A French newspaper has reported that Luigi Di Maio is a front runner for the role of EU Gulf envoy but some believe he lacks the diplomatic credentials for such a job. EPA
A French newspaper has reported that Luigi Di Maio is a front runner for the role of EU Gulf envoy but some believe he lacks the diplomatic credentials for such a job. EPA
A French newspaper has reported that Luigi Di Maio is a front runner for the role of EU Gulf envoy but some believe he lacks the diplomatic credentials for such a job. EPA
A French newspaper has reported that Luigi Di Maio is a front runner for the role of EU Gulf envoy but some believe he lacks the diplomatic credentials for such a job. EPA

Shock as Luigi Di Maio lined up as EU's first Gulf envoy


Sunniva Rose
  • English
  • Arabic

Regional experts have cautioned against the European Union’s reported choice of a controversial Italian politician with little experience of Arab countries to become its first special envoy for the Gulf.

Early this month, EU officials shortlisted Luigi Di Maio, Italy's former foreign minister — who is currently without a job after failing to be re-elected in the latest Italian parliamentary elections — for the new post, French daily Le Monde reported.

The newspaper claims that in the interview, Mr Di Maio, whose candidacy was reportedly suggested by former Italian prime minister Mario Draghi, outperformed his supposed rivals, former foreign minister of Cyprus, Markos Kyprianou, former head of the UN Support Mission in Libya, Slovak diplomat Jan Kubis, and former Greek foreign minister, Dimitris Avramopoulos.

EU foreign affairs chief Josep Borrell is expected to decide in the coming days if he will present Mr Di Maio’s candidacy to representatives of the bloc’s 27 member states for final approval.

But the choice of Mr Di Maio has provoked outrage in the Gulf, with the head of Dubai’s public policy research centre, Mohammed Baharoon, tweeting that his nomination must be a joke.

Mr Baharoon told The National it was difficult to expect Mr Di Maio, who “single-handedly ruined his country’s relationship with two major GCC countries”, to help develop positive EU-GCC relations.

Dania Thafer, executive director of the Washington-based Gulf International Forum, said “if the objective is to deepen ties with the GCC, especially the UAE and Saudi Arabia, [Mr Di Maio] might not be the ideal choice”.

In 2021, Mr Di Maio caused a diplomatic fallout between the the two countries and Italy during his stint as foreign minister when he put a stay on deliveries under a 2016 deal to provide defence equipment. In a statement, Mr Di Maio took credit for the decision.

But there are other reasons that explain why Mr Di Maio’s name has been received badly in the Gulf. In addition to having no connections with the region, the politician is from a Leftist tradition that was marginalised in Italian elections this year.

“The appointment is rather curious considering his political background,” said Mr Baharoon, referring to Mr Di Maio’s Five Star movement, which is Eurosceptic and populist. “I wonder how such a background would help the EU?”

Cinzia Bianco, European Council on Foreign Relations research fellow on Europe and the Gulf, said choosing Mr Di Maio “gives the impression that his appointment would be more about finding a position for him than about what who would be the best candidate to deliver on Europe-Gulf relations”.

“Choosing a weak candidate for the post of special envoy in a region where the EU has a strong deficit of credibility and where personalities matter very strongly in politics, risks being extremely counterproductive,” she added.

Le Monde reported that some EU officials viewed Mr Di Maio, who caused a diplomatic crisis with Paris when he travelled in 2019 to France to support the Gilets Jaunes protest movement, as ill-equipped for international diplomacy. One diplomat told the newspaper that Mr Di Maio's spoke English “like a beginner”.

Mr Di Maio's profile comes in stark contrast to the ambitions previously stated by Brussels for the job of special envoy to the Gulf.

Speaking to The National in September, an EU official said that envoy would be appointed before the end of the year with the role of focusing on the fields of energy and international assistance.

The EU currently has nine special representatives who are based in Brussels but travel the continent to co-ordinate with member states.

The bloc aims to break with a history of focusing such appointments on conflict regions such as Kosovo and the Horn of Africa, the official said at the time.

“We are showing that special attention is needed here for a positive reason, we want to strengthen our engagement on both sides,” they said. “We really mean it.”

An EU Commission representative declined to comment on reports regarding the possible choice of Mr Di Maio, saying that the process of naming the new Gulf envoy was not over.

Ideally, the EU needs to choose a Gulf envoy with “strong relations within the region with all parties — the GCC states, Iran and Yemen — to effectively engage the region”, said Ms Thafer.

“The EU has lost a considerable amount of credibility and political clout with some of the GCC states after the Iran deal and the positions it took to support it. It is viewed that in general, GCC interests were not reasonably considered and this is one reason why these states diversified relations more eastward.”

Ms Thafer told The National that “Ukraine-Russia war has tipped the balance and caused an awakening in the GCC that the EU perhaps needs them more than they need Europe”.

Several European leaders, including from France and Germany, signed energy deals with Gulf countries this year to replace Russian gas after the outbreak of war in Ukraine.

Blackpink World Tour [Born Pink] In Cinemas

Starring: Rose, Jisoo, Jennie, Lisa

Directors: Min Geun, Oh Yoon-Dong

Rating: 3/5

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Company%20profile
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UK-EU trade at a glance

EU fishing vessels guaranteed access to UK waters for 12 years

Co-operation on security initiatives and procurement of defence products

Youth experience scheme to work, study or volunteer in UK and EU countries

Smoother border management with use of e-gates

Cutting red tape on import and export of food

If you go

The flights

There are direct flights from Dubai to Sofia with FlyDubai (www.flydubai.com) and Wizz Air (www.wizzair.com), from Dh1,164 and Dh822 return including taxes, respectively.

The trip

Plovdiv is 150km from Sofia, with an hourly bus service taking around 2 hours and costing $16 (Dh58). The Rhodopes can be reached from Sofia in between 2-4hours.

The trip was organised by Bulguides (www.bulguides.com), which organises guided trips throughout Bulgaria. Guiding, accommodation, food and transfers from Plovdiv to the mountains and back costs around 170 USD for a four-day, three-night trip.

 

Titanium Escrow profile

Started: December 2016
Founder: Ibrahim Kamalmaz
Based: UAE
Sector: Finance / legal
Size: 3 employees, pre-revenue  
Stage: Early stage
Investors: Founder's friends and Family

THE BIO

BIO:
Born in RAK on December 9, 1983
Lives in Abu Dhabi with her family
She graduated from Emirates University in 2007 with a BA in architectural engineering
Her motto in life is her grandmother’s saying “That who created you will not have you get lost”
Her ambition is to spread UAE’s culture of love and acceptance through serving coffee, the country’s traditional coffee in particular.

Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Squid Game season two

Director: Hwang Dong-hyuk 

Stars:  Lee Jung-jae, Wi Ha-joon and Lee Byung-hun

Rating: 4.5/5

INDIA%20SQUAD
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How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less
Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

Sreesanth's India bowling career

Tests 27, Wickets 87, Average 37.59, Best 5-40

ODIs 53, Wickets 75, Average 33.44, Best 6-55

T20Is 10, Wickets 7, Average 41.14, Best 2-12

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.”

Intercontinental Cup

Namibia v UAE Saturday Sep 16-Tuesday Sep 19

Table 1 Ireland, 89 points; 2 Afghanistan, 81; 3 Netherlands, 52; 4 Papua New Guinea, 40; 5 Hong Kong, 39; 6 Scotland, 37; 7 UAE, 27; 8 Namibia, 27

While you're here
Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

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Updated: November 25, 2022, 9:45 AM