Beijing's success



As the 2008 Olympic Games closed on Sunday, the Los Angeles Times said: "They were a triumph of the will for a people and a government determined to show their skill and confidence, as both athletes and organisers, to a world that once treated China as a weak, servile nation." The Washington Times said that while outsiders might wonder whether spending $44 billion on the Beijing Games could be justified: "most Chinese, like 21-year-old Wu Bo, a university student from eastern Anhui province on his first trip to the capital, see no need for even the most cursory of postmortems. They made up their minds two weeks ago. " 'These Olympics have been the most successful in history, and coming to see them has been a once-in-a-lifetime opportunity,' said Mr Wu, as he took a picture of a leafy replica of the Great Wall that has been erected in the downtown area. " 'Cost just isn't an issue, because hosting the Olympics is a long-term plan for the whole of China. The stadiums will be used again. The economy will be boosted, and the Olympics will have consolidated China's international status.' " The Washington Post said: "The Chinese never tried to hide how much a 'successful' Olympics meant to them, which they defined, in part, as one unblemished by reality. Attempts at protest were quashed; unsightly houses were bulldozed or hidden behind new fences draped with banners; restaurants were told to remove dog meat from menus. Many tourists have been all too cognizant of what is going on. In some cases, they recoiled from Chinese efforts at control, such as the legions of overeager volunteer squads, always smiling but often firmly preventing tourists from going places they want to go. " 'It's very oppressive here,' complained John Janssens, 34, as the Brussels native sat in a square on the Olympic Green, eating takeout spicy noodles before heading to the Bird's Nest for a hurdles final. 'They make too much effort to make everything perfect.' "Mark Wilson, a 25-year-old technology consultant from London, said he had expected the Chinese would be friendly but had not expected to feel the same pressure to be nice. 'I constantly get the feeling that I shouldn't say anything that could be a slur against China. I feel a lot of pressure to "get" the image,' Wilson said. 'I'd like to come back after the Olympics and see what it's really like.' " McClatchy Newspapers reported: "While US athletes have stayed silent about politics during these Olympic Games, their actions have spoken volumes. "First came the decision by US team captains to pick runner Lopez Lomong, who was a Sudanese war refugee, to lead the US delegation into the Aug 8 opening ceremony as the team's flag bearer. "Many interpreted Lomong's selection as a dig at the Chinese government's support of Sudan, which has armed militias that have killed hundreds of thousands of people in the country's Darfur region. "On Friday night, the US team entered the political fray again by choosing archer Khatuna Lorig, who was born in what is now the country of Georgia, to be the US flag bearer in Sunday's closing ceremony." In an editorial, The New York Times said: "To win the right to host these Games, China promised to honour the Olympic ideals of nonviolence, openness to the world and individual expression. Those promises were systematically broken, starting with this spring's brutal repression in Tibet and continuing on to the ugly farce of inviting its citizens to apply for legal protest permits and then arresting them if they actually tried to do so. "Along the way, government critics were pre-emptively rounded up and jailed, domestic news outlets tightly controlled, foreign journalists denied full access to the Internet and thousands of Beijing's least telegenic residents were evicted from their homes and out of camera range. On Friday, the Chinese police confirmed that six Americans protesting China's rule in Tibet had been sentenced to 10 days of detention. "Surely one of the signature events of these Games was the sentencing of two women in their late 70s to 're-education through labour.' Their crime? Applying for permission to protest the inadequate compensation they felt they had received when the government seized their homes years ago for urban redevelopment." As the handover of Olympic hosts goes from Beijing to London, The Washington Post noted: "This week, a hero's welcome awaits Team GB (as its Olympians are known), which will be flown home on a British Airways 747 with its nose painted gold in honor of Britain's best Olympic showing in a century. "Some are hailing Britain's performance at the Beijing Games - in fourth place through Saturday's events with 47 medals, including 19 golds - as the 'Great Haul of China.' "And with it, the country that had grown inured to its also-ran status on the world's playing fields has developed a swagger, giddy over what its athletes achieved in Beijing and what that portends for 2012, when London will host the Olympics."

Breaking the Gaza siege

"Israel's decision to allow two boats carrying international activists into Gaza's port on Saturday was a 'one-time' event and did not constitute a decision by the government to allow sea access to the blockaded Palestinian territory," The Jersualem Post reported. "Carrying foreign activists from the US-based Free Gaza Movement, the two boats set sail from Cyprus on Friday and arrived in Gaza on Saturday. They received a warm welcome from thousands of jubilant Palestinians after a voyage marred by communications troubles and rough seas. "The 46 activists from 14 countries include an 81-year-old Catholic nun and Lauren Booth, the sister-in-law of Quartet Middle East envoy Tony Blair. The organisations participating in the Free Gaza movement include the International Solidarity Movement." Ynet said: "Prof Jeff Halper, a former anthropology lecturer at the Ben Gurion University and the head of the Israeli Committee against House Demolitions, was the only Israeli aboard the human rights boat which made its ways to the Gaza Strip shores on Saturday. "In a phone interview with Ynet, Halper spoke about the reasons which motivated him and other left-wing activists to try and break the siege on the Strip: 'There are people here yearning to live in peace with us, yearning for freedom. " 'All these restrictions, they're not just for security reasons, they're symptomatic to something much, much deeper.' " Al Jazeera reported: "Ismail Haniya, the Hamas leader and dismissed Palestinian prime minster, called on the world to follow the example of the international activists movement and 'break the siege on Gaza'. " 'We deeply appreciate and salute the activists on the two boats', Haniya told Al Jazeera in a phone interview. "Haniya said that it was time for Egypt to reopen the Rafah crossing and end the siege once and for all." Haaretz said Palestinian President Mahmoud Abbas also praised the activists. AFP reported: "Arab League chief Amr Mussa on Sunday hailed the 'daring step' taken by pro-Palestinian activists whose boats docked in the Gaza Strip despite a tight Israeli blockade of the Hamas-ruled territory. " 'The act of protest against the Gaza blockade and the solidarity shown by these pro-Palestinian activists sends a strong message highlighting the suffering endured by the people of Gaza,' Mussa said in a statement. "The head of the pan-Arab body said he hoped this was the beginning of a wider movement by campaigners from around the world to express their rejection of a blockade he said violated international humanitarian law." Reporting for Time magazine from Gaza City, Tim McGirk said: "The cruise into Gaza was bracingly celebrity-free. As Jeff Halper, the sole Israeli aboard the 'Free Gaza' flotilla, says: 'We didn't have anybody famous. It was old-fashioned "people power." We just wanted to show what happens when ordinary people from around the world get together to try breaking this immoral siege on Gaza.' "

Iraqi government wants to break up the Sunni Awakening movement

"An emboldened Iraqi government has launched an aggressive campaign to disband a US-funded force of Sunni Arab fighters that has been key to Iraq's fragile peace, arresting prominent members and sending others into hiding or exile as their former patrons in the American military reluctantly stand by," the Los Angeles Times reported. "The Shiite Muslim-led government has long distrusted the fighters, many of whom are former insurgents. Senior Shiite politicians label some of the members murderers, and warn that there is no long-term obligation to employ them after their units are disbanded. " 'The ones in Baghdad and Diyala province just changed their T-shirts. There are large numbers who were really al Qa'eda. We have to really look hard for those elements without blood on their hands,' said Haidar Abadi, a lawmaker from Prime Minister Nouri Maliki's Islamic Dawa Party. The New York Times reported from Kirkuk that: "a suicide bombing killed at least five people and wounded at least seven, including Abdul Kareem Ahmed al-Obaydi, a prominent member of the American-backed Sunni forces known as Awakening Councils. "The bomber detonated an explosives-filled vest inside an automobile dealership in a southern area of the city, according to Maj Salih al-Lihabi of the Kirkuk police. "Mr Obaydi, the leader of the Awakening movement in Diyala Province, his son and two bodyguards were killed when the bomb exploded, a few minutes after 7 pm."

The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

Turning%20waste%20into%20fuel
%3Cp%3EAverage%20amount%20of%20biofuel%20produced%20at%20DIC%20factory%20every%20month%3A%20%3Cstrong%3EApproximately%20106%2C000%20litres%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3EAmount%20of%20biofuel%20produced%20from%201%20litre%20of%20used%20cooking%20oil%3A%20%3Cstrong%3E920ml%20(92%25)%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3ETime%20required%20for%20one%20full%20cycle%20of%20production%20from%20used%20cooking%20oil%20to%20biofuel%3A%20%3Cstrong%3EOne%20day%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3EEnergy%20requirements%20for%20one%20cycle%20of%20production%20from%201%2C000%20litres%20of%20used%20cooking%20oil%3A%3Cbr%3E%3Cstrong%3E%E2%96%AA%20Electricity%20-%201.1904%20units%3Cbr%3E%E2%96%AA%20Water-%2031%20litres%3Cbr%3E%E2%96%AA%20Diesel%20%E2%80%93%2026.275%20litres%3C%2Fstrong%3E%3C%2Fp%3E%0A
Skewed figures

In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458. 

NO OTHER LAND

Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal

Stars: Basel Adra, Yuval Abraham

Rating: 3.5/5

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
The specs
Engine: 4.0-litre flat-six
Power: 510hp at 9,000rpm
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Price: From Dh801,800
FIGHT CARD

Bantamweight Hamza Bougamza (MAR) v Jalal Al Daaja (JOR)

Catchweight 67kg Mohamed El Mesbahi (MAR) v Fouad Mesdari (ALG)

Lighweight Abdullah Mohammed Ali (UAE) v Abdelhak Amhidra (MAR)

Catchweight 73kg Mostafa Ibrahim Radi (PAL) v Yazid Chouchane (ALG)

Middleweight Yousri Belgaroui (TUN) v Badreddine Diani (MAR)

Catchweight 78kg Rashed Dawood (UAE) v Adnan Bushashy (ALG)

Middleweight Sallaheddine Dekhissi (MAR) v Abdel Emam (EGY)

Catchweight 65kg Rachid Hazoume (MAR) v Yanis Ghemmouri (ALG)

Lighweight Mohammed Yahya (UAE) v Azouz Anwar (EGY)

Catchweight 79kg Omar Hussein (PAL) v Souhil Tahiri (ALG)

Middleweight Tarek Suleiman (SYR) v Laid Zerhouni (ALG)

World record transfers

1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m

COMPANY PROFILE

Company: Bidzi

● Started: 2024

● Founders: Akshay Dosaj and Asif Rashid

● Based: Dubai, UAE

● Industry: M&A

● Funding size: Bootstrapped

● No of employees: Nine

A MINECRAFT MOVIE

Director: Jared Hess

Starring: Jack Black, Jennifer Coolidge, Jason Momoa

Rating: 3/5

Company%20profile
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The%20specs
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The specs

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

On sale: Now

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How much sugar is in chocolate Easter eggs?
  • The 169g Crunchie egg has 15.9g of sugar per 25g serving, working out at around 107g of sugar per egg
  • The 190g Maltesers Teasers egg contains 58g of sugar per 100g for the egg and 19.6g of sugar in each of the two Teasers bars that come with it
  • The 188g Smarties egg has 113g of sugar per egg and 22.8g in the tube of Smarties it contains
  • The Milky Bar white chocolate Egg Hunt Pack contains eight eggs at 7.7g of sugar per egg
  • The Cadbury Creme Egg contains 26g of sugar per 40g egg
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Floward%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3ERiyadh%2C%20Saudi%20Arabia%0D%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EAbdulaziz%20Al%20Loughani%20and%20Mohamed%20Al%20Arifi%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EE-commerce%0D%3Cbr%3E%3Cstrong%3ETotal%20funding%3A%20%3C%2Fstrong%3EAbout%20%24200%20million%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EAljazira%20Capital%2C%20Rainwater%20Partners%2C%20STV%20and%20Impact46%0D%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%20%3C%2Fstrong%3E1%2C200%3C%2Fp%3E%0A
MATCH DETAILS

Barcelona 0

Slavia Prague 0

Blackpink World Tour [Born Pink] In Cinemas

Starring: Rose, Jisoo, Jennie, Lisa

Directors: Min Geun, Oh Yoon-Dong

Rating: 3/5

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.

THE SPECS

Engine: Four-cylinder 2.5-litre

Transmission: Seven-speed auto

Power: 165hp

Torque: 241Nm

Price: Dh99,900 to Dh134,000

On sale: now

The specs: 2018 Mercedes-Benz S 450

Price, base / as tested Dh525,000 / Dh559,000

Engine: 3.0L V6 biturbo

Transmission: Nine-speed automatic

Power: 369hp at 5,500rpm

Torque: 500Nm at 1,800rpm

Fuel economy, combined: 8.0L / 100km

Test

Director: S Sashikanth

Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan

Star rating: 2/5

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

THE%20SWIMMERS
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ESally%20El-Hosaini%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3ENathalie%20Issa%2C%20Manal%20Issa%2C%20Ahmed%20Malek%20and%20Ali%20Suliman%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E4%2F5%3C%2Fp%3E%0A
The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

EMERGENCY PHONE NUMBERS

Estijaba – 8001717 –  number to call to request coronavirus testing

Ministry of Health and Prevention – 80011111

Dubai Health Authority – 800342 – The number to book a free video or voice consultation with a doctor or connect to a local health centre

Emirates airline – 600555555

Etihad Airways – 600555666

Ambulance – 998

Knowledge and Human Development Authority – 8005432 ext. 4 for Covid-19 queries

In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

Volvo ES90 Specs

Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)

Power: 333hp, 449hp, 680hp

Torque: 480Nm, 670Nm, 870Nm

On sale: Later in 2025 or early 2026, depending on region

Price: Exact regional pricing TBA

Honeymoonish
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COMPANY%20PROFILE
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Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

COMPANY%20PROFILE
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COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
On sale: Now
Price: From Dh158,000 (Cooper), Dh168,000 (Aceman), Dh190,000 (Countryman)

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.”

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The Baghdad Clock

Shahad Al Rawi, Oneworld

Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.