Now that Liz Truss has replaced Boris Johnson as the new Conservative Party leader and UK prime minister, all eyes are on what policies she will offer a country beset by several crises.
After weeks of rudderless politics, Britons are desperate for hope and clarity on how Ms Truss will tackle a strained healthcare system, soaring inflation, successive labour strikes and sky-high energy prices.
Despite a domestically focused administration, there are indicators that the UK's approach to the Middle East will change
As the former foreign minister knows all too well, the outside world will also be looking to see how the leader of “global Britain” sets out her international relations agenda.
The director of the Middle East and North Africa programme at Chatham House in London, Lina Khatib, said the interconnectedness of the region and Britain’s economic interests showed why the UK “must not compartmentalise its approach to the Middle East". The country should also adopt a revised approach that would “give the region the attention it requires”.
“Diplomatic engagement on Iran’s regional role is a key factor in strengthening trust between the UK and its Middle Eastern allies, including in the GCC, which in turn supports the UK’s economic and security priorities,” wrote Ms Khatib following the announcement of Ms Truss’ leadership win.
In search of new trading partners and a boost for the UK economy
Given the financial woes facing the UK, a critical priority will undoubtedly be the protecting of a free trade deal with the six GCC members. This is currently under negotiation and thought to be worth $1.6 billion a year to the UK economy.
Ms Truss, who formerly served as secretary of state for international trade, is expected to remain “just as desirous” to conclude this “trade policy priority”, the Arab British Chamber of Commerce said.
“We can therefore be quite optimistic about the prospects for the development of UK-Arab co-operation under this new administration,” Bandar Reda, chief executive of the ABCC, told The National.
Mr Reda said a successful conclusion of a UK-GCC free trade agreement would have an “impact that resonates” across wider Arab economies that would benefit from strengthened relations with “some of the world’s advanced and dynamic economies.”
UK investors and traders are also keen reap the rewards of new business that comes from the introduction of the “vision strategies” of various Arab countries, said Mr Reda, who used to head up the Saudi commercial attache office to the UK.
“The conditions are highly favourable for bilateral trade and investment between the UK and the Arab countries to flourish,” he told The National.
“We will seek to work together to bring the opportunities in their broadest spectrum to the attention of the UK and Arab business communities."
Crises at home, conflicts abroad
With mounting domestic woes to contend with and Ukrainian defence to support, a Truss government is unlikely to intervene in the continuing Middle East conflicts.
Despite the UK’s characterisation of Iraq and Syria as "post-conflict" and in "crisis", the reality on the ground continues to be violent and destabilising.
In Libya, where the most recent clashes between rival leaders vying for power killed dozens in the capital Tripoli, the country’s long-awaited political and economic stability looks unreachable.
While it was arguably too much foreign intervention in the oil-producing country that exacerbated its current fracture and volatility, competing political players in Tripoli and Benghazi are vying for international support in their bids to assume power.
Libya’s ambassador to the UK told The National that while he does not expect Britain’s existing hands-off approach to change much under Ms Truss’s leadership, his Tripoli-based government would very much like this to change.
“We want a more active, committed and bolder role from the British side towards promoting democracy and development and helping us stand against the projects of the return of totalitarian regimes,” Salah Mrehil said.
Suggesting that the UK would benefit financially from taking an active role in stabilising the country, which is in need of massive infrastructural development, Mr Mrehil said Ms Truss should understand that “the greater the risk, the greater the profits".
“Any country that will contribute a great deal to the stability of Libya will be the first to benefit from achieving stability and development, which will include billions of dollars in investments in the fields of energy, services and infrastructure."
While the UK would be content to see a political solution materialise in Libya — and the financial benefits this would bring — Britain is unlikely to “put in the hard yards to get it”, the Council for Arab British Understanding said.
“I don’t think we will do anything on Syria either, but that has been the case for years, and I don’t see anything being done in Lebanon either or Yemen,” the council's director Chris Doyle told The National.
As for the Middle East’s most enduring conflict, Mr Doyle said Ms Truss’s time as foreign secretary showed that she had “no interest in the Israel-Palestine conflict” but was “keen on warm relations with Israel".
“She sees the plight of Palestinians as unhelpful to furthering the UK’s relationship with Israel,” said Mr Doyle, who was critical of the "lip-service" paid to questions around human rights.
During her leadership bid, Ms Truss controversially suggested she would review moving the UK’s embassy from Tel Aviv to Jerusalem, showing that “she is prepared take an arsonist's approach if it will advance warm relations,” Mr Doyle said.
Ms Truss failed to condemn Israeli violence and human rights abuses against Palestinians while foreign secretary. She also did not call for an investigation into the Israeli killing of veteran Palestinian journalist Shireen Abu Akleh and advocated Israel’s "right to defend itself" during its assault on Gaza in August. As such, she is unlikely to adopt a more critical approach as prime minister.
“Along with the BBC — arguably our biggest soft power — also at risk of being eroded, I think she will ultimately burn away whatever is left of the British reputation in the Middle East,” Mr Doyle said.
What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
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
Company%20profile
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How to watch Ireland v Pakistan in UAE
When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.
COMPANY PROFILE
Company name: SimpliFi
Started: August 2021
Founder: Ali Sattar
Based: UAE
Industry: Finance, technology
Investors: 4DX, Rally Cap, Raed, Global Founders, Sukna and individuals
David Haye record
Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4
Jewel of the Expo 2020
252 projectors installed on Al Wasl dome
13.6km of steel used in the structure that makes it equal in length to 16 Burj Khalifas
550 tonnes of moulded steel were raised last year to cap the dome
724,000 cubic metres is the space it encloses
Stands taller than the leaning tower of Pisa
Steel trellis dome is one of the largest single structures on site
The size of 16 tennis courts and weighs as much as 500 elephants
Al Wasl means connection in Arabic
World’s largest 360-degree projection surface
Tewellah by Nawal Zoghbi is out now.
RESULT
Arsenal 2
Sokratis Papastathopoulos 45 4'
Eddie Ntkeiah 51'
Portsmouth 0
UAE currency: the story behind the money in your pockets
Age 26
Born May 17, 1991
Height 1.80 metres
Birthplace Sydney, Australia
Residence Eastbourne, England
Plays Right-handed
WTA titles 3
Prize money US$5,761,870 (Dh21,162,343.75)
Wins / losses 312 / 181
Building boom turning to bust as Turkey's economy slows
Deep in a provincial region of northwestern Turkey, it looks like a mirage - hundreds of luxury houses built in neat rows, their pointed towers somewhere between French chateau and Disney castle.
Meant to provide luxurious accommodations for foreign buyers, the houses are however standing empty in what is anything but a fairytale for their investors.
The ambitious development has been hit by regional turmoil as well as the slump in the Turkish construction industry - a key sector - as the country's economy heads towards what could be a hard landing in an intensifying downturn.
After a long period of solid growth, Turkey's economy contracted 1.1 per cent in the third quarter, and many economists expect it will enter into recession this year.
The country has been hit by high inflation and a currency crisis in August. The lira lost 28 per cent of its value against the dollar in 2018 and markets are still unconvinced by the readiness of the government under President Recep Tayyip Erdogan to tackle underlying economic issues.
The villas close to the town centre of Mudurnu in the Bolu region are intended to resemble European architecture and are part of the Sarot Group's Burj Al Babas project.
But the development of 732 villas and a shopping centre - which began in 2014 - is now in limbo as Sarot Group has sought bankruptcy protection.
It is one of hundreds of Turkish companies that have done so as they seek cover from creditors and to restructure their debts.
The specs
Engine: 1.4-litre 4-cylinder turbo
Power: 180hp at 5,500rpm
Torque: 250Nm at 3,00rpm
Transmission: 5-speed sequential auto
Price: From Dh139,995
On sale: now
Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
ITU Abu Dhabi World Triathlon
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.
Specs
Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request
No.6 Collaborations Project
Ed Sheeran (Atlantic)
Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
Nancy 9 (Hassa Beek)
Nancy Ajram
(In2Musica)
Company Profile
Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million
The%20specs
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The bio
Job: Coder, website designer and chief executive, Trinet solutions
School: Year 8 pupil at Elite English School in Abu Hail, Deira
Role Models: Mark Zuckerberg and Elon Musk
Dream City: San Francisco
Hometown: Dubai
City of birth: Thiruvilla, Kerala
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ABU DHABI CARD
5pm: UAE Martyrs Cup (TB) Conditions; Dh90,000; 2,200m
5.30pm: Wathba Stallions Cup (PA) Handicap; Dh70,000; 1,400m
6pm: UAE Matyrs Trophy (PA) Maiden; Dh80,000; 1,600m
6.30pm: Sheikha Fatima bint Mubarak (IFAHR) Apprentice Championship (PA) Prestige; Dh100,000; 1,600m
7pm: Sheikha Fatima bint Mubarak (IFAHR) Ladies World Championship (PA) Prestige; Dh125,000; 1,600m
8pm: Sheikh Zayed bin Sultan Al Nahyan Jewel Crown (PA) Group 1; Dh5,000,000; 1,600m
Eyasses squad
Charlie Preston (captain) – goal shooter/ goalkeeper (Dubai College)
Arushi Holt (vice-captain) – wing defence / centre (Jumeriah English Speaking School)
Olivia Petricola (vice-captain) – centre / wing attack (Dubai English Speaking College)
Isabel Affley – goalkeeper / goal defence (Dubai English Speaking College)
Jemma Eley – goal attack / wing attack (Dubai College)
Alana Farrell-Morton – centre / wing / defence / wing attack (Nord Anglia International School)
Molly Fuller – goal attack / wing attack (Dubai College)
Caitlin Gowdy – goal defence / wing defence (Dubai English Speaking College)
Noorulain Hussain – goal defence / wing defence (Dubai College)
Zahra Hussain-Gillani – goal defence / goalkeeper (British School Al Khubairat)
Claire Janssen – goal shooter / goal attack (Jumeriah English Speaking School)
Eliza Petricola – wing attack / centre (Dubai English Speaking College)
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
What is a black hole?
1. Black holes are objects whose gravity is so strong not even light can escape their pull
2. They can be created when massive stars collapse under their own weight
3. Large black holes can also be formed when smaller ones collide and merge
4. The biggest black holes lurk at the centre of many galaxies, including our own
5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed