Northern Ireland has a new-look leadership pairing: all-female, with an Irish nationalist in the top job, and political careers forged in peacetime rather than the bloody years of conflict known as the Troubles.
But despite hopes of a fresh start, the rise of Michelle O’Neill and Emma Little-Pengelly – each a daughter of a paramilitary family – suggests old loyalties are alive and well in the new generation, experts said.
Ms O’Neill has just become Northern Ireland’s First Minister, a symbolic first for a Catholic republican. Under power-sharing rules, the unionist Ms Little-Pengelly has equal responsibilities as Deputy First Minister.
They have pledged to show unity after a long stalemate at Stormont, which left the political institutions created by the 1998 Good Friday peace agreement suspended for two years.
There is hope of consensus on bread-and-butter issues such as hospitals and housing. But on the question of Northern Ireland’s future in the UK or Ireland, Ms Little-Pengelly said, the two women “will never agree”.
Family ties
Ms O’Neill, 47, is leader in the north of the all-Ireland nationalist party Sinn Fein and comes from a “staunchly republican background”, said Jon Tonge, a professor of British and Irish politics at the University of Liverpool.
Her father, Brendan Doris, was an IRA prisoner at the height of the Troubles and later a Sinn Fein councillor in County Tyrone, where the young Michelle went to Catholic grammar school. A cousin, Tony Doris, was shot dead in a British special forces ambush of paramilitary members in 1991.
Paul Doris, an uncle, worked for a group called Noraid that raised money for the IRA in the United States, long home to significant Irish republican sympathies. Ms O'Neill plans to visit Washington for St Patrick's Day despite Sinn Fein's pro-Palestinian stance putting it at odds with the US position on the Israel-Gaza war.
Upon Brendan Doris’s death in 2006, former IRA member Martin McGuinness lauded the Doris family for playing “a significant role in the republican struggle for many years”.
Ms O’Neill has crossed the lines of an older generation by being willing to refer to “Northern Ireland” – nationalists tend to say “the north of Ireland” – and striking up a personal chemistry with Britain’s King Charles III.
“She’s post-conflict generation in the sense that her political career has developed in the aftermath of the Good Friday Agreement,” Prof Tonge said.
But “she’s never going to disavow IRA violence. That would mean tearing up history".
“There is this walking a tightrope where she goes into Stormont one day and says how sorry she is for everything, and then the following week will go to an IRA commemoration and laud the contribution of IRA volunteers.
The election of these two women with those backgrounds is an indication of the continuities
Liam Kennedy,
historian
“That will always offend unionists, certainly an older generation of unionists who suffered during the conflict. But I don’t think she glorifies it either.”
Ms Little-Pengelly, 44, had her father Noel Little watching from the public gallery as she took up her role on behalf of the Democratic Unionist Party last Saturday.
Mr Little was one of the “Paris Three” arrested in France in 1989 for his role in a loyalist arms plot. The Royal Ulster Constabulary searched the family home in Markethill as part of the French investigation.
He denied buying arms for loyalist group Ulster Resistance, but the three received fines and suspended sentences. Writing in 2015, Ms Little-Pengelly said her father “made those choices in his life but I love him as a daughter”. The same year, it was revealed he was working as a steward at a Belfast cathedral.
The two women now leading Northern Ireland are “almost mirror images of each other”, said Liam Kennedy, a Queen’s University Belfast historian and campaigner on paramilitary abuses during the Troubles.
More than 3,000 people died during the Troubles as rival paramilitaries carried out bombings, shootings and vigilante attacks. The British Army was deployed as a peacekeeper but some of its troops were implicated in killings.
The violence mostly ended after the Good Friday Agreement, with the IRA formally ending its armed campaign in 2005, but dissident groups remain. The threat level from Northern Ireland-related terrorism was raised last year.
“In a way, the election of these two women with those backgrounds is an indication of the continuities” in Northern Ireland’s politics, Prof Kennedy said.
“The more extreme elements in both communities have come to dominate and it looks likely that this will continue to be the case.”
In 1998, moderate parties led by David Trimble and John Hume were the faces of unionism and nationalism respectively. The two men won a Nobel Prize for their readiness to make peace.
However, Trimble and Hume’s moderates were subsequently eclipsed by the more hardline voices on each side: the DUP led by Ian Paisley, and Sinn Fein under Gerry Adams and Martin McGuinness.
Paisley and McGuinness became an unlikely leadership pair known as the “Chuckle Brothers”, despite being sworn enemies during the Troubles. Both have since died, but their parties remain the dominant forces at Stormont.
Far from repelling voters, having a paramilitary hinterland “actually strengthens your position” as a candidate on each side of the political divide, Prof Kennedy said.
At the same time Belfast was the focus of a 25-year set of programmes designed to “build a sustainable peace and promote reconciliation”. The billion euro EU Special Support Fund for Peace and Reconciliation was a flagship but also just one of many funds. These drew on the involvement of hardline communities and rewarded long-term processes that required significant local political leadership. One report on the post-conflict programmes was titled: From enemies to partners?
Women to the fore
Ms O’Neill was appointed to her party role in 2018 and “that background helps her in terms of nailing down the Sinn Fein vote”. he said.
“It does alienate smallish numbers of Catholic nationalists but not to the extent that someone on the outside might imagine. In some respects we’re very forgiving of certain aspects of the past.
“On the unionist side, I think it was a masterstroke of the DUP to put in Emma Little-Pengelly, because it reassures more extreme DUP voters that they’re not being sold down the river.”
Plea for unity
The two women made a point of looking to the future when they took the floor at Stormont.
“The past cannot be changed or undone, but what we can do – what we all can do – is build a better future,” Ms O’Neill said as she promised to be a first minister for all.
Ms Little-Pengelly urged a focus on shared needs as she told Stormont the “wee mummy waiting for her cancer diagnosis is not defined as republican or unionist”.
Prof Tonge, who watched the proceedings in Belfast, said they reminded him of “a wedding where you’re not sure the couple are entirely suited, but you wish them well”.
“Even though they can park their rival constitutional ambitions, you still think sometimes these are two parties looking for a row rather than two parties that are looking to govern together,” he said.
Under the Good Friday Agreement, the two leading posts are earmarked for unionists and nationalists. This is meant to ensure cross-community policies but also entrenches the old divides.
Stormont has been suspended several times, most recently after the DUP walked out over post-Brexit trade rules it fears are dividing Northern Ireland from the British mainland.
The goal for Sinn Fein is to build support for Irish unity and hasten the day when a vote is called on Northern Ireland’s future. Its historic win in a 2022 assembly election paved the way for Ms O’Neill’s appointment.
While views on the union remain entrenched, experts believe a looming election in the republic does at least give Sinn Fein an incentive to govern well as it aims for power in Dublin as well as Belfast.
“It’s vital for Sinn Fein in Northern Ireland to project an image of responsibility, of reaching out, because that will go down well with the electorate in the Republic of Ireland,” Prof Kennedy said.
“It stands a very good chance of Mary Lou McDonald becoming the Irish Taoiseach, a very good chance of forming the next government. That really would be a seismic change in the politics of the island.”
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.”
Champions League Last 16
Red Bull Salzburg (AUT) v Bayern Munich (GER)
Sporting Lisbon (POR) v Manchester City (ENG)
Benfica (POR) v Ajax (NED)
Chelsea (ENG) v Lille (FRA)
Atletico Madrid (ESP) v Manchester United (ENG)
Villarreal (ESP) v Juventus (ITA)
Inter Milan (ITA) v Liverpool (ENG)
Paris Saint-Germain v Real Madrid (ESP)
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Should late investors consider cryptocurrencies?
Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.
They do not usually recommend investing in Bitcoin or other cryptocurrencies due to the risk and volatility associated with them.
“It has produced eye-watering returns for some, whereas others have lost substantially as this has all depended purely on timing and when the buy-in was. If someone still has about 20 to 25 years until retirement, there isn’t any need to take such risks,” Rupert Connor of Abacus Financial Consultant says.
He adds that if a person is interested in owning a business or growing a property portfolio to increase their retirement income, this can be encouraged provided they keep in mind the overall risk profile of these assets.
Dirham Stretcher tips for having a baby in the UAE
Selma Abdelhamid, the group's moderator, offers her guide to guide the cost of having a young family:
• Buy second hand stuff
They grow so fast. Don't get a second hand car seat though, unless you 100 per cent know it's not expired and hasn't been in an accident.
• Get a health card and vaccinate your child for free at government health centres
Ms Ma says she discovered this after spending thousands on vaccinations at private clinics.
• Join mum and baby coffee mornings provided by clinics, babysitting companies or nurseries.
Before joining baby classes ask for a free trial session. This way you will know if it's for you or not. You'll be surprised how great some classes are and how bad others are.
• Once baby is ready for solids, cook at home
Take the food with you in reusable pouches or jars. You'll save a fortune and you'll know exactly what you're feeding your child.
START-UPS%20IN%20BATCH%204%20OF%20SANABIL%20500'S%20ACCELERATOR%20PROGRAMME
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Forced%20Deportations
%3Cp%3EWhile%20the%20Lebanese%20government%20has%20deported%20a%20number%20of%20refugees%20back%20to%20Syria%20since%202011%2C%20the%20latest%20round%20is%20the%20first%20en-mass%20campaign%20of%20its%20kind%2C%20say%20the%20Access%20Center%20for%20Human%20Rights%2C%20a%20non-governmental%20organization%20which%20monitors%20the%20conditions%20of%20Syrian%20refugees%20in%20Lebanon.%3C%2Fp%3E%0A%3Cp%3E%E2%80%9CIn%20the%20past%2C%20the%20Lebanese%20General%20Security%20was%20responsible%20for%20the%20forced%20deportation%20operations%20of%20refugees%2C%20after%20forcing%20them%20to%20sign%20papers%20stating%20that%20they%20wished%20to%20return%20to%20Syria%20of%20their%20own%20free%20will.%20Now%2C%20the%20Lebanese%20army%2C%20specifically%20military%20intelligence%2C%20is%20responsible%20for%20the%20security%20operation%2C%E2%80%9D%20said%20Mohammad%20Hasan%2C%20head%20of%20ACHR.%3Cbr%3EIn%20just%20the%20first%20four%20months%20of%202023%20the%20number%20of%20forced%20deportations%20is%20nearly%20double%20that%20of%20the%20entirety%20of%202022.%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3ESince%20the%20beginning%20of%202023%2C%20ACHR%20has%20reported%20407%20forced%20deportations%20%E2%80%93%20200%20of%20which%20occurred%20in%20April%20alone.%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3EIn%20comparison%2C%20just%20154%20people%20were%20forcfully%20deported%20in%202022.%3C%2Fp%3E%0A
Violence%20
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Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Company profile
Date started: 2015
Founder: John Tsioris and Ioanna Angelidaki
Based: Dubai
Sector: Online grocery delivery
Staff: 200
Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends
Revival
Eminem
Interscope
Key findings of Jenkins report
- Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
- Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
- Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
- Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
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JOKE'S%20ON%20YOU
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UAE currency: the story behind the money in your pockets
What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
COMPANY PROFILE
Name: Mamo
Year it started: 2019 Founders: Imad Gharazeddine, Asim Janjua
Based: Dubai, UAE
Number of employees: 28
Sector: Financial services
Investment: $9.5m
Funding stage: Pre-Series A Investors: Global Ventures, GFC, 4DX Ventures, AlRajhi Partners, Olive Tree Capital, and prominent Silicon Valley investors.
Your rights as an employee
The government has taken an increasingly tough line against companies that fail to pay employees on time. Three years ago, the Cabinet passed a decree allowing the government to halt the granting of work permits to companies with wage backlogs.
The new measures passed by the Cabinet in 2016 were an update to the Wage Protection System, which is in place to track whether a company pays its employees on time or not.
If wages are 10 days late, the new measures kick in and the company is alerted it is in breach of labour rules. If wages remain unpaid for a total of 16 days, the authorities can cancel work permits, effectively shutting off operations. Fines of up to Dh5,000 per unpaid employee follow after 60 days.
Despite those measures, late payments remain an issue, particularly in the construction sector. Smaller contractors, such as electrical, plumbing and fit-out businesses, often blame the bigger companies that hire them for wages being late.
The authorities have urged employees to report their companies at the labour ministry or Tawafuq service centres — there are 15 in Abu Dhabi.
North Pole stats
Distance covered: 160km
Temperature: -40°C
Weight of equipment: 45kg
Altitude (metres above sea level): 0
Terrain: Ice rock
South Pole stats
Distance covered: 130km
Temperature: -50°C
Weight of equipment: 50kg
Altitude (metres above sea level): 3,300
Terrain: Flat ice
UAE currency: the story behind the money in your pockets
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What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
SPECS
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Florida: The critical Sunshine State
Though mostly conservative, Florida is usually always “close” in presidential elections. In most elections, the candidate that wins the Sunshine State almost always wins the election, as evidenced in 2016 when Trump took Florida, a state which has not had a democratic governor since 1991.
Joe Biden’s campaign has spent $100 million there to turn things around, understandable given the state’s crucial 29 electoral votes.
In 2016, Mr Trump’s democratic rival Hillary Clinton paid frequent visits to Florida though analysts concluded that she failed to appeal towards middle-class voters, whom Barack Obama won over in the previous election.
Profile
Company: Justmop.com
Date started: December 2015
Founders: Kerem Kuyucu and Cagatay Ozcan
Sector: Technology and home services
Based: Jumeirah Lake Towers, Dubai
Size: 55 employees and 100,000 cleaning requests a month
Funding: The company’s investors include Collective Spark, Faith Capital Holding, Oak Capital, VentureFriends, and 500 Startups.
Killing of Qassem Suleimani
'Champions'
Director: Manuel Calvo
Stars: Yassir Al Saggaf and Fatima Al Banawi
Rating: 2/5
STAY%2C%20DAUGHTER
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