Police stand near burnt-out cars after riots at an Eritrean cultural festival in Stockholm on Thursday. AP
Police stand near burnt-out cars after riots at an Eritrean cultural festival in Stockholm on Thursday. AP
Police stand near burnt-out cars after riots at an Eritrean cultural festival in Stockholm on Thursday. AP
Police stand near burnt-out cars after riots at an Eritrean cultural festival in Stockholm on Thursday. AP

Sweden cancels protest permit after riots at Eritrean festival


Tim Stickings
  • English
  • Arabic

Swedish police on Friday banned a protest at an Eritrean cultural festival after more than 50 people were injured in riots.

A permit was withdrawn after ugly scenes that a minister described as Eritrean “domestic conflicts” playing out in Sweden, according to local media.

It means opponents of the Eritrean government are banned from protesting against the festival, which was seen as regime-linked, in a Stockholm suburb.

“In Sweden and Stockholm, we express our opinions democratically, not with clubs and stone-throwing,” said the city’s Mayor Karin Wanngard in a social media post.

Images showed burnt-out cars and smouldering tents following the violence at the outdoor venue on Thursday. There were 52 people reported injured, of whom 14 were still in hospital on Friday.

“There have been many injuries and it is a difficult situation for our staff to work in,” said doctor Patrik Soderberg from local health provider Region Stockholm.

Police said about 140 people were detained during the unrest. They said 40 were taken into custody because they could not prove they had permission to be in Sweden.

The festival in a Stockholm suburb attracted protests from opponents of the Eritrean regime. AFP
The festival in a Stockholm suburb attracted protests from opponents of the Eritrean regime. AFP

Investigations were opened into suspected cases of rioting, arson and sabotaging the emergency services. Three police officers were reported injured.

“It is not reasonable for Sweden to be drawn into other countries’ domestic conflicts in this way,” Justice Minister Gunnar Strommer told local news agency TT.

“If you flee to Sweden to escape violence, or are on a temporary visit, you must not cause violence here. The police’s resources are needed for other purposes than keeping different groups apart from each other.”

Many people of Eritrean background live in Sweden, which has criticised the African country’s government for its human rights record. Police said the festival included seminars and singing.

Sweden’s policy on granting protest permits has been in the spotlight because of a spate of Quran burnings this year.

Police in Stockholm have watched on while activists desecrated the Quran, while insisting they only approve a gathering and do not endorse what happens there.

The stance has angered Muslim countries and Sweden says it is reconsidering the legal position. Denmark is also looking to amend its protest laws after the Quran was burnt there.

Boulder shooting victims

• Denny Strong, 20
• Neven Stanisic, 23
• Rikki Olds, 25
• Tralona Bartkowiak, 49
• Suzanne Fountain, 59
• Teri Leiker, 51
• Eric Talley, 51
• Kevin Mahoney, 61
• Lynn Murray, 62
• Jody Waters, 65

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Director:Shakun Batra

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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.”

'Worse than a prison sentence'

Marie Byrne, a counsellor who volunteers at the UAE government's mental health crisis helpline, said the ordeal the crew had been through would take time to overcome.

“It was worse than a prison sentence, where at least someone can deal with a set amount of time incarcerated," she said.

“They were living in perpetual mystery as to how their futures would pan out, and what that would be.

“Because of coronavirus, the world is very different now to the one they left, that will also have an impact.

“It will not fully register until they are on dry land. Some have not seen their young children grow up while others will have to rebuild relationships.

“It will be a challenge mentally, and to find other work to support their families as they have been out of circulation for so long. Hopefully they will get the care they need when they get home.”

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”.

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The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
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Transmission: Seven-speed automatic
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The Travel Diaries of Albert Einstein The Far East, Palestine, and Spain, 1922 – 1923
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Updated: August 04, 2023, 1:36 PM