Russian President Vladimir Putin's decision to put his top general in direct control of the war in Ukraine signals that Moscow is doubling down on its invasion and is unlikely to seek peace talks, Donald Trump's former national security adviser John Bolton said on Thursday.
Russian Defence Minister Sergey Shoigu this week named Chief of the General Staff Valery Gerasimov as overall commander for its “special military operation” in Ukraine.
Mr Bolton, 74, who served under former president Trump from 2018-2019, told The National the move amounted to Mr Putin further raising the stakes in Ukraine instead of signalling any interest in de-escalating.
“The decision to nominate Valery Gerasimov, the chairman of their Joint Chiefs of Staff, is a signal to me that Putin is pushing his chips in towards the centre of the table,” Mr Bolton said.
“This is his guy that he put in charge overall of Russian military forces. Now he's saying, you go in and fix this mess in Ukraine.
“So there's no way Putin can now lay this off on anybody else. As they say, he's got it all on the table right now. And that's another piece of evidence we're not going to have negotiations for him to back away from that.”
Experts have warned that the arrival of Gen Gerasimov in Ukraine's war theatre raises the likelihood of even more aggressive battlefield tactics. He will replace Army Gen Sergei Surovikin, nicknamed “General Armageddon”, who will become his deputy.
Mr Bolton, whom Mr Trump derided as a warmonger that would have started “World War Six” if he'd had his way, famously fell out with his former boss after he was unceremoniously fired via tweet.
They clashed on numerous issues, including Mr Trump's desire to invite the Taliban to Camp David for peace talks and the former president's friendly outreach to North Korea's Kim Jong-un.
Mr Bolton described Mr Trump's criticism of him as “juvenile”. Such is his disdain for the former president that he is weighing running against him in the 2024 presidential elections.
“I'm considering running. And I was prompted to do so because of the comments that Trump made about terminating the constitution so that he could be declared the winner of the 2020 election,” Mr Bolton said, playing down comments made in the British press that he had definitively decided to run.
Mr Trump, who announced his own candidacy in November, last month called for parts of the US Constitution to be “terminated” so he could claim victory in the election that he lost to Joe Biden by seven million votes.
The overall Republican response to the proposal to shred America's founding document amounted to a collective shrug of the shoulders.
“There hasn't been enough of a clear rejection of that among many of the potential Republican candidates,” Mr Bolton said.
He also lashed out at Mr Trump for failing to do enough to support Ukraine before the Russian invasion, referring to his efforts to withhold lethal military aid to Kyiv unless it investigated Mr Biden and his son Hunter, who previously worked for a Ukrainian gas company.
Mr Trump was “consumed with the idea that Ukraine was a corrupt state that was trying to bring him down in the 2020 election”, Mr Bolton said.
“All of this is utterly unrelated to the strategic interests the United States has had since 1945.”
The saga led to the first of two efforts to unseat Mr Trump through impeachment.
Bombing Iran
Mr Bolton, who detailed his time with Mr Trump in his book The Room Where It Happened: A White House Memoir, was a staunch proponent for military intervention in Iraq and Afghanistan.
He continues to advocate regime change in countries with interests seen as hostile to the US and has long pushed for military action against Iran to stop it from acquiring a nuclear weapon.
“The other way to prevent Iran from getting nuclear weapons is to overthrow the regime,” Mr Bolton said.
“I think, and have thought for 20 years, it should be declared American policy that we want a new government, hopefully one that's elected by the people.”
An ongoing, nationwide protest movement across Iran began in September following the death of Mahsa Amini, a 22 year-old Iranian-Kurdish woman who died in morality police custody after wearing her hijab “inappropriately”.
“The ayatollahs are in their weakest position since the Islamic Revolution in 1979. When you put it on top of the widespread economic dissatisfaction, this is now not in dispute about a dress code,” Mr Bolton said.
“This is a direct ideological attack on the legitimacy of the Ayatollah … I'm not saying the regime is going to fall tomorrow, but I think it's gravely weakened at this point.”
Asked if he still thought the US or Israel should bomb Iran to prevent it from getting a nuclear weapon, Mr Bolton said they should if there were no alternative.
“If they're getting close [to building a nuclear bomb] and there's no other alternative, for the safety of innocent American citizens, innocent civilians all around the world, yes, I would I would use military force against their nuclear weapons programme.”
In Washington, the doctrine of “regime change” that was the guiding star for the George W Bush administration has been dropped in most policy circles after the costly conflicts in Iraq and Afghanistan.
Mr Bolton, though, is unrepentant.
“Not for me,” he said when asked if he thought the concept of regime change had fallen from favour.
As Iraq prepares to mark 20 years since the US-led invasion, Mr Bolton insisted toppling Saddam Hussein was “fundamentally” valid.
“I acknowledge that the developments after that didn't go particularly well, and in every respect,” he said.
Mr Bolton last year raised eyebrows when he said he helped to plan coups. Asked which ones, exactly, he said only that the US should have done more to support the opposition to Venezuela's former president Hugo Chavez and his successor Nicolas Maduro.
“That was something that I felt was one of our greatest failures,” he said.
“I don't think we did nearly enough to help the opposition in Venezuela and it's one reason why I hope we don't miss the opportunity to help the opposition in Iran.
Tree of Hell
Starring: Raed Zeno, Hadi Awada, Dr Mohammad Abdalla
Director: Raed Zeno
Rating: 4/5
Founders: Abdulmajeed Alsukhan, Turki Bin Zarah and Abdulmohsen Albabtain.
Based: Riyadh
Offices: UAE, Vietnam and Germany
Founded: September, 2020
Number of employees: 70
Sector: FinTech, online payment solutions
Funding to date: $116m in two funding rounds
Investors: Checkout.com, Impact46, Vision Ventures, Wealth Well, Seedra, Khwarizmi, Hala Ventures, Nama Ventures and family offices
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Who has lived at The Bishops Avenue?
- George Sainsbury of the supermarket dynasty, sugar magnate William Park Lyle and actress Dame Gracie Fields were residents in the 1930s when the street was only known as ‘Millionaires’ Row’.
- Then came the international super rich, including the last king of Greece, Constantine II, the Sultan of Brunei and Indian steel magnate Lakshmi Mittal who was at one point ranked the third richest person in the world.
- Turkish tycoon Halis Torprak sold his mansion for £50m in 2008 after spending just two days there. The House of Saud sold 10 properties on the road in 2013 for almost £80m.
- Other residents have included Iraqi businessman Nemir Kirdar, singer Ariana Grande, holiday camp impresario Sir Billy Butlin, businessman Asil Nadir, Paul McCartney’s former wife Heather Mills.
Hunting park to luxury living
- Land was originally the Bishop of London's hunting park, hence the name
- The road was laid out in the mid 19th Century, meandering through woodland and farmland
- Its earliest houses at the turn of the 20th Century were substantial detached properties with extensive grounds
Tales of Yusuf Tadros
Adel Esmat (translated by Mandy McClure)
Hoopoe
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The details
Colette
Director: Wash Westmoreland
Starring: Keira Knightley, Dominic West
Our take: 3/5
Test
Director: S Sashikanth
Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan
Star rating: 2/5
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.”
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
Teachers' pay - what you need to know
Pay varies significantly depending on the school, its rating and the curriculum. Here's a rough guide as of January 2021:
- top end schools tend to pay Dh16,000-17,000 a month - plus a monthly housing allowance of up to Dh6,000. These tend to be British curriculum schools rated 'outstanding' or 'very good', followed by American schools
- average salary across curriculums and skill levels is about Dh10,000, recruiters say
- it is becoming more common for schools to provide accommodation, sometimes in an apartment block with other teachers, rather than hand teachers a cash housing allowance
- some strong performing schools have cut back on salaries since the pandemic began, sometimes offering Dh16,000 including the housing allowance, which reflects the slump in rental costs, and sheer demand for jobs
- maths and science teachers are most in demand and some schools will pay up to Dh3,000 more than other teachers in recognition of their technical skills
- at the other end of the market, teachers in some Indian schools, where fees are lower and competition among applicants is intense, can be paid as low as Dh3,000 per month
- in Indian schools, it has also become common for teachers to share residential accommodation, living in a block with colleagues
Winners
Best Men's Player of the Year: Kylian Mbappe (PSG)
Maradona Award for Best Goal Scorer of the Year: Robert Lewandowski (Bayern Munich)
TikTok Fans’ Player of the Year: Robert Lewandowski
Top Goal Scorer of All Time: Cristiano Ronaldo (Manchester United)
Best Women's Player of the Year: Alexia Putellas (Barcelona)
Best Men's Club of the Year: Chelsea
Best Women's Club of the Year: Barcelona
Best Defender of the Year: Leonardo Bonucci (Juventus/Italy)
Best Goalkeeper of the Year: Gianluigi Donnarumma (PSG/Italy)
Best Coach of the Year: Roberto Mancini (Italy)
Best National Team of the Year: Italy
Best Agent of the Year: Federico Pastorello
Best Sporting Director of the Year: Txiki Begiristain (Manchester City)
Player Career Award: Ronaldinho
'Cheb%20Khaled'
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