On his visit to Israel, Mike Pence clung to and echoed the fairytale wisdom of the American religious right. Ronen Zvulun / Reuters
On his visit to Israel, Mike Pence clung to and echoed the fairytale wisdom of the American religious right. Ronen Zvulun / Reuters
On his visit to Israel, Mike Pence clung to and echoed the fairytale wisdom of the American religious right. Ronen Zvulun / Reuters
On his visit to Israel, Mike Pence clung to and echoed the fairytale wisdom of the American religious right. Ronen Zvulun / Reuters

There is nothing just about punishing Palestinians and rewarding Israel's unjust actions


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Visiting Egypt on Saturday, US vice president Mike Pence assured his hosts that Washington "is deeply committed to restarting the peace process" between the Israelis and the Palestinians. Landing in Amman the following day, he reiterated the statement to King Abdullah of Jordan, the custodian of the Al Aqsa Mosque. King Abdullah cautiously welcomed American efforts to "rebuild trust and confidence" in the region following US president Donald Trump's unilateral decision last year to recognise Jerusalem as Israel's capital. This was an opportunity for the US administration to review up close and factor the Arab world's profound qualms about the status of Jerusalem into Washington's Middle East policy.

But by Monday, it became evident that Mr Pence hadn't come to listen to the Arabs or the Palestinians. The purpose of his visit was to hector the Palestinians—and to deliver a biblical encomium exalting Israel and sanctifying its apparatus of oppression. It is difficult to imagine how, after Mr Pence's speech on Monday to the Israeli parliament, the US can regain even a modicum of trust or goodwill among the Palestinians. How can Washington conceivably expect Palestinian president Mahmoud Abbas to regard the US administration as an honest mediator when its second most senior official applauds the dispossession of the Palestinians?

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"You have turned the desert into a garden, scarcity into plenty, sickness into health, and you turned hope into a future," Mr Pence told Israeli lawmakers, neglecting to mention the systemic degradation of Palestinians that accounts for Israel's prosperity. The Arab world has been unequivocal both in its condemnation of US's recognition of Jerusalem as Israel's capital and in its warning that it will impede the fight against radicalisation. Yet Mr Pence clung to and echoed the fairytale wisdom of the American religious right, casting a decision that may already irreparably have shattered the prospects of peace as an irenic move. "By finally recognising Jerusalem as Israel's capital, the United States has chosen fact over fiction," Mr Pence said. "And fact is the only foundation for a just peace." Mr Pence's conception of "just peace", predicated on rewarding the unjust and punishing the weak, is anything but just. Moving the US embassy to Jerusalem, which Mr Pence pledged to do, will obliterate whatever residual prospect there remains for the peace process.

It is deeply dismaying that the Trump White House, enamoured of the rightwing regime of Israeli premier Benjamin Netanyahu, cannot appreciate the harm it is causing to Washington's long-term interests by disregarding Arab and Palestinian aspirations. The gains it has made by finally pledging to hold Iran to account for spreading terror in the region are at risk of being undone by its failure to deal fairly with the Palestinians. Mr Pence's speech, as the Joint List alliance of Arab parties in the Israeli parliament summed up in a trenchant statement, was a "eulogy at a ceremony of the burial of peace and encouragement for annexation, settlement and the continuation of occupation."

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How to join and use Abu Dhabi’s public libraries

• There are six libraries in Abu Dhabi emirate run by the Department of Culture and Tourism, including one in Al Ain and Al Dhafra.

• Libraries are free to visit and visitors can consult books, use online resources and study there. Most are open from 8am to 8pm on weekdays, closed on Fridays and have variable hours on Saturdays, except for Qasr Al Watan which is open from 10am to 8pm every day.

• In order to borrow books, visitors must join the service by providing a passport photograph, Emirates ID and a refundable deposit of Dh400. Members can borrow five books for three weeks, all of which are renewable up to two times online.

• If users do not wish to pay the fee, they can still use the library’s electronic resources for free by simply registering on the website. Once registered, a username and password is provided, allowing remote access.

• For more information visit the library network's website.

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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.”

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COMPANY%20PROFILE
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The Great Derangement: Climate Change and the Unthinkable
Amitav Ghosh, University of Chicago Press

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UAE currency: the story behind the money in your pockets
Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

Brief scores:

Huesca 0

Real Madrid 1

Bale 8'

if you go

The flights Fly Dubai, Air Arabia, Emirates, Etihad, and Royal Jordanian all offer direct, three-and-a-half-hour flights from the UAE to the Jordanian capital Amman. Alternatively, from June Fly Dubai will offer a new direct service from Dubai to Aqaba in the south of the country. See the airlines’ respective sites for varying prices or search on reliable price-comparison site Skyscanner.

The trip 

Jamie Lafferty was a guest of the Jordan Tourist Board. For more information on adventure tourism in Jordan see Visit Jordan. A number of new and established tour companies offer the chance to go caving, rock-climbing, canyoning, and mountaineering in Jordan. Prices vary depending on how many activities you want to do and how many days you plan to stay in the country. Among the leaders are Terhaal, who offer a two-day canyoning trip from Dh845 per person. If you really want to push your limits, contact the Stronger Team. For a more trek-focused trip, KE Adventure offers an eight-day trip from Dh5,300 per person.

Best Academy: Ajax and Benfica

Best Agent: Jorge Mendes

Best Club : Liverpool   

 Best Coach: Jurgen Klopp (Liverpool)  

 Best Goalkeeper: Alisson Becker

 Best Men’s Player: Cristiano Ronaldo

 Best Partnership of the Year Award by SportBusiness: Manchester City and SAP

 Best Referee: Stephanie Frappart

Best Revelation Player: Joao Felix (Atletico Madrid and Portugal)

Best Sporting Director: Andrea Berta (Atletico Madrid)

Best Women's Player:  Lucy Bronze

Best Young Arab Player: Achraf Hakimi

 Kooora – Best Arab Club: Al Hilal (Saudi Arabia)

 Kooora – Best Arab Player: Abderrazak Hamdallah (Al-Nassr FC, Saudi Arabia)

 Player Career Award: Miralem Pjanic and Ryan Giggs

The more serious side of specialty coffee

While the taste of beans and freshness of roast is paramount to the specialty coffee scene, so is sustainability and workers’ rights.

The bulk of genuine specialty coffee companies aim to improve on these elements in every stage of production via direct relationships with farmers. For instance, Mokha 1450 on Al Wasl Road strives to work predominantly with women-owned and -operated coffee organisations, including female farmers in the Sabree mountains of Yemen.

Because, as the boutique’s owner, Garfield Kerr, points out: “women represent over 90 per cent of the coffee value chain, but are woefully underrepresented in less than 10 per cent of ownership and management throughout the global coffee industry.”

One of the UAE’s largest suppliers of green (meaning not-yet-roasted) beans, Raw Coffee, is a founding member of the Partnership of Gender Equity, which aims to empower female coffee farmers and harvesters.

Also, globally, many companies have found the perfect way to recycle old coffee grounds: they create the perfect fertile soil in which to grow mushrooms. 

In numbers: China in Dubai

The number of Chinese people living in Dubai: An estimated 200,000

Number of Chinese people in International City: Almost 50,000

Daily visitors to Dragon Mart in 2018/19: 120,000

Daily visitors to Dragon Mart in 2010: 20,000

Percentage increase in visitors in eight years: 500 per cent

Takreem Awards winners 2021

Corporate Leadership: Carl Bistany (Lebanon)

Cultural Excellence: Hoor Al Qasimi (UAE)

Environmental Development and Sustainability: Bkerzay (Lebanon)

Environmental Development and Sustainability: Raya Ani (Iraq)

Humanitarian and Civic Services: Women’s Programs Association (Lebanon)

Humanitarian and Civic Services: Osamah Al Thini (Libya)

Excellence in Education: World Innovation Summit for Education (WISE) (Qatar)

Outstanding Arab Woman: Balghis Badri (Sudan)

Scientific and Technological Achievement: Mohamed Slim Alouini (KSA)

Young Entrepreneur: Omar Itani (Lebanon)

Lifetime Achievement: Suad Al Amiry (Palestine)

RUGBY CHAMPIONSHIP FIXTURES

September 30
South Africa v Australia
Argentina v New Zealand

October 7
South Africa v New Zealand
Argentina v Australia