Mikhail Gorbachev: former Soviet president dies aged 91


Soraya Ebrahimi
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The last leader of the Soviet Union, former president Mikhail Gorbachev, has died aged 91, Russian news agencies reported on Tuesday.

“Mikhail Sergeyevich Gorbachev died this evening after a serious and long illness,” the Central Clinical Hospital in Moscow told Russian agencies.

Gorbachev was in power between 1985 and 1991 and was the last surviving Cold War leader.

He spent much of the past two decades on the political periphery.

He called for the Kremlin and the White House to mend relations as tension soared to Cold War levels after Russia annexed Crimea in 2014 and launched an offensive in Ukraine this year.

Gorbachev spent the twilight years of his life in and out of hospital with deteriorating health, and stayed in quarantine during the coronavirus pandemic as a precaution against Covid-19.

He was remembered fondly in the West, where he was referred to affectionately as “Gorby”. He was best known for defusing US-Soviet nuclear tension in the 1980s, and bringing Eastern Europe out from behind the Iron Curtain.

Gorbachev won a Nobel Peace Prize in 1990 for negotiating a nuclear arms pact with US president Ronald Reagan.

Former US President Ronald Reagan at his first meeting with former Soviet leader Mikhail Gorbachev in Geneva, Switzerland, in 1985. Reuters
Former US President Ronald Reagan at his first meeting with former Soviet leader Mikhail Gorbachev in Geneva, Switzerland, in 1985. Reuters

His decision to withhold the Red Army when the Berlin Wall fell a year earlier was regarded as crucial to preserving Cold War peace.

He was also praised in the West for leading reforms to achieve transparency and greater public discussion that hastened the break-up of the Soviet empire.

Gorbachev will be buried in Moscow's Novodevichy Cemetery next to his wife Raisa, who died in 1999, Tass news agency reported.

Late on Tuesday, there were tributes to Gorbachev from around the world.

In the UAE, Dr Anwar Gargash, diplomatic adviser to the President, called Gorbachev a "historical" figure.

"Mikhail Gorbachev, who left us yesterday, is a historical and tragic figure at the same time," Dr Gargash wrote on Twitter.

"He sought to reform the Soviet Union and co-operate with the international system, ending the Cold War, the intervention in Afghanistan and the arms race, to finally see the disintegration of the union due to history and the economy. The lesson is that history is written by results, not intentions."

Despite Gorbachev's often difficult relationship with President Vladimir Putin, the Russian leader nonetheless expressed his sadness.

“President Putin expresses his deep sympathies over the death of Mikhail Gorbachev. In the morning, he will send a telegram of condolences to his family and friends,” Kremlin spokesman Dmitry Peskov told Russian news agencies.

UN Secretary General Antonio Guterres said: “The world has lost a towering global leader, committed multilateralist and tireless advocate for peace.”

He also said he was “deeply saddened” to learn of his passing and added he was “a one-of-a-kind statesman who changed the course of history”.

“He did more than any other individual to bring about a peaceful end to the Cold War,” Mr Guterres said.

EU Commissioner Ursula von der Leyen praised Gorbachev as a “trusted and respected leader”.

“He played a crucial role to end the Cold War and bring down the Iron Curtain. It opened the way for a free Europe. This legacy is one we will not forget,” she said on Twitter.

Departing British Prime Minister Boris Johnson also paid tribute to Gorbachev on Twitter.

“I’m saddened to hear of the death of Gorbachev," he said.

“I always admired the courage and integrity he showed in bringing the Cold War to a peaceful conclusion.

“In a time of Putin’s aggression in Ukraine, his tireless commitment to opening up Soviet society remains an example to us all.”

Former US secretary of state Henry Kissinger said Gorbachev “performed great services” but was “not able to implement all of his visions”, telling BBC’s Newsnight: “The people of Eastern Europe and the German people, and in the end the Russian people, owe him a great debt of gratitude for the inspiration, for the courage in coming forward with these ideas of freedom.

“He will still be remembered in history as a man who started historic transformations that were to the benefit of mankind and to the Russian people.”

Key dates in the life of ex-Soviet leader Mikhail Gorbachev

  • March 2, 1931: Born into a peasant family in the village of Privolnoye in the southern Stavropol region.
  • 1946: Starts working as a driver of a combine harvester on a collective farm. Joins Young Communist League.
  • 1952: Joins the ruling Communist Party of the Soviet Union, made up of several socialist republics.
  • 1953: Marries Raisa Titarenko whom he met at university while studying law. They had a daughter, Irina, in 1957. Raisa died from leukaemia in 1999.
  • 1985-1991: Leads the Soviet Union as general secretary of the Communist Party and as president when the post is introduced in 1990.
  • October 1985: Presents a modernising economic reform plan known as perestroika.
  • 1987: He and the US President Ronald Reagan sign the Intermediate-Range Nuclear Forces treaty on slashing their nuclear arsenals, ending a superpower build-up of warheads.
  • 1988-1989: Soviet troops withdraw from Afghanistan, defeated after a 10-year campaign.
  • 1990: Gorbachev is awarded the Nobel Peace Prize for reforms leading to the end of the Cold War between Eastern and Western blocs.
  • August 1991: Hardline communists attempt failed coup while Gorbachev is on holiday in Crimea. A series of Soviet republics begin declaring independence.
  • December 1991: After the leaders of Belarus, Russia and Ukraine conclude that the Soviet Union no longer exists and sign accords for its dissolution, Gorbachev resigns.
  • 1996: He stands as an independent in presidential polls but takes only 0.5 per cent of the vote. Boris Yeltsin won the election.
TECH%20SPECS%3A%20APPLE%20WATCH%20SERIES%208
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Another way to earn air miles

In addition to the Emirates and Etihad programmes, there is the Air Miles Middle East card, which offers members the ability to choose any airline, has no black-out dates and no restrictions on seat availability. Air Miles is linked up to HSBC credit cards and can also be earned through retail partners such as Spinneys, Sharaf DG and The Toy Store.

An Emirates Dubai-London round-trip ticket costs 180,000 miles on the Air Miles website. But customers earn these ‘miles’ at a much faster rate than airline miles. Adidas offers two air miles per Dh1 spent. Air Miles has partnerships with websites as well, so booking.com and agoda.com offer three miles per Dh1 spent.

“If you use your HSBC credit card when shopping at our partners, you are able to earn Air Miles twice which will mean you can get that flight reward faster and for less spend,” says Paul Lacey, the managing director for Europe, Middle East and India for Aimia, which owns and operates Air Miles Middle East.

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.”

WISH
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The%20specs
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The specs: 2018 Genesis G70

Price, base / as tested: Dh155,000 / Dh205,000

Engine: 3.3-litre, turbocharged V6

Gearbox: Eight-speed automatic

Power: 370hp @ 6,000rpm

Torque: 510Nm @ 1,300rpm

Fuel economy, combined: 10.6L / 100km

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Essentials

The flights
Emirates, Etihad and Malaysia Airlines all fly direct from the UAE to Kuala Lumpur and on to Penang from about Dh2,300 return, including taxes. 
 

Where to stay
In Kuala Lumpur, Element is a recently opened, futuristic hotel high up in a Norman Foster-designed skyscraper. Rooms cost from Dh400 per night, including taxes. Hotel Stripes, also in KL, is a great value design hotel, with an infinity rooftop pool. Rooms cost from Dh310, including taxes. 


In Penang, Ren i Tang is a boutique b&b in what was once an ancient Chinese Medicine Hall in the centre of Little India. Rooms cost from Dh220, including taxes.
23 Love Lane in Penang is a luxury boutique heritage hotel in a converted mansion, with private tropical gardens. Rooms cost from Dh400, including taxes. 
In Langkawi, Temple Tree is a unique architectural villa hotel consisting of antique houses from all across Malaysia. Rooms cost from Dh350, including taxes.

The specs

Price, base / as tested Dh12 million

Engine 8.0-litre quad-turbo, W16

Gearbox seven-speed dual clutch auto

Power 1479 @ 6,700rpm

Torque 1600Nm @ 2,000rpm 0-100kph: 2.6 seconds 0-200kph: 6.1 seconds

Top speed 420 kph (governed)

Fuel economy, combined 35.2L / 100km (est)

UAE currency: the story behind the money in your pockets
The Sand Castle

Director: Matty Brown

Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

Rating: 2.5/5

Credits

Produced by: Colour Yellow Productions and Eros Now
Director: Mudassar Aziz
Cast: Sonakshi Sinha, Jimmy Sheirgill, Jassi Gill, Piyush Mishra, Diana Penty, Aparshakti Khurrana
Star rating: 2.5/5

Two products to make at home

Toilet cleaner

1 cup baking soda 

1 cup castile soap

10-20 drops of lemon essential oil (or another oil of your choice) 

Method:

1. Mix the baking soda and castile soap until you get a nice consistency.

2. Add the essential oil to the mix.

Air Freshener

100ml water 

5 drops of the essential oil of your choice (note: lavender is a nice one for this) 

Method:

1. Add water and oil to spray bottle to store.

2. Shake well before use. 

Updated: August 31, 2022, 9:18 AM