A demonstrator demands her return to the Chagos Islands outside the UK parliament. Reuters
A demonstrator demands her return to the Chagos Islands outside the UK parliament. Reuters
A demonstrator demands her return to the Chagos Islands outside the UK parliament. Reuters
A demonstrator demands her return to the Chagos Islands outside the UK parliament. Reuters

Britain suffers massive defeat at UN over disputed Chagos Islands


  • English
  • Arabic

Britain suffered an overwhelming defeat at the UN on Wednesday over its control of the Chagos Islands, home to the Diego Garcia military base that is leased to the US.

The vote among members of the UN General Assembly came in a non-binding resolution but called on Britain to withdraw its colonial administration and cede the territory to Mauritius within six months.

Only six countries including Britain and the US opposed the vote in the 193-member assembly, while 116 voted in favour and 56 abstained.

African countries proposed the resolution over the Chagos Islands, known as the British Indian Ocean Territory, which is considered to be one of the last remaining vestiges of empire.

The Diego Garcia military base has been a departure point for long-distance bomber raids and rendition flights carrying terrorism suspects.

Mauritius claims sovereignty over the islands. An advisory opinion of the International Court of Justice in February said that Britain should hand over control.

Mauritius passed its goal of 100 votes in favour but Britain's permanent representative to the UN, Karen Pierce, later said that the large number of abstentions indicated that many countries agreed the dispute should be resolved bilaterally, rather than at the UN.

Britain took possession of the Chagos Islands in 1814 and kept them after Mauritian independence in 1968.

Three years earlier Britain had secretly leased Diego Garcia, one of the islands, to the US for 50 years to use it as a military base. In 2016 the deal was extended to 2036.

The people of the islands were forcibly evicted and have long been fighting Britain in legal cases to return.

The International Court of Justice , the UN's highest, heard testimony from former islanders that they were “uprooted like animals” and loaded on to a ship.

The evictions were described in a British diplomatic message at the time as the removal of a “few Tarzans and Man Fridays".

The court's judges said the agreement between Britain and Mauritius had not been “based on the free and genuine expression of the will of the people concerned”, and that the break-up of the colony was against international law.

World record transfers

1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m

MATCH INFO

Uefa Champions League, last-16. first leg

Atletico Madrid v Juventus, midnight (Thursday), BeIN Sports

The National in Davos

We are bringing you the inside story from the World Economic Forum's Annual Meeting in Davos, a gathering of hundreds of world leaders, top executives and billionaires.

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.”

Ain Dubai in numbers

126: The length in metres of the legs supporting the structure

1 football pitch: The length of each permanent spoke is longer than a professional soccer pitch

16 A380 Airbuses: The equivalent weight of the wheel rim.

9,000 tonnes: The amount of steel used to construct the project.

5 tonnes: The weight of each permanent spoke that is holding the wheel rim in place

192: The amount of cable wires used to create the wheel. They measure a distance of 2,4000km in total, the equivalent of the distance between Dubai and Cairo.

SNAPSHOT

While Huawei did launch the first smartphone with a 50MP image sensor in its P40 series in 2020, Oppo in 2014 introduced the Find 7, which was capable of taking 50MP images: this was done using a combination of a 13MP sensor and software that resulted in shots seemingly taken from a 50MP camera.

Infiniti QX80 specs

Engine: twin-turbocharged 3.5-liter V6

Power: 450hp

Torque: 700Nm

Price: From Dh450,000, Autograph model from Dh510,000

Available: Now