Three years on, Egypt has yet to build on the spirit of revolution



Three years ago, Zine El Abidine Ben Ali had fled Tunisia and the situation in Egypt began to move, although few people really expected Hosni Mubarak to do anything but stay in power. At the time, I wrote in this newspaper that “civil society has not just been crippled, but … it has been massacred”. As a result, “young people, whether in Tunisia or elsewhere, need a vision”. I was, essentially, arguing against a revolutionary uprising. I was wrong.

Sadly, I do not anticipate a positive third anniversary of the January 25 uprisings. There will be large crowds on the streets and, hopefully, there will be minimal violence.

On the broader political scene, the dreams and hopes of that original moment have gone. The majority of Egyptians have made a choice between two camps: most seem to support a new constitution. A minority has chosen a bankrupt, sectarian Islamist movement that has a marginal fringe of violent radicals. Critical mass certainly does not lie with the forces of reform who might seek to restructure the security establishment, develop the judiciary or restructure policies for social justice. Talk of transitional justice for Mubarak’s era, let alone the three years that came after it, would be humorous, if it were not so tragic.

Three years ago, I argued that the Egyptian state needed reform rather than revolution. My concern was that revolution would lead to collapse, and without a thriving civil society, all that would happen was chaos. As it turned out, the revolution did not lead to collapse, partly because the state did not exist in a conventional way. Rather, it existed, and exists, as more of a network of interests than anything else – and those interests are stable.

What remains is a deceptive type of stability. This state persists due to the games played by both the current administration and its main Islamist opponents in the Muslim Brotherhood-led Anti-Coup Alliance. At some point, the duel between the two will cease to be the main energising force of the country’s political arena – and then the administration may pause to wonder what needs to be done.

Odd as it sounds, Egypt does need a revolution, because in the past three years, it has not actually had one. It has had revolutionaries, who have wanted to build a new Egypt, but revolutionary change has not taken place.

There were chances for it – but they would have required the cooperation of either the Muslim Brotherhood or the military establishment. In both cases, they chose an interpretation of their own interests that precluded building a widespread consensus for a new Egyptian republic. In both cases, they declared victory and then failed to build the republic that remains the single best hope for a stable Egyptian state in the 21st century.

Egypt is not an island. For good reason, the international community will continue to be concerned about an Egyptian state where it feels respect for fundamental rights are decreasing.

Unilateral engagement with Egypt is likely to be perceived as unwanted international interference. Multilateral engagement, particularly from a collection of Gulf and European states, may be a different story – and will, perhaps, be more successful in identifying how to assist Egypt to move in a more positive direction. Egypt is not simply a proud state, but an important one whose future affects the entire region.

For that reason, it deserves assistance – and part of that aid should be clear and forthright advice about where things are going wrong. Civil society, which is under more pressure than ever, needs to be strengthened and not be subject to further subjugation.

At one point, the authorities of Egypt may realise that real and genuine reform is the best way to a stable future. The overwhelming majority of Egyptians are young and the current set up of the Egyptian state is structurally incapable of meeting their needs, let alone their aspirations. That demographic reality may force the political elite to one day reconsider their options.

In the meantime, the forces of reform who put their faith in the possibilities of the January 25 uprisings have really only one choice, and that is to maintain their vision of a better Egypt, continue to hold everyone and everybody to account – in whatever way they can, through media outlets, rights groups and other civil society institutions.

I wrote in 2011 that “Right now, it’s not that these young people are rejecting a vision. It’s worse: no one has any vision to give them.”

Three years on, there are now more people who could conceivably build that vision, whether they do or not is up to them.

Dr HA Hellyer is an associate fellow at the Royal United Services Institute in London, and the Brookings Institution in Washington DC and ISPU

On Twitter: @hahellyer

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2. David Dekker (NED) Jumbo-Visma - same time

3. Michael Morkov (DEN) Deceuninck-QuickStep   

4. Emils Liepins (LAT) Trek-Segafredo

5. Elia Viviani (ITA) Cofidis

6. Tadej Pogacar (SLO UAE Team Emirates

7. Anthony Roux (FRA) Groupama-FDJ

8. Chris Harper (AUS) Jumbo-Visma - 0:00:03

9. Joao Almeida (POR) Deceuninck-QuickStep         

10. Fausto Masnada (ITA) Deceuninck-QuickStep

The Bio

Favourite place in UAE: Al Rams pearling village

What one book should everyone read: Any book written before electricity was invented. When a writer willingly worked under candlelight, you know he/she had a real passion for their craft

Your favourite type of pearl: All of them. No pearl looks the same and each carries its own unique characteristics, like humans

Best time to swim in the sea: When there is enough light to see beneath the surface

If you go:

 

Getting there:

Flying to Guyana requires first reaching New York with either Emirates or Etihad, then connecting with JetBlue or Caribbean Air at JFK airport. Prices start from around Dh7,000.

 

Getting around:

Wildlife Worldwide offers a range of Guyana itineraries, such as its small group tour, the 15-day ‘Ultimate Guyana Nature Experience’ which features Georgetown, the Iwokrama Rainforest (one of the world’s four remaining pristine tropical rainforests left in the world), the Amerindian village of Surama and the Rupununi Savannah, known for its giant anteaters and river otters; wildlifeworldwide.com

A State of Passion

Directors: Carol Mansour and Muna Khalidi

Stars: Dr Ghassan Abu-Sittah

Rating: 4/5

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FIGHT CARD

Bantamweight Hamza Bougamza (MAR) v Jalal Al Daaja (JOR)

Catchweight 67kg Mohamed El Mesbahi (MAR) v Fouad Mesdari (ALG)

Lighweight Abdullah Mohammed Ali (UAE) v Abdelhak Amhidra (MAR)

Catchweight 73kg Mostafa Ibrahim Radi (PAL) v Yazid Chouchane (ALG)

Middleweight Yousri Belgaroui (TUN) v Badreddine Diani (MAR)

Catchweight 78kg Rashed Dawood (UAE) v Adnan Bushashy (ALG)

Middleweight Sallaheddine Dekhissi (MAR) v Abdel Emam (EGY)

Catchweight 65kg Rachid Hazoume (MAR) v Yanis Ghemmouri (ALG)

Lighweight Mohammed Yahya (UAE) v Azouz Anwar (EGY)

Catchweight 79kg Omar Hussein (PAL) v Souhil Tahiri (ALG)

Middleweight Tarek Suleiman (SYR) v Laid Zerhouni (ALG)

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.”

Europe’s rearming plan
  • Suspend strict budget rules to allow member countries to step up defence spending
  • Create new "instrument" providing €150 billion of loans to member countries for defence investment
  • Use the existing EU budget to direct more funds towards defence-related investment
  • Engage the bloc's European Investment Bank to drop limits on lending to defence firms
  • Create a savings and investments union to help companies access capital
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 
Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

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Dr Afridi's warning signs of digital addiction

Spending an excessive amount of time on the phone.

Neglecting personal, social, or academic responsibilities.

Losing interest in other activities or hobbies that were once enjoyed.

Having withdrawal symptoms like feeling anxious, restless, or upset when the technology is not available.

Experiencing sleep disturbances or changes in sleep patterns.

What are the guidelines?

Under 18 months: Avoid screen time altogether, except for video chatting with family.

Aged 18-24 months: If screens are introduced, it should be high-quality content watched with a caregiver to help the child understand what they are seeing.

Aged 2-5 years: Limit to one-hour per day of high-quality programming, with co-viewing whenever possible.

Aged 6-12 years: Set consistent limits on screen time to ensure it does not interfere with sleep, physical activity, or social interactions.

Teenagers: Encourage a balanced approach – screens should not replace sleep, exercise, or face-to-face socialisation.

Source: American Paediatric Association
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Tomb%20Raider%20I%E2%80%93III%20Remastered
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Name: Brendalle Belaza

From: Crossing Rubber, Philippines

Arrived in the UAE: 2007

Favourite place in Abu Dhabi: NYUAD campus

Favourite photography style: Street photography

Favourite book: Harry Potter

HOW TO WATCH

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The bio

Favourite book: Peter Rabbit. I used to read it to my three children and still read it myself. If I am feeling down it brings back good memories.

Best thing about your job: Getting to help people. My mum always told me never to pass up an opportunity to do a good deed.

Best part of life in the UAE: The weather. The constant sunshine is amazing and there is always something to do, you have so many options when it comes to how to spend your day.

Favourite holiday destination: Malaysia. I went there for my honeymoon and ended up volunteering to teach local children for a few hours each day. It is such a special place and I plan to retire there one day.

match info

Athletic Bilbao 1 (Muniain 37')

Atletico Madrid 1 (Costa 39')

Man of the match  Iker Muniain (Athletic Bilbao)