Muslim worshippers have been praying every Friday on a small square in front of the Clichy's town hall to protest against the closure of a Muslim place of worship in the city nearly nine months ago. Thibault Camus/ AP Photo
Muslim worshippers have been praying every Friday on a small square in front of the Clichy's town hall to protest against the closure of a Muslim place of worship in the city nearly nine months ago. Thibault Camus/ AP Photo
Muslim worshippers have been praying every Friday on a small square in front of the Clichy's town hall to protest against the closure of a Muslim place of worship in the city nearly nine months ago. Thibault Camus/ AP Photo
Muslim worshippers have been praying every Friday on a small square in front of the Clichy's town hall to protest against the closure of a Muslim place of worship in the city nearly nine months ago. T

French Muslims in Paris suburb left with nowhere to pray as street worshipping is banned


Claire Corkery
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Muslims in a Paris suburb are no longer allowed to pray in the street, France’s interior minister Gerard Collomb has said.

Worshippers in the multi-ethnic area of Clichy-la-Garenne in the northwest of the French capital, had taken to praying outside every Friday after their local mosque was shut down.

However, after clashes with residents and politicians protesting the street prayers, French authorities have moved to ban worshipping in the public space.

"They will not have prayers on the street, we will prevent street praying," Mr Collomb told Questions Politics.

But the French minister agreed that worshippers must be given an alternative place to pray. "Muslims must have a place of worship to pray," he said.

"We will make sure we resolve this conflict in the next few weeks," he added.

The ban follows a demonstration earlier this month by around 100 Politicians, who marched on a street in Clichy singing the French national anthem, protesting the public prayers.

Clichy la Garenne's mayor Remi Muzueau led a demonstration against Muslim street prayers, in the Paris suburb of Clichy la Garenne on Friday November 10. Thibault Camus/ AP Photo
Clichy la Garenne's mayor Remi Muzueau led a demonstration against Muslim street prayers, in the Paris suburb of Clichy la Garenne on Friday November 10. Thibault Camus/ AP Photo

The politicians, made up of councillors and MPs from centre-right wing parties, argued public prayers were unacceptable in the secular country.

Paris’ right-wing mayor Rémi Muzeau, led the march, had called for senior politicians to ban street worshipping, which had been taking place for nine months.

Mr Muzeau said that Muslims could use another mosque in the north of the city. However, local Islamic leaders argued this would be impractical, given the mosque’s small size.

Clashes over spaces for Muslims to pray is a common occurrence in France, which has the largest Muslim minority in Europe.

In 2010, leader of the far-right Front National party, Marine Le Pen likened street prayers to an “occupation” similar to the one carried out by Nazi Germany in the Second World War.

Ms Le Pen was prosecuted for inciting racial hatred for the comment but later acquitted in 2015.

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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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