French President Emmanuel Macron and British Prime Minister Liz Truss meet on the sidelines of the UN General Assembly in New York on Tuesday. AFP
French President Emmanuel Macron and British Prime Minister Liz Truss meet on the sidelines of the UN General Assembly in New York on Tuesday. AFP
French President Emmanuel Macron and British Prime Minister Liz Truss meet on the sidelines of the UN General Assembly in New York on Tuesday. AFP
French President Emmanuel Macron and British Prime Minister Liz Truss meet on the sidelines of the UN General Assembly in New York on Tuesday. AFP

Truss and Macron avoid talk on migrant crossings and Northern Ireland


Soraya Ebrahimi
  • English
  • Arabic

UK Prime Minister Liz Truss and French President Emmanuel Macron did not discuss problems with the Northern Ireland Protocol or unauthorised migrant crossings of the English Channel during a meeting on Tuesday.

Downing Street said the two had a “constructive” conversation lasting about 30 minutes at the fringes of the UN General Assembly, but it focused on energy security rather than the two major points of contention.

It was their first meeting since Ms Truss's controversial comments during the Conservative leadership race on whether Mr Macron was “friend or foe”.

Mr Macron reportedly welcomed their conversations on Ukraine and other European issues, saying: “I now believe in proof, in results.

“There is a will to re-engage, to move on and to show that we are allies and friends in a complex world.”

Ms Truss’s official spokesman confirmed they did not discuss the post-Brexit agreement on Northern Ireland or migrant crossings of the English Channel in small boats, which have not abated.

He said the government intended to resolve protocol issues with the EU.

“This is not an issue that necessarily we believe can be solved through one single EU country,” the spokesman said.

Migrant crossings on the English Channel surge amid heatwave - in pictures

  • The number of migrants crossing the English Channel from northern Europe has reached record-breaking figures as people in Britain are experiencing an exceptionally hot summer. PA
    The number of migrants crossing the English Channel from northern Europe has reached record-breaking figures as people in Britain are experiencing an exceptionally hot summer. PA
  • A lady carries a toddler to a bus after a group of people thought to be migrants were brought in to Dover, Kent, on the south-east English coast. PA
    A lady carries a toddler to a bus after a group of people thought to be migrants were brought in to Dover, Kent, on the south-east English coast. PA
  • A group of migrants are brought in to Ramsgate, Kent, on August 1 - the day on which almost 700 migrants crossed the Channel to the UK in a single day, a record for the year so far. PA
    A group of migrants are brought in to Ramsgate, Kent, on August 1 - the day on which almost 700 migrants crossed the Channel to the UK in a single day, a record for the year so far. PA
  • It was only the second time in 2022 that the daily figure has topped 600. PA
    It was only the second time in 2022 that the daily figure has topped 600. PA
  • A woman carries a newborn baby in a life cradle as she is brought in to Dover on a Border Force vessel in July. PA
    A woman carries a newborn baby in a life cradle as she is brought in to Dover on a Border Force vessel in July. PA
  • About 3,683 migrants made the crossing on 90 boats in July, the highest monthly total this year. PA
    About 3,683 migrants made the crossing on 90 boats in July, the highest monthly total this year. PA
  • A warehouse in Dover for boats used by people trying to cross the Channel. PA
    A warehouse in Dover for boats used by people trying to cross the Channel. PA
  • Migrants hold up an inflatable boat before attempting to cross the Channel to Britain, near the northern French city of Gravelines, in July. AFP
    Migrants hold up an inflatable boat before attempting to cross the Channel to Britain, near the northern French city of Gravelines, in July. AFP
  • A police officer stands guard on the beach at Dungeness, England, as migrants get off a lifeboat after they were picked up at sea in June. AFP
    A police officer stands guard on the beach at Dungeness, England, as migrants get off a lifeboat after they were picked up at sea in June. AFP
  • A group of people thought to be migrants walk up the beach after being brought in to Dungeness in May. AP
    A group of people thought to be migrants walk up the beach after being brought in to Dungeness in May. AP
  • Migrants on the beach at Dungeness, after crossing the English Channel in an inflatable dinghy in January. Reuters
    Migrants on the beach at Dungeness, after crossing the English Channel in an inflatable dinghy in January. Reuters

But the spokesman would not say whether she would raise the protocol with European Commission President Ursula von der Leyen on Wednesday.

The White House has said that US President Joe Biden will raise it in his meeting with Ms Truss.

National Security Adviser Jake Sullivan said Mr Biden would “encourage the UK and the European Union to work out a practical outcome that ensures there is no threat to the fundamental principles of the Good Friday Agreement”.

Before her meeting with Mr Macron, Ms Truss had stressed that tackling migrant crossings in small boats was one of the issues the two nations must work on together.

Provisional figures suggest more than 29,700 people have made the perilous journey this year — exceeding last year’s total of 28,526.

“That is one of the issues that we need to work with France in a constructive way on,” Ms Truss said.

But her official spokesman said that the stalled Rwanda policy is the “long-term solution” to crossings after confirming the pair did not discuss the issue.

Liz Truss ready to be 'unpopular' for her economic policies - video

Before the meeting, Ms Truss sought to strike a conciliatory tone, stressing the need to work together on small boats and against Russian President Vladimir Putin’s war in Ukraine.

She sparked a diplomatic row during the Tory leadership contest when she declined to give a clear answer when asked if Mr Macron was a “friend or foe”.

Instead, the then-foreign secretary said last month that the “jury’s out”.

One thing Mr Macron did raise, according to Downing Street, was his idea of forming a European Political Community to include non-EU states such as the UK.

He did not invite Britain to a meeting about the grouping to be held in Prague in October, the spokesman said.

In Search of Mary Shelley: The Girl Who Wrote Frankenstein
By Fiona Sampson
Profile

How to improve Arabic reading in early years

One 45-minute class per week in Standard Arabic is not sufficient

The goal should be for grade 1 and 2 students to become fluent readers

Subjects like technology, social studies, science can be taught in later grades

Grade 1 curricula should include oral instruction in Standard Arabic

First graders must regularly practice individual letters and combinations

Time should be slotted in class to read longer passages in early grades

Improve the appearance of textbooks

Revision of curriculum should be undertaken as per research findings

Conjugations of most common verb forms should be taught

Systematic learning of Standard Arabic grammar

Results

2pm: Serve U – Maiden (TB) Dh60,000 (Dirt) 1,400m; Winner: Violent Justice, Pat Dobbs (jockey), Doug Watson (trainer)

2.30pm: Al Shafar Investment – Conditions (TB) Dh100,000 (D) 1,400m; Winner: Desert Wisdom, Bernardo Pinheiro, Ahmed Al Shemaili

3pm: Commercial Bank of Dubai – Handicap (TB) Dh68,000 (D) 1,200m; Winner: Fawaareq, Sam Hitchcott, Doug Watson

3.30pm: Shadwell – Rated Conditions (TB) Dh100,000 (D) 1,600m; Winner: Down On Da Bayou, Xavier Ziani, Salem bin Ghadayer

4pm: Dubai Real Estate Centre – Maiden (TB) Dh60,000 (D) 1,600m; Winner: Rakeez, Patrick Cosgrave, Bhupat Seemar

4.30pm: Al Redha Insurance Brokers – Handicap (TB) Dh78,000 (D) 1,800m; Winner: Capla Crusader, Bernardo Pinheiro, Rashed Bouresly

The years Ramadan fell in May

1987

1954

1921

1888

MATCH INFO

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

Delhi won the match by 11 runs

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

Lewis Hamilton in 2018

Australia 2nd; Bahrain 3rd; China 4th; Azerbaijan 1st; Spain 1st; Monaco 3rd; Canada 5th; France 1st; Austria DNF; Britain 2nd; Germany 1st; Hungary 1st; Belgium 2nd; Italy 1st; Singapore 1st; Russia 1st; Japan 1st; United States 3rd; Mexico 4th

If you go

The flights
There are various ways of getting to the southern Serengeti in Tanzania from the UAE. The exact route and airstrip depends on your overall trip itinerary and which camp you’re staying at. 
Flydubai flies direct from Dubai to Kilimanjaro International Airport from Dh1,350 return, including taxes; this can be followed by a short flight from Kilimanjaro to the Serengeti with Coastal Aviation from about US$700 (Dh2,500) return, including taxes. Kenya Airways, Emirates and Etihad offer flights via Nairobi or Dar es Salaam.   

Tottenham's 10 biggest transfers (according to transfermarkt.com):

1). Moussa Sissokho - Newcastle United - £30 million (Dh143m): Flop

2). Roberto Soldado - Valencia -  £25m: Flop

3). Erik Lamela - Roma -  £25m: Jury still out

4). Son Heung-min - Bayer Leverkusen -  £25m: Success

5). Darren Bent - Charlton Athletic -  £21m: Flop

6). Vincent Janssen - AZ Alkmaar -  £18m: Flop

7). David Bentley - Blackburn Rovers -  £18m: Flop

8). Luka Modric - Dynamo Zagreb -  £17m: Success

9). Paulinho - Corinthians -  £16m: Flop

10). Mousa Dembele - Fulham -  £16m: Success

Glossary of a stock market revolution

Reddit

A discussion website

Redditor

The users of Reddit

Robinhood

A smartphone app for buying and selling shares

Short seller

Selling a stock today in the belief its price will fall in the future

Short squeeze

Traders forced to buy a stock they are shorting 

Naked short

An illegal practice  

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

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.”

Updated: September 20, 2022, 9:57 PM