Reem Al Hashimy UAE's Minister of State for International Co-operation, with Bahrain's Foreign Affairs Minister Abdullatif Al Zayani, left, and Cypriot Foreign Affairs Minister Nikos Christodoulides at the Philia Forum in Athens earlier in the week. AFP
Reem Al Hashimy UAE's Minister of State for International Co-operation, with Bahrain's Foreign Affairs Minister Abdullatif Al Zayani, left, and Cypriot Foreign Affairs Minister Nikos Christodoulides at the Philia Forum in Athens earlier in the week. AFP
Reem Al Hashimy UAE's Minister of State for International Co-operation, with Bahrain's Foreign Affairs Minister Abdullatif Al Zayani, left, and Cypriot Foreign Affairs Minister Nikos Christodoulides at the Philia Forum in Athens earlier in the week. AFP
Reem Al Hashimy UAE's Minister of State for International Co-operation, with Bahrain's Foreign Affairs Minister Abdullatif Al Zayani, left, and Cypriot Foreign Affairs Minister Nikos Christodoulides a

Cyprus talks are promised but the island is more contested than ever


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Cyprus has been effectively partitioned for almost half a century. The north is run by a Turkish Cypriot government while the remaining part of the island is run by the internationally recognised Greek Cypriot administration. Almost half a century after the truce line emerged, the "Green Zone" has become a tranquil wilderness. Still patrolled by UN peacekeepers, it has also served as a backdrop for many rounds of talks over the future of the divided Eastern Mediterranean island.

Antonio Guterres, the UN Secretary General, is poised to launch a fresh round of talks within weeks. But the problem is that he will almost certainly stick to the tried and failed formulas of the past, which means the prospect of failure is high.

If you have heard a bit more about Cyprus in recent times, that is because the region around it has become much more contested.

  • Nicosia in Cyprus is the last divided capital city in Europe. Today marks the date in 1983 when the Turkish Republic of Northern Cyprus declared independence, nine years after Turkish forces landed on the island. The TRNC remains unrecognised by the international community, apart from Turkey. Declan McVeigh / The National
    Nicosia in Cyprus is the last divided capital city in Europe. Today marks the date in 1983 when the Turkish Republic of Northern Cyprus declared independence, nine years after Turkish forces landed on the island. The TRNC remains unrecognised by the international community, apart from Turkey. Declan McVeigh / The National
  • A shot of no-man’s-land in Nicosia from the Turkish side of the divided Cyprus capital. Declan McVeigh / The National
    A shot of no-man’s-land in Nicosia from the Turkish side of the divided Cyprus capital. Declan McVeigh / The National
  • Turkish Cypriot graves near Famagusta on the island's east coast. Declan McVeigh / The National
    Turkish Cypriot graves near Famagusta on the island's east coast. Declan McVeigh / The National
  • Omeriye Mosque is the only Muslim place of worship open on the Greek side of Nicosia. Declan McVeigh / The National
    Omeriye Mosque is the only Muslim place of worship open on the Greek side of Nicosia. Declan McVeigh / The National
  • A shot of no-man’s-land, taken from the Greek sector of Nicosia. Local people refer to this UN buffer area - established in 1964 and expanded 10 years later - as the "dead zone". Here ceasefire lines are sometimes just metres apart. Declan McVeigh / The National
    A shot of no-man’s-land, taken from the Greek sector of Nicosia. Local people refer to this UN buffer area - established in 1964 and expanded 10 years later - as the "dead zone". Here ceasefire lines are sometimes just metres apart. Declan McVeigh / The National
  • The UN's Green Line cuts 180 kilometres across the island of Cyprus and divides the capital, Nicosia, in two. Cyprus has endured this partition since 1974. Declan McVeigh / The National
    The UN's Green Line cuts 180 kilometres across the island of Cyprus and divides the capital, Nicosia, in two. Cyprus has endured this partition since 1974. Declan McVeigh / The National
  • Ledra Street is the only foot crossing between the Turkish and Greek sectors of Nicosia. Visitors will have their passports stamped with 90-day visas by TRNC officials upon entering Northern Cyprus. There is a building nearby that acts as a watchtower for general public and tourists. Declan McVeigh / The National
    Ledra Street is the only foot crossing between the Turkish and Greek sectors of Nicosia. Visitors will have their passports stamped with 90-day visas by TRNC officials upon entering Northern Cyprus. There is a building nearby that acts as a watchtower for general public and tourists. Declan McVeigh / The National
  • Part of the UN's Green Line which cuts 180 kilometres across the island of Cyprus and divides its capital, Nicosia, in two. Visitors can walk down Nicosia's busy shopping streets, take a few turns, and be confronted by barricades dividing north from south. Declan McVeigh / The National
    Part of the UN's Green Line which cuts 180 kilometres across the island of Cyprus and divides its capital, Nicosia, in two. Visitors can walk down Nicosia's busy shopping streets, take a few turns, and be confronted by barricades dividing north from south. Declan McVeigh / The National
  • Nicosia is dotted with memorials to past conflicts. The 1973 Liberty Monument in the city's Greek zone honours paramilitary fighters of Ethniki Organosis Kyprion Agoniston, who fought British forces between 1955 and 1959. Declan McVeigh / The National
    Nicosia is dotted with memorials to past conflicts. The 1973 Liberty Monument in the city's Greek zone honours paramilitary fighters of Ethniki Organosis Kyprion Agoniston, who fought British forces between 1955 and 1959. Declan McVeigh / The National
  • Famagusta beach with abandoned hotels and buildings form a 'ghost town' since Turkish forces landed on the island in 1974. Declan McVeigh / The National
    Famagusta beach with abandoned hotels and buildings form a 'ghost town' since Turkish forces landed on the island in 1974. Declan McVeigh / The National
  • Much of Famagusta beach in eastern Cyprus and its ghost town remain off-limits. Turkey continues to station thousands of troops on the divided island. Declan McVeigh / The National
    Much of Famagusta beach in eastern Cyprus and its ghost town remain off-limits. Turkey continues to station thousands of troops on the divided island. Declan McVeigh / The National

During the Cold War, the island was referred to as Nato's unsinkable aircraft carrier, acting as a bulwark against any Soviet aggression in the Eastern Mediterranean. These days, the Turkish push into the wider region and its alliance-building in the Libyan city of Misurata is putting Cyprus at the intersection of Ankara's ambitions.

Post-Soviet Russia's skin in the game, meanwhile, involves doggedly ensuring that it will not be displaced from its naval bases around Latakia, the principal port city of nearby Syria. The proven deposits of natural gas across the area have also created a basin in which the interests of a handful of countries are mixed up.

The division of Cyprus in the 1970s raised a brief flurry of high-level diplomacy to stop Nato members going to war against each other. Apart from Greece being in direct competition with Turkey, Britain is heavily involved as well, as a "guarantor power" and the possessor of two sovereign bases on the island. These days Britain cleaves ever closer to the Turkish position with a diminished influence, given that Cyprus seeks to definite itself as a platform to Europe and London no longer has a voice within the 27-nation bloc.

When the next UN-organised talks do begin, the choices boil down to two options.

A federal state that is comprised of two largely autonomous zones, roughly along the Green Zone division but with some map-based concessions, has been favoured for decades. In fact, years of negotiations have been devoted to this goal. Turkey, on the other hand, is pushing for a permanent division of the island. According to Turkish President Recep Tayyip Erdogan, there is only a two-state solution to the island.

A Turkish Navy warship patrolling next to Turkey's drilling ship 'Fatih' dispatched towards the eastern Mediterranean near Cyprus. The proven deposits of natural gas across the area has also created a basin in which the interests of a handful of countries are mixed up. AFP
A Turkish Navy warship patrolling next to Turkey's drilling ship 'Fatih' dispatched towards the eastern Mediterranean near Cyprus. The proven deposits of natural gas across the area has also created a basin in which the interests of a handful of countries are mixed up. AFP

The incentive for Mr Erdogan is obvious. Only Turkey recognises the self-declared republic in the north, which is propped up by Ankara's military deployment and Turkish migration from the mainland. The two-state solution would be a boon for Turkey but it is hard to see how it benefits anyone else. It is also hard to see how it would benefit the Turkish-speaking Cypriots living there.

Fresh thinking on the Cyprus crisis is often a chimera. The novelty of new proposals is often promoted cynically just to disrupt the prospect of resolution.

How then to describe the prospects for the latest round of talks?

Last week’s "Philia Forum" in Athens was attended by the UAE, Saudi Arabia, Bahrain, Egypt and Iraq. Nikos Christodoulides, the Cypriot Foreign Minister, was also a strong presence in the deliberations. The meeting showed the shared strategic footprint of the attendees.

Turkish President Recep Tayyip Erdogan has ruled out discussing a federal system to reunify Cyprus, insisting that a two-state accord is the only solution for the ethnically split island. AP Photo
Turkish President Recep Tayyip Erdogan has ruled out discussing a federal system to reunify Cyprus, insisting that a two-state accord is the only solution for the ethnically split island. AP Photo

The orientation of the Philia Forum participants is towards investment and modernisation of the economy to meet demographic demands. The shared emphasis in the dialogue provides a platform for co-operation that would have seemed remote a decade ago. A communique from Mr Christodoulides said that partnership could not only unleash opportunities but also enable the better management of points of instability.

Their message stood in contrast to the narrative of confrontations, problems and conflicts that Cyprus struggles to contain and blunt.

Ultimately the EU provides the Cypriots with the only platform for resolution of the dispute. When Kofi Annan, the former UN secretary general, presented his plan for a federal state in 2004, the Turkish side embraced it but the Greek part of the island said no. Nicosia still entered the EU.

A decade and a half later, the bizonal state would look much like Annan’s team envisaged. There is also a soft version of Mr Erdogan’s two-state plan, which would be a managed separation of the states within the EU. But there is a glitch in this plan.

In 2004, former UN secretary general Kofi Annan had proposed what could be a viable solution in today's political context. AFP
In 2004, former UN secretary general Kofi Annan had proposed what could be a viable solution in today's political context. AFP

As the 28-nation bloc’s border and coast guard agency, Frontex, grows in powers, and common policies on immigration are more entrenched, parts of this shared membership would be hard for Turkey to stomach. After all, this would effectively mean the withdrawal of most, if not all, of its 30,000 troops stationed on the island. It would also lead to the demise of the UK's guarantor-ship of the island, which dates back to the 1960s.

The issue, obviously, is that both these countries are non-EU members, with the UK having recently left the bloc and Turkey now destined never to join.

There are other details, such as compensating the Greek Cypriots for the two-thirds of the property in the north that is owned by them and the return of the deserted resort of Varosha as well as other lands beyond the verdant demilitarised zone.

In the event that these issues could be addressed, there would be a round of referendum campaigns with outcomes that are hard to forecast. Then the emphasis would be on the rebuilding of Cyprus. A multi-year transition would almost certainly be set in train. Given the circumstances of the region, particularly the increasing exploration and exploitation of the natural gas deposits, that would need a robust enforcement mechanism.

It is clear that many nations share an incentive for a Cyprus solution. How to get stakeholders to buy into the process and reinforce its momentum needs to be added as a strand to the talks.

Damien McElroy is the London bureau chief at The National

BORDERLANDS

Starring: Cate Blanchett, Kevin Hart, Jamie Lee Curtis

Director: Eli Roth

Rating: 0/5

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.”

Islamophobia definition

A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.

The specs

Engine: 2.9-litre, V6 twin-turbo

Transmission: seven-speed PDK dual clutch automatic

Power: 375bhp

Torque: 520Nm

Price: Dh332,800

On sale: now

What is safeguarding?

“Safeguarding, not just in sport, but in all walks of life, is making sure that policies are put in place that make sure your child is safe; when they attend a football club, a tennis club, that there are welfare officers at clubs who are qualified to a standard to make sure your child is safe in that environment,” Derek Bell explains.

FIXTURES

All times UAE ( 4 GMT)

Friday
Saint-Etienne v Montpellier (10.45pm)

Saturday
Monaco v Caen (7pm)
Amiens v Bordeaux (10pm)
Angers v Toulouse (10pm)
Metz v Dijon (10pm)
Nantes v Guingamp (10pm)
Rennes v Lille (10pm)

Sunday
Nice v Strasbourg (5pm)
Troyes v Lyon (7pm)
Marseille v Paris Saint-Germain (11pm)

Miss Granny

Director: Joyce Bernal

Starring: Sarah Geronimo, James Reid, Xian Lim, Nova Villa

3/5

(Tagalog with Eng/Ar subtitles)

Q&A with Dash Berlin

Welcome back. What was it like to return to RAK and to play for fans out here again?
It’s an amazing feeling to be back in the passionate UAE again. Seeing the fans having a great time that is what it’s all about.

You're currently touring the globe as part of your Legends of the Feels Tour. How important is it to you to include the Middle East in the schedule?
The tour is doing really well and is extensive and intensive at the same time travelling all over the globe. My Middle Eastern fans are very dear to me, it’s good to be back.

You mix tracks that people know and love, but you also have a visually impressive set too (graphics etc). Is that the secret recipe to Dash Berlin's live gigs?
People enjoying the combination of the music and visuals are the key factor in the success of the Legends Of The Feel tour 2018.

Have you had some time to explore Ras al Khaimah too? If so, what have you been up to?
Coming fresh out of Las Vegas where I continue my 7th annual year DJ residency at Marquee, I decided it was a perfect moment to catch some sun rays and enjoy the warm hospitality of Bab Al Bahr.

 

Skoda Superb Specs

Engine: 2-litre TSI petrol

Power: 190hp

Torque: 320Nm

Price: From Dh147,000

Available: Now

The%20Last%20White%20Man
%3Cp%3EAuthor%3A%20Mohsin%20Hamid%C2%A0%3C%2Fp%3E%0A%3Cp%3E192%20pages%C2%A0%3C%2Fp%3E%0A%3Cp%3EPublished%20by%3A%20Hamish%20Hamilton%20(UK)%2C%20Riverhead%20Books%20(US)%3C%2Fp%3E%0A%3Cp%3ERelease%20date%3A%20out%20now%20in%20the%20US%2C%20August%2011%20(UK)%3C%2Fp%3E%0A
Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

Seemar’s top six for the Dubai World Cup Carnival:

1. Reynaldothewizard
2. North America
3. Raven’s Corner
4. Hawkesbury
5. New Maharajah
6. Secret Ambition

Company%20profile
%3Cp%3EName%3A%20Tabby%3Cbr%3EFounded%3A%20August%202019%3B%20platform%20went%20live%20in%20February%202020%3Cbr%3EFounder%2FCEO%3A%20Hosam%20Arab%2C%20co-founder%3A%20Daniil%20Barkalov%3Cbr%3EBased%3A%20Dubai%2C%20UAE%3Cbr%3ESector%3A%20Payments%3Cbr%3ESize%3A%2040-50%20employees%3Cbr%3EStage%3A%20Series%20A%3Cbr%3EInvestors%3A%20Arbor%20Ventures%2C%20Mubadala%20Capital%2C%20Wamda%20Capital%2C%20STV%2C%20Raed%20Ventures%2C%20Global%20Founders%20Capital%2C%20JIMCO%2C%20Global%20Ventures%2C%20Venture%20Souq%2C%20Outliers%20VC%2C%20MSA%20Capital%2C%20HOF%20and%20AB%20Accelerator.%3Cbr%3E%3C%2Fp%3E%0A

Name: Peter Dicce

Title: Assistant dean of students and director of athletics

Favourite sport: soccer

Favourite team: Bayern Munich

Favourite player: Franz Beckenbauer

Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates 

 

HIV on the rise in the region

A 2019 United Nations special analysis on Aids reveals 37 per cent of new HIV infections in the Mena region are from people injecting drugs.

New HIV infections have also risen by 29 per cent in western Europe and Asia, and by 7 per cent in Latin America, but declined elsewhere.

Egypt has shown the highest increase in recorded cases of HIV since 2010, up by 196 per cent.

Access to HIV testing, treatment and care in the region is well below the global average.  

Few statistics have been published on the number of cases in the UAE, although a UNAIDS report said 1.5 per cent of the prison population has the virus.

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
MISSION: IMPOSSIBLE – FINAL RECKONING

Director: Christopher McQuarrie

Starring: Tom Cruise, Hayley Atwell, Simon Pegg

Rating: 4/5

Company%20Profile
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The five pillars of Islam
Intercontinental Cup

Namibia v UAE Saturday Sep 16-Tuesday Sep 19

Table 1 Ireland, 89 points; 2 Afghanistan, 81; 3 Netherlands, 52; 4 Papua New Guinea, 40; 5 Hong Kong, 39; 6 Scotland, 37; 7 UAE, 27; 8 Namibia, 27

Dhadak 2

Director: Shazia Iqbal

Starring: Siddhant Chaturvedi, Triptii Dimri 

Rating: 1/5

Why seagrass matters
  • Carbon sink: Seagrass sequesters carbon up to 35X faster than tropical rainforests
  • Marine nursery: Crucial habitat for juvenile fish, crustations, and invertebrates
  • Biodiversity: Support species like sea turtles, dugongs, and seabirds
  • Coastal protection: Reduce erosion and improve water quality
The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet
The%20new%20Turing%20Test
%3Cp%3EThe%20Coffee%20Test%3C%2Fp%3E%0A%3Cp%3E%3Cem%3EA%20machine%20is%20required%20to%20enter%20an%20average%20American%20home%20and%20figure%20out%20how%20to%20make%20coffee%3A%20find%20the%20coffee%20machine%2C%20find%20the%20coffee%2C%20add%20water%2C%20find%20a%20mug%20and%20brew%20the%20coffee%20by%20pushing%20the%20proper%20buttons.%3C%2Fem%3E%3C%2Fp%3E%0A%3Cp%3EProposed%20by%20Steve%20Wozniak%2C%20Apple%20co-founder%3C%2Fp%3E%0A
Citizenship-by-investment programmes

United Kingdom

The UK offers three programmes for residency. The UK Overseas Business Representative Visa lets you open an overseas branch office of your existing company in the country at no extra investment. For the UK Tier 1 Innovator Visa, you are required to invest £50,000 (Dh238,000) into a business. You can also get a UK Tier 1 Investor Visa if you invest £2 million, £5m or £10m (the higher the investment, the sooner you obtain your permanent residency).

All UK residency visas get approved in 90 to 120 days and are valid for 3 years. After 3 years, the applicant can apply for extension of another 2 years. Once they have lived in the UK for a minimum of 6 months every year, they are eligible to apply for permanent residency (called Indefinite Leave to Remain). After one year of ILR, the applicant can apply for UK passport.

The Caribbean

Depending on the country, the investment amount starts from $100,000 (Dh367,250) and can go up to $400,000 in real estate. From the date of purchase, it will take between four to five months to receive a passport. 

Portugal

The investment amount ranges from €350,000 to €500,000 (Dh1.5m to Dh2.16m) in real estate. From the date of purchase, it will take a maximum of six months to receive a Golden Visa. Applicants can apply for permanent residency after five years and Portuguese citizenship after six years.

“Among European countries with residency programmes, Portugal has been the most popular because it offers the most cost-effective programme to eventually acquire citizenship of the European Union without ever residing in Portugal,” states Veronica Cotdemiey of Citizenship Invest.

Greece

The real estate investment threshold to acquire residency for Greece is €250,000, making it the cheapest real estate residency visa scheme in Europe. You can apply for residency in four months and citizenship after seven years.

Spain

The real estate investment threshold to acquire residency for Spain is €500,000. You can apply for permanent residency after five years and citizenship after 10 years. It is not necessary to live in Spain to retain and renew the residency visa permit.

Cyprus

Cyprus offers the quickest route to citizenship of a European country in only six months. An investment of €2m in real estate is required, making it the highest priced programme in Europe.

Malta

The Malta citizenship by investment programme is lengthy and investors are required to contribute sums as donations to the Maltese government. The applicant must either contribute at least €650,000 to the National Development & Social Fund. Spouses and children are required to contribute €25,000; unmarried children between 18 and 25 and dependent parents must contribute €50,000 each.

The second step is to make an investment in property of at least €350,000 or enter a property rental contract for at least €16,000 per annum for five years. The third step is to invest at least €150,000 in bonds or shares approved by the Maltese government to be kept for at least five years.

Candidates must commit to a minimum physical presence in Malta before citizenship is granted. While you get residency in two months, you can apply for citizenship after a year.

Egypt 

A one-year residency permit can be bought if you purchase property in Egypt worth $100,000. A three-year residency is available for those who invest $200,000 in property, and five years for those who purchase property worth $400,000.

Source: Citizenship Invest and Aqua Properties

PROFILE

Name: Enhance Fitness 

Year started: 2018 

Based: UAE 

Employees: 200 

Amount raised: $3m 

Investors: Global Ventures and angel investors