An installation of a crushed Israeli Air Force fighter jet is displayed during a protest against the government's judicial reform bill. AFP
An installation of a crushed Israeli Air Force fighter jet is displayed during a protest against the government's judicial reform bill. AFP
An installation of a crushed Israeli Air Force fighter jet is displayed during a protest against the government's judicial reform bill. AFP
An installation of a crushed Israeli Air Force fighter jet is displayed during a protest against the government's judicial reform bill. AFP

Israelis pessimistic judicial negotiations will end crisis


Thomas Helm
  • English
  • Arabic

Members of Israel’s anti-government protest movement have little faith the political dialogue over Prime Minister Benjamin Netanyahu’s contentious legal reforms will succeed and see an imminent return to mass demonstrations, analysts say.

In a desperate bid to stave off “civil war,” President Isaac Herzog is convening meetings between the government and opposition to try to find a compromise on the legal overhaul, which opponents say threaten Israeli democracy.

But Century Foundation analyst Dahlia Scheindlin told The National that “there are very high expectations of a very spectacular failure of these negotiations,” and that there is “less than zero trust between both sides”.

“Protesters feel jittery,” she said of the Israelis she had spoken to. “They are certain that the government is not negotiating in good faith … The overall problem of the overhaul package has been kicked down the line, probably very briefly.”

On Monday, Mr Netanyahu was forced to pause the reforms, which were on the brink of being approved, after around 700,000 Israelis took to the streets and the country's main union launched a general strike.

  • Israeli police disperse demonstrators blocking a road in Tel Aviv during a protest against plans by the government to overhaul the judicial system. AP
    Israeli police disperse demonstrators blocking a road in Tel Aviv during a protest against plans by the government to overhaul the judicial system. AP
  • Police arrest a protester in Tel Aviv. EPA
    Police arrest a protester in Tel Aviv. EPA
  • Demonstrators set up a bonfire on a road. AP
    Demonstrators set up a bonfire on a road. AP
  • Israeli security forces use a water cannon to disperse protesters. AFP
    Israeli security forces use a water cannon to disperse protesters. AFP
  • Thousands of protesters block the Ayalon main road. EPA
    Thousands of protesters block the Ayalon main road. EPA
  • The Tel Aviv protest swelled on Saturday to about 200,000 demonstrators, according to Israeli media estimates. AFP
    The Tel Aviv protest swelled on Saturday to about 200,000 demonstrators, according to Israeli media estimates. AFP
  • A roadblock placed by protesters on the Ayalon main road. EPA
    A roadblock placed by protesters on the Ayalon main road. EPA
  • Demonstrations erupted in January after the coalition government announced its package of changes. AFP
    Demonstrations erupted in January after the coalition government announced its package of changes. AFP
  • Israeli protesters dislodge a fence. AFP
    Israeli protesters dislodge a fence. AFP
  • Police use a water cannon to disperse protesters. AP
    Police use a water cannon to disperse protesters. AP
  • An aerial view of the protest. Reuters
    An aerial view of the protest. Reuters
  • Plans to hand more control to politicians and diminish the role of the court have been questioned by Israel’s allies including the US. AFP
    Plans to hand more control to politicians and diminish the role of the court have been questioned by Israel’s allies including the US. AFP
  • Protesters with placards of Prime Minister Netanyahu saying 'We will not forget, we will not forgive'. EPA
    Protesters with placards of Prime Minister Netanyahu saying 'We will not forget, we will not forgive'. EPA

The government said it would revisit the plans when parliament returned for its summer session at the end of April, and that it would use the interim to find a compromise.

Joshua Hantman told The National that he is “not confident this period of negotiations will go anywhere,” and that the protests will likely continue “albeit with less energy”.

“If the talks fail and the government goes back to its extremist position, people will be back on the streets again,” the political consultant at the Number 10 Strategies communications and polling firm added.

He said the strike “scared the hell out of a lot of people,” adding that such an event “has not happened since the time of the British Mandate”.

Monday’s reversal by the government poses a particular problem for the prime minister.

Abraham Diskin, a research fellow at the right-wing think tank whose ideology was the basis of the legal reforms, told Bloomberg that “given what happened lately, politically and personally, there’s no question that [Mr Netanyahu] lost confidence”.

Polls released by separate Israeli television channels the same day the overhaul was paused showed plummeting ratings for the prime minister.

Mr Hantman said they were “particularly shocking,” because for the “past five election cycles we’ve seen almost a cult of personality around the prime minister.”

“That seems to be breaking now,” he said.

Prime Minister Benjamin Netanyahu came under rare US criticism on Wednesday over his plans to radically change Israel's judicial system. AP
Prime Minister Benjamin Netanyahu came under rare US criticism on Wednesday over his plans to radically change Israel's judicial system. AP

A further "lack of trust between the scattered groups that make up the protesters,” will also make finding a compromise on the reforms harder, says Ms Scheindlin.

“It is important to remember that these demonstrations are really not about the politics, and therefore opposition leaders are not seen as their spokespeople and representatives,” she added

For now fundamental questions remain, and there is little hope that Mr Herzog’s efforts can find answers.

Most people recognise that some type of reform is needed,” says Mr Hantman. “But this wasn’t a reform, it was a revolution.”

The specs: 2018 Harley-Davidson Fat Boy

Price, base / as tested Dh97,600
Engine 1,745cc Milwaukee-Eight v-twin engine
Transmission Six-speed gearbox
Power 78hp @ 5,250rpm
Torque 145Nm @ 3,000rpm
Fuel economy, combined 5.0L / 100km (estimate)

While you're here
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Fifa Club World Cup:

When: December 6-16
Where: Games to take place at Zayed Sports City in Abu Dhabi and Hazza bin Zayed Stadium in Al Ain
Defending champions: Real Madrid

Indoor cricket World Cup:
Insportz, Dubai, September 16-23

UAE fixtures:
Men

Saturday, September 16 – 1.45pm, v New Zealand
Sunday, September 17 – 10.30am, v Australia; 3.45pm, v South Africa
Monday, September 18 – 2pm, v England; 7.15pm, v India
Tuesday, September 19 – 12.15pm, v Singapore; 5.30pm, v Sri Lanka
Thursday, September 21 – 2pm v Malaysia
Friday, September 22 – 3.30pm, semi-final
Saturday, September 23 – 3pm, grand final

Women
Saturday, September 16 – 5.15pm, v Australia
Sunday, September 17 – 2pm, v South Africa; 7.15pm, v New Zealand
Monday, September 18 – 5.30pm, v England
Tuesday, September 19 – 10.30am, v New Zealand; 3.45pm, v South Africa
Thursday, September 21 – 12.15pm, v Australia
Friday, September 22 – 1.30pm, semi-final
Saturday, September 23 – 1pm, grand final

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.

Jetour T1 specs

Engine: 2-litre turbocharged

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The years Ramadan fell in May

1987

1954

1921

1888

The years Ramadan fell in May

1987

1954

1921

1888

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

Read part one: how cars came to the UAE

Company Profile

Company name: NutriCal

Started: 2019

Founder: Soniya Ashar

Based: Dubai

Industry: Food Technology

Initial investment: Self-funded undisclosed amount

Future plan: Looking to raise fresh capital and expand in Saudi Arabia

Total Clients: Over 50

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.”

Iraq negotiating over Iran sanctions impact
  • US sanctions on Iran’s energy industry and exports took effect on Monday, November 5.
  • Washington issued formal waivers to eight buyers of Iranian oil, allowing them to continue limited imports. Iraq did not receive a waiver.
  • Iraq’s government is cooperating with the US to contain Iranian influence in the country, and increased Iraqi oil production is helping to make up for Iranian crude that sanctions are blocking from markets, US officials say.
  • Iraq, the second-biggest producer in the Organization of Petroleum Exporting Countries, pumped last month at a record 4.78 million barrels a day, former Oil Minister Jabbar Al-Luaibi said on Oct. 20. Iraq exported 3.83 million barrels a day last month, according to tanker tracking and data from port agents.
  • Iraq has been working to restore production at its northern Kirkuk oil field. Kirkuk could add 200,000 barrels a day of oil to Iraq’s total output, Hook said.
  • The country stopped trucking Kirkuk oil to Iran about three weeks ago, in line with U.S. sanctions, according to four people with knowledge of the matter who asked not to be identified because they aren’t allowed to speak to media.
  • Oil exports from Iran, OPEC’s third-largest supplier, have slumped since President Donald Trump announced in May that he’d reimpose sanctions. Iran shipped about 1.76 million barrels a day in October out of 3.42 million in total production, data compiled by Bloomberg show.
  • Benchmark Brent crude fell 47 cents to $72.70 a barrel in London trading at 7:26 a.m. local time. U.S. West Texas Intermediate was 25 cents lower at $62.85 a barrel in New York. WTI held near the lowest level in seven months as concerns of a tightening market eased after the U.S. granted its waivers to buyers of Iranian crude.
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Updated: March 29, 2023, 10:02 PM