DUBAI // Chinese parliamentary leaders have invited an FNC delegation to Beijing to make the UAE's case for regaining control of three Gulf islands occupied by Iran.
There is "understanding and support from China to the concept of a peaceful solution to the islands issue with the Islamic Republic of Iran", the Speaker of the FNC, Abdul Aziz al Ghurair, said yesterday. "They said, 'we are with the UAE' in that direction and that resolution, the peaceful resolution, and it is a valid demand."
Mr al Ghurair was speaking after a meeting between FNC representatives and a delegation of 21 Chinese parliamentary officials, including Li Jianguo, the vice chairman and secretary general of the National People's Congress, China's legislative body.
The delegation stopped short of explicitly acknowledging the UAE's right to the islands, but invited officials to address the issue at a follow-up parliamentary meeting in China early next year.
"Mr Li invited us to visit China and present the idea to Chinese officials and the head of the Chinese congress," Mr al Ghurair said.
Iran illegally occupied the islands of Abu Musa and the Greater and Lesser Tunbs, part of an archipelago near the entrance to the Strait of Hormuz, in 1971. The UAE has called for bilateral talks or international arbitration.
"We call on the Iranian side to take part in direct negotiations or to take it to the International Court of Justice," Mr al Ghurair said. He said he hoped China would declare its support for this position in the international arena.
Iran has rejected talks. In an interview with The National this month, its new ambassador to the UAE, Mohammad Reza Fayyaz, said he preferred to take the "glass half-full" view of UAE-Iran relations.
China offered to help to mediate in the dispute last year. Mustafa Alani, a security expert at the Gulf Research Centre in Dubai, said the question was whether Beijing was now engaging in "diplomatic niceties" or whether their offer could translate into material support should the UAE take up the issue at the UN Security Council.
"If the UAE goes to the Security Council on this issue, Chinese support would be vital," Dr Alani said.
Beijing wields considerable influence over Tehran, particularly in light of new sanctions, he said. China is involved in multibillion-dollar oil and gas deals with Iran, but it is unclear whether those contracts translate into persuasive power at the UN.
"The problem with Chinese politics is they always dance around the fire," Dr Alani said.
Mr al Ghurair said: "No doubt China has a strong relationship with Iran and there are joint interests. But China also has principles that include stabilising the security situation in the Gulf."
China is the UAE's second-largest trading partner, according to the Ministry of Foreign Trade. China exported goods worth Dh49billion to the UAE in 2009. Non-oil exports from the UAE to China were worth Dh837 million in 2009. There are 370 Emirati companies in China and more than 1,000 Chinese companies in the UAE.
"There is a lot of compatibility between the UAE and China in a lot of positions nationally, regionally and internationally," Mr al Ghurair said. "We called on the Chinese to have an active role in the security and stability of Asia as a whole. China is a crucial member of the UN Security Council. It is required of them to intervene on Asia's security as a whole."
Although China relies on the Gulf and Africa for a large portion of its energy needs, it has yet to show active commitment to regional security, Dr Alani said.
It still thinks of the region in the context of a "buyer and seller" relationship without a strategic dimension, he said.
The Chinese delegation also pledged its support for a UAE initiative to hold an emergency session on responding to natural disasters, particularly in light of the floods that have devastated Pakistan, at an international parliamentary conference next month in Geneva.
The delegations discussed ways of strengthening ties between China and the UAE. Among those is the creation of a "friendship committee" and a plan to send Emirati students to study in China.
kshaheen@thenational.a
if you go
The flights
Emirates flies to Delhi with fares starting from around Dh760 return, while Etihad fares cost about Dh783 return. From Delhi, there are connecting flights to Lucknow.
Where to stay
It is advisable to stay in Lucknow and make a day trip to Kannauj. A stay at the Lebua Lucknow hotel, a traditional Lucknowi mansion, is recommended. Prices start from Dh300 per night (excluding taxes).
Polarised public
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19% in UK say BBC is not biased at all
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Key figures in the life of the fort
Sheikh Dhiyab bin Isa (ruled 1761-1793) Built Qasr Al Hosn as a watchtower to guard over the only freshwater well on Abu Dhabi island.
Sheikh Shakhbut bin Dhiyab (ruled 1793-1816) Expanded the tower into a small fort and transferred his ruling place of residence from Liwa Oasis to the fort on the island.
Sheikh Tahnoon bin Shakhbut (ruled 1818-1833) Expanded Qasr Al Hosn further as Abu Dhabi grew from a small village of palm huts to a town of more than 5,000 inhabitants.
Sheikh Khalifa bin Shakhbut (ruled 1833-1845) Repaired and fortified the fort.
Sheikh Saeed bin Tahnoon (ruled 1845-1855) Turned Qasr Al Hosn into a strong two-storied structure.
Sheikh Zayed bin Khalifa (ruled 1855-1909) Expanded Qasr Al Hosn further to reflect the emirate's increasing prominence.
Sheikh Shakhbut bin Sultan (ruled 1928-1966) Renovated and enlarged Qasr Al Hosn, adding a decorative arch and two new villas.
Sheikh Zayed bin Sultan (ruled 1966-2004) Moved the royal residence to Al Manhal palace and kept his diwan at Qasr Al Hosn.
Sources: Jayanti Maitra, www.adach.ae
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If you go...
Etihad Airways flies from Abu Dhabi to Kuala Lumpur, from about Dh3,600. Air Asia currently flies from Kuala Lumpur to Terengganu, with Berjaya Hotels & Resorts planning to launch direct chartered flights to Redang Island in the near future. Rooms at The Taaras Beach and Spa Resort start from 680RM (Dh597).
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Friday (UAE kick-off times)
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Sunday
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Spurs: Alli (11')
How to keep control of your emotions
If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.
Greed
Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.
Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.
Fear
The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.
Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.
Hope
While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.
Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.
Frustration
Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.
Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.
Boredom
Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.
Tip: Open an online demo account and get your thrills without risking real money.
The years Ramadan fell in May