In a historic first, Indian president Pranab Mukherjee has travelled to Israel and Palestine for the first ever visit to these territories by an Indian head of state. Tomohiro Ohsumi / Bloomberg
In a historic first, Indian president Pranab Mukherjee has travelled to Israel and Palestine for the first ever visit to these territories by an Indian head of state. Tomohiro Ohsumi / Bloomberg

India telegraphs its intentions with state visit to Israel



In a historic first, Indian president Pranab Mukherjee has travelled to Israel and Palestine for the first ever visit to these territories by an Indian head of state. Despite India sharing 23 years of diplomatic ties with Israel and working closely on defence, counter- terrorism, agriculture and energy related issues, no Indian prime minister or president has ever previously visited it.

Later this year, Narendra Modi is also likely to become the first prime minister of India to visit Israel. Mr Modi had visited Israel as the chief minister of Gujarat in 2006. And as Indian prime minister, he met Benjamin Netanyahu on the sidelines of the UN General Assembly last year.

A hallmark of Mr Modi’s foreign policy has been a self-confident assertion of Indian interests. This is reflected in his government’s moves in relation to Israel, marking a distinct break from the diffidence of the past.

There has been a steady strengthening of India’s relationship with Israel ever since the two established full diplomatic relations in 1992.

In contrast to the back-channel security ties that existed before the normalisation of bilateral relations, India has been more willing to carve out a mutually beneficial relationship with Israel, including strengthening military ties and countering the threat terrorism poses to the two societies.

Over the years, the Indian government has also toned down its reactions to Israel’s treatment of Palestinians.

India has also begun denouncing violent acts in Israel, something that was seen earlier as rather justified in light of the Israeli policies against Palestinians. India is no longer initiating anti-Israel resolutions at the UN. This re-evaluation has been based on the belief that India’s largely pro-Arab stance in the Middle East has not been always adequately rewarded.

India has received little backing over the issue of Kashmir. Generally, the Arab world has stood by Pakistan, using the Organisation of Islamic Conference to build support for Islamabad in Kashmir. If some Arab countries, such as Jordan, have been able to keep their traditional ties with the Palestinians intact while building a new relationship with Israel, there is no reason for India not to take a similar route is the argument that holds sway in New Delhi.

Keeping India’s wider strategic interests in perspective, successive Indian governments since the early 1990s have walked a line between expressing genuine concern for the Palestinian cause and expanding its commercial and defence ties with Israel. India is the world’s largest buyer of Israeli weaponry and was Israel’s third largest trading partner in Asia in 2013 after China and Hong Kong.

On several occasions, Israel was willing to step up its arms sales to India after other major states curbed their technological exports following India’s May 1998 nuclear tests. When India was planning to undertake a limited military strike against Pakistan in June 2002 as part of Operation Parakram, Israel supplied hardware through special planes. Previous Indian governments had been reticent in acknowledging Israel’s partnership.

In diplomacy, public affirmation of friendships at the highest levels is often as important as drawing redlines for adversaries. After a major outreach to the UAE, the Modi government is also taking a step forward in its ties with Tel Aviv in the belief that an open relationship with Israel serves India well.

Harsh V Pant is a reader in international studies at King’s College London

If you go

Flight connections to Ulaanbaatar are available through a variety of hubs, including Seoul and Beijing, with airlines including Mongolian Airlines and Korean Air. While some nationalities, such as Americans, don’t need a tourist visa for Mongolia, others, including UAE citizens, can obtain a visa on arrival, while others including UK citizens, need to obtain a visa in advance. Contact the Mongolian Embassy in the UAE for more information.

Nomadic Road offers expedition-style trips to Mongolia in January and August, and other destinations during most other months. Its nine-day August 2020 Mongolia trip will cost from $5,250 per person based on two sharing, including airport transfers, two nights’ hotel accommodation in Ulaanbaatar, vehicle rental, fuel, third party vehicle liability insurance, the services of a guide and support team, accommodation, food and entrance fees; nomadicroad.com

A fully guided three-day, two-night itinerary at Three Camel Lodge costs from $2,420 per person based on two sharing, including airport transfers, accommodation, meals and excursions including the Yol Valley and Flaming Cliffs. A return internal flight from Ulaanbaatar to Dalanzadgad costs $300 per person and the flight takes 90 minutes each way; threecamellodge.com

The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
Power: 268bhp / 536bhp
Torque: 343Nm / 686Nm
Transmission: Single-speed automatic
Max touring range: 620km / 590km
Price: From Dh250,000 (estimated)
On sale: Later this year
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Company%20Profile
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The specs: 2018 Peugeot 5008

Price, base / as tested: Dh99,900 / Dh134,900

Engine: 1.6-litre turbocharged four-cylinder

Transmission: Six-speed automatic

Power: 165hp @ 6,000rpm

Torque: 240Nm @ 1,400rpm

Fuel economy, combined: 5.8L / 100km

Company%20Profile
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The specs

Engine: 3.0-litre 6-cyl turbo

Power: 435hp at 5,900rpm

Torque: 520Nm at 1,800-5,500rpm

Transmission: 9-speed auto

Price: from Dh498,542

On sale: now

The specs

Engine: 1.5-litre 4-cylinder petrol

Power: 154bhp

Torque: 250Nm

Transmission: 7-speed automatic with 8-speed sports option 

Price: From Dh79,600

On sale: Now

The specs
Engine: 2.7-litre 4-cylinder Turbomax
Power: 310hp
Torque: 583Nm
Transmission: 8-speed automatic
Price: From Dh192,500
On sale: Now
COMPANY%20PROFILE%20
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The years Ramadan fell in May

1987

1954

1921

1888

SPEC%20SHEET%3A%20APPLE%20M3%20MACBOOK%20AIR%20(13%22)
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Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

APPLE IPAD MINI (A17 PRO)

Display: 21cm Liquid Retina Display, 2266 x 1488, 326ppi, 500 nits

Chip: Apple A17 Pro, 6-core CPU, 5-core GPU, 16-core Neural Engine

Storage: 128/256/512GB

Main camera: 12MP wide, f/1.8, digital zoom up to 5x, Smart HDR 4

Front camera: 12MP ultra-wide, f/2.4, Smart HDR 4, full-HD @ 25/30/60fps

Biometrics: Touch ID, Face ID

Colours: Blue, purple, space grey, starlight

In the box: iPad mini, USB-C cable, 20W USB-C power adapter

Price: From Dh2,099

JAPANESE GRAND PRIX INFO

Schedule (All times UAE)
First practice: Friday, 5-6.30am
Second practice: Friday, 9-10.30am
Third practice: Saturday, 7-8am
Qualifying: Saturday, 10-11am
Race: Sunday, 9am-midday 

Race venue: Suzuka International Racing Course
Circuit Length: 5.807km
Number of Laps: 53
Watch live: beIN Sports HD

COMPANY%20PROFILE
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The specs
Engine: 3.0-litre twin-turbo flat-six

Power: 480hp at 6,500rpm

Torque: 570Nm from 2,300-5,000rpm

Transmission: 8-speed dual-clutch auto

Fuel consumption: 10.4L/100km

Price: from Dh547,600

On sale: now 

Company%20Profile
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Jigra
Director: Vasan Bala
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
Rated: 3.5/5
SPEC%20SHEET%3A%20APPLE%20IPAD%20(2022)
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Our legal consultants

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

BEETLEJUICE BEETLEJUICE

Starring: Winona Ryder, Michael Keaton, Jenny Ortega

Director: Tim Burton

Rating: 3/5

Stree

Producer: Maddock Films, Jio Movies
Director: Amar Kaushik
Cast: Rajkummar Rao, Shraddha Kapoor, Pankaj Tripathi, Aparshakti Khurana, Abhishek Banerjee
Rating: 3.5

COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
UAE currency: the story behind the money in your pockets
How to play the stock market recovery in 2021?

If you are looking to build your long-term wealth in 2021 and beyond, the stock market is still the best place to do it as equities powered on despite the pandemic.

Investing in individual stocks is not for everyone and most private investors should stick to mutual funds and ETFs, but there are some thrilling opportunities for those who understand the risks.

Peter Garnry, head of equity strategy at Saxo Bank, says the 20 best-performing US and European stocks have delivered an average return year-to-date of 148 per cent, measured in local currency terms.

Online marketplace Etsy was the best performer with a return of 330.6 per cent, followed by communications software company Sinch (315.4 per cent), online supermarket HelloFresh (232.8 per cent) and fuel cells specialist NEL (191.7 per cent).

Mr Garnry says digital companies benefited from the lockdown, while green energy firms flew as efforts to combat climate change were ramped up, helped in part by the European Union’s green deal. 

Electric car company Tesla would be on the list if it had been part of the S&P 500 Index, but it only joined on December 21. “Tesla has become one of the most valuable companies in the world this year as demand for electric vehicles has grown dramatically,” Mr Garnry says.

By contrast, the 20 worst-performing European stocks fell 54 per cent on average, with European banks hit by the economic fallout from the pandemic, while cruise liners and airline stocks suffered due to travel restrictions.

As demand for energy fell, the oil and gas industry had a tough year, too.

Mr Garnry says the biggest story this year was the “absolute crunch” in so-called value stocks, companies that trade at low valuations compared to their earnings and growth potential.

He says they are “heavily tilted towards financials, miners, energy, utilities and industrials, which have all been hit hard by the Covid-19 pandemic”. “The last year saw these cheap stocks become cheaper and expensive stocks have become more expensive.” 

This has triggered excited talk about the “great value rotation” but Mr Garnry remains sceptical. “We need to see a breakout of interest rates combined with higher inflation before we join the crowd.”

Always remember that past performance is not a guarantee of future returns. Last year’s winners often turn out to be this year’s losers, and vice-versa.