Speaking to US Congress, he recalled Pearl Harbour and the attacks of 9/11 and said Ukrainians were now facing such assaults every day. When speaking to Germany’s Bundestag he talked of the Berlin Wall and the Cold War. To Finnish lawmakers he pointed to the Soviet invasion of 1939. To Japan he spoke about the nuclear threat, invoking the 2011 meltdown at the Fukushima Daiichi Nuclear Power Plant that displaced thousands.
Throughout his global parliamentary tour, Ukrainian President Volodymyr Zelenskyy has established a pattern of honing in on his audience’s national sensitivities to highlight a historical threat and establish a link to his country’s plight. Almost without fail, his words have earned a standing ovation as even the most jaded politicians are moved.
That narrative shifted last Thursday when he paid a virtual visit to Nicosia, capital of EU-member Republic of Cyprus. Early in his speech, he thanked the assembled lawmakers, including President Nicos Anastasiades, for joining the EU’s sanctions against Russia and urged them to go further and block all Russian yachts from Cypriot ports.
Ukraine’s government, he continued, thought every day about one thing: “How to help everyone we can to survive Russia’s brutal invasion,” said Mr Zelenskyy, showing a video highlighting the destruction and brutality. “God forbid any other nation should have to go through this.”
Yet few countries could understand Ukraine’s plight as well as Cyprus. While the Ukrainian leader had been nearly pitch-perfect elsewhere, in Cyprus he came off as tone-deaf because his audience knew firsthand a similar experience.
“We are disturbed by the fact that there was no reference,” Mr Anastasiades said just after Mr Zelenskyy’s speech. “We expected today to hear that what the Ukrainian people are suffering now, we ourselves also suffered in 1974.”
That July, Athens backed a right-wing paramilitary coup in Nicosia that deposed the president and sought enosis, or the union of Cyprus with Greece. Days later the Turkish military intervened, landing troops at Kyrenia and advancing south toward the capital.
Ukraine’s leader may have dug himself a deeper hole
Hundreds, possibly thousands, of Greek Cypriots were taken to prison camps in Turkey, while hundreds of Turkish Cypriots were massacred in spasms of violence that summer. By late August, a quarter of the island’s population – as many as 200,000 Greek Cypriots and 60,000 Turkish Cypriots – had been forced out of their homes.
They have yet to return, and Turkey has used its 40,000-troop presence to maintain control of nearly 40 per cent of the island. The Turkish Republic of Northern Cyprus (TRNC), recognised only by Turkey, is viewed by the United Nations as an occupation.
About a month before the current conflict began, I suggested Russia might view divided Cyprus as a model for a post-conflict Ukraine. Already a quarter of his country’s population has been displaced, yet Mr Zelenskyy's steering clear of mentioning of Turkey’s Cyprus invasion in his speech was surely no accident. Ankara has strongly supported Kyiv military – Turkey’s defence exports to Ukraine leapt 30-fold in the first quarter and its Bayraktar TB2 drones have drawn great praise for their effectiveness against Russian forces.
Mr Zelenskyy was presumably loath to offend a crucial military backer, not to mention the host of Russia-Ukraine peace talks. He thus failed to touch on the defining event of Cypriot politics for the past half-century, the elephant in the room that to this day largely dictates Cypriot policy.
After his speech, House Speaker Annita Demetriou tried to get Mr Zelenskyy to acknowledge Turkey’s invasion and the line suddenly went dead, with Ukraine officials later blaming a technical difficulty.
Ukraine’s leader may have dug himself a deeper hole in urging lawmakers to revoke the Cypriot passports, granted under a defunct citizenship-for-investment programme, of Russian nationals seen to be using Cyprus to evade sanctions.
“Whom Cyprus naturalises, under what criteria and which passports it revokes is its own matter,” former Justice Minister Emily Yiolitis tweeted in response.
Cypriot politicians were likely already feeling low after US Under Secretary for Political Affairs Victoria Nuland on Wednesday told a Greek newspaper that the planned eastern Mediterranean pipeline to deliver Israeli gas to Europe via Cyprus would take too long and cost too much. This may well be the nail in the coffin of the pipeline plan, largely dashing Cypriot hopes of becoming a regional energy hub.
Nicosia’s regional star may be fading as Ankara’s rises. Ms Nuland also urged Cyprus to include Turkey in eastern Mediterranean energy development, though Ankara has yet to acknowledge the Republic of Cyprus’s claims of its EEZ or Exclusive Economic Zone.
To top it off, Cyprus’ main opposition AKEL party boycotted Mr Zelenskyy’s speech after he had given a member of Ukraine’s far-right Azov battalion, which has been linked to neo-Nazi groups, time to speak to Greece’s Parliament earlier on Thursday. The Azov fighter from Mariupol said he was of Greek heritage, so the aim seemed to be an appeal to ethnic solidarity.
But the move backfired as it brought back memories of Greece’s far-right Golden Dawn, also linked to neo-Nazi groups. “President Zelenskyy disrespected Greece's Parliament by ushering into it a Nazi,” former Greek finance minister Yanis Varoufakis tweeted. “Likewise with the Cypriot Parliament – where he refused to engage with its Speaker's comment that Cyprus too is a victim of an illegal invasion.”
During his Cyprus speech, Mr Zelenskyy spoke optimistically of the EU’s “imminent embargo” on Russian energy supplies. If he hopes to make that vision a reality and turn off the European spigot to Russia, Mr Zelenskyy would be wise to take a more diplomatic line and ensure unity, rather than risk dissent among his EU allies.
The biog:
From: Wimbledon, London, UK
Education: Medical doctor
Hobbies: Travelling, meeting new people and cultures
Favourite animals: All of them
The biog
Born: Kuwait in 1986
Family: She is the youngest of seven siblings
Time in the UAE: 10 years
Hobbies: audiobooks and fitness: she works out every day, enjoying kickboxing and basketball
Company%20profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Belong%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Michael%20Askew%20and%20Matthew%20Gaziano%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20Technology%3Cbr%3E%3Cstrong%3ETotal%20funding%3A%3C%2Fstrong%3E%20%243.5%20million%20from%20crowd%20funding%20and%20angel%20investors%3Cstrong%3E%3Cbr%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%2012%3C%2Fp%3E%0A
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.”
MATCH INFO
What: 2006 World Cup quarter-final
When: July 1
Where: Gelsenkirchen Stadium, Gelsenkirchen, Germany
Result:
England 0 Portugal 0
(Portugal win 3-1 on penalties)
How to watch Ireland v Pakistan in UAE
When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.
Dubai works towards better air quality by 2021
Dubai is on a mission to record good air quality for 90 per cent of the year – up from 86 per cent annually today – by 2021.
The municipality plans to have seven mobile air-monitoring stations by 2020 to capture more accurate data in hourly and daily trends of pollution.
These will be on the Palm Jumeirah, Al Qusais, Muhaisnah, Rashidiyah, Al Wasl, Al Quoz and Dubai Investment Park.
“It will allow real-time responding for emergency cases,” said Khaldoon Al Daraji, first environment safety officer at the municipality.
“We’re in a good position except for the cases that are out of our hands, such as sandstorms.
“Sandstorms are our main concern because the UAE is just a receiver.
“The hotspots are Iran, Saudi Arabia and southern Iraq, but we’re working hard with the region to reduce the cycle of sandstorm generation.”
Mr Al Daraji said monitoring as it stood covered 47 per cent of Dubai.
There are 12 fixed stations in the emirate, but Dubai also receives information from monitors belonging to other entities.
“There are 25 stations in total,” Mr Al Daraji said.
“We added new technology and equipment used for the first time for the detection of heavy metals.
“A hundred parameters can be detected but we want to expand it to make sure that the data captured can allow a baseline study in some areas to ensure they are well positioned.”
Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
Israel Palestine on Swedish TV 1958-1989
Director: Goran Hugo Olsson
Rating: 5/5
The%20specs%3A%202024%20Mercedes%20E200
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MATCH INFO
Day 2 at the Gabba
Australia 312-1
Warner 151 not out, Burns 97, Labuschagne 55 not out
Pakistan 240
Shafiq 76, Starc 4-52
UAE currency: the story behind the money in your pockets
How to wear a kandura
Dos
- Wear the right fabric for the right season and occasion
- Always ask for the dress code if you don’t know
- Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work
- Wear 100 per cent cotton under the kandura as most fabrics are polyester
Don’ts
- Wear hamdania for work, always wear a ghutra and agal
- Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
THE LOWDOWN
Photograph
Rating: 4/5
Produced by: Poetic License Motion Pictures; RSVP Movies
Director: Ritesh Batra
Cast: Nawazuddin Siddiqui, Sanya Malhotra, Farrukh Jaffar, Deepak Chauhan, Vijay Raaz
Globalization and its Discontents Revisited
Joseph E. Stiglitz
W. W. Norton & Company
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
TECH%20SPECS%3A%20APPLE%20WATCH%20SERIES%208
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