• Thousands of migrants have flocked to Belarus’ border with Poland hoping to get to Western Europe, an influx that has prompted Polish authorities to introduce a state of emergency. AP Photo
    Thousands of migrants have flocked to Belarus’ border with Poland hoping to get to Western Europe, an influx that has prompted Polish authorities to introduce a state of emergency. AP Photo
  • Polish soldiers patrol the border near Kuznica, Poland. Reuters
    Polish soldiers patrol the border near Kuznica, Poland. Reuters
  • Migrants warm up at the border near Grodno, Belarus. AP Photo
    Migrants warm up at the border near Grodno, Belarus. AP Photo
  • A migrant builds a tent in the camp at the Belarus-Polish border. EPA
    A migrant builds a tent in the camp at the Belarus-Polish border. EPA
  • A migrant carries fire wood at the camp. EPA
    A migrant carries fire wood at the camp. EPA
  • A satellite view of the Belarus–Poland border. Reuters
    A satellite view of the Belarus–Poland border. Reuters
  • Police stop vehicles at the checkpoint on the road between Sokolka and Kuznica. AFP
    Police stop vehicles at the checkpoint on the road between Sokolka and Kuznica. AFP
  • Migrants gather near a fire on the Belarusian-Polish border. Reuters
    Migrants gather near a fire on the Belarusian-Polish border. Reuters
  • Migrants receive aid from the Belarusian Red Cross and members of the Council of the Belarus Republic. EPA
    Migrants receive aid from the Belarusian Red Cross and members of the Council of the Belarus Republic. EPA

Joe Biden 'concerned' by Belarus migrant crisis


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US President Joe Biden is in contact with Russia over a growing crisis on the Poland-Belarus border as the country’s president called on Moscow to deploy nuclear-capable missile systems.

As many as 4,000 migrants are camped out in the border area, while others are stuck on the Lithuanian border in freezing conditions, Polish authorities said.

Last week, the European Union accused Belarus of manufacturing the crisis to put political pressure on the bloc, amid escalating tensions with the government of Alexander Lukashenko.

Europe accuses Mr Lukashenko of rigging elections and committing human rights violations and in the latest crisis, launching a "hybrid attack" to destabilise the bloc by sending migrants to the border en-masse.

Mr Lukashenko has threatened to cut gas supplies to Europe, causing alarm in the EU.

Russian President Vladimir Putin, a close ally of the Belarus president, said that he’d talk to Mr Lukashenko and that any disruption in gas supplies would threaten the countries’ relationship as transit partners. Pipelines crossing Belarus are owned by Russia’s Gazprom PJSC, which lessens the risk of any shutdowns.

“Theoretically, Lukashenko, as the president of a transit country, can probably give instructions to cut off our supplies to Europe, although this would be a violation of our transit contract,” Putin said. “I hope it doesn’t come to that.”

Meanwhile, Mr Lukashenko said he wants Russian nuclear-capable Iskander missile systems to be deployed in the south and west of the country, he told a Russian defence magazine published on Saturday.

"I need several divisions in the west and the south, let them stand [there]," he said.

The Iskander mobile ballistic missile system, which has a range of up to 500 kilometres and can carry either conventional or nuclear warheads.

Russia's Defence Ministry has not made any comment on the matter.

  • Poland increased security at its border with Belarus, on the EU’s eastern frontier, after a large group of people appeared to congregate on the Belarusian side of a crossing point, officials said on Monday. AP
    Poland increased security at its border with Belarus, on the EU’s eastern frontier, after a large group of people appeared to congregate on the Belarusian side of a crossing point, officials said on Monday. AP
  • People gather at the EU border near Grodno, Belarus. AP
    People gather at the EU border near Grodno, Belarus. AP
  • Between 3,000 and 4,000 migrants are near the Belarusian border with Poland, a Polish government spokesman said on Monday. Reuters
    Between 3,000 and 4,000 migrants are near the Belarusian border with Poland, a Polish government spokesman said on Monday. Reuters
  • Children play in a tree near Grodno. AP
    Children play in a tree near Grodno. AP
  • Polish border guards stand near the barbed wire at the border. AP
    Polish border guards stand near the barbed wire at the border. AP
  • People keep themselves warm with a fire. AP
    People keep themselves warm with a fire. AP
  • Migrants carry someone who has fallen ill. AP
    Migrants carry someone who has fallen ill. AP
  • Polish border guards stand behind the barbed wire. AP
    Polish border guards stand behind the barbed wire. AP

Worries are mounting as thousands of asylum seekers attempt to cross into Europe via rugged countryside in the snow and rain.

At least eight have already died and fears are growing for the safety of others as harsh winter conditions set in.

The body of a young Syrian man was found in Poland near the Belarus border, Polish police said on Saturday.

"A forest worker informed the police about finding the body of a young man," Podlaska police spokesman Tomasz Krupa told Reuters, adding that the body and the man's passport had been found on Friday.

"It is a young man of Syrian nationality around 20-years old," Krupa said. It was not possible to determine the cause of death at the scene, he added.

On Saturday, the Polish army published footage that it said showed a group of about 50 migrants being escorted across the border by Belarusian forces.

The Polish Border Guard said Belarusian soldiers had pulled down a section of the temporary border fence.

In Lithuania, border guard officials released footage showing 70 migrants they said had been brought to the country's border by Belarusian officials in trucks.

"Upon arrival they are being pushed to the border and forced to make an illegal entry into the European Union," said Peter Stano, an EU spokesman.

Belarus claims the asylum seekers – most of whom are from Syria, Iraq and Kurdish-majority areas in both countries – are fleeing regional conflicts instigated by the West.

That view was supported by Mr Putin. "Let's not forget where these crises with migrants came from. Is Belarus a pioneer in these problems? No, the reasons were created by Western and European countries themselves," the Russian leader said.

Russia, the US and a number of European countries still have soldiers deployed in Syria and Iraq following a wave of regional instability which gave rise to ISIS.

Poland has deployed around 15,000 troops to the border area, while Belarus and Russia have held joint military exercises in response.

"We think it's a great concern. We communicated our concern to Russia, we communicated our concern to Belarus," Mr Biden told reporters as he departed the White House for a weekend at the Camp David presidential retreat on Friday. "We think it's a problem."

Mr Biden's remarks came hours after Vice President Kamala Harris voiced similar concerns during a visit to France, where she said she discussed the issue with President Emmanuel Macron.

Belarus "is engaged in very troubling activity. It is something that I discussed with President Macron, and the eyes of the world and its leaders are watching what is happening there," she told a news conference.

Belarus denies fomenting the crisis but has said it cannot help resolve the matter unless Europe lifts sanctions. The EU imposed several rounds of measures in response to Mr Lukashenko's violent crackdown on mass street protests against his rule in 2020.

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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This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

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Updated: November 13, 2021, 3:00 PM