NEW YORK // Tariq Ramadan, a prominent Swiss-Muslim professor, hopes to visit the United States again after a federal appeals court ruled the government had not justified its visa denial.
Mr Ramadan, 47, teaches at Oxford University in the UK and has been refused a US visa several times since 2004, when he was offered a job at the University of Notre Dame in Indiana, one of the country's top Catholic universities.
The Bush administration said he gave more than US$1,000 (Dh3,673) to a Swiss-based charity later deemed by the US to support the Palestinian Hamas movement.
He is the grandson of Hasan al Banna, who founded the Muslim Brotherhood in Egypt in 1928.
A federal appeals court last Friday reversed a lower federal court and said the government's exclusion of Mr Ramadan violated the first amendment rights of US groups that wanted to meet and talk with Mr Ramadan.
Groups including the American Civil Liberties Union (ACLU) had long urged the Obama administration to lift its exclusion of the scholar.
"I am very gratified with the court's decision," Mr Ramadan said in a statement. "I am eager to engage once again with Americans in the kinds of face-to-face discussions that are central to academic exchange and crucial to bridging cultural divides."
The appeals court sent his case to the lower court, saying the government will have to "confront Ramadan with the allegations against him and afford him the subsequent opportunity to demonstrate by clear and convincing evidence that he did not know and reasonably should not have known, that the recipient of his contributions was a terrorist organisation".
The ACLU hoped the Obama administration would end his exclusion without further litigation.
"We also encourage the new administration to reconsider the exclusion of other foreign scholars, writers and artists who were barred from the country by the Bush administration on ideological grounds," said Melissa Goodman, a staff attorney with the ACLU's national security project.
Other excluded intellectuals include Iñaki Egaña, a Basque historian, Haluk Gerger, a Turkish journalist and sociologist, Dora Maria Tellez, a Nicaraguan human rights activist, and Adam Habib, a South African political commentator.
A group of academic and civil liberties organisations sent a letter to the Obama administration earlier this year saying the ideological exclusion of foreign scholars "compromises the vitality of academic and political debate in the United States at a time when that debate is exceptionally important".
The Obama administration has so far resisted lifting the ban on Mr Ramadan's entry. David Jones, an assistant US attorney, told the appeals court earlier this year that it should uphold the ban or else the government would face a "quagmire" with others seeking reversals. "Consular decisions are not subject to litigation," he said.
When Mr Jones was asked what level of the government had considered Mr Ramadan's case, he said "upwards in the state department".
Jameel Jaffer, an ACLU lawyer who argued Mr Ramadan's case before the appeals court, has urged "a clean break of the Bush administration's national security policies".
"As we've been emphasising from the outset of this case, the exclusion of foreign scholars on ideological grounds skews and impoverishes academic and political debate inside the United States," he said. "The government should not be using the immigration laws as instruments of censorship."
Mr Ramadan wrote in a court affidavit that he was unaware of links between Hamas or terrorism and the Association de Secours Palestinian, the charity he supported with donations. "I have condemned terrorism at every opportunity," he wrote.
He came eighth in a list of the world's 100 leading intellectuals in a poll conducted by Foreign Policy and Prospect magazines last year. Critics have variously accused him of anti-Semitism, covertly trying to convert the West to Islam or identifying too closely with western values.
In his latest book, Radical Reform: Islamic Ethics and Liberation, Mr Ramadan again urges his fellow Muslims to participate fully in the civil life of the western societies in which they live. He argues against those who believe reform is a dangerous and foreign deviation or a betrayal of the faith, saying authentic reform has always been grounded in Islam's traditions.
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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.
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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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