Both Afghan president Ashraf Ghani and chief executive Abudullah Abdullah are aware that a conflict between them would create political space for the Taliban. Wakil Kohsar / AFP
Both Afghan president Ashraf Ghani and chief executive Abudullah Abdullah are aware that a conflict between them would create political space for the Taliban. Wakil Kohsar / AFP

The Taliban pose a threat beyond Afghanistan



While looking into the future is fraught with peril, the general consensus seems to be that Afghanistan is likely to remain unstable. There are reasonable grounds to support this conclusion.

Before this year’s presidential election, I expressed the view that the two front-runners, Ashraf Ghani and Abdullah Abdullah, were likely to find a power-sharing formula. My view was based on the fact that both were aware that a conflict between them would create political space for the Taliban, which neither candidate nor most Afghan people wanted.

They found the formula, but nobody knows exactly how it will work. I say this on the assumption that the formula is, at least slightly, extra-constitutional – and therefore both the president, Mr Ghani, and the chief executive, Mr Abdullah, are weakened by it.

The probability of friction between them is heightened by the fact that they are both likely to be contestants at the next elections.

Since the election, a Bilateral Security Agreement (BSA) has been signed between Afghanistan and the US. Consequently, even as it draws down its military presence, the US plans to leave behind about 10,000 soldiers at designated bases.

But that is not all: another 30,000 or so American contractors, and their security personnel, will also be in Afghanistan for the foreseeable future. The prolonged presence of foreign troops is, in itself, a catalyst to possible insecurity, the Afghan Taliban have announced their intention to continue their “war” so long as there is even a single American soldier in Afghanistan.

While neighbouring countries are worried about the insecurity that might be exported from Afghanistan, few of those neighbours are sufficiently secure internally. As a result, Afghanistan is equally concerned about insecurity that might be exported by its neighbours.

Meanwhile, Pakistani analysts continue to fret over increasing Indian interference in Afghanistan and its impact on the Afghan leadership which, under the former president Hamid Karzai, was not very friendly to Pakistan.

The Afghanistan leadership is not unaware of geostrategic realities. The first major foreign policy decision of the new administration was an agreement between Afghanistan and Pakistan to set electricity transit fees from Central Asia to South Asia.

Meanwhile, Pashtun in Afghanistan have an inherent distrust of India. This distrust has little logical basis, but it exists. Whoever heads the Afghan government is conscious that Afghanistan is landlocked and with very limited agricultural resources. Its economy is dependent on its mineral resources and commerce.

Delhi might be disturbed by Kabul’s first foreign policy initiative, and Washington and Islamabad might be viewing it as a success. I look at it as merely the victory of Afghan pragmatism – this is the beginning of the inevitable shift in the Afghan regional view.

Kabul was, and will remain, more than willing to encourage Indian investment but, when it comes to improving relations, it will accord priority to Afghan interests, as it should.

Pakistan will always be Kabul’s prefered partner for commercial transactions – unless, of course, Islamabad chooses to deny Kabul this option, which would be the height of stupidity. That Pakistan is cleaning up its Augean Stables in North Waziristan should serve to reassure Kabul.

On the other hand, while some friction between Afghanistan’s two leaders is inevitable, I am fairly certain that both will try to make things work out between them. For both of them, the Taliban resolve to continue their war against the state is an extremely powerful motivation.

From my perspective, the security situation in the region is likely to improve. However, there seem to be two jokers in this deck: India, which seems intent on creating further instability in Pakistan, and the US. So long as America’s troops stay benign and mindful of Afghan interests, and refrain from interference unless invited, things will ­improve.

But, if the US acts like the local bully, things could change overnight. In the latter eventuality, I would not be surprised if Kabul revoked the BSA.

About a year ago, the US was willing to offer a role to the Chinese in Afghanistan. At that time, Beijing was not prepared to accept. Perhaps the two could not accommodate each other’s requirements. Today, Beijing is willing, but the question is whether Washington still is. Or is the US administration viewing its bases in Afghanistan as part of its China-containment policy?

If it is the latter, then we might find another ISIL emerging in Afghanistan, led by the Afghan Taliban. If that unwelcome scenario happens, Pakistan, even more than Afghanistan, will be in the eye of the storm.

Brig Shaukat Qadir is a retired Pakistani infantry officer

Notable cricketers and political careers
  • India: Kirti Azad, Navjot Sidhu and Gautam Gambhir (rumoured)
  • Pakistan: Imran Khan and Shahid Afridi (rumoured)
  • Sri Lanka: Arjuna Ranatunga, Sanath Jayasuriya, Tillakaratne Dilshan (rumoured)
  • Bangladesh (Mashrafe Mortaza)
STAGE 4 RESULTS

1 Sam Bennett (IRL) Deceuninck-QuickStep - 4:51:51

2 David Dekker (NED) Team Jumbo-Visma

3 Caleb Ewan (AUS) Lotto Soudal 

4 Elia Viviani (ITA) Cofidis

5 Matteo Moschetti (ITA) Trek-Segafredo

General Classification

1 Tadej Pogacar (SLO) UAE Team Emirates - 12:50:21

2 Adam Yates (GBR) Teamn Ineos Grenadiers - 0:00:43

3 Joao Almeida (POR) Deceuninck-QuickStep - 0:01:03

4 Chris Harper (AUS) Jumbo-Visma - 0:01:43

5 Neilson Powless (USA) EF Education-Nippo - 0:01:45

THE BIG THREE

NOVAK DJOKOVIC
19 grand slam singles titles
Wimbledon: 5 (2011, 14, 15, 18, 19)
French Open: 2 (2016, 21)
US Open: 3 (2011, 15, 18)
Australian Open: 9 (2008, 11, 12, 13, 15, 16, 19, 20, 21)
Prize money: $150m

ROGER FEDERER
20 grand slam singles titles
Wimbledon: 8 (2003, 04, 05, 06, 07, 09, 12, 17)
French Open: 1 (2009)
US Open: 5 (2004, 05, 06, 07, 08)
Australian Open: 6 (2004, 06, 07, 10, 17, 18)
Prize money: $130m

RAFAEL NADAL
20 grand slam singles titles
Wimbledon: 2 (2008, 10)
French Open: 13 (2005, 06, 07, 08, 10, 11, 12, 13, 14, 17, 18, 19, 20)
US Open: 4 (2010, 13, 17, 19)
Australian Open: 1 (2009)
Prize money: $125m

MATCH INFO

Red Star Belgrade v Tottenham Hotspur, midnight (Thursday), UAE

The specs

Engine: 4.0-litre twin-turbo V8
Power: 680hp at 6,000rpm
Torque: 800Nm at 2,750-6,000rpm
Transmission: Rear-mounted eight-speed auto
Fuel consumption: 13.6L/100km
On sale: Orderbook open; deliveries start end of year
Price: From Dh970,000

The struggle is on for active managers

David Einhorn closed out 2018 with his biggest annual loss ever for the 22-year-old Greenlight Capital.

The firm’s main hedge fund fell 9 per cent in December, extending this year’s decline to 34 percent, according to an investor update viewed by Bloomberg.

Greenlight posted some of the industry’s best returns in its early years, but has stumbled since losing more than 20 per cent in 2015.

Other value-investing managers have also struggled, as a decade of historically low interest rates and the rise of passive investing and quant trading pushed growth stocks past their inexpensive brethren. Three Bays Capital and SPO Partners & Co., which sought to make wagers on undervalued stocks, closed in 2018. Mr Einhorn has repeatedly expressed his frustration with the poor performance this year, while remaining steadfast in his commitment to value investing.

Greenlight, which posted gains only in May and October, underperformed both the broader market and its peers in 2018. The S&P 500 Index dropped 4.4 per cent, including dividends, while the HFRX Global Hedge Fund Index, an early indicator of industry performance, fell 7 per cent through December. 28.

At the start of the year, Greenlight managed $6.3 billion in assets, according to a regulatory filing. By May, the firm was down to $5.5bn. 

Company profile

Company name: Hayvn
Started: 2018
Founders: Christopher Flinos, Ahmed Ismail
Based: Abu Dhabi, UAE
Sector: financial
Initial investment: undisclosed
Size: 44 employees
Investment stage: series B in the second half of 2023
Investors: Hilbert Capital, Red Acre Ventures

ROUTE TO TITLE

Round 1: Beat Leolia Jeanjean 6-1, 6-2
Round 2: Beat Naomi Osaka 7-6, 1-6, 7-5
Round 3: Beat Marie Bouzkova 6-4, 6-2
Round 4: Beat Anastasia Potapova 6-0, 6-0
Quarter-final: Beat Marketa Vondrousova 6-0, 6-2
Semi-final: Beat Coco Gauff 6-2, 6-4
Final: Beat Jasmine Paolini 6-2, 6-2

COMPANY PROFILE

Name: Mamo

Year it started: 2019 Founders: Imad Gharazeddine, Asim Janjua

Based: Dubai, UAE

Number of employees: 28

Sector: Financial services

Investment: $9.5m

Funding stage: Pre-Series A Investors: Global Ventures, GFC, 4DX Ventures, AlRajhi Partners, Olive Tree Capital, and prominent Silicon Valley investors.

The Specs

Engine: 1.6-litre 4-cylinder petrol
Power: 118hp
Torque: 149Nm
Transmission: Six-speed automatic
Price: From Dh61,500
On sale: Now

Queen

Nicki Minaj

(Young Money/Cash Money)

Company Profile

Company name: myZoi
Started: 2021
Founders: Syed Ali, Christian Buchholz, Shanawaz Rouf, Arsalan Siddiqui, Nabid Hassan
Based: UAE
Number of staff: 37
Investment: Initial undisclosed funding from SC Ventures; second round of funding totalling $14 million from a consortium of SBI, a Japanese VC firm, and SC Venture

How to watch Ireland v Pakistan in UAE

When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.

MATCH INFO

England 19 (Try: Tuilagi; Cons: Farrell; Pens: Ford (4)

New Zealand 7 (Try: Savea; Con: Mo'unga)

Poacher

Director: Richie Mehta

Starring: Nimisha Sajayan, Roshan Mathew, Dibyendu Bhattacharya

Rating: 3/5

The Outsider

Stephen King, Penguin

The specs: 2018 Nissan Patrol Nismo

Price: base / as tested: Dh382,000

Engine: 5.6-litre V8

Gearbox: Seven-speed automatic

Power: 428hp @ 5,800rpm

Torque: 560Nm @ 3,600rpm

Fuel economy, combined: 12.7L / 100km

MATCH INFO

FA Cup final

Chelsea 1
Hazard (22' pen)

Manchester United 0

Man of the match: Eden Hazard (Chelsea)

The biog

Fast facts on Neil Armstrong’s personal life:

  • Armstrong was born on August 5, 1930, in Wapakoneta, Ohio
  • He earned his private pilot’s license when he was 16 – he could fly before he could drive
  • There was tragedy in his married life: Neil and Janet Armstrong’s daughter Karen died at the age of two in 1962 after suffering a brain tumour. She was the couple’s only daughter. Their two sons, Rick and Mark, consulted on the film
  • After Armstrong departed Nasa, he bought a farm in the town of Lebanon, Ohio, in 1971 – its airstrip allowed him to tap back into his love of flying
  • In 1994, Janet divorced Neil after 38 years of marriage. Two years earlier, Neil met Carol Knight, who became his second wife in 1994 
The Year Earth Changed

Directed by:Tom Beard

Narrated by: Sir David Attenborough

Stars: 4

The specs: 2019 Mercedes-Benz C200 Coupe


Price, base: Dh201,153
Engine: 2.0-litre turbocharged four-cylinder
Transmission: Nine-speed automatic
Power: 204hp @ 5,800rpm
Torque: 300Nm @ 1,600rpm
Fuel economy, combined: 6.7L / 100km