Prisoner swap a victory for Palestinians



Shalit swap deal marks a Palestinian triumph

Thanks to the Palestinian armed resistance and to the Egyptian revolution, Palestinians were able to celebrate yesterday the release of hundreds of Palestinian men and women from Israeli prisons, commented Abdelbari Atwan, the editor of the London-based newspaper Al Quds Al Arabi, in a column yesterday.

The Egypt-brokered prisoner swap deal between Hamas and Israel, by virtue of which a total of 1,027 Palestinian prisoners will be released from Israeli jails against one Israeli soldier - Gilad Shalit - who was freed by Hamas yesterday, is "one of the most remarkable Palestinian triumphs" over Israeli arrogance.

Israel considers Hamas, which rules over the Gaza Strip, a terrorist organisation, and Hamas does not recognise Israel as a state.

"This deal has broken all the Israeli taboos," the editor said, "the taboo of negotiating with 'the terrorists'; the taboo of yielding to the other party's terms; and the taboo of freeing hands stained with Jewish blood … Now some Palestinian prisoners who were given up to 10 life sentences back to back are released."

These unprecedented Israeli concessions would not have been conceivable before the historic geopolitical alterations that took the Arab world by storm.

The Israeli prime minister Benjamin Netanyahu accepted a swap deal that his predecessor Ehud Olmert refused. Because Mr Netanyahu knows that things have changed in the region.

Egypt must focus on illegal money inside

Why are Egyptians so obsessed with getting back the Egyptian money transferred abroad while they can dedicate themselves to recovering money obtained illegally at home," observed Maamoun Fandi in an article for the pan-Arab newspaper Asharq Al Awsat.

During Hosni Mubarak's rule, many businessmen were granted large swathes of premium agricultural lands with prices that were less than their market value. Instead of hunting migrating Egyptian money in countries whose laws we know little about, why do not journalists go searching in the Ministry of Agriculture for records and file cases?

The Ministry of Agriculture, for its part, can ask those businessmen to pay back the price difference. Thus, the state can earn huge amounts of money, and avoid borrowing from neighbouring countries.

The same applies to banks and other financial institutions, which granted loans in violation of financial standards. According to a report by the Central Auditing Authority, which was made public in 2008, the majority of large loans were given to 94 businessmen aided by the political influence of Mubarak and his sons.

This is only the tip of the iceberg. The ongoing hunt for the Egyptian funds abroad is reminiscent of the campaign undertaken by many groups to recuperate the stolen antiquities outside Egypt while smuggling at home is in steady increase.

Syria's must accept the Arab initiative

That the Assad regime expressed reservation regarding the most important points in the Arab League ministerial council, including holding any dialogue with the opposition outside Damascus, it is feared that Libya's scenario will recur, argued Mazen Hammad in an opinion piece for the Doha-based newspaper Al Watan.

In other words, Syria had rejected the statement, which means that Damascus needs no Arab umbrella to mediate any dialogue efforts with the opposition. With such a decision, Syrians had thus prematurely killed the Arab initiative, a situation that might allow for a western intervention as it happened in Libya.

Reviewing the events in Libya, it's clear to see how the gradual recognition of the Libyan National Transitional Council by the world community has stripped Col Muammar Al Qaddafi of any legitimacy. If Syrians fail to sit together within two weeks as stipulated by the League, member states might examine suspending Syria's membership. And this is only to usher in a journey of acknowledging the Syrian National Council.

It is surprising to know that Syria looked at the timing of the ministerial meeting with suspicion. Damascus associated it with what it called a failure of the US and EU in exerting any pressure on it.

Syria should remember that China and Russia have "blessed" Nato's action in Libya after months of resilient opposition.

Bahrainis are anxious to see Bassiouni report

The hot talk in Bahrain's majlises and government halls these days is about the forthcoming report of the Bassiouni fact-finding commission which is due to be presented to the King of Bahrain on October 30, wrote Mansour Al Jamri, the editor of the Bahraini newspaper Al Wasat, in a column yesterday.

Bahrainis are anxiously anticipating whether the findings of this report would indeed mark the start of a new phase in Bahrain.

"This report is not supposed to act as a mediating agent between various parties," the editor said, "but it definitely has the potential to play a role in galvanising efforts aimed at finding out the truth and achieving comprehensive national reconciliation.

"And between the optimists and the pessimists, the majority of Bahrainis are standing there waiting to see what the report will bring, and how its findings will be dealt with."

At present, Bahraini society is still polarised in terms of sects, ever since the violence that broke out last February and the repercussions that ensued.

"So what we really hope now is that this Bassiouni report paves the way for the establishment of something like a truth and reconciliation commission … which, as other experiences show, helps heal deep wounds."

* Digest compiled by The Translation Desk

Bullet Train

Director: David Leitch
Stars: Brad Pitt, Aaron Taylor-Johnson, Brian Tyree Henry, Sandra Bullock
Rating: 3/5

History's medical milestones

1799 - First small pox vaccine administered

1846 - First public demonstration of anaesthesia in surgery

1861 - Louis Pasteur published his germ theory which proved that bacteria caused diseases

1895 - Discovery of x-rays

1923 - Heart valve surgery performed successfully for first time

1928 - Alexander Fleming discovers penicillin

1953 - Structure of DNA discovered

1952 - First organ transplant - a kidney - takes place 

1954 - Clinical trials of birth control pill

1979 - MRI, or magnetic resonance imaging, scanned used to diagnose illness and injury.

1998 - The first adult live-donor liver transplant is carried out

THE SWIMMERS

Director: Sally El-Hosaini

Stars: Nathalie Issa, Manal Issa, Ahmed Malek and Ali Suliman 

Rating: 4/5

How Tesla’s price correction has hit fund managers

Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.

It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.

The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.

Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.

Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.

He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.

AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”

A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.

Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.

Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.

Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.

By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.

Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.

In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”

Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.

She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.

Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.

Kill Bill Volume 1

Director: Quentin Tarantino
Stars: Uma Thurman, David Carradine and Michael Madsen
Rating: 4.5/5

The Two Popes

Director: Fernando Meirelles

Stars: Anthony Hopkins, Jonathan Pryce 

Four out of five stars

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

Blue Beetle

Director: Angel Manuel Soto
Stars: Xolo Mariduena, Adriana Barraza, Damian Alcazar, Raoul Max Trujillo, Susan Sarandon, George Lopez
Rating: 4/5 

Company Profile

Company name: Cargoz
Date started: January 2022
Founders: Premlal Pullisserry and Lijo Antony
Based: Dubai
Number of staff: 30
Investment stage: Seed

US PGA Championship in numbers

1 Joost Luiten produced a memorable hole in one at the par-three fourth in the first round.

2 To date, the only two players to win the PGA Championship after winning the week before are Rory McIlroy (2014 WGC-Bridgestone Invitational) and Tiger Woods (2007, WGC-Bridgestone Invitational). Hideki Matsuyama or Chris Stroud could have made it three.

3 Number of seasons without a major for McIlroy, who finished in a tie for 22nd.

4 Louis Oosthuizen has now finished second in all four of the game's major championships.

5 In the fifth hole of the final round, McIlroy holed his longest putt of the week - from 16ft 8in - for birdie.

6 For the sixth successive year, play was disrupted by bad weather with a delay of one hour and 43 minutes on Friday.

7 Seven under par (64) was the best round of the week, shot by Matsuyama and Francesco Molinari on Day 2.

8 Number of shots taken by Jason Day on the 18th hole in round three after a risky recovery shot backfired.

9 Jon Rahm's age in months the last time Phil Mickelson missed the cut in the US PGA, in 1995.

10 Jimmy Walker's opening round as defending champion was a 10-over-par 81.

11 The par-four 11th coincidentally ranked as the 11th hardest hole overall with a scoring average of 4.192.

12 Paul Casey was a combined 12 under par for his first round in this year's majors.

13 The average world ranking of the last 13 PGA winners before this week was 25. Kevin Kisner began the week ranked 25th.

14 The world ranking of Justin Thomas before his victory.

15 Of the top 15 players after 54 holes, only Oosthuizen had previously won a major.

16 The par-four 16th marks the start of Quail Hollow's so-called "Green Mile" of finishing holes, some of the toughest in golf.

17 The first round scoring average of the last 17 major champions was 67.2. Kisner and Thorbjorn Olesen shot 67 on day one at Quail Hollow.

18 For the first time in 18 majors, the eventual winner was over par after round one (Thomas shot 73).

'Doctor Strange in the Multiverse Of Madness'

Director: Sam Raimi

Cast: Benedict Cumberbatch, Elizabeth Olsen, Chiwetel Ejiofor, Benedict Wong, Xochitl Gomez, Michael Stuhlbarg and Rachel McAdams

Rating: 3/5

THURSDAY'S FIXTURES

4pm Maratha Arabians v Northern Warriors

6.15pm Deccan Gladiators v Pune Devils

8.30pm Delhi Bulls v Bangla Tigers

Our family matters legal consultant

Name: Hassan Mohsen Elhais

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

The 12 breakaway clubs

England

Arsenal, Chelsea, Liverpool, Manchester City, Manchester United, Tottenham Hotspur

Italy
AC Milan, Inter Milan, Juventus

Spain
Atletico Madrid, Barcelona, Real Madrid

How England have scored their set-piece goals in Russia

Three Penalties

v Panama, Group Stage (Harry Kane)

v Panama, Group Stage (Kane)

v Colombia, Last 16 (Kane)

Four Corners

v Tunisia, Group Stage (Kane, via John Stones header, from Ashley Young corner)

v Tunisia, Group Stage (Kane, via Harry Maguire header, from Kieran Trippier corner)

v Panama, Group Stage (Stones, header, from Trippier corner)

v Sweden, Quarter-Final (Maguire, header, from Young corner)

One Free-Kick

v Panama, Group Stage (Stones, via Jordan Henderson, Kane header, and Raheem Sterling, from Tripper free-kick)

SERIES INFO

Cricket World Cup League Two
Nepal, Oman, United States tri-series
Tribhuvan University, Kathmandu
 
Fixtures
Wednesday February 5, Oman v Nepal
Thursday, February 6, Oman v United States
Saturday, February 8, United States v Nepal
Sunday, February 9, Oman v Nepal
Tuesday, February 11, Oman v United States
Wednesday, February 12, United States v Nepal

Table
The top three sides advance to the 2022 World Cup Qualifier.
The bottom four sides are relegated to the 2022 World Cup playoff

 1 United States 8 6 2 0 0 12 +0.412
2 Scotland 8 4 3 0 1 9 +0.139
3 Namibia 7 4 3 0 0 8 +0.008
4 Oman 6 4 2 0 0 8 -0.139
5 UAE 7 3 3 0 1 7 -0.004
6 Nepal 0 0 0 0 0 0 0
7 PNG 8 0 8 0 0 0 -0.458

How to come clean about financial infidelity
  • Be honest and transparent: It is always better to own up than be found out. Tell your partner everything they want to know. Show remorse. Inform them of the extent of the situation so they know what they are dealing with.
  • Work on yourself: Be honest with yourself and your partner and figure out why you did it. Don’t be ashamed to ask for professional help. 
  • Give it time: Like any breach of trust, it requires time to rebuild. So be consistent, communicate often and be patient with your partner and yourself.
  • Discuss your financial situation regularly: Ensure your spouse is involved in financial matters and decisions. Your ability to consistently follow through with what you say you are going to do when it comes to money can make all the difference in your partner’s willingness to trust you again.
  • Work on a plan to resolve the problem together: If there is a lot of debt, for example, create a budget and financial plan together and ensure your partner is fully informed, involved and supported. 

Carol Glynn, founder of Conscious Finance Coaching

The Last White Man

Author: Mohsin Hamid 

192 pages 

Published by: Hamish Hamilton (UK), Riverhead Books (US)

Release date: out now in the US, August 11 (UK)