With France and much of the EU still reeling from the recent spate of terror attacks across mainland Europe, Paris was showing signs on Friday of beginning to reappraise its attitudes to travel across its borders, both legal and irregular.
French Interior Minister Gerald Darmanin arrived in Tunisia on Friday, and met his Tunisian counterpart, Taoufik Charfeddine, as well as the President, Kais Saied, before departing for Malta and Algeria on Sunday.
Though long planned, it is unlikely that the recent attack in Nice by undocumented Tunisian migrant Brahim Aouissaoui, which killed three, was far from the forefront of people's minds.
Mr Darmanin was ostensibly in the country to negotiate the return of about 20 of the 231 irregular migrants from across the Maghreb and Russian territories that it suspected of having links with known terror organisations.
He used the visit to distinguish between those subject to France's security measures and their religion. "We are fighting together the terrorism which has struck several countries in the world," he told reporters gathered at the Ministry of Interior in Tunis.
"We will continue to exchange information to fight against this ideology, which should not be confused, moreover, with any religion,” he added.
For its part, Tunisia agreed to accept the return of the migrants, subject to certain conditions. "But this must be done in line with conditions and regulations" under international laws and conventions, and "preserving the dignity of the Tunisian" being returned, Charfeddine told reporters.
Mr Damanin's visit comes amid what appears to be a recalibration of France's attitudes to border security and the Schengen Agreement, the treaty governing much of the free movement within the European Union.
Speaking during a visit to the Franco-Spanish border earlier on Friday, French President Emmanuel Macron told reporters: "I am in favour of a deep overhaul of Schengen to rethink its organisation and to strengthen our common border security with a proper border force."
He also confirmed that he intended to submit fresh proposals to European Union partners at a summit in December.
Eight people have been killed and more injured during terror attacks across France and Austria since the satirical magazine, Charlie Hebdo, elected to mark the beginning of the trial of those accused of abetting the 2015 attack on its offices by republishing the cartoons that originally gave offence.
President Macron's subsequent defence of the magazine's right to do so during a tribute to slain middle schoolteacher Samuel Paty, who had used the images as part of a lesson on free speech, led to a heightening in international tensions, with countries such as Turkey, Qatar and Kuwait all seeking to condemn France for its actions.
France is far from unique in examining the relationship between illegal migration and security. In July, a UN committee of experts concluded that the arrest in Cyprus of nine Syrians, an Egyptian and a Turkmen – all linked to either ISIS or Al Qaeda affiliated groups – showed the potential that clandestine migration routes offered to terror groups.
Like states across Europe, France is a magnet for the dispossessed, the persecuted and the opportunistic. According to the country's ministry of the interior, anywhere between 80,000 and 100,000 illegal migrants make their way to France every year, joining a pool of undocumented residents estimated in 2019 to number anywhere between 300,000 and 400,000.
"The irregular migrant experience in Europe isn't easy, and is often far more economically and socially difficult than North African migrants expect when they leave home," said Matt Herbert, a senior analyst at the Global Initiative Against Transnational Organised Crime.
"This was true before Covid-19, with the situation becoming progressively more difficult over the last decade,” he added.
“The advent of the pandemic has likely only magnified the challenge. For some this frustration can transform into resentment, leaving some vulnerable to radicalisation. But the process isn't predetermined, nor irreversible, and really is likely an issue in a very, very small minority in the larger migrant population.”
While at pains not to downplay the risk, or the potential carnage any one attack might bring, observers such as the journalist and author, Jason Burke, cautioned against overstating the case.
"This is nothing like the period between 2013 and 2017, when we had a consistently clear and direct threat to Europe," he said referring to ISIS and its ultimately doomed project to build and maintain a caliphate.
Radicalisation remained an issue, Mr Burke said, even though it may be occurring to a lesser degree.
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Lt Gen Erik Petersen, deputy chief of programs, US Army, has argued it took a “three decade holiday” on modernising tanks.
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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.”
MATCH INFO
Manchester United v Manchester City, Wednesday, 11pm (UAE)
Match is on BeIN Sports
Friday's schedule at the Etihad Airways Abu Dhabi Grand Prix
GP3 qualifying, 10:15am
Formula 2, practice 11:30am
Formula 1, first practice, 1pm
GP3 qualifying session, 3.10pm
Formula 1 second practice, 5pm
Formula 2 qualifying, 7pm
Our legal columnist
Name: Yousef Al Bahar
Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994
Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers
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