Britain's Prince Harry, back right, poses with Gurkha soldiers on January 2, 2008.
Britain's Prince Harry, back right, poses with Gurkha soldiers on January 2, 2008.

Focus:The Gurkhas' hardest battle awaits



Back in the Nineties, when I was commanding officer at the Gurkhas' training depot, I spotted one recruit battling through the final exercise, in typically foul Dartmoor conditions, with a slight limp. He insisted it was nothing. A week later, at the end of the exercise, I noticed his limp was considerably worse. He still protested it was nothing but this time I sent him to the doctor, who discovered the young soldier had been marching on a badly broken ankle for an entire week. When I asked him why on earth he had not told his section corporal, he said: "My grandfather fought in Burma, my father fought in Malaya; they would never have given up and they told me I must never give up." This was the spirit that for the past 200 years has bound the Gurkhas and the British together. Last week, a British High Court judge condemned as "irrational and confusing" a government policy that allowed Gurkhas who had served in the British army after July 1997 to settle in the UK, but denied that right to those who had retired before that date. The judge gave the British Home Office three months to carry out an "urgent revisiting" of the policy. Such an order to reconsider is not the same thing as an order to change, so the headlines that proclaimed victory may have been premature. But there are few in Britain who don't believe that the judge's ruling - and his awarding of costs against the government - was a move in the right direction. Gurkhas first came to the attention of the British as their enemies, in one of those extraordinary phases of early 19th-century empire-building. In the 1740s the Gurkhas, a people of Mongolian origin living in the foothills of the Himalayas and led by a charismatic king, Prithvi Narayan Shah, set out to unify a collection of disparate statelets and fiefdoms into what is now Nepal. To do this they created a regular professional army, a very new concept in a subcontinent where warfare had hitherto been waged by nobility mounted on elephants followed by a swarm of - usually unwilling - conscripted peasants. Regular armies are expensive and the Gurkhas paid for theirs by exacting a land tax on conquered territories. The more territory they absorbed, of course, the larger the army had to be, and thus even more land had to be acquired to pay for it. Eventually this policy brought them to northern India and into conflict with the British, who had numerous treaties with the potentates of Oudh and Bengal, and so began the 1814-16 Anglo-Nepal war. It was a war of which few people in Britain have heard. While the British were struggling through the malarial jungles of southern Nepal, Arthur Wellesley, first Duke of Wellington, was facing Marshal Soult across the Pyrenees. Napoleon was a far greater threat to England and, then and now, of far more interest than what was happening half a world away. By the standards of the time it was an extraordinary war. Geography favoured the Gurkhas, technology the British. Neither side would run, both treated prisoners honourably, both respected civilians and both limited looting and plundering. A mutual respect grew and, after one battle, the British even erected two memorials - one to their own dead and one to "our gallant enemy" (they are still there, north-east of Dehradun in the state of Uttarakhand). The war ended in a stalemate, but the British wisely concluded that it would be far better to have Gurkhas as friends rather than enemies. For its part, the Nepal government now needed an outlet for large numbers of young men who had no wars to fight and the British began to raise Gurkha regiments, whose descendants are still with us. Gurkhas have fought in every British war since then and are still in action in Iraq and Afghanistan today. In proportion to numbers engaged they have won more Victoria Crosses - Britain's highest award for bravery in the face of the enemy - than any other part of the army. Eligible for the award only since 1911, Gurkhas have won 26 - 13 given to their British officers and 13 to Gurkha soldiers. One was awarded to Rifleman Lachhiman Gurung after an action in Burma in May 1945. He was holding a trench dominating a track that the Japanese were desperate to use, because it would have allowed them to outflank the main British position. At first, they attacked the position with grenades. Lachhiman threw back the first, and the second, but the third exploded in his hand, blowing off his fingers, shattering his right arm and severely wounding him in the face and body. The two other soldiers with him collapsed, unconscious and bleeding profusely. The Japanese now tried to rush the trench but Lachhiman, blinded in one eye, loaded and fired his rifle with his left hand and continued doing so for four hours. By the time the assault petered out there were 31 dead Japanese soldiers in front of Lachhiman's trench. In Britain, a society often dismissive of foreigners, Gurkhas have always been loved and admired, if rather as exotic pets, and much myth and legend has grown up around them. It is, for instance, not true that if a Gurkha draws his kukri - an all-purpose tool and weapon that has no religious or mystical significance - it must "taste blood" before it can be returned to its sheath. It is also palpably untrue that Gurkhas kill and eat their prisoners, although the belief proved useful for the British during the Falklands conflict in 1982, when it persuaded Argentine soldiers to abandon their positions and run rather than risk the possibility. Recruiting begins this month for next year's intake of Gurkha recruits. About 30,000 young men will compete for some 300 vacancies in a physical and mental selection process far more rigorous than that of any army in the world. Those who survive it will be flown to Britain in January to begin intensive basic training before joining their units all over the world. The interaction between young Gurkhas and British culture can sometimes lead to misunderstanding. One young man told me he thought the beggars in England were "most respectable and very well dressed". It transpired that he had rounded a corner in Guildford to be faced with a middle-aged lady in blue rinse, twin-set and pearls, holding a tin and collecting for the Royal National Lifeboat Institute. The treaty with Nepal which allows Britain to recruit the citizens of an independent foreign state into her army lays down few restrictions, but includes the provisos that Gurkhas remain Nepalese citizens, that they are to be discharged back to their homeland and that pay and pensions are to be the same in the armies of the UK, Nepal and India - which has around 120,000 Gurkha soldiers - and that these are to be based on the Indian army rates. It is this agreement that has led to the current agitation over pay, pensions and settlement rights. When the Brigade of Gurkhas was based in the Far East these conditions were widely accepted as fair. The handing of Hong Kong to China in 1997 and the removal of the Gurkhas' base to Britain, and, perhaps surprisingly, the replacement of absolute monarchy with a creaky form of democracy in Nepal, caused the systems that had been in place for many years to be questioned. They were not, and are not, being questioned by serving Gurkhas, who are somewhat embarrassed by all the fuss. But in Nepal more than 40 political parties were formed and all wanted the ex-servicemen's vote, which led them to make wild promises about pay, pensions and settlement rights. These cries were picked up in Britain and echoed by the press and numerous well-meaning supporters, convinced that Gurkhas were being treated unfairly without always understanding what the issues actually were. In the past few years the Gurkhas' terms of service have been brought into line with the rest of the army - which is not always to the Gurkhas' advantage. A Gurkha soldier discharged after 15 years of service got an immediate pension; now, he must wait until the age of 50 to get a preserved pension, like his British counterpart, who gets an immediate pension only when he has served for 22 years. The British government has always resisted backdating new rules, but it did make a concession by giving to Gurkhas who had been in the army when the base moved to Britain the right to settle there. The current legal arguments centre round those who retired before 1997, many of them old and sick, who would like to come to Britain because their own country, having just been through a bloody communist insurrection and hovering on "failed state" status, has no interest in them and no welfare system to care for them. I served as a regular officer of Gurkha infantry for most of my adult life. I know the Gurkha, I speak his language, I have trekked over almost every inch of his homeland. He is my only childhood illusion that has never turned out to be a sham. Of course Gurkha loyalty and trust is not given blindly - you have to prove that you are worth it - but once accepted by Gurkhas they will give you their all and they will never let you down. I want to see my old friends who want to come to Britain allowed in - and welcomed, not treated as a burden admitted grudgingly. How dare a bunch of politicians and bean-counters tell men who sweated blood for them that they are not acceptable as residents? A note of warning should be sounded, however. A large influx of retired Gurkhas may not necessarily be in the long-term interest of the Gurkha race, as opposed to the individual. Most of those already in the United Kingdom are in menial jobs - cleaners, drivers, security guards on the minimum wage - and they too will be at the bottom of the employment ladder. They are capable of far more, but that is all that is on offer and it will get worse as recession bites. Gurkha settlers can afford to live in only the poorer parts of the country, and already there are mutterings about them not integrating. Of course Gurkhas will want to live with other Gurkhas, where they share a common language and culture, but ghettos lead to ostracism. Retired Gurkha soldiers will remain disciplined and honourable; but their children will be unlikely to join the army and already there have been fights between the teenage children of Gurkhas and gangs of young Britons. The danger is that continued agitation could swing public opinion from being strongly pro-Gurkha to regarding us as a nuisance and, perhaps, even wondering whether continuing to have Gurkhas in the British army is worth the bother, thus ending a 200-year-old tradition that has been of tremendous benefit to Britain and to the Gurkha. And that would be a tragedy. Gordon Corrigan MBE spent much of his military career with the Gurkhas, until his retirement in 1998. He is the author of a series of books, including Blood, Sweat and Arrogance - And The Myths of Churchill's War, published by Weidenfeld & Nicolson.

Company%20Profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ENamara%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EJune%202022%0D%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3EMohammed%20Alnamara%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%20%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EMicrofinance%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3E16%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ESeries%20A%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFamily%20offices%0D%3Cbr%3E%3C%2Fp%3E%0A
MATCH INFO

Euro 2020 qualifier

Norway v Spain, Saturday, 10.45pm, UAE

 

 

ENGLAND SQUAD

Goalkeepers Henderson, Pickford, Pope.

Defenders Alexander-Arnold, Chilwell, Coady, Dier, Gomez, Keane, Maguire, Maitland-Niles, Mings, Saka, Trippier, Walker.

Midfielders Henderson, Mount, Phillips, Rice, Ward-Prowse, Winks.

Forwards Abraham, Barnes, Calvert-Lewin, Grealish, Ings, Kane, Rashford, Sancho, Sterling.

Left Bank: Art, Passion and Rebirth of Paris 1940-1950

Agnes Poirer, Bloomsbury

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 

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

DUBAI SEVENS 2018 DRAW

Gulf Men’s League
Pool A – Dubai Exiles, Dubai Hurricanes, Bahrain, Dubai Sports City Eagles
Pool B – Jebel Ali Dragons, Abu Dhabi Saracens, Abu Dhabi Harlequins, Al Ain Amblers

Gulf Men’s Open
Pool A – Bahrain Firbolgs, Arabian Knights, Yalla Rugby, Muscat
Pool B – Amman Citadel, APB Dubai Sharks, Jebel Ali Dragons 2, Saudi Rugby
Pool C – Abu Dhabi Harlequins 2, Roberts Construction, Dubai Exiles 2
Pool D – Dubai Tigers, UAE Shaheen, Sharjah Wanderers, Amman Citadel 2

Gulf U19 Boys
Pool A – Deira International School, Dubai Hurricanes, British School Al Khubairat, Jumeirah English Speaking School B
Pool B – Dubai English Speaking College 2, Jumeirah College, Dubai College A, Abu Dhabi Harlequins 2
Pool C – Bahrain Colts, Al Yasmina School, DESC, DC B
Pool D – Al Ain Amblers, Repton Royals, Dubai Exiles, Gems World Academy Dubai
Pool E – JESS A, Abu Dhabi Sharks, Abu Dhabi Harlequins 1, EC

Gulf Women
Pool A – Kuwait Scorpions, Black Ruggers, Dubai Sports City Eagles, Dubai Hurricanes 2
Pool B – Emirates Firebirds, Sharjah Wanderers, RAK Rides, Beirut Aconites
Pool C – Dubai Hurricanes, Emirates Firebirds 2, Abu Dhabi Saracens, Transforma Panthers
Pool D – AUC Wolves, Dubai Hawks, Abu Dhabi Harlequins, Al Ain Amblers

Gulf U19 Girls
Pool A – Dubai Exiles, BSAK, DESC, Al Maha
Pool B – Arabian Knights, Dubai Hurricanes, Al Ain Amblers, Abu Dhabi Harlequins

COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
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

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.”