People could be forgiven for thinking the world’s diplomats have been having a rather fruitless year. Almost three months into 2022, none of the world’s wars have ended and a new one has begun. Those responsible for pushing parties to peace often come up against old habits of intransigence, as well as a lack of public interest. War and angry rhetoric capture imagination and attention, but multilateral sessions and dialogues do not.
Much of what diplomats discuss cannot even be aired in the open – so fragile are the potential gains from compromise. But when they are achieved, they can seem near miraculous.
News yesterday that Armenia and Turkey might be close to normalising relations is a good example, and proof that even what appear to be the most intractable of issues, can be solved.
Few bilateral relationships have been as complex during the past century. Rooted in an extremely painful and contested history, simmering tensions exploded into outright war in 2020 in Nagorno-Karabakh, when Armenian and Turkish-backed Azerbaijani forces fought over the ethnic Armenian province that broke away from Baku during the early 1990s. Five thousand soldiers are thought to have died, as well as hundreds of civilians. Turkish-supplied drones, which are now being used in Ukraine, were instrumental in Azerbaijan's relatively swift but deadly victory.
For Armenians, who were already struggling with economic malaise and political turmoil at home – similar to their Turkish neighbours – losing another piece of territory to ethnic Turks brought up historical reminders of their horrific, deadly persecution and flight from the ruins of the Ottoman Empire in the beginning of the 20th century.
In spite of all this, both sides appear to be rising above the tumult and choosing peace. According to what Armenian Foreign Minister Ararat Mirzoyan told the Turkish state-run Anadolu news agency on Tuesday, Yerevan and Ankara are not only close to establishing diplomatic relations, but also opening the more than 300-kilometre border between both. It would be a significant commercial boost that both struggling economies need, and a victory not just on the bilateral and regional level – the Caucuses is often described as an even more complicated, fraught version of the Balkans – but globally, bucking what appears to be the growing weakness of international diplomacy.
Constant vigilance will be required to keep up momentum if relations are established. It will not be easy. Faltering truces and geopolitical balancing acts from the Balkans to the Middle East, driven by bitter camps at home and nefarious foreign influence, are a reminder that peace requires constant work to prevent a descent into blinkered nationalism.
By accepting this mission and the intense work it will require, Armenia and Turkey are choosing in many ways the harder and longer, but infinitely more responsible path of peace. By not allowing the past to be an impediment in the present, they are acknowledging that what is done is done, but what is yet to come can be shaped by officials and society to boost common prosperity. As is so often a feature of the most bitter historic rivalries, both sides actually have much in common. Healing historic bitterness might still be a long way off, but with both sides talking and trading, it is one important step closer.
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Infiniti QX80 specs
Engine: twin-turbocharged 3.5-liter V6
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Results
1. Lewis Hamilton (Mercedes) 1hr 32mins 03.897sec
2. Max Verstappen (Red Bull-Honda) at 0.745s
3. Valtteri Bottas (Mercedes) 37.383s
4. Lando Norris (McLaren) 46.466s
5.Sergio Perez (Red Bull-Honda) 52.047s
6. Charles Leclerc (Ferrari) 59.090s
7. Daniel Ricciardo (McLaren) 1:06.004
8. Carlos Sainz Jr (Ferrari) 1:07.100
9. Yuki Tsunoda (AlphaTauri-Honda) 1:25.692
10. Lance Stroll (Aston Martin-Mercedes) 1:26.713,
Company profile
Company: Verity
Date started: May 2021
Founders: Kamal Al-Samarrai, Dina Shoman and Omar Al Sharif
Based: Dubai
Sector: FinTech
Size: four team members
Stage: Intially bootstrapped but recently closed its first pre-seed round of $800,000
Investors: Wamda, VentureSouq, Beyond Capital and regional angel investors
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The years Ramadan fell in May
RESULT
Australia 3 (0) Honduras 1 (0)
Australia: Jedinak (53', 72' pen, 85' pen)
Honduras: Elis (90 4)
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Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
Wicked: For Good
Director: Jon M Chu
Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater
Rating: 4/5
THE SPECS
Engine: 3-litre V6
Transmission: eight-speed automatic
Power: 424hp
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Gulf Under 19s final
Dubai College A 50-12 Dubai College B
The specs
Engine: 2.0-litre 4-cylinder turbo
Power: 258hp from 5,000-6,500rpm
Torque: 400Nm from 1,550-4,000rpm
Transmission: Eight-speed auto
Fuel consumption: 6.1L/100km
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The Cockroach
(Vintage)
Ian McEwan
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How to keep control of your emotions
If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.
Greed
Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.
Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.
Fear
The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.
Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.
Hope
While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.
Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.
Frustration
Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.
Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.
Boredom
Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.
Tip: Open an online demo account and get your thrills without risking real money.
Earth under attack: Cosmic impacts throughout history
- 4.5 billion years ago: Mars-sized object smashes into the newly-formed Earth, creating debris that coalesces to form the Moon
- 66 million years ago: 10km-wide asteroid crashes into the Gulf of Mexico, wiping out over 70 per cent of living species – including the dinosaurs.
- 50,000 years ago: 50m-wide iron meteor crashes in Arizona with the violence of 10 megatonne hydrogen bomb, creating the famous 1.2km-wide Barringer Crater
- 1490: Meteor storm over Shansi Province, north-east China when large stones “fell like rain”, reportedly leading to thousands of deaths.
- 1908: 100-metre meteor from the Taurid Complex explodes near the Tunguska river in Siberia with the force of 1,000 Hiroshima-type bombs, devastating 2,000 square kilometres of forest.
- 1998: Comet Shoemaker-Levy 9 breaks apart and crashes into Jupiter in series of impacts that would have annihilated life on Earth.
-2013: 10,000-tonne meteor burns up over the southern Urals region of Russia, releasing a pressure blast and flash that left over 1600 people injured.
The specs: 2018 Dodge Durango SRT
Price, base / as tested: Dh259,000
Engine: 6.4-litre V8
Power: 475hp @ 6,000rpm
Torque: 640Nm @ 4,300rpm
Transmission: Eight-speed automatic
Fuel consumption, combined: 7.7L / 100km
'Brazen'
Director: Monika Mitchell
Starring: Alyssa Milano, Sam Page, Colleen Wheeler
Rating: 3/5
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