CAIRO // A prominent Sunni Muslim cleric has criticised Muslims and their leaders for not protecting Al Aqsa mosque in Jerusalem and is calling for public protest on Friday.
Sheikh Youssef al Qaradawi, the head of the International Union for Muslim Scholars, called for people to "demonstrate peacefully - to protest against the Israeli aggression and siege of Al Aqsa mosque, and the arrest of worshippers".
"I'm calling on the Islamic community, both ruled and rulers, to undertake their responsibility to champion this Al Aqsa mosque," Mr al Qaradawi told reporters at a press conference at the Press Syndicate building Monday night.
Israel has deployed police in and around the Al Aqsa compound after clashes broke out when more than 150 Palestinians protested against the closing of the compound. Seven Palestinian protesters were injured and three arrested in the clashes on September 27.
The Israelis made the move after what it said were calls by the Palestinian media to "come protect" the area. Israel captured the compound in the 1967 Middle East war and annexed it with the rest of East Jerusalem, in a move not recognised internationally. The compound also houses the Dome of the Rock and overlooks the Western Wall, a Jewish prayer site.
About 50 activists from secular opposition groups gathered yesterday at the Press Syndicate to protest. Small numbers of anti-riot police surrounded the syndicate, but did not ban the protest. Waving Palestinian flags, and some wearing the Palestinian kaffiyeh, the protesters chanted against the silence of Arab regimes and demanded the closing of the Israeli Embassy and the expulsion of the Israeli ambassador.
"We are here to tell Arab regimes that their stances are condemned and abhorred," Ayman Nour, an opposition leader, said. "All that's happening in front of us shows how the despotic Arab regimes are keen for this struggle to remain forever, so they continue to abuse it and remain in their seats forever."
The protest lasted for less than an hour and ended with support for Mr al Qaradawi's call for a protest at Al Azhar on Friday. Facebook groups called for protests at other big mosques in Egypt.
Mohammed Habib, the deputy leader of the Muslim Brotherhood, said it will decide today about joining the protests. It is the only political group capable of amassing thousands of protesters across Egypt.
On Monday, Mr al Qaradawi called on preachers to dedicate Friday sermons to the mosque issue, saying it was in danger of "Israeli occupation". He decried excavation work Israel is conducting under the walls of the compound, and was critical of Israeli police who are restricting access to the mosques.
He emphasised the importance of holding conferences at mosques across the world on Friday, which he called an "Anger Day", and for "peaceful marches without throwing stones or any violence".
"I'm very surprised that some Arab and Islamic governments are barring their people from peacefully expressing their rejection and anger at the Jews' daily violations of our holy places," Mr al Qaradawi said. "There is something wrong about this exaggerated fear; some governments are becoming scared of their own shadows, as if a demonstration in solidarity with Al Aqsa mosque and Jerusalem will overthrow the regime.
"Egypt, as the heart of Arabism and Islam, has a big responsibility, which it shouldn't give up, for the sake of this Umma."
He continued: "Arab and Islamic leaders' responsibility is bigger than the ruled, as the latter have no weapons or armies. What's the use of the billions these governments are spending to buy weapons that they leave to rust in storage or use against their own people?"
Although generally considered a moderate-to-conservative scholar, Mr al Qaradawi has occasionally been at odds with the Egyptian government, one of the reasons he now lives in Qatar.
Lately, however, he seems to be welcomed. The minister of Awqaf religious affairs, Hamdy Zaqzouq, announced last week that he decided to teach Al Azhar preachers Mr al Qaradawi's latest two-volume work, The Jurisprudence of Jihad. More than 1,400 pages, the volumes restate his belief in the right of Muslims to resist "aggression" and "foreign occupation".
"While the Jerusalem issue hasn't been solved and gets more complicated with time, the Zionists grow more oppressive, and we become more desperate, abandoning the issue and surrendering," he said. However, "this Umma is still fine, and won't die. Even if leaders die, nations don't," he said. "I can't lose hope in our people, but could give up on some, but not all, of the ruling regimes."
nmagd@thenational.ae
* With additional reporting by the Associated Press, Agence France-Presse and Reuters
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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COMPANY%20PROFILE
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Game Changer
Director: Shankar
Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram
Rating: 2/5
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Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5
Temple numbers
Expected completion: 2022
Height: 24 meters
Ground floor banquet hall: 370 square metres to accommodate about 750 people
Ground floor multipurpose hall: 92 square metres for up to 200 people
First floor main Prayer Hall: 465 square metres to hold 1,500 people at a time
First floor terrace areas: 2,30 square metres
Temple will be spread over 6,900 square metres
Structure includes two basements, ground and first floor
The specs
Engine: 4.0-litre flat-six
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
INDIA'S%20TOP%20INFLUENCERS
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COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.
When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.
How to get there: Emirates currently flies from Dubai to Orlando five times a week.
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
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