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 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
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
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
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
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
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
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
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
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
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
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.”
FA Cup quarter-final draw
The matches will be played across the weekend of 21 and 22 March
Sheffield United v Arsenal
Newcastle v Manchester City
Norwich v Derby/Manchester United
Leicester City v Chelsea
The specs
Engine: 2.0-litre 4-cyl turbo
Power: 247hp at 6,500rpm
Torque: 370Nm from 1,500-3,500rpm
Transmission: 10-speed auto
Fuel consumption: 7.8L/100km
Price: from Dh94,900
On sale: now
Tuesday's fixtures
Group A
Kyrgyzstan v Qatar, 5.45pm
Iran v Uzbekistan, 8pm
N Korea v UAE, 10.15pm
All about the Sevens
Cape Town Sevens on Saturday and Sunday:Pools A – South Africa, Kenya, France, Russia; B – New Zealand, Australia, Spain, United States; C – England, Scotland, Argentina, Uganda; D – Fiji, Samoa, Canada, Wales
HSBC World Sevens Series standing after first leg in Dubai 1 South Africa; 2 New Zealand; 3 England; 4 Fiji; 5 Australia; 6 Samoa; 7 Kenya; 8 Scotland; 9 France; 10 Spain; 11 Argentina; 12 Canada; 13 Wales; 14 Uganda; 15 United States; 16 Russia
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Under the UK government’s proposals, migrants will have to spend 10 years in the UK before being able to apply for citizenship.
Skilled worker visas will require a university degree, and there will be tighter restrictions on recruitment for jobs with skills shortages.
But what are described as "high-contributing" individuals such as doctors and nurses could be fast-tracked through the system.
Language requirements will be increased for all immigration routes to ensure a higher level of English.
Rules will also be laid out for adult dependants, meaning they will have to demonstrate a basic understanding of the language.
The plans also call for stricter tests for colleges and universities offering places to foreign students and a reduction in the time graduates can remain in the UK after their studies from two years to 18 months.
Occupation: Mukrema, though she washes bodies without charge
Favourite things to do: Visiting patients at the hospital and give them the support they need. Role model: Sheikha Fatima bint Mubarak, Chairwoman of the General Women's Union, Supreme Chairwoman of the Family Development Foundation and President of the Supreme Council for Motherhood and Childhood.
The specs
Engine: 3.0-litre flat-six twin-turbocharged
Transmission: eight-speed PDK automatic
Power: 445bhp
Torque: 530Nm
Price: Dh474,600
On Sale: Now
Other ways to buy used products in the UAE
UAE insurance firm Al Wathba National Insurance Company (AWNIC) last year launched an e-commerce website with a facility enabling users to buy car wrecks.
Bidders and potential buyers register on the online salvage car auction portal to view vehicles, review condition reports, or arrange physical surveys, and then start bidding for motors they plan to restore or harvest for parts.
Physical salvage car auctions are a common method for insurers around the world to move on heavily damaged vehicles, but AWNIC is one of the few UAE insurers to offer such services online.
For cars and less sizeable items such as bicycles and furniture, Dubizzle is arguably the best-known marketplace for pre-loved.
Founded in 2005, in recent years it has been joined by a plethora of Facebook community pages for shifting used goods, including Abu Dhabi Marketplace, Flea Market UAE and Arabian Ranches Souq Market while sites such as The Luxury Closet and Riot deal largely in second-hand fashion.
At the high-end of the pre-used spectrum, resellers such as Timepiece360.ae, WatchBox Middle East and Watches Market Dubai deal in authenticated second-hand luxury timepieces from brands such as Rolex, Hublot and Tag Heuer, with a warranty.
'The Sky is Everywhere'
Director:Josephine Decker
Stars:Grace Kaufman, Pico Alexander, Jacques Colimon
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.
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
Founder: Jon Richards, founder and chief executive; Samer Chebab, co-founder and chief operating officer, and Jonathan Rawlings, co-founder and chief financial officer
Based: Media City, Dubai
Sector: Financial services
Size: 120 employees
Investors: 2014: $500,000 in a seed round led by Mulverhill Associates; 2015: $3m in Series A funding led by STC Ventures (managed by Iris Capital), Wamda and Dubai Silicon Oasis Authority; 2019: $8m in Series B funding with the same investors as Series A along with Precinct Partners, Saned and Argo Ventures (the VC arm of multinational insurer Argo Group)
Essentials
The flights Emirates flies direct from Dubai to Seattle from Dh6,755 return in economy and Dh24,775 in business class. The cruise UnCruise Adventures offers a variety of small-ship cruises in Alaska and around the world. A 14-day Alaska’s Inside Passage and San Juans Cruise from Seattle to Juneau or reverse costs from $4,695 (Dh17,246), including accommodation, food and most activities. Trips in 2019 start in April and run until September.
Company profile
Name: Back to Games and Boardgame Space
Started: Back to Games (2015); Boardgame Space (Mark Azzam became co-founder in 2017)
Founder: Back to Games (Mr Azzam); Boardgame Space (Mr Azzam and Feras Al Bastaki)
Based: Dubai and Abu Dhabi
Industry: Back to Games (retail); Boardgame Space (wholesale and distribution)
Funding: Back to Games: self-funded by Mr Azzam with Dh1.3 million; Mr Azzam invested Dh250,000 in Boardgame Space
Growth: Back to Games: from 300 products in 2015 to 7,000 in 2019; Boardgame Space: from 34 games in 2017 to 3,500 in 2019
W.
Wael Kfoury
(Rotana)
Sole survivors
Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.