British Foreign Secretary James Cleverly speaks while US Secretary of State Anthony Blinkin (R) looks on during a Security Council meeting on September 22, 2022 in New York. AFP
British Foreign Secretary James Cleverly speaks while US Secretary of State Anthony Blinkin (R) looks on during a Security Council meeting on September 22, 2022 in New York. AFP
British Foreign Secretary James Cleverly speaks while US Secretary of State Anthony Blinkin (R) looks on during a Security Council meeting on September 22, 2022 in New York. AFP
British Foreign Secretary James Cleverly speaks while US Secretary of State Anthony Blinkin (R) looks on during a Security Council meeting on September 22, 2022 in New York. AFP


Iran concerns the British public for good reason


  • English
  • Arabic

September 26, 2022

At a time when there is mounting concern about Iran’s nuclear ambitions, the findings of a new poll show that a clear majority of the British people fully comprehend that Tehran potentially poses as much of a threat to their own welfare as it does the Middle East.

In the two decades or so since Iran’s nuclear programme first became an issue of global concern, there has been a tendency among some Western leaders to dismiss the threat Iran’s activities pose to their security. They argue it is a regional issue that requires a regional solution.

But while this argument may have had some merit when Iran’s missile capabilities were limited in range, the paradigm has changed significantly now that Iran has developed a new generation of long-range missiles. Western intelligence experts believe these are capable of carrying nuclear warheads. Suddenly, it is not Iran’s regional rivals in the Middle East that could be the targets of Iranian missiles, but European capitals, too.

Iran’s willingness, moreover, to use its missiles to attack European targets was made explicit in July. A news website affiliated with the Islamic Revolutionary Guard Corps (IRGC), the paramilitary organisation responsible for defending the Iranian regime, said it would be entirely justifiable for the organisation to attack opposition groups based in Europe with missiles and drones.

The escalating threat posed by Iran’s nuclear-related activities is clearly no longer confined to the Middle East region, as demonstrated by the findings of a new poll by The National.

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By far the most revealing response was that 54 per cent of Britons now accept that Iran’s nuclear ambitions represent a threat to the entire world ― including the UK ― and is not only confined to the Middle East. By contrast, only 10 per cent believe that Iran’s nuclear ambitions do not represent a threat.

The acknowledgement that Iran’s nuclear ambitions can no longer be ignored by the wider international community would also explain the strong support expressed in the poll for Nato to expand its role across Europe.

Calls have been growing throughout Europe for Nato to increase its defensive capabilities following the outbreak of the Ukraine war earlier this year. This has essentially been a conflict between Russia and Ukraine over disputed territory in eastern and southern Ukraine.

The poll found that 46 per cent of respondents were in favour of Nato expanding its role across Europe following recent events in Ukraine, while only 5 per cent wanted it to reduce this.

Recent reports that Iran has been actively supporting Moscow by providing military equipment such as drones, as well as helping Russia to avoid the effects of Western sanctions, also mean that Tehran is closely involved in the conflict. It therefore poses just as much of a threat to Western security as Russia.

If the poll shows a growing awareness among the British public on the need to respond to the threat posed to European security by the likes of Iran and Russia, there are divisions over how the West has handled previous conflicts. These include the recent campaigns in Iraq and Afghanistan.

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On Iraq, only 27 per cent of respondents thought the US and Britain were right to overthrow Saddam Hussein’s regime in 2003. Meanwhile, 40 per cent believed Britain and the US took the right decision to withdraw their forces from Afghanistan last summer.

There is one important conclusion that can be drawn from the report, therefore. While a significant percentage of the British public are in favour of taking robust measures to safeguard their security, they also expect their political leaders to give serious consideration to the consequences of their decisions before authorising military action.

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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”.

Uefa Nations League

League A:
Germany, Portugal, Belgium, Spain, France, England, Switzerland, Italy, Poland, Iceland, Croatia, Netherlands

League B:
Austria, Wales, Russia, Slovakia, Sweden, Ukraine, Republic of Ireland, Bosnia-Herzegovina, Northern Ireland, Denmark, Czech Republic, Turkey

League C:
Hungary, Romania, Scotland, Slovenia, Greece, Serbia, Albania, Norway, Montenegro, Israel, Bulgaria, Finland, Cyprus, Estonia, Lithuania

League D:
Azerbaijan, Macedonia, Belarus, Georgia, Armenia, Latvia, Faroe Islands, Luxembourg, Kazakhstan, Moldova, Liechtenstein, Malta, Andorra, Kosovo, San Marino, Gibraltar

Dubai World Cup Carnival card:

6.30pm: Handicap (Turf) | US$175,000 2,410 metres

7.05pm: UAE 1000 Guineas Trial Conditions (Dirt) $100,000 1,400m

7.40pm: Handicap (T) $145,000 1,000m

8.15pm: Dubawi Stakes Group 3 (D) $200,000 1,200m

8.50pm: Singspiel Stakes Group 3 (T) $200,000 1,800m

9.25pm: Handicap (T) | $175,000 1,400m

UAE currency: the story behind the money in your pockets
Lexus LX700h specs

Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

Torque: 790Nm from 2,000-3,600rpm

Transmission: 10-speed auto

Fuel consumption: 11.7L/100km

On sale: Now

Price: From Dh590,000

Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

The specs
Engine: 2.4-litre 4-cylinder

Transmission: CVT auto

Power: 181bhp

Torque: 244Nm

Price: Dh122,900 

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Q&A with Dash Berlin

Welcome back. What was it like to return to RAK and to play for fans out here again?
It’s an amazing feeling to be back in the passionate UAE again. Seeing the fans having a great time that is what it’s all about.

You're currently touring the globe as part of your Legends of the Feels Tour. How important is it to you to include the Middle East in the schedule?
The tour is doing really well and is extensive and intensive at the same time travelling all over the globe. My Middle Eastern fans are very dear to me, it’s good to be back.

You mix tracks that people know and love, but you also have a visually impressive set too (graphics etc). Is that the secret recipe to Dash Berlin's live gigs?
People enjoying the combination of the music and visuals are the key factor in the success of the Legends Of The Feel tour 2018.

Have you had some time to explore Ras al Khaimah too? If so, what have you been up to?
Coming fresh out of Las Vegas where I continue my 7th annual year DJ residency at Marquee, I decided it was a perfect moment to catch some sun rays and enjoy the warm hospitality of Bab Al Bahr.

 

Sole survivors
  • Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
  • George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
  • Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
  • Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
Test

Director: S Sashikanth

Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan

Star rating: 2/5

Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

Emergency

Director: Kangana Ranaut

Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry 

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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.”

THE BIG MATCH

Arsenal v Manchester City,

Sunday, Emirates Stadium, 6.30pm

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A Dog's Journey 

Directed by: Gail Mancuso

Starring: Dennis Quaid, Josh Gad, Marg Helgenberger, Betty Gilpin, Kathryn Prescott

3 out of 5 stars

The bio

Favourite book: Kane and Abel by Jeffrey Archer

Favourite quote: “The world makes way for the man who knows where he is going.” - Ralph Waldo Emerson, American essayist

Favourite Authors: Arab poet Abu At-Tayyib Al-Mutanabbi

Favourite Emirati food: Luqaimat, a deep-fried dough soaked in date syrup

Hobbies: Reading and drawing

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Updated: September 27, 2022, 5:59 AM