Russian President Vladimir Putin is looking to rebuild his country's military after enduring setbacks in 2022. AP Photo
Russian President Vladimir Putin is looking to rebuild his country's military after enduring setbacks in 2022. AP Photo
Russian President Vladimir Putin is looking to rebuild his country's military after enduring setbacks in 2022. AP Photo
Russian President Vladimir Putin is looking to rebuild his country's military after enduring setbacks in 2022. AP Photo


Will 2023 prove to be a seismic year for Russia and Iran?


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December 25, 2022

Among those who were betrayed by their luck in 2022 is Russian President Vladimir Putin, whose "special military operation" in Ukraine exposed the structural cracks in the Russian military – which Mr Putin today seeks to reassemble as if no war is taking place.

Ayatollah Ali Khamenei, Iran's supreme leader, and his Islamic Revolutionary Guard Corps have also seen their luck and prestige diminish greatly, after the regime showed intransigence in the nuclear talks, in the response to popular protests, and in its wager on strategic relations with Russia and China.

The winners in 2022 are the courageous women of Iran, who have been able to bring about a shift in US and European policies that had been too lenient with the regime. More importantly, these women have been able to mobilise an unprecedented protest movement that has not staked its bets on foreign support, but on the unwavering Iranian people. They have forced capitals around the world to reassess their calculations.

Two scenes in Moscow and Washington over the space of a few days last week carried military implications that could have a decisive impact in the war.

At a time when Mr Putin was criticising the Russian military over its failures, Ukrainian President Volodymyr Zelenskyy was presenting to the US Congress, where he delivered a speech, a huge Ukrainian flag signed by soldiers. He also gave a Ukrainian soldier's medal to US President Joe Biden.

Mr Zelenskyy’s survival represents one of the biggest setbacks for the Kremlin, which had calculated that his removal from power would be straightforward. Some might argue that Mr Zelenskyy is not the shrewdest leader, having given Ukraine to Nato as ammunition in its conflict with Russia. What matters, however, is that he has this far succeeded in the political and media war.

Mr Putin’s speech to the Russian Ministry of Defence revived memories his speech to the brass a year ago, when he effectively announced his intention to invade Ukraine believing Nato would ultimately yield to his demands. But by doing so, he limited his options.

Ukrainian President Volodymyr Zelenskyy had a productive trip to the US. AP Photo
Ukrainian President Volodymyr Zelenskyy had a productive trip to the US. AP Photo
Western preparations could be afoot to redraw the map of the international order without Russia

This year, he pledged to maintain nuclear deterrence and increase combat readiness of his nuclear forces, and to equip the strategic forces with modern weaponry. He indicated that the special military operation would continue until it achieved its goal. He intends to increase the size of Russia’s forces next year to nearly 1.5 million troops. He also made it clear that there was no room for negotiations.

Mr Biden, meanwhile, also signalled the door was closed to US-Russia talks on Ukraine. This is an achievement for Mr Zelenskyy, who is categorically opposed to allowing the US and Russia to determine Ukraine's fate. Mr Zelenskyy also secured the delivery of the US Patriot missile systems that the Kremlin deemed to be an escalation of the war and a direct US intervention. As one military expert put it, Mr Biden has achieved the dream of US generals to test and use the missiles against Russia.

Mr Zelenskyy also secured Mr Biden's support for a peace conference early next year, bringing together the coalition of Ukraine’s backers. One Russian expert compared this proposed meeting to the Tehran Conference of 1943, when the Allied Forces forged a consensus to open a second front against Nazi Germany and drew up a map of post-war coexistence among the winning powers, except now Russia was being excluded.

In other words, western preparations could be afoot to redraw the map of the international order without Russia. The process to exclude it had already begun, from global sports events such as the Qatar World Cup and the Paris 2024 Olympics, and from international summits such as the Munich Security Conference.

Around this time last year, I had argued in these pages that a Russia-West confrontation was inevitable, after Mr Putin had demanded that Nato provide written guarantees on Ukraine. The question of who lured whom into the conflict matters less a year later.

The war isn’t over. Russia hasn't been defeated yet, but it could yet be, and this notion until recently was considered impossible. Even China has not rushed to Russia’s side.

  • A demonstrator at a protest in support of Iranian women after the death of Mahsa Amini, near the Iranian consulate in Istanbul, Turkey, on November 7. Reuters
    A demonstrator at a protest in support of Iranian women after the death of Mahsa Amini, near the Iranian consulate in Istanbul, Turkey, on November 7. Reuters
  • An image grab from a video posted on November 7 shows a mounted police unit patrolling in the Sadeghiyeh district of Iran's capital Tehran. AFP
    An image grab from a video posted on November 7 shows a mounted police unit patrolling in the Sadeghiyeh district of Iran's capital Tehran. AFP
  • A woman's hand pictured during a freedom rally for Iranian women, in Bern, Switzerland. EPA
    A woman's hand pictured during a freedom rally for Iranian women, in Bern, Switzerland. EPA
  • Swiss National Council member Flavia Wasserfallen, of the Social Democratic Party, cuts her hair in solidarity with Iranian women at the freedom rally in Bern. EPA
    Swiss National Council member Flavia Wasserfallen, of the Social Democratic Party, cuts her hair in solidarity with Iranian women at the freedom rally in Bern. EPA
  • Demonstrators protest in support of Iranian women and against the death of Mahsa Amini near the Iranian consulate in Istanbul, Turkey. Reuters
    Demonstrators protest in support of Iranian women and against the death of Mahsa Amini near the Iranian consulate in Istanbul, Turkey. Reuters
  • Members of the Iranian community living in Turkey protest near the Iranian consulate in Istanbul. Reuters
    Members of the Iranian community living in Turkey protest near the Iranian consulate in Istanbul. Reuters
  • A woman attends a protest against the death of Mahsa Amini in Rome, Italy, on October 29. AP Photo
    A woman attends a protest against the death of Mahsa Amini in Rome, Italy, on October 29. AP Photo
  • Protesters in Istanbul near the Iranian consulate. Reuters
    Protesters in Istanbul near the Iranian consulate. Reuters

Iran, on the other hand, has linked its fate to that of Russia. Today, its drones are being used in Russia’s war, with all the adversity this entails in terms of European-Iranian relations and the US's willingness to revive the nuclear agreement with Tehran. The regime has precluded a new deal despite its investment in it to get rid of sanctions, and launch efforts for economic recovery and expansion of its regional influence through militias it backs in Iraq, Syria, Lebanon and Yemen.

The Iran nuclear deal is dead, yet it remains a dream for some European leaders. The Biden administration is frustrated by the use of Iranian drones in Ukraine, for which American and European firms may have supplied crucial parts, most likely inadvertently, yet in a manner that has caused embarrassment to Washington. The Biden administration is also troubled by the regime’s crackdown on young women and men in recent months.

A year ago, Mr Biden himself enthusiastically determined to reverse his predecessor Donald Trump’s withdrawal from the nuclear agreement that Barack Obama signed in 2018. Today, the same Mr Biden is determined to block pleas from the European states still seeking to revive the deal.

Indeed, the Europeans are still engaging Tehran behind the scenes for nuclear, oil and even emotional reasons. They feel they have invested too much in the talks and still believe in the validity of their draft proposal for a new deal. Some are still trying to extract positions from Iran that can help avert closing the door completely, such as an Iranian recognition of Ukraine’s territorial integrity.

But Mr Biden is insistent on his position. He has understood that Tehran was never honest in its claim it was ready to place its nuclear programme under transparent monitoring. He has understood that his administration had been wrong to wield to Tehran’s diktats of excluding its regional behaviour and ballistic missile programme from the nuclear negotiations.

Iran’s women are the ones to awaken the Biden administration, not just the Iranian drones and missiles in Ukraine. Yet, none of this constitutes a policy. What the US must do is to build on recent steps to repair relations with the Arab Gulf countries and be vigilant about the IRGC’s infiltration of a number of fragile Arab states.

While one can put Gulf countries among the winners of 2022, the countries of the Arab Levant are in dire straits, hostage to the decisions of the Iranian regime and its Persian project, though this may have now started to crumble.

2023 may, therefore, be the year for decisive conclusions for the states whose leaders thought arrogance is the key to greatness.

The low down

Producers: Uniglobe Entertainment & Vision Films

Director: Namrata Singh Gujral

Cast: Rajkummar Rao, Nargis Fakhri, Bo Derek, Candy Clark

Rating: 2/5

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.”

McLaren GT specs

Engine: 4-litre twin-turbo V8

Transmission: seven-speed

Power: 620bhp

Torque: 630Nm

Price: Dh875,000

On sale: now

How to help

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Six things you need to know about UAE Women’s Special Olympics football team

Several girls started playing football at age four

They describe sport as their passion

The girls don’t dwell on their condition

They just say they may need to work a little harder than others

When not in training, they play football with their brothers and sisters

The girls want to inspire others to join the UAE Special Olympics teams

8 traditional Jamaican dishes to try at Kingston 21

  1. Trench Town Rock: Jamaican-style curry goat served in a pastry basket with a carrot and potato garnish
  2. Rock Steady Jerk Chicken: chicken marinated for 24 hours and slow-cooked on the grill
  3. Mento Oxtail: flavoured oxtail stewed for five hours with herbs
  4. Ackee and salt fish: the national dish of Jamaica makes for a hearty breakfast
  5. Jamaican porridge: another breakfast favourite, can be made with peanut, cornmeal, banana and plantain
  6. Jamaican beef patty: a pastry with ground beef filling
  7. Hellshire Pon di Beach: Fresh fish with pickles
  8. Out of Many: traditional sweet potato pudding

Challenge Cup result:

1. UAE 3 faults
2. Ireland 9 faults
3. Brazil 11 faults
4. Spain 15 faults
5. Great Britain 17 faults
6. New Zealand 20 faults
7. Italy 26 faults

UAE squad

Esha Oza (captain), Al Maseera Jahangir, Emily Thomas, Heena Hotchandani, Indhuja Nandakumar, Katie Thompson, Lavanya Keny, Mehak Thakur, Michelle Botha, Rinitha Rajith, Samaira Dharnidharka, Siya Gokhale, Sashikala Silva, Suraksha Kotte, Theertha Satish (wicketkeeper) Udeni Kuruppuarachchige, Vaishnave Mahesh.

UAE tour of Zimbabwe

All matches in Bulawayo
Friday, Sept 26 – First ODI
Sunday, Sept 28 – Second ODI
Tuesday, Sept 30 – Third ODI
Thursday, Oct 2 – Fourth ODI
Sunday, Oct 5 – First T20I
Monday, Oct 6 – Second T20I

Indoor Cricket World Cup - Sept 16-20, Insportz, Dubai

Dubai World Cup nominations

UAE: Thunder Snow/Saeed bin Suroor (trainer), North America/Satish Seemar, Drafted/Doug Watson, New Trails/Ahmad bin Harmash, Capezzano, Gronkowski, Axelrod, all trained by Salem bin Ghadayer

USA: Seeking The Soul/Dallas Stewart, Imperial Hunt/Luis Carvajal Jr, Audible/Todd Pletcher, Roy H/Peter Miller, Yoshida/William Mott, Promises Fulfilled/Dale Romans, Gunnevera/Antonio Sano, XY Jet/Jorge Navarro, Pavel/Doug O’Neill, Switzerland/Steve Asmussen.

Japan: Matera Sky/Hideyuki Mori, KT Brace/Haruki Sugiyama. Bahrain: Nine Below Zero/Fawzi Nass. Ireland: Tato Key/David Marnane. Hong Kong: Fight Hero/Me Tsui. South Korea: Dolkong/Simon Foster.

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

UAE%20SQUAD
%3Cp%3E%0D%3Cstrong%3EMen%3A%3C%2Fstrong%3E%20Saif%20Al%20Zaabi%2C%20Salem%20Al%20Marzooqi%2C%20Zayed%20Al%20Ansaari%2C%20Saud%20Abdulaziz%20Rahmatalla%2C%20Adel%20Shanbih%2C%20Ahmed%20Khamis%20Al%20Blooshi%2C%20Abdalla%20Al%20Naqbi%2C%20Khaled%20Al%20Hammadi%2C%20Mohammed%20Khamis%20Khalaf%2C%20Mohammad%20Fahad%2C%20Abdulla%20Al%20Arimi.%0D%3Cbr%3E%3Cstrong%3EWomen%3A%3C%2Fstrong%3E%20Mozah%20Al%20Zeyoudi%2C%20Haifa%20Al%20Naqbi%2C%20Ayesha%20Al%20Mutaiwei.%3C%2Fp%3E%0A
Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

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 

Overall standings

1. Christopher Froome (GBR/Sky) 68hr 18min 36sec,

2. Fabio Aru (ITA/AST) at 0:18.

3. Romain Bardet (FRA/ALM) 0:23.

4. Rigoberto Uran (COL/CAN) 0:29.

5. Mikel Landa (ESP/SKY) 1:17.

Fifa Club World Cup quarter-final

Esperance de Tunis 0
Al Ain 3
(Ahmed 02’, El Shahat 17’, Al Ahbabi 60’)

THREE POSSIBLE REPLACEMENTS

Khalfan Mubarak
The Al Jazira playmaker has for some time been tipped for stardom within UAE football, with Quique Sanchez Flores, his former manager at Al Ahli, once labelling him a “genius”. He was only 17. Now 23, Mubarak has developed into a crafty supplier of chances, evidenced by his seven assists in six league matches this season. Still to display his class at international level, though.

Rayan Yaslam
The Al Ain attacking midfielder has become a regular starter for his club in the past 15 months. Yaslam, 23, is a tidy and intelligent player, technically proficient with an eye for opening up defences. Developed while alongside Abdulrahman in the Al Ain first-team and has progressed well since manager Zoran Mamic’s arrival. However, made his UAE debut only last December.

Ismail Matar
The Al Wahda forward is revered by teammates and a key contributor to the squad. At 35, his best days are behind him, but Matar is incredibly experienced and an example to his colleagues. His ability to cope with tournament football is a concern, though, despite Matar beginning the season well. Not a like-for-like replacement, although the system could be adjusted to suit.

Updated: December 25, 2022, 3:19 PM