PARIS // No great powers of observation have been required to notice the anti-French sentiments of some of the protesters involved in the upheaval in Tunisia.
Among the banners seen prominently in photographs flashed around the world, one bore a slogan calling the French president, Nicolas Sarkozy, an accomplice in the discredited dictatorship of Zine el Abidine Ben Ali.
It took Mr Sarkozy, and much of France, the best part of a month to appreciate that more than half a century after Tunisia's independence, the former colonial power and its leaders were still viewed with suspicion by many of what were Mr Ben Ali's subjects.
The feeling extends from Tunis to the large Tunisian communities of Paris and such cities as Nice, Lyon, St Etienne and Lille. And it is shared by Maghrebins from or having family roots in Morocco and Algeria, free of French rule since 1956 and 1962 respectively.
More than 2.5 million immigrants from the Maghreb are thought to live in France but the number of people with North African roots is at least three times higher.
Tarek Mami, the director of the Paris-based FranceMaghreb radio station, who is of Tunisian origin, said: "There have been serious problems with French press coverage of events in Tunisia. Initially they reported the riots against unemployment or rising food prices but without any analysis.
"When it became obvious we were dealing with a social revolution, the French press again avoided deep analysis and sensationalised what was happening by dwelling on such things as the gold taken from the country by Ben Ali's wife."
Only later and still inadequately, Mr Mami felt, did the French mainstream media begin to catch up with the internet, especially social networks such as Facebook and Twitter, in offering a reasoned explanation of events.
Mr Mami, who estimates his station is heard by 120,000 French Arabs daily, blames the media shortcomings on a tendency to view North Africa through French or more generally western eyes.
Maghrebin observers in France also feel successive presidents - François Mitterrand, Jacques Chirac and Mr Sarkozy - have approached the region with blinkered vision.
While France may pride itself on helping its former colonies improve education, health and infrastructure, its leaders are seen as ignoring the democratic aspirations of the people. This distrust is aggravated by the alienation felt by France's large immigrant population. There is widespread acceptance that those of Arab origin, even if born and educated in France, suffer discrimination in jobs and housing; Maghrebins watch with dismay the intermittent surges in popularity of the far-right, anti-immigration Front National.
Among the French, in turn, there is resentment at the lack of respect shown by immigrant families towards national values and institutions, from derisive whistling by French-Algerians when La Marseillaise is played at football stadiums to the supposed "Islamification" of society.
French officialdom's failure to understand the true nature of the Tunisian uprising was belatedly acknowledged by Mr Sarkozy in a press conference at the Elysée Palace this week.
The president admitted he had underestimated the depth of popular anger in Tunisia and the scale of support for the protest movement.
Earlier in the crisis, French ministers had enraged Tunisians opposed to Mr Ben Ali with comments supporting his regime.
Only when Mr Ben Ali was preparing to flee the country, after 23 years in power, did France join in international criticism of his government's heavy-handed response to protests.
Ministers had previously highlighted positive aspects of the regime's work. Mr Sarkozy's foreign minister, Michèle Alliot-Marie, went as far as to say France was prepared to make its internationally recognised security service skills available as the Tunisia authorities sought to quell the revolt.
Vincent Geisser, a specialist in Arab affairs at the National Centre for Scientific Research in Paris, told France 24 television the French response to the events had been "unrealistic and shocking to many".
Now, in his attempt to make amends, Mr Sarkozy has promised emergency aid to the interim government. He said France's traditional closeness to Tunisia had left it unable to step back and take a clear view.
"Behind the emancipation of women, the drive for education and training, the economic dynamism, the emergence of a middle class, there was a despair, a suffering, a sense of suffocation," he said of life in Tunisia. "We have to recognise that we underestimated this."
Mr Sarkozy added that colonial powers lacked legitimacy when passing judgment on the internal affairs of former territories. "I do not want France to be likened to a country that has kept its colonial habits," he said.
Agence France-Presse has now reported that French public prosecutors have begun investigating the Parisian property interests of Mr Ben Ali and his entourage. The move follows the commencement of civil legal proceedings by three groups, including the Arab Commission for Human Rights, which estimate the value of these assets at €3.6 billion (Dh18.1 billion).
But it remains to be seen whether France's recognition of the clamour for freedom in Tunisia will be enough to impress its own Maghrebin communities, let alone the people of the North African state and its neighbours.
At Radio FranceMaghreb, Mr Mami said France would be judged by its actions. "It has a responsibility to show it is concerned about ordinary people in the region, and their right to freedom and justice, and not just French political and business interests," he said.
foreign.desk@thenational.ae
BEETLEJUICE BEETLEJUICE
Starring: Winona Ryder, Michael Keaton, Jenny Ortega
Director: Tim Burton
Rating: 3/5
What's in the deal?
Agreement aims to boost trade by £25.5bn a year in the long run, compared with a total of £42.6bn in 2024
India will slash levies on medical devices, machinery, cosmetics, soft drinks and lamb.
India will also cut automotive tariffs to 10% under a quota from over 100% currently.
Indian employees in the UK will receive three years exemption from social security payments
India expects 99% of exports to benefit from zero duty, raising opportunities for textiles, marine products, footwear and jewellery
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Schedule for Asia Cup
Sept 15: Bangladesh v Sri Lanka (Dubai)
Sept 16: Pakistan v Qualifier (Dubai)
Sept 17: Sri Lanka v Afghanistan (Abu Dhabi)
Sept 18: India v Qualifier (Dubai)
Sept 19: India v Pakistan (Dubai)
Sept 20: Bangladesh v Afghanistan (Abu Dhabi) Super Four
Sept 21: Group A Winner v Group B Runner-up (Dubai)
Sept 21: Group B Winner v Group A Runner-up (Abu Dhabi)
Sept 23: Group A Winner v Group A Runner-up (Dubai)
Sept 23: Group B Winner v Group B Runner-up (Abu Dhabi)
Sept 25: Group A Winner v Group B Winner (Dubai)
Sept 26: Group A Runner-up v Group B Runner-up (Abu Dhabi)
Sept 28: Final (Dubai)
At a glance
Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.
Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year
Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month
Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30
Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse
Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth
Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances
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More from Neighbourhood Watch:
Planes grounded by coronavirus
British Airways: Cancels all direct flights to and from mainland China
Hong Kong-based Cathay Pacific: Cutting capacity to/from mainland China by 50 per cent from Jan. 30
Chicago-based United Airlines: Reducing flights to Beijing, Shanghai, and Hong Kong
Ai Seoul: Suspended all flights to China
Finnair: Suspending flights to Nanjing and Beijing Daxing until the end of March
Indonesia's Lion Air: Suspending all flights to China from February
South Korea's Asiana Airlines, Jeju Air and Jin Air: Suspend all flights
The National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young
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.”
RESULTS
%3Cp%3E%3Cstrong%3E9pm%3A%20Maiden%20(PA)%20Dh70%2C000%20(Dirt)%202%2C000m%3C%2Fstrong%3E%3Cbr%3EWinner%3A%20Mubhir%20Al%20Ain%2C%20Antonio%20Fresu%20(jockey)%2C%20Ahmed%20Al%20Mehairbi%20(trainer)%3Cbr%3E%3Cstrong%3E9.30pm%3A%20Handicap%20(TB)%20Dh70%2C000%20(D)%202%2C000m%3C%2Fstrong%3E%3Cbr%3EWinner%3A%20Exciting%20Days%2C%20Oscar%20Chavez%2C%20Doug%20Watson%3Cbr%3E%3Cstrong%3E10pm%3A%20Al%20Ain%20Cup%20%E2%80%93%20Prestige%20(PA)%20Dh100%2C000%20(D)%202%2C000m%3C%2Fstrong%3E%3Cbr%3EWinner%3A%20Suny%20Du%20Loup%2C%20Marcelino%20Rodrigues%2C%20Hamad%20Al%20Marar%3Cbr%3E%3Cstrong%3E10.30pm%3A%20Maiden%20(PA)%20Dh70%2C000%20(D)%201%2C800m%3C%2Fstrong%3E%3Cbr%3EWinner%3A%20Jafar%20Des%20Arnets%2C%20Oscar%20Chavez%2C%20Ahmed%20Al%20Mehairbi%3Cbr%3E%3Cstrong%3E11pm%3A%20Wathba%20Stallions%20Cup%20%E2%80%93%20Handicap%20(PA)%20Dh70%2C000%20(D)%201%2C600m%3C%2Fstrong%3E%3Cbr%3EWinner%3A%20Taj%20Al%20Izz%2C%20Richard%20Mullen%2C%20Ibrahim%20Al%20Hadhrami%3Cbr%3E%3Cstrong%3E11.30pm%3A%20Maiden%20(PA)%20Dh70%2C000%20(D)%201%2C400m%3C%2Fstrong%3E%3Cbr%3EWinner%3A%20Majdy%2C%20Antonio%20Fresu%2C%20Jean%20de%20Roualle%3Cbr%3E%3Cstrong%3E12am%3A%20Maiden%20(PA)%20Dh70%2C000%20(D)%201%2C400m%3C%2Fstrong%3E%3Cbr%3EWinner%3A%20Hamloola%2C%20Sam%20Hitchcott%2C%20Salem%20Al%20Ketbi%3C%2Fp%3E%0A
A general guide to how active you are:
Less than 5,000 steps - sedentary
5,000 - 9,999 steps - lightly active
10,000 - 12,500 steps - active
12,500 - highly active
The five pillars of Islam
Specs
Price, base: Dhs850,000
Engine: 3.9-litre twin-turbo V8
Transmission: Seven-speed automatic
Power: 591bhp @ 7,500rpm
Torque: 760Nm @ 3,000rpm
Fuel economy, combined: 11.3L / 100km
Dust and sand storms compared
Sand storm
- Particle size: Larger, heavier sand grains
- Visibility: Often dramatic with thick "walls" of sand
- Duration: Short-lived, typically localised
- Travel distance: Limited
- Source: Open desert areas with strong winds
Dust storm
- Particle size: Much finer, lightweight particles
- Visibility: Hazy skies but less intense
- Duration: Can linger for days
- Travel distance: Long-range, up to thousands of kilometres
- Source: Can be carried from distant regions
MATCH INFO
Inter Milan 2 (Vecino 65', Barella 83')
Verona 1 (Verre 19' pen)