• Ibrahim Mohammed poses next to a hoarding in Basra promoting the Gulf Cup, featuring Sinbad the Sailor, the mascot for the tournament. All photos: Sinan Mahmoud / The National
    Ibrahim Mohammed poses next to a hoarding in Basra promoting the Gulf Cup, featuring Sinbad the Sailor, the mascot for the tournament. All photos: Sinan Mahmoud / The National
  • Basra residents are in high spirits as the southern Iraqi city prepares to host the 25th Arabian Gulf Cup this week
    Basra residents are in high spirits as the southern Iraqi city prepares to host the 25th Arabian Gulf Cup this week
  • The tournament will start on Friday, January 6, 2023, and end on January 19
    The tournament will start on Friday, January 6, 2023, and end on January 19
  • Basra residents watch the arrival of the Omani national team on a screen in the city
    Basra residents watch the arrival of the Omani national team on a screen in the city
  • The tournament will feature eight teams
    The tournament will feature eight teams
  • For many Iraqis, hosting the tournament is a sign of their country's recovery after years of conflict and political and economic crises
    For many Iraqis, hosting the tournament is a sign of their country's recovery after years of conflict and political and economic crises
  • Prime Minister Mohammed Shia Al Sudani, who took office last month, has pledged his government will do everything possible to ensure the tournament in Basra is a success
    Prime Minister Mohammed Shia Al Sudani, who took office last month, has pledged his government will do everything possible to ensure the tournament in Basra is a success
  • Iraq won the tournament when it last played host in 1979, as well as in 1984 and 1988
    Iraq won the tournament when it last played host in 1979, as well as in 1984 and 1988
  • Mustafa Mohammed, 30, and his son Ibrahim roam around the Basra Corniche as they enjoy the festive mood before the start of the tournament
    Mustafa Mohammed, 30, and his son Ibrahim roam around the Basra Corniche as they enjoy the festive mood before the start of the tournament
  • A hoarding welcoming Gulf residents on the main road linking Basra International Airport to the city centre
    A hoarding welcoming Gulf residents on the main road linking Basra International Airport to the city centre
  • An electronic board features an advertisement promoting the tournament
    An electronic board features an advertisement promoting the tournament
  • Metal and wooden panels are put up around the city before the start of the tournament
    Metal and wooden panels are put up around the city before the start of the tournament
  • The tournament was initially set to take place in December but was postponed to January as it was scheduled too close to the World Cup
    The tournament was initially set to take place in December but was postponed to January as it was scheduled too close to the World Cup

Iraqis hope hosting Gulf Cup will help kick off national recovery


Sinan Mahmoud
  • English
  • Arabic

Basra Corniche is abuzz with Iraqis enjoying evenings lit up by fireworks and traditional music, just days before football's Arabian Gulf Cup comes to town.

Fans sail in wooden boats on the Shatt Al Arab waterway, the confluence of the Tigris and Euphrates rivers on which the southern port of Basra stands. Flags of the Gulf states decorate the vessels, from which songs welcoming teams blare.

The Gulf Cup is returning to Iraq on Friday, for the first time since 1979.

In the four decades or so that followed, the country has endured war and diplomatic isolation, then political and security instability after the 2003 US-led invasion that toppled Saddam Hussein.

Iraq will be joined by the UAE, Saudi Arabia, Kuwait, Bahrain, Oman, Qatar and Yemen in the 25th Gulf Cup, which will run from January 6 to 19 in Basra.

For Iraqis, hosting the biennial event — first held in Bahrain in 1970 — will turn a new page in the troubled history of their country, boost relations with Gulf neighbours and represent a crucial move towards recovery.

“It is an indescribable feeling, we are so thrilled to have the tournament here in Basra and to host our dear brothers from the Gulf states after all these years,” Mustafa Mohammed, 30, tells The National.

Mr Mohammed strolls along the Corniche with his son Ibrahim, 6, who asks his father to snap pictures of him next to the flags and signs of welcome.

Mustafa Mohammed, 30, and his son Ibrahim, 6, on Basra Corniche as they enjoy the festive mood before the start of the tournament. Sinan Mahmoud / The National
Mustafa Mohammed, 30, and his son Ibrahim, 6, on Basra Corniche as they enjoy the festive mood before the start of the tournament. Sinan Mahmoud / The National

“Football has the power to bring people together and having the tournament here means a lot, not only for Basra but for all Iraq,” Mr Mohammed says.

“It will change the picture of Iraq from an unsecure land with killing in every corner to a stable country with peaceful people”.

“The event will help opening up Iraq to tourists and investment.”

However, he admits that “it still needs a few more years for full recovery”.

Former champions

When the tournament was staged in Baghdad in 1979, the hosts were crowned champions. Iraq also won in 1984 and 1988.

Following the 1990 invasion of Kuwait that led to severing ties between Baghdad and other Gulf states, the Iraqi team was banned from taking part in the competition.

It returned in 2004, a year after Saddam Hussein was removed from power.

After 2010, Iraq pushed for hosting the event, but the fragile security situation in many parts of the country, political upheaval and a lack of sports infrastructure discouraged the Arab Gulf Cup Football Federation.

To meet requirements, Iraq over the past few years has built modern sports facilities and hotels.

It constructed the Basra International Stadium with a capacity of 65,000. It is also called the Trunk of the Palm because its design is inspired by the palm trees for which Basra is famed.

It also built Al Minaa Olympic Stadium, which can accommodate 30,000 spectators. New five-star hotels have sprung up in the city.

  • Basra's Minaa Olympic Stadium, built to accommodate 30,000 spectators. All photos by AFP
    Basra's Minaa Olympic Stadium, built to accommodate 30,000 spectators. All photos by AFP
  • Finishing touches are made to the stadium ahead of a friendly match between Iraqi's Al-Minaa and Kuwait SC.
    Finishing touches are made to the stadium ahead of a friendly match between Iraqi's Al-Minaa and Kuwait SC.
  • A worker mows the turf.
    A worker mows the turf.
  • Spectators can enjoy privileged views from the stands.
    Spectators can enjoy privileged views from the stands.
  • Al Minaa and Kuwait SC played on December 26.
    Al Minaa and Kuwait SC played on December 26.
  • Players go head to head.
    Players go head to head.
  • The Minaa Olympic Stadium at night.
    The Minaa Olympic Stadium at night.

Festive mood

A few days ahead of the competition, the city is in a festive mood with preparations in full swing.

Workers apply fresh paint to the pavements and plant flowers and trees. Bulldozers remove rubbish and debris from main streets.

The flags of the Gulf States hang from electricity poles and tall buildings. Billboards welcoming the teams and their fans dot the city, next to posters of militiamen killed in the fight against ISIS between 2014 and 2017.

“Welcome Gulf people!” reads one banner on the main road linking Basra International Airport to the city.

“Basra is your home,” says another, next to the mascot for the tournament, Sinbad the Sailor — one of the region’s legendary characters.

With hotels fully booked, tribal chieftains have offered their mudhifs — public halls where tribes mainly welcome guests and settle community affairs — to host the Gulf fans.

Volunteers have launched a website for residents who want to host visitors. Fans can also apply if they need a place to stay.

Iraq has even waived visa fees and tariffs on cars for Gulf fans.

“I’m confident the championship will be the most successful one,” Basra Governor Asaad Al Eidani told state TV on Monday.

“The post-championship Iraq will be different from the pre-championship one.

“It is a step forward to retain Iraq’s normal position in the fields of sport, culture and social. It is a message to the whole world that we are capable.”

Missed opportunities

Despite its oil wealth — about 70 per cent of Iraq’s proven reserves of 153.1 billion barrels are found in Basra province — the city is plagued by broken infrastructure, poverty and violence.

Piles of rubbish are strewn on dusty streets where donkeys, stray dogs, sheep and goats roam. Rivers running through the city are filled with sewage and rubbish.

Armed tribal disputes often break out inside Basra itself and its outskirts. In August, clashes between Shiite militias erupted, amid months-long political wrangling to form the country's government.

Informal settlements can be found near the stadiums and main streets, as well as in the city's outskirts.

Authorities are erecting metal screens and wooden panels so these are hidden from visitors.

“It's as if we are expecting guests at home, but we can’t clean it, so we put a carpet to cover the dirt,” says taxi driver Aziz Mohammed, laughing as he dodges potholes.

Like some Basrawis, Mr Mohammed says the tournament is not a priority.

“They should have spent these funds on improving public services and find solutions for those living in slums, instead,” he says.

SPECS

Nissan 370z Nismo

Engine: 3.7-litre V6

Transmission: seven-speed automatic

Power: 363hp

Torque: 560Nm

Price: Dh184,500

HIV on the rise in the region

A 2019 United Nations special analysis on Aids reveals 37 per cent of new HIV infections in the Mena region are from people injecting drugs.

New HIV infections have also risen by 29 per cent in western Europe and Asia, and by 7 per cent in Latin America, but declined elsewhere.

Egypt has shown the highest increase in recorded cases of HIV since 2010, up by 196 per cent.

Access to HIV testing, treatment and care in the region is well below the global average.  

Few statistics have been published on the number of cases in the UAE, although a UNAIDS report said 1.5 per cent of the prison population has the virus.

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.”

Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

Company%20profile
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BMW M5 specs

Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor

Power: 727hp

Torque: 1,000Nm

Transmission: 8-speed auto

Fuel consumption: 10.6L/100km

On sale: Now

Price: From Dh650,000

Company%C2%A0profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3EHayvn%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2018%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EChristopher%20Flinos%2C%20Ahmed%20Ismail%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EAbu%20Dhabi%2C%20UAE%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3Efinancial%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%20%3C%2Fstrong%3Eundisclosed%3Cbr%3E%3Cstrong%3ESize%3A%3C%2Fstrong%3E%2044%20employees%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3Eseries%20B%20in%20the%20second%20half%20of%202023%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EHilbert%20Capital%2C%20Red%20Acre%20Ventures%3C%2Fp%3E%0A
Skoda Superb Specs

Engine: 2-litre TSI petrol

Power: 190hp

Torque: 320Nm

Price: From Dh147,000

Available: Now

UAE currency: the story behind the money in your pockets

Chelsea 2 Burnley 3
Chelsea
 Morata (69'), Luiz (88')
Burnley Vokes (24', 43'), Ward (39')
Red cards Cahill, Fabregas (Chelsea)

Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

COMPANY%20PROFILE%20
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ENomad%20Homes%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2020%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EHelen%20Chen%2C%20Damien%20Drap%2C%20and%20Dan%20Piehler%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%20and%20Europe%3Cbr%3E%3Cstrong%3EIndustry%3C%2Fstrong%3E%3A%20PropTech%3Cbr%3E%3Cstrong%3EFunds%20raised%20so%20far%3A%3C%2Fstrong%3E%20%2444m%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Acrew%20Capital%2C%2001%20Advisors%2C%20HighSage%20Ventures%2C%20Abstract%20Ventures%2C%20Partech%2C%20Precursor%20Ventures%2C%20Potluck%20Ventures%2C%20Knollwood%20and%20several%20undisclosed%20hedge%20funds%3C%2Fp%3E%0A
UAE currency: the story behind the money in your pockets
What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

Top%2010%20most%20competitive%20economies
%3Cp%3E1.%20Singapore%0D%3Cbr%3E2.%20Switzerland%0D%3Cbr%3E3.%20Denmark%0D%3Cbr%3E4.%20Ireland%0D%3Cbr%3E5.%20Hong%20Kong%0D%3Cbr%3E6.%20Sweden%0D%3Cbr%3E7.%20UAE%0D%3Cbr%3E8.%20Taiwan%0D%3Cbr%3E9.%20Netherlands%0D%3Cbr%3E10.%20Norway%0D%3Cbr%3E%3C%2Fp%3E%0A
Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

Tesalam Aleik

Abdullah Al Ruwaished

(Rotana)

The biog

Name: Abeer Al Shahi

Emirate: Sharjah – Khor Fakkan

Education: Master’s degree in special education, preparing for a PhD in philosophy.

Favourite activities: Bungee jumping

Favourite quote: “My people and I will not settle for anything less than first place” – Sheikh Mohammed bin Rashid.

%20Ramez%20Gab%20Min%20El%20Akher
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Despacito's dominance in numbers

Released: 2017

Peak chart position: No.1 in more than 47 countries, including the United States, the United Kingdom, Australia and Lebanon

Views: 5.3 billion on YouTube

Sales: With 10 million downloads in the US, Despacito became the first Latin single to receive Diamond sales certification

Streams: 1.3 billion combined audio and video by the end of 2017, making it the biggest digital hit of the year.

Awards: 17, including Record of the Year at last year’s prestigious Latin Grammy Awards, as well as five Billboard Music Awards

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

The specs

Engine: 2x201bhp AC Permanent-magnetic electric

Transmission: n/a

Power: 402bhp

Torque: 659Nm

Price estimate: Dh200,000

On sale: Q3 2022 

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The%20specs
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Updated: January 04, 2023, 9:09 AM