Yahya Al Aridi spokesman for the Syrian High Negotiations Committee. Reuters
Yahya Al Aridi spokesman for the Syrian High Negotiations Committee. Reuters

UN envoy to Syria failed because he trusted regime's willingness to find peace: opposition spokesman



The outgoing UN envoy to Syria failed to bring peace to the war-torn country because of his trust in the Syrian regime's willingness to participate in political negotiations, the opposition spokesman told The National.

Yahya Al Aridi said on Tuesday Staffan de Mistura should have ended his mission years ago, upon realising President Bashar Al Assad's resistance to a non-military settlement.

"He was highly experienced and patient with the warring sides," said Mr Al Aridi. However, "De Mistura should have said that the regime made his mission impossible but he didn't and that cost Syrians blood and devastation".

After four years as Syria's chief mediator – tasked with bringing the country's warring sides together – Mr de Mistura announced last week he would soon step down, citing personal reasons.

The move follows a series of military victories by Mr Al Assad's military, backed by Iran and Russia, and the loss of rebel territory.

A political solution, however, remains elusive.

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Syria's porous borders

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The opposition spokesman says Mr de Mistura attempted to adjust and develop the situation but fell victim to the regime's efforts to obstruct the peace process.

"Staffan de Mistura is a UN employee, this is not a permanent post, but he has a mission to accomplish peace," said Mr Al Aridi. "However, due to complications, he failed."

The Italian-Swedish diplomat, the longest-serving envoy, battled to bring the opposition and the regime to the negotiating table. But his efforts were to no avail.

"He had many difficulties because one party did not want to get involved in the political process, this is why we had many difficulties," Mr Al Aridi said, in reference to Mr Al Assad's government.

Even in his final weeks in charge, Mr de Mistura called for a political solution, warning against a violent alternative.

Possible replacements include UN Iraq envoy Jan Kubis, former Algerian foreign minister Ramtane Lamamra, UN Middle East envoy Nickolay Mladenov and Norway’s ambassador to China Geir Pedersen.

Meanwhile European leaders, along with Turkish President Recep Tayyip Erdogan and his Russian counterpart Vladmir Putin, are expected to hold a summit on the Syria on Saturday.

The talks aim to identify the best ways to avoid a humanitarian catastrophe in the northern province of Idlib, by ensuring a ceasefire between the regime and rebel forces remains in place.

Mr Erdogan has on three occasions attended trilateral summits on Syria with Mr Putin and Iranian President Hassan Rouhani. But this is the first time a meeting will bring the Turkish and Russian strongmen together with the EU's two most significant leaders, Chancellor Angela Merkel and President Emmanuel Macron.

The ceasefire, known as the Idlib agreement, was brokered by Ankara and Moscow and announced in September. It aims to create a demilitarised buffer zone ringing the Idlib region, home to three million people and sought to avoid an attack by Mr Al Assad and the mass exodus of civilians across the Turkish border.

According to the deal, the zone would separate rebel and regime zones under the supervision of the two sponsor countries.

"This summit  aims to support the Sochi agreement on Idlib. It needs to be solidified, and the attempts by the regime to sabotage it should stop," Mr Al Aridi said.

NO OTHER LAND

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

Stars: Basel Adra, Yuval Abraham

Rating: 3.5/5

Stree

Producer: Maddock Films, Jio Movies
Director: Amar Kaushik
Cast: Rajkummar Rao, Shraddha Kapoor, Pankaj Tripathi, Aparshakti Khurana, Abhishek Banerjee
Rating: 3.5

THE LIGHT

Director: Tom Tykwer

Starring: Tala Al Deen, Nicolette Krebitz, Lars Eidinger

Rating: 3/5

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.
The%20specs%20
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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

UAE currency: the story behind the money in your pockets
Thank You for Banking with Us

Director: Laila Abbas

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

Rating: 4/5

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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 
At a glance

Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.

 

Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year

 

Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month

 

Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30 

 

Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse

 

Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth

 

Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances

THE%20SWIMMERS
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THE SPECS

Engine: 6.75-litre twin-turbocharged V12 petrol engine 

Power: 420kW

Torque: 780Nm

Transmission: 8-speed automatic

Price: From Dh1,350,000

On sale: Available for preorder now

A MINECRAFT MOVIE

Director: Jared Hess

Starring: Jack Black, Jennifer Coolidge, Jason Momoa

Rating: 3/5

Company profile

Name: Tratok Portal

Founded: 2017

Based: UAE

Sector: Travel & tourism

Size: 36 employees

Funding: Privately funded

COMPANY%20PROFILE%20
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Other ways to buy used products in the UAE

UAE insurance firm Al Wathba National Insurance Company (AWNIC) last year launched an e-commerce website with a facility enabling users to buy car wrecks.

Bidders and potential buyers register on the online salvage car auction portal to view vehicles, review condition reports, or arrange physical surveys, and then start bidding for motors they plan to restore or harvest for parts.

Physical salvage car auctions are a common method for insurers around the world to move on heavily damaged vehicles, but AWNIC is one of the few UAE insurers to offer such services online.

For cars and less sizeable items such as bicycles and furniture, Dubizzle is arguably the best-known marketplace for pre-loved.

Founded in 2005, in recent years it has been joined by a plethora of Facebook community pages for shifting used goods, including Abu Dhabi Marketplace, Flea Market UAE and Arabian Ranches Souq Market while sites such as The Luxury Closet and Riot deal largely in second-hand fashion.

At the high-end of the pre-used spectrum, resellers such as Timepiece360.ae, WatchBox Middle East and Watches Market Dubai deal in authenticated second-hand luxury timepieces from brands such as Rolex, Hublot and Tag Heuer, with a warranty.

The specs

Engine: 2.0-litre 4-cylturbo

Transmission: seven-speed DSG automatic

Power: 242bhp

Torque: 370Nm

Price: Dh136,814

How to play the stock market recovery in 2021?

If you are looking to build your long-term wealth in 2021 and beyond, the stock market is still the best place to do it as equities powered on despite the pandemic.

Investing in individual stocks is not for everyone and most private investors should stick to mutual funds and ETFs, but there are some thrilling opportunities for those who understand the risks.

Peter Garnry, head of equity strategy at Saxo Bank, says the 20 best-performing US and European stocks have delivered an average return year-to-date of 148 per cent, measured in local currency terms.

Online marketplace Etsy was the best performer with a return of 330.6 per cent, followed by communications software company Sinch (315.4 per cent), online supermarket HelloFresh (232.8 per cent) and fuel cells specialist NEL (191.7 per cent).

Mr Garnry says digital companies benefited from the lockdown, while green energy firms flew as efforts to combat climate change were ramped up, helped in part by the European Union’s green deal. 

Electric car company Tesla would be on the list if it had been part of the S&P 500 Index, but it only joined on December 21. “Tesla has become one of the most valuable companies in the world this year as demand for electric vehicles has grown dramatically,” Mr Garnry says.

By contrast, the 20 worst-performing European stocks fell 54 per cent on average, with European banks hit by the economic fallout from the pandemic, while cruise liners and airline stocks suffered due to travel restrictions.

As demand for energy fell, the oil and gas industry had a tough year, too.

Mr Garnry says the biggest story this year was the “absolute crunch” in so-called value stocks, companies that trade at low valuations compared to their earnings and growth potential.

He says they are “heavily tilted towards financials, miners, energy, utilities and industrials, which have all been hit hard by the Covid-19 pandemic”. “The last year saw these cheap stocks become cheaper and expensive stocks have become more expensive.” 

This has triggered excited talk about the “great value rotation” but Mr Garnry remains sceptical. “We need to see a breakout of interest rates combined with higher inflation before we join the crowd.”

Always remember that past performance is not a guarantee of future returns. Last year’s winners often turn out to be this year’s losers, and vice-versa.

Seemar’s top six for the Dubai World Cup Carnival:

1. Reynaldothewizard
2. North America
3. Raven’s Corner
4. Hawkesbury
5. New Maharajah
6. Secret Ambition

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