The four letter word that has dominated America's political discourse over the last decade has resurfaced in the US presidential race. At the weekend Rick Perry, one of the Republican candidates, claimed his presidency would return US troops to Iraq. "The idea that we allow the Iranians to come back into Iraq and take over that country, with all of the treasures, both in blood and money, we have spent ... is a huge error for us," he said.
Iraq has now factored into three US presidential elections. US troops left Iraq last month after spending the better part of a decade between the two rivers, but can America ever move on?
Over the last three weeks, I've written about the legacy of the Iraq invasion and why it is, and will continue to be, so hard for Iraqis as a people and a nation to close one chapter and open the next.
The repercussions of the shattering of that country will be felt for years and decades. Breaking a country so brutally means it cannot easily be put back together.
The knock-on effects are subtle and long-lasting: the huge mental health problems, the trauma of losing family members, the effects of having educations and careers interrupted. Combine that with the flight of those with the intellectual or financial resources to leave, the scrabbling for political power and resources, the limited implementation of the rule of law, and it is clear the collective capacity of the country to rebuild itself has been severely depleted.
The American invasion will continue to define Iraq for a generation. But it will also define America, at home and abroad.
For those directly affected by Iraq, the wounds of the war may never heal. All across America from the traditionally conservative families that staff America's military, there are thousands of families who have lost loved ones or whose children came back from Iraq broken physically or mentally. That harm may never fully heal.
It has become fashionable to speak of Iraq as this American generation's Vietnam. In some respects, this is fanciful: both wars grew out of particular political circumstances, four decades apart, which bear little relation to each other. The schism in US public life over Vietnam was also far deeper.
Yet in other respects, there are parallels. Both were hugely divisive wars that went to the core of American life, exposing and hardening divisions within society. In the run-up to the Iraq war, pundits confidently predicted the conflict would banish the ghosts of Vietnam. Instead, new ones have been created.
The Iraq war has had serious repercussions for America's standing in the world. Historians will debate for decades whether the Iraq war can be boiled down to a win or a loss, but the long conflict showed clearly the limits of America's power.
It also showed the limits of its will - after so many years and so much blood and treasure, in the end the Americans left Iraq in a far worse state than they found it, essentially surrendering the battlefield to their most intractable enemy Iran. That is a very different message for America's enemies than during the Vietnam era, but no less salient. The Taliban in Afghanistan have learnt that lesson and will doubtless aim to capitalise on it, as will the belligerents of America's future wars.
This is why Americans can't let go, why the ghosts of Iraq will long haunt US public life. Iraq was troublesome from the beginning: the weapons of mass destruction that didn't exist; the apparent involvement of Al Qaeda that only became real after the invasion; the concocted connections between Iraq and the perpetrators of the attacks of September 11, 2001. All of those were present at the beginning, before the grey fog of war, before Abu Ghraib, before Falluja.
If, in the end, the war could be called a clear win, the bitterness of those memories could be blunted. But with Iraq rapidly getting worse, with Iran gaining strategically as a direct consequence, these schisms cannot be swept from politics. Blame must be apportioned.
In a very real sense, the battle over the war is far from over: President Barack Obama came into office opposing it, only to preside over a surge in troops on the ground, and ended up withdrawing America's military by following a plan brokered by George W Bush. There are no clear-cut answers, no talking points memos.
The American invasion of 2003, and the war of 1991, were not static events. They were not dips in the timeline of history. Rather, they shaped all the events that came after, changing the course of Iraqi history irrevocably.
The neoconservatives around Mr Bush frequently painted the 2003 invasion in two separate ways: either as a short, sharp shock that would put Iraq back on to a prosperous path, or an historic moment that would reshape the entire Middle East. The latter didn't happen, but neither did the former. In truth, the invasion of Iraq changed the history irrevocably.
And the history of America. As with Vietnam, which was also meant to be a short, sharp war, it will colour every military calculation for decades. The tactics, the politics, even the equipment of America's future wars will be shaped by the Iraq experience.
War is a catastrophic event and like all catastrophes, it ties participants together, willingly or not. In this last decade in Iraq, both America and Iraq were aggressors and victims, as individuals from both countries were aggressors and victims. The tragedy for both countries is that this chosen war could so easily have been avoided, that there was no inevitability to their tragic embrace, an embrace from which neither can now easily extricate itself.
falyafai@thenational.ae
Follow on Twitter: @FaisalAlYafai
'Cheb%20Khaled'
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Kanguva
Director: Siva
Stars: Suriya, Bobby Deol, Disha Patani, Yogi Babu, Redin Kingsley
Company%C2%A0profile
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THE SPECS
Cadillac XT6 2020 Premium Luxury
Engine: 3.6L V-6
Transmission: nine-speed automatic
Power: 310hp
Torque: 367Nm
Price: Dh280,000
David Haye record
Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4
Citadel: Honey Bunny first episode
Directors: Raj & DK
Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon
Rating: 4/5
Sri Lanka's T20I squad
Thisara Perera (captain), Dilshan Munaweera, Danushka Gunathilaka, Sadeera Samarawickrama, Ashan Priyanjan, Mahela Udawatte, Dasun Shanaka, Sachith Pathirana, Vikum Sanjaya, Lahiru Gamage, Seekkuge Prasanna, Vishwa Fernando, Isuru Udana, Jeffrey Vandersay and Chathuranga de Silva.
The full list of 2020 Brit Award nominees (winners in bold):
British group
Coldplay
Foals
Bring me the Horizon
D-Block Europe
Bastille
British Female
Mabel
Freya Ridings
FKA Twigs
Charli xcx
Mahalia
British male
Harry Styles
Lewis Capaldi
Dave
Michael Kiwanuka
Stormzy
Best new artist
Aitch
Lewis Capaldi
Dave
Mabel
Sam Fender
Best song
Ed Sheeran and Justin Bieber - I Don’t Care
Mabel - Don’t Call Me Up
Calvin Harrison and Rag’n’Bone Man - Giant
Dave - Location
Mark Ronson feat. Miley Cyrus - Nothing Breaks Like A Heart
AJ Tracey - Ladbroke Grove
Lewis Capaldi - Someone you Loved
Tom Walker - Just You and I
Sam Smith and Normani - Dancing with a Stranger
Stormzy - Vossi Bop
International female
Ariana Grande
Billie Eilish
Camila Cabello
Lana Del Rey
Lizzo
International male
Bruce Springsteen
Burna Boy
Tyler, The Creator
Dermot Kennedy
Post Malone
Best album
Stormzy - Heavy is the Head
Michael Kiwanuka - Kiwanuka
Lewis Capaldi - Divinely Uninspired to a Hellish Extent
Dave - Psychodrama
Harry Styles - Fine Line
Rising star
Celeste
Joy Crookes
beabadoobee
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.”
Company%20profile
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Getting there
The flights
Emirates and Etihad fly to Johannesburg or Cape Town daily. Flights cost from about Dh3,325, with a flying time of 8hours and 15 minutes. From there, fly South African Airlines or Air Namibia to Namibia’s Windhoek Hosea Kutako International Airport, for about Dh850. Flying time is 2 hours.
The stay
Wilderness Little Kulala offers stays from £460 (Dh2,135) per person, per night. It is one of seven Wilderness Safari lodges in Namibia; www.wilderness-safaris.com.
Skeleton Coast Safaris’ four-day adventure involves joining a very small group in a private plane, flying to some of the remotest areas in the world, with each night spent at a different camp. It costs from US$8,335.30 (Dh30,611); www.skeletoncoastsafaris.com
COMPANY%20PROFILE%20
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Singham Again
Director: Rohit Shetty
Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone
Rating: 3/5
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Electoral College Victory
Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate.
Popular Vote Tally
The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.
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
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
The biog
Full name: Aisha Abdulqader Saeed
Age: 34
Emirate: Dubai
Favourite quote: "No one has ever become poor by giving"