The British government's ambition to expand its post-Brexit free trade portfolio is now crystal clear. The UK would, Queen Elizabeth's speech on Tuesday made clear, rapidly "deepen trade ties" with the Gulf and much of the globe.
The explicit mention of the Middle East and other regions plays into the government plans to make Britain a free-trading power ready to strike deals across the globe.
This is not driven only by aspirations of Global Britain but by the necessity to find markets for goods to replace the EU as the major trading partner that accounted for 43 per cent of UK exports.
Under Britain’s burgeoning mercantile approach, it has already signed 67 trade deals and launched negotiations for many others, including in the Gulf.
The prospects of a deal are high, with Downing Street briefing journalists that it would “foster thriving relationships in the Middle East” based on trade, green innovation, science and trade.
The government said “Global Britain is a fierce champion of free and fair trade” that would “forge closer links with fast-growing and like-minded nations”.
Global trade is another necessity – Britain needs the money. The government's major departure from traditional Conservative orthodoxy is underlined by its borrowing and spending on a scale not seen since the Second World War. This was driven by the pandemic but at some point Britain will need to recoup the £300 billion ($424.74bn) it borrowed to get through the past year.
Now freed from EU regulations and imbued with growing confidence, Prime Minister Boris Johnson aims to move fast in striking agreements that are mutually beneficial for Britain and its new trading partners.
Free trade agreements, it is hoped, will account for 80 per cent of total UK commerce within three years.
Much of that commercial drive will come through the eight new freeports announced by the queen, designed to drive exports and create jobs. Goods arriving at the freeports, strategically placed around the country – and including an airport in the East Midlands – are not subject to tariffs. This works well for exports as taxes are only paid if the goods are moved within the UK, otherwise they are sent overseas untaxed.
This new-found nimbleness has been helped along by the successful vaccination programme, that not only instilled Britain with belief but perhaps demonstrated that the EU’s approach was too lumbering for the island nation.
The prospect of a trade deal with the UAE was looked on favourably by the Emirates' ambassador in London.
"Following the queen's speech, the UAE welcomes the UK's commitment to deepen trade ties with the Gulf region," His Excellency Mansoor Abulhoul said. "Our countries already have strong business connections, with the UAE continuing to be the UK's top Arab trading partner and more than 5,000 British businesses operating in the Emirates. We are proud that so many Britons already choose to export to the UAE and have a presence in the Emirates as a gateway to the wider Gulf region."
He said the countries already collaborated across several sectors from energy to financial services, highlighted by an £800 million investment from the UAE into UK life sciences. "We hope to build on this foundation to the benefit of both countries as we all look to deliver economic prosperity in the aftermath of the Covid-19 pandemic," the ambassador said.
Tuesday also proved that for the first time in 40 years the British Parliament could make legislation without looking over its shoulder at EU regulations. It is unclear whether this proves positive or negative, but the government is proposing a long list of legislation.
For the last decade, the Conservative-led government has pushed the green agenda with ambitious but achievable targets of reducing carbon emissions. With the arguments that this would be detrimental to growth proven wrong, Mr Johnson hopes to generate 250,000 jobs with his Ten Point Plan for a green industrial revolution.
Prioritising climate change is not only necessary, but also brings political benefits. Mr Johnson’s previously tepid relationship with US President Joe Biden is warming over climate change, with the American leader a major environmental enthusiast. The relationship will likely be further enhanced when Britain hosts the Cop26 climate summit in November.
As someone who came close to death during the pandemic, Mr Johnson knows better than most the importance of the National Health Service. He understands, too, that the NHS and its workforce are held dear by the British public. But the system is in need of reform and is inferior to major European nations in terms of capability and capacity.
In the immediate term, the government needs to address the significant backlog of cancer patients, perhaps as many as one million as reported by The National on Monday, that have built up during the Covid crisis.
“We must also account for the returning demand of those people who have not come forward for care during the pandemic,” Downing Street said as part of its NHS Catch-up and Recovery Plan.
Alongside trade, environment and health bills, the queen announced a raft of legislation from policing to immigration and electoral reform. With an 80-plus majority of MPs, much of the government agenda will sail through Parliament.
Newly confident from deal-making and having stolen a march on the coronavirus, it appears the country is potentially emerging from a half-decade of torpor into the “sunlit uplands” that many had only thought of as one of Mr Johnson's elegiac ramblings.
BeIN Sports currently has the rights to show
- Champions League
- English Premier League
- Spanish Primera Liga
- Italian, French and Scottish leagues
- Wimbledon and other tennis majors
- Formula One
- Rugby Union - Six Nations and European Cups
SPECS
Nissan 370z Nismo
Engine: 3.7-litre V6
Transmission: seven-speed automatic
Power: 363hp
Torque: 560Nm
Price: Dh184,500
Company%C2%A0profile
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Abu Dhabi Sustainability Week
RESULTS
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COMPANY%20PROFILE
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Types of bank fraud
1) Phishing
Fraudsters send an unsolicited email that appears to be from a financial institution or online retailer. The hoax email requests that you provide sensitive information, often by clicking on to a link leading to a fake website.
2) Smishing
The SMS equivalent of phishing. Fraudsters falsify the telephone number through “text spoofing,” so that it appears to be a genuine text from the bank.
3) Vishing
The telephone equivalent of phishing and smishing. Fraudsters may pose as bank staff, police or government officials. They may persuade the consumer to transfer money or divulge personal information.
4) SIM swap
Fraudsters duplicate the SIM of your mobile number without your knowledge or authorisation, allowing them to conduct financial transactions with your bank.
5) Identity theft
Someone illegally obtains your confidential information, through various ways, such as theft of your wallet, bank and utility bill statements, computer intrusion and social networks.
6) Prize scams
Fraudsters claiming to be authorised representatives from well-known organisations (such as Etisalat, du, Dubai Shopping Festival, Expo2020, Lulu Hypermarket etc) contact victims to tell them they have won a cash prize and request them to share confidential banking details to transfer the prize money.
If%20you%20go
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MATCH INFO
Crawley Town 3 (Tsaroulla 50', Nadesan 53', Tunnicliffe 70')
Leeds United 0
The specs
Engine: 2.0-litre 4-cyl
Power: 153hp at 6,000rpm
Torque: 200Nm at 4,000rpm
Transmission: 6-speed auto
Price: Dh99,000
On sale: now
Profile
Company: Justmop.com
Date started: December 2015
Founders: Kerem Kuyucu and Cagatay Ozcan
Sector: Technology and home services
Based: Jumeirah Lake Towers, Dubai
Size: 55 employees and 100,000 cleaning requests a month
Funding: The company’s investors include Collective Spark, Faith Capital Holding, Oak Capital, VentureFriends, and 500 Startups.
How Sputnik V works
Sole survivors
- Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
- George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
- Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
- Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
Generation Start-up: Awok company profile
Started: 2013
Founder: Ulugbek Yuldashev
Sector: e-commerce
Size: 600 plus
Stage: still in talks with VCs
Principal Investors: self-financed by founder
Mobile phone packages comparison
World Cup final
Who: France v Croatia
When: Sunday, July 15, 7pm (UAE)
TV: Game will be shown live on BeIN Sports for viewers in the Mena region
UAE currency: the story behind the money in your pockets
UAE%20SQUAD
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How the UAE gratuity payment is calculated now
Employees leaving an organisation are entitled to an end-of-service gratuity after completing at least one year of service.
The tenure is calculated on the number of days worked and does not include lengthy leave periods, such as a sabbatical. If you have worked for a company between one and five years, you are paid 21 days of pay based on your final basic salary. After five years, however, you are entitled to 30 days of pay. The total lump sum you receive is based on the duration of your employment.
1. For those who have worked between one and five years, on a basic salary of Dh10,000 (calculation based on 30 days):
a. Dh10,000 ÷ 30 = Dh333.33. Your daily wage is Dh333.33
b. Dh333.33 x 21 = Dh7,000. So 21 days salary equates to Dh7,000 in gratuity entitlement for each year of service. Multiply this figure for every year of service up to five years.
2. For those who have worked more than five years
c. 333.33 x 30 = Dh10,000. So 30 days’ salary is Dh10,000 in gratuity entitlement for each year of service.
Note: The maximum figure cannot exceed two years total salary figure.
World Test Championship table
1 India 71 per cent
2 New Zealand 70 per cent
3 Australia 69.2 per cent
4 England 64.1 per cent
5 Pakistan 43.3 per cent
6 West Indies 33.3 per cent
7 South Africa 30 per cent
8 Sri Lanka 16.7 per cent
9 Bangladesh 0
Without Remorse
Directed by: Stefano Sollima
Starring: Michael B Jordan
4/5
UAE currency: the story behind the money in your pockets
Countdown to Zero exhibition will show how disease can be beaten
Countdown to Zero: Defeating Disease, an international multimedia exhibition created by the American Museum of National History in collaboration with The Carter Center, will open in Abu Dhabi a month before Reaching the Last Mile.
Opening on October 15 and running until November 15, the free exhibition opens at The Galleria mall on Al Maryah Island, and has already been seen at the Jimmy Carter Presidential Library and Museum in Atlanta, the American Museum of Natural History in New York, and the London School of Hygiene and Tropical Medicine.
TOURNAMENT INFO
Women’s World Twenty20 Qualifier
Jul 3- 14, in the Netherlands
The top two teams will qualify to play at the World T20 in the West Indies in November
UAE squad
Humaira Tasneem (captain), Chamani Seneviratne, Subha Srinivasan, Neha Sharma, Kavisha Kumari, Judit Cleetus, Chaya Mughal, Roopa Nagraj, Heena Hotchandani, Namita D’Souza, Ishani Senevirathne, Esha Oza, Nisha Ali, Udeni Kuruppuarachchi
The%20specs
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The%20specs
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WITHIN%20SAND
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FIGHT CARD
Bantamweight Hamza Bougamza (MAR) v Jalal Al Daaja (JOR)
Catchweight 67kg Mohamed El Mesbahi (MAR) v Fouad Mesdari (ALG)
Lighweight Abdullah Mohammed Ali (UAE) v Abdelhak Amhidra (MAR)
Catchweight 73kg Mostafa Ibrahim Radi (PAL) v Yazid Chouchane (ALG)
Middleweight Yousri Belgaroui (TUN) v Badreddine Diani (MAR)
Catchweight 78kg Rashed Dawood (UAE) v Adnan Bushashy (ALG)
Middleweight Sallaheddine Dekhissi (MAR) v Abdel Emam (EGY)
Catchweight 65kg Rachid Hazoume (MAR) v Yanis Ghemmouri (ALG)
Lighweight Mohammed Yahya (UAE) v Azouz Anwar (EGY)
Catchweight 79kg Omar Hussein (PAL) v Souhil Tahiri (ALG)
Middleweight Tarek Suleiman (SYR) v Laid Zerhouni (ALG)
Results
1. Lewis Hamilton (Mercedes) 1hr 32mins 03.897sec
2. Max Verstappen (Red Bull-Honda) at 0.745s
3. Valtteri Bottas (Mercedes) 37.383s
4. Lando Norris (McLaren) 46.466s
5.Sergio Perez (Red Bull-Honda) 52.047s
6. Charles Leclerc (Ferrari) 59.090s
7. Daniel Ricciardo (McLaren) 1:06.004
8. Carlos Sainz Jr (Ferrari) 1:07.100
9. Yuki Tsunoda (AlphaTauri-Honda) 1:25.692
10. Lance Stroll (Aston Martin-Mercedes) 1:26.713,
Syria squad
Goalkeepers: Ibrahim Alma, Mahmoud Al Youssef, Ahmad Madania.
Defenders: Ahmad Al Salih, Moayad Ajan, Jehad Al Baour, Omar Midani, Amro Jenyat, Hussein Jwayed, Nadim Sabagh, Abdul Malek Anezan.
Midfielders: Mahmoud Al Mawas, Mohammed Osman, Osama Omari, Tamer Haj Mohamad, Ahmad Ashkar, Youssef Kalfa, Zaher Midani, Khaled Al Mobayed, Fahd Youssef.
Forwards: Omar Khribin, Omar Al Somah, Mardik Mardikian.
ENGLAND SQUAD
Joe Root (captain), Dom Sibley, Rory Burns, Dan Lawrence, Ben Stokes, Ollie Pope, Ben Foakes (wicketkeeper), Moeen Ali, Olly Stone, Chris Woakes, Jack Leach, Stuart Broad
UAE currency: the story behind the money in your pockets
Indoor Cricket World Cup
Venue Insportz, Dubai, September 16-23
UAE squad Saqib Nazir (captain), Aaqib Malik, Fahad Al Hashmi, Isuru Umesh, Nadir Hussain, Sachin Talwar, Nashwan Nasir, Prashath Kumara, Ramveer Rai, Sameer Nayyak, Umar Shah, Vikrant Shetty
COMPANY%20PROFILE
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Guardians%20of%20the%20Galaxy%20Vol%203
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WandaVision
Starring: Elizabeth Olsen, Paul Bettany
Directed by: Matt Shakman
Rating: Four stars
Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
Five famous companies founded by teens
There are numerous success stories of teen businesses that were created in college dorm rooms and other modest circumstances. Below are some of the most recognisable names in the industry:
- Facebook: Mark Zuckerberg and his friends started Facebook when he was a 19-year-old Harvard undergraduate.
- Dell: When Michael Dell was an undergraduate student at Texas University in 1984, he started upgrading computers for profit. He starting working full-time on his business when he was 19. Eventually, his company became the Dell Computer Corporation and then Dell Inc.
- Subway: Fred DeLuca opened the first Subway restaurant when he was 17. In 1965, Mr DeLuca needed extra money for college, so he decided to open his own business. Peter Buck, a family friend, lent him $1,000 and together, they opened Pete’s Super Submarines. A few years later, the company was rebranded and called Subway.
- Mashable: In 2005, Pete Cashmore created Mashable in Scotland when he was a teenager. The site was then a technology blog. Over the next few decades, Mr Cashmore has turned Mashable into a global media company.
- Oculus VR: Palmer Luckey founded Oculus VR in June 2012, when he was 19. In August that year, Oculus launched its Kickstarter campaign and raised more than $1 million in three days. Facebook bought Oculus for $2 billion two years later.
MATCH INFO
New Zealand 176-8 (20 ovs)
England 155 (19.5 ovs)
New Zealand win by 21 runs
Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
THE SPECS
Engine: 4.4-litre V8
Transmission: eight-speed automatic
Power: 523hp
Torque: 750Nm
Price: Dh469,000