Hello from The National and welcome to the View from London – your weekly guide to the big stories from our London bureau
Ceasefire at a crossroads
Foreign Office minister Hamish Falconer has told The National that Israel is in breach of the ceasefire plan promoted by US President Donald Trump. The failure to open crossings, including those from Jordan into the West Bank, means the 20-point plan cannot move on from phase one, he said.
"We're clear that crossings, which were clearly envisaged to be opened under the 20-point plan, remain unopened," he told our correspondent Thomas Harding last night. "That is a vital part of phase one, and we need to see progress on that immediately.”
He was speaking to us a day after he met UAE Minister of State Lana Nusseibeh, with whom he said he had discussed these issues "intensively".
From the London vantage point, he added: “We can't see an overly restrictive approach to aid because that will prevent the necessary materials getting in at the speed required.”
UK Minister for the Middle East Hamish Falconer meets with Minister of State Lana Nusseibeh. Photo: Hamish Falconer / X
Asked about links between the Houthis in Yemen and the Sudanese Armed Forces, he told us of the importance of support for Yemen's Coastguard. Its recent interception of dual-use items is vital at this time.
"Now, I can't tell you where that high-tech equipment that could be used very much for military purposes, to whom it was intended to be delivered, but there clearly is a very significant problem in the area of advanced weaponry travelling across the Red Sea,” he said.
In her short time as Foreign Secretary, Yvette Cooper has made it clear she is “deeply worried” about atrocities in Sudan. She has now been presented with another factor in the conflict, with Iran and the Muslim Brotherhood influencing the refusal of the Sudanese Armed Forces chief to entertain a ceasefire offer.
Ms Cooper is in continual contact with the US, UAE, Egypt and Saudi Arabia to encourage those ceasefire efforts.
Yesterday she spoke with US envoy Massad Boulos about how to bring about "a humanitarian truce to protect civilians and get aid in".
"Sudan needs a global push for peace," she said, before heading to Brussels where she will today attend a meeting of Nato foreign ministers.
She last night launched a global action coalition, warning of an “epidemic of violence” against women in wars, not least in the Sudan conflict.
Yvette Cooper attends meeting of Nato foreign ministers in Brussels. EPA
Efforts to forge a GCC-UK trade deal were in the spotlight at an event to mark the UAE's Eid Al Etihad, formerly known as National Day, in London this week.
Minister of Trade Chris Bryant followed up his recent trip to Dubai with a plea to the UAE to help overcome residual resistance in the talks.
"I'm not going to name the other countries, I'm not going to name individuals that you need to speak to," he said. "But honestly, this has been taking us far too long. I really want us to get this trade deal done, because I think it's in our geostrategic interest.
"It's in our personal interests. It's in the interest of trade. It's in the interest of supporting the rules-based order around the world, which has enabled all of us to prosper."
Mr Bryant said the UAE was the UK's largest regional trading partner, with £25 billion ($33 billion) of bilateral trade in the year ending in June. He also said there were 5,000 British businesses operating in Dubai. He said he had argued for the UAE's accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership at a recent summit of the current members.
Among the British politicians at the 54th Eid Al Etihad commemorations was former deputy prime minister Oliver Dowden, former chancellor of the exchequer Philip Hammond, and former foreign secretary and home secretary James Cleverly, as well as serving parliamentarians.
In Parliament on Wednesday, Mr Dowden asked Mr Falconer, the Middle East minister, to mark Eid Al Etihad by reaffirming the strategic relationship between the two countries.
"They are a key partner," Mr Falconer said of the UAE. "I welcome their investments all over the country and we will take the relationship from strength to strength."
Extreme blockades
I thought I'd relay some stark talk at Oxford Analytica Prospects 2026: Crises, Conflicts and Aftermaths about the resurgence of Islamist extremist groups in Africa.
The capitals of Somalia and Mali are being choked by insurgent groups.
"In Somalia, Al Shabab has been on the rise again, launching attacks in very close proximity to Mogadishu, having prosecuted very successful attacks and putting the army on the back foot," Oxford Analytica's analysts said. "Part of the reason for this being that the government right now is focused on its own internal problems."
Al Qaeda-linked Jamaat Nusrat Al Islam wal Muslim (JNIM) has meanwhile moved to choke off trade into Bamako and to put pressure on the military junta there to erode its political popularity.
"JNIM is definitely going from strength to strength militarily," the panel heard. "Neither of these groups have any intention of trying to seize power in these countries."
The more likely outcome predicted by the experts is a coup, rather than a takeover.
A Syrian-British business delegation made its first trip to Damascus last week, hoping to drum up investment from UK companies in Syria’s devastated economy.
Syria offers a “potentially high-return market”, despite a “challenging and high-risk context”, the new guidelines from the Foreign, Commonwealth and Development Office said.
The lifting of UK sanctions in March was intended to allow for “essential investment” in the country to support Syrians in rebuilding their devastated lives. This included reversing punitive measures on the Central Bank of Syria, the Ministry of Defence in Damascus and other key institutions.
Yet sanctions are still imposed on the export and import of luxury goods, diamonds and gold, although the Foreign Office has advised that individual traders could be eligible for an exemption on these.
What a pity there is no UK embassy there to get into the nitty-gritty of all this. London is unable to give a firm date for the reopening of its embassy in Damascus despite wanting to "normalise" its presence, a minister revealed last night.
Development Minister Jenny Chapman told the House of Lords that the need to ensure the embassy would be “successful and sustainable” was hanging over the process. It was a cautionary tale about severing diplomatic relations with other countries in future.
“The reason we’re so reluctant to withdraw from a country or city is because once you've withdrawn and once you no longer have that embassy, it's very difficult and always takes time to establish that presence,” Ms Chapman said.
Meanwhile, the UK government is relying on aid organisations and the UN to address humanitarian issues in Syria, such as displacement from the civil war and poverty from economic collapse.
“We do work through NGOs and the United Nations, and at the moment that's the right approach to take. We do look forward to a time when we can have a more normalised presence."
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Global state-owned investor ranking by size
1.
United States
2.
China
3.
UAE
4.
Japan
5
Norway
6.
Canada
7.
Singapore
8.
Australia
9.
Saudi Arabia
10.
South Korea
Jetour T1 specs
Engine: 2-litre turbocharged
Power: 254hp
Torque: 390Nm
Price: From Dh126,000
Available: Now
RESULTS
6.30pm: Maiden (TB) Dh 82,500 (Dirt) 1.600m Winner: Miller’s House, Richard Mullen (jockey), Satish Seemar (trainer).
7.05pm: Maiden (TB) Dh 82,500 (D) 2,000m Winner: Kanood, Adrie de Vries, Fawzi Nass.
7.50pm: Handicap (TB) Dh 82,500 (D) 1,600m Winner: Gervais, Sandro Paiva, Ali Rashid Al Raihe.
8.15pm: The Garhoud Sprint Listed (TB) Dh 132,500 (D) 1,200m Winner: Important Mission, Royston Ffrench, Salem bin Ghadayer.
8.50pm: The Entisar Listed (TB) Dh 132,500 (D) 2,000m Winner: Firnas, Xavier Ziani, Salem bin Ghadayer.
9.25pm: Conditions (TB) Dh 120,000 (D) 1,400m Winner: Zhou Storm, Connor Beasley, Ali Rashid Al Raihe.
What vitamins do we know are beneficial for living in the UAE
Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood. Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues. Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity. Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.
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
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Price: From Dh117,059
Citadel: Honey Bunny first episode
Directors: Raj & DK
Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon
The most expensive investment mistake you will ever make
When is the best time to start saving in a pension? The answer is simple – at the earliest possible moment. The first pound, euro, dollar or dirham you invest is the most valuable, as it has so much longer to grow in value. If you start in your twenties, it could be invested for 40 years or more, which means you have decades for compound interest to work its magic.
“You get growth upon growth upon growth, followed by more growth. The earlier you start the process, the more it will all roll up,” says Chris Davies, chartered financial planner at The Fry Group in Dubai.
This table shows how much you would have in your pension at age 65, depending on when you start and how much you pay in (it assumes your investments grow 7 per cent a year after charges and you have no other savings).
Age
$250 a month
$500 a month
$1,000 a month
25
$640,829
$1,281,657
$2,563,315
35
$303,219
$606,439
$1,212,877
45
$131,596
$263,191
$526,382
55
$44,351
$88,702
$177,403
How to apply for a drone permit
Individuals must register on UAE Drone app or website using their UAE Pass
Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
Upload the training certificate from a centre accredited by the GCAA
Submit their request
What are the regulations?
Fly it within visual line of sight
Never over populated areas
Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
Users must avoid flying over restricted areas listed on the UAE Drone app
Only fly the drone during the day, and never at night
Should have a live feed of the drone flight
Drones must weigh 5 kg or less
The finalists
Player of the Century, 2001-2020: Cristiano Ronaldo (Juventus), Lionel Messi (Barcelona), Mohamed Salah (Liverpool), Ronaldinho
Coach of the Century, 2001-2020: Pep Guardiola (Manchester City), Jose Mourinho (Tottenham Hotspur), Zinedine Zidane (Real Madrid), Sir Alex Ferguson
Club of the Century, 2001-2020: Al Ahly (Egypt), Bayern Munich (Germany), Barcelona (Spain), Real Madrid (Spain)
Player of the Year: Cristiano Ronaldo, Lionel Messi, Robert Lewandowski (Bayern Munich)
Club of the Year: Bayern Munich, Liverpool, Real Madrid
Coach of the Year: Gian Piero Gasperini (Atalanta), Hans-Dieter Flick (Bayern Munich), Jurgen Klopp (Liverpool)
Agent of the Century, 2001-2020: Giovanni Branchini, Jorge Mendes, Mino Raiola
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.”
Daily cash awards of $1,000 dollars will sweeten the Madrasa e-learning project by tempting more pupils to an education portal to deepen their understanding of math and sciences.
School children are required to watch an educational video each day and answer a question related to it. They then enter into a raffle draw for the $1,000 prize.
“We are targeting everyone who wants to learn. This will be $1,000 for 1,000 days so there will be a winner every day for 1,000 days,” said Sara Al Nuaimi, project manager of the Madrasa e-learning platform that was launched on Tuesday by the Vice President and Ruler of Dubai, to reach Arab pupils from kindergarten to grade 12 with educational videos.
“The objective of the Madrasa is to become the number one reference for all Arab students in the world. The 5,000 videos we have online is just the beginning, we have big ambitions. Today in the Arab world there are 50 million students. We want to reach everyone who is willing to learn.”
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
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.
