• Mikhail Gorbachev waves from the Red Square in Moscow during a Revolution Day celebration in November 1989. AP
    Mikhail Gorbachev waves from the Red Square in Moscow during a Revolution Day celebration in November 1989. AP
  • Gorbachev poses for a picture at the age of 19, wearing the Red Banner of Labour medal he received for driving a combine harvester on the plains of southern Russia. AP
    Gorbachev poses for a picture at the age of 19, wearing the Red Banner of Labour medal he received for driving a combine harvester on the plains of southern Russia. AP
  • Gorbachev led the Soviet Union from 1985 until its end in 1991. AFP
    Gorbachev led the Soviet Union from 1985 until its end in 1991. AFP
  • Gorbachev and US President Ronald Reagan meet for the first time in Geneva, Switzerland, in 1985. Reuters
    Gorbachev and US President Ronald Reagan meet for the first time in Geneva, Switzerland, in 1985. Reuters
  • Gorbachev and East German communist leader Erich Honecker sing the 'The International', widely regarded as a communist anthem, in East Berlin in April 1986. AFP
    Gorbachev and East German communist leader Erich Honecker sing the 'The International', widely regarded as a communist anthem, in East Berlin in April 1986. AFP
  • Gorbachev and Francois Mitterrand wave during an official trip by the French president to the USSR, in July 1986. AFP
    Gorbachev and Francois Mitterrand wave during an official trip by the French president to the USSR, in July 1986. AFP
  • Gorbachev gives a speech in Moscow, during the 18th Congress of the USSR Trade Unions, in February 1987. AFP
    Gorbachev gives a speech in Moscow, during the 18th Congress of the USSR Trade Unions, in February 1987. AFP
  • British Prime Minister Margaret Thatcher and Gorbachev before the start of talks at the Kremlin in March 1987. AFP
    British Prime Minister Margaret Thatcher and Gorbachev before the start of talks at the Kremlin in March 1987. AFP
  • Gorbachev waves from the Red Square in November 1987, during celebrations to mark the 70th anniversary of the Russian Revolution. AP
    Gorbachev waves from the Red Square in November 1987, during celebrations to mark the 70th anniversary of the Russian Revolution. AP
  • Gorbachev and Reagan sign the Intermediate-Range Nuclear Forces treaty at the White House in Washington in December 1987. Reuters
    Gorbachev and Reagan sign the Intermediate-Range Nuclear Forces treaty at the White House in Washington in December 1987. Reuters
  • Gorbachev and Queen Elizabeth II at Windsor Castle at the end of the Soviet leader's visit to Britain in April 1989. AFP
    Gorbachev and Queen Elizabeth II at Windsor Castle at the end of the Soviet leader's visit to Britain in April 1989. AFP
  • Gorbachev and his wife Raisa take in the view during a tour of China's Great Wall, in Beijing, in May 1989. AP
    Gorbachev and his wife Raisa take in the view during a tour of China's Great Wall, in Beijing, in May 1989. AP
  • Gorbachev and his wife are greeted by cheering crowds in Bonn, Germany, in June 1989. EPA
    Gorbachev and his wife are greeted by cheering crowds in Bonn, Germany, in June 1989. EPA
  • Pope John Paul II greets Gorbachev at the Vatican in December 1989. AFP
    Pope John Paul II greets Gorbachev at the Vatican in December 1989. AFP
  • Gorbachev speaks at the Lenin monument in Vilnius, Lithuania, in January 1990. AP
    Gorbachev speaks at the Lenin monument in Vilnius, Lithuania, in January 1990. AP
  • Gorbachev attends a Commission on Security and Co-operation in Europe summit in Paris in November 1990. AFP
    Gorbachev attends a Commission on Security and Co-operation in Europe summit in Paris in November 1990. AFP
  • US President George Bush and Gorbachev confer in Moscow in July 1991, after the end of a US-Soviet summit dedicated to disarmament. AFP
    US President George Bush and Gorbachev confer in Moscow in July 1991, after the end of a US-Soviet summit dedicated to disarmament. AFP
  • Gorbachev makes his first appearance after a failed military coup in August 1991. AFP
    Gorbachev makes his first appearance after a failed military coup in August 1991. AFP
  • Gorbachev and British Prime Minister John Major pose for a picture after the Soviet leader's arrival at Lancaster House, London, in July 1991. PA
    Gorbachev and British Prime Minister John Major pose for a picture after the Soviet leader's arrival at Lancaster House, London, in July 1991. PA
  • Gorbachev and his wife shake hands with Mickey and Minnie Mouse at the entrance of Disneyland, Tokyo, in April 1992. AFP
    Gorbachev and his wife shake hands with Mickey and Minnie Mouse at the entrance of Disneyland, Tokyo, in April 1992. AFP
  • Reagan and Gorbachev with their wives at a farm owned by the Reagans near Santa Barbara, California, in May 1992. Reuters
    Reagan and Gorbachev with their wives at a farm owned by the Reagans near Santa Barbara, California, in May 1992. Reuters
  • Gorbachev meets former US secretary of state Henry Kissinger in Moscow in May 1992. AFP
    Gorbachev meets former US secretary of state Henry Kissinger in Moscow in May 1992. AFP
  • Gorbachev announces his candidacy for the Russian presidency at a press conference in Moscow in March 1996. AFP
    Gorbachev announces his candidacy for the Russian presidency at a press conference in Moscow in March 1996. AFP
  • Gorbachev wipes his tears as his daughter Irina looks on during a ceremony in Moscow to pay tribute to his late wife Raisa in September 1999. AFP
    Gorbachev wipes his tears as his daughter Irina looks on during a ceremony in Moscow to pay tribute to his late wife Raisa in September 1999. AFP
  • U2 lead singer Bono, former US president Bill Clinton and Gorbachev attend a dinner hosted by the former Soviet leader at the Russian Embassy in New York in March 2002. AP
    U2 lead singer Bono, former US president Bill Clinton and Gorbachev attend a dinner hosted by the former Soviet leader at the Russian Embassy in New York in March 2002. AP
  • US Secretary of State Colin Powell shakes hands with Gorbachev in Washington in April 2001. AFP
    US Secretary of State Colin Powell shakes hands with Gorbachev in Washington in April 2001. AFP
  • Gorbachev and Russian President Vladimir Putin before the start of a news conference in Schleswig, Germany, in December 2004. AP
    Gorbachev and Russian President Vladimir Putin before the start of a news conference in Schleswig, Germany, in December 2004. AP
  • Bush, Gorbachev and former German chancellor Helmut Kohl hold the 'Point Alpha Award' at the former demarcation line between East and West Germany in June 2005. EPA
    Bush, Gorbachev and former German chancellor Helmut Kohl hold the 'Point Alpha Award' at the former demarcation line between East and West Germany in June 2005. EPA
  • Former German chancellor Angela Merkel and Gorbachev talk during the 'Petersburg Dialogue' conference in Wiesbaden, Germany, in October 2007. AFP
    Former German chancellor Angela Merkel and Gorbachev talk during the 'Petersburg Dialogue' conference in Wiesbaden, Germany, in October 2007. AFP
  • Gorbachev meets British Prime Minister Gordon Brown in January 2008 at 10 Downing Street in London. PA
    Gorbachev meets British Prime Minister Gordon Brown in January 2008 at 10 Downing Street in London. PA
  • Gorbachev holds talks with British Prime Minister David Cameron in February 2011 at 10 Downing Street in London. PA
    Gorbachev holds talks with British Prime Minister David Cameron in February 2011 at 10 Downing Street in London. PA
  • Former US President Jimmy Carter shakes hands with Gorbachev during the 12th World Summit of Nobel Peace Laureates in Chicago, Illinois, in April 2012. EPA
    Former US President Jimmy Carter shakes hands with Gorbachev during the 12th World Summit of Nobel Peace Laureates in Chicago, Illinois, in April 2012. EPA
  • Gorbachev and Bush shake hands during a commemorative event in Berlin in October 2009. AFP
    Gorbachev and Bush shake hands during a commemorative event in Berlin in October 2009. AFP
  • Gorbachev attends the Moscow premiere of a film made by Werner Herzog and British filmmaker Andre Singer based on their conversations, in Moscow, Russia, in November 2018. AP
    Gorbachev attends the Moscow premiere of a film made by Werner Herzog and British filmmaker Andre Singer based on their conversations, in Moscow, Russia, in November 2018. AP


Gorbachev's statesmanship is sorely needed today


  • English
  • Arabic

September 01, 2022

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.

  • General Secretary of the Communist Party of the Soviet Union Mikhail Gorbachev (right) shaking hands with Syrian President Hafez Al Assad in Moscow on June 19, 1985. AFP
    General Secretary of the Communist Party of the Soviet Union Mikhail Gorbachev (right) shaking hands with Syrian President Hafez Al Assad in Moscow on June 19, 1985. AFP
  • Iraqi President Saddam Hussein (right) and his Vice President Tarek Aziz in Moscow with Mr Gorbachev (left) and his Foreign Minister Edward Shevardnadze during their visit to Soviet Union in 1985. AFP
    Iraqi President Saddam Hussein (right) and his Vice President Tarek Aziz in Moscow with Mr Gorbachev (left) and his Foreign Minister Edward Shevardnadze during their visit to Soviet Union in 1985. AFP
  • Mr Gorbachev with Yasser Arafat, President of Palestine Liberation Organisation, in East Berlin on April 17, 1986 during the 11th Congress of the Socialist Unity Party of East Germany. AFP
    Mr Gorbachev with Yasser Arafat, President of Palestine Liberation Organisation, in East Berlin on April 17, 1986 during the 11th Congress of the Socialist Unity Party of East Germany. AFP
  • Delegates attend the 1991 Madrid Peace Conference. The 1991 conference for the Middle East was the first time Israel, Syria, Lebanon, Jordan, and the Palestinians all came together for negotiations. Pictured from left are Soviet President Mr Gorbachev, Soviet Foreign Minister Boris Pankin, Spanish Prime Minister Felipe Gonzalez, Israeli Prime Minister Yitzhak Shamir, US President George Bush, US Secretary of State James Baker, Egyptian Foreign Minister Amr Moussa, Palestinian delegate Abdel Haidar Shafi, and Jordanian Foreign Minister Kamel Abu Jaber. Getty Images
    Delegates attend the 1991 Madrid Peace Conference. The 1991 conference for the Middle East was the first time Israel, Syria, Lebanon, Jordan, and the Palestinians all came together for negotiations. Pictured from left are Soviet President Mr Gorbachev, Soviet Foreign Minister Boris Pankin, Spanish Prime Minister Felipe Gonzalez, Israeli Prime Minister Yitzhak Shamir, US President George Bush, US Secretary of State James Baker, Egyptian Foreign Minister Amr Moussa, Palestinian delegate Abdel Haidar Shafi, and Jordanian Foreign Minister Kamel Abu Jaber. Getty Images
  • Jordan's Queen Noor greets Mr Gorbachev in Amman in 1998. Mr Gorbachev is in Jordan to give a lecture on the UN Leadership Programme. AFP
    Jordan's Queen Noor greets Mr Gorbachev in Amman in 1998. Mr Gorbachev is in Jordan to give a lecture on the UN Leadership Programme. AFP
  • World leaders and Nobel laureates participate in a conference, organised by the Peres Centre for Peace to add impetus to the stalled Israeli-Palestinian peace process, join hands in January 1999 at the end of the two-day meeting in Ramallah. Pictured from left are Archbishop Desmond Tutu, former Costa Rican president Oscar Sanchez, Polish President Alexander Kwasniewski, Palestinian President Yasser Arafat, former Israeli Prime Minister Shimon Peres, ex-Soviet leader Mr Gorbachev and former South African president FW de Klerk. AFP
    World leaders and Nobel laureates participate in a conference, organised by the Peres Centre for Peace to add impetus to the stalled Israeli-Palestinian peace process, join hands in January 1999 at the end of the two-day meeting in Ramallah. Pictured from left are Archbishop Desmond Tutu, former Costa Rican president Oscar Sanchez, Polish President Alexander Kwasniewski, Palestinian President Yasser Arafat, former Israeli Prime Minister Shimon Peres, ex-Soviet leader Mr Gorbachev and former South African president FW de Klerk. AFP
  • Former Soviet president Mr Gorbachev (right) is greeted by former Israeli prime minister Shimon Peres after the latter's speech to the second annual meeting of the board of the Peres Centre for Peace in Tel Aviv in January 1999. AFP
    Former Soviet president Mr Gorbachev (right) is greeted by former Israeli prime minister Shimon Peres after the latter's speech to the second annual meeting of the board of the Peres Centre for Peace in Tel Aviv in January 1999. AFP
  • Former Soviet president Mr Gorbachev shakes hands with UN official and former Egyptian minister Mervat Tallawy at the UN head office in Beirut in April 2003. Mr Gorbachev called on the US and Britain to end the "bloodbath" in Iraq and allow the UN to resolve the crisis. AFP
    Former Soviet president Mr Gorbachev shakes hands with UN official and former Egyptian minister Mervat Tallawy at the UN head office in Beirut in April 2003. Mr Gorbachev called on the US and Britain to end the "bloodbath" in Iraq and allow the UN to resolve the crisis. AFP
  • Former Russian Mr Gorbachev (left) meets Lebanese Prime Minister Rafiq Hariri in Beirut in 2003. AFP
    Former Russian Mr Gorbachev (left) meets Lebanese Prime Minister Rafiq Hariri in Beirut in 2003. AFP
  • Mr Gorbachev (centre) speaks with Iraqi boys Ali Ismael Abbas (right) and his friend Ahmed (left) during an awards ceremony where Dr Ahmed Al Shatti, representing Iraqi and Kuwaiti doctors, was honoured with the "Men of the year award" for work during the Iraq war at the World Awards gala in Hamburg on October 22, 2003. Reuters
    Mr Gorbachev (centre) speaks with Iraqi boys Ali Ismael Abbas (right) and his friend Ahmed (left) during an awards ceremony where Dr Ahmed Al Shatti, representing Iraqi and Kuwaiti doctors, was honoured with the "Men of the year award" for work during the Iraq war at the World Awards gala in Hamburg on October 22, 2003. Reuters
  • Lebanese President Michel Sleiman (left) with Mr Gorbachev at the presidential palace in Baabda, east of Beirut, on February 1, 2010. Gorbachev is on a private visit to Lebanon. AFP
    Lebanese President Michel Sleiman (left) with Mr Gorbachev at the presidential palace in Baabda, east of Beirut, on February 1, 2010. Gorbachev is on a private visit to Lebanon. AFP
  • Mr Gorbachev speaks to journalists at the Middle East and North Africa Cristal Festival at a hotel in Faraya, north-east of Beirut, on February 2, 2010. AFP
    Mr Gorbachev speaks to journalists at the Middle East and North Africa Cristal Festival at a hotel in Faraya, north-east of Beirut, on February 2, 2010. AFP
  • Mr Gorbachev speaks during the International Government Communication Forum (IGCF 2014) in Sharjah on February 23, 2014. The event, gathering international professionals from government, private and media sectors, has the theme "Different Roles...Mutual Interest. AFP
    Mr Gorbachev speaks during the International Government Communication Forum (IGCF 2014) in Sharjah on February 23, 2014. The event, gathering international professionals from government, private and media sectors, has the theme "Different Roles...Mutual Interest. AFP

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.

While you're here
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

 

 

 

 

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.”

Updated: September 05, 2022, 9:14 AM