UN creates role to help refocus aid for Somali refugees


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Mohammed Abdi Affey's role as the United Nations High Commissioner for Refugees (UNHCR) Special Envoy on the Somali Refugee Situation was specially created 11 months ago to address the refugee crisis.
He said the High Commissioner felt it prudent to have a special envoy who would work to refocus attention to the displaced Somali population that require continued protection, attention and support.
"The position was created because there was a feeling that now a role like this one will generate interest," he said. "We didn't expect the world to forget but the world forgot. We have to get this matter on the international radar."
The UN member states decided on a new approach towards the protection of refugees through the Comprehensive Refugee Response Framework.

"This is an attempt to not only help the refugees but also to the host countries," he said. "The country needs more time before it can be out of the woods – we are not in a position today to say that Somalia can receive back all its population because the conditions inside the country aren't safe nor stable to allow massive return but we can prepare this population for eventual return by giving them a dignified stay in the camps."
Last March, the leaders of host countries met in Nairobi, Kenya, where they agreed on a roadmap and plan called the Nairobi Declaration.

"It's a plan of action towards finding a durable solution to the Somali refugee crisis. I'm very happy for their long hospitality because even they are struggling with their local populations but now they've taken the extra burden and responsibility to host Somali refugees for 27 years and continue to provide the generous support to them until such a time that Somalis can go back home to live in peace and dignity."
Mr Affey said such countries had shown a strong commitment to the cause. "I'm hoping the UAE will contribute to that Declaration and that my mission will generate interest to find a space to support them."

UN Envoy on Somalia brings with him regional experience

In September last year, the UN High Commissioner for Refugees, Filippo Grandi, announced the appointment of Mohammed Abdi Affey as his Special Envoy on the Somali Refugee Situation. He said that the path towards stability and prosperity in Somalia must include solutions for Somalis in exile through the region and that the Special Envoy would assist the UNHCR to maximise efforts in the search for solutions for Somali refugees and asylum seekers at national and regional levels.

Mr Affey brings with him extensive regional experience, having most recently served as the Special Envoy to Somalia for the Intergovernmental Authority on Development (IGAD).

Previously, he held senior positions in the Ministry of Foreign Affairs of the Republic of Kenya, serving as Kenya’s Deputy Minister and later as Kenya’s Ambassador to Somalia. From March 2008 to February 2013, as a Member of Parliament in the Kenya National Assembly, Mr Affey moved several assembly resolutions supporting the stabilisation of Somalia by the African Union at the African, Caribbean, Pacific/European Union joint parliamentary assembly. In 2007, he was awarded the Moran of Burning Spear (MBS) by the president of Kenya, Mwai Kibaki.

Born in 1968 in Kenya, Mr Affey graduated from the University of Nairobi in 2010 with a master’s degree in International Relations and a major in International Conflict Management.

How to join and use Abu Dhabi’s public libraries

• There are six libraries in Abu Dhabi emirate run by the Department of Culture and Tourism, including one in Al Ain and Al Dhafra.

• Libraries are free to visit and visitors can consult books, use online resources and study there. Most are open from 8am to 8pm on weekdays, closed on Fridays and have variable hours on Saturdays, except for Qasr Al Watan which is open from 10am to 8pm every day.

• In order to borrow books, visitors must join the service by providing a passport photograph, Emirates ID and a refundable deposit of Dh400. Members can borrow five books for three weeks, all of which are renewable up to two times online.

• If users do not wish to pay the fee, they can still use the library’s electronic resources for free by simply registering on the website. Once registered, a username and password is provided, allowing remote access.

• For more information visit the library network's website.

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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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