Mahmoud Ashri, a Sudanese national living in Abu Dhabi, is doubtful if democracy will work in the Middle East. Lee Hoagland / The National
Mahmoud Ashri, a Sudanese national living in Abu Dhabi, is doubtful if democracy will work in the Middle East. Lee Hoagland / The National

Arab youth ‘uncertain about future of democracy in Middle East’



ABU DHABI // Four years after the “Arab Spring” revolutions, the region’s youth say they are uncertain if democracy can ever work in the Middle East.

In previous years, the survey found a lack of democracy was seen as one of the biggest obstacles facing the Middle East.

Now, with the legacy of the Arab Spring waning, only 15 per cent of those polled believe this is the case – compared with 38 per cent last year, 43 per cent in 2013 and 41 per cent in 2012.

“In 2010, a year ahead of the epochal events of the Arab Spring, the Arab Youth Survey identified the simmering discontent among Arab youth, who were calling for a change in social order,” said Sunil John.

“Their single most important priority then was living in a democratic society,” he said. “Ninety-two per cent of the Arab youth polled in 2011 said ‘living in democracy’ was their most important desire.

“Now, just four years after the sweeping changes that some countries in the Arab world witnessed, during which many young people protested, fought and died, Arab youth are uncertain about whether democracy will ever work in the Middle East.”

Mahmoud Ashri, a Sudanese national living in Abu Dhabi, was among the sceptics.

“I think it is good the way it is,” said the 19-year-old, when asked whether a democracy would ever work in the Middle East.

Emirati Mohammed Romainthi said he did not support the idea of a democracy.

“Everything here is fine the way it is,” said the 21-year-old Emirati. “We have a ruling family here and I think our country is better off than democratic countries.”

Of those polled, 39 per cent agreed with the statement “democracy will never work in the region”, 36 per cent think it will work and the remaining 25 per cent are unsure.

Views on democracy vary significantly from country to country.

Youth in Yemen are most sceptical about it (61 per cent agree that democracy will never work), followed by Qatar (60 per cent), Saudi Arabia (59 per cent), Oman (52 per cent) and Tunisia (46 per cent).

The five countries most optimistic about democracy are Kuwait (58 per cent disagree that democracy could never work), Iraq (48 per cent), Libya (42 per cent), the UAE (44 per cent) and Palestine (36 per cent).

The study found that confidence the Arab Spring would bring positive change across the region was declining.

This year, 38 per cent agreed the Arab world was better off following the Arab Spring, compared with 72 per cent in 2012.

Of those polled in the survey, 300 respondents were from the UAE – 40 per cent living in Abu Dhabi, 40 per cent living in Dubai and 20 per cent from Sharjah.

jbell@thenational.ae

______________________________________________________________

About 3,500 youths aged 18 to 24 years old were polled in the Arab Youth Survey 2015. The survey, now in its seventh year, was conducted by Penn Schoen Berland in January and February and questioned male and female Arab nationals in 16 countries. They were questioned on the relationship between Arabic language and their national identity, employment and the potential success of democracy in the Middle East and which country they would prefer to live in.

For the complete findings visit the Arab Youth Survey website.

Read more:

Arabic language is losing value: Arab Youth survey

UAE remains top choice for Arab youths to live and work in'

Unemployment concerns prompting Arab youths to start businesses, survey finds

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 

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Don’t wait until the week you fly to sign up for insurance – get it when you book your trip. Insurance covers you for cancellation and anything else that can go wrong before you leave.

Some insurers, such as World Nomads, allow you to book once you are travelling – but, as Mr Mohammed found out, pre-existing medical conditions are not covered.

Check your credit card before booking insurance to see if you have any travel insurance as a benefit – most UAE banks, such as Emirates NBD, First Abu Dhabi Bank and Abu Dhabi Islamic Bank, have cards that throw in insurance as part of their package. But read the fine print – they may only cover emergencies while you’re travelling, not cancellation before a trip.

Pre-existing medical conditions such as a heart condition, diabetes, epilepsy and even asthma may not be included as standard. Again, check the terms, exclusions and limitations of any insurance carefully.

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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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