The Syrian political opposition, in its current form, is a hopeless case. Members of the opposition have been holding intensive talks to expand the National Coalition for nearly a week, with little progress.
The meetings in Istanbul are meant to discuss the inclusion of more members, mostly moderates, in the coalition to make it a more representative and balanced political body. As it stands now, the political body is controlled by one group that has a tenacious monopoly over the decision-making process.
On Monday, the coalition's general assembly announced that eight new members have been added, after they won 42 votes from existing members. But the coalition has deep structural issues that render the inclusion of new members almost meaningless.
The principle sticking point involves voting. Existing members of the coalition insist that the inclusion of new members must be based on balloting by existing members only. But this would change little in a monopoly that was made possible by interference from regional countries to begin with, rather than based on consensus among Syrian opposition. The existing members were not chosen by the people to decide whether certain opposition figures should be members or not.
The second issue is the "blocking third", or the veto power held by a third of the members. This idea was advanced by the coalition's secretary general, Mustafa Al Sabbagh, and was clearly meant to maintain the monopoly of the current core group within the coalition.
Mr Al Sabbagh was directly appointed by Qatar and its allies in the Muslim Brotherhood when the coalition was formed in Doha in November. Shortly after his appointment, he unsuccessfully tried to bypass the coalition's leadership through ad hoc power grabs.
Mr Al Sabbagh insists on maintaining the position of secretary general while presiding over the blocking third. He also wants to increase the number of "local councils" - groups of Syrians claimed to be based on geography - by one for each two new members added to the coalition. He was appointed as a secretary general after he falsely claimed he represented those councils.
Such formula would only make matters worse. In effect, the arguments in Istanbul are about the current members seeking to expand their influence within the coalition, instead of making it more representative and dynamic.
Without solving these structural issues, the dominant members can maintain their monopoly even if new members are added. The same happened when the Syrian National Council was replaced by the current National Coalition - although the latter began as a more representative body, the Muslim Brotherhood soon took full control of it.
One member of the coalition told me Mr Al Sabbagh has been pushed by Doha to block any changes to "give the impression that the new sponsors of the Syrian dossier have failed". By new sponsors, he meant Saudi Arabia, which has assumed responsibilities of sponsoring the Syrian opposition, pushing Qatar aside.
Members of the opposition have shown during the Istanbul talks that they put their interests above and beyond the interests of the people they claim to represent. Sources told me that a foreign ambassador told Mr Al Sabbagh that his attempts to block the expansion will undermine the coalition in upcoming weeks as Russia and the United States organise a peace summit.
The ambassador told Mr Al Sabbagh that the failure to reach an agreement might lead to the fracture of the coalition. The ambassador asked him: "What's your priority?" He replied, and I paraphrase, "My conditions are more important and urgent".
These cynical moves were also highlighted in a video that emerged on Monday, showing a heated conversation between the French ambassador, Eric Chevallier, and a member of the coalition. The ambassador chastised the member for blocking the attempts to reach an agreement. The member got angry at the ambassador and told other members that he did not care whether France would "cut weapons" from the opposition. The member added that the opposition did not need France.
How many people have died as the opposition has been bickering in Istanbul? An area near Damascus was reportedly attacked with some type of chemical weapons. Hizbollah has escalated both its rhetoric and operations in Syria. The death toll is climbing as I type.
The world is still waiting for the opposition to make a decision as to whether it will participate in the peace conference later this month, Sources say that the opposition is stalling by insisting that the UN issue it a formal invitation to attend the conference.
Still, the world has taken some steps. The European Union, for instance, has effectively lifted its arms embargo to allow member states to arm the Syrian rebels and renewed economic sanctions on the regime.
It is remarkable that the only time the opposition has spent talking this long since the beginning of the uprising is when they feel their political future is at risk. There have been only two other instances in which the opposition met on this scale for an entire week: when a US-backed plan to replace the Syrian National Council was presented in the winter of last year; and during Cairo meetings in July, when the council was asked to subject itself to an independent committee in charge of restructuring it.
It is time for Syrians to realise that the political opposition is an important factor behind the stalemate.
hhassan@thenational.ae
On Twitter: @hhassan140
Defence review at a glance
• Increase defence spending to 2.5% of GDP by 2027 but given “turbulent times it may be necessary to go faster”
• Prioritise a shift towards working with AI and autonomous systems
• Invest in the resilience of military space systems.
• Number of active reserves should be increased by 20%
• More F-35 fighter jets required in the next decade
• New “hybrid Navy” with AUKUS submarines and autonomous vessels
Financial considerations before buying a property
Buyers should try to pay as much in cash as possible for a property, limiting the mortgage value to as little as they can afford. This means they not only pay less in interest but their monthly costs are also reduced. Ideally, the monthly mortgage payment should not exceed 20 per cent of the purchaser’s total household income, says Carol Glynn, founder of Conscious Finance Coaching.
“If it’s a rental property, plan for the property to have periods when it does not have a tenant. Ensure you have enough cash set aside to pay the mortgage and other costs during these periods, ideally at least six months,” she says.
Also, shop around for the best mortgage interest rate. Understand the terms and conditions, especially what happens after any introductory periods, Ms Glynn adds.
Using a good mortgage broker is worth the investment to obtain the best rate available for a buyer’s needs and circumstances. A good mortgage broker will help the buyer understand the terms and conditions of the mortgage and make the purchasing process efficient and easier.
RESULTS
6.30pm: Maiden (TB) Dh 82,500 (Dirt) 1.600m
Winner: Miller’s House, Richard Mullen (jockey), Satish Seemar (trainer).
7.05pm: Maiden (TB) Dh 82,500 (D) 2,000m
Winner: Kanood, Adrie de Vries, Fawzi Nass.
7.50pm: Handicap (TB) Dh 82,500 (D) 1,600m
Winner: Gervais, Sandro Paiva, Ali Rashid Al Raihe.
8.15pm: The Garhoud Sprint Listed (TB) Dh 132,500 (D) 1,200m
Winner: Important Mission, Royston Ffrench, Salem bin Ghadayer.
8.50pm: The Entisar Listed (TB) Dh 132,500 (D) 2,000m
Winner: Firnas, Xavier Ziani, Salem bin Ghadayer.
9.25pm: Conditions (TB) Dh 120,000 (D) 1,400m
Winner: Zhou Storm, Connor Beasley, Ali Rashid Al Raihe.
'The Woman in the House Across the Street from the Girl in the Window'
Director:Michael Lehmann
Stars:Kristen Bell
Rating: 1/5
The specs
Price, base / as tested Dh135,000
Engine 1.6L turbo
Gearbox Six speed automatic with manual and sports mode
Power 165hp @ 6,000rpm
Torque 240Nm @ 1,400rpm 0-100kph: 9.2 seconds
Top speed 420 kph (governed)
Fuel economy, combined 35.2L / 100km (est)
How has net migration to UK changed?
The figure was broadly flat immediately before the Covid-19 pandemic, standing at 216,000 in the year to June 2018 and 224,000 in the year to June 2019.
It then dropped to an estimated 111,000 in the year to June 2020 when restrictions introduced during the pandemic limited travel and movement.
The total rose to 254,000 in the year to June 2021, followed by steep jumps to 634,000 in the year to June 2022 and 906,000 in the year to June 2023.
The latest available figure of 728,000 for the 12 months to June 2024 suggests levels are starting to decrease.
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.”
MATCH INFO
Newcastle 2-2 Manchester City
Burnley 0-2 Crystal Palace
Chelsea 0-1 West Ham
Liverpool 2-1 Brighton
Tottenham 3-2 Bournemouth
Southampton v Watford (late)
RESULTS
Manchester United 2
Anthony Martial 30'
Scott McTominay 90 6'
Manchester City 0
The specs
Engine: Direct injection 4-cylinder 1.4-litre
Power: 150hp
Torque: 250Nm
Price: From Dh139,000
On sale: Now
MATCH INFO
Scotland 59 (Tries: Hastings (2), G Horne (3), Turner, Seymour, Barclay, Kinghorn, McInally; Cons: Hastings 8)
Russia 0
If you go
The flights
Emirates (www.emirates.com) and Etihad (www.etihad.com) both fly direct to Bengaluru, with return fares from Dh 1240. From Bengaluru airport, Coorg is a five-hour drive by car.
The hotels
The Tamara (www.thetamara.com) is located inside a working coffee plantation and offers individual villas with sprawling views of the hills (tariff from Dh1,300, including taxes and breakfast).
When to go
Coorg is an all-year destination, with the peak season for travel extending from the cooler months between October and March.