Russian diplomacy has given the impression of remaining on the sidelines of the Israel-Gaza war. The Kremlin has so far stuck to its usual statements, in line with its historic support for the Palestinian cause and its condemnation of Israeli policy in the Occupied Territories, going so far in October last year as to compare the blockade of Gaza to the siege of Leningrad by Nazi troops.
In addition, Russian President Vladimir Putin waited several days before calling Israeli Prime Minister Benjamin Netanyahu to express his condolences after the October 7 attacks. Not only was Russian condemnation of Hamas never unequivocal, the group sent a delegation to Moscow for talks within a month of the crisis beginning.
This diplomatic position may appear to be pro-Palestinian and anti-Israeli, but it is far more nuanced than it appears. Russia’s main concern, like that of the US, has been to prevent a general conflagration in the Middle East. This explains why Moscow, like Washington, has repeatedly called for calm.
Since January 18, Russian and Syrian aircraft have been patrolling the occupied Golan Heights, above the Bravo Line that separates Syrian territory from that occupied by the Israeli army. The message from Moscow appears twofold.
First, it could be seen as a gesture to the regime in Damascus – a reminder of Russian loyalty in a time of great instability. Second, it could be a message to Russia’s Iranian ally, whose armed groups have been active along the Abu Kamal-Al Mayadeen-Deir Ezzor axis. Moscow is keen to keep a close eye on the activities of these groups and prevent them from getting out of control. Russian forces in Syria have set up several checkpoints on the outskirts of the Golan Heights, in the area around Al Quneitra. The aim is to monitor developments on the Israeli border and act as a de facto buffer.
The Kremlin is banking on the erosion of America’s influence in the region
Russia’s policy is based on managing complexity. In the case of Gaza, it must manage two contradictory dossiers: the Palestinian territories, where old-timers remember the erstwhile USSR’s support for the Palestine Liberation Organisation during the Yasser Arafat years, and Israel, a country of emigration for Ashkenazi Jews and a rival power to Syria.
Moscow knows that it cannot propose itself as a sponsor of a peace process, at least not right now. Rather, it is banking on the erosion of America’s influence in the region. Some Russian strategists, notably Timofey Bordachev of the Valdai Discussion Club, a Moscow-based think tank, foresee a US strategic failure because of its domineering behaviour as well as its unwavering support for Israel, and worse, its inability to rein in the Israeli government’s military operation in Gaza.
Even as the US and Britain launched air strikes against the Houthis in Yemen, Russia proposed an alternative route along its Arctic coast to offset the risk of a Red Sea blockade. Last month, Russian diplomacy opened the way for talks involving Iran, Turkey and Lebanon to resolve the Middle East conflict, including an attempt to curb clashes between Hezbollah and the Israeli army. Paradoxically, if these talks are successful, Israel may welcome a cessation of hostilities on that front.
Moreover, Russian diplomacy has insisted on maintaining the timetable for the Astana Process talks, which enable Moscow to bring together the warring parties in the Syrian conflict without western presence. Even though the last round of talks – in Nur Sultan, the Kazakh capital, last month – achieved little beyond condemning the Israeli operation in Gaza, the process has the merit of existing at a time when its UN counterpart has virtually ground to a halt.
As one of the first consequences of the war in Gaza, the unity of the Arab League and the Organisation of Islamic Co-operation was renewed at a summit in Riyadh last November. Even the countries with the deepest reservations about Iran’s support for Hamas expressed their solidarity with the Palestinian people. It won’t be surprising if the unanimous rejection of Israel’s military response was interpreted in Moscow as a rejection of the US-Israel tandem.
The Kremlin makes no secret of its aim: it seeks the closure of US bases in the Middle East and the roll-back of Washington’s influence in the region. There is little doubt that Russian diplomats will be closely following the talks between Washington and Baghdad about the complete withdrawal of US forces from Iraq. The future of the Abraham Accords will also be closely monitored, particularly on how they hold up in the aftermath of the Gaza war.
For now, Arab perceptions of Moscow’s diplomacy, especially its relationship with Tehran, remain nuanced. There are questions about the solidity – real or perceived – of the alliance between Russia and Iran, with Tehran-backed militias continuing to conduct operations against Israel. The Emirates Policy Centre, for instance, notes that Moscow-Tehran relations have been stormy in the past. Even today, ideological differences remain, as Russia rejects calls for the “total annihilation of the state of Israel”.
There is also a perception that this is an open diplomatic game. If we were to compare Moscow to a chess player, we’d say that it is making one move at a time, without haste, as it continues to expand its influence in dealing with Iran, Israel and key Arab powers, as well as in Syria.
Meanwhile, its actions at the UN Security Council are indicative of its ability to manoeuvre.
On January 10, when the US introduced Resolution 2722 to attack Houthi infrastructure, Russia did not veto it. It was clear that the air operations that were about to begin would create a negative image of western “policing” of commercial interests in the Red Sea throughout the Arab world. The West could not have remained inactive in the face of the Houthi attacks, and Russia could not have been seen to take advantage of the situation.
It is said that chess is the art of thinking ahead and anticipating the opponent’s next move. When it comes to Moscow’s Gaza and Middle East policy, an old Russian proverb sums it up best: “The slower you drive, the further you go.”
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
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
Company%20profile
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A Prayer Before Dawn
Director: Jean-Stephane Sauvaire
Starring: Joe Cole, Somluck Kamsing, Panya Yimmumphai
Three stars
2025 Fifa Club World Cup groups
Group A: Palmeiras, Porto, Al Ahly, Inter Miami.
Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.
Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.
Group D: Flamengo, ES Tunis, Chelsea, Leon.
Group E: River Plate, Urawa, Monterrey, Inter Milan.
Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.
Group G: Manchester City, Wydad, Al Ain, Juventus.
Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.
If you go...
Fly from Dubai or Abu Dhabi to Chiang Mai in Thailand, via Bangkok, before taking a five-hour bus ride across the Laos border to Huay Xai. The land border crossing at Huay Xai is a well-trodden route, meaning entry is swift, though travellers should be aware of visa requirements for both countries.
Flights from Dubai start at Dh4,000 return with Emirates, while Etihad flights from Abu Dhabi start at Dh2,000. Local buses can be booked in Chiang Mai from around Dh50
RedCrow Intelligence Company Profile
Started: 2016
Founders: Hussein Nasser Eddin, Laila Akel, Tayeb Akel
Based: Ramallah, Palestine
Sector: Technology, Security
# of staff: 13
Investment: $745,000
Investors: Palestine’s Ibtikar Fund, Abu Dhabi’s Gothams and angel investors
The specs
Engine: 4.0-litre V8 twin-turbocharged and three electric motors
Power: Combined output 920hp
Torque: 730Nm at 4,000-7,000rpm
Transmission: 8-speed dual-clutch automatic
Fuel consumption: 11.2L/100km
On sale: Now, deliveries expected later in 2025
Price: expected to start at Dh1,432,000
EMIRATES'S%20REVISED%20A350%20DEPLOYMENT%20SCHEDULE
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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.”
More from Rashmee Roshan Lall
Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants
Info
What: 11th edition of the Mubadala World Tennis Championship
When: December 27-29, 2018
Confirmed: men: Novak Djokovic, Rafael Nadal, Kevin Anderson, Dominic Thiem, Hyeon Chung, Karen Khachanov; women: Venus Williams
Tickets: www.ticketmaster.ae, Virgin megastores or call 800 86 823
TEACHERS' PAY - WHAT YOU NEED TO KNOW
Pay varies significantly depending on the school, its rating and the curriculum. Here's a rough guide as of January 2021:
- top end schools tend to pay Dh16,000-17,000 a month - plus a monthly housing allowance of up to Dh6,000. These tend to be British curriculum schools rated 'outstanding' or 'very good', followed by American schools
- average salary across curriculums and skill levels is about Dh10,000, recruiters say
- it is becoming more common for schools to provide accommodation, sometimes in an apartment block with other teachers, rather than hand teachers a cash housing allowance
- some strong performing schools have cut back on salaries since the pandemic began, sometimes offering Dh16,000 including the housing allowance, which reflects the slump in rental costs, and sheer demand for jobs
- maths and science teachers are most in demand and some schools will pay up to Dh3,000 more than other teachers in recognition of their technical skills
- at the other end of the market, teachers in some Indian schools, where fees are lower and competition among applicants is intense, can be paid as low as Dh3,000 per month
- in Indian schools, it has also become common for teachers to share residential accommodation, living in a block with colleagues
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
Tips for newlyweds to better manage finances
All couples are unique and have to create a financial blueprint that is most suitable for their relationship, says Vijay Valecha, chief investment officer at Century Financial. He offers his top five tips for couples to better manage their finances.
Discuss your assets and debts: When married, it’s important to understand each other’s personal financial situation. It’s necessary to know upfront what each party brings to the table, as debts and assets affect spending habits and joint loan qualifications. Discussing all aspects of their finances as a couple prevents anyone from being blindsided later.
Decide on the financial/saving goals: Spouses should independently list their top goals and share their lists with one another to shape a joint plan. Writing down clear goals will help them determine how much to save each month, how much to put aside for short-term goals, and how they will reach their long-term financial goals.
Set a budget: A budget can keep the couple be mindful of their income and expenses. With a monthly budget, couples will know exactly how much they can spend in a category each month, how much they have to work with and what spending areas need to be evaluated.
Decide who manages what: When it comes to handling finances, it’s a good idea to decide who manages what. For example, one person might take on the day-to-day bills, while the other tackles long-term investments and retirement plans.
Money date nights: Talking about money should be a healthy, ongoing conversation and couples should not wait for something to go wrong. They should set time aside every month to talk about future financial decisions and see the progress they’ve made together towards accomplishing their goals.
EXPATS
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COMPANY%20PROFILE%20
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MATCH INFO
Champions League quarter-final, first leg
Tottenham Hotspur v Manchester City, Tuesday, 11pm (UAE)
Matches can be watched on BeIN Sports
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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
How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
Banned items
Dubai Police has also issued a list of banned items at the ground on Sunday. These include:
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Political flags or banners
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Bikes, skateboards or scooters
Jetour T1 specs
Engine: 2-litre turbocharged
Power: 254hp
Torque: 390Nm
Price: From Dh126,000
Available: Now