Leaders from Canada’s Muslim and Jewish communities are gathering in Ottawa for a two-day conference on Islamophobia and anti-Semitism.
The National Council of Canadian Muslims has published 61 recommendations for all levels of Canadian government to help end Islamophobia and racism.
Among the council's requests are to appoint a special envoy on Islamophobia, to challenge Bill 21 — a Quebec law that bars public servants from wearing religious symbols — and to establish a federal strategy to end Islamophobia by the end of the year.
In June, a man rammed his pickup truck into a Muslim family in London, Ontario, killing four and severely injuring a child.
The attack came four years after a man walked into a mosque in Quebec City and killed six worshippers.
More Muslims have been killed in targeted hate attacks in Canada than in any other G7 country in the past five years due to Islamophobia, the council stated in their pre-conference report.
The event will bring together religious leaders, academics, activists and politicians.
“Our government knows that we need to keep having these conversations to accelerate our work to combat systemic racism in Canada,” said Bardish Chagger, Minister of Diversity, Inclusion and Youth, in a statement released this month.
“As we work to build a safer and consciously more inclusive society, we will continue to listen to the lived experiences of communities affected by racism and hate.”
Wednesday’s portion of the conference will focus on combating anti-Semitism. On Thursday, the focus will shift towards curbing Islamophobia.
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Four people were killed and one was injured in what police in London, Ontario, Canada, say was a hate crime against Muslims. Nafisa Azima and her daughter, Seena Safdari, visit a memorial at the place where a family of five was struck by a hit-and-run motorist. AP Photo -

Abood, 18, left, and his sister Zeina Abdulhadi, 15, visit a memorial to the family of five hit by a driver, in London, Ontario, Canada. AP Photo -

Floral tributes become a makeshift memorial on the street in London, Ontario, Canada, where a pick-up struck five members of a Muslim family in what police say was a hate crime. Four people were killed in the attack. Reuters -

Zubair Ahmad and his wife put up a poster at the scene where pick-up jumped the kerb and ran over a Muslim family in London, Ontario, Canada. Four people were killed in the attack. Reuters -

Flowers are laid at the scene where police in London, Ontario, Canada, say a man driving a pick-up jumped the kerb and ran over a Muslim family. Four people were killed. Reuters -

Clara Meagher, left, and Kelyalynn Detibeiro put up a sign at the scene in London, Ontario, Canada, where four of five members of a Muslim family were killed by what police say was a hit-and-run attacker. Reuters -

Candles are arranged in a heart shape at a makeshift memorial to the members of Muslim family killed by a hit-and-run driver in London, Ontario, Canada. Reuters -

People gather at a makeshift memorial in London, Ontario, Canada, for four members of a Muslim family killed in what police say was a hit-and-run attack. Reuters -

Torpenky Khan looks at a street sign flattened when four of five members of a Muslim family were killed by a hit-and-run driver in London, Ontario, Canada. AP Photo -

Visitors gather at a makeshift memorial to members of a Muslim family who were killed in a hit-and-run attack in London, Ontario, Canada. Police say the incident was a hate crime. Reuters -

Misty Santerre and her daughter Jasmina visit the scene in London, Ontario, Canada, where a man driving a pick-up jumped the kerb and ran over a Muslim family in what police are calling a hate crime. Reuters -

A line of police officers look for evidence at the scene of a car crash in London, Ontario, Canada. Four of five members of a Muslim family were killed when a vehicle struck them in what investigators say was a hate crime. AP Photo
Rankings
ATP: 1. Novak Djokovic (SRB) 10,955 pts; 2. Rafael Nadal (ESP) 8,320; 3. Alexander Zverev (GER) 6,475 ( 1); 5. Juan Martin Del Potro (ARG) 5,060 ( 1); 6. Kevin Anderson (RSA) 4,845 ( 1); 6. Roger Federer (SUI) 4,600 (-3); 7. Kei Nishikori (JPN) 4,110 ( 2); 8. Dominic Thiem (AUT) 3,960; 9. John Isner (USA) 3,155 ( 1); 10. Marin Cilic (CRO) 3,140 (-3)
WTA: 1. Naomi Osaka (JPN) 7,030 pts ( 3); 2. Petra Kvitova (CZE) 6,290 ( 4); 3. Simona Halep (ROM) 5,582 (-2); 4. Sloane Stephens (USA) 5,307 ( 1); 5. Karolina Pliskova (CZE) 5,100 ( 3); 6. Angelique Kerber (GER) 4,965 (-4); 7. Elina Svitolina (UKR) 4,940; 8. Kiki Bertens (NED) 4,430 ( 1); 9. Caroline Wozniacki (DEN) 3,566 (-6); 10. Aryna Sabalenka (BLR) 3,485 ( 1)
Can NRIs vote in the election?
Indians residing overseas cannot cast their ballot abroad
Non-resident Indians or NRIs can vote only by going to a polling booth in their home constituency
There are about 3.1 million NRIs living overseas
Indians have urged political parties to extend the right to vote to citizens residing overseas
A committee of the Election Commission of India approved of proxy voting for non-resident Indians
Proxy voting means that a person can authorise someone residing in the same polling booth area to cast a vote on his behalf.
This option is currently available for the armed forces, police and government officials posted outside India
A bill was passed in the lower house of India’s parliament or the Lok Sabha to extend proxy voting to non-resident Indians
However, this did not come before the upper house or Rajya Sabha and has lapsed
The issue of NRI voting draws a huge amount of interest in India and overseas
Over the past few months, Indians have received messages on mobile phones and on social media claiming that NRIs can cast their votes online
The Election Commission of India then clarified that NRIs could not vote online
The Election Commission lodged a complaint with the Delhi Police asking it to clamp down on the people spreading misinformation
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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.”


