By the end of September, Europe’s three most powerful countries will all have had elections: France, which begins next week, Germany in September, and now, with British prime minister Theresa May’s surprise announcement, the UK in June. Mrs May, at least, will be confident of a victory. But there are no guarantees and the results of these three elections will have a profound effect on the Middle East.
Britain’s will be the least momentous, if only because the result is expected. But the trade deals that Mrs May wanted to negotiate post-Brexit with the Middle East will be on pause until it is certain she will be prime minister. In January, the UK announced a Dh465 million deal with Turkey to build fighter jets. The prime minister has made no secret that she wants to conclude other deals with the Gulf states and India. But until she wins in June, those will have to wait.
In France, with the election still too close to call, the possibility of a victory for Marine Le Pen, the leader of the far-right party the National Front, will raise jitters across the Middle East. Although Ms Le Pen as president is unlikely, her anti-immigrant stance has already affected the way French Muslims, many of whom are Arabs, and Syrian refugees are perceived in the country.
But it is in Germany that the election will be most closely watched from the region. Germany is very much Europe’s powerhouse and its policy on issues like Syria’s refugees and its stance towards Turkey could have a profound effect on the situation on the ground. Angela Merkel is no longer as dominant as she was – her policy towards Syrian refugees has affected her standing in the country – and if she loses as chancellor, Germany will take a step into the unknown. Mrs Merkel has been leader for 12 years and is, more than any other European leader, a known quantity. Without her, Germany may decide to shut the door on refugees, or pursue a less stable relationship with Turkey – both of which could make the situation in Syria and the region more unstable.
When Mrs May fired the starting gun for a new election this week, she also provoked further uncertainty across the Middle East, which is watching where Europe goes next.
Citadel: Honey Bunny first episode
Directors: Raj & DK
Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon
Rating: 4/5
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
Generational responses to the pandemic
Devesh Mamtani from Century Financial believes the cash-hoarding tendency of each generation is influenced by what stage of the employment cycle they are in. He offers the following insights:
Baby boomers (those born before 1964): Owing to market uncertainty and the need to survive amid competition, many in this generation are looking for options to hoard more cash and increase their overall savings/investments towards risk-free assets.
Generation X (born between 1965 and 1980): Gen X is currently in its prime working years. With their personal and family finances taking a hit, Generation X is looking at multiple options, including taking out short-term loan facilities with competitive interest rates instead of dipping into their savings account.
Millennials (born between 1981 and 1996): This market situation is giving them a valuable lesson about investing early. Many millennials who had previously not saved or invested are looking to start doing so now.
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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.
Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
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
The biog
Favourite books: 'Ruth Bader Ginsburg: A Life' by Jane D. Mathews and ‘The Moment of Lift’ by Melinda Gates
Favourite travel destination: Greece, a blend of ancient history and captivating nature. It always has given me a sense of joy, endless possibilities, positive energy and wonderful people that make you feel at home.
Favourite pastime: travelling and experiencing different cultures across the globe.
Favourite quote: “In the future, there will be no female leaders. There will just be leaders” - Sheryl Sandberg, COO of Facebook.
Favourite Movie: Mona Lisa Smile
Favourite Author: Kahlil Gibran
Favourite Artist: Meryl Streep
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
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The specs: 2018 Ducati SuperSport S
Price, base / as tested: Dh74,900 / Dh85,900
Engine: 937cc
Transmission: Six-speed gearbox
Power: 110hp @ 9,000rpm
Torque: 93Nm @ 6,500rpm
Fuel economy, combined: 5.9L / 100km