BONN, GERMANY // An international conference yesterday on the future of Afghanistan was overshadowed by a public display of bad blood between the United States and Pakistan, the two nations with the greatest stake and say in making Afghanistan safe and solvent.
Pakistan boycotted the conference in the German city of Bonn at which some 100 nations and international organisations, including the United Nations, pledged political and financial support to ensure Afghanistan's stability after international troops leave the country in 2014.
Islamabad decided not to attend the conference to protest an apparently errant US air raid last month that killed 24 Pakistani soldiers along the border with Afghanistan. The strike enhanced the perception in Pakistan that Nato and the US were its true enemies, not the Taliban militants who operate on both sides of the border.
"It was unfortunate that they did not participate," said Hillary Clinton, the US secretary of state. "I expect that Pakistan will be involved going forward and we expect them to play a constructive role."
Pakistan has been seen as instrumental to ending the insurgency in Afghanistan because of its links to militant groups and its unwillingness, from the US and Nato perspective, to drive insurgents from safe havens on its soil where they regroup and rearm.
Germany and the US had once hoped the conference would showcase progress towards a political settlement between Afghanistan and the Taliban-led insurgency that 10 years of fighting by international forces has failed to dislodge. Instead, it became a status report on halting progress on other fronts and a glaring reminder that neither the Taliban nor Pakistan was ready to sign up to the international agenda for Afghanistan.
Participating nations were to pledge their support for an inclusive Afghan-led reconciliation process on condition that any outcome must reject violence, terrorism and endorse the Afghan constitution and its guarantee of human rights.
Yousuf Raza Gilani, the Pakistani president, said that his country was committed to working with Afghanistan to bring insurgent leaders into talks with the government.
The US has sought an agreement with the Afghan government establishing operating rules for the small number of remaining US forces and other issues after international forces withdraw.
Afghanistan's fragile government presented a sobering view of its long-term financial dependence and promised fiscal reforms along with a renewed crackdown on corruption. The country will need international handouts for years after most foreign forces - currently totalling about 130,000 international troops - leave Afghanistan in 2014.
"Together we have spent blood and treasure in fighting terrorism," sais the Afghan president Hamid Karzai. "Your continued solidarity, your commitment and support will be crucial so that we can consolidate our gains and continue to address the challenges that remain. We will need your steadfast support for at least another decade," Karzai added, echoing an assessment by the World Bank.
Donor nations did not commit to specific figures at the one-day session yesterday, but pledged that economic and other advances in Afghanistan since the removal of the Taliban government in 2001 should be safeguarded with continued funding. A donor conference will be held in July in Japan. Despite more than a decade of international intervention, Afghanistan still ranks among the world's poorest and most corrupt nations in the world.
Company%20Profile
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Three trading apps to try
Sharad Nair recommends three investment apps for UAE residents:
- For beginners or people who want to start investing with limited capital, Mr Nair suggests eToro. “The low fees and low minimum balance requirements make the platform more accessible,” he says. “The user interface is straightforward to understand and operate, while its social element may help ease beginners into the idea of investing money by looking to a virtual community.”
- If you’re an experienced investor, and have $10,000 or more to invest, consider Saxo Bank. “Saxo Bank offers a more comprehensive trading platform with advanced features and insight for more experienced users. It offers a more personalised approach to opening and operating an account on their platform,” he says.
- Finally, StashAway could work for those who want a hands-off approach to their investing. “It removes one of the biggest challenges for novice traders: picking the securities in their portfolio,” Mr Nair says. “A goal-based approach or view towards investing can help motivate residents who may usually shy away from investment platforms.”
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
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More on Quran memorisation:
The years Ramadan fell in May
Countries offering golden visas
UK
Innovator Founder Visa is aimed at those who can demonstrate relevant experience in business and sufficient investment funds to set up and scale up a new business in the UK. It offers permanent residence after three years.
Germany
Investing or establishing a business in Germany offers you a residence permit, which eventually leads to citizenship. The investment must meet an economic need and you have to have lived in Germany for five years to become a citizen.
Italy
The scheme is designed for foreign investors committed to making a significant contribution to the economy. Requires a minimum investment of €250,000 which can rise to €2 million.
Switzerland
Residence Programme offers residence to applicants and their families through economic contributions. The applicant must agree to pay an annual lump sum in tax.
Canada
Start-Up Visa Programme allows foreign entrepreneurs the opportunity to create a business in Canada and apply for permanent residence.
'Joker'
Directed by: Todd Phillips
Starring: Joaquin Phoenix
Rating: Five out of five stars
COMPANY PROFILE
Name: Xpanceo
Started: 2018
Founders: Roman Axelrod, Valentyn Volkov
Based: Dubai, UAE
Industry: Smart contact lenses, augmented/virtual reality
Funding: $40 million
Investor: Opportunity Venture (Asia)
The specs: 2017 Ford F-150 Raptor
Price, base / as tested Dh220,000 / Dh320,000
Engine 3.5L V6
Transmission 10-speed automatic
Power 421hp @ 6,000rpm
Torque 678Nm @ 3,750rpm
Fuel economy, combined 14.1L / 100km
RESULT
West Brom 2 Liverpool 2
West Brom: Livermore (79'), Rondón (88' )
Liverpool: Ings (4'), Salah (72')
'Skin'
Dir: Guy Nattiv
Starring: Jamie Bell, Danielle McDonald, Bill Camp, Vera Farmiga
Rating: 3.5/5 stars
The Florida Project
Director: Sean Baker
Starring: Bria Vinaite, Brooklynn Prince, Willem Dafoe
Four stars
Fund-raising tips for start-ups
Develop an innovative business concept
Have the ability to differentiate yourself from competitors
Put in place a business continuity plan after Covid-19
Prepare for the worst-case scenario (further lockdowns, long wait for a vaccine, etc.)
Have enough cash to stay afloat for the next 12 to 18 months
Be creative and innovative to reduce expenses
Be prepared to use Covid-19 as an opportunity for your business
* Tips from Jassim Al Marzooqi and Walid Hanna
'Fantastic Beasts: The Secrets of Dumbledore'
Rating: 3/5
Directed by: David Yates
Starring: Mads Mikkelson, Eddie Redmayne, Ezra Miller, Jude Law
Roll of honour
Who has won what so far in the West Asia Premiership season?
Western Clubs Champions League - Winners: Abu Dhabi Harlequins; Runners up: Bahrain
Dubai Rugby Sevens - Winners: Dubai Exiles; Runners up: Jebel Ali Dragons
West Asia Premiership - Winners: Jebel Ali Dragons; Runners up: Abu Dhabi Harlequins
UAE Premiership Cup - Winners: Abu Dhabi Harlequins; Runners up: Dubai Exiles
West Asia Cup - Winners: Bahrain; Runners up: Dubai Exiles
West Asia Trophy - Winners: Dubai Hurricanes; Runners up: DSC Eagles
Final West Asia Premiership standings - 1. Jebel Ali Dragons; 2. Abu Dhabi Harlequins; 3. Bahrain; 4. Dubai Exiles; 5. Dubai Hurricanes; 6. DSC Eagles; 7. Abu Dhabi Saracens
Fixture (UAE Premiership final) - Friday, April 13, Al Ain – Dubai Exiles v Abu Dhabi Harlequins
UAE currency: the story behind the money in your pockets
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Results for Stage 2
Stage 2 Yas Island to Abu Dhabi, 184 km, Road race
Overall leader: Primoz Roglic SLO (Team Jumbo - Visma)
Stage winners: 1. Fernando Gaviria COL (UAE Team Emirates) 2. Elia Viviani ITA (Deceuninck - Quick-Step) 3. Caleb Ewan AUS (Lotto - Soudal)
How to avoid crypto fraud
- Use unique usernames and passwords while enabling multi-factor authentication.
- Use an offline private key, a physical device that requires manual activation, whenever you access your wallet.
- Avoid suspicious social media ads promoting fraudulent schemes.
- Only invest in crypto projects that you fully understand.
- Critically assess whether a project’s promises or returns seem too good to be true.
- Only use reputable platforms that have a track record of strong regulatory compliance.
- Store funds in hardware wallets as opposed to online exchanges.
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.