As Israel and the Palestinian Authority prepare to resume indirect talks, through American mediation, some are insisting that the Islamist movement Hamas must be brought into the process. Hamas, the argument goes, is capable of obstructing progress in negotiations, so that only by engaging the group can the United States and the international community avoid such an outcome. The rationale is naive.
It is naive, above all, because it overlooks the extent to which Hamas has undermined the core principle guiding the regional strategy of the Palestinians until the death of Yasser Arafat. Under its late leader, the Palestinian Liberation Organisation defended what was known as the "independent Palestinian decision", which meant ensuring the Palestinian cause would not fall under the control of individual Arab regimes. Among Mr Arafat's bitterest rivals was Syria's President Hafez al Assad, who repeatedly sought, and failed, to bring the PLO under Syrian authority.
Hamas has been far less successful than Mr Arafat in exploiting Arab contradictions. Where the one-time PLO chairman was able during the 1970s to play Arab regimes off against one another, and even blackmail states for concessions, Hamas evolved in a very different environment. The movement opposed the Oslo process during the 1990s, and when it failed and Israel reoccupied the West Bank in 2002, Hamas was able to take advantage of the renewed tension, and the growing discredit of Mr Arafat and his Fatah movement, to gain politically in Palestinian areas.
Hamas reinforced its ties with Syria and Iran, two regional actors sharing its antipathy for the Palestinian Authority, later led by Mahmoud Abbas. Both Damascus and Tehran viewed Hamas as a useful tool to advance their agendas - the Iranians, to block any breakthrough on the Palestinian-Israeli front, the Syrians to use such obstacles as leverage in their own track with Israel. Hamas, needing allies against Mr Abbas and Fatah, went along with this. It also benefited from Iranian funding and arms, while its effective leader, Khaled Meshaal, who heads the movement's political bureau, made Damascus his headquarters in 2001.
The price was a substantial diminution in the independence of Palestinian decision-making. The impact on Palestinians was exacerbated when Hamas won a majority in the 2006 legislative elections. While Mr Abbas has been accused by his detractors, with some justification, of having lost the regional and international margin of manoeuvre Mr Arafat managed to retain, the damage wrought by Hamas has been even worse. Today the movement is highly dependent on Syria and Iran, whose calculations (along with Israeli intransigence) can only inhibit the emergence of an independent Palestinian state; it also offers no programme, beyond a long-term truce with Israel or war, that can appeal to Palestinians.
Hamas' victory mainly resulted from Fatah's incompetence, rather than any widespread embrace of the movement's policies. And the reality is that Hamas is weakening today. Initiating a dialogue would not only decisively undercut Mr Abbas, it would do so at a time when the Islamist movement desperately needs a success to overcome its political setbacks.
Several developments have been in Hamas' disfavour in the past year and a half. The movement's close co-ordination with Syria and Iran has continued to provoke Palestinian unease, all the more so when this contributed to the Gaza war of December 2008-January 2009. Hamas broke the truce then in place with Israel, with Syrian and Iranian encouragement. This infuriated Egypt, which was then trying to negotiate a truce extension, leading to a falling-out between Cairo and Damascus.
For Gazans, the war was an unmitigated disaster. Israel continues to impose a blockade on the strip, hampering reconstruction, while Egypt is working to seal its own border with Gaza. Hamas provoked an unnecessary conflict, one whose aftershocks it was ill-prepared to absorb, even as it alienated the one Arab state, Egypt, controlling access to the territory. The Egyptian government regards Hamas' collaboration with Iran and Hizbollah, particularly the latter's arms smuggling networks into Gaza, as a domestic security threat. This only reminds Palestinians how deeply ensnared they are in regional rivalries beyond their control.
Meanwhile, the much-maligned Palestinian Authority is moving ahead with an institution-building project under its prime minister Salam Fayyad. The West Bank is more stable than it has been in years. Israel is not helping Mr Abbas, and seems little interested in a genuine settlement. However, that does not necessarily make the Hamas option more palatable to Palestinians. A long-term truce is effectively in place, and it is Mr Fayyad who is making the most of it, while Palestinians have no stomach for a new armed struggle, Hamas' default scheme if all else fails.
Islamist parties have lost momentum throughout the Middle East in recent years. Despite their many differences, all have one problem in common: they offer no persuasive vision for nation-building. In Iraq's elections last weekend, religious parties lost ground to broad-based "nationalist" lists. In Egypt, the Muslim Brotherhood is divided over how to deal with the state. Hamas has failed in its bid at governing, and its crushing of Fatah in Gaza in 2007 created many enemies. Even Hizbollah, arguably the most successful of the Islamist groups, has dangerously antagonised Lebanon's Sunnis in recent years, while all it offers to the Lebanese is a prospect of incessant conflict with Israel.
Handing Hamas a lifeline now is a terrible idea. It would only increase Syrian and Iranian control over the Palestinians at a time when Mr Fayyad is strengthening autonomous state institutions. It would also indicate that Hamas has succeeded, when the movement has, in fact, systematically undercut Palestinian interests. Hamas may eventually have to be brought into peace talks, assuming that Israel ever makes serious territorial concessions. But that should happen only when the movement's power is greatly diminished, not a moment sooner.
Michael Young is opinion editor of the Daily Star newspaper in Beirut
MATCH INFO
Qalandars 109-3 (10ovs)
Salt 30, Malan 24, Trego 23, Jayasuriya 2-14
Bangla Tigers (9.4ovs)
Fletcher 52, Rossouw 31
Bangla Tigers win by six wickets
Europe’s rearming plan
- Suspend strict budget rules to allow member countries to step up defence spending
- Create new "instrument" providing €150 billion of loans to member countries for defence investment
- Use the existing EU budget to direct more funds towards defence-related investment
- Engage the bloc's European Investment Bank to drop limits on lending to defence firms
- Create a savings and investments union to help companies access capital
Champions parade (UAE timings)
7pm Gates open
8pm Deansgate stage showing starts
9pm Parade starts at Manchester Cathedral
9.45pm Parade ends at Peter Street
10pm City players on stage
11pm event ends
Our House, Louise Candlish,
Simon & Schuster
SPEC%20SHEET%3A%20SAMSUNG%20GALAXY%20Z%20FOLD%204
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Brolliology: A History of the Umbrella in Life and Literature
By Marion Rankine
Melville House
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
MATCH INFO
Azerbaijan 0
Wales 2 (Moore 10', Wilson 34')
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.”
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
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