Uighurs pray for peace in Urumqi


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URUMQI, CHINA // Riot police armed with submachine guns broke up a small protest by Uighurs demanding they be allowed into a mosque to pray yesterday, in the first sign of unrest in the mostly Muslim region since days of rioting left at least 184 dead and more than a thousand injured. Chinese authorities had initially ordered all mosques in the area to close yesterday, hoping to prevent Muslim Uighurs from gathering in large numbers, but the effort backfired as many people pushed their way inside.

Outside the White Mosque in the Xinjiang capital of Urumqi, several hundred people gathered as police ringed the building, blocked roads leading to it and a helicopter hovered overhead. But eventually, they decided to open the mosque. One Uighur policeman standing guard told the Associated Press the decision was taken to prevent any further incidents. Another protest occurred at the Dong Koruk mosque, near where most of Sunday's violence happened, but authorities eventually allowed a few thousand Uighurs to pray there.

The protests were the Chinese government's first test of keeping a lid on the ethnic tension that on Sunday saw hundreds of Uighurs clash with security forces after protesting against the deaths of two of their compatriots in a factory brawl. They then scattered, attacking ethnic Han Chinese with whom they have a history of enmity. The government has since flooded the capital and other Muslim areas of Xinjiang with tens of thousands of troops and riot police, whose armoured vehicles could be heard rumbling through the quiet streets throughout the night.

"As a Muslim, I pray for peace," said Hadeer, a Uighur who did not want to talk about politics, and who like many people was heading to the airport yesterday. Buses, flights and trains were packed with people trying to get out, both Han and Uighurs, all of whom fear a resurgence in ethnic violence, the worst the country has seen in two decades. For many Uighurs, who speak a Turkish dialect, yesterday was their first day out since Tuesday, when between 200 to 2,000 Han Chinese, armed with clubs, machetes and electric batons went seeking revenge for Sunday's attacks. They smashed shops and businesses belonging to Uighurs, broke windows and killed at least four Uighurs, according to hospital sources and residents.

"I heard people died near Nanlangpuo street, but I do not know how many," said one Uighur man. "We were so scared we took refuge at home. They beat people. "We never had any conflicts between Han Chinese and Uighurs, all this is the fault of the Communist Party." "They [the Han Chinese] came on Tuesday at 8pm and destroyed everything," said a man standing outside his restaurant, holding his son by the hand. "People from different ethnic groups come to my restaurant: Uighur, Han, Hui."

Although the government has allowed foreign journalists to remain in the region, it has been difficult to get firm statistics on the casualties. Yesterday, the government said that of the 184 dead, 137 were Han, 46 were Uighur and one man was of Hui ethnicity. While the Uighurs recognise that some of their compatriots behaved wildly, they blame police, the army and the Communist Party for what happened. Very few Uigurs will publicly blame Han Chinese.

"All [the deaths] are the fault of the government," said one man, outside the Nianzigoh mosque. The Chinese government has accused overseas Uighur groups seeking independence from China of orchestrating the violence. Those groups say that thousands may have died over the past week. Whatever the number, one thing most people agree on is that the death toll is probably much higher than stated by the government.

"There are many more dead than what has been reported, talk to the Uighurs," said an American woman who lives in Urumqi but did not want to be named for fear of losing her visa. State media has said that more than 1,400 Uighurs have been arrested, all of whom face the death penalty if found guilty of murder during the riots. For thousands of years, Central Asian minorities such as the Uighurs, Caucasians and Chinese have lived in the oil-rich region, the size of Western Europe.

In 1949, when the Chinese Communist army occupied the area, Han Chinese accounted for just six per cent of the population, compared to more than 40 per cent of some 20 million people living there today. Ethnic tensions have been fostered by China's tight controls on religion and culture and an economic gap between many Uighurs and Han Chinese, who have flooded the region. China has adopted a similar policy in Tibet where 18 months ago 22 civilians allegedly died after a clampdown by security forces on Tibetans protesting against controls on their culture.

"These protests, like those in Tibet 18 months ago, reflect the profound failure of ethnic policies of Beijing," said Nicholas Bequelin, a Human Rights Watch China researcher. "The Uighurs, like Tibetans, have a history, culture, religion and language different than the rest of China." Anger has also been mounting in other Muslim countries, including in Turkey where the prime minister labelled the plight of the Uighurs "a kind of genocide" and about 5,000 people demonstrated outside the Fatih mosque in Istanbul.

* The National * With additional reporting by the Associated Press and Reuters

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The National Archives, Abu Dhabi

Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.

Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en

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The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

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Read part one: how cars came to the UAE

 

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

Read part one: how cars came to the UAE

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Favourite place in UAE: Al Rams pearling village

What one book should everyone read: Any book written before electricity was invented. When a writer willingly worked under candlelight, you know he/she had a real passion for their craft

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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.”

Company profile

Name: Thndr

Started: October 2020

Founders: Ahmad Hammouda and Seif Amr

Based: Cairo, Egypt

Sector: FinTech

Initial investment: pre-seed of $800,000

Funding stage: series A; $20 million

Investors: Tiger Global, Beco Capital, Prosus Ventures, Y Combinator, Global Ventures, Abdul Latif Jameel, Endure Capital, 4DX Ventures, Plus VC,  Rabacap and MSA Capital