Migrants carry a smuggling boat on their shoulders on a beach in northern France in October. AFP
Migrants carry a smuggling boat on their shoulders on a beach in northern France in October. AFP
Migrants carry a smuggling boat on their shoulders on a beach in northern France in October. AFP
Migrants carry a smuggling boat on their shoulders on a beach in northern France in October. AFP

Number of Albanians trying to cross Channel plummets


Thomas Harding
  • English
  • Arabic

The number of Albanians illegally crossing on small boats into Britain has dropped by more than a half in the last two months, it has been reported.

The plummet in numbers crossing the English Channel since the end of last year has come after British Prime Minister Rishi Sunak promised to swiftly return “thousands” of Albanians back to their home country.

The drowning of four Albanians last month is also understood to have led to fewer crossings, as well as worsening weather making the journey harder and talks between the two countries.

“We’ve seen a marked drop in the number of Albanians coming across the Channel in small boats in recent months,” a government source told The Sunday Times. “It’s not clear exactly why, but nobody’s counting their chickens that they won’t try again, particularly as we move into the new year and spring.”

In the 12 months to September 2022, 85 per cent of the 11,000 Albanians who arrived by small boats submitted asylum applications.

More than 50 per cent of the claims made by Albanians were granted with most going to women and children.

But Britain’s National Crime Agency has stated that some Albanian migrants falsely claim to be victims of trafficking.

British Immigration Enforcement officers on an airplane with immigrants deported from England arrives in Tirana. Reuters
British Immigration Enforcement officers on an airplane with immigrants deported from England arrives in Tirana. Reuters

Mr Sunak is planning to introduce legislation to make it easier to deport Albanian migrants on flights in a bid to tackle the backlog of asylum seeker applications.

A record 11,000 Albanians arrived in the UK in small boats after they illegally crossed the Channel last year, compared with 815 in the whole of 2021.

The Home Office said men represented 95 per cent of Albanian small boat arrivals between 2018 and June 2022.

During the four months from May, Albanians accounted for 42 per cent of crossings, according to official data, but this peaked at 60 per cent on some of the busiest days last summer.

But now the proportion has dropped to below 10 per cent of illegal migrants, Whitehall sources said.

Dr Andi Hoxhaj, a lecturer in law at University College London who specialises in migration from the Balkans, said the majority of the arrivals were economic migrants.

“In some cases, what you could earn in one day here — say £200 on a construction site — is what someone might earn in one month in Albania,” he said.

Previously migrants had paid up to £20,000 to travel in the back of a lorry whereas a small boat crossing costs £2,500, he added.

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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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UAE's role in anti-extremism recognised

General John Allen, President of the Brookings Institution research group, commended the role the UAE has played in the fight against terrorism and violent extremism.

He told a Globsec debate of the UAE’s "hugely outsized" role in the fight against Isis.

"It’s trite these days to say that any country punches above its weight, but in every possible way the Emirates did, both militarily, and very importantly, the UAE was extraordinarily helpful on getting to the issue of violent extremism," he said.

He also noted the impact that Hedayah, among others in the UAE, has played in addressing violent extremism.

Updated: January 15, 2023, 5:45 PM