A woman pushes a stroller as she walks past murals that show migrating Lebanese youths, in Beirut. AFP
A woman pushes a stroller as she walks past murals that show migrating Lebanese youths, in Beirut. AFP
A woman pushes a stroller as she walks past murals that show migrating Lebanese youths, in Beirut. AFP
A woman pushes a stroller as she walks past murals that show migrating Lebanese youths, in Beirut. AFP


The world's economic recovery is bound to be uneven but let's make it minimally so


  • English
  • Arabic

September 21, 2021

In recent weeks, there have been forecasts of better economic growth. Signs of trade and commerce picking up are visible around the world. Don’t be distracted by the volatility of stock markets – they have offered a distorted picture of reality for some time. Rising prices and creaking supply chains are more reliable indicators of the demand for raw materials and retail goods.

Last week, the United Nations Conference on Trade and Development (Unctad) said the global economy is set to expand by 5.3 per cent this year, to grow at its fastest rate in nearly half a century. The forecasts due from the IMF next month should bear this out too.

It is likely that we are on the cusp of a period of prosperity that will banish much of the doom and gloom of the past few years, even from before the Covid-19 pandemic.

Travel will be back, albeit in an evolved form. Jobs are coming too, although not all the same ones as the roles that have been lost. Education is being overhauled. Quality of life is paramount in the minds of world leaders and decision makers. There will be continued investment in health, although the priorities have changed somewhat. Climate action is spurring innovation and greater efficiency. But what will matter most is universal access to all of this.

The UN also warned that the recovery will be uneven across geographies, sectors, income levels and developing countries face the threat of a "lost decade". Almost as if decades of progress spurred by deglobalisation is being unwound to recreate the kind of global north-south divide, like we had in the 1980s.

“These widening gaps, both domestic and international, are a reminder that underlying conditions, if left in place, will make resilience and growth luxuries enjoyed by fewer and fewer privileged people,” said Rebeca Grynspan, the secretary-general of Unctad. “Without bolder policies that reflect reinvigorated multilateralism, the post-pandemic recovery will lack equity, and fail to meet the challenges of our time.”

What will those who benefit most from the economic recovery do with this warning? Can we afford to simply enjoy our good fortune and not think of the inequality of riches? Should we doom ourselves to live out another cycle of boom and bust?

The overarching lesson of the pandemic and the rolling crises of the past decade must surely be that we are all connected, no matter how inconvenient that may be. Contagion is very real.

In the Middle East, people are already missing out on the rebound. Forget prospering; in Gaza, Yemen, parts of Syria and Iraq and Lebanon, people are struggling for dignity.

Covid-19 vaccine rates are frighteningly low in parts of the region – below 1 per cent in Syria and Yemen, according to Ourworldindata.org. After a visit to Lebanon this past weekend, World Health Organisation director general Tedros Adhanom Ghebreyesus warned: “Since the Beirut port blast last year, the country and its people have slipped even further into despair. The current economic crisis has increased poverty across the country, and all sectors including health, are at risk of collapse.”

Yemeni youths ride donkeys loaded with jerrycans used for carrying water in the southern city of Aden. AFP
Yemeni youths ride donkeys loaded with jerrycans used for carrying water in the southern city of Aden. AFP
A girl stands near luggage of Syrian refugees returning home from Beirut, Lebanon. Reuters
A girl stands near luggage of Syrian refugees returning home from Beirut, Lebanon. Reuters

Israeli air strikes on Gaza have resulted in "the widespread destruction of civilian infrastructure", according to the UN. About 186 schools were damaged during the 11-day conflict in May. Israel’s Foreign Minister, Yair Lapid, this month proposed a plan to improve living conditions for Palestinians.

There is a collective responsibility to ensure this proposal becomes a reality. There is also more than altruism at work. Self-interest is at the heart of why inequality and imbalance must be addressed. It is to our benefit for us to tackle together our similar problems.

In the next two decades, for example, about 127 million young people will enter the workforce in the region, facing an unemployment rate of 23 per cent, says consulting firm McKinsey. At the same time, nearly 29 million jobs are at risk of being displaced by 2030 because of automation.

Solutions to this will need to involve lowering barriers and thinking beyond borders. An emerging talent pool of this scale is also a rare opportunity. The danger is that extremists will also view a disaffected and disenfranchised generation as fertile recruiting ground.

There is no time to waste. Governments across the Middle East and North Africa must be required at the minimum to provide jobs, housing, health care and basic services, as well as a sense of safety and security. The time for ideology to be a priority has passed.

Fortunately, a new spirit of detente has emerged in the region. This offers hope that there could be enough momentum to level up across the Middle East. Growing co-operation on climate action also shows the way forward for tackling common problems. This is a moment to seize.

If our coming period of success is to be sustained then we must do our best to leave no one behind. Conflict and poverty will never disappear; however, they can be mitigated. One way to do this is by ensuring that as many people as possible are taken along in the march towards progress and not left pressed up against the proverbial window, watching others benefit from opportunities they are denied simply because of geography.

Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

Available: Now

The Kites

Romain Gary

Penguin Modern Classics

Key figures in the life of the fort

Sheikh Dhiyab bin Isa (ruled 1761-1793) Built Qasr Al Hosn as a watchtower to guard over the only freshwater well on Abu Dhabi island.

Sheikh Shakhbut bin Dhiyab (ruled 1793-1816) Expanded the tower into a small fort and transferred his ruling place of residence from Liwa Oasis to the fort on the island.

Sheikh Tahnoon bin Shakhbut (ruled 1818-1833) Expanded Qasr Al Hosn further as Abu Dhabi grew from a small village of palm huts to a town of more than 5,000 inhabitants.

Sheikh Khalifa bin Shakhbut (ruled 1833-1845) Repaired and fortified the fort.

Sheikh Saeed bin Tahnoon (ruled 1845-1855) Turned Qasr Al Hosn into a strong two-storied structure.

Sheikh Zayed bin Khalifa (ruled 1855-1909) Expanded Qasr Al Hosn further to reflect the emirate's increasing prominence.

Sheikh Shakhbut bin Sultan (ruled 1928-1966) Renovated and enlarged Qasr Al Hosn, adding a decorative arch and two new villas.

Sheikh Zayed bin Sultan (ruled 1966-2004) Moved the royal residence to Al Manhal palace and kept his diwan at Qasr Al Hosn.

Sources: Jayanti Maitra, www.adach.ae

While you're here
RESULT

Kolkata Knight Riders 169-7 (20 ovs)
Rajasthan Royals 144-4 (20 ovs)

Kolkata win by 25 runs

Next match

Sunrisers Hyderabad v Kolkata Knight Riders, Friday, 5.30pm

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The Pope's itinerary

Sunday, February 3, 2019 - Rome to Abu Dhabi
1pm: departure by plane from Rome / Fiumicino to Abu Dhabi
10pm: arrival at Abu Dhabi Presidential Airport


Monday, February 4
12pm: welcome ceremony at the main entrance of the Presidential Palace
12.20pm: visit Abu Dhabi Crown Prince at Presidential Palace
5pm: private meeting with Muslim Council of Elders at Sheikh Zayed Grand Mosque
6.10pm: Inter-religious in the Founder's Memorial


Tuesday, February 5 - Abu Dhabi to Rome
9.15am: private visit to undisclosed cathedral
10.30am: public mass at Zayed Sports City – with a homily by Pope Francis
12.40pm: farewell at Abu Dhabi Presidential Airport
1pm: departure by plane to Rome
5pm: arrival at the Rome / Ciampino International Airport

UAE currency: the story behind the money in your pockets
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How they line up for Sunday's Australian Grand Prix

1 Lewis Hamilton, Mercedes

2 Kimi Raikkonen, Ferrari

3 Sebastian Vettel, Ferrari

4 Max Verstappen, Red Bull

5 Kevin Magnussen, Haas

6 Romain Grosjean, Haas

7 Nico Hulkenberg, Renault

*8 Daniel Ricciardo, Red Bull

9 Carlos Sainz, Renault

10 Valtteri Bottas, Mercedes

11 Fernando Alonso, McLaren

12 Stoffel Vandoorne, McLaren

13 Sergio Perez, Force India

14 Lance Stroll, Williams

15 Esteban Ocon, Force India

16 Brendon Hartley, Toro Rosso

17 Marcus Ericsson, Sauber

18 Charles Leclerc, Sauber

19 Sergey Sirotkin, Williams

20 Pierre Gasly, Toro Rosso

* Daniel Ricciardo qualified fifth but had a three-place grid penalty for speeding in red flag conditions during practice

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Tips for job-seekers
  • Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
  • Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.

David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East

David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

Other acts on the Jazz Garden bill

Sharrie Williams
The American singer is hugely respected in blues circles due to her passionate vocals and songwriting. Born and raised in Michigan, Williams began recording and touring as a teenage gospel singer. Her career took off with the blues band The Wiseguys. Such was the acclaim of their live shows that they toured throughout Europe and in Africa. As a solo artist, Williams has also collaborated with the likes of the late Dizzy Gillespie, Van Morrison and Mavis Staples.
Lin Rountree
An accomplished smooth jazz artist who blends his chilled approach with R‘n’B. Trained at the Duke Ellington School of the Arts in Washington, DC, Rountree formed his own band in 2004. He has also recorded with the likes of Kem, Dwele and Conya Doss. He comes to Dubai on the back of his new single Pass The Groove, from his forthcoming 2018 album Stronger Still, which may follow his five previous solo albums in cracking the top 10 of the US jazz charts.
Anita Williams
Dubai-based singer Anita Williams will open the night with a set of covers and swing, jazz and blues standards that made her an in-demand singer across the emirate. The Irish singer has been performing in Dubai since 2008 at venues such as MusicHall and Voda Bar. Her Jazz Garden appearance is career highlight as she will use the event to perform the original song Big Blue Eyes, the single from her debut solo album, due for release soon.

Results:

Men's wheelchair 800m T34: 1. Walid Ktila (TUN) 1.44.79; 2. Mohammed Al Hammadi (UAE) 1.45.88; 3. Isaac Towers (GBR) 1.46.46.

How to wear a kandura

Dos

  • Wear the right fabric for the right season and occasion 
  • Always ask for the dress code if you don’t know
  • Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work 
  • Wear 100 per cent cotton under the kandura as most fabrics are polyester

Don’ts 

  • Wear hamdania for work, always wear a ghutra and agal 
  • Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
Cricket World Cup League 2 Fixtures

Saturday March 5, UAE v Oman, ICC Academy (all matches start at 9.30am)

Sunday March 6, Oman v Namibia, ICC Academy

Tuesday March 8, UAE v Namibia, ICC Academy

Wednesday March 9, UAE v Oman, ICC Academy

Friday March 11, Oman v Namibia, Sharjah Cricket Stadium

Saturday March 12, UAE v Namibia, Sharjah Cricket Stadium

UAE squad

Ahmed Raza (captain), Chirag Suri, Muhammad Waseem, CP Rizwan, Vriitya Aravind, Asif Khan, Basil Hameed, Rohan Mustafa, Kashif Daud, Zahoor Khan, Junaid Siddique, Karthik Meiyappan, Akif Raja, Rahul Bhatia

If you go

The Flights

Emirates and Etihad fly direct to Johannesburg from Dubai and Abu Dhabi respectively. Economy return tickets cost from Dh2,650, including taxes.

The trip

Worldwide Motorhoming Holidays (worldwidemotorhomingholidays.co.uk) operates fly-drive motorhome holidays in eight destinations, including South Africa. Its 14-day Kruger and the Battlefields itinerary starts from Dh17,500, including campgrounds, excursions, unit hire and flights. Bobo Campers has a range of RVs for hire, including the 4-berth Discoverer 4 from Dh600 per day.

The specs

Engine: 3.0-litre six-cylinder MHEV

Power: 360bhp

Torque: 500Nm

Transmission: eight-speed automatic

Price: from Dh282,870

On sale: now

Updated: September 21, 2021, 2:07 PM`