LONDON // Barack Obama, the presumptive Democratic presidential nominee, headed home yesterday at the end of a triumphant foreign tour that is likely to silence critics who say he is too inexperienced to serve as president.
European commentators agreed that his trip, taking him from Afghanistan and the Middle East to Germany, France and Britain, had succeeded beyond all expectations, without a single diplomatic gaffe.
Mr Obama himself, mindful that foreign policy is hardly an election winner, told reporters he did not expect European-style Obama-mania to follow him across the Atlantic back home.
"I would not be surprised if you see a dip in some opinion polls as a consequence of this trip," he said after two hours of talks with Gordon Brown, the British prime minister. "People are worried about gas prices and home foreclosures."
Such a downbeat approach will have little effect in Europe, where newspapers outdid each other in hyperbole. In Britain, The Independent declared that Mr Obama had "bewitched the world".
In France, where Nicolas Sarkozy, the president, abandoned all restraint to endorse his "mate" Mr Obama, Le Figaro said in an editorial: "Mission Accomplished: Barack Obama has made a success of his foray into the big wide world."
His popularity put the British government in a quandary over how to get the Obama stardust to rub off on the desperately unpopular Mr Brown, without alienating John McCain, the Republican candidate, who is well known and respected by European governments.
The prime minister's office had decreed that the visit should follow the protocol of Mr McCain's visit to London in March, so there would be no public handshake outside No 10 Downing Street.
But to the surprise of tourists, the two men later slipped out of a side door for an unscheduled walkabout on a parade ground behind Downing Street, providing the much-needed photo opportunity.
The contortions of the government protocol office underlined a fact seemingly forgotten by the 200,000 people who gathered to hear Mr Obama speak at a rally in Berlin: opinion polls do not suggest that the presumptive Democratic candidate will be a shoo-in.
Sir Christopher Meyer, a former ambassador to Washington, recalled that Britain had got burnt in 1992 when the Conservative Party supported the failed re-election campaign of George H W Bush, who was beaten by Bill Clinton. "This was a bit of a problem. It certainly affected the way the Clinton camp felt."
Throughout his trip, Mr Obama spoke cautiously and never put a foot wrong. His tour benefited from presidential-style planning - and some good luck.
He resisted being dragged into Mr Sarkozy's rhapsody on the rise to the White House of a man of immigrant stock like himself, politely reminding the French leader that he was not yet president.
He did not utter a word of French - which might have reminded US voters of John Kerry, a Democratic candidate, brought down in part by revelations of having family in France. Nor did he speak any German in Berlin, which would have no doubt pushed the parallel with John F Kennedy too far.
His visit to Iraq -potentially the most delicate part of the tour - coincided with reports that Nouri al Maliki, the Iraqi prime minister, endorsed his proposal for US combat troops to be withdrawn within 16 months of his election, an enormous boost to his prestige. Mr Maliki's office later denied he had supported Mr Obama's proposed timetable.
Yesterday, Mr Obama sought to sum up his foreign trip as the triumph of reason and pragmatism in foreign policy. He said there were "signs of convergence" around his policy proposals for setting a target for withdrawal from Iraq, reinforcement to prevent defeat in Afghanistan and engagement with Iran.
"The point I have been making during the course of this trip is that a lot of foreign policy issues have been seen through a prism of politics and ideology for too long. Part of the reason for this convergence is that reality is asserting itself. You cannot argue with the facts."
While Mr Obama has been meeting presidents and prime ministers, the McCain camp has been trying to shift the focus onto areas closer to the hearts of the US electorate. They have produced a YouTube video titled Obama Love that mocks the fawning attitude - as they see it - of some US media towards the senator for Illinois, and condemned the Berlin rally as a "premature victory lap".
Mr Obama said yesterday that restoring ties with allies would ease the financial and military burden on the United States as European countries would have to play a bigger role in the war in Afghanistan.
"I am convinced that the issues we face are not going to be solved effectively unless we have strong partners abroad. Unless we get a handle on Iran and Afghanistan, not only are we going to be less safe, but also it will be a huge drain on resources," he said.
Opinion polls show that he might struggle to get that kind of argument to the undecided US voter. An NBC News/Wall Street Journal poll published on Wednesday showed 55 per cent of US voters considered Mr Obama the riskier choice for US president, while just 35 per cent said the same of Mr McCain. The same poll found that 58 per cent of voters identified more closely with Mr McCain's values and background, against 47 per cent who said the same of Mr Obama.
These figures, and the success of his foreign trip, hint at an unlikely conclusion: the area of foreign policy, where Mr McCain - and before him Hillary Clinton - had been needling him as inexperienced, may actually be one of his strong suits. The harder problem will be for him to project himself as an ordinary guy to US voters who, as the polls show, do not naturally identify with his exotic background.
Charles Gibson, the ABC News presenter, who accompanied the candidate on his tour, said: "There is a paradox to Obama. He gets treated as a rock star because he is fresh and different. But when you see him, you find there is a great measure of reserve to the man. He likes to be somewhat circumspect, a little bit removed and somewhat distant."
That may prove in the end to be a more serious issue than his experience in foreign policy.
@Email:aphilps@thenational.ae
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.
Panipat
Director Ashutosh Gowariker
Produced Ashutosh Gowariker, Rohit Shelatkar, Reliance Entertainment
Cast Arjun Kapoor, Sanjay Dutt, Kriti Sanon, Mohnish Behl, Padmini Kolhapure, Zeenat Aman
Rating 3 /5 stars
What's in the deal?
Agreement aims to boost trade by £25.5bn a year in the long run, compared with a total of £42.6bn in 2024
India will slash levies on medical devices, machinery, cosmetics, soft drinks and lamb.
India will also cut automotive tariffs to 10% under a quota from over 100% currently.
Indian employees in the UK will receive three years exemption from social security payments
India expects 99% of exports to benefit from zero duty, raising opportunities for textiles, marine products, footwear and jewellery
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Dubai Rugby Sevens
November 30-December 2, at The Sevens, Dubai
Gulf Under 19
Pool A – Abu Dhabi Harlequins, Jumeirah College Tigers, Dubai English Speaking School 1, Gems World Academy
Pool B – British School Al Khubairat, Bahrain Colts, Jumeirah College Lions, Dubai English Speaking School 2
Pool C - Dubai College A, Dubai Sharks, Jumeirah English Speaking School, Al Yasmina
Pool D – Dubai Exiles, Dubai Hurricanes, Al Ain Amblers, Deira International School
UAE currency: the story behind the money in your pockets
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
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The biog
Name: Mohammed Imtiaz
From: Gujranwala, Pakistan
Arrived in the UAE: 1976
Favourite clothes to make: Suit
Cost of a hand-made suit: From Dh550
The specs: Macan Turbo
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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.”
The five pillars of Islam
$1,000 award for 1,000 days on madrasa portal
Daily cash awards of $1,000 dollars will sweeten the Madrasa e-learning project by tempting more pupils to an education portal to deepen their understanding of math and sciences.
School children are required to watch an educational video each day and answer a question related to it. They then enter into a raffle draw for the $1,000 prize.
“We are targeting everyone who wants to learn. This will be $1,000 for 1,000 days so there will be a winner every day for 1,000 days,” said Sara Al Nuaimi, project manager of the Madrasa e-learning platform that was launched on Tuesday by the Vice President and Ruler of Dubai, to reach Arab pupils from kindergarten to grade 12 with educational videos.
“The objective of the Madrasa is to become the number one reference for all Arab students in the world. The 5,000 videos we have online is just the beginning, we have big ambitions. Today in the Arab world there are 50 million students. We want to reach everyone who is willing to learn.”
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The biog
Siblings: five brothers and one sister
Education: Bachelors in Political Science at the University of Minnesota
Interests: Swimming, tennis and the gym
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What he did to pass the time during the trip: listen to audio books
COMPANY%20PROFILE
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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
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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
The National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
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6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
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At a glance
Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.
Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year
Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month
Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30
Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse
Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth
Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances
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
Call of Duty: Black Ops 6
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If you go
Flying
Despite the extreme distance, flying to Fairbanks is relatively simple, requiring just one transfer in Seattle, which can be reached directly from Dubai with Emirates for Dh6,800 return.
Touring
Gondwana Ecotours’ seven-day Polar Bear Adventure starts in Fairbanks in central Alaska before visiting Kaktovik and Utqiarvik on the North Slope. Polar bear viewing is highly likely in Kaktovik, with up to five two-hour boat tours included. Prices start from Dh11,500 per person, with all local flights, meals and accommodation included; gondwanaecotours.com
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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
UAE Tour 2020
Stage 1: The Pointe Palm Jumeirah - Dubai Silicon Oasis, 148km
Stage 2: Hatta - Hatta Dam, 168km
Stage 3: Al Qudra Cycle Track - Jebel Hafeet, 184km
Stage 4: Zabeel Park - Dubai City Walk, 173km
Stage 5: Al Ain - Jebel Hafeet, 162km
Stage 6: Al Ruwais - Al Mirfa, 158km
Stage 7: Al Maryah Island - Abu Dhabi Breakwater, 127km
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- 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
Surianah's top five jazz artists
Billie Holliday: for the burn and also the way she told stories.
Thelonius Monk: for his earnestness.
Duke Ellington: for his edge and spirituality.
Louis Armstrong: his legacy is undeniable. He is considered as one of the most revolutionary and influential musicians.
Terence Blanchard: very political - a lot of jazz musicians are making protest music right now.
BRIEF SCORES:
Toss: Nepal, chose to field
UAE 153-6: Shaiman (59), Usman (30); Regmi 2-23
Nepal 132-7: Jora 53 not out; Zahoor 2-17
Result: UAE won by 21 runs
Series: UAE lead 1-0
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