Time will tell if a call in September by Iran’s reformist new president, Hassan Rouhani, (pictured) for closer ties with Riyadh will lead to any improvement in relations between the region’s two dominant powers. Atta Kenare / AFP
Time will tell if a call in September by Iran’s reformist new president, Hassan Rouhani, (pictured) for closer ties with Riyadh will lead to any improvement in relations between the region’s two dominShow more

2013 in review: Events since the Arab Spring shift regional order



ABU DHABI // The events since the start of the Arab Spring have shifted the regional order. Former power brokers Cairo, Damascus and Baghdad have been sidelined as they focus on their internal affairs. Amid the chaos, Saudi Arabia has stepped forward and exercised its strength this year, even if it meant contradicting its strongest Western ally, the United States.

Over the summer, Riyadh took regional leadership of support for the opposition to Syrian president Bashar Al Assad, and along with the UAE and Kuwait offered a combined US$12 billion (Dh44bn) in immediate financial assistance to the military-backed government in Egypt in July.

After winning a United Nations Security Council seat a few months later, Saudi Arabia rejected it in protest against the body’s inaction on Syria and Palestine.

These steps have caused concern in Washington for their assertiveness and because at times they run counter to US policy.

Saudi Arabia’s stance on these issues has even prompted speculation that 2013 could be the beginning of the end of the decades-long US-Saudi alliance.

But the changes ahead are likely less of a break-up and more of a shift in the balance of power within the relationship. While still reliant on the US for weapons, Saudi Arabia is more confident of maintaining its own security.

Riyadh appears poised to expand on this independence to distance its foreign policies from those of Washington, particularly on issues close to home.

What this means on a practical level is that day-to-day cooperation and coordination will likely remain intact, but Riyadh and Washington will agree to differ on big-picture questions such as who to support in Egypt and what a solution should look like in Syria.

For Saudi Arabia, the priority in the coming year is simple: regional stability. Policymakers argue that economies and governments across the region need to consolidate chaotic politics, assure investors and citizens, and foster growth. This explains Riyadh’s investment in the new Egyptian government, its backing of the monarchies in Jordan and Morocco and continued contribution to Bahrain’s economic recovery.

Riyadh also sees an urgent need to contain the fallout from the Syrian conflict. Saudi’s King Abdullah has sent humanitarian aid and other assistance to Jordan and Lebanon, where the magnitude of the refugee influx has stressed already fragile economies and political systems. Sectarian tensions spilling over from the conflict into Iraq, Lebanon, and elsewhere also raise the spectre of more – not less – turmoil.

A goal for stability also explains why Riyadh is sceptical of Tehran, for what it views as undue Iranian influence and even interference in the Middle East. Saudi Arabia and the GCC have often accused Iran of stirring tensions and unrest in the region. Tehran has strongly backed the Assad government and is also allied with the Iraqi prime minister Nouri Al Maliki.

For this reason, Saudi Arabia lobbied against last month’s interim nuclear deal that western powers signed with Iran to curb the Iranian nuclear programme in exchange for relief from sanctions.

Time will tell if a call in September by Iran’s reformist new president, Hassan Rouhani, for closer ties with Riyadh will lead to any improvement in relations between the region’s two dominant powers.

To Riyadh, a stronger GCC will be a bulwark against at least some of this regional turmoil, perhaps even in the form of a Gulf Union.

The proposed grouping, which would be similar to the European Union, would create tighter economic and security cooperation among these countries, which have in common a model of governance that promises economic prosperity and opportunity in exchange for political stability for citizens.

The idea of a Gulf Union recently hit a snag when Youssef bin Alawi, Oman’s foreign minister, said this month that Oman was not interested in participating. A subsequent GCC meeting in Kuwait vowed to continue integration.

Whether Saudi Arabia can achieve the goals it has ambitiously set for itself is now the question of 2014. Qatar in recent years tried a similar push for influence and is now regrouping after a series of setbacks.

Just a year ago, Qatar had placed itself at the centre of nearly every regional foreign-policy question. Doha had carved out a role backing the Islamist-leaning parties and individuals who came to power in Libya, Tunis, Cairo, and among the Syrian rebels. Qatar’s all-in support, however, may also have been a miscalculation.

Today, Qatar’s role has won it broad public distrust in Egypt and Libya. Some of Qatar’s allies in the Syrian opposition have meanwhile been sidelined in the western-backed opposition Syrian National Coalition.

Saudi Arabia is bigger, richer, and home to Islam’s most sacred sites. Expect Riyadh to leverage all those assets in pursuit of its increasingly assertive foreign policy goals.

edickinson@thenational.ae

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Director: Shonali Bose

Cast: Priyanka Chopra Jonas, Farhan Akhtar, Zaira Wasim, Rohit Saraf

Three stars

DEADPOOL & WOLVERINE

Starring: Ryan Reynolds, Hugh Jackman, Emma Corrin

Director: Shawn Levy

Rating: 3/5

ARGYLLE

Director: Matthew Vaughn

Starring: Bryce Dallas Howard, Sam Rockwell, John Cena

Rating: 3/5

Generational responses to the pandemic

Devesh Mamtani from Century Financial believes the cash-hoarding tendency of each generation is influenced by what stage of the employment cycle they are in. He offers the following insights:

Baby boomers (those born before 1964): Owing to market uncertainty and the need to survive amid competition, many in this generation are looking for options to hoard more cash and increase their overall savings/investments towards risk-free assets.

Generation X (born between 1965 and 1980): Gen X is currently in its prime working years. With their personal and family finances taking a hit, Generation X is looking at multiple options, including taking out short-term loan facilities with competitive interest rates instead of dipping into their savings account.

Millennials (born between 1981 and 1996): This market situation is giving them a valuable lesson about investing early. Many millennials who had previously not saved or invested are looking to start doing so now.

Wayne Rooney's career

Everton (2002-2004)

  • Appearances: 48
  • Goals: 17

Manchester United (2004-2017)

  • Appearances: 496
  • Goals: 253

England (2003-)

  • Appearances: 119
  • Goals: 53
TWISTERS

Director:+Lee+Isaac+Chung

Starring:+Glen+Powell,+Daisy+Edgar-Jones,+Anthony+Ramos

Rating:+2.5/5

The Continental: From the World of John Wick

Created by: Greg Coolidge, Shawn Simmons, Kirk Ward
Stars: Mel Gibson, Colin Woodell, Mishel Prada
Rating: 3/5

COMPANY PROFILE

Name: SmartCrowd
Started: 2018
Founder: Siddiq Farid and Musfique Ahmed
Based: Dubai
Sector: FinTech / PropTech
Initial investment: $650,000
Current number of staff: 35
Investment stage: Series A
Investors: Various institutional investors and notable angel investors (500 MENA, Shurooq, Mada, Seedstar, Tricap)

RESULT

RS Leipzig 3 

Marcel Sabitzer 10', 21'

Emil Forsberg 87'

Tottenham 0

 

The specs

Engine: 4-cylinder 2-litre
Transmission: 9-speed automatic
Power: 252 brake horsepower
Torque: 352Nm
Price: from Dh146,700
On sale: now

Who is Allegra Stratton?

 

  • Previously worked at The Guardian, BBC’s Newsnight programme and ITV News
  • Took up a public relations role for Chancellor Rishi Sunak in April 2020
  • In October 2020 she was hired to lead No 10’s planned daily televised press briefings
  • The idea was later scrapped and she was appointed spokeswoman for Cop26
  • Ms Stratton, 41, is married to James Forsyth, the political editor of The Spectator
  • She has strong connections to the Conservative establishment
  • Mr Sunak served as best man at her 2011 wedding to Mr Forsyth
COMPANY PROFILE

Founder: Hani Abu Ghazaleh
Based: Abu Dhabi, with an office in Montreal
Founded: 2018
Sector: Virtual Reality
Investment raised: $1.2 million, and nearing close of $5 million new funding round
Number of employees: 12

Profile

Company name: Jaib

Started: January 2018

Co-founders: Fouad Jeryes and Sinan Taifour

Based: Jordan

Sector: FinTech

Total transactions: over $800,000 since January, 2018

Investors in Jaib's mother company Alpha Apps: Aramex and 500 Startups

List of UAE medal winners

Gold
Faisal Al Ketbi (Open weight and 94kg)
Talib Al Kirbi (69kg)
Omar Al Fadhli (56kg)

Silver
Zayed Al Kaabi (94kg)
Khalfan Belhol (85kg)
Zayed Al Mansoori (62kg)
Mouza Al Shamsi (49kg women)

Bronze
Yahia Mansour Al Hammadi (Open and +94kg)
Saood Al Hammadi (77kg)
Said Al Mazroui (62kg)
Obaid Al Nuaimi (56kg)
Bashayer Al Matrooshi (62kg women)
Reem Abdulkareem (45kg women)

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Exhchange traded funds are bought and sold like shares, but operate as index-tracking funds, passively following their chosen indices, such as the S&P 500, FTSE 100 and the FTSE All World, plus a vast range of smaller exchanges and commodities, such as gold, silver, copper sugar, coffee and oil.

ETFs have zero upfront fees and annual charges as low as 0.07 per cent a year, which means you get to keep more of your returns, as actively managed funds can charge as much as 1.5 per cent a year.

There are thousands to choose from, with the five biggest providers BlackRock’s iShares range, Vanguard, State Street Global Advisors SPDR ETFs, Deutsche Bank AWM X-trackers and Invesco PowerShares.

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Developer: SCE Studio Cambridge
Publisher: Sony Computer Entertainment
Console: PlayStation, PlayStation 4 and 5
Rating: 3.5/5

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Developer: Sucker Punch Productions
Publisher: Sony Computer Entertainment
Console: PlayStation 2 to 5
Rating: 5/5

Brief scores:

Toss: Northern Warriors, elected to field first

Bengal Tigers 130-1 (10 ov)

Roy 60 not out, Rutherford 47 not out

Northern Warriors 94-7 (10 ov)

Simmons 44; Yamin 4-4

Long read
AIR

Director: Ben Affleck

Stars: Matt Damon, Jason Bateman, Ben Affleck, Viola Davis

Rating: 4/5

UAE medallists at Asian Games 2023

Gold
Magomedomar Magomedomarov – Judo – Men’s +100kg
Khaled Al Shehi – Jiu-jitsu – Men’s -62kg
Faisal Al Ketbi – Jiu-jitsu – Men’s -85kg
Asma Al Hosani – Jiu-jitsu – Women’s -52kg
Shamma Al Kalbani – Jiu-jitsu – Women’s -63kg
Silver
Omar Al Marzooqi – Equestrian – Individual showjumping
Bishrelt Khorloodoi – Judo – Women’s -52kg
Khalid Al Blooshi – Jiu-jitsu – Men’s -62kg
Mohamed Al Suwaidi – Jiu-jitsu – Men’s -69kg
Balqees Abdulla – Jiu-jitsu – Women’s -48kg
Bronze
Hawraa Alajmi – Karate – Women’s kumite -50kg
Ahmed Al Mansoori – Cycling – Men’s omnium
Abdullah Al Marri – Equestrian – Individual showjumping
Team UAE – Equestrian – Team showjumping
Dzhafar Kostoev – Judo – Men’s -100kg
Narmandakh Bayanmunkh – Judo – Men’s -66kg
Grigorian Aram – Judo – Men’s -90kg
Mahdi Al Awlaqi – Jiu-jitsu – Men’s -77kg
Saeed Al Kubaisi – Jiu-jitsu – Men’s -85kg
Shamsa Al Ameri – Jiu-jitsu – Women’s -57kg