The American presidential election will almost certainly be between former secretary of state Hillary Clinton and real estate mogul Donald Trump. This unprecedented contest – a real-life “wacky race” – invites a thought experiment: compare and contrast Middle East policy report cards for these would-be national leaders.
The manifest purpose of this academic fantasy is to gauge what the election might mean for the Middle East. But a latent aim is to test whether Mr Trump – who has never held any elected or appointed office – can be taken at all seriously.
So let’s temporarily put aside Mr Trump’s hate-speech, conspiracy theories, proposed entry bans on Muslim non-citizens and other provocations, and juxtapose his policy pronouncements with those of Mrs Clinton.
Start with Iran. Mr Trump vows to “renegotiate” the “terrible” nuclear agreement. But he doesn’t specify what, precisely, is so “terrible” or must be renegotiated. And yet he’s enraged that continued sanctions impede American investment in Iran.
This glaring incongruity reflects Mr Trump’s “lather, rinse and repeat” strategy. He blurts out whatever comes to mind, notes the public response, and repeats whatever resonates. “First thought, best thought” rarely had a more consistent practitioner.
Mrs Clinton was reportedly sceptical when negotiations began, and remains distrustful of Tehran. Her supporters argue this positions her perfectly to “rally the world to deter and punish Iran” if need be.
After leaving the state department, Mrs Clinton supported new sanctions. Barack Obama did not. He prevailed, and his defenders say that was crucial to reaching the agreement. Her supporters suggest additional pressure would have produced a stronger agreement.
Both Mrs Clinton and Mr Trump pledge strong support for Israel, although he wants to be a “neutral guy” in negotiations. As first lady in 1998, Hillary Clinton pioneered White House backing for Palestinian statehood. Both advocate a two-state solution, but neither propose measures to advance it.
Mr Trump echoes both Mr Obama’s “free riders” accusation against Gulf states, and the view that the Middle East has become less strategically significant. He angrily threatened to halt oil purchases from Saudi Arabia unless it contributes troops (or vast sums) to battle ISIL, apparently unaware that Riyadh has repeatedly pressed Washington to lead just such an offensive and offered significant ground forces.
Mrs Clinton embraces a more traditional American approach, insisting the Gulf region remains of “vital importance”. “Bolstering security cooperation” with GCC states is among her five key Middle East “policy pillars”. And she appears tougher on Iran and less sceptical of Washington’s Arab partners.
Mrs Clinton joins a virtual consensus of former Obama administration officials now publicly critical of the lack of US engagement in Syria. She regrets the US did not engage sufficiently with Syrian rebels, and implies she would correct this.
Mrs Clinton shares Mr Obama’s opposition to deploying American troops in Syria, whether against ISIL or the regime. Nonetheless, she has called for both “safe zones”, and more militarily ambitious and strategically significant “no-fly zones”. Moreover, she insists on removing Bashar Al Assad, which Mr Obama has been downplaying.
Mr Trump supports establishing refugee “safe zones”, as long as they are financed by Gulf states, but dismisses “no fly zones”. His insistence the region would be better off with Muammar Qaddafi and Saddam Hussein still in power was clearly intended to imply his support for continued Assad rule.
Mr Trump advocated deploying 30,000 American troops against ISIL in Syria, though he later denied he meant it. He has consistently advocated systematic torture, deliberate killing of family members, and possible use of nuclear weapons against ISIL.
Apart from combating ISIL, Mr Trump casts the Middle East as “one big fat quagmire” to be avoided whenever possible. But, in almost the same breath, he demands that ISIL-controlled Syrian and Iraqi oilfields be (somehow) seized, rebuilt by American oil companies, and then kept entirely for the United States.
If Mr Trump’s Middle East positions seem increasingly ridiculous, that’s because the more closely they are examined, the more clearly they reveal their absurdity. To itemise them is to sink inexorably into a morass of boundless incoherence, endless self-contradiction, wilful ignorance and empty bluster.
Mrs Clinton’s Middle East policies may seem unimaginative and underwhelming; they’re certainly predictable and politically safe. But they’re also neat and tidy, the dutifully-done homework of a would-be teacher’s pet. Her grade thus far is probably a “C, must try harder”.
Mr Trump’s policies resemble the latest crayon masterpiece of a disruptive class clown and playground bully. His grade can only be an “F, with urgent referral to remedial classes and special needs counselling”.
If Middle East policy is any indication, the American election will pit an orthodox, though often uninspiring, politico – who, apart from her gender, seems straight out of central casting for the role of president – against a truly bizarre figure, more like a cartoon character than an actual candidate.
But the real “report card zero” must go to those Republican leaders who – against their better judgment and merely to preserve their personal power – are about to try to turn this walking caricature of a politician into the president of the United States.
Hussein Ibish is a senior resident scholar at the Arab Gulf States Institute in Washington
On Twitter: @ibishblog
From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5
The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
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If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.
When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.
How to get there: Emirates currently flies from Dubai to Orlando five times a week.
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
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.”
Fitness problems in men's tennis
Andy Murray - hip
Novak Djokovic - elbow
Roger Federer - back
Stan Wawrinka - knee
Kei Nishikori - wrist
Marin Cilic - adductor
The specs
Engine: 2-litre or 3-litre 4Motion all-wheel-drive Power: 250Nm (2-litre); 340 (3-litre) Torque: 450Nm Transmission: 8-speed automatic Starting price: From Dh212,000 On sale: Now
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
Singham Again
Director: Rohit Shetty
Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone
Rating: 3/5
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