Tony Blair listens as George W Bush makes an announcement on the Iraq invasion on March 27, 2003.
Tony Blair listens as George W Bush makes an announcement on the Iraq invasion on March 27, 2003.
Tony Blair listens as George W Bush makes an announcement on the Iraq invasion on March 27, 2003.
Tony Blair listens as George W Bush makes an announcement on the Iraq invasion on March 27, 2003.

How 9/11 turned Britain into a one-party state


Michael Goldfarb
  • English
  • Arabic

Of all the unintended consequences of the September 11 attacks, the collapse of Britain’s Labour Party is probably one of the most important and least foreseen.

On 9/11, the disintegration of Labour would have seemed unimaginable. Three months before the destruction of the World Trade Centre, the Labour Party had been led to a second landslide victory by Tony Blair. Yet today, the party has been out of power for more than a decade and faces many more years in the wilderness before it has a realistic chance of returning to government.

“It changed the way Britain was governed,” says Bronwen Maddox, director of London’s Institute for Government think tank.

The march to Labour’s catastrophe began only nine days after the Al Qaeda attacks. On September 20, 2001, then-president George W Bush addressed a joint session of Congress to outline America’s response. The only foreign leader in the US Capitol that evening was Mr Blair.

To loud cheers, the president gave him a shout out: “I'm so honoured the British prime minister has crossed an ocean to show his unity with America. Thank you for coming, friend.”

On that same day, at a White House dinner, the outline of the coming military action in Afghanistan was discussed along with one other intervention: removing Saddam Hussein from power in Iraq.

Sir Christopher Meyer, the British ambassador to the US at the time, attended the dinner and later told reporters Mr Blair gave no indication that regime change in Iraq would be a problem.

His acquiescence was hardly surprising.

In April 1999, the prime minister had given a major speech in Chicago, in which he said: “War is an imperfect instrument for righting humanitarian distress; but armed force is sometimes the only means of dealing with dictators.”

He mentioned two dictators by name. One of them was Saddam Hussein. The other was Serbian President Slobodan Milosevic. As Mr Blair delivered the speech, Nato planes were bombing what was still called Yugoslavia, including its capital Belgrade, to force Milosevic to remove his troops from Kosovo. The bombing campaign was successful.

  • Smoke billows from the North Tower of the World Trade Centre in New York City after terrorists crashed a plane into the building on September 11, 2001. AP Photo
    Smoke billows from the North Tower of the World Trade Centre in New York City after terrorists crashed a plane into the building on September 11, 2001. AP Photo
  • The plane was thought to have hit the North Tower between floors 93 and 99 sparking a fierce fire on those storeys from which people desperately tried to escape. Reuters
    The plane was thought to have hit the North Tower between floors 93 and 99 sparking a fierce fire on those storeys from which people desperately tried to escape. Reuters
  • American Airlines flight 175 closes in on the south face of the South Tower of the World Trade Centre as the North Tower burns. Shutterstock
    American Airlines flight 175 closes in on the south face of the South Tower of the World Trade Centre as the North Tower burns. Shutterstock
  • The moment of impact. AFP
    The moment of impact. AFP
  • With both towers ablaze, pandemonium ensues in Manhattan in the building and on the ground. AFP
    With both towers ablaze, pandemonium ensues in Manhattan in the building and on the ground. AFP
  • The cloudless, blue sky gave little portent of the dark, history-changing day that was to come but would remain etched on the memory of those involved and beyond. AFP
    The cloudless, blue sky gave little portent of the dark, history-changing day that was to come but would remain etched on the memory of those involved and beyond. AFP
  • People run for their lives as the North Tower of World Trade Centre collapses. The South Tower had come down 29 minutes earlier. Getty Images
    People run for their lives as the North Tower of World Trade Centre collapses. The South Tower had come down 29 minutes earlier. Getty Images
  • Emergency personnel tend to injured people in Liberty Park, New Jersey, as the enormity of the day's events slowly begin to hit home. Reuters
    Emergency personnel tend to injured people in Liberty Park, New Jersey, as the enormity of the day's events slowly begin to hit home. Reuters
  • The World Trade Centre disappears in a thick cloud of smoke as the second tower implodes. AP Photo
    The World Trade Centre disappears in a thick cloud of smoke as the second tower implodes. AP Photo
  • Firefighter Gerard McGibbon, of Engine 283 in Brownsville, Brooklyn, prays after the buildings collapse. Getty Images
    Firefighter Gerard McGibbon, of Engine 283 in Brownsville, Brooklyn, prays after the buildings collapse. Getty Images
  • Smoke pours from the site and drifts across the New York sky. Reuters
    Smoke pours from the site and drifts across the New York sky. Reuters

Robin Lustig, who at the time was one of the BBC’s main news presenters, points out: “Blair’s history in his first three years in office was one of co-operating with American presidents and having success: the Good Friday Agreement and Kosovo [with Bill Clinton] and then Afghanistan. This profoundly shaped his view of how to use power.”

Mr Lustig says the former prime minister shared “a quasi-messianic worldview” with Mr Bush.

“He felt he had been put on Earth to fight evil.”

The former BBC man recalls, “I interviewed him and asked, ‘What do you say to people who call you Bush’s puppet?’ Blair answered, ‘It’s worse than that, I agree with him.’”

In any case, after the September 20 meeting, the events were now linked: the 9/11 attacks, and the invasions of Afghanistan and Iraq.

“The invasion of Iraq was tragic,” says Ms Maddox.

“It profoundly changed Blair’s premiership. If Iraq hadn’t happened, Afghanistan would have gone so much better.”

Ms Maddox points out a deeper consequence of linking Afghanistan to Iraq.

“Iraq subverted his domestic agenda. It allowed the Labour Party to turn on Blairism,” she says.

Mr Lustig agrees. The Labour Party rank-and-file membership really wasn’t aligned with Mr Blair’s worldview.

“There were two main streams to the Labour Party: anti-Americanism and a socialist, almost pacifist strain. Blair was not a socialist and he was pro-American.”

But the man knew how to win elections and electoral victories can paper over a lot of cracks.

Even after it became clear that the American and British occupation of Iraq was heading for failure, Mr Blair won a third election in 2005, with a working majority of 66.

When he stood down in 2008, fulfilling a long-standing agreement to let Gordon Brown become prime minister, he went without a word of apology for following Mr Bush into Iraq and Afghanistan. Both conflicts were continuing and clearly had not succeeded.

Mr Blair and all those associated with him became poison to many in the Labour Party.

The Labour Party without Mr Blair at the top became poison to press baron Rupert Murdoch, who withdrew his support for Mr Brown in the 2010 general election.

Mr Murdoch and his fellow conservative newspaper owners have never given Labour support since.

  • Families who made it out of Kabul walk through the terminal of Washington Dulles International Airport after arriving in the US. AP
    Families who made it out of Kabul walk through the terminal of Washington Dulles International Airport after arriving in the US. AP
  • Families who made it out of Kabul arrive at Washington Dulles International Airport in the US. AP
    Families who made it out of Kabul arrive at Washington Dulles International Airport in the US. AP
  • People who fled the Taliban in Afghanistan board a bus outside Washington Dulles International Airport in the US. AP
    People who fled the Taliban in Afghanistan board a bus outside Washington Dulles International Airport in the US. AP
  • People who successfully escaped the Taliban's capture of Kabul arrive in the US, near Washington DC. AP
    People who successfully escaped the Taliban's capture of Kabul arrive in the US, near Washington DC. AP
  • People who fled the Taliban in Afghanistan arrive at Washington Dulles International Airport in the US. AP
    People who fled the Taliban in Afghanistan arrive at Washington Dulles International Airport in the US. AP
  • Families who fled the Taliban arrive in the US, near Washington DC. AP
    Families who fled the Taliban arrive in the US, near Washington DC. AP
  • Families flown out of Kabul walk through Washington Dulles International Airport after arriving in the US. AP
    Families flown out of Kabul walk through Washington Dulles International Airport after arriving in the US. AP
  • Taliban fighters, wearing the uniform of the former Afghan army, stand guard at a checkpoint in Kabul. EPA
    Taliban fighters, wearing the uniform of the former Afghan army, stand guard at a checkpoint in Kabul. EPA
  • Taliban militants stop traffic at a roadside checkpoint in Kabul. EPA
    Taliban militants stop traffic at a roadside checkpoint in Kabul. EPA
  • Taliban fighters, wearing the uniform of the former Afghan army, check drivers in Kabul. EPA
    Taliban fighters, wearing the uniform of the former Afghan army, check drivers in Kabul. EPA
  • Taliban forces stand guard at a Kabul checkpoint. EPA
    Taliban forces stand guard at a Kabul checkpoint. EPA
  • Armed Taliban fighters stand next to a religious leader, speaking during Friday prayers at the Pul-e Khishti Mosque in Kabul. EPA
    Armed Taliban fighters stand next to a religious leader, speaking during Friday prayers at the Pul-e Khishti Mosque in Kabul. EPA

The general election in 2010 had no winner. A coalition government was formed between the Conservative Party, led by David Cameron, and the Liberal Democrats, led by Nick Clegg.

Gordon Brown stood down as Labour leader. The contest to replace him was between the Miliband brothers, David and Ed.

David, regarded as the more capable of the two, was closely identified with Mr Blair. He never stood a chance.

Ed Miliband was elected leader by the party. He moved Labour back towards its more socialist, pacifist roots. His most notable act was to lead a parliamentary vote against joining the US in bombing Syria after its president, Bashar Al Assad, used chemical weapons against his own people.

Even though then-president Barack Obama considered the use of chemical weapons to be a red line, he decided not to use force against the Syrian leader after the UK declined to join America in military action.

In the 2015 general election, the Conservatives won a straight victory over Labour. Mr Miliband resigned and the party selected Jeremy Corbyn as leader.

British soldiers land at RAF Brize Norton, in Oxfordshire, England. RAF / Ministry of Defence via AP)
British soldiers land at RAF Brize Norton, in Oxfordshire, England. RAF / Ministry of Defence via AP)

Mr Corbyn returned the party the rest of the way to its pre-Blairite status quo. Anti-Americanism and pacifist socialism had been Mr Corbyn’s worldview for 50 years. A key part of that worldview was that the European Union was a tool of global capitalism.

When Mr Cameron called a referendum on Britain leaving the EU, Mr Corbyn was exactly the wrong person to use his position as party leader to convince Britons to vote Remain. The country voted for Brexit by a small majority.

In 2019, Mr Corbyn led Labour to its worst electoral defeat in 85 years. “Corbyn would not have happened without Blair’s Iraq folly,” Mr Lustig asserts.

Ed Miliband and Syria, Mr Corbyn and Brexit. How different Britain would be today without 9/11 and Mr Blair in charge, committing the country to fighting alongside America, come what may.

Today, the Conservative Party has an 80-plus-seat majority in Parliament. Labour is now led by Keir Starmer, a remarkably uncharismatic lawyer. The party still remains split over the Blair legacy.

Historical precedents say it will take at least two elections for Labour to overturn the Conservative majority. The next one is scheduled for 2024, and under the Fixed Term Parliament Act, it could be another five years before another is held after that.

The Conservatives have been in government since 2010. There is a good chance they will still be there at the end of this decade.

When Osama bin Laden gave the greenlight for the 9/11 attacks, his target was America.

He could never have thought that their success would lead to twin wars in Afghanistan and Iraq, and that the Iraq war in particular would lead to the destruction of the Labour Party, turning Britain into a one-party state.

Jeremy Corbyn drew broad criticism for his ambiguity and garbled messaging on Brexit. AP
Jeremy Corbyn drew broad criticism for his ambiguity and garbled messaging on Brexit. AP


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Results:

First Test: New Zealand 30 British & Irish Lions 15

Second Test: New Zealand 21 British & Irish Lions 24

Third Test: New Zealand 15 British & Irish Lions 15

Rooney's club record

At Everton Appearances: 77; Goals: 17

At Manchester United Appearances: 559; Goals: 253

Email sent to Uber team from chief executive Dara Khosrowshahi

From: Dara

To: Team@

Date: March 25, 2019 at 11:45pm PT

Subj: Accelerating in the Middle East

Five years ago, Uber launched in the Middle East. It was the start of an incredible journey, with millions of riders and drivers finding new ways to move and work in a dynamic region that’s become so important to Uber. Now Pakistan is one of our fastest-growing markets in the world, women are driving with Uber across Saudi Arabia, and we chose Cairo to launch our first Uber Bus product late last year.

Today we are taking the next step in this journey—well, it’s more like a leap, and a big one: in a few minutes, we’ll announce that we’ve agreed to acquire Careem. Importantly, we intend to operate Careem independently, under the leadership of co-founder and current CEO Mudassir Sheikha. I’ve gotten to know both co-founders, Mudassir and Magnus Olsson, and what they have built is truly extraordinary. They are first-class entrepreneurs who share our platform vision and, like us, have launched a wide range of products—from digital payments to food delivery—to serve consumers.

I expect many of you will ask how we arrived at this structure, meaning allowing Careem to maintain an independent brand and operate separately. After careful consideration, we decided that this framework has the advantage of letting us build new products and try new ideas across not one, but two, strong brands, with strong operators within each. Over time, by integrating parts of our networks, we can operate more efficiently, achieve even lower wait times, expand new products like high-capacity vehicles and payments, and quicken the already remarkable pace of innovation in the region.

This acquisition is subject to regulatory approval in various countries, which we don’t expect before Q1 2020. Until then, nothing changes. And since both companies will continue to largely operate separately after the acquisition, very little will change in either teams’ day-to-day operations post-close. Today’s news is a testament to the incredible business our team has worked so hard to build.

It’s a great day for the Middle East, for the region’s thriving tech sector, for Careem, and for Uber.

Uber on,

Dara

Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants

Tightening the screw on rogue recruiters

The UAE overhauled the procedure to recruit housemaids and domestic workers with a law in 2017 to protect low-income labour from being exploited.

 Only recruitment companies authorised by the government are permitted as part of Tadbeer, a network of labour ministry-regulated centres.

A contract must be drawn up for domestic workers, the wages and job offer clearly stating the nature of work.

The contract stating the wages, work entailed and accommodation must be sent to the employee in their home country before they depart for the UAE.

The contract will be signed by the employer and employee when the domestic worker arrives in the UAE.

Only recruitment agencies registered with the ministry can undertake recruitment and employment applications for domestic workers.

Penalties for illegal recruitment in the UAE include fines of up to Dh100,000 and imprisonment

But agents not authorised by the government sidestep the law by illegally getting women into the country on visit visas.

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Director: Matty Brown

Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

Rating: 2.5/5

COMPANY PROFILE

Name: Grubtech

Founders: Mohamed Al Fayed and Mohammed Hammedi

Launched: October 2019

Employees: 50

Financing stage: Seed round (raised $2 million)

 

The specs

Engine: 2.0-litre 4-cyl

Power: 153hp at 6,000rpm

Torque: 200Nm at 4,000rpm

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How to turn your property into a holiday home
  1. Ensure decoration and styling – and portal photography – quality is high to achieve maximum rates.
  2. Research equivalent Airbnb homes in your location to ensure competitiveness.
  3. Post on all relevant platforms to reach the widest audience; whether you let personally or via an agency know your potential guest profile – aiming for the wrong demographic may leave your property empty.
  4. Factor in costs when working out if holiday letting is beneficial. The annual DCTM fee runs from Dh370 for a one-bedroom flat to Dh1,200. Tourism tax is Dh10-15 per bedroom, per night.
  5. Check your management company has a physical office, a valid DTCM licence and is licencing your property and paying tourism taxes. For transparency, regularly view your booking calendar.
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Manikarnika: The Queen of Jhansi

Director: Kangana Ranaut, Krish Jagarlamudi

Producer: Zee Studios, Kamal Jain

Cast: Kangana Ranaut, Ankita Lokhande, Danny Denzongpa, Atul Kulkarni

Rating: 2.5/5

Our family matters legal consultant

Name: Hassan Mohsen Elhais

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

The more serious side of specialty coffee

While the taste of beans and freshness of roast is paramount to the specialty coffee scene, so is sustainability and workers’ rights.

The bulk of genuine specialty coffee companies aim to improve on these elements in every stage of production via direct relationships with farmers. For instance, Mokha 1450 on Al Wasl Road strives to work predominantly with women-owned and -operated coffee organisations, including female farmers in the Sabree mountains of Yemen.

Because, as the boutique’s owner, Garfield Kerr, points out: “women represent over 90 per cent of the coffee value chain, but are woefully underrepresented in less than 10 per cent of ownership and management throughout the global coffee industry.”

One of the UAE’s largest suppliers of green (meaning not-yet-roasted) beans, Raw Coffee, is a founding member of the Partnership of Gender Equity, which aims to empower female coffee farmers and harvesters.

Also, globally, many companies have found the perfect way to recycle old coffee grounds: they create the perfect fertile soil in which to grow mushrooms. 

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Take Me Apart

Kelela

(Warp)

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.”

Hotel Data Cloud profile

Date started: June 2016
Founders: Gregor Amon and Kevin Czok
Based: Dubai
Sector: Travel Tech
Size: 10 employees
Funding: $350,000 (Dh1.3 million)
Investors: five angel investors (undisclosed except for Amar Shubar)

SPECS
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Skoda Superb Specs

Engine: 2-litre TSI petrol

Power: 190hp

Torque: 320Nm

Price: From Dh147,000

Available: Now

COMPANY%20PROFILE
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The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

Results
%3Cp%3E%3Cstrong%3EStage%203%3A%3C%2Fstrong%3E%3Cbr%3E1.%20Einer%20Rubio%20(COL)%20Movistar%20Team%20-%204h51%E2%80%9924%E2%80%9D%3Cbr%3E2.%20Remco%20Evenepoel%20(BEL)%20Soudal%20Quick-Step%20-%2014%22%3Cbr%3E3.%20Adam%20Yates%20(GBR)%20UAE%20Team%20Emirates%20-%2015%22%3Cbr%3E%3Cstrong%3EGeneral%20classifications%3A%3C%2Fstrong%3E%3Cbr%3E1.%20Remco%20Evenepoel%20(BEL)%20Soudal%20Quick-Step%3Cbr%3E2.%20Lucas%20Plapp%20(AUS)%20Ineos%20Grenaders)%20-%207%22%3Cbr%3E3.%20Pello%20Bilbao%20(ESP)%20Bahrain%20Victorious%20-%2011%22%3C%2Fp%3E%0A
Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
The lowdown

Rating: 4/5

Griselda
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%C2%A0Andr%C3%A9s%20Baiz%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%C2%A0%3C%2Fstrong%3ESof%C3%ADa%20Vergara%2C%20Alberto%20Guerra%2C%20Juliana%20Aiden%20Martinez%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
Tips for job-seekers
  • Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
  • Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.

David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East

Dunbar
Edward St Aubyn
Hogarth

War 2

Director: Ayan Mukerji

Stars: Hrithik Roshan, NTR, Kiara Advani, Ashutosh Rana

Rating: 2/5

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

THE BIG THREE

NOVAK DJOKOVIC
19 grand slam singles titles
Wimbledon: 5 (2011, 14, 15, 18, 19)
French Open: 2 (2016, 21)
US Open: 3 (2011, 15, 18)
Australian Open: 9 (2008, 11, 12, 13, 15, 16, 19, 20, 21)
Prize money: $150m

ROGER FEDERER
20 grand slam singles titles
Wimbledon: 8 (2003, 04, 05, 06, 07, 09, 12, 17)
French Open: 1 (2009)
US Open: 5 (2004, 05, 06, 07, 08)
Australian Open: 6 (2004, 06, 07, 10, 17, 18)
Prize money: $130m

RAFAEL NADAL
20 grand slam singles titles
Wimbledon: 2 (2008, 10)
French Open: 13 (2005, 06, 07, 08, 10, 11, 12, 13, 14, 17, 18, 19, 20)
US Open: 4 (2010, 13, 17, 19)
Australian Open: 1 (2009)
Prize money: $125m

Bareilly Ki Barfi
Directed by: Ashwiny Iyer Tiwari
Starring: Kriti Sanon, Ayushmann Khurrana, Rajkummar Rao
Three and a half stars

RESULTS

5pm: Handicap (TB) Dh100,000, 2,400m
Winner: Recordman, Richard Mullen (jockey), Satish Seemar (trainer)

5.30pm: Wathba Stallions Cup Handicap (PA) Dh 70,000, 2,200m​​​​​​​
Winner: AF Taraha, Tadhg O’Shea, Ernst Oertel

6pm: Abu Dhabi Fillies Classic Prestige (PA) Dh110,000, 1,400m​​​​​​​
Winner: Dhafra, Fabrice Veron, Eric Lemartinel

6.30pm: Abu Dhabi Colts Classic Prestige (PA) Dh110,000, 1,400m​​​​​​​
Winner: Maqam, Fabrice Veron, Eric Lemartinel

7pm: Handicap (PA) Dh85,000, 1,600m​​​​​​​
Winner: AF Momtaz, Fernando Jara, Musabah Al Muhairi

7.30pm: Maiden (PA) Dh80,000, 1,600m​​​​​​​
Winner: Optimizm, Patrick Cosgrave, Abdallah Al Hammadi

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

Lexus LX700h specs

Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

Torque: 790Nm from 2,000-3,600rpm

Transmission: 10-speed auto

Fuel consumption: 11.7L/100km

On sale: Now

Price: From Dh590,000

Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

Power: 819hp

Torque: 678Nm at 7,250rpm

Price: From Dh1,700,000

Available: Now

SHADOWS%20AND%20LIGHT%3A%20THE%20EXTRAORDINARY%20LIFE%20OF%20JAMES%20MCBEY
%3Cp%3EAuthor%3A%20Alasdair%20Soussi%3C%2Fp%3E%0A%3Cp%3EPages%3A%20300%3C%2Fp%3E%0A%3Cp%3EPublisher%3A%20Scotland%20Street%20Press%3C%2Fp%3E%0A%3Cp%3EAvailable%3A%20December%201%3C%2Fp%3E%0A
Meydan race card

6.30pm: Baniyas (PA) Group 2 Dh125,000 (Dirt) 1,400m
7.05pm: Maiden (TB) Dh165,000 (D) 1,200m​​​​​​​
7.40pm: Maiden (TB) Dh165,000 (D) 1,400m​​​​​​​
8.15pm: Handicap (TB) Dh170,000 (D) 1,900m​​​​​​​
8.50pm: Rated Conditions (TB) Dh240,000 (D) 1,600m​​​​​​​
9.25pm: Handicap (TB) Dh175,000 (D)1,200m
10pm: Handicap (TB) Dh165,000 (D) 1,400m

US households add $601bn of debt in 2019

American households borrowed another $601 billion (Dh2.2bn) in 2019, the largest yearly gain since 2007, just before the global financial crisis, according to February data from the New York Federal Reserve Bank.

Fuelled by rising mortgage debt as homebuyers continued to take advantage of low interest rates, the increase last year brought total household debt to a record high, surpassing the previous peak reached in 2008 just before the market crash, according to the report.

Following the 22nd straight quarter of growth, American household debt swelled to $14.15 trillion by the end of 2019, the New York Fed said in its quarterly report.

In the final three months of the year, new home loans jumped to their highest volume since the fourth quarter of 2005, while credit cards and auto loans also added to the increase.

The bad debt load is taking its toll on some households, and the New York Fed warned that more and more credit card borrowers — particularly young people — were falling behind on their payments.

"Younger borrowers, who are disproportionately likely to have credit cards and student loans as their primary form of debt, struggle more than others with on-time repayment," New York Fed researchers said.

Tips on buying property during a pandemic

Islay Robinson, group chief executive of mortgage broker Enness Global, offers his advice on buying property in today's market.

While many have been quick to call a market collapse, this simply isn’t what we’re seeing on the ground. Many pockets of the global property market, including London and the UAE, continue to be compelling locations to invest in real estate.

While an air of uncertainty remains, the outlook is far better than anyone could have predicted. However, it is still important to consider the wider threat posed by Covid-19 when buying bricks and mortar. 

Anything with outside space, gardens and private entrances is a must and these property features will see your investment keep its value should the pandemic drag on. In contrast, flats and particularly high-rise developments are falling in popularity and investors should avoid them at all costs.

Attractive investment property can be hard to find amid strong demand and heightened buyer activity. When you do find one, be prepared to move hard and fast to secure it. If you have your finances in order, this shouldn’t be an issue.

Lenders continue to lend and rates remain at an all-time low, so utilise this. There is no point in tying up cash when you can keep this liquidity to maximise other opportunities. 

Keep your head and, as always when investing, take the long-term view. External factors such as coronavirus or Brexit will present challenges in the short-term, but the long-term outlook remains strong. 

Finally, keep an eye on your currency. Whenever currency fluctuations favour foreign buyers, you can bet that demand will increase, as they act to secure what is essentially a discounted property.

The results of the first round are as follows:

Qais Saied (Independent): 18.4 per cent

Nabil Karoui (Qalb Tounes): 15.58 per cent

Abdelfattah Mourou (Ennahdha party): 12.88 per cent

Abdelkarim Zbidi (two-time defence minister backed by Nidaa Tounes party): 10.7 per cent

Youssef Chahed (former prime minister, leader of Long Live Tunisia): 7.3 per cent

The specs

Engine: 6.2-litre V8

Transmission: ten-speed

Power: 420bhp

Torque: 624Nm

Price: Dh325,125

On sale: Now

The bio

Studied up to grade 12 in Vatanappally, a village in India’s southern Thrissur district

Was a middle distance state athletics champion in school

Enjoys driving to Fujairah and Ras Al Khaimah with family

His dream is to continue working as a social worker and help people

Has seven diaries in which he has jotted down notes about his work and money he earned

Keeps the diaries in his car to remember his journey in the Emirates

Mubadala World Tennis Championship 2018 schedule

Thursday December 27

Men's quarter-finals

Kevin Anderson v Hyeon Chung 4pm

Dominic Thiem v Karen Khachanov 6pm

Women's exhibition

Serena Williams v Venus Williams 8pm

Friday December 28

5th place play-off 3pm

Men's semi-finals

Rafael Nadal v Anderson/Chung 5pm

Novak Djokovic v Thiem/Khachanov 7pm

Saturday December 29

3rd place play-off 5pm

Men's final 7pm

UK’s AI plan
  • AI ambassadors such as MIT economist Simon Johnson, Monzo cofounder Tom Blomfield and Google DeepMind’s Raia Hadsell
  • £10bn AI growth zone in South Wales to create 5,000 jobs
  • £100m of government support for startups building AI hardware products
  • £250m to train new AI models
MATCH INFO

Delhi Daredevils 174-4 (20 ovs)
Mumbai Indians 163 (19.3 ovs)

Delhi won the match by 11 runs

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Updated: September 07, 2021, 8:31 PM