Rumour, innuendo and rabble-rousing - such has been the tinder of sectarian clashes in Egypt in recent months. There has been an increasing trend of violence since the fall of the Mubarak regime in February, more often than not blamed on an illicit love affair or speculation about a religious conversion. These are not events that should foment a war, but they have been effective in inciting a few skirmishes.
As a result, we have seen churches burnt in Cairo and running street battles between Muslims and Christians, a sad sight as the country tries to negotiate a new political and social order. But these are based on provocations - meant to breed fear and distrust - that Egyptians should be strong enough to withstand.
Many people's fears were encapsulated last week by Egypt's Grand Mufti Ali Gomaa, who warned of a civil war that could last for more than a decade. The ruling military council has also made statements about growing unrest, although to its credit security forces have acted quickly to arrest rioters.
There has been a recent lack of direction in Egypt's revolution, which was born amid so much optimism. While warnings of civil war are overblown, it is the uncertainty that keeps the fear alive.
Some Egyptians are anxious about an "Iraq model" of sectarian violence and talk of businessmen loyal to the former regime encouraging sectarianism. Others are anxious about an "Algerian model" in which the military would stage a coup if Islamists win the elections. An "Iranian model" is also feared with the rise of Salafism.
It will be the "Egypt model" that prevails, although no one knows quite what that will be. The majority of Egyptians support a peaceful transition to democracy. We believe that they will recognise their strengths: a society that largely shares the same experience and the same dreams.
At the same time, the sectarian divide and Salafism are not a product of recent events; they have existed for centuries but the revolution has brought them to the fore. Instead of keeping them under tight control as the Mubarak regime did in the past, Egyptians should deal with them and move forward. Part of the promise of the revolution - as arduous as the road may be - is to find more durable solutions to these problems.
Egypt is a compass for the region; where its Arab Spring leads, many will follow. The outcome of the next few months leading up to elections will be felt far outside its borders.
Gothia Cup 2025
4,872 matches
1,942 teams
116 pitches
76 nations
26 UAE teams
15 Lebanese teams
2 Kuwaiti teams
Specs
Engine: Dual-motor all-wheel-drive electric
Range: Up to 610km
Power: 905hp
Torque: 985Nm
Price: From Dh439,000
Available: Now
The biog
Name: Sari Al Zubaidi
Occupation: co-founder of Cafe di Rosati
Age: 42
Marital status: single
Favourite drink: drip coffee V60
Favourite destination: Bali, Indonesia
Favourite book: 100 Years of Solitude
How to invest in gold
Investors can tap into the gold price by purchasing physical jewellery, coins and even gold bars, but these need to be stored safely and possibly insured.
A cheaper and more straightforward way to benefit from gold price growth is to buy an exchange-traded fund (ETF).
Most advisers suggest sticking to “physical” ETFs. These hold actual gold bullion, bars and coins in a vault on investors’ behalf. Others do not hold gold but use derivatives to track the price instead, adding an extra layer of risk. The two biggest physical gold ETFs are SPDR Gold Trust and iShares Gold Trust.
Another way to invest in gold’s success is to buy gold mining stocks, but Mr Gravier says this brings added risks and can be more volatile. “They have a serious downside potential should the price consolidate.”
Mr Kyprianou says gold and gold miners are two different asset classes. “One is a commodity and the other is a company stock, which means they behave differently.”
Mining companies are a business, susceptible to other market forces, such as worker availability, health and safety, strikes, debt levels, and so on. “These have nothing to do with gold at all. It means that some companies will survive, others won’t.”
By contrast, when gold is mined, it just sits in a vault. “It doesn’t even rust, which means it retains its value,” Mr Kyprianou says.
You may already have exposure to gold miners in your portfolio, say, through an international ETF or actively managed mutual fund.
You could spread this risk with an actively managed fund that invests in a spread of gold miners, with the best known being BlackRock Gold & General. It is up an incredible 55 per cent over the past year, and 240 per cent over five years. As always, past performance is no guide to the future.
RACE CARD
6.30pm: Maiden (TB) Dh82,500 (Dirt) 1,200m
7.05pm: Maiden (TB) Dh82,500 (D) 1,900m
7.40pm: Handicap (TB) Dh102,500 (D) 2,000m
8.15pm: Conditions (TB) Dh120,000 (D) 1,600m
8.50pm: Handicap (TB) Dh95,000 (D) 1,600m
9.25pm: Handicap (TB) Dh87,500 (D) 1,400m
The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
THE SPECS
Engine: 6.75-litre twin-turbocharged V12 petrol engine
Power: 420kW
Torque: 780Nm
Transmission: 8-speed automatic
Price: From Dh1,350,000
On sale: Available for preorder now
Racecard
6pm: Mina Hamriya – Handicap (TB) $75,000 (Dirt) 1,400m
6.35pm: Al Wasl Stakes – Conditions (TB) $60,000 (Turf) 1,200m
7.10pm: UAE Oaks – Group 3 (TB) $150,000 (D) 1,900m
7.45pm: Blue Point Sprint – Group 2 (TB) $180,000 (T) 1,000m
8.20pm: Nad Al Sheba Trophy – Group 3 (TB) $200,000 (T) 2,810m
8.55pm: Mina Rashid – Handicap (TB) $80,000 (T) 1,600m
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
Killing of Qassem Suleimani