Let Saleh go quietly


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Yemen’s Saleh must be rewarded, rather than prosecuted, for consenting to leave office

In his opinion article for the London-based daily Asharq Al Awsat, the columnist Abdelrahman Al Rashid commented on the wave of resentment that has overtaking Yemen since President Ali Abdullah Saleh signed the GCC-backed deal granting him a safe exit from power and immunity from prosecution.
He said: "Amnesty International is irate because the deal provides for President Saleh's resignation in exchange for a complete closure of his dossier."
Amnesty's point of view also resonates with opposition protesters. They argue that Saleh should be prosecuted for the crimes that were perpetrated under his watch in recent months.
"Personally, I still doubt that Saleh will ever forsake authority. I will only believe when I see him, along with his relatives and comrades, go away," added the writer.
"He is elusive and has been known to lie on more than one occasion. He should in fact be rewarded if and when he decides to leave and not be prosecuted at all, for his departure would prevent a most destructive war."
In fact, should Mr Saleh surprise the world and walk away, he would be the first Arab president to leave under this formula since the beginning of the Arab Spring.
His regime would fall with few casualties in comparison to what has been happening in Libya and Syria.
Talk of accountability and prosecution in the case of President Saleh is a luxury that Yemen cannot afford.
It is no easy feat to uproot a regime that has been reigning unchallenged for decades. Those who objecting to immunity must be reminded that in Yemen, as in Libya and Syria, getting rid of the president, whether by force or by persuasion, in practice generally means the toppling of the entire regime.
President Saleh, just like Muammar Qaddafi and Bashar Al Assad, is the regime. He is the army, he is security, he is the government and he is the state.
Mr Saleh was able to survive an assassination attempt that kept him in a hospital in Saudi for months, while his regime managed to lose not even one street.
"Thanks to his forces and his security apparatus, Mr Saleh has the capacity to reign over Yemen for years to come. He wouldn't shy away from exploiting tribal and sectarian differences to his benefit, which would transform the country into a battlefield where the biggest loser would be the Yemeni people," the writer continued.
"Therefore, I believe that Mr Saleh's consent to forsake authority and leave in return for immunity for himself and his comrades is a winning deal.
"It is time to turn over a new leaf, one that would otherwise be turned at a bloody cost," he concluded.

Moderate Islamists are gaining ground
The West and Israel are paying the price of their longstanding animosity to Islamists, columnist Mazen Hammad opined in the Qatari newspaper Al Watan.
"Fortunately for the West and Israel, however, the Islamist parties reaping victories one after the other across the Arab world aren't based on extremist concepts," he said. "They are closer to the Turkish version of moderate Islamism that views Islam not only as a religion, but also as a cultural umbrella."
The Moroccan Justice and Development Party (PJD) is the latest member of the club of moderate Islamist winners, which compels King Mohammed VI to appoint a PJD figure as prime minister.
The predominance of moderate Islamists has become a phenomenon of the Arab Spring. In Tunisia, the Islamist Annahda triumphed in elections last month. In Egypt the Islamic Brotherhood seems to be prevailing. In Libya, the Islamist movement has a substantial part in the new government.
The new Islamist electoral map of the Middle East, reminds us of many an Israeli analyst's concern that the region might one day come under Islamist rule.
"Israeli premonitions aside, we must support and defend moderate Islamism," the writer added.
As for moderation turning into extremism, that will depend on the West's and Israel's ways of dealing with the new reality.

Palestinian division?is not fully healed yet
The Cairo meeting between the Palestinian president, Mahmoud Abbas, and the chairman of the Hamas political bureau, Khalid Meshaal, ended with both parties agreeing to a "new political partnership", columnist Hussam Kanafani noted in the Emirati dailyt Al Khaleej.
"That was the statement at the end of the second meeting since their reconciliation agreement last May. But the rhetoric doesn't apply to the facts on the ground," said the writer.
The first meeting didn't differ from previous ones, especially in that it didn't reach any definite resolution for any of the pending issues. It was merely a repetition of the first meeting in May.
While Hamas continues to veto Salam Fayyad as Prime Minister, President Abbas continues to insist on him especially in light of the financial siege imposed on the PA, which could be compounded if a new government takes over that doesn't meet the requirements of the Quartet.
The meeting could be called an organisation of the division, rather than an end to it.
But the prolongation of the state of division doesn't preclude some detente at the popular level. The political conflict is difficult to end at the moment, but some more unity can be shown at the popular level.




What is graphene?

Graphene is extracted from graphite and is made up of pure carbon.

It is 200 times more resistant than steel and five times lighter than aluminum.

It conducts electricity better than any other material at room temperature.

It is thought that graphene could boost the useful life of batteries by 10 per cent.

Graphene can also detect cancer cells in the early stages of the disease.

The material was first discovered when Andre Geim and Konstantin Novoselov were 'playing' with graphite at the University of Manchester in 2004.

Generation Start-up: Awok company profile

Started: 2013

Founder: Ulugbek Yuldashev

Sector: e-commerce

Size: 600 plus

Stage: still in talks with VCs

Principal Investors: self-financed by founder

'Champions'

Director: Manuel Calvo
Stars: Yassir Al Saggaf and Fatima Al Banawi
Rating: 2/5
 

Tour de France Stage 16:

165km run from Le Puy-en-Velay to Romans-sur-Isère

The Comeback: Elvis And The Story Of The 68 Special
Simon Goddard
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Uefa Nations League A Group 4

England 2 (Lingard 78', Kane 85')
Croatia 1 (Kramaric 57')

Man of the match: Harry Kane (England)

Race card

5pm: Handicap (PA) Dh80,000 (Turf) 1,600m; 5.30pm: Maiden (PA) Dh80,000 (T) 1,400m

6pm: Handicap (PA) Dh80,000 (T) 1,400m; 6.30pm: Handicap (PA) Dh80,000 (T) 1,200m

7pm: Wathba Stallions Cup Handicap (PA) Dh70,000 (T) 2,200m

7.30pm: Handicap (TB) Dh100,000 (PA) 1,400m

Uefa Nations League: How it works

The Uefa Nations League, introduced last year, has reached its final stage, to be played over five days in northern Portugal. The format of its closing tournament is compact, spread over two semi-finals, with the first, Portugal versus Switzerland in Porto on Wednesday evening, and the second, England against the Netherlands, in Guimaraes, on Thursday.

The winners of each semi will then meet at Porto’s Dragao stadium on Sunday, with the losing semi-finalists contesting a third-place play-off in Guimaraes earlier that day.

Qualifying for the final stage was via League A of the inaugural Nations League, in which the top 12 European countries according to Uefa's co-efficient seeding system were divided into four groups, the teams playing each other twice between September and November. Portugal, who finished above Italy and Poland, successfully bid to host the finals.

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.”

How much do leading UAE’s UK curriculum schools charge for Year 6?
  1. Nord Anglia International School (Dubai) – Dh85,032
  2. Kings School Al Barsha (Dubai) – Dh71,905
  3. Brighton College Abu Dhabi - Dh68,560
  4. Jumeirah English Speaking School (Dubai) – Dh59,728
  5. Gems Wellington International School – Dubai Branch – Dh58,488
  6. The British School Al Khubairat (Abu Dhabi) - Dh54,170
  7. Dubai English Speaking School – Dh51,269

*Annual tuition fees covering the 2024/2025 academic year

Florida: The critical Sunshine State

Though mostly conservative, Florida is usually always “close” in presidential elections. In most elections, the candidate that wins the Sunshine State almost always wins the election, as evidenced in 2016 when Trump took Florida, a state which has not had a democratic governor since 1991. 

Joe Biden’s campaign has spent $100 million there to turn things around, understandable given the state’s crucial 29 electoral votes.

In 2016, Mr Trump’s democratic rival Hillary Clinton paid frequent visits to Florida though analysts concluded that she failed to appeal towards middle-class voters, whom Barack Obama won over in the previous election.

UAE currency: the story behind the money in your pockets

Baby Driver

Director: Edgar Wright

Starring: Ansel Elgort, Kevin Spacey, Jamie Foxx, Lily James

Three and a half stars

MATCH INFO

Rugby World Cup (all times UAE)

Final: England v South Africa, Saturday, 1pm

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%3Cp%3EEncourage%20innovation%20in%20the%20metaverse%20field%20and%20boost%20economic%20contribution%3C%2Fp%3E%0A%3Cp%3EDevelop%20outstanding%20talents%20through%20education%20and%20training%3C%2Fp%3E%0A%3Cp%3EDevelop%20applications%20and%20the%20way%20they%20are%20used%20in%20Dubai's%20government%20institutions%3C%2Fp%3E%0A%3Cp%3EAdopt%2C%20expand%20and%20promote%20secure%20platforms%20globally%3C%2Fp%3E%0A%3Cp%3EDevelop%20the%20infrastructure%20and%20regulations%3C%2Fp%3E%0A
Terminal High Altitude Area Defense (THAAD)

What is THAAD?

It is considered to be the US' most superior missile defence system.

Production:

It was first created in 2008.

Speed:

THAAD missiles can travel at over Mach 8, so fast that it is hypersonic.

Abilities:

THAAD is designed to take out projectiles, namely ballistic missiles, as they are on their downward trajectory towards their target, otherwise known as the "terminal phase".

Purpose:

To protect high-value strategic sites, such as airfields or population centres.

Range:

THAAD can target projectiles both inside and outside of the Earth's atmosphere, at an altitude of 93 miles above the Earth's surface.

Creators:

Lockheed Martin was originally granted the contract to develop the system in 1992. Defence company Raytheon sub-contracts to develop other major parts of the system, such as ground-based radar.

UAE and THAAD:

In 2011, the UAE became the first country outside of the US to buy two THAAD missile defence systems. It then deployed them in 2016, becoming the first Gulf country to do so.

Tips for job-seekers
  • Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
  • Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.

David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East