Palestinian President Mahmoud Abbas at the presidential complex in Ankara on July 25. He arrived in Egypt on Saturday. AFP
Palestinian President Mahmoud Abbas at the presidential complex in Ankara on July 25. He arrived in Egypt on Saturday. AFP
Palestinian President Mahmoud Abbas at the presidential complex in Ankara on July 25. He arrived in Egypt on Saturday. AFP
Palestinian President Mahmoud Abbas at the presidential complex in Ankara on July 25. He arrived in Egypt on Saturday. AFP

Palestinian parties meet in Egypt but reconciliation remains uncertain


Kamal Tabikha
  • English
  • Arabic

A meeting between various Palestinian political factions held in the Egyptian coastal city of Alamein on Sunday ended with no tangible reconciliation between groups based in the Gaza strip and those based in the West Bank.

In a statement made to Wafa news agency, Palestinian President Mahmoud Abbas denounced the 2007 Battle of Gaza, during which Hamas militants took over the Gaza strip and removed Abbas' West Bank-based Fatah party from the enclave.

The battle, which Mr Abbas called a "coup", marked the beginning of a political rift between the parties based in the two main Palestinian territories, which has remained ever since.

Sunday's meeting was held with the aim of reconciling all parties under one banner amid a marked increase in Israeli aggression in Palestinian territories following Benjamin Netanyahu's return to the post of Prime Minister in December.

Palestinians throw rocks at Israeli security forces during a military raid in the West Bank city of Nablus. AP
Palestinians throw rocks at Israeli security forces during a military raid in the West Bank city of Nablus. AP

Mr Abbas was received by Maj Gen Abbas Kamel, director of the Egyptian General Intelligence Directorate, at his residence in Alamein on Sunday.

Mr Abbas arrived in the coastal city on Saturday night. After chairing Sunday's talks, he is set to meet Egyptian President Abdel Fattah El Sisi on Monday, according to Wafa.

Ismail Haniyeh, the leader of Gaza-based Hamas, also arrived with his delegation on Saturday.

Sunday’s talks were boycotted by the prominent Palestinian Islamic Jihad faction. The Gaza-based militant group's leader Ziyad Al Nakhalah made its participation conditional on the release of detainees by Palestinian authorities in the West Bank.

PIJ denounced “continued political detention and prosecution of the resistance”, speaking to AFP on Saturday.

The talks were also boycotted by the Popular Front for the Liberation of Palestine.

Some analysts were cautiously optimistic that Sunday’s meeting would reach a semblance of unity for the Palestinian groups who have come under increasing pressure from the Israeli right-wing government of Prime Minister Benjamin Netanyahu.

According to a tally by the AP, 160 Palestinians have been killed in the West Bank since the start of the year, either during military raids on refugee camps or by Israeli settlers taking land.

“The success of Sunday’s meeting is going to depend heavily on the participants’ ability to make compromises,” Khaled Okasha, a leading political analyst and the general manager of the Egyptian Centre for Strategic Studies, told The National on Sunday.

“Being that it is the first meeting of its kind in years in addition to the fact that increased Israeli aggression has created a tremendous impetus to reach Palestinian unity.”

Mr Abbas and Mr Haniyeh met in Ankara last week for talks hosted by Turkish President Recep Tayyip Erdogan, who maintains a good relationship with both sides.

Following the meeting, which took place behind closed doors, Mr Erdogan stated that his government was committed to reaching a reconciliation between the groups.

Mr Abbas and Mr Haniyeh also met in Algeria last year, their first public talks in more than five years.

In October, both factions signed the “Algiers Declaration”, pledging to hold elections within a year for the presidency and for the Palestinian Legislative Council, which acts as a parliament for Palestinians in the occupied territories.

One point of contention that has maintained the rift between groups based in the Gaza Strip and those based in the West Bank is the recognition of the Palestinian Liberation Organisation as the sole representative of the Palestinian people.

Since Hamas took control of the Gaza Strip in 2007, the Islamist movement has been at odds with Mr Abbas’s secular Fatah bloc, which administers Palestinian-run areas of the West Bank that Israel has controlled since 1967.

Hamas and PIJ have repeatedly refused to allow the PLO, which is led by Hamas’s rival faction Fatah, to take the lead on managing affairs inside the densely populated enclave.

Following Sunday's meeting, Mr Abbas stressed the importance of unifying behind the PLO, adding that it is unacceptable for any Palestinian to oppose the organisation.

Separation between the various ruling factions in Palestinian territories has made it easier for Israel to attack them individually, Mr Okasha said. “The Palestinians have realised that to stay separated means to be more vulnerable to the aggression of the extremist Israeli government that is in power now,” he added.

A planned presidential election in 2021 was cancelled by Mr Abbas, cited Israel's prevention of voting in East Jerusalem.

However, Hamas has also refused to co-operate with the Palestinian National Authority to hold in elections in the Gaza Strip.

Egypt has hosted repeated rounds of talks between the factions hoping to reach unity, as well as brokering ceasefires between the Israeli security forces and Gaza militants.

“The Egyptian side has exerted a tremendous amount of effort to reconcile the Palestinian groups and it will continue to do so but the ball is in the Palestinians' court and all eyes are on them today to see if they will be able to table their disagreements to hold a presidential election and stand up to Israeli aggression,” Mr Okasha said.

“I think Palestinian factions have also started to confront the fact that there will be little help with their situation from the US or other foreign powers.

“The US might have got a little bit more critical towards Israeli aggression in its public discourse, but such criticisms have little effect on the ground and are little more than lip service.

“The US is clearly still aligned with Israeli interests in the region.”

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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

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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.”

'Ashkal'
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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

UAE currency: the story behind the money in your pockets
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Tips for job-seekers
  • Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
  • Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.

David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East

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UAE currency: the story behind the money in your pockets
SERIE A FIXTURES

Saturday Spezia v Lazio (6pm), Juventus v Torino (9pm), Inter Milan v Bologna (7.45pm)

Sunday Verona v Cagliari (3.30pm), Parma v Benevento, AS Roma v Sassuolo, Udinese v Atalanta (all 6pm), Crotone v Napoli (9pm), Sampdoria v AC Milan (11.45pm)

Monday Fiorentina v Genoa (11.45pm)

While you're here
Updated: July 31, 2023, 5:56 AM