Benjamin Netanyahu pulling ahead in Israel election but margins close


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Veteran Israeli politician Benjamin Netanyahu was, on Wednesday night, standing on the cusp of returning to power less than two years after vacating the prime minister’s residence despite still facing corruption charges.

With around 87 per cent of the vote counted from Tuesday’s election, Mr Netanyahu — known as Bibi, or as supporters chanted at post-election rallies, the “king of Israel” — looked set to extend his already record-breaking time in office after the country's fifth election in five years.

Confident of success, he said his Likud party had received “a huge vote of confidence”.

However, with margins wafer thin, caretaker Prime Minister Yair Lapid — the architect of the coalition which ousted Mr Netanyahu last year — cautioned that “nothing is decided”.

“[We] will wait patiently … for the final results,” he told crowds backing his centrist Yesh Atid party.

Mr Netanyahu’s Likud appeared set to take the top slot as the largest party with 32 seats in the 120-seat Knesset, while Yesh Atid was on course for 24.

But Likud was buoyed by a strong result for right-wing allies and the Religious Zionism party’s Itamar Ben-Gvir called its gains “a great achievement” as it appeared set to be the third-largest party.

Likud’s result combined with Religious Zionism and the two ultra-Orthodox Jewish parties backing Mr Netanyahu could give the right-wing bloc 65 seats.

Such an outright victory would end the short reign of the coalition which succeeded in ending Mr Netanyhau's record reign last year.

But the margins remain close with a number of smaller parties opposed to Mr Netanyahu teetering on the edge of the threshold required to win seats in parliament.

Despite Israel's election fatigue after five elections in five years, voters came out in force and pushed turnout to its highest rate since 2015, topping 71 per cent, according to official figures.

Supporters of Israeli Prime Minister Yair Lapid react as they follow the election results at the party's campaign headquarters. AFP
Supporters of Israeli Prime Minister Yair Lapid react as they follow the election results at the party's campaign headquarters. AFP

“It is too early to speculate on the exact composition of the next governing coalition until all the votes are counted,” the US ambassador to Israel Thomas Nides said in a statement, adding he was “pleased to see such strong voter turnout.”

Yael Shomer, who teaches politics at Tel Aviv University, said the final outcome could be decided by just “a few thousand votes”.

Whatever the final result, Mr Ben-Gvir was described as “the big winner of this election” by politics lecturer Julia Elad-Strenger from Israel's Bar-Ilan University.

“He took from the Haredim [ultra-Orthodox], from the Likud, of course, new young voters and people who had no one to vote for,” Ms Elad-Strenger said.

The tireless campaigning of Mr Ben-Gvir could see his alliance more than double its current presence in parliament, picking up 14 seats.

The 46-year-old, who has his eye on the public security portfolio, wants Israel to use more force against the Palestinians.

“It's time we go back to being masters of our country,” Mr Ben-Gvir said following the vote.

Arab-Israeli politician Aida Touma-Suleiman said Mr Netanyahu may be on track to form a government “with fascists by his side”.

The vote was held against a backdrop of soaring violence across Israeli-annexed east Jerusalem and the occupied West Bank.

At least 29 Palestinians and three Israelis were killed in the territories in October, according to an AFP tally.

As the votes were being counted on Wednesday, Israeli troops killed a Palestinian that the army said had seriously wounded a soldier with a van in the West Bank.

While many candidates cited security as a concern, none pledged to revive moribund peace talks with the Palestinians.

The coalition led by Lapid was formed by bringing an Arab party into the fold after Mansour Abbas pulled his Raam party from a united slate with other Arab-led parties.

But Raam's pioneering support for a coalition was not viewed positively across Arab society, which makes up about 20 per cent of Israel's population.

For Ms Shomer, from Tel Aviv University, said the anti-Netanyahu bloc crucially failed to ensure alliances of smaller left-wing and Arab-led parties ahead of the vote.

In left-leaning Tel Aviv, 24-year-old voter Lauren Vaturi Moses said she woke up hoping Mr Netanyahu had lost his advantage.

“When I read that he was leading and that this is what was taking shape, it completely depressed me,” she said.

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UAE currency: the story behind the money in your pockets
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Price, base: Dh1,731,672

Engine: 6.5-litre V12

Gearbox: Seven-speed automatic

Power: 770hp @ 8,500rpm

Torque: 720Nm @ 6,750rpm

Fuel economy: 19.6L / 100km

'Nightmare Alley'

Director:Guillermo del Toro

Stars:Bradley Cooper, Cate Blanchett, Rooney Mara

Rating: 3/5

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

Bloomberg

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Gender pay parity on track in the UAE

The UAE has a good record on gender pay parity, according to Mercer's Total Remuneration Study.

"In some of the lower levels of jobs women tend to be paid more than men, primarily because men are employed in blue collar jobs and women tend to be employed in white collar jobs which pay better," said Ted Raffoul, career products leader, Mena at Mercer. "I am yet to see a company in the UAE – particularly when you are looking at a blue chip multinationals or some of the bigger local companies – that actively discriminates when it comes to gender on pay."

Mr Raffoul said most gender issues are actually due to the cultural class, as the population is dominated by Asian and Arab cultures where men are generally expected to work and earn whereas women are meant to start a family.

"For that reason, we see a different gender gap. There are less women in senior roles because women tend to focus less on this but that’s not due to any companies having a policy penalising women for any reasons – it’s a cultural thing," he said.

As a result, Mr Raffoul said many companies in the UAE are coming up with benefit package programmes to help working mothers and the career development of women in general. 

Like a Fading Shadow

Antonio Muñoz Molina

Translated from the Spanish by Camilo A. Ramirez

Tuskar Rock Press (pp. 310)

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Publisher: EA Sports

Consoles: PC, PlayStation 4/5, Xbox Series X/S

Rating: 3/5

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Nationality: Emirati

Education: Doctorate degree in forensic medicine at the University of Bonn

Hobbies: Drawing and reading books about graphic design

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Ipaf in numbers

Established: 2008

Prize money:  $50,000 (Dh183,650) for winners and $10,000 for those on the shortlist.

Winning novels: 13

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Novels translated internationally: 66

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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

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Cyclists must wear a helmet, arm and knee pads

Have a white front-light and a back red-light on their bike

They must place a number plate with reflective light to the back of the bike to alert road-users

Avoid carrying weights that could cause the bike to lose balance

They must cycle on designated lanes and areas and ride safe on pavements to avoid bumping into pedestrians

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Best Academy: Ajax and Benfica

Best Agent: Jorge Mendes

Best Club : Liverpool   

 Best Coach: Jurgen Klopp (Liverpool)  

 Best Goalkeeper: Alisson Becker

 Best Men’s Player: Cristiano Ronaldo

 Best Partnership of the Year Award by SportBusiness: Manchester City and SAP

 Best Referee: Stephanie Frappart

Best Revelation Player: Joao Felix (Atletico Madrid and Portugal)

Best Sporting Director: Andrea Berta (Atletico Madrid)

Best Women's Player:  Lucy Bronze

Best Young Arab Player: Achraf Hakimi

 Kooora – Best Arab Club: Al Hilal (Saudi Arabia)

 Kooora – Best Arab Player: Abderrazak Hamdallah (Al-Nassr FC, Saudi Arabia)

 Player Career Award: Miralem Pjanic and Ryan Giggs

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THE%20SPECS
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Transmission: 6-speed auto

Price: Dh99,000

On sale: now

Updated: November 04, 2022, 5:16 AM