Thousands of demonstrators take part in anti-government protest in Tahrir Square in Cairo as they dug in for their third week of demonstrations.
Thousands of demonstrators take part in anti-government protest in Tahrir Square in Cairo as they dug in for their third week of demonstrations.
Thousands of demonstrators take part in anti-government protest in Tahrir Square in Cairo as they dug in for their third week of demonstrations.
Thousands of demonstrators take part in anti-government protest in Tahrir Square in Cairo as they dug in for their third week of demonstrations.

Poison pill in Egypt's constitution may hobble anti-Mubarak drive


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CAIRO // Protesters in Egypt have battled police and pro-regime activists in a bid to oust their long-time ruler and replace him in free elections, but they may have another hurdle to overcome: the constitution.

In two weeks of demonstrations, protesters have made it clear their first demand is the immediate resignation of President Hosni Mubarak, who has ruled Egypt for 30 years, longer than many of his younger opponents have been alive.

So far, he has attempted to placate them by appointing his first-ever vice president, pledging not to stand in September elections and offering to ease the conditions for presidential candidacy.

Protesters have held firm in their demand for his departure, but some activists and experts warn that the language of the constitution means his immediate exit could actually hamstring Egypt's democratic transition.

"The document has been booby-trapped," one Middle East expert, Nathan Brown, wrote in Foreign Policy magazine, pointing out that the power to change it lies exclusively with Mr Mubarak.

"For those who are attempting to move Egypt in a democratic direction … today's problem is how to force the regime to negotiate the terms of transition in good faith," he said.

If Mr Mubarak leaves office, the constitution requires presidential elections within 60 days, but its candidacy limits would virtually guarantee the top job to a member of his ruling National Democratic Party.

Hossam Bahgat, executive director of the Egyptian Initiative for Personal Rights, said: "It would be a disaster to have presidential elections under the current constitution."

Amendments made by Mr Mubarak himself impose "impossible conditions" on would-be candidates, intended to ensure "that he or his son or his chosen candidate can win, and that no other credible candidate is able to", he said.

Mr Bahgat and others argue that a middle road must be charted, keeping Mr Mubarak on temporarily so he can initiate constitutional reform, delegate power and usher in a broad-based transitional government.

"We would love of course to start over on a clean slate, but the problem is now, as change advocates, we need the constitution much more than Mubarak and his regime do," he said.

Other reformers agree. One group that includes the prominent businessman Naguib Sawiris, the analyst Amr Hamzawy and the journalist Salama Ahmed Salama outlined their reform proposal on the pages of the independent Al Shorouk newspaper.

An Egyptian rights group has even drawn up a 15-day timetable under which constitutional amendments could be drafted and voted upon.

The suggestions contain the same key points. They want Mr Mubarak to first delegate power to several vice presidents, effectively stripping his office of authority to do anything but amend the constitution and lift Egypt's emergency law.

The president would then offer amendments to some of the constitution's most controversial articles, including article 76 which governs candidacy and article 77 which removed term limits on the presidency.

In line with the constitution, the amendments would then be adopted by Egypt's legislature, in its final act before being dissolved.

Finally, the amendments would be put to a referendum, and new elections for the president and parliament would be organised after they were adopted.

The process could provide "a way out of the grave crisis that has plagued the country and its citizens", the group writing in Al Shorouk said.

For some demonstrators out on the street, the proposals miss the point, giving Mr Mubarak a way to leave his stamp on Egypt's future and cling to office a little longer.

Mr Bahgat acknowledges that some of the protesters see the constitutional proposals as a concession to a much-hated regime. But he defends them as essential.

"What we have achieved so far is tremendous," he said. "But at some point we have to get from the demonstrations into a transition to democracy."

ESSENTIALS

The flights

Emirates flies direct from Dubai to Rio de Janeiro from Dh7,000 return including taxes. Avianca fliles from Rio to Cusco via Lima from $399 (Dhxx) return including taxes. 

The trip

From US$1,830 per deluxe cabin, twin share, for the one-night Spirit of the Water itinerary and US$4,630 per deluxe cabin for the Peruvian Highlands itinerary, inclusive of meals, and beverages. Surcharges apply for some excursions.

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2025 Fifa Club World Cup groups

Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.

Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.

Group D: Flamengo, ES Tunis, Chelsea, Leon.

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

Group G: Manchester City, Wydad, Al Ain, Juventus.

Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.

The 12 Syrian entities delisted by UK 

Ministry of Interior
Ministry of Defence
General Intelligence Directorate
Air Force Intelligence Agency
Political Security Directorate
Syrian National Security Bureau
Military Intelligence Directorate
Army Supply Bureau
General Organisation of Radio and TV
Al Watan newspaper
Cham Press TV
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How to report a beggar

Abu Dhabi – Call 999 or 8002626 (Aman Service)

Dubai – Call 800243

Sharjah – Call 065632222

Ras Al Khaimah - Call 072053372

Ajman – Call 067401616

Umm Al Quwain – Call 999

Fujairah - Call 092051100 or 092224411

'Worse than a prison sentence'

Marie Byrne, a counsellor who volunteers at the UAE government's mental health crisis helpline, said the ordeal the crew had been through would take time to overcome.

“It was worse than a prison sentence, where at least someone can deal with a set amount of time incarcerated," she said.

“They were living in perpetual mystery as to how their futures would pan out, and what that would be.

“Because of coronavirus, the world is very different now to the one they left, that will also have an impact.

“It will not fully register until they are on dry land. Some have not seen their young children grow up while others will have to rebuild relationships.

“It will be a challenge mentally, and to find other work to support their families as they have been out of circulation for so long. Hopefully they will get the care they need when they get home.”

Dust and sand storms compared

Sand storm

  • Particle size: Larger, heavier sand grains
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Dust storm

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While you're here
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Kill%20
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ESSENTIALS

The flights 
Emirates, Etihad and Swiss fly direct from the UAE to Zurich from Dh2,855 return, including taxes.
 

The chalet
Chalet N is currently open in winter only, between now and April 21. During the ski season, starting on December 11, a week’s rental costs from €210,000 (Dh898,431) per week for the whole property, which has 22 beds in total, across six suites, three double rooms and a children’s suite. The price includes all scheduled meals, a week’s ski pass, Wi-Fi, parking, transfers between Munich, Innsbruck or Zurich airports and one 50-minute massage per person. Private ski lessons cost from €360 (Dh1,541) per day. Halal food is available on request.

'Shakuntala Devi'

Starring: Vidya Balan, Sanya Malhotra

Director: Anu Menon

Rating: Three out of five stars

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Director: Jesse Armstrong

Rating: 3.5/5

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Liverpool 0

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Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

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Cricket World Cup League Two: Nepal, Oman, United States tri-series, Tribhuvan University, Kathmandu

Fixtures
Wednesday February 5, Oman v Nepal
Thursday, February 6, Oman v United States
Saturday, February 8, United States v Nepal
Sunday, February 9, Oman v Nepal
Tuesday, February 11, Oman v United States
Wednesday, February 12, United States v Nepal

The%20specs
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The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.

Part three: an affection for classic cars lives on

Read part two: how climate change drove the race for an alternative 

Read part one: how cars came to the UAE

FROM%20THE%20ASHES
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Paatal Lok season two

Directors: Avinash Arun, Prosit Roy 

Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong

Rating: 4.5/5

Analysis

Maros Sefcovic is juggling multiple international trade agreement files, but his message was clear when he spoke to The National on Wednesday.

The EU-UAE bilateral trade deal will be finalised soon, he said. It is in everyone’s interests to do so. Both sides want to move quickly and are in alignment. He said the UAE is a very important partner for the EU. It’s full speed ahead - and with some lofty ambitions - on the road to a free trade agreement. 

We also talked about US-EU tariffs. He answered that both sides need to talk more and more often, but he is prepared to defend Europe's position and said diplomacy should be a guiding principle through the current moment. 

 

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.”