NEW YORK // The fallout from Russia's United Nations Security Council veto on Syria last week has accentuated a long-running dispute between Moscow and Doha over Qatar's support for Islamist groups.
Worried about external influences on its domestic Islamists, Russia has accused Qatar of backing extremists in Chechnyna and Libya and now hints Doha is aiding what Moscow and Damascus brand as terrorists in Syria.
As Arab League president, Qatar has pushed the league's plan for Syrian President Bashar Al Assad to step aside, threatening Russia's most important ally in the Arab world.
Qatar's emir, Sheikh Hamad bin Khalifa Al Thani, suggested last month that Arab nations send peacekeeping troops to Syria, where the UN says more than 7,000 civilians and government troops have been killed in almost a year of increasingly brutal fighting.
Ali Al Ahmed, a scholar with the Institute for Gulf Affairs in Washington, said Qatar has co-opted Islamist groups in Syria to help bring down Mr Al Assad.
The ultimate aim, he said, is to weaken Iran's influence in the region by removing its long-time ally in Damascus.
And Qatar's strategy challenges Russia on two fronts: threatening its extensive interests in Syria - where it has critical access to a warm water port for its warships - as well as supporting Islamist groups at a time when Russia is dealing with its own extremists.
Russia is battling strong Islamist rebellions in areas such as Chechnya, Dagestan and Ingushetia, in the North Caucasus.
Moscow-Doha relations have been rocky since the 2004 assassination of the former Chechen president Zelimkhan Yandarbiyev in Doha, after Russia accused Doha of supporting terrorism in the breakaway republic.
Moscow was furious after Qatar's arrest and conviction of two Russian agents for the murder.
Relations improved with then-President Vladimir Putin's 2007 visit to Doha.
But last November, days after the Russian foreign minister, Sergei Lavrov, criticised Qatar's involvement in Libya, the Russian ambassador complained he was assaulted by Qatari customs agents at Doha airport trying to seize his diplomatic pouch.
Vitaly Churkin, Russia's UN ambassador, has said extremists in Syria have outside support. He has not named any countries, but analysts say he had Qatar in mind.
The Syrian government, for its part, has openly accused Qatar of arming extremists.
A Western diplomat in New York said yesterday that Russia was offered an amendment to the Security Council resolution on Syria that would have called on the opposition there to reject extremism.
But Moscow dismissed the offer and, along with China, vetoed the resolution, saying it could open the door to foreign military intervention.
That vote has now led to a call for a boycott of Russian and Chinese goods in Qatar. But Russia's exports to Qatar are tiny - barely US$25 million (Dh91.8m) in 2008, mainly items such as infrastructure for gas production, plastics, construction equipment and halal reindeer meat.
Sheikh Yusuf Al Qaradawi, a Qatari-based Muslim scholar, issued a fatwa on Monday calling for the boycott.
He branded Moscow and Beijing "enemies of the Arab people", according to Israel Radio, quoting Mr Al Qaradawi's remarks on his weekly Al Jazeera television show, which is seen by 80 million people.
"The [Qataris] are very angry at the veto," said Mr Al Ahmed. Mr Al Qaradawi, he said, "is the most famous religious leader" in the region and is a supporter of the Syrian opposition.
"The Chinese are content with market forces in the region but for the Russians it is strategic and political," said George Lopez, a professor at Notre Dame University in the United States.
The fallout from the veto has instead been mostly political.
A report circulated on the internet about a confrontation in New York last week between the Qatari prime minister, Sheikh Hamad bin Jassim bin Jabr Al Thani, and Mr Churkin.
The Algerian news agency ISP reported that Mr Al Thani told Mr Churkin before the Security Council vote: "I warn you against any veto on the crisis in Syria. Russia has to accept the UN decision, otherwise they will lose all the Arab countries."
Mr Churkin reportedly replied: "If you speak to me again that way, there will be no such thing as Qatar from today."
The Russian envoy hastily arranged a media conference at the UN last week to deny the "incredible" story.
"Someone is trying very hard to drive a wedge between Russia and the Arab world," he said.
If the Russians lose Syria, the situation could turn rapidly as Moscow may have to look elsewhere in the Arab world for an ally, says Mr Lopez.
He pointed out that if a bill in the US Congress to cut military aid to Egypt passes in retaliation for the recent arrests of 19 Americans in Cairo, then Moscow might find an opening for a new ally in the region.
"It is increasingly plausible that the Egyptian military would go for it" and allow Russia a naval base on Egypt's Mediterranean coast, he said.
With Syria so volatile, things could quickly evolve in unexpected directions, he said.
foreign. desk@thenational.ae
What are the influencer academy modules?
- Mastery of audio-visual content creation.
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Volvo ES90 Specs
Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)
Power: 333hp, 449hp, 680hp
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On sale: Later in 2025 or early 2026, depending on region
Price: Exact regional pricing TBA
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
How much do leading UAE’s UK curriculum schools charge for Year 6?
- Nord Anglia International School (Dubai) – Dh85,032
- Kings School Al Barsha (Dubai) – Dh71,905
- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
*Annual tuition fees covering the 2024/2025 academic year
NO OTHER LAND
Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
Stars: Basel Adra, Yuval Abraham
Rating: 3.5/5
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
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- Specialist robotics and science laboratories
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COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
The National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young
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)
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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
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Price: Dh133,900
On sale: now
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.”
Our legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
The smuggler
Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple.
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.
Khouli conviction
Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.
For sale
A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.
- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico
- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000
- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950
Pathaan
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Getting there
Flydubai flies direct from Dubai to Tbilisi from Dh1,025 return including taxes
if you go
The flights
Etihad and Emirates fly direct from the UAE to Seoul from Dh3,775 return, including taxes
The package
Ski Safari offers a seven-night ski package to Korea, including five nights at the Dragon Valley Hotel in Yongpyong and two nights at Seoul CenterMark hotel, from £720 (Dh3,488) per person, including transfers, based on two travelling in January
The info
Visit www.gokorea.co.uk
Test
Director: S Sashikanth
Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan
Star rating: 2/5
Company%20Profile
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Mountain%20Boy
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Graduated from the American University of Sharjah
She is the eldest of three brothers and two sisters
Has helped solve 15 cases of electric shocks
Enjoys travelling, reading and horse riding
THE BIO
Born: Mukalla, Yemen, 1979
Education: UAE University, Al Ain
Family: Married with two daughters: Asayel, 7, and Sara, 6
Favourite piece of music: Horse Dance by Naseer Shamma
Favourite book: Science and geology
Favourite place to travel to: Washington DC
Best advice you’ve ever been given: If you have a dream, you have to believe it, then you will see it.
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Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
On sale: Now
Price: From Dh158,000 (Cooper), Dh168,000 (Aceman), Dh190,000 (Countryman)
SPECS
Toyota land Cruiser 2020 5.7L VXR
Engine: 5.7-litre V8
Transmission: eight-speed automatic
Power: 362hp
Torque: 530Nm
Price: Dh329,000 (base model 4.0L EXR Dh215,900)
How to avoid crypto fraud
- Use unique usernames and passwords while enabling multi-factor authentication.
- Use an offline private key, a physical device that requires manual activation, whenever you access your wallet.
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What is a Ponzi scheme?
A fraudulent investment operation where the scammer provides fake reports and generates returns for old investors through money paid by new investors, rather than through ligitimate business activities.
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
Skewed figures
In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458.