What’s in a name? In Kosovo it’s everything. Most of the 100,000 Serbs still living there call it Kosovo and Metohija. If you are among the 1.8 million Kosovan Albanians, you are in the Republic of Kosovo. Fifteen years on from Pristina’s declaration of independence from Serbia the matter is still not settled and the potential for violence remains.
Kosovo, which neighbours four Western Balkans countries, is often called the “black hole of Europe”. The rule of law is shaky, and the land is crisscrossed with routes for trafficking drugs, guns and people. A settlement with Belgrade, resulting in better cross-border co-operation, would help the fight against the smuggling trade as would a crackdown on some officials in both countries who are allegedly involved in criminality. Some made their names and fortunes during the Kosovo war.
In 1999 Nato intervened in the conflict between Serbia and the Kosovan Liberation Army, bombing the Serb forces out of the province. Fearing retribution from the returning Kosovans who had been forced from their homes 100,000 of the then 240,000-strong Serb population fled north. Over the next few years, amid a campaign of violence against them, another 40,000 left.
Serbs view Kosovo as the birthplace of their culture. The word Metohija is of Greek origin and roughly means “land of monasteries”. The oldest churches there date back to the 6th century and for centuries Christians were the majority population. That began to change in the 15th century with the arrival of Islam and the conquering Ottoman Turks. Relations between Orthodox Serbs and Muslim Kosovars have never been good, with both taking the opportunity to discriminate against the other depending on which had the upper hand. Historical memory is selective on both sides, and on both sides the scars run deep.
Persecution of Kosovars intensified during the Slobodan Milosevic era and led to the uprising, which in turn led to the declaration of independence in February 2008. Kosovars regard the word Metohija as a colonial relic used by those who seek to overturn their hard-won sovereignty. Serbs see opposition to the word as an attempt to erase their identity.
Ahead of the 15th anniversary of independence two related things happened. Firstly, there was an uptick in violence, but this often happens ahead of international diplomatic activity aimed at the normalisation of relations. Late last year Kosovo's Serbs put up roadblocks across the country and exchanged fire with local and EU police forces. Belgrade sent extra troops to the border. Then diplomacy kicked up a gear and earlier this month both sides said they were ready to work towards implementing a long-standing EU normalisation plan.
Details are not public, but it’s thought the deal includes respecting borders and the recognition of state symbols. There’s also a fudge when it comes to recognition. Serbia would no longer lobby international organisations to exclude Kosovo but would stop short of recognising it as a state. Both countries would open representative offices in the respective capitals. Then comes the harder stuff.
Both Serbia and Kosovo know that even if they cannot bury their differences, it is in their interests to put them to one side
Pristina had already agreed that eventually Kosovo’s Serbs could form a semi-autonomous association, which the Serb side calls a Community of Serb Municipalities. However, Kosovo’s Prime Minister Albin Kurti insists the name be changed as it is mono-ethnic, that it cannot have powers parallel to the government and that it can only come about after Serbia officially recognises Kosovo as a state. Serbia’s President, Aleksandar Vucic descries these conditions as “a fairy tale”.
Mr Kurti fears the creation of another Republika Srpska – the statelet formed within Bosnia by Serbs after the 1995 peace deal there. It has remained a potential powder keg with factions advocating union with Serbia. He is also aware of Russia’s influence in Belgrade and of how Moscow has used pro-Russian elements in Ukraine to limit Ukrainian sovereignty in its own territory.
So – a long way to go. If the deal did go through it would not only reduce the potential for another war, but unlock inward investment, and allow Spain, Slovakia, Cyprus, Romania and Greece to recognise Kosovo’s statehood. That in turn would be a step along the very long road to EU membership for both countries. The EU five remain nervous about recognising secession from a nation state for their own personal reasons.
Even with a deal, Russia would probably continue to veto Kosovo’s membership at the UN. It is an historical ally of Serbia and seeks to maintain its foothold in the region via Serbia, Republika Srpska and the north of Kosovo where the majority of Serbs live.
During the 1999 Kosovo war Moscow ordered a battalion of about 200 Russian soldiers in 30 armoured vehicles to leave their barracks in Bosnia and get to Kosovo ahead of Nato’s arrival. The Russians eventually became part of the peacekeeping mission and stayed in Kosovo until 2003.
The lesson President Vladimir Putin took from this episode is that if Russia could be made a player using 200 men, it could be made a winner with the whole might of the Russian military in the belief that the West did not have the stomach to stand in its way. This argument held through the war in Georgia, the operation in Syria and the 2014 invasion of Ukraine. It fell apart last year. Nevertheless, the Kremlin uses the “Kosovo precedence” of Nato’s 1999 intervention to prevent ethnic cleansing to argue Russia’s case in Ukraine no matter how hollow this looks to most outsiders.
Both Serbia and Kosovo know that even if they cannot bury their differences, it is in their interests to put them to one side. Another conflict could easily draw in Albania, Macedonia and Bulgaria, and ignite the tensions in Bosnia.
Conversely, mutual recognition and respect can bring stability. It will encourage investment and trade. Names matter. Peace matters more.
ADCC AFC Women’s Champions League Group A fixtures
October 3: v Wuhan Jiangda Women’s FC
October 6: v Hyundai Steel Red Angels Women’s FC
October 9: v Sabah FA
If you go...
Etihad Airways flies from Abu Dhabi to Kuala Lumpur, from about Dh3,600. Air Asia currently flies from Kuala Lumpur to Terengganu, with Berjaya Hotels & Resorts planning to launch direct chartered flights to Redang Island in the near future. Rooms at The Taaras Beach and Spa Resort start from 680RM (Dh597).
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Singham Again
Director: Rohit Shetty
Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone
Rating: 3/5
Dhadak
Director: Shashank Khaitan
Starring: Janhvi Kapoor, Ishaan Khattar, Ashutosh Rana
Stars: 3
Electoral College Victory
Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate.
Popular Vote Tally
The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.
Sour%20Grapes
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UAE currency: the story behind the money in your pockets
PROFILE OF HALAN
Started: November 2017
Founders: Mounir Nakhla, Ahmed Mohsen and Mohamed Aboulnaga
Based: Cairo, Egypt
Sector: transport and logistics
Size: 150 employees
Investment: approximately $8 million
Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar
Company Fact Box
Company name/date started: Abwaab Technologies / September 2019
Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO
Based: Amman, Jordan
Sector: Education Technology
Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed
Stage: early-stage startup
Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.
ASHES SCHEDULE
First Test
November 23-27 (The Gabba, Brisbane)
Second Test
December 2-6 (Adelaide Oval, Adelaide)
Third Test
December 14-18 (Waca Ground, Perth)
Fourth Test
December 26-30 (Melbourne Cricket Ground, Melbourne)
Fifth Test
January 4-8, 2018 (Sydney Cricket Ground, Sydney)
The%20National%20selections
%3Cp%3E6pm%3A%20Barakka%3Cbr%3E6.35pm%3A%20Dhahabi%3Cbr%3E7.10pm%3A%20Mouheeb%3Cbr%3E7.45pm%3A%20With%20The%20Moonlight%3Cbr%3E8.20pm%3A%20Remorse%3Cbr%3E8.55pm%3A%20Ottoman%20Fleet%3Cbr%3E9.30pm%3A%20Tranquil%20Night%3C%2Fp%3E%0A
Paris Can Wait
Dir: Eleanor Coppola
Starring: Alec Baldwin, Diane Lane, Arnaud Viard
Two stars
Wicked: For Good
Director: Jon M Chu
Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater
Rating: 4/5
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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Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
Sunday:
GP3 race: 12:10pm
Formula 2 race: 1:35pm
Formula 1 race: 5:10pm
Performance: Guns N' Roses
Match info
Uefa Nations League Group B:
England v Spain, Saturday, 11.45pm (UAE)
Superpower%20
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ESean%20Penn%2C%20Aaron%20Kaufman%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E3%2F5%3C%2Fp%3E%0A
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
JOKE'S%20ON%20YOU
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KEY%20DATES%20IN%20AMAZON'S%20HISTORY
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The chef's advice
Troy Payne, head chef at Abu Dhabi’s newest healthy eatery Sanderson’s in Al Seef Resort & Spa, says singles need to change their mindset about how they approach the supermarket.
“They feel like they can’t buy one cucumber,” he says. “But I can walk into a shop – I feed two people at home – and I’ll walk into a shop and I buy one cucumber, I’ll buy one onion.”
Mr Payne asks for the sticker to be placed directly on each item, rather than face the temptation of filling one of the two-kilogram capacity plastic bags on offer.
The chef also advises singletons not get too hung up on “organic”, particularly high-priced varieties that have been flown in from far-flung locales. Local produce is often grown sustainably, and far cheaper, he says.
Company%20profile
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Springtime in a Broken Mirror,
Mario Benedetti, Penguin Modern Classics