President Barack Obama’s visit to Riyadh was very significant because it confirmed Saudi Arabia’s regional and international influence on the political and economic levels.
Randa Taqieddine, writing in the pan-Arab daily Al Hayat, said it dissipated recent speculation that Saudi Arabia was shrinking as a point of reference in US policy because of the energy independence that has come with America’s domestic oil boom.
“Saudi’s regional politics are particularly consequential for the US, mainly in terms of the fight against terrorism, ISIL and other regional threats,” she wrote.
Washington is keen to know what direction a Saudi Arabia under King Salman will take with regard to oil policies. For his part, the new king made certain that he reaffirmed the continuity of policy on this issue.
“Saudi is determined to protect its 9.6 million barrels per day share in the global oil market despite the sharp drop in oil prices,” Taqieddine added.
The kingdom doesn’t set prices, those are determined by the market. But it has also not agreed to reduce production levels in order to benefit other producers in the US or Russia. This has led many small producers to shut down.
“Saudi has no desire to have a role in setting the stage for increased fossil oil production in the US at risk of detriment to its own interests,” she wrote.
“Elevated oil prices would also mean that oil-producing countries like Russia and Iran would have the means to offer additional support to the Syrian regime, Hizbollah and the Houthis.”
Meanwhile, the paper noted that President Obama seemed to be pressing ahead with his plans for rapprochement with Iran. Taqieddine noted that he seemed to be paying particular attention to securing a nuclear deal with the Islamic Republic and this was based on his conviction that it would turn over a new leaf in terms of how it does politics in the region.
“But his analysis may be flawed,” she said. Any detente in US-Iranian relations wouldn’t necessarily mean that Iran would break its alliances with Hizbollah, Bashar Al Assad and the Houthis, especially if economic sanctions were unconditionally removed as part of a nuclear deal.
Sarkis Naoum, writing in the Lebanese daily Annahar, said Saudi Arabia’s biggest challenge in the foreseeable future would be if Iran, its historic rival, were to strike a deal with Washington over its nuclear programme.
“A return to international prominence for Tehran would only strengthen its Shiite allies in the Arab world, leaving Riyadh alone to deal with the increasing problems among Sunnis in these countries – namely the Muslim Brotherhood that directly challenges the Saudi monarchy,” he wrote.
Clear diplomatic messages were relayed by both parties during Mr Obama’s four-hour visit to the kingdom. He showed up at the head of a large delegation of senior government officials. And King Salman made sure to welcome his guests with an equally large delegation that included the crown prince and several ministers.
Salman Al Dosari, writing in the London-based daily Asharq Al Awsat, said the message was clear: the strategic alliance between the two countries will continue and gain in strength regardless of their differences.
“Saudis are well aware of the crucial role that the US plays, and Washington, too, knows it wouldn’t find a better strategic partner than Riyadh, which for the past 70 years, has been an agent of political and economic stability,” he wrote.
Translated by Racha Makarem
rmakarem@thenational.ae
Abu Dhabi GP schedule
Friday: First practice - 1pm; Second practice - 5pm
Saturday: Final practice - 2pm; Qualifying - 5pm
Sunday: Etihad Airways Abu Dhabi Grand Prix (55 laps) - 5.10pm
The specs
Price, base / as tested Dh100,000 (estimate)
Engine 2.4L four-cylinder
Gearbox Nine-speed automatic
Power 184bhp at 6,400rpm
Torque 237Nm at 3,900rpm
Fuel economy, combined 9.4L/100km
Company Profile
Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
Company%20profile
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Indika
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if you go
The flights Fly Dubai, Air Arabia, Emirates, Etihad, and Royal Jordanian all offer direct, three-and-a-half-hour flights from the UAE to the Jordanian capital Amman. Alternatively, from June Fly Dubai will offer a new direct service from Dubai to Aqaba in the south of the country. See the airlines’ respective sites for varying prices or search on reliable price-comparison site Skyscanner.
The trip
Jamie Lafferty was a guest of the Jordan Tourist Board. For more information on adventure tourism in Jordan see Visit Jordan. A number of new and established tour companies offer the chance to go caving, rock-climbing, canyoning, and mountaineering in Jordan. Prices vary depending on how many activities you want to do and how many days you plan to stay in the country. Among the leaders are Terhaal, who offer a two-day canyoning trip from Dh845 per person. If you really want to push your limits, contact the Stronger Team. For a more trek-focused trip, KE Adventure offers an eight-day trip from Dh5,300 per person.
The most expensive investment mistake you will ever make
When is the best time to start saving in a pension? The answer is simple – at the earliest possible moment. The first pound, euro, dollar or dirham you invest is the most valuable, as it has so much longer to grow in value. If you start in your twenties, it could be invested for 40 years or more, which means you have decades for compound interest to work its magic.
“You get growth upon growth upon growth, followed by more growth. The earlier you start the process, the more it will all roll up,” says Chris Davies, chartered financial planner at The Fry Group in Dubai.
This table shows how much you would have in your pension at age 65, depending on when you start and how much you pay in (it assumes your investments grow 7 per cent a year after charges and you have no other savings).
Age
|
$250 a month
|
$500 a month
|
$1,000 a month
|
25
|
$640,829
|
$1,281,657
|
$2,563,315
|
35
|
$303,219
|
$606,439
|
$1,212,877
|
45
|
$131,596
|
$263,191
|
$526,382
|
55
|
$44,351
|
$88,702
|
$177,403
|
Israel Palestine on Swedish TV 1958-1989
Director: Goran Hugo Olsson
Rating: 5/5
yallacompare profile
Date of launch: 2014
Founder: Jon Richards, founder and chief executive; Samer Chebab, co-founder and chief operating officer, and Jonathan Rawlings, co-founder and chief financial officer
Based: Media City, Dubai
Sector: Financial services
Size: 120 employees
Investors: 2014: $500,000 in a seed round led by Mulverhill Associates; 2015: $3m in Series A funding led by STC Ventures (managed by Iris Capital), Wamda and Dubai Silicon Oasis Authority; 2019: $8m in Series B funding with the same investors as Series A along with Precinct Partners, Saned and Argo Ventures (the VC arm of multinational insurer Argo Group)
Tenet
Director: Christopher Nolan
Stars: John David Washington, Robert Pattinson, Elizabeth Debicki, Dimple Kapadia, Michael Caine, Kenneth Branagh
Rating: 5/5
Company%20Profile
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Blackpink World Tour [Born Pink] In Cinemas
Starring: Rose, Jisoo, Jennie, Lisa
Directors: Min Geun, Oh Yoon-Dong
Rating: 3/5
Coming soon
Torno Subito by Massimo Bottura
When the W Dubai – The Palm hotel opens at the end of this year, one of the highlights will be Massimo Bottura’s new restaurant, Torno Subito, which promises “to take guests on a journey back to 1960s Italy”. It is the three Michelinstarred chef’s first venture in Dubai and should be every bit as ambitious as you would expect from the man whose restaurant in Italy, Osteria Francescana, was crowned number one in this year’s list of the World’s 50 Best Restaurants.
Akira Back Dubai
Another exciting opening at the W Dubai – The Palm hotel is South Korean chef Akira Back’s new restaurant, which will continue to showcase some of the finest Asian food in the world. Back, whose Seoul restaurant, Dosa, won a Michelin star last year, describes his menu as, “an innovative Japanese cuisine prepared with a Korean accent”.
Dinner by Heston Blumenthal
The highly experimental chef, whose dishes are as much about spectacle as taste, opens his first restaurant in Dubai next year. Housed at The Royal Atlantis Resort & Residences, Dinner by Heston Blumenthal will feature contemporary twists on recipes that date back to the 1300s, including goats’ milk cheesecake. Always remember with a Blumenthal dish: nothing is quite as it seems.
A little about CVRL
Founded in 1985 by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, the Central Veterinary Research Laboratory (CVRL) is a government diagnostic centre that provides testing and research facilities to the UAE and neighbouring countries.
One of its main goals is to provide permanent treatment solutions for veterinary related diseases.
The taxidermy centre was established 12 years ago and is headed by Dr Ulrich Wernery.
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The%20specs
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Inside%20Out%202
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BEETLEJUICE BEETLEJUICE
Starring: Winona Ryder, Michael Keaton, Jenny Ortega
Director: Tim Burton
Rating: 3/5
Confirmed%20bouts%20(more%20to%20be%20added)
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The%20specs
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How%20to%20avoid%20getting%20scammed
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Tax authority targets shisha levy evasion
The Federal Tax Authority will track shisha imports with electronic markers to protect customers and ensure levies have been paid.
Khalid Ali Al Bustani, director of the tax authority, on Sunday said the move is to "prevent tax evasion and support the authority’s tax collection efforts".
The scheme’s first phase, which came into effect on 1st January, 2019, covers all types of imported and domestically produced and distributed cigarettes. As of May 1, importing any type of cigarettes without the digital marks will be prohibited.
He said the latest phase will see imported and locally produced shisha tobacco tracked by the final quarter of this year.
"The FTA also maintains ongoing communication with concerned companies, to help them adapt their systems to meet our requirements and coordinate between all parties involved," he said.
As with cigarettes, shisha was hit with a 100 per cent tax in October 2017, though manufacturers and cafes absorbed some of the costs to prevent prices doubling.
COMPANY%20PROFILE
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Profile of Foodics
Founders: Ahmad AlZaini and Mosab AlOthmani
Based: Riyadh
Sector: Software
Employees: 150
Amount raised: $8m through seed and Series A - Series B raise ongoing
Funders: Raed Advanced Investment Co, Al-Riyadh Al Walid Investment Co, 500 Falcons, SWM Investment, AlShoaibah SPV, Faith Capital, Technology Investments Co, Savour Holding, Future Resources, Derayah Custody Co.
COMPANY%20PROFILE
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If you go
- The nearest international airport to the start of the Chuysky Trakt is in Novosibirsk. Emirates (www.emirates.com) offer codeshare flights with S7 Airlines (www.s7.ru) via Moscow for US$5,300 (Dh19,467) return including taxes. Cheaper flights are available on Flydubai and Air Astana or Aeroflot combination, flying via Astana in Kazakhstan or Moscow. Economy class tickets are available for US$650 (Dh2,400).
- The Double Tree by Hilton in Novosibirsk ( 7 383 2230100,) has double rooms from US$60 (Dh220). You can rent cabins at camp grounds or rooms in guesthouses in the towns for around US$25 (Dh90).
- The transport Minibuses run along the Chuysky Trakt but if you want to stop for sightseeing, hire a taxi from Gorno-Altaisk for about US$100 (Dh360) a day. Take a Russian phrasebook or download a translation app. Tour companies such as Altair-Tour ( 7 383 2125115 ) offer hiking and adventure packages.
BORDERLANDS
Starring: Cate Blanchett, Kevin Hart, Jamie Lee Curtis
Director: Eli Roth
Rating: 0/5
SPECS%3A%20Polestar%203
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Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan