Last week the interminable Palestinian national reconciliation negotiations failed yet again, amid mutual recriminations. Hamas complained that Palestinian Authority president Mahmoud Abbas was attempting to re-litigate already agreed-upon items. There was also apparently a dispute about the prospect of Mr Abbas serving simultaneously as both president and prime minister.
But the biggest obstacle was the question of new elections. Mr Abbas wanted a fixed date within three months. Hamas negotiators insisted on no date whatsoever. Hamas's position is "unity" must come first, and elections after. This means that the public would have very little input in determining legitimacy during the process of reunification between Hamas and Fatah, and would be consulted, if at all, only in an election long after the fact.
Hamas was also apparently the sole holdout against proportional representation. Meanwhile, the Palestinian Election Commission has been busily restructuring the voter registers in the West Bank, and also in Gaza, where 155,000 new voters have reportedly been added to the rolls.
Hamas, of course, was quick to point the finger squarely at Mr Abbas, but the Palestinian president was having none of it. On Wednesday he said elections would give the Palestinian public the "final word" on the nature of reunification. "However," he added, "our brothers in Hamas do not want us to carry out elections at this stage."
Mr Abbas has threatened to issue two presidential decrees: one announcing new elections and the second announcing the formation of a new government to oversee those elections. But neither can actually be implemented without Hamas's acquiescence.
In spite of all this intense activity, there are few who believe that genuine Palestinian national unity is on the cards anytime soon. Elections are, to say the least, an extremely remote possibility, especially given Hamas's acceptance of them in theory but rejection of them in practice. Fatah, too, may not be quite as keen on balloting as it is able to appear by playing off of Hamas's total rejectionism on the question of voting.
For all of this frenetic bustle, there is very little, if any, movement towards actual unification or reconciliation. The situation on the ground remains completely unchanged, with Hamas firmly entrenched in power in Gaza and the Palestinian Authority somewhat beleaguered but still solidly ensconced in the Palestinian-ruled areas of the West Bank.
The national reconciliation kabuki show has now been going on for well over a year. It is a response to pressure from Arab states, and especially the Palestinian people themselves. Palestinians are well aware of the heavy price paid by this untenable national division.
The question that is starting to emerge now is, how many times can these parties bring the public to the brink of believing that unification is at hand with pompous pronouncements, only to snatch it away at the last second with bickering and turf-protection?
How long can this charade continue to function politically? How long will the Palestinian people sit by and watch with hope and anticipation these implausible efforts to fit the square peg of Hamas's attitudes and policies - intransigence towards Israel, commitment to armed struggle and religiously reactionary attitudes - into the round hole of the leadership in Ramallah which is secular, nationalistic and committed to a negotiated peace agreement with Israel? How can there be unity where there is no consensus on any major issue?
Palestinians seem to have little faith in any of their national leadership groups, and they came by it honestly. Hamas has been a disaster in Gaza, imposing quasi-theocratic and frequently misogynistic social policies, and engaging in reckless armed struggle with Israel at the expense of the lives of innocent people under their rule. The PLO appears to have largely run out of ideas other than symbolic efforts at the United Nations and other multilateral institutions that often carry more practical costs than benefits.
And in spite of the significant successes his institution-building policy enjoyed in the past, Prime Minister Salam Fayyad is now hamstrung by a fiscal crisis that is beyond his power to resolve.
The parties are due to meet again in Cairo on February 27, but few believe there is the basis or even the will to reach an actual reconciliation agreement. The danger is that what will ultimately emerge is a purely cosmetic "unity" government, largely composed of unaffiliated individuals, that will ostensibly prepare for elections which will never actually be held.
A false unity that involves elections that are always scheduled for tomorrow but never for today - and that allows the entrenched and separate security services to continue to dominate their own areas of control - is no solution. This would be a simulacrum of unity without its content, the mere packaging in which actual reconciliation might have come but never does.
At what point will the Palestinian public proactively and dynamically assert its own voice? Are elections, which Hamas seems determined to block, the only way for the public to express its will? The Palestinian public for more than a year now has been demanding national unity. Clearly these two parties, left on their own, are not capable of achieving that, at least not in a constructive and purposive manner.
If Palestinians continue to leave matters to party operatives, who cannot agree on anything, all they can expect is either no unity at all, or a counterfeit unity even worse than debilitating division. There is a future beyond this impasse, but the Palestinian public must find its own alternatives.
Hussein Ibish is a senior fellow at the American Task Force on Palestine in Washington, DC
On Twitter: @Ibishblog
Five famous companies founded by teens
There are numerous success stories of teen businesses that were created in college dorm rooms and other modest circumstances. Below are some of the most recognisable names in the industry:
- Facebook: Mark Zuckerberg and his friends started Facebook when he was a 19-year-old Harvard undergraduate.
- Dell: When Michael Dell was an undergraduate student at Texas University in 1984, he started upgrading computers for profit. He starting working full-time on his business when he was 19. Eventually, his company became the Dell Computer Corporation and then Dell Inc.
- Subway: Fred DeLuca opened the first Subway restaurant when he was 17. In 1965, Mr DeLuca needed extra money for college, so he decided to open his own business. Peter Buck, a family friend, lent him $1,000 and together, they opened Pete’s Super Submarines. A few years later, the company was rebranded and called Subway.
- Mashable: In 2005, Pete Cashmore created Mashable in Scotland when he was a teenager. The site was then a technology blog. Over the next few decades, Mr Cashmore has turned Mashable into a global media company.
- Oculus VR: Palmer Luckey founded Oculus VR in June 2012, when he was 19. In August that year, Oculus launched its Kickstarter campaign and raised more than $1 million in three days. Facebook bought Oculus for $2 billion two years later.
Nick's journey in numbers
Countries so far: 85
Flights: 149
Steps: 3.78 million
Calories: 220,000
Floors climbed: 2,000
Donations: GPB37,300
Prostate checks: 5
Blisters: 15
Bumps on the head: 2
Dog bites: 1
War 2
Director: Ayan Mukerji
Stars: Hrithik Roshan, NTR, Kiara Advani, Ashutosh Rana
Rating: 2/5
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.”
Three ways to limit your social media use
Clinical psychologist, Dr Saliha Afridi at The Lighthouse Arabia suggests three easy things you can do every day to cut back on the time you spend online.
1. Put the social media app in a folder on the second or third screen of your phone so it has to remain a conscious decision to open, rather than something your fingers gravitate towards without consideration.
2. Schedule a time to use social media instead of consistently throughout the day. I recommend setting aside certain times of the day or week when you upload pictures or share information.
3. Take a mental snapshot rather than a photo on your phone. Instead of sharing it with your social world, try to absorb the moment, connect with your feeling, experience the moment with all five of your senses. You will have a memory of that moment more vividly and for far longer than if you take a picture of it.
THE BIO
Favourite car: Koenigsegg Agera RS or Renault Trezor concept car.
Favourite book: I Am Pilgrim by Terry Hayes or Red Notice by Bill Browder.
Biggest inspiration: My husband Nik. He really got me through a lot with his positivity.
Favourite holiday destination: Being at home in Australia, as I travel all over the world for work. It’s great to just hang out with my husband and family.
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
In Full Flight: A Story of Africa and Atonement
John Heminway, Knopff
The Voice of Hind Rajab
Starring: Saja Kilani, Clara Khoury, Motaz Malhees
Director: Kaouther Ben Hania
Rating: 4/5
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
COMPANY%20PROFILE
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The specs
Engine: 3.0-litre twin-turbo flat-six
Power: 480hp at 6,500rpm
Torque: 570Nm from 2,300-5,000rpm
Transmission: 8-speed dual-clutch auto
Fuel consumption: 10.4L/100km
Price: from Dh547,600
On sale: now