The relationship between the EU and the UAE holds vast untapped potential, the bloc's ambassador to the Emirates has said.
Lucie Berger said the possibilities for co-operation were “so big" and she wants to achieve “tangible results” during her tenure.
In a wide-ranging interview with The National to commemorate Europe Day on Thursday, Ms Berger reflected on issues from Gaza to climate change and outlined her priorities for her time here as envoy.
"It is a privilege to be here," said Ms Berger. "The potential for collaboration is so big and I'm really excited to spend hopefully four years and ... leave some tangible results behind."
If we are to build a stable and sustainable relationship with Iran, we have to rely on the knowledge and experience of the Gulf countries
Lucie Berger
The UAE is the EU's largest export destination and investment partner in the Middle East and North Africa region. The volume of bilateral trade in goods last year reached €55 billion ($59.2 billion), while trade in services accounted for €20 billion.
She said she was committed to bolstering this strong relationship but also wanted to promote the image of the EU beyond it.
“The EU has so much more to offer,” she said. “I would like to build the image of the EU as an important and reliable partner in areas such as climate, sustainable energy, digitalisation, humanitarian aid and development, but also security and regional stability.”
The EU-GCC free trade deal is still on the table and Ms Berger said there was still a “lot of willingness” to explore unblocking the deal at a regional level and "shifts in the region" had been noted.
Exploratory talks could take place by the summer but the framework would have to be modernised to consider the “completely different” economy of 2024.
“We also want to explore the bilateral relationship with the UAE,” said Ms Berger. “The bilateral relationship can be complementary to a regional agreement.”
She highlighted the EU’s strategic partnership with the Gulf that was launched in 2022 and said the EU would be keen on “something really comprehensive” that includes trade but also climate, sustainable energy, AI, security and political dialogue.
Could the EU in theory sign a deal with the UAE outside of any wider GCC agreement?
“I personally think that we could explore it even if there is a negotiation of a GCC free trade agreement,” she said, stating these decisions are ultimately in the hands of the member states.
Gaza aid
Turning to Gaza, Ms Berger praised the UAE's “impressive” role in delivering humanitarian aid.
“It is an example for many to follow,” she said. “What I see is that we [EU and UAE] have become natural partners in delivering humanitarian aid to Gaza." She said she wants to see this grow and perhaps extend to other regions.
The UN and other aid organisations say the situation in Gaza is dire amid Israeli restrictions and a possible offensive on Rafah.
Ms Berger said it was her understanding there was an agreement to resume the delivery of vital aid through the maritime corridor and the World Central Kitchen – one of the main suppliers that only resumed work in Gaza last week less than a month after seven aid workers were killed – intends to be part of it.
“I think we could see some deliveries in the near future. This is really great news but it is in no way to replace land crossings.”
Ms Berger said she was keen for the EU and the UAE to collaborate more broadly to bring “peace and stability” not only to Gaza but to other conflict zones.
The EU has newly announced $1 billion in aid to Lebanon and Ms Berger said the dramatic situation in the Middle East is a stark reminder that so-called frozen or low intensity conflicts “risk exploding sooner or later in intense violence if not meaningfully settled”.
Climate change has been a major part of Ms Berger's career, with her most recent role overseeing all trade negotiations related to climate action and implementation of climate measures in trade policy at the European Commission. Can the energy from Cop28 continue?
“Definitely,” she said. "The momentum is there to stay."
The EU and the UAE, she said, could work together to deliver finance outcomes at Cop29 in Azerbaijan that really deliver.
Regarding perceptions of the EU abroad, Ms Berger said the “EU has changed my life completely.” From the Czech Republic, she said was able to study abroad and pursue a career as a diplomat because of the opportunities from the EU membership process that were not available to those older than her.
She said Europeans “like to criticise things, which is part of our process of improving things” but there is so much that is taken for granted.
Far-right challenges
Some have speculated there could be a surge in support for far-right groups in the June elections for the EU Parliament on the back of protests against immigration.
In April European politicians approved a revamped migration system that aims to tackle this. But she said she is not too concerned about the bloc’s future.
“The politicians change. Sometimes there are some narratives that appear and disappear," she said.
"But at the end of the day, we continue going on this more or less same trajectory.”
This year also marks a decade since the EU’s diplomatic presence in the UAE started as the EU continues to boost its ties in the country.
When asked if the EU and UAE understand each other, she said "yes" but added there is always scope to communicate better particularly in getting the message across that the 27-member bloc is not only about trade.
“We're seen as complicated and difficult to navigate and to be fair, we could do much better in communicating about our added value," she said.
Ms Berger arrived in the UAE in September and, while she expected it to be busy, she has found the intensity of the job is on “another level". Is there one area in which she would really like to make a difference?
“Peace and regional stability are … so needed.
“We're a peace project, a very successful peace project,” she said, regarding the EU and how it managed to rebuild in the wake of the Second World War.
“We don't talk about it enough [but] that's a huge success story.”
She highlighted the EU’s maritime mission organised to address growing instability in the Red Sea as an example of the bloc’s commitment to regional peace and security.
“There is still a lot of ‘let's wait and see' kind of approach because it's an EU operation,” she said. “I think a lot comes down to communicating and being very clear where the added value is.”
Turning to Iran, Ms Berger said there was a growing concern regionally and globally about Iran’s role despite the EU’s support of the Joint Comprehensive Plan of Action, commonly known as the 2015 nuclear deal, between Iran and world powers that the US pulled out of three years later. But the EU would play its part to try to bring about regional stability.
“If we are to build a stable and sustainable relationship with Iran, we have to rely on the knowledge and experience of the Gulf countries.”
The path ahead, then, is filled with potential despite the all-consuming nature of the job that frequently sees her in the office all day, constantly at airports, along with the small matter of caring for her young daughter.
“I choose jobs that I'm very passionate about.”
But she said she must try to switch off for her daughter at times.
“I bring my daughter sometimes to the receptions,” she said, with a chuckle.
“She is very popular. So, I find these small tricks, every now and then, that make it workable [to bring my daughter to official events].”
500 People from Gaza enter France
115 Special programme for artists
25 Evacuation of injured and sick
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Drivers’ championship standings after Singapore:
1. Lewis Hamilton, Mercedes - 263
2. Sebastian Vettel, Ferrari - 235
3. Valtteri Bottas, Mercedes - 212
4. Daniel Ricciardo, Red Bull - 162
5. Kimi Raikkonen, Ferrari - 138
6. Sergio Perez, Force India - 68
Benefits of first-time home buyers' scheme
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Leaderboard
15 under: Paul Casey (ENG)
-14: Robert MacIntyre (SCO)
-13 Brandon Stone (SA)
-10 Laurie Canter (ENG) , Sergio Garcia (ESP)
-9 Kalle Samooja (FIN)
-8 Thomas Detry (BEL), Justin Harding (SA), Justin Rose (ENG)
'The worst thing you can eat'
Trans fat is typically found in fried and baked goods, but you may be consuming more than you think.
Powdered coffee creamer, microwave popcorn and virtually anything processed with a crust is likely to contain it, as this guide from Mayo Clinic outlines:
Baked goods - Most cakes, cookies, pie crusts and crackers contain shortening, which is usually made from partially hydrogenated vegetable oil. Ready-made frosting is another source of trans fat.
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Creamer and margarine - Nondairy coffee creamer and stick margarines also may contain partially hydrogenated vegetable oils.
Suggested picnic spots
Abu Dhabi
Umm Al Emarat Park
Yas Gateway Park
Delma Park
Al Bateen beach
Saadiyaat beach
The Corniche
Zayed Sports City
Dubai
Kite Beach
Zabeel Park
Al Nahda Pond Park
Mushrif Park
Safa Park
Al Mamzar Beach Park
Al Qudrah Lakes
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Dust and sand storms compared
Sand storm
- Particle size: Larger, heavier sand grains
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Dust storm
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- Source: Can be carried from distant regions
Tips for used car buyers
- Choose cars with GCC specifications
- Get a service history for cars less than five years old
- Don’t go cheap on the inspection
- Check for oil leaks
- Do a Google search on the standard problems for your car model
- Do your due diligence. Get a transfer of ownership done at an official RTA centre
- Check the vehicle’s condition. You don’t want to buy a car that’s a good deal but ends up costing you Dh10,000 in repairs every month
- Validate warranty and service contracts with the relevant agency and and make sure they are valid when ownership is transferred
- If you are planning to sell the car soon, buy one with a good resale value. The two most popular cars in the UAE are black or white in colour and other colours are harder to sell
Tarek Kabrit, chief executive of Seez, and Imad Hammad, chief executive and co-founder of CarSwitch.com
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England XI for second Test
Rory Burns, Keaton Jennings, Ben Stokes, Joe Root (c), Jos Buttler, Moeen Ali, Ben Foakes (wk), Sam Curran, Adil Rashid, Jack Leach, James Anderson
MATCH INFO
Everton 0
Manchester City 2 (Laporte 45 2', Jesus 90 7')
Liz%20Truss
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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.”
Company%20profile
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The National Archives, Abu Dhabi
Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.
Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en
Result:
1. Cecilie Hatteland (NOR) atop Alex - 31.46 seconds
2. Anna Gorbacheva (RUS) atop Curt 13 - 31.82 seconds
3. Georgia Tame (GBR) atop Cash Up - 32.81 seconds
4. Sheikha Latifa bint Ahmed Al Maktoum (UAE) atop Peanuts de Beaufour - 35.85 seconds
5. Miriam Schneider (GER) atop Benur du Romet - 37.53 seconds
6. Annika Sande (NOR) atop For Cash 2 - 31.42 seconds (4 penalties)