With tensions between Moscow and the West at an all-time high because of the Ukraine conflict, the death of former Soviet leader Mikhail Gorbachev is a timely, if unfortunate, reminder of an era when global rivals could set aside their differences and work together in the quest for peace.
While Gorbachev will be remembered primarily for presiding over the collapse of the Soviet Union, he also played a significant role in ending the Cold War, a conflict that had begun with the division of Europe following the Second World War and which, on occasion, had brought the planet to the brink of nuclear catastrophe, especially during the 1962 Cuban missile crisis.
After then British prime minister Margaret Thatcher famously identified Gorbachev as someone “she could do business with”, the Soviet leader found himself involved in lengthy negotiations with the US and its allies aimed at reducing their stockpiles of nuclear weapons. Thatcher used her close relationship with then US president Ronald Reagan to persuade him that Washington should set aside its long-standing hostility towards the Kremlin and engage with Gorbachev.
This led to a series of summits between the two leaders who were committed to ending the modern menace of nuclear weapons, beginning with a meeting in Geneva in November 1985, where they discussed the Cold War-era arms race and the possibility of reducing their countries’ stockpiles. This initiated a dialogue that led to the ground-breaking Reykjavik Summit the following year, where both Reagan and Gorbachev agreed that nuclear weapons must be eliminated. They even came close to an agreement to eliminate their stockpiles by 2000.
The signing of the INF Treaty effectively brought the Cold War to an end
In the event, the military establishments in both countries shied away from undertaking such a deal. Instead, further negotiations led to the signing, in late 1987, of the Intermediate-Range Nuclear Forces (INF) Treaty, with both sides agreeing to eliminate an entire class of nuclear weapons, while restricting the deployment of both intermediate and short-range land-based missiles worldwide.
The signing of the INF Treaty effectively brought the Cold War to an end, as it laid the foundations for a major de-escalation in tensions between the two superpowers. The agreement was to last for more than three decades until the Trump administration, claiming that the Russians had breached the terms of the deal by developing a new generation of ground-launched, intermediate-range cruise missiles, withdrew from the agreement – a situation that continues to this day.
Looking back at those momentous events, it is hard to imagine today’s generation of leaders having the courage and imagination to take similar measures to de-escalate tensions between East and West. On the contrary, today, the US and Russia are engaged in a new arms race with the threat of mutual nuclear destruction once again becoming a major concern. The Cold War level of nuclear stockpiles may have been significantly reduced as a result of the INF agreement, but both countries still possess significant quantities of these weapons. Russian President Vladimir Putin publicly stated that Moscow would resort to them “to defend its sovereignty".
The re-emergence of nuclear weapons as a threat to world peace is a regressive step. Unfortunately, a process to address this problem seems unlikely as long as relations between Washington and Moscow remain at their current low ebb.
The current level of hostility only serves to underline the extraordinary accomplishment of the Reagan-Gorbachev collaboration. In order to reach a deal with the US, Gorbachev had to overcome enormous resistance from within his own communist party leadership.
The so-called Nomenklatura, a category of officials who occupied key posts in the state and the economy in the Soviet system, were strongly opposed to Gorbachev’s novel concepts of more political transparency, or "glasnost", as well as his desire to introduce his "perestroika" reform programme to the union’s governmental and economic institutions. The Soviet leader also met with stiff resistance from Moscow’s military establishment, which was perturbed by his disarmament initiatives, seen as weakening the security of the Soviet Union.
To this day, there are many in Russia who still regret the changes undertaken during the Gorbachev era, which would explain the Kremlin’s reluctance to grant a man universally acknowledged as one of the greatest statesmen of the 20th century a state funeral. Speaking shortly after Gorbachev’s death had been announced, Dmitry Peskov, the Kremlin’s spokesman, said that no decision had yet been made.
He also said that it wasn’t clear whether Mr Putin would attend Gorbachev’s funeral. They were never said to be close, with Mr Putin holding Gorbachev responsible for the collapse of the Soviet Union, which took place soon after the signing of the nuclear deal.
Even so, Gorbachev will be held in high regard in the West, where his willingness to engage with his opponents demonstrated his statesmanlike qualities.
The deep bond, for example, he developed with Thatcher, who was no friend of communism, highlighted his ability to place pragmatism over ideology. On one occasion in the Kremlin, the two leaders are said to have argued for nine hours about the merits of their respective political systems, leaving Thatcher no time to change into an evening dress for the Kremlin banquet.
In the current geopolitical climate, it is hard to imagine today’s generation of leaders engaging in such a relaxed dialogue.
More on Quran memorisation:
Timeline
2012-2015
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
November 2025
180 Petrofac employees laid off in the UAE
Reading List
Practitioners of mindful eating recommend the following books to get you started:
Savor: Mindful Eating, Mindful Life by Thich Nhat Hanh and Dr Lilian Cheung
How to Eat by Thich Nhat Hanh
The Mindful Diet by Dr Ruth Wolever
Mindful Eating by Dr Jan Bays
How to Raise a Mindful Eaterby Maryann Jacobsen
Profile of Bitex UAE
Date of launch: November 2018
Founder: Monark Modi
Based: Business Bay, Dubai
Sector: Financial services
Size: Eight employees
Investors: Self-funded to date with $1m of personal savings
Key products and UAE prices
iPhone XS
With a 5.8-inch screen, it will be an advance version of the iPhone X. It will be dual sim and comes with better battery life, a faster processor and better camera. A new gold colour will be available.
Price: Dh4,229
iPhone XS Max
It is expected to be a grander version of the iPhone X with a 6.5-inch screen; an inch bigger than the screen of the iPhone 8 Plus.
Price: Dh4,649
iPhone XR
A low-cost version of the iPhone X with a 6.1-inch screen, it is expected to attract mass attention. According to industry experts, it is likely to have aluminium edges instead of stainless steel.
Price: Dh3,179
Apple Watch Series 4
More comprehensive health device with edge-to-edge displays that are more than 30 per cent bigger than displays on current models.
Punchy appearance
Roars of support buoyed Mr Johnson in an extremely confident and combative appearance
Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
The Outsider
Stephen King, Penguin
25-MAN SQUAD
Goalkeepers: Francis Uzoho, Ikechukwu Ezenwa, Daniel Akpeyi
Defenders: Olaoluwa Aina, Abdullahi Shehu, Chidozie Awaziem, William Ekong, Leon Balogun, Kenneth Omeruo, Jamilu Collins, Semi Ajayi
Midfielders: John Obi Mikel, Wilfred Ndidi, Oghenekaro Etebo, John Ogu
Forwards: Ahmed Musa, Victor Osimhen, Moses Simon, Henry Onyekuru, Odion Ighalo, Alexander Iwobi, Samuel Kalu, Paul Onuachu, Kelechi Iheanacho, Samuel Chukwueze
On Standby: Theophilus Afelokhai, Bryan Idowu, Ikouwem Utin, Mikel Agu, Junior Ajayi, Valentine Ozornwafor
Moon Music
Artist: Coldplay
Label: Parlophone/Atlantic
Number of tracks: 10
Rating: 3/5
Superliminal%20
%3Cp%3EDeveloper%3A%20Pillow%20Castle%20Games%0D%3Cbr%3EPublisher%3A%20Pillow%20Castle%20Games%0D%3Cbr%3EConsole%3A%20PlayStation%204%26amp%3B5%2C%20Xbox%20Series%20One%20%26amp%3B%20X%2FS%2C%20Nintendo%20Switch%2C%20PC%20and%20Mac%0D%3Cbr%3ERating%3A%204%2F5%3C%2Fp%3E%0A
Omar Yabroudi's factfile
Born: October 20, 1989, Sharjah
Education: Bachelor of Science and Football, Liverpool John Moores University
2010: Accrington Stanley FC, internship
2010-2012: Crystal Palace, performance analyst with U-18 academy
2012-2015: Barnet FC, first-team performance analyst/head of recruitment
2015-2017: Nottingham Forest, head of recruitment
2018-present: Crystal Palace, player recruitment manager
KILLING OF QASSEM SULEIMANI
Ain Issa camp:
- Established in 2016
- Houses 13,309 people, 2,092 families, 62 per cent children
- Of the adult population, 49 per cent men, 51 per cent women (not including foreigners annexe)
- Most from Deir Ezzor and Raqqa
- 950 foreigners linked to ISIS and their families
- NGO Blumont runs camp management for the UN
- One of the nine official (UN recognised) camps in the region
La Mer lowdown
La Mer beach is open from 10am until midnight, daily, and is located in Jumeirah 1, well after Kite Beach. Some restaurants, like Cupagahwa, are open from 8am for breakfast; most others start at noon. At the time of writing, we noticed that signs for Vicolo, an Italian eatery, and Kaftan, a Turkish restaurant, indicated that these two restaurants will be open soon, most likely this month. Parking is available, as well as a Dh100 all-day valet option or a Dh50 valet service if you’re just stopping by for a few hours.
The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5
Trump v Khan
2016: Feud begins after Khan criticised Trump’s proposed Muslim travel ban to US
2017: Trump criticises Khan’s ‘no reason to be alarmed’ response to London Bridge terror attacks
2019: Trump calls Khan a “stone cold loser” before first state visit
2019: Trump tweets about “Khan’s Londonistan”, calling him “a national disgrace”
2022: Khan’s office attributes rise in Islamophobic abuse against the major to hostility stoked during Trump’s presidency
July 2025 During a golfing trip to Scotland, Trump calls Khan “a nasty person”
Sept 2025 Trump blames Khan for London’s “stabbings and the dirt and the filth”.
Dec 2025 Trump suggests migrants got Khan elected, calls him a “horrible, vicious, disgusting mayor”
German intelligence warnings
- 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
- 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
- 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250
Source: Federal Office for the Protection of the Constitution
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.”