In front of Prime Minister Sheikh Mohammed bin Rashid and in the presence of Deputy Prime Minister Sheikh Mansour bin Zayed, Mohammed Mahmoud Al Khajah takes the legal oath as an appointed UAE ambassador to Israel. WAM
In front of Prime Minister Sheikh Mohammed bin Rashid and in the presence of Deputy Prime Minister Sheikh Mansour bin Zayed, Mohammed Mahmoud Al Khajah takes the legal oath as an appointed UAE ambassaShow more

Mohammed Al Khaja appointed UAE ambassador to Israel



Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, on Sunday oversaw the swearing-in of the UAE's ambassador to Israel, Mohammed Al Khaja, at Al Watan Palace in Abu Dhabi.

Also in attendance was Sheikh Mansour bin Zayed, Deputy Prime Minister and Minister of Presidential Affairs.

Mr Al Khaja vowed to respect the UAE’s constitution and laws, and work sincerely to prioritise the Emirates’ interests.

Sheikh Mohammed wished him success in his mission.

He called on Mr Al Khaja to help strengthen the friendship and co-operation with Israel, and to maintain the culture of peace, coexistence and tolerance between the two nations' peoples and the peoples of the region.

Sheikh Mohammed also received the credentials of the ambassadors of the Dominican Republic and Pakistan to the UAE, at Al Watan Palace in Abu Dhabi.

Julio Simon Castanos Zouain, ambassador of the Dominican Republic, and Afzaal Mirza, ambassador of Pakistan, conveyed the greetings of their leaders to the President, Sheikh Khalifa, and to Sheikh Mohammed.

The two envoys expressed their happiness at representing their nations in the UAE.

Sheikh Mohammed wished them success and assured them of the keenness of the UAE leadership and government to provide them with all of the tools for success in their diplomatic missions.

Also attending were ministers, and senior officials from the Ministries of Foreign Affairs and International Co-operation and Presidential Affairs.

Final scores

18 under: Tyrrell Hatton (ENG)

- 14: Jason Scrivener (AUS)

-13: Rory McIlroy (NIR)

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-10: Tommy Fleetwood (ENG), Chris Paisley (ENG), Matt Wallace (ENG), Fabrizio Zanotti (PAR)

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Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

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Name: Dr Hassan Mohsen Elhais

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From: Upper Egypt

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Family: a daughter in Egypt; a son in Dubai and his wife, Nabila

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Favourite building in Abu Dhabi: Emirates Palace

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Date: Sunday, November 25

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Electoral College Victory

Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate. 

 

Popular Vote Tally

The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.

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