Pro-government protesters wave Israeli flags as they gather near Israel's parliament in Jerusalem. AFP
Pro-government protesters wave Israeli flags as they gather near Israel's parliament in Jerusalem. AFP
Pro-government protesters wave Israeli flags as they gather near Israel's parliament in Jerusalem. AFP
Pro-government protesters wave Israeli flags as they gather near Israel's parliament in Jerusalem. AFP

Right-wing Israelis demand more than judicial overhaul as Knesset restarts


Thomas Helm
  • English
  • Arabic

“I need you — we need everyone to come to Jerusalem so a clear voice in favour of the reform will be heard,” Israeli Justice Minister Yariv Levin told supporters in Jerusalem.

The minister stood among a sea of Israeli flags wrapping round Jerusalem's government district last week, lauding “the referendum six months ago”.

By “referendum”, he was referring to the elections that swept Prime Minister Benjamin Netanyahu's government — the most right wing in Israel's history — into power.

At the end of last week, about 200,000 Israelis from across the country showed that the government could pull together the same support that anti-overhaul protesters have amassed in weekly demonstrations since in December.

Until now, mass protests throughout the country had focused on what demonstrators viewed as the coalition's potentially fatal attacks on democratic institutions.

But government supporters, many of whom travelled for hours on organised bus convoys, were less single-minded in their reason for turning up.

Israeli Prime Minister Benjamin Netanyahu, right, speaks with Justice Minister Yariv Levin. AFP
Israeli Prime Minister Benjamin Netanyahu, right, speaks with Justice Minister Yariv Levin. AFP

Yehuda, a student in a religious school, told The National that young people like him “should vote for the judicial reforms because we’re the next generation of Israelis”.

“We’re building the future,” he said.

But judicial reforms were only a small part of what he and his friends wanted to advocate. Much more attention was given to security.

“Young Israelis are more right wing than the older generation because of security,” he said. “We tried to give land back to the Arabs and it didn’t work. They still bomb us. There’s no peace with them, only force works.”

At one point, an older bystander butted in to say “but we don't hate Arabs” and Yehuda agreed.

Yoram, a teacher, was angry at the Supreme Court but more because of its policies than its position in Israel's political system.

“The families of terrorists here in Israel — who shoot at us, massacre us and kill us — receive national insurance and therefore permit themselves to continue executing terrorist attacks,” he said.

“If the Supreme Court would only decide — as the people so want — that these families will not receive any such benefits, the terror will stop.”

Amid such rampant fears about the conflict between Israelis and Palestinians, Ayala, who works in a music school, stuck out.

She voted for firebrand extreme-right National Security Minister Itamar Ben-Gvir, who has advocated a total annexation of the West Bank, which is home to about three million Palestinians.

“I don’t think that this has anything to do with Arabs,” she said. “This is about Jewish racism towards other Jews.”

In her mind, politicians such as Mr Ben-Gvir represent a chance for racial justice.

“When I was deciding who to vote for, I simply looked at each man. I really felt like Ben-Gvir is a man of truth. He's there for us.”

Ayala's family are Mizrahi, Jews who came to Israel from across the Middle East and North Africa.

She was keen to stress her closer connection to Arabs than European Ashkenazi Jews, whom she said built Israel's institutions while Jews from other part of the world “carried the stones”.

“My family loves [Muslim Egyptian singer] Umm Kulthum. She’s part of our culture, unlike the western Jews. We put music like hers in our synagogues for our most holy days,” she says.

Her response to a question about Mr Levin's judicial overhaul was simple: “This protest has nothing to do with the legal reforms.”

People take part in a demonstration against the judicial overhaul. Reuters
People take part in a demonstration against the judicial overhaul. Reuters

Meir, a Talmudic student, disagreed. He described the Supreme Court as “a very closed clique that expresses on the views of a very small sector in Israel’s public, the progressive and radical left”.

He was born in Israel, but grew up in the US, and believes the latter's system — in which Supreme Court judges are politically appointed — is a lot fairer.

“Israel is the only place besides Turkey and Iran where the judges vote which judges come in,” he said.

“Nowhere in the western countries does the same happen. You can see it statistically. The decisions are always left or radical left ones and always against the Israeli parliament, which is chosen by the people, unlike the court.”

Meir was the only person that spoke to The National at length about the judicial overhaul. But however varied the reasons for turning up to Jerusalem might have been, there was still a uniform belief that the legal system would soon have to change.

Yoram explained his confidence it would happen with a Hebrew saying.

“The groove has already been ploughed into the earth” — meaning if not now, then at some point down the line.

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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Should late investors consider cryptocurrencies?

Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.

They do not usually recommend investing in Bitcoin or other cryptocurrencies due to the risk and volatility associated with them.

“It has produced eye-watering returns for some, whereas others have lost substantially as this has all depended purely on timing and when the buy-in was. If someone still has about 20 to 25 years until retirement, there isn’t any need to take such risks,” Rupert Connor of Abacus Financial Consultant says.

He adds that if a person is interested in owning a business or growing a property portfolio to increase their retirement income, this can be encouraged provided they keep in mind the overall risk profile of these assets.

Dirham Stretcher tips for having a baby in the UAE

Selma Abdelhamid, the group's moderator, offers her guide to guide the cost of having a young family:

• Buy second hand stuff

 They grow so fast. Don't get a second hand car seat though, unless you 100 per cent know it's not expired and hasn't been in an accident.

• Get a health card and vaccinate your child for free at government health centres

 Ms Ma says she discovered this after spending thousands on vaccinations at private clinics.

• Join mum and baby coffee mornings provided by clinics, babysitting companies or nurseries.

Before joining baby classes ask for a free trial session. This way you will know if it's for you or not. You'll be surprised how great some classes are and how bad others are.

• Once baby is ready for solids, cook at home

Take the food with you in reusable pouches or jars. You'll save a fortune and you'll know exactly what you're feeding your child.

START-UPS%20IN%20BATCH%204%20OF%20SANABIL%20500'S%20ACCELERATOR%20PROGRAMME
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Forced%20Deportations
%3Cp%3EWhile%20the%20Lebanese%20government%20has%20deported%20a%20number%20of%20refugees%20back%20to%20Syria%20since%202011%2C%20the%20latest%20round%20is%20the%20first%20en-mass%20campaign%20of%20its%20kind%2C%20say%20the%20Access%20Center%20for%20Human%20Rights%2C%20a%20non-governmental%20organization%20which%20monitors%20the%20conditions%20of%20Syrian%20refugees%20in%20Lebanon.%3C%2Fp%3E%0A%3Cp%3E%E2%80%9CIn%20the%20past%2C%20the%20Lebanese%20General%20Security%20was%20responsible%20for%20the%20forced%20deportation%20operations%20of%20refugees%2C%20after%20forcing%20them%20to%20sign%20papers%20stating%20that%20they%20wished%20to%20return%20to%20Syria%20of%20their%20own%20free%20will.%20Now%2C%20the%20Lebanese%20army%2C%20specifically%20military%20intelligence%2C%20is%20responsible%20for%20the%20security%20operation%2C%E2%80%9D%20said%20Mohammad%20Hasan%2C%20head%20of%20ACHR.%3Cbr%3EIn%20just%20the%20first%20four%20months%20of%202023%20the%20number%20of%20forced%20deportations%20is%20nearly%20double%20that%20of%20the%20entirety%20of%202022.%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3ESince%20the%20beginning%20of%202023%2C%20ACHR%20has%20reported%20407%20forced%20deportations%20%E2%80%93%20200%20of%20which%20occurred%20in%20April%20alone.%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3EIn%20comparison%2C%20just%20154%20people%20were%20forcfully%20deported%20in%202022.%3C%2Fp%3E%0A
Violence%20
%3Cp%3EInstances%20of%20violence%20against%20Syrian%20refugees%20are%20not%20uncommon.%3C%2Fp%3E%0A%3Cp%3EJust%20last%20month%2C%20security%20camera%20footage%20of%20men%20violently%20attacking%20and%20stabbing%20an%20employee%20at%20a%20mini-market%20went%20viral.%20The%20store%E2%80%99s%20employees%20had%20engaged%20in%20a%20verbal%20altercation%20with%20the%20men%20who%20had%20come%20to%20enforce%20an%20order%20to%20shutter%20shops%2C%20following%20the%20announcement%20of%20a%20municipal%20curfew%20for%20Syrian%20refugees.%3Cbr%3E%E2%80%9CThey%20thought%20they%20were%20Syrian%2C%E2%80%9D%20said%20the%20mayor%20of%20the%20Nahr%20el%20Bared%20municipality%2C%20Charbel%20Bou%20Raad%2C%20of%20the%20attackers.%3Cbr%3EIt%20later%20emerged%20the%20beaten%20employees%20were%20Lebanese.%20But%20the%20video%20was%20an%20exemplary%20instance%20of%20violence%20at%20a%20time%20when%20anti-Syrian%20rhetoric%20is%20particularly%20heated%20as%20Lebanese%20politicians%20call%20for%20the%20return%20of%20Syrian%20refugees%20to%20Syria.%3Cbr%3E%3Cbr%3E%3C%2Fp%3E%0A
Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Company profile

Date started: 2015

Founder: John Tsioris and Ioanna Angelidaki

Based: Dubai

Sector: Online grocery delivery

Staff: 200

Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends

Updated: May 02, 2023, 2:37 AM