A Syrian man carries a luggage as refugees prepare to leave the Lebanese capital Beirut to return to their homes in Syria on September 9, 2018. - A group of Syrian refugees left the Lebanese capital for their homeland on September 9 as part of an organised operation coordinated between Lebanese and Syrian authorities. (Photo by ANWAR AMRO / AFP)
A Syrian man carries luggage as refugees prepare to leave the Lebanese capital, Beirut to return to their homes in Syria. AFP

Activists accuse Syrian government of arresting returnees



Activist-run monitoring groups are accusing the Syrian government of arresting hundreds of refugees and internally displaced Syrians who have returned to government-held territory.

The Syrian government has been calling on refugees to return arguing that the conditions are now safe after a string of government victories secured President Bashar Assad’s control over more than sixty percent of the country.

The Russian military on Friday said nearly 270,000 Syrian refugees have returned home in recent months- a small portion of the 5.6 million Syrians who are believed to have fled abroad to escape the conflict.

Many are returning from neighbouring Lebanon, which has spearheaded the repatriation of Syrian refugees. Lebanese security agencies estimate that around 80,000 Syrians have returned since July.

The reopening of the Nassib border crossing between Jordan and Syria in October has prompted the Syrian government to double-down on calls for the millions of refugees there to return home.

UN agencies and rights groups, however, say that repatriation may be premature, especially since they cannot guarantee that returns are being done in a voluntary and safe manner. Many fear refugees would face persecution returning to government-controlled areas in the absence of a comprehensive political agreement.

The UK-based Syrian Observatory for Human Rights (SOHR) on Friday said that more than 700 repatriates have been arrested since October, after returning to government-held parts of the country. It said that the returnees were mostly from Lebanon, Jordan, Turkey and other countries in the region.

Off the 700, only 230 remain detained, the monitoring group said, explaining that most had been released after brief detention.

The reason behind their arrest was not immediately clear, but the Syrian government has been known to detain people on charges of assisting or supporting rebel groups. Relatives of rebel sympathizers have also been detained in the past as a pressure tactic.

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Lebanon’s minister of refugee affairs confirmed to the National on Sunday that his office has received reports of Syrians being detained after returning to government-held parts of Syria from Lebanon, but said that he could not detail how many.

The National also tried to contact The Refugee Affairs Directorate at Jordan’s interior ministry, but they were not available for comment.

The Syrian Network for Human Rights, a separate activist-run monitoring group, corroborated reports by the SOHR in the latest instalment of its monthly reports on arbitrary detention in Syria.

The SNHR said it documented a total of 488 arbitrary arrests carried out by warring parties in Syria during the month of October. Syrian government forces were responsible for more than 60 percent of arrests, the monitoring group said.

Those who were arrested, included internally displaced civilians who returned from northern Syria to government-held regions after accepting so-called reconciliation deals, the SNHR said. Additionally, “Syrian regime forces launched a sweeping arrest campaign against individuals who had returned from neighbouring countries."

The SNHR did not provide specific figures.

In recent months, Damascus has taken measures to encourage returns. Earlier in October, President  Assad signed a decree granting amnesty to all those who accused of desertion, failure to follow conscription notices or failure to follow orders during the war, on the condition they report to authorities within four to six months.

Earlier this month, the Syrian military issued a new circular discharging individuals called up for reservist military service and dropping penalties against those who dodged extra military duty. An estimated 800,000 men, both inside and outside Syria, are expected to be covered by the decision.

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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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