When Maetz Lebhar visited Ethiopia for a conference on dairy products in 2015, he did not expect to be calling the country his home within the space of a year.
Attracted by the market potential of products from his native Syria, including accessories to make shawarma, the 37 year old returned the following year hoping to find a local partner to help expand his business, perhaps in the form of opening a restaurant. It wasn’t long before the work trip turned into a permanent visit.
"I lost my extended family in the [Syrian] conflict and all our properties turned to ashes. I made Ethiopia my home as my circumstances changed in the blink of an eye", he told The National.
“In Addis, I have been welcomed and I have managed to make my living selling the delicacies of my home.”
Mr Lebhar works as a chef in a local restaurant and earns ETB30, 000 a month (USD 950) close to the annual average wage of $985.
Ethiopia currently hosts one of the largest refugee populations in the world, at over one million refugees, mostly from Eritrea, South Sudan, Somalia and Yemen. Now Syrians are joining their ranks, attracted by favourable asylum laws.
So far, more than one million Syrians have been displaced from their homeland by the nine-year conflict. They constitute a third of the world’s refugee population, with their numbers reaching 5.6 million by the end of last year, according to the UN.
Adna Mohammed, 42, has experienced considerable success since moving to Ethiopia in 2013. The father of one owns a popular shawarma restaurant in Bole, a business district of capital Addis Ababa.
The Damascus native is now married to an Ethiopian woman and is fluent in Amharic, the national language. He has no interest in returning to Syria, he said.
"I will probably be a foreigner if I did,” he said.
“All I had has perished and it will bring bad memories of families and friends who are no longer there. Ethiopia is my home”.
Until lockdown measures due to the coronavirus pandemic, Mr Mohammed’s business was doing well.
“I used to have a booming business where I sold about 150 plates a day. These days, I sell about a dozen or so”, he said, looking over empty seats usually occupied by young people.
“I am hopeful the virus will be contained and we go on living our regular lives”.
Many more Syrians have followed in Mr Mohammed and Mr Lebhar’s footsteps. The Ethiopian Immigration, Nationality and Vital Events Agency, counts the total Syrian population in the country as 315 people as of 2019.
But the number is suspected to be significantly higher; hundreds driven to flee by the Assad regime’s latest offensive in Idlib. They arrive on tourist visas and now, having exhausted their legal stay, can be seen begging in crowded areas all across Ethiopia, many accompanied by young children.
"I know migrants who consider begging as the only option to make easy money as they find their footing in Ethiopia”, Mr Lebhar said.
“But with little safety nets and pressure to eat and support a family, some have little choice, giving little regards for their own safety in what is too many, still a foreign land”.
In January 2019 the state banned street begging. The deputy head of Ethiopia's immigration office told the Associated Press at the time that Syrian presence on the streets was becoming a “burden”.
UNHCR contacted unregistered Syrian refugees last year and provided information on the asylum procedure, the body’s spokesperson in Ethiopia Kisut Gebreegziabher said. “Only a few of them came and applied for asylum with the Ethiopian government”, he added.
Those who do register are given assistance, he said.
“The financial assistance is meant to cover their daily needs, including housing. They are additionally supported with their educational and health care needs,” he added.
Airport workers told The National there are also dozens of Syrians stuck at Bole International Airport, missing the required documents for entry and denied access to the country. Most arrivals come from Syria via Sudan, Turkey and Egypt, they say.
Ethiopia allows refugees to work and their children to attend its public schools. But many of these progressive policies did not anticipate accommodating an influx of Middle Eastern refugees, rather the usual flow from the likes of South Sudan, Eritrea and Somalia.
Last year, Ethiopia passed legislation granting refugees the right to work and earn citizenship status through a naturalisation process, a decision welcomed by UNHCR and the European Union. The latter funded the construction of industrial parks in a bid to provide employment opportunities in Ethiopia, thus reducing the influx of migrants to Europe.
New arrangements are also being made by ARRA to refugees coming from Middle East countries, understanding the tension in the region.
More from Rashmee Roshan Lall
The bio
Favourite book: Peter Rabbit. I used to read it to my three children and still read it myself. If I am feeling down it brings back good memories.
Best thing about your job: Getting to help people. My mum always told me never to pass up an opportunity to do a good deed.
Best part of life in the UAE: The weather. The constant sunshine is amazing and there is always something to do, you have so many options when it comes to how to spend your day.
Favourite holiday destination: Malaysia. I went there for my honeymoon and ended up volunteering to teach local children for a few hours each day. It is such a special place and I plan to retire there one day.
MATCH INFO
Who: UAE v USA
What: first T20 international
When: Friday, 2pm
Where: ICC Academy in Dubai
UAE currency: the story behind the money in your pockets
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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.”
UAE currency: the story behind the money in your pockets
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Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
Simran
Director Hansal Mehta
Stars: Kangana Ranaut, Soham Shah, Esha Tiwari Pandey
Three stars