Egypt's vice president Mohamed ElBaradei (right) talks with US deputy secretary of state William Burns (centre) during a meeting at the presidential palace in Cairo.
Egypt's vice president Mohamed ElBaradei (right) talks with US deputy secretary of state William Burns (centre) during a meeting at the presidential palace in Cairo.

US joins UAE, Qatar and EU in Egypt crisis mediation



CAIRO //Two prominent US senators joined diplomats from the UAE, Qatar and the European Union in Cairo yesterday in renewed efforts to mediate between Egypt's dangerously divided political camps.

Senators John McCain and Lindsey Graham arrived as the diplomats shuttled between government officials, military generals and leaders of the Muslim Brotherhood.

The proliferation of mediators in Cairo is an "all-hands-on-deck" policy aimed at averting a further escalation of violence on the streets, said Shadi Hamid, fellow at the Brookings Centre in Doha.

As both the military and the Muslim Brotherhood have dug in to their positions in recent days, American and European mediators have turned to the two regional allies - the UAE and Qatar - who arguably have the closest relationships with the warring sides.

The diplomats' presence appears to have bought time and averted fresh violence, which many had feared could erupt after Egypt's ministry of interior threatened to forcibly clear two sit-ins filled with thousands of protesters.

The demonstrators in Rabaa Adaweya and Nahda squares in Cairo have vowed to stay put until the Islamist former president Mohammed Morsi, deposed by the military on July 3, is reinstated.

The interim government installed by the military has called on the Brotherhood to accept Mr Morsi's removal and take part in a national reconciliation initiative, but the group refuses to recognise the legitimacy of the government.

More than 200 demonstrators have died in clashes with security forces in the past month, many of them supporters of Mr Morsi and his Muslim Brotherhood.

Mediators have tried to try to defuse tensions, but after two days of meetings in Cairo the rifts between the interim government's and the Brotherhood's public statements remained vast.

The spokesman for the interim president, Ahmed Al Muslemani, said yesterday not a "single step" would be changed in the military-backed political road map announced when the army ousted Mr Morsi.

The Egyptian public prosecutor will bring several Brotherhood officials, including its supreme guide Mohammed Badie and top financier Khairat El Shater, to trial on August 25 on charges of inciting violence against Egyptians last month.

The arrest and trial of Brotherhood members and supporters, as well as street clashes, have increased the opposition's resolve.

Late on Sunday, officials from the UAE and Qatar, the US deputy secretary of state William Burns and the European Union envoy Bernardino Leon met Mr Al Shater in Tora prison south of Cairo, the state news agency Mena said yesterday.

Gehad El Haddad, spokesman for the Brotherhood, said on his Twitter account that Mr El Shater had refused to meet the envoys, and told them to speak to Mr Morsi.

Mr Burns and Mr Leon also met the army chief Abdel Fattah El Sisi, the Qatari foreign minister Sheikh Khaled Al Attiyah and the UAE's Minister of State for Foreign Affairs Dr Anwar Gargash, a US state department official said.

The UAE Foreign Minister Sheikh Abdullah bin Zayed also met the interim prime minister, Hazem El Beblawi, Wam reported. Mr Burns had a separate meeting with Mr El Beblawi, and his deputy, Ziad Baha Eddin, the US state department official said.

Mr Mansour's spokesman said the envoys were also scheduled to meet another Brotherhood leader, Saad El Katatni, late yesterday.

There have been no official comments about any proposed agreement, but several scenarios have been aired in the past week, including the release of Mr Morsi and other Brotherhood officials from prison without charges if they accept the new government. The Brotherhood's demands may include the appointment of a new prime minister and a pledge that Gen El Sisi, who led the action to oust Mr Morsi, would play no role in politics.

The UAE's and Qatar's entrance into the political talks indicates the seriousness with which western officials view Egypt's continuing turmoil.

"The UAE is a major player now after their commitment of billions of dollars of aid, so they have leverage," said Mr Hamid. The UAE has pledged Dh11 billion in aid to the new government.

Qatar meanwhile has "the closest relationship with the Brotherhood", Mr Hamid said. "It makes sense for them to encourage the Brotherhood to consider certain concessions - to be a little more flexible in its negotiating position."

The UAE-Qatar joint push is also notable in itself for the potential thaw it may indicate in relations between the two countries, who have in the past differed in their policy toward Egypt.

While Doha embraced the rise of political Islam after the Arab Spring, pouring billions of dollars of aid into the country under Mr Morsi's rule, the UAE remained wary of the Brotherhood-led government.

Qatar did, however, recognise the new government after Mr Morsi was ousted, a possible move towards a broader Arabian Gulf consensus. Notably, Doha has pledged to continue the aid it promised Cairo before the transition, including discounted shipments of natural gas, which are expected to begin arriving tomorrow.

Recognising the new government "allows Qatar to play a more active role; they are not seen as polarising as they were before", said Mr Hamid.

But a rising tide of xenophobia has added to the mediators' challenges, as critics on both sides of the political battle have called on foreign countries to stay out of Egyptian affairs.

Supporters of the military have criticised the US and Europe for siding with Mr Morsi's camp and ignoring millions of anti-Morsi protesters who took to the streets on the anniversary of his inauguration to call for early presidential elections.

Similarly, pro-Morsi demonstrators have criticised the US, Europe, Saudi Arabia and the UAE for not condemning the removal of a democratically elected president, and do not accept them as mediators.

Brotherhood officials said yesterday they were adamant that a solution could be reached only through democratic means.

"Democratic processes are the only way out: the return of Morsi, the reinstatement of the constitution and the reconvening of the Shura Council," said Mohamed Shehata, a member of the central law committee of the Brotherhood's Freedom and Justice Party. "The world is only dancing on the carnage of Egyptians."

edickinson@thenational.ae

* Additional reporting by Jahd Khalil

twitter: For breaking news from the Gulf, the Middle East and around the globe follow The National World. Follow us

Spare

Profile

Company name: Spare

Started: March 2018

Co-founders: Dalal Alrayes and Saurabh Shah

Based: UAE

Sector: FinTech

Investment: Own savings. Going for first round of fund-raising in March 2019

How has net migration to UK changed?

The figure was broadly flat immediately before the Covid-19 pandemic, standing at 216,000 in the year to June 2018 and 224,000 in the year to June 2019.

It then dropped to an estimated 111,000 in the year to June 2020 when restrictions introduced during the pandemic limited travel and movement.

The total rose to 254,000 in the year to June 2021, followed by steep jumps to 634,000 in the year to June 2022 and 906,000 in the year to June 2023.

The latest available figure of 728,000 for the 12 months to June 2024 suggests levels are starting to decrease.

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Dust and sand storms compared

Sand storm

  • Particle size: Larger, heavier sand grains
  • Visibility: Often dramatic with thick "walls" of sand
  • Duration: Short-lived, typically localised
  • Travel distance: Limited 
  • Source: Open desert areas with strong winds

Dust storm

  • Particle size: Much finer, lightweight particles
  • Visibility: Hazy skies but less intense
  • Duration: Can linger for days
  • Travel distance: Long-range, up to thousands of kilometres
  • Source: Can be carried from distant regions
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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How to help

Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
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The specs
Engine: 4.0-litre flat-six
Power: 510hp at 9,000rpm
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Price: From Dh801,800
Why seagrass matters
  • Carbon sink: Seagrass sequesters carbon up to 35X faster than tropical rainforests
  • Marine nursery: Crucial habitat for juvenile fish, crustations, and invertebrates
  • Biodiversity: Support species like sea turtles, dugongs, and seabirds
  • Coastal protection: Reduce erosion and improve water quality
MISSION: IMPOSSIBLE – FINAL RECKONING

Director: Christopher McQuarrie

Starring: Tom Cruise, Hayley Atwell, Simon Pegg

Rating: 4/5

Globalization and its Discontents Revisited
Joseph E. Stiglitz
W. W. Norton & Company

UAE v Gibraltar

What: International friendly

When: 7pm kick off

Where: Rugby Park, Dubai Sports City

Admission: Free

Online: The match will be broadcast live on Dubai Exiles’ Facebook page

UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)

The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
ICC Women's T20 World Cup Asia Qualifier 2025, Thailand

UAE fixtures
May 9, v Malaysia
May 10, v Qatar
May 13, v Malaysia
May 15, v Qatar
May 18 and 19, semi-finals
May 20, final

WTL%20SCHEDULE
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Results

6.30pm: Maiden Dh165,000 (Dirt) 1,200m

Winner: Barack Beach, Richard Mullen (jockey), Satish Seemar (trainer).

7.05pm: Handicap Dh170,000 (D) 1,200m

Winner: Way Of Wisdom, Connor Beasley, Satish Seemar.

7.40pm: Maiden Dh165,000 (D) 1,900m

Winner: Woodditton, Connor Beasley, Ahmad bin Harmash.

8.15pm: Handicap Dh185,000 (D) 2,000m

Winner: Secret Trade, Sandro Paiva, Ali Rashid Al Raihe.

8.50pm: Handicap Dh185,000 (D) 1,600m

Winner: Mark Of Approval, Antonio Fresu, Mahmood Hussain.

9.25pm: Handicap Dh165,000 (D) 2,000m

Winner: Tradesman, Pat Dobbs, Doug Watson.

The low down

Producers: Uniglobe Entertainment & Vision Films

Director: Namrata Singh Gujral

Cast: Rajkummar Rao, Nargis Fakhri, Bo Derek, Candy Clark

Rating: 2/5

Gully Boy

Director: Zoya Akhtar
Producer: Excel Entertainment & Tiger Baby
Cast: Ranveer Singh, Alia Bhatt, Kalki Koechlin, Siddhant Chaturvedi​​​​​​​
Rating: 4/5 stars

Washmen Profile

Date Started: May 2015

Founders: Rami Shaar and Jad Halaoui

Based: Dubai, UAE

Sector: Laundry

Employees: 170

Funding: about $8m

Funders: Addventure, B&Y Partners, Clara Ventures, Cedar Mundi Partners, Henkel Ventures

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)
Ain Dubai in numbers

126: The length in metres of the legs supporting the structure

1 football pitch: The length of each permanent spoke is longer than a professional soccer pitch

16 A380 Airbuses: The equivalent weight of the wheel rim.

9,000 tonnes: The amount of steel used to construct the project.

5 tonnes: The weight of each permanent spoke that is holding the wheel rim in place

192: The amount of cable wires used to create the wheel. They measure a distance of 2,4000km in total, the equivalent of the distance between Dubai and Cairo.

UAE currency: the story behind the money in your pockets
The%20specs
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'Hocus%20Pocus%202'
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The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

The Settlers

Director: Louis Theroux

Starring: Daniella Weiss, Ari Abramowitz

Rating: 5/5

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.”

BIGGEST CYBER SECURITY INCIDENTS IN RECENT TIMES

SolarWinds supply chain attack: Came to light in December 2020 but had taken root for several months, compromising major tech companies, governments and its entities

Microsoft Exchange server exploitation: March 2021; attackers used a vulnerability to steal emails

Kaseya attack: July 2021; ransomware hit perpetrated REvil, resulting in severe downtime for more than 1,000 companies

Log4j breach: December 2021; attackers exploited the Java-written code to inflitrate businesses and governments

THE SIXTH SENSE

Starring: Bruce Willis, Toni Collette, Hayley Joel Osment

Director: M. Night Shyamalan

Rating: 5/5

The specs

Engine: Four electric motors, one at each wheel

Power: 579hp

Torque: 859Nm

Transmission: Single-speed automatic

Price: From Dh825,900

On sale: Now

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

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 
'Ashkal'
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ANDROID%20VERSION%20NAMES%2C%20IN%20ORDER
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Profile box

Company name: baraka
Started: July 2020
Founders: Feras Jalbout and Kunal Taneja
Based: Dubai and Bahrain
Sector: FinTech
Initial investment: $150,000
Current staff: 12
Stage: Pre-seed capital raising of $1 million
Investors: Class 5 Global, FJ Labs, IMO Ventures, The Community Fund, VentureSouq, Fox Ventures, Dr Abdulla Elyas (private investment)

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

Yemen's Bahais and the charges they often face

The Baha'i faith was made known in Yemen in the 19th century, first introduced by an Iranian man named Ali Muhammad Al Shirazi, considered the Herald of the Baha'i faith in 1844.

The Baha'i faith has had a growing number of followers in recent years despite persecution in Yemen and Iran. 

Today, some 2,000 Baha'is reside in Yemen, according to Insaf. 

"The 24 defendants represented by the House of Justice, which has intelligence outfits from the uS and the UK working to carry out an espionage scheme in Yemen under the guise of religion.. aimed to impant and found the Bahai sect on Yemeni soil by bringing foreign Bahais from abroad and homing them in Yemen," the charge sheet said. 

Baha'Ullah, the founder of the Bahai faith, was exiled by the Ottoman Empire in 1868 from Iran to what is now Israel. Now, the Bahai faith's highest governing body, known as the Universal House of Justice, is based in the Israeli city of Haifa, which the Bahais turn towards during prayer. 

The Houthis cite this as collective "evidence" of Bahai "links" to Israel - which the Houthis consider their enemy.