Nuclear shield is more of a smokescreen



Nato's struggle for relevance in a post-Cold War world may not have been an item on the agenda at its conference in Lisbon at the weekend. Given the decisions that emerged from the summit, however, it appeared to be the meeting's unspoken priority.

The leaders who gathered in Portugal drafted a new mandate, described as "Active Engagement, Modern Defence", which refocuses Nato's priorities. But the decision that grabbed most of the headlines was how Nato officials gave a green light to an unproven and outdated concept of missile defence.

The move, while in line with Nato's goal of deterring military and security threats to member-states, nevertheless seems an anachronism. In this era, security is no longer defined by a zero-sum struggle between superpowers. Russia is of course a partner of the alliance. In a multipolar environment where threats are more likely to emerge from extremists that do not answer to any country, the defence shield appears more of a last-ditch effort to, as the secretary general of Nato Anders Fogh Rasmussen said, "bind the Nato allies closer together".

This is not to say that Nato's attempts to deter nuclear proliferation are not needed. Indeed, as Iran continues its opaque nuclear pursuit, deterrence and defence remain a pressing concern for Nato members and partners such as the UAE. Russia and the US also have a role to play in realising Nato's goals but the US Senate has yet to ratify a treaty that would reduce US and Russian nuclear stockpiles. Such a move, as Nato officials stressed this weekend, would strengthen global alliances and bolster European security.

As Nato seeks to redefine itself against evolving security threats, it will have to get its hands dirty on issues that do not carry the same broad-based consensus as nuclear proliferation or offer the same rewards. The struggle in Afghanistan, the threat of terrorist groups and rogue states, and the growing danger of cyber-warfare are but a few issues that the organisation has pledged to tackle. While Nato's desire to adapt is commendable - and some would say overdue - it remains to be seen if the organisation will deploy enough resources or demonstrate a sufficient commitment to meet the challenges its members face today.

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Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
Director: Venkat Prabhu
Rating: 2/5
Brahmastra%3A%20Part%20One%20-%20Shiva
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The specs

Engine: 3.0-litre 6-cyl turbo

Power: 435hp at 5,900rpm

Torque: 520Nm at 1,800-5,500rpm

Transmission: 9-speed auto

Price: from Dh498,542

On sale: now

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Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

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

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The Perfect Couple

Starring: Nicole Kidman, Liev Schreiber, Jack Reynor

Creator: Jenna Lamia

Rating: 3/5

MATCH INFO

Who: UAE v USA
What: first T20 international
When: Friday, 2pm
Where: ICC Academy in Dubai

In numbers: China in Dubai

The number of Chinese people living in Dubai: An estimated 200,000

Number of Chinese people in International City: Almost 50,000

Daily visitors to Dragon Mart in 2018/19: 120,000

Daily visitors to Dragon Mart in 2010: 20,000

Percentage increase in visitors in eight years: 500 per cent

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About Proto21

Date started: May 2018
Founder: Pir Arkam
Based: Dubai
Sector: Additive manufacturing (aka, 3D printing)
Staff: 18
Funding: Invested, supported and partnered by Joseph Group