North Korean short track speed skater Choe Un Song was cheered on by both North and South Koreans / Reuters
North Korean short track speed skater Choe Un Song was cheered on by both North and South Koreans / Reuters
North Korean short track speed skater Choe Un Song was cheered on by both North and South Koreans / Reuters
North Korean short track speed skater Choe Un Song was cheered on by both North and South Koreans / Reuters

Olympic unity on the divided Korean peninsula might give way to nuclear point-scoring afterwards – but it has made for an unmissable spectacle


  • English
  • Arabic

That the Winter Olympics are showcasing hopes for peace and amity in the world is exactly as it should be. The two Koreas' rapprochement – limited though it may prove to be – has turned Pyeongchang into the unity games, with even the North Korean leader Kim Jong-un describing it as "a warm climate of reconciliation and dialogue". That is no easy feat, considering toe-curling displays of American displeasure at the two Koreas' attempt to bridge a 70-year divide. US vice president Mike Pence reportedly said the Trump administration wants the warming of relations with North Korea to end when the Olympic flame is extinguished. After he left Pyeongchang though, Mr Pence indicated the US could be open to a twin-track approach towards North Korea of "maximum pressure and engagement at the same time".

American curmudgeonly attitudes aside, the state of blissful serenity is likely to continue at least until the third week of March, when the Paralympics conclude and the North Korean athletes leave the snowy climes of Pyeongchang to go home. Then the postponed US-South Korea joint military exercises may resume; Pyongyang, in a fit of pique, might lapse back into muttered imprecations and bouts of nuclear missile testing and US president Donald Trump will have much to fulminate about on Twitter.

But any return to scary business as usual will not entirely cancel out the fleeting warmth of the interactions in wintry Pyeongchang. There is a basic logic in reaching out to communicate with each other across geopolitical chasms. The effort affirms the basic human need to connect, which can prevent war, bloodshed and much suffering. There is a magic in public comity, however cynical its intent and however brief the spell it casts. It is a reminder of the wonders of our shared humanity. For six weeks, we are allowed to take the role of the little boy in the children's film The Snowman. During the Pyeongchang games, in the words of The Snowman's theme song, we will be metaphorically "walking in the air, dancing in the midnight sky and everyone who sees us greets us as we fly".

For the spectacle of Olympic unity on the divided Korean peninsula is intermittent but intense. During the 1,500-metre short track speed skating elimination heats, for example, South and North Koreans alike lustily cheered on the only North Korean in the race, 25-year-old Choe Un Song. He eventually failed to qualify but it was a reminder that in sport at least, Korean is Korean, whether it is the North or South.

There was the unified Korean women’s ice hockey team, which lost to Switzerland but overwhelmingly won gold as a symbol of hope-in-harmony. There was the blue-on-white flag carried at the opening ceremony by the temporarily united delegations from both Koreas. Arirang, a much-loved folk song known to all Koreans, is serving as a national anthem at Pyeongchang. As a song that expresses a shared identity, it is the classic anthem, an organic patriotic hymn for a riven people. And finally, there was the much-hyped visit to Pyeongchang’s opening ceremony by North Korea’s very own political princess, Kim Yo-jong. The millennial sister of the North Korean leader, Ms Kim was the first immediate member of her country’s ruling family to set foot in South Korea since the 1950-3 Korean war.

Realists and international relations pundits and players have been quick to pick on the obvious schmaltz and shameless posturing of North Korea's overtures. Before the Games, the Trump White House slammed the attempt to "hijack" them with a propaganda campaign. Mr Pence glowered in Pyeongchang and pointedly failed to cheer the unified Korean Olympic team.

But if symbolism can be said to stand for something, North Korea’s initiatives should at least be taken as they are meant – a tactical move to ensure survival for Mr Kim’s regime and for the country. Perhaps Mr Trump was not particularly discerning when he tweeted in September that “rocket man”, aka Mr Kim, “is on a suicide mission”. The Pyeongchang Games and Mr Kim’s transparent pursuit of engagement suggest quite the reverse. Perhaps it might be still possible to sprinkle around some “diplomatic fairy dust”, as one American newspaper put it.

Of course, there are larger issues at stake, not least nuclear non-proliferation. Until Mr Pence’s concession as he left Pyeongchang of possible direct talks without preconditions, the US insisted that Olympic love-fests or not, there could no real thaw and certainly no negotiation unless North Korea abandons its missile programme.

It is a fine aspiration and would be so much stronger if the US was setting an example and assiduously working towards a nuclear-free world. Former president Barack Obama declared this as a goal in 2009 but the Trump administration recently revealed plans to develop smaller, more “usable” nuclear weapons and to loosen constraints on their use.

The game of nuclear point-scoring will continue long after the alpine skiing, men’s singles luge and curling mixed doubles (a first for the Winter Olympics) are over at Pyeongchang.

The Abu Dhabi Awards explained:

What are the awards? They honour anyone who has made a contribution to life in Abu Dhabi.

Are they open to only Emiratis? The awards are open to anyone, regardless of age or nationality, living anywhere in the world.

When do nominations close? The process concludes on December 31.

How do I nominate someone? Through the website.

When is the ceremony? The awards event will take place early next year.

MATCH INFO

Europa League final

Who: Marseille v Atletico Madrid
Where: Parc OL, Lyon, France
When: Wednesday, 10.45pm kick off (UAE)
TV: BeIN Sports

'Hocus%20Pocus%202'
%3Cp%3EDirector%3A%20Anne%20Fletcher%3Cbr%3E%3Cbr%3EStars%3A%20Bette%20Midler%2C%20Sarah%20Jessica%20Parker%2C%20Kathy%20Najimy%3Cbr%3E%3Cbr%3ERating%3A%203.5%2F5%3C%2Fp%3E%0A
The Perfect Couple

Starring: Nicole Kidman, Liev Schreiber, Jack Reynor

Creator: Jenna Lamia

Rating: 3/5

UAE%20athletes%20heading%20to%20Paris%202024
%3Cp%3E%3Cstrong%3EEquestrian%3C%2Fstrong%3E%3Cbr%3EAbdullah%20Humaid%20Al%20Muhairi%2C%20Abdullah%20Al%20Marri%2C%20Omar%20Al%20Marzooqi%2C%20Salem%20Al%20Suwaidi%2C%20and%20Ali%20Al%20Karbi%20(four%20to%20be%20selected).%3Cbr%3E%3Cstrong%3EJudo%3C%2Fstrong%3E%3Cbr%3EMen%3A%20Narmandakh%20Bayanmunkh%20(66kg)%2C%20Nugzari%20Tatalashvili%20(81kg)%2C%20Aram%20Grigorian%20(90kg)%2C%20Dzhafar%20Kostoev%20(100kg)%2C%20Magomedomar%20Magomedomarov%20(%2B100kg)%3B%20women's%20Khorloodoi%20Bishrelt%20(52kg).%3Cbr%3E%3Cbr%3E%3Cstrong%3ECycling%3C%2Fstrong%3E%3Cbr%3ESafia%20Al%20Sayegh%20(women's%20road%20race).%3Cbr%3E%3Cbr%3E%3Cstrong%3ESwimming%3C%2Fstrong%3E%3Cbr%3EMen%3A%20Yousef%20Rashid%20Al%20Matroushi%20(100m%20freestyle)%3B%20women%3A%20Maha%20Abdullah%20Al%20Shehi%20(200m%20freestyle).%3Cbr%3E%3Cbr%3E%3Cstrong%3EAthletics%3C%2Fstrong%3E%3Cbr%3EMaryam%20Mohammed%20Al%20Farsi%20(women's%20100%20metres).%3C%2Fp%3E%0A
The five pillars of Islam
The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.0-litre%204-cyl%20turbo%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E190hp%20at%205%2C600rpm%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E320Nm%20at%201%2C500-4%2C000rpm%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E7-speed%20dual-clutch%20auto%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E10.9L%2F100km%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh119%2C900%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%3C%2Fp%3E%0A

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.”

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

Indoor cricket in a nutshell

Indoor Cricket World Cup - Sep 16-20, Insportz, Dubai

16 Indoor cricket matches are 16 overs per side

8 There are eight players per team

There have been nine Indoor Cricket World Cups for men. Australia have won every one.

5 Five runs are deducted from the score when a wickets falls

Batsmen bat in pairs, facing four overs per partnership

Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.

Zones

A Front net, behind the striker and wicketkeeper: 0 runs

B Side nets, between the striker and halfway down the pitch: 1 run

Side nets between halfway and the bowlers end: 2 runs

Back net: 4 runs on the bounce, 6 runs on the full

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”.