Sectarian divisions threaten Egypt's stability



Egypt must not go down sectarian path

"If you wish to destroy a nation, tear its social fabric apart and paralyse its economy, all you have to do is stoke simmering sectarian sentiments, because these would run like wild fires," the pan-Arab newspaper Al Quds al Arabi said yesterday.

The newspaper was commenting on Sunday's clashes between Christians, Muslims and security forces in Egypt, which left 24 dead and at least 200 injured. The clashes came after an attack last week on a church in southern Egypt, reportedly marking the worst sectarian violence in the country since the beginning of the revolution in January.

Egypt's Christians, the Copts, are angry, the newspaper said. And that is perfectly understandable.

"Indeed, our Coptic brothers have faced a great deal of discrimination and repression under the old regime. They were not free to build churches; they were denied access to senior positions in the police and the army, which is a grave injustice that must no longer be tolerated."

What is also unacceptable is the escalation of clashes with the military at this sensitive juncture in Egypt's history. Most of those killed in the clashes were security forces.

Coptic elders must be quick to come out with a message that favours self-restraint and dialogue, the newspaper said. And the Supreme Council of the Armed Forces, which rules the country, must show patience.

Zionists livid over fair French TV programme

The Jewish lobby in France is furious over the broadcast last week of a television programme by the French public channel, France 2, in which the Palestinian-Israeli conflict and the possibility of the establishment of a Palestinian state were fairly discussed, wrote Mohamed Obeid, a columnist with the Emirati newspaper Al Khaleej.

In a letter to the head of France's national broadcaster, Remy Pflimlin, the leader of the so-called Representative Council of French Jewish Institutions, Richard Prasquier, said the programme in question - An Eye on the Planet - has "infuriated the Jewish community" as it treated "a complex conflict from a cynical and unilateral point of view" and "distorted the facts" and "made allusions bearing resemblance to anti-Semitic conspiracy theories", the columnist said.

Mr Pflimlin and his head of news were due to meet this week with the Israeli ambassador to Paris and the leader of the Jewish community in France to resolve "the issue".

"As if the ceiling of French media freedom has now become Israel's side of the story on its historical conflict with the Arabs and the Palestinians," the columnist said. "As if the Israeli ambassador and the leader of the Jewish community in France … are indeed the country's media censors."

Arabs are required to do far more than denounce the brazen objections of Jewish lobbies everywhere, the writer said.

Al Muallam errs on the side of caution

The Syrian minister of foreign affairs, Walid Al Muallam, warned that his country would take "grave measures" against countries recognising the Syrian National Council, wrote the editor-in-chief, Tareq Alhomayed, in a leader article for the pan-arab newspaper Asharq al Awsat.

"But what are these harsh measures?" asked the writer.

"Will Syria, for example, ban the sale of sophisticated weapons to Europe, or will damage the Turkish economy by resorting to market dumping strategies? Will it be able to deploy its battleships and block strategic waterways? This is [totally] absurd, and is no less surprising than an early statement by Mr Al Muallam threatening to wipe Europe off the map."

Some may think that Mr Al Assad might severe relations with countries that recognise the council, but this is unlikely. Damascus did not dare to do this, even though EU and US both imposed sanctions on the regime.

It did not withdraw its ambassadors, or take serious action against western heads of missions, namely those of the US, UK and France, who expressly supported protesters and moved freely beyond the territorial range determined by the regime.

"Or did Mr Al Muallam draw on the report leaked by one of the Iranian news agencies saying that Mr Al Assad is able to torch the region in six hours."

We will see what the regime can do, other than throwing eggs and tomatos at western ambassadors.

New Libya's masters are in the loop

Sirte, the birthplace of Col Muammar Qaddafi, may soon fall, an event that will mark the official liberation of Libya from prolonged foolishness and recklessness, wrote the UAE newspaper Al Bayan in its editorial.

Of course, freedom has come at a high price. Blood was spilt and lives were sacrificed for the sake of justice and integrity. Therefore, Libya's new masters should always bear this in mind and never undermine under any circumstances the achievements made.

"Libya's new leaders have to engage in a battle that is no less important than that of liberation." And if the latter was made possible by sacrificing lives, rebuilding the country - constitution and state institutions - will require of [Libyans] to be patient... and conscious of public interests. They also should avoid differences… that normally emerge after the success of any revolution."

It is worth mentioning that many of history's glorious revolutions have lost their focus because of narrow interests and internal divisions.

Libya's rebels should be aware of those who seek to spoil their achievements, but at the same time, they need to explore the successful examples worldwide.

* Digest compiled by The Translation Desk

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Cricket World Cup League 2

UAE squad

Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind

Fixtures

Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE

Generation Start-up: Awok company profile

Started: 2013

Founder: Ulugbek Yuldashev

Sector: e-commerce

Size: 600 plus

Stage: still in talks with VCs

Principal Investors: self-financed by founder

Cinco in numbers

Dh3.7 million

The estimated cost of Victoria Swarovski’s gem-encrusted Michael Cinco wedding gown

46

The number, in kilograms, that Swarovski’s wedding gown weighed.

1,000

The hours it took to create Cinco’s vermillion petal gown, as seen in his atelier [note, is the one he’s playing with in the corner of a room]

50

How many looks Cinco has created in a new collection to celebrate Ballet Philippines’ 50th birthday

3,000

The hours needed to create the butterfly gown worn by Aishwarya Rai to the 2018 Cannes Film Festival.

1.1 million

The number of followers that Michael Cinco’s Instagram account has garnered.

Tips for job-seekers
  • Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
  • Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.

David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East

Tree of Hell

Starring: Raed Zeno, Hadi Awada, Dr Mohammad Abdalla

Director: Raed Zeno

Rating: 4/5

What should do investors do now?

What does the S&P 500's new all-time high mean for the average investor? 

Should I be euphoric?

No. It's fine to be pleased about hearty returns on your investments. But it's not a good idea to tie your emotions closely to the ups and downs of the stock market. You'll get tired fast. This market moment comes on the heels of last year's nosedive. And it's not the first or last time the stock market will make a dramatic move.

So what happened?

It's more about what happened last year. Many of the concerns that triggered that plunge towards the end of last have largely been quelled. The US and China are slowly moving toward a trade agreement. The Federal Reserve has indicated it likely will not raise rates at all in 2019 after seven recent increases. And those changes, along with some strong earnings reports and broader healthy economic indicators, have fueled some optimism in stock markets.

"The panic in the fourth quarter was based mostly on fears," says Brent Schutte, chief investment strategist for Northwestern Mutual Wealth Management Company. "The fundamentals have mostly held up, while the fears have gone away and the fears were based mostly on emotion."

Should I buy? Should I sell?

Maybe. It depends on what your long-term investment plan is. The best advice is usually the same no matter the day — determine your financial goals, make a plan to reach them and stick to it.

"I would encourage (investors) not to overreact to highs, just as I would encourage them not to overreact to the lows of December," Mr Schutte says.

All the same, there are some situations in which you should consider taking action. If you think you can't live through another low like last year, the time to get out is now. If the balance of assets in your portfolio is out of whack thanks to the rise of the stock market, make adjustments. And if you need your money in the next five to 10 years, it shouldn't be in stocks anyhow. But for most people, it's also a good time to just leave things be.

Resist the urge to abandon the diversification of your portfolio, Mr Schutte cautions. It may be tempting to shed other investments that aren't performing as well, such as some international stocks, but diversification is designed to help steady your performance over time.

Will the rally last?

No one knows for sure. But David Bailin, chief investment officer at Citi Private Bank, expects the US market could move up 5 per cent to 7 per cent more over the next nine to 12 months, provided the Fed doesn't raise rates and earnings growth exceeds current expectations. We are in a late cycle market, a period when US equities have historically done very well, but volatility also rises, he says.

"This phase can last six months to several years, but it's important clients remain invested and not try to prematurely position for a contraction of the market," Mr Bailin says. "Doing so would risk missing out on important portfolio returns."

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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
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. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part one: how cars came to the UAE

 

The specs

Engine: 1.6-litre 4-cyl turbo

Power: 217hp at 5,750rpm

Torque: 300Nm at 1,900rpm

Transmission: eight-speed auto

Price: from Dh130,000

On sale: now

Company%20Profile
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Brief scoreline:

Al Wahda 2

Al Menhali 27', Tagliabue 79'

Al Nassr 3

Hamdallah 41', Giuliano 45 1', 62'

The specs: 2018 Jaguar E-Pace First Edition

Price, base / as tested: Dh186,480 / Dh252,735

Engine: 2.0-litre four-cylinder

Power: 246hp @ 5,500rpm

Torque: 365Nm @ 1,200rpm

Transmission: Nine-speed automatic

Fuel consumption, combined: 7.7L / 100km

All%20We%20Imagine%20as%20Light
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EPayal%20Kapadia%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Kani%20Kusruti%2C%20Divya%20Prabha%2C%20Chhaya%20Kadam%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
TRAP

Starring: Josh Hartnett, Saleka Shyamalan, Ariel Donaghue

Director: M Night Shyamalan

Rating: 3/5

Sarfira

Director: Sudha Kongara Prasad

Starring: Akshay Kumar, Radhika Madan, Paresh Rawal 

Rating: 2/5

Usain Bolt's World Championships record

2007 Osaka

200m Silver

4x100m relay Silver

 

2009 Berlin

100m Gold

200m Gold

4x100m relay Gold

 

2011 Daegu

100m Disqualified in final for false start

200m Gold

4x100m relay Gold

 

2013 Moscow

100m Gold

200m Gold

4x100m relay Gold

 

2015 Beijing

100m Gold

200m Gold

4x100m relay Gold

 

The specs
Engine: 2.7-litre 4-cylinder Turbomax
Power: 310hp
Torque: 583Nm
Transmission: 8-speed automatic
Price: From Dh192,500
On sale: Now