Israel’s Prime Minister Benjamin Netanyahu fought back on Thursday against an agreement by his political opponents to unseat him, calling the new coalition government "dangerous".
Opposition leader Yair Lapid said late on Wednesday that he has managed to form a broad-based coalition to unseat Mr Netanyahu and end the reign of the longest-serving prime minister in the country’s history.
Mr Netanyahu responded on Twitter that "all legislators elected by votes from the right must oppose this dangerous left-wing government".
If ratified by parliament in a confidence vote in the coming week, the new Israeli government will make history by becoming the first to include an Arab party after Mansour Abbas, head of the conservative RAAM, signed the agreement.
The coalition commands a razor-thin majority of 61 votes in parliament.
Now the question is whether the group's votes will hold together to name a new parliament speaker. The speaker would preside over a Knesset vote required to confirm the new government.
The current parliament speaker is a Netanyahu ally who could use his position to delay the vote and give Mr Netanyahu more time to sabotage the coalition.
As the Lapid-Bennett coalition was coming together in recent days, Mr Netanyahu and his supporters ramped up a pressure campaign against former hawkish allies, including right-wing nationalist tech millionaire Naftali Bennett and his closest ally the Yamina party, Ayelet Shaked.
Mr Netanyahu accused them of betraying right-wing values. His supporters launched vicious social media campaigns and staged noisy protests outside Mr Shaked's home.
The prime minister's Likud party also advertised a demonstration on Thursday night outside the home of Yamina lawmaker Nir Orbach, urging him to quit the coalition.
That's a taste of the pressure to be expected for lawmakers on the right, while some on the left now have time to think about whether they will pay for this partnership in the next election.
"There will be a lot of pressure, especially on right-wingers, especially for religious right-wingers," Gideon Rahat, a political-science professor at Hebrew University, told the Associated Press.
"They will go to the synagogue and people will pressure them. It will be a nightmare for some of them."
Mr Netanyahu and his supporters called a meeting later on Thursday to discuss their next steps.
Should last-minute defections scupper the "change" alliance, Israel would likely have to hold yet another election, the fifth in bout two years.
Coalition government formed
"I succeeded," Mr Lapid, a former TV news anchor, wrote on Facebook. "I promise that this government will work in the service of all of the citizens of Israel, those who voted for it and those who did not."
Mr Bennett would serve first as prime minister in a rotation agreement, with Mr Lapid to take over after two years.
"With the help of God, we will do together what is good for Israel and we'll get Israel back on track," Mr Bennett told Israel's President Reuven Rivlin after Mr Lapid informed Mr Rivlin of their coalition.
Mr Lapid was tasked with forming a government after Mr Netanyahu failed to put together his own coalition following March elections, the fourth inconclusive vote in less than two years.
Mr Netanyahu has become a divisive figure in Israeli politics over his tenure and is currently facing criminal charges.
Three parties in the last election were led by former top aides who fell out with him.
To build the anti-Netanyahu bloc, Mr Lapid had to sign individual agreements with seven parties.
Who is in the new Israeli coalition?
- Yair Lapid's Yesh Atid (centrist) with 17 seats
- Benny Gantz's Kahol Lavan (Blue and White) (centrist) with eight
- Avigdor Lieberman's Israel Beiteinu (centre-right to right-wing nationalist) with seven
- Merav Michaeli's Labor (social-democratic) with seven
- Naftali Bennett's Yamina (right-wing) with seven
- Gideon Sa'ar's New Hope (centre-right to right-wing) with six
- Nitzan Horowitz's Meretz (left-wing, social-democratic) six
- Mansour Abbas's RAAM (Arab Islamic) with four
Defence Minister Benny Gantz, who unsuccessfully challenged Mr Netanyahu in three previous votes, tweeted it was a "night of great hope," as he headed to Washington for pre-scheduled talks.
The change alliance also includes the Arab Israeli Islamic conservative party RAAM, whose head Mansour Abbas announced that he had joined in order to secure funding and policies to benefit Israel's 20 per cent minority of Palestinian descent.
"I just signed an agreement with Yair Lapid so that he can declare that he can form a government after reaching . agreements on various issues that serve the interest of Arab society," he said.
Other Arab lawmakers supported the late prime minister Yitzhak Rabin from outside his coalition in the 1990s, but Mr Abbas was the first Arab politician in Israel to openly bargain for a role in the coalition, said political analyst Afif Abu Much.
Mr Abu Much noted that lawmakers with other parties representing Arab citizens of Israel announced they would oppose the government headed by Mr Bennett, a strong supporter of Jewish settlements in the West Bank.
Wednesday night's deal deepens the woes of Mr Netanyahu, 71, who is on trial for criminal charges of fraud, bribery and breach of trust while in office – accusations he denies.
If he loses power, he will not be able to push through changes to basic laws that could give him immunity, and will lose control over certain justice ministry nominations.
The swearing-in is expected to take place on June 9, giving Mr Netanyahu another week to try to persuade legislators to leave the new coalition.
– Additional reporting by agencies
Benjamin Netanyahu's political career – in pictures
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How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
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.”
Trump v Khan
2016: Feud begins after Khan criticised Trump’s proposed Muslim travel ban to US
2017: Trump criticises Khan’s ‘no reason to be alarmed’ response to London Bridge terror attacks
2019: Trump calls Khan a “stone cold loser” before first state visit
2019: Trump tweets about “Khan’s Londonistan”, calling him “a national disgrace”
2022: Khan’s office attributes rise in Islamophobic abuse against the major to hostility stoked during Trump’s presidency
July 2025 During a golfing trip to Scotland, Trump calls Khan “a nasty person”
Sept 2025 Trump blames Khan for London’s “stabbings and the dirt and the filth”.
Dec 2025 Trump suggests migrants got Khan elected, calls him a “horrible, vicious, disgusting mayor”
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
BUNDESLIGA FIXTURES
Friday (UAE kick-off times)
Borussia Dortmund v Paderborn (11.30pm)
Saturday
Bayer Leverkusen v SC Freiburg (6.30pm)
Werder Bremen v Schalke (6.30pm)
Union Berlin v Borussia Monchengladbach (6.30pm)
Eintracht Frankfurt v Wolfsburg (6.30pm)
Fortuna Dusseldof v Bayern Munich (6.30pm)
RB Leipzig v Cologne (9.30pm)
Sunday
Augsburg v Hertha Berlin (6.30pm)
Hoffenheim v Mainz (9pm)
RACE RESULTS
1. Valtteri Bottas (FIN/Mercedes) 1hr 21min 48.527sec
2. Sebastian Vettel (GER/Ferrari) at 0.658sec
3. Daniel Ricciardo (AUS/Red Bull) 6.012
4. Lewis Hamilton (GBR/Mercedes) 7.430
5. Kimi Räikkönen (FIN/Ferrari) 20.370
6. Romain Grosjean (FRA/Haas) 1:13.160
7. Sergio Pérez (MEX/Force India) 1 lap
8. Esteban Ocon (FRA/Force India) 1 lap
9. Felipe Massa (BRA/Williams) 1 lap
10. Lance Stroll (CAN/Williams) 1 lap
11. Jolyon Palmer (GBR/Renault) 1 lap
12. Stoffel Vandoorne (BEL/McLaren) 1 lap
13. Nico Hülkenberg (GER/Renault) 1 lap
14. Pascal Wehrlein (GER/Sauber) 1 lap
15. Marcus Ericsson (SWE/Sauber) 2 laps
16. Daniil Kvyat (RUS/Toro Rosso) 3 laps
Brief scoreline:
Crystal Palace 2
Milivojevic 76' (pen), Van Aanholt 88'
Huddersfield Town 0