Israeli Prime Minister Benjamin Netanyahu, United States Secretary of State Madeleine Albright and Palestinian leader Yasser Arafat (from L to R) meet at an Israeli military base. AFP
Israeli Prime Minister Benjamin Netanyahu, United States Secretary of State Madeleine Albright and Palestinian leader Yasser Arafat (from L to R) meet at an Israeli military base. AFP
Israeli Prime Minister Benjamin Netanyahu, United States Secretary of State Madeleine Albright and Palestinian leader Yasser Arafat (from L to R) meet at an Israeli military base. AFP
Israeli Prime Minister Benjamin Netanyahu, United States Secretary of State Madeleine Albright and Palestinian leader Yasser Arafat (from L to R) meet at an Israeli military base. AFP


How the Madeleine Albright I knew really felt about the plight of Arabs


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  • Arabic

March 27, 2022

I was deeply saddened on learning of the passing of former US Secretary of State Madeleine Albright. As I had known her for more than three decades, as an adversary and a friend, I tweeted this about her:

“Madeleine was smart, tough and also very kind. We disagreed on Palestine a number of times, but she disagreed respectfully. I’ll never forget at the Israeli-Palestinian peace signing, she hugged me and said: ‘This isn’t just a day for them. It’s for us, too.’”

The response to my tweet was immediate and hostile. I received mean-spirited lectures on her insensitivity to the starving children of Iraq and her neglect of Palestinian human rights. Initially, I made the mistake of attempting to correct the record on Twitter. Because Twitter can be a cruel and unthinking place, where people are more intent on scoring points than finding understanding, I soon realised that it was pointless to continue. I thought it best to write, for the record, about a few of my encounters with Albright.

My first dealings with her were at the 1988 Democratic Convention in Atlanta, Georgia. She wanted to meet with me to see if she could dissuade me from introducing a pro-Palestinian plank into that year’s Democratic Party platform. I was representing the presidential campaign of Rev Jesse Jackson, while she represented the Democratic nominee, Michael Dukakis. The nominee’s team had written rather stale platform language about the Israeli-Palestinian conflict that spoke only about support for Israel and some vague language endorsing the Camp David Accords. Palestinians weren’t mentioned at all.

Because Rev Jackson had won enough delegates during that year’s primary contests, we had earned the right to introduce and debate a minority plank. The language we sought to include in the platform called for “mutual recognition and self-determination for both Israelis and Palestinians”. Albright’s job at our meeting was to convince me to withdraw our plank. We argued. At one point, I tested her with a lukewarm compromise. I noted that since the platform called for endorsing Camp David, why not just spell that out, adding language from the Accords, such as “the principle of land for peace and recognising the legitimate rights of the Palestinian people”.  That, I was told, rather forcefully, was a non-starter. The Dukakis campaign did not want the “P-word” in the platform or even to have the matter discussed in a public forum. Realising that no compromise was possible, we decided to take our plank to the full convention and have the first ever debate on Palestinian rights at a national party convention.

In 1995, at the second White House Israeli-Palestinian signing ceremony, as Yasser Arafat and Israeli Prime Minister Yitzhak Rabin shook hands, I spotted Albright. She hugged me, saying, “This isn’t just a day for them – it’s for us, too.” It was a gracious gesture in a city not known for them. And it meant a lot to me coming from someone who had been such a fierce adversary.

She hugged me, saying, 'This isn't just a day for them - it's for us, too.'

During her tenure as Secretary of State, we interacted on a number of occasions. She regularly briefed Arab-Americans on developments and setbacks in the search for peace. She was responsive to our concerns with settlement expansion and was personally outraged by the treatment Israeli authorities meted out to Arab-Americans, especially those of Palestinian descent, as they attempted to fly into Ben Gurion Airport. She personally raised the issue with her Israeli counterparts and expressed her frustration and even anger that the practice continued.

In the late 1990s my son, who had been running a human rights project for lawyers in occupied Palestine, was asked to come to Washington to work at the State Department in Near East Affairs. A few pro-Israel groups took umbrage and sought to have him removed from the post. Albright let it be known that she was enraged and said, “We can’t let them win this. It will be devastating if they do.” She defended my son and insisted that the department needed more Arab-Americans, not fewer.

While this was going on, she called me one day to tell me that she wanted to convene a meeting at the department for Arab-Americans and American Jews to update them on the problems in the “peace process”.  At the end of that meeting, she signalled that she wanted me to come back to her office for a private chat. She told me that as she looked around the room at the 10 Arab Americans and 10 American Jews, she also, for the first time, noticed that her State Department “peace team” was almost all Jewish. She asked me why I had never raised concern about this imbalance, especially after the treatment meted out to my son. I told her that this was not something Arab-Americans normally could or would think to do.

In 2006, Albright published The Mighty and the Almighty a treatment of the role of religion in foreign policy. She called and asked me to interview her and moderate the discussion at her book launch and to accompany her and do the same at another book event in Michigan. What impressed me most about the book and the discussions that the audience and I had with her was the way she addressed her oft-quoted comments that appeared to dismiss the impact that the US sanctions on Iraq had on the children of that country. She apologised for the comments — they were off-hand and flippant — and the policy, which while intended to contain Saddam Hussein, had instead taken too grave a toll on innocent civilians. She noted that the comments and policy had long haunted her.

And so, I remember Madeleine Albright, not for a quote and policy she regretted or for the fierce policy disagreements we had, but for the smart, tough, and thoughtful woman she could be and for her ability to acknowledge errors she had made and be gracious with former sparring partners.

Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

POSSIBLE ENGLAND EURO 2020 SQUAD

Goalkeepers: Jordan Pickford, Nick Pope, Dean Henderson.
Defenders: Trent Alexander-Arnold, Kieran Trippier, Joe Gomez, John Stones, Harry Maguire, Tyrone Mings, Ben Chilwell, Fabian Delph.
Midfielders: Declan Rice, Harry Winks, Jordan Henderson, Ross Barkley, Mason Mount, Alex Oxlade-Chamberlain.
Forwards: Harry Kane, Raheem Sterling, Marcus Rashford, Jadon Sancho, Tammy Abraham, Callum Hudson-Odoi.

What are NFTs?

Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.

You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”

However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.

This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”

This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.

MATCH INFO

Liverpool 4 (Salah (pen 4, 33', & pen 88', Van Dijk (20')

Leeds United 3 (Harrison 12', Bamford 30', Klich 66')

Man of the match Mohamed Salah (Liverpool)

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.”

LILO & STITCH

Starring: Sydney Elizebeth Agudong, Maia Kealoha, Chris Sanders

Director: Dean Fleischer Camp

Rating: 4.5/5

Captain Marvel

Director: Anna Boden, Ryan Fleck

Starring: Brie Larson, Samuel L Jackson, Jude Law,  Ben Mendelsohn

4/5 stars

What are the influencer academy modules?
  1. Mastery of audio-visual content creation. 
  2. Cinematography, shots and movement.
  3. All aspects of post-production.
  4. Emerging technologies and VFX with AI and CGI.
  5. Understanding of marketing objectives and audience engagement.
  6. Tourism industry knowledge.
  7. Professional ethics.
Nepotism is the name of the game

Salman Khan’s father, Salim Khan, is one of Bollywood’s most legendary screenwriters. Through his partnership with co-writer Javed Akhtar, Salim is credited with having paved the path for the Indian film industry’s blockbuster format in the 1970s. Something his son now rules the roost of. More importantly, the Salim-Javed duo also created the persona of the “angry young man” for Bollywood megastar Amitabh Bachchan in the 1970s, reflecting the angst of the average Indian. In choosing to be the ordinary man’s “hero” as opposed to a thespian in new Bollywood, Salman Khan remains tightly linked to his father’s oeuvre. Thanks dad. 

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Company name: baraka
Started: July 2020
Founders: Feras Jalbout and Kunal Taneja
Based: Dubai and Bahrain
Sector: FinTech
Initial investment: $150,000
Current staff: 12
Stage: Pre-seed capital raising of $1 million
Investors: Class 5 Global, FJ Labs, IMO Ventures, The Community Fund, VentureSouq, Fox Ventures, Dr Abdulla Elyas (private investment)

SPECS
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%202-litre%204-cylinder%20turbo%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E268hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E380Nm%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh208%2C000%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%0D%3Cbr%3E%3C%2Fp%3E%0A
Tips for taking the metro

- set out well ahead of time

- make sure you have at least Dh15 on you Nol card, as there could be big queues for top-up machines

- enter the right cabin. The train may be too busy to move between carriages once you're on

- don't carry too much luggage and tuck it under a seat to make room for fellow passengers

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 

Destroyer

Director: Karyn Kusama

Cast: Nicole Kidman, Toby Kebbell, Sebastian Stan

Rating: 3/5 

UAE release: January 31 

Tonight's Chat on The National

Tonight's Chat is a series of online conversations on The National. The series features a diverse range of celebrities, politicians and business leaders from around the Arab world.

Tonight’s Chat host Ricardo Karam is a renowned author and broadcaster who has previously interviewed Bill Gates, Carlos Ghosn, Andre Agassi and the late Zaha Hadid, among others.

Intellectually curious and thought-provoking, Tonight’s Chat moves the conversation forward.

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MATCH INFO

Manchester United 1 (Rashford 36')

Liverpool 1 (Lallana 84')

Man of the match: Marcus Rashford (Manchester United)

Traces%20of%20Enayat
%3Cp%3E%3Cstrong%3EAuthor%3A%3C%2Fstrong%3E%20Iman%20Mersal%3Cbr%3E%3Cstrong%3EPublisher%3A%3C%2Fstrong%3E%20And%20Other%20Stories%3Cbr%3E%3Cstrong%3EPages%3A%3C%2Fstrong%3E%20240%3C%2Fp%3E%0A

White hydrogen: Naturally occurring hydrogenChromite: Hard, metallic mineral containing iron oxide and chromium oxideUltramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica contentOphiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on landOlivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour

Updated: March 27, 2022, 9:54 AM