Turkish President Recep Tayyip Erdogan and Saudi Crown Prince Mohammed bin Salman meet in Ankara. Reuters
Turkish President Recep Tayyip Erdogan and Saudi Crown Prince Mohammed bin Salman meet in Ankara. Reuters
Turkish President Recep Tayyip Erdogan and Saudi Crown Prince Mohammed bin Salman meet in Ankara. Reuters
Turkish President Recep Tayyip Erdogan and Saudi Crown Prince Mohammed bin Salman meet in Ankara. Reuters

Middle East stabilises itself in the face of new challenges


Ahmed Maher
  • English
  • Arabic

A flurry of high-profile visits across the region in recent days, with countries mending fences amid official statements about an expanding US-sponsored military alliance, continue to reshape Middle East geopolitics.

The region is buzzing with new diplomatic undertakings and complex geopolitical tension as it eagerly anticipates a visit by US President Joe Biden later this month.

In his first trip to Egypt since 2015, Qatar's Emir Sheikh Tamim was welcomed by President Abdel Fattah El Sisi in Cairo on June 25.

Egyptian President Abdel Fattah El Sisi meets Emir of Qatar Sheikh Tamim at the Presidential Palace in Cairo. EPA
Egyptian President Abdel Fattah El Sisi meets Emir of Qatar Sheikh Tamim at the Presidential Palace in Cairo. EPA

The two Arab leaders met in August last year at a summit in Baghdad. That gathering was also attended by Sheikh Mohammed bin Rashid, UAE Vice President and Ruler of Dubai, and leaders and foreign ministers from Saudi Arabia, Turkey, Kuwait, Jordan and Iran.

“President Abdel Fattah El Sisi affirms that the visit of Emir Tamim embodies the progress witnessed by the Egyptian-Qatari relations,” Egyptian Presidency spokesman Bassam Rady said on his official Facebook account.

On Sunday, Iraqi Prime Minister Mustafa Al Kadhimi visited Tehran, a day after travelling to Jeddah, in a bid to revive talks between Saudi Arabia and Iran.

  • Iraqi Prime Minister Mustafa Al Kadhimi prays by the Kaaba at the Grand Mosque complex in the Saudi Arabian holy city of Makkah, as he performs Umrah. AFP
    Iraqi Prime Minister Mustafa Al Kadhimi prays by the Kaaba at the Grand Mosque complex in the Saudi Arabian holy city of Makkah, as he performs Umrah. AFP
  • Mustafa Al Kadhimi circumambulates the Kaaba at the Grand Mosque. AFP
    Mustafa Al Kadhimi circumambulates the Kaaba at the Grand Mosque. AFP
  • Mustafa Al Kadhimi, surrounded by security forces at the Grand Mosque complex in Makkah. AFP
    Mustafa Al Kadhimi, surrounded by security forces at the Grand Mosque complex in Makkah. AFP
  • Saudi Arabia's Crown Prince Mohammed bin Salman meets Iraqi Prime Minister Mustafa Al Kadhimi, upon his arrival in Jeddah, Saudi Arabia. Reuters
    Saudi Arabia's Crown Prince Mohammed bin Salman meets Iraqi Prime Minister Mustafa Al Kadhimi, upon his arrival in Jeddah, Saudi Arabia. Reuters
  • The two leaders embrace. Reuters
    The two leaders embrace. Reuters
  • Saudi Crown Prince Mohammed bin Salman accompanies Iraqi Prime Minister Mustafa Al Kadhimi, upon his arrival at King Abdulaziz International Airport in Jeddah. Saudi Royal Palace/AP
    Saudi Crown Prince Mohammed bin Salman accompanies Iraqi Prime Minister Mustafa Al Kadhimi, upon his arrival at King Abdulaziz International Airport in Jeddah. Saudi Royal Palace/AP
  • Saudi Crown Prince Mohammed bin Salman meets Iraqi Prime Minister Mustafa Al Kadhimi, in Jeddah. Reuters
    Saudi Crown Prince Mohammed bin Salman meets Iraqi Prime Minister Mustafa Al Kadhimi, in Jeddah. Reuters
  • Saudi Crown Prince Mohammed bin Salman meets Iraqi Prime Minister Mustafa Al Kadhimi, in Jeddah. Reuters
    Saudi Crown Prince Mohammed bin Salman meets Iraqi Prime Minister Mustafa Al Kadhimi, in Jeddah. Reuters
  • Saudi Crown Prince Mohammed bin Salman meets Iraqi Prime Minister Mustafa Al Kadhimi, in Jeddah. Reuters
    Saudi Crown Prince Mohammed bin Salman meets Iraqi Prime Minister Mustafa Al Kadhimi, in Jeddah. Reuters
  • Saudi Crown Prince Mohammed bin Salman meets Iraqi Prime Minister Mustafa Al Kadhimi, in Jeddah. Reuters
    Saudi Crown Prince Mohammed bin Salman meets Iraqi Prime Minister Mustafa Al Kadhimi, in Jeddah. Reuters
  • Saudi Crown Prince Mohammed bin Salman meets Iraqi Prime Minister Mustafa Al Kadhimi, in Jeddah. Saudi Royal Palace / AP
    Saudi Crown Prince Mohammed bin Salman meets Iraqi Prime Minister Mustafa Al Kadhimi, in Jeddah. Saudi Royal Palace / AP
  • Saudi Crown Prince Mohammed bin Salman meets Iraqi Prime Minister Mustafa Al Kadhimi, in Jeddah. Reuters
    Saudi Crown Prince Mohammed bin Salman meets Iraqi Prime Minister Mustafa Al Kadhimi, in Jeddah. Reuters
  • Saudi Crown Prince Mohammed bin Salman meets Iraqi Prime Minister Mustafa Al Kadhimi, in Jeddah. Reuters
    Saudi Crown Prince Mohammed bin Salman meets Iraqi Prime Minister Mustafa Al Kadhimi, in Jeddah. Reuters

On Tuesday, UAE National Security Adviser Sheikh Tahnoun bin Zayed met Qatar's emir in Doha.

It was Sheikh Tahnoun's second visit since Saudi Arabia, the UAE, Bahrain and Egypt ended their dispute with Qatar in January last year. The disagreement had led to a severing of ties with Doha in 2017.

With the world emerging from Covid-19 disruption and entering into a period of economic downturn, while dealing with Russia’s invasion of Ukraine and a global food crisis, as well as a wide variety of national-level political crises, many of the Middle East’s long-standing lines of division are being challenged, says Charles Lister, a senior fellow at the Washington-based Middle East Institute.

“To a large extent, dialogue has taken the place of confrontation — but I’d describe that as exploratory rather than truly transformational at this point,” he told The National.

“One would hope that proliferating lines of dialogue bring a greater sense of calm but there’s no denying that many of the underlying tensions remain. You can’t deal with a deep trauma with Band-Aids, it’ll take a lot longer and deeper engagement to resolve the deeper root causes of regional instability — but a start is a start.”

Last week, Saudi Crown Prince Mohammed bin Salman visited Turkey and was given a warm welcome by President Recep Tayyip Erdogan to “his second country”, Turkish and Saudi Arabian state media reported.

Both nations were "determined to start a new period of co-operation”, the two countries said in a joint statement after the meeting in Ankara. "The talks reflected the depth of the perfect relations."

Prince Mohammed was reciprocating a gesture by Mr Erdogan, who visited Saudi Arabia in April, in a step towards mending fences between the two regional powers.

The visit came six months after the Saudi crown prince held talks with Sheikh Tamim in Doha on his first visit to Qatar since the Gulf crisis began in 2017.

Turkish President Recep Tayyip Erdogan and Saudi Crown Prince Mohammed bin Salman pose for photographers before their meeting in Ankara. EPA
Turkish President Recep Tayyip Erdogan and Saudi Crown Prince Mohammed bin Salman pose for photographers before their meeting in Ankara. EPA

“Sheikh Tamim’s an amazing person,” Prince Mohammed told the US magazine The Atlantic in an interview in March.

Asked about the previous dispute, Prince Mohammed said it was “a fight between brothers” and that the relationship is now “better than ever in history”.

The recent diplomatic activity and multi-leg tours by leaders of Middle East heavyweights are picking up steam to lay the groundwork for Mr Biden's visit to the region, analysts say.

The US president's first stop on the trip from July 13 to July 16 will be Israel, followed by the occupied West Bank before he travels to Saudi Arabia, where he will meet King Salman and Prince Mohammed.

Different allies of the US have different messages to send to Mr Biden, says Dr H A Hellyer, Carnegie Endowment scholar, senior fellow of the Royal United Services Institute in London and the University of Cambridge, and a columnist for The National.

“Particularly in the Gulf, American allies are keen to get reassurances from DC that the latter can be depended on for upholding the regional security architecture, which has relied on America for decades,” he told The National.

“At the same time, I don’t get the impression that GCC [Gulf Cooperation Council] capitals are necessarily going to trust those reassurances if they are forthcoming anyway. Since the Obama administration, there has been a lot of dissatisfaction from these capitals with regards to American support.”

As tension has built in recent years over Tehran's nuclear programme, as well as its missile and drone scheme, Saudi Arabia, the UAE and northern Iraq have come under drone or missile strikes that were claimed by or blamed on Iranian-backed militias in Yemen and Iraq.

The departing Israeli Defence Minister Benny Gantz this month said Israel was building a US-sponsored regional air defence alliance, an effort he suggested could be boosted by Mr Biden's visit.

Mr Gantz unveiled the military partnership at a Knesset hearing on June 20 and said it was already active.

“This programme is already operative and has already enabled the successful interception of Iranian attempts to attack Israel and other countries,” he said.

Mr Gantz did not mention which countries were involved and regional heavyweights have not commented on his statements.

Israel established ties with the UAE, Bahrain and Sudan, as well as re-establishing relations with Morocco, since 2020 in landmark agreements that helped reshape Middle East geopolitics and political alignment.

In March, the leading politicians from the US and the four Arab countries convened in Israel to build commercial and security ties.

The departing Israeli Foreign Minister Yair Lapid last month said the Israeli-hosted summit with Arab partners would become a regular event.

Sheikh Abdullah bin Zayed, Minister of Foreign Affairs and International Co-operation, with, from left, foreign ministers Abdullatif bin Rashid Al Zayani, of Bahrain, Sameh Shoukry of Egypt and Yair Lapid, of Israel, US Secretary of State Antony Blinken and Morocco's Foreign Minister Nasser Bourita at the Negev summit in Sde Boker, Israel. Reuters
Sheikh Abdullah bin Zayed, Minister of Foreign Affairs and International Co-operation, with, from left, foreign ministers Abdullatif bin Rashid Al Zayani, of Bahrain, Sameh Shoukry of Egypt and Yair Lapid, of Israel, US Secretary of State Antony Blinken and Morocco's Foreign Minister Nasser Bourita at the Negev summit in Sde Boker, Israel. Reuters

The pro-US regional players are trying to form new regional alliances and establish a new regional security architecture in anticipation of a continuing reduction of US involvement in the Middle East as the Biden administration is preoccupied with the Russian-Ukraine war and China, and in preparation for dealing with the outcome of Iran’s nuclear negotiations with the US, analysts say.

“The biggest source of tension remains Iran and its nuclear status," said Mr Lister, who is also director of the Countering Terrorism Programme at the Middle East Institute. "With Qatari facilitation, we may still have a glimmer of hope for a new multilateral accord, but without one, all bets are off."

The long-standing standoff between Iran and the US adds another ingredient to the complicated and changing political landscape in the region.

Tweets and official statements made by the Americans and the Iranians on their reasoning behind the stalemate have sputtered down to indirect, unfruitful talks in Qatar this week, with both sides acknowledging that the main EU-sponsored negotiations have faltered but are not dead yet.

“To assert more stability and deterrence into that unpredictable equation would require a more assertive US posture than we’ve seen over the last couple years but with US domestic politics being where they are, that’s far from guaranteed,” said Mr Lister.

A%20MAN%20FROM%20MOTIHARI
%3Cp%3E%3Cstrong%3EAuthor%3A%20%3C%2Fstrong%3EAbdullah%20Khan%0D%3Cbr%3E%3Cstrong%3EPublisher%3A%20%3C%2Fstrong%3EPenguin%20Random%20House%3Cbr%3E%3Cstrong%3EPages%3A%20%3C%2Fstrong%3E304%0D%3Cbr%3E%3Cstrong%3EAvailable%3A%20%3C%2Fstrong%3ENow%0D%3Cbr%3E%3C%2Fp%3E%0A
Results

5.30pm: Maiden (TB) Dh82,500 (Dirt) 1,600m, Winner: Panadol, Mickael Barzalona (jockey), Salem bin Ghadayer (trainer)

6.05pm: Maiden (TB) Dh82,500 (Turf) 1,400m, Winner: Mayehaab, Adrie de Vries, Fawzi Nass

6.40pm: Handicap (TB) Dh85,000 (D) 1,600m, Winner: Monoski, Mickael Barzalona, Salem bin Ghadayer

7.15pm: Handicap (TB) Dh102,500 (T) 1,800m, Winner: Eastern World, Royston Ffrench, Charlie Appleby

7.50pm: Handicap (TB) Dh92,500 (D) 1,200m, Winner: Madkal, Adrie de Vries, Fawzi Nass

8.25pm: Handicap (TB) Dh92,500 (T) 1,200m, Winner: Taneen, Dane O’Neill, Musabah Al Muhairi

What are the GCSE grade equivalents?
 
  • Grade 9 = above an A*
  • Grade 8 = between grades A* and A
  • Grade 7 = grade A
  • Grade 6 = just above a grade B
  • Grade 5 = between grades B and C
  • Grade 4 = grade C
  • Grade 3 = between grades D and E
  • Grade 2 = between grades E and F
  • Grade 1 = between grades F and G
UFC%20FIGHT%20NIGHT%3A%20SAUDI%20ARABIA%20RESULTS
%3Cp%3E%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMain%20card%3Cbr%3EMiddleweight%3A%3C%2Fstrong%3E%0D%3Cbr%3ERobert%20Whittaker%20defeated%20Ikram%20Aliskerov%20via%20knockout%20(Round%201)%0D%3Cbr%3E%3Cstrong%3EHeavyweight%3A%3C%2Fstrong%3E%0D%3Cbr%3EAlexander%20Volkov%20def%20Sergei%20Pavlovich%20via%20unanimous%20decision%0D%3Cbr%3E%3Cstrong%3EMiddleweight%3A%3C%2Fstrong%3E%0D%3Cbr%3EKelvin%20Gastelum%20def%20Daniel%20Rodriguez%20via%20unanimous%20decision%0D%3Cbr%3E%3Cstrong%3EMiddleweight%3A%3C%2Fstrong%3E%0D%3Cbr%3EShara%20Magomedov%20def%20Antonio%20Trocoli%20via%20knockout%20(Round%203)%0D%3Cbr%3E%3Cstrong%3ELight%20heavyweight%3A%3C%2Fstrong%3E%0D%3Cbr%3EVolkan%20Oezdemir%20def%20Johnny%20Walker%20via%20knockout%20(Round%201)%0D%3Cbr%3E%3Cstrong%3EPreliminary%20Card%0D%3Cbr%3ELightweight%3A%3C%2Fstrong%3E%0D%3Cbr%3ENasrat%20Haqparast%20def%20Jared%20Gordon%20via%20split%20decision%0D%3Cbr%3E%3Cstrong%3EFeatherweight%3A%3C%2Fstrong%3E%0D%3Cbr%3EFelipe%20Lima%20def%20Muhammad%20Naimov%20via%20submission%20(Round%203)%0D%3Cbr%3E%3Cstrong%3EWelterweight%3A%3C%2Fstrong%3E%0D%3Cbr%3ERinat%20Fakhretdinov%20defeats%20Nicolas%20Dalby%20via%20split%20decision%0D%3Cbr%3E%3Cstrong%3EBantamweight%3A%3C%2Fstrong%3E%0D%3Cbr%3EMuin%20Gafurov%20def%20Kang%20Kyung-ho%20via%20unanimous%20decision%0D%3Cbr%3E%3Cstrong%3ELight%20heavyweight%3A%3C%2Fstrong%3E%0D%3Cbr%3EMagomed%20Gadzhiyasulov%20def%20Brendson%20Ribeiro%20via%20majority%20decision%0D%3Cbr%3E%3Cstrong%3EBantamweight%3A%3C%2Fstrong%3E%0D%3Cbr%3EChang%20Ho%20Lee%20def%20Xiao%20Long%20via%20split%20decision%3C%2Fp%3E%0A

 

 

FORSPOKEN
%3Cp%3EDeveloper%3A%20Luminous%20Productions%0D%3Cbr%3EPublisher%3A%20Square%20Enix%0D%3Cbr%3EConsole%3A%20PC%2C%20PS5%0D%3Cbr%3ERelease%20date%3A%20January%3C%2Fp%3E%0A
Company%20of%20Heroes%203
%3Cp%3EDeveloper%3A%20Relic%20Entertainment%3Cbr%3EPublisher%3A%20SEGA%3Cbr%3EConsole%3A%20PC%2C%20PS5%2C%20XSX%3Cbr%3ERelease%20date%3A%20February%3C%2Fp%3E%0A
Star%20Wars%20Jedi%3A%20Survivor
%3Cp%3EDeveloper%3A%20Respawn%20Entertainment%0D%3Cbr%3EPublisher%3A%20Electronic%20Arts%0D%3Cbr%3EConsole%3A%20PC%2C%20PS5%2C%20XSX%0D%3Cbr%3ERelease%20date%3A%20March%3C%2Fp%3E%0A
Suicide%20Squad%3A%20Kill%20the%20Justice%20League
%3Cp%3EDeveloper%3A%20Rocksteady%20Studios%0D%3Cbr%3EPublisher%3A%20Warner%20Bros%0D%3Cbr%3EConsole%3A%20PC%2C%20PS5%2C%20XSX%0D%3Cbr%3ERelease%20date%3A%20May%3C%2Fp%3E%0A
Final%20Fantasy%20XVI
%3Cp%3EDeveloper%3A%20Square%20Enix%0D%3Cbr%3EPublisher%3A%20Square%20Enix%0D%3Cbr%3EConsole%3A%20PS5%0D%3Cbr%3ERelease%20date%3A%20June%3C%2Fp%3E%0A
Street%20Fighter%206
%3Cp%3EDeveloper%3A%20Capcom%0D%3Cbr%3EPublisher%3A%20Capcom%0D%3Cbr%3EConsole%3A%20PS5%2C%20XSX%2C%20PC%0D%3Cbr%3ERelease%20date%3A%20June%3C%2Fp%3E%0A
Diablo%20IV
%3Cp%3EDeveloper%3A%20Blizzard%20Entertainment%0D%3Cbr%3EPublisher%3A%20Blizzard%20Entertainment%0D%3Cbr%3EConsole%3A%20PC%2C%20PS5%2C%20XSX%0D%3Cbr%3ERelease%20date%3A%20June%3C%2Fp%3E%0A
Baldur's%20Gate%203
%3Cp%3EDeveloper%3A%20Larian%20Studios%0D%3Cbr%3EPublisher%3A%20Larian%20Studios%0D%3Cbr%3EConsole%3A%20PC%0D%3Cbr%3ERelease%20date%3A%20August%3C%2Fp%3E%0A
The%20Legend%20of%20Zelda%3A%20Tears%20of%20The%20Kingdom
%3Cp%3EDeveloper%3A%20Nintendo%0D%3Cbr%3EPublisher%3A%20Nintendo%0D%3Cbr%3EConsole%3A%20Nintendo%20Switch%0D%3Cbr%3ERelease%20date%3A%20September%3C%2Fp%3E%0A
Marvel's%20Spider-Man%202
%3Cp%3EDeveloper%3A%20Insomniac%20Games%0D%3Cbr%3EPublisher%3A%20PlayStation%0D%3Cbr%3EConsole%3A%20PS5%0D%3Cbr%3ERelease%20date%3A%20Fall%3C%2Fp%3E%0A
Assassin's%20Creed%20Mirage
%3Cp%3EDeveloper%3A%20Ubisoft%0D%3Cbr%3EPublisher%3A%20Ubisoft%0D%3Cbr%3EConsole%3A%20PC%2C%20PS5%2C%20XSX%2C%20Amazon%20Luna%0D%3Cbr%3ERelease%20date%3A%202023%3C%2Fp%3E%0A
Starfield
%3Cp%3EDeveloper%3A%20Bethesda%20Game%20Studios%0D%3Cbr%3EPublisher%3A%20Bethesda%20Softworks%0D%3Cbr%3EConsole%3A%20PC%2C%20Xbox%0D%3Cbr%3ERelease%20date%3A%202023%3C%2Fp%3E%0A
UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

The specs

Engine: 4.0-litre V8 twin-turbocharged and three electric motors

Power: Combined output 920hp

Torque: 730Nm at 4,000-7,000rpm

Transmission: 8-speed dual-clutch automatic

Fuel consumption: 11.2L/100km

On sale: Now, deliveries expected later in 2025

Price: expected to start at Dh1,432,000

WWE TLC results

Asuka won the SmackDown Women's title in a TLC triple threat with Becky Lynch and Charlotte Flair

Dean Ambrose won the Intercontinental title against Seth Rollins

Daniel Bryan retained the WWE World Heavyweight Championship against AJ Styles

Ronda Rousey retained the Raw Women's Championship against Nia Jax

Rey Mysterio beat Randy Orton in a chairs match

Finn Balor defeated Drew McIntyre

Natalya beat Ruby Riott in a tables match

Braun Strowman beat Baron Corbin in a TLC match

Sheamus and Cesaro retained the SmackDown Tag Titles against The Usos and New Day

R-Truth and Carmella won the Mixed Match Challenge by beating Jinder Mahal and Alicia Fox

The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet

Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20OneOrder%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20March%202022%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Tamer%20Amer%20and%20Karim%20Maurice%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Cairo%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%20%3C%2Fstrong%3E82%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Series%20A%3C%2Fp%3E%0A
FULL%20RESULTS
%3Cp%3E%3Cstrong%3EMiddleweight%20%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3EEslam%20Syaha%20(EGY)%20bt%20Robin%20Roos%20(SWE)%20%0D%3Cbr%3E%3Cstrong%3E%0D%3Cbr%3EWelterweight%20%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3EAlex%20da%20Silva%20(BRA)%20bt%20Bagyash%20Zharmamatov%20(KGZ)%20%0D%3Cbr%3EMurodov%20Samandar%20(TJK)%20bt%20Lucas%20Sampaio%20(BRA)%20%0D%3Cbr%3EShakhban%20Alkhasov%20(RUS)%20bt%20Salamat%20Orozakunov%20(KGZ)%0D%3Cbr%3EKhotamjon%20Boynazarov%20(UZB)%20bt%20Mikail%20Bayram%20(FRA)%20%0D%3Cbr%3E%0D%3Cbr%3E%3Cstrong%3EBantamweight%20%3C%2Fstrong%3E%0D%3Cbr%3EJieleyisi%20Baergeng%20(CHN)%20bt%20Xavier%20Alaoui%20(CAN)%20%0D%3Cbr%3E%0D%3Cbr%3E%3Cstrong%3EFlyweight%20%3C%2Fstrong%3E%0D%3Cbr%3ERashid%20Vagabov%20(RUS)%20bt%20Lun%20Qui%20(CHN)%20%0D%3Cbr%3EYamato%20Fujita%20(JPN)%20bt%20Furkatbek%20Yokubov%20(UZB)%20%0D%3Cbr%3EAaron%20Aby%20(WLS)%20bt%20Joevincent%20So%20(PHI)%20%0D%3Cbr%3E%0D%3Cbr%3E%3Cstrong%3ECatchweight%20176lb%20%3C%2Fstrong%3E%0D%3Cbr%3EMark%20Hulm%20(RSA)%20bt%20Erkin%20Darmenov%20(KAZ)%20%0D%3Cbr%3E%0D%3Cbr%3E%3Cstrong%3ECatchweight%20160lb%20%3C%2Fstrong%3E%0D%3Cbr%3ERustam%20Serbiev%20(BEL)%20bt%20Anar%20Huseyinov%20(AZE)%20%0D%3Cbr%3E%0D%3Cbr%3E%3Cstrong%3ECatchweight%20150lb%20%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3EIslam%20Reda%20(EGY)%20bt%20Ernie%20Braca%20(PHI)%0D%3Cbr%3E%0D%3Cbr%3E%3Cstrong%3EFlyweight%20(women)%3C%2Fstrong%3E%20%0D%3Cbr%3EBaktygul%20Kurmanbekova%20(KGZ)%20bt%20Maria%20Eugenia%20Zbrun%20(ARG)%20%0D%3Cbr%3E%3C%2Fp%3E%0A
The specs

Engine: Dual 180kW and 300kW front and rear motors

Power: 480kW

Torque: 850Nm

Transmission: Single-speed automatic

Price: From Dh359,900 ($98,000)

On sale: Now

The Sand Castle

Director: Matty Brown

Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

Rating: 2.5/5

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.”

Quick%20facts
%3Cul%3E%0A%3Cli%3EStorstockholms%20Lokaltrafik%20(SL)%20offers%20free%20guided%20tours%20of%20art%20in%20the%20metro%20and%20at%20the%20stations%3C%2Fli%3E%0A%3Cli%3EThe%20tours%20are%20free%20of%20charge%3B%20all%20you%20need%20is%20a%20valid%20SL%20ticket%2C%20for%20which%20a%20single%20journey%20(valid%20for%2075%20minutes)%20costs%2039%20Swedish%20krone%20(%243.75)%3C%2Fli%3E%0A%3Cli%3ETravel%20cards%20for%20unlimited%20journeys%20are%20priced%20at%20165%20Swedish%20krone%20for%2024%20hours%3C%2Fli%3E%0A%3Cli%3EAvoid%20rush%20hour%20%E2%80%93%20between%209.30%20am%20and%204.30%20pm%20%E2%80%93%20to%20explore%20the%20artwork%20at%20leisure%3C%2Fli%3E%0A%3C%2Ful%3E%0A
EA Sports FC 26

Publisher: EA Sports

Consoles: PC, PlayStation 4/5, Xbox Series X/S

Rating: 3/5

Queen

Nicki Minaj

(Young Money/Cash Money)

MATCH INFO

Uefa Champions League, last 16, first leg

Ajax v Real Madrid, midnight (Thursday), BeIN Sports

UAE tour of Zimbabwe

All matches in Bulawayo
Friday, Sept 26 – UAE won by 36 runs
Sunday, Sept 28 – Second ODI
Tuesday, Sept 30 – Third ODI
Thursday, Oct 2 – Fourth ODI
Sunday, Oct 5 – First T20I
Monday, Oct 6 – Second T20I

Silent Hill f

Publisher: Konami

Platforms: PlayStation 5, Xbox Series X/S, PC

Rating: 4.5/5

Find the right policy for you

Don’t wait until the week you fly to sign up for insurance – get it when you book your trip. Insurance covers you for cancellation and anything else that can go wrong before you leave.

Some insurers, such as World Nomads, allow you to book once you are travelling – but, as Mr Mohammed found out, pre-existing medical conditions are not covered.

Check your credit card before booking insurance to see if you have any travel insurance as a benefit – most UAE banks, such as Emirates NBD, First Abu Dhabi Bank and Abu Dhabi Islamic Bank, have cards that throw in insurance as part of their package. But read the fine print – they may only cover emergencies while you’re travelling, not cancellation before a trip.

Pre-existing medical conditions such as a heart condition, diabetes, epilepsy and even asthma may not be included as standard. Again, check the terms, exclusions and limitations of any insurance carefully.

If you want trip cancellation or curtailment, baggage loss or delay covered, you may need a higher-grade plan, says Ambareen Musa of Souqalmal.com. Decide how much coverage you need for emergency medical expenses or personal liability. Premium insurance packages give up to $1 million (Dh3.7m) in each category, Ms Musa adds.

Don’t wait for days to call your insurer if you need to make a claim. You may be required to notify them within 72 hours. Gather together all receipts, emails and reports to prove that you paid for something, that you didn’t use it and that you did not get reimbursed.

Finally, consider optional extras you may need, says Sarah Pickford of Travel Counsellors, such as a winter sports holiday. Also ensure all individuals can travel independently on that cover, she adds. And remember: “Cheap isn’t necessarily best.”

WISH
%3Cp%3E%3Cstrong%3EDirectors%3A%3C%2Fstrong%3E%20Chris%20Buck%2C%20Fawn%20Veerasunthorn%3Cbr%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Ariana%20DeBose%2C%20Chris%20Pine%2C%20Alan%20Tudyk%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203.5%2F5%3C%2Fp%3E%0A
THE BIO

Favourite book: ‘Purpose Driven Life’ by Rick Warren

Favourite travel destination: Switzerland

Hobbies: Travelling and following motivational speeches and speakers

Favourite place in UAE: Dubai Museum

Updated: July 04, 2022, 6:57 PM