For a long time, the late US secretary of state Henry Kissinger, who passed away on November 29, was portrayed as a man of peace. Indeed, he received the Nobel Peace Prize in 1973, along with North Vietnam’s chief negotiator Le Duc Tho, for having negotiated a ceasefire during the Vietnam War. Le Duc Tho alone had the decency to refuse it.
Anyone familiar with Mr Kissinger’s actions during the 1968 peace talks in Paris on ending the war in Vietnam would have known that his commitment to peace was far less pronounced than his commitment to his own personal advancement. At the time, as a participant, he had leaked information to the Nixon campaign that helped torpedo the talks. President Richard Nixon later rewarded Mr Kissinger by appointing him national security adviser.
A similar attitude could be detected in Mr Kissinger’s approach to Arab-Israeli peace after 1969, when he took office. In 1973, as secretary of state, he honed his image as a peace-maker by shuttling between Arab capitals to negotiate an end to the October 1973 Arab-Israel War. Yet his actions in the years before then showed that this was a sham.
To put this in context, we have to go back to 1969 and Mr Kissinger’s first year in office. The June 1967 Arab-Israel War had ended two years earlier and the UN Security Council had passed Resolution 242 to frame future efforts to reach a comprehensive settlement. The resolution was foundational in establishing a “land for peace” formula, where Israel would give up the land it occupied in 1967 in exchange for peace agreements with the Arab states.
In 1972, the US affirmed that Israel need not commit to a full withdrawal from the occupied territories as part of any interim agreement with the Arabs
The resolution affirmed “the inadmissibility of the acquisition of territory by war.” It also called for the “withdrawal of Israel armed forces from territories occupied in the recent conflict.” This was one of the conditions defined by the resolution as necessary for “the establishment of a just and lasting peace in the Middle East.”
The matter of withdrawals has long been a source of dispute, largely because Israel managed to slip an ambiguity into the wording. By inserting the somewhat vague clause “from territories occupied in the recent conflict,” rather than “the territories” the Israelis left the scope of withdrawals indefinite, allowing them to say they could retain at least part of the occupied Arab lands. That this equivocality exists only in the English version of the resolution showed the Israelis had foresight in realising this would be the version that prevailed.
However, less well-known is how the Nixon administration steadily emptied Resolution 242 of its content in a series of bilateral understandings with Israel. In December 1969, Washington announced what became known as the Rogers Plan, for William Rogers, the secretary of state at the time. The plan was an effort to bring about a settlement between the Arabs and Israel, and it greatly angered the Israeli prime minister Golda Meir.
The Rogers Plan reaffirmed Resolution 242, though Mr Rogers, in a speech in December 1969, inserted a caveat that there might have to be border adjustments, as the borders prevailing before the 1967 war were defined by the Armistice Agreements of 1949, therefore were not necessarily final. But the secretary saw these adjustments as minor, underlining the US did not support expansionism.
However, Mr Rogers was not the real foreign policy powerhouse in the administration. Mr Kissinger and the president were, and took steps to erode the Rogers Plan, because they regarded Israel as a valuable ally in the cold war. As a consequence of this, in July 1970 Mr Nixon sent a letter to Ms Meir, stating that the administration would not insist on Israel’s accepting the Arab definition of Resolution 242.
The letter read: “I want to assure you that we will not press Israel to accept the aforementioned positions of [Egypt, on a total withdrawal from the occupied territories]. Our position on withdrawal is that the final borders must be agreed between the parties …”
The bland phrasing meant the Americans did not consider Resolution 242 as mandating a full withdrawal from the lands occupied in 1967. This bolstered the Israeli interpretation and potentially weakened Mr Rogers’s assurances that the US sought only minor border changes.
In February 1972, the administration went further, affirming that Israel need not commit to a full withdrawal from the occupied territories as part of any interim agreement with the Arabs. In other words, it could enter into negotiations without their ultimate outcome being set beforehand, leaving the Israelis with a wide margin of diplomatic manoeuvre.
Most important, because Israel felt blindsided by the Rogers Plan, the Americans and Israelis agreed in 1972 that Washington would not make any moves on Middle East peace without first discussing them with Israel. In other words, Israel was provided with implicit veto power, even if the Americans always avoided representing it as such.
By undermining Resolution 242, successive US administrations gave Israel great latitude to continue its occupation of the West Bank and Gaza (not to mention the Golan Heights). The conflict in Gaza today and tensions in the West Bank descend directly from this myopic policy and US guarantees given to Israel that discounted the international consensus.
Mr Kissinger was at the heart of this process, and his moves in no way advanced a broad peace settlement. Instead, they reinforced Israel’s control over Arab lands, which the Trump administration furthered in 2019 when it recognised Jerusalem as Israel’s capital as well as Israel’s annexation of the Golan Heights. Never an impartial mediator, the US had bluntly chosen its side. Mr Kissinger was crucial in taking it in that direction.
Going grey? A stylist's advice
If you’re going to go grey, a great style, well-cared for hair (in a sleek, classy style, like a bob), and a young spirit and attitude go a long way, says Maria Dowling, founder of the Maria Dowling Salon in Dubai.
It’s easier to go grey from a lighter colour, so you may want to do that first. And this is the time to try a shorter style, she advises. Then a stylist can introduce highlights, start lightening up the roots, and let it fade out. Once it’s entirely grey, a purple shampoo will prevent yellowing.
“Get professional help – there’s no other way to go around it,” she says. “And don’t just let it grow out because that looks really bad. Put effort into it: properly condition, straighten, get regular trims, make sure it’s glossy.”
Squid Game season two
Director: Hwang Dong-hyuk
Stars: Lee Jung-jae, Wi Ha-joon and Lee Byung-hun
Rating: 4.5/5
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
Dhadak 2
Director: Shazia Iqbal
Starring: Siddhant Chaturvedi, Triptii Dimri
Rating: 1/5
Killing of Qassem Suleimani
GIANT REVIEW
Starring: Amir El-Masry, Pierce Brosnan
Director: Athale
Rating: 4/5
The%20specs
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Test
Director: S Sashikanth
Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan
Star rating: 2/5
The%20specs
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Bert van Marwijk factfile
Born: May 19 1952
Place of birth: Deventer, Netherlands
Playing position: Midfielder
Teams managed:
1998-2000 Fortuna Sittard
2000-2004 Feyenoord
2004-2006 Borussia Dortmund
2007-2008 Feyenoord
2008-2012 Netherlands
2013-2014 Hamburg
2015-2017 Saudi Arabia
2018 Australia
Major honours (manager):
2001/02 Uefa Cup, Feyenoord
2007/08 KNVB Cup, Feyenoord
World Cup runner-up, Netherlands
Results
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'The Last Days of Ptolemy Grey'
Rating: 3/5
Directors: Ramin Bahrani, Debbie Allen, Hanelle Culpepper, Guillermo Navarro
Writers: Walter Mosley
Stars: Samuel L Jackson, Dominique Fishback, Walton Goggins
Need to know
Unlike other mobile wallets and payment apps, a unique feature of eWallet is that there is no need to have a bank account, credit or debit card to do digital payments.
Customers only need a valid Emirates ID and a working UAE mobile number to register for eWallet account.
The biog
Age: 59
From: Giza Governorate, Egypt
Family: A daughter, two sons and wife
Favourite tree: Ghaf
Runner up favourite tree: Frankincense
Favourite place on Sir Bani Yas Island: “I love all of Sir Bani Yas. Every spot of Sir Bani Yas, I love it.”
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MOST%20POLLUTED%20COUNTRIES%20IN%20THE%20WORLD
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UAE currency: the story behind the money in your pockets
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A%20QUIET%20PLACE
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New UK refugee system
- A new “core protection” for refugees moving from permanent to a more basic, temporary protection
- Shortened leave to remain - refugees will receive 30 months instead of five years
- A longer path to settlement with no indefinite settled status until a refugee has spent 20 years in Britain
- To encourage refugees to integrate the government will encourage them to out of the core protection route wherever possible.
- Under core protection there will be no automatic right to family reunion
- Refugees will have a reduced right to public funds
11 cabbie-recommended restaurants and dishes to try in Abu Dhabi
Iqbal Restaurant behind Wendy’s on Hamdan Street for the chicken karahi (Dh14)
Pathemari in Navy Gate for prawn biryani (from Dh12 to Dh35)
Abu Al Nasar near Abu Dhabi Mall, for biryani (from Dh12 to Dh20)
Bonna Annee at Navy Gate for Ethiopian food (the Bonna Annee special costs Dh42 and comes with a mix of six house stews – key wet, minchet abesh, kekel, meser be sega, tibs fir fir and shiro).
Al Habasha in Tanker Mai for Ethiopian food (tibs, a hearty stew with meat, is a popular dish; here it costs Dh36.75 for lamb and beef versions)
Himalayan Restaurant in Mussaffa for Nepalese (the momos and chowmein noodles are best-selling items, and go for between Dh14 and Dh20)
Makalu in Mussaffa for Nepalese (get the chicken curry or chicken fry for Dh11)
Al Shaheen Cafeteria near Guardian Towers for a quick morning bite, especially the egg sandwich in paratha (Dh3.50)
Pinky Food Restaurant in Tanker Mai for tilapia
Tasty Zone for Nepalese-style noodles (Dh15)
Ibrahimi for Pakistani food (a quarter chicken tikka with roti costs Dh16)
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.”
The past winners
2009 - Sebastian Vettel (Red Bull)
2010 - Sebastian Vettel (Red Bull)
2011 - Lewis Hamilton (McLaren)
2012 - Kimi Raikkonen (Lotus)
2013 - Sebastian Vettel (Red Bull)
2014 - Lewis Hamilton (Mercedes)
2015 - Nico Rosberg (Mercedes)
2016 - Lewis Hamilton (Mercedes)
2017 - Valtteri Bottas (Mercedes)
Top financial tips for graduates
Araminta Robertson, of the Financially Mint blog, shares her financial advice for university leavers:
1. Build digital or technical skills: After graduation, people can find it extremely hard to find jobs. From programming to digital marketing, your early twenties are for building skills. Future employers will want people with tech skills.
2. Side hustle: At 16, I lived in a village and started teaching online, as well as doing work as a virtual assistant and marketer. There are six skills you can use online: translation; teaching; programming; digital marketing; design and writing. If you master two, you’ll always be able to make money.
3. Networking: Knowing how to make connections is extremely useful. Use LinkedIn to find people who have the job you want, connect and ask to meet for coffee. Ask how they did it and if they know anyone who can help you. I secured quite a few clients this way.
4. Pay yourself first: The minute you receive any income, put about 15 per cent aside into a savings account you won’t touch, to go towards your emergency fund or to start investing. I do 20 per cent. It helped me start saving immediately.