US president John Fitzgerald Kennedy (left) and West Berlin mayor Willy Brandt wave to crowds during the president's visit to Germany in 1963.
US president John Fitzgerald Kennedy (left) and West Berlin mayor Willy Brandt wave to crowds during the president's visit to Germany in 1963.
US president John Fitzgerald Kennedy (left) and West Berlin mayor Willy Brandt wave to crowds during the president's visit to Germany in 1963.
US president John Fitzgerald Kennedy (left) and West Berlin mayor Willy Brandt wave to crowds during the president's visit to Germany in 1963.

Germany disillusioned with Obama over defence and economic issues


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BERLIN // When Barack Obama arrived in Berlin as a US presidential hopeful in 2008, 200,000 Germans turned out and chanted his campaign slogan, "Yes, we can!"

When Mr Obama arrives today for the first time as US president, there will be no such ecstatic jubilation. The audience for his speech in front of the Brandenburg Gate tomorrow afternoon will number a paltry 4,000 invited guests.

His speech will come almost 50 years to the day after John F Kennedy made his famous speech to Berliners from the balcony of the Schöneberg district town hall. But the passion has gone out of Germany's relationship with the US since the end of the Cold War. America is no longer revered here as the benefactor and protector, guaranteeing the safety of West Germany and the very existence of West Berlin, a vulnerable enclave of freedom behind the Iron Curtain.

Germany has become emancipated since its full sovereignty was restored with unification in 1990. And the euro debt crisis since 2010 has reinforced its status as Europe's leading nation not just economically, but politically as well.

"Germany's power has risen enormously in the last four years," the outgoing US ambassador to Germany, Philip Murphy, said last week.

While Mr Obama remains popular in Germany, with 82 per cent saying he has done a good job overall in a recent poll, there is disappointment at his failure to fulfil his promise to close the prison at Guantanamo Bay, at his use of drones to target Taliban and Al Qaeda militants and, most recently, at the scandal over American internet surveillance which reportedly also targeted Germans.

Even politicians from the German chancellor Angela Merkel's party, the staunchly pro-American Christian Democratic Union, have been critical of Mr Obama in recent days.

"We should remember that this president Obama as a campaigner voiced severe criticism of the George Bush government over this programme, but in fact it was even stepped up in recent years," said Wolfgang Bosbach, a senior party member.

In a cover story devoted to Mr Obama last week, Der Spiegel magazine described him as "the lost friend".

It has not gone unnoticed that Mr Obama has waited five years since becoming president to make his first state visit. All his predecessors since the end of the Second World War came much sooner during their presidencies.

Some see Mr Obama's tardiness as a fresh sign that his priority is to boost cooperation with fast-growing Asian nations.

"He's trying to build a new network with the new important democratic countries around the globe in the southern hemisphere and that has taken a lot of time and political resources, so Europe is playing second fiddle at the moment," said Michael Werz, an analyst at the Centre for American Progress, a policy think tank.

The German foreign minister Guido Westerwelle predictably waxed lyrical about the US-German relationship on Sunday, saying it was as close as Germany's friendship with France. "We remain grateful to the United States of America for what it has achieved for freedom, peace and for our prosperity after the war and right up to this day," he said.

But it's telling that German officials asked recently to name major policy areas where Germany and the US were co-operating, couldn't immediately think of any.

Mrs Merkel and Mr Obama have never warmed to each other on a personal level. They have openly disagreed on economic policy, with Mrs Merkel rejecting appeals by Mr Obama to abandon her strict austerity-led approach to tackling the euro crisis.

Germany's taxpayers, she insisted, do not want more of their money to be pumped into shoring up ailing southern European nations. She is quite right: they do not. And because she has listened to the man in the street, she is expected to cruise to a third term in the September general election.

But Mr Obama and Mrs Merkel are both pragmatists. He knows that Germany is an indispensable partner in Europe. She knows the US is an indispensable partner in the world.

In their talks in Berlin, Mrs Merkel will seek answers from Mr Obama on America's Prism spying programme. They will also address Syria, where Mr Obama has authorised sending US weapons to rebels in response to what the White House says is evidence that Damascus has crossed a "red line" by using nerve gas.

Mrs Merkel's government, which has consistently shied away from authorising military engagements, staying out of the 2011 intervention in the Libyan uprising, has already made clear that it will not be following suit.

A further focus of the talks will be the US-European free trade initiative, the Transatlantic Trade and Investment Partnership, aimed at providing a western counterweight to the growing power of emerging economies.

The negotiations illustrate what the trans-Atlantic partnership, once a matter of life and death, has come to: haggling over the use of chlorine for disinfecting chickens.

foreign.desk@thenational.ae

What is Reform?

Reform is a right-wing, populist party led by Nigel Farage, a former MEP who won a seat in the House of Commons last year at his eighth attempt and a prominent figure in the campaign for the UK to leave the European Union.

It was founded in 2018 and originally called the Brexit Party.

Many of its members previously belonged to UKIP or the mainstream Conservatives.

After Brexit took place, the party focused on the reformation of British democracy.

Former Tory deputy chairman Lee Anderson became its first MP after defecting in March 2024.

The party gained support from Elon Musk, and had hoped the tech billionaire would make a £100m donation. However, Mr Musk changed his mind and called for Mr Farage to step down as leader in a row involving the US tycoon's support for far-right figurehead Tommy Robinson who is in prison for contempt of court.

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.”

Five expert hiking tips
    Always check the weather forecast before setting off Make sure you have plenty of water Set off early to avoid sudden weather changes in the afternoon Wear appropriate clothing and footwear Take your litter home with you
Western Region Asia Cup T20 Qualifier

Sun Feb 23 – Thu Feb 27, Al Amerat, Oman

The two finalists advance to the Asia qualifier in Malaysia in August

 

Group A

Bahrain, Maldives, Oman, Qatar

Group B

UAE, Iran, Kuwait, Saudi Arabia

 

UAE group fixtures

Sunday Feb 23, 9.30am, v Iran

Monday Feb 25, 1pm, v Kuwait

Tuesday Feb 26, 9.30am, v Saudi

 

UAE squad

Ahmed Raza, Rohan Mustafa, Alishan Sharafu, Ansh Tandon, Vriitya Aravind, Junaid Siddique, Waheed Ahmed, Karthik Meiyappan, Basil Hameed, Mohammed Usman, Mohammed Ayaz, Zahoor Khan, Chirag Suri, Sultan Ahmed

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THE SPECS

Touareg Highline

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THE SPECS

      

 

Engine: 1.5-litre

 

Transmission: 6-speed automatic

 

Power: 110 horsepower 

 

Torque: 147Nm 

 

Price: From Dh59,700 

 

On sale: now  

 
T20 World Cup Qualifier fixtures

Tuesday, October 29

Qualifier one, 2.10pm – Netherlands v UAE

Qualifier two, 7.30pm – Namibia v Oman

Wednesday, October 30

Qualifier three, 2.10pm – Scotland v loser of qualifier one

Qualifier four, 7.30pm – Hong Kong v loser of qualifier two

Thursday, October 31

Fifth-place playoff, 2.10pm – winner of qualifier three v winner of qualifier four

Friday, November 1

Semi-final one, 2.10pm – Ireland v winner of qualifier one

Semi-final two, 7.30pm – PNG v winner of qualifier two

Saturday, November 2

Third-place playoff, 2.10pm

Final, 7.30pm

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The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

A State of Passion

Directors: Carol Mansour and Muna Khalidi

Stars: Dr Ghassan Abu-Sittah

Rating: 4/5

MOUNTAINHEAD REVIEW

Starring: Ramy Youssef, Steve Carell, Jason Schwartzman

Director: Jesse Armstrong

Rating: 3.5/5

What is graphene?

Graphene is extracted from graphite and is made up of pure carbon.

It is 200 times more resistant than steel and five times lighter than aluminum.

It conducts electricity better than any other material at room temperature.

It is thought that graphene could boost the useful life of batteries by 10 per cent.

Graphene can also detect cancer cells in the early stages of the disease.

The material was first discovered when Andre Geim and Konstantin Novoselov were 'playing' with graphite at the University of Manchester in 2004.

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Fuel consumption: 6.9L/100km

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The biog

Born November 11, 1948
Education: BA, English Language and Literature, Cairo University
Family: Four brothers, seven sisters, two daughters, 42 and 39, two sons, 43 and 35, and 15 grandchildren
Hobbies: Reading and traveling

Our legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

TOURNAMENT INFO

Women’s World Twenty20 Qualifier

Jul 3- 14, in the Netherlands
The top two teams will qualify to play at the World T20 in the West Indies in November

UAE squad
Humaira Tasneem (captain), Chamani Seneviratne, Subha Srinivasan, Neha Sharma, Kavisha Kumari, Judit Cleetus, Chaya Mughal, Roopa Nagraj, Heena Hotchandani, Namita D’Souza, Ishani Senevirathne, Esha Oza, Nisha Ali, Udeni Kuruppuarachchi

Key findings
  • Over a period of seven years, a team of scientists analysed dietary data from 50,000 North American adults.
  • Eating one or two meals a day was associated with a relative decrease in BMI, compared with three meals. Snacks count as a meal. Likewise, participants who ate more than three meals a day experienced an increase in BMI: the more meals a day, the greater the increase. 
  • People who ate breakfast experienced a relative decrease in their BMI compared with “breakfast-skippers”. 
  • Those who turned the eating day on its head to make breakfast the biggest meal of the day, did even better. 
  • But scrapping dinner altogether gave the best results. The study found that the BMI of subjects who had a long overnight fast (of 18 hours or more) decreased when compared even with those who had a medium overnight fast, of between 12 and 17 hours.
Squads

Pakistan: Sarfaraz Ahmed (c), Babar Azam (vc), Abid Ali, Asif Ali, Fakhar Zaman, Haris Sohail, Mohammad Hasnain, Iftikhar Ahmed, Imad Wasim, Mohammad Amir, Mohammad Nawaz, Mohammad Rizwan, Shadab Khan, Usman Shinwari, Wahab Riaz

Sri Lanka: Lahiru Thirimanne (c), Danushka Gunathilaka, Sadeera Samarawickrama, Avishka Fernando, Oshada Fernando, Shehan Jayasuriya, Dasun Shanaka, Minod Bhanuka, Angelo Perera, Wanindu Hasaranga, Lakshan Sandakan, Nuwan Pradeep, Isuru Udana, Kasun Rajitha, Lahiru Kumara

Bombshell

Director: Jay Roach

Stars: Nicole Kidman, Charlize Theron, Margot Robbie 

Four out of five stars 

Friday’s fixture

6.15pm: Al Wahda v Hatta

6.15pm: Al Dhafra v Ajman

9pm: Al Wasl v Baniyas

9pm: Fujairah v Sharjah

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Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

Company profile

Date started: 2015

Founder: John Tsioris and Ioanna Angelidaki

Based: Dubai

Sector: Online grocery delivery

Staff: 200

Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends

Credits

Produced by: Colour Yellow Productions and Eros Now
Director: Mudassar Aziz
Cast: Sonakshi Sinha, Jimmy Sheirgill, Jassi Gill, Piyush Mishra, Diana Penty, Aparshakti Khurrana
Star rating: 2.5/5

What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

The specs

Engine: 2.0-litre 4-cylinder turbo

Power: 258hp from 5,000-6,500rpm

Torque: 400Nm from 1,550-4,000rpm

Transmission: Eight-speed auto

Fuel consumption: 6.1L/100km

Price: from Dh362,500

On sale: now