Tarek Adel, who is received by Queen Elizabeth II, is Egypt's ambassador to the UK. Getty Images
Tarek Adel, who is received by Queen Elizabeth II, is Egypt's ambassador to the UK. Getty Images
Tarek Adel, who is received by Queen Elizabeth II, is Egypt's ambassador to the UK. Getty Images
Tarek Adel, who is received by Queen Elizabeth II, is Egypt's ambassador to the UK. Getty Images

Egypt ambassador asks UK to act on Muslim Brotherhood's significant influence


Damien McElroy
  • English
  • Arabic

Egypt's ambassador to the UK has called for an "honest conversation" about the relationship between violent extremists and their ideological sympathisers in Britain and elsewhere.

Writing for this news site, Tarek Adel said there was a lack of focus in the UK on the role played by the Muslim Brotherhood in creating the mood for terror attacks.

British newspapers refused to publish a version of the column out of a lack of interest in the subject.

Mr Adel said a report on the Muslim Brotherhood in the UK by the former diplomat Sir John Jenkins was published five years ago.

He said there had been no substantial action on concerns in the report that centred on the Muslim Brotherhood's "highly ambiguous relationship with violent extremism".

Mr Jenkins has just launched a programme at Policy Exchange, a think tank, that promises an examination of Islamism in British public life.

"The MB’s international network is a vehicle for the promotion of its distinct ideology, attracting many who are not formally members of the MB," he wrote in a Policy Exchange paper a week ago.

"Indeed, outside of Muslim-majority countries the question of whether there is an extensive, formal membership has remained shrouded in ambiguity.

"They act as privileged gatekeepers, both to a constructed ‘Muslim’ community, which they claim the right to define and represent, and to an Islamic tradition they claim the right to interpret.

"In so doing, they seek to mobilise Muslims behind an agenda of communalism, sustained by a narrative of grievance and victimhood, in the service of an ideology that at its heart contests the legitimate foundations of the modern western state."

The paper said British society could not avoid this essential debate.

"To challenge this phenomenon it is essential to be able to identify it," Mr Jenkins wrote.

"That is why the use of the term ‘Islamism’ and its cognates in reference to the trends I have described is now standard international practice, including among Arab and Muslim scholars writing in English or other European languages.

"The Islamic State called itself that for a purpose: to assert a claim to be the only Islamically legitimate political community on Earth.

"And this points to a central problem in any effort to remove the term ‘Islamist’ from the political lexicon in the UK or elsewhere."

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.”

Moral education needed in a 'rapidly changing world'

Moral education lessons for young people is needed in a rapidly changing world, the head of the programme said.

Alanood Al Kaabi, head of programmes at the Education Affairs Office of the Crown Price Court - Abu Dhabi, said: "The Crown Price Court is fully behind this initiative and have already seen the curriculum succeed in empowering young people and providing them with the necessary tools to succeed in building the future of the nation at all levels.

"Moral education touches on every aspect and subject that children engage in.

"It is not just limited to science or maths but it is involved in all subjects and it is helping children to adapt to integral moral practises.

"The moral education programme has been designed to develop children holistically in a world being rapidly transformed by technology and globalisation."

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Stage 7:

1. Caleb Ewan (AUS) Lotto Soudal - 3:18:29

2. Sam Bennett (IRL) Deceuninck-QuickStep - same time

3. Phil Bauhaus (GER) Bahrain Victorious

4. Michael Morkov (DEN) Deceuninck-QuickStep

5. Cees Bol (NED) Team DSM

General Classification:

1. Tadej Pogacar (SLO) UAE Team Emirates - 24:00:28

2. Adam Yates (GBR) Ineos Grenadiers - 0:00:35

3. Joao Almeida (POR) Deceuninck-QuickStep - 0:01:02

4. Chris Harper (AUS) Jumbo-Visma - 0:01:42

5. Neilson Powless (USA) EF Education-Nippo - 0:01:45

Benefits of first-time home buyers' scheme
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Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

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The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

How to apply for a drone permit
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Rooney's club record

At Everton Appearances: 77; Goals: 17

At Manchester United Appearances: 559; Goals: 253

The specs: Lamborghini Aventador SVJ

Price, base: Dh1,731,672

Engine: 6.5-litre V12

Gearbox: Seven-speed automatic

Power: 770hp @ 8,500rpm

Torque: 720Nm @ 6,750rpm

Fuel economy: 19.6L / 100km