Israeli security forces escort Jewish visitors at the Al Aqsa mosque compound in Jerusalem. AFP
Israeli security forces escort Jewish visitors at the Al Aqsa mosque compound in Jerusalem. AFP
Israeli security forces escort Jewish visitors at the Al Aqsa mosque compound in Jerusalem. AFP
Israeli security forces escort Jewish visitors at the Al Aqsa mosque compound in Jerusalem. AFP

Jordan blames Israel for escalation in Palestine as violence spreads across Levant borders


Khaled Yacoub Oweis
  • English
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Jordan blamed Israel on Sunday for the recent escalation in Palestine and said it expected the violence to worsen, after a series of rocket attacks and Israeli air strikes in Gaza, Lebanon and Syria.

“The Israeli government bears responsibility for the escalation in Jerusalem and in all occupied Palestinian territories,” Foreign Ministry spokesman Sinan Al Majali said.

Increased violence in the West Bank and Jerusalem, which has risen since an ultra right wing government took power in Israel in late December, spread across borders this Easter weekend.

Israel bombed targets in Syria and Lebanon in the last two days after rockets were fired from the two countries.

One rocket exploded over north Jordan overnight, the Jordanian military said, highlighting the proximity of the kingdom to Iranian-backed militant groups.

Mr Al Majali said Israel was to blame “for the deterioration that will become worse” if it does not halt its incursions into Al Aqsa Mosque and what he described as “pressure” on worshippers.

Jordan has a long border with Israel but the two countries signed a peace treaty in 1994.

The Hashemite monarchy, which has ruled Jordan since it was established as a British protectorate in 1921, claims custodianship of Al Aqsa, one of the holiest places in Islam.

Also on Sunday, US Secretary of State Antony Blinken held a call with Sheikh Abdullah bin Zayed, Minister of Foreign Affairs and International Co-operation.

Sheikh Abdullah stressed "the importance of stopping the escalation between the Palestinians and the Israelis and working towards advancing paths of peace and stability in the region for the prosperity and prosperity of its peoples", according to official UAE news agency Wam.

Footage in the last several days of Israeli police beating worshippers inside the mosque prompted condemnation by friends and foes. Anti-Israel rhetoric was also sharpened by pro-Iranian militant groups with bases in Gaza, Lebanon and Syria.

Israel says raids by its police on Al Aqsa were meant to remove what it described as extremists armed with firecrackers and stones.

Mr Al Majali said Israel, as the occupying power under international law, must refrain from any measures that would undermine the sanctity of the holy place.

On Sunday, Pope Francis said the renewed violence "threatens the desired climate of trust and mutual respect needed to resume dialogue between Israelis and Palestinians," at an address in the Vatican's Saint Peter's square.

His remarks came after Israeli jets hit military targets in Syria in response to rockets launched towards the Golan Heights, a strategic Syrian plateau overrun by Israel in 1967.

The pro-Hezbollah Lebanese Al Mayadeen TV said the rocket fire was claimed by Al Quds Brigades, the armed wing of the Islamic Jihad movement, one of the most pro-Iranian Palestinian factions. The group has offices in Damascus.

The silhouette of an Israeli soldier is outlined in the sky by a flare fired to search for a rocket that landed in the Israeli annexed Golan Heights. AFP
The silhouette of an Israeli soldier is outlined in the sky by a flare fired to search for a rocket that landed in the Israeli annexed Golan Heights. AFP

Syrian official media reported explosions near Damascus. Israel said its military responded to six rockets fired overnight from Syria with artillery and air strikes, including attacks using drones.

The target, the Israeli military said, were rocket launchers, a Syrian army compound and radar systems. These systems were provided by Russia, which intervened in 2015 in the Syrian civil war in support of President Bashar Al Assad.

On Thursday, more than 30 rockets were fired towards Israel from southern Lebanon, drawing Israeli retaliation on sites linked to the Islamist movement Hamas in Lebanon and Gaza.

In Lebanon, Hezbollah’s media office announced that the militant group’s chief, Hassan Nasrallah, received a delegation headed by Hamas leader Ismail Haniyeh on Sunday.

The two discussed “the most important developments in occupied Palestine, the course of events at Al Aqsa Mosque, and the escalating resistance in the West Bank and Gaza, in addition to general political developments in the region, the readiness of the resistance axis and the co-operation of its parties”, the media office said.

In the West Bank Israeli forces shot dead a Palestinian man during a confrontation at the weekend, while on Sunday, Mr Netanyahu named two British-Israeli sisters who were killed in a gun attack in the occupied West Bank.

Meanwhile, in Jerusalem there were no reports of large-scale violence on Sunday.

In 2021 ties between Jordan and Israel deteriorated after violence in Al Aqsa led to an 11-day war between Israel and Hamas, one of the main pro-Iranian groups in the Middle East.

Jordan has channels with Hamas, although it expelled most of the group’s leadership in the late 1990s. A large proportion of the kingdom’s 10 million population are of Palestinian origin.

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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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Updated: April 10, 2023, 10:49 AM