Dr Ebtesam Al Ketbi is the president of the Emirates Policy Centre
July 12, 2022
US President Joe Biden’s visit to the Middle East this week is undoubtedly a precious opportunity for the region to express its belief in strengthening its friendships and long-standing strategic partnerships with the world’s most powerful country. This is an historic visit that should be welcomed warmly, and America’s regional allies – particularly in the UAE – will know that it can contribute toward bringing Washington’s relationships in the region to a new level. A more robust foundation for US alliances here would better reflect mutual interests and consolidate regional security. In light of continuing shifts in the regional and global strategic environments, this is more important now than ever before.
As per Mr Biden’s previous statements, his visit, which comes before the upcoming US mid-term elections, will focus on the potential and promising opportunities emerging from the Middle East’s new dynamics. The Abraham Accords are a prime example. They have generated an unprecedented level of co-operation between Arab countries and Israel. It is likely, therefore, that a major focus of the US President’s tour will be on developing new understandings and regional partnerships. This includes not only security but also other areas, like clean energy and food and water security.
Hopefully, the visit will solidify the US strategy for burden-sharing, which is essential to creating more efficient and credible tools to safeguard Washington and its allies’ interests. There is in this visit a great opportunity, for instance, to consolidate the Negev Forum as an annual summit that can bring more Middle East countries together in areas that go beyond their immediate economic and security needs and create a more sustainable modus vivendi for the region’s people. The first Negev Forum took place in Israel in March of last year, and brought together the foreign ministers of Bahrain, Israel, Morocco and the UAE, as well as the US Secretary of State. It was a watershed event, establishing a new framework for regional co-operation. The participants agreed to form six working groups, on clean energy, education and co-existence, food and water security, health, regional security and tourism. That work should continue.
Strengthening regional co-operation between Arab countries and Israel seems a promising development, and it comes with great expectations. But it is also essential not to lose sight of other issues.
One is the critical challenge of meeting the demands of a political settlement for the Palestinian-Israeli conflict, reducing tensions and escalations, and involving the Palestinians in current and future regional co-operation efforts. Without this, a comprehensive and sustainable regional peace will remain elusive.
Another challenge is Iran’s regional behaviour. The members of the GCC and other Arab countries still advocate a diplomatic approach with Iran, including economic diplomacy rather than the use of military options. At the same time, GCC countries need to be assured about the peaceful nature of Tehran’s nuclear programme. The same goes for its ballistic missile programme and harmful regional policies.
Iran's weapons programmes remain a concern for Arab states. AP
GCC countries need to be assured about the peaceful nature of Tehran’s nuclear programme
It is the hope of many here that Mr Biden’s visit will strengthen UAE and GCC security and defence capabilities against missiles, drones and other emerging threats, and enhance US-GCC ties. Many also want to see the visit earmark a new approach to regional security – one that combines deterrence with containment, de-escalation policies and consolidated economic solutions. This would be a prelude to promoting security and expanding co-operation between Arab countries, including Palestinians, but also with Turkey and Israel.
It is important to clearly outline the benchmarks for a successful visit by Mr Biden. Two, in particular, stand out.
The first is whether it results in the creation of a solid approach to addressing Iranian threats while also maintaining diplomatic engagement with Tehran and preventing regional conflict. If the US uses its influence to contain Iranian threats and integrate Iran into the diplomatic path, the US burden-sharing strategy will receive a strong push from Washington’s Middle Eastern allies.
The second benchmark is whether or not it will clarify contours of US policy concerning China and Russia that take into account the interests of Arab states. The desires of GCC countries as well as other allies of the US to maintain strategic balancing in their policies will depend to a great extent on the nature of US commitment towards the security and interests of those partners and broader regional stability.
The Middle East has made great strides in regional co-operation and co-existence recently. Many of the building blocks for peace are there. But the US still has a very large role to play in strengthening the fundamentals of this evolving peace, and it can do so by showing that its commitment to its allies is both unwavering and in touch with their needs and concerns. Mr Biden’s visit provides a much-needed opportunity to achieve this.
UAE currency: the story behind the money in your pockets
UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves.
The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.
Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.
A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
- Carbonated drinks, sweet or savoury packaged snacks, confectionery, mass-produced packaged breads and buns
- margarines and spreads; cookies, biscuits, pastries, cakes, and cake mixes, breakfast cereals, cereal and energy bars;
- energy drinks, milk drinks, fruit yoghurts and fruit drinks, cocoa drinks, meat and chicken extracts and instant sauces
- infant formulas and follow-on milks, health and slimming products such as powdered or fortified meal and dish substitutes,
- many ready-to-heat products including pre-prepared pies and pasta and pizza dishes, poultry and fish nuggets and sticks, sausages, burgers, hot dogs, and other reconstituted meat products, powdered and packaged instant soups, noodles and desserts.
2. End hunger, achieve food security and improved nutrition and promote sustainable agriculture
3. Ensure healthy lives and promote well-being for all at all ages
4. Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all
5. Achieve gender equality and empower all women and girls
6. Ensure availability and sustainable management of water and sanitation for all
7. Ensure access to affordable, reliable, sustainable and modern energy for all
8. Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
9. Build resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation
10. Reduce inequality within and among countries
11. Make cities and human settlements inclusive, safe, resilient and sustainable
12. Ensure sustainable consumption and production patterns
13. Take urgent action to combat climate change and its effects
14. Conserve and sustainably use the oceans, seas and marine resources for sustainable development
15. Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss
16. Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels
17. Strengthen the means of implementation and revitalise the global partnership for sustainable development
6.30pm: The Madjani Stakes (PA) Group 3 Dh175,000 (Dirt) 1,900m
7.05pm: Maiden (TB) Dh165,000 (D) 1,400m
7.40pm: Maiden (TB) Dh165,000 (D) 1,600m
8.15pm: Handicap (TB) Dh190,000 (D) 1,200m
8.50pm: Dubai Creek Mile (TB) Listed Dh265,000 (D) 1,600m
9.25pm: Handicap (TB) Dh190,000 (D) 1,600m
The National selections
6.30pm: Chaddad
7.05pm: Down On Da Bayou
7.40pm: Mass Media
8.15pm: Rafal
8.50pm: Yulong Warrior
9.25pm: Chiefdom
LA LIGA FIXTURES
Friday (UAE kick-off times)
Real Sociedad v Leganes (midnight)
Saturday
Alaves v Real Valladolid (4pm)
Valencia v Granada (7pm)
Eibar v Real Madrid (9.30pm)
Barcelona v Celta Vigo (midnight)
Sunday
Real Mallorca v Villarreal (3pm)
Athletic Bilbao v Levante (5pm)
Atletico Madrid v Espanyol (7pm)
Getafe v Osasuna (9.30pm)
Real Betis v Sevilla (midnight)
RESULTS
5pm: Maiden (PA) Dh80,000 1,400m
Winner: JAP Almahfuz, Fernando Jara (jockey), Irfan Ellahi (trainer).
5.30pm: Handicap (PA) Dh90,000 1,400m
Winner: AF Momtaz, Antonio Fresu, Musabah Al Muhairi.
6pm: Handicap (TB) Dh100,000 1,400m
Winner: Yaalail, Fernando Jara, Ali Rashid Al Raihe.
6.30pm: Abu Dhabi Championship Listed (PA) Dh180,000 1,600m
Winner: Ihtesham, Szczepan Mazur, Ibrahim Al Hadhrami.
7pm: Wathba Stallions Cup Handicap (PA) Dh70,000 1,600m
Winner: Dahess D’Arabie, Fernando Jara, Helal Al Alawi.
7.30pm: Maiden (PA) Dh80,000 2.200m
Winner: Ezz Al Rawasi, Connor Beasley, Helal Al Alawi.
The 12 Syrian entities delisted by UK
Ministry of Interior Ministry of Defence General Intelligence Directorate Air Force Intelligence Agency Political Security Directorate Syrian National Security Bureau Military Intelligence Directorate Army Supply Bureau General Organisation of Radio and TV Al Watan newspaper Cham Press TV Sama TV
If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.
Greed
Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.
Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.
Fear
The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.
Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.
Hope
While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.
Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.
Frustration
Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.
Tip:Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.
Boredom
Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.
Tip: Open an online demo account and get your thrills without risking real money.
- At 9.16pm, three suicide attackers killed one person outside the Atade de France during a foootball match between France and Germany - At 9.25pm, three attackers opened fire on restaurants and cafes over 20 minutes, killing 39 people - Shortly after 9.40pm, three other attackers launched a three-hour raid on the Bataclan, in which 1,500 people had gathered to watch a rock concert. In total, 90 people were killed - Salah Abdeslam, the only survivor of the terrorists, did not directly participate in the attacks, thought to be due to a technical glitch in his suicide vest - He fled to Belgium and was involved in attacks on Brussels in March 2016. He is serving a life sentence in France
Delhi Dragons: Ronaldinho
Bengaluru Royals: Paul Scholes
Mumbai Warriors: Ryan Giggs
Chennai Ginghams: Hernan Crespo
Telugu Tigers: Deco
Kerala Cobras: Michel Salgado
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange