UAE soft-power on display with leaders' visits


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Week after week and month after month, leaders and officials from across the Middle East and North Africa, and beyond, come to the UAE. Over the last weekend alone, the UAE's leaders conferred with Ali Zidan, the prime minister of Libya, and separately with Hassan Shaikh Mahmoud, the president of Somalia. The president of semiautonomous Somaliland was here last week. The previous week the vice-president of South Sudan visited for high-level talks.

The leaders who come here, typically with government ministers and high civil servants in tow, are here for a reason.

To be sure, the UAE is a prime diplomatic destination any time a crisis demands a quick transfusion of aid money, because this country has resource wealth and is known for its generosity in good causes.

But there is more than that to the frequency of high-level official visits. For Arab and Muslim countries, many of which face known development challenges, the UAE has quietly become a prime source of technical support, governance expertise and specialised assistance.

No wonder. This country has become a hub for more than long-distance air travel. The UAE is at once open to the world and firmly a part of its region. Mena countries looking for examples of sophisticated, modern institutions operating in an Islamic context know where to look.

Libya, for example, does not need financial aid; its own oil industry is recovering rapidly from the disruptions of regime change. But Libya does need security training and expertise, as the foreign minister, Mohamed Abdelaziz, noted while he was here. To integrate former militia members into a national army and police force, Libya has asked for trainers and related assistance from the UAE.

Similarly, Somaliland is asking for help to set up two hospitals. Somalia, Somaliland and Puntland, another semiautonomous region, have all thanked the UAE for logistical and training help in fighting piracy.

To be sure, the UAE benefits as well, given that all of these countries share strategic and security interests with the Emirates. But these are also textbook examples of one form of "soft power" - the development of national influence by attraction, rather than by military or economic coercion.

In other words, when the UAE shares its expertise with regional allies, the benefits are not merely bilateral but help build ties that improve the lives of ordinary citizens across the Mena region. Such assistance may be largely unsung, but it is by no means unappreciated.

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New Zealand v Ireland, 2.15pm

Sunday

Wales v France, 11.15am
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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

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Toilet cleaner

1 cup baking soda 

1 cup castile soap

10-20 drops of lemon essential oil (or another oil of your choice) 

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Air Freshener

100ml water 

5 drops of the essential oil of your choice (note: lavender is a nice one for this) 

Method:

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- Abdullah Ishnaneh, Partner, BSA Law 

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German intelligence warnings
  • 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
  • 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
  • 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250 

Source: Federal Office for the Protection of the Constitution

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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.”

Islamophobia definition

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