Confidence building with new dialogue



Syria's government-controlled Al Thawrah newspaper carried an editorial by As'ad Aboud saying one of the main reasons for the tension between Syria and the Bush administration was the US occupation of Iraq. "We do not know how far American intentions with regard to Syria went during that stage of tension. But we know that Syria continued to show good intentions about establishing good relations with the superpower, the United States," he wrote.

"Syria rejected the occupation of Iraq, and it still believes that the occupation was a catastrophe. The United States has recently acknowledged that what happened was serious and that it led to a big tragedy." Washington's new desire to end the occupation has brought it closer to Syria. Ambassador Jeffrey Feltman described his meetings in Damascus this weekend as a "thorough and very constructive dialogue". "We are watching with optimism the developments of the dialogue, and we will create all the opportunities so that the dialogue will not be an objective in and of itself," Aboud wrote.

The crisis between Morocco and Iran is not new," wrote Khairallah Khairallah, a regular columnist for Kuwait's independent newspaper Al Rai al Aam. "It is a crisis between a country that is open to the world and calls for modernity and believes in the culture of life, ie Morocco, and an Iranian regime that believes in expansion, domination, and exporting the culture of death."

But what pushed the Morocco to sever diplomatic relations with Iran at this juncture? he asked. The two factors seem to be the Iranian attitude towards the Kingdom of Bahrain, and Iranian political and security activities, under a sectarian cover, in Morocco. "What Morocco did is something that many other countries do not dare to do. What is important now is that the Moroccan step must not remain an orphan," Khairallah wrote.

"What is needed now is a united Arab stance to tell the Iranians that their ploys are not deceiving anyone and that the Iranian projects, especially in inciting sectarian strife, only serve, in the end, a state called Israel."

Jordan's independent newspaper Al Arab al Yawm ran an opinion article by Fahed al Khitan saying the ongoing Palestinian divisions render the task of training the Palestinian President Mahmoud Abbas' police a Jordanian service to one faction against the other. "The role of the Palestinian police has been associated lately with curbing the Hamas Movement and weakening its capability in the West Bank cities, according to an agenda in which the Israeli interests converge with the interests of Abbas' authority," he wrote. "It is not in Jordan's interest to continue training the Palestinian police whose name is linked to Jordan among the inhabitants of the West Bank, especially since the job of these forces has changed and become at the service of Israel's security."

Israel is employing the force as a cover-up to implement its settlement-building project. "We have to pause a little bit and reassess the case in what serves our interests. The task did not fulfil its purposes and the presence of qualified Palestinian forces did not eliminate the threats posed to Jordan," al Khitan wrote.

Through the developments in the Syrian capital Damascus, one could conclude that Obama's "change" slogans are being translated at the level of American-Syrian relations," the Chief Editor Taher al Adwan wrote in Jordan's independent Al Arab al Yawm daily newspaper. While assistant secretary of state Jeffrey Feltman was holding talks with Walid al Muallem in Damascus, Hillary Clinton was in Ankara praising Turkey's role in the Syrian-Israeli negotiations. "Dialogue has thus replaced confrontation and diplomacy has replaced coldness between Washington and Damascus," he wrote. However, all these positive developments might face a major setback if Israel's hawkish Benjamin Netanyahu were to form an extremist government.

"There is a great chance of seeing the moderate and rejectionist Arab countries coming together during the upcoming Arab summit and rallying around a unified and efficient strategy to blockade Netanyahu's government." * Digest compiled by www.mideastwire.com

Disturbing%20facts%20and%20figures
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COMPANY%20PROFILE
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Points classification after Stage 4

1. Arnaud Demare (France / FDJ) 124

2. Marcel Kittel (Germany / Quick-Step) 81

3. Michael Matthews (Australia / Sunweb) 66

4. Andre Greipel (Germany / Lotto) 63

5. Alexander Kristoff (Norway / Katusha) 43

Company%20Profile
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Company%20Profile
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The specs: 2019 Haval H6

Price, base: Dh69,900

Engine: 2.0-litre turbocharged four-cylinder

Transmission: Seven-speed automatic

Power: 197hp @ 5,500rpm

Torque: 315Nm @ 2,000rpm

Fuel economy, combined: 7.0L / 100km

How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

Mobile phone packages comparison
The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
Monster

Directed by: Anthony Mandler

Starring: Kelvin Harrison Jr., John David Washington 

3/5

 

AGUERO'S PREMIER LEAGUE RECORD

Apps: 186
Goals: 127
Assists: 31
Wins: 117
Losses: 33

Company%20profile
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Third Test

Result: India won by 203 runs

Series: England lead five-match series 2-1

SPEC%20SHEET%3A%20APPLE%20IPAD%20PRO%20(12.9%22%2C%202022)
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COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Napoleon
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The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
Power: 268bhp / 536bhp
Torque: 343Nm / 686Nm
Transmission: Single-speed automatic
Max touring range: 620km / 590km
Price: From Dh250,000 (estimated)
On sale: Later this year
Ways to control drones

Countries have been coming up with ways to restrict and monitor the use of non-commercial drones to keep them from trespassing on controlled areas such as airports.

"Drones vary in size and some can be as big as a small city car - so imagine the impact of one hitting an airplane. It's a huge risk, especially when commercial airliners are not designed to make or take sudden evasive manoeuvres like drones can" says Saj Ahmed, chief analyst at London-based StrategicAero Research.

New measures have now been taken to monitor drone activity, Geo-fencing technology is one.

It's a method designed to prevent drones from drifting into banned areas. The technology uses GPS location signals to stop its machines flying close to airports and other restricted zones.

The European commission has recently announced a blueprint to make drone use in low-level airspace safe, secure and environmentally friendly. This process is called “U-Space” – it covers altitudes of up to 150 metres. It is also noteworthy that that UK Civil Aviation Authority recommends drones to be flown at no higher than 400ft. “U-Space” technology will be governed by a system similar to air traffic control management, which will be automated using tools like geo-fencing.

The UAE has drawn serious measures to ensure users register their devices under strict new laws. Authorities have urged that users must obtain approval in advance before flying the drones, non registered drone use in Dubai will result in a fine of up to twenty thousand dirhams under a new resolution approved by Sheikh Hamdan bin Mohammed, Crown Prince of Dubai.

Mr Ahmad suggest that "Hefty fines running into hundreds of thousands of dollars need to compensate for the cost of airport disruption and flight diversions to lengthy jail spells, confiscation of travel rights and use of drones for a lengthy period" must be enforced in order to reduce airport intrusion.

The past winners

2009 - Sebastian Vettel (Red Bull)

2010 - Sebastian Vettel (Red Bull)

2011 - Lewis Hamilton (McLaren)

2012 - Kimi Raikkonen (Lotus)

2013 - Sebastian Vettel (Red Bull)

2014 - Lewis Hamilton (Mercedes)

2015 - Nico Rosberg (Mercedes)

2016 - Lewis Hamilton (Mercedes)

2017 - Valtteri Bottas (Mercedes)

Mina Cup winners

Under 12 – Minerva Academy

Under 14 – Unam Pumas

Under 16 – Fursan Hispania

Under 18 – Madenat

TRAP

Starring: Josh Hartnett, Saleka Shyamalan, Ariel Donaghue

Director: M Night Shyamalan

Rating: 3/5

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.”

Joker: Folie a Deux

Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson

Director: Todd Phillips 

Rating: 2/5

Gully Boy

Director: Zoya Akhtar
Producer: Excel Entertainment & Tiger Baby
Cast: Ranveer Singh, Alia Bhatt, Kalki Koechlin, Siddhant Chaturvedi​​​​​​​
Rating: 4/5 stars

COMPANY%20PROFILE
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The%20Boy%20and%20the%20Heron
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Thank You for Banking with Us

Director: Laila Abbas

Starring: Yasmine Al Massri, Clara Khoury, Kamel El Basha, Ashraf Barhoum

Rating: 4/5

Kill%20Bill%20Volume%201
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COMPANY%20PROFILE
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The specs
Engine: 2.0-litre 4-cyl turbo

Power: 201hp at 5,200rpm

Torque: 320Nm at 1,750-4,000rpm

Transmission: 6-speed auto

Fuel consumption: 8.7L/100km

Price: Dh133,900

On sale: now 

COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4