Nasr Al Hariri, head of the Saudi-backed High Negotiations Committee and the unified Syrian opposition delegation to UN-brokered peace talks, (left) meets UN special envoy Staffan de Mistura in Geneva, Switzerland on November 28, 2017.
Nasr Al Hariri, head of the Saudi-backed High Negotiations Committee and the unified Syrian opposition delegation to UN-brokered peace talks, (left) meets UN special envoy Staffan de Mistura in GenevaShow more

Syria opposition calls for direct talks with Assad government in Geneva



The Syrian opposition called on Tuesday for direct talks with president Bashar Al Assad's government in Geneva, as the latest round of UN-brokered negotiations kicked off in the Swiss city without regime representatives present.

Earlier, the United Nations said the Syrian government had given assurances that it planned to arrive in Geneva on Wednesday to take part in the talks.

‘The Assad regime continues to inflict brutal suffering on the people while procrastinating and making excuses about the diplomacy in Geneva," said Yahya Aridi, the spokesman for the unified opposition delegation, officially called the Syrian Negotiation Commission (SNC).

"It no longer has the pretext that the opposition is fragmented. We are one. We are ready to negotiate directly with the other side," he added, speaking after a series of meetings between the opposition and UN special envoy Staffan de Mistura.

The talks are seen as a chance for the United Nations to end the six-year war — which has killed more than 340,000 people and left Syria in ruins — and mark the first time that Syrian opposition groups have sent a unified delegation to represent them.

A UN spokeswoman confirmed on Tuesday that the government's delegation had not yet arrived in Geneva, but said Mr de Mistura had received assurances that representatives would be arriving the following day, Reuters reported. The opposition delegation — which is being led by Nasr Al Hariri — told The National that it was also expecting government representatives to arrive on Wednesday.

Mr Al Hariri confirmed on Monday that the opposition was "united and ready for real talks with the government".

“While we wait for the regime’s delegation that is prepared for serious negotiations, the regime continues to stall and hinder any progress for a political solution,” he said during a press conference in Geneva.

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Mr Al Hariri, who also heads the Saudi-backed High Negotiations Committee, the main Syrian opposition grouping, on Monday called on the international community to be held accountable for not putting pressure on Syrian president Bashar Al Assad’s regime to enter real negotiations for a political transition in line with a UN road map to end the war.

The opposition leader held talks with the British minister responsible for the Middle East, Alistair Burt, on Monday night before meeting with US acting assistant secretary of state for near east affairs David Satterfield on Tuesday morning.

On Monday, Mr de Mistura called for “real” diplomacy as he spoke to a UN Security Council meeting in New York via video link from Geneva.

Ahead of the eighth round of UN-brokered talks peace talks in Switzerland, Mr de Mistura told the Security Council that the Syrian government and a united opposition should engage in negotiations in Geneva without any preconditions and that all other initiatives should support the UN mediation process.

As mandated by Security Council resolution 2254, the talks are scheduled to focus on governance, drafting a new constitution and future elections as the basis for a Syrian-led, Syrian-owned process to end the conflict.

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What should do investors do now?

What does the S&P 500's new all-time high mean for the average investor? 

Should I be euphoric?

No. It's fine to be pleased about hearty returns on your investments. But it's not a good idea to tie your emotions closely to the ups and downs of the stock market. You'll get tired fast. This market moment comes on the heels of last year's nosedive. And it's not the first or last time the stock market will make a dramatic move.

So what happened?

It's more about what happened last year. Many of the concerns that triggered that plunge towards the end of last have largely been quelled. The US and China are slowly moving toward a trade agreement. The Federal Reserve has indicated it likely will not raise rates at all in 2019 after seven recent increases. And those changes, along with some strong earnings reports and broader healthy economic indicators, have fueled some optimism in stock markets.

"The panic in the fourth quarter was based mostly on fears," says Brent Schutte, chief investment strategist for Northwestern Mutual Wealth Management Company. "The fundamentals have mostly held up, while the fears have gone away and the fears were based mostly on emotion."

Should I buy? Should I sell?

Maybe. It depends on what your long-term investment plan is. The best advice is usually the same no matter the day — determine your financial goals, make a plan to reach them and stick to it.

"I would encourage (investors) not to overreact to highs, just as I would encourage them not to overreact to the lows of December," Mr Schutte says.

All the same, there are some situations in which you should consider taking action. If you think you can't live through another low like last year, the time to get out is now. If the balance of assets in your portfolio is out of whack thanks to the rise of the stock market, make adjustments. And if you need your money in the next five to 10 years, it shouldn't be in stocks anyhow. But for most people, it's also a good time to just leave things be.

Resist the urge to abandon the diversification of your portfolio, Mr Schutte cautions. It may be tempting to shed other investments that aren't performing as well, such as some international stocks, but diversification is designed to help steady your performance over time.

Will the rally last?

No one knows for sure. But David Bailin, chief investment officer at Citi Private Bank, expects the US market could move up 5 per cent to 7 per cent more over the next nine to 12 months, provided the Fed doesn't raise rates and earnings growth exceeds current expectations. We are in a late cycle market, a period when US equities have historically done very well, but volatility also rises, he says.

"This phase can last six months to several years, but it's important clients remain invested and not try to prematurely position for a contraction of the market," Mr Bailin says. "Doing so would risk missing out on important portfolio returns."

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Company name: Cargoz
Date started: January 2022
Founders: Premlal Pullisserry and Lijo Antony
Based: Dubai
Number of staff: 30
Investment stage: Seed

Company profile

Company name: Fasset
Started: 2019
Founders: Mohammad Raafi Hossain, Daniel Ahmed
Based: Dubai
Sector: FinTech
Initial investment: $2.45 million
Current number of staff: 86
Investment stage: Pre-series B
Investors: Investcorp, Liberty City Ventures, Fatima Gobi Ventures, Primal Capital, Wealthwell Ventures, FHS Capital, VN2 Capital, local family offices

KEY DATES IN AMAZON'S HISTORY

July 5, 1994: Jeff Bezos founds Cadabra Inc, which would later be renamed to Amazon.com, because his lawyer misheard the name as 'cadaver'. In its earliest days, the bookstore operated out of a rented garage in Bellevue, Washington

July 16, 1995: Amazon formally opens as an online bookseller. Fluid Concepts and Creative Analogies: Computer Models of the Fundamental Mechanisms of Thought becomes the first item sold on Amazon

1997: Amazon goes public at $18 a share, which has grown about 1,000 per cent at present. Its highest closing price was $197.85 on June 27, 2024

1998: Amazon acquires IMDb, its first major acquisition. It also starts selling CDs and DVDs

2000: Amazon Marketplace opens, allowing people to sell items on the website

2002: Amazon forms what would become Amazon Web Services, opening the Amazon.com platform to all developers. The cloud unit would follow in 2006

2003: Amazon turns in an annual profit of $75 million, the first time it ended a year in the black

2005: Amazon Prime is introduced, its first-ever subscription service that offered US customers free two-day shipping for $79 a year

2006: Amazon Unbox is unveiled, the company's video service that would later morph into Amazon Instant Video and, ultimately, Amazon Video

2007: Amazon's first hardware product, the Kindle e-reader, is introduced; the Fire TV and Fire Phone would come in 2014. Grocery service Amazon Fresh is also started

2009: Amazon introduces Amazon Basics, its in-house label for a variety of products

2010: The foundations for Amazon Studios were laid. Its first original streaming content debuted in 2013

2011: The Amazon Appstore for Google's Android is launched. It is still unavailable on Apple's iOS

2014: The Amazon Echo is launched, a speaker that acts as a personal digital assistant powered by Alexa

2017: Amazon acquires Whole Foods for $13.7 billion, its biggest acquisition

2018: Amazon's market cap briefly crosses the $1 trillion mark, making it, at the time, only the third company to achieve that milestone

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Date started: 2020
Founders: Khaldoon Bushnaq and Tariq Seksek
Based: Abu Dhabi Global Market
Sector: HealthTech
Number of staff: 100
Funding to date: $15 million

Company Profile

Company name: Namara
Started: June 2022
Founder: Mohammed Alnamara
Based: Dubai
Sector: Microfinance
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Going grey? A stylist's advice

If you’re going to go grey, a great style, well-cared for hair (in a sleek, classy style, like a bob), and a young spirit and attitude go a long way, says Maria Dowling, founder of the Maria Dowling Salon in Dubai.
It’s easier to go grey from a lighter colour, so you may want to do that first. And this is the time to try a shorter style, she advises. Then a stylist can introduce highlights, start lightening up the roots, and let it fade out. Once it’s entirely grey, a purple shampoo will prevent yellowing.
“Get professional help – there’s no other way to go around it,” she says. “And don’t just let it grow out because that looks really bad. Put effort into it: properly condition, straighten, get regular trims, make sure it’s glossy.”

How to improve Arabic reading in early years

One 45-minute class per week in Standard Arabic is not sufficient

The goal should be for grade 1 and 2 students to become fluent readers

Subjects like technology, social studies, science can be taught in later grades

Grade 1 curricula should include oral instruction in Standard Arabic

First graders must regularly practice individual letters and combinations

Time should be slotted in class to read longer passages in early grades

Improve the appearance of textbooks

Revision of curriculum should be undertaken as per research findings

Conjugations of most common verb forms should be taught

Systematic learning of Standard Arabic grammar