Getty / The National
Getty / The National
Getty / The National
Getty / The National


Why the UN General Assembly still matters in 2022


  • English
  • Arabic

September 23, 2022

As world leaders rushed to London and billions tuned in, Queen Elizabeth II’s funeral was her last great act of service – bringing the world together. Normally, that is the job of the UN, and the funeral venue was symbolic – a stone’s throw from where the UN met for the first time in London in 1946. The young Elizabeth was there.

World business paused a moment for her funeral but gave no respite from global quarrels and tribulations. The queen would have approved that dignitaries wasted no time in moving on to New York for the UN General Assembly (UNGA).

Creating norms and standards for its fractious membership is UNGA’s most significant service. Many of humanity’s greatest advances were championed at past General Assemblies, such as the Universal Declaration of Human Rights, Principles for International Humanitarian Assistance and the Agenda for Sustainable Development.

Even when key debates on specialised issues occur in other multilateral fora, conclusions come to UNGA for blessing and follow-up. The Montreal Protocol to protect the ozone layer; the Ottawa Convention banning anti-personnel mines; the Sendai Framework for disaster reduction, countering desertification, and stopping of child recruitment into armed forces, are just some diverse examples.

However, these were low-hanging fruit that matured at relatively benign moments of geo-political consensus or compromise. Today’s UNGA is in a much more difficult place where every issue, however mutually beneficial, becomes a trial of strength between competing world views.

UNGA’s powers, under the UN Charter, are highly circumscribed. Its resolutions are not legally binding, except on internal UN budgetary matters. It cannot even appoint the Secretary General without recommendation from the Security Council. While it elects the non-permanent members of the Security Council, it is the permanent members that decide on the most vital issue for which the UN was created: peace and security.

Nevertheless, UNGA is useful. It provides a safe space for nations to proclaim lofty declarations, make blood-curdling speeches, issue fiery denunciations, or even bang their shoe in frustration as Khrushchev did in 1960. Participants can also show the highest form of diplomatic disapproval by ostentatiously walking out amidst someone’s speech. Better than going to war against them.

The 77th UN General Assembly convenes in September, 2022. Bloomberg
The 77th UN General Assembly convenes in September, 2022. Bloomberg

UNGA proceedings are webcast and domestic audiences can see their representatives declaiming. This boosts national prestige. The irony is that the ultimate forum for international co-operation is actually the biggest stage for projecting national self-interest.

UNGA delegates talk at, and not to, each other in set piece presentations in a vast cavern of a room. In any case, speeches can be accessed more easily online via their social media feeds. So, practical business is not conducted in formal UNGA sessions, as I learnt from attending UNGA and its subsidiary Economic and Social Council (ECOSOC). And except when some world leaders or celebrities come, the chamber is mostly empty while delegates conduct whispered diplomacy in corridors, over coffee in the lounge, or at numerous receptions around Manhattan. Who you are seen talking to or shaking hands with, sends important signals.

That is where deals are made to get votes for positions on UNGA’s many Committees, Commissions, Boards, Councils, Panels and Working Groups. When these are described as “open-ended” in the official jargon, you know that no outcome is expected. How many committees you get into and where (not all committees are equal) demonstrates your nation’s standing. There is much horse-trading. Many special advisory and high representative positions are theoretically appointed by the Secretary General, but he is easily lobbied. Such roles are also opportunities for patronage and national support may be bought and sold, as may some diplomatic ambassadorships to the UN that include voting rights. Such corrupt practices degrade UNGA’s moral currency.

The further irony is that the people who are most critical of UNGA rush fastest from one related event to another. But that illustrates the real value of UNGA as a time-tabled space in the global calendar where key stakeholders converge to connect in an efficient manner. That is why no global organisation, foundation, thinktank, NGO or advocacy group worth its name, can afford not to hang out there. Not for UNGA – but for the many side shows.

Many of humanity’s greatest advances were championed at past General Assemblies

These may allow a chance to bend a prime minister’s ear in an elevator or plead with a donor if you corner them in the washroom. Or, as a street activist, select a prime location on 42nd Street/First Avenue where cameras following a dignitary may catch your banner and publicise your cause.

The 77th session of UNGA is currently underway. It is special because it is the first fully in-person conclave since the start of the COVID-19 pandemic and the Russia-Ukraine war. It comes in the shadows of multiple other conflicts and disasters in every continent. These frame the political, economic, humanitarian and development challenges that are centre-stage at UNGA.

With at least 345 million facing acute food insecurity, according to the World Food Programme, including 50 million on the brink of starvation, an US/EU/AU co-convened food summit struggled to find policy solutions. Meanwhile, humanitarians are pleading for $41 billion to help 274 million needy people but they will be lucky to get half of this.

They must compete with other demands on the donor purse. Climate finance continues to be contentious, and the Glasgow Climate Compact remain un-fulfilled. The Global Fund seeks a $18bn replenishment to continue fighting HIV, tuberculosis and malaria. Diseases also compete with each other as Covid-19 is not done while money is sought for future pandemic prevention, preparedness and response. Meanwhile, global education is also in crisis and held its own summit, and the overall Sustainable Development Goals for 2030 are all way behind schedule.

All leaders say that they don’t want the Ukraine-Russia war derailing UNGA discussions but, in practice, this is the real elephant in the room. So, although there are special panels on other conflicts such as on Ethiopia, Afghanistan, Myanmar, Syria, Yemen and elsewhere, no breakthroughs are expected. But discussions are still useful to gauge support levels for one side or other, understand the views of protagonists, correct misinformation, and influence hardlines positions where possible. These are still the basis for resolution – whenever a conflict becomes ripe for solving.

Meanwhile, corridor conversations indicate increasing discontent with Secretary General Antonio Guterres for doing too little, too late in relation to his principal mandate around peace and security. He may not have easy solutions up his sleeve but his softly-softly approach, even as a figurehead, emboldens aggressors and abusers, argue his critics.

The Secretary-General is also under pressure for providing little oversight and not acting boldly to tackle egregious misdeeds and misbehaviours including fraud and corruption around the UN system. An aspect that he has shied away from is accountability gaps and un-trusted, non-independent investigation and compliance systems. Although UNGA’s few powers include approving budget and staffing levels for many UN entities, it does not flex this muscle to push UN reform because of the conflict of interest in initiating actions that may affect the privileges and positions of their own nationals.

The over-arching UNGA77 theme is “a watershed moment: transformative solutions to interlocking challenge”, and its Hungarian chairman’s motto is to seek “solutions through solidarity, sustainability, and science”. Who can disagree?

The UN has turned such hyperbole into an art form, as no breakthroughs are expected here. Nevertheless, UNGA is significant because it is the only gathering where 193 UN members get equal voice and vote. That matters for small or weak nations threatened by bigger ones or getting buffeted by global factors outside their control.

Talking at UNGA cannot solve the world’s problems or heal its many hurts. Its greatest contribution comes just from holding a mirror to the world’s inequities. And, sometimes, the reflection is compelling enough to trigger some change for the better. Not on everything. But on some things. In our muddled world, that may be good enough – for now.

((Disclaimer))

The Liechtensteinische Landesbank AG (“Bank”) assumes no liability or guarantee for the accuracy, balance, or completeness of the information in this publication. The content may change at any time due to given circumstances, and the Liechtensteinische Landesbank AG is under no obligation to update information once it has been published. This publication is intended for information purposes only and does not constitute an offer, a recommendation or an invitation by, or on behalf of, Liechtensteinische Landesbank (DIFC Branch), Liechtensteinische Landesbank AG, or any of its group affiliates to make any investments or obtain services. This publication has not been reviewed, disapproved or approved by the United Arab Emirates (“UAE”) Central Bank, Dubai Financial Services Authority (“DFSA”) or any other relevant licensing authorities in the UAE. It may not be relied upon by or distributed to retail clients. Liechtensteinische Landesbank (DIFC Branch) is regulated by the DFSA and this advertorial is intended for Professional Clients (as defined by the DFSA) who have sufficient financial experience and understanding of financial markets, products or transactions and any associated risks.

Trump v Khan

2016: Feud begins after Khan criticised Trump’s proposed Muslim travel ban to US

2017: Trump criticises Khan’s ‘no reason to be alarmed’ response to London Bridge terror attacks

2019: Trump calls Khan a “stone cold loser” before first state visit

2019: Trump tweets about “Khan’s Londonistan”, calling him “a national disgrace”

2022:  Khan’s office attributes rise in Islamophobic abuse against the major to hostility stoked during Trump’s presidency

July 2025 During a golfing trip to Scotland, Trump calls Khan “a nasty person”

Sept 2025 Trump blames Khan for London’s “stabbings and the dirt and the filth”.

Dec 2025 Trump suggests migrants got Khan elected, calls him a “horrible, vicious, disgusting mayor”

The%C2%A0specs%20
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%204-cylinder%202.0L%20TSI%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%3C%2Fstrong%3E%20Dual%20clutch%207-speed%0D%3Cbr%3E%3Cstrong%3EPower%3A%3C%2Fstrong%3E%20320HP%20%2F%20235kW%0D%3Cbr%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20400Nm%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3Efrom%20%2449%2C709%20%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20now%3C%2Fp%3E%0A

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.”

Scoreline:

Barcelona 2

Suarez 85', Messi 86'

Atletico Madrid 0

Red card: Diego Costa 28' (Atletico)

Racecard

6.30pm: Mazrat Al Ruwayah Group Two (PA) US$55,000 (Dirt) 1,600m

7.05pm: Meydan Trophy (TB) $100,000 (Turf) 1,900m

7.40pm: Handicap (TB) $135,000 (D) 1,200m

8.15pm: Balanchine Group Two (TB) $250,000 (T) 1,800m

8.50pm: Handicap (TB) $135,000 (T) 1,000m

9.25pm: Firebreak Stakes Group Three (TB) $200,000 (D) 1,600m

10pm: Handicap (TB) $175,000 (T) 2,410m

The National selections: 6.30pm: RM Lam Tara, 7.05pm: Al Mukhtar Star, 7.40pm: Bochart, 8.15pm: Magic Lily, 8.50pm: Roulston Scar, 9.25pm: Quip, 10pm: Jalmoud

THE BIO: Martin Van Almsick

Hometown: Cologne, Germany

Family: Wife Hanan Ahmed and their three children, Marrah (23), Tibijan (19), Amon (13)

Favourite dessert: Umm Ali with dark camel milk chocolate flakes

Favourite hobby: Football

Breakfast routine: a tall glass of camel milk

Company%C2%A0profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3EHayvn%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2018%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EChristopher%20Flinos%2C%20Ahmed%20Ismail%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EAbu%20Dhabi%2C%20UAE%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3Efinancial%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%20%3C%2Fstrong%3Eundisclosed%3Cbr%3E%3Cstrong%3ESize%3A%3C%2Fstrong%3E%2044%20employees%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3Eseries%20B%20in%20the%20second%20half%20of%202023%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EHilbert%20Capital%2C%20Red%20Acre%20Ventures%3C%2Fp%3E%0A
World record transfers

1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m

How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less
Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

Origin
Dan Brown
Doubleday

Updated: September 27, 2022, 10:38 AM