The deaths of 26 Christians during clashes with army troops on October 9 last year has served as a grim watershed
The deaths of 26 Christians during clashes with army troops on October 9 last year has served as a grim watershed

New government has failed us, say Egypt's Copts



CAIRO // Overwhelmed by anxiety and fear, some of Egypt's Coptic Christians now view life in the mainly Muslim nation as the worst in memory.

Islamists of all shades have risen to positions of power in Egypt since the president, Hosni Mubarak, was toppled last year.

The Muslim Brotherhood provided the nation with its first freely elected president, while its political party secured more parliamentary seats than any other party.

As the Brotherhood seeks to project an image of moderation and flexibility, the ultraconservative Salafis are tirelessly advocating a strict implementation of Sharia that could reduce Christians to the status of second-class citizens by barring them from certain jobs or forcing them to pay a special tax historically known as "jizyah".

Christian activist Beshawi Rifaat believes the plight of his community has worsened since Mohammed Morsi took office on June 30 and released scores of militants, with many of them speaking publicly against Christians.

"The persecution of the Christians comes from individuals and non-governmental groups and it is not countered by any government action," said Mr Rifaat. "I take its silence to mean approval."

Egypt's Christians, thought to account for about one in 10 of the nation's estimated 85-million people, led a mostly peaceful life under Mubarak's 29-year rule. They enjoyed the protection of a regime that had reserved its worst for Islamists, particularly militants with ideological convictions that called for Christians to be disenfranchised.

Since the fall of Mubarak nearly two years ago, however, they have suffered a wave of attacks on their churches, homes and businesses.

"The culture has changed," said Shadi Rasmy, a Christian civil engineer who lives in Cairo. "Any problem, no matter how small, that has anything to do with Christians is quickly turned into a cause for jihad.

"I don't see the future to be any better. There is nothing I see that suggests it will be."

The deaths of 26 Christians during clashes with army troops on October 9 last year has served as a grim watershed.

They were killed during a protest by hundreds of Christians angry against a string of attacks on churches and denouncing the military for failing to protect them. Soldiers attacked the crowd, crushing some protesters to death with military vehicles and shooting others.

The anniversary last week prompted several rights groups to threaten to take the case to the International Criminal Court in The Hague if the authorities failed to prosecute those responsible.

But it is the uproar over the anti-Islam film Innocence of Muslims, made by a US-based Egyptian Christian, that has deepened the predicament of Christians in Egypt.

Last month's wave of deadly, anti-film protests in Egypt, and across the Muslim world, has revived a debate in the West over freedom of speech, with many there condemning the film but defending the rights of its makers and deploring the violent protests.

In Egypt, the uproar led to the revival of calls for a global law that bans insults against religion, something that the West is unlikely to consider.

The protests have also prompted Islamists to resort to legal channels against Christians, using a vaguely defined charge of "contempt for religion" to bring them before the courts. There have been 17 court cases involving that charge since January last year, about a third of them in recent weeks.

Anyone convicted of showing contempt for religion can face up to five years in jail.

Alber Saber, a Christian, was the first to be charged since the film protests began. He is on trial for posting material on his Facebook page deemed offensive to religion. His neighbours jubilantly greeted his arrest, gathering in their hundreds outside his house while the police searched his apartment.

Last week, two Christian schoolboys were detained by police after a Salafist alleged they had urinated on a copy of the Quran in a village in Beni Suef province. Anticipating violence as angry residents gathered outside the police station, security forces surrounded the village and the boys were taken to a juvenile detention facility. They were released on Thursday.

A Coptic schoolteacher, also from a province south of Cairo, was questioned by police last week and detained overnight after her students accused her of insulting the prophet in class. The teacher was released, but the charge against her has not been dropped.

During the 18-day uprising that toppled Mubarak's regime, Muslims and Christians prayed together in Tahrir Square.

But Mr Morsi appears to have nothing new to offer Muslim-Christian harmony.

He has, for example, been repeating the old Mubarak-era saying that there is no such thing in Egypt as a majority and a minority, a stand that has long been criticised by rights groups as an attempt to sweep a serious problem under the rug.

He has also failed to deliver on his election campaign promise to name a Christian as one of his vice presidents. His Cabinet includes a single Christian, a woman and his only Christian adviser has quit the panel tasked with drafting a new constitution in protest over Islamist domination of the process.

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Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan

Star rating: 2/5

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COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
What is blockchain?

Blockchain is a form of distributed ledger technology, a digital system in which data is recorded across multiple places at the same time. Unlike traditional databases, DLTs have no central administrator or centralised data storage. They are transparent because the data is visible and, because they are automatically replicated and impossible to be tampered with, they are secure.

The main difference between blockchain and other forms of DLT is the way data is stored as ‘blocks’ – new transactions are added to the existing ‘chain’ of past transactions, hence the name ‘blockchain’. It is impossible to delete or modify information on the chain due to the replication of blocks across various locations.

Blockchain is mostly associated with cryptocurrency Bitcoin. Due to the inability to tamper with transactions, advocates say this makes the currency more secure and safer than traditional systems. It is maintained by a network of people referred to as ‘miners’, who receive rewards for solving complex mathematical equations that enable transactions to go through.

However, one of the major problems that has come to light has been the presence of illicit material buried in the Bitcoin blockchain, linking it to the dark web.

Other blockchain platforms can offer things like smart contracts, which are automatically implemented when specific conditions from all interested parties are reached, cutting the time involved and the risk of mistakes. Another use could be storing medical records, as patients can be confident their information cannot be changed. The technology can also be used in supply chains, voting and has the potential to used for storing property records.

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Joseph E. Stiglitz
W. W. Norton & Company

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Simon Nadim has completed 7,000 dives. 

The hardest dive in the UAE is the German U-boat 110m down off the Fujairah coast. 

As a child, he loved the documentaries of Jacques Cousteau

He also led a team that discovered the long-lost portion of the Ines oil tanker. 

If you are interested in diving, he runs the XR Hub Dive Centre in Fujairah

 

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4.35pm: Tilal Al Khalediah
5.10pm: Continous
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Trips on the Golden Eagle Trans-Siberian cost from US$16,995 (Dh62,414) per person, based on two sharing.

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Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

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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How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

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MATCH INFO

Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid

When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid

UAE currency: the story behind the money in your pockets
The rules on fostering in the UAE

A foster couple or family must:

  • be Muslim, Emirati and be residing in the UAE
  • not be younger than 25 years old
  • not have been convicted of offences or crimes involving moral turpitude
  • be free of infectious diseases or psychological and mental disorders
  • have the ability to support its members and the foster child financially
  • undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
  • A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially
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