Indian Prime Minister Narendra Modi, pictured here on August 3, 2014 in Kathmandu, is due to meet Barack Obama during his first visit to the US. Prakash Mathema/AFP Photo
Indian Prime Minister Narendra Modi, pictured here on August 3, 2014 in Kathmandu, is due to meet Barack Obama during his first visit to the US. Prakash Mathema/AFP Photo

Modi’s first US visit shows turn of political fortunes



NEW DELHI // Narendra Modi will embark upon his first official visit to the United States on Friday, the culmination of a dramatic reversal of political fortunes for India’s new prime minister.

Nine years ago, when Mr Modi was chief minister of Gujarat, the US denied him a diplomatic visa and revoked his existing business and tourist visas. The US government at the time cited its International Religion Freedom Act of 1998, which can block foreign officials accused of “violations of religious freedom” from entering the country.

The diplomatic snub was based partly on Mr Modi’s failure to contain the religious riots that had flared across Gujarat in 2002. Roughly 1,000 people — nearly 800 of them Muslims — died in the riots. At the time, the US could not have envisaged Mr Modi’s future political trajectory. A 2005 cable from the US embassy in India, released earlier this year by WikiLeaks, said: “Although this incident will chill our relations with the Gujarat Government … we do not expect serious or long-term national consequences.”

Subsequently, however, Mr Modi emerged as the most powerful leader within his Bharatiya Janata Party (BJP) and resoundingly won the national elections earlier this year.

Mr Modi has now not only regained his US diplomatic visa, but is also scheduled to meet president Barack Obama and address the United Nations General Assembly, the two highlights of a packed four-day visit.

The White House summit between Mr Modi and Mr Obama, scheduled for Tuesday, “will set the framework for bilateral cooperation between the two nation’s governments in defence, trade and infrastructure,” said Rajiv Biswas, a Singapore-based economist with IHS, an industrial research and advisory firm.

On Saturday, his first full day in the US, Mr Modi will visit the September 11 memorial in New York before proceeding to the UN to deliver his speech. On Saturday, Mr Modi is also scheduled to meet Michael Bloomberg, the former mayor of New York City, to discuss creating 100 “smart cities” in India. The “smart cities” vision, Mr Biswas said, “will require a high level of collaboration with foreign firms, both as investors and sources of technology.”

Mr Modi will deliver two speeches over the weekend: one in Central Park on Saturday, to an annual gathering called by the non-profit Global Citizens Initiative, and, on Sunday, at Madison Square Garden to an audience of nearly 20,000 Indians living in the US.

Although many of these audience members will have received their tickets for free, through various Indian community organisations in the US, some of them will have paid for the best seats. The highest priced tickets were sold for $50,000 (Dh183,650) apiece.

Mr Modi reaches Washington DC on Monday afternoon, in time for dinner with Mr Obama at the White House. The dinner itself will merely provide an occasion for private talks, given that Mr Modi is in the middle of a nine-day religious fast, drinking only lemonade and water.

The official summit between the two leaders, on Tuesday morning, will attempt to cover a range of issues, Mr Biswas said. This includes bilateral trade, the value of which stood at $120 billion last year. A new paper, written for the Indian think tank Gateway House by the former Obama administration adviser Nish Acharya, predicts that India-US trade could touch $1 trillion by 2030, though reaching that number will involve many challenges.

In an op-ed published in the Indian Express on Wednesday, Tarun Das, who formerly headed the Confederation of Indian Industry, a non-governmental body, pointed to a "trust deficit" between India and the US.

Although the two governments have often pledged to work together in fields such as nuclear energy, defence and trade, a combination of India’s outdated laws and protectionist policies, as well as narrow US interests, have impeded cooperation.

"Too often, we have been overly driven by domestic politics and overly focused on extracting concessions from one another," John McCain, a US senator and a member of the foreign relations committee, told Voice of America earlier this month. "Our strategic relationship has unfortunately devolved recently into a transactional one."

Mr Obama, Mr Das wrote, needed to shoulder the responsibility of bridging the deficit.

“His words, actions, body language will be under far greater scrutiny than those of Modi, who has shown magnanimity in immediately accepting the invitation to the US, in spite of recent history,” Mr Das wrote, referring to the visa revocation incident.

ssubramanian@thenational.ae

The language of diplomacy in 1853

Treaty of Peace in Perpetuity Agreed Upon by the Chiefs of the Arabian Coast on Behalf of Themselves, Their Heirs and Successors Under the Mediation of the Resident of the Persian Gulf, 1853
(This treaty gave the region the name “Trucial States”.)


We, whose seals are hereunto affixed, Sheikh Sultan bin Suggar, Chief of Rassool-Kheimah, Sheikh Saeed bin Tahnoon, Chief of Aboo Dhebbee, Sheikh Saeed bin Buyte, Chief of Debay, Sheikh Hamid bin Rashed, Chief of Ejman, Sheikh Abdoola bin Rashed, Chief of Umm-ool-Keiweyn, having experienced for a series of years the benefits and advantages resulting from a maritime truce contracted amongst ourselves under the mediation of the Resident in the Persian Gulf and renewed from time to time up to the present period, and being fully impressed, therefore, with a sense of evil consequence formerly arising, from the prosecution of our feuds at sea, whereby our subjects and dependants were prevented from carrying on the pearl fishery in security, and were exposed to interruption and molestation when passing on their lawful occasions, accordingly, we, as aforesaid have determined, for ourselves, our heirs and successors, to conclude together a lasting and inviolable peace from this time forth in perpetuity.

Taken from Britain and Saudi Arabia, 1925-1939: the Imperial Oasis, by Clive Leatherdale

Company profile

Name:+Thndr

Started:+October 2020

Founders:+Ahmad Hammouda and Seif Amr

Based: Cairo, Egypt

Sector: FinTech

Initial investment: pre-seed of+$800,000

Funding stage: series A;+$20 million

Investors: Tiger Global, Beco Capital, Prosus Ventures, Y Combinator, Global Ventures, Abdul Latif Jameel, Endure Capital, 4DX Ventures, Plus VC, Rabacap and MSA Capital

The Iron Claw

Director: Sean Durkin 

Starring: Zac Efron, Jeremy Allen White, Harris Dickinson, Maura Tierney, Holt McCallany, Lily James

Rating: 4/5

The specs: 2018 Nissan Altima


Price, base / as tested: Dh78,000 / Dh97,650

Engine: 2.5-litre in-line four-cylinder

Power: 182hp @ 6,000rpm

Torque: 244Nm @ 4,000rpm

Transmission: Continuously variable tranmission

Fuel consumption, combined: 7.6L / 100km

DEADPOOL & WOLVERINE

Starring: Ryan Reynolds, Hugh Jackman, Emma Corrin

Director: Shawn Levy

Rating: 3/5

UAE medallists at Asian Games 2023

Gold
Magomedomar Magomedomarov – Judo – Men’s +100kg
Khaled Al Shehi – Jiu-jitsu – Men’s -62kg
Faisal Al Ketbi – Jiu-jitsu – Men’s -85kg
Asma Al Hosani – Jiu-jitsu – Women’s -52kg
Shamma Al Kalbani – Jiu-jitsu – Women’s -63kg
Silver
Omar Al Marzooqi – Equestrian – Individual showjumping
Bishrelt Khorloodoi – Judo – Women’s -52kg
Khalid Al Blooshi – Jiu-jitsu – Men’s -62kg
Mohamed Al Suwaidi – Jiu-jitsu – Men’s -69kg
Balqees Abdulla – Jiu-jitsu – Women’s -48kg
Bronze
Hawraa Alajmi – Karate – Women’s kumite -50kg
Ahmed Al Mansoori – Cycling – Men’s omnium
Abdullah Al Marri – Equestrian – Individual showjumping
Team UAE – Equestrian – Team showjumping
Dzhafar Kostoev – Judo – Men’s -100kg
Narmandakh Bayanmunkh – Judo – Men’s -66kg
Grigorian Aram – Judo – Men’s -90kg
Mahdi Al Awlaqi – Jiu-jitsu – Men’s -77kg
Saeed Al Kubaisi – Jiu-jitsu – Men’s -85kg
Shamsa Al Ameri – Jiu-jitsu – Women’s -57kg

W.
Wael Kfoury
(Rotana)

Key changes

Commission caps

For life insurance products with a savings component, Peter Hodgins of Clyde & Co said different caps apply to the saving and protection elements:

• For the saving component, a cap of 4.5 per cent of the annualised premium per year (which may not exceed 90 per cent of the annualised premium over the policy term). 

• On the protection component, there is a cap  of 10 per cent of the annualised premium per year (which may not exceed 160 per cent of the annualised premium over the policy term).

• Indemnity commission, the amount of commission that can be advanced to a product salesperson, can be 50 per cent of the annualised premium for the first year or 50 per cent of the total commissions on the policy calculated. 

• The remaining commission after deduction of the indemnity commission is paid equally over the premium payment term.

• For pure protection products, which only offer a life insurance component, the maximum commission will be 10 per cent of the annualised premium multiplied by the length of the policy in years.

Disclosure

Customers must now be provided with a full illustration of the product they are buying to ensure they understand the potential returns on savings products as well as the effects of any charges. There is also a “free-look” period of 30 days, where insurers must provide a full refund if the buyer wishes to cancel the policy.

“The illustration should provide for at least two scenarios to illustrate the performance of the product,” said Mr Hodgins. “All illustrations are required to be signed by the customer.”

Another illustration must outline surrender charges to ensure they understand the costs of exiting a fixed-term product early.

Illustrations must also be kept updatedand insurers must provide information on the top five investment funds available annually, including at least five years' performance data.

“This may be segregated based on the risk appetite of the customer (in which case, the top five funds for each segment must be provided),” said Mr Hodgins.

Product providers must also disclose the ratio of protection benefit to savings benefits. If a protection benefit ratio is less than 10 per cent "the product must carry a warning stating that it has limited or no protection benefit" Mr Hodgins added.

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.

Part three: an affection for classic cars lives on

Read part two: how climate change drove the race for an alternative 

Read part one: how cars came to the UAE

THE NEW BATCH'S FOCUS SECTORS

AiFlux – renewables, oil and gas

DevisionX – manufacturing

Event Gates – security and manufacturing

Farmdar – agriculture

Farmin – smart cities

Greener Crop – agriculture

Ipera.ai – space digitisation

Lune Technologies – fibre-optics

Monak – delivery

NutzenTech – environment

Nybl – machine learning

Occicor – shelf management

Olymon Solutions – smart automation

Pivony – user-generated data

PowerDev – energy big data

Sav – finance

Searover – renewables

Swftbox – delivery

Trade Capital Partners – FinTech

Valorafutbol – sports and entertainment

Workfam – employee engagement

COMPANY PROFILE

Name: Xpanceo

Started: 2018

Founders: Roman Axelrod, Valentyn Volkov

Based: Dubai, UAE

Industry: Smart contact lenses, augmented/virtual reality

Funding: $40 million

Investor: Opportunity Venture (Asia)

Milestones on the road to union

1970

October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar. 

December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.

1971

March 1:  Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.

July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.

July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.

August 6:  The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.

August 15: Bahrain becomes independent.

September 3: Qatar becomes independent.

November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.

November 29:  At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.

November 30: Despite  a power sharing agreement, Tehran takes full control of Abu Musa. 

November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties

December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.

December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.

December 9: UAE joins the United Nations.

KLOPP AT LIVERPOOL

Years: October 2015 - June 2024
Total games: 491
Win percentage: 60.9%
Major trophies: 6 (Premier League x 1, Champions League x 1, FA Cup x 1, League Cup x 2, Fifa Club World Cup x1)

Harry & Meghan

Director: Liz Garbus

Stars: Duke and Duchess of Sussex

Rating: 3/5

Kill

Director: Nikhil Nagesh Bhat

Starring: Lakshya, Tanya Maniktala, Ashish Vidyarthi, Harsh Chhaya, Raghav Juyal

Rating: 4.5/5

MATCH INFO

Uefa Champions League semi-final, first leg

Tottenham 0-1 Ajax, Tuesday

Second leg

Ajax v Tottenham, Wednesday, May 8, 11pm

Game is on BeIN Sports

The biog

DOB: March 13, 1987
Place of birth: Jeddah, Saudi Arabia but lived in Virginia in the US and raised in Lebanon
School: ACS in Lebanon
University: BSA in Graphic Design at the American University of Beirut
MSA in Design Entrepreneurship at the School of Visual Arts in New York City
Nationality: Lebanese
Status: Single
Favourite thing to do: I really enjoy cycling, I was a participant in Cycling for Gaza for the second time this year

The five pillars of Islam
Company Profile

Company name: Namara
Started: June 2022
Founder: Mohammed Alnamara
Based: Dubai
Sector: Microfinance
Current number of staff: 16
Investment stage: Series A
Investors: Family offices

UAE squad to face Ireland

Ahmed Raza (captain), Chirag Suri (vice-captain), Rohan Mustafa, Mohammed Usman, Mohammed Boota, Zahoor Khan, Junaid Siddique, Waheed Ahmad, Zawar Farid, CP Rizwaan, Aryan Lakra, Karthik Meiyappan, Alishan Sharafu, Basil Hameed, Kashif Daud, Adithya Shetty, Vriitya Aravind

Five calorie-packed Ramadan drinks

Rooh Afza
100ml contains 414 calories
Tang orange drink
100ml serving contains 300 calories
Carob beverage mix
100ml serving contains about 300 calories
Qamar Al Din apricot drink
100ml saving contains 61 calories
Vimto fruit squash
100ml serving contains 30 calories

Herc's Adventures

Developer: Big Ape Productions
Publisher: LucasArts
Console: PlayStation 1 & 5, Sega Saturn
Rating: 4/5