The world is at a “maximum moment of danger” and all countries with nuclear weapons must make a commitment to “no first-use”, said UN Secretary General Antonio Guterres on Monday, as he also called for an end to “nuclear sabre-rattling”.
The UN chief called for the same commitment to dialogue and reason that led to the deal that restarted grain and fertiliser shipments from Ukraine and Russia to be applied to “the critical situation” at Europe’s largest nuclear power plant at Zaporizhzhia, where continued shelling and fighting has raised fears of a catastrophe.
“Humanity’s future is in our hands today,” said Mr Guterres as he urged all countries “to recommit to a world free of nuclear weapons and to spare no effort to come to the negotiating table to ease tension and end the nuclear arms race, once and for all”.
The secretary general spoke at a UN Security Council meeting organised by China, which holds the presidency this month, on “promoting common security through dialogue and co-operation”.
Around the world, Mr Guterres said, collective security is being tested as “never before”, pointing to geopolitical divides, conflicts, military coups, invasions, lengthy wars and differences between the world’s great powers, “including at this council”.
He also cited “challenges that were unimaginable to our predecessors — cyberwarfare, terrorism and lethal autonomous weapons”.
“And the nuclear risk has climbed to its highest point in decades,” Mr Guterres said.
Zaporizhzhia nuclear power plant attacked — in pictures
The council meeting took place during the pandemic-delayed conference to review the 50-year-old Treaty on Non-Proliferation of Nuclear Weapons, which is considered the cornerstone of international disarmament efforts.
It is taking place against the backdrop of Russian President Vladimir Putin’s warning after his February 24 invasion of Ukraine that Russia is a “potent” nuclear power and any attempt to interfere would lead to “consequences you have never seen”.
Earlier this year, her announced his decision to put Russia’s nuclear forces on high alert.
Mr Putin has since said that “a nuclear war cannot be won and must never be fought”, a message reiterated by a senior Russian official on the opening day of the conference on August 2.
The treaty sought to prevent the spread of nuclear arms beyond the five original nuclear powers — the US, Russia, China, Britain and France — and eventually achieve a nuclear-free world.
It requires non-nuclear signatory nations not to pursue atomic weapons in exchange for a commitment by the five powers to move towards nuclear disarmament and to guarantee non-nuclear states’ access to peaceful technology for producing energy.
The Chernobyl nuclear disaster 33 years on — in pictures
Gustavo Zlauvinen, president of the treaty review conference, told the Security Council without naming any country that since February, “the NPT faces a raft of challenges, the diversity and scope of which are unlike anything that has come before”.
It should be no surprise, he said, that concerns have grown on the need for urgent action on disarmament.
Mr Zlauvinen, an Argentinian Foreign Ministry official, called “the norm” against using nuclear weapons one of the most important achievements of the post-Second World War era, but said that “it is increasingly threatened”.
He also said that the current global security environment revived the belief that nuclear weapons provide “the ultimate security guarantee”, calling this “an extremely damaging narrative and dangerous for non-proliferation”.
Russia’s UN ambassador Vassily Nebenzia told the council “the international security system is experiencing a profound crisis” and trust between key international players at nearly all the institutions it is based on is at “a critically low level”.
For more than 200 years, he said, western countries have blamed Russia for everything.
Mr Nebenzia accused the US and its allies of “acting in the same reckless and provocative manner in Asia and Africa” as they are in Ukraine, and added “the reckless American scheme involving Taiwan is proceeding in the same vein”.
He said Russia had called for an emergency meeting of the Security Council on Tuesday on what he called Ukrainian provocations at the Zaporizhzhia nuclear plant.
He accused western countries supporting Ukraine of “essentially helping Kyiv in its attempts of nuclear blackmail” while ignoring shelling of the facility by Ukrainian armed forces.
Ukraine has accused Russia of using the plant as a military base and shelling it and its surroundings.
UN chief: 'Humanity one miscalculation away from nuclear annihilation' — video
US ambassador to the UN Linda Thomas-Greenfield told the council that one of the greatest threats to maintaining global peace and security is Russia’s full-scale invasion of its neighbour and fellow member of the UN. She listed diplomatic efforts by the US and many other nations to prevent Moscow’s military action.
“Russia, however, rejected dialogue, discarded established views of sovereign equality, discarded the concept of indivisibility of security and launched a horrific war,” she said.
Ms Thomas-Greenfield took after Russia’s repeated saying that the security of one state cannot come at the expense of another, saying: “Russia’s tortured, full-throated messaging on the supposed threats it faces from its neighbours omits the fact that all nations have the right to choose their security alliances.”
New shelling reported at Ukraine nuclear plant — video
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PROFILE
Name: Enhance Fitness
Year started: 2018
Based: UAE
Employees: 200
Amount raised: $3m
Investors: Global Ventures and angel investors
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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.”
Company profile
Company: Verity
Date started: May 2021
Founders: Kamal Al-Samarrai, Dina Shoman and Omar Al Sharif
Based: Dubai
Sector: FinTech
Size: four team members
Stage: Intially bootstrapped but recently closed its first pre-seed round of $800,000
Investors: Wamda, VentureSouq, Beyond Capital and regional angel investors
Bawaal%20
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What is graphene?
Graphene is extracted from graphite and is made up of pure carbon.
It is 200 times more resistant than steel and five times lighter than aluminum.
It conducts electricity better than any other material at room temperature.
It is thought that graphene could boost the useful life of batteries by 10 per cent.
Graphene can also detect cancer cells in the early stages of the disease.
The material was first discovered when Andre Geim and Konstantin Novoselov were 'playing' with graphite at the University of Manchester in 2004.
Greatest Royal Rumble results
John Cena pinned Triple H in a singles match
Cedric Alexander retained the WWE Cruiserweight title against Kalisto
Matt Hardy and Bray Wyatt win the Raw Tag Team titles against Cesaro and Sheamus
Jeff Hardy retained the United States title against Jinder Mahal
Bludgeon Brothers retain the SmackDown Tag Team titles against the Usos
Seth Rollins retains the Intercontinental title against The Miz, Finn Balor and Samoa Joe
AJ Styles remains WWE World Heavyweight champion after he and Shinsuke Nakamura are both counted out
The Undertaker beats Rusev in a casket match
Brock Lesnar retains the WWE Universal title against Roman Reigns in a steel cage match
Braun Strowman won the 50-man Royal Rumble by eliminating Big Cass last
'Nope'
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THE%20SPECS
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Specs
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Sholto Byrnes on Myanmar politics
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What is Genes in Space?
Genes in Space is an annual competition first launched by the UAE Space Agency, The National and Boeing in 2015.
It challenges school pupils to design experiments to be conducted in space and it aims to encourage future talent for the UAE’s fledgling space industry. It is the first of its kind in the UAE and, as well as encouraging talent, it also aims to raise interest and awareness among the general population about space exploration.
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RESULTS
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My Country: A Syrian Memoir
Kassem Eid, Bloomsbury
Biography
Her family: She has four sons, aged 29, 27, 25 and 24 and is a grandmother-of-nine
Favourite book: Flashes of Thought by Sheikh Mohammed bin Rashid
Favourite drink: Water
Her hobbies: Reading and volunteer work
Favourite music: Classical music
Her motto: I don't wait, I initiate
Kandahar%20
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Call of Duty: Black Ops 6
Developer: Treyarch, Raven Software
Publisher: Activision
Console: PlayStation 4 & 5, Windows, Xbox One & Series X/S
Rating: 3.5/5
Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
More on Quran memorisation:
COMPANY%20PROFILE
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Read more from Aya Iskandarani
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
Company%20profile
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Spider-Man%202
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The specs: 2018 Jeep Compass
Price, base: Dh100,000 (estimate)
Engine: 2.4L four-cylinder
Transmission: Nine-speed automatic
Power: 184bhp at 6,400rpm
Torque: 237Nm at 3,900rpm
Fuel economy, combined: 9.4L / 100km
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
German intelligence warnings
- 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
- 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
- 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250
Source: Federal Office for the Protection of the Constitution
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
Itcan profile
Founders: Mansour Althani and Abdullah Althani
Based: Business Bay, with offices in Saudi Arabia, Egypt and India
Sector: Technology, digital marketing and e-commerce
Size: 70 employees
Revenue: On track to make Dh100 million in revenue this year since its 2015 launch
Funding: Self-funded to date
How to help
Donate towards food and a flight by transferring money to this registered charity's account.
Account name: Dar Al Ber Society
Account Number: 11 530 734
IBAN: AE 9805 000 000 000 11 530 734
Bank Name: Abu Dhabi Islamic Bank
To ensure that your contribution reaches these people, please send the copy of deposit/transfer receipt to: juhi.khan@daralber.ae
BUNDESLIGA FIXTURES
Saturday (UAE kick-off times)
Cologne v Union Berlin (5.30pm)
Fortuna Dusseldorf v Borussia Dortmund (5.30pm)
Hertha Berlin v Eintracht Frankfurt (5.30pm)
Paderborn v Werder Bremen (5.30pm)
Wolfsburg v Freiburg (5.30pm)
Bayern Munich v Borussia Monchengladbach (8.30pm)
Sunday
Mainz v Augsburg (5.30pm)
Schalke v Bayer Leverkusen (8pm)
COMPANY%20PROFILE
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UAE currency: the story behind the money in your pockets
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UAE currency: the story behind the money in your pockets
LA LIGA FIXTURES
Friday Valladolid v Osasuna (Kick-off midnight UAE)
Saturday Valencia v Athletic Bilbao (5pm), Getafe v Sevilla (7.15pm), Huesca v Alaves (9.30pm), Real Madrid v Atletico Madrid (midnight)
Sunday Real Sociedad v Eibar (5pm), Real Betis v Villarreal (7.15pm), Elche v Granada (9.30pm), Barcelona v Levante (midnight)
Monday Celta Vigo v Cadiz (midnight)
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Dubai World Cup prize money
Group 1 (Purebred Arabian) 2000m Dubai Kahayla Classic - $750,000
Group 2 1,600m(Dirt) Godolphin Mile - $750,000
Group 2 3,200m (Turf) Dubai Gold Cup – $750,000
Group 1 1,200m (Turf) Al Quoz Sprint – $1,000,000
Group 2 1,900m(Dirt) UAE Derby – $750,000
Group 1 1,200m (Dirt) Dubai Golden Shaheen – $1,500,000
Group 1 1,800m (Turf) Dubai Turf – $4,000,000
Group 1 2,410m (Turf) Dubai Sheema Classic – $5,000,000
Group 1 2,000m (Dirt) Dubai World Cup– $12,000,000
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MATCH INFO
Chelsea 4 (Mount 18',Werner 44', Hudson-Odoi 49', Havertz 85')
Morecambe 0