Saudi, Emirati, Bahraini and Kuwaiti representatives attend an extraordinary GCC meeting in Riyadh. Photo: AFP
Saudi, Emirati, Bahraini and Kuwaiti representatives attend an extraordinary GCC meeting in Riyadh. Photo: AFP

A united GCC is an asset for the region



The prospect of ending the eight months of tense relations between the Gulf Cooperation Council countries is a positive outcome for the region. As The National reports, the GCC agreed on the return of Emirati, Saudi and Bahraini envoys to Qatar during an emergency meeting in Riyadh on Sunday. A joint statement issued after the meeting said that such a step promises to open "a new page that will present a strong base, especially in light of the sensitive circumstances the region is undergoing".

This new page will be an advantage for the entire Middle East. The GCC needs to be united when it comes to the many challenges facing the region, not only in name but also in attitudes and goals. Prolonging divisions between council members and enforcing an us-versus-them mentality can only weaken cooperation during critical times and places the entire region in greater danger.

One critical issue that requires full collaboration is the fight against extremist groups threatening the security and stability of the region. The military cooperation between the UAE, Saudi, Bahrain and Qatar in the US-led coalition to fight ISIL is one example of the positive contributions GCC countries can collectively make. Yousef Al Otaiba, the UAE’s ambassador to the United States, said recently that the only way regional countries can confront extremism is to act as a team.

Syria will also benefit from a united GCC after the current crisis is eventually replaced by peace. While there is no imminent prospect of this, when calm does return the GCC is the only alliance with both the will and the financial resources to rebuild the country in a way that benefits all its citizens. At such a critical period, the GCC countries combined will be able to boost its recovery. This is far less likely to happen without cooperation among the GCC countries.

The envoys’ return does not mean the end of tensions – but after the bitterness we have seen over the past eight months, a full rapprochement is understandably likely to take some time. The significance of Sunday’s summit lies in the fact that the states of the Gulf agree on the seriousness of the situation facing them on their doorstep and are prepared to put differences aside to confront the common threat.

Scores

New Zealand 266 for 9 in 50 overs
Pakistan 219 all out in 47.2 overs 

New Zealand win by 47 runs

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Started: 2022
Founders: Hamza Iraqui and Abdessamad Ben Zakour
Based: UAE
Industry: Refurbished electronics
Funds raised so far: $10m
Investors: Flat6Labs, Resonance and various others

TWISTERS

Director:+Lee+Isaac+Chung

Starring:+Glen+Powell,+Daisy+Edgar-Jones,+Anthony+Ramos

Rating:+2.5/5

ICC Intercontinental Cup

UAE squad Rohan Mustafa (captain), Chirag Suri, Shaiman Anwar, Rameez Shahzad, Mohammed Usman, Adnan Mufti, Saqlain Haider, Ahmed Raza, Mohammed Naveed, Imran Haider, Qadeer Ahmed, Mohammed Boota, Amir Hayat, Ashfaq Ahmed

Fixtures Nov 29-Dec 2

UAE v Afghanistan, Zayed Cricket Stadium, Abu Dhabi

Hong Kong v Papua New Guinea, Sharjah Cricket Stadium

Ireland v Scotland, Dubai International Stadium

Namibia v Netherlands, ICC Academy, Dubai

Company Profile

Company name: Hoopla
Date started: March 2023
Founder: Jacqueline Perrottet
Based: Dubai
Number of staff: 10
Investment stage: Pre-seed
Investment required: $500,000

Company profile

Company name: Fasset
Started: 2019
Founders: Mohammad Raafi Hossain, Daniel Ahmed
Based: Dubai
Sector: FinTech
Initial investment: $2.45 million
Current number of staff: 86
Investment stage: Pre-series B
Investors: Investcorp, Liberty City Ventures, Fatima Gobi Ventures, Primal Capital, Wealthwell Ventures, FHS Capital, VN2 Capital, local family offices

Keep it fun and engaging

Stuart Ritchie, director of wealth advice at AES International, says children cannot learn something overnight, so it helps to have a fun routine that keeps them engaged and interested.

“I explain to my daughter that the money I draw from an ATM or the money on my bank card doesn’t just magically appear – it’s money I have earned from my job. I show her how this works by giving her little chores around the house so she can earn pocket money,” says Mr Ritchie.

His daughter is allowed to spend half of her pocket money, while the other half goes into a bank account. When this money hits a certain milestone, Mr Ritchie rewards his daughter with a small lump sum.

He also recommends books that teach the importance of money management for children, such as The Squirrel Manifesto by Ric Edelman and Jean Edelman.

Kill

Director: Nikhil Nagesh Bhat

Starring: Lakshya, Tanya Maniktala, Ashish Vidyarthi, Harsh Chhaya, Raghav Juyal

Rating: 4.5/5

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2.15pm: Maiden (PA) Dh40,000 1,200m

Winner: Maqam, Fabrice Veron (jockey), Eric Lemartinel (trainer).

2.45pm: Maiden (PA) Dh40,000 1,200m

Winner: Mamia Al Reef, Szczepan Mazur, Ibrahim Al Hadhrami.

3.15pm: Handicap (PA) Dh40,000 2,000m

Winner: Jaahiz, Fabrice Veron, Eric Lemartinel.

3.45pm: Handicap (PA) Dh40,000 1,000m

Winner: Qanoon, Szczepan Mazur, Irfan Ellahi.

4.15pm: Sheikh Hamdan bin Rashid Cup Handicap (TB) Dh200,000 1,700m.

Winner: Philosopher, Tadhg O’Shea, Salem bin Ghadayer.

54.45pm: Handicap (PA) Dh40,000 1,700m

Winner: Jap Al Yassoob, Fernando Jara, Irfan Ellahi.

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Investment: Bootstrapped, with support from Insead and Egyptian government, seed round of
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The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

Read part one: how cars came to the UAE

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Company: Eco Way
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Industry: Electric vehicles
Investors: Bootstrapped with undisclosed funding. Looking to raise funds from outside

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Company name: Cargoz
Date started: January 2022
Founders: Premlal Pullisserry and Lijo Antony
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Number of staff: 30
Investment stage: Seed

ROUTE TO TITLE

Round 1: Beat Leolia Jeanjean 6-1, 6-2
Round 2: Beat Naomi Osaka 7-6, 1-6, 7-5
Round 3: Beat Marie Bouzkova 6-4, 6-2
Round 4: Beat Anastasia Potapova 6-0, 6-0
Quarter-final: Beat Marketa Vondrousova 6-0, 6-2
Semi-final: Beat Coco Gauff 6-2, 6-4
Final: Beat Jasmine Paolini 6-2, 6-2