Barack Obama inspects the remains of a missile during a visit to Sderot in southern Israel yesterday.
Barack Obama inspects the remains of a missile during a visit to Sderot in southern Israel yesterday.

Obama vows to resolve conflict



JERUSALEM // He came, he saw, he spoke. Barack Obama, the Democratic presidential hopeful, squeezed an awful lot into what was, in effect, a one-day visit to Israel and the Palestinian Territories. In the process, he created a media brouhaha extraordinary even in a place so used to high-profile visitors.

And in Sderot, the southern Israeli town so often a target for rocket fire from the Gaza Strip, he addressed the media in a wide-ranging press conference, sounding assured even if he offered little evidence that he would bring anything new to the Palestinian-Israeli conflict. "We need something meaningful," Mr Obama said about a potential peace agreement between Palestinians and Israelis that he said was in the interests of both sides, "not just a piece of paper".

He vowed that an Obama administration would work from day one on resolving the conflict and would be in it for the long term. He also said any peace agreement could not come at the expense of Israel's security. The closest he got to controversy was to say that Jerusalem "should not be sliced in half", omitting to mention Palestinian aspirations to have their capital there, but not repeating a previous statement that the city should remain the "undivided capital of Israel".

In all, Mr Obama played the role of US presidential contender as expected, but for all the hype surrounding the young senator's visit, some remained distinctly underwhelmed. "Who?" asked Khalid Omar, 24, a labourer working on a construction site about a hundred metres from where Mr Obama had earlier met Mahmoud Abbas, the Palestinian president, in Ramallah. "I don't care," he said when it was explained who Mr Obama was. "All American presidents support Israel. This one will not be different."

In one respect, however, Mr Obama has already proven himself different at least from his rival, John McCain, whose visit in March did not include a swing by Ramallah to see Palestinian leaders. It was a point not lost on Abdullah Abdullah, a senior Fatah official and a member of the Palestinian Legislative Council. The fact that Mr Obama chose to come to Ramallah was positive, he said, for a number of reasons.

"He saw the Palestinian side as a partner and he wanted to know first hand what we had to say. And, if he gets elected, he will not need time to set priorities, he can start work from day one." Mr Abdullah set little store in Mr Obama's remarks last month in Washington to a meeting of Aipac, a pro-Israel lobbying group, that Jerusalem should remain the undivided capital of Israel. "I think it was courageous of him to correct those remarks on Jerusalem," Mr Abdullah said. "Because that correction will cost him votes."

As it was reflected in his itinerary, however, Mr Obama was more concerned in this visit with impressing upon Israel and Israel's influential supporters back home that he will continue US support for the country than with showing Palestinians he would adopt a more even-handed approach to the conflict. Mr Obama's Muslim background is viewed with some suspicion in Israel where statements showing sympathy for Palestinian suffering and a willingness to talk to Tehran have been long noted while efforts to emphasise the more traditional, unwavering support for Israel have not entirely convinced. In Israel, Mr Obama has nothing like the popularity he has back home.

Thus, his just-short-of-an-hour stop in Ramallah notwithstanding, Mr Obama made sure to make the rounds of all the obligatory stops in Israel, taking in the Holocaust Museum in Jerusalem and Sderot. Yet in spite of his unequivocal comments there in support of Israel's security it will take more to convince some Israelis. "I don't think Obama can be good for Israel or America," said Michael, 46, a uniformed private security guard at a popular restaurant in West Jerusalem. "He has a Muslim background. He can't be very educated."

Michael, whose job it is to body search people and check their bags to deter potential suicide bombers, did not want to give his last name, but was not shy of trumpeting his support for Mr McCain, who was "a true friend of Israel". "If you poll the security establishment," said Yossi Alpher, an Israeli political analyst, "the majority would be for McCain. He's got the security background and he's tough on terrorism. But there's a lot of curiosity about Obama. He's a phenomenon."

Mr Alpher said it was hard to set much store in Mr Obama's comments about the conflict during campaigning, and questioned how much of a difference he could make if elected. "There are four major Middle East issues: Iraq, Iran, Syria/Lebanon and Israel and the Palestinians," Mr Alpher said. "Of these, Iraq and Iran will have to top the priorities for the next American president and any US administration has only so many resources to devote to resolving serious crises, so I am not sure we will see a huge change here."

In Gaza, Ghazi Hamad, a Hamas official, also had little expectation of change. He dismissed Mr Obama's remarks on Jerusalem as "campaigning", but said US support for Israel was institutional rather than political and no one man could do much to change that. "For anyone who wants to win a US election, Israel is key," Mr Hamad said. "I think it will not be easy for Obama to change US policy on Israel. America supports Israel in all aspects and shows little sympathy for Palestinian suffering. I am not optimistic about Obama."

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Starring: Michael B Jordan

4/5

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Sector: Sustainability
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Name: Xpanceo

Started: 2018

Founders: Roman Axelrod, Valentyn Volkov

Based: Dubai, UAE

Industry: Smart contact lenses, augmented/virtual reality

Funding: $40 million

Investor: Opportunity Venture (Asia)

TOURNAMENT INFO

Fixtures
Sunday January 5 - Oman v UAE
Monday January 6 - UAE v Namibia
Wednesday January 8 - Oman v Namibia
Thursday January 9 - Oman v UAE
Saturday January 11 - UAE v Namibia
Sunday January 12 – Oman v Namibia

UAE squad
Ahmed Raza (captain), Rohan Mustafa, Mohammed Usman, CP Rizwan, Waheed Ahmed, Zawar Farid, Darius D’Silva, Karthik Meiyappan, Jonathan Figy, Vriitya Aravind, Zahoor Khan, Junaid Siddique, Basil Hameed, Chirag Suri

BRIEF SCORES:

Toss: Nepal, chose to field

UAE 153-6: Shaiman (59), Usman (30); Regmi 2-23

Nepal 132-7: Jora 53 not out; Zahoor 2-17

Result: UAE won by 21 runs

Series: UAE lead 1-0

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Name: Akeed

Based: Muscat

Launch year: 2018

Number of employees: 40

Sector: Online food delivery

Funding: Raised $3.2m since inception 

PROFILE OF SWVL

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Founders: Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh

Based: Cairo, Egypt

Sector: transport

Size: 450 employees

Investment: approximately $80 million

Investors include: Dubai’s Beco Capital, US’s Endeavor Catalyst, China’s MSA, Egypt’s Sawari Ventures, Sweden’s Vostok New Ventures, Property Finder CEO Michael Lahyani

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435 – UAE

2,000 – China

808 – United Kingdom

165 – Argentina

38 – Lebanon

16 – Saudi Arabia

16 – Bangladesh

6 – Ireland

3 – Egypt

3 – France

2 – Sudan

1 – Kuwait

1 – Australia
 

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Starring: Raed Zeno, Hadi Awada, Dr Mohammad Abdalla

Director: Raed Zeno

Rating: 4/5

NINE WINLESS GAMES

Arsenal 2-2 Crystal Palace (Oct 27, PL)

Liverpool 5-5 Arsenal  (Oct 30, EFL)

Arsenal 1-1 Wolves (Nov 02, PL)

Vitoria Guimaraes 1-1 Arsenal  (Nov 6, Europa)

Leicester 2-0 Arsenal (Nov 9, PL)

Arsenal 2-2 Southampton (Nov 23, PL)

Arsenal 1-2 Eintracht Frankfurt (Nov 28, Europa)

Norwich 2-2 Arsenal (Dec 01, PL)

Arsenal 1-2 Brighton (Dec 05, PL)

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Results

4.30pm Jebel Jais – Maiden (PA) Dh60,000 (Turf) 1,000m; Winner: MM Al Balqaa, Bernardo Pinheiro (jockey), Qaiss Aboud (trainer)

5pm: Jabel Faya – Maiden (PA) Dh60,000 (T) 1,000m; Winner: AF Rasam, Tadhg O’Shea, Ernst Oertel

5.30pm: Al Wathba Stallions Cup – Handicap (PA) Dh70,000 (T) 2,200m; Winner: AF Mukhrej, Tadhg O’Shea, Ernst Oertel

6pm: The President’s Cup Prep – Conditions (PA) Dh100,000 (T) 2,200m; Winner: Mujeeb, Richard Mullen, Salem Al Ketbi

6.30pm: Abu Dhabi Equestrian Club – Prestige (PA) Dh125,000 (T) 1,600m; Winner: Jawal Al Reef, Antonio Fresu, Abubakar Daud

7pm: Al Ruwais – Group 3 (PA) Dh300,000 (T) 1,200m; Winner: Ashton Tourettes, Pat Dobbs, Ibrahim Aseel

7.30pm: Jebel Hafeet – Maiden (TB) Dh80,000 (T) 1,400m; Winner: Nibraas, Richard Mullen, Nicholas Bachalard

Thank You for Banking with Us

Director: Laila Abbas

Starring: Yasmine Al Massri, Clara Khoury, Kamel El Basha, Ashraf Barhoum

Rating: 4/5

Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

Bloomberg

Racecard

6.30pm: The Madjani Stakes (PA) Group 3 Dh175,000 (Dirt) 1,900m

7.05pm: Maiden (TB) Dh165,000 (D) 1,400m

7.40pm: Maiden (TB) Dh165,000 (D) 1,600m

8.15pm: Handicap (TB) Dh190,000 (D) 1,200m

8.50pm: Dubai Creek Mile (TB) Listed Dh265,000 (D) 1,600m

9.25pm: Handicap (TB) Dh190,000 (D) 1,600m

The National selections

6.30pm: Chaddad

7.05pm: Down On Da Bayou

7.40pm: Mass Media

8.15pm: Rafal

8.50pm: Yulong Warrior

9.25pm: Chiefdom