Washington's refusal to call for a permanent end to the war in Gaza is chipping away at US credibility on the global stage.
The Biden administration insists it is pushing Israel to reduce civilian casualties in the Gaza Strip, while at the same time supplying Israeli military with some of the bombs it is using to destroy much of the tiny Palestinian enclave.
The jarring disconnect was on painful display at the weekend at the Munich Security Conference, where Vice President Kamala Harris and Secretary of State Antony Blinken went to reassure jittery allies of America's determination to defend the “rules-based” international order it has underwritten since the end of the Second World War.
“We are committed to pursue global engagement, to uphold international rules and norms, to defend democratic allies at home and abroad and to work with our allies and partners in pursuit of shared goals,” Ms Harris told a rapt audience.
She also spoke of how the Biden administration had re-established America’s place on the world stage after four wobbly years of Donald Trump pandering to dictators and blasting allies.
Under President Joe Biden, she argued, Nato's resolve is stronger than ever in the wake of the Russia’s invasion of Ukraine.
But even as the US seeks to assert its leadership role, Republicans are withholding extra money for Ukraine. It is entirely possible Kyiv will lose the war because conservatives in Washington don't want to hand Mr Biden a win in an election year.
And when it comes to Gaza, Washington's stubborn stance underscores another mixed message.
Local health authorities say the death toll since the war began after the Hamas attacks on Israel on October 7 has now surpassed 29,000.
While Mr Biden has said Israel's reaction in Gaza has been “over the top”, nothing has changed his “unwavering” support of Israel, and the US is set to veto a UN Security Council resolution put forward by Algeria on Tuesday calling for an immediate humanitarian ceasefire.
The US is now proposing a separate resolution that would endorse “a temporary ceasefire in Gaza as soon as practicable”, according to the text seen The National.
The vagueness appears out of step with global calls for an immediate stop to the bloodshed.
Mr Blinken said the administration is working “24 hours a day” to try to come to a solution, but he failed to explain how he sees it materialising.
Meanwhile, Chinese Foreign Minister Wang Yi made clear that Beijing wants an immediate ceasefire and an “accelerated state of Palestine”.
Mr Wang’s speech, which took place immediately before Mr Blinken took the stage with the foreign ministers of India and Germany, made clear that China sees itself in the same realm as the US and as a leading voice for “stability” in the world.
His stance on the Israel-Gaza war is a striking and important divergence from the US.
As the death toll in Gaza continues to rise, and with the Israelis now preparing for a military operation in Rafah, the last place of refuge for more than 1.4 million Palestinians who have already fled their homes elsewhere in the enclave, frustration with Washington’s unyielding stance appears to be growing.
At home, protesters have been interrupting Mr Biden’s speeches, while abroad more and more countries believe the time for ceasefire has come. The road outside Mr Blinken's home is being sprayed with fake blood and an encampment of demonstrators is on standby to heckle him as he leaves the house.
The US, the biggest supporter of Israel’s war efforts, holds billions of dollars of leverage that it appears unwilling to use. Instead, it is trying to massage Israel into reducing civilian casualties and allowing more humanitarian aid into the strip.
It hasn't been working.
'Speed dating' for diplomats
America, despite attracting growing criticism at home and abroad over its stance on Israel, is still at the peak of global power.
At the recent Munich Security Conference, the delegation set up shop on the second floor of the historic Bayerischer Hof Hotel, in the heart of the city.
Two floors below them, the conference was in full swing, with world leaders trading places at the podium inside the grand ballroom to discuss today's most pressing issues, chief among them the wars in Gaza and Ukraine.
While Ms Harris and Mr Blinken were among those who shared their countries' visions, it was the work being done on the second floor that demonstrated America's still unmatched role in the world.
Throughout the conference, a seemingly never-ending procession of diplomats and politicians from across the globe made their way up the hotel’s spiral staircase to a constellation of US officials, which included Mr Blinken, Homeland Security Secretary Alejandro Mayorkas and a number of US congressmen and senators.
Mr Blinken called the annual security conference “speed dating for diplomats”. Indeed, a dizzying number of interactions and meetings took place over the three-day event, the brevity of some leaving one to question just how productive they could have really been.
Mr Blinken held more than a dozen meetings over the course of Friday and Saturday including with Israeli President Isaac Herzog, new French Foreign Minister Stephane Sejourne, with Mr Wang and the heads of Armenia and Azerbaijan.
Given this background and the obvious clout the US has, Washington’s refusal to pressure Israel to stop the killing in Gaza feels like more and more of an abdication of responsibility.
While it’s clear that the US remains the great power of our time, its failure to call for a ceasefire is deafening.
Munich Security Conference – in pictures
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What is the FNC?
The Federal National Council is one of five federal authorities established by the UAE constitution. It held its first session on December 2, 1972, a year to the day after Federation.
It has 40 members, eight of whom are women. The members represent the UAE population through each of the emirates. Abu Dhabi and Dubai have eight members each, Sharjah and Ras al Khaimah six, and Ajman, Fujairah and Umm Al Quwain have four.
They bring Emirati issues to the council for debate and put those concerns to ministers summoned for questioning.
The FNC’s main functions include passing, amending or rejecting federal draft laws, discussing international treaties and agreements, and offering recommendations on general subjects raised during sessions.
Federal draft laws must first pass through the FNC for recommendations when members can amend the laws to suit the needs of citizens. The draft laws are then forwarded to the Cabinet for consideration and approval.
Since 2006, half of the members have been elected by UAE citizens to serve four-year terms and the other half are appointed by the Ruler’s Courts of the seven emirates.
In the 2015 elections, 78 of the 252 candidates were women. Women also represented 48 per cent of all voters and 67 per cent of the voters were under the age of 40.
Results
2pm: Serve U – Maiden (TB) Dh60,000 (Dirt) 1,400m; Winner: Violent Justice, Pat Dobbs (jockey), Doug Watson (trainer)
2.30pm: Al Shafar Investment – Conditions (TB) Dh100,000 (D) 1,400m; Winner: Desert Wisdom, Bernardo Pinheiro, Ahmed Al Shemaili
3pm: Commercial Bank of Dubai – Handicap (TB) Dh68,000 (D) 1,200m; Winner: Fawaareq, Sam Hitchcott, Doug Watson
3.30pm: Shadwell – Rated Conditions (TB) Dh100,000 (D) 1,600m; Winner: Down On Da Bayou, Xavier Ziani, Salem bin Ghadayer
4pm: Dubai Real Estate Centre – Maiden (TB) Dh60,000 (D) 1,600m; Winner: Rakeez, Patrick Cosgrave, Bhupat Seemar
4.30pm: Al Redha Insurance Brokers – Handicap (TB) Dh78,000 (D) 1,800m; Winner: Capla Crusader, Bernardo Pinheiro, Rashed Bouresly
Coal Black Mornings
Brett Anderson
Little Brown Book Group
Pakistan squad
Sarfraz (c), Zaman, Imam, Masood, Azam, Malik, Asif, Sohail, Shadab, Nawaz, Ashraf, Hasan, Amir, Junaid, Shinwari and Afridi
Results
5pm: Wathba Stallions Cup Maiden (PA) Dh 70,000 (Dirt) 1,000m, Winner: Hazeem Al Raed, Antonio Fresu (jockey), Ahmed Al Shemaili (trainer)
5.30pm: Handicap (PA) Dh 85,000 (D) 1,000m, Winner: Ghazwan Al Khalediah, Hugo Lebouc, Helal Al Alawi
6pm: Maiden (PA) Dh 70,000 (D) 1,400m, Winner: Dinar Al Khalediah, Patrick Cosgrave, Helal Al Alawi.
6.30pm: Handicap (TB) Dh 70,000 (D) 1,600m, Winner: Faith And Fortune, Sandro Paiva, Ali Rashid Al Raihe.
7pm: Maiden (PA) Dh 70,000 (D) 1,600m, Winner: Only Smoke, Bernardo Pinheiro, Abdallah Al Hammadi.
7.30pm: Handicap (PA) Dh 70,000 (D) 1,600m, Winner: AF Ramz, Saif Al Balushi, Khalifa Al Neyadi.
8pm: Maiden (PA) Dh 70,000 (D) 2,000m, Winner: AF Mass, Tadhg O’Shea, Ernst Oertel.
Sinopharm vaccine explained
The Sinopharm vaccine was created using techniques that have been around for decades.
“This is an inactivated vaccine. Simply what it means is that the virus is taken, cultured and inactivated," said Dr Nawal Al Kaabi, chair of the UAE's National Covid-19 Clinical Management Committee.
"What is left is a skeleton of the virus so it looks like a virus, but it is not live."
This is then injected into the body.
"The body will recognise it and form antibodies but because it is inactive, we will need more than one dose. The body will not develop immunity with one dose," she said.
"You have to be exposed more than one time to what we call the antigen."
The vaccine should offer protection for at least months, but no one knows how long beyond that.
Dr Al Kaabi said early vaccine volunteers in China were given shots last spring and still have antibodies today.
“Since it is inactivated, it will not last forever," she said.
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
2019 ASIA CUP POTS
Pot 1
UAE, Iran, Australia, Japan, South Korea, Saudi Arabia
Pot 2
China, Syria, Uzbekistan, Iraq, Qatar, Thailand
Pot 3
Kyrgyzstan, Lebanon, Palestine, Oman, India, Vietnam
Pot 4
North Korea, Philippines, Bahrain, Jordan, Yemen, Turkmenistan
COMPANY%20PROFILE
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Top financial tips for graduates
Araminta Robertson, of the Financially Mint blog, shares her financial advice for university leavers:
1. Build digital or technical skills: After graduation, people can find it extremely hard to find jobs. From programming to digital marketing, your early twenties are for building skills. Future employers will want people with tech skills.
2. Side hustle: At 16, I lived in a village and started teaching online, as well as doing work as a virtual assistant and marketer. There are six skills you can use online: translation; teaching; programming; digital marketing; design and writing. If you master two, you’ll always be able to make money.
3. Networking: Knowing how to make connections is extremely useful. Use LinkedIn to find people who have the job you want, connect and ask to meet for coffee. Ask how they did it and if they know anyone who can help you. I secured quite a few clients this way.
4. Pay yourself first: The minute you receive any income, put about 15 per cent aside into a savings account you won’t touch, to go towards your emergency fund or to start investing. I do 20 per cent. It helped me start saving immediately.
Company%20profile
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Skoda Superb Specs
Engine: 2-litre TSI petrol
Power: 190hp
Torque: 320Nm
Price: From Dh147,000
Available: Now
The Limehouse Golem
Director: Juan Carlos Medina
Cast: Olivia Cooke, Bill Nighy, Douglas Booth
Three stars
COMPANY%20PROFILE
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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.”
In numbers
Number of Chinese tourists coming to UAE in 2017 was... 1.3m
Alibaba’s new ‘Tech Town’ in Dubai is worth... $600m
China’s investment in the MIddle East in 2016 was... $29.5bn
The world’s most valuable start-up in 2018, TikTok, is valued at... $75bn
Boost to the UAE economy of 5G connectivity will be... $269bn
PRO BASH
Thursday’s fixtures
6pm: Hyderabad Nawabs v Pakhtoon Warriors
10pm: Lahore Sikandars v Pakhtoon Blasters
Teams
Chennai Knights, Lahore Sikandars, Pakhtoon Blasters, Abu Dhabi Stars, Abu Dhabi Dragons, Pakhtoon Warriors and Hyderabad Nawabs.
Squad rules
All teams consist of 15-player squads that include those contracted in the diamond (3), platinum (2) and gold (2) categories, plus eight free to sign team members.
Tournament rules
The matches are of 25 over-a-side with an 8-over power play in which only two fielders allowed outside the 30-yard circle. Teams play in a single round robin league followed by the semi-finals and final. The league toppers will feature in the semi-final eliminator.
Abu Dhabi Sustainability Week
'Munich: The Edge of War'
Director: Christian Schwochow
Starring: George MacKay, Jannis Niewohner, Jeremy Irons
Rating: 3/5