We say goodbye to 2012 without regret. 2012 has been a very difficult year for the peace-loving people of this region: in Gaza and the West Bank, and in Israel. But 2013 can be different, if we have the collective political will to make it so - to make 2013 the year of peace.
For that wish to become reality, we need a new US-led peace initiative as soon as possible, early in the first year of President Barack Obama's second term of office.
The US president knows the issues well. His initiative will need to be backed strongly by the European states, and to obtain full engagement both by the Palestinian leadership and the Israeli government formed after the January 22 elections there.
That will require bold and decisive leadership from both parties to this conflict, which has lasted for too long, and from the United States, which is uniquely able to influence both parties to enter into credible negotiations, without preconditions, leading to a permanent agreement resolving all issues and ending all disputed claims.
Achieving a two-state solution to the Israeli-Palestinian conflict is one of Britain's top international priorities.
We support a negotiated agreement leading to a safe and secure Israel living alongside a viable and sovereign Palestinian state, based on 1967 borders, with agreed land swaps, with Jerusalem as the shared capital of both states and with a just, fair and agreed settlement for refugees.
That is the only way to secure a sustainable end to the conflict. To achieve it will require a US-led effort on a scale not seen since the Oslo Accords.
The impasse in the peace process over the last two years has harmed the interests of the people directly affected by this conflict, and the interests of the international community. We need to break this vicious circle of absence of talks and lack of trust.
That will require efforts from all sides, including the Palestinian leadership and all of the neighbours of the Palestinian people as well.
In the last two years, we have witnessed systematic settlement expansion; this has been condemned by the United Kingdom's government and by the international community, since settlements undermine the foundations of a two-state solution, which is in real and present danger.
All settlements are contrary to international humanitarian law, and are thus illegal. The creation of new settlements, such as Givat Hamatos or E1, is contrary to commitments made under the 2002 Roadmap.
In our view, the best response to such provocative settlement expansion is to maintain the focus on the goal of a negotiated, just and lasting agreement, and once more to offer the hand of peace.
We know that President Mahmoud Abbas is a man of courage, a man of peace. We respect him and his powers of leadership.
The present impasse benefits only those who want to build settlements. A comprehensive peace agreement can end the unsustainable situation in Gaza and the West Bank, which remains our goal.
For the people of Gaza and of Israel we wish peace in 2013. We support the courageous efforts of Egypt to secure a lasting ceasefire.
Children in Israel and in Gaza need to be able to go to school without fear. We want to see Gaza rebuild its future - a future tied indissolubly to the West Bank, as envisaged by President Abbas, with free movement of goods, services and people.
The Palestinian Authority is the legitimate authority in Gaza, as in the West Bank. We firmly support the Palestinian Authority, which has passed the test of carrying out the functions of a state, and deserves and needs to succeed.
So we call on the Israeli government to resume the transfer of Palestinian tax revenues to the Palestinian Authority, and we ask Arab states to fulfil their commitments to the PA in this time of need. The British ministry of international development will continue to invest more than $150 million (Dh551m) a year to help Palestinian development in 2013, and beyond.
For 2013, the Palestinian people deserve to enjoy the same rights and dignity as the people of any other nation on Earth, living side by side in peace and security with all their neighbours: Israel, Egypt, Syria and Jordan.
Achieving this honourable goal is a shared responsibility, and a heavy one. If progress through negotiations is not made in 2013, then the two-state solution could become impossible to achieve.
The United Kingdom is prepared to play its part in 2013, in what needs to be the decisive year for peace in the Middle East.
Sir Vincent Fean is the British consul general in Jerusalem
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Kanguva
Director: Siva
Stars: Suriya, Bobby Deol, Disha Patani, Yogi Babu, Redin Kingsley
Graduated from the American University of Sharjah
She is the eldest of three brothers and two sisters
Has helped solve 15 cases of electric shocks
Enjoys travelling, reading and horse riding
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.
Queen
Nicki Minaj
(Young Money/Cash Money)
Business Insights
- As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses.
- SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income.
- Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
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Disclaimer
Director: Alfonso Cuaron
Stars: Cate Blanchett, Kevin Kline, Lesley Manville
Rating: 4/5
Citadel: Honey Bunny first episode
Directors: Raj & DK
Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon
Rating: 4/5
Founders: Ines Mena, Claudia Ribas, Simona Agolini, Nourhan Hassan and Therese Hundt
Date started: January 2017, app launched November 2017
Based: Dubai, UAE
Sector: Private/Retail/Leisure
Number of Employees: 18 employees, including full-time and flexible workers
Funding stage and size: Seed round completed Q4 2019 - $1m raised
Funders: Oman Technology Fund, 500 Startups, Vision Ventures, Seedstars, Mindshift Capital, Delta Partners Ventures, with support from the OQAL Angel Investor Network and UAE Business Angels
From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5
Scoreline
Chelsea 1
Azpilicueta (36')
West Ham United 1
Hernandez (73')
KEY HIGHLIGHTS
Healthcare spending to double to $2.2 trillion rupees
Launched a 641billion-rupee federal health scheme
Allotted 200 billion rupees for the recapitalisation of state-run banks
Around 1.75 trillion rupees allotted for privatisation and stake sales in state-owned assets
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
The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
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
The specs
Engine: Direct injection 4-cylinder 1.4-litre
Power: 150hp
Torque: 250Nm
Price: From Dh139,000
On sale: Now
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Company%20profile
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RedCrow Intelligence Company Profile
Started: 2016
Founders: Hussein Nasser Eddin, Laila Akel, Tayeb Akel
Based: Ramallah, Palestine
Sector: Technology, Security
# of staff: 13
Investment: $745,000
Investors: Palestine’s Ibtikar Fund, Abu Dhabi’s Gothams and angel investors
UAE currency: the story behind the money in your pockets
Batti Gul Meter Chalu
Producers: KRTI Productions, T-Series
Director: Sree Narayan Singh
Cast: Shahid Kapoor, Shraddha Kapoor, Divyenndu Sharma, Yami Gautam
Rating: 2/5
Company%20Profile
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The Bio
Favourite vegetable: “I really like the taste of the beetroot, the potatoes and the eggplant we are producing.”
Holiday destination: “I like Paris very much, it’s a city very close to my heart.”
Book: “Das Kapital, by Karl Marx. I am not a communist, but there are a lot of lessons for the capitalist system, if you let it get out of control, and humanity.”
Musician: “I like very much Fairuz, the Lebanese singer, and the other is Umm Kulthum. Fairuz is for listening to in the morning, Umm Kulthum for the night.”
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Company%20Profile
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'Shakuntala Devi'
Starring: Vidya Balan, Sanya Malhotra
Director: Anu Menon
Rating: Three out of five stars
Pad Man
Dir: R Balki
Starring: Akshay Kumar, Sonam Kapoor, Radhika Apte
Three-and-a-half stars