A Finnish MP who fled Saddam Hussein’s Iraq as a child is backing Prime Minister Sanna Marin for a second term when the Nordic nation goes to the polls on Sunday.
Hussein al-Taee is pitting his story of a Finnish equivalent of the “American Dream” against the anti-immigrant message of a far-right party threatening to unseat Ms Marin.
Although Ms Marin, 37, has star appeal abroad and has steered Finland towards joining Nato, domestic concerns could see her Social Democrats lose power.
Polls show the party in a three-way scrum with the nationalist Finns Party and the centre-right National Coalition, which accuses Ms Marin of mismanaging public finances.
The Finns Party, described as “openly racist” by Ms Marin, wants to slash immigration and led criticism of the prime minister for her youthful partying with friends.
Mr al-Taee defended her record by saying Finland had withstood Covid-19 better than neighbouring Sweden and backed Ukraine despite sharing a 1,340-kilometre border with Russia.
The war became visible in Finland when cars with Russian number plates flocked to Helsinki Airport after crossing one of Russia’s few EU land borders, prompting Ms Marin’s government to curb tourist visas.
A government that made headlines because of its all-female top team when it came to power in 2019 is also aiming to make Finland carbon-neutral by the middle of the next decade.
“I feel Sanna Marin has done an amazing job,” Mr al-Taee, who is running for another term in Sunday's election, told The National.
“Marin is known all around the world. She’s been the face of Finland and a very good face, a very positive face of Finland,” he said. “So I definitely give her a good grade.”
The Baghdad-born Mr al-Taee, now 39, arrived in Finland as a 10-year-old refugee after his father’s opposition to Saddam led to imprisonment in Iraq and then the family’s exile in Saudi Arabia.
Mr al-Taee worked as a peace negotiator before he was elected to parliament in 2019.
As well as boosting education and welfare, his pet causes include a ban on fur farming and bolstering the rights of the indigenous Sami people who live in far northern Lapland.
But his party is having to contend with the anti-immigrant narrative of Riikka Purra’s Finns Party, which says gangland warfare in Sweden shows the risks of a soft border policy.
It comes despite forecasts suggesting Finland will need 35,000 new workers per year to plug labour shortages occurring in much of Europe.
Mr al-Taee is hoping that migrant “success stories” will eventually “counter the ideology of becoming closed and building walls rather than building bridges”.
His campaign message is “that the American dream actually happens in Finland, that every human being can dream of becoming whatever he or she wants in this country, and that we have to maintain that dream for all Finns and everybody who lives here”.
“I came here to this country when I was 10 years old from a refugee camp, as a quota refugee. Fast forward 25 years, I became a Member of Parliament. If that's not dreams coming true, then I don't know what is,” he said.
Finland cleared the last major hurdle to Nato membership on Wednesday when Turkey approved its bid after months of obstruction.
Unlike Sweden, Finland has persuaded Ankara that it is meeting Turkish demands to clamp down on Kurdish dissidents.
But with Nato membership enjoying broad support among the parties, there is little sign it will give Ms Marin a bounce in the polls.
Mr al-Taee has tried to argue that a right-wing government would not strike a balance between joining Nato and maintaining Finland’s reputation as a peace broker.
“Our diplomacy has done a good job in explaining to different parts of the world that we are joining Nato not to threaten anybody, but actually for our own peace and our own security,” he said.
He regards Finland as an “under-the-radar broker” for dialogue in the Middle East.
“We invite different parties to come to Finland and have dialogue here about sustainable peace in the Middle East,” he said.
“I think we should continue being this table where different, potentially conflicting parties can come together, come around and have a dialogue.”
A messy result on Sunday would make for tricky coalition negotiations, with Ms Marin ruling out any alliance with the Finns Party.
One of the five parties in her current coalition has already said it does not support an extension.
The National Coalition Party, led by former finance minister Petteri Orpo, has promised to create 100,000 new jobs and increase nuclear power consumption if he comes to power.
The centre-right party has not ruled out working with the Finns Party but could also find itself in an awkward alliance with the Social Democrats.
The parties share the same climate goals but could find it difficult to agree on economic policies.
Countries recognising Palestine
France, UK, Canada, Australia, Portugal, Belgium, Malta, Luxembourg, San Marino and Andorra
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
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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.”
Results
2-15pm: Commercial Bank Of Dubai – Conditions (TB) Dh100,000 (Dirt) 1,400m; Winner: Al Habash, Patrick Cosgrave (jockey), Bhupat Seemar (trainer)
2.45pm: Al Shafar Investment – Handicap (TB) Dh80,000 (D) 1,200m; Winner: Day Approach, Ray Dawson, Ahmad bin Harmash
3.15pm: Dubai Real estate Centre – Handicap (TB) Dh80,000 (D) 1,600m; Winner: Celtic Prince, Richard Mullen, Rashed Bouresly
3.45pm: Jebel Ali Sprint by ARM Holding – Listed (TB) Dh500,000 (D) 1,000m; Winner: Khuzaam, Pat Dobbs, Doug Watson
4.15pm: Shadwell – Conditions (TB) Dh100,000 (D) 1,600m; Winner: Tenbury Wells, Royston Ffrench, Salem bin Ghadayer
4.45pm: Jebel Ali Stakes by ARM Holding – Listed (TB) Dh500,000 (D) 1,950m; Winner: Lost Eden, Andrea Atzeni, Doug Watson
5.15pm: Jebel Ali Racecourse – Handicap (TB) Dh76,000 (D) 1,950m; Winner: Rougher, Pat Dobbs, Doug Watson
Quick pearls of wisdom
Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”
Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.”
THE BIO
Favourite book: ‘Purpose Driven Life’ by Rick Warren
Favourite travel destination: Switzerland
Hobbies: Travelling and following motivational speeches and speakers
Favourite place in UAE: Dubai Museum
The biog
Favourite book: Animal Farm by George Orwell
Favourite music: Classical
Hobbies: Reading and writing
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
Director: Shady Ali
Cast: Boumi Fouad , Mohamed Tharout and Hisham Ismael
Rating: 3/5