All of the early indications from US President Joe Biden suggest that, in his desire to revive a nuclear deal with Iran, he intends to adopt a far more robust approach to dealing with Tehran than his Democratic Party predecessor, Barack Obama.
One of the more pertinent criticisms of the original deal that Mr Obama helped to negotiate in 2015 is that, in his haste to secure his legacy as a peacemaker, the former president was prepared to make too many concessions to Tehran, such as allowing it to continue work on developing missiles capable of carrying nuclear weapons and failing to curb the malign influence of its proxies on the region.
Iranian negotiators are extremely adept at spotting any weakness in their opponent’s bargaining position, and invariably succeed in exploiting the situation to their advantage, which is what happened with the Obama-era deal. That is one of the reasons that the administration of former president Donald Trump took its controversial decision to withdraw from the agreement in 2018.
Consequently, Mr Biden’s comments last weekend that Washington will not lift its economic sanctions on Iran unless the regime first ceased its controversial nuclear enrichment activities suggest the new US President is preparing to take a tougher line.
Addressing Iran's proxies is just as important as limiting its nuclear programme
In an interview with CBS news on the eve of the Super Bowl, Mr Biden, when asked if the US intended to lift sanctions first in order to get Iran back to the negotiating table, replied with a simple “No”.
Since the end of last year, when Iran’s leading nuclear scientist, Mohsen Fakhrizadeh, was assassinated in a sophisticated plot suspected to be the work of Israel’s intelligence service, Iran has been seeking to intensify the pressure on Washington by increasing its nuclear activities in breach of its nuclear deal commitments. Earlier this week, the International Atomic Energy Agency head, Rafael Grossi, told UN member states that inspectors have confirmed that Iran produced 3.6 grams of uranium metal at its Isfahan plant, once again in violation of the 2015 nuclear deal. This follows Tehran’s recent announcement that it is aiming to enrich uranium close to the level required for production of weapons-grade material.
Many observers believe that Iran’s increasingly defiant conduct on the nuclear front is a blatant attempt to blackmail the new Biden administration into rejoining the nuclear deal, which makes Mr Biden’s suggestion that he intends to take a hard line with Tehran all the more laudable. After all, as Mr Obama’s vice president, Mr Biden had a ringside view of the dubious negotiating tactics Iran deployed during the tortuous process that resulted in the 2015 deal.
But while Mr Biden is adopting a firm stance on Iran’s blatant violations of that agreement, some of the President’s other policy decisions relating to the Middle East, in particular the speedy announcement that Washington is ending “all American support for offensive operations in the war in Yemen”, runs the risk of sending mixed messages to Tehran, as does his decision to rescind the Trump administration’s designation of the Iranian-backed Houthi rebels, who now hold much of the country, as a terrorist organisation.
Ever since the Houthi rebels, with Iran’s backing, launched their campaign to overthrow Yemen’s internationally recognised government in 2014, the US, together with other Western powers such as Britain, have given their backing to the Saudi-led coalition’s effort to halt the illegal takeover of the country.
Iran’s support for the Houthis, which has included providing the rebels with sophisticated weaponry such as drones and medium-range missiles, is a classic example of Iran relying on proxies to extend its influence in the Middle East through conflict and political destabilisation.
Moreover, the Houthis have deliberately sought to broaden the conflict by targeting civilian areas in neighbouring Saudi Arabia.
In the most recent Houthi attack, a civilian aircraft was set alight after a drone attack on Abha International Airport, in the southern Saudi province of Asir. The Houthis have even been accused of firing Iranian-made missiles at Makkah.
It is acts like these that prompted former US Secretary of State Mike Pompeo, in the dying days of the Trump administration, to designate the Houthis as a terrorist organisation.
The US State Department, responding to claims by human rights groups that imposing sanctions against the Houthis will have an adverse impact on humanitarian aid supplies, has now reversed the decision, which many will find hard to understand because the Houthis have primarily been responsible for preventing the much-needed supplies from reaching Yemen’s war-ravaged population.
Given that Yemen’s long-running civil war has become the world’s worst humanitarian disaster, it is perfectly understandable that the new Biden administration should want to distance itself from the conflict, which most observers now believe can only be resolved through fresh negotiations.
But by rushing publicly to withdraw support for the Saudi-led coalition, as well as ending the Houthis’ terrorist designation, Mr Biden runs the risk of signalling that Washington is sympathetic to Tehran’s regional ambitions.
The other key factor Mr Biden appears to have overlooked is that Washington’s new policy on Yemen could undermine the US-led effort to tackle the terrorist infrastructure of Al Qaeda in the Arabian Peninsula, which poses a threat to both Yemen and Saudi Arabia, as well as the wider region.
But in terms of the key issue of tackling Iran’s nuclear ambitions, Mr Biden and his officials need to understand that tackling the pernicious influence that Iranian proxies such as the Houthi rebels have on the Middle East is just as important as limiting Tehran’s ability to acquire a nuclear weapons arsenal.
Consequently, if the President is to succeed in his quest for a new deal with Iran, he needs to formulate a comprehensive policy that covers all of Iran’s misdeeds, instead of repeating Mr Obama’s mistake and concentrating solely on the nuclear issue.
Con Coughlin is a defence and foreign affairs columnist for The National
WORLD CUP FINAL
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Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
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Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
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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.”
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His favourite book - 1984 by George Orwell
His favourite quote - 'If you think education is expensive, try ignorance' by Derek Bok, Former President of Harvard
Favourite place to travel to - Peloponnese, Southern Greece
Favourite movie - The Last Emperor
Favourite personality from history - Alexander the Great
Role Model - My father, Yiannis Davos
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Dubai College A 50-12 Dubai College B
Name: Brendalle Belaza
From: Crossing Rubber, Philippines
Arrived in the UAE: 2007
Favourite place in Abu Dhabi: NYUAD campus
Favourite photography style: Street photography
Favourite book: Harry Potter
Dubai works towards better air quality by 2021
Dubai is on a mission to record good air quality for 90 per cent of the year – up from 86 per cent annually today – by 2021.
The municipality plans to have seven mobile air-monitoring stations by 2020 to capture more accurate data in hourly and daily trends of pollution.
These will be on the Palm Jumeirah, Al Qusais, Muhaisnah, Rashidiyah, Al Wasl, Al Quoz and Dubai Investment Park.
“It will allow real-time responding for emergency cases,” said Khaldoon Al Daraji, first environment safety officer at the municipality.
“We’re in a good position except for the cases that are out of our hands, such as sandstorms.
“Sandstorms are our main concern because the UAE is just a receiver.
“The hotspots are Iran, Saudi Arabia and southern Iraq, but we’re working hard with the region to reduce the cycle of sandstorm generation.”
Mr Al Daraji said monitoring as it stood covered 47 per cent of Dubai.
There are 12 fixed stations in the emirate, but Dubai also receives information from monitors belonging to other entities.
“There are 25 stations in total,” Mr Al Daraji said.
“We added new technology and equipment used for the first time for the detection of heavy metals.
“A hundred parameters can be detected but we want to expand it to make sure that the data captured can allow a baseline study in some areas to ensure they are well positioned.”
Poland Statement
All people fleeing from Ukraine before the armed conflict are allowed to enter Poland. Our country shelters every person whose life is in danger - regardless of their nationality.
The dominant group of refugees in Poland are citizens of Ukraine, but among the people checked by the Border Guard are also citizens of the USA, Nigeria, India, Georgia and other countries.
All persons admitted to Poland are verified by the Border Guard. In relation to those who are in doubt, e.g. do not have documents, Border Guard officers apply appropriate checking procedures.
No person who has received refuge in Poland will be sent back to a country torn by war.
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Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
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
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UAE currency: the story behind the money in your pockets