Libya’s leader Muammar Qaddafi, who died in 2011, backed the IRA with money and arms. Reuters
Libya’s leader Muammar Qaddafi, who died in 2011, backed the IRA with money and arms. Reuters
Libya’s leader Muammar Qaddafi, who died in 2011, backed the IRA with money and arms. Reuters
Libya’s leader Muammar Qaddafi, who died in 2011, backed the IRA with money and arms. Reuters

UK refuses to publish Libya-funded terrorism report over national security fears


Paul Peachey
  • English
  • Arabic

The UK government faces growing pressure to publish a report into compensation for victims of Libyan-backed Irish terrorism after refusing on the grounds it would damage Britain’s international relations.

Bereaved relatives and injured victims are demanding compensation from Libya after terrorist attacks used explosives supplied by the regime of Muammar Qaddafi during the three-decade armed struggle for Irish independence.

The opposition Labour party added its weight to calls for the publication of the government-commissioned report by former charity regulator William Shawcross, which was completed nearly a year ago.

Louise Haigh, Labour’s Northern Ireland spokeswoman, said further delays were “intolerable” for victims who have been pursuing compensation for attacks from before the 1998 peace deal.

Victims had expected the government to publish the report but officials refused to hand it over to lawyers representing a man injured in a 1988 bombing in Belfast.

Belfast law firm KRW Law said the request was refused on the grounds of national security and that it would “prejudice international relations”.

“What is so sensitive about this particular report?” said Jonathan Ganesh, head of a group of people injured or bereaved in the Irish Republican Army’s 1996 bombing of the Docklands financial district in London. “When we get closer to answers, they use this issue of national security for the first time.”

Col Qaddafi, who died a decade ago, supplied weapons and explosives to the Irish terrorist groups. They are believed to have been used in attacks including at a Remembrance Day service at Enniskillen, Northern Ireland in 1987, which killed 12 and an attack in Warrington, north-west England in 1992, which killed two children. At least 3,500 were killed in the attacks, part of a campaign known as The Troubles.

In March, Mr Shawcross delivered his report examining how best to secure compensation from Libya for victims of Irish terrorism but the government has not committed to publishing his findings. A Foreign Office representative said ministers are "carefully considering the complex issues" raised.

In her letter to Foreign Secretary Dominic Raab, Ms Haigh said the victims must be told about the results of the Shawcross review as a matter of urgency.

“It is time the report was urgently released and victims were given answers and the redress they have fought so long for,” she wrote. “Further delays are simply intolerable."

Mr Ganesh said the UK government had raised the expectations of victims then denied them access to the report.

"The present UK Conservative government have put the victims through immense pain by the lack of genuine care," he said.

Col Qaddafi in 2004 agreed to dismantle his chemical weapons programme and pay compensation to victims from the plane that was blown up over Lockerbie in Scotland in 1988.

But the deal struck with former prime minister Tony Blair did not address the issue of broader compensation claims for victims of Libyan-supplied explosives.

The UK’s longstanding position has been not to pursue government-to-government negotiations with Libya on behalf of victims.

The families of victims of Libyan-provided Semtex have been told they should launch individual claims rather than rely on the administration of Boris Johnson to negotiate with any future Libyan government.

Relatives say the suggestion is impractical and compared the government’s stance to the US, which passed laws in 2008 that allowed the Qaddafi regime to pay $1 billion in compensation for American victims.

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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TEACHERS' PAY - WHAT YOU NEED TO KNOW

Pay varies significantly depending on the school, its rating and the curriculum. Here's a rough guide as of January 2021:

- top end schools tend to pay Dh16,000-17,000 a month - plus a monthly housing allowance of up to Dh6,000. These tend to be British curriculum schools rated 'outstanding' or 'very good', followed by American schools

- average salary across curriculums and skill levels is about Dh10,000, recruiters say

- it is becoming more common for schools to provide accommodation, sometimes in an apartment block with other teachers, rather than hand teachers a cash housing allowance

- some strong performing schools have cut back on salaries since the pandemic began, sometimes offering Dh16,000 including the housing allowance, which reflects the slump in rental costs, and sheer demand for jobs

- maths and science teachers are most in demand and some schools will pay up to Dh3,000 more than other teachers in recognition of their technical skills

- at the other end of the market, teachers in some Indian schools, where fees are lower and competition among applicants is intense, can be paid as low as Dh3,000 per month

- in Indian schools, it has also become common for teachers to share residential accommodation, living in a block with colleagues

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