Pope Francis pictured in the Paul VI Audience Hall at the Vatican on December 7. The manger scene is a powerful reminder of Jesus in the beginning – born a humble outcast. Reuters
Pope Francis pictured in the Paul VI Audience Hall at the Vatican on December 7. The manger scene is a powerful reminder of Jesus in the beginning – born a humble outcast. Reuters
Pope Francis pictured in the Paul VI Audience Hall at the Vatican on December 7. The manger scene is a powerful reminder of Jesus in the beginning – born a humble outcast. Reuters
Pope Francis pictured in the Paul VI Audience Hall at the Vatican on December 7. The manger scene is a powerful reminder of Jesus in the beginning – born a humble outcast. Reuters


The manger and the keffiyeh are powerful symbols of hope


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December 24, 2024

The scene in the Vatican’s Paul VI Audience Hall was quite moving. Pope Francis had come to thank those who had donated its Christmas tree and the carved, life-sized figures that depicted the birth of Jesus set up at its foot. As the Pope sat in silent prayer, one thing stood out: the manger on which lay the figure of the infant Jesus was lined with a keffiyeh. The symbolism was powerful. Here’s why.

The birth of Jesus, as related in the Christian Bible and tradition, tells us that because his parents could not find room in a Bethlehem inn, they were forced to find shelter in a cave that housed animals. After his birth, Mary, his mother, placed the child in a manger where he lay as common shepherds came to pay homage and kings from the East came bearing gifts.

When King Herod, the Roman client who governed this region of the empire, became aware of this birth and the prophecies about how, despite his inauspicious origin, this child would rise to lead his people, he felt threatened. In a rage, Herod ordered the massacre of all little children in the area. Warned in advance, Jesus’s parents and their newborn fled to Egypt until it was safe to return.

A worshipper visits the Church of the Nativity in the West Bank city of Bethlehem on December 17. For Palestinian Christians, the nativity story gives hope to those who have lost hope. AP
A worshipper visits the Church of the Nativity in the West Bank city of Bethlehem on December 17. For Palestinian Christians, the nativity story gives hope to those who have lost hope. AP

Palestinian Christians see echoes of their nation’s plight in this story. They are outcasts living under occupation. We are told that, from the beginning, the birth of Jesus would herald a new order that would promise freedom for captives, bring low the mighty, send the rich away empty and reward those who persevere for the sake of justice. Palestinians know that their very existence and steadfastness threatens to upend the established order.

When the Christian faith was later adopted by the Roman Empire, images of Jesus took on the trappings of royalty. He came to be portrayed as a king in an earthly sense, clothed in regal garments and crowned in gold. In this transformation, the profoundly unsettling upside-down message of the original story is lost. And so, the manger scene in the Vatican is a powerful reminder of Jesus in the beginning – an outcast, born humbly, under occupation, and with parents fearful for his safety. In this context, the keffiyeh is a perfect touch.

Not everyone agrees, though. Earlier this year, the head of the Anti-Defamation League, Jonathan Greenblatt, was accused of drawing an equivalence between the keffiyeh and the Nazi armband. Building on this, one US Congressman denounced Pope Francis for falling victim to the anti-Semitic propaganda lie that equates the plight of Palestinians with the Christmas story. This requires a response, because the story of the symbolism of the keffiyeh is itself something that must be understood.

Pope Francis looks at a nativity scene, designed by artists and artisans from Bethlehem, in the Israeli-occupied West Bank, at the Paul VI Audience Hall at the Vatican on December 7. Reuters
Pope Francis looks at a nativity scene, designed by artists and artisans from Bethlehem, in the Israeli-occupied West Bank, at the Paul VI Audience Hall at the Vatican on December 7. Reuters

In the mid-1930s, Palestinians were living on the edge. They had been severed from the rest of the Arab East. Their new rulers, the British Mandatory government, promised their land to the Zionist movement. The British had opened the door to a massive wave of Jewish immigration to Palestine. To regain control over their lives, land and futures, Palestinians launched an uprising that lasted between 1936 and 1939.

During this Great Revolt, they succeeded in liberating almost 80 per cent of the land. It was ended only with an agreement made between the British (who needed to free themselves of this conflict given their concerns with impending war in Europe) and a number of Arab leaders, with the Palestinians concurring. In the agreement, the British pledged to convene a commission to study the problem, to suspend immigration and in the end to respect Arab aspirations in Palestine. This, they did not do.

It is an insult to Palestinian history and humanity to try and reduce the meaning of the keffiyeh to an anti-Semitic act

During the three years of the revolt, the British exacted a heavy toll. They killed more than 5,000 people and arrested more than 12,600. Because the leadership was urban-centered, the way some Palestinian leaders sought to escape arrest and repression was to take on the garb of the peasant population, in particular, the checkered keffiyeh.

When Yasser Arafat launched the Fatah movement, despite the fact that its leaders were also members of the urban elite, they too adopted the keffiyeh as a symbol of their attachment to the land and those who work on it.

Seen in this light, it is an insult to Palestinian history and humanity to try and reduce the meaning of the keffiyeh to an anti-Semitic act. On the contrary, it is perfect to merge the two symbols – the manger and the keffiyeh – to give hope to those who have lost hope, comfort to those who are suffering and recognition to those who have been abandoned.

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.”

JAPANESE GRAND PRIX INFO

Schedule (All times UAE)
First practice: Friday, 5-6.30am
Second practice: Friday, 9-10.30am
Third practice: Saturday, 7-8am
Qualifying: Saturday, 10-11am
Race: Sunday, 9am-midday 

Race venue: Suzuka International Racing Course
Circuit Length: 5.807km
Number of Laps: 53
Watch live: beIN Sports HD

Updated: December 25, 2024, 6:38 AM