Police on Thursday cordoned off the Beth Zion synagogue in Berlin where a commemoration service was taking place. Reuters
Police on Thursday cordoned off the Beth Zion synagogue in Berlin where a commemoration service was taking place. Reuters
Police on Thursday cordoned off the Beth Zion synagogue in Berlin where a commemoration service was taking place. Reuters
Police on Thursday cordoned off the Beth Zion synagogue in Berlin where a commemoration service was taking place. Reuters

Germany marks Kristallnacht 'day of fate' in shadow of Gaza tensions


Tim Stickings
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Germany vowed on Thursday to tackle an eruption of anti-Semitism linked to the war in Gaza, as it marked an eventful date in its history known among other things for a night of anti-Jewish terror in 1938.

November 9 is also the anniversary of the fall of the Berlin Wall in 1989, the failure of Adolf Hitler's 1923 putsch, the end of the German monarchy in 1918 and other significant events.

But Kristallnacht – a night of Nazi violence on November 9, 1938 that foreshadowed the Holocaust – was uppermost in Germany's mind on Thursday with tensions high as a result of the Israel-Gaza war.

Police cordoned off a synagogue in Berlin where a remembrance service was taking place on Thursday. Foreign Minister Annalena Baerbock laid flowers at the Holocaust memorial commemorating Germany's darkest hour.

In parliament, Israel's ambassador Ron Prosor and Holocaust survivor Margot Friedlander, 102, were among the guests in the public gallery at a debate on protecting Jewish life.

Interior Minister Nancy Faeser told MPs that further bans on hardline groups were on the way after Germany moved to ban Hamas activities and dissolve a pro-Palestinian group called Samidoun.

Invoking a post-war German motto, she said: "Never again, ladies and gentlemen, is now."

Jewish homes, shops and synagogues were looted in a wave of Nazi terror that began on November 9, 1938. AP
Jewish homes, shops and synagogues were looted in a wave of Nazi terror that began on November 9, 1938. AP

"If Jewish children are scared to go to kindergarten or school, if we need stricter security measures to protect them from attacks on the way to their lessons, that makes me ashamed and breaks my heart," Ms Faeser said.

"2023 is not 1938. We all stand by the side of those who are affected by anti-Semitism, hate propaganda and violence. Today, Jews who are attacked can count on the help of the state they live in."

In a spate of anti-Semitic incidents, the Star of David has been daubed on buildings, Israeli flags were burnt, a Jewish hospital had a window smashed and Molotov cocktails were thrown at a synagogue in Berlin.

The unrest has unnerved Germany as it marks 85 years since Jewish shops, homes and synagogues were attacked and families rounded up and deported by Nazi secret police on Kristallnacht (the Night of Broken Glass). Many were taken to concentration camps, where Holocaust atrocities ensured millions of them did not return.

German Foreign Minister Annalena Baerbock laid flowers at the Holocaust memorial in Berlin on Thursday. AP
German Foreign Minister Annalena Baerbock laid flowers at the Holocaust memorial in Berlin on Thursday. AP

Chancellor Olaf Scholz on Thursday laid a tribute at a memorial to a Jewish couple who became friends with Anne Frank's family in hiding.

He also recalled Hitler's first attempt to seize power 100 years ago exactly, which ended in failure in Munich on the morning of November 9, 1923.

"We need to protect and defend our democracy against all those who want to undermine it," Mr Scholz said. "That is true for all of us and especially in these times."

Norwegian royals were among the guests at a separate commemoration marking the night the Berlin Wall was opened 34 years ago, thanks to a bungled announcement by an East German official.

November 9 marks a series of momentous events in German history including the opening of the Berlin Wall in 1989. AFP
November 9 marks a series of momentous events in German history including the opening of the Berlin Wall in 1989. AFP

Thursday is also 105 years since Kaiser Wilhelm II abdicated at the end of the First World War, marking the end of imperial Germany. In 1848, a leading revolutionary was executed on November 9 after a failed uprising.

The date is often referred to as a "day of fate" due to this series of momentous events, although President Frank-Walter Steinmeier has said he dislikes the term because human rather than supernatural forces were at work.

Mr Steinmeier convened Jewish and Muslim leaders at the presidential palace on Wednesday as he made a plea for harmony during the Israel-Gaza conflict.

Addressing people with Arab and Palestinian roots, he told them to "speak up for yourselves" and not to "let yourselves become stooges for Hamas".

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  • Dress appropriately: Wear lightweight, loose and light-coloured clothing to facilitate heat loss.
  • Check on vulnerable people: Regularly check in on elderly neighbours, young children and those with health conditions.
  • Home adaptations: Use blinds or curtains to block sunlight, avoid using ovens or stoves, and ventilate living spaces during cooler hours.
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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.”

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UAE rugby season

FIXTURES

West Asia Premiership

Dubai Hurricanes v Dubai Knights Eagles

Dubai Tigers v Bahrain

Jebel Ali Dragons v Abu Dhabi Harlequins

UAE Division 1

Dubai Sharks v Dubai Hurricanes II

Al Ain Amblers v Dubai Knights Eagles II

Dubai Tigers II v Abu Dhabi Saracens

Jebel Ali Dragons II v Abu Dhabi Harlequins II

Sharjah Wanderers v Dubai Exiles II

 

LAST SEASON

West Asia Premiership

Winners – Bahrain

Runners-up – Dubai Exiles

UAE Premiership

Winners – Abu Dhabi Harlequins

Runners-up – Jebel Ali Dragons

Dubai Rugby Sevens

Winners – Dubai Hurricanes

Runners-up – Abu Dhabi Harlequins

UAE Conference

Winners – Dubai Tigers

Runners-up – Al Ain Amblers

Updated: November 09, 2023, 11:08 AM