Prisoner exchanges and the relative value of lives


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Over the years Israel has made many prisoner exchanges with the Palestinians and the Lebanese. Each one involves a telling calculation of the relative value of the lives involved.

As we approach the December 19 deadline for Israel to release the remaining 550 or more Palestinians who are being traded for Israeli soldier Gilad Shalit, we are reminded again of this economy of human value.

Every time an Israeli, or any westerner for that matter, is held as a political prisoner in an Arab or Islamic country, the whole western world lines up in condemnation and protest, demanding his or her release; there are no protests on that scale when Palestinians are arrested. Even worse is the equating of a uniformed soldier with native Palestinians who are fighting the occupation and colonisation of their lands.

For the families concerned, these things do not of course matter very much, as all they wish for is to see their sons and daughters return safely to their homes and families. But in the current exchange between Hamas and Israel, hundreds of those being released by Israel will be deported from Palestine or released at location within Palestine far from where they live. Family reunification will not always be the end result for which many had hoped.

The deal for Shalit, a corporal when abducted, includes 1,027 convicted Palestinian and Israeli Arab prisoners, None of the top imprisoned political leaders, including Marwan Barghouti, will be released.

Israeli security officials have said that most of the details of the exchange were agreed upon at least a year ago, if not more. Why did both Hamas and the Israeli government take until October of this year to seal the agreement?

By their nature, governments, politicians and political parties often take certain actions for political reasons – local, regional, and/or global. This deal between Hamas and Israel is not an exception.

The pact was finally completed soon after Mahmoud Abbas took the Palestine issue to the United Nations, asking the UN Security Council to recognize Palestine as full UN member state. The deal also came few days after the eruption of large-scale demonstrations, in solidarity with the Palestinian prisoners, all around Palestine, from Haifa to Nazareth to Ramallah.

These two issues must have been large factors in making both Hamas and Israel seal the deal at this moment. Mr Abbas, who leads Fatah,  raised his profile among the Palestinian people by taking the Palestine question to the Security Council, challenging the United States and Israel, and particularly with his speech at the United Nations.

Of course his move produced nothing new from Israel and the US, which cling to their same old policies of dictation, arrogance, and colonization of lands and peoples.

What is significant is that Mr Abbas is about to end his career, and would surely prefer to end it with some dignified position, as if this would repair his reputation after the damage done to it in recent years.

This year's Arab Spring revolutions were also a factor. These changes of government  increased the Palestinian public's unease with politics as usual; a movement calling for change was developing on the ground in the Palestinian territories.

Thus, by going ahead with the exchange Mr Abbas found a way to halt this development, that would have threatened the status quo.

The UN gambit also cornered the Israeli leadership, leaving it even less popular at home and abroad. Making the deal with Hamas now gives Benjamin Netanyahu, the Israeli prime minister,  a chance to kill two birds with one stone: His government is showing the Israeli public that it cares about its citizens, and is demonstrating to the international public that it is ready to negotiate and make deals.

Of course Israel can always arrest another 1,027 – or more –  Palestinians after the releases. Indeed it has already been doing so, all around the West Bank and in Jerusalem.

The UN effort by Mr Abbas had taken some limelight away from Hamas, and the prisoner exchange is now allowing Hamas to score points both locally and regionally. The deal will also naturally weaken the popular movement in solidarity with the prisoners, a movement which as noted above was showing signs of developing into a new political force which could have threatened Hamas in Gaza just as it could have threatened Fatah in the West Bank.

Nothing in this analysis is meant to suggest that the parties and politicians involved are not concerned with their own people and cause. But at the same time we should not pretend that the politics of actions are unknown to politicians.

If real decolonisation of Palestine is the aim, however, real unity among the Palestinians is needed, and political point-scoring will have to be a lesser concern. Unity will be essential for the development of a popular movement to overthrow the racist colonial structure of Israeli settlements, and to reach the goal of not one Palestinian political prisoner remaining hostage in Israeli prisons.



Magid Shihade is an assistant professor of International Studies at Birzeit University, and the author of the recently published Not Just a Soccer Game: Colonialism and Conflict among Palestinians in Israel (published by Syracuse University Press)

Company profile

Name: Back to Games and Boardgame Space

Started: Back to Games (2015); Boardgame Space (Mark Azzam became co-founder in 2017)

Founder: Back to Games (Mr Azzam); Boardgame Space (Mr Azzam and Feras Al Bastaki)

Based: Dubai and Abu Dhabi 

Industry: Back to Games (retail); Boardgame Space (wholesale and distribution) 

Funding: Back to Games: self-funded by Mr Azzam with Dh1.3 million; Mr Azzam invested Dh250,000 in Boardgame Space  

Growth: Back to Games: from 300 products in 2015 to 7,000 in 2019; Boardgame Space: from 34 games in 2017 to 3,500 in 2019

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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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One of its main goals is to provide permanent treatment solutions for veterinary related diseases. 

The taxidermy centre was established 12 years ago and is headed by Dr Ulrich Wernery. 

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The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

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Defined Benefit Plan (DB)

A defined benefit plan is where the benefit is defined by a formula, typically length of service to and salary at date of leaving.

Defined Contribution Plan (DC) 

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A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.