Afghan government forces check vehicles in Kabul. Austria says it will continue deporting failed Afghan asylum seekers, despite deteriorating security in their country. AFP
Afghan government forces check vehicles in Kabul. Austria says it will continue deporting failed Afghan asylum seekers, despite deteriorating security in their country. AFP
Afghan government forces check vehicles in Kabul. Austria says it will continue deporting failed Afghan asylum seekers, despite deteriorating security in their country. AFP
Afghan government forces check vehicles in Kabul. Austria says it will continue deporting failed Afghan asylum seekers, despite deteriorating security in their country. AFP

Austria insists deportation of Afghan migrants will continue


Simon Rushton
  • English
  • Arabic

Austria will continue its policy of deporting failed Afghan asylum seekers, despite the threatened takeover of Afghanistan by the Taliban, two senior Cabinet members have said.

Other EU countries, including France and Germany, have suspended deportations as the Taliban advance unfolds.

But Austria’s interior and foreign ministers have now indicated they see deportations as a policing and crime issue rather than a humanitarian crisis.

“It is easy to call for a general ban on deportations to Afghanistan, while on the other hand negating the expected flight movements. Those who need protection must receive it as close as possible to their country of origin,” Interior Minister Karl Nehammer said.

“A general ban on deportation is a pull factor for illegal migration and only fuels the inconsiderate and cynical business of smugglers and thus organised crime.

“As minister of the interior, I am primarily responsible for the people living in Austria. Above all, this means protecting social peace and the welfare state over the long term.”

Mr Nehammer also said that asylum seekers in Austria are almost exclusively young men.

Austria was one of six EU countries that insisted last week on their right to forcibly deport rejected Afghan asylum seekers.

Among their gains, the Taliban have taken control of Afghanistan's third-largest city Herat, in the west of the country. EPA
Among their gains, the Taliban have taken control of Afghanistan's third-largest city Herat, in the west of the country. EPA

Three of the countries – Denmark, Germany and the Netherlands – have since changed course. France has also suspended deportations.

Austrian Foreign Minister Alexander Schallenberg said he would not shirk responsibilities to European neighbours over its human trafficking enforcement priorities.

“We will not let the neighbouring states down when it comes to border management and the fight against organised crime.

“The crisis in Afghanistan is not unfolding in a vacuum. Conflict and instability in the region will sooner or later spill over to Europe and thus to Austria. By acting externally, we strengthen our security internally.”

The Osterreich newspaper published an opinion poll showing up to 90 per cent of respondents backed the Austrian government's line.

It linked the support to a high-profile criminal case in June in which four Afghans in Vienna are suspected of drugging and raping a 13-year-old girl.

France has suspended the expulsions of Afghan migrants whose asylum applications had been rejected.

Germany and the Netherlands said on Wednesday they have stopped forced repatriations.

German Interior Minister Horst Seehofer said the Afghan security situation was changing so swiftly it could not guarantee that the deportations did not put people in danger.


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Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates 

 

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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.”

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Updated: August 14, 2021, 1:11 PM