Israel election: Netanyahu on brink of comeback, exit polls show


Thomas Helm
  • English
  • Arabic

After promising results in the exit polls from Tuesday's election, the atmosphere at the Likud party headquarters in Jerusalem is a celebratory one: the party headed by former prime minister Benjamin Netanyahu seems to be on the brink of returning to office.

Israel's longest-serving prime minister, Mr Netanyahu was poised to take 61 or 62 seats in the 120-seat Knesset, Israeli television exit polls showed.

Security on the streets and soaring prices topped the list of voter concerns in a campaign started after defections from centrist Prime Minister Yair Lapid's unlikely ruling coalition of right-wing, liberal and Arab parties.

Policy issues have been overshadowed by the outsize personality of Mr Netanyahu, who is on trial over corruption charges, which he denies. His legal battles have fed the stalemate blocking Israel's political system since he was indicted on bribery, fraud and breach of trust charges in 2019.

Early indications pointed to a strong showing by the right, which had been predicted to fall slightly short of a majority.

Israel's fifth election in less than four years exasperated many voters but turnout was reported at the highest level since 1999.

One of those celebrating hardest at Likud headquarters is Tal Gilboa, a vegan activist and once the winner of the Israeli version of the reality show Big Brother.

Tonight, she is only an activist for Mr Netanyahu, a man she and people throughout the country also known as Bibi.

“We’ve been out for two months trying to get this result,” she says, beaming. “I was an adviser to the former prime minister. I am so proud of him. He was the first and only prime minister to eat lab-grown meat, because of my activism!”

Tal Gilboa, a vegan activist, winner of the Israeli version of the reality show 'Big Brother' and a supporter of Benjamin Netanyahu. Thomas Helm / The National
Tal Gilboa, a vegan activist, winner of the Israeli version of the reality show 'Big Brother' and a supporter of Benjamin Netanyahu. Thomas Helm / The National

With “God’s help”, Ms Gilboa hopes to see her political hero back in power as soon as possible.

Amid the singing, dancing — she created the event’s lively playlist — and jumping up and down, she does urge caution: “Look, I’m happy but I’m not super-mega happy yet. We still have to wait for the final results.”

But, for now, Likud’s supporters seem genuinely happy.

And while the mood at Likud headquarters is high, the real celebration to watch is the one erupting in a hotel over the road, where the far-right Religious Zionism party is gathered.

While a lot could still change — official results are released on Friday — if Mr Netanyahu has won the mandate to build a coalition, he will most likely do so with them.

That could well mean ministerial positions for its leader Bezalel Smotrich and Itamar Ben-Gvir, whose Otzma Yehudit party is running on the same list.

Mr Smotrich has his sights set on the country’s judicial system, which he views as biased and in need of radical reform. Many Israelis on the left fear that he will vandalise it, changing forever a key institution in the country’s democracy.

Mr Ben-Gvir is gunning for influence in Israel’s approach to internal security, a major area of concern for many as domestic instability and violence now occurs on a near daily basis. His focus includes annexing the West Bank, loosening rules of engagement and even encouraging Palestinian migration.

The inclusion of Mr Ben-Gvir — a former member of Kach, a group on Israeli and US terrorist watch lists, and who was once convicted for racist incitement — in any new government could alarm allies, including Washington.

Most of all, the party wants all of this to be underpinned by what one Religious Zionism supporter termed “a strong, conservative Jewish identity for Israel”.

These openly radical proposals and an almost messianic clarity of purpose would have been taboo not long ago. Religious Zionism supporters are celebrating so hard because they now stand a good chance of entering the mainstream.

They want a new Israel that embraces a new type of right-wing politics. This popular mandate has helped put Likud, their potential partners, in power.

They will be expecting a lot in return — the next few days and weeks will indicate just how much.

For now, the cheers, signing and dancing of Likud members draped in flags project only an image of unity and victory. But they might soon be less happy at what their new partners ask of them.

Reuters contributed to this report

Company%20profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20WallyGPT%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2014%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3ESaeid%20and%20Sami%20Hejazi%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%3Cbr%3E%3Cstrong%3EInvestment%20raised%3A%20%3C%2Fstrong%3E%247.1%20million%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%2020%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3EPre-seed%20round%3C%2Fp%3E%0A
The specs: 2018 Nissan Altima


Price, base / as tested: Dh78,000 / Dh97,650

Engine: 2.5-litre in-line four-cylinder

Power: 182hp @ 6,000rpm

Torque: 244Nm @ 4,000rpm

Transmission: Continuously variable tranmission

Fuel consumption, combined: 7.6L / 100km

Results

5pm: Al Maha Stables – Maiden (PA) Dh80,000 (Turf) 1,600m; Winner: Reem Baynounah, Fernando Jara (jockey), Mohamed Daggash (trainer)

5.30pm: Wathba Stallions Cup – Maiden (PA) Dh70,000 (T) 1,600m; Winner: AF Afham, Tadhg O’Shea, Ernst Oertel

6pm: Emirates Fillies Classic – Prestige (PA) Dh100,000 (T) 1,600m; Winner: Ghallieah, Sebastien Martino, Jean-Claude Pecout

6.30pm: Emirates Colts Classic – Prestige (PA) Dh100,000 (T) 1,600m; Winner: Yas Xmnsor, Saif Al Balushi, Khalifa Al Neyadi

7pm: The President’s Cup – Group 1 (PA) Dh2,500,000 (T) 2,200m; Winner: Somoud, Adrie de Vries, Jean de Roualle

7.30pm: The President’s Cup – Listed (TB) Dh380,000 (T) 1,400m; Winner: Haqeeqy, Dane O’Neill, John Hyde.

David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

The Baghdad Clock

Shahad Al Rawi, Oneworld

Avatar%20(2009)
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EJames%20Cameron%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3ESam%20Worthington%2C%20Zoe%20Saldana%2C%20Sigourney%20Weaver%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E3%2F5%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.”

'Ashkal'
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Youssef%20Chebbi%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Fatma%20Oussaifi%20and%20Mohamed%20Houcine%20Grayaa%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
F1 2020 calendar

March 15 - Australia, Melbourne; March 22 - Bahrain, Sakhir; April 5 - Vietnam, Hanoi; April 19 - China, Shanghai; May 3 - Netherlands, Zandvoort; May 20 - Spain, Barcelona; May 24 - Monaco, Monaco; June 7 - Azerbaijan, Baku; June 14 - Canada, Montreal; June 28 - France, Le Castellet; July 5 - Austria, Spielberg; July 19 - Great Britain, Silverstone; August 2 - Hungary, Budapest; August 30 - Belgium, Spa; September 6 - Italy, Monza; September 20 - Singapore, Singapore; September 27 - Russia, Sochi; October 11 - Japan, Suzuka; October 25 - United States, Austin; November 1 - Mexico City, Mexico City; November 15 - Brazil, Sao Paulo; November 29 - Abu Dhabi, Abu Dhabi.

500 People from Gaza enter France

115 Special programme for artists

25   Evacuation of injured and sick

Updated: November 04, 2022, 5:15 AM