US Secretary of State Pompeo 'hopeful' more Arab states will establish ties with Israel


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Mike Pompeo arrived in Israel on Monday and expressed hope that more Arab states would establish ties with the country.

"I'm very hopeful that we will see other Arab nations join in this," he said in Jerusalem, standing next to Israeli Prime Minister Benjamin Netanyahu.

Mr Netanyahu said the deal with the Emirates, brokered by US President Donald Trump, "was a boon to peace and regional stability".

"I think it heralds a new era where we could have other nations join," he added. "I hope we'll have good news in the future, maybe in the near future."

Mr Pompeo spoke of the opportunity awaiting future partners "to work alongside, to recognise the State of Israel".

The US secretary of state is on the first leg of his Middle East visit to press the momentum of the Trump administration’s Arab-Israeli peace push.

Mr Pompeo met Mr Netanyahu at his office in Jerusalem and the two discussed the recently announced historic agreement between Israel and the UAE, brokered by Washington, to establish diplomatic ties. The two were expected to also discuss Iran and China.

The agreement delivered a key foreign policy victory to President Donald Trump as he seeks re-election.

This month, the US, Israel and the UAE announced the peace accord to pave the way for full diplomatic relations.

The accord requires Israel to freeze its plans to annex parts of the occupied West Bank sought by the Palestinians as part of their future state.

Later in the trip, Mr Pompeo was to meet with Mr Netanyahu’s partner in the government and Defence Minister Benny Gantz, and Foreign Minister Gabi Ashkenazi.

US Secretary of State Mike Pompeo is on a Middle East tour. Reuters
US Secretary of State Mike Pompeo is on a Middle East tour. Reuters

Mr Pompeo is also due to visit Sudan, the UAE and Bahrain, with additional stops in the Gulf possible, the State Department said.

In Sudan, the secretary of state said he would push for “deepening Sudan-Israel relationship”.

Before Mr Pompeo’s arrival, the Israeli military said it struck militant targets in the Gaza Strip early on Monday, in response to incendiary balloons launched into Israel the day before.

It was the latest exchange as tension between the two sides intensified in recent weeks.

The army said it bombed “military posts and an underground infrastructure” belonging to Hamas, the Palestinian militant group that rules Gaza.

There were no immediate reports of casualties.

Militants affiliated with Hamas have launched scores of incendiary balloons into southern Israel in recent weeks, causing extensive damage to farmland.

They are trying to pressure Israel into easing the blockade imposed since Hamas took control of the territory in 2007.

On Friday, Palestinian militants launched 12 rockets at Israel, nine of which were intercepted, in the largest outbreak of violence in recent months.

Israel has responded to the balloons and sporadic rocket fire with air strikes on militant positions.

Israel and Hamas have fought three wars and smaller skirmishes in the past 13 years.

Last week Egyptian mediators tried to ease tension and bolster the informal truce between Israel and Hamas that has largely held since the 2014 war in Gaza.

The rules on fostering in the UAE

A foster couple or family must:

  • be Muslim, Emirati and be residing in the UAE
  • not be younger than 25 years old
  • not have been convicted of offences or crimes involving moral turpitude
  • be free of infectious diseases or psychological and mental disorders
  • have the ability to support its members and the foster child financially
  • undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
  • A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially
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  • AI ambassadors such as MIT economist Simon Johnson, Monzo cofounder Tom Blomfield and Google DeepMind’s Raia Hadsell
  • £10bn AI growth zone in South Wales to create 5,000 jobs
  • £100m of government support for startups building AI hardware products
  • £250m to train new AI models
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Day 3 stumps

New Zealand 153 & 249
Pakistan 227 & 37-0 (target 176)

Pakistan require another 139 runs with 10 wickets remaining

ESSENTIALS

The flights 
Fly Etihad or Emirates from the UAE to Moscow from 2,763 return per person return including taxes. 
Where to stay 
Trips on the Golden Eagle Trans-Siberian cost from US$16,995 (Dh62,414) per person, based on two sharing.

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Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

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Director: Clint Eastwood

Stars: Clint Eastwood, Dwight Yoakam

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Manchester United's summer dealings

In

Victor Lindelof (Benfica) £30.7 million

Romelu Lukaku (Everton)  £75 million

Nemanja Matic (Chelsea)  £40 million

 

Out

Zlatan Ibrahimovic Released

Wayne Rooney (Everton) Free transfer

Adnan Januzaj (Real Sociedad) £9.8 million

 

 

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.

Countries recognising Palestine

France, UK, Canada, Australia, Portugal, Belgium, Malta, Luxembourg, San Marino and Andorra

 

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UAE currency: the story behind the money in your pockets
Singham Again

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Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone

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Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.

Part three: an affection for classic cars lives on

Read part two: how climate change drove the race for an alternative 

Read part one: how cars came to the UAE

In numbers: China in Dubai

The number of Chinese people living in Dubai: An estimated 200,000

Number of Chinese people in International City: Almost 50,000

Daily visitors to Dragon Mart in 2018/19: 120,000

Daily visitors to Dragon Mart in 2010: 20,000

Percentage increase in visitors in eight years: 500 per cent

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Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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UAE currency: the story behind the money in your pockets
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How to play the stock market recovery in 2021?

If you are looking to build your long-term wealth in 2021 and beyond, the stock market is still the best place to do it as equities powered on despite the pandemic.

Investing in individual stocks is not for everyone and most private investors should stick to mutual funds and ETFs, but there are some thrilling opportunities for those who understand the risks.

Peter Garnry, head of equity strategy at Saxo Bank, says the 20 best-performing US and European stocks have delivered an average return year-to-date of 148 per cent, measured in local currency terms.

Online marketplace Etsy was the best performer with a return of 330.6 per cent, followed by communications software company Sinch (315.4 per cent), online supermarket HelloFresh (232.8 per cent) and fuel cells specialist NEL (191.7 per cent).

Mr Garnry says digital companies benefited from the lockdown, while green energy firms flew as efforts to combat climate change were ramped up, helped in part by the European Union’s green deal. 

Electric car company Tesla would be on the list if it had been part of the S&P 500 Index, but it only joined on December 21. “Tesla has become one of the most valuable companies in the world this year as demand for electric vehicles has grown dramatically,” Mr Garnry says.

By contrast, the 20 worst-performing European stocks fell 54 per cent on average, with European banks hit by the economic fallout from the pandemic, while cruise liners and airline stocks suffered due to travel restrictions.

As demand for energy fell, the oil and gas industry had a tough year, too.

Mr Garnry says the biggest story this year was the “absolute crunch” in so-called value stocks, companies that trade at low valuations compared to their earnings and growth potential.

He says they are “heavily tilted towards financials, miners, energy, utilities and industrials, which have all been hit hard by the Covid-19 pandemic”. “The last year saw these cheap stocks become cheaper and expensive stocks have become more expensive.” 

This has triggered excited talk about the “great value rotation” but Mr Garnry remains sceptical. “We need to see a breakout of interest rates combined with higher inflation before we join the crowd.”

Always remember that past performance is not a guarantee of future returns. Last year’s winners often turn out to be this year’s losers, and vice-versa.