It has been 300 days since Joseph Biden was inaugurated US President. There's no question that he's had a rough go of it. He's had to contend with a united Republican Party committed to blocking his every move, and a handful of Democratic senators and members of Congress wanting to chip away at key components of his signature domestic legislation. Mr Biden has also had to deal with the chaos left behind by his predecessor. Despite these obstacles, he has had some successes.
Between now and his first anniversary in office, interest groups of all sorts will evaluate the extent to which Mr Biden's administration has been able to fulfill the commitments he made during his campaign. During the next few months, it will be important to take a look at a number of the pledges candidate Joe Biden made to the Arab American community in 2020. The issue of Palestine and Israel is a good place to begin.
During the 2020 campaign season, I was involved in the negotiations with the Biden team over the language that would shape its platform on Middle East-related issues. When it came to Palestine and Israel, they were willing to insert some language the US had failed to have included in earlier years. Mr Biden's platform does, for example, speak about the equal worth and value of Palestinians and Israelis. It also condemns Israeli settlements — language we were unable to insert into the platforms of Barack Obama and Bill Clinton.
The focus of the pressure in 2020 was on the insistence that the Biden campaign accept the principle of conditionality — tying US political and economic assistance to Israel to its policies in the occupied Palestinian territories. We failed to have any language of this sort inserted in the platform — and the absence of conditionality is the reason the Biden administration has been unable to deliver on its other campaign pledges in this area.
In both his 2020 platform and his campaign's "Plan for Partnership" with the Arab-American community, Mr Biden said a number of things about the Palestinian-Israeli conflict. He said he "believes in the worth and value of every Palestinian and every Israeli", and "will work to ensure that Palestinians and Israelis enjoy equal measures of freedom, security, prosperity, and democracy".
He said his "policies will be grounded in a commitment to a two-state solution, where Israel and the future viable state of Palestine will live together in peace, security, and mutual recognition". He said he "opposes any unilateral steps by either side that undermine a two-state solution. He opposes annexation and settlement expansion and will continue to oppose both as President".
He also said he will "take immediate steps to restore economic and humanitarian assistance to the Palestinian people, consistent with US law", "reopen the US consulate in East Jerusalem" and "work to reopen the PLO mission in Washington".
The lives and worth of Palestinians have repeatedly been subordinated in US policy
Even a cursory glance at the list makes it clear that with the exception of humanitarian assistance, the Biden administration has failed to deliver on, or even make progress towards, any of the other pledges they made.
The lives and worth of Palestinians have repeatedly been subordinated in US policy to those of Israelis. Israel has continued to take unilateral measures that put a two-state solution out of reach. And it appears that the Biden administration has surrendered to Israel and pro-Israel "hawks" in Congress on reopening both the Jerusalem Consulate (which is actually in West, not East, Jerusalem) and the PLO office in Washington.
During the past 10 months, the situation confronting Palestinians in the occupied territories has appreciably worsened. The Gaza war – precipitated by a combination of provocative Israeli actions and by Hamas's foolish and costly use of rockets – resulted in the deaths of more than 200 Palestinians and a dozen Israelis, devastation to Gaza's infrastructure and the destruction of the homes of tens of thousands. Dozens of Palestinian demonstrators in the West Bank also lost their lives to Israeli fire.
The Biden administration had only a timid response to both Israel's actions in Jerusalem and its disproportionate use of force in Gaza and the West Bank. And the aid the US has offered Palestinians, while welcomed, was $360 million — a paltry sum when compared to Israel's $3.8 billion annual aid supplemented by an additional $1bn to replenish its "Iron Dome" defence system.
Israel's new government has announced plans to significantly increase the number of settlement housing units in the occupied lands and has "legalised" a number of previously "unauthorised" settlements — this growth consolidates Israeli control over the territories and makes difficult the establishment of an independent, viable Palestinian state. At the same time, Israel has continued to demolish Palestinian homes and do little to curb the spike in organised settler violence and harassment directed at Palestinians living near illegal Israeli settlements. To make matters worse, the Israelis have declared leading Palestinian human rights monitoring and advocacy groups to be terrorist-affiliated.
In the face of these Israeli actions, the Biden administration has done little more than express "deep concern" — which the Israelis dismiss out of hand. Doing nothing more concrete to cause Israel to change its policies of settlement growth, creeping annexation and increasing the pressure on captive Palestinians contradicts all of the goals set by the Biden team.
In an effort to defend the administration’s inaction, some express concern that a more combative stance against the new Israeli government would threaten its stability and risk bringing hardline ex-Prime Minister Benjamin Netanyahu back into office. They also suggest that challenges to Israel will cause blowback from both Republicans and some Democrats in Congress. While this may be true, subordinating Palestinian rights to concerns for Israeli or domestic politics certainly calls into question the Biden administration's stated commitment to the "equal worth and value of both Israelis and Palestinians". It renders pledges to Palestinians hollow and mostly performative. Mr Biden still has time to course-correct and demonstrate desperately needed leadership in making good on his platform promises. It’s what he should do.
War 2
Director: Ayan Mukerji
Stars: Hrithik Roshan, NTR, Kiara Advani, Ashutosh Rana
Rating: 2/5
BULKWHIZ PROFILE
Date started: February 2017
Founders: Amira Rashad (CEO), Yusuf Saber (CTO), Mahmoud Sayedahmed (adviser), Reda Bouraoui (adviser)
Based: Dubai, UAE
Sector: E-commerce
Size: 50 employees
Funding: approximately $6m
Investors: Beco Capital, Enabling Future and Wain in the UAE; China's MSA Capital; 500 Startups; Faith Capital and Savour Ventures in Kuwait
Terror attacks in Paris, November 13, 2015
- At 9.16pm, three suicide attackers killed one person outside the Atade de France during a foootball match between France and Germany
- At 9.25pm, three attackers opened fire on restaurants and cafes over 20 minutes, killing 39 people
- Shortly after 9.40pm, three other attackers launched a three-hour raid on the Bataclan, in which 1,500 people had gathered to watch a rock concert. In total, 90 people were killed
- Salah Abdeslam, the only survivor of the terrorists, did not directly participate in the attacks, thought to be due to a technical glitch in his suicide vest
- He fled to Belgium and was involved in attacks on Brussels in March 2016. He is serving a life sentence in France
Dates for the diary
To mark Bodytree’s 10th anniversary, the coming season will be filled with celebratory activities:
- September 21 Anyone interested in becoming a certified yoga instructor can sign up for a 250-hour course in Yoga Teacher Training with Jacquelene Sadek. It begins on September 21 and will take place over the course of six weekends.
- October 18 to 21 International yoga instructor, Yogi Nora, will be visiting Bodytree and offering classes.
- October 26 to November 4 International pilates instructor Courtney Miller will be on hand at the studio, offering classes.
- November 9 Bodytree is hosting a party to celebrate turning 10, and everyone is invited. Expect a day full of free classes on the grounds of the studio.
- December 11 Yogeswari, an advanced certified Jivamukti teacher, will be visiting the studio.
- February 2, 2018 Bodytree will host its 4th annual yoga market.
RESULT
Los Angeles Galaxy 2 Manchester United 5
Galaxy: Dos Santos (79', 88')
United: Rashford (2', 20'), Fellaini (26'), Mkhitaryan (67'), Martial (72')
COMPANY%20PROFILE%20
%3Cp%3EName%3A%20DarDoc%3Cbr%3EBased%3A%20Abu%20Dhabi%3Cbr%3EFounders%3A%20Samer%20Masri%2C%20Keswin%20Suresh%3Cbr%3ESector%3A%20HealthTech%3Cbr%3ETotal%20funding%3A%20%24800%2C000%3Cbr%3EInvestors%3A%20Flat6Labs%2C%20angel%20investors%20%2B%20Incubated%20by%20Hub71%2C%20Abu%20Dhabi's%20Department%20of%20Health%3Cbr%3ENumber%20of%20employees%3A%2010%3C%2Fp%3E%0A
RACE CARD
6.30pm Maiden Dh165,000 (Dirt) 1,200
7.05pm Handicap Dh165,000 (D) 1,600m
7.40pm Maiden Dh165,000 (D) 1,600m
8.15pm Handicap Dh190,000 (D) 1,600m
8.50pm Handicap Dh175,000 (D) 1,400m
9.25pm Handicap Dh175,000 (D) 2,000m
The National selections:
6.30pm Underwriter
7.05pm Rayig
7.40pm Torno Subito
8.15pm Talento Puma
8.50pm Etisalat
9.25pm Gundogdu
Evacuations to France hit by controversy
- Over 500 Gazans have been evacuated to France since November 2023
- Evacuations were paused after a student already in France posted anti-Semitic content and was subsequently expelled to Qatar
- The Foreign Ministry launched a review to determine how authorities failed to detect the posts before her entry
- Artists and researchers fall under a programme called Pause that began in 2017
- It has benefited more than 700 people from 44 countries, including Syria, Turkey, Iran, and Sudan
- Since the start of the Gaza war, it has also included 45 Gazan beneficiaries
- Unlike students, they are allowed to bring their families to France
Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
Zayed Sustainability Prize
Company%C2%A0profile
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SPEC%20SHEET
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Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
Results
Stage 7:
1. Caleb Ewan (AUS) Lotto Soudal - 3:18:29
2. Sam Bennett (IRL) Deceuninck-QuickStep - same time
3. Phil Bauhaus (GER) Bahrain Victorious
4. Michael Morkov (DEN) Deceuninck-QuickStep
5. Cees Bol (NED) Team DSM
General Classification:
1. Tadej Pogacar (SLO) UAE Team Emirates - 24:00:28
2. Adam Yates (GBR) Ineos Grenadiers - 0:00:35
3. Joao Almeida (POR) Deceuninck-QuickStep - 0:01:02
4. Chris Harper (AUS) Jumbo-Visma - 0:01:42
5. Neilson Powless (USA) EF Education-Nippo - 0:01:45
A timeline of the Historical Dictionary of the Arabic Language
- 2018: Formal work begins
- November 2021: First 17 volumes launched
- November 2022: Additional 19 volumes released
- October 2023: Another 31 volumes released
- November 2024: All 127 volumes completed
PROFILE OF CURE.FIT
Started: July 2016
Founders: Mukesh Bansal and Ankit Nagori
Based: Bangalore, India
Sector: Health & wellness
Size: 500 employees
Investment: $250 million
Investors: Accel, Oaktree Capital (US); Chiratae Ventures, Epiq Capital, Innoven Capital, Kalaari Capital, Kotak Mahindra Bank, Piramal Group’s Anand Piramal, Pratithi Investment Trust, Ratan Tata (India); and Unilever Ventures (Unilever’s global venture capital arm)
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.”
More from Rashmee Roshan Lall
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates