and watching videos on social media of them explaining why they fled and risked everything to go to Europe, I noticed that one term kept coming up: Al Zul. It means derogatory treatment and humiliation – and that is what many are escaping.

Yes, danger and instability would make anyone want to run away, but for many, it wasn’t the immediate threat to their lives that drove them out, it was this very basic sense of lost pride and dignity.

“No matter how bad it can get here, it can never reach that level of humiliation that we lived under back home,” a Syrian refugee told me. The man in his thirties said he had lost faith in Arab countries and “Arabness” in general, and would do whatever it took to become a German citizen, because he wanted to “feel like a human” again.

Surveys on Arab youth reveal that there is a great overall disillusionment with ideals such as pan-Arabism and democracy, with job security and stability seen as more important.

It will be interesting to see in a few years the impact of mass migration on the identities of the migrants and those around them. Examples from history include neighbourhoods and villages given new names based on the migrants who live there. There are areas in Lebanon, for instance, named after the Polish refugees who came there during the Second World War.

On the outskirts of Istanbul, on the Asian side of the city, there is a small town called Polonezköy, which translates to “Polish village”. It was founded in 1842 by Poles who intended to return to their homeland. Some of its residents still speak Polish to this day.

People will always seek places and identities to belong to, and with that search, new identities and homelands may be formed along the way. “Where is home?” and “Who am I?” are questions we will always ask.

rghazal@thenational.ae

On Twitter: @arabianmau

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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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How the UAE gratuity payment is calculated now

Employees leaving an organisation are entitled to an end-of-service gratuity after completing at least one year of service.

The tenure is calculated on the number of days worked and does not include lengthy leave periods, such as a sabbatical. If you have worked for a company between one and five years, you are paid 21 days of pay based on your final basic salary. After five years, however, you are entitled to 30 days of pay. The total lump sum you receive is based on the duration of your employment.

1. For those who have worked between one and five years, on a basic salary of Dh10,000 (calculation based on 30 days):

a. Dh10,000 ÷ 30 = Dh333.33. Your daily wage is Dh333.33

b. Dh333.33 x 21 = Dh7,000. So 21 days salary equates to Dh7,000 in gratuity entitlement for each year of service. Multiply this figure for every year of service up to five years.

2. For those who have worked more than five years

c. 333.33 x 30 = Dh10,000. So 30 days’ salary is Dh10,000 in gratuity entitlement for each year of service.

Note: The maximum figure cannot exceed two years total salary figure.

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Pakistan (2nd innings) 190: Masood 65, Imam 57; Olivier 5-59

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Residence Programme offers residence to applicants and their families through economic contributions. The applicant must agree to pay an annual lump sum in tax.

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