In an interview with the London-based daily Al Hayat, Ayad Allawi, a former Iraqi prime minister who is currently the leader of a faction in parliament, confirmed that he had been offered the position of prime minister, but said he would not enter into a coalition that would trade Iraqi interests for the executive chair.
Asked if his parliamentary bloc had found coalition partners, Mr Allawi answered: "There are a host of ideas out there circulating among Iraqi political groups. For instance, there is an extensive national list under consideration, incorporating Islamic, liberal, Arab and Kurdish parties. But these are still ideas that have not yet evolved into agreements."
In response to a question about his purported links with the Baath Party, Mr Allawi said: "This is really 'Baath phobia' in action; it has nothing to do with the actual status of the Baathists. I have been fighting the Baathist Party for 30 years, since it was at its zenith, so there's no way for me now, after seven years of change and the fall of Saddam's regime, to worry about the Baathists. If the Baath Party really still has momentum... that simply means that the political forces in Iraq have failed to offer a better alternative."
About a decade ago, the Egyptian government made a brave move to condition its adherence to the Nuclear Non-Proliferation Treaty upon Israel's, the pan-Arab daily Al Quds al Arabi stated in its leader.
Every Arab government later relinquished demands to subject the Israeli nuclear programme to international inspection. The paradox is that they had been keen to urge the late Saddam Hussein to let international inspectors carry out their task freely in order to locate and destroy Iraq's nuclear, biological and chemical weapons.
Today Arab states are asking Iran to co-operate with the International Atomic Energy Agency, with hardly any mention of Israel's constantly evolving nuclear arsenal. But the Iranian government has proven wary of introducing an "international approach" in its nuclear negotiations.
"We cannot talk about a nuclear-free Middle East without getting into some 200 nuclear heads owned by the Zionist regime," said the spokesman of the Iranian foreign ministry, Hassan Qashqavi, some days ago.
"This Iranian position is highly intelligent and deserves the full support of all Arab and Islamic governments, as it is both reasonable and responsible," the daily opined.
The current dispute between the Palestinian Bar Association and the Hamas-affiliated judiciary authority in Gaza - whose pro-Palestinian Authority members have all been banishe - foreshadows the kind of system and way of life that Hamas wants for its people, commented Ali Ibrahim in the pan-Arab daily Asharq al Awsat.
Nothing justifies a recent decision by the higher judicial council to impose a dress code on female barristers since most women in Gaza wear the hijab and are already conservative. Moreover, for most Gazan citizens basic needs such as food, health care and education are hard enough to meet; looking fashionable is not a pressing concern.
"The Hamas government is merely trying to say 'We are here.' But it seems that, like any other political Islamic movement, Hamas is under pressure from even more hardline groups."
Recently a "radical group" besieged some Hamas members in the Gazan city of Khan Yunis for not enforcing Shariah law.
So Hamas is basically trying to appease such groups by proving that it is not loosening its strict Islamic character while opening up, as it has been trying to do recently, to the international community.
Now that the presidential elections in Mauritania are over, with Mohamed Ould Abdel Aziz elected president, let us evaluate what kind of change has been brought to the country, suggested Khaled al Sergani in the opinion section of the Emirati daily Al Bayan.
"Well, precisely nothing," he wrote. "The new president has simply doffed his coup leader's fatigues and donned an elected president's attire. Now no regional or foreign power can challenge his position."
Still, the challenges facing Mr Abdel Aziz are many. The most important, besides restoring order and stability after a series of coups led or endorsed by himself, is the al Qa'eda threat.
If Mauritania has gained democratic legitimacy with the last elections, one should keep in mind that such a change was highly unlikely without joint international pressure from the African Union, the European Union and the US.
Now, with the accession of a military strong man to the highest political office in the country, Mauritania embodies a "leading" and "fresh" example of how a coup leader can become a legitimate president in an age when the international community, on paper at least, rebuffs such a model.
* Digest compiled by Achraf A El Bahi
aelbahi@thenational.ae
Disclaimer
Director: Alfonso Cuaron
Stars: Cate Blanchett, Kevin Kline, Lesley Manville
Rating: 4/5
Citadel: Honey Bunny first episode
Directors: Raj & DK
Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon
Rating: 4/5
COMPANY%20PROFILE%20
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Sri Lanka-India Test series schedule
- 1st Test India won by 304 runs at Galle
- 2nd Test India won by innings and 53 runs at Colombo
- 3rd Test August 12-16 at Pallekele
Kanguva
Director: Siva
Stars: Suriya, Bobby Deol, Disha Patani, Yogi Babu, Redin Kingsley
Zayed Sustainability Prize
The specs
Engine: Dual 180kW and 300kW front and rear motors
Power: 480kW
Torque: 850Nm
Transmission: Single-speed automatic
Price: From Dh359,900 ($98,000)
On sale: Now
The Sky Is Pink
Director: Shonali Bose
Cast: Priyanka Chopra Jonas, Farhan Akhtar, Zaira Wasim, Rohit Saraf
Three stars
Company%20profile
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Company%20Profile
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AIDA%20RETURNS
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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.
In numbers
Number of Chinese tourists coming to UAE in 2017 was... 1.3m
Alibaba’s new ‘Tech Town’ in Dubai is worth... $600m
China’s investment in the MIddle East in 2016 was... $29.5bn
The world’s most valuable start-up in 2018, TikTok, is valued at... $75bn
Boost to the UAE economy of 5G connectivity will be... $269bn
'My Son'
Director: Christian Carion
Starring: James McAvoy, Claire Foy, Tom Cullen, Gary Lewis
Rating: 2/5
If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.
When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.
How to get there: Emirates currently flies from Dubai to Orlando five times a week.
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
Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
The specs
Engine: 2-litre or 3-litre 4Motion all-wheel-drive Power: 250Nm (2-litre); 340 (3-litre) Torque: 450Nm Transmission: 8-speed automatic Starting price: From Dh212,000 On sale: Now
THE%20HOLDOVERS
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OPINIONS ON PALESTINE & ISRAEL
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.”
Business Insights
- Canada and Mexico are significant energy suppliers to the US, providing the majority of oil and natural gas imports
- The introduction of tariffs could hinder the US's clean energy initiatives by raising input costs for materials like nickel
- US domestic suppliers might benefit from higher prices, but overall oil consumption is expected to decrease due to elevated costs
'Panga'
Directed by Ashwiny Iyer Tiwari
Starring Kangana Ranaut, Richa Chadha, Jassie Gill, Yagya Bhasin, Neena Gupta
Rating: 3.5/5
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Recycle Reuse Repurpose
New central waste facility on site at expo Dubai South area to handle estimated 173 tonne of waste generated daily by millions of visitors
Recyclables such as plastic, paper, glass will be collected from bins on the expo site and taken to the new expo Central Waste Facility on site
Organic waste will be processed at the new onsite Central Waste Facility, treated and converted into compost to be re-used to green the expo area
Of 173 tonnes of waste daily, an estimated 39 per cent will be recyclables, 48 per cent organic waste and 13 per cent general waste.
About 147 tonnes will be recycled and converted to new products at another existing facility in Ras Al Khor
Recycling at Ras Al Khor unit:
Plastic items to be converted to plastic bags and recycled
Paper pulp moulded products such as cup carriers, egg trays, seed pots, and food packaging trays
Glass waste into bowls, lights, candle holders, serving trays and coasters
Aim is for 85 per cent of waste from the site to be diverted from landfill
Electoral College Victory
Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate.
Popular Vote Tally
The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.
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Suggested picnic spots
Abu Dhabi
Umm Al Emarat Park
Yas Gateway Park
Delma Park
Al Bateen beach
Saadiyaat beach
The Corniche
Zayed Sports City
Dubai
Kite Beach
Zabeel Park
Al Nahda Pond Park
Mushrif Park
Safa Park
Al Mamzar Beach Park
Al Qudrah Lakes
Red Joan
Director: Trevor Nunn
Starring: Judi Dench, Sophie Cookson, Tereza Srbova
Rating: 3/5 stars
Sri Lanka World Cup squad
Dimuth Karunaratne (c), Lasith Malinga, Angelo Mathews, Thisara Perera, Kusal Perera, Dhananjaya de Silva, Kusal Mendis, Isuru Udana, Milinda Siriwardana, Avishka Fernando, Jeevan Mendis, Lahiru Thirimanne, Jeffrey Vandersay, Nuwan Pradeep, Suranga Lakmal.
From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5
AUSTRALIA SQUAD
Aaron Finch, Matt Renshaw, Brendan Doggett, Michael Neser, Usman Khawaja, Shaun Marsh, Mitchell Marsh, Tim Paine (captain), Travis Head, Marnus Labuschagne, Nathan Lyon, Jon Holland, Ashton Agar, Mitchell Starc, Peter Siddle