A conference on Ethiopia in Auckland

PLEASE NOTE THAT THIS CONFERENCE HAS BEEN POSTPONED. DATE HAS STILL TO BE ARRANGED. COMMUNITY EVENT WILL BE ON 4 NOVEMBER AR SAME LOCATION. IT WILL BE IN AMHARIC ONLY.

Ethiopia is much more than adventure tourism and tourist sights. The politics and economics of the country are fascinating too. For example, some Ethiopians who come to New Zealand as refugees are from the same tribe as the ruling party, (the Tigrayan People's Liberation Front (TPLF)) and work as undercover spies, keeping tabs on Ethiopians in this country.

To keep abreast of these issues and as well as those regarding social media and telecommunications, which are prohibited in the country, a conference will be held in Auckland on October 27.

It is designed to create awareness among New Zealand officialdom of the issues affecting the Ethiopian community and allow it to share its concern with members of the local community.

The conference will be held between 9am and 11am at the University of Auckland, 74 Epsom Ave, Auckland, Room 6EA-201A.

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NZ Super Fund announces 20.7% return for 2016/17

I've covered a lot of private equity over the years, especially in the Middle East where I was based for 8.5 years. In New Zealand, the private equity market is dominated by a few companies and the country's sovereign wealth fund, NZ Super, has a key place in particular. It has performed well. Here are the latest results.

The NZ Super Fund has enjoyed one of its best annual performances yet, turning in a 20.7% (after costs, before NZ tax) return for the 12 months to 30 June 2017. It finished the year at $35 billion, up $5 billion on the year before.

Chair Catherine Savage said: "The Fund is generating world class returns and creating significant wealth for New Zealanders on a sustained basis. It should not, however, be measured on its short-term returns. We are here to create long-term value for New Zealand taxpayers.  The Fund has now returned 10.2% p.a., more than double the cost to the Government of contributing to it,*  over a period of nearly 14 years."

The 20.7% annual result reflects a sustained rally in global equity markets, and resulted in the Fund paying a record high $1.2 billion in New Zealand income tax for the financial year.

Ms Savage said the Fund's active investment strategies had performed strongly during the year, adding value of 4.4% ($1.3 billion) over the Fund's passive benchmark. "Over the long term we expect to beat the passive benchmark by 1% p.a., so this has been an excellent year."

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Why Saudi has decided to permit women drivers

There is a lot of excitement and talk about the lifting of the ban on women drivers in Saudi Arabia. Undeniably, it is a move in the right direction but there are a lot of changes that are needed, such as the guardianship rules. These rules mean that a woman must ask the permission of a father, a brother, or even a son, to travel, or even to work.

Also, the right for women to drive must be extended to a younger age group. Even under the new ruling, which comes into effect in June 2018 (plenty of opportunity to put more conditions in place), women under 30 are not allowed to drive, according to my friend in the port city of Jeddah.

My experience with drivers in Riyadh has not been good. It is possible for a woman to take a cab from the airport, which is driven by a man of course, and travel alone with the driver. I did it.

I also took a cab to an ATM in Riyadh, because I had to, even though it was within walking distance from the hotel.  A woman alone with an unknown male at night!

And Uber has lost its licence to operate in London, with one of the reasons cited as lack of security. In the UAE, and Iran for that matter, there are at least women taxi drivers.

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Don’t underestimate Kurdistan’s resilience

The vote for Kurdistan’s, or Northern Iraq’s, independence has been fascinating. The Kurds are expecting a referendum result that overwhelmingly supports  independence- but whatever the outcome it’s unlikely that independence will be granted by the Iraqis, and Turkey, Iran and the US don’t won’t it. The Kurds might have spoken, as they have done in the past, but it makes little difference.

I spent  a few days recently with a Kurdish family in New Zealand- and they were totally passionate about Kurdish independence.

The Kurds are the largest majority in the Middle East who do not have an autonomous state; but countries are ready to use them to fight their cause. Recently,  the US armed the Kurds to fight ISIL. Will this change? These articles by the Brookings Institute in the US explains why.

Don’t underestimate Kurdistan’s resilience

By Ranj Alaaldin- Visiting Fellow - Brookings Doha Center

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Why the Rohingya issue is so complicated

I've been following the Rohingya issue which is becoming increasingly complex. This time, rather than being Muslims versus the West, it is Muslims versus the Buddhists- a group we, in the West, had always been taught is tolerant and caring. Indeed, these are the reasons often cited for people transferring their religious preference from Christianity to Buddhism.

Therefore, I was keen to read this article by Lex Rieffel, non-resident senior fellow, Global Economy and Development, The Brookings Institute. Much of the world has condemned Aung San Suu Kyi, state counselor and leader of the National League for Democracy of Myanmar, for not speaking out about the Rohingya killings. Rieffel explains why.

Reporters on the scene are saying that 300,000 or more members of the Rohingya community (of Muslim faith) in Buddhist-majority Myanmar have fled across the border into Muslim-majority Bangladesh in the past two weeks. The refugees have been describing to reporters a litany of human rights abuses: homes burned, women raped, men beheaded, and more.

Editorial writers and columnists around the world have slammed Aung San Suu Kyi, state counselor and leader of the National League for Democracy of Myanmar, for allowing the atrocities to occur and have even demanded that the Nobel Committee withdraw the Peace Prize awarded to her in 1991.

As a scholar focusing on Myanmar for the past 10 years, during which I have visited the country more than a dozen times, I know how horrible the situation is. I have been to Rakhine state and have seen the Rohingya confined to a refugee camp on the outskirts of the state capital of Sittwe. At the same time, I believe that much of the media commentary is misdirected. It fails to describe the complex origins of the problem and explain how intractable it is.

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Snapchat censors the news in Saudi Arabia

As a former journalist in the Middle East and one that continues to check out what is happening to journalism in the region, the move towards mixing the media and foreign policy in a very clear way is disturbing. While it is not surprising for the media to be mixed up with politics, as this is always been the case, it is disturbing when one form of social media bans different opinions from its platform.

This is what the Wall Street Journal says about it.

Snapchat Removes Al Jazeera Channel in Saudi Arabia

Snap says it is complying with local law; Al Jazeera calls move an ‘attempt to silence freedom of expression’

Snap, trying to grow its popularity as a destination for news articles and videos, is encountering new questions around the potential for government censorship of that news on its social-media app.

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Employing refugees: how a hotel in Vienna does it

Refugees are instrumental in running a hotel in Austria. Could a similar project be rolled out in New Zealand? Lucia Dore asks the CEO of Magdas Social Enterprise, Gabriela Sonnleitner, to explain how it operates.  

Magdas Hotel, in Vienna, Austria, is a hotel with a difference. Run by 20 former refugees and 11 hotel professionals, in co-operation with artists, architects and students, it aims to improve the lives of marginalised people, refugees in particular.

Sixteen countries are represented at the hotel and 26 languages are spoken. Training is done on the job and in special courses supported by professionals and volunteers.

The refugees have “regular work and that gives them security and stability in their lives. With their loan they have a secure income, can pay for a flat and other things and are no longer dependent on social welfare. They can live a self contained life,” says Magdas’ general manager, Gabriela Sonnleitner.

Even though the hotel is a social enterprise, based on the work of Nobel peace prizewinner, Muhammed Yunus, (who founded the Grameen Bank and pioneered the concepts of microcredit and microfinance) it is self-financing and all income is reinvested. It does not receive any public funding.

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The Saudi Arabian sheep deal again

The deal between the New Zealand government and Saudi businessman Hmood Al Ali Al Khalaf has re-surfaced. After the report came out by the Auditor General Lyn Provost last November that there was no evidence of corruption- although there were "significant shortcomings"- it was probably assumed that the matter was all done and dusted. But it's election time so it's probably not surprising that the deal has resurfaced.

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How do refugees find work?

Refugees and other marginalised people often find it very hard to find work. But this is only one of the many obstacles that they  must overcome. The article below about an asylum seeker in New Zealand tells a story that is all too common. It will be published within a larger volume of research that is being undertaken with the Canterbury Refugee Resettlement and Resource Centre (CRRRC).

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The Qatari Crisis- is this the end of the GCC?

I was listening to a podcast today by Nader Kabbani, director of research at the Brookings Doha Center and a senior fellow in Global Economy and Development. He provided a background on the Qatar-Gulf crisis, which has gone on for three months, and outlined its social, economic, and political implications.

He noted that Qatar has shifted its air and land routes, and although it can take longer to get from A to B the difference is not significant. Flying to Europe and Asia takes about 20 minutes longer, while to Africa it can take longer.

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Talking Heads: an exhibition exploring culture and gender

At the end of August, two Christchurch artists had a successful exhibition, for which LDC not only wrote and distributed the press release but also carried out the the marketing.


17 August 2017: Two Christchurch artists are exhibiting their work from Friday 25 August until August 31, at Next Gallery in Christchurch. It will be an exhibition of portraiture, but with a difference.

Self-portraits by at least 80 participants will be on display, many by Fine Art students from Banaras Hindu University. Consequently, it will be a kind of dialogue between New Zealand and Asia and will highlight the differences in gender and culture between the two regions and communities. Over time, the exhibition will include other countries, with the intention of encouraging further dialogue between communities.

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Saudi Aramco's IPO

Saudi Arabia is attempting to diversify its economy so that it becomes less reliant on oil. Part of the plan includes an initial public offering (IPO) of Saudi Aramco, the world’s largest oil company, valued at between about USD 8 billion and USD 10 billion.  It’s hoping to get more than that when the oil company goes public, reportedly about USD 2 trillion. But will this be achieved?

It appears that Saudi Arabia, and Saudi Aramco in particular, is scaling back its plans for diversification. It seems that it may not happen to the extent originally intended by 2020.

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How you can detect a fake from the real thing?

The world is full of terrible natural disasters, especially earthquakes and hurricanes. (Being based in New Zealand, we know all about earthquakes). So it’s a change to be discussing something frivolous such as handbags and shoes, even if they are fake.

 Living, and shopping in Dubai, it’s assumed that nearly everything you buy is fake. Handbags, though, were more readily available before, than now. Maybe that’s because of two reasons: the authorities have cracked down on fake items, imposing some hefty fines if sellers are caught; and more goods are put on social media. (Movements are afoot to impose fines on buyers too).

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Making the Middle East worse, Trump style

The problems across the Middle East just seem to get worse. How is it possible? When you're living in the region it's pretty clear that US foreign policy in particular, as well as the foreign policy of many of the European countries, including the UK and Germany, are much to blame, whether good or bad-- although foreign policy is generally bad.

This article that was published in Foreign Policy magazine back in June is enlightening. It explains why the problems are so intractable. One reason is expediency and stupidity; the other is the lack of force. Only force will bring about a solution, sort of, especially when it comes to the Israeli - Palestinian peace process. As I was told about five years ago when visiting both countries (I was attending a conference in Bethlehem) Israel will always be better off (territory wise) with the status quo than taking part in a negotiated settlement. This article appears to bear this out.

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Are anti-Muslim comments acceptable?

Anti-Muslim comments are becoming increasingly common all over the world. We have a great deal of anti-Muslim rhetoric from the US President, Donald Trump, who portrays all Muslims as terrorists; there is similar rhetoric emanating from the UK.

In New Zealand, we have a professor from Waikato University who, on Facebook, suggested that hiring Muslims was a poor move because of their prayer schedule. They pray five times a day, three of which are generally early in the morning and late at night.

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How to know if news is fake or not?

AI can do many things and one of them is the writing of fake news. How do you know what is fake news and what is not? The answer simply is that you don’t which is what this article that appeared in Business Insider Australia  explains

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How important is shorthand?

Learning shorthand is almost a rite of passage at journalism school. Everyone learns it. Not everyone is good at it. And most people don’t continue to use it. Or if one does, often one develops a new shorthand, which I did.

So when I read this story that was published in The Guardian I was shocked. I’m sure that this student has developed other ways of taking notes.  

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How hoax news looks like real news

Fake news is becoming more common; and fake it is. What is fake news? How is it produced? What makes it look so real? With technology improving all the time its’s becoming easier to produce fake news and make it look like the real thing. Here’s how.

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Gulf Businesses Face Declining Working Capital Perfomance

I'm working on some projects that require financing from the Middle East. It's undoubtedly more challenging than before to raise finance in that part of the world, as this article that was published on August 16, 2017 in Arabia Inc confirms.

Working capital metrics for firms have been weakening each quarter beginning from the fourth quarter of 2014.

The crash in oil prices and subsequent economic pressures have impacted the working capital performance for companies big and large, according to accounting firm PricewaterhouseCoopers (PwC).

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Will the US President be impeached?

If, like me, you’re wondering what is going to happen to US President Donald Trump, I was more convinced than ever that Trump could be impeached, sooner rather than later.

A few weeks ago I was listening to a talk by a former Professor of political science and international relations at the University of Delaware and he anticipated that Trump will hang on until the second half of his term in office. This is because it takes a long time to get the legal issues in place if impeachment is to happen. And enough Republicans votes would have been gathered to make impeachment possible.

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