To its detractors, Egypt's government appears to be working with the US and Israel against the Palestinians, an impression not dispelled by pictures like this one of Israeli foreign minister Tzipi Livni enjoying a friendly meeting with Hosni Mubarak.
To its detractors, Egypt's government appears to be working with the US and Israel against the Palestinians, an impression not dispelled by pictures like this one of Israeli foreign minister Tzipi Livni enjoying a friendly meeting with Hosni Mubarak.
To its detractors, Egypt's government appears to be working with the US and Israel against the Palestinians, an impression not dispelled by pictures like this one of Israeli foreign minister Tzipi Livni enjoying a friendly meeting with Hosni Mubarak.
To its detractors, Egypt's government appears to be working with the US and Israel against the Palestinians, an impression not dispelled by pictures like this one of Israeli foreign minister Tzipi Liv

Revive la resistance


  • English
  • Arabic

Israel's assault on Gaza may cripple Hamas, but it will embolden those in Arab politics who would rather fight than talk, writes Nathan Field.

The bloody carnage from Israel's bombardment of the Gaza Strip has dominated the Arab media since the bombs began to drop on Saturday, and the rising death toll has filled Arab streets with rage - especially in countries aligned with the United States. In Egypt, huge protests have erupted with an intensity not seen in recent years. But Israel's air strikes, taking Hamas as their putative target, have highlighted a rift in the Arab world that has been evident since Hamas defeated Fatah in the 2006 Palestinian legislative elections. It is, at its root, a battle of approaches - a conflict between the negotiators and the rejectionists, between those Fatah supporters who blame Hamas for initiating conflict with Israel, and those Hamas backers who paint Fatah and its Arab allies as complicit in Israeli atrocities.

The "negotiation" front, led by Egypt - the first Arab state to make peace with Israel - advocates peaceful dialogue with the Jewish state. Since the late 1980s, this has been the path preferred by the Palestinian leadership, which supported the Oslo framework and sought a two-state solution through a peace process sponsored by the United States. The rejectionists - Hamas and its allies - were sidelined during the false optimism of the Oslo years, but they did not disappear. The advocates of resistance argue that without the threat of continued violence Israel has no incentive to make compromises for peace; as the Oslo process ground to a halt, and collapsed entirely after 2000, support for the resistance camp grew among Palestinians and among the broader Arab public, particularly in Egypt and Jordan. The second Palestinian intifada was slowly but steadily crushed by Israel, but this did not discredit Hamas, which defeated Fatah at the polls and then violently took complete control of the Gaza Strip.

The Israeli attack on Gaza - no matter how it is framed by Israel - seems likely to mark a turning point in the contest between these loose alliances, tipping the scales definitively toward Hamas and company. For the foreseeable future, the Arab debate on Israel is going to be dominated by the self-styled forces of resistance - and if not by Hamas, then by something even more extreme. The Hamas victory in the 2006 elections posed a serious challenge to Fatah and its allies in Egypt, Jordan and Saudi Arabia. All were committed to the Oslo approach and the pursuit of negotiations with Israel on the basis of the agreements signed in the 1990s.

The problem was perhaps most acute for the Egyptians: 30 years of treaties and billions of dollars in American aid give Egypt very little room to manoeuvre, even if it were inclined to do so. But the government is under extreme pressure from its citizens to use its influence to push for Palestinian statehood. This was an easier task when Fatah was in power: both parties agreed on the means and the ends, negotiations concluding in a two-state solution. But Hamas, which now dominates Palestinian politics, is not formally committed to either - and most Egyptians support Hamas's right to resistance and its use of suicide attacks, and do not disagree with its refusal to recognise Israel.

That Hamas represents the Palestinian branch of the Muslim Brotherhood poses another sharp dilemma for the Egyptian regime, which refuses to acknowledge the Ikhwan in Egypt. Talking with the Palestinian Brotherhood creates an awkward precedent, and co-operation between Egypt and the Gazan leadership has been limited only to security arrangements, with a series of conflicts over border closures. To its detractors, therefore, the Mubarak government appears to be working with the US and Israel against the Palestinians - an impression not dispelled by the pictures published last week of Israeli foreign minister Tzipi Livni enjoying a friendly handshake with her Egyptian counterpart in Cairo shortly before the attack began. As one prominent Egyptian intellectual recently told me: "nothing damages the legitimacy of the Egyptian regime more than its policy towards Palestine."

Almost three years after Hamas won the elections, the Palestinians are more divided than ever, unable to form a unified front, much less discuss negotiations with Israel. As the response to the current attack shows, the Arab media - and regional governments - are divided as well, with each side accusing the other of obstructing unity. Among those who blame the Arab states friendly to the US - especially Egypt - for the current crisis are pan-Arab newspapers like Al Quds al Arabi and the Egyptian opposition paper Al Dostor. Their common theme is that the Egyptian regime has sold out to Washington and Tel Aviv. Hardly a week goes by that Fahmy Huwedi, one of Egypt's most influential columnists, does not repeat some variation of this theme in Al Dostor. One late October column, for example, sarcastically suggested that the Egyptian government treats the leaders of Hamas with scorn but opens its arms to "every Tom, Dick and Harry with a pro-US orientation." He noted that the Hamas prime minister, Ismail Haniyeh, managed only a brief meeting with Egypt's foreign minister during a recent visit to Cairo. By contrast, Huwedi wrote, the Lebanese Christian politician and former warlord Samir Geagea, a member of the pro-US March 14 coalition "whose hands are covered with Palestinian blood", received a full audience with Mubarak.

Fatah - and its more moderate approach - are not without support in the media, most prominently from pro-Saudi media outlets like the London pan-Arab newspaper Asharq al Awsat, the Al Arabiya satellite channel, and Cairo's semi-official Al Ahram newspaper. They blame the conflict on Hamas, arguing that its intransigence and unrealistic unwillingness to compromise are at the root of the impasse. But the rising tally of dead Palestinians makes such arguments irrelevant - they are drowned out by calls for solidarity that surely benefit Hamas.

Even before Israel's attack on Gaza the pro-resistance crowd was radiating confidence that long-term trends were working in its favour, and Hamas - which appeared surprised by the overwhelming Israeli response to its recent Qassam launches - certainly seemed to believe this was the case. Yet this shift in the direction of the resistance is likely to be accelerated by the Israeli onslaught. Palestinian presidential and parliamentary elections are scheduled for 2009, and they will present a further opportunity for Hamas to solidify its control of Palestinian politics. If Hamas, already in control of the parliament, can take more seats and the presidency, the remaining moderate Arab regimes will be unable to ignore them.

At the same time, regional shifts in the balance of power appear to favour Hamas. In a recent column, Hussam Tamem, the editor of IslamOnline, a pro-Islamist website, argued that Hamas's decision to align itself with Syria and Iran was a sign of the changing times, a reflection that Egypt at present has little to offer as an ally. The Egyptian regime, burdened with a poor economy and preoccupied with a possible succession crisis, is weak and unable to resist American pressure. With the Obama administration expected to seek a rapprochement with Iran and Syria, Tamem wrote, Hamas has bet on the right horse.

Hamas, for its part, actively sought an escalation in violence at the close of the six-month ceasefire, perhaps with an eye toward the victory of the Likud hardliner Benjamin Netanyahu in Israel's upcoming elections - which would surely lend credence to the argument that no negotiations with Israel are possible. Well before the expiration of the ceasefire Hamas leaders made their opposition to its renewal clear, with the expectation that a return to violence would create conditions to bolster their support and diminish Fatah.

The mood today in the Palestinian territories is one of anger and desire for revenge. Fatah has been pushed to the margins of Palestinian politics and seems likely to suffer a permanent dent to its reputation. So far the widespread, though perhaps predictable, consensus in the Arabic media is that Hamas is the chief beneficiary. The moderate Arab regimes, according to Abdel Bari Atwan, the editor of Al Quds al Arabi, have lost the most from this week's carnage - and, it must be said, Egypt is foremost among them. On Tuesday alone protests were reported outside Egyptian embassies in Syria, Libya and Yemen.

The fury of the protesters was given voice by the Hizbollah leader Hassan Nasrallah, who called openly for the Egyptian people to reject their government's policies in Gaza - an unprecedented public attack that brought harsh criticism from Egypt. But most Egyptians prefer Nasrallah to their own leaders, and his salvo will only further damage the regime's popularity. Egypt, ironically enough, had been attempting in recent months to set up a rapprochement with Hizbollah as a means of increasing its influence in Lebanon, but those plans now seem a distant dream.

Sometimes the best advice is "be careful what you wish for". Israel may manage to destroy the Hamas infrastructure in Gaza and seriously damage its ability to fight back, which may in turn further divide the Palestinians. But it could also open the door for factions more extreme than Hamas to hijack the mantle of resistance, including those that share the worldview of al Qa'eda. Given the anger coursing through the Arab world, they would not have to search hard for new recruits.

Nathan Field is a journalist based in Cairo and Washington.

GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

Manchester United's summer dealings

In

Victor Lindelof (Benfica) £30.7 million

Romelu Lukaku (Everton)  £75 million

Nemanja Matic (Chelsea)  £40 million

 

Out

Zlatan Ibrahimovic Released

Wayne Rooney (Everton) Free transfer

Adnan Januzaj (Real Sociedad) £9.8 million

 

 

Specs

Engine: 51.5kW electric motor

Range: 400km

Power: 134bhp

Torque: 175Nm

Price: From Dh98,800

Available: Now

FIXTURES

All times UAE ( 4 GMT)

Saturday
Fiorentina v Torino (8pm)
Hellas Verona v Roma (10.45pm)

Sunday
Parma v Napoli (2.30pm)
Genoa v Crotone (5pm)
Sassuolo v Cagliari (8pm)
Juventus v Sampdoria (10.45pm)

Monday
AC Milan v Bologna (10.45om)

Playing September 30

Benevento v Inter Milan (8pm)
Udinese v Spezia (8pm)
Lazio v Atalanta (10.45pm)

Libya's Gold

UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves. 

The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.

Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.

A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.

While you're here
Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

The%20specs
%3Cp%3E%0D%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E4.0-litre%20twin-turbo%20V8%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E666hp%20at%206%2C000rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E850Nm%20at%202%2C300-4%2C500rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E8-speed%20auto%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3EQ1%202023%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3Efrom%20Dh1.15%20million%20(estimate)%3C%2Fp%3E%0A
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Switch%20Foods%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202022%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Edward%20Hamod%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Abu%20Dhabi%2C%20UAE%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Plant-based%20meat%20production%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%2034%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%246.5%20million%3Cbr%3E%3Cstrong%3EFunding%20round%3A%3C%2Fstrong%3E%20Seed%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Based%20in%20US%20and%20across%20Middle%20East%3C%2Fp%3E%0A

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.”

Ibrahim's play list

Completed an electrical diploma at the Adnoc Technical Institute

Works as a public relations officer with Adnoc

Apart from the piano, he plays the accordion, oud and guitar

His favourite composer is Johann Sebastian Bach

Also enjoys listening to Mozart

Likes all genres of music including Arabic music and jazz

Enjoys rock groups Scorpions and Metallica 

Other musicians he likes are Syrian-American pianist Malek Jandali and Lebanese oud player Rabih Abou Khalil

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3ESmartCrowd%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2018%0D%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3ESiddiq%20Farid%20and%20Musfique%20Ahmed%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%20%2F%20PropTech%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%20%3C%2Fstrong%3E%24650%2C000%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2035%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ESeries%20A%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EVarious%20institutional%20investors%20and%20notable%20angel%20investors%20(500%20MENA%2C%20Shurooq%2C%20Mada%2C%20Seedstar%2C%20Tricap)%3C%2Fp%3E%0A
Past winners of the Abu Dhabi Grand Prix

2016 Lewis Hamilton (Mercedes-GP)

2015 Nico Rosberg (Mercedes-GP)

2014 Lewis Hamilton (Mercedes-GP)

2013 Sebastian Vettel (Red Bull Racing)

2012 Kimi Raikkonen (Lotus)

2011 Lewis Hamilton (McLaren)

2010 Sebastian Vettel (Red Bull Racing)

2009 Sebastian Vettel (Red Bull Racing)

 

Company profile

Name: Dukkantek 

Started: January 2021 

Founders: Sanad Yaghi, Ali Al Sayegh and Shadi Joulani 

Based: UAE 

Number of employees: 140 

Sector: B2B Vertical SaaS(software as a service) 

Investment: $5.2 million 

Funding stage: Seed round 

Investors: Global Founders Capital, Colle Capital Partners, Wamda Capital, Plug and Play, Comma Capital, Nowais Capital, Annex Investments and AMK Investment Office  

PROFILE OF INVYGO

Started: 2018

Founders: Eslam Hussein and Pulkit Ganjoo

Based: Dubai

Sector: Transport

Size: 9 employees

Investment: $1,275,000

Investors: Class 5 Global, Equitrust, Gulf Islamic Investments, Kairos K50 and William Zeqiri

UAE currency: the story behind the money in your pockets
The Bio

Favourite holiday destination: Either Kazakhstan or Montenegro. I’ve been involved in events in both countries and they are just stunning.

Favourite book: I am a huge of Robin Cook’s medical thrillers, which I suppose is quite apt right now. My mother introduced me to them back home in New Zealand.

Favourite film or television programme: Forrest Gump is my favourite film, that’s never been up for debate. I love watching repeats of Mash as well.

Inspiration: My late father moulded me into the man I am today. I would also say disappointment and sadness are great motivators. There are times when events have brought me to my knees but it has also made me determined not to let them get the better of me.

Ad Astra

Director: James Gray

Stars: Brad Pitt, Tommy Lee Jones

Five out of five stars 

What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

MATCH INFO

Syria v Australia
2018 World Cup qualifying: Asia fourth round play-off first leg
Venue: Hang Jebat Stadium (Malacca, Malayisa)
Kick-off: Thursday, 4.30pm (UAE)
Watch: beIN Sports HD

* Second leg in Australia scheduled for October 10

Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
CABINET%20OF%20CURIOSITIES%20EPISODE%201%3A%20LOT%2036
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EGuillermo%20del%20Toro%3Cbr%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Tim%20Blake%20Nelson%2C%20Sebastian%20Roche%2C%20Elpidia%20Carrillo%3Cbr%3ERating%3A%204%2F5%3C%2Fp%3E%0A
The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)