Ultra-Orthodox Jews also receive significant subsidies to continue their secluded way of life, which many Israelis criticise as an unfair financial burden. AFP
Ultra-Orthodox Jews also receive significant subsidies to continue their secluded way of life, which many Israelis criticise as an unfair financial burden. AFP
Ultra-Orthodox Jews also receive significant subsidies to continue their secluded way of life, which many Israelis criticise as an unfair financial burden. AFP
Ultra-Orthodox Jews also receive significant subsidies to continue their secluded way of life, which many Israelis criticise as an unfair financial burden. AFP

Israeli ultra-Orthodox party reportedly planning to quit Netanyahu coalition


Thomas Helm
  • English
  • Arabic

Ultra-Orthodox leaders in Israel have reportedly ordered politicians in the United Torah Judaism party, which sits in Prime Minister Benjamin Netanyahu’s far-right coalition, to withdraw from government over lack of progress on passing legislation to exempt young men from the community from military service.

Reports of the UTJ's imminent withdrawal have sparked opposition plans to put forward a bill to dissolve parliament, giving Mr Netanyahu about a week to find a solution to save his coalition.

If he fails, it opens up the possibility that Israel has to hold early elections.

The issue of whether ultra-Orthodox youths should perform military service, which is mandatory for all other Jewish Israelis, has proven to be one of the most insurmountable in Israeli politics in recent years. The ultra-Orthodox community have grown increasingly frustrated in recent weeks over delays in passing an exemption law.

A demonstration against Ultra-Orthodox conscription in Jerusalem on October 31, 2024. AFP
A demonstration against Ultra-Orthodox conscription in Jerusalem on October 31, 2024. AFP

The wider dispute intensified during the Gaza War. Israel’s military says it is facing a manpower shortage and many Israelis feel their children take on an unfair burden while the ultra-Orthodox stay away from military service to dedicate themselves to religious study. The community also receives significant subsidies to continue their secluded way of life, which many Israelis also criticise as an unfair financial burden that encourages the community not to integrate.

The UTJ’s reported plans to withdraw come after a meeting to find a solution between the party’s senior officials and Yuli Edelstein, chairman of the Knesset’s Foreign Affairs and Defence Committee, ended in failure. Mr Edelstein, a member of Mr Netanyahu’s Likud party, previously vowed to find a solution that “significantly increases [the military’s] conscription base,” echoing frustration by many in the ultranationalist, hawkish coalition at the ultra-Orthodox’s refusal to serve.

The UTJ party holds seven of the ruling coalition's 68 seats, meaning that their departure would not end the government’s majority in the 120-seat Knesset. However, a second ultra-Orthodox party, Shas, is also demanding the passage of a bill to exempt their young men from service. Shas, which has 11 seats, have not yet commented on their stance towards the current impasse, but it is considered likely to follow UTJ's suit, which would deprive Mr Netanyahu of his majority.

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The Written World: How Literature Shaped History
Martin Puchner
Granta

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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iPhone XS
With a 5.8-inch screen, it will be an advance version of the iPhone X. It will be dual sim and comes with better battery life, a faster processor and better camera. A new gold colour will be available.
Price: Dh4,229

iPhone XS Max
It is expected to be a grander version of the iPhone X with a 6.5-inch screen; an inch bigger than the screen of the iPhone 8 Plus.
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iPhone XR
A low-cost version of the iPhone X with a 6.1-inch screen, it is expected to attract mass attention. According to industry experts, it is likely to have aluminium edges instead of stainless steel.
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Apple Watch Series 4
More comprehensive health device with edge-to-edge displays that are more than 30 per cent bigger than displays on current models.

The specs

Engine: 6.2-litre supercharged V8

Power: 712hp at 6,100rpm

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Transmission: 8-speed auto

Fuel consumption: 19.6 l/100km

Price: Dh380,000

On sale: now 

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Farage on Muslim Brotherhood

Nigel Farage told Reform's annual conference that the party will proscribe the Muslim Brotherhood if he becomes Prime Minister.
"We will stop dangerous organisations with links to terrorism operating in our country," he said. "Quite why we've been so gutless about this – both Labour and Conservative – I don't know.
“All across the Middle East, countries have banned and proscribed the Muslim Brotherhood as a dangerous organisation. We will do the very same.”
It is 10 years since a ground-breaking report into the Muslim Brotherhood by Sir John Jenkins.
Among the former diplomat's findings was an assessment that “the use of extreme violence in the pursuit of the perfect Islamic society” has “never been institutionally disowned” by the movement.
The prime minister at the time, David Cameron, who commissioned the report, said membership or association with the Muslim Brotherhood was a "possible indicator of extremism" but it would not be banned.

Dhadak 2

Director: Shazia Iqbal

Starring: Siddhant Chaturvedi, Triptii Dimri 

Rating: 1/5

The specs: 2018 BMW R nineT Scrambler

Price, base / as tested Dh57,000

Engine 1,170cc air/oil-cooled flat twin four-stroke engine

Transmission Six-speed gearbox

Power 110hp) @ 7,750rpm

Torque 116Nm @ 6,000rpm

Fuel economy, combined 5.3L / 100km

Updated: June 04, 2025, 12:05 PM