It's difficult to imagine that Adolf Hitler would have welcomed Israeli prime minister Benjamin Netanyahu's recent statements about the Holocaust, noted the Lebanese writer Diana Moqalled in the pan-Arab daily Asharq Al Awsat.
Demonstrating a “cheap imagination overflowing with hostility towards Palestinians”, Mr Netanyahu had decided to change historical fact, she argued. The Israeli prime minister has suggested that Adolf Hitler only wanted to expel Europe’s Jews during the Second World War but it was the Mufti of Jerusalem who persuaded him to begin the Holocaust.
The writer noted that Mr Netanyahu’s claims had given rise to a different type of confrontation, and that the derision and ridicule they elicited “united fronts in some ways”.
The bulk of ridicule over the Israeli prime minister’s statements came from Israelis themselves. Even historical allies of Israel couldn’t assimilate Mr Netanyahu’s comments despite their own hostility towards Palestinians, Moqalled wrote.
The German government denied the allegations, saying that responsibility for the Holocaust lay solely with the Germans of the time.
“We know the responsibility for this crime against humanity is German and very much our own,” a spokesman for chancellor Angela Merkel said.
A Twitter hashtag “Mufti made me do it” soon caught on, launching a widespread wave of derision over the issue.
“Ridiculing Netanyahu and exposing him on social media is necessary,” the writer noted, even though it “might not change anything on the ground or in the favour of Palestinians”.
The writer said that this was not the first time an Israeli official had used the Holocaust as a political tool to undermine the credibility and rights of Palestinians, but the scorn was necessary to invalidate Mr Netanyahu’s “condescending rationale”.
Moqalled said that one response from the Palestinian side had been in the form of exaggerated praise for the Grand Mufti of Jerusalem.
However, she pointed out that the mufti was an extremist figure who was on the Nazi payroll during the Second World War, and that his actions had reflected negatively on Palestinians at the time.
She also said that there had been no shortage of “trials” on social media in recent days.
There was an increasing tendency within the Israeli far right to demonise Palestinians even at the expense of their main cause.
On the other hand, there had been a renewal of an Arab and Palestinian tendency to either undermine or glorify the Holocaust.
“Netanyahu attempted to harm Palestinians by fabricating allegations against the mufti. But for Palestinians to defend the mufti’s alleged patriotism is in itself also harmful to the Palestinian cause,” Moqalled concluded.
For his part, Dr Ahmed Yussuf Ahmed, a contributing columnist with The National's Arabic sister paper, Al Ittihad, noted that Mr Netanyahu's remarks, as ridiculous and politically and ethically incriminating as they were, were no longer the issue.
The real issue was that a national leader could be so intellectually and ethically wrong and still enjoy such a level of power.
Ahmed said this was evidence that proved the racist nature of Israel, “which has wreaked havoc on Palestinians ever since it was established”.
He said Mr Netanyahu had exposed himself as a racist and ignorant leader when he “fabricated an impossible lie”.
* Racha Makarem
rmakarem@thenational.ae
Match info
Liverpool 3
Hoedt (10' og), Matip (21'), Salah (45 3')
Southampton 0
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UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
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MATCH INFO
Manchester City 1 (Gundogan 56')
Shakhtar Donetsk 1 (Solomon 69')
TERMINAL HIGH ALTITUDE AREA DEFENCE (THAAD)
What is THAAD?
It is considered to be the US's most superior missile defence system.
Production:
It was created in 2008.
Speed:
THAAD missiles can travel at over Mach 8, so fast that it is hypersonic.
Abilities:
THAAD is designed to take out ballistic missiles as they are on their downward trajectory towards their target, otherwise known as the "terminal phase".
Purpose:
To protect high-value strategic sites, such as airfields or population centres.
Range:
THAAD can target projectiles inside and outside the Earth's atmosphere, at an altitude of 150 kilometres above the Earth's surface.
Creators:
Lockheed Martin was originally granted the contract to develop the system in 1992. Defence company Raytheon sub-contracts to develop other major parts of the system, such as ground-based radar.
UAE and THAAD:
In 2011, the UAE became the first country outside of the US to buy two THAAD missile defence systems. It then stationed them in 2016, becoming the first Gulf country to do so.
A State of Passion
Directors: Carol Mansour and Muna Khalidi
Stars: Dr Ghassan Abu-Sittah
Rating: 4/5
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COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
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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.”