Hizbul Mujahideen supporters chant slogans during a protest in Muzaffarabad, the capital of Pakistani-administered Kashmir. Kashmir is among a number of disputed areas that have been subject to tensions since India and Pakistan declared independence. AFP / Sajjad Qayyum
Hizbul Mujahideen supporters chant slogans during a protest in Muzaffarabad, the capital of Pakistani-administered Kashmir. Kashmir is among a number of disputed areas that have been subject to tensioShow more

Nations divided



It’s hard to exaggerate the importance of August 14, 1947. On this signal date of the 20th century, British India ended and two nations emerged – Pakistan and India, which declared independence a day later – the fortunes of which continue to define the region and influence the globe.

The end of Britain’s rule on the Indian subcontinent was the culmination of a nearly 70-year independence struggle that could not be checked or beaten back. “Long years ago, we made a tryst with destiny,” Jawaharlal Nehru, the first prime minister of India, famously proclaimed in Churchillian tones, “and now the time comes when we shall redeem our pledge, not wholly or in full measure but very substantially. At the stroke of the midnight hour, when the world sleeps, India will awake to life and freedom.”

The moment was a fulfilment; but the man who would lead India until 1964 had to acknowledge – by that “not wholly or in full measure” – the disappointment of an Indian nation shorn of the territories that would now make up Pakistan. The separation known as the Great Partition created a violent dynamic with consequences that resound to our own time. In his timely new book, Midnight’s Descendants: South Asia from Partition to the Present Day, the historian John Keay looks at the evolution of Pakistan and India since the Partition, along with three other nations – Bangladesh (formerly East Pakistan), Sri Lanka and Nepal. This is a history not for the faint of heart. Those looking for congratulatory rhetoric about India’s democracy triumphant should look elsewhere. Keay, a veteran observer of India and prolific author of many works on South and East Asian history, might be too pitiless for some. He does not let anyone off the hook, least of all the world’s largest democracy, which, “despite its newly trumpeted affluence ... still has more of the malnourished, the unlettered and the socially deprived than Pakistan and Bangladesh combined”.

His account sometimes seems like an endless catalogue of atrocities, assassinations, political chicanery and sectarian strife – but as recent election results remain disputed in Dhaka, and India prepares to go to the polls in May, Keay’s fine if troubling book prompts a look back at the fraught modern history of the region.

“The story of postcolonial South Asia is seldom inspirational,” he writes. “The subcontinent continues to be defined in terms not of shared interests but of past traumas, contested loyalties and irreconcilable ambitions. Encouraged by governments of every hue, national identity still owes much to an obsessive awareness of the hostile ‘other’ just across the border. Antagonism reigns, officially. The euphoria of freedom has been silenced by the shock of division.”

Yet, though it may seem so today, such a split was not a foregone conclusion of the run-up to independence. The jockeying for position between the Indian National Congress, led by Nehru, and the Muslim League, with Muhammad Ali Jinnah at its head, and the hasty departure of the British in 1947, led to the division, “but throughout 1946 the country lay within a whisker of attaining full independence as a single sovereign state”. It would not turn out that way.

Keay describes well the practical consequences of instituting partition on the ground. In a place like Punjab, with its rich mix of Muslims, Hindus and Sikhs sharing certain traditions and even lineages, this proved vastly challenging. Muslims and Sikhs, notes Keay, were “often descended from converts whose caste or tribe was still that of their Hindu neighbours”. Or what about the Meos, who attended mosque irregularly and worshipped the Lords Krishna and Rama? The resulting bloodbath and mass movements of peoples claimed several hundred thousand lives – exact figures are highly contentious, as Keay notes.

One of the themes of Midnight’s Descendants is how the blunt instruments of nation-state devolve onto kinship, creed, locality, language, tribe, clan, profession and caste. In some places, the borders fashioned were absurdly over-defined, with enclaves within enclaves carved out of territories in extreme acts of sovereignty. In others, like the watery mangrove swamps of the Sundarbans, where West Bengal and Bangladesh meet, the frontier is preposterously porous. Keay livens his accounts with tales of his own South Asian journeys and encounters over the years. Nonetheless, his book is a resolutely political history, chock full of names, dates, facts and figures. He pays scant attention, say, to India’s rich post-war literary achievements or Bollywood’s booming film industry.

Keay briskly moves through the post-1947 decades, taking a few brief detours into Nepal’s own difficult progress through convulsions of Maoist insurgency and the bloody fates of the Nepalese royal family. India and Pakistan naturally get the lion’s share of coverage here – he is good on the ongoing dispute over Jammu and Kashmir, the most nettlesome of the 500 or so princely states that acceded to India and Pakistan. The lingering dispute there has drawn much attention from the world, but Keay makes a trenchant case for a distinctive Kashmiri identity beyond the Indo-Pakistan poles. “Kashmir,” Keay observes, “might be seen as hostage to the abnormality of Indo-Pak relations,” not the other way around.

The rush of events that Keay describes is, at times, breathtaking. Pakistan and India undertake the difficult work of state building in the 1950s and 60s. Nehru championed anti-colonial struggles while India and China tangled over borders that run through icy mountain redoubts. With little of the infrastructure that was bequeathed to India, Pakistan stumbles through dictatorship and grows tense as the country’s two wings split apart in 1971, in what Sunil Khilnani calls “the most violent and disruptive year in South Asia’s history”. At independence in 1947, Bengal had been spilt into western and eastern halves, with the latter forming Pakistan’s other wing. West Pakistan, however, treated its eastern component little better than a colony. The emergence of Bangladesh, after an Indian invasion and fierce Bengali resistance, was another ultimate consequence of Partition.

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In the rump Pakistan deprived of its eastern half, General Zia Al Haq committed himself to a vigorous programme of Islamicisation, which he thought would restore Pakistan and validate his dictatorial rule. With the Soviet Union’s invasion of Afghanistan, Pakistan found itself lavished with aid and investment from the Reagan administration, which gave Zia a free hand in his attempts to reshape Pakistan. But over his 11-year rule (1978-1988), “he conjured up what was not Islamic solidarity but cut-throat Islamic contention”. There would be a steep price to pay for unleashing such forces of ­contention.

Among the most striking consequences that Keay describes on these pages are the dynamics of the vast global South Asian diaspora and its effect on the politics and economics of the home countries. Cash remittances from abroad propelled South Asia’s economies, particularly Pakistan, with its traditional links to the Gulf. But the same channels fed liberation movements of every stripe. Sri Lanka’s Tamil Tigers were funded by Tamils who lived in the West. Kashmiris in Britain subsidised the Jammu and Kashmir National Liberation Front. Disturbingly, Keay observes of the destruction of Air India Flight 182 in 1985 how “coordinated attacks on prestigious civilian targets would soon come to be reckoned the prerogative of well-financed Islamist groups such as Al Qaeda. That it was in fact diasporic Sikh militants who pioneered this form of horror has been largely forgotten.”

Keay catalogues India’s post-Nehru years, the reign of his daughter Indira, and her son Rajiv, both felled by assassins, and the grave crises of Indian democracy in the 1970s and 80s as Sikh and Hindu nationalisms surged. He chronicles the savage civil war in Sri Lanka. He sees enduring trouble with the Indian constitution, but hopeful flickers of detente between Pakistan and India, the region’s two great antagonists. “For at least 20 years New Delhi and Islamabad have professedly been committed to normalising their relationships … bilateral tensions have been reduced and the Kashmir issue temporarily sidelined. But tacitly it is agreed that resolving the Kashmir conundrum remains the key to Indo-Pak ­rapprochement.”

Keay recognises the perils of writing about a recent past that’s not even past in an area of the world that will soon account for a quarter of the people on Earth. “This book will probably be challenged and certainly will be superseded.” He’s probably right, but he’s certainly game to ­concede it.

Matthew Price’s writing has been published in Bookforum, the Los Angeles Times, The Boston Globe and the Financial Times.

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

The%20trailblazers
%3Cp%3ESixteen%20boys%20and%2015%20girls%20have%20gone%20on%20from%20Go-Pro%20Academy%20in%20Dubai%20to%20either%20professional%20contracts%20abroad%20or%20scholarships%20in%20the%20United%20States.%20Here%20are%20two%20of%20the%20most%20prominent.%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EGeorgia%20Gibson%20(Newcastle%20United)%3C%2Fstrong%3E%0D%3Cbr%3EThe%20reason%20the%20academy%20in%20Dubai%20first%20set%20up%20a%20girls%E2%80%99%20programme%20was%20to%20help%20Gibson%20reach%20her%20potential.%20Now%20she%20plays%20professionally%20for%20Newcastle%20United%20in%20the%20UK.%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMackenzie%20Hunt%20(Everton)%3C%2Fstrong%3E%0D%3Cbr%3EAttended%20DESS%20in%20Dubai%2C%20before%20heading%20to%20the%20UK%20to%20join%20Everton%20full%20time%20as%20a%20teenager.%20He%20was%20on%20the%20bench%20for%20the%20first%20team%20as%20recently%20as%20their%20fixture%20against%20Brighton%20on%20February%2024.%0D%3C%2Fp%3E%0A
The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
Company%20Profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Neo%20Mobility%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20February%202023%3Cbr%3E%3Cstrong%3ECo-founders%3A%3C%2Fstrong%3E%20Abhishek%20Shah%20and%20Anish%20Garg%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Logistics%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%2410%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Delta%20Corp%2C%20Pyse%20Sustainability%20Fund%2C%20angel%20investors%3C%2Fp%3E%0A
The smuggler

Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple. 
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.

Khouli conviction

Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.

For sale

A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.

- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico

- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000

- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950

Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia

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.”

Skewed figures

In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458.