Newly-sworn in Afghan President Ashraf Ghani, right, administers the oath to Abdullah Abdullah, left, as Afghanistan's new chief executive during the inauguration of the country's new president at the Presidential Palace in Kabul on September 29, 2014. Shah Marai/AFP Photo
Newly-sworn in Afghan President Ashraf Ghani, right, administers the oath to Abdullah Abdullah, left, as Afghanistan's new chief executive during the inauguration of the country's new president at the Presidential Palace in Kabul on September 29, 2014. Shah Marai/AFP Photo
Newly-sworn in Afghan President Ashraf Ghani, right, administers the oath to Abdullah Abdullah, left, as Afghanistan's new chief executive during the inauguration of the country's new president at the Presidential Palace in Kabul on September 29, 2014. Shah Marai/AFP Photo
Newly-sworn in Afghan President Ashraf Ghani, right, administers the oath to Abdullah Abdullah, left, as Afghanistan's new chief executive during the inauguration of the country's new president at the

Voices on Afghanistan: The election of my generation


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Young Afghans have watched the result of Afghanistan’s presidential election closely, says Omaid Sharifi, 29, a civil society activist in Kabul. Even after months of waiting for a new president, there will be no letting up on the activists’ anti-corruption drive. Follow Mr Sharifi on Twitter: @omaidsharifi

I followed the presidential election and subsequent negotiations over power sharing very closely. Everyone working in civil society was doing that.

This was the election of my generation.

The campaign events; media outreach; so much of the election was implemented by the youth. They worked 20-hour days to make sure that things went well. We are a very young country. About 60 per cent of our population is under-25. We have a lot of fresh young voters. The entire process was very interesting to them.

Was it a successful election? Not really. This is not what the Afghan people hope for.

It took us eight months to finalise the election. There were a lot of allegations of fraud. It took months of negotiations between the candidates and with the international community to reach an agreement on a national unity government. There was a tremendous impact on the Afghan economy.

But we are happy to have a civilian government and we are hopeful. We are happy that the transfer of power is happening. This is the first time we are transferring power from one elected government to another.

The next step is the implementation of the agreement between the two leaders. Ashraf Ghani and Abdullah Abdullah are clever people. These two people both have the skills to work together and deliver on their campaign promises. When it comes to anti-corruption campaigning, we plan to triple our efforts. There were so many campaign promises made from both candidates; they both said they were focused on fighting corruption.

As civil society activists, our work is focused on finding unconventional ways to fight corruption at a local level and at a policy level.

For instance, we had a campaign where we painted two eyes on government institutions in Kabul with the words “I see you” in yellow, which is known locally as the colour of hate. The point was that the politicians cannot hide from the people or from God.

We are also creating two eyes from white stones on a mountainside outside Kabul. The eyes will look over all of Kabul and be seen by citizens and government officials. This currently is a project involving 200 young artists who will help us carry the stones and design the eyes on the mountain.

During the election, we also had a campaign in social media called “Have you paid your taxes?” In the elections this past year, most of the candidates were preaching about reforms and fighting corruption. So we started a campaign on Facebook in all our national languages. The targets were journalists who covered the elections. We wanted to pitch basic questions that they could ask the candidates, such as “have you paid your taxes?”

These sorts of things don’t cost much. We are not spending millions of dollars of aid money or taxpayers’ money. But they are very effective tools to raise awareness. We’ve also successfully worked to get an access to information law passed in both houses of parliament. It is now going to the president.

This is a law that exists in hundred of countries around the world. For instance, there is a local project happening in a village and citizens want to know what is going on. This law allows the citizens to see everything that is happening and what is being spent, where. It’s a citizen monitor of government activities.

With this kind of active civil society, I’m positive that we can defeat corruption. Afghan civil society members are committed to liaising with new administration and to fighting for this noble cause.

foreign.desk@thenational.ae

THE BIO

Favourite car: Koenigsegg Agera RS or Renault Trezor concept car.

Favourite book: I Am Pilgrim by Terry Hayes or Red Notice by Bill Browder.

Biggest inspiration: My husband Nik. He really got me through a lot with his positivity.

Favourite holiday destination: Being at home in Australia, as I travel all over the world for work. It’s great to just hang out with my husband and family.

 

 

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

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COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
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The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

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Engine: 4.0-litre flat-six
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Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
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Brief scores:

Scotland 371-5, 50 overs (C MacLeod 140 no, K Coetzer 58, G Munsey 55)

England 365 all out, 48.5 overs (J Bairstow 105, A Hales 52; M Watt 3-55)

Result: Scotland won by six runs

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. 

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Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

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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.”

Top investing tips for UAE residents in 2021

Build an emergency fund: Make sure you have enough cash to cover six months of expenses as a buffer against unexpected problems before you begin investing, advises Steve Cronin, the founder of DeadSimpleSaving.com.

Think long-term: When you invest, you need to have a long-term mindset, so don’t worry about momentary ups and downs in the stock market.

Invest worldwide: Diversify your investments globally, ideally by way of a global stock index fund.

Is your money tied up: Avoid anything where you cannot get your money back in full within a month at any time without any penalty.

Skip past the promises: “If an investment product is offering more than 10 per cent return per year, it is either extremely risky or a scam,” Mr Cronin says.

Choose plans with low fees: Make sure that any funds you buy do not charge more than 1 per cent in fees, Mr Cronin says. “If you invest by yourself, you can easily stay below this figure.” Managed funds and commissionable investments often come with higher fees.

Be sceptical about recommendations: If someone suggests an investment to you, ask if they stand to gain, advises Mr Cronin. “If they are receiving commission, they are unlikely to recommend an investment that’s best for you.”

Get financially independent: Mr Cronin advises UAE residents to pursue financial independence. Start with a Google search and improve your knowledge via expat investing websites or Facebook groups such as SimplyFI. 

The specs

Engine: 2-litre 4-cylinder and 3.6-litre 6-cylinder

Power: 220 and 280 horsepower

Torque: 350 and 360Nm

Transmission: eight-speed automatic

Price: from Dh136,521 VAT and Dh166,464 VAT 

On sale: now

The Vile

Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah

Director: Majid Al Ansari

Rating: 4/5

 

 

Name: Peter Dicce

Title: Assistant dean of students and director of athletics

Favourite sport: soccer

Favourite team: Bayern Munich

Favourite player: Franz Beckenbauer

Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates 

 

IF YOU GO
 
The flights: FlyDubai offers direct flights to Catania Airport from Dubai International Terminal 2 daily with return fares starting from Dh1,895.
 
The details: Access to the 2,900-metre elevation point at Mount Etna by cable car and 4x4 transport vehicle cost around €57.50 (Dh248) per adult. Entry into Teatro Greco costs €10 (Dh43). For more go to www.visitsicily.info

 Where to stay: Hilton Giardini Naxos offers beachfront access and accessible to Taormina and Mount Etna. Rooms start from around €130 (Dh561) per night, including taxes.

AGL AWARDS

Golden Ball - best Emirati player: Khalfan Mubarak (Al Jazira)
Golden Ball - best foreign player: Igor Coronado (Sharjah)
Golden Glove - best goalkeeper: Adel Al Hosani (Sharjah)
Best Coach - the leader: Abdulaziz Al Anbari (Sharjah)
Fans' Player of the Year: Driss Fetouhi (Dibba)
Golden Boy - best young player: Ali Saleh (Al Wasl)
Best Fans of the Year: Sharjah
Goal of the Year: Michael Ortega (Baniyas)

Company profile

Name:​ One Good Thing ​

Founders:​ Bridgett Lau and Micheal Cooke​

Based in:​ Dubai​​ 

Sector:​ e-commerce​

Size: 5​ employees

Stage: ​Looking for seed funding

Investors:​ ​Self-funded and seeking external investors

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Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem

Director: Joseph Kosinski

Rating: 4/5

BMW M5 specs

Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor

Power: 727hp

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Transmission: 8-speed auto

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