Donald Trump and Jared Kushner with then Israeli prime minister Benjamin Netanyahu in Jerusalem. Getty
Donald Trump and Jared Kushner with then Israeli prime minister Benjamin Netanyahu in Jerusalem. Getty
Donald Trump and Jared Kushner with then Israeli prime minister Benjamin Netanyahu in Jerusalem. Getty
Donald Trump and Jared Kushner with then Israeli prime minister Benjamin Netanyahu in Jerusalem. Getty


Kushner's memoir shows how disarray in the White House led to the 'Deal of the Century'


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August 19, 2022

A few minutes into a January 2020 White House news conference launching then US president Donald Trump’s long-awaited Israeli-Palestinian peace initiative, things started to go badly wrong. As Jared Kushner, Mr Trump’s senior adviser in charge of the plan, acknowledges in a new book, his big moment was being hijacked before his eyes by an ally, then Israeli prime minister Benjamin "Bibi" Netanyahu.

“I grabbed my chair so intensely that my knuckles turned white, as if my grip could make Bibi stop,” Mr Kushner writes. “In both tone and substance, the speech was way off the mark … it misrepresented our plan.”

Excerpts released from Mr Kushner’s upcoming memoir, Breaking History: A White House Memoir – to be published later this month – starkly illustrate behind-the-scenes details of the Trump administration’s Middle East strategy and wider foreign policy. They paint a picture of endemic naivety and dysfunction that ultimately led to such a profound failure that Mr Trump’s intended policies have until now not even come to light.

There is little doubt that Mr Kushner intends his book "to set the record straight" and to defend his and Mr Trump’s intentions and actions. Yet it is telling that he seems unaware that his account of events will probably achieve the opposite outcome. His account highlights the disastrous diplomatic and political consequences of having total political novices in the White House.

He tries to show – contrary to prevailing perceptions – that the Trump administration’s intent was not to be as pro-Israel as it looked. But ultimately what he shows is that this perception has held because the inexperienced Mr Trump and Mr Kushner had rings run around them by veteran political players adept at the cut-and-thrust of Middle East politics and diplomacy.

Mr Kushner’s detailed account of January 2020 is certainly eye-opening. He explains that the plan intended to “eventually recognise Israel’s sovereignty over agreed-upon areas [of the West Bank], if Israel took steps to advance Palestinian statehood within the territory we outlined”. Mr Trump wanted to “present a dignified and balanced proposal – one that required compromises on both sides”, insists Mr Kushner, who believed that this had been fully understood by the Israelis. However, he points out, "that certainly wasn’t the deal Bibi was describing”.

“I had explicitly asked Israeli ambassador [to the US] Ron Dermer to make sure Bibi kept his remarks brief and above the politics of the day,” he writes further, but Mr Netanyahu’s speech “contained nothing magnanimous or conciliatory toward the Palestinians. It was essentially a campaign speech for his domestic political audience”.

During his term in office, Netanyahu frequently threatened to annex large parts of Palestine. AFP
During his term in office, Netanyahu frequently threatened to annex large parts of Palestine. AFP
Kushner’s detailed account of January 2020 is certainly eye-opening

Israel will apply its law, Mr Netanyahu declared, “to all the Jewish communities [in the West Bank] … and to other areas that your plan designates as part of Israel and which the United States has agreed to recognise as part of Israel".

But this, Mr Kushner writes, “was not what we had negotiated".

The plan conceived of a semi-contiguous Palestinian state – 70 per cent of the West Bank, some neighbourhoods in East Jerusalem, the Gaza Strip and some areas in southern Israel – if the Palestinians recognised Israel as a Jewish state and disarm Hamas and other armed groups. Yet, Mr Netanyahu told the world something very different.

How had this been allowed to occur? In addition to his anger at Mr Netanyahu, Mr Kushner accused then US ambassador to Israel, David Friedman – a former lawyer for Mr Trump, and an unapologetically open supporter of Israel – of effectively going rogue by telling Mr Netanyahu that Mr Trump would back Israel annexing large parts of the West Bank.

But the stark reality is that neither Mr Trump nor Mr Kushner were even vaguely prepared for the level of Machiavellian scheming that comes with such high-stakes international political affairs – the kind of tactics Mr Kushner now implies both Mr Netanyahu and Mr Friedman successfully wielding against him. Had the plan’s details and its public unveiling been put in the hands of veteran diplomats, and/or State Department and White House senior officials, such tricks would almost certainly have been pre-empted and evaded – but, instead, Mr Trump entrusted it all to Mr Kushner, an inexperienced political office-holder.

Ownership of the process by such veterans would also have ensured the plan was credible. Almost no one outside the Trump administration believed the plan had any chance of gaining traction let alone succeeding. Indeed, the Palestinian government rejected the plan not just before it was launched, but before it had even been briefed on its specifics. And when published, one informed observer commented that “literally none of it is actionable ... it is the Monty Python sketch of Israeli-Palestinian peace initiatives".

Successfully managing, let alone resolving, complex international issues such as Palestine-Israel requires in-depth knowledge, skill and subtlety, hard enough for veteran diplomats and officials, and virtually impossible for those without any pertinent experience. Add utter disdain for such foreign policy and national security professionals – a defining characteristic of the Trump administration – and the failures highlighted come as little surprise.

The Palestinian-Israeli conflict is no place for political novices with no experience or knowledge of the conflict and its ever-deepening complexity. The international community has consistently failed over the years to bring peace there – even former US president Bill Clinton and erstwhile UK prime minister Tony Blair, key architects of the Good Friday Agreement that brought peace to Northern Ireland, each tried and failed. Yet, Mr Trump sent as his representative a man whose main qualification was that he was his son-in-law.

Mr Kushner’s account overwhelmingly evidences the imperative for US policy to be based on sound principles informed by wise counsel, rather than by narrow personal agendas and hubris. These required qualities are everything the Trump administration lacked. And what should truly frighten us is that nothing suggests Mr Trump will do things any differently if he gets elected to a second term in 2024.

Predictions

Predicted winners for final round of games before play-offs:

  • Friday: Delhi v Chennai - Chennai
  • Saturday: Rajasthan v Bangalore - Bangalore
  • Saturday: Hyderabad v Kolkata - Hyderabad
  • Sunday: Delhi v Mumbai - Mumbai
  • Sunday - Chennai v Punjab - Chennai

Final top-four (who will make play-offs): Chennai, Hyderabad, Mumbai and Bangalore

Asia Cup 2018 final

Who: India v Bangladesh

When: Friday, 3.30pm, Dubai International Stadium

Watch: Live on OSN Cricket HD

CABINET%20OF%20CURIOSITIES%20EPISODE%201%3A%20LOT%2036
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EGuillermo%20del%20Toro%3Cbr%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Tim%20Blake%20Nelson%2C%20Sebastian%20Roche%2C%20Elpidia%20Carrillo%3Cbr%3ERating%3A%204%2F5%3C%2Fp%3E%0A
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 two: how climate change drove the race for an alternative 

Tips for newlyweds to better manage finances

All couples are unique and have to create a financial blueprint that is most suitable for their relationship, says Vijay Valecha, chief investment officer at Century Financial. He offers his top five tips for couples to better manage their finances.

Discuss your assets and debts: When married, it’s important to understand each other’s personal financial situation. It’s necessary to know upfront what each party brings to the table, as debts and assets affect spending habits and joint loan qualifications. Discussing all aspects of their finances as a couple prevents anyone from being blindsided later.

Decide on the financial/saving goals: Spouses should independently list their top goals and share their lists with one another to shape a joint plan. Writing down clear goals will help them determine how much to save each month, how much to put aside for short-term goals, and how they will reach their long-term financial goals.

Set a budget: A budget can keep the couple be mindful of their income and expenses. With a monthly budget, couples will know exactly how much they can spend in a category each month, how much they have to work with and what spending areas need to be evaluated.

Decide who manages what: When it comes to handling finances, it’s a good idea to decide who manages what. For example, one person might take on the day-to-day bills, while the other tackles long-term investments and retirement plans.

Money date nights: Talking about money should be a healthy, ongoing conversation and couples should not wait for something to go wrong. They should set time aside every month to talk about future financial decisions and see the progress they’ve made together towards accomplishing their goals.

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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.”

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

Auron Mein Kahan Dum Tha

Starring: Ajay Devgn, Tabu, Shantanu Maheshwari, Jimmy Shergill, Saiee Manjrekar

Director: Neeraj Pandey

Rating: 2.5/5

THE SPECS

Aston Martin Rapide AMR

Engine: 6.0-litre V12

Transmission: Touchtronic III eight-speed automatic

Power: 595bhp

Torque: 630Nm

Price: Dh999,563

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

German intelligence warnings
  • 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
  • 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
  • 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250 

Source: Federal Office for the Protection of the Constitution

Sole survivors
  • Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
  • George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
  • Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
  • Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.

Directed: Smeep Kang
Produced: Soham Rockstar Entertainment; SKE Production
Cast: Rishi Kapoor, Jimmy Sheirgill, Sunny Singh, Omkar Kapoor, Rajesh Sharma
Rating: Two out of five stars 

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Updated: August 24, 2022, 11:11 AM