US can't do much to Iran



US backlash threats to Iran are mere babble

From the president to cabinet secretaries, security officials and diplomats, the US has launched a verbal assault on Tehran after the revelation last week of an Iran-backed plot to assassinate the Saudi ambassador to Washington, columnist Abdul Rahman Al Rashed wrote in yesterday's edition of the pan-Arab newspaper Asharq Al Awsat.

"Yet despite the boisterous threats, I have to agree with the Iranians who think all these American threats are empty, won't scare them and won't stop their offensive politics."

There is a history of Iranian operations hitting US targets. In 1983, the US embassy in Beirut was bombed, killing 63 people. President Ronald Reagan announced that the attack was masterminded by Iran and Syria.

"Six months later, Iran struck again, killing more than 240 Americans in Beirut again," the writer said. "Then it killed five people at the US embassy in Kuwait and, later, Iranian operatives abducted and killed the CIA bureau chief in Lebanon." The list goes on.

"Americans knew that the Iranian regime - using the Syrians and Hizbollah - was behind most of the operations carried out against them in a 30-year period.

"For their part, the Iranians know that the harshest punishment the Americans have in store for them is a hotchpotch of denunciatory statements and limited-effect sanctions."

Will George W Bush be arrested in Canada?

George W Bush's plan to visit Canada on Thursday prompted a call from Amnesty International, the human rights watchdog, for the former US president to be arrested there on charges linked to the torture of detainees, columnist Amjad Arar wrote in the Sharjah-based newspaper Al Khaleej.

In its memo to the Canadian authorities, Amnesty brought up "the key question of Bush's legal responsibility in a series of human rights abuses", the writer said.

The human rights group cited violations committed between 2002 and 2009, during the implementation of a secret detention programme by the US Central Intelligence Agency.

Individuals suspected of having links to terrorism are said to have been subjected to torture, cruel and humiliating punishment, and forced disappearances on the Bush administration's watch.

"The administration had basically given itself the right to be judge and jury at the same time," the writer said. "It allowed - or actually legalised - these abuses, and emerging evidence brings further confirmation that torture and other crimes have indeed been perpetrated against detainees in Afghanistan and Iraq and at Guantanamo."

It is the duty of human rights organisations and free men and women around the world to ensure that gross human rights violations do not go unpunished, the writer concluded.

Arab Spring cost some governments $1 billion

A recent report by the consultancy firm Geopolicity gained media coverage last week as it focused on the price that Arab governments have paid due to the Arab Spring, wrote Mansour Al Jamri, the editor of the Bahraini newspaper Al Wasat.

The first thing to note is that not all Arab countries suffered financially.

The Arab Spring turmoil benefited the economies of oil-producing countries, pushing the price of crude from $90 (Dh331) a barrel in early 2011 to $135 in May, before the price levelled out at about $113.

The oil revenue of Saudi Arabia and the United Arab Emirates, for instance, went up by 25 and 31 per cent respectively.

According to the report, the countries that witnessed the bloodiest events, like Libya and Syria, have suffered financially the most, followed by Egypt, Tunisia, Bahrain and Yemen.

"Bahrain alone lost more than $1 billion (Dh3.67bn) because of the instability," the editor said. "But the high price of oil helped mitigate the financial effect."

The report also pointed to the fact that a number of Gulf states resorted to spending billions of dollars to prevent the tumult from crossing their borders.

But that is not the best option, the editor said. Unrelenting democratisation is the only viable choice.

UAE and Gulf paying a high price for obesity

Recent figures from the UAE Ministry of Health, published last month in celebration of the first Gulf Day for Young People's Health, sound the alarm on the state of health among minors in the country, said an article published yesterday by the Emirates Centre for Strategic Studies and Research in the Abu Dhabi-based daily Al Ittihad.

The ministry's figures say that 39.2 per cent of students aged between 10 and 19 are overweight, while 82.8 per cent of them do not practice any physical activity on a regular basis. "This is clearly worrisome," the article said.

There is a pressing need to readdress the issue of overweight and obesity in the UAE, not only because it is affecting the nation's younger generation, but also because it is the main cause for the proliferation of chronic diseases like diabetes, high blood pressure and heart conditions. "The many awareness campaigns launched by various authorities … seem to have a limited effect," the article said. "Counter campaigns" by fast-food restaurants are also to blame.

"The numbers of Emiratis suffering from obesity, diabetes and heart conditions are rising. And the UAE is ranked the 10th country in the world in terms of obesity, according to international estimates."

* Digest compiled by Achraf El Bahi

RESULTS

 

Catchweight 63.5kg: Shakriyor Juraev (UZB) beat Bahez Khoshnaw (IRQ). Round 3 TKO (body kick)

Lightweight: Nart Abida (JOR) beat Moussa Salih (MAR). Round 1 by rear naked choke

Catchweight 79kg: Laid Zerhouni (ALG) beat Ahmed Saeb (IRQ). Round 1 TKO (punches)

Catchweight 58kg: Omar Al Hussaini (UAE) beat Mohamed Sahabdeen (SLA) Round 1 rear naked choke

Flyweight: Lina Fayyad (JOR) beat Sophia Haddouche (ALG) Round 2 TKO (ground and pound)

Catchweight 80kg: Badreddine Diani (MAR) beat Sofiane Aïssaoui (ALG) Round 2 TKO

Flyweight: Sabriye Sengul (TUR) beat Mona Ftouhi (TUN). Unanimous decision

Middleweight: Kher Khalifa Eshoushan (LIB) beat Essa Basem (JOR). Round 1 rear naked choke

Heavyweight: Mohamed Jumaa (SUD) beat Hassen Rahat (MAR). Round 1 TKO (ground and pound)

Lightweight: Abdullah Mohammad Ali Musalim (UAE beat Omar Emad (EGY). Round 1 triangle choke

Catchweight 62kg: Ali Taleb (IRQ) beat Mohamed El Mesbahi (MAR). Round 2 KO

Catchweight 88kg: Mohamad Osseili (LEB) beat Samir Zaidi (COM). Unanimous decision

The specs: 2018 Nissan Patrol Nismo

Price: base / as tested: Dh382,000

Engine: 5.6-litre V8

Gearbox: Seven-speed automatic

Power: 428hp @ 5,800rpm

Torque: 560Nm @ 3,600rpm

Fuel economy, combined: 12.7L / 100km

 


 

The biog

Favourite food: Fish and seafood

Favourite hobby: Socialising with friends

Favourite quote: You only get out what you put in!

Favourite country to visit: Italy

Favourite film: Lock Stock and Two Smoking Barrels.

Family: We all have one!

A State of Passion

Directors: Carol Mansour and Muna Khalidi

Stars: Dr Ghassan Abu-Sittah

Rating: 4/5

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.”

David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

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Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

THE SPECS

Engine: 1.5-litre turbocharged four-cylinder

Transmission: Constant Variable (CVT)

Power: 141bhp 

Torque: 250Nm 

Price: Dh64,500

On sale: Now

How green is the expo nursery?

Some 400,000 shrubs and 13,000 trees in the on-site nursery

An additional 450,000 shrubs and 4,000 trees to be delivered in the months leading up to the expo

Ghaf, date palm, acacia arabica, acacia tortilis, vitex or sage, techoma and the salvadora are just some heat tolerant native plants in the nursery

Approximately 340 species of shrubs and trees selected for diverse landscape

The nursery team works exclusively with organic fertilisers and pesticides

All shrubs and trees supplied by Dubai Municipality

Most sourced from farms, nurseries across the country

Plants and trees are re-potted when they arrive at nursery to give them room to grow

Some mature trees are in open areas or planted within the expo site

Green waste is recycled as compost

Treated sewage effluent supplied by Dubai Municipality is used to meet the majority of the nursery’s irrigation needs

Construction workforce peaked at 40,000 workers

About 65,000 people have signed up to volunteer

Main themes of expo is  ‘Connecting Minds, Creating the Future’ and three subthemes of opportunity, mobility and sustainability.

Expo 2020 Dubai to open in October 2020 and run for six months

The specs
Engine: 4.0-litre flat-six
Power: 510hp at 9,000rpm
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Price: From Dh801,800
Company%20profile
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What is dialysis?

Dialysis is a way of cleaning your blood when your kidneys fail and can no longer do the job.

It gets rid of your body's wastes, extra salt and water, and helps to control your blood pressure. The main cause of kidney failure is diabetes and hypertension.

There are two kinds of dialysis — haemodialysis and peritoneal.

In haemodialysis, blood is pumped out of your body to an artificial kidney machine that filter your blood and returns it to your body by tubes.

In peritoneal dialysis, the inside lining of your own belly acts as a natural filter. Wastes are taken out by means of a cleansing fluid which is washed in and out of your belly in cycles.

It isn’t an option for everyone but if eligible, can be done at home by the patient or caregiver. This, as opposed to home haemodialysis, is covered by insurance in the UAE.

Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
On sale: Now
Price: From Dh158,000 (Cooper), Dh168,000 (Aceman), Dh132,000 (Countryman)