From left, Israeli Prime Minister Benjamin Netanyahu, former US president Donald Trump, Bahrain's former foreign minister Khalid bin Ahmed Al Khalifa and the UAE's Sheikh Abdullah bin Zayed, Minister of Foreign Affairs, after the September 2020 signing. AFP
From left, Israeli Prime Minister Benjamin Netanyahu, former US president Donald Trump, Bahrain's former foreign minister Khalid bin Ahmed Al Khalifa and the UAE's Sheikh Abdullah bin Zayed, Minister of Foreign Affairs, after the September 2020 signing. AFP
From left, Israeli Prime Minister Benjamin Netanyahu, former US president Donald Trump, Bahrain's former foreign minister Khalid bin Ahmed Al Khalifa and the UAE's Sheikh Abdullah bin Zayed, Minister of Foreign Affairs, after the September 2020 signing. AFP
From left, Israeli Prime Minister Benjamin Netanyahu, former US president Donald Trump, Bahrain's former foreign minister Khalid bin Ahmed Al Khalifa and the UAE's Sheikh Abdullah bin Zayed, Minister

Trump’s Peace review: The long road to the Abraham Accords and Middle East diplomacy


Mustafa Alrawi
  • English
  • Arabic

Nearly three years ago, on September 15, 2020, the signing of the Abraham Accords on the White House lawn – between the UAE, Bahrain and Israel, overseen by then president Donald Trump, a month after they were announced – was arguably among the most significant moments in a decade for the Middle East and North Africa.

Barak Ravid’s well-written book Trump’s Peace: The Abraham Accords and The Reshaping of The Middle East, released in English in May, is a fast-paced tale about how this diplomatic coup came about – and also very nearly didn’t because of the antics of Israeli Prime Minister Benjamin Netanyahu. One chapter is aptly titled “The Rollercoaster” and at times the narrative is nail-biting stuff.

A seasoned journalist, working for American news website Axios and Walla! News in Israel, Ravid regularly breaks exclusives about regional geopolitics and has an extensive network of contacts across the region and Washington DC. Still, he writes the Abraham Accords were a career-defining event. Having previously covered Israel’s attempted overtures to Arab countries, Ravid is well placed to tell this story, particularly as he interviewed Mr Trump in April 2021 at his Mar-a-Lago residence in Florida for the book.

As well as detail on the anatomy of complex diplomacy and the intricacies and history of the Middle East, Ravid’s book provides many insightful anecdotes, including the revelation that Mr Trump holds a lot of animosity towards Mr Netanyahu, feeling the latter has not been sufficiently grateful for the former’s support for Israel during his time in office.

Interestingly, Mr Trump says he liked Palestinian President Mahmoud Abbas very much after a meeting at the White House, which ended in “hugs and kisses”. The former American leader also paints a picture of his foreign policy role as being one of contrarian, able to defy expectations and make seemingly impossible deals.

The book tells the story of how the Abraham Accords came together. Photo: Barak Ravid
The book tells the story of how the Abraham Accords came together. Photo: Barak Ravid

“My whole life is deals. I’m like one big deal,” Mr Trump boasts, adding that he knew within “three minutes” that Netanyahu was uninterested in a deal with the Palestinians. The experience was instructive for Mr Trump in terms of the nuances of the conflict, Ravid writes. Mr Trump felt comfortable making moves many advised him would not and had not worked in the past, paving the way for US support for a peace deal between the UAE, Bahrain and Israel. However, Ravid writes Mr Trump would have preferred the accords be named after him.

The energetic role of Jared Kushner, special adviser and son-in-law to Mr Trump, is another recurring one throughout the book. From falling well short of a “deal of the century” to make peace between the Palestinians and Israelis in 2019, to the very end of Mr Trump’s foreign policy journey – notably bookended by the January 6, 2021, Capitol riots – Mr Kushner was criss-crossing the Gulf and the Middle East, seemingly always with the influential US official Avi Berkowitz by his side.

Ravid also charts the historical build-up to the successful signing of the accords, including the consequences of the administration of Barack Obama agreeing to the 2015 nuclear deal with Iran, which Israel and Gulf countries believed did not properly address Tehran’s threat in terms of ballistic missiles and destabilising activities through proxy groups in Iraq, Lebanon and elsewhere in the region.

With an incoming president Trump, trust levels could be restored after the 2016 elections and this created new opportunities for America’s traditional allies and gave some impetus for outside-of-the-box thinking that led to the accords.

From left, Bahrain's former foreign minister Khalid bin Ahmed Al Khalifa; Israeli Prime Minister Benjamin Netanyahu; former US president Donald Trump; and the UAE's Sheikh Abdullah bin Zayed, Minister of Foreign Affairs. AP
From left, Bahrain's former foreign minister Khalid bin Ahmed Al Khalifa; Israeli Prime Minister Benjamin Netanyahu; former US president Donald Trump; and the UAE's Sheikh Abdullah bin Zayed, Minister of Foreign Affairs. AP

Controversy about the accords stems not only from those who contend the agreement has undermined decades-long efforts to resolve the Palestinian-Israeli conflict, but also because of the personalities involved, chiefly Mr Trump and Mr Netanyahu. They remain polarising figures at best and are both the subject of criminal proceedings in their own countries, despite their continued impact on domestic politics. Those who support the impact of the accords, as Ravid’s book explains in detail, are adamant that without the agreement, Mr Netanyahu would have annexed the West Bank, a move which had the potential to trigger a new wave of violence that would have created region-wide instability.

What is certain from the book, however, is how the US was instrumental in the delivery of the accords, perhaps pushing back against the argument in recent years that it has sought to diminish its role in the Middle East.

Overall, the conclusion may simply be that America’s presence is evolving and with it regional relationships and alliances – which bodes well for a more stable future, especially if we look at the developments that have occurred since the signing of the accords, including the mending of Saudi Arabia-Iran ties and attempts to bring Syria back into the Arab fold.

After reading Ravid’s story, there is a persuasive argument to be made that the Abraham Accords at least set a fresh precedent for the success of diplomacy after years of hot and cold conflicts, putting the region on a different and perhaps more hopeful path.

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.

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%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EDirect%20Debit%20System%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20Sept%202017%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%20with%20a%20subsidiary%20in%20the%20UK%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20FinTech%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20Undisclosed%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Elaine%20Jones%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%208%3Cbr%3E%3C%2Fp%3E%0A
Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

The five pillars of Islam

Jeff Buckley: From Hallelujah To The Last Goodbye
By Dave Lory with Jim Irvin

Messi at the Copa America

2007 – lost 3-0 to Brazil in the final

2011 – lost to Uruguay on penalties in the quarter-finals

2015 – lost to Chile on penalties in the final

2016 – lost to Chile on penalties in the final

JUDAS AND THE BLACK MESSIAH

Directed by: Shaka King

Starring: Daniel Kaluuya, Lakeith Stanfield, Jesse Plemons

Four stars

Ireland v Denmark: The last two years

Denmark 1-1 Ireland 

7/06/19, Euro 2020 qualifier 

Denmark 0-0 Ireland

19/11/2018, Nations League

Ireland 0-0 Denmark

13/10/2018, Nations League

Ireland 1 Denmark 5

14/11/2017, World Cup qualifier

Denmark 0-0 Ireland

11/11/2017, World Cup qualifier

 

 

 

Results

5pm: Maiden (PA) Dh80,000 (Turf) 1,200m, Winner: ES Rubban, Antonio Fresu (jockey), Ibrahim Aseel (trainer)

5.30pm: Handicap (PA) Dh85,000 (T) 1,200m, Winner: Al Mobher, Sczcepan Mazur, Ibrahim Al Hadhrami

6pm: Handicap (PA) Dh80,000 (T) 2,200m, Winner: Jabalini, Tadhg O’Shea, Ibrahim Al Hadhrami

6.30pm: Wathba Stallions Cup (PA) Dh70,000 (T) 2,200m, Winner: AF Abahe, Tadgh O’Shea, Ernst Oertel

7pm: Handicap (PA) Dh85,000 (T) 1,600m, Winner: AF Makerah, Tadhg O’Shea, Ernst Oertel

7.30pm: Maiden (TB) Dh80,000 (T) 1,600m, Winner: Law Of Peace, Tadhg O’Shea, Satish Seemar

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 specs: 2018 Renault Megane

Price, base / as tested Dh52,900 / Dh59,200

Engine 1.6L in-line four-cylinder

Transmission Continuously variable transmission

Power 115hp @ 5,500rpm

Torque 156Nm @ 4,000rpm

Fuel economy, combined 6.6L / 100km

German intelligence warnings
  • 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
  • 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
  • 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250 

Source: Federal Office for the Protection of the Constitution

Results

2.30pm: Park Avenue – Conditions (PA) Dh80,000 (Dirt) 2,000m; Winner: Rb Seqondtonone, Abdul Aziz Al Balushi (jockey), Helal Al Alawi (trainer)

3.05pm: Al Furjan – Maiden (TB) Dh82,500 (Turf) 1,200m; Winner: Bosphorus, Dane O’Neill, Bhupat Seemar

3.40pm: Mina – Rated Condition (TB) Dh105,000 (D) 1,600m; Winner: Royal Mews, Tadhg O’Shea, Bhupat Seemar

4.15pm: Aliyah – Handicap (TB) Dh87,500 (T) 1,900m; Winner: Ursa Minor, Ray Dawson, Ahmad bin Harmash

4.50pm: Riviera Beach – Rated Conditions (TB) Dh95,000 (D) 2,200m; Winner: Woodditton, Saif Al Balushi, Ahmad bin Harmash

5.25pm: Riviera – Handicap (TB) Dh2,000 (T) 2,000m; Winner: Al Madhar, Antonio Fresu, Musabah Al Muhairi

6pm: Creek Views – Handicap (TB) Dh95,000 (T) 1,400m; Winner: Al Salt, Dane O’Neill, Erwan Charpy

Updated: June 17, 2023, 7:02 AM