Who you choose to marry is a very personal decision. Reem Mohammed / The National
Who you choose to marry is a very personal decision. Reem Mohammed / The National

We are all responsible for the society that we live in



Last week, just like every few months, I came across another article about mixed marriages. Once again, somebody was panicking about the effect that such unions might have on “national identity” and the population. This time the FNC was asked to establish a special committee to look into why so many Emirati men are choosing to marry foreign women.

Who one chooses to marry is a very personal decision and members of society at large should not feel like they can comment so liberally on the issue. While I am a firm believer that everyone is entitled to their opinion, the time has come for someone to point out just how potentially offensive and hurtful it is to have people comment on this topic in this way.

Imagine being a product of a marriage where one parent is not Emirati and you are continually being made to feel that you are intrinsically related to social problems that need to be resolved. I refuse to have any of my brothers and sisters feel like there is something wrong with them or that they or their parents are not welcome as part of this country. We are, after all, a Harry Potter generation. We will not stand for any talk of pure-blood versus Mudblood.

Repeatedly singling out mixed families or their children does nothing but alienate the ever-growing part of our society that fall into that category. Many of my close friends have one parent who is not from this country.

While for some people this had very little or no influence on their lives growing up, others had very negative experiences and as a result do not feel like they are a part of society. They were picked on in school and were made to feel different and unwelcome. While I think the trend is changing in younger generations, who care little for these things, we still need to address the fact that the existing mentality is harmful and should not persist. Again this is not the case for everyone, but we shouldn’t ask anyone to prove their Emirati-ness, especially since each of us bring something unique to the existing culture. The essence of the UAE is its diversity, its openness and acceptance, and that is meant to preclude preconceived notions or ideas about people who are mixed.

So what are the real issues at stake when certain people bring up the issue of mixed marriages? Is it the loss of Arabic language? A perceived loss of traditions and customs? Because if so, these are all things that can be addressed without pointing fingers and placing blame. These issues can be addressed by rallying the whole community to come together. But if you continue to stigmatise or alienate part of your population, there is no reason for them to want to fully embrace the culture.

We can do things such as encourage reading and writing in Arabic, and make elements of Emirati culture part of the school curriculum. Offering classes on Bedouin history, Emirati dialect or falconry can do this.

We can work to expand the availability of cultural fairs that go beyond the usual touristy type. We can work to revitalise the rich oral poetry tradition through workshops and performances, trips into the desert or out at sea to experience how our ancestors lived.

We should also remember what the most essential components of UAE “national identity” are such as the importance of family, respecting our elders, being generous and hospitable, keeping the UAE a safe and welcoming country etc. In addition, we shouldn’t forget to celebrate all the different elements that have been brought here by other cultures and how without every little different piece the UAE wouldn’t be the same.

We are all responsible for the society we live in and in shaping it.

We should not tolerate it if anyone singles out or places judgement on any member of our community. I find that attitude, more than anything else, most damaging in trying to maintain a close-knit community.

Fatima Al Shamsi is a globe­trotting Emirati foodie, film buff and football fanatic

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 

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.”

Klopp at the Kop

Matches 68; Wins 35; Draws 19; Losses 14; Goals For 133; Goals Against 82

  • Eighth place in Premier League in 2015/16
  • Runners-up in Europa League in 2016
  • Runners-up in League Cup in 2016
  • Fourth place in Premier League in 2016/17

Cracks in the Wall

Ben White, Pluto Press 

COMPANY%20PROFILE
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