Benjamin Netanyahu shows a map of the Jordan Valley and West Bank settlements. Bloomberg
Benjamin Netanyahu shows a map of the Jordan Valley and West Bank settlements. Bloomberg
Benjamin Netanyahu shows a map of the Jordan Valley and West Bank settlements. Bloomberg
Benjamin Netanyahu shows a map of the Jordan Valley and West Bank settlements. Bloomberg

The very idea of Palestine is under threat


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Now more than ever before, the idea of a Palestinian sovereign state is under threat and it is at risk of disappearing altogether.

The Israeli occupation of Palestinian land is expanding as new settlements are announced. The Gaza Strip continues to cut off from the world. And the occupation is also being normalised by the current US administration, which has recognised Jerusalem as Israel’s capital in 2017, ignoring the fact that Palestinians sought East Jerusalem as the capital of their future state, and that it is still occupied.

But it could be that the worse has yet to come. Israeli Prime Minister Benjamin Netanyahu has decided to take it one step further. Mr Netanyahu has pledged to annex the Jordan Valley, which makes up one quarter of the West Bank, exposing himself as a man prepared to sacrifice the dreams of all those yearning for peace – and with the rightful claim of Palestinians for their own state – on the altar of his own ambition.

This cynical attempt to woo right-wing Israeli voters is not unprecedented. In April, shortly before the previous election in which he failed to win sufficient votes to form a government, he suggested he would annex large parts of the occupied West Bank.

For years, Israel has allowed hundreds of thousands of illegal Israeli settlers to reside in the West Bank, paving the way for such a move which, if carried through, would destroy all hope of a two-state solution.

The Jordan Valley, occupied by some 11,000 Israeli settlers, is also home to 65,000 Palestinians. Such is Mr Netanyahu’s contempt for them that he didn’t think it necessary to consult the Palestinian Authority before dropping his announcement.

That he did so on the same week as the 26th anniversary of the Oslo Accords says much about his regard for the entire peace process.

The League of Arab States has condemned the move as irresponsible and dangerous. In a tweet, Jordan’s Minister of Foreign Affairs Ayman Safadi said that Mr Netanyahu’s actions amounted to “killing all chances for peace for electoral purposes”. In a statement, UAE Minister of Foreign Affairs and International Cooperation Sheikh Abdullah bin Zayed Al Nahyan, said this announcement was a dangerous escalation, violating international laws, charters, and resolutions.

Mr Netanyahu is prepared to sacrifice the dreams of all those yearning for peace – and the rightful claim of Palestinians to their own state – on the altar of his ambition

It is also clear that, with Mr Trump facing an election next year, Mr Netanyahu, in referring to his annexation plan as a historic chance "that we may not have again”, senses that a window of opportunity might be closing on his nefarious ambitions.

The Trump administration’s long-awaited “deal of the century” is due to be released after Israel’s election. Whatever it contains, if the US is serious about bringing stability to the region it cannot allow Mr Netanyahu to carry through his threat of annexation.

Likewise, when the leaders of the world gather at the United Nations in New York later this month, Israel’s proposed illegal land grab must not go unchallenged.

By chance, Israel’s general election takes place on the same day that the 74th session of the General Assembly of the UN begins. If Mr Netanyahu’s iniquitous inducement has proved sufficient to return him to power, the UN must condemn annexation as vehemently as earlier this year it rejected Israel’s claim to the Golan Heights. But it must also look to actions. not just words.

If the world fails to resist Mr Netanyahu’s abuse of international law, it will be complicit not only in the shattering of hopes for peace in the region, but also in the death of the very idea of Palestine.

KEY HIGHLIGHTS

Healthcare spending to double to $2.2 trillion rupees

Launched a 641billion-rupee federal health scheme

Allotted 200 billion rupees for the recapitalisation of state-run banks

Around 1.75 trillion rupees allotted for privatisation and stake sales in state-owned assets

ESSENTIALS

The flights 
Fly Etihad or Emirates from the UAE to Moscow from 2,763 return per person return including taxes. 
Where to stay 
Trips on the Golden Eagle Trans-Siberian cost from US$16,995 (Dh62,414) per person, based on two sharing.

SUZUME
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MATCH INFO

Manchester United v Brighton, Sunday, 6pm UAE

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Abu Dhabi racecard

5pm: Maiden (Purebred Arabians); Dh80,000; 1,400m.
5.30pm: Maiden (PA); Dh80,00; 1,400m.
6pm: Sheikh Zayed bin Sultan Al Nahyan National Day Cup (PA); Group 3; Dh500,000; 1,600m.
6.30pm: Sheikh Zayed bin Sultan Al Nahyan National Day Cup (Thoroughbred); Listed; Dh380,000; 1,600m
7pm: Wathba Stallions Cup for Private Owners Handicap (PA); Dh70,000; 1,400m.
7.30pm: Handicap (PA); Dh80,000; 1,600m

While you're here

Schedule:

Pakistan v Sri Lanka:
28 Sep-2 Oct, 1st Test, Abu Dhabi
6-10 Oct, 2nd Test (day-night), Dubai
13 Oct, 1st ODI, Dubai
16 Oct, 2nd ODI, Abu Dhabi
18 Oct, 3rd ODI, Abu Dhabi
20 Oct, 4th ODI, Sharjah
23 Oct, 5th ODI, Sharjah
26 Oct, 1st T20I, Abu Dhabi
27 Oct, 2nd T20I, Abu Dhabi
29 Oct, 3rd T20I, Lahore

The biog

Name: Samar Frost

Born: Abu Dhabi

Hobbies: Singing, music and socialising with friends

Favourite singer: Adele

THE BIO

Favourite car: Koenigsegg Agera RS or Renault Trezor concept car.

Favourite book: I Am Pilgrim by Terry Hayes or Red Notice by Bill Browder.

Biggest inspiration: My husband Nik. He really got me through a lot with his positivity.

Favourite holiday destination: Being at home in Australia, as I travel all over the world for work. It’s great to just hang out with my husband and family.

 

 

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.”

How does ToTok work?

The calling app is available to download on Google Play and Apple App Store

To successfully install ToTok, users are asked to enter their phone number and then create a nickname.

The app then gives users the option add their existing phone contacts, allowing them to immediately contact people also using the application by video or voice call or via message.

Users can also invite other contacts to download ToTok to allow them to make contact through the app.

 

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The biog

Hometown: Birchgrove, Sydney Australia
Age: 59
Favourite TV series: Outlander Netflix series
Favourite place in the UAE: Sheikh Zayed Grand Mosque / desert / Louvre Abu Dhabi
Favourite book: Father of our Nation: Collected Quotes of Sheikh Zayed bin Sultan Al Nahyan
Thing you will miss most about the UAE: My friends and family, Formula 1, having Friday's off, desert adventures, and Arabic culture and people
 

The specs

Engine: 3-litre twin-turbo V6

Power: 400hp

Torque: 475Nm

Transmission: 9-speed automatic

Price: From Dh215,900

On sale: Now