A U.S. Marine observes an Iranian fast attack craft from USS John P. Murtha during a Strait of Hormuz transit, Arabian Sea off Oman, in this picture released by U.S. Navy on July 18, 2019.. Donald Holbert/U.S. Navy/Handout via REUTERS ATTENTION EDITORS- THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY.
A U.S. Marine observes an Iranian fast attack craft from USS John P. Murtha during a Strait of Hormuz transit, Arabian Sea off Oman, in this picture released by U.S. Navy on July 18, 2019.. Donald Holbert/U.S. Navy/Handout via REUTERS ATTENTION EDITORS- THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY.
A U.S. Marine observes an Iranian fast attack craft from USS John P. Murtha during a Strait of Hormuz transit, Arabian Sea off Oman, in this picture released by U.S. Navy on July 18, 2019.. Donald Holbert/U.S. Navy/Handout via REUTERS ATTENTION EDITORS- THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY.
A U.S. Marine observes an Iranian fast attack craft from USS John P. Murtha during a Strait of Hormuz transit, Arabian Sea off Oman, in this picture released by U.S. Navy on July 18, 2019.. Donald Hol

US still seeking broad Gulf maritime coalition despite Germany’s snub


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The Trump administration is still in contact with partners in Europe, Asia and the Gulf to form a maritime coalition, or Sentinel programme, to counter Iranian threats and ensure freedom of navigation.

Germany's announcement on Wednesday that it would not be part of a coalition was met with angry words from US officials.

"Germany is the biggest economic power in Europe. This success brings global responsibilities," the US ambassador to Berlin, Richard Grenell, told the Augsburger Allgemeine newspaper.

He then brought up US sacrifices during the Second World War. “

America has sacrificed a lot to help Germany remain part of the West,” Mr Grenell said.

The US is still in talks with the UK, France and other European countries to advance a coalition.

The nature of the mission and what these countries would bring to it is another subject of disagreement, and France has not announced a decision yet.

In Congress on Wednesday, Vice Admiral Michael Gilday, who is nominated by President Donald Trump to become chief of naval operations, said the Sentinel programme envisions "80 or 90 per cent coalition effort and a much smaller US effort that is primarily focused on providing intelligence support”.

“We will escort our ships as they come along, but we won't be there in great numbers. The idea is for the regional partners to bear the lion's share of the burden,” Adml Gilday said.

US Central Command said the programme would “enable nations to provide escort to their flagged vessels while taking advantage of the co-operation of participating nations”.

Newly appointed Defence Secretary Mark Esper made his first trip to the command's headquarters in Tampa, Florida this week.

He was accompanied by the departing chairman of the Joint Chiefs of Staff, Gen Joseph Dunford, and Gen Richard Clark, commander of special operations.

“I’m proud of the work the men and women of the Department of Defence are doing here in Tampa and across the Middle East to deter aggression, counter terrorism, build partner capacity and strengthen our strategic defence relationships,” Mr Esper tweeted.

Bahrain hosted a Gulf maritime security meeting on Wednesday but no agreement was reached there.

Albania’s Defence Minister, Olta Xhacka, tweeted support for "all efforts to guarantee free trade" in the Strait of Hormuz, and South Korea said it could be willing to send a naval unit there, Reuters reported.

The US, in a nudge to European states, announced late on Wednesday that it was extending nuclear waivers allowing participation in civil nuclear projects with Tehran.

The waivers are included in the Iran nuclear deal from which Washington withdrew last year, and have been extended for 90 days.

"The action today will help preserve oversight of Iran's civil nuclear programme, reduce proliferation risks, constrain Iran's ability to shorten its 'breakout time' to a nuclear weapon, and prevent the regime from reconstituting sites for proliferation-sensitive purposes," US State Department spokeswoman Morgan Ortagus said.

National Security Adviser John Bolton told Fox Business Network: “I think the idea here is we are watching those nuclear activities very, very closely."

Director: Paul Weitz
Stars: Kevin Hart
3/5 stars

UAE currency: the story behind the money in your pockets
The biog

Favourite book: Homegoing by Yaa Gyasi

Favourite holiday destination: Spain

Favourite film: Bohemian Rhapsody

Favourite place to visit in the UAE: The beach or Satwa

Children: Stepdaughter Tyler 27, daughter Quito 22 and son Dali 19

Premier League results

Saturday

Crystal Palace 1 Brighton & Hove Albion 2

Cardiff City 2 West Ham United 0

Huddersfield Town 0 Bournemouth 2

Leicester City 3 Fulham 1

Newcastle United 3 Everton 2

Southampton 2 Tottenham Hotspur 1

Manchester City 3 Watford 1

Sunday

Liverpool 4 Burnley 2

Chelsea 1 Wolverhampton Wanderers 1

Arsenal 2 Manchester United 0

 

Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

Bloomberg

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%3Cp%3EThe%20UAE%20will%20host%20Scotland%20for%20a%20three-match%20T20I%20series%20at%20the%20Dubai%20International%20Stadium%20next%20month.%3Cbr%3EThe%20two%20sides%20will%20start%20their%20Cricket%20World%20Cup%20League%202%20campaigns%20with%20a%20tri-series%20also%20involving%20Canada%2C%20starting%20on%20January%2029.%3Cbr%3EThat%20series%20will%20be%20followed%20by%20a%20bilateral%20T20%20series%20on%20March%2011%2C%2013%20and%2014.%3C%2Fp%3E%0A
Day 1, Abu Dhabi Test: At a glance

Moment of the day Dimuth Karunaratne had batted with plenty of pluck, and no little skill, in getting to within seven runs of a first-day century. Then, while he ran what he thought was a comfortable single to mid-on, his batting partner Dinesh Chandimal opted to stay at home. The opener was run out by the length of the pitch.

Stat of the day – 1 One six was hit on Day 1. The boundary was only breached 18 times in total over the course of the 90 overs. When it did arrive, the lone six was a thing of beauty, as Niroshan Dickwella effortlessly clipped Mohammed Amir over the square-leg boundary.

The verdict Three wickets down at lunch, on a featherbed wicket having won the toss, and Sri Lanka’s fragile confidence must have been waning. Then Karunaratne and Chandimal's alliance of precisely 100 gave them a foothold in the match. Dickwella’s free-spirited strokeplay meant the Sri Lankans were handily placed at 227-4 at the close.

The Birkin bag is made by Hermès. 
It is named after actress and singer Jane Birkin
Noone from Hermès will go on record to say how much a new Birkin costs, how long one would have to wait to get one, and how many bags are actually made each year.

Wicked: For Good

Director: Jon M Chu

Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater

Rating: 4/5

Wenger's Arsenal reign in numbers

1,228 - games at the helm, ahead of Sunday's Premier League fixture against West Ham United.
704 - wins to date as Arsenal manager.
3 - Premier League title wins, the last during an unbeaten Invincibles campaign of 2003/04.
1,549 - goals scored in Premier League matches by Wenger's teams.
10 - major trophies won.
473 - Premier League victories.
7 - FA Cup triumphs, with three of those having come the last four seasons.
151 - Premier League losses.
21 - full seasons in charge.
49 - games unbeaten in the Premier League from May 2003 to October 2004.

Tips for used car buyers
  • Choose cars with GCC specifications
  • Get a service history for cars less than five years old
  • Don’t go cheap on the inspection
  • Check for oil leaks
  • Do a Google search on the standard problems for your car model
  • Do your due diligence. Get a transfer of ownership done at an official RTA centre
  • Check the vehicle’s condition. You don’t want to buy a car that’s a good deal but ends up costing you Dh10,000 in repairs every month
  • Validate warranty and service contracts with the relevant agency and and make sure they are valid when ownership is transferred
  • If you are planning to sell the car soon, buy one with a good resale value. The two most popular cars in the UAE are black or white in colour and other colours are harder to sell

Tarek Kabrit, chief executive of Seez, and Imad Hammad, chief executive and co-founder of CarSwitch.com