Italian Interior Minister Matteo Salvini attends the 'Porta a Porta' (Door-to-door) late night television talk show in Rome, Italy.
Italian Interior Minister Matteo Salvini attends the 'Porta a Porta' (Door-to-door) late night television talk show in Rome, Italy.
Italian Interior Minister Matteo Salvini attends the 'Porta a Porta' (Door-to-door) late night television talk show in Rome, Italy.
Italian Interior Minister Matteo Salvini attends the 'Porta a Porta' (Door-to-door) late night television talk show in Rome, Italy.

Italy tells rescue ship to take migrants to the Netherlands


  • English
  • Arabic

Italy’s anti-immigrant interior minister accused a German charity on Thursday of ignoring coastguard orders when its Dutch-flagged ship picked up 226 migrants off Libya’s coast and he said they should be taken to the Netherlands not Italy.

Earlier this month Matteo Salvini pledged to no longer let charity ships offload rescued migrants in Italy, leaving the Gibraltar-flagged Aquarius stranded at sea for several days with more than 600 migrants until Spain offered them safe haven.

On Thursday, Mission Lifeline, a charity based in Dresden, Germany, pulled migrants off two rubber boats in international waters even though it was told by Italy that Libya’s coastguard was coming to get them, a spokesman for the charity said. They would not have been safe if taken back to Libya, he said.

Mr Salvini, also leader of the anti-immigrant League party, addressed the charity in a Facebook video: “You have intentionally not listened to Italian or Libyan authorities. Good. Then take this load of human beings to the Netherlands.”

International maritime guidelines say that people rescued at sea should be taken to the nearest “place of safety”.

The United Nations and other humanitarian agencies do not deem Libya “a place of safety” because they say migrants there are subject to indefinite detention, physical abuse, forced labour and extortion.

___________

Read more

___________

A Lifeline statement indicated its vessel was heading northwards with the 226 migrants and called on “the competent authorities to swiftly react according to their obligation to designate a place of safety”.

Whilst a Dutch Foreign Ministry spokesperson denied the ship, which has a Dutch flag, came under Netherlands state responsibility.

Lifeline spokesman Axel Steier said the migrants aboard its boat included 14 women and four small children. “We didn’t want to wait for the Libyan coastguard because people were in danger,” Steier told Reuters.

With its hard line on rescue boats, Italy’s new populist government has thrust migration back onto the European Union agenda. Italy has seen more than 640,000 land on its shores since 2014 and is currently sheltering 170,000 asylum seekers.

Germany is also seeking to restrict asylum-seekers’ movement in the bloc. An emergency “mini-summit” has been called for Brussels on Sunday to discuss immigration ahead of a full, 28-state EU summit on June 28-29.

Mr Toninelli, who oversees Italy’s ports and coastguard, had called last weekend on the Netherlands to recall Lifeline and another Dutch-flagged ship, Seefuchs. On Thursday, Mr Toninelli said Lifeline was acting “outside of international law”.

“The transport minister is lying,” Mr Steier shot back. “We always act in line with international law. Always.”

Anghami
Started: December 2011
Co-founders: Elie Habib, Eddy Maroun
Based: Beirut and Dubai
Sector: Entertainment
Size: 85 employees
Stage: Series C
Investors: MEVP, du, Mobily, MBC, Samena Capital

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.”

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory