An American show of force in Israel



As the US president Barack Obama sent leading administration officials to Israel in an effort to breath life into a stagnant peace process while also addressing security concerns that focus on Iran's nuclear programme, the Israeli prime minister Benjamin Netanyahu said he regarded the visit as routine and not an indication of a rift between the two allies. Special envoy George Mitchell arrived in Tel Aviv on Sunday and Defense Secretary Robert Gates led a separate US delegation arriving on Monday. A third American team visiting Israel is being led by Mr Obama's national security adviser, Gen James L Jones. On his way to Israel, Mr Mitchell stopped for talks in Damascus. "Following a meeting yesterday with Bashar Assad, the Syrian president, Mr Mitchell also said renewing talks between Israel and Syria was a 'near-term' goal for Washington, and added: 'I told President Assad that President [Barack] Obama is determined to facilitate a truly comprehensive Arab-Israeli peace. That peace means between Palestinians and Israelis, between Syria and Israel and between Lebanon and Israel. And of course, ultimately, the full normalisation of relations between Israel and all of the countries in the region,' Vita Bekker reported for The National. "Mr Mitchell is the first in a parade of high-profile US officials arriving in Israel this week in what appears to be a co-ordinated effort by Washington to ease growing tensions with its ally on the settlements issue and on the approach to Iran's nuclear programme. While Israel has threatened to carry out a military strike against Iran's nuclear facilities, the Obama administration wants more time to see if its offer of engagement to Tehran bears fruit." The Jerusalem Post said: "At the opening of the weekly cabinet meeting Sunday, Prime Minister Benjamin Netanyahu commented on the upcoming arrival of Mitchell and three very senior US foreign policy and security figures being dispatched to Israel, saying the visit was routine and not indicative of a rift in the relations between the two countries. " 'These visits are being held as part of the diverse relationship between Israel and the US, a relationship that existed in the past and continues to exist today,' Netanyahu said. " 'Naturally, even within the fabric of friendly relations between allies there are points over which there is not full agreement,' the prime minister continued. 'We are trying to arrive at an agreement so that we can promote our objectives: peace, security and prosperity for the entire Middle East.' "However, both Jerusalem and Washington have lowered expectations for any major breakthrough on the settlement construction issue, despite the upcoming visit to Israel of the administration's Middle East 'A-Team'." Turkey's Today's Zaman reported: "Syria has said it is willing to resume the Turkish-mediated talks if they focus on a complete Israeli withdrawal from the Golan Heights, captured in 1967. But Israeli Prime Minister Benjamin Netanyahu has said he is not willing to cede the territory Syria wants. Recent news reports in Israeli media also suggested that Netanyahu did not want Erdogan's mediation due to his stance against Israel displayed shortly after the Gaza offensive, which killed more than 1,000 Palestinians and has strained relations between Israel and Turkey. But in a statement later in the day, the Israeli Prime Ministry suggested the Israeli government was open to Turkish mediation, saying Turkey was a 'legal channel' for talks with Syria. "In January an angry Erdogan stormed out of a debate at the World Economic Forum in Davos, Switzerland, on the Gaza conflict that included Israeli President Shimon Peres. "Sami Moubayed, a prominent expert on Syrian-Israeli relations, speaking with Today's Zaman, meanwhile, warned that the agenda of the Erdogan-Assad talks would not be limited to the issue of Israel-Syria talks due to improved bilateral relations between Ankara and Damascus. " 'I would not jump to conclusions on the "relaunch of the Israeli-Syrian indirect talks." I don't think the Israelis are ready, or willing, and that is clear from what we hear daily from Israeli officials,' Moubayed, the editor-in-chief of the Syria-based Forward Magazine, told Today's Zaman. " 'There are attempts at pumping life into these talks, but I think that after what happened in Gaza, and because the Israeli elections brought hardliners like Netanyahu to power, bilateral talks, be they direct or indirect, will not happen anytime soon,' Moubayed added." Reuters said: "Benny Begin, a Netanyahu confidant, suggested Turkey's fierce criticism of the Israeli Gaza offensive had damaged Ankara's role as a neutral negotiator and said any negotiations for a peace agreement would have to be conducted directly between Syria and Israel without a negotiator. " 'If this is what they want and how they continue it will be hard to view them as a means for mediating or for conveying messages between us and Syria,' Begin, minister without portfolio, told Israel Radio. " 'The Syrians are posing preconditions, ie saying what the outcome should be from the outset, which of course is unreasonable.' "Syria is seeking the return of the Golan Heights, captured by Israel in the 1967 Middle East War. Israel wants a peace deal including diplomatic recognition by Syria and other political concessions." In an interview with Haaretz earlier this month, Uzi Arad, Mr Netanyahu's national security adviser ruled out the possibility that Israel would return all of the Golan Heights, saying: "if there is a territorial compromise, it is one that still leaves Israel on the Golan Heights and deep into the Golan Heights." Mr Arad asserted that Israel would not relinquish all of the occupied territory for "strategic, military and land-settlement reasons. Needs of water, wine and view." As in the eyes of many Israelis, Mr Obama is now seen as an enemy of the Jewish state, Zvi Bar'el, writing in Haaretz, pointed out that the US president is currently doing nothing more than pushing for the implementation of long-standing policies. "Obama did not invent a new American policy. The United States has long held that the settlements are illegal; the same is true for the status of East Jerusalem and the Golan Heights. The Americans are sticking to the same road map drawn up seven years ago, it's just that Israel apparently didn't notice that the Palestinians have fulfilled the first article in the document almost completely. Military action against Israel has stopped, even from the Gaza Strip, and an increasingly effective Palestinian force in the West Bank is taking action against terror organisations. Israel, in contrast, has not met its road map obligations and continues to argue over the terms of the agreement - as if it never adopted it. Nor can Israel rely on its demand that the Arab states normalise relations with Jerusalem: The obligation of normalisation is conditioned on Israel's withdrawal from all occupied territory. "There is one thing, however, that the United States has changed: its diplomatic behaviour, and its tone. But it is truly difficult to complain about someone no longer willing to stand for the verbal contortions and the lies that Israel has been feeding Washington."

pwoodward@thenational.ae

Motori Profile

Date started: March 2020

Co-founder/CEO: Ahmed Eissa

Based: UAE, Abu Dhabi

Sector: Insurance Sector

Size: 50 full-time employees (Inside and Outside UAE)

Stage: Seed stage and seeking Series A round of financing 

Investors: Safe City Group

NO OTHER LAND

Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal

Stars: Basel Adra, Yuval Abraham

Rating: 3.5/5

How to report a beggar

Abu Dhabi – Call 999 or 8002626 (Aman Service)

Dubai – Call 800243

Sharjah – Call 065632222

Ras Al Khaimah - Call 072053372

Ajman – Call 067401616

Umm Al Quwain – Call 999

Fujairah - Call 092051100 or 092224411

How much sugar is in chocolate Easter eggs?
  • The 169g Crunchie egg has 15.9g of sugar per 25g serving, working out at around 107g of sugar per egg
  • The 190g Maltesers Teasers egg contains 58g of sugar per 100g for the egg and 19.6g of sugar in each of the two Teasers bars that come with it
  • The 188g Smarties egg has 113g of sugar per egg and 22.8g in the tube of Smarties it contains
  • The Milky Bar white chocolate Egg Hunt Pack contains eight eggs at 7.7g of sugar per egg
  • The Cadbury Creme Egg contains 26g of sugar per 40g egg
The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

SPECS
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%206-cylinder%203-litre%2C%20with%20petrol%20and%20diesel%20variants%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E8-speed%20automatic%3Cbr%3E%3Cstrong%3EPower%3A%3C%2Fstrong%3E%20286hp%20(petrol)%2C%20249hp%20(diesel)%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E450Nm%20(petrol)%2C%20550Nm%20(diesel)%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EStarting%20at%20%2469%2C800%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%3C%2Fp%3E%0A
Arabian Gulf Cup FINAL

Al Nasr 2

(Negredo 1, Tozo 50)

Shabab Al Ahli 1

(Jaber 13)

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 

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.”

RESULT

Fifth ODI, at Headingley

England 351/9
Pakistan 297
England win by 54 runs (win series 4-0)

The specs

Engine: 5.2-litre twin-turbo V12

Transmission: eight-speed automatic

Power: 715bhp

Torque: 900Nm

Price: Dh1,289,376

On sale: now

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
Electric scooters: some rules to remember
  • Riders must be 14-years-old or over
  • Wear a protective helmet
  • Park the electric scooter in designated parking lots (if any)
  • Do not leave electric scooter in locations that obstruct traffic or pedestrians
  • Solo riders only, no passengers allowed
  • Do not drive outside designated lanes
Know before you go
  • Jebel Akhdar is a two-hour drive from Muscat airport or a six-hour drive from Dubai. It’s impossible to visit by car unless you have a 4x4. Phone ahead to the hotel to arrange a transfer.
  • If you’re driving, make sure your insurance covers Oman.
  • By air: Budget airlines Air Arabia, Flydubai and SalamAir offer direct routes to Muscat from the UAE.
  • Tourists from the Emirates (UAE nationals not included) must apply for an Omani visa online before arrival at evisa.rop.gov.om. The process typically takes several days.
  • Flash floods are probable due to the terrain and a lack of drainage. Always check the weather before venturing into any canyons or other remote areas and identify a plan of escape that includes high ground, shelter and parking where your car won’t be overtaken by sudden downpours.

 

The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

The specs

Engine: 3.9-litre twin-turbo V8

Transmission: seven-speed

Power: 720hp

Torque: 770Nm

Price: Dh1,100,000

On sale: now