'This reflects our belief in the Abraham Accords and normalisation agreements are large and helped to achieve a more peaceful and prosperous Middle East,' a senior US administration official said. Victor Besa /The National
'This reflects our belief in the Abraham Accords and normalisation agreements are large and helped to achieve a more peaceful and prosperous Middle East,' a senior US administration official said. Victor Besa /The National
'This reflects our belief in the Abraham Accords and normalisation agreements are large and helped to achieve a more peaceful and prosperous Middle East,' a senior US administration official said. Victor Besa /The National
'This reflects our belief in the Abraham Accords and normalisation agreements are large and helped to achieve a more peaceful and prosperous Middle East,' a senior US administration official said. Vic

UAE, Israel and US to launch religion and energy working groups


Bryant Harris
  • English
  • Arabic

The UAE, Israel and the US will launch two trilateral working groups focused on religious co-existence as well as water and energy issues, the US State Department announced on Tuesday.

The groups will be launched on Wednesday following a meeting in Washington between Sheikh Abdullah bin Zayed, Minister of Foreign Affairs and International Co-operation, and his Israeli and American counterparts, Yair Lapid and Antony Blinken.

“This reflects our belief in the Abraham Accords and normalisation agreements are large and helped to achieve a more peaceful and prosperous Middle East,” a senior US administration official told reporters on a call previewing the trilateral meeting.

“These working groups will seek to realise that promise to link up to important US partners in the region and find new ways to solve old problems together in Israel, in the UAE, but also across the region and beyond to the benefit of US, Israeli and Emirati interests.”

The senior US official said Mr Blinken intends to thank Sheikh Abdullah for the UAE’s assistance during the removal of US citizens and visa holders from Afghanistan.

“Simply put, support for this effort is critical to our operations and we remain deeply grateful for their humanitarian efforts and compassion,” the official said.

Additionally, the senior US official said that Sheikh Abdullah and Mr Blinken will “discuss perspectives on achieving a sustainable ceasefire” in Yemen.

The two will also discuss Syria and the need to secure the “urgent implementation of reforms” in Lebanon to help ensure the country’s security.

Before the trilateral meeting, Mr Lapid made the rounds in Washington on Tuesday for separate discussions with Vice President Kamala Harris, House Speaker Nancy Pelosi and National Security Adviser Jake Sullivan.

National Security Council spokeswoman Emily Horne said Mr Lapid and Mr Sullivan “discussed deepening Israel’s relationships with the United Arab Emirates, Bahrain and Morocco".

She said they also “discussed the current situation in Gaza, and Mr Sullivan emphasised the importance of practical steps to improve the lives of the Palestinians".

The senior administration official told The National that Republicans in Congress had released a months-long hold “some weeks ago” on $75 million in economic and development funding for the West Bank and Gaza Strip.

James Risch and Mike McCaul first instated the hold on the $75m hold in April after President Joe Biden’s administration announced in April it would resume $235m in Palestinian aid halted under former president Donald Trump.

Mr Lapid and Mr Blinken will also discuss the additional $1 billion in funding for the Iron Dome missile defence programme that Israel has requested from the US.

The House of Representatives voted 420-9 to appropriate the additional $1bn for Israel last month and the bill is expected to pass the Senate easily as well.

Both Israel and the Biden administration say the funding is meant to replenish the Iron Dome batteries depleted during Israel’s latest war against Hamas in May, which killed at least 243 Palestinians and 12 Israelis while devastating the Gaza Strip.

But the $1bn funding request represents a 60 per cent increase over the $1.7bn in total funding that the US has provided in Iron Dome funding over the past decade.

Asked by The National whether the additional Iron Dome funding would be used for purposes other than replenishing batteries, the senior administration official simply reiterated the US commitment to the missile defence programme without clarifying the high cost.

“We are committed to Iron Dome funding,” the senior US official told The National.

“We remain committed to Israel’s qualitative military edge.”

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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.

THREE POSSIBLE REPLACEMENTS

Khalfan Mubarak
The Al Jazira playmaker has for some time been tipped for stardom within UAE football, with Quique Sanchez Flores, his former manager at Al Ahli, once labelling him a “genius”. He was only 17. Now 23, Mubarak has developed into a crafty supplier of chances, evidenced by his seven assists in six league matches this season. Still to display his class at international level, though.

Rayan Yaslam
The Al Ain attacking midfielder has become a regular starter for his club in the past 15 months. Yaslam, 23, is a tidy and intelligent player, technically proficient with an eye for opening up defences. Developed while alongside Abdulrahman in the Al Ain first-team and has progressed well since manager Zoran Mamic’s arrival. However, made his UAE debut only last December.

Ismail Matar
The Al Wahda forward is revered by teammates and a key contributor to the squad. At 35, his best days are behind him, but Matar is incredibly experienced and an example to his colleagues. His ability to cope with tournament football is a concern, though, despite Matar beginning the season well. Not a like-for-like replacement, although the system could be adjusted to suit.

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Updated: October 12, 2021, 10:14 PM