Chomsky’s nuclear war fear: Fight to last Ukrainian or choose Macron's dialogue path


Damien McElroy
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Noam Chomsky has no truck with those who would explain away the brutality of the war in Ukraine, but he does warn that there only two outcomes of the seven-week conflict.

"One possibility is to move on to facilitate the destruction of Ukraine and possibly a nuclear war," Prof Chomsky told The National. "That's one possibility.

"So when you read a headline in a main journal in the United States calling for Russia delenda est (we must destroy Russia), what that is saying is I want to kill everybody in Ukraine and I want to move on to a nuclear war which will end human life on Earth.

"The other possibility is to abandon that stance to move in the direction that [French President] Emmanuel Macron was moving towards in his abortive discussions with [Russian leader Vladimir] Putin."

The phrase "Russia delenda est" is an echo of Cato the Elder's formula that declared Carthage must be destroyed to stop the enemies of Rome and was indeed published in recent weeks in Washington publications.

It is not an irony that it was updated by the Russian author Leo Tolstoy in 1899, in a famous attack on militarism and promotion of pacifism by the writer of the epic War and Peace.

French President Emmanuel Macron speaks to Russian President Vladimir Putin during a 2017 meeting at the Versailles Palace, near Paris. AFP
French President Emmanuel Macron speaks to Russian President Vladimir Putin during a 2017 meeting at the Versailles Palace, near Paris. AFP

For Prof Chomsky, 93, whose father was born in what is now Ukraine (his mother was born in what is now Belarus), the obvious path forward has been well promoted as an alternative to the Cold War settlement for more than 15 years.

To give Mr Putin the kind of security landscape he seeks for Russia avoids a bleak escalatory pathway with a country that has an enormous nuclear arsenal.

"Now that kind of settlement will be ugly," he said. "That's a fact. It will have to offer President Putin some kind of escape hatch.

"If it doesn't offer an escape hatch then, when the hard men in Moscow have their backs to the wall and are told there's nothing left for you, the only choice for them is to use all their power.

"So the settlement will have to have an escape hatch. And everyone knows pretty much what it is.

"It will have to be a settlement that agrees on the neutralisation of Ukraine and some diplomatic finesse to put aside for the time being the status of Donbas and Crimea to be negotiated at a later stage, and a ceasefire and withdrawal of troops.

"That's basically the framework and it's understood out of all sides."

The social critic Noam Chomsky, pictured in May 2014, has issued a sombre warning over the future of the Ukraine crisis. Getty Images
The social critic Noam Chomsky, pictured in May 2014, has issued a sombre warning over the future of the Ukraine crisis. Getty Images

For one with an enormous following in radical leftist politics, Prof Chomsky evinces great respect for diplomatic expertise.

One scenario is that Ukrainian President Volodymyr Zelenskyy could reach a ceasefire with the Kremlin but Washington would effectively scupper it by refusing to unwind sanctions.

Prof Chomsky has been critical of US President Joe Biden's moral outrage over Ukraine but indifference elsewhere, notably with regards to Afghanistan.

"Washington's position now is to fight to the last Ukrainian," he said. "Not my words, I'm quoting one of the most astute and respected members of the diplomatic service, former ambassador to Saudi Arabia, Chas Freeman.

"He has described in some detail US strategy, and in his words, it's fight to the last Ukraine but don't have a negotiated settlement. Don't offer a way out — that's US policy."

Ukrainian President Volodymyr Zelenskyy walking through Bucha, which has been recaptured by the Ukrainian army. EPA
Ukrainian President Volodymyr Zelenskyy walking through Bucha, which has been recaptured by the Ukrainian army. EPA

He regards Mr Biden's decision last September to issue a statement on a Strategic Defence Framework for Ukraine, offering advanced weapons, joint exercises and increased training for the Kyiv military, as a potential trigger.

"It could be that this was what finally induced Russia to make the dangerous, criminal decision to go to direct invasion," he said.

Prof Chomsky's analysis renders much of western analysis of how the war has unfolded as being besides the point.

The strategy experts agree that drastic escalation or a scaled-back campaign focused on the south and east are Mr Putin's immediate choices.

The wider findings that Russia crucially underestimated Ukraine's will to resist, misread unity among western countries and even that it now faces disquiet among the sanctioned Russian elite should be set aside.

The paramount factor for Prof Chomsky is the 30-year unravelling of the post Cold War entente.

"There was a great opportunity at the end of the Cold War and President Bush, first President [George] HW Bush, actually pursued it," he says.

"Mikhail Gorbachev had presented a vision of a post Cold War Europe. It would be a unified Eurasia from Lisbon to Vladivostok with no military alliances — what was called common European home.

"President Bush's option was not that different, it was called the 'Partnership for Peace'. The Partnership for Peace didn't exclude Nato but it had a limited relationship to it. So countries could join the Partnership for Peace without a connection to Nato.

"Tajikistan, for example, joined — no Nato connection — and it could have been extended to include Russia in a general partnership for peace in which military alliances would erode and maybe disappear."

The turning point was the policy path pursued by Bill Clinton, who replaced the Republican in 1993. Prof Chomsky sees Mr Clinton as playing both sides by signalling partnership with Moscow, but preparing ground for an expansion of the North Atlantic alliance to the Russia border from the mid-1990s.

"To the Russians he said 'Partnership for Peace'," he said. "To the world he said we're going to expand Nato to the Russian border. He was bitterly condemned by Boris Yeltsin.

"This was in strict violation of a promise, firm commitment, that President Bush had made to Gorbachev that Nato would not extend one inch to the east, meaning to the east of East Germany, and Bush lived up to that."

Worse was to come when George W Bush sought untrammelled Nato growth after the September 11 attacks and the campaign in Afghanistan.

"When George W Bush came in, the second Bush, he threw it open to the wind, invited in a series of other former Russian satellites right to the Russian border," Prof Chomsky said.

  • Women, wrapped in a Ukrainian flag, embrace during a flash mob protesting sexual abuse by Russian soldiers in Ukraine, at Washington Square Park in New York. AFP
    Women, wrapped in a Ukrainian flag, embrace during a flash mob protesting sexual abuse by Russian soldiers in Ukraine, at Washington Square Park in New York. AFP
  • The train station, seen from a train car, after a rocket attack in Kramatorsk, eastern Ukraine. A rocket attack on the station in the eastern Ukrainian city killed 52 people as civilians raced to flee the Donbas region bracing for a feared Russian offensive. AFP
    The train station, seen from a train car, after a rocket attack in Kramatorsk, eastern Ukraine. A rocket attack on the station in the eastern Ukrainian city killed 52 people as civilians raced to flee the Donbas region bracing for a feared Russian offensive. AFP
  • Antonina Kaletnyk waits for the body of her son in front of a collapsed building in the town of Borodianka, north-west of Kyiv. AFP
    Antonina Kaletnyk waits for the body of her son in front of a collapsed building in the town of Borodianka, north-west of Kyiv. AFP
  • A vehicle drives past a hole on a damaged bridge, on the outskirts of Kyiv. AFP
    A vehicle drives past a hole on a damaged bridge, on the outskirts of Kyiv. AFP
  • A segment of a large rocket with the words "for our children" in Russian is pictured next to the main building of the train station in Kramatorsk. EPA
    A segment of a large rocket with the words "for our children" in Russian is pictured next to the main building of the train station in Kramatorsk. EPA
  • Antonina Kaletnyk waits for the body of her son in front of a collapsed building in the town of Borodianka, northwest of Kyiv. AFP
    Antonina Kaletnyk waits for the body of her son in front of a collapsed building in the town of Borodianka, northwest of Kyiv. AFP
  • A woman waves goodbye to her husband as she leaves on a bus, a day after the rocket attack at a train station in Kramatorsk. AFP
    A woman waves goodbye to her husband as she leaves on a bus, a day after the rocket attack at a train station in Kramatorsk. AFP
  • European Commission President Ursula von der Leyen, Ukrainian President Volodymyr Zelenskyy and EU foreign affairs envoy Josep Borrell during their meeting in Kyiv, Ukraine. EPA
    European Commission President Ursula von der Leyen, Ukrainian President Volodymyr Zelenskyy and EU foreign affairs envoy Josep Borrell during their meeting in Kyiv, Ukraine. EPA
  • European Commission President Ursula and Ukrainian President Volodymyr Zelenskyy attend a news conference in Kyiv. Reuters
    European Commission President Ursula and Ukrainian President Volodymyr Zelenskyy attend a news conference in Kyiv. Reuters
  • Ms von der Leyen shakes hands with President Zelenskyy as Mr Borrell looks on during their meeting in Kyiv. EPA
    Ms von der Leyen shakes hands with President Zelenskyy as Mr Borrell looks on during their meeting in Kyiv. EPA
  • Ms von der Leyen and Mr Borrell before their meeting with President Zelenskyy in Kyiv. EPA
    Ms von der Leyen and Mr Borrell before their meeting with President Zelenskyy in Kyiv. EPA
  • Ms von der Leyen, Mr Borrell and Ukraine's Prime Minister Denys Shmyhal visit the town of Bucha, outside of Kyiv, Ukraine. Reuters
    Ms von der Leyen, Mr Borrell and Ukraine's Prime Minister Denys Shmyhal visit the town of Bucha, outside of Kyiv, Ukraine. Reuters
  • Smoke rises after Russian shelling at the railway station in Kramatorsk, in the Donbas region of Ukraine. AP
    Smoke rises after Russian shelling at the railway station in Kramatorsk, in the Donbas region of Ukraine. AP
  • Burnt vehicles are seen in the aftermath of a rocket attack on the railway station in Kramatorsk. AFP
    Burnt vehicles are seen in the aftermath of a rocket attack on the railway station in Kramatorsk. AFP
  • Policemen at the scene in Kramatorsk. AFP
    Policemen at the scene in Kramatorsk. AFP
  • The remnants of a rocket after the deadly strike in Kramatorsk. AFP
    The remnants of a rocket after the deadly strike in Kramatorsk. AFP
  • Survivors of the attack sit on a bench outside the station. AFP
    Survivors of the attack sit on a bench outside the station. AFP
  • European Commission President Ursula von der Leyen departs for Kyiv in Przemysl, Poland. Reuters
    European Commission President Ursula von der Leyen departs for Kyiv in Przemysl, Poland. Reuters
  • A man wheels his bicycle past a destroyed tank in Chernihiv. AP
    A man wheels his bicycle past a destroyed tank in Chernihiv. AP
  • Spanish Prime Minister Pedro Sanchez and Barcelona Mayoress Ada Colau visit the refugee centre set up at Fira de Barcelona for the care, temporary reception and referral of Ukrainian citizens fleeing the war. EPA
    Spanish Prime Minister Pedro Sanchez and Barcelona Mayoress Ada Colau visit the refugee centre set up at Fira de Barcelona for the care, temporary reception and referral of Ukrainian citizens fleeing the war. EPA
  • Finnish Prime Minister Sanna Marin follows the address of Ukrainian President Volodymyr Zelenskyy via video link at the Finnish Parliament in Helsinki. AFP
    Finnish Prime Minister Sanna Marin follows the address of Ukrainian President Volodymyr Zelenskyy via video link at the Finnish Parliament in Helsinki. AFP
  • A young refugee from Ukraine and a dog wait in the ticket hall of the railwlay station in Przemysl, eastern Poland, which has become a hub for refugees from Ukraine fleeing their country due to Russia's aggression. AFP
    A young refugee from Ukraine and a dog wait in the ticket hall of the railwlay station in Przemysl, eastern Poland, which has become a hub for refugees from Ukraine fleeing their country due to Russia's aggression. AFP
  • Ukraine's President Volodymyr Zelenskyy thanks MPs after his virtual address to the Greek Parliament in Athens. AFP
    Ukraine's President Volodymyr Zelenskyy thanks MPs after his virtual address to the Greek Parliament in Athens. AFP
  • Firefighters take a rest after working at the site of buildings that were destroyed by shelling, amid Russia's invasion of Ukraine in Borodyanka, in the Kyiv region, Ukraine. Reuters
    Firefighters take a rest after working at the site of buildings that were destroyed by shelling, amid Russia's invasion of Ukraine in Borodyanka, in the Kyiv region, Ukraine. Reuters
  • Martin Griffiths, Under-Secretary-General for Humanitarian Affairs and Emergency Relief Coordinator, poses for a picture during an interview with The Associated Press during an interview in Kyiv, Ukraine. AP
    Martin Griffiths, Under-Secretary-General for Humanitarian Affairs and Emergency Relief Coordinator, poses for a picture during an interview with The Associated Press during an interview in Kyiv, Ukraine. AP
  • Ukrainian soldiers Anastasia and Vyacheslav embrace prior to their wedding ceremony in a city park in Kyiv, Ukraine. AP
    Ukrainian soldiers Anastasia and Vyacheslav embrace prior to their wedding ceremony in a city park in Kyiv, Ukraine. AP
  • Yurii, 41, who serves in the Ukrainian military, grabs a wedding photograph from his apartment in Hostomel, Ukraine. Getty Images
    Yurii, 41, who serves in the Ukrainian military, grabs a wedding photograph from his apartment in Hostomel, Ukraine. Getty Images
  • A damaged car is seen next to a heavily damaged apartment building in Hostomel, Ukraine. Getty Images
    A damaged car is seen next to a heavily damaged apartment building in Hostomel, Ukraine. Getty Images
  • Burnt cars are seen next to a field in Hostomel, Ukraine. Getty Images
    Burnt cars are seen next to a field in Hostomel, Ukraine. Getty Images
  • Svitlana, 62, shows a heavily damaged house in the residential area, in Hostomel, Ukraine. Getty Images
    Svitlana, 62, shows a heavily damaged house in the residential area, in Hostomel, Ukraine. Getty Images
  • Ukrainians, who fled to Mexico amid the Russian invasion of their homeland, enjoy the performance of a mariachi band at the Benito Juarez sports complex, set up as a shelter by the local government, after arriving in Tijuana to enter the U. S. , in Tijuana, Mexico. Reuters
    Ukrainians, who fled to Mexico amid the Russian invasion of their homeland, enjoy the performance of a mariachi band at the Benito Juarez sports complex, set up as a shelter by the local government, after arriving in Tijuana to enter the U. S. , in Tijuana, Mexico. Reuters
  • A Bushmaster protected mobility vehicle bound for Ukraine waits to be loaded onto a C-17A Globemaster III aircraft at RAAF Base Amberley, Australia. AP
    A Bushmaster protected mobility vehicle bound for Ukraine waits to be loaded onto a C-17A Globemaster III aircraft at RAAF Base Amberley, Australia. AP
  • Residents and volunteers cross the destroyed bridge to the city with supplies in Irpin, Ukraine. Getty Images
    Residents and volunteers cross the destroyed bridge to the city with supplies in Irpin, Ukraine. Getty Images
  • A Ukrainian serviceman attends a training session in Kharkiv outskirts, Ukraine. AP
    A Ukrainian serviceman attends a training session in Kharkiv outskirts, Ukraine. AP
  • A Ukrainian serviceman walks on a destroyed Russian fighting vehicle in Bucha, Ukraine. AP
    A Ukrainian serviceman walks on a destroyed Russian fighting vehicle in Bucha, Ukraine. AP
  • Screens show results from voting by the UN General Assembly in New York as member countries pass a resolution to suspend Russia from the Human Rights Council after Moscow's invasion of Ukraine. EPA
    Screens show results from voting by the UN General Assembly in New York as member countries pass a resolution to suspend Russia from the Human Rights Council after Moscow's invasion of Ukraine. EPA
  • The shell of a theatre destroyed in the southern Ukrainian port city of Mariupol. Reuters
    The shell of a theatre destroyed in the southern Ukrainian port city of Mariupol. Reuters
  • A woman lights candles during a demonstration to support Ukraine in downtown Sofia. AFP
    A woman lights candles during a demonstration to support Ukraine in downtown Sofia. AFP
  • Territorial Defence fighters are trained near Kharkiv. EPA
    Territorial Defence fighters are trained near Kharkiv. EPA
  • Rescuers work among remains of residential building destroyed by Russian shelling in Borodyanka, Kyiv region. Reuters
    Rescuers work among remains of residential building destroyed by Russian shelling in Borodyanka, Kyiv region. Reuters
  • Smoke rises over the town of Rubizhne, in the Donbas region. AFP
    Smoke rises over the town of Rubizhne, in the Donbas region. AFP
  • Ukrainian soldiers sit on an armoured military vehicle in the city of Severodonetsk, Donbass region. AFP
    Ukrainian soldiers sit on an armoured military vehicle in the city of Severodonetsk, Donbass region. AFP
  • Painted pictures showing Ukrainian cities hang on a wall at "Cafe Ukraine" in Berlin, Germany. Getty
    Painted pictures showing Ukrainian cities hang on a wall at "Cafe Ukraine" in Berlin, Germany. Getty
  • A Ukrainian refugee's dog arrives on a train from Odesa at Przemysl Glowny train station in Poland. Reuters
    A Ukrainian refugee's dog arrives on a train from Odesa at Przemysl Glowny train station in Poland. Reuters

"Every American diplomat — George Kennan, Henry Kissinger, heads of the CIA — all of them understood very clearly that Georgia and Ukraine are red lines. The Russians will tolerate a lot but not the entry of a hostile military alliance into their geostrategic heartland."

From the great unravelling to the outbreak of conflict in Georgia in 2008 and in Ukraine in 2014, when Russia secured enclaves of Russian speakers in both countries, the deterioration in understanding with Moscow has been slow but inexorable.

What Prof Chomsky now fears is a literal endgame for all organised humanity.

"One possibility is to move on to facilitate the destruction of Ukraine and possibly a nuclear war," he said.

"It also means strong possibility of moving on to confrontation between major nuclear powers, which is essentially the end."

SPECS
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Green ambitions
  • Trees: 1,500 to be planted, replacing 300 felled ones, with veteran oaks protected
  • Lake: Brown's centrepiece to be cleaned of silt that makes it as shallow as 2.5cm
  • Biodiversity: Bat cave to be added and habitats designed for kingfishers and little grebes
  • Flood risk: Longer grass, deeper lake, restored ponds and absorbent paths all meant to siphon off water 
MATCH INFO

Asian Champions League, last 16, first leg:

Al Ain 2 Al Duhail 4

Second leg:

Tuesday, Abdullah bin Khalifa Stadium, Doha. Kick off 7.30pm

Women’s World T20, Asia Qualifier

UAE results
Beat China by 16 runs
Lost to Thailand by 10 wickets
Beat Nepal by five runs
Beat Hong Kong by eight wickets
Beat Malaysia by 34 runs

Standings (P, W, l, NR, points)

1. Thailand 5 4 0 1 9
2. UAE 5 4 1 0 8
3. Nepal 5 2 1 2 6
4. Hong Kong 5 2 2 1 5
5. Malaysia 5 1 4 0 2
6. China 5 0 5 0 0

Final
Thailand v UAE, Monday, 7am

ICC Intercontinental Cup

UAE squad Rohan Mustafa (captain), Chirag Suri, Shaiman Anwar, Rameez Shahzad, Mohammed Usman, Adnan Mufti, Saqlain Haider, Ahmed Raza, Mohammed Naveed, Imran Haider, Qadeer Ahmed, Mohammed Boota, Amir Hayat, Ashfaq Ahmed

Fixtures Nov 29-Dec 2

UAE v Afghanistan, Zayed Cricket Stadium, Abu Dhabi

Hong Kong v Papua New Guinea, Sharjah Cricket Stadium

Ireland v Scotland, Dubai International Stadium

Namibia v Netherlands, ICC Academy, Dubai

RESULTS

Bantamweight:
Zia Mashwani (PAK) bt Chris Corton (PHI)

Super lightweight:
Flavio Serafin (BRA) bt Mohammad Al Khatib (JOR)

Super lightweight:
Dwight Brooks (USA) bt Alex Nacfur (BRA)

Bantamweight:
Tariq Ismail (CAN) bt Jalal Al Daaja (JOR)

Featherweight:
Abdullatip Magomedov (RUS) bt Sulaiman Al Modhyan (KUW)

Middleweight:
Mohammad Fakhreddine (LEB) bt Christofer Silva (BRA)

Middleweight:
Rustam Chsiev (RUS) bt Tarek Suleiman (SYR)

Welterweight:
Khamzat Chimaev (SWE) bt Mzwandile Hlongwa (RSA)

Lightweight:
Alex Martinez (CAN) bt Anas Siraj Mounir (MAR)

Welterweight:
Jarrah Al Selawi (JOR) bt Abdoul Abdouraguimov (FRA)

Aston martin DBX specs

Engine: 4.0-litre twin-turbo V8

Transmission: nine-speed automatic

Power: 542bhp

Torque: 700Nm

Top speed: 291kph

Price: Dh848,000

On sale: Q2, 2020
 

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About Tenderd

Started: May 2018

Founder: Arjun Mohan

Based: Dubai

Size: 23 employees 

Funding: Raised $5.8m in a seed fund round in December 2018. Backers include Y Combinator, Beco Capital, Venturesouq, Paul Graham, Peter Thiel, Paul Buchheit, Justin Mateen, Matt Mickiewicz, SOMA, Dynamo and Global Founders Capital

The specs

Engine: 3.0-litre flat-six twin-turbocharged

Transmission: eight-speed PDK automatic

Power: 445bhp

Torque: 530Nm

Price: Dh474,600

On Sale: Now

The smuggler

Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple. 
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.

Khouli conviction

Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.

For sale

A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.

- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico

- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000

- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950

Trolls World Tour

Directed by: Walt Dohrn, David Smith

Starring: Anna Kendrick, Justin Timberlake

Rating: 4 stars

SCORES IN BRIEF

New Zealand 153 and 56 for 1 in 22.4 overs at close
Pakistan 227
(Babar 62, Asad 43, Boult 4-54, De Grandhomme 2-30, Patel 2-64)

Simran

Director Hansal Mehta

Stars: Kangana Ranaut, Soham Shah, Esha Tiwari Pandey

Three stars

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.”

Spec%20sheet
%3Cp%3E%3Cstrong%3EDisplay%3A%3C%2Fstrong%3E%204.7%22%20Retina%20HD%2C%201334%20x%20750%2C%20625%20nits%2C%201400%3A1%2C%20True%20Tone%2C%20P3%3Cbr%3E%3Cstrong%3EChip%3A%3C%2Fstrong%3E%20Apple%20A15%20Bionic%2C%206-core%20CPU%2C%204-core%20GPU%2C%2016-core%20Neural%20Engine%3Cbr%3E%3Cstrong%3ECamera%3A%3C%2Fstrong%3E%2012MP%2C%20f%2F1.8%2C%205x%20digital%20zoom%2C%20Smart%20HDR%2C%20Deep%20Fusion%3Cbr%3E%3Cstrong%3EVideo%3A%3C%2Fstrong%3E%204K%2B%40%2024%2F30%2F60fps%2C%20full%20HD%2B%40%2030%2F60fps%2C%20HD%2B%40%2030%20fps%3Cstrong%3E%3Cbr%3EFront%20camera%3A%20%3C%2Fstrong%3E7MP%2C%20f%2F2.2%2C%20Smart%20HDR%2C%20Deep%20Fusion%3B%20HD%20video%2B%40%2030fps%3Cbr%3E%3Cstrong%3EBattery%3A%3C%2Fstrong%3E%20Up%20to%2015%20hours%20video%2C%2050%20hours%20audio%3B%2050%25%20fast%20charge%20in%2030%20minutes%20with%2020W%20charger%3B%20wireless%20charging%3Cbr%3E%3Cstrong%3EBiometrics%3A%3C%2Fstrong%3E%20Touch%20ID%3Cbr%3E%3Cstrong%3EDurability%3A%3C%2Fstrong%3E%20IP67%2C%20dust%2C%20water%20resistant%20up%20to%201m%20for%2030%20minutes%3Cbr%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20From%20Dh1%2C849%3C%2Fp%3E%0A
Monday's results
  • UAE beat Bahrain by 51 runs
  • Qatar beat Maldives by 44 runs
  • Saudi Arabia beat Kuwait by seven wickets
Oscars in the UAE

The 90th Academy Awards will be aired in the UAE from 3.30am on Monday, March 5 on OSN, with the ceremony starting at 5am

Mountain%20Boy
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Zainab%20Shaheen%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Naser%20Al%20Messabi%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3C%2Fstrong%3E%3A%203%2F5%3C%2Fp%3E%0A
The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet
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

History's medical milestones

1799 - First small pox vaccine administered

1846 - First public demonstration of anaesthesia in surgery

1861 - Louis Pasteur published his germ theory which proved that bacteria caused diseases

1895 - Discovery of x-rays

1923 - Heart valve surgery performed successfully for first time

1928 - Alexander Fleming discovers penicillin

1953 - Structure of DNA discovered

1952 - First organ transplant - a kidney - takes place 

1954 - Clinical trials of birth control pill

1979 - MRI, or magnetic resonance imaging, scanned used to diagnose illness and injury.

1998 - The first adult live-donor liver transplant is carried out

The past Palme d'Or winners

2018 Shoplifters, Hirokazu Kore-eda

2017 The Square, Ruben Ostlund

2016 I, Daniel Blake, Ken Loach

2015 DheepanJacques Audiard

2014 Winter Sleep (Kış Uykusu), Nuri Bilge Ceylan

2013 Blue is the Warmest Colour (La Vie d'Adèle: Chapitres 1 et 2), Abdellatif Kechiche, Adele Exarchopoulos and Lea Seydoux

2012 Amour, Michael Haneke

2011 The Tree of LifeTerrence Malick

2010 Uncle Boonmee Who Can Recall His Past Lives (Lung Bunmi Raluek Chat), Apichatpong Weerasethakul

2009 The White Ribbon (Eine deutsche Kindergeschichte), Michael Haneke

2008 The Class (Entre les murs), Laurent Cantet

MATCH INFO

Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid

When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid

The%C2%A0specs%20
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E3.5-litre%2C%20twin-turbo%20V6%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E10-speed%20auto%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E410hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E495Nm%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3Estarts%20from%20Dh495%2C000%20(Dh610%2C000%20for%20the%20F-Sport%20launch%20edition%20tested)%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Enow%3C%2Fp%3E%0A
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

How Sputnik V works
Winners

Ballon d’Or (Men’s)
Ousmane Dembélé (Paris Saint-Germain / France)

Ballon d’Or Féminin (Women’s)
Aitana Bonmatí (Barcelona / Spain)

Kopa Trophy (Best player under 21 – Men’s)
Lamine Yamal (Barcelona / Spain)

Best Young Women’s Player
Vicky López (Barcelona / Spain)

Yashin Trophy (Best Goalkeeper – Men’s)
Gianluigi Donnarumma (Paris Saint-Germain and Manchester City / Italy)

Best Women’s Goalkeeper
Hannah Hampton (England / Aston Villa and Chelsea)

Men’s Coach of the Year
Luis Enrique (Paris Saint-Germain)

Women’s Coach of the Year
Sarina Wiegman (England)

Maestro
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EBradley%20Cooper%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3EBradley%20Cooper%2C%20Carey%20Mulligan%2C%20Maya%20Hawke%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A

Name: Peter Dicce

Title: Assistant dean of students and director of athletics

Favourite sport: soccer

Favourite team: Bayern Munich

Favourite player: Franz Beckenbauer

Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates 

 

The specs

Engine: 2.0-litre 4-cyl

Power: 153hp at 6,000rpm

Torque: 200Nm at 4,000rpm

Transmission: 6-speed auto

Price: Dh99,000

On sale: now

Skewed figures

In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458. 

Updated: April 08, 2022, 12:02 PM