While US ambassador to the UN Nikki Haley, left, is pushing for aggressive confrontation with Iran, national security adviser HR McMaster, along with secretary-of-state Rex Tillerson, are proposing a more pragmatic approach: punish them for misbehaving, but don't rip up existing deals. AP
While US ambassador to the UN Nikki Haley, left, is pushing for aggressive confrontation with Iran, national security adviser HR McMaster, along with secretary-of-state Rex Tillerson, are proposing a more pragmatic approach: punish them for misbehaving, but don't rip up existing deals. AP
While US ambassador to the UN Nikki Haley, left, is pushing for aggressive confrontation with Iran, national security adviser HR McMaster, along with secretary-of-state Rex Tillerson, are proposing a more pragmatic approach: punish them for misbehaving, but don't rip up existing deals. AP
While US ambassador to the UN Nikki Haley, left, is pushing for aggressive confrontation with Iran, national security adviser HR McMaster, along with secretary-of-state Rex Tillerson, are proposing a

The US must find a third way over Iran, one that is neither reticent nor reckless


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The internal debate regarding the Trump administration's policy towards Iran is coming to a head. A sensible – and indeed significantly improved – American approach is now competing with foolish and potentially disastrous impulses. The coming weeks will provide very strong indications of which will prevail.
US president Donald Trump, UN ambassador Nikki Haley and others are pushing for an aggressive confrontation with Tehran. An improvement over Barack Obama's policies is clearly required, but their approach would surely be a dangerous over-correction.
This faction wants Washington to either abandon or sabotage the nuclear deal, beginning by at least declining to certify to Congress next month that Iran is in compliance with its obligations. That could easily lead to the unraveling of an arrangement that is, by all accounts, effectively restraining Iran's programme to develop nuclear weapons.

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Read more

Iran nuclear deal 'flawed' as it empowers Tehran

Lack of action from Trump Middle East policy

Trump weighing more aggressive Iran strategy in Gulf

Iran air defence improved but not game-changing, analysts say

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While limited strictly to nuclear issues, the deal is working so far. It makes no sense for Washington to scupper it. That’s a dream scenario for Iranian hardliners. They would have managed to get rid of the international sanctions by reaching a deal with Mr Obama, only to be relieved of their commitments by Mr Trump. Heads they win, tails we lose.

And it would be especially damaging, well beyond Iran-related issues, to American credibility and international leadership if Washington is perceived by the other global powers as having unilaterally and capriciously undone years of painstaking multilateral diplomacy, particularly if there is no plausible alternative stratagem that makes sense to anyone outside of the White House.

Thankfully, there are strong signs that a second administration faction, which wisely urges maintaining the nuclear agreement, while intensifying a range of other pressures and countermeasures against Iran, may be winning the day.

Defence secretary Jim Mattis, secretary of state Rex Tillerson, national security adviser HR McMaster and others presented a plan for such an approach at a recent National Security Council meeting.

Their proposal is designed to preserve the gains secured by the nuclear agreement and avoid the harm that scrapping or sabotaging it would cause to American interests, while intensifying policies designed to confront Iran's persistent destabilising policies.

These would include continued or expanded economic sanctions addressing a variety of non-nuclear issues, including Tehran's support for terrorism. Washington would intensify efforts to interdict Iranian weapons shipments to violent extremist organisations such as the Houthis in Yemen, Hamas in Gaza and radicals in Sinai.

The plan also proposes strengthened US engagement in Bahrain, particularly as evidence of Iranian-inspired and supported violent radicalism on the island continues to mount. The proposal also advocates that US naval forces react more aggressively if confronted or harassed by Iranian speedboats in international waters.

From what is known so far, this plan hardly seems perfect. It does not, for example, suggest doing anything serious to reverse Iran's domination of Syria, instead maintaining an exclusive focus on ISIL. It also fails to recognise the need or value of exploring potential grounds for US-Iranian cooperation. But it would help to correct some weaknesses of the Obama approach without the kind of reckless overreach Mr Trump has suggested.

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More on Iran in Opinion

Washington's vow to revise strategy towards Tehran is welcome

If the US walks away from the Iran nuclear deal, it will live to regret it

The nuclear deal has failed to curb Iran's weapons programme

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If such a relatively sophisticated approach ends up guiding Washington's stance on Iran, it would mark an improvement over Mr Obama's baffling naivety, while avoiding impulsiveness and rash mistakes.
In an encouraging sign that this comparatively nuanced perspective may be starting to prevail, Mr Trump on Thursday declined to re-impose some major sanctions against Iran, allowing a congressionally-mandated deadline for him to act to expire.
Moreover, Mr Tillerson is scheduled to meet with Iranian foreign minister Mohammad Javad Zarif at a September 20 meeting of the nuclear deal signatories.

In June, Mr Tillerson caused outrage in Tehran by suggesting Washington is seeking regime change as a long-term outcome in Iran. Next week's meeting could be a useful opportunity to clear the air.

A sophisticated approach to Iran would have to include balancing the virtues of sticking with the nuclear agreement – as long as it is really being implemented – and confronting Tehran over its aggressive and destabilising conduct.

But it also requires pursuing avenues of co-operation and confrontation with an eye to promoting, at the very least, significant and long-term strategic policy change, if not full regime change, in Iran.
That means, above all, recognising that Iran is neither a policy monolith, nor is it politically homogenous. Much of the population appears to want a very different approach to the outside world than the ruling faction. Even within the establishment, there are significant differences over strategy, foreign policy and basic international attitudes, and it matters which prevails.

Any major decision regarding Iran should involve a serious evaluation of how it will impact strategic thinking, decision-making and the balance of power within Iran. That is why a calibrated approach towards Tehran that avoids both Mr Obama's reticence and Mr Trump's recklessness would be greatly welcome. It may not be perfect, but the new plan is an important step in the right direction.

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Where to buy art books in the UAE

There are a number of speciality art bookshops in the UAE.

In Dubai, The Lighthouse at Dubai Design District has a wonderfully curated selection of art and design books. Alserkal Avenue runs a pop-up shop at their A4 space, and host the art-book fair Fully Booked during Art Week in March. The Third Line, also in Alserkal Avenue, has a strong book-publishing arm and sells copies at its gallery. Kinokuniya, at Dubai Mall, has some good offerings within its broad selection, and you never know what you will find at the House of Prose in Jumeirah. Finally, all of Gulf Photo Plus’s photo books are available for sale at their show. 

In Abu Dhabi, Louvre Abu Dhabi has a beautiful selection of catalogues and art books, and Magrudy’s – across the Emirates, but particularly at their NYU Abu Dhabi site – has a great selection in art, fiction and cultural theory.

In Sharjah, the Sharjah Art Museum sells catalogues and art books at its museum shop, and the Sharjah Art Foundation has a bookshop that offers reads on art, theory and cultural history.

All you need to know about Formula E in Saudi Arabia

What The Saudia Ad Diriyah E-Prix

When Saturday

Where Diriyah in Saudi Arabia

What time Qualifying takes place from 11.50am UAE time through until the Super Pole session, which is due to end at 12.55pm. The race, which will last for 45 minutes, starts at 4.05pm.

Who is competing There are 22 drivers, from 11 teams, on the grid, with each vehicle run solely on electronic power.

What is a robo-adviser?

Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.

These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.

Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.

Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.

SHOW COURTS ORDER OF PLAY

Wimbledon order of play on Saturday, July 8
All times UAE ( 4 GMT)

Centre Court (4pm)
Agnieszka Radwanska (9) v Timea Bacsinszky (19)
Ernests Gulbis v Novak Djokovic (2)
Mischa Zverev (27) v Roger Federer (3)

Court 1 (4pm)
Milos Raonic (6) v Albert Ramos-Vinolas (25)
Anett Kontaveit v Caroline Wozniacki (5)
Dominic Thiem (8) v Jared Donaldson

Court 2 (2.30pm)
Sorana Cirstea v Garbine Muguruza (14)
To finish: Sam Querrey (24) leads Jo-Wilfried Tsonga (12) 6-2, 3-6, 7-6, 1-6, 6-5
Angelique Kerber (1) v Shelby Rogers
Sebastian Ofner v Alexander Zverev (10)

Court 3 (2.30pm)
Grigor Dimitrov (13) v Dudi Sela
Alison Riske v Coco Vandeweghe (24)
David Ferrer v Tomas Berdych (11)

Court 12 (2.30pm)
Polona Hercog v Svetlana Kuznetsova (7)
Gael Monfils (15) v Adrian Mannarino

Court 18 (2.30pm)
Magdalena Rybarikova v Lesia Tsurenko
Petra Martic v Zarina Diyas

The Beach Bum

Director: Harmony Korine

Stars: Matthew McConaughey, Isla Fisher, Snoop Dogg

Two stars

Monday's results
  • UAE beat Bahrain by 51 runs
  • Qatar beat Maldives by 44 runs
  • Saudi Arabia beat Kuwait by seven wickets
The specs: 2018 Kia Picanto

Price: From Dh39,500

Engine: 1.2L inline four-cylinder

Transmission: Four-speed auto

Power: 86hp @ 6,000rpm

Torque: 122Nm @ 4,000rpm

Fuel economy, combined: 6.0L / 100km

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%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.0-litre%20four-cyl%20turbo%20%2B%20mild%20hybrid%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E204hp%20at%205%2C800rpm%20%2B23hp%20hybrid%20boost%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E320Nm%20at%201%2C800rpm%20%2B205Nm%20hybrid%20boost%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E9-speed%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E7.3L%2F100km%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENovember%2FDecember%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh205%2C000%20(estimate)%3C%2Fp%3E%0A

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.”

If you go

The flights 

Emirates flies from Dubai to Funchal via Lisbon, with a connecting flight with Air Portugal. Economy class returns cost from Dh3,845 return including taxes.

The trip

The WalkMe app can be downloaded from the usual sources. If you don’t fancy doing the trip yourself, then Explore  offers an eight-day levada trails tour from Dh3,050, not including flights.

The hotel

There isn’t another hotel anywhere in Madeira that matches the history and luxury of the Belmond Reid's Palace in Funchal. Doubles from Dh1,400 per night including taxes.

 

 

Electric scooters: some rules to remember
  • Riders must be 14-years-old or over
  • Wear a protective helmet
  • Park the electric scooter in designated parking lots (if any)
  • Do not leave electric scooter in locations that obstruct traffic or pedestrians
  • Solo riders only, no passengers allowed
  • Do not drive outside designated lanes
Feeding the thousands for iftar

Six industrial scale vats of 500litres each are used to cook the kanji or broth 

Each vat contains kanji or porridge to feed 1,000 people

The rice porridge is poured into a 500ml plastic box

350 plastic tubs are placed in one container trolley

Each aluminium container trolley weighing 300kg is unloaded by a small crane fitted on a truck

From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

'Cheb%20Khaled'
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The specs
Engine: 3.0-litre 6-cyl turbo

Power: 374hp at 5,500-6,500rpm

Torque: 500Nm from 1,900-5,000rpm

Transmission: 8-speed auto

Fuel consumption: 8.5L/100km

Price: from Dh285,000

On sale: from January 2022 

Healthy tips to remember

Here, Dr Mohamed El Abiary, paediatric consultant at Al Zahra Hospital Dubai, shares some advice for parents whose children are fasting during the holy month of Ramadan:

Gradual fasting and golden points - For children under the age of 10, follow a step-by-step approach to fasting and don't push them beyond their limits. Start with a few hours fasting a day and increase it to a half fast and full fast when the child is ready. Every individual's ability varies as per the age and personal readiness. You could introduce a points system that awards the child and offers them encouragement when they make progress with the amount of hours they fast

Why fast? - Explain to your child why they are fasting. By shedding light on the importance of abstaining from food and drink, children may feel more encouraged to give it there all during the observance period. It is also a good opportunity to teach children about controlling urges, doing good for others and instilling healthy food habits

Sleep and suhoor - A child needs adequate sleep every night - at least eight hours. Make sure to set a routine early bedtime so he/she has sufficient time to wake up for suhoor, which is an essential meal at the beginning of the day

Good diet - Nutritious food is crucial to ensuring a healthy Ramadan for children. They must refrain from eating too much junk food as well as canned goods and snacks and drinks high in sugar. Foods that are rich in nutrients, vitamins and proteins, like fruits, fresh meats and vegetables, make for a good balanced diet