Egyptian soldiers stand guard outside the Israeli embassy in Cairo last month as protesters wave Palestinian flags and chant slogans. The interim Egyptian government, under popular pressure, is consciously distancing itself from some of the main policies towards Israel and the Palestinians pursued by Hosni Mubarak.
Egyptian soldiers stand guard outside the Israeli embassy in Cairo last month as protesters wave Palestinian flags and chant slogans. The interim Egyptian government, under popular pressure, is consciShow more

Israel expresses alarm at possible crisis in links with Egypt



NAZARETH // Israeli officials have expressed alarm at a succession of moves by the interim Egyptian government that they fear signal an impending crisis in relations with Cairo.

The widening rift was underscored yesterday when leaders of the rival Palestinian factions Hamas and Fatah signed a reconciliation pact in the Egyptian capital. Egypt's secret role in brokering the agreement last week caught both Israel and the United States by surprise.

The Israeli prime minister, Benjamin Netanyahu, called the deal "a tremendous blow to peace and a great victory for terrorism."

Several other developments have added to Israeli concerns about its ties to Egypt, including signs that Egyptian leaders hope to renew ties with Iran and renegotiate a long-standing contract to supply Israel with natural gas.

More worrying still to Israeli officials are reported plans by Egyptian authorities to open the Rafah crossing into Gaza, closed for the past four years as part of a Western-backed blockade of the enclave designed to weaken Hamas, the Islamist group in power there. Egypt is working out details to permanently open the border, an Egyptian foreign ministry official told the Reuters news agency on Sunday.

The same day Egypt's foreign minister, Nabil Elaraby, called on the United States to recognise a Palestinian state - in reference to a move expected in September by Mahmoud Abbas, the Palestinian president, to seek recognition of Palestinian statehood at the United Nations.

Israel and the US have insisted that the Palestinians can achieve statehood only through negotiations with Israel.

According to analysts, the interim Egyptian government, under popular pressure, is consciously distancing itself from some of the main policies towards Israel and the Palestinians pursued by Hosni Mubarak, the Egyptian president overthrown by a popular uprising in February.

Mr Mubarak was largely supportive of Israel and Washington's blockade policy to contain Hamas's influence.

But the popular mood in Egypt appears to be turning against close diplomatic ties with Israel.

A poll published last week by the Pew Research Centre showed that 54 per cent of Egyptians backed the annulment of the 1979 peace treaty with Israel, with only 36 per cent wanting it maintained.

Israel's Yedioth Aharonoth daily reported this week that Egyptian social media sites had called for a mass demonstration outside the Israeli embassy tomorrow, demanding the expulsion of the ambassador, Yitzhak Levanon.

In comments to several media outlets at the weekend, unnamed senior Israeli officials criticised Egypt's new foreign policy line. One told the Wall Street Journal that Cairo's latest moves could "affect Israel's national security on a strategic level".

Another unnamed official told the Jerusalem Post that "the upgrading of the relationship between Egypt and Hamas" might allow the Islamic movement to develop into a "formidable terrorist military machine".

Silvan Shalom, Israel's vice-premier, told Israel Radio on Sunday that Israel should brace for significant changes in Egyptian policies that would allow Iran to increase its influence in Gaza.

Egypt's chief of staff, Sami Hafez Anan, responded dismissively on his Facebook page to such statements, saying, "Israel has no right to interfere. This is an Egyptian-Palestinian matter."

In a sign of Israel's concern, Mr Netanyahu is reported to be considering sending his special adviser, Isaac Molho, to Cairo for talks with the interim government.

In recent weeks, Mr Netanyahu has repeatedly complained to visiting European ambassadors and US politicians about what he regards as a new, more hostile climate in Egypt.

Late last month Mr Elaraby said Egypt was ready to "turn over a new leaf" in relations with Tehran, which were severed after the Israeli-Egyptian peace treaty was signed in 1979.

Yoram Meital, an expert on Israeli-Egyptian relations at Ben Gurion University in Beersheva, said Egypt's policy change towards Gaza threatened to "provoke a severe crisis in Egyptian-Israeli relations" by undermining Israel's policy of isolating Hamas.

With the toppling of the authoritarian regime of the Egyptian president Hosni Mubarak, Mr Meital noted, the Egyptian government is under pressure to be more responsive to local opinion.

"We are at the beginning of this crisis but we are not there yet. However, there is room for a great deal more deterioration in relations over the coming months," he said.

Menha Bahoum, a spokeswoman for the Egyptian foreign ministry, told the New York Times last week: "We are opening a new page. Egypt is resuming its role that was once abdicated."

That assessment is shared by Hamas and Fatah, both of which were looking to Egypt for help, said Menachem Klein, a politics professor at Bar Ilan University.

He noted that Mr Abbas had lost his chief Arab sponsor in the form of Mr Mubarak, and that the Hamas leadership's base in Syria was precarious given the current upheavals there.

With growing demands from the Palestinian public for reconciliation, neither faction could afford to ignore the tide of change sweeping the Arab world, he said.

That sea change has caught Egyptian-Israeli ties - and in particular, the Israeli public - in their wake, Mr Meital said.

"We are entering a new chapter in the region's history and Israeli politicians and the public are not yet even close to understanding what is taking place".

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UAE currency: the story behind the money in your pockets
Business Insights
  • As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses. 
  • SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income. 
  • Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
Tributes from the UAE's personal finance community

• Sebastien Aguilar, who heads SimplyFI.org, a non-profit community where people learn to invest Bogleheads’ style

“It is thanks to Jack Bogle’s work that this community exists and thanks to his work that many investors now get the full benefits of long term, buy and hold stock market investing.

Compared to the industry, investing using the common sense approach of a Boglehead saves a lot in costs and guarantees higher returns than the average actively managed fund over the long term. 

From a personal perspective, learning how to invest using Bogle’s approach was a turning point in my life. I quickly realised there was no point chasing returns and paying expensive advisers or platforms. Once money is taken care off, you can work on what truly matters, such as family, relationships or other projects. I owe Jack Bogle for that.”

• Sam Instone, director of financial advisory firm AES International

"Thought to have saved investors over a trillion dollars, Jack Bogle’s ideas truly changed the way the world invests. Shaped by his own personal experiences, his philosophy and basic rules for investors challenged the status quo of a self-interested global industry and eventually prevailed.  Loathed by many big companies and commission-driven salespeople, he has transformed the way well-informed investors and professional advisers make decisions."

• Demos Kyprianou, a board member of SimplyFI.org

"Jack Bogle for me was a rebel, a revolutionary who changed the industry and gave the little guy like me, a chance. He was also a mentor who inspired me to take the leap and take control of my own finances."

• Steve Cronin, founder of DeadSimpleSaving.com

"Obsessed with reducing fees, Jack Bogle structured Vanguard to be owned by its clients – that way the priority would be fee minimisation for clients rather than profit maximisation for the company.

His real gift to us has been the ability to invest in the stock market (buy and hold for the long term) rather than be forced to speculate (try to make profits in the shorter term) or even worse have others speculate on our behalf.

Bogle has given countless investors the ability to get on with their life while growing their wealth in the background as fast as possible. The Financial Independence movement would barely exist without this."

• Zach Holz, who blogs about financial independence at The Happiest Teacher

"Jack Bogle was one of the greatest forces for wealth democratisation the world has ever seen.  He allowed people a way to be free from the parasitical "financial advisers" whose only real concern are the fat fees they get from selling you over-complicated "products" that have caused millions of people all around the world real harm.”

• Tuan Phan, a board member of SimplyFI.org

"In an industry that’s synonymous with greed, Jack Bogle was a lone wolf, swimming against the tide. When others were incentivised to enrich themselves, he stood by the ‘fiduciary’ standard – something that is badly needed in the financial industry of the UAE."

The specs
Engine: 2.7-litre 4-cylinder Turbomax
Power: 310hp
Torque: 583Nm
Transmission: 8-speed automatic
Price: From Dh192,500
On sale: Now

A Bad Moms Christmas
Dir: John Lucas and Scott Moore
Starring: Mila Kunis, Kathryn Hahn, Kristen Bell, Susan Sarandon, Christine Baranski, Cheryl Hines
Two stars

Singham Again

Director: Rohit Shetty

Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone

Rating: 3/5

Libya's Gold

UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves. 

The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.

Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.

A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.

Disclaimer

Director: Alfonso Cuaron 

Stars: Cate Blanchett, Kevin Kline, Lesley Manville 

Rating: 4/5

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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.
COMPANY%20PROFILE
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The%20Specs
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Results

Stage 7:

1. Caleb Ewan (AUS) Lotto Soudal - 3:18:29

2. Sam Bennett (IRL) Deceuninck-QuickStep - same time

3. Phil Bauhaus (GER) Bahrain Victorious

4. Michael Morkov (DEN) Deceuninck-QuickStep

5. Cees Bol (NED) Team DSM

General Classification:

1. Tadej Pogacar (SLO) UAE Team Emirates - 24:00:28

2. Adam Yates (GBR) Ineos Grenadiers - 0:00:35

3. Joao Almeida (POR) Deceuninck-QuickStep - 0:01:02

4. Chris Harper (AUS) Jumbo-Visma - 0:01:42

5. Neilson Powless (USA) EF Education-Nippo - 0:01:45

DMZ facts
  • The DMZ was created as a buffer after the 1950-53 Korean War.
  • It runs 248 kilometers across the Korean Peninsula and is 4km wide.
  • The zone is jointly overseen by the US-led United Nations Command and North Korea.
  • It is littered with an estimated 2 million mines, tank traps, razor wire fences and guard posts.
  • Donald Trump and Kim Jong-Un met at a building in Panmunjom, where an armistice was signed to stop the Korean War.
  • Panmunjom is 52km north of the Korean capital Seoul and 147km south of Pyongyang, North Korea’s capital.
  • Former US president Bill Clinton visited Panmunjom in 1993, while Ronald Reagan visited the DMZ in 1983, George W. Bush in 2002 and Barack Obama visited a nearby military camp in 2012. 
  • Mr Trump planned to visit in November 2017, but heavy fog that prevented his helicopter from landing.
Jawan
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COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
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.

Important questions to consider

1. Where on the plane does my pet travel?

There are different types of travel available for pets:

  • Manifest cargo
  • Excess luggage in the hold
  • Excess luggage in the cabin

Each option is safe. The feasibility of each option is based on the size and breed of your pet, the airline they are traveling on and country they are travelling to.

 

2. What is the difference between my pet traveling as manifest cargo or as excess luggage?

If traveling as manifest cargo, your pet is traveling in the front hold of the plane and can travel with or without you being on the same plane. The cost of your pets travel is based on volumetric weight, in other words, the size of their travel crate.

If traveling as excess luggage, your pet will be in the rear hold of the plane and must be traveling under the ticket of a human passenger. The cost of your pets travel is based on the actual (combined) weight of your pet in their crate.

 

3. What happens when my pet arrives in the country they are traveling to?

As soon as the flight arrives, your pet will be taken from the plane straight to the airport terminal.

If your pet is traveling as excess luggage, they will taken to the oversized luggage area in the arrival hall. Once you clear passport control, you will be able to collect them at the same time as your normal luggage. As you exit the airport via the ‘something to declare’ customs channel you will be asked to present your pets travel paperwork to the customs official and / or the vet on duty. 

If your pet is traveling as manifest cargo, they will be taken to the Animal Reception Centre. There, their documentation will be reviewed by the staff of the ARC to ensure all is in order. At the same time, relevant customs formalities will be completed by staff based at the arriving airport. 

 

4. How long does the travel paperwork and other travel preparations take?

This depends entirely on the location that your pet is traveling to. Your pet relocation compnay will provide you with an accurate timeline of how long the relevant preparations will take and at what point in the process the various steps must be taken.

In some cases they can get your pet ‘travel ready’ in a few days. In others it can be up to six months or more.

 

5. What vaccinations does my pet need to travel?

Regardless of where your pet is traveling, they will need certain vaccinations. The exact vaccinations they need are entirely dependent on the location they are traveling to. The one vaccination that is mandatory for every country your pet may travel to is a rabies vaccination.

Other vaccinations may also be necessary. These will be advised to you as relevant. In every situation, it is essential to keep your vaccinations current and to not miss a due date, even by one day. To do so could severely hinder your pets travel plans.

Source: Pawsome Pets UAE

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.