Three decades after their historic treaty, Jordan and Israel are not at war – but nor are they at peace


Khaled Yacoub Oweis
  • English
  • Arabic

Thirty years ago, Jordan’s King Hussein and Israeli prime minister Yitzhak Rabin leaned for hours over a map and delineated the border between the two countries, clearing the final obstacle in months of talks over a peace deal mediated by the US, their common ally.

The agreement was signed on October 26, 1994 in the border area of Wadi Araba. It was only the second – and to date, last – formal peace accord between an Arab state and Israel, made possible in large part because of the friendship that developed between the two men over the course of the talks.

Not since has there been such a bond between an Israeli and an Arab leader. With the current war in Gaza straining Jordan’s and other Arab states' ties with Israel, it is unlikely to be replicated anytime soon.

But the “warm peace” envisaged by Mr Rabin and King Hussein faltered early on. It received a blow when Mr Rabin was assassinated in 1995 by an opponent of peace with the Palestinians, and another a year later when hardline Prime Minister Benjamin Netanyahu came to power, expanding Israeli settlements and supporting movement and other restrictions against the Palestinians.

Mustafa Hamarneh, a confidant of the late king and now a member of Jordan’s Senate, said “the regression in the peace process” started with the ascendancy of Mr Netanyahu in 1996.

“You can never isolate the Jordanian track from the Palestinian track,” Mr Hamarneh said.

Ties between Jordan and Israel will remain government-to-government but “never people-to-people, and that's precisely because of Israeli politics”, he said.

Jordan has fiercely criticised Israel's conduct in the Gaza war, and there has been no public contact between the two sides since it began. But bilateral security channels remain open. Industrial zones on the border with Israel, which receive US tariff exemptions and account for a significant proportion of Jordanian exports, operate normally.

In the past few months, the authorities have clamped down on anti-Israel demonstrations as protesters began voicing support for Hamas in the Israel-Gaza war.

Custodianship

The 1994 treaty ended the state of war between the two countries and obliged them to prevent threats to each other’s security. It provides for Israel to supply water to Jordan to compensate for shortages in the kingdom. It also resulted in debt forgivingness and financial aid to Jordan, which are crucial for its economic survival.

Israel returned 380 square kilometres of occupied Jordanian land. It also recognised a “special” and “historic” Jordanian role in the Muslim shrines of Jerusalem, a nod to the Hashemite’s monarchy’s claim to custodianship of Al Aqsa Mosque.

The recognition is politically important because Palestinian factions and socialist Arab regimes, particularly Syria, long accused the monarchy of undermining the struggle for Palestine, through its alliance with the US and traditionally open channels with Israel.

However, since Mr Netanyahu returned to power for a third time in late 2022, members of his right-wing government have been encouraging more religious ultra-nationalists to enter the Al Aqsa Mosque compound and pray there, while restricting the entry of Muslims.

  • US president Bill Clinton applauds Jordan's King Hussein and Israeli prime minister Yitzhak Rabin after the peace treaty signing at Wadi Araba border area, on October 26, 1994. All photos: Reuters
    US president Bill Clinton applauds Jordan's King Hussein and Israeli prime minister Yitzhak Rabin after the peace treaty signing at Wadi Araba border area, on October 26, 1994. All photos: Reuters
  • Israeli workers unload a road sign directing traffic to the new border crossing between Jordan and Israel in 1994. The deal provided water and an economic boost to Jordan
    Israeli workers unload a road sign directing traffic to the new border crossing between Jordan and Israel in 1994. The deal provided water and an economic boost to Jordan
  • King Hussein and Mr Rabin share a joke. The personal connection between the men made the deal possible
    King Hussein and Mr Rabin share a joke. The personal connection between the men made the deal possible
  • Marwan Muasher, Jordan's first ambassador to Israel, is welcomed by Israeli foreign minister Shimon Peres in April 1995, after walking across the Jordan River bridge into Israel
    Marwan Muasher, Jordan's first ambassador to Israel, is welcomed by Israeli foreign minister Shimon Peres in April 1995, after walking across the Jordan River bridge into Israel
  • Mr Rabin, King Hussein, Egyptian president Hosni Mubarak and Palestine Liberation Organisation chairman Yasser Arafat pose for a picture, a scene that appeared unthinkable before the 1994 treaty
    Mr Rabin, King Hussein, Egyptian president Hosni Mubarak and Palestine Liberation Organisation chairman Yasser Arafat pose for a picture, a scene that appeared unthinkable before the 1994 treaty
  • King Hussein and Mr Rabin in conversation on the shore of the Sea of Galilee in November 1994, a few weeks after the treaty was signed
    King Hussein and Mr Rabin in conversation on the shore of the Sea of Galilee in November 1994, a few weeks after the treaty was signed

King Hussein described the peace treaty as a “balanced” and “honourable”, but both he and Mr Rabin took risks to reach it. Mr Rabin had to convince his compatriots that Israel would not be weakened by openness to a country where a large proportion of the population is of Palestinian origin, while King Hussein did not want to appear as selling out the Palestinian cause.

The king, who died in 1999, mastered the media, and was “consistent in word and deed” as he addressed “Israeli public opinion, and especially American Jewry and American public opinion in general”, Mr Hamarneh said.

“He really built tremendous goodwill to secure the Israelis, and to [convince them to] make concessions. It went OK with Rabin. And they formed a good friendship.”

Mr Rabin also realised that the king had his own constituency to assuage and that “he can't simply move the way the Israelis want him to move”, he said.

The Oslo effect

The king received a tactical boost when it became known in 1993 that Palestinian leader Yasser Arafat was engaged in secret negotiations that led to the Oslo Accords in the same year. The accords mainly produced limited self-rule for the Palestinians, and the start of final status negotiations without defining what the outcome should be.

Although the accords helped Jordan proceed with its own talks with Israel, the king was “furious” that Mr Arafat had not informed him about the negotiations, and that he had settled for so little, Mr Hamarneh said.

“Hussein was an Arab, completely. The Palestinian cause was his. I think that's his legacy. Whether you see him that way or not, that's the way he saw himself – a powerful Arab.”

The Oslo Accords pushed the king to speed up the process of negotiating a formal peace with Israel. But he felt that a co-ordinated move with the Palestinians “could have probably yielded much better results”, Mr Hamarneh said.

“In retrospect, it definitely would have,” Mr Hamarneh said.

The war in Gaza, however, has brought Jordan perceived security and demographic threats not seen in decades. The kingdom has fiercely criticised Israel’s conduct in the war and its incursions into the West Bank, saying they could prompt another mass influx of Palestinian refugees into the kingdom.

The last two major waves occurred when Israel was created in 1948, and when it seized the West Bank, Gaza and East Jerusalem in the 1967 Arab-Israeli War.

Robert Satloff, a senior member of the Washington Institute for Near East Policy think tank, said that despite the heightened volatility in the region, the mutual interests underpinning the peace between Jordan and Israel have remained constant.

Jordan, which has mismanaged its water resources, “would go dry” without the Israeli supply, while Jordan is indispensable for Israel “as a security partner” and “its first line of defence to the east”, he said.

“The Jordanians don't provide this contribution to Israel's security out of the kindness of their heart. It's because they share common adversaries,” said Mr Satloff, referring to the extremist groups that have proliferated near their borders over the past 30 years.

Infiltration

In recent months, infiltration attempts into Israel from Jordan have increased. Although most have failed, they have been raising concern that Jordan, despite adhering to security requirements in the peace treaty, could turn into a launch pad for attacks by non-state groups.

Israeli forces last week shot dead two members of the Jordanian Muslim Brotherhood who tried to mount a cross-border raid near the Dead Sea.

Reacting to a brief march in Amman last week to commemorate one of the two dead men, Prime Minister Jafar Hassan said that Jordan “will not be a place for sedition and gambling and we will not accept risking the future of this country”.

“We will not allow any party to bring the instability and destruction seen elsewhere into Jordan,” Mr Hassan said, without mentioning Israel.

A poster of Israeli Prime Minister Benjamin Netanyahu in Tel Aviv. Critics believe Israel cannot return to anything resembling the status quo, with Jordan or Palestine or the rest of the region, under his leadership. Reuters
A poster of Israeli Prime Minister Benjamin Netanyahu in Tel Aviv. Critics believe Israel cannot return to anything resembling the status quo, with Jordan or Palestine or the rest of the region, under his leadership. Reuters

The anniversary of the peace treaty is about to pass without any official mention. The last time the agreement came up in the state-dominated media was in November last year, when the loyalist parliament hinted that it could review the treaty, but no action was taken.

“Abrogation or abandoning the peace treaty is not on the table,” said Marwan Muasher, Jordan's first ambassador to Israel.

“I think the dilemma today is, can Jordan continue with its economic and security co-operation with Israel in the same way that it did before October 7? I don't think that is possible,” said Mr Muasher, who oversees Middle East research at the Carnegie Endowment for International Peace think tank.

He expected continuation of a cold peace, “without much co-operation” until the “core issue” of Israeli occupation of Palestinian land is addressed.

“If the occupation does not end, then Jordanian fears that Israel might try to solve the problem at its expense are going to stay there.”

Among many in Israel, there is a growing sense that the country cannot return to anything resembling the status quo under Netanyahu.

“We have a prime minister who has damaged the relationship repeatedly in each one of his terms in office,” Nimrod Novik, who was foreign policy adviser to Shimon Peres, Israeli prime minister from 1984 to 1986 and 1995 to 1996, told The National.

“Until there is a change [of leadership] in Jerusalem, nothing good is going to happen. Not in Gaza, not in south Lebanon, not in the West Bank, and not in Israel's standing worldwide. We are sliding in a very dangerous trajectory.”

Willy Lowry contributed to this report from Washington DC

RESULTS

5pm: Maiden (PA) Dh80,000 1,600m
Winner: Omania, Saif Al Balushi (jockey), Ibrahim Al Hadhrami (trainer)
5.30pm: Conditions (PA) Dh85,000 1,600m
Winner: Brehaan, Richard Mullen, Ana Mendez
6pm: Handicap (TB) Dh100,000 1,600m
Winner: Craving, Connor Beasley, Simon Crisford
6.30pm: The President’s Cup Prep (PA) Dh100,000 2,200m
Winner: Rmmas, Tadhg O’Shea, Jean de Roualle
7pm: Wathba Stallions Cup (PA) Dh70,000 1,200m
Winner: Dahess D’Arabie, Connor Beasley, Helal Al Alawi
7.30pm: Handicap (PA) Dh80,000 1,400m
Winner: Fertile De Croate, Sam Hitchcott, Ibrahim Aseel

Race card

4pm Al Bastakiya Listed US$300,000 (Dirt) 1,900m

4.35pm Mahab Al Shimaal Group 3 $350,000 (D) 1,200m

5.10pm Nad Al Sheba Turf Group 3 $350,000 (Turf) 1,200m

5.45pm Burj Nahaar Group 3 $350,000 (D) 1,600m

6.20pm Jebel Hatta Group 1 $400,000 (T) 1,800m

6.55pm Al Maktoum Challenge Round-3 Group 1 $600,000 (D) 2,000m

7.30pm Dubai City Of Gold Group 2 $350,000 (T) 2,410m

The National selections:

4pm Zabardast

4.35pm Ibn Malik

5.10pm Space Blues

5.45pm Kimbear

6.20pm Barney Roy

6.55pm Matterhorn

7.30pm Defoe

Results

5.30pm: Maiden (TB) Dh82,500 (Turf) 1,400m; Winner: Mcmanaman, Sam Hitchcock (jockey), Doug Watson (trainer)

6.05pm: Handicap (TB) Dh87,500 (T) 1,400m; Winner: Bawaasil, Sam Hitchcott, Doug Watson

6.40pm: Handicap (TB) Dh105,000 (Dirt) 1,400m; Winner: Bochart, Fabrice Veron, Satish Seemar

7.15pm: Handicap (TB) Dh105,000 (T) 1,200m; Winner: Mutaraffa, Antonio Fresu, Musabah Al Muhairi

7.50pm: Longines Stakes – Conditions (TB) Dh120,00 (D) 1,900m; Winner: Rare Ninja, Royston Ffrench, Salem bin Ghadayer

8.25pm: Zabeel Trophy – Rated Conditions (TB) Dh120,000 (T) 1,600m; Winner: Alfareeq, Antonio Fresu, Musabah Al Muhairi

9pm: Handicap (TB) Dh105,000 (T) 2,410m; Winner: Good Tidings, Antonio Fresu, Musabah Al Muhairi

9.35pm: Handicap (TB) Dh92,500 (T) 2,000m; Winner: Zorion, Abdul Aziz Al Balushi, Helal Al Alawi

 

UAE players with central contracts

Rohan Mustafa, Ashfaq Ahmed, Chirag Suri, Rameez Shahzad, Shaiman Anwar, Adnan Mufti, Mohammed Usman, Ghulam Shabbir, Ahmed Raza, Qadeer Ahmed, Amir Hayat, Mohammed Naveed and Imran Haider.

Barbie
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Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

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.”

Match info

Champions League quarter-final, first leg

Liverpool v Porto, Tuesday, 11pm (UAE)

Matches can be watched on BeIN Sports

Getting%20there%20
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COMPANY%20PROFILE
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How Apple's credit card works

The Apple Card looks different from a traditional credit card — there's no number on the front and the users' name is etched in metal. The card expands the company's digital Apple Pay services, marrying the physical card to a virtual one and integrating both with the iPhone. Its attributes include quick sign-up, elimination of most fees, strong security protections and cash back.

What does it cost?

Apple says there are no fees associated with the card. That means no late fee, no annual fee, no international fee and no over-the-limit fees. It also said it aims to have among the lowest interest rates in the industry. Users must have an iPhone to use the card, which comes at a cost. But they will earn cash back on their purchases — 3 per cent on Apple purchases, 2 per cent on those with the virtual card and 1 per cent with the physical card. Apple says it is the only card to provide those rewards in real time, so that cash earned can be used immediately.

What will the interest rate be?

The card doesn't come out until summer but Apple has said that as of March, the variable annual percentage rate on the card could be anywhere from 13.24 per cent to 24.24 per cent based on creditworthiness. That's in line with the rest of the market, according to analysts

What about security? 

The physical card has no numbers so purchases are made with the embedded chip and the digital version lives in your Apple Wallet on your phone, where it's protected by fingerprints or facial recognition. That means that even if someone steals your phone, they won't be able to use the card to buy things.

Is it easy to use?

Apple says users will be able to sign up for the card in the Wallet app on their iPhone and begin using it almost immediately. It also tracks spending on the phone in a more user-friendly format, eliminating some of the gibberish that fills a traditional credit card statement. Plus it includes some budgeting tools, such as tracking spending and providing estimates of how much interest could be charged on a purchase to help people make an informed decision. 

* Associated Press 

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
The National in Davos

We are bringing you the inside story from the World Economic Forum's Annual Meeting in Davos, a gathering of hundreds of world leaders, top executives and billionaires.

Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

Available: Now

Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

Evacuations to France hit by controversy
  • Over 500 Gazans have been evacuated to France since November 2023
  • Evacuations were paused after a student already in France posted anti-Semitic content and was subsequently expelled to Qatar
  • The Foreign Ministry launched a review to determine how authorities failed to detect the posts before her entry
  • Artists and researchers fall under a programme called Pause that began in 2017
  • It has benefited more than 700 people from 44 countries, including Syria, Turkey, Iran, and Sudan
  • Since the start of the Gaza war, it has also included 45 Gazan beneficiaries
  • Unlike students, they are allowed to bring their families to France
Specs

Engine: Dual-motor all-wheel-drive electric

Range: Up to 610km

Power: 905hp

Torque: 985Nm

Price: From Dh439,000

Available: Now

THE BIO

Bio Box

Role Model: Sheikh Zayed, God bless his soul

Favorite book: Zayed Biography of the leader

Favorite quote: To be or not to be, that is the question, from William Shakespeare's Hamlet

Favorite food: seafood

Favorite place to travel: Lebanon

Favorite movie: Braveheart

Sheer grandeur

The Owo building is 14 storeys high, seven of which are below ground, with the 30,000 square feet of amenities located subterranean, including a 16-seat private cinema, seven lounges, a gym, games room, treatment suites and bicycle storage.

A clear distinction between the residences and the Raffles hotel with the amenities operated separately.

Winners

Ballon d’Or (Men’s)
Ousmane Dembélé (Paris Saint-Germain / France)

Ballon d’Or Féminin (Women’s)
Aitana Bonmatí (Barcelona / Spain)

Kopa Trophy (Best player under 21 – Men’s)
Lamine Yamal (Barcelona / Spain)

Best Young Women’s Player
Vicky López (Barcelona / Spain)

Yashin Trophy (Best Goalkeeper – Men’s)
Gianluigi Donnarumma (Paris Saint-Germain and Manchester City / Italy)

Best Women’s Goalkeeper
Hannah Hampton (England / Aston Villa and Chelsea)

Men’s Coach of the Year
Luis Enrique (Paris Saint-Germain)

Women’s Coach of the Year
Sarina Wiegman (England)

David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less
BELGIUM%20SQUAD
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Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

THE BIO

Born: Mukalla, Yemen, 1979

Education: UAE University, Al Ain

Family: Married with two daughters: Asayel, 7, and Sara, 6

Favourite piece of music: Horse Dance by Naseer Shamma

Favourite book: Science and geology

Favourite place to travel to: Washington DC

Best advice you’ve ever been given: If you have a dream, you have to believe it, then you will see it.

Tributes from the UAE's personal finance community

• Sebastien Aguilar, who heads SimplyFI.org, a non-profit community where people learn to invest Bogleheads’ style

“It is thanks to Jack Bogle’s work that this community exists and thanks to his work that many investors now get the full benefits of long term, buy and hold stock market investing.

Compared to the industry, investing using the common sense approach of a Boglehead saves a lot in costs and guarantees higher returns than the average actively managed fund over the long term. 

From a personal perspective, learning how to invest using Bogle’s approach was a turning point in my life. I quickly realised there was no point chasing returns and paying expensive advisers or platforms. Once money is taken care off, you can work on what truly matters, such as family, relationships or other projects. I owe Jack Bogle for that.”

• Sam Instone, director of financial advisory firm AES International

"Thought to have saved investors over a trillion dollars, Jack Bogle’s ideas truly changed the way the world invests. Shaped by his own personal experiences, his philosophy and basic rules for investors challenged the status quo of a self-interested global industry and eventually prevailed.  Loathed by many big companies and commission-driven salespeople, he has transformed the way well-informed investors and professional advisers make decisions."

• Demos Kyprianou, a board member of SimplyFI.org

"Jack Bogle for me was a rebel, a revolutionary who changed the industry and gave the little guy like me, a chance. He was also a mentor who inspired me to take the leap and take control of my own finances."

• Steve Cronin, founder of DeadSimpleSaving.com

"Obsessed with reducing fees, Jack Bogle structured Vanguard to be owned by its clients – that way the priority would be fee minimisation for clients rather than profit maximisation for the company.

His real gift to us has been the ability to invest in the stock market (buy and hold for the long term) rather than be forced to speculate (try to make profits in the shorter term) or even worse have others speculate on our behalf.

Bogle has given countless investors the ability to get on with their life while growing their wealth in the background as fast as possible. The Financial Independence movement would barely exist without this."

• Zach Holz, who blogs about financial independence at The Happiest Teacher

"Jack Bogle was one of the greatest forces for wealth democratisation the world has ever seen.  He allowed people a way to be free from the parasitical "financial advisers" whose only real concern are the fat fees they get from selling you over-complicated "products" that have caused millions of people all around the world real harm.”

• Tuan Phan, a board member of SimplyFI.org

"In an industry that’s synonymous with greed, Jack Bogle was a lone wolf, swimming against the tide. When others were incentivised to enrich themselves, he stood by the ‘fiduciary’ standard – something that is badly needed in the financial industry of the UAE."

Essentials

The flights
Etihad and Emirates fly direct from the UAE to Delhi from about Dh950 return including taxes.
The hotels
Double rooms at Tijara Fort-Palace cost from 6,670 rupees (Dh377), including breakfast.
Doubles at Fort Bishangarh cost from 29,030 rupees (Dh1,641), including breakfast. Doubles at Narendra Bhawan cost from 15,360 rupees (Dh869). Doubles at Chanoud Garh cost from 19,840 rupees (Dh1,122), full board. Doubles at Fort Begu cost from 10,000 rupees (Dh565), including breakfast.
The tours 
Amar Grover travelled with Wild Frontiers. A tailor-made, nine-day itinerary via New Delhi, with one night in Tijara and two nights in each of the remaining properties, including car/driver, costs from £1,445 (Dh6,968) per person.

The specs: 2019 GMC Yukon Denali

Price, base: Dh306,500
Engine: 6.2-litre V8
Transmission: 10-speed automatic
Power: 420hp @ 5,600rpm
Torque: 621Nm @ 4,100rpm​​​​​​​
​​​​​​​Fuel economy, combined: 12.9L / 100km

Kat Wightman's tips on how to create zones in large spaces

 

  • Area carpets or rugs are the easiest way to segregate spaces while also unifying them.
  • Lighting can help define areas. Try pendant lighting over dining tables, and side and floor lamps in living areas.
  • Keep the colour palette the same in a room, but combine different tones and textures in different zone. A common accent colour dotted throughout the space brings it together.
  • Don’t be afraid to use furniture to break up the space. For example, if you have a sofa placed in the middle of the room, a console unit behind it will give good punctuation.
  • Use a considered collection of prints and artworks that work together to form a cohesive journey.
$1,000 award for 1,000 days on madrasa portal

Daily cash awards of $1,000 dollars will sweeten the Madrasa e-learning project by tempting more pupils to an education portal to deepen their understanding of math and sciences.

School children are required to watch an educational video each day and answer a question related to it. They then enter into a raffle draw for the $1,000 prize.

“We are targeting everyone who wants to learn. This will be $1,000 for 1,000 days so there will be a winner every day for 1,000 days,” said Sara Al Nuaimi, project manager of the Madrasa e-learning platform that was launched on Tuesday by the Vice President and Ruler of Dubai, to reach Arab pupils from kindergarten to grade 12 with educational videos.  

“The objective of the Madrasa is to become the number one reference for all Arab students in the world. The 5,000 videos we have online is just the beginning, we have big ambitions. Today in the Arab world there are 50 million students. We want to reach everyone who is willing to learn.”

Volvo ES90 Specs

Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)

Power: 333hp, 449hp, 680hp

Torque: 480Nm, 670Nm, 870Nm

On sale: Later in 2025 or early 2026, depending on region

Price: Exact regional pricing TBA

Updated: October 29, 2024, 12:31 PM