Anti-government protesters stand atop a police vehicle in Suez, Egypt.
Anti-government protesters stand atop a police vehicle in Suez, Egypt.
Anti-government protesters stand atop a police vehicle in Suez, Egypt.
Anti-government protesters stand atop a police vehicle in Suez, Egypt.

Suez is back to work, but the future feels very uncertain


  • English
  • Arabic

SUEZ CITY // Residents of this industrial city find hope in the growing signs of stability on their streets, after days of upheaval that has paralysed the local government and its once powerful security network.

Businesses have reopened while residents are tentatively leaving their homes. The new de facto ruler of Suez city, the Egyptian military, now maintains a firm presence, its soldiers directing traffic and cleaning up the aftermath of the mobs who, only a few days ago, torched police vehicles and burnt down a fire station.

Yet, as some normality takes hold, an unfamiliar discourse swirls in Suez's coffee shops. Where welders, ship captains and taxi drivers used to discuss football and food prices over tea and dominoes, now the talk is about a new, but very uncertain, future.

Many discuss the whereabouts of Suez's governor, Mohammed Saif Din, who residents say has not been seen in days. And while much of the dreaded police force has all but evaporated, concerns abound that a local government with the same flaws as the one they essentially deposed - corruption, brutality, apathy - will re-emerge.

Indeed, what will become of Suez's hard-fought battle for freedom is still anyone's guess. While in Tahrir Square the protests are calling for the removal of President Hosni Mubarak, in Suez they are quick to defend him, perhaps out of fear.

Some of the first protests against Mr Mubarak and his government erupted in this city of half a million people. Days before Cairo's mass protests began on January 25, hundreds of workers in Suez rallied against factory owners, who had begun replacing them with less expensive labourers from India, Thailand and Bangladesh.

During the next week, as the protests gathered pace in other parts of Egypt, Suez exploded. Thousands took to the city's Arbaeen district, protesting against high unemployment, rising prices and low wages and also what they said was endemic corruption among officials and systemic police harassment and brutality. One man tried to set himself on fire.

"Every day we hear something happening in Cairo, in Alexandria, but we never thought it would happen here in Suez," said Mohammed Foukry, 38, a shipping agent and part-time taxi driver. "The people here they complain, but they also accept so much. But then, all of a sudden … boom! There were no leaders, nobody telling us you go here or there. Everybody just came out on the streets."

The people of Suez, regarded by many Egyptians as tough-minded, had borne much of the brunt of their country's wars with Israel. It was virtually flattened after the 1967 Arab-Israeli war, and damaged again in 1973, and has since been rebuilt into uniform clusters of staid four-storey apartment complexes.

By January 28, their toughness was on full display: out of 24 killed across the country during the protests, 13 were from Suez

"After January 25, everybody here hate the police," Mr Foukry said, 38, who said he watched from his mother's apartment as protesters set fire to the police station and half a dozen police vehicles. "I just watch, but in my heart I am happy. Happy to see the police running. The police always stop us and make excuses to get more money from us. They just create problems for us."

The army, which has gone to great lengths to stabilise Suez's economy and its prized possession, the Suez Canal, insists that the governorate is no longer a violent flashpoint.

At least superficially, that is true. The protests ended a few days ago and the city is back to work, with banks open, people shopping and filling the markets and cafes.

Throughout the violence, the Suez Canal did not shut down. Some two per cent of global oil production passes through the canal, and those ships generated $4 billion (Dh14.7bn) in revenue in 2009/2010, according to Egyptian authorities. With the tourism industry battered by the protests, soldiers are escorting oil tankers from the port to distribution.

The army is now in control of the city, much to the relief of its residents. But while people say they feel freer to discuss what before they could only joke about, there is still a palpable fear. Not long after two reporters from The National entered the al Borsa coffee shop along Al Geish street in downtown Suez, two patrons slipped out and within minutes, soldiers appeared.

The situation in Suez is emblematic of most Egyptian grievances. Unemployment stood at 11 per cent, according to figures on the Suez governate website. Most people hold down at least two jobs and residents say prices are rising faster than salaries.

Compounding this are allegations of pervasive greed and corruption among officials.

Mohammed Lokka, 32, said he applied to the police for a taxi licence but was given one that did not allow him to either pick up passengers or enter the train or bus stations. "We haven't had this sort of licence for five years," he said.

With a family of five to support, Mr Lokka felt he had no choice but to defy the restrictions. He was stopped nine times, he said, and each time police issued a hefty fine.

Within the space of two days, his car was impounded twice, and each time police demanded he pay 8,000 Egyptian pounds to have it released, he said.

Finally, the financial hardships and official red tape was too much to bear. "I thought it would be better if I died."

So on January 23, standing near a police station, he doused himself in gasoline and tried to light a match. He was stopped by friends, causing only some superficial scarring to his hands.

Mr Lokka does not care much whether Mr Mubarak will fall or not. What he wants is to be able to drive his car without police stopping him every 10 minutes and demanding fines.

With the police now run out of town, and the governor gone to ground, many are beginning to question what will become of their city.

Mr Foukry, the father of three, says he is not against Mr Mubarak. "He's a good man. I have a picture of him in my house. But he is old, he is 82 years old, and he relies too much on the people around him."

One of those people is Mr El Din. Mr Foukry says the governor was with Mr Mubarak in Ethiopia in 1995 when the president was shot and perhaps saved his life. As a reward, Mr Mubarak "gave him the city".

But the question remains, for how long will the government, any government, allow a lucrative city such as Suez, with its oil production and transportation hub, to go un-governed and how will this change the freedom the people of Suez are enjoying today?

"We don't know how long we can last", Mr Foukry said. "How long we can be like this."

The%20specs
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EMIRATES'S%20REVISED%20A350%20DEPLOYMENT%20SCHEDULE
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Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

'Cheb%20Khaled'
%3Cp%3E%3Cstrong%3EArtist%3A%20%3C%2Fstrong%3EKhaled%3Cbr%3E%3Cstrong%3ELabel%3A%20%3C%2Fstrong%3EBelieve%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

RESULTS

2.15pm Maiden (PA) Dh40,000 (Dirt) 1,200m

Winner Shawall, Abdul Aziz Al Balushi (jockey), Majed Al Jahouri (trainer)

2.45pm Handicap (PA) Dh40,000 (D) 1,200m

Winner Anna Bella Aa, Fabrice Veron, Abdelkhir Adam

3.15pm Handicap (PA) Dh40,000 (D) 1,200m

Winner AF Thayer, Tadhg O’Shea, Ernst Oertel

3.45pm Handicap (PA) Dh40,000 (D) 1,700m

Winner Taajer, Fabrice Veron, Eric Lemartinel

4.15pm The Ruler of Sharjah Cup – Prestige (PA) Dh250,000 (D) 1,700m

Winner Jawaal, Jim Crowley, Majed Al Jahouri

4.45pm Handicap (TB) Dh40,000 (D) 2,000m

Winner Maqaadeer, Jim Crowley, Doug Watson

UAE SQUAD

Omar Abdulrahman (Al Hilal), Ali Khaseif, Ali Mabkhout, Salem Rashed, Khalifa Al Hammadi, Khalfan Mubarak, Zayed Al Ameri, Mohammed Al Attas (Al Jazira), Khalid Essa, Ahmed Barman, Ryan Yaslam, Bandar Al Ahbabi (Al Ain), Habib Fardan, Tariq Ahmed, Mohammed Al Akbari (Al Nasr), Ali Saleh, Ali Salmin (Al Wasl), Adel Al Hosani, Ali Hassan Saleh, Majed Suroor (Sharjah), Ahmed Khalil, Walid Abbas, Majed Hassan, Ismail Al Hammadi (Shabab Al Ahli), Hassan Al Muharrami, Fahad Al Dhahani (Bani Yas), Mohammed Al Shaker (Ajman)

'My Son'

Director: Christian Carion

Starring: James McAvoy, Claire Foy, Tom Cullen, Gary Lewis

Rating: 2/5

RESULT

Liverpool 4 Southampton 0
Jota (2', 32')
Thiago (37')
Van Dijk (52')

Man of the match: Diogo Jota (Liverpool)

ALRAWABI%20SCHOOL%20FOR%20GIRLS
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Abu Dhabi World Pro 2019 remaining schedule:

Wednesday April 24: Abu Dhabi World Professional Jiu-Jitsu Championship, 11am-6pm

Thursday April 25:  Abu Dhabi World Professional Jiu-Jitsu Championship, 11am-5pm

Friday April 26: Finals, 3-6pm

Saturday April 27: Awards ceremony, 4pm and 8pm

SPEC%20SHEET%3A%20APPLE%20IPHONE%2015%20PRO%20MAX
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SPECS
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Cricket World Cup League Two

Oman, UAE, Namibia

Al Amerat, Muscat

 

Results

Oman beat UAE by five wickets

UAE beat Namibia by eight runs

 

Fixtures

Wednesday January 8 –Oman v Namibia

Thursday January 9 – Oman v UAE

Saturday January 11 – UAE v Namibia

Sunday January 12 – Oman v Namibia

COMPANY%20PROFILE%20
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Company profile

Date started: December 24, 2018

Founders: Omer Gurel, chief executive and co-founder and Edebali Sener, co-founder and chief technology officer

Based: Dubai Media City

Number of employees: 42 (34 in Dubai and a tech team of eight in Ankara, Turkey)

Sector: ConsumerTech and FinTech

Cashflow: Almost $1 million a year

Funding: Series A funding of $2.5m with Series B plans for May 2020

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.”

The Case For Trump

By Victor Davis Hanson
 

Champions League Last 16

 Red Bull Salzburg (AUT) v Bayern Munich (GER) 

Sporting Lisbon (POR) v Manchester City (ENG) 

Benfica (POR) v Ajax (NED) 

Chelsea (ENG) v Lille (FRA) 

Atletico Madrid (ESP) v Manchester United (ENG) 

Villarreal (ESP) v Juventus (ITA) 

Inter Milan (ITA) v Liverpool (ENG) 

Paris Saint-Germain v Real Madrid (ESP)  

MEFCC information

Tickets range from Dh110 for an advance single-day pass to Dh300 for a weekend pass at the door. VIP tickets have sold out. Visit www.mefcc.com to purchase tickets in advance.

In%20the%20Land%20of%20Saints%20and%20Sinners
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The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
Kat Wightman's tips on how to create zones in large spaces

 

  • Area carpets or rugs are the easiest way to segregate spaces while also unifying them.
  • Lighting can help define areas. Try pendant lighting over dining tables, and side and floor lamps in living areas.
  • Keep the colour palette the same in a room, but combine different tones and textures in different zone. A common accent colour dotted throughout the space brings it together.
  • Don’t be afraid to use furniture to break up the space. For example, if you have a sofa placed in the middle of the room, a console unit behind it will give good punctuation.
  • Use a considered collection of prints and artworks that work together to form a cohesive journey.