Youssef Farhat was recently appointed executive director of New York University's Centre for Human Rights and Global Justice. Photo: Stephen Starr
Youssef Farhat was recently appointed executive director of New York University's Centre for Human Rights and Global Justice. Photo: Stephen Starr
Youssef Farhat was recently appointed executive director of New York University's Centre for Human Rights and Global Justice. Photo: Stephen Starr
Youssef Farhat was recently appointed executive director of New York University's Centre for Human Rights and Global Justice. Photo: Stephen Starr

Lebanese academic appointed director of NYU's Human Rights Centre


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It has been 10 years since Lebanese native Youssef Farhat arrived in the US as an undergraduate student at the University of Dayton, located in an Ohio city that has faced issues not entirely dissimilar to those of his home country.

But now, it’s time for a change.

Mr Farhat, originally from the Zgharta district in northern Lebanon, was recently appointed executive director of New York University's Centre for Human Rights and Global Justice.

The centre's work in 35 countries with experts including UN special rapporteur Margaret Satterthwaite and environmental legal scholar Cesar Rodriguez-Garavito inspired Mr Farhat to make the move.

“This is the environment that attracts me along with my background, growing up in Lebanon and witnessing a lot of injustices there,” he says. “I feel like I bring a bit of that to the table based on my experiences.”

For the past decade, Mr Farhat has watched from afar as uprisings in the Middle East and North Africa blossomed then faltered. He has also watched Lebanon plummet into a historic economic crisis.

Studying and then lecturing in Dayton, a city that has lost close to half its population since the 1960s, has offered him a window into human rights issues and other struggles facing a community in the heart of the world’s wealthiest country.

Pointing to the American heartland's raging opioid epidemic and high poverty rates, he points out that human rights issues are not confined to the Global South.

“People who are struggling with post-reconstruction in places like Lebanon can relate to the struggles of communities in Ohio,” he says.

Some of those similarities became more apparent during a trip to Lebanon last year.

“Visits home are getting increasingly harder. I never thought I’d see people waiting in line for bread or not being able to find or afford medication,” he says.

A collapsing currency, political ineptitude and corruption have led the country to near ruin in recent years. A report published by Human Rights Watch in December found that 90 per cent of Lebanese households are surviving on less than $377 per month.

“The high levels of inequality due to failed states and people’s inability to have agency over their own lives, these are the biggest issues facing the Middle East,” he says.

A currency exchange shop in Beirut. AP
A currency exchange shop in Beirut. AP

Despite a declining trust in institutions, growing inequality and a deepening global climate crisis, behind the scenes, important progress has been made in bettering people’s lives.

That is in large part due to actors and voices from non-western countries increasingly driving development and human rights efforts, securing seats at decision-making tables that for decades had been dominated by European and North American perspectives.

With Cop28 taking place in Dubai this November and December, climate and human rights issues will be on the minds of leaders across the Middle East.

NYU Abu Dhabi, which opened in 2010 and as about 2,200 students, currently heads the Universities Climate Network, a group of educational institutions in the UAE that is preparing workshops and other Cop28-related events across the country in the lead-up to the summit.

This participatory environment is one that has been fostered at Mr Farhat’s new professional home, the Centre for Human Rights and Global Justice, where scholars from around the world work on pressing rights issues under the assumption that positive change is possible.

“We have to be hopeful. There’s a growing movement around human rights advocacy that puts hope at the centre of communications around human rights issues,” says Mr Farhat.

“It’s easier to frame the human rights narrative through violations and a negative lens [but] there is absolutely inspiring and significant work taking place at the frontiers – and we get to be part of it at NYU.”

Lebanese pounds turned into fashion accessories – in pictures

  • Both 250 and 500 Lebanese pound coin bracelets are on display inside a shop in Tripoli, northern Lebanon. All photos: Reuters
    Both 250 and 500 Lebanese pound coin bracelets are on display inside a shop in Tripoli, northern Lebanon. All photos: Reuters
  • Fashion shop owner Rima Mawlawi El Samad shows off the range of coin bracelets.
    Fashion shop owner Rima Mawlawi El Samad shows off the range of coin bracelets.
  • Grocery shop owner Antoine Saab puts 250 and 500 Lebanese pound coins into a jar, in Beirut.
    Grocery shop owner Antoine Saab puts 250 and 500 Lebanese pound coins into a jar, in Beirut.
  • Rima Mawlawi El Samad wears a necklace and earrings at her shop.
    Rima Mawlawi El Samad wears a necklace and earrings at her shop.
  • Coins to be made into jewellery.
    Coins to be made into jewellery.
  • Jewellery maker Nisrine Dassouki Haffar works on a bracelet in Tripoli.
    Jewellery maker Nisrine Dassouki Haffar works on a bracelet in Tripoli.
  • Antoine Saab with two jars full of Lebanese pound coins at his shop in Beirut.
    Antoine Saab with two jars full of Lebanese pound coins at his shop in Beirut.
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Roger Federer 19 (8 Wimbledon, 5 Australian Open, 5 US Open, 1 French Open)

Rafael Nadal 16 (10 French Open, 3 US Open, 2 Wimbledon, 1 Australian Open)

Novak Djokovic 12 (6 Australian Open, 3 Wimbledon, 2 US Open, 1 French Open)

Andy Murray 3 (2 Wimbledon, 1 US Open)

Stan Wawrinka 3 (1 Australian Open, 1 French Open, 1 US Open)

Andy Roddick 1 (1 US Open) 

Gaston Gaudio 1 (1 French Open)

Marat Safin 1 (1 Australian Open)

Juan Martin del Potro 1 (1 US Open)

Marin Cilic 1 (1 US Open)

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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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Where: Hazza bin Zayed Stadium, Al Ain
When: Wednesday, kick off 7.30pm

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Gender equality in the workplace still 200 years away

It will take centuries to achieve gender parity in workplaces around the globe, according to a December report from the World Economic Forum.

The WEF study said there had been some improvements in wage equality in 2018 compared to 2017, when the global gender gap widened for the first time in a decade.

But it warned that these were offset by declining representation of women in politics, coupled with greater inequality in their access to health and education.

At current rates, the global gender gap across a range of areas will not close for another 108 years, while it is expected to take 202 years to close the workplace gap, WEF found.

The Geneva-based organisation's annual report tracked disparities between the sexes in 149 countries across four areas: education, health, economic opportunity and political empowerment.

After years of advances in education, health and political representation, women registered setbacks in all three areas this year, WEF said.

Only in the area of economic opportunity did the gender gap narrow somewhat, although there is not much to celebrate, with the global wage gap narrowing to nearly 51 per cent.

And the number of women in leadership roles has risen to 34 per cent globally, WEF said.

At the same time, the report showed there are now proportionately fewer women than men participating in the workforce, suggesting that automation is having a disproportionate impact on jobs traditionally performed by women.

And women are significantly under-represented in growing areas of employment that require science, technology, engineering and mathematics skills, WEF said.

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