LONDON (AP) – The long awaited British inquiry into the 2003 invasion of Iraq has been published. Led by former senior civil servant John Chilcot, the report took over seven years to prepare and runs over two million words. The report did not analyze the legality of the invasion and instead focused on the British decision-making process in the run up to the war in 2003.
Here are some of Chilcot’s findings:
– The UK planning and preparation for the Iraq war were “wholly inadequate.”
– Iraq posed no imminent threat to the UK. Chilcot says “the UK chose to engage in the invasion of Iraq before the peaceful options for disarmament had been exhausted. Military action at that time was not a last resort.”
– The legal basis for war with Iraq was “far from satisfactory.”
– The threat from Iraq was “presented with a certainty that was not justified” by then-Prime Minister Tony Blair.
– Blair overestimated his ability to influence U.S. decision-making on Iraq.
– The British government failed to achieve its post-conflict objectives in Iraq. Chilcot says “the scale of UK efforts in post-conflict Iraq never matched the scale of the challenge.”
– Blair had been warned that military action would increase the threat from al-Qaida and that Iraq’s weapons could be transferred into the hands of terrorists – developments that continue to have consequences today.
– The report underscored the importance of collective ministerial decision-making and frank discussion and debate. Chilcot says “it is now clear that policy on Iraq was made on the basis of flawed intelligence and assessment. They were not challenged as they should have been.”
– The 2003 invasion and subsequent instability in Iraq have resulted in the deaths of 150,000 Iraqis, mostly civilians, with over 1 million people displaced. Chilcot says “the people of Iraq have suffered greatly.”
Top investing tips for UAE residents in 2021
Build an emergency fund: Make sure you have enough cash to cover six months of expenses as a buffer against unexpected problems before you begin investing, advises Steve Cronin, the founder of DeadSimpleSaving.com.
Think long-term: When you invest, you need to have a long-term mindset, so don’t worry about momentary ups and downs in the stock market.
Invest worldwide: Diversify your investments globally, ideally by way of a global stock index fund.
Is your money tied up: Avoid anything where you cannot get your money back in full within a month at any time without any penalty.
Skip past the promises: “If an investment product is offering more than 10 per cent return per year, it is either extremely risky or a scam,” Mr Cronin says.
Choose plans with low fees: Make sure that any funds you buy do not charge more than 1 per cent in fees, Mr Cronin says. “If you invest by yourself, you can easily stay below this figure.” Managed funds and commissionable investments often come with higher fees.
Be sceptical about recommendations: If someone suggests an investment to you, ask if they stand to gain, advises Mr Cronin. “If they are receiving commission, they are unlikely to recommend an investment that’s best for you.”
Get financially independent: Mr Cronin advises UAE residents to pursue financial independence. Start with a Google search and improve your knowledge via expat investing websites or Facebook groups such as SimplyFI.
Dust and sand storms compared
Sand storm
- Particle size: Larger, heavier sand grains
- Visibility: Often dramatic with thick "walls" of sand
- Duration: Short-lived, typically localised
- Travel distance: Limited
- Source: Open desert areas with strong winds
Dust storm
- Particle size: Much finer, lightweight particles
- Visibility: Hazy skies but less intense
- Duration: Can linger for days
- Travel distance: Long-range, up to thousands of kilometres
- Source: Can be carried from distant regions
The specs: 2018 Volkswagen Teramont
Price, base / as tested Dh137,000 / Dh189,950
Engine 3.6-litre V6
Gearbox Eight-speed automatic
Power 280hp @ 6,200rpm
Torque 360Nm @ 2,750rpm
Fuel economy, combined 11.7L / 100km
MATCH INFO
Delhi Daredevils 174-4 (20 ovs)
Mumbai Indians 163 (19.3 ovs)
Delhi won the match by 11 runs
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
The Bio
Favourite place in UAE: Al Rams pearling village
What one book should everyone read: Any book written before electricity was invented. When a writer willingly worked under candlelight, you know he/she had a real passion for their craft
Your favourite type of pearl: All of them. No pearl looks the same and each carries its own unique characteristics, like humans
Best time to swim in the sea: When there is enough light to see beneath the surface
UAE currency: the story behind the money in your pockets