The Israeli Embassy in Dublin, Ireland, which closed at the weekend. PA
The Israeli Embassy in Dublin, Ireland, which closed at the weekend. PA
The Israeli Embassy in Dublin, Ireland, which closed at the weekend. PA
The Israeli Embassy in Dublin, Ireland, which closed at the weekend. PA

US Palestine Museum interested in taking over closed Israeli embassy in Dublin


Gillian Duncan
  • English
  • Arabic

A Palestinian museum in the US is interested in leasing a building in Dublin that until recently housed Israel’s embassy.

Palestinian Museum US in Connecticut opened in 2018, aiming to tell the Palestinian story to a global audience through art. It has since staged exhibitions in several European locations, including Ireland.

Museum founder Faisel Saleh said opening a branch in a former Israeli embassy would be a “political statement”. It would make sense to have a permanent space in the region, he added. But he has not yet been able to reach the building's owner to discuss the lease.

Israel announced at the weekend that it was closing its embassy in Dublin due to “the extreme anti-Israel policies of the Irish government”.

“We have been looking at expanding the presence of the museum globally,” added Mr Saleh. “And we have done three very large expensive exhibits [in Europe] in the last three years. In Venice we had an exhibit for seven months that just ended. That had more than 200,000 visitors,” he told The National.

“The cost of those exhibits comes very close, if not higher than maintaining a permanent presence. So at that point it would make sense to just be there permanently. “There are some advantages to try to do it there.”

“There are some advantages to try to do it there. Obviously there are some political ramifications to it in the sense of replacing an Israeli embassy with a Palestine museum, which would be a coup in terms of the public and the media.”

He said there “seems to be great support” for a Palestinian museum in Ireland based on initial reactions to the idea. The museum would feature paintings, sculptures and installations telling the story of Palestine, added Mr Saleh.

The Palestinian Museum in Connecticut, US, aims to tell the Palestinian story to a global audience through art. AFP
The Palestinian Museum in Connecticut, US, aims to tell the Palestinian story to a global audience through art. AFP

Announcing the closure of the embassy, Israeli Foreign Minister Gideon Saar said: “Israel will invest its resources in advancing bilateral relations with countries worldwide according to priorities that also take into account the attitudes and actions of these states towards Israel.”

Ireland is one of Europe’s most pro-Palestinian countries. Last week it emerged that the country will formally intervene in South Africa's genocide case against Israel at the International Court of Justice (ICJ). The International Criminal Court has issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former Defence Minister Yoav Gallant. Irish Prime Minister Simon Harris has confirmed his country's authorities would detain Mr Netanyahu if he travelled there.

Ireland confirmed Benjamin Netanyahu would be arrested if he travelled to the country. Reuters
Ireland confirmed Benjamin Netanyahu would be arrested if he travelled to the country. Reuters

In May, Dublin recognised Palestine as a sovereign and independent state comprising the Gaza Strip and the West Bank and agreed to establish full diplomatic relations. And last month, the Irish government accepted the appointment of a full Palestinian ambassador for the first time. Spain, Norway and Slovenia also recognised a Palestinian state this year, drawing retaliatory moves from Israel.

Ireland's Deputy Prime Minister Micheal Martin said Ireland's stance on the conflict in the Middle East has “always been guided by the principles of international law and the obligation on all states to adhere to international humanitarian law.

“This has been the case with regard to our response to the terrorist attack by Hamas in Israel on October 7, 2023, and to the conduct by Israel of its military operations since then. The continuation of the war in Gaza and the loss of innocent lives is simply unacceptable and contravenes international law.”

Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

UAE v Gibraltar

What: International friendly

When: 7pm kick off

Where: Rugby Park, Dubai Sports City

Admission: Free

Online: The match will be broadcast live on Dubai Exiles’ Facebook page

UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)

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.”

TOURNAMENT INFO

Fixtures
Sunday January 5 - Oman v UAE
Monday January 6 - UAE v Namibia
Wednesday January 8 - Oman v Namibia
Thursday January 9 - Oman v UAE
Saturday January 11 - UAE v Namibia
Sunday January 12 – Oman v Namibia

UAE squad
Ahmed Raza (captain), Rohan Mustafa, Mohammed Usman, CP Rizwan, Waheed Ahmed, Zawar Farid, Darius D’Silva, Karthik Meiyappan, Jonathan Figy, Vriitya Aravind, Zahoor Khan, Junaid Siddique, Basil Hameed, Chirag Suri

Fixtures

Friday Leganes v Alaves, 10.15pm; Valencia v Las Palmas, 12.15am

Saturday Celta Vigo v Real Sociedad, 8.15pm; Girona v Atletico Madrid, 10.15pm; Sevilla v Espanyol, 12.15am

Sunday Athletic Bilbao v Getafe, 8.15am; Barcelona v Real Betis, 10.15pm; Deportivo v Real Madrid, 12.15am

Monday Levante v Villarreal, 10.15pm; Malaga v Eibar, midnight

Russia's Muslim Heartlands

Dominic Rubin, Oxford

Anghami
Started: December 2011
Co-founders: Elie Habib, Eddy Maroun
Based: Beirut and Dubai
Sector: Entertainment
Size: 85 employees
Stage: Series C
Investors: MEVP, du, Mobily, MBC, Samena Capital

The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

UAE currency: the story behind the money in your pockets
Updated: December 18, 2024, 12:47 PM