Iran's Foreign Minister Mohammad Javad Zarif (R) shakes hands with his British counterpart Boris Johnson during a meeting in Tehran on December 9, 2017. / AFP PHOTO / ATTA KENARE
Iran's foreign minister Mohammad Zarif shakes hands with his British counterpart Boris Johnson during a meeting in Tehran. Atta Kenare / AFP

EU foreign ministers to discuss nuclear deal with Iran’s Zarif



British foreign secretary Boris Johnson will travel to Brussels on Thursday to meet the Iranian foreign minister and his European counterparts to discuss the Iran nuclear deal.

He will be joined in his discussions by Iran's Mohammed Zarif, France's Jean-Yves Le Drian, Germany's Sigmar Gabriel, and the EU's high representative for foreign affairs, Federica Mogherini.

The five will discuss the future of the Joint Comprehensive Plan of Action (JCPOA), which was agreed in 2015 when the Iranians agreed to halt their nuclear ambitions in return for a suspension of sanctions by Europe and America.

The agreement has come under intense pressure in recent months as it has appeared that the US president Donald Trump could have been planning on rejecting the premises of the JCPOA and pursuing further sanctions against Iran, especially in light of the recent public unrest in the Middle Eastern country.

The announcement on Wednesday that the Trump administration remained committed to the process, despite belligerent language towards Iran, may have reduced the political temperature surrounding the meeting.

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Mr Trump has confirmed that he will refrain from taking a significant measure that could have unravelled the Iran nuclear deal this week, and instead will continue to sign a waiver that would offer sanctions relief to Iran, so keeping the JCPOA in place.

Mr Johnson said: “The UK has always been clear: the Iran nuclear deal is a crucial agreement that makes the world safer. It is vital that we continue to work with our European partners to preserve the Iran deal, and with it the security and prosperity it is bringing to the people of Iran and the world. It is those shared interests which will drive our discussions in Brussels.

“Of course there are areas where we disagree with Iran, not least on its destabilising regional activity and its ballistic missile programme. This will be an important part of our conversation,” Mr Johnson said.

“I will be making it clear to Mr Zarif, on the subject of the recent protests in Iran, that the right to peaceful demonstration within the law is central to any truly thriving society. I will also raise all of our Iranian dual-national consular cases.”

The foreign secretary most recently met Mr Zaif during the diplomatic storm about Nazanin Zaghari-Ratcliffe, a British-Iranian woman who has been held in the Islamic republic since 2016 on charges of espionage.

Mr Johnson has been accused in some quarters of making Mrs Zaghari-Ratcliffe’s plight worse by mistakenly suggesting she was in Iran to teach journalism, when in fact she was there on holiday. After this statement, legal authorities in that country suggested that this was confirmation she had lied about her purpose there, and threatened to double her five-year sentence.

Brief scores:

Juventus 3

Dybala 6', Bonucci 17', Ronaldo 63'

Frosinone 0

COMPANY PROFILE

Company name: Revibe
Started: 2022
Founders: Hamza Iraqui and Abdessamad Ben Zakour
Based: UAE
Industry: Refurbished electronics
Funds raised so far: $10m
Investors: Flat6Labs, Resonance and various others

Company Profile

Company name: Namara
Started: June 2022
Founder: Mohammed Alnamara
Based: Dubai
Sector: Microfinance
Current number of staff: 16
Investment stage: Series A
Investors: Family offices

WHAT IS A BLACK HOLE?

1. Black holes are objects whose gravity is so strong not even light can escape their pull

2. They can be created when massive stars collapse under their own weight

3. Large black holes can also be formed when smaller ones collide and merge

4. The biggest black holes lurk at the centre of many galaxies, including our own

5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed

The biog

Favourite hobby: taking his rescue dog, Sally, for long walks.

Favourite book: anything by Stephen King, although he said the films rarely match the quality of the books

Favourite film: The Shawshank Redemption stands out as his favourite movie, a classic King novella

Favourite music: “I have a wide and varied music taste, so it would be unfair to pick a single song from blues to rock as a favourite"

The specs

Price, base / as tested Dh100,000 (estimate)

Engine 2.4L four-cylinder

Gearbox Nine-speed automatic

Power 184bhp at 6,400rpm

Torque 237Nm at 3,900rpm

Fuel economy, combined 9.4L/100km

COMPANY PROFILE

Company name: BorrowMe (BorrowMe.com)

Date started: August 2021

Founder: Nour Sabri

Based: Dubai, UAE

Sector: E-commerce / Marketplace

Size: Two employees

Funding stage: Seed investment

Initial investment: $200,000

Investors: Amr Manaa (director, PwC Middle East)

The five new places of worship

Church of South Indian Parish

St Andrew's Church Mussaffah branch

St Andrew's Church Al Ain branch

St John's Baptist Church, Ruwais

Church of the Virgin Mary and St Paul the Apostle, Ruwais

 

UAE v IRELAND

All matches start at 10am, and will be played in Abu Dhabi

1st ODI, Friday, January 8

2nd ODI, Sunday, January 10

3rd ODI, Tuesday, January 12

4th ODI, Thursday, January 14

How Islam's view of posthumous transplant surgery changed

Transplants from the deceased have been carried out in hospitals across the globe for decades, but in some countries in the Middle East, including the UAE, the practise was banned until relatively recently.

Opinion has been divided as to whether organ donations from a deceased person is permissible in Islam.

The body is viewed as sacred, during and after death, thus prohibiting cremation and tattoos.

One school of thought viewed the removal of organs after death as equally impermissible.

That view has largely changed, and among scholars and indeed many in society, to be seen as permissible to save another life.

Traces of Enayat

Author: Iman Mersal
Publisher: And Other Stories
Pages: 240

'Ashkal'

Director: Youssef Chebbi

Stars: Fatma Oussaifi and Mohamed Houcine Grayaa

Rating: 4/5

WIDE VIEW

The benefits of HoloLens 2, according to Microsoft:

Manufacturing: Reduces downtime and speeds up onboarding and upskilling

Engineering and construction: Accelerates the pace of construction and mitigates risks earlier in the construction cycle

Health care: Enhances the delivery of patient treatment at the point of care

Education: Improves student outcomes and teaches from anywhere with experiential learning

Race card

6pm: Al Maktoum Challenge Round 1 – Group 1 (PA) $50,000 (Dirt) 1,600m
6.35pm: Dubai Racing Club Classic – Handicap (TB) $100,000 (D) 2,410m
7.10pm: Dubawi Stakes – Group 3 (TB) $150,000 (D) 1,200m
7.45pm: Jumeirah Classic Trial – Conditions (TB) $150,000 (Turf) 1,400m
8.20pm: Al Maktoum Challenge Round 1 – Group 2 (TB) $250,000 (D) 1,600m
8.55pm: Al Fahidi Fort – Group 2 (TB) $180,000 (T) 1,400m
9.30pm: Ertijaal Dubai Dash – Listed (TB) $100,000 (T) 1,000m

Miss Granny

Director: Joyce Bernal

Starring: Sarah Geronimo, James Reid, Xian Lim, Nova Villa

3/5

(Tagalog with Eng/Ar subtitles)

J Street Polling Results

97% of Jewish-Americans are concerned about the rise in anti-Semitism

76% of US Jewish voters believe Donald Trump and his allies in the Republican Party are responsible for a rise in anti-Semitism

74% of American Jews agreed that “Trump and the Maga movement are a threat to Jews in America"

Take Me Apart

Kelela

(Warp)

The Outsider

Stephen King, Penguin

Indoor cricket World Cup:
Insportz, Dubai, September 16-23

UAE fixtures:
Men

Saturday, September 16 – 1.45pm, v New Zealand
Sunday, September 17 – 10.30am, v Australia; 3.45pm, v South Africa
Monday, September 18 – 2pm, v England; 7.15pm, v India
Tuesday, September 19 – 12.15pm, v Singapore; 5.30pm, v Sri Lanka
Thursday, September 21 – 2pm v Malaysia
Friday, September 22 – 3.30pm, semi-final
Saturday, September 23 – 3pm, grand final

Women
Saturday, September 16 – 5.15pm, v Australia
Sunday, September 17 – 2pm, v South Africa; 7.15pm, v New Zealand
Monday, September 18 – 5.30pm, v England
Tuesday, September 19 – 10.30am, v New Zealand; 3.45pm, v South Africa
Thursday, September 21 – 12.15pm, v Australia
Friday, September 22 – 1.30pm, semi-final
Saturday, September 23 – 1pm, grand final

MATCH INFO

Burnley 0

Man City 3

Raheem Sterling 35', 49'

Ferran Torres 65'

 

 

The biog

Favourite book: Animal Farm by George Orwell

Favourite music: Classical

Hobbies: Reading and writing

 

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.”

Dubai World Cup Carnival card:

6.30pm: Handicap (Turf) | US$175,000 2,410 metres

7.05pm: UAE 1000 Guineas Trial Conditions (Dirt) $100,000 1,400m

7.40pm: Handicap (T) $145,000 1,000m

8.15pm: Dubawi Stakes Group 3 (D) $200,000 1,200m

8.50pm: Singspiel Stakes Group 3 (T) $200,000 1,800m

9.25pm: Handicap (T) | $175,000 1,400m

The specs

Engine: 3.5-litre V6

Power: 272hp at 6,400rpm

Torque: 331Nm from 5,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.7L/100km

On sale: now

Price: Dh149,000

 

CRICKET WORLD CUP LEAGUE 2

Mannofield, Aberdeen

All matches start at 2pm UAE time and will be broadcast on icc.tv

UAE fixtures

Wednesday, Aug 10 – Scotland v UAE
Thursday, Aug 11 - UAE v United States
Saturday, Aug 14 – Scotland v UAE
Monday, Aug 15 – UAE v United States

UAE squad

Ahmed Raza (captain), Chirag Suri, Muhammad Waseem, Vriitya Aravind, CP Rizwan, Basil Hameed, Rohan Mustafa, Zawar Farid, Kashif Daud, Karthik Meiyappan, Zahoor Khan, Junaid Siddique, Sabir Ali, Alishan Sharafu

Table (top three teams advance directly to the 2023 World Cup Qualifier)

1. Oman 36 21 13 1 1 44
2. Scotland 24 16 6 0 2 34
3. UAE 22 12 8 1 1 26
--
4. Namibia 18 9 9 0 0 18
5. United States 24 11 12 1 0 23
6. Nepal 20 8 11 1 0 17
7. Papua New Guinea 20 1 19 0 0 2

SPEC SHEET: NOTHING PHONE (2)

Display: 6.7” LPTO Amoled, 2412 x 1080, 394ppi, HDR10+, Corning Gorilla Glass

Processor: Qualcomm Snapdragon 8+ Gen 2, octa-core; Adreno 730 GPU

Memory: 8/12GB

Capacity: 128/256/512GB

Platform: Android 13, Nothing OS 2

Main camera: Dual 50MP wide, f/1.9 + 50MP ultrawide, f/2.2; OIS, auto-focus

Main camera video: 4K @ 30/60fps, 1080p @ 30/60fps; live HDR, OIS

Front camera: 32MP wide, f/2.5, HDR

Front camera video: Full-HD @ 30fps

Battery: 4700mAh; full charge in 55m w/ 45w charger; Qi wireless, dual charging

Connectivity: Wi-Fi, Bluetooth 5.3, NFC (Google Pay)

Biometrics: Fingerprint, face unlock

I/O: USB-C

Durability: IP54, limited protection

Cards: Dual-nano SIM

Colours: Dark grey, white

In the box: Nothing Phone (2), USB-C-to-USB-C cable

Price (UAE): Dh2,499 (12GB/256GB) / Dh2,799 (12GB/512GB)


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