Turkey sent a military drone to Northern Cyprus amid growing tensions over Ankara's deal with Libya that extended its claims to the gas-rich eastern Mediterranean.
Turkey’s move escalates a regional issue over a November 27 deal signed with Libyan National Accord government of Prime Minister Fayez Al Sarraj regarding security and maritime jurisdiction.
Turkish armed Bayraktar TB2 drones arrived in the breakaway region of northern Cyprus on Monday after President Recep Tayyip Erdogan warned they would deploy unmanned aerial vehicles to safeguard their oil and gas exploration efforts in the area.
Analysts say Turkey is pushing back against rival efforts to claim exploration rights in the area after Cyprus, Greece, Egypt and Israel excluded Turkey from a new "East Mediterranean Gas Forum" that also includes Jordan, Italy and Palestine.
The move came hours after a rare public criticism of Libya’s UN-backed government by Egyptian President Abdel-Fattah El Sissi. He accused the Tripoli-based administration of being “held captive by armed militias,” something he explained as the main reason behind the elusiveness of a peaceful settlement in the North African nation.
Mr El Sissi’s comments to a conference at the Red Sea resort of Sharm El Sheikh are likely to deepen the rift between Cairo and the Government of National Accord.
If implemented, that deal would vastly expand Turkey’s continental shelf in the eastern Mediterranean. It would empower it to disrupt the search for and exploitation of natural gas in a region where Egypt, Cyprus, Israel and Greece are pooling their efforts and resources to turn it into a major and global natural gas hub that would bring badly needed revenues to the four countries.
The comments also come at a time when Egypt’s Libyan ally, Field Marshal Khalifa Haftar of the National Libyan Army, was staging the “decisive” battle in his eight-month campaign to capture Tripoli. Adding to the tensions are Turkish President Recep Tayyib Erdogan’s repeated assertions his NATO member country was prepared to deploy troops to Tripoli if asked.
Mr El Sissi is a general-turned-president who views the fight against Islamic militants as a cornerstone of his five-year rule. He’s a firm believer that what happens in Libya has a direct bearing on his country’s national security. Moreover, Egypt has been at sharp odds with Turkey since 2013 when the military removed Mohamed Morsi from office. Cairo accuses Ankara of supporting militant groups to serve its regional interests.
Differences between the two nations were compounded in recent years by Turkey’s repeated obstruction of drilling for natural gas off the coastline of Cyprus, an EU-member island nation that has been divided along ethnic lines since Turkey invaded and split it in 1974, ostensibly to protect the Turkish minority against the island’s Greek majority.
Egypt has rejected the deal between the Tripoli government and Turkey, calling it illegal. Its response, at least in part, came in a naval show of force in the eastern Mediterranean, throwing into the war games, among other things, Cairo’s French-made troop carriers. Cyprus also rejected the deal, while Greece retaliated by throwing out Libya’s ambassador in Athens.
Speaking at the Sharm El Sheikh conference, Mr El Sissi appeared to rule out military intervention in Libya in aid of Field Marshal Haftar, but emphasized that his country’s security is directly affected by what happens in neighbouring Libya, a vast energy-rich nation that fell into chaos and lawlessness in the aftermath of a popular uprising that toppled and killed longtime dictator Moammar Gadhafi.
“Our national security is directly impacted by the situation in Libya,” he said. “We would be forgiven for directly intervening in Libya, and we do have the capability to do so. But we did not do it because we considered Libya’s circumstances and we wanted to maintain our relations and brotherhood with the Libyan people.”
Egypt’s support for Field Marshal Haftar is widely believed to include the training of his troops and, at least on occasion, providing him with aerial support. In recent days, images surfaced on social media networks purporting to show Egyptian-made armoured vehicles being used by the Libyan National Army.
The footage could not be immediately verified and the government had no comment.
Egypt, however, has on several occasions publicly acknowledged carrying out airstrikes against positions belonging to militant groups in eastern Libya.
Cairo also has blamed Libyan-based Islamic militants for a string of attacks in its western desert close to its border with Libya. Those deadly attacks targeted members of Egypt’s security forces and minority Christians travelling to desert monasteries.
Egypt is simultaneously fighting an insurgency by Islamic militants in the northern part of the Sinai Peninsula. That rebellion has gained momentum and became much deadlier after the removal in 2013 by the military, then led by Mr El Sissi, of Mr Morsi, an Islamist president whose one-year in office proved divisive. Mr Morsi hailed from the now-outlawed Muslim Brotherhood. He collapsed in court and died shortly after last summer.
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
The specs: 2017 Lotus Evora Sport 410
Price, base / as tested Dh395,000 / Dh420,000
Engine 3.5L V6
Transmission Six-speed manual
Power 410hp @ 7,000rpm
Torque 420Nm @ 3,500rpm
Fuel economy, combined 9.7L / 100km
Red Sparrow
Dir: Francis Lawrence
Starring: Jennifer Lawrence, Joel Egerton, Charlotte Rampling, Jeremy Irons
Three stars
How being social media savvy can improve your well being
Next time when procastinating online remember that you can save thousands on paying for a personal trainer and a gym membership simply by watching YouTube videos and keeping up with the latest health tips and trends.
As social media apps are becoming more and more consumed by health experts and nutritionists who are using it to awareness and encourage patients to engage in physical activity.
Elizabeth Watson, a personal trainer from Stay Fit gym in Abu Dhabi suggests that “individuals can use social media as a means of keeping fit, there are a lot of great exercises you can do and train from experts at home just by watching videos on YouTube”.
Norlyn Torrena, a clinical nutritionist from Burjeel Hospital advises her clients to be more technologically active “most of my clients are so engaged with their phones that I advise them to download applications that offer health related services”.
Torrena said that “most people believe that dieting and keeping fit is boring”.
However, by using social media apps keeping fit means that people are “modern and are kept up to date with the latest heath tips and trends”.
“It can be a guide to a healthy lifestyle and exercise if used in the correct way, so I really encourage my clients to download health applications” said Mrs Torrena.
People can also connect with each other and exchange “tips and notes, it’s extremely healthy and fun”.
MATCH INFO
Syria v Australia
2018 World Cup qualifying: Asia fourth round play-off first leg
Venue: Hang Jebat Stadium (Malacca, Malayisa)
Kick-off: Thursday, 4.30pm (UAE)
Watch: beIN Sports HD
* Second leg in Australia scheduled for October 10
Key findings of Jenkins report
- Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
- Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
- Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
- Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
The Limehouse Golem
Director: Juan Carlos Medina
Cast: Olivia Cooke, Bill Nighy, Douglas Booth
Three stars
UAE squad
Esha Oza (captain), Al Maseera Jahangir, Emily Thomas, Heena Hotchandani, Indhuja Nandakumar, Katie Thompson, Lavanya Keny, Mehak Thakur, Michelle Botha, Rinitha Rajith, Samaira Dharnidharka, Siya Gokhale, Sashikala Silva, Suraksha Kotte, Theertha Satish (wicketkeeper) Udeni Kuruppuarachchige, Vaishnave Mahesh.
UAE tour of Zimbabwe
All matches in Bulawayo
Friday, Sept 26 – First ODI
Sunday, Sept 28 – Second ODI
Tuesday, Sept 30 – Third ODI
Thursday, Oct 2 – Fourth ODI
Sunday, Oct 5 – First T20I
Monday, Oct 6 – Second T20I
Sole survivors
- Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
- George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
- Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
- Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
No Shame
Lily Allen
(Parlophone)
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.”
Countries offering golden visas
UK
Innovator Founder Visa is aimed at those who can demonstrate relevant experience in business and sufficient investment funds to set up and scale up a new business in the UK. It offers permanent residence after three years.
Germany
Investing or establishing a business in Germany offers you a residence permit, which eventually leads to citizenship. The investment must meet an economic need and you have to have lived in Germany for five years to become a citizen.
Italy
The scheme is designed for foreign investors committed to making a significant contribution to the economy. Requires a minimum investment of €250,000 which can rise to €2 million.
Switzerland
Residence Programme offers residence to applicants and their families through economic contributions. The applicant must agree to pay an annual lump sum in tax.
Canada
Start-Up Visa Programme allows foreign entrepreneurs the opportunity to create a business in Canada and apply for permanent residence.
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Starring: Parinaz Izadyar, Payman Maadi
Rating: 4/5
When Umm Kulthum performed in Abu Dhabi
Known as The Lady of Arabic Song, Umm Kulthum performed in Abu Dhabi on November 28, 1971, as part of celebrations for the fifth anniversary of the accession of Sheikh Zayed bin Sultan Al Nahyan as Ruler of Abu Dhabi. A concert hall was constructed for the event on land that is now Al Nahyan Stadium, behind Al Wahda Mall. The audience were treated to many of Kulthum's most well-known songs as part of the sold-out show, including Aghadan Alqak and Enta Omri.