The last speech of the Hamas political leader, Khaled Meshaal, carried a significantly more flexible tone regarding the inter-Palestinian dialogue with Fatah, which justifies new, if tentative, hope for the success of the sixth round of talks currently held in Cairo, wrote Hani al Masri in the Palestinian daily Al Ayyam.
This dialogue, which can otherwise be criticised for excluding other parties and independent national personalities of high calibre, has adamantly focused on the formation of a new "committee of factions" that would simply worsen and give a legitimate framework to internal divisions, the columnist said.
"The factions' committee is not at all a necessary evil, rather a danger that can be shunned."
True, the differences that led to the failure of a national reconciliation government point to serious structural rifts between the major factions, but these rifts remain bridgeable. There is always a possibility to form a government premised on the intersection of national, Arab and international legitimacy, committed to international law and UN resolutions, and willing to abide by agreements signed with Israel, despite the latter's elusiveness.
Pitched as an alternative to a national government, "the factions' committee actually annihilates all hopes for unity and impedes presidential and parliamentary elections".
"The recent statements by the US Vice President Joe Biden on Iran bear severe implications, and signal a probable change in the US policy on Iran's nuclear programme, especially that he gave Israel the green light to do whatever it deems fit to counter Iran's threats," thus opened the leader of the Emirati daily Al Khaleej.
That the US will not stand in the way of Israel if the latter is ever to take muscular action against Iran means one of two things: either the Obama administration has withdrawn its "stretched hand policy", coming closer to Tehran and start a new phase of dialogue; or, Washington is capitalising on the recent riots protesting the re-election of Mahmoud Ahmadinejad to weaken Tehran's position prior to US-Iran talks.
"Whatever the case, Biden's words call to mind the rhetoric maintained by the neo-conservatives and correspond to their principle of generalising war and chaos and cashing in on the internal affairs of states to stoke ethnic and sectarian divides, with the ultimate aim to expand Israel's regional influence."
All US moves will have to be watched carefully in the near future, as the numerous fronts Washington has to contend with - Afghanistan, Iraq, Pakistan - render its foreign agenda rather fickle.
When the economy was thriving in Kuwait, in the recent past, significant numbers of Kuwaiti workers were hired in the private sector, particularly in finance, investment and banking, but now there is growing concern about the waves of nationals who, due to the global downturn, have been laid off from the private sector and are now looking for a niche in the public sphere, wrote Shamlan Youssef al Issi in the Kuwaiti daily Al Watan.
Reinserting dismissed nationals in government positions or granting them a temporary compensation will not solve the issue, it will only exacerbate it and push the country into some odd form of socialist regime.
To be effective and long lasting, the solution must seek to strengthen the very structures of the private sector to allow it to accommodate massive national labour and, in turn, profit from local expertise.
"It is of critical importance to match the quality and product of schools and training institutions with the needs of the job market," al Issi wrote.
It is also imperative that the government launch fresh campaigns enticing foreign companies to re-invest in the country by ensuring financial backing and room for free experimentation.
Considering the challenges of the next phase, Kuwait can no longer be allowed to keep relying on oil, al Issi wrote.
Emirati diplomatic efforts have come to fruition as the country won the bid to house the coveted International Renewable Energy Agency (Irena) in Abu Dhabi, thus inaugurating a new era for the Arab presence in international relations, but the news was strangely understated in the Arab media, commented Khalid bin Qaqah in the Iraqi daily Azzaman.
In the 1960s, the major concern for Arab diplomacy was to regain self-confidence after the defeat against Israel. Then the 1978 Camp David Accords between Israel and Egypt came to undermine Arab unity. And now, here is a colossal achievement by an Arab state, but it goes almost unnoticed on Arab television, without the least justification.
What the Arab media have failed to underline is that the Irena feat reveals a number of important facts, the writer said. "UAE diplomacy is ushering the Third World into a new phase on a number of levels: restructured relations with the West, a modified public image, involvement in global culture and providing prospects for development."
The UAE's strong relations with various nations around the world have definitively altered the general perception that developing countries have only secondary roles to play in such vital matters as alternative and renewable energies.
* Digest compiled by Achraf A El Bahi
aelBahi@thenational.ae
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.
RACE CARD
6.30pm: Baniyas Group 2 (PA) Dh 97,500 (Dirt) 1,400m.
7.05pm Maiden (TB) Dh 82,500 (D) 1,200m
7.40pm Maiden (TB) Dh 82,500 (D) 1,400m
8.15pm Handicap (TB) Dh 82,500 (D) 1,400m
8.50pm Rated Conditions (TB) Dh 120,000 (D) 1,600m
9.25pm Handicap (TB) Dh 95,000 (D) 1,200m
10pm Handicap (TB) Dh 85,000 (D) 2,000m
MATCH INFO
Manchester United 2
(Martial 30', McTominay 90 6')
Manchester City 0
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
More from Neighbourhood Watch:
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Getting there
The flights
Flydubai operates up to seven flights a week to Helsinki. Return fares to Helsinki from Dubai start from Dh1,545 in Economy and Dh7,560 in Business Class.
The stay
Golden Crown Igloos in Levi offer stays from Dh1,215 per person per night for a superior igloo; www.leviniglut.net
Panorama Hotel in Levi is conveniently located at the top of Levi fell, a short walk from the gondola. Stays start from Dh292 per night based on two people sharing; www. golevi.fi/en/accommodation/hotel-levi-panorama
Arctic Treehouse Hotel in Rovaniemi offers stays from Dh1,379 per night based on two people sharing; www.arctictreehousehotel.com
COMPANY%20PROFILE
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What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
Anxiety and work stress major factors
Anxiety, work stress and social isolation are all factors in the recogised rise in mental health problems.
A study UAE Ministry of Health researchers published in the summer also cited struggles with weight and illnesses as major contributors.
Its authors analysed a dozen separate UAE studies between 2007 and 2017. Prevalence was often higher in university students, women and in people on low incomes.
One showed 28 per cent of female students at a Dubai university reported symptoms linked to depression. Another in Al Ain found 22.2 per cent of students had depressive symptoms - five times the global average.
It said the country has made strides to address mental health problems but said: “Our review highlights the overall prevalence of depressive symptoms and depression, which may long have been overlooked."
Prof Samir Al Adawi, of the department of behavioural medicine at Sultan Qaboos University in Oman, who was not involved in the study but is a recognised expert in the Gulf, said how mental health is discussed varies significantly between cultures and nationalities.
“The problem we have in the Gulf is the cross-cultural differences and how people articulate emotional distress," said Prof Al Adawi.
“Someone will say that I have physical complaints rather than emotional complaints. This is the major problem with any discussion around depression."
Daniel Bardsley
2025 Fifa Club World Cup groups
Group A: Palmeiras, Porto, Al Ahly, Inter Miami.
Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.
Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.
Group D: Flamengo, ES Tunis, Chelsea, Leon.
Group E: River Plate, Urawa, Monterrey, Inter Milan.
Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.
Group G: Manchester City, Wydad, Al Ain, Juventus.
Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.
TRAP
Starring: Josh Hartnett, Saleka Shyamalan, Ariel Donaghue
Director: M Night Shyamalan
Rating: 3/5
MATCH INFO
Rugby World Cup (all times UAE)
Third-place play-off: New Zealand v Wales, Friday, 1pm
Final: England v South Africa, Saturday, 1pm
RESULTS
Bantamweight:
Zia Mashwani (PAK) bt Chris Corton (PHI)
Super lightweight:
Flavio Serafin (BRA) bt Mohammad Al Khatib (JOR)
Super lightweight:
Dwight Brooks (USA) bt Alex Nacfur (BRA)
Bantamweight:
Tariq Ismail (CAN) bt Jalal Al Daaja (JOR)
Featherweight:
Abdullatip Magomedov (RUS) bt Sulaiman Al Modhyan (KUW)
Middleweight:
Mohammad Fakhreddine (LEB) bt Christofer Silva (BRA)
Middleweight:
Rustam Chsiev (RUS) bt Tarek Suleiman (SYR)
Welterweight:
Khamzat Chimaev (SWE) bt Mzwandile Hlongwa (RSA)
Lightweight:
Alex Martinez (CAN) bt Anas Siraj Mounir (MAR)
Welterweight:
Jarrah Al Selawi (JOR) bt Abdoul Abdouraguimov (FRA)
Points Classification after Stage 1
1. Geraint Thomas (Britain / Team Sky) 20
2. Stefan Kueng (Switzerland / BMC Racing) 17
3. Vasil Kiryienka (Belarus / Team Sky) 15
4. Tony Martin (Germany / Katusha) 13
5. Matteo Trentin (Italy / Quick-Step) 11
6. Chris Froome (Britain / Team Sky) 10
7. Jos van Emden (Netherlands / LottoNL) 9
8. Michal Kwiatkowski (Poland / Team Sky) 8
9. Marcel Kittel (Germany / Quick-Step) 7
10. Edvald Boasson Hagen (Norway / Dimension Data) 6
HIJRA
Starring: Lamar Faden, Khairiah Nathmy, Nawaf Al-Dhufairy
Director: Shahad Ameen
Rating: 3/5
Company profile
Name: Tharb
Started: December 2016
Founder: Eisa Alsubousi
Based: Abu Dhabi
Sector: Luxury leather goods
Initial investment: Dh150,000 from personal savings
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.”
Name: Brendalle Belaza
From: Crossing Rubber, Philippines
Arrived in the UAE: 2007
Favourite place in Abu Dhabi: NYUAD campus
Favourite photography style: Street photography
Favourite book: Harry Potter