The proposal calls for a joint approach to tackling the challenges stemming from irregular migration. AP
The proposal calls for a joint approach to tackling the challenges stemming from irregular migration. AP
The proposal calls for a joint approach to tackling the challenges stemming from irregular migration. AP
The proposal calls for a joint approach to tackling the challenges stemming from irregular migration. AP

EU pledges to ‘relaunch and strengthen’ relationship with Mediterranean neighbours


Jamie Prentis
  • English
  • Arabic

The European Union put forward a five-point plan seeking to “relaunch and strengthen” its relationship with its Mediterranean neighbours on Tuesday, underpinned by investments of up to €7 billion ($8.47bn) over the next six years.

Its plan is to improve human development, support a transition to digital and green economies, promote peace and security, and manage migration more effectively.

In unveiling the agenda, the EU said it wanted “to relaunch our co-operation and realise the untapped potential of our shared region”.

The bloc’s southern Mediterranean neighbours are Algeria, Egypt, Israel, Jordan, Lebanon, Libya, Morocco, Palestine, Syria and Tunisia.

Olivér Várhelyi, the EU commissioner charged with handling relations with border countries, said the plan marked “a new beginning in our relations with our Southern partners”.

“It shows that Europe wants to contribute directly to a long-term vision of prosperity and stability of the region, especially in the social and economic recovery from the Covid-19 crisis,” he said.

Mr Várhelyi said priorities included creating growth and jobs, and investing in human capital.

“We consider migration to be a common challenge, where we are ready to work together to fight irregular migration and smugglers together with our partners as it is a risk for all of us,” he said.

The proposal makes clear that it wants to spur long-term socio-economic recovery and aims to make the region an attractive investment option.

Josep Borrell, the EU’s chief diplomat, emphasised a partnership that supported young people and women, and one that helped the people of the region to “meet their hopes for the future, enjoy their rights and build a peaceful, secure, more democratic, greener, prosperous and inclusive Southern Neighbourhood”.

  • A migrant boy stands outside a tent at a refugee camp in Nea Kavala, northern Greece. About 1,500 asylum-seekers transported from Greece's eastern Aegean island of Lesbos to the mainland. Around 1,000 of those transferred and housed in Nea Kavala, where they will be staying in tents until the end of the month, after which they will be transferred to a new camp under construction. AP
    A migrant boy stands outside a tent at a refugee camp in Nea Kavala, northern Greece. About 1,500 asylum-seekers transported from Greece's eastern Aegean island of Lesbos to the mainland. Around 1,000 of those transferred and housed in Nea Kavala, where they will be staying in tents until the end of the month, after which they will be transferred to a new camp under construction. AP
  • A migrant carries his belongings at a refugee camp in Nea Kavala, northern Greece. About 1,500 asylum-seekers transported from Greece's eastern Aegean island of Lesbos to the mainland. Around 1,000 of those transferred and housed in Nea Kavala, where they will be staying in tents until the end of the month, after which they will be transferred to a new camp under construction. AP
    A migrant carries his belongings at a refugee camp in Nea Kavala, northern Greece. About 1,500 asylum-seekers transported from Greece's eastern Aegean island of Lesbos to the mainland. Around 1,000 of those transferred and housed in Nea Kavala, where they will be staying in tents until the end of the month, after which they will be transferred to a new camp under construction. AP
  • A migrant passes by telephone booths in Nea Kavala camp, near the city of Kilkis, northern Greece. Some 1000 refugees and migrants were transferred from the Greek island of Lesbos to the Nea Kavala camp under a decision taken by the Greek government at an emergency meeting on August 31. AFP
    A migrant passes by telephone booths in Nea Kavala camp, near the city of Kilkis, northern Greece. Some 1000 refugees and migrants were transferred from the Greek island of Lesbos to the Nea Kavala camp under a decision taken by the Greek government at an emergency meeting on August 31. AFP
  • Hundreds of migrants arrive from the Greek island of Lesbos in the port of Thessaloniki. Another 700 migrants are due to be transferred later Monday, under a decision taken by the Greek government at an emergency meeting Saturday.The UN High Commissioner for Refugees said that the island of Lesbos was sheltering nearly 11,000 people at the end of August -- four times its capacity. In August alone, more than 3,000 people had arrived there, said the agency. AFP
    Hundreds of migrants arrive from the Greek island of Lesbos in the port of Thessaloniki. Another 700 migrants are due to be transferred later Monday, under a decision taken by the Greek government at an emergency meeting Saturday.The UN High Commissioner for Refugees said that the island of Lesbos was sheltering nearly 11,000 people at the end of August -- four times its capacity. In August alone, more than 3,000 people had arrived there, said the agency. AFP
  • Hundreds of migrants arrive from the Greek island of Lesbos in the port of Thessaloniki. Another 700 migrants are due to be transferred later Monday, under a decision taken by the Greek government at an emergency meeting Saturday.The UN High Commissioner for Refugees said that the island of Lesbos was sheltering nearly 11,000 people at the end of August -- four times its capacity. In August alone, more than 3,000 people had arrived there, said the agency. AFP
    Hundreds of migrants arrive from the Greek island of Lesbos in the port of Thessaloniki. Another 700 migrants are due to be transferred later Monday, under a decision taken by the Greek government at an emergency meeting Saturday.The UN High Commissioner for Refugees said that the island of Lesbos was sheltering nearly 11,000 people at the end of August -- four times its capacity. In August alone, more than 3,000 people had arrived there, said the agency. AFP
  • Children play after arriving at Nea Kavala refugee camp, near the city of Kilkis, northern Greece. Some 1000 refugees and migrants were transferred from the Greek island of Lesbos to the Nea Kavala camp under a decision taken by the Greek government at an emergency meeting on August 31. AFP
    Children play after arriving at Nea Kavala refugee camp, near the city of Kilkis, northern Greece. Some 1000 refugees and migrants were transferred from the Greek island of Lesbos to the Nea Kavala camp under a decision taken by the Greek government at an emergency meeting on August 31. AFP
  • A boy stands at Nea Kavala camp, near the city of Kilkis, northern Greece. Some 1000 refugees and migrants were transferred from the Greek island of Lesbos to the Nea Kavala camp under a decision taken by the Greek government at an emergency meeting on August 31. AFP
    A boy stands at Nea Kavala camp, near the city of Kilkis, northern Greece. Some 1000 refugees and migrants were transferred from the Greek island of Lesbos to the Nea Kavala camp under a decision taken by the Greek government at an emergency meeting on August 31. AFP
  • Migrants are seen at Nea Kavala camp, near the city of Kilkis, northern Greece. Some 1000 refugees and migrants were transferred from the Greek island of Lesbos to the Nea Kavala camp under a decision taken by the Greek government at an emergency meeting on August 31. AFP
    Migrants are seen at Nea Kavala camp, near the city of Kilkis, northern Greece. Some 1000 refugees and migrants were transferred from the Greek island of Lesbos to the Nea Kavala camp under a decision taken by the Greek government at an emergency meeting on August 31. AFP
  • A baby sleeps at a refugee camp in Nea Kavala, northern Greece. About 1,500 asylum-seekers transported from Greece's eastern Aegean island of Lesbos to the mainland. Around 1,000 of those transferred and housed in Nea Kavala, where they will be staying in tents until the end of the month, after which they will be transferred to a new camp under construction. AP
    A baby sleeps at a refugee camp in Nea Kavala, northern Greece. About 1,500 asylum-seekers transported from Greece's eastern Aegean island of Lesbos to the mainland. Around 1,000 of those transferred and housed in Nea Kavala, where they will be staying in tents until the end of the month, after which they will be transferred to a new camp under construction. AP
  • A migrant arrives at a refugee camp in Nea Kavala, northern Greece. About 1,500 asylum-seekers transported from Greece's eastern Aegean island of Lesbos to the mainland. Around 1,000 of those transferred and housed in Nea Kavala, where they will be staying in tents until the end of the month, after which they will be transferred to a new camp under construction. AP
    A migrant arrives at a refugee camp in Nea Kavala, northern Greece. About 1,500 asylum-seekers transported from Greece's eastern Aegean island of Lesbos to the mainland. Around 1,000 of those transferred and housed in Nea Kavala, where they will be staying in tents until the end of the month, after which they will be transferred to a new camp under construction. AP
  • Children sleep inside a tent at a refugee camp in Nea Kavala, northern Greece. About 1,500 asylum-seekers transported from Greece's eastern Aegean island of Lesbos to the mainland. Around 1,000 of those transferred and housed in Nea Kavala, where they will be staying in tents until the end of the month, after which they will be transferred to a new camp under construction. AP
    Children sleep inside a tent at a refugee camp in Nea Kavala, northern Greece. About 1,500 asylum-seekers transported from Greece's eastern Aegean island of Lesbos to the mainland. Around 1,000 of those transferred and housed in Nea Kavala, where they will be staying in tents until the end of the month, after which they will be transferred to a new camp under construction. AP

Mr Várhelyi said the biggest obstacle was the economic challenge resulting from the coronavirus pandemic.

“Unless we help to bring a more diverse, a more modern economy to this region, we will continue to see major social and economic difficulties,” he told a press conference.

“Therefore, it’s a common interest to invest directly into the economy and create growth and jobs directly in the region."

He also highlighted security challenges and the rise in terrorism and human trafficking in the past 10 years.

The EU, in partnership with countries, was determined to step up efforts to stop migrant smuggling networks and to strengthen asylum governance.

In its proposals, the bloc said that its Mediterranean neighbours were some of the main hotspots of climate change, while also being home to major potential sources of solar and wind energy.

“Increasing climate change adaptation capacities and disaster risk reduction is a priority in the region,” it said.

Company Profile

Company name: NutriCal

Started: 2019

Founder: Soniya Ashar

Based: Dubai

Industry: Food Technology

Initial investment: Self-funded undisclosed amount

Future plan: Looking to raise fresh capital and expand in Saudi Arabia

Total Clients: Over 50

COMPANY%20PROFILE%20
%3Cp%3EName%3A%20DarDoc%3Cbr%3EBased%3A%20Abu%20Dhabi%3Cbr%3EFounders%3A%20Samer%20Masri%2C%20Keswin%20Suresh%3Cbr%3ESector%3A%20HealthTech%3Cbr%3ETotal%20funding%3A%20%24800%2C000%3Cbr%3EInvestors%3A%20Flat6Labs%2C%20angel%20investors%20%2B%20Incubated%20by%20Hub71%2C%20Abu%20Dhabi's%20Department%20of%20Health%3Cbr%3ENumber%20of%20employees%3A%2010%3C%2Fp%3E%0A
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EQureos%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EUAE%0D%3Cbr%3E%3Cstrong%3ELaunch%20year%3A%20%3C%2Fstrong%3E2021%0D%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%20%3C%2Fstrong%3E33%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3ESoftware%20and%20technology%0D%3Cbr%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3E%243%20million%0D%3Cbr%3E%3C%2Fp%3E%0A
Libya's Gold

UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves. 

The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.

Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.

A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.

5 of the most-popular Airbnb locations in Dubai

Bobby Grudziecki, chief operating officer of Frank Porter, identifies the five most popular areas in Dubai for those looking to make the most out of their properties and the rates owners can secure:

• Dubai Marina

The Marina and Jumeirah Beach Residence are popular locations, says Mr Grudziecki, due to their closeness to the beach, restaurants and hotels.

Frank Porter’s average Airbnb rent:
One bedroom: Dh482 to Dh739 
Two bedroom: Dh627 to Dh960 
Three bedroom: Dh721 to Dh1,104

• Downtown

Within walking distance of the Dubai Mall, Burj Khalifa and the famous fountains, this location combines business and leisure.  “Sure it’s for tourists,” says Mr Grudziecki. “Though Downtown [still caters to business people] because it’s close to Dubai International Financial Centre."

Frank Porter’s average Airbnb rent:
One bedroom: Dh497 to Dh772
Two bedroom: Dh646 to Dh1,003
Three bedroom: Dh743 to Dh1,154

• City Walk

The rising star of the Dubai property market, this area is lined with pristine sidewalks, boutiques and cafes and close to the new entertainment venue Coca Cola Arena.  “Downtown and Marina are pretty much the same prices,” Mr Grudziecki says, “but City Walk is higher.”

Frank Porter’s average Airbnb rent:
One bedroom: Dh524 to Dh809 
Two bedroom: Dh682 to Dh1,052 
Three bedroom: Dh784 to Dh1,210 

• Jumeirah Lake Towers

Dubai Marina’s little brother JLT resides on the other side of Sheikh Zayed road but is still close enough to beachside outlets and attractions. The big selling point for Airbnb renters, however, is that “it’s cheaper than Dubai Marina”, Mr Grudziecki says.

Frank Porter’s average Airbnb rent:
One bedroom: Dh422 to Dh629 
Two bedroom: Dh549 to Dh818 
Three bedroom: Dh631 to Dh941

• Palm Jumeirah

Palm Jumeirah's proximity to luxury resorts is attractive, especially for big families, says Mr Grudziecki, as Airbnb renters can secure competitive rates on one of the world’s most famous tourist destinations.

Frank Porter’s average Airbnb rent:
One bedroom: Dh503 to Dh770 
Two bedroom: Dh654 to Dh1,002 
Three bedroom: Dh752 to Dh1,152 

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

Stamp%20duty%20timeline
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COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
French business

France has organised a delegation of leading businesses to travel to Syria. The group was led by French shipping giant CMA CGM, which struck a 30-year contract in May with the Syrian government to develop and run Latakia port. Also present were water and waste management company Suez, defence multinational Thales, and Ellipse Group, which is currently looking into rehabilitating Syrian hospitals.

Cricket World Cup League 2 Fixtures

Saturday March 5, UAE v Oman, ICC Academy (all matches start at 9.30am)

Sunday March 6, Oman v Namibia, ICC Academy

Tuesday March 8, UAE v Namibia, ICC Academy

Wednesday March 9, UAE v Oman, ICC Academy

Friday March 11, Oman v Namibia, Sharjah Cricket Stadium

Saturday March 12, UAE v Namibia, Sharjah Cricket Stadium

UAE squad

Ahmed Raza (captain), Chirag Suri, Muhammad Waseem, CP Rizwan, Vriitya Aravind, Asif Khan, Basil Hameed, Rohan Mustafa, Kashif Daud, Zahoor Khan, Junaid Siddique, Karthik Meiyappan, Akif Raja, Rahul Bhatia

Guide to intelligent investing
Investing success often hinges on discipline and perspective. As markets fluctuate, remember these guiding principles:
  • Stay invested: Time in the market, not timing the market, is critical to long-term gains.
  • Rational thinking: Breathe and avoid emotional decision-making; let logic and planning guide your actions.
  • Strategic patience: Understand why you’re investing and allow time for your strategies to unfold.
 
 
THE BIO

Occupation: Specialised chief medical laboratory technologist

Age: 78

Favourite destination: Always Al Ain “Dar Al Zain”

Hobbies: his work  - “ the thing which I am most passionate for and which occupied all my time in the morning and evening from 1963 to 2019”

Other hobbies: football

Favorite football club: Al Ain Sports Club

 

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5