In the 40 years since the Gulf Co-operation Council's inaugural meeting at Abu Dhabi's Intercontinental Hotel in 1981, the organisation has overcome challenges and differences of opinion, but it also scored successes that shaped and empowered it.
Today, the GCC leads the Arab response on regional issues and provides a unified perspective at an international level.
The GCC is critical to maintaining security and stability at a time of volatility and uncertainty.
Its Peninsula Shield Force helped liberate Kuwait during the First Gulf War 30 years ago and went to Bahrain during protests after the 2011 uprising to strengthen security at a time of terrorist violence.
Diplomacy is one of the GCC's strengths as the Gulf becomes one of the wealthiest and most successful parts of the world.
Here are key moments from four decades that tested and fortified the council:
From the 1979 Iranian Revolution to the Iran-Iraq war
"Regional states must show unity to counter Iran's regional interference," Saudi Arabia's Crown Prince Mohammed bin Salman said at the GCC summit in January.
That statement could have been made at the inception of the six-state group four decades earlier.
Gulf states have viewed Iran with caution since the Islamic Revolution that overthrew Shah Mohammed Reza Pahlavi in 1979.
What replaced the monarch was a theological government that has caused friction with neighbouring states and is fomenting instability across the Middle East.
The formation of the GCC unified the Arabian Gulf nations as a single body.
The 1980 Iraq-Iran war started when Saddam Hussein's forces invaded Iran in September. The crisis gave Gulf Arab states the opportunity to speak with a single voice.
In 1982, GCC foreign ministers met and announced that all states would take a position of strict neutrality in the Iran-Iraq war, pledging efforts to bring the conflict to an end and negotiate a peace settlement that guaranteed "the legitimate rights of both parties".
"Regional conflicts added a security dimension to the GCC's activities and encouraged its members to view each other as allies," said Samuel Ramani, a tutor of international relations at the University of Oxford.
The GCC was shaped by the Iran-Iraq war and it was a mechanism to isolate Gulf states, said Simon Henderson, a Gulf expert at the Washington Institute for Near East Policy, said.
"It succeeded," he told The National.
"It has survived because the grouping retains a utility, despite political divisions. The key to this success was the wisdom of individual Gulf leaders.
"It will continue to survive while Gulf leaders recognise its value," he said.
1991 Gulf war
Iraq's invasion of Kuwait prompted a united response from the GCC.
The Gulf War brought together the largest military alliance since the Second World War, with more than 30 countries participating including the US, the UK, Saudi Arabia, Egypt and the UAE.
The GCC played a critical role in supporting both the formation of the military coalition and the diplomatic offensive to win backing for the operation at the UN.
This demonstration of unity within the Arab world resulted in the UN Security Council passing a resolution demanding the immediate withdrawal of the Iraqi army and authorising the liberation of Kuwait by force if necessary.
The GCC joined in the condemnation of Iraq and called on Baghdad to pull its troops out of Kuwait.
2017- 2021 Rift with Qatar
The January summit at Al Ula in Saudi Arabia ended the three-and-a-half-year rift that had developed between Qatar and its Gulf neighbours Saudi Arabia, the UAE, Bahrain and Egypt.
Since then, dialogue and understanding has been steadily fostered between all parties.
The four states cut ties with Qatar in June 2017.
The Al Ula agreement increased the prospect of greater co-operation within the GCC, which Mr Ramani said was essential in the face of the coronavirus pandemic's ebbs and flows, and as the regional focus turned to economic recovery.
The summit was also marked by the presence of new leadership in the two countries that played important roles for reconciliation in the council.
Sultan Qaboos of Oman and Sheikh Sabah of Kuwait, elder statesmen and pillars of Gulf diplomacy, died last year.
2016 – Present Yemen Conflict
Last month, Saudi Arabia announced its plan to bring an end to Yemen's civil war and the Saudi-led military coalition's involvement in the conflict.
Not all GCC states are members of the Saudi-led coalition and some – like Oman and to an extent Kuwait – play a mediating role with the Iran-backed Houthi rebels.
But the declaration, signed by the Gulf countries at Al Ula, highlighted the need to maintain a united front, to ensure regional security and provide the necessary support to Yemen, Bahraini Minister of Foreign Affairs Abdullatif Al Zayani said.
"The GCC stands united with Saudi Arabia in the face of the ongoing threats it faces," he said.
The council also recently condemned the use of civilians as shields by Houthi militias fighting in Yemen's Marib province.
"Iran continues to support the Houthi militia and destabilise the region," GCC Secretary General Nayef Al Hajraf said.
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How Islam's view of posthumous transplant surgery changed
Transplants from the deceased have been carried out in hospitals across the globe for decades, but in some countries in the Middle East, including the UAE, the practise was banned until relatively recently.
Opinion has been divided as to whether organ donations from a deceased person is permissible in Islam.
The body is viewed as sacred, during and after death, thus prohibiting cremation and tattoos.
One school of thought viewed the removal of organs after death as equally impermissible.
That view has largely changed, and among scholars and indeed many in society, to be seen as permissible to save another life.
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Favourite films: Casablanca and Lawrence of Arabia
Favourite books: Start with Why by Simon Sinek and Good to be Great by Jim Collins
Favourite dish: Grilled fish
Inspiration: Sheikh Zayed's visionary leadership taught me to embrace new challenges.
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.”
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No.6 Collaborations Project
Ed Sheeran (Atlantic)
Three trading apps to try
Sharad Nair recommends three investment apps for UAE residents:
- For beginners or people who want to start investing with limited capital, Mr Nair suggests eToro. “The low fees and low minimum balance requirements make the platform more accessible,” he says. “The user interface is straightforward to understand and operate, while its social element may help ease beginners into the idea of investing money by looking to a virtual community.”
- If you’re an experienced investor, and have $10,000 or more to invest, consider Saxo Bank. “Saxo Bank offers a more comprehensive trading platform with advanced features and insight for more experienced users. It offers a more personalised approach to opening and operating an account on their platform,” he says.
- Finally, StashAway could work for those who want a hands-off approach to their investing. “It removes one of the biggest challenges for novice traders: picking the securities in their portfolio,” Mr Nair says. “A goal-based approach or view towards investing can help motivate residents who may usually shy away from investment platforms.”
Iftar programme at the Sheikh Mohammed Centre for Cultural Understanding
Established in 1998, the Sheikh Mohammed Centre for Cultural Understanding was created with a vision to teach residents about the traditions and customs of the UAE. Its motto is ‘open doors, open minds’. All year-round, visitors can sign up for a traditional Emirati breakfast, lunch or dinner meal, as well as a range of walking tours, including ones to sites such as the Jumeirah Mosque or Al Fahidi Historical Neighbourhood.
Every year during Ramadan, an iftar programme is rolled out. This allows guests to break their fast with the centre’s presenters, visit a nearby mosque and observe their guides while they pray. These events last for about two hours and are open to the public, or can be booked for a private event.
Until the end of Ramadan, the iftar events take place from 7pm until 9pm, from Saturday to Thursday. Advanced booking is required.
For more details, email openminds@cultures.ae or visit www.cultures.ae
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TEACHERS' PAY - WHAT YOU NEED TO KNOW
Pay varies significantly depending on the school, its rating and the curriculum. Here's a rough guide as of January 2021:
- top end schools tend to pay Dh16,000-17,000 a month - plus a monthly housing allowance of up to Dh6,000. These tend to be British curriculum schools rated 'outstanding' or 'very good', followed by American schools
- average salary across curriculums and skill levels is about Dh10,000, recruiters say
- it is becoming more common for schools to provide accommodation, sometimes in an apartment block with other teachers, rather than hand teachers a cash housing allowance
- some strong performing schools have cut back on salaries since the pandemic began, sometimes offering Dh16,000 including the housing allowance, which reflects the slump in rental costs, and sheer demand for jobs
- maths and science teachers are most in demand and some schools will pay up to Dh3,000 more than other teachers in recognition of their technical skills
- at the other end of the market, teachers in some Indian schools, where fees are lower and competition among applicants is intense, can be paid as low as Dh3,000 per month
- in Indian schools, it has also become common for teachers to share residential accommodation, living in a block with colleagues
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Results
2.15pm: Maiden (PA) Dh40,000 1,700m; Winner: AF Arrab, Antonio Fresu (jockey), Ernst Oertel (trainer).
2.45pm: Maiden (PA) Dh40,000 1,700m; Winner: AF Mahaleel, Antonio Fresu, Ernst Oertel.
3.15pm: Sheikh Ahmed bin Rashid Al Maktoum handicap (TB) Dh200,000 2,000m; Winner: Dolmen, Richard Mullen, Satish Seemar.
3.45pm: Handicap (PA) Dh40,000 1,200m; Winner: Amang Alawda, Sandro Paiva, Bakhit Al Ketbi.
4.15pm: The Crown Prince of Sharjah Cup Prestige (PA) Dh200,000 1,200m; Winner: AF Alwajel, Tadhg O’Shea, Ernst Oertel.
4.45pm: Handicap (PA) Dh40,000 2,000m; Winner: Al Jazi, Jesus Rosales, Eric Lemartinel.
Jigra
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
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Prop idols
Girls full-contact rugby may be in its infancy in the Middle East, but there are already a number of role models for players to look up to.
Sophie Shams (Dubai Exiles mini, England sevens international)
An Emirati student who is blazing a trail in rugby. She first learnt the game at Dubai Exiles and captained her JESS Primary school team. After going to study geophysics at university in the UK, she scored a sensational try in a cup final at Twickenham. She has played for England sevens, and is now contracted to top Premiership club Saracens.
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Seren Gough-Walters (Sharjah Wanderers mini, Wales rugby league international)
Few players anywhere will have taken a more circuitous route to playing rugby on Sky Sports. Gough-Walters was born in Al Wasl Hospital in Dubai, raised in Sharjah, did not take up rugby seriously till she was 15, has a master’s in global governance and ethics, and once worked as an immigration officer at the British Embassy in Abu Dhabi. In the summer of 2021 she played for Wales against England in rugby league, in a match that was broadcast live on TV.
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Erin King (Dubai Hurricanes mini, Ireland sevens international)
Aged five, Australia-born King went to Dubai Hurricanes training at The Sevens with her brothers. She immediately struck up a deep affection for rugby. She returned to the city at the end of last year to play at the Dubai Rugby Sevens in the colours of Ireland in the Women’s World Series tournament on Pitch 1.
Avatar: Fire and Ash
Director: James Cameron
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Rating: 4.5/5