At least three-quarters of the more than 1,700 Palestinians killed so far in the Israeli incursion have been non-combatants. Lior Mizrahi / Getty Images
At least three-quarters of the more than 1,700 Palestinians killed so far in the Israeli incursion have been non-combatants. Lior Mizrahi / Getty Images

How a ‘kidnapped’ soldier illustrates Israel’s deception



A single incident at the weekend – the reported capture by Hamas on Friday of an Israeli soldier through a tunnel – illustrated in stark fashion the layers of deception Israel has successfully cast over its attack on Gaza.

Yesterday, as the army indicated it would start limited withdrawals, Israel suggested Hadar Goldin was dead, possibly buried in a collapsed tunnel as Israel bombarded the area in which he was seized. His family said he was being left behind.

Israeli officials and media did not view Hamas’s operation dispassionately. Goldin was not “captured” but “kidnapped” – as though he was an innocent seized by opportunistic criminals.

Astoundingly, many western journalists followed Israel’s lead. The Times of London’s front page blared: “Kidnapped in Gaza”, while the Boston Globe called him the “abducted Israeli soldier”.

From western reactions, it was also clear the soldier’s capture was considered more significant news than any of the massacres of Palestinian civilians over the past weeks.

Israel’s cynical calculus – that one soldier is more valuable than large numbers of dead Palestinian civilians – was echoed in the diplomatic and editorial corridors of Washington, London and Paris.

Misleading too was the theme that, in attacking soldiers and seizing Goldin, Hamas had violated a 72-hour humanitarian ceasefire.

CBS reporter Charlie D’Agata was among those who, in parroting Israeli briefings, inadvertently exposed the deceit. The soldier was “suspected of being kidnapped during an operation to clear tunnels – crucially, [officials] say, this happened after the ceasefire was supposed to take place”.

So if a ceasefire was in place, what were Goldin and his comrades doing detonating the tunnels in which Israel says Hamas is hiding? Were Hamas fighters supposed to simply wait to be entombed during the pause in hostilities? Or was Israel the one violating the ceasefire?

And then there was the explosion of military fury as Israel realised its soldier was missing. Israeli correspondents suggested the notorious “Hannibal procedure” had been invoked: the use of all means to stop a soldier being taken alive, including killing him. The rationale is to prevent the enemy gaining a psychological advantage in negotiations.

The unleashing of massive firepower appeared designed to ensure Goldin and his captors never made it out of their tunnel, but in the process dozens of Palestinians died.

It was another illustration of Israel’s absolute disregard for the safety of civilians. At least three-quarters of the more than 1,700 Palestinians killed so far have been non-combatants, while almost all Israeli casualties have been soldiers. Another UN school was hit yesterday, killing at least 10 Palestinians seeking refuge from Israeli air strikes.

Israel’s official justifications for taking the fight into Gaza have been layered with deceit too. Prime minister Benjamin Netanyahu has argued that Israel was dragged into a war of necessity. US president Barack Obama echoed him: Israel had a right to defend itself from rocket fire out of Gaza. Later, the pretext would become Israel’s need to destroy the “terror tunnels”.

The logic was deeply flawed. Israel is occupying and besieging Gaza, conferring on its inhabitants a right under international law to fight for their freedom. How does the oppressor, the lawbreaker have a right to self-defence? If Israel objects to being scratched and bruised, it should stop choking its victim.

Equally significantly, Israel has obscured the truth that it picked this particular round of its ongoing confrontation with Hamas – and did so entirely cynically.

A BBC reporter recently confirmed with an Israeli police spokesman that the group behind the abduction in June of three Israeli teenagers in the West Bank – the trigger for an Israeli campaign against Hamas – was a lone cell.

Claiming precisely the opposite – that he had cast-iron proof Hamas was responsible – Mr Netanyahu gave the army free rein to arrest hundreds of Hamas members and smash the organisation’s institutions in the West Bank.

The crackdown created the necessary provocation: Hamas allowed its Gaza factions to start firing limited numbers of rockets. Analyst Nathan Thrall notes that Hamas had impressed the Israeli army until that point by enforcing the ceasefire agreed 18 months earlier, even though Israel violated the terms by maintaining Gaza’s siege. Now the rockets gave Mr Netanyahu an excuse to strike.

So what was Mr Netanyahu’s real reason for going into Gaza? What were these many deceptions designed to hide?

It seems he wanted to end a strategic threat: not Hamas rockets or tunnels, but the establishment of a unity government between Hamas and its long-time rivals Fatah.

But Hamas’s unexpectedly impressive martial display against Israel – killing dozens of soldiers, firing long-range rockets into Israel and briefly closing the airport – may have changed the calculus again.

Now, Mr Netanyahu may need Palestinian unity, at least on his terms, to undermine Hamas’s gains.

As Israel began its attack on Gaza, Mr Netanyahu warned there could never be "any agreement in which we relinquish security control" of the West Bank. He was ruling out any hope of Palestinian statehood. A "demilitarised" entity, heavily circumscribed and absolutely dependent on Israel and the US, seems to be all that is on the table.

Allowing Palestinian leader Mahmoud Abbas and Fatah into Gaza could justify loosening the siege. But only as long as Mr Abbas agrees to remove Hamas’s military infrastructure and export to the coastal enclave the model he has established in the West Bank – of endless accommodation to Israeli and US dictates.

Jonathan Cook is an independent journalist based in Nazareth

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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.”

The Bio

Favourite vegetable: “I really like the taste of the beetroot, the potatoes and the eggplant we are producing.”

Holiday destination: “I like Paris very much, it’s a city very close to my heart.”

Book: “Das Kapital, by Karl Marx. I am not a communist, but there are a lot of lessons for the capitalist system, if you let it get out of control, and humanity.”

Musician: “I like very much Fairuz, the Lebanese singer, and the other is Umm Kulthum. Fairuz is for listening to in the morning, Umm Kulthum for the night.”

The bio

Favourite book: The Alchemist by Paulo Coelho

Favourite travel destination: Maldives and south of France

Favourite pastime: Family and friends, meditation, discovering new cuisines

Favourite Movie: Joker (2019). I didn’t like it while I was watching it but then afterwards I loved it. I loved the psychology behind it.

Favourite Author: My father for sure

Favourite Artist: Damien Hurst

Skewed figures

In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458. 

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The nine articles of the 50-Year Charter

1. Dubai silk road

2.  A geo-economic map for Dubai

3. First virtual commercial city

4. A central education file for every citizen

5. A doctor to every citizen

6. Free economic and creative zones in universities

7. Self-sufficiency in Dubai homes

8. Co-operative companies in various sectors

­9: Annual growth in philanthropy

Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
'Nope'
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