Meet our exotic new friends



They may not at first glance, appear to have much in common beyond their relative obscurity. But these four nations all boast newly-inked agreements establishing formal relations with the UAE, the result of a recent flurry of diplomatic activity. From voodoo practitioners and ancient pygmy bones to resettled former Guantanamo Bay inmates, tax refugees and the world's biggest manufacturer of dentures, Haiti, Palau, Monaco and Liechtenstein are nothing if not a varied bunch of countries.

But what do they have in common with the UAE? Well, not a lot, really. Except that all four are among the latest officially to open diplomatic relations with the Emirates. They have agreed to co-operate over trade, cultural and state visits, consular matters involving visas and suchlike. Generally, we've said we'll be nice to each other. The UAE has seen a flurry of activity on that front lately, with Liechtenstein, the most recent signatory, putting pen to paper last Thursday.

At the UN headquarters in New York, Ahmad al Jarman, the Emirates' Ambassador to the UN, shook hands with Christian Wenaweser, his Liechtensteiner counterpart, before both signed the history-making document, smiled winningly for the cameras and, one imagines, sat down to discuss the benefits of false teeth over the genuine article. Perhaps. So does the pact with these new friends mean we will be encouraged to start worshipping loa, the spirits who run the universe, according to Haitian voodoo mythology?

Then again, it might be that there is a move to adopt Palau's traditional matriarchal society, where it is the women of the Pacific Island who bequeath and inherit titles, land and money. Or, perhaps, the UAE will find itself awash with purveyors of Liechstensteiner dentures, plying their wares on every street corner and hoping we start speaking Alemannic, the German dialect common in the little Alpine country? Not quite, says Roland Marxer, the director of Liechtenstein's government office for foreign affairs, who still seems a little confused about the name of the country he has just signed up with. "The principality of Liechtenstein has now officially established diplomatic relations with the UAE. The next step will be that the Government of the UAE will accredit an ambassador to Liechtenstein," he said. "We have a very small country - you cannot find it on the map very easily. The two countries are very different, not just in terms of nature, but also culture. However, that does not mean we cannot find a way of co-operating. It might seem a bit strange to people from the UAE but for us, this is a normal way to operate." Liechtenstein cannot afford to have ambassadors posted in too many countries, so agreeing on diplomatic relations does the job, he said."It means we establish rules concerning the relationship between states rather than between individuals." Those links can help with anything from public and private sector trade deals to speeding up the process to replace lost passports. It follows that officials from each country will get the red-carpet treatment when they visit each other. So how many UAE residents have been to that green and pleasant land in the past? "I wouldn't have the answer to that," said Mr Marxer. What about the other way round, are there plenty of Liechtensteiners hankering for a taste of the Arabian desert and the Emirates' sultry heat? "I don't know," admitted the foreign affairs director. The Liechtenstein tourism board provided a little more information. According to its director, Roland Buchel, 32 people from the UAE visited last year, which amounts to less than 0.0007 per cent of the population. Perhaps as a result of the credit crunch, the figure had plummeted more than 11 per cent from the 36 who travelled to the country in 2007. Mr Buchel, too, was unable to provide the number of Liechtensteiners who visited the UAE. "We would be delighted in welcoming people from the UAE making holidays in Liechtenstein. The better a destination is known, the higher are the chances that people might consider visiting it sooner or later," he added. So, if you do fancy establishing your own diplomatic relations with Liechtenstein, or any of our three other new foreign chums, The National presents a potted guide to each.

A tiny haven for expatriates Ostensibly, it has a fair bit in common with the UAE: both host a Grand Prix, both have favourable tax regimes and both have a love of bling. In addition, about 85 per cent of the population in both countries are expatriates. There, though, the similarities end. Monaco is tiny, covering just under two square kilometres and with a population of fewer than 33,000. It takes an average of just 56 minutes to walk the width of the country - imagine attempting that in the Empty Quarter. Prince Albert II heads this constitutional monarchy, which was declared independent in 1861, although France is still responsible for its defence. It is the second smallest country in the world, after the Vatican City, and home to many wealthy inhabitants. Tourism is a mainstay of the country's income with visitors often drawn by the world-famous casino - although Monaco's citizens are not allowed to gamble there themselves. There is no individual income tax, which has triggered a tide of tax refugees, such as the British billionaire Sir Philip Green, the UK's ninth richest man with a personal fortune of £4.27 billion (Dh26bn), who has taken up residence in Monaco. Before 2002, when the euro was introduced, the country minted its own currency called the Monegasque franc. French is predominantly spoken but Monegasque, the local language, is still taught in schools. Do: Drop anchor in the Monaco harbour for one of the most glamorous trackside spots to watch Formula One, if you have a luxury yacht. Otherwise contend with glitterati-spotting in Monte Carlo. Don't: Say: "The Abu Dhabi Grand Prix is so much better than yours."

A new nation of shark-lovers This Pacific Ocean island 800km east of the Philippines only gained independence from UN trusteeship in 1994 and as such is one of the world's youngest sovereign states. Since then, it has formed diplomatic relations with numerous countries around the world. The tiny nation has some of the world's oldest formal cemeteries, containing the remains of a 3,000-year-old, pygmy-like people. It has enjoyed a rare matriarchal society for thousands of years with land, money and titles passed through the female line. The relatively recent occupation by the Japanese in the First World War established a patriarchal line, which has led to legal clashes between tribes. Spain, Germany and America have also had control over the island at different times, with one of the first European arrivals thought to have been the English sailor captain Henry Wilson, of the East India Company, who was shipwrecked there in 1783. The Japanese invaders established production lines for skipjack tuna and copra, or coconut kernel, in Palau. Aluminium and phosphate are also mined. In June this year, Palau offered to take in 17 Uighurs from Central Asia, who were being held at Guantanamo Bay, as a humanitarian gesture. Controversy followed, however, after it emerged the US had offered to pay Palau at least $90,000 (Dh330,000) for every Uighur who was resettled. Six of the former prisoners have so far been transferred. Do: Praise Palau's plans to create the world's first shark sanctuary, covering 600,000 square kilometres of ocean, after banning all commercial shark fishing. The nation has called for a worldwide ban on the practice. Don't: Say: "Have you seen Sammy the whale shark?" to any natives. The 13ft-long ocean creature has been kept captive in an aquarium at the Atlantis hotel in Dubai for more than a year, despite promises to release it back into the wild.

A landlocked Alpine delight The sixth smallest country in the world and the fourth tiniest in Europe, Liechtenstein is landlocked by Switzerland on one side and Austria on the other. Getting there could be a problem. For a start, it does not have an airport. Tourists have to fly in to Switzerland, then cross the border by car (or, for the very health-conscious, using any of its 90km of bicycle tracks). Measuring just 25km long and 6km wide, it is barely bigger than Manhattan, and is the only country to lie entirely in the Alps. It has numerous hiking and cycling trails and offers spectacular scenery, with dramatic cliffs and lush forests, quaint villages clinging to mountainsides and friendly locals. For a tiny country, it has somehow secured the ignominious glory of being the world's biggest producer of dentures and sausage casings, while other factories also produce ceramics. Other exports are stamps, machinery, wheat, barley, corn and potatoes. Like the UAE, it has a large number of expatriates. Two-thirds of the 35,000-strong population were born outside Liechtenstein and many were drawn by its status as a tax haven - about 75,000 companies have postal addresses in the country because of its favourable business rates. Up to 5,000 British investors have an estimated £3 billion (Dh18bn) stashed in secret accounts in the country, investments which could be hastily withdrawn after the British government recently signed a deal with Liechtenstein to access details of private funds. Prince Hans-Adam II has the power to veto parliamentary decisions and disband government. He won power in 2003 by threatening to move to Austria if he did not get his way. Do: Shout "hoi!" to locals - it's a friendly greeting rather than a rude interruption. Don't: Bang on about how much you love your SUV - Liechtensteiners are big on protecting the environment and even buses run on low-emission natural gas.

Land of voodoo and Bond Mention Haiti and one immediately conjures images of voodoo spells and rituals. The religion has come to be associated with Satanism, zombies and the dark art of sticking pins into dolls to cast voodoo spells on hapless victims. The James Bond film Live and Let Die depicted a devilish Soviet agent using voodoo to control a cult of possessed followers. While Haitians do pin crude dolls to trees near cemeteries, they say their purpose is to send messages to the realm of the dead rather than sorcery. With 80 per cent of Haitians living in poverty, training as a voodoo priest is a lucrative career option. The Creole and French-speaking Caribbean island is just emerging from a turbulent period that saw political turmoil, stark social deprivation, gang violence and kidnappings, and during which time many Haitians fled to exile in the US and Canada. Many foreign offices still warn of an unstable security situation and urge against travelling there, but for those brave enough, the country boasts lively carnivals, music and good food. Arab influences have led to spicy dishes while national staples include rice and beans, red snapper, fried plantain and deep-fried goat. Haiti was home to the only successful slave rebellion in colonial history and the revolution persuaded France to abolish slavery at the end of the 18th century. Do: Mention Wyclef Jean - the Haitian-born pop singer, formerly of The Fugees, is arguably the country's greatest ambassador. Don't: Do zombie impressions on the streets of the capital, Port-au-Prince.

tyaqoob@thenational.ae

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 

Test

Director: S Sashikanth

Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan

Star rating: 2/5

What is type-1 diabetes

Type 1 diabetes is a genetic and unavoidable condition, rather than the lifestyle-related type 2 diabetes.

It occurs mostly in people under 40 and a result of the pancreas failing to produce enough insulin to regulate blood sugars.

Too much or too little blood sugar can result in an attack where sufferers lose consciousness in serious cases.

Being overweight or obese increases the chances of developing the more common type 2 diabetes.

UAE currency: the story behind the money in your pockets
The specs

AT4 Ultimate, as tested

Engine: 6.2-litre V8

Power: 420hp

Torque: 623Nm

Transmission: 10-speed automatic

Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)

On sale: Now

The results of the first round are as follows:

Qais Saied (Independent): 18.4 per cent

Nabil Karoui (Qalb Tounes): 15.58 per cent

Abdelfattah Mourou (Ennahdha party): 12.88 per cent

Abdelkarim Zbidi (two-time defence minister backed by Nidaa Tounes party): 10.7 per cent

Youssef Chahed (former prime minister, leader of Long Live Tunisia): 7.3 per cent

Credits

Produced by: Colour Yellow Productions and Eros Now
Director: Mudassar Aziz
Cast: Sonakshi Sinha, Jimmy Sheirgill, Jassi Gill, Piyush Mishra, Diana Penty, Aparshakti Khurrana
Star rating: 2.5/5

The bio

Favourite book: Peter Rabbit. I used to read it to my three children and still read it myself. If I am feeling down it brings back good memories.

Best thing about your job: Getting to help people. My mum always told me never to pass up an opportunity to do a good deed.

Best part of life in the UAE: The weather. The constant sunshine is amazing and there is always something to do, you have so many options when it comes to how to spend your day.

Favourite holiday destination: Malaysia. I went there for my honeymoon and ended up volunteering to teach local children for a few hours each day. It is such a special place and I plan to retire there one day.

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.”

The smuggler

Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple. 
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.

Khouli conviction

Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.

For sale

A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.

- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico

- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000

- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950

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