Obama’s doctrine will have far-reaching consequences



Barack Obama's graduation speech at West Point Academy last week said much about the way the US may intend to proceed in the Middle East.

Mr Obama’s vision of force as a last resort, terrorism as the primary threat and a strikingly narrow definition of American interests does seem to sound a new tone, albeit one that elaborates on his long-standing foreign policy approach. Those most persuaded by the speech note that it’s strongly in line with American public opinion and commensurate with the US role in a world that is no longer strictly or simply monopolar.

Perhaps Richard Nixon’s landmark Lakeside Speech at the Bohemian Grove in July 1967 is an apt analogue. At this confidential meeting, Nixon first floated the logic that became the “Nixon doctrine”: that both economically and strategically the US could no longer “fight others’ wars for them.” It would provide support, funding and weapons to allies and clients, but there would be no repetition of Korea or, once it was concluded, Vietnam.

This vision held for decades. Even the First Gulf War was more of an anomaly than a repudiation of it. It was only the invasion of Iraq in 2003 that fully broke with Nixon’s Lakeside logic. And it is precisely the folly of the Iraq war, and the mishandling of the Afghan one, that most fully informed Mr Obama’s new conceptualisation, summed up in an analogy about the dangers of people with hammers seeing nails everywhere. Mr Obama, though, seemed to go even further than Nixon had in rethinking the American worldview. Arguably this is because the US is now operating even more among economic and political, if not military, equals than it was several decades ago. But his approach has significant implications for US policy in the Middle East, for its regional allies and for the area’s most volatile issues.

Mr Obama did not mention the problem of Palestine at all. This might be seen as curious, given that even a few months ago it continued to rank among his administration's top foreign policy priorities. Nonetheless, the president has expressed scepticism in interviews with David Remnick of the New Yorker and Jeffrey Goldberg of Bloomberg about the prospects for diplomatic progress between Israel and the Palestinians. And this is hardly the first significant recent speech in which Mr Obama has avoided the topic altogether.

Still, that a major US presidential foreign policy address could go forward without even an implicit reference to the conflict and the occupation can only be alarming for Palestinians. And it should worry Israelis as well.

Palestinians have seen their issue receding from not only the world stage, but the regional agenda. Former prime minister Salam Fayyad was, perhaps, most forthright in ringing alarm bells about this towards the end of his term in office. It seems that secretary of state John Kerry, who has been courageous and resolute in pursuing the issue, may not have given up entirely. But when, and how, he intends to revisit it, is not clear. For the meanwhile, the policy appears to be to allow the parties to “stew in their own juices.”

The problem is that such a recipe will not have its desired effect if the experience feels more like a gentle candying than boiling in oil. And political leaders on both sides, particularly in Israel, may find the hiatus a relief. Palestinians have found an alternative in the national reunification project, which so far has not resulted in a profoundly negative response, even from Israel. Yet, the price that will ultimately be paid has yet to be reckoned.

The Israeli government and right-wing are probably very comfortable with the current hiatus. But if they were listening carefully to Mr Obama’s address, they should think twice. Not only does “benign neglect” of Palestine almost always end badly for everyone involved, reduced American interest in the Middle East in general, and the Israeli-Palestinian conflict in particular, does not suggest a bright future for Israel’s strategic position.

Indeed, the one Middle Eastern issue that seems to have genuinely captured the president’s sustained attention from the outset of his second term is Iran. Looking for some accommodation with Tehran is perfectly consistent with the rest of his stated worldview. A limited understanding preventing a confrontation over nuclear issues may indeed be achievable. But a broader rapprochement is unlikely to be attempted, and, if it were, almost certainly would create more problems than it would resolve.

Mr Obama had been expected to announce a much more robust engagement with Syrian rebels, including US training. He didn’t. That, too, may reflect both an Iran-centric agenda – with Syria policy seen as essentially a subset of that – and the generalised reduction in American power projection he described.

Syria may indicate where Mr Obama is going well beyond where Nixon had. Not only will the United States not fight others’ wars for them. Now, perhaps it might be increasingly less inclined to offer them as much support either. Everyone in the Middle East, Israelis included, should think seriously about the long-term implications of that, if this is indeed what Mr Obama was implying and if, in fact, it presages a sustained new era in American foreign policy.

Hussein Ibish is a senior fellow at the American Task Force on Palestine and blogs at www. ­ibishblog.com

On Twitter: @ibishblog

COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
Rating: 4/5
The Bio

Favourite place in UAE: Al Rams pearling village

What one book should everyone read: Any book written before electricity was invented. When a writer willingly worked under candlelight, you know he/she had a real passion for their craft

Your favourite type of pearl: All of them. No pearl looks the same and each carries its own unique characteristics, like humans

Best time to swim in the sea: When there is enough light to see beneath the surface

The specs

Engine: 2.0-litre 4-cyl, 48V hybrid

Transmission: eight-speed automatic

Power: 325bhp

Torque: 450Nm

Price: Dh289,000

THE BIO

Family: I have three siblings, one older brother (age 25) and two younger sisters, 20 and 13 

Favourite book: Asking for my favourite book has to be one of the hardest questions. However a current favourite would be Sidewalk by Mitchell Duneier

Favourite place to travel to: Any walkable city. I also love nature and wildlife 

What do you love eating or cooking: I’m constantly in the kitchen. Ever since I changed the way I eat I enjoy choosing and creating what goes into my body. However, nothing can top home cooked food from my parents. 

Favorite place to go in the UAE: A quiet beach.

Everything Now

Arcade Fire

(Columbia Records)

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The finalists

Player of the Century, 2001-2020: Cristiano Ronaldo (Juventus), Lionel Messi (Barcelona), Mohamed Salah (Liverpool), Ronaldinho

Coach of the Century, 2001-2020: Pep Guardiola (Manchester City), Jose Mourinho (Tottenham Hotspur), Zinedine Zidane (Real Madrid), Sir Alex Ferguson

Club of the Century, 2001-2020: Al Ahly (Egypt), Bayern Munich (Germany), Barcelona (Spain), Real Madrid (Spain)

Player of the Year: Cristiano Ronaldo, Lionel Messi, Robert Lewandowski (Bayern Munich)

Club of the Year: Bayern Munich, Liverpool, Real Madrid

Coach of the Year: Gian Piero Gasperini (Atalanta), Hans-Dieter Flick (Bayern Munich), Jurgen Klopp (Liverpool)

Agent of the Century, 2001-2020: Giovanni Branchini, Jorge Mendes, Mino Raiola

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From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

Pakistan squad

Sarfraz (c), Zaman, Imam, Masood, Azam, Malik, Asif, Sohail, Shadab, Nawaz, Ashraf, Hasan, Amir, Junaid, Shinwari and Afridi

Frankenstein in Baghdad
Ahmed Saadawi
​​​​​​​Penguin Press

Business Insights
  • As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses. 
  • SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income. 
  • Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

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Engine: 2.0-litre turbocharged four-cylinder

Transmission: Seven-speed automatic

Power: 197hp @ 5,500rpm

Torque: 315Nm @ 2,000rpm

Fuel economy, combined: 7.0L / 100km

The specs

Engine: 2.0-litre four-cylinder turbo

Power: 268hp at 5,600rpm

Torque: 380Nm at 4,800rpm

Transmission: CVT auto

Fuel consumption: 9.5L/100km

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The specs

Engine: 6.2-litre V8

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Company Profile
Company name: OneOrder

Started: October 2021

Founders: Tamer Amer and Karim Maurice

Based: Cairo, Egypt

Industry: technology, logistics

Investors: A15 and self-funded 

If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.

When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.

How to get there: Emirates currently flies from Dubai to Orlando five times a week.
Call of Duty: Black Ops 6

Developer: Treyarch, Raven Software
Publisher:  Activision
Console: PlayStation 4 & 5, Windows, Xbox One & Series X/S
Rating: 3.5/5

Nayanthara: Beyond The Fairy Tale

Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni

Director: Amith Krishnan

Rating: 3.5/5

Various Artists 
Habibi Funk: An Eclectic Selection Of Music From The Arab World (Habibi Funk)
​​​​​​​

COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
Citadel: Honey Bunny first episode

Directors: Raj & DK

Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon

Rating: 4/5

Business Insights
  • Canada and Mexico are significant energy suppliers to the US, providing the majority of oil and natural gas imports
  • The introduction of tariffs could hinder the US's clean energy initiatives by raising input costs for materials like nickel
  • US domestic suppliers might benefit from higher prices, but overall oil consumption is expected to decrease due to elevated costs

Charlotte Gainsbourg

Rest

(Because Music)

TERMINAL HIGH ALTITUDE AREA DEFENCE (THAAD)

What is THAAD?

It is considered to be the US's most superior missile defence system.

Production:

It was created in 2008.

Speed:

THAAD missiles can travel at over Mach 8, so fast that it is hypersonic.

Abilities:

THAAD is designed to take out  ballistic missiles as they are on their downward trajectory towards their target, otherwise known as the "terminal phase".

Purpose:

To protect high-value strategic sites, such as airfields or population centres.

Range:

THAAD can target projectiles inside and outside the Earth's atmosphere, at an altitude of 150 kilometres above the Earth's surface.

Creators:

Lockheed Martin was originally granted the contract to develop the system in 1992. Defence company Raytheon sub-contracts to develop other major parts of the system, such as ground-based radar.

UAE and THAAD:

In 2011, the UAE became the first country outside of the US to buy two THAAD missile defence systems. It then stationed them in 2016, becoming the first Gulf country to do so.

THE SPECS

Engine: 6.75-litre twin-turbocharged V12 petrol engine 

Power: 420kW

Torque: 780Nm

Transmission: 8-speed automatic

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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.”

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Disclaimer

Director: Alfonso Cuaron 

Stars: Cate Blanchett, Kevin Kline, Lesley Manville 

Rating: 4/5

How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

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The specs

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On sale: Now

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How to help

Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
2252 – Dh 50
6025 – Dh20
6027 – Dh 100
6026 – Dh 200