US Secretary of State Antony Blinken said on Wednesday that his country was ready to sell F-35 fighter jets to the UAE, which has threatened to scrap the deal over stringent conditions.
The $23 billion arms package was supported by former president Donald Trump.
President Joe Biden has, however, pledged greater oversight by the US over the sales of the stealth war planes.
The UAE warned on Tuesday it would pull out of the agreement over new conditions set by the Biden administration, citing sovereignty concerns.
But on Wednesday, Mr Blinken said during a visit to Malaysia: “We remain prepared to move forward… if that is what the Emiratis are interested in doing”.
Asked about the conditions the US has set, he did not give precise details.
According to Reuters, he said Washington wanted to ensure that Israel maintains its “military edge".
“We wanted to make sure that we could do a thorough review of any technologies that are sold or transferred to other partners in the region,” he said.
US ally Israel had historically objected to Arab states obtaining the F-35s, seeking to maintain its regional advantage.
But Israel gave its go-ahead after the Abraham Accords were agreed, whereby the UAE and Israel established official ties.
The Wall Street Journal, which first reported the impasse, said that the US was insisting on conditions to ensure F-35 technology could not be transferred. The UAE has repeatedly said it would ensure the protection of the technology.
F-35s are prized for stealth capabilities and versatility with the capacity to gather intelligence, strike deep into enemy territory and engage in air duels.
Speaking on condition of anonymity, a UAE official told The National on Tuesday that discussions over the sale, part of a $23 billion deal that also includes drones and other advanced munitions, are on hold as the country reassesses requirements.
“The UAE has informed the US that it will suspend discussions to acquire the F-35,” the official said.
“Technical requirements, sovereign operational restrictions and cost-benefit analysis led to the reassessment.”
The UAE and US will hold a dialogue on later today, where it is expected that these issues could be discussed.
“The UAE and the US were working towards an understanding that would address mutual defence security conditions for the acquisition. The US remains the UAE’s preferred provider for advanced defence requirements and discussions for the F-35 may be reopened in the future,” the official said.
Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
COMPANY%20PROFILE%20
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MATCH INFO
Quarter-finals
Saturday (all times UAE)
England v Australia, 11.15am
New Zealand v Ireland, 2.15pm
Sunday
Wales v France, 11.15am
Japan v South Africa, 2.15pm
GRAN%20TURISMO
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What the law says
Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.
“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.
“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”
If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.
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Director: Kaouther Ben Hania
Rating: 4/5
The Settlers
Director: Louis Theroux
Starring: Daniella Weiss, Ari Abramowitz
Rating: 5/5
Dark Souls: Remastered
Developer: From Software (remaster by QLOC)
Publisher: Namco Bandai
Price: Dh199
The bio
Job: Coder, website designer and chief executive, Trinet solutions
School: Year 8 pupil at Elite English School in Abu Hail, Deira
Role Models: Mark Zuckerberg and Elon Musk
Dream City: San Francisco
Hometown: Dubai
City of birth: Thiruvilla, Kerala
What is Diwali?
The Hindu festival is at once a celebration of the autumn harvest and the triumph of good over evil, as outlined in the Ramayana.
According to the Sanskrit epic, penned by the sage Valmiki, Diwali marks the time that the exiled king Rama – a mortal with superhuman powers – returned home to the city of Ayodhya with his wife Sita and brother Lakshman, after vanquishing the 10-headed demon Ravana and conquering his kingdom of Lanka. The people of Ayodhya are believed to have lit thousands of earthen lamps to illuminate the city and to guide the royal family home.
In its current iteration, Diwali is celebrated with a puja to welcome the goodness of prosperity Lakshmi (an incarnation of Sita) into the home, which is decorated with diyas (oil lamps) or fairy lights and rangoli designs with coloured powder. Fireworks light up the sky in some parts of the word, and sweetmeats are made (or bought) by most households. It is customary to get new clothes stitched, and visit friends and family to exchange gifts and greetings.
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Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Building boom turning to bust as Turkey's economy slows
Deep in a provincial region of northwestern Turkey, it looks like a mirage - hundreds of luxury houses built in neat rows, their pointed towers somewhere between French chateau and Disney castle.
Meant to provide luxurious accommodations for foreign buyers, the houses are however standing empty in what is anything but a fairytale for their investors.
The ambitious development has been hit by regional turmoil as well as the slump in the Turkish construction industry - a key sector - as the country's economy heads towards what could be a hard landing in an intensifying downturn.
After a long period of solid growth, Turkey's economy contracted 1.1 per cent in the third quarter, and many economists expect it will enter into recession this year.
The country has been hit by high inflation and a currency crisis in August. The lira lost 28 per cent of its value against the dollar in 2018 and markets are still unconvinced by the readiness of the government under President Recep Tayyip Erdogan to tackle underlying economic issues.
The villas close to the town centre of Mudurnu in the Bolu region are intended to resemble European architecture and are part of the Sarot Group's Burj Al Babas project.
But the development of 732 villas and a shopping centre - which began in 2014 - is now in limbo as Sarot Group has sought bankruptcy protection.
It is one of hundreds of Turkish companies that have done so as they seek cover from creditors and to restructure their debts.
The%20Killer
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