FILE - In this Jan. 22, 2013 file photo, Israeli Prime Minister Benjamin Netanyahu, center, prays with his sons Yair, background, and Avner, right, at the Western Wall, the holiest site where Jews can pray, in Jerusalem's Old City.Netanyahu's 26-year-old son Yair has been saddled with the image of undeserved privilege since becoming an adult _ someone who hobnobs with world leaders, has received extravagant gifts from a billionaire and enjoys a state-funded driver and bodyguard. But recent crude behavior has now drawn public rebuke from a former Israeli leader's children, along with a defamation lawsuit threat, and has fueled criticism of the Netanyahu family's perceived sense of entitlement. (AP Photo/Uriel Sinai, Pool, File)
Israeli prime minister Benjamin Netanyahu, with his sons Yair, left, and Avner. Uriel Sinai / AP

The growing affinity between Netanyahu’s Israel and the West’s far-right is hardly surprising



The eldest son of Israeli prime minister Benjamin Netanyahu has found himself an unlikely poster boy for David Duke, a former Ku Klux Klan leader, and neo-Nazi website Daily Stormer.

Last week, these cheerleaders for Jewish hatred described 27-year-old Yair Netanyahu as “awesome” and “a total bro” for posting a grossly anti-Semitic image on social media.

It depicts an Illuminati-like figure and a reptilian creature controlling the world through money and dark arts. Alongside them are a cabal of conspirators, their faces altered to include Mr Netanyahu’s main opponents. They include George Soros, a Holocaust survivor who has invested billions in pro-democracy movements, and Ehud Barak, a former Israeli prime minister-turned-government critic.

This is not Yair's first troubling outburst. Last month, he decried demonstrators who opposed a rally by white supremacists in Charlottesville, Virginia, that left a woman dead.

These might be dismissed as the immature rantings of a wayward son had Yair not been groomed by his father as Israel’s “crown prince”. Netanyahu Jr was supposedly behind an online media strategy that steered Mr Netanyahu to electoral victory in 2015. He can be seen at his father’s side at meetings with world leaders.

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The Israeli media were shocked not only by the post but also by Mr Netanyahu's refusal to criticise his son. An editorial in Haaretz concluded that the prime minister's silence signalled his "consent to the ongoing demonisation of anyone who doesn't get in line with the Israeli right".

Yair’s choice of targets was revealing, particularly Mr Soros.

In July, Mr Netanyahu met his Hungarian counterpart Viktor Orban, an ultra-nationalist who has led a xenophobic campaign against immigrants. In a bid to crush opposition, the Orban government has vilified Mr Soros, an American-Hungarian who promotes progressive causes. A billboard campaign against the billionaire unleashed a wave of anti-Semitism across the country.

Mr Netanyahu ought to have rushed to Mr Soros’s defence. Instead, he echoed Mr Orban’s incitement. Mr Soros, he said, had “undermined” and “defamed” Israel too – by funding human rights groups opposed to the occupation.

Sympathy with the European and US far-right is not restricted to the Netanyahu camp. It is moving into the Israeli mainstream. Last week, the Herzliya Conference – an annual jamboree for Israel's security establishment – invited Sebastian Gorka as a keynote speaker.

Mr Gorka, another American-Hungarian and Mr Trump’s former terrorism adviser, is a figurehead of the alt-right, a term for US white supremacist groups. Mr Gorka told the conference that Israel and the US were “founding members of the Judeo-Christian civilisation” and would defeat their “common enemies”.

Meanwhile, another US alt-right leader, Richard Spencer, appeared on Israeli TV last month to call himself a “white Zionist”.

The affinity between Netanyahu’s Israel and the West’s far-right is understandable. Both detest a human rights discourse they have yet to crush. Both mobilise their supporters with dog-whistle Islamophobia. Both prefer militarised, fear-based societies and both share an obsession with Jew hatred.

Israel is so esteemed by white supremacists because it offers a double whammy of anti-Semitism. For decades, Israel has sought to persuade the West that it faces an endless war against Arab and Muslim “terror”, while simultaneously declaring itself the only true home for Jews. For an alt-right bristling with hatred for all Semites, this is manna from heaven. It, too, wants an apocalyptic battle against Islam, and it, too, is happy to see the West cleared of Jews by herding them into the Middle East.

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At first sight, that has created an ideological inconsistency on the Israeli right that Yair Netanyahu's meme highlights.

The Israeli prime minister has repeatedly called on all Jews to come to Israel, claiming it as the only safe haven from an immutable global anti-semitism. And yet, Mr Netanyahu is also introducing a political test before he opens the door.

Jews supporting a boycott of Israel are already barred. Now, liberal Jews and critics of the occupation like Mr Soros are increasingly not welcome either. Israel is rapidly redefining the extent of the sanctuary it offers – for Jewish supremacists only.

The paradox may turn out to be more apparent than real, however. For Mr Netanyahu may believe he has much to gain by abandoning liberal Jews to their fate, as the alt-right asserts its power in western capitals.

The “white Zionists” are committed to making life ever harder for minorities in the West in a bid to be rid of them. Sooner or later, on Mr Netanyahu’s logic, liberal Jews will face a reckoning. They will have to accept that Israel’s ultra-nationalists were right all along, and that Israel is their only sanctuary.

Guided by this cynical convergence of interests, Jewish and white supremacists are counting on a revival of anti-Semitism that will benefit them both.

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BACK TO ALEXANDRIA

Director: Tamer Ruggli

Starring: Nadine Labaki, Fanny Ardant

Rating: 3.5/5

What is graphene?

Graphene is a single layer of carbon atoms arranged like honeycomb.

It was discovered in 2004, when Russian-born Manchester scientists Andrei Geim and Kostya Novoselov were "playing about" with sticky tape and graphite - the material used as "lead" in pencils.

Placing the tape on the graphite and peeling it, they managed to rip off thin flakes of carbon. In the beginning they got flakes consisting of many layers of graphene. But as they repeated the process many times, the flakes got thinner.

By separating the graphite fragments repeatedly, they managed to create flakes that were just one atom thick. Their experiment had led to graphene being isolated for the very first time.

At the time, many believed it was impossible for such thin crystalline materials to be stable. But examined under a microscope, the material remained stable, and when tested was found to have incredible properties.

It is many times times stronger than steel, yet incredibly lightweight and flexible. It is electrically and thermally conductive but also transparent. The world's first 2D material, it is one million times thinner than the diameter of a single human hair.

But the 'sticky tape' method would not work on an industrial scale. Since then, scientists have been working on manufacturing graphene, to make use of its incredible properties.

In 2010, Geim and Novoselov were awarded the Nobel Prize for Physics. Their discovery meant physicists could study a new class of two-dimensional materials with unique properties. 

 

The specs

Engine: 2.0-litre 4-cylturbo

Transmission: seven-speed DSG automatic

Power: 242bhp

Torque: 370Nm

Price: Dh136,814

Nancy 9 (Hassa Beek)

Nancy Ajram

(In2Musica)

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.”

UAE currency: the story behind the money in your pockets
MATCH INFO

Fixture: Thailand v UAE, Tuesday, 4pm (UAE)

TV: Abu Dhabi Sports

Company Profile

Name: HyveGeo
Started: 2023
Founders: Abdulaziz bin Redha, Dr Samsurin Welch, Eva Morales and Dr Harjit Singh
Based: Cambridge and Dubai
Number of employees: 8
Industry: Sustainability & Environment
Funding: $200,000 plus undisclosed grant
Investors: Venture capital and government

Company Profile

Name: Direct Debit System
Started: Sept 2017
Based: UAE with a subsidiary in the UK
Industry: FinTech
Funding: Undisclosed
Investors: Elaine Jones
Number of employees: 8

COMPANY PROFILE

Name: Xpanceo

Started: 2018

Founders: Roman Axelrod, Valentyn Volkov

Based: Dubai, UAE

Industry: Smart contact lenses, augmented/virtual reality

Funding: $40 million

Investor: Opportunity Venture (Asia)

A QUIET PLACE

Starring: Lupita Nyong'o, Joseph Quinn, Djimon Hounsou

Director: Michael Sarnoski

Rating: 4/5

ROUTE TO TITLE

Round 1: Beat Leolia Jeanjean 6-1, 6-2
Round 2: Beat Naomi Osaka 7-6, 1-6, 7-5
Round 3: Beat Marie Bouzkova 6-4, 6-2
Round 4: Beat Anastasia Potapova 6-0, 6-0
Quarter-final: Beat Marketa Vondrousova 6-0, 6-2
Semi-final: Beat Coco Gauff 6-2, 6-4
Final: Beat Jasmine Paolini 6-2, 6-2

If you go

The flights

Etihad flies direct from Abu Dhabi to San Francisco from Dh5,760 return including taxes.

The car

Etihad Guest members get a 10 per cent worldwide discount when booking with Hertz, as well as earning miles on their rentals. A week's car hire costs from Dh1,500 including taxes.

The hotels

Along the route, Motel 6 (www.motel6.com) offers good value and comfort, with rooms from $55 (Dh202) per night including taxes. In Portland, the Jupiter Hotel (https://jupiterhotel.com/) has rooms from $165 (Dh606) per night including taxes. The Society Hotel https://thesocietyhotel.com/ has rooms from $130 (Dh478) per night including taxes.

More info

To keep up with constant developments in Portland, visit www.travelportland.com. Good guidebooks include the Lonely Planet guides to Northern California and Washington, Oregon & the Pacific Northwest.

The specs

Engine: 3.5-litre, twin-turbo V6
Transmission: 10-speed auto
Power: 410hp
Torque: 495Nm
Price: starts from Dh495,000 (Dh610,000 for the F-Sport launch edition tested)
On sale: now

DEADPOOL & WOLVERINE

Starring: Ryan Reynolds, Hugh Jackman, Emma Corrin

Director: Shawn Levy

Rating: 3/5

Fixtures

Sunday, December 8, Sharjah Cricket Stadium – UAE v USA

Monday, December 9, Sharjah Cricket Stadium – USA v Scotland

Wednesday, December 11, Sharjah Cricket Stadium – UAE v Scotland

Thursday, December 12, ICC Academy, Dubai – UAE v USA

Saturday, December 14, ICC Academy, Dubai – USA v Scotland

Sunday, December 15, ICC Academy, Dubai – UAE v Scotland

Note: All matches start at 10am, admission is free

War

Director: Siddharth Anand

Cast: Hrithik Roshan, Tiger Shroff, Ashutosh Rana, Vaani Kapoor

Rating: Two out of five stars