• US President Donald Trump speaks during election night in the East Room of the White House in Washington, DC. AFP
    US President Donald Trump speaks during election night in the East Room of the White House in Washington, DC. AFP
  • Democratic presidential nominee Joe Biden speaks at a drive-in election night event as Dr. Jill Biden looks on at the Chase Center in Wilmington, Delaware. AFP
    Democratic presidential nominee Joe Biden speaks at a drive-in election night event as Dr. Jill Biden looks on at the Chase Center in Wilmington, Delaware. AFP
  • Supporters of Democratic presidential nominee and former Vice President Joe Biden watch election results outside the Chase Center in Wilmington, Delaware. AFP
    Supporters of Democratic presidential nominee and former Vice President Joe Biden watch election results outside the Chase Center in Wilmington, Delaware. AFP
  • US Vice President Mike Pence speaks flanked by US President Donald Trump during election night in the East Room of the White House in Washington, DC. AFP
    US Vice President Mike Pence speaks flanked by US President Donald Trump during election night in the East Room of the White House in Washington, DC. AFP
  • Supporters pose with U.S. Sen. Lindsey Graham, center, following his victory speech after winning another term in office, in Columbia, S.C. AP Photo
    Supporters pose with U.S. Sen. Lindsey Graham, center, following his victory speech after winning another term in office, in Columbia, S.C. AP Photo
  • Biden supporter Lala Walker reacts to early election results in Houston, Texas. REUTERS
    Biden supporter Lala Walker reacts to early election results in Houston, Texas. REUTERS
  • President Donald Trump supporter Loretta Oakes reacts while watching returns in favor of Democratic presidential candidate former Vice President Joe Biden, at a Republican election-night watch party, in Las Vegas. AP Photo
    President Donald Trump supporter Loretta Oakes reacts while watching returns in favor of Democratic presidential candidate former Vice President Joe Biden, at a Republican election-night watch party, in Las Vegas. AP Photo
  • People gather to watch results in the presidential election on a screen in Times Square in New York, New York. EPA
    People gather to watch results in the presidential election on a screen in Times Square in New York, New York. EPA
  • Claire Woodall-Vogg, executive director of the Milwaukee election commission is escorted by police from the central count location where absentee ballots were being counted carrying the final count in Milwaukee, Wisconsin. AFP
    Claire Woodall-Vogg, executive director of the Milwaukee election commission is escorted by police from the central count location where absentee ballots were being counted carrying the final count in Milwaukee, Wisconsin. AFP
  • Election officials count absentee ballots in Milwaukee, Wisconsin. AFP
    Election officials count absentee ballots in Milwaukee, Wisconsin. AFP
  • Los Angeles Police Department officers form a line in front of demonstrators during the 2020 Presidential election in Los Angeles, California. Bloomberg
    Los Angeles Police Department officers form a line in front of demonstrators during the 2020 Presidential election in Los Angeles, California. Bloomberg
  • U.S. House Speaker Nancy Pelosi, a Democrat from California, speaks during a news conference at the Democratic Congressional Campaign Committee headquarters in Washington, D.C. Bloomberg
    U.S. House Speaker Nancy Pelosi, a Democrat from California, speaks during a news conference at the Democratic Congressional Campaign Committee headquarters in Washington, D.C. Bloomberg
  • A woman poses for a photo during an election night watch party organized by a group called "Villagers for Trump" in The Villages, Florida. AFP
    A woman poses for a photo during an election night watch party organized by a group called "Villagers for Trump" in The Villages, Florida. AFP
  • People celebrate a win for incumbent candidate Sen. Lindsey Graham (R-SC) at Graham's election night watch party in Columbia, South Carolina. AFP
    People celebrate a win for incumbent candidate Sen. Lindsey Graham (R-SC) at Graham's election night watch party in Columbia, South Carolina. AFP
  • Supporters of Democratic presidential nominee Joe Biden worry as they watch the election results unfold on a giant screen in a square near the White House in Washington, DC. AFP
    Supporters of Democratic presidential nominee Joe Biden worry as they watch the election results unfold on a giant screen in a square near the White House in Washington, DC. AFP
  • People react as they watch early results on T.V as they gather at Black Lives Matter Plaza near the White House during Election Day in Washington. Reuters
    People react as they watch early results on T.V as they gather at Black Lives Matter Plaza near the White House during Election Day in Washington. Reuters
  • Martina Brown celebrates after being the last voter to cast her ballot at a polling station inside Knapp Elementary School on Election Day in Racine, Racine County, Wisconsin. Reuters
    Martina Brown celebrates after being the last voter to cast her ballot at a polling station inside Knapp Elementary School on Election Day in Racine, Racine County, Wisconsin. Reuters
  • A Code Enforcement officer asks to a supporter to stop placing US President Donald Trump and Vice President Mike Pence campaign signs in the limits of a polling station during the 2020 US presidential election in Palm Beach, Florida. Reuters
    A Code Enforcement officer asks to a supporter to stop placing US President Donald Trump and Vice President Mike Pence campaign signs in the limits of a polling station during the 2020 US presidential election in Palm Beach, Florida. Reuters
  • Democratic congressional candidate Ilhan Omar speaks at the DFL election night watch party in St. Paul, Minnesota. Reuters
    Democratic congressional candidate Ilhan Omar speaks at the DFL election night watch party in St. Paul, Minnesota. Reuters
  • Republican US Senator Mitch McConnell of Kentucky is joined by his wife Elaine Chao as he speaks at a press conference following his projected senate race victory at the Omni Hotel in Louisville, Kentucky, USA. EPA
    Republican US Senator Mitch McConnell of Kentucky is joined by his wife Elaine Chao as he speaks at a press conference following his projected senate race victory at the Omni Hotel in Louisville, Kentucky, USA. EPA
  • Cairo Messenger newspaper publisher and editor Randy Fine, center, calls out election results as Steve Reagan writes them on the board on the front wall of the newspaper for the voters gathered in the street in Cairo, Georgia. AFP
    Cairo Messenger newspaper publisher and editor Randy Fine, center, calls out election results as Steve Reagan writes them on the board on the front wall of the newspaper for the voters gathered in the street in Cairo, Georgia. AFP
  • Electoral workers at curbside voting in St. Charles County for voters who have coronavirus disease during Election Day in Missouri. Reuters
    Electoral workers at curbside voting in St. Charles County for voters who have coronavirus disease during Election Day in Missouri. Reuters
  • A election worker collects mail-in ballots at the Clark County election office in Las Vegas, Nevada. EPA
    A election worker collects mail-in ballots at the Clark County election office in Las Vegas, Nevada. EPA
  • A woman wears a mask depicting US President Donald Trump at Black Lives Matter Plaza in Washington, DC. EPA
    A woman wears a mask depicting US President Donald Trump at Black Lives Matter Plaza in Washington, DC. EPA
  • Biden supporters face off a Trump supporter outside of a polling site, on Election Day in Houston, Texas. Reuters
    Biden supporters face off a Trump supporter outside of a polling site, on Election Day in Houston, Texas. Reuters
  • Florida election results are displayed on a screen in Black Lives Matter Plaza during the 2020 Presidential election in Washington, DC. Bloomberg
    Florida election results are displayed on a screen in Black Lives Matter Plaza during the 2020 Presidential election in Washington, DC. Bloomberg
  • First timer voter Jessica Henderson shows her "I Voted!" sticker after casting her ballot in-person on Election Day outside the Ruben F. Salazar Park recreation center, an official vote centre in East Los Angeles. AP Photo
    First timer voter Jessica Henderson shows her "I Voted!" sticker after casting her ballot in-person on Election Day outside the Ruben F. Salazar Park recreation center, an official vote centre in East Los Angeles. AP Photo
  • Carolyn Fieles, left, Suzy Meredith-Orr, Frieda Wallison, and Judy Dunn open ballots in the Pitkin County Administration Building on Election Day in Aspen, Colorado. AP
    Carolyn Fieles, left, Suzy Meredith-Orr, Frieda Wallison, and Judy Dunn open ballots in the Pitkin County Administration Building on Election Day in Aspen, Colorado. AP
  • Election workers organise ballots at the Multnomah County Elections Division Tuesday in Portland, Oregon. AP Photo
    Election workers organise ballots at the Multnomah County Elections Division Tuesday in Portland, Oregon. AP Photo
  • A supporter for Sen. Kelly Loeffler (R-GA) looks on during an Election Night party at the Grand Hyatt Atlanta In Buckhead in Atlanta, Georgia. AFP
    A supporter for Sen. Kelly Loeffler (R-GA) looks on during an Election Night party at the Grand Hyatt Atlanta In Buckhead in Atlanta, Georgia. AFP
  • Volunteers gather at Detroit Branch NAACP Tuesday evening before polls closed in Detroit, Michigan. EPA
    Volunteers gather at Detroit Branch NAACP Tuesday evening before polls closed in Detroit, Michigan. EPA
  • People gather in Times Square as they await election results in New York City. AFP
    People gather in Times Square as they await election results in New York City. AFP
  • A woman helps an elderly voter put on headphone to follow directions as she casts her ballot at the Salazar Park polling location in Los Angeles, California. EPA
    A woman helps an elderly voter put on headphone to follow directions as she casts her ballot at the Salazar Park polling location in Los Angeles, California. EPA

What would Trump’s path to the Supreme Court look like?


Sulaiman Hakemy
  • English
  • Arabic

It was a little after 2am, less than two hours after Joe Biden addressed supporters in Delaware to announce his optimism for a Democratic victory in the presidential election. US President Donald Trump stepped up to the podium at the White House press briefing room as Hail to the Chief played on the speakers.

This election, Mr Trump stated emphatically, is set to be “a fraud on the American public”. It was more than a dispute of the result, which has yet to be tabulated fully, and more than an allegation of impropriety. It was a criminal charge.

Consequently, Mr Trump vowed, in the event of any apparent defeat on his part, he would take the result to the Supreme Court – the highest judicial body in the land.

It is often said that in the 2000 US presidential elections between George W Bush and Al Gore, Mr Gore lost by only one vote. That vote was not in the Electoral College, but in the Supreme Court. It was the only time since 1876 that a presidential election was decided that way, rather than through the normal electoral process.

To be clear, courts do not decide which candidate has won. They decide whether the process by which votes were counted was valid, or whether they can be recounted.

Even then, the Supreme Court is not the first port of call. Far from it.

To understand how the election might end up in the Supreme Court, it is important to recap briefly how the US election works.

The US election is not one election. It is 50 elections in 50 states, each with the end goal of appointing “electors” who are pledged to vote for a specific candidate. The electors are assumed to declare for a candidate on the basis of a given state’s popular vote. A state’s legislature can override that popular vote by choosing electors who might vote differently, but such a move would be unusual to say the least – particularly if there is no overwhelmingly obvious public interest for doing so.

The final deadline by which all states are meant to present their “electors” to choose the president is on December 8. Each state’s popular vote would ideally be decided by then.

So whether or not the election becomes a legal case depends on what happens between now and December 8.

Any dispute about the process in an individual state can be taken to that state’s court system, and appealed up to the state’s supreme court and, ultimately, the federal Supreme Court. At no point is any court compelled to hear a case if it feels that the matter could be better resolved through the state’s normal electoral process.

That electoral process varies from state to state. Each has its own rules on when recounts can be triggered and how they are conducted. They also have their own rules on how disputes are initially adjudicated. In Texas, for example, that authority lies with the state governor. Some other states have election boards that decide. In all states, the legislature can weigh in to choose whether it wants to choose electors that will deviate from the popular vote.

So, for Mr Trump’s team to receive an audience in the Supreme Court, and convince the court’s justices that the case is worth hearing, there are a number of requirements to be satisfied.

The Electoral College result would have to be very close, so that one or more states would swing it. Without that, there would be no point in undertaking the legal battle ahead.

Those contested states’ internal results would also have to be very close – too close to call comfortably – and the Republicans would need a good argument that a simple recount or decision from the state’s non-judicial institutions could not be trusted. Then the state’s own courts would have reason to hear the case. If they are convinced that this is a matter for judicial involvement, the Supreme Court is more likely to be convinced in the event of an appeal.

In 2000, it all hinged on Florida. The results there were extremely close – less than 1,000 votes between Mr Bush and Mr Gore. The Florida Supreme Court ordered a recount of votes across the state. After appeals, the case went to the US Supreme Court, whose reluctance to get involved was clear. It sent the first appeal by the Bush team back to the Florida Court by unanimous vote. Only when the Florida court called once again for a recount was an appeal to the Supreme Court accepted.

The main tension comes down to whether the power to order recounts and legitimise the result ought to come from courts or from state legislatures. The court must be convinced that there is no other way to resolve the election.

So it is less of a matter of process and more of a matter of politics and the national psyche. If Mr Trump manages to create the appearance of so much chaos that the state legislatures and democratic system cannot be trusted, the Supreme Court might feel more inclined to take on its appeals and grant a decision – for the sake of national unity. In his allegations of mass fraud during his statement today, Mr Trump attempted to do just that.

It is also worth noting that the Supreme Court’s ultimate decision, to rule that Florida’s specific recount process was unconstitutional and that there was not enough time for any alternative solutions than to accept the result, was split along ideological lines. Conservative justices backed Bush’s argument and liberal justices backed that of Gore. But two Republican appointees dissented from their conservative colleagues in different areas of the case.

Supreme Court justices are people, not machines of any given party. An ideological split 20 years ago does not necessarily presage one today.

Mr Trump gave an indication of his plan to play the odds of the ideological split as far back as September, when the Republicans were racing to get Amy Coney Barrett appointed. “I think [the election] will end up in the Supreme Court,” he said. “And I think it’s very important that we have nine justices.”

That statement unintentionally put an enormous moral burden on Justice Coney Barrett’s shoulders. If she was the deciding vote in the president’s favour after being installed in a rushed process just before the election, the credibility of the Supreme Court could be ruined.

Going to the Supreme Court is not that simple. When Mr Trump vowed to do so, he was speaking more euphemistically than factually. He was signalling to his supporters that chaos has arrived. The trouble is, his signals may turn out to be a self-fulfilling prophecy.

Sulaiman Hakemy is opinion editor at The National

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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.”

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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.