When Pope Benedict XVI visited the Holy Land five years ago, Israel heightened its security, gladly emphasising the potential threat he supposedly faced in Israel from Muslim extremists.
As his successor, Pope Francis, arrived in Israel yesterday, security was no less strict. Some 9,000 police had been drafted in to protect him, Christian institutions were under round-the-clock protection, and the intelligence services were working overtime. According to a Vatican official, Israel's preparations had turned "the holy sites into a military base".
On this occasion Israel has been less keen to publicise the source of its fears, because the most tangible threat comes not from Islamists but Jewish fanatics linked to Israel’s settler movement.
Last month, they issued a death threat to the Roman Catholic bishop of Nazareth and his followers, while recent weeks have seen clergy attacked, churches and monasteries defaced with offensive graffiti and cemeteries desecrated.
The building where the pope is due to meet Israeli prime minister Benjamin Netanyahu today was daubed with “Death to Arabs and Christians”. On Friday, a church in Beersheva was sprayed with an unprintable insult against Jesus Christ.
Israeli police have arrested or issued restraining orders on several dozen Jewish extremists in the past few days. Fouad Twal, the Latin Patriarch of Jerusalem, has warned that “acts of unrestrained vandalism are poisoning the atmosphere”.
Indeed, the mood of intolerance has spread beyond a dangerous fringe. Hundreds of Israeli Jews demonstrated angrily in Jerusalem last week against the pope, while police barred Catholic authorities from putting up banners celebrating his visit, apparently fearful it could trigger wider protests.
The local Palestinian Christian population, both in the occupied territories and inside Israel itself, is feeling more embattled than ever – and not just from settlers.
In Bethlehem yesterday, the pope made an unscheduled stop to pray by the monstrous concrete wall that has turned Jesus’s birthplace into a prison for its inhabitants. At a nearby refugee camp he was reminded that Israel bars many residents from returning to homes now in Israel.
Meanwhile, Mr Netanyahu has announced a plan whose barely concealed goal is to divide the large Palestinian minority inside Israel – pitting Christian against Muslim – by seeking to draft the former into the Israeli military.
Despite this pope’s popularity, there have been rumblings of dissatisfaction at his priorities on this brief, three-day trip. The official purpose is to mark the 50th anniversary of a meeting in Jerusalem between Pope Paul VI and Patriarch Athenagoras that ended a 1,000-year schism between Rome and the Orthodox Church.
The Vatican has emphasised that Francis’s trip is “absolutely not political”. His itinerary, which does not include time for a visit to the Galilee, where most Palestinian Christians are located, suggests the pope is not likely to offer his flock solace beyond the general hope he expressed in Bethlehem for a “stable peace” in the region.
The holy land’s Christians are an increasingly vulnerable minority.
Although Israel blames Muslim fanatics for the decades-long decline, the truth is different. In repeated surveys, only a small minority of Christians blame Muslims for the exodus. In part, the proportion of Christians has fallen over time simply because of their tendency to have smaller families than Muslims. But equally significant are Israel’s oppressive twin policies of belligerent occupation in the West Bank, Gaza and East Jerusalem and a political system of exclusive Jewish privilege inside Israel.
All Palestinians, Muslim and Christian alike, have been harmed by Israeli rule. But Christians have been better able to exploit connections to western communities, giving them an easier passage out.
None of this fits well with Israel’s narrative of a clash between the Judeo-Christian world and Islam, or its desire to present itself as a unique haven as neighbouring Arab states sink into sectarian conflict. Yesterday, Mr Netanyahu claimed Israel was the only Middle East country to offer “absolute freedom to practise all religions”.
The reality, however, is that the settlers’ violence feeds off a religious and ethnic intolerance cultivated on many fronts by the Israeli state itself.
It starts early, with most Jewish children educated in religious schools that scorn a modern curriculum. Instead, they drill into pupils literal interpretations of the Bible that encourage Jewish chauvinism.
Israel’s programme of Holocaust education rejects universal lessons, preferring to nurture a sense of Jews as history’s eternal victims. Many Israelis believe they should be constantly on guard, and armed, against a world of antisemitic gentiles.
Hardline Orthodox rabbis, given control over large areas of Israeli life, have become sole arbiters of moral values for many Israelis. The government’s latest effort to pass legislation affirming Israel as the “nation-state of the Jewish people” is designed to prevent any hope of a multicultural future.
And finally, decades of rule over Palestinians have been exploited by Israel to invest ever-greater Jewish religious symbolism in contested or shared holy places, most notably the Al Aqsa mosque compound in Jerusalem. Slowly, a territorial conflict is gaining the attributes of a religious war.
Local church leaders understand this well. In the run-up to the pope’s visit, Patriarch Twal asked pointedly: “What effect is created by official discourse on Israel being a state for one group only?”
The pope noted in Jordan on Saturday that religious freedom was a “fundamental human right”. That is certainly a message Israel’s leadership needs to hear stressed when Francis meets them on Monday.
A visit that eschewed politics to focus only on religion – elevating holy sites above the people who live next to them – would betray a Christian community that needs all the help it can get as it fights for its continuing place in the holy land.
Jonathan Cook is an independent journalist based in Nazareth
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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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