Syria and Ukraine show Russia’s power but also the cost of its meddling



The events the world has been witnessing from Syria to Russia show that it isn’t about the survival of the fittest anymore, but rather the prevalence of the craziest. For how can there be another explanation for a country that bullies another in plain sight of the entire world, which does not to force it to yield, asked the journalist Octavia Nasr in the Lebanese daily Annahar.

This was the modus operandi of the Syrian forces when they were trying to subjugate Christian regions in the 1980s during their 30-year occupation of Lebanon. Entire regions were ruthlessly bombarded into submission. People were killed physically and morally, their hopes crushed beyond redemption.

Those who rejected the bully’s authority were controlled by other means: sanctions, imprisonment or assassination. The Assad regime’s history abounds with accounts of torture and terror to different degrees but from which none were spared.

Thousands of people living in the besieged Palestinian-dominated district of Yarmouk in southern Damascus have been surviving in deplorable conditions as clashes between Syrian rebels in the area, and Syrian government forces have disrupted any efforts to get food and medial aid to Yarmouk residents.

The Syrian regime kept Lebanon under its direct grip for decades until it was finally forced to leave.

But the departure of Syrian troops from Lebanese soil didn’t end the regime’s hold on the country.

The same applies to Ukraine. After decades of independence from the dismantled Soviet Union bloc, Ukraine sought to strengthen ties with the European Union, but the powerful Russian bear wasn’t about to allow it. It used its far-reaching claws to create sedition and make sure that the struggle would be as bloody and deadly as possible.

Even when the people’s will prevailed and succeeded in toppling an unwanted government, Russia interfered and seems prepared to go as far as invade Ukraine “to save it from itself”.

“It is an equation that leaves no room for logic – the erratic and tyrannical behaviour of a headless monster that sweeps everything in its way as it collapses,” thewriter said.

Both Russia and Syria have lost legitimacy. They have nothing but their strength, having inflicted death and destruction around them.

Meanwhile, the rest of the world, which lingered too long in indecisiveness, is unable to intervene to stop the bloodbath or prevent suffering.

“Syria will let the residents of Yurmuk refugee camp die of hunger and Russia will invade Ukraine simply because it can,” Nasr concluded.

“They have gone beyond the limits of reason and, at this stage, the world can’t face such savagery with civility.”

ISIL and Al Nusra have same plans for region

The tale told by the Islamic State of Iraq and the Levant (ISIL) and the Al Nusra Front feature no surprises, observed columnist Mashari El Thiyadi in the pan-Arab daily Asharq El Awsat.

Al Nusra is a branch of Al Qaeda that adheres to Osama bin Laden’s and Al Thawahiri’s ideologies. It suddenly entered the Syrian arena as an “Assadian” killing machine, besieged the revolution and spreading fear across the nation.

Al Nusra’s fundamentalist plans go beyond Syria’s borders to the Levant and across the region, pleasing the regime which can act as the supposed protector of the civilised world against such barbaric terrorists.

“Just when we thought that Al Nusra was the ‘crème de la crème’ of fundamentalist extremism, ISIL comes along with a fierce thirst for victory, paving the stage with bombs and killings, in a existentialist discourse aimed at catching the hearts of young ignorants,” remarked Al Thiyadi.

Conspiracy theories aside, this is a key reason ISIL thrived so quickly, aided by Iranian intelligence and others to ensure the failure of the Syrian revolution. It is just one group spreading violence in the Syria.

“The sole difference between ISIL and Al Nusra is about which of them will lead the ‘Levant Project’,” concluded Al Thiyadi.

“How many ISIL and Nusra followers now hide among us, in all Muslim societies, thanks to Al Assad, Putin and Khamenei?”

The new Yemen faces massive challenges

Yemenis face huge challenges to build the new Yemen and counter Al Qaeda affiliates and the Iranian-backed Ansar Allah group, wrote Wahid Abdul Majid in yesterday’s edition of the UAE-based newspaper Al Ittihad.

That led the UN Security Council to issue a resolution backing the outcomes of the National Dialogue Conference in which all the political, tribal and denominational parties agreed to split Yemen into a six-region confederation, similar to the UAE’s successful model, he noted.

However, success in Yemen will hinge on the country’s ability to face the challenges standing in the way, including domestic issues and in particular the opposition of the Southern Movement to the six-region formula. They seek two regions: south and north. Other challenges are to do with external influence, namely the stance of the Iranian-backed Ansar Allah group, as well as Al Qaeda-linked groups that have gained a foothold in the country.

The Huthis’ rejection of the six-region agreement reflects Iran’s policy, considering the close relationship between the Huthis and Tehran.

The new formula should be implemented in a way that ensures the federal forces are strong and capable of quick action and redeployment in the regions targeted by Al Qaeda.

* Digest compiled by Translation Desk

Translation@thenational.ae

At a glance

Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.

 

Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year

 

Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month

 

Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30 

 

Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse

 

Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth

 

Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances

Profile

Co-founders of the company: Vilhelm Hedberg and Ravi Bhusari

Launch year: In 2016 ekar launched and signed an agreement with Etihad Airways in Abu Dhabi. In January 2017 ekar launched in Dubai in a partnership with the RTA.

Number of employees: Over 50

Financing stage: Series B currently being finalised

Investors: Series A - Audacia Capital 

Sector of operation: Transport

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.”

A State of Passion

Directors: Carol Mansour and Muna Khalidi

Stars: Dr Ghassan Abu-Sittah

Rating: 4/5

Specs

Engine: 51.5kW electric motor

Range: 400km

Power: 134bhp

Torque: 175Nm

Price: From Dh98,800

Available: Now

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Specs

Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request

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Bugatti Chiron Super Sport - the specs:

Engine: 8.0-litre quad-turbo W16 

Transmission: 7-speed DSG auto 

Power: 1,600hp

Torque: 1,600Nm

0-100kph in 2.4seconds

0-200kph in 5.8 seconds

0-300kph in 12.1 seconds

Top speed: 440kph

Price: Dh13,200,000

Bugatti Chiron Pur Sport - the specs:

Engine: 8.0-litre quad-turbo W16 

Transmission: 7-speed DSG auto 

Power: 1,500hp

Torque: 1,600Nm

0-100kph in 2.3 seconds

0-200kph in 5.5 seconds

0-300kph in 11.8 seconds

Top speed: 350kph

Price: Dh13,600,000

The specs

Engine: 0.8-litre four cylinder

Power: 70bhp

Torque: 66Nm

Transmission: four-speed manual

Price: $1,075 new in 1967, now valued at $40,000

On sale: Models from 1966 to 1970

How does ToTok work?

The calling app is available to download on Google Play and Apple App Store

To successfully install ToTok, users are asked to enter their phone number and then create a nickname.

The app then gives users the option add their existing phone contacts, allowing them to immediately contact people also using the application by video or voice call or via message.

Users can also invite other contacts to download ToTok to allow them to make contact through the app.

 

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COMPANY PROFILE

Name: Xpanceo

Started: 2018

Founders: Roman Axelrod, Valentyn Volkov

Based: Dubai, UAE

Industry: Smart contact lenses, augmented/virtual reality

Funding: $40 million

Investor: Opportunity Venture (Asia)

Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
Abu Dhabi GP Saturday schedule

12.30pm GP3 race (18 laps)

2pm Formula One final practice 

5pm Formula One qualifying

6.40pm Formula 2 race (31 laps)

Abu Dhabi GP weekend schedule

Friday

First practice, 1pm 
Second practice, 5pm

Saturday

Final practice, 2pm
Qualifying, 5pm

Sunday

Etihad Airways Abu Dhabi Grand Prix (55 laps), 5.10pm

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How to help

Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
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UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

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