Over the course of the now weeks long Qatar crisis, the quartet of nations has maintained a consistent voice. For all the protests and misplaced outrage that has emanated from Doha, the UAE, Saudi Arabia, Egypt and Bahrain have articulated, in the clearest possible terms, that the funding of terrorism and extremism by Qatar lies at the heart of this dispute.
As Anwar Gargash, the UAE's Minister of State for Foreign Affairs, told a London audience last week, Qatar has supported “the cause of jihadism across the Middle East” for far too long. The only way for the crisis to end, the quartet have said time and again, is for Qatar to demonstrate that it is willing to negotiate and show a serious commitment to ending its reckless campaign of funding terrorism.
Much will be made of the speech and decree that Doha delivered one after the other this weekend. First, Qatar announced it would correct its anti-terrorism law. The sweeping legislative amendment included alterations to the definition of terrorists, crimes, terror acts and entities, the creation of a terror list of individuals and organisations and the freezing of funding for such activities. The rule change also allows individuals the right to challenge such a designation.
Separately, Sheikh Tamim bin Hamad Al Thani, Qatar’s ruler, indicated that he was now willing to negotiate with the quartet of nations and that he was not afraid of correcting “our error”. Dr Gargash described the decrees as a “step in the right direction”.
The minister’s words were both deliberate and instructive. This is a step, no more than that. It is vindication for the quartet, because Qatar is beginning to fully understand the severity of the situation and, indeed, the willingness of the four nations to continue with the present action until Doha reforms its ways. But recognition of an error is one thing, a willingness to avoid repeating the same mistake again is another.
Qatar must now back words with actions. Trust in it is at an all-time low. Doha has, after all, acted against the greater good of the region for far too long. The decree suggests Qatar wants to follow a more constructive path, but implementation now becomes key. Severed ties will not be restored until the decree delivers.
Sheikh Tamim will now have to lay out how the verification and implementation process will work, otherwise the amendment will be little more than an elaborate piece of window dressing. He will also have to understand that future dialogue must be focused on how Qatar intends to restore trust and on how Doha will stop funding extremism. The events of the weekend were a small step. Giant leaps will follow, but only if Qatar’s emir comprehends the gravity of the situation.
COMPANY PROFILE
Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed
COMPANY%20PROFILE
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Basquiat in Abu Dhabi
One of Basquiat’s paintings, the vibrant Cabra (1981–82), now hangs in Louvre Abu Dhabi temporarily, on loan from the Guggenheim Abu Dhabi.
The latter museum is not open physically, but has assembled a collection and puts together a series of events called Talking Art, such as this discussion, moderated by writer Chaedria LaBouvier.
It's something of a Basquiat season in Abu Dhabi at the moment. Last week, The Radiant Child, a documentary on Basquiat was shown at Manarat Al Saadiyat, and tonight (April 18) the Guggenheim Abu Dhabi is throwing the re-creation of a party tonight, of the legendary Canal Zone party thrown in 1979, which epitomised the collaborative scene of the time. It was at Canal Zone that Basquiat met prominent members of the art world and moved from unknown graffiti artist into someone in the spotlight.
“We’ve invited local resident arists, we’ll have spray cans at the ready,” says curator Maisa Al Qassemi of the Guggenheim Abu Dhabi.
Guggenheim Abu Dhabi's Canal Zone Remix is at Manarat Al Saadiyat, Thursday April 18, from 8pm. Free entry to all. Basquiat's Cabra is on view at Louvre Abu Dhabi until October
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5
MATCH SCHEDULE
Uefa Champions League semi-final, first leg
Tuesday, April 24 (10.45pm)
Liverpool v Roma
Wednesday, April 25
Bayern Munich v Real Madrid (10.45pm)
Europa League semi-final, first leg
Thursday, April 26
Arsenal v Atletico Madrid (11.05pm)
Marseille v Salzburg (11.05pm)
Citadel: Honey Bunny first episode
Directors: Raj & DK
Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon
Rating: 4/5
The biog
Hometown: Cairo
Age: 37
Favourite TV series: The Handmaid’s Tale, Black Mirror
Favourite anime series: Death Note, One Piece and Hellsing
Favourite book: Designing Brand Identity, Fifth Edition
First Person
Richard Flanagan
Chatto & Windus
Blonde
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COMPANY%20PROFILE%20
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3EAlmouneer%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202017%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Dr%20Noha%20Khater%20and%20Rania%20Kadry%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EEgypt%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%20%3C%2Fstrong%3E120%3Cbr%3E%3Cstrong%3EInvestment%3A%20%3C%2Fstrong%3EBootstrapped%2C%20with%20support%20from%20Insead%20and%20Egyptian%20government%2C%20seed%20round%20of%20%3Cbr%3E%243.6%20million%20led%20by%20Global%20Ventures%3Cbr%3E%3C%2Fp%3E%0A
ETFs explained
Exhchange traded funds are bought and sold like shares, but operate as index-tracking funds, passively following their chosen indices, such as the S&P 500, FTSE 100 and the FTSE All World, plus a vast range of smaller exchanges and commodities, such as gold, silver, copper sugar, coffee and oil.
ETFs have zero upfront fees and annual charges as low as 0.07 per cent a year, which means you get to keep more of your returns, as actively managed funds can charge as much as 1.5 per cent a year.
There are thousands to choose from, with the five biggest providers BlackRock’s iShares range, Vanguard, State Street Global Advisors SPDR ETFs, Deutsche Bank AWM X-trackers and Invesco PowerShares.
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners