Rishi Sunak, centre, listening as his then boss Boris Johnson at 10 Downing Street. PA Wire
Rishi Sunak, centre, listening as his then boss Boris Johnson at 10 Downing Street. PA Wire
Rishi Sunak, centre, listening as his then boss Boris Johnson at 10 Downing Street. PA Wire
Rishi Sunak, centre, listening as his then boss Boris Johnson at 10 Downing Street. PA Wire


Rishi Sunak needs to remove Boris Johnson's toxic legacy – Brexit


  • English
  • Arabic

October 25, 2022

There’s a phrase I often used to hear when I lived in the US: "If you do what you’ve always done, then you’ll get what you’ve always got." I couldn’t understand that phrase because it simply isn’t true. If businesses like Kodak, Blockbuster or IBM do what they’ve always done, they soon disappear (as Blockbuster did). That’s because the world constantly changes. Businesses, even successful ones, reinvent themselves (like IBM and Kodak) or die.

It, therefore, seemed odd to me that until a few days ago there remained a strand within the British Conservative party that still wished to reinstall Boris Johnson as prime minister despite ... well, despite the fact that the scandal-magnet Mr Johnson has been a disaster for his party and his country. Finally, the Conservatives settled not on "doing what they’ve always done", but on Rishi Sunak.

That’s because unlike Mr Johnson and outgoing prime minister Liz Truss, Mr Sunak at least appears to be a grown-up. He works hard. He has a strong business background. He comes from an extremely rich family so you can be sure that – again unlike Mr Johnson – he will not spend a lot of time worrying about money and cosying up to rich (and at times unsuitable) friends. It’s also good news that we have as prime minister a person of colour whose family background reflects the diversity of Britain today.

The Tories settled not on 'doing what they’ve always done', but on Sunak

True, Mr Sunak did attend one of those exclusive English public schools, and his privilege shines through in everything from the way he dresses to the car he drives. (He once pretended to drive a much more humble model borrowed from someone else.) Also true, Mr Sunak has risen through a Conservative party that is riddled with incompetents and remains delusional in its post Brexit in-fighting. But I wish him well, and hope he picks a team of technocrats rather than the party faithful and useless ideologues who littered the Johnson and Truss administrations.

Yet, it is notable that even within his own Conservative party there are those who do not wish Mr Sunak well. Some find it difficult to see his talents and focus – sometimes subtly, sometimes not so subtly – on his race. In one remarkable radio interview with (full disclosure) an excellent British presenter of Asian background, Sangita Myska, who is a former colleague and friend of mine, a caller insisted that Mr Sunak could not really understand "the English". The caller preferred Mr Johnson as in some way being more British. Mr Sunak was born in Britain. Mr Johnson was born in the US. Mr Sunak is not white. Mr Johnson is. You may wish to draw your own conclusions from these facts.

Mr Sunak also now inherits a disastrous economic and political situation. The Conservative party is riven by factions, stuck in the past, still insisting that Brexit has been (in Mr Johnson’s phrase) a "Titanic success". The Titanic, of course, sank when it hit the iceberg of reality. Post-Brexit Britain has done something similar. Mr Johnson’s style was to bluster about negotiating an "excellent" Brexit so Britain would "have our cake – and eat it". The reality is that there is no "cake". Instead, we have trade bottlenecks, new bureaucracies, and a British economy that is underperforming compared to other European countries.

The way we have ended up with our third prime minister in seven weeks and our fifth prime minister since the 2016 Brexit vote means – quite rightly – that the UK’s reputation for stable government has gone. Since 2016, the future of the UK has repeatedly been in the hands of a tiny self-selected group of people who happen to be members of the Conservative party.

They have tolerated Mr Johnson’s serial plotting and disloyalty to other leaders as well as his lying and dodgy dealings. Next month, Mr Johnson will hear many of his scandals and misjudgments reconsidered in a parliamentary investigation. Instead of returning to Downing Street, Mr Johnson – who has spent most of the past three months on holiday rather than doing any parliamentary work – will be forced to contemplate the results of his disgraceful behaviour, including his loss of two ethics advisers who found it impossible to work with him.

Mr Sunak, therefore, has the chance to change and rise above the Johnson years of serial plotting. Mr Johnson undermined his supposed friend, prime minister David Cameron, in 2016. In 2018, he undermined Mr Cameron’s successor, Theresa May. He even undermined himself due to his extraordinary ethical failures. Some conspiracy theorists believe he only supported Ms Truss because he saw how incompetent she was, and so when she inevitably failed he would have a chance at making a comeback.

In rejecting Mr Johnson, the Conservative party may finally have recognised that if they do what they’ve always done since Brexit, namely to give way to back-stairs plotters and ideologues, then they will not get what they have always got – power. They will, instead, face electoral oblivion, and deserve it. Mr Sunak needs to replace Mr Johnson’s crisis conservatism with competent conservatism. That means facing up to the reality of Brexit, and also the toxic legacy of Mr Johnson.

HWJN
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Haircare resolutions 2021

From Beirut and Amman to London and now Dubai, hairstylist George Massoud has seen the same mistakes made by customers all over the world. In the chair or at-home hair care, here are the resolutions he wishes his customers would make for the year ahead.

1. 'I will seek consultation from professionals'

You may know what you want, but are you sure it’s going to suit you? Haircare professionals can tell you what will work best with your skin tone, hair texture and lifestyle.

2. 'I will tell my hairdresser when I’m not happy'

Massoud says it’s better to offer constructive criticism to work on in the future. Your hairdresser will learn, and you may discover how to communicate exactly what you want more effectively the next time.

3. ‘I will treat my hair better out of the chair’

Damage control is a big part of most hairstylists’ work right now, but it can be avoided. Steer clear of over-colouring at home, try and pursue one hair brand at a time and never, ever use a straightener on still drying hair, pleads Massoud.

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

What are NFTs?

Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.

You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”

However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.

This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”

This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.

UAE currency: the story behind the money in your pockets
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RESULTS
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The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

UAE currency: the story behind the money in your pockets
While you're here
2021 World Triathlon Championship Series

May 15: Yokohama, Japan
June 5: Leeds, UK
June 24: Montreal, Canada
July 10: Hamburg, Germany
Aug 17-22: Edmonton, Canada (World Triathlon Championship Final)
Nov 5-6 : Abu Dhabi, UAE
Date TBC: Chengdu, China

The rules on fostering in the UAE

A foster couple or family must:

  • be Muslim, Emirati and be residing in the UAE
  • not be younger than 25 years old
  • not have been convicted of offences or crimes involving moral turpitude
  • be free of infectious diseases or psychological and mental disorders
  • have the ability to support its members and the foster child financially
  • undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
  • A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially
Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

The specs: 2018 Nissan 370Z Nismo

The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
​​​​​​​Fuel consumption, combined: 10.5L / 100km

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
Updated: October 25, 2022, 5:29 PM