A new war would be the end of Hizbollah
A website affiliated with Israeli security claimed recently that Hizbollah in Lebanon is making preparations for an attack on Israel, even without Syrian or Iranian support.
In the pan-Arab paper Asharq Al Awsat, columnist Abdulrahman Al Rashid said he believes that "Hassan Nasrallah the secretary general of Hizbollah is praying to God that Israel doesn't wage a war on him under any pretext, for it would be the ageing, 30-year-old party's last war."
For Israel, it would be a true opportunity to destroy the capabilities of the party that relies entirely on the Iranian regime for financing and military supply, and on the Syrian regime for patronage and protection.
The Syrian government is a shambles now, while its Iranian ally is domestically and internationally stifled. Both regimes are in hopeless situations, which means this could be the end of their offspring, Hizbollah, a military organisation that has been important for three decades.
"For Hizbollah to wage a war on Israel would be suicidal," said the writer. "Without Iran's money and weapons and Mr Al Assad's backing, Hizbollah can't possibly last long as a military force."
The party has had to deal with many blows in the last two years as it discovered that Israel was able to breach its security on more than one level. A war would be a deadly blow to a political party that has already outlived its life expectancy.
'Watch out, mullahs, here we come!'
There is something funny about the juvenile Israeli extravaganza in which Benjamin Netanyahu seems to be warning Mahmoud Ahmadinejad "Get ready, we are going to hit you," columnist Rajeh El Khouri wrote in the Lebanese daily Annahar.
There are intimidating military preparations and escalated official statements in Tel Aviv. "But when the Israeli enemy decides to launch an air strike on Iranian plants, it first concern should be to conserve the element of surprise," he said.
"It should also choose timing more convenient for it US ally." A new war isn't in the best interests of Barack Obama as he gears up for a re-election campaign armed with the "achievement" of imminent US withdrawal from Iraq and Afghanistan. He especially does not want a war that is sure to inflame the Middle East and drive oil prices to levels that would strain the drained US economy.
"Who are those lunatics in Tel Aviv relying on when they threaten to bomb Iranian nuclear plants?" asked the writer.
Some argue that Israel sees this as the best time for such an operation; Tehran is apparently less than a year from having a nuclear bomb. But does such a mad strike need all this propaganda?
Of course not. Tel Aviv is in fact exploiting Obama to achieve two objectives: pressuring him to tightening sanctions on Tehran and shifting attention from the Palestinian endeavour to gain an independent state.
Does Obama agree about Netanyahu?
An editorial in the London-based newspaper Al Quds Al Arabi yesterday dealt with the French media frenzy started when France's president, Nicolas Sarkozy, was overheard calling the Israeli premier, Benjamin Netanyahu, "a liar".
The comment was made to the US president Barack Obama, on the sidelines of the G20 summit in Cannes last week. The two men thought they were speaking in private.
Mr Sarkozy said "Netanyahu, I can't stand him. He's a liar." To which Mr Obama replied: "You are sick of him, but I have to work with him every day."
But this won't change anything about the fact that western powers will always prefer to believe lies from allies rather than accept truths from those who are oppressed by those allies, the editorial said.
"It's not like the French president discovered the atom," the newspaper said. "There is a general consensus of sorts that Netanyahu is a master of lying and double-crossing, inside and outside Israel. The Palestinians who have been directly affected by his dishonesty are living testaments to that."
Mr Obama's response to the French president carried implicit approval, which makes one wonder: why does the president of the leading nation of the "free world" still believe the never-ending fallacies put forward by the current Israeli government?
Libya can take cue from Korea and UAE
The new Libya has a historic opportunity to rise from decades of tyranny-inflicted backwardness and become a prominent Arab-African nation, Emirati writer Mohammed Al Hammadi, said in the opinion pages of the Abu Dhabi-based paper Al Ittihad.
As far as fast-paced human development and economic growth are concerned, South Korea and the United Arab Emirates are two success stories that Libya's new leaders can use as roadmaps.
Libya is not only rich in oil, it is also blessed with a long coastline that opens it onto European markets.
"All Libya needs is a clear plan for the future and a sound democratic structure in place," the writer said.
Look at the once war-torn South Korea. It rose from its ashes in the 1950s to become an economic powerhouse today. The key to the Korean experience is education. Korean universities churned out qualified workers who brought their fresh ideas to small companies, turning them into gigantic multinational corporations.
The UAE also offers a model, the writer said, especially since it, like Libya, has ample oil and a sparse local population. The UAE could share its exceptional experience in human development, which earned it a solid 30th place on the UN's Human Development index this year.
* Digest compiled by The Translation Desk
translation@thenational.ae
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
Armies of Sand
By Kenneth Pollack (Oxford University Press)
UAE currency: the story behind the money in your pockets
SUCCESSION%20SEASON%204%20EPISODE%201
%3Cp%3E%3Cstrong%3ECreated%20by%3A%20%3C%2Fstrong%3EJesse%20Armstrong%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Brian%20Cox%2C%20Jeremy%20Strong%2C%20Kieran%20Culkin%2C%20Sarah%20Snook%2C%20Nicholas%20Braun%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
RESULT
West Brom 2 Liverpool 2
West Brom: Livermore (79'), Rondón (88' )
Liverpool: Ings (4'), Salah (72')
UAE'S%20YOUNG%20GUNS
%3Cp%3E1%20Esha%20Oza%2C%20age%2026%2C%2079%20matches%0D%3Cbr%3E%0D%3Cbr%3E2%20Theertha%20Satish%2C%20age%2020%2C%2066%20matches%0D%3Cbr%3E%0D%3Cbr%3E3%20Khushi%20Sharma%2C%20age%2021%2C%2065%20matches%0D%3Cbr%3E%0D%3Cbr%3E4%20Kavisha%20Kumari%2C%20age%2021%2C%2079%20matches%0D%3Cbr%3E%0D%3Cbr%3E5%20Heena%20Hotchandani%2C%20age%2023%2C%2016%20matches%0D%3Cbr%3E%0D%3Cbr%3E6%20Rinitha%20Rajith%2C%20age%2018%2C%2034%20matches%0D%3Cbr%3E%0D%3Cbr%3E7%20Samaira%20Dharnidharka%2C%20age%2017%2C%2053%20matches%0D%3Cbr%3E%0D%3Cbr%3E8%20Vaishnave%20Mahesh%2C%20age%2017%2C%2068%20matches%0D%3Cbr%3E%0D%3Cbr%3E9%20Lavanya%20Keny%2C%20age%2017%2C%2033%20matches%0D%3Cbr%3E%0D%3Cbr%3E10%20Siya%20Gokhale%2C%20age%2018%2C%2033%20matches%0D%3Cbr%3E%0D%3Cbr%3E11%20Indhuja%20Nandakumar%2C%20age%2018%2C%2046%20matches%3C%2Fp%3E%0A
EPL's youngest
- Ethan Nwaneri (Arsenal)
15 years, 181 days old
- Max Dowman (Arsenal)
15 years, 235 days old
- Jeremy Monga (Leicester)
15 years, 271 days old
- Harvey Elliott (Fulham)
16 years, 30 days old
- Matthew Briggs (Fulham)
16 years, 68 days old
Masters%20of%20the%20Air
%3Cp%3E%3Cstrong%3EDirectors%3A%3C%2Fstrong%3E%20Cary%20Joji%20Fukunaga%2C%20Dee%20Rees%2C%20Anna%20Boden%2C%20Ryan%20Fleck%2C%20Tim%20Van%20Patten%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Austin%20Butler%2C%20Callum%20Turner%2C%20Anthony%20Boyle%2C%20Barry%20Keoghan%2C%20Sawyer%20Spielberg%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%202%2F5%3C%2Fp%3E%0A
Race card:
6.30pm: Baniyas (PA) Group 2 Dh195,000 1,400m.
7.05pm: Maiden (TB) Dh165,000 1,400m.
7.40pm: Handicap (TB) Dh190,000 1,200m.
8.15pm: Maiden (TB) Dh165,000 1,200m.
8.50pm: Rated Conditions (TB) Dh240,000 1,600m.
9.20pm: Handicap (TB) Dh165,000 1,400m.
10pm: Handicap (TB) Dh175,000 2,000m.
The view from The National
Zimbabwe v UAE, ODI series
All matches at the Harare Sports Club:
1st ODI, Wednesday, April 10
2nd ODI, Friday, April 12
3rd ODI, Sunday, April 14
4th ODI, Tuesday, April 16
UAE squad: Mohammed Naveed (captain), Rohan Mustafa, Ashfaq Ahmed, Shaiman Anwar, Mohammed Usman, CP Rizwan, Chirag Suri, Mohammed Boota, Ghulam Shabber, Sultan Ahmed, Imran Haider, Amir Hayat, Zahoor Khan, Qadeer Ahmed
Dust and sand storms compared
Sand storm
- Particle size: Larger, heavier sand grains
- Visibility: Often dramatic with thick "walls" of sand
- Duration: Short-lived, typically localised
- Travel distance: Limited
- Source: Open desert areas with strong winds
Dust storm
- Particle size: Much finer, lightweight particles
- Visibility: Hazy skies but less intense
- Duration: Can linger for days
- Travel distance: Long-range, up to thousands of kilometres
- Source: Can be carried from distant regions
The Perfect Couple
Starring: Nicole Kidman, Liev Schreiber, Jack Reynor
Creator: Jenna Lamia
Rating: 3/5
'Outclassed in Kuwait'
Taleb Alrefai,
HBKU Press
Most sought after workplace benefits in the UAE
- Flexible work arrangements
- Pension support
- Mental well-being assistance
- Insurance coverage for optical, dental, alternative medicine, cancer screening
- Financial well-being incentives
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.”