Gulf leaders urged to increase aid to refugee camps



NEW YORK // The new boss of the agency for Palestinian refugees will call on Gulf leaders to increase education and healthcare funding to those living in poverty-wracked camps during his debut at Dubai's annual aid conference. Filippo Grandi, the Italian-born civil servant who heads the UN Relief and Works Agency (Unrwa), will urge Gulf aid officials for a cash boost during his keynote address to the Dubai International Humanitarian Aid and Development Conference and Exhibition (Dihad) next month. Arab League members have promised to finance 7.7 per cent of the cash-strapped agency's budget, but currently contributed only 1.5 per cent of the estimated US$600 million (Dh2.2 billion) needed annually to deliver schools, hospitals and other services to Palestinian refugees.

"The backbone of Unrwa is really health and education, so the theme of Dihad will give me the opportunity to explain why it is so important to support that," Mr Grandi said in an interview. "Of course, there will be a message to donors in that region to support us more." Mr Grandi said he will call for a cash injection at the Dubai International Convention and Exhibition Centre on April 4 during his first visit to the UAE since becoming Unrwa's chief in January while meeting government aid officials on the sidelines.

The chronically underfunded agency lacks $100 million this year, and Mr Grandi hopes to plug the shortfall during fund-raising trips to Saudi Arabia in May and at the Arab League Summit being hosted by Libya at the end of this month. Mr Grandi lauded ad-hoc donations from Saudi Arabia, which provided $25 million for the reconstruction of Nahr al Bared camp in Lebanon, and Kuwait, which made the first emergency donation of $34 million to assist Gazans during the Israeli invasion in the winter of 2008-2009.

"These are very generous gestures that should be noted and taken into serious account," he said. "What we are convincing Arab donors to do is to give more funds to our core activities, the ones that are more severely underfunded. Their contribution is far below the 7.7 per cent stipulated in the Arab League resolution." Andrew Whitley, the director of Unrwa's New York office, said Arab leaders have historically been reluctant to finance the agency, claiming that western governments should foot the bill because they supported the creation of Israel in 1948.

Although that remains the "bedrock attitude", Mr Grandi's meeting with the Syrian president, Bashar al Assad, last month revealed "an important shift of attitude" and that "even in a hardline country like Syria - there is a growing recognition of the need for Arab countries to assume greater responsibility" for Palestinian welfare, he said. For more than three years, the Arabic-speaking British diplomat, Peter Ford, has approached the "semi-private, semi-public, family or official channels" in the Gulf seeking greater financial support to Unrwa, added Mr Whitley.

"Western aid-giving is more institutionalised. Arab donation is more direct, emotional and based on individuals' decision. That reflects in part the nature of the ruling system," he added. "We are definitely moving in the right direction in terms of gaining greater regular support for the agency." The 60-year-old agency provides education and social services to 4.7 million Palestinian refugees across Gaza, the West Bank, Jordan, Syria and Lebanon. Many recipients are fourth-generation descendants of those who fled Israel following its declaration of independence in 1948.

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At a glance

Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.

 

Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year

 

Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month

 

Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30 

 

Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse

 

Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth

 

Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances

Roll of honour 2019-2020

Dubai Rugby Sevens

Winners: Dubai Hurricanes

Runners up: Bahrain

 

West Asia Premiership

Winners: Bahrain

Runners up: UAE Premiership

 

UAE Premiership

Winners: Dubai Exiles

Runners up: Dubai Hurricanes

 

UAE Division One

Winners: Abu Dhabi Saracens

Runners up: Dubai Hurricanes II

 

UAE Division Two

Winners: Barrelhouse

Runners up: RAK Rugby

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.

Part three: an affection for classic cars lives on

Read part two: how climate change drove the race for an alternative 

Read part one: how cars came to the UAE

In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

MATCH INFO

Fixture: Ukraine v Portugal, Monday, 10.45pm (UAE)

TV: BeIN Sports

The rules on fostering in the UAE

A foster couple or family must:

  • be Muslim, Emirati and be residing in the UAE
  • not be younger than 25 years old
  • not have been convicted of offences or crimes involving moral turpitude
  • be free of infectious diseases or psychological and mental disorders
  • have the ability to support its members and the foster child financially
  • undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
  • A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially
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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.”

Tuesday's fixtures
Group A
Kyrgyzstan v Qatar, 5.45pm
Iran v Uzbekistan, 8pm
N Korea v UAE, 10.15pm