Every announcement of Israeli elections leads to copious analyses of how potential outcomes will affect the Palestinians and the “peace process”. The election announced last week is no different and the result will make no difference to the Palestinians.
They have cause to shudder with every election announcement, which brings tough talk and action in order to win votes. As Israel has shifted markedly to the right in recent years, more votes can be won this way.
It has reached a point where prime minister Benjamin Netanyahu, once regarded as among the most hawkish of his country’s politicians, now faces more criticism for being too soft than too hard.
That is not because he has had a crisis of conscience, but because Israel’s political mindset has become so extreme.
It says a lot that Tzipi Livni, a war crimes suspect, was regarded as a relative dove in Mr Netanyahu’s government until he fired her last week.
Opinion polls suggest that the next election, scheduled for March, will result in further significant gains by the nationalist and religious right, and that a coalition government could be formed entirely from within this camp.
However, the sinister portrayals of this outcome are based on the misguided notion that the Israeli left and centre have been better to the Palestinians.
Every Israeli government, without fail, has zealously entrenched the occupation and colonisation of Palestine and the oppression and dispossession of its people. All have been serial violators of international and human rights law.
One would expect a call to “break the bones” of Palestinian protesters to come from the far-right. However, this was an order to troops from Yitzhak Rabin, the hero of the Israeli peace camp, during the first Palestinian uprising.
Sadly, the Palestinian Authority, which has engaged in more than two decades of fruitless negotiations with successive Israeli governments, still propagates this false dichotomy.
If the upcoming elections “produce a radical, racist, right wing government, it will put an end once and for all to the possibility of a return to negotiations,” said Riad al-Malki, foreign affairs minister in the Palestinian National Authority.
But he should be aware of the intransigence of Israeli governments regardless of ideology.
The difference between right and left is over style, not substance. The former is unapologetically brash, speaking and acting while beating its chest.
The latter says what the international community wants to hear, behaves like the right when in power, only to rediscover its morality when in opposition. Given this duplicity, the left and centre are arguably more dangerous because they are given the benefit of the doubt. The violation of Palestinian rights is systemic, and its myriad manifestations have been a feature of every Israeli government.
For example, the barrier snaking through the West Bank was implemented by right wing prime minister Ariel Sharon, but proposed by his left wing predecessors Ehud Barak and Shimon Peres.
The right is regarded as the champion of settlers’ interests, but settlement expansion has continued unabated under every government.
Amid current unrest in East Jerusalem, right wing politicians are seen as the cheerleaders for keeping it part of Israel’s united capital, but this is also an established view among their ideological opponents.
Both Ms Livni and Yair Lapid, a centrist who was also fired by Mr Netanyahu last week for being overly critical, subscribe to this view.
The likely make-up of the next parliament looks set to guarantee the passing of a bill defining Israel as the nation state of the Jewish people.
Its critics say this will undermine the status of Israeli Palestinians, as if they have not always been second-class citizens.
No Arab political party has ever been included in any Israeli governing coalition. Such is the taboo that opponents of the right refuse to consider including Arab parties even if just to thwart right wing ambitions.
Given Israel’s endemic discrimination against its Palestinian citizens since its founding, political opposition to the nation-state bill is cosmetic, borne out of the desire to avoid bad PR internationally.
The symbiosis between left and right gives the false impression that Israel has distinctly divergent views regarding the Palestinians.
When one camp protests against the actions and statements of the other, the government can claim that it is making tough choices, and that whatever Israel does comes out of well-intentioned debate and painful compromises.
This is reminiscent of a South Park episode about the invasion of Iraq, where Benjamin Franklin, one of the founding fathers of the US, resolves domestic differences over the country’s need to look strong yet not seem a warmonger.
“Saying one thing and doing another” is the way to do it, he said, suggesting the solution was to wage war but allow protests.
For Palestinians, Israeli elections do not constitute a choice between further imprisonment and a just freedom – they herald only a change in prison guard, at least for as long as the world fails to realise this.
Sharif Nashashibi is a journalist and analyst on Arab affairs
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A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
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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.”
Sinopharm vaccine explained
The Sinopharm vaccine was created using techniques that have been around for decades.
“This is an inactivated vaccine. Simply what it means is that the virus is taken, cultured and inactivated," said Dr Nawal Al Kaabi, chair of the UAE's National Covid-19 Clinical Management Committee.
"What is left is a skeleton of the virus so it looks like a virus, but it is not live."
This is then injected into the body.
"The body will recognise it and form antibodies but because it is inactive, we will need more than one dose. The body will not develop immunity with one dose," she said.
"You have to be exposed more than one time to what we call the antigen."
The vaccine should offer protection for at least months, but no one knows how long beyond that.
Dr Al Kaabi said early vaccine volunteers in China were given shots last spring and still have antibodies today.
“Since it is inactivated, it will not last forever," she said.