Annie Lynch, the first person to receive the Pfizer-BioNTech Covid-19 vaccine in Ireland, receives the second dose in Dublin on January 19. AFP
Annie Lynch, the first person to receive the Pfizer-BioNTech Covid-19 vaccine in Ireland, receives the second dose in Dublin on January 19. AFP
Annie Lynch, the first person to receive the Pfizer-BioNTech Covid-19 vaccine in Ireland, receives the second dose in Dublin on January 19. AFP
Annie Lynch, the first person to receive the Pfizer-BioNTech Covid-19 vaccine in Ireland, receives the second dose in Dublin on January 19. AFP

Will Brussels and London ever start caring about Northern Ireland?


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Europe’s vaccination debacle is a bizarre tale, and one with serious consequences. The fiasco – diplomats are using that word – brings together the coronavirus pandemic, the weaknesses of the EU bureaucracy and also questions about which seeds can be planted in gardens in Northern Ireland. The month of February sees the beginning of better weather in Northern Europe, longer days and the first flowers of spring. Many of us are thinking about bringing colourful flowers to our gardens and have begun ordering seeds online. But the First Minister of Northern Ireland, Arlene Foster revealed that gardeners in her part of the UK have a big problem.

Seeds and plants on order from popular garden suppliers in other parts of the UK – Scotland and England – are governed by new ‘import’ rules as a result of Brexit. The formal name bandied about is 'the Northern Ireland Protocol'. That 'protocol' means that since 1 January this year products can be exported from the EU – including the Irish Republic – to Northern Ireland, without customs checks because Boris Johnson’s British government agreed that Northern Ireland after Brexit would remain in the EU single market for goods and custom rules.

In practical terms that legal fudge means garden seeds sent from England and Scotland to Northern Ireland must comply with added checks. This new bureaucracy is time consuming and costly, so some British suppliers are refusing to send seeds to Northern Ireland until the tangle of form-filling is simplified. There have also been complaints about empty shelves in major Northern Ireland supermarkets, again caused by the new rules, leading to big questions about Northern Ireland’s future. Into these practical problems comes the bitter row between the European Commission and the coronavirus vaccine manufacturer AstraZeneca over lack of vaccine supplies.

A visitor walk past beds of asterids in the Agius Evolution garden within Kew Gardens, London. Getty
A visitor walk past beds of asterids in the Agius Evolution garden within Kew Gardens, London. Getty

The resulting vaccination fiasco is complicated but the facts are clear. The UK government has a poor record of preventing coronavirus deaths, with more than 100,000 fatalities so far. But the UK has done well in securing vaccine supplies and getting jabs in the arms of its citizens. The EU, however, and specifically the EU Commission, has been slow, and some say incompetent in ensuring Europe’s vaccine supplies. The Commission blamed the pharmaceutical company AstraZeneca, the company which is successfully delivering supplies to Britain – and this is where the crunch comes.

There is an old saying about marriage: 'marry in haste, repent at leisure'. The Brexit deal was concluded at breakneck speed and already looks fragile

In a major diplomatic bungle, the EU Commission tried to trigger a process known as 'Article 16' of the Northern Ireland protocol, to control the export of coronavirus vaccines from factories the EU to the UK, but without understanding the profound implications for all parts of Ireland. The Irish Republic government in Dublin was not consulted. Nor was the Belfast administration of Arlene Foster. Irish Republicans in Sinn Fein and Ulster unionists in the Democratic Unionist Party often agree on nothing much – but they are united in furiously condemning the EU’s actions. Thankfully the Irish prime minister Micheal Martin was able to 'welcome' a humiliating climbdown by the Commission.

These EU blunders still matter. First, a universal enemy, the pandemic, knows no borders. Until the whole world is vaccinated the prospect of even deadlier coronavirus mutations remains a threat to us all.

Second, the debacle demonstrates one of the EU’s great failings. The Brussels bureaucracy is cumbersome, and Germany, in particular, as the country which developed the first accepted vaccine, has the right to feel aggrieved at supply problems. France, the Netherlands and other EU countries have also been slow to vaccinate their people. If the principle of working together is to be taken seriously in the EU, Brussels needs to get its act together.

Third, there is – once more – Northern Ireland and its gardeners. What should people in Northern Ireland make of their peculiar situation? They are in the UK, can claim British passports, but are not British enough to enjoy easy trade between Belfast and London, Cardiff or Edinburgh. They are on the island of Ireland – and can claim Irish passports too – but they are not part of the Irish Republic, so formally not in the EU either.

How long can this peculiar and precarious arrangement continue? The Northern Ireland Protocol was negotiated to prevent a return of the 30 years of violence known as 'the Troubles' in which more than 3000 people died. That protocol, and indeed the entire Brexit agreement, has been in place for just one month and already the strains are obvious.

British lorry drivers trying to get to France face new checks. Scottish fishermen are angry that their prawns, crabs and scallops are not getting to the European market. Gardeners in Northern Ireland want seeds and plants. The vaccine row is just this week’s version of post-Brexit trade and other tensions. There is an old saying about marriage: 'marry in haste, repent at leisure'. The Brexit deal was concluded at breakneck speed and already looks fragile. Some British MPs want a rethink. The moral is that if you negotiate in haste, you may find out that ingenious diplomatic solutions that look good on paper have terrible consequences in the real world.

Gavin Esler is a broadcaster and UK columnist for 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.”

INDIA SQUADS

India squad for third Test against Sri Lanka
Virat Kohli (capt), Murali Vijay, Lokesh Rahul, Shikhar Dhawan, Cheteshwar Pujara, Ajinkya Rahane, Rohit Sharma, Wriddhiman Saha, Ravichandran Ashwin, Ravindra Jadeja, Kuldeep Yadav, Mohammed Shami, Umesh Yadav, Ishant Sharma, Vijay Shankar

India squad for ODI series against Sri Lanka
Rohit Sharma (capt), Shikhar Dhawan, Ajinkya Rahane, Shreyas Iyer, Manish Pandey, Kedar Jadhav, Dinesh Karthik, Mahendra Singh Dhoni, Hardik Pandya, Axar Patel, Kuldeep Yadav, Yuzvendra Chahal, Jasprit Bumrah, Bhuvneshwar Kumar, Siddarth Kaul

HOW TO WATCH

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Wayne Rooney's career

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England (2003-)

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Transmission: Nine-speed automatic
Power: 204hp @ 5,800rpm
Torque: 300Nm @ 1,600rpm
Fuel economy, combined: 6.7L / 100km

How does ToTok work?

The calling app is available to download on Google Play and Apple App Store

To successfully install ToTok, users are asked to enter their phone number and then create a nickname.

The app then gives users the option add their existing phone contacts, allowing them to immediately contact people also using the application by video or voice call or via message.

Users can also invite other contacts to download ToTok to allow them to make contact through the app.

 

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Avengers 3: Infinity War: an American superhero film released in 2018 and based on the Marvel Comics story.  

Sholay: a 1975 Indian action-adventure film. It follows the adventures of two criminals hired by police to catch a vagabond. The film was panned on release but is now considered a classic.

Lucifer: is a 2019 Malayalam-language action film. It dives into the gritty world of Kerala’s politics and has become one of the highest-grossing Malayalam films of all time.

Can NRIs vote in the election?

Indians residing overseas cannot cast their ballot abroad

Non-resident Indians or NRIs can vote only by going to a polling booth in their home constituency

There are about 3.1 million NRIs living overseas

Indians have urged political parties to extend the right to vote to citizens residing overseas

A committee of the Election Commission of India approved of proxy voting for non-resident Indians

Proxy voting means that a person can authorise someone residing in the same polling booth area to cast a vote on his behalf.

This option is currently available for the armed forces, police and government officials posted outside India

A bill was passed in the lower house of India’s parliament or the Lok Sabha to extend proxy voting to non-resident Indians

However, this did not come before the upper house or Rajya Sabha and has lapsed

The issue of NRI voting draws a huge amount of interest in India and overseas

Over the past few months, Indians have received messages on mobile phones and on social media claiming that NRIs can cast their votes online

The Election Commission of India then clarified that NRIs could not vote online

The Election Commission lodged a complaint with the Delhi Police asking it to clamp down on the people spreading misinformation

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Monster

Directed by: Anthony Mandler

Starring: Kelvin Harrison Jr., John David Washington 

3/5

 

The Sheikh Zayed Future Energy Prize

This year’s winners of the US$4 million Sheikh Zayed Future Energy Prize will be recognised and rewarded in Abu Dhabi on January 15 as part of Abu Dhabi Sustainable Week, which runs in the capital from January 13 to 20.

From solutions to life-changing technologies, the aim is to discover innovative breakthroughs to create a new and sustainable energy future.

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

Power: 819hp

Torque: 678Nm at 7,250rpm

Price: From Dh1,700,000

Available: Now

Brief scores:

Day 1

Toss: South Africa, field first

Pakistan (1st innings) 177: Sarfraz 56, Masood 44; Olivier 4-48

South Africa (1st innings) 123-2: Markram 78; Masood 1-4

Scoreline

Saudi Arabia 1-0 Japan

 Saudi Arabia Al Muwallad 63’

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  • Discounts on sales price of off-plan units
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  • 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