Fatah members commemorating the 20th anniversary of the death of Palestinian leader Yasser Arafat, in Ramallah, in the occupied West Bank. EPA
Fatah members commemorating the 20th anniversary of the death of Palestinian leader Yasser Arafat, in Ramallah, in the occupied West Bank. EPA
Fatah members commemorating the 20th anniversary of the death of Palestinian leader Yasser Arafat, in Ramallah, in the occupied West Bank. EPA
Fatah members commemorating the 20th anniversary of the death of Palestinian leader Yasser Arafat, in Ramallah, in the occupied West Bank. EPA

Yasser Arafat's ambitions seem more distant than ever 20 years after his death


Thomas Helm
  • English
  • Arabic

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Late on Monday night, a spokesman for Palestinian President Mahmoud Abbas reportedly declared 2025 “the year of the establishment of an independent Palestinian state”.

The comment by Deputy Prime Minister Nabil Abu Rudeineh, which was reported in Hebrew media, came in response to religious Zionist and far-right Israeli Finance Minister Bezalel Smotrich declaring earlier in the day that “with God’s help” Israel would apply sovereignty over Jewish settlements in the occupied West Bank in 2025.

Coinciding with the 20th anniversary of the death of Yasser Arafat, the Palestinian leader under whom peace between Israel and a Palestinian state seemed once possible, Mr Abu Rudeineh's comment echoed with a sad hollowness.

Mr Smotrich has far more reason to believe his ambitions will be realised than the Palestinian spokesman. The minister's ultranationalist settler movement is going from strength to strength, as a key part of Prime Minister Benjamin Netanyahu’s coalition.

They are rejoicing at the recent victory of US president-elect Donald Trump, who in his last term broke decades-old norms in the conflict between Israelis and Palestinians that massively favoured Israel – although it remains to be seen what approach Mr Trump will take on his second time around.

On the other hand, Mr Abbas’s government, in which Mr Abu Rudeineh sits, is in a catastrophic position. More than 43,600 Palestinians have been killed in the Gaza War, which shows no sign of ending. The Palestinian Authority in Ramallah is powerless to stop the carnage, as well as relentless Israeli military raids and settler violence in the occupied West Bank. Israel, still waging war after more than a year of fighting, seems more against the prospect of a Palestinian state than ever.

A painting of Yasser Arafat on the wall of a police station in the occupied West Bank city of Hebron. AFP
A painting of Yasser Arafat on the wall of a police station in the occupied West Bank city of Hebron. AFP

Peace prospects

Born in 1929 to an affluent family that included members who opposed Zionism, Mr Arafat became the chairman of the Palestine Liberation Organisation in 1969, recognised by the UN as the sole legitimate representative of Palestinians, and then the first president of the Palestinian Authority in 1994, which became the governing body in autonomous Palestinian areas in 1994. He died in Paris on November 11, 2004.

Mr Arafat’s biggest achievement was getting the Palestinian issue and the prospect of a state to the forefront of global affairs. He then became a crucial part of the 1993 Oslo Accords, the diplomatic effort that, to date, most clearly outlined a Palestinian state that could be tolerable for both sides.

The Palestinian cause had been driven internationally at the outbreak of the First Intifada in 1987 and a victorious US seized its newfound influence at the end of the Gulf War in 1991 to make peace between Palestinians and Israelis.

The path towards the Accords was morally complicated but ultimately effective. Mr Arafat used armed resistance as a central means to bring his people's demands for freedom and representation to the world, fighting for decades against a powerful enemy before signing a peace treaty.

By 1974 he was a statesman addressing the UN General Assembly, causing outrage in Israel. “The question of Palestine is being re-examined by the United Nations, and we consider that step to be a victory for the world organisation as much as a victory for the cause of our people,” he told the audience.

“It indicates anew that the United Nations of today is not the United Nations of the past, just as today's world is not yesterday's world.”

He was called a terrorist by Israelis throughout his career. For Palestinians and those who cared about their plight, seeing Mr Arafat address the nations of the world and eventually shake hands with then Israeli prime minister Yitzhak Rabin on the lawn of the White House, was proof enough that a label that simple and damning was misplaced.

Yasser Arafat shakes hands with Israeli Prime Minister Yitzhak Rabin, as US President Bill Clinton looks on, at the White House, in Washington, on September 13, 1993. Reuters.
Yasser Arafat shakes hands with Israeli Prime Minister Yitzhak Rabin, as US President Bill Clinton looks on, at the White House, in Washington, on September 13, 1993. Reuters.

It was the most significant evidence of compromise between Palestinian and Israeli leaders since the formation of the state of Israel in 1948.

Mr Arafat was also a charismatic figure who could galvanise his own people. He would give those who helped him AK-47s as gifts. He was secular but devout. During the siege of Beirut, he used to read the Quran for hours a day. These quirks are all the more striking given how often official Palestinian politics and its many factions can be complicated, slow and meaningless.

Fractured movement

He also had failings. Palestine is still an issue at the top diplomatic tables, but a deadlocked one. The early promise of the Oslo framework has become increasingly unworkable and an unconvincing model for peace after so many years during which Israel has consolidated power over an increasingly fractured Palestinian national movement.

How distant Mr Arafat’s world seems only 20 years after his death has much to do with forces beyond his doing. There is the corruption and ineptitude of current Palestinian officials that makes its people despondent, experts say. There is also counterproductive and often brutal Israeli policy that entrenches hate, as well as the general unpredictability and turbulence of a conflict that has run for so long and so deep.

But, according to many who knew Mr Arafat, today’s bad state of affairs also has a great deal to do with his own mistakes.

Nimrod Novik, a close foreign affairs adviser to former Israeli prime minister Shimon Peres, knew Mr Arafat for years. He told The National that the seeds of a corrupt Palestinian Authority were “planted under Arafat”.

“We [the Israelis] made the mistake of tolerating [Mr Arafat’s] practice of buying loyalty by allowing corruption and not calling him out for violation of trust and mutual confidence,” Mr Novik said.

“We said to ourselves that Arafat was deprived of the instruments of governance in any normal society. He was governing under occupation. He had no monopoly over the use of force. His budget was restricted,” Mr Novik added.

“Therefore, we could understand why he used corrupt practices. We were short-sighted on that and wrong. The end result was that the Palestinian Authority was a corrupt entity that contributed substantially to its loss of credibility with its own constituents.”

Hazem Ayyad, a prominent Jordanian researcher specialising in Palestinian affairs, said Mr Arafat brought about “disaster upon the PLO and the Palestinian people” when he signed the Oslo Accords.

“He was a victim of Oslo, which created a deep schism [in Palestinian society]. He ended up being neither in the reluctant camp nor in the moderate camp,” Mr Ayyad said.

The PLO that Arafat led emanated from the Palestinian diaspora, but Oslo ended up undermining the rights of the hundreds of thousands of Palestinians who became refugees after the 1948 war. This caused “resentment” among Mr Arafat’s core constituency.

The refugees started feeling “betrayed” by him in the 1980s and many of them who held senior PLO positions started defecting from the organisation. This schism was compounded when the PLO monopolised the Palestinian Authority as soon as it was created.

“The schism became institutional and it remains until this day: the PA on one side and the rest of the Palestinian people on the other. Arafat found himself alone at the end,” Mr Ayyad said.

For the Israelis, Mr Novik said there was an even more fundamental problem with Mr Arafat’s approach: his strategy of “combining diplomacy with terrorism as a means for accomplishing objectives” in the run-up to the Second Intifada, the five-year eruption of violence between Palestinians and Israelis between 2000 and 2005 that remains a scar for both sides.

“In Israel there are two schools of thought about this period. One is that he never made the transition from a revolutionary leader to a nation builder. Others say he made that transition but reached the conclusion that Israelis don’t respond to diplomacy, only to force,” said Mr Novik.

In 2001, right-wing prime minister Ariel Sharon placed Arafat under house arrest, where his health began to deteriorate. During this time, radical Palestinian groups stepped up their attacks on Israeli targets and civilians, resuming a cycle of violence that continues today.

Mr Arafat died an isolated death in Paris in 2004 after heading to the city for medical treatment.

The hope of his work and the frameworks he helped hash out remain diplomatic talking points. With so much at stake, it is possible that a concerted global push could bring them closer to realisation.

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The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part one: how cars came to the UAE

 

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How Tesla’s price correction has hit fund managers

Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.

It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.

The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.

Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.

Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.

He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.

AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”

A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.

Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.

Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.

Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.

By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.

Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.

In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”

Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.

She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.

Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.

Updated: November 12, 2024, 1:59 PM