DUBAI // Four Sri Lankan refugees sheltered in the UAE for seven months have been granted asylum in the United States, Sweden and Finland.
They were among 45 Tamils who fled their home last October to seek asylum in Australia.
But when their boat ran into trouble they had to be rescued by the Singaporean ship Pinnacle Bliss, which was on its way to Dubai.
"We received new updates of additional four persons accepted for resettlement to the US, Sweden and Finland," said Babar Baloch, a spokesman for the United Nations High Commissioner for Refugees (UNHCR), which is headquartered in Geneva, Switzerland. "Arrangements are now on the way for their departure."
"I am very happy I am leaving for Finland," said one woman, who asked not to be named. "I have a cousin there. I am waiting to go. The date of our departure has not been fixed.
"The first thing I will do is try to learn the language. Then I hope to sponsor my mother, who is in India."
Although the UAE is not a signatory to the 1951 Refugee Convention so is not legally obliged to allow refugees to stay, the group were allowed to disembark at Jebel Ali.
The authorities granted the UN refugee agency access to determine the legitimacy of their claims for asylum.
Of the 45 who arrived in Dubai, seven were sent back by the UN because they were deemed not to need international protection.
The remaining 38 were recognised as refugees and 20 were resettled in Sweden and the US.
One of the refugees gave birth after arriving in the UAE, which brought the total waiting for new citizenship to 19 before the latest batch of asylum requests were approved.
The 15 Tamils left in the country are waiting for their asylum requests to be processed, with the UNHCR due to reassess their refugee status this week.
"They said they will put forth the same questions they asked us when we landed," said one man.
"Our minds were clear when we landed. But the anxiety of the last seven months and fear of deportation has impacted our minds.
"We are worried if we are no longer recognised as refugees we could be deported back to Sri Lanka."
His application has been rejected by three countries, with one nation citing security concerns.
The group was first interviewed by UNHCR officials in November last year.
Kulasegaram Geetharthanan, a lawyer with Jein Solicitors in Britain, who has submitted asylum documentation on their behalf to several countries, said the worry of being deported was apparent during conversations with the group.
"They break down when I talk to them and cannot give prompt answers."
One refugee said the fear of being deported back to Sri Lanka was weighing heavy on the group's minds.
"We are always afraid of being deported. If any country accepts our application before the UN review, then we wont be interviewed."
The UNHCR would not comment on the review but said it "continues exploring durable solutions for the remaining 15 people".
pkannan@thenational.ae
rtalwar@thenational.ae
Kandahar%20
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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.”
Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
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Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
Stage result
1. Jasper Philipsen (Bel) Alpecin-Fenix 4:42:34
2. Sam Bennett (Irl) Bora-Hansgrohe
3. Elia Viviani (Ita) Ineos Grenadiers
4. Dylan Groenewegen (Ned) BikeExchange-Jayco
5. Emils Liepins (Lat) Trek-Segafredo
6. Arnaud Demare (Fra) Groupama-FDJ
7. Max Kanter (Ger) Movistar Team
8. Olav Kooij (Ned) Jumbo-Visma
9. Tom Devriendt (Bel) Intermarché-Wanty-Gobert Matériaux
10. Pascal Ackermann (Ger) UAE Team Emirate
The bio
Favourite book: The Alchemist by Paulo Coelho
Favourite travel destination: Maldives and south of France
Favourite pastime: Family and friends, meditation, discovering new cuisines
Favourite Movie: Joker (2019). I didn’t like it while I was watching it but then afterwards I loved it. I loved the psychology behind it.
Favourite Author: My father for sure
Favourite Artist: Damien Hurst