Since the beginning of last year, democratic elections have been the constant theme of South Asian politics. Pakistan, Bangladesh and Nepal have had them, Afghanistan is awaiting results, India has started voting, and Sri Lanka is heading towards the polls next year.
That ought to be good news, both for democracy and regional stability. But is it, really? The Bangladesh elections last year were boycotted by the opposition, rendering the results a farce. Similarly, the results of Pakistan’s polls were skewed because of the selective targeting of political parties by Taliban militants and, allegedly, by the deep-state’s interference in the voting process in two provinces where insurgencies are ongoing.
This year's elections promise no improvement. The partial results available for this month's Afghan presidential elections have highlighted deep-seated internal divisions. Even in India, the region's bastion of democracy, the campaign for the election has turned into a referendum for or against its hitherto secular credentials.
Viewed collectively, the results of those elections reflect a voter preoccupation with issues other than the accountable good governance that ought to characterise democracy. Rather, they’ve been the affirmation of biases and vendettas, be they between rival political dynasties, competing ethnic groups or extremist religious sects. Driven by intolerance, there has been little, if any, reflection of a desire for collective betterment – the quintessential ingredient of nation-building.
The consequences for regional stability are frightening, given rival countries’ propensity to wage proxy wars on each other’s territory, as well as in the neighbouring states where they vie for influence.
Specifically, that applies to India and Pakistan. Both now possess nuclear weapons and sophisticated strategic missiles. Assuming that sanity prevails, the political upside of these warheads is India and Pakistan are far less likely to go to war. The downside is their penchant for black-ops, which exploit and manipulate the hate-driven politics within their own borders and elsewhere in South Asia.
Bangladesh is a pertinent example. India backs the incumbent prime minister, Sheikh Hasina, whose father led the 1971 secession of the erstwhile East Pakistan, made possible by India’s military intervention. Her chief political rival, Khaleda Zia, who’s about to go on trial on corruption charges, is covertly supported by Pakistan, both financially and through religious political parties like the Jamaat-i-Islami, which has been banned for its role in the pre-secession genocide of separatists.
What might happen next? Lashkar-i-Taiba, the Pakistan-based militant group responsible for the November 2008 Mumbai attacks, has tried to infiltrate Bangladesh in the past, leading to a rash of arrests in 2010. If encouraged to, it may well stir trouble there. The Pakistani militants’ favoured infiltration route, in the past, has been via Nepal, because of its lax visa requirements. Years of political unrest there came to a close in February, following the election of the sole candidate for prime minister, but that happy situation may well be compromised.
Similarly, India and Pakistan were not-so-secretly on opposing sides during Sri Lanka’s lengthy civil war, with Indian Tamil groups supporting their rebellious ethnic brethren with money, arms and sanctuary, and Pakistan breaking international sanctions to train and arm the Sinhalese-dominated government and, in some operations, deploy specialist military personnel.
Without doubt, Afghanistan represents the greatest threat to regional stability, especially now that partial results for this month's presidential election point towards a victory for the anti-Taliban coalition of ethnic Tajik, Uzbek and Hazara minority communities previously known as the Northern Alliance. They've been a thorn in Pakistan's side since its independence in 1947, with Afghanistan being the only UN member state to oppose Pakistan's membership.
Pakistan has returned the favour since 1975, by training and deploying ethnic Pashtun rebels against what was then a communist government in Kabul. As such, its interference there predates the Soviet occupation and continues unabated, in part because India has created a network of consulates along Afghanistan’s border with Pakistan, from where it has worked with Afghan intelligence to support some elements of the Pakistani Taliban and the nationalist insurgency in Pakistan’s Balochistan province.
Such violent interstate bickering has been contained, to some extent, because of the physical presence of American-led international security forces in Afghanistan since the September 11, 2001 attacks. Had that not been the case, India and Pakistan would probably have gone to war in 2002, following an attack by Pakistani militants on India’s parliament. The same was applicable after the Lashkar’s bloody rampage through Mumbai in November 2008, when the US worked with China, Pakistan’s closest ally and India’s major strategic competitor, to prevent an escalation.
However, with US-led international forces on the verge of exiting Afghanistan, the civil war between the Northern Alliance-dominated government and the Taliban, inevitably, will go into overdrive, as would interference by a list of other states that includes India and Pakistan, but extends far beyond them.
As such, the results of India’s election are key. If the next administration is led by ultranationalists, there is a real danger that South Asia’s strategic competition could be rewound to pre-9/11 circumstances – with potentially harmful consequences. The coming year will tell if the region’s elected leaders have learnt from the past or not.
Tom Hussain is a freelance journalist based in Islamabad
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
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Cricket World Cup League 2
UAE results
Lost to Oman by eight runs
Beat Namibia by three wickets
Lost to Oman by 12 runs
Beat Namibia by 43 runs
UAE fixtures
Free admission. All fixtures broadcast live on icc.tv
Tuesday March 15, v PNG at Sharjah Cricket Stadium
Friday March 18, v Nepal at Dubai International Stadium
Saturday March 19, v PNG at Dubai International Stadium
Monday March 21, v Nepal at Dubai International Stadium
COMPANY%20PROFILE
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Disability on screen
Empire — neuromuscular disease myasthenia gravis; bipolar disorder; post-traumatic stress disorder (PTSD)
Rosewood and Transparent — heart issues
24: Legacy — PTSD;
Superstore and NCIS: New Orleans — wheelchair-bound
Taken and This Is Us — cancer
Trial & Error — cognitive disorder prosopagnosia (facial blindness and dyslexia)
Grey’s Anatomy — prosthetic leg
Scorpion — obsessive compulsive disorder and anxiety
Switched at Birth — deafness
One Mississippi, Wentworth and Transparent — double mastectomy
Dragons — double amputee
UAE currency: the story behind the money in your pockets
EMILY%20IN%20PARIS%3A%20SEASON%203
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Director: Laxman Utekar
Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna
Rating: 1/5
Profile box
Founders: Michele Ferrario, Nino Ulsamer and Freddy Lim
Started: established in 2016 and launched in July 2017
Based: Singapore, with offices in the UAE, Malaysia, Hong Kong, Thailand
Sector: FinTech, wealth management
Initial investment: $500,000 in seed round 1 in 2016; $2.2m in seed round 2 in 2017; $5m in series A round in 2018; $12m in series B round in 2019; $16m in series C round in 2020 and $25m in series D round in 2021
Current staff: more than 160 employees
Stage: series D
Investors: EightRoads Ventures, Square Peg Capital, Sequoia Capital India
How to avoid crypto fraud
- Use unique usernames and passwords while enabling multi-factor authentication.
- Use an offline private key, a physical device that requires manual activation, whenever you access your wallet.
- Avoid suspicious social media ads promoting fraudulent schemes.
- Only invest in crypto projects that you fully understand.
- Critically assess whether a project’s promises or returns seem too good to be true.
- Only use reputable platforms that have a track record of strong regulatory compliance.
- Store funds in hardware wallets as opposed to online exchanges.
'The Batman'
Stars:Robert Pattinson
Director:Matt Reeves
Rating: 5/5
Specs
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COMPANY%20PROFILE
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RESULTS
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COMPANY%20PROFILE
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Stamp duty timeline
December 2014: Former UK finance minister George Osbourne reforms stamp duty, replacing the slab system with a blended rate scheme, with the top rate increasing to 12 per cent from 10 per cent:
Up to £125,000 - 0%; £125,000 to £250,000 – 2%; £250,000 to £925,000 – 5%; £925,000 to £1.5m: 10%; Over £1.5m – 12%
April 2016: New 3% surcharge applied to any buy-to-let properties or additional homes purchased.
July 2020: Rishi Sunak unveils SDLT holiday, with no tax to pay on the first £500,000, with buyers saving up to £15,000.
March 2021: Mr Sunak decides the fate of SDLT holiday at his March 3 budget, with expectations he will extend the perk unti June.
April 2021: 2% SDLT surcharge added to property transactions made by overseas buyers.
No more lice
Defining head lice
Pediculus humanus capitis are tiny wingless insects that feed on blood from the human scalp. The adult head louse is up to 3mm long, has six legs, and is tan to greyish-white in colour. The female lives up to four weeks and, once mature, can lay up to 10 eggs per day. These tiny nits firmly attach to the base of the hair shaft, get incubated by body heat and hatch in eight days or so.
Identifying lice
Lice can be identified by itching or a tickling sensation of something moving within the hair. One can confirm that a person has lice by looking closely through the hair and scalp for nits, nymphs or lice. Head lice are most frequently located behind the ears and near the neckline.
Treating lice at home
Head lice must be treated as soon as they are spotted. Start by checking everyone in the family for them, then follow these steps. Remove and wash all clothing and bedding with hot water. Apply medicine according to the label instructions. If some live lice are still found eight to 12 hours after treatment, but are moving more slowly than before, do not re-treat. Comb dead and remaining live lice out of the hair using a fine-toothed comb.
After the initial treatment, check for, comb and remove nits and lice from hair every two to three days. Soak combs and brushes in hot water for 10 minutes.Vacuum the floor and furniture, particularly where the infested person sat or lay.
Courtesy Dr Vishal Rajmal Mehta, specialist paediatrics, RAK Hospital
Abramovich London
A Kensington Palace Gardens house with 15 bedrooms is valued at more than £150 million.
A three-storey penthouse at Chelsea Waterfront bought for £22 million.
Steel company Evraz drops more than 10 per cent in trading after UK officials said it was potentially supplying the Russian military.
Sale of Chelsea Football Club is now impossible.
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Museum of the Future in numbers
- 78 metres is the height of the museum
- 30,000 square metres is its total area
- 17,000 square metres is the length of the stainless steel facade
- 14 kilometres is the length of LED lights used on the facade
- 1,024 individual pieces make up the exterior
- 7 floors in all, with one for administrative offices
- 2,400 diagonally intersecting steel members frame the torus shape
- 100 species of trees and plants dot the gardens
- Dh145 is the price of a ticket
GIANT REVIEW
Starring: Amir El-Masry, Pierce Brosnan
Director: Athale
Rating: 4/5
What are the main cyber security threats?
Cyber crime - This includes fraud, impersonation, scams and deepfake technology, tactics that are increasingly targeting infrastructure and exploiting human vulnerabilities.
Cyber terrorism - Social media platforms are used to spread radical ideologies, misinformation and disinformation, often with the aim of disrupting critical infrastructure such as power grids.
Cyber warfare - Shaped by geopolitical tension, hostile actors seek to infiltrate and compromise national infrastructure, using one country’s systems as a springboard to launch attacks on others.
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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.”