Palestinians take part in a protest near the border between the Gaza Strip and Egypt, against the construction of an underground barrier.
Palestinians take part in a protest near the border between the Gaza Strip and Egypt, against the construction of an underground barrier.

'Egyptian policy leads to the brothers becoming the enemy'



CAIRO // One year after Israel's offensive in Gaza, the Egyptian government is still defending its policies surrounding the devastating three-week campaign as it pushes ahead with the construction of a steel wall between itself and its impoverished neighbour. The anniversary led to a deluge of attacks from opponents and activists against Egypt's approach to the Palestinian people, the stalled peace process and in particular the Gaza Strip, with which it shares a border.

Cairo has failed to broker a permanent ceasefire between Israel and Hamas, which it had promised just after the war, and has been unable to secure the release of the Israeli soldier Gilad Shalit in exchange for Palestinian prisoners. Crucially, Egypt has failed to use its influence to bring about a reconciliation between Fatah, which heads the Palestinian Authority, and Hamas. Mufid Shehab, the minister of state for legal and parliamentary affairs, said on Sunday at a meeting of the Shura council, parliament's upper house, that the "Egyptian government will provide all facts to stop the flood of accusations against Egypt that is trying to take away from Egypt limitless support of the Palestinian people".

His comments came as activists prepared to commemorate the first anniversary of the attack on Gaza by holding protests and attempting to break the siege by crossing the border with Egypt with a convoy of aid. Ahmed Aboul Gheit, the foreign minister, said Egypt has told the Viva Palestina Aid Convoy, which took off from England, that Egypt wants it to enter from el-Arish not Sinai adding that anyone who "wants to come to Egypt has to enter from the gate that Egypt decides", he said in comments carried by Egypt's official news agency Mena on Saturday.

He added that the Rafah border crossing will be open only between January 3 and 6. "The Egyptian state and people paid a very high price and paid with their blood for more than 50 years in support of the Palestinians. No one should compare himself with what Egypt did and is still doing for the Palestinians." The hardline approach to the convoy comes amid increasing domestic condemnation of Egypt's approach to the Palestinians.

"The Egyptian government started the year with a siege of the Gaza Strip, starving its inhabitants and is ending it with building a sham steel wall to reinforce the siege even more," said Fahmy Howeidi, a prominent Islamic intellectual and columnist. He was talking at a conference last week to honour Gamal abdel Salam and Abdel Moneim Aboul Fotouh, from the Arab Doctors Union, who were released last month after spending months in prison for their aid activities in Gaza.

Dr Abdel Salam, 52, the head of the Egyptian Doctors' Syndicate Relief Committee, which organised a number of convoys to the Gaza strip, spent most of this year in prison before his release on November 13. Salama Ahmed Salama, the editor of the independent Egyptian daily newspaper Al Shorouk, added to the criticism. "There is a defect in the Egyptian policy which lead to the brothers becoming the enemy and treating our enemy as brothers should be treated," he wrote.

"This sudden coup [shift] in the [Egyptian] goals and policies and in enmities and alliances are surprising and incomprehensible." Egypt's decision to build a steel wall along its border with the Hamas-run Gaza Strip has become a focus for opponents of the regime and its approach to Gaza. "The Egyptian people reject this wall, and the government attempts to ban Gaza Freedom March, and oppose the regime's policies because they are in the interest of the Zionists, our real enemies, and increasing the suffering of our Palestinian brothers," said Mohammed Morsi, a leader with the Muslim Brotherhood, Egypt's oldest and strongest opposition group.

But in an interview on Saturday, with Egyptian state TV, Mr Aboul Gheit said: "Egypt is not going to halt building the wall with Gaza because Egypt is not ready to cease protecting its people." nmagd@thenational.ae

ICC Awards for 2021

MEN

Cricketer of the Year – Shaheen Afridi (Pakistan)

T20 Cricketer of the Year – Mohammad Rizwan (Pakistan)

ODI Cricketer of the Year – Babar Azam (Pakistan)

Test Cricketer of the Year – Joe Root (England)

WOMEN

Cricketer of the Year – Smriti Mandhana (India)

ODI Cricketer of the Year – Lizelle Lee (South Africa)

T20 Cricketer of the Year – Tammy Beaumont (England)

The specs

AT4 Ultimate, as tested

Engine: 6.2-litre V8

Power: 420hp

Torque: 623Nm

Transmission: 10-speed automatic

Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)

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
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UFC Fight Night 2

1am – Early prelims

2am – Prelims

4am-7am – Main card

7:30am-9am – press cons

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The specs

Engine: 3-litre twin-turbo V6

Power: 400hp

Torque: 475Nm

Transmission: 9-speed automatic

Price: From Dh215,900

On sale: Now

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Emergency

Director: Kangana Ranaut

Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry 

Rating: 2/5

Match info

Athletic Bilbao 0

Real Madrid 1 (Ramos 73' pen)

Game Of Thrones Season Seven: A Bluffers Guide

Want to sound on message about the biggest show on television without actually watching it? Best not to get locked into the labyrinthine tales of revenge and royalty: as Isaac Hempstead Wright put it, all you really need to know from now on is that there’s going to be a huge fight between humans and the armies of undead White Walkers.

The season ended with a dragon captured by the Night King blowing apart the huge wall of ice that separates the human world from its less appealing counterpart. Not that some of the humans in Westeros have been particularly appealing, either.

Anyway, the White Walkers are now free to cause any kind of havoc they wish, and as Liam Cunningham told us: “Westeros may be zombie land after the Night King has finished.” If the various human factions don’t put aside their differences in season 8, we could be looking at The Walking Dead: The Medieval Years

 

Game Changer

Director: Shankar 

Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram

Rating: 2/5

UAE and Russia in numbers

UAE-Russia ties stretch back 48 years

Trade between the UAE and Russia reached Dh12.5 bn in 2018

More than 3,000 Russian companies are registered in the UAE

Around 40,000 Russians live in the UAE

The number of Russian tourists travelling to the UAE will increase to 12 percent to reach 1.6 million in 2023

In-demand jobs and monthly salaries
  • Technology expert in robotics and automation: Dh20,000 to Dh40,000 
  • Energy engineer: Dh25,000 to Dh30,000 
  • Production engineer: Dh30,000 to Dh40,000 
  • Data-driven supply chain management professional: Dh30,000 to Dh50,000 
  • HR leader: Dh40,000 to Dh60,000 
  • Engineering leader: Dh30,000 to Dh55,000 
  • Project manager: Dh55,000 to Dh65,000 
  • Senior reservoir engineer: Dh40,000 to Dh55,000 
  • Senior drilling engineer: Dh38,000 to Dh46,000 
  • Senior process engineer: Dh28,000 to Dh38,000 
  • Senior maintenance engineer: Dh22,000 to Dh34,000 
  • Field engineer: Dh6,500 to Dh7,500
  • Field supervisor: Dh9,000 to Dh12,000
  • Field operator: Dh5,000 to Dh7,000
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
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
The specs

Engine: 1.5-litre, 4-cylinder turbo

Transmission: CVT

Power: 170bhp

Torque: 220Nm

Price: Dh98,900

Four reasons global stock markets are falling right now

There are many factors worrying investors right now and triggering a rush out of stock markets. Here are four of the biggest:

1. Rising US interest rates

The US Federal Reserve has increased interest rates three times this year in a bid to prevent its buoyant economy from overheating. They now stand at between 2 and 2.25 per cent and markets are pencilling in three more rises next year.

Kim Catechis, manager of the Legg Mason Martin Currie Global Emerging Markets Fund, says US inflation is rising and the Fed will continue to raise rates in 2019. “With inflationary pressures growing, an increasing number of corporates are guiding profitability expectations downwards for 2018 and 2019, citing the negative impact of rising costs.”

At the same time as rates are rising, central bankers in the US and Europe have been ending quantitative easing, bringing the era of cheap money to an end.

2. Stronger dollar

High US rates have driven up the value of the dollar and bond yields, and this is putting pressure on emerging market countries that took advantage of low interest rates to run up trillions in dollar-denominated debt. They have also suffered capital outflows as international investors have switched to the US, driving markets lower. Omar Negyal, portfolio manager of the JP Morgan Global Emerging Markets Income Trust, says this looks like a buying opportunity. “Despite short-term volatility we remain positive about long-term prospects and profitability for emerging markets.” 

3. Global trade war

Ritu Vohora, investment director at fund manager M&G, says markets fear that US President Donald Trump’s spat with China will escalate into a full-blown global trade war, with both sides suffering. “The US economy is robust enough to absorb higher input costs now, but this may not be the case as tariffs escalate. However, with a host of factors hitting investor sentiment, this is becoming a stock picker’s market.”

4. Eurozone uncertainty

Europe faces two challenges right now in the shape of Brexit and the new populist government in eurozone member Italy.

Chris Beauchamp, chief market analyst at IG, which has offices in Dubai, says the stand-off between between Rome and Brussels threatens to become much more serious. "As with Brexit, neither side appears willing to step back from the edge, threatening more trouble down the line.”

The European economy may also be slowing, Mr Beauchamp warns. “A four-year low in eurozone manufacturing confidence highlights the fact that producers see a bumpy road ahead, with US-EU trade talks remaining a major question-mark for exporters.”