The G7 said the Taliban’s legitimacy would depend on whether they uphold the rights of women and girls and work to ensure a stable Afghanistan. EPA
The G7 said the Taliban’s legitimacy would depend on whether they uphold the rights of women and girls and work to ensure a stable Afghanistan. EPA
The G7 said the Taliban’s legitimacy would depend on whether they uphold the rights of women and girls and work to ensure a stable Afghanistan. EPA
The G7 said the Taliban’s legitimacy would depend on whether they uphold the rights of women and girls and work to ensure a stable Afghanistan. EPA

G7 agrees on 'road map' for engaging with Taliban


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The G7 has agreed a “road map” on future engagements with the Taliban, UK Prime Minister Boris Johnson said, after world leaders held virtual talks on Afghanistan.

Mr Johnson, who led the meeting, said “the number one condition that we're insisting on is safe passage” for those wanting to leave Afghanistan after August 31, when Nato forces are set to leave the country.

On removing people from Kabul, he said the UK “will go on right up until the last moment we can”, but he conceded that “the situation at the airport is not getting any better”.

“What we're saying is Afghanistan can't lurch back into becoming a breeding ground of terror, Afghanistan can't become a narco-state, girls have got to be educated up to the age of 18,” he said.

Mr Johnson was among leaders at the G7 talks who had hoped to convince US President Joe Biden to extend the August 31 deadline and allow more people to leave.

“When this evacuation mission ends — and the meeting today did not lead to any change in the dates — there will be a phase in which we have to ensure that Afghan civilians and other vulnerable people can leave the country,” said German Chancellor Angela Merkel.

“In this regard, there is the question of whether you can start operating a civilian airport again. There are intensive discussions about this,” she added.

A joint statement by G7 leaders said the Taliban would be held accountable for their actions to prevent terrorism in Afghanistan.

  • Passengers flown from Afghanistan land safely at RAF Brize Norton in southern England. AFP
    Passengers flown from Afghanistan land safely at RAF Brize Norton in southern England. AFP
  • People believed to have recently arrived from Afghanistan stand in the courtyard of a hotel near Manchester Airport, England. The British government recently announced that it planned to transport thousands of Afghans to the UK as part of its Afghan Relocation and Assistance Program. Getty Images
    People believed to have recently arrived from Afghanistan stand in the courtyard of a hotel near Manchester Airport, England. The British government recently announced that it planned to transport thousands of Afghans to the UK as part of its Afghan Relocation and Assistance Program. Getty Images
  • Britain is urging the US to extend the deadline of August 31 for Afghanistan evacuations. AFP
    Britain is urging the US to extend the deadline of August 31 for Afghanistan evacuations. AFP
  • RAF personnel pack necessities for Afghan nationals arriving at RAF Brize Norton, in England. AP Photo
    RAF personnel pack necessities for Afghan nationals arriving at RAF Brize Norton, in England. AP Photo
  • A member of the UK Armed Forces fist-bumping an evacuee during their deployment to support the evacuation of British nationals and entitled personnel at Kabul airport. AFP
    A member of the UK Armed Forces fist-bumping an evacuee during their deployment to support the evacuation of British nationals and entitled personnel at Kabul airport. AFP
  • Afghan refugees arriving in a military plane at Roissy airport, north of Paris. AP Photo
    Afghan refugees arriving in a military plane at Roissy airport, north of Paris. AP Photo
  • Spanish Minister of Defense, Margarita Robles, welcomes some of the 292 Afghan refugees who landed at the Torrejon de Ardoz military base in Madrid, Spain. EPA
    Spanish Minister of Defense, Margarita Robles, welcomes some of the 292 Afghan refugees who landed at the Torrejon de Ardoz military base in Madrid, Spain. EPA
  • US Army soldiers work together to set up cots at Camp Kasserine for the arrival of citizens from Afghanistan who will lodge at Grafenwoehr Training Area, Germany. Reuters
    US Army soldiers work together to set up cots at Camp Kasserine for the arrival of citizens from Afghanistan who will lodge at Grafenwoehr Training Area, Germany. Reuters
  • People are ferried by bus after disembarking an Air Belgium evacuation flight arriving from Afghanistan at Melsbroek Military Airport, Belgium. EPA
    People are ferried by bus after disembarking an Air Belgium evacuation flight arriving from Afghanistan at Melsbroek Military Airport, Belgium. EPA
  • Citizens arrive in Belgium after being flown to safety from Afghanistan. EPA
    Citizens arrive in Belgium after being flown to safety from Afghanistan. EPA
  • Back on terra firma as people leave a US Air Force C-17 Globemaster III at Naval Air Station Sigonella, Sicily. AFP
    Back on terra firma as people leave a US Air Force C-17 Globemaster III at Naval Air Station Sigonella, Sicily. AFP
  • A passenger looks through the window of a plane carrying people fleeing Afghanistan, at Boryspil International Airport outside Kiev. AFP
    A passenger looks through the window of a plane carrying people fleeing Afghanistan, at Boryspil International Airport outside Kiev. AFP
  • Afghan people pass a Spanish soldier after arriving on a plane at the Torrejon military base as part of the evacuation process in Madrid. AP Photo
    Afghan people pass a Spanish soldier after arriving on a plane at the Torrejon military base as part of the evacuation process in Madrid. AP Photo
  • Spanish military staff inspect luggage of some of the 260 Afghan citizens who were flown by Spanish authorities to the Torrejon military base. EPA
    Spanish military staff inspect luggage of some of the 260 Afghan citizens who were flown by Spanish authorities to the Torrejon military base. EPA
  • An Afghan woman gave birth to a baby girl on board a US aircraft moments after the plane landed at the Ramstein Air Base in Germany. Photo: US Air Force
    An Afghan woman gave birth to a baby girl on board a US aircraft moments after the plane landed at the Ramstein Air Base in Germany. Photo: US Air Force
  • US Air Force personnel play football with Afghan citizens who arrived at Ramstein Air Base, Germany. EPA
    US Air Force personnel play football with Afghan citizens who arrived at Ramstein Air Base, Germany. EPA

Nato member states would fight terrorism “wherever it is found”, they said.

The G7 said the Taliban’s legitimacy would depend on whether they uphold the rights of women and girls and work to ensure a stable Afghanistan.

Further demands by the G7 included allowing unhindered humanitarian access to the country and preventing human and drug trafficking.

“Afghanistan must never again become a safe haven for terrorism, nor a source of terrorist attacks on others,” the leaders said.

“Any future Afghan government must adhere to Afghanistan’s international obligations and commitment to protect against terrorism.”

Taliban spokesman Zabihullah Mujahid earlier told Afghans not go to Kabul airport or try to leave the country.

“We ask the Americans, don't encourage Afghans to leave. We need their talent,” he said.

The Taliban said the US had taken “Afghan experts”, such as engineers, out of the country.

Mr Mujahid said foreign citizens would be allowed to leave before the August 31 deadline, but he repeated that the Taliban would not agree to an extension.

European Council President Charles Michel said Brussels had pushed the US to secure the airport “as long as necessary” and ensure access for everyone entitled to evacuation. He said that completing evacuations from Kabul was the most pressing priority for the EU.

“We are concerned about the ability to safely reach the Kabul airport,” he said. “We call on the new Afghan authorities to allow free passage to all foreign and Afghan citizens who wish to get to the airports.”

European Commission chief Ursula von der Leyen said most EU staff and their families have been relocated from Afghanistan and are safe.

She said countries should co-ordinate efforts to resettle Afghans who are fleeing the Taliban. All nations that fought in Afghanistan should take part in this, she said.

Mr Michel said it was too early to say how the EU's relations with the Taliban would develop.

“Let’s not allow the creation of a new market for smugglers and human traffickers,” he said. “We are determined to keep the migratory flows under control and the EU’s borders protected.

“The co-operation between Nato and other allies will be key … to prevent the entry of foreign terrorist fighters.

“There will be more lessons to draw from what happened in Afghanistan. These events show that developing our strategic autonomy while keeping our alliances as strong as ever is important for the future of Europe.”

Ms von der Leyen said G7 leaders “all agreed that it is our moral duty to help the Afghan people and to provide as much support as conditions allow".

“The situation is indeed a tragedy for the Afghan people and it is a setback for the international community,” she said.

Ms von der Leyen said G7 leaders “all agreed that it is our moral duty to help the Afghan people and to provide as much support as conditions allow".

Mr Johnson said the UK has taken 9,000 people out of Kabul on 57 flights so far, but was hopeful of taking “thousands more out” amid chaos outside the airport as Afghans attempt to flee the country.

“I hope there is now a different path forward and a better future,” he said. “I don't think anybody is going to believe that this is going to be easy.”

The UK prime minister insisted that the UK’s initial evacuation phase had been a “considerable success”.

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.”

New UK refugee system

 

  • A new “core protection” for refugees moving from permanent to a more basic, temporary protection
  • Shortened leave to remain - refugees will receive 30 months instead of five years
  • A longer path to settlement with no indefinite settled status until a refugee has spent 20 years in Britain
  • To encourage refugees to integrate the government will encourage them to out of the core protection route wherever possible.
  • Under core protection there will be no automatic right to family reunion
  • Refugees will have a reduced right to public funds
Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

In numbers: China in Dubai

The number of Chinese people living in Dubai: An estimated 200,000

Number of Chinese people in International City: Almost 50,000

Daily visitors to Dragon Mart in 2018/19: 120,000

Daily visitors to Dragon Mart in 2010: 20,000

Percentage increase in visitors in eight years: 500 per cent

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COMPANY PROFILE

Company name: Happy Tenant

Started: January 2019

Co-founders: Joe Moufarrej and Umar Rana

Based: Dubai

Sector: Technology, real-estate

Initial investment: Dh2.5 million

Investors: Self-funded

Total customers: 4,000

The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

Under 19 Cricket World Cup, Asia Qualifier

Fixtures
Friday, April 12, Malaysia v UAE
Saturday, April 13, UAE v Nepal
Monday, April 15, UAE v Kuwait
Tuesday, April 16, UAE v Singapore
Thursday, April 18, UAE v Oman

UAE squad
Aryan Lakra (captain), Aaron Benjamin, Akasha Mohammed, Alishan Sharafu, Anand Kumar, Ansh Tandon, Ashwanth Valthapa, Karthik Meiyappan, Mohammed Faraazuddin, Rishab Mukherjee, Niel Lobo, Osama Hassan, Vritya Aravind, Wasi Shah

Jewel of the Expo 2020

252 projectors installed on Al Wasl dome

13.6km of steel used in the structure that makes it equal in length to 16 Burj Khalifas

550 tonnes of moulded steel were raised last year to cap the dome

724,000 cubic metres is the space it encloses

Stands taller than the leaning tower of Pisa

Steel trellis dome is one of the largest single structures on site

The size of 16 tennis courts and weighs as much as 500 elephants

Al Wasl means connection in Arabic

World’s largest 360-degree projection surface

Skoda Superb Specs

Engine: 2-litre TSI petrol

Power: 190hp

Torque: 320Nm

Price: From Dh147,000

Available: Now

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

World Cricket League Division 2

In Windhoek, Namibia - Top two teams qualify for the World Cup Qualifier in Zimbabwe, which starts on March 4.

UAE fixtures

Thursday, February 8 v Kenya; Friday, February v Canada; Sunday, February 11 v Nepal; Monday, February 12 v Oman; Wednesday, February 14 v Namibia; Thursday, February 15 final

Gulf Under 19s final

Dubai College A 50-12 Dubai College B

FFP EXPLAINED

What is Financial Fair Play?
Introduced in 2011 by Uefa, European football’s governing body, it demands that clubs live within their means. Chiefly, spend within their income and not make substantial losses.

What the rules dictate?
The second phase of its implementation limits losses to €30 million (Dh136m) over three seasons. Extra expenditure is permitted for investment in sustainable areas (youth academies, stadium development, etc). Money provided by owners is not viewed as income. Revenue from “related parties” to those owners is assessed by Uefa's “financial control body” to be sure it is a fair value, or in line with market prices.

What are the penalties?
There are a number of punishments, including fines, a loss of prize money or having to reduce squad size for European competition – as happened to PSG in 2014. There is even the threat of a competition ban, which could in theory lead to PSG’s suspension from the Uefa Champions League.

Company profile

Company: Rent Your Wardrobe 

Date started: May 2021 

Founder: Mamta Arora 

Based: Dubai 

Sector: Clothes rental subscription 

Stage: Bootstrapped, self-funded 

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Carzaty%2C%20now%20Kavak%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3ELaunch%20year%3A%20%3C%2Fstrong%3ECarzaty%20launched%20in%202018%2C%20Kavak%20in%20the%20GCC%20launched%20in%202022%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%20140%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20Automotive%3Cbr%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3ECarzaty%20raised%20%246m%20in%20equity%20and%20%244m%20in%20debt%3B%20Kavak%20plans%20%24130m%20investment%20in%20the%20GCC%3C%2Fp%3E%0A

Turkish Ladies

Various artists, Sony Music Turkey 

COMPANY%20PROFILE
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How much do leading UAE’s UK curriculum schools charge for Year 6?
  1. Nord Anglia International School (Dubai) – Dh85,032
  2. Kings School Al Barsha (Dubai) – Dh71,905
  3. Brighton College Abu Dhabi - Dh68,560
  4. Jumeirah English Speaking School (Dubai) – Dh59,728
  5. Gems Wellington International School – Dubai Branch – Dh58,488
  6. The British School Al Khubairat (Abu Dhabi) - Dh54,170
  7. Dubai English Speaking School – Dh51,269

*Annual tuition fees covering the 2024/2025 academic year

Company profile

Name: Steppi

Founders: Joe Franklin and Milos Savic

Launched: February 2020

Size: 10,000 users by the end of July and a goal of 200,000 users by the end of the year

Employees: Five

Based: Jumeirah Lakes Towers, Dubai

Financing stage: Two seed rounds – the first sourced from angel investors and the founders' personal savings

Second round raised Dh720,000 from silent investors in June this year

Company%C2%A0profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ETuhoon%0D%3Cbr%3E%3Cstrong%3EYear%20started%3A%20%3C%2Fstrong%3EJune%202021%0D%3Cbr%3E%3Cstrong%3ECo-founders%3A%20%3C%2Fstrong%3EFares%20Ghandour%2C%20Dr%20Naif%20Almutawa%2C%20Aymane%20Sennoussi%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3ERiyadh%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3Ehealth%20care%0D%3Cbr%3E%3Cstrong%3ESize%3A%20%3C%2Fstrong%3E15%20employees%2C%20%24250%2C000%20in%20revenue%0D%3Cbr%3EI%3Cstrong%3Envestment%20stage%3A%20s%3C%2Fstrong%3Eeed%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EWamda%20Capital%2C%20Nuwa%20Capital%2C%20angel%20investors%3C%2Fp%3E%0A
Company%20profile
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FINAL SCORES

Fujairah 130 for 8 in 20 overs

(Sandy Sandeep 29, Hamdan Tahir 26 no, Umair Ali 2-15)

Sharjah 131 for 8 in 19.3 overs

(Kashif Daud 51, Umair Ali 20, Rohan Mustafa 2-17, Sabir Rao 2-26)

%20Ramez%20Gab%20Min%20El%20Akher
%3Cp%3E%3Cstrong%3ECreator%3A%3C%2Fstrong%3E%20Ramez%20Galal%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Ramez%20Galal%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStreaming%20on%3A%20%3C%2Fstrong%3EMBC%20Shahid%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E2.5%2F5%3C%2Fp%3E%0A
Updated: August 24, 2021, 10:29 PM