The Israeli prime minister Benjamin Netanyahu's opening speech in Washington focused on requesting a formal Palestinian acknowledgement of Israel as a Jewish state. As for the Palestinian Authority's president Mahmoud Abbas, his address focused on insisting on the implementation of international laws and UN resolutions, wrote Dr Fahd al Fanek in the Jordanian daily Al Rai.
The question here is whether the world's Jews accept Israel as their state, which means they are mere guests in their countries of residence.
The establishment of a religious state is no longer viable nowadays. States are built on citizenship rather than religion. Just as there isn't a specific country for Muslims or Christians, why should there be a specific country for Jews?
Israel has more than one million Arabs of Israeli nationality. Mr Netanyahu's propositions can be interpreted as a preamble to these people's deportation in the future to their fledgling Palestinian state in return for the withdrawal of settlers from the West Bank.
It is true that the balance of military and economic power tips heavily towards Israel, but the balance of ethical and legal power still favours Palestine.
The status quo equation has always been known and internationally approved in advance. Mr Netanyahu cannot derail it now.
For the past week, all of Britain has been talking about the former prime minister Tony Blair's memoirs entitled A Journey, wrote Jihad al Khazen in the London-based newspaper Al Hayat.
Around the same time, a perhaps more interesting book was published but received little notice. In Failing Intelligence: The True Story of How We Were Fooled into Going to War in Iraq, Brian Jones recounts his experience working with the defence intelligence department at the British government on the eve of the war on Iraq.
He tells us about how he had witnessed evidence being falsified, how he was told to draft a report confirming that Iraq possessed WMDs, which he refused to do, and how the British government came up with the myth that Saddam Hussein could arm and launch his weapons in 45 minutes.
Juxtapose Mr Jones's testimony to Mr Blair's statement that he would still stand by his decision even if he knew Saddam did not possess WMDs and you will find all the signs of absurdity and arrogance.
Mr Blair, whose fortune is estimated by his opponents at £40 million since he left office three years ago, tried to play nice guy by donating his £4.6 million memoir proceeds to wounded soldiers, but concerned parties were quick to let him know that money will never wash his hands of the blood of the victims.
A few days ago, Iran and only a few Arab countries celebrated World Al Quds Day. Streets teemed with angry protesters brandishing anti-Zionism slogans, reported the pan-Arab newspaper Al Quds al Arabi in its editorial.
Arabs don't commemorate this day because it was Iran's Ayatollah al Khomeini who was the first to call for it. It could also be that Arab regimes don't want to remind their peoples of the holy city's tragedy under occupation.
The city that has been systematically subject to Judaisation efforts and excavation works under the Al Aqsa Mosque deserves a show of solidarity from all over the Islamic world. Jerusalem is a holy destination for all Muslims notwithstanding sectarian considerations.
Incidentally, those who did celebrate the day belong to the opposition camp and expressly support resistance within the Occupied Territories and elsewhere, while moderate Arab countries are support Israeli-Palestinian direct negotiations.
It is unfortunate that officially moderate Arab regimes have boycotted World Jerusalem Day. As Arabs, we are more entitled than anyone else to honour the city and express solidarity with its oppressed people.
Such a boycott only goes to show that Arab disunity is the reason behind the collapse of Arab power and the continuity of Israeli occupation of the holy city.
With the approach of the anticipated referendum on the separation of Southern Sudan in January, the People's Liberation Movement is increasing its threats against Khartoum in light of conflicts between the government and the movement, reported the Emirati daily Al Khaleej in its editorial.
The People's Movement threatens to resort to "various options" and calls for the referendum to remain on schedule. The adviser to the Sudanese president, Ghazi Saladdin, warned weeks ago of an impending war if the referendum were to take place before reaching an agreement on the issue of borders.
Matters of nationality, foreign debts and international agreements are all likely to spark confrontation. Add to that, Sudan's main oil fields are right at the boundaries that are to become national borders, a matter that threatens to become a serious source of tension.
It is clear that there are those who are interested in beating the drums of war in order to create a state of terror leading to the referendum. All factions in Sudan should learn from past experience and focus on the country's interests through reasonable dialogue. The alternative would bring nothing but devastation to the fabric of the country.
* Digest compiled by Racha Mararem
@Email:rmakarem@thenational.ae
MATCH INFO
Barcelona 5 (Lenglet 2', Vidal 29', Messi 34', 75', Suarez 77')
Valladolid 1 (Kiko 15')
In numbers: China in Dubai
The number of Chinese people living in Dubai: An estimated 200,000
Number of Chinese people in International City: Almost 50,000
Daily visitors to Dragon Mart in 2018/19: 120,000
Daily visitors to Dragon Mart in 2010: 20,000
Percentage increase in visitors in eight years: 500 per cent
The Freedom Artist
By Ben Okri (Head of Zeus)
THE BIG THREE
NOVAK DJOKOVIC
19 grand slam singles titles
Wimbledon: 5 (2011, 14, 15, 18, 19)
French Open: 2 (2016, 21)
US Open: 3 (2011, 15, 18)
Australian Open: 9 (2008, 11, 12, 13, 15, 16, 19, 20, 21)
Prize money: $150m
ROGER FEDERER
20 grand slam singles titles
Wimbledon: 8 (2003, 04, 05, 06, 07, 09, 12, 17)
French Open: 1 (2009)
US Open: 5 (2004, 05, 06, 07, 08)
Australian Open: 6 (2004, 06, 07, 10, 17, 18)
Prize money: $130m
RAFAEL NADAL
20 grand slam singles titles
Wimbledon: 2 (2008, 10)
French Open: 13 (2005, 06, 07, 08, 10, 11, 12, 13, 14, 17, 18, 19, 20)
US Open: 4 (2010, 13, 17, 19)
Australian Open: 1 (2009)
Prize money: $125m
The First Monday in May
Director: Andrew Rossi
Starring: Anna Wintour, Karl Lagerfeld, John Paul Gaultier, Rihanna
Three stars
Lexus LX700h specs
Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor
Power: 464hp at 5,200rpm
Torque: 790Nm from 2,000-3,600rpm
Transmission: 10-speed auto
Fuel consumption: 11.7L/100km
On sale: Now
Price: From Dh590,000
PFA Team of the Year: David de Gea, Kyle Walker, Jan Vertonghen, Nicolas Otamendi, Marcos Alonso, David Silva, Kevin De Bruyne, Christian Eriksen, Harry Kane, Mohamed Salah, Sergio Aguero
Tom Fletcher on 'soft power'
'Brazen'
Director: Monika Mitchell
Starring: Alyssa Milano, Sam Page, Colleen Wheeler
Rating: 3/5
More about Middle East geopolitics
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.”
The view from The National
RESULTS
6.30pm: Handicap (TB) $68,000 (Dirt) 1,600m
Winner: Hypothetical, Mickael Barzalona (jockey), Salem bin Ghadayer (trainer)
7.05pm: Meydan Sprint – Group 2 (TB) $163,000 (Turf) 1,000m
Winner: Equilateral, Andrea Atzeni, Charles Hills
7.40pm: Curlin Stakes – Listed Handicap (TB) $88,000 (D) 2,200m
Winner: New Trails, Fernando Jara, Ahmad bin Harmash
8.15pm: UAE Oaks – Group 3 (TB) $125,000 (D) 1,900m
Winner: Mnasek, Pat Dobbs, Doug Watson
8.50pm: Zabeel Mile – Group 2 (TB) $163,000 (T) 1,600m
Winner: D’bai, William Buick, Charlie Appleby
9.25pm: Balanchine – Group 2 (TB) $163,000 (T) 1,800m
Winner: Summer Romance, James Doyle, Charlie Appleby
10pm: Al Shindagha Sprint – Group 3 (TB) $130,000 (D) 1,200m
Winner: Al Tariq, Pat Dobbs, Doug Watson
The%20specs
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MO
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Three ways to boost your credit score
Marwan Lutfi says the core fundamentals that drive better payment behaviour and can improve your credit score are:
1. Make sure you make your payments on time;
2. Limit the number of products you borrow on: the more loans and credit cards you have, the more it will affect your credit score;
3. Don't max out all your debts: how much you maximise those credit facilities will have an impact. If you have five credit cards and utilise 90 per cent of that credit, it will negatively affect your score.
More from Neighbourhood Watch:
Company profile
Company name: Suraasa
Started: 2018
Founders: Rishabh Khanna, Ankit Khanna and Sahil Makker
Based: India, UAE and the UK
Industry: EdTech
Initial investment: More than $200,000 in seed funding
Ammar 808:
Maghreb United
Sofyann Ben Youssef
Glitterbeat
Biog
Mr Kandhari is legally authorised to conduct marriages in the gurdwara
He has officiated weddings of Sikhs and people of different faiths from Malaysia, Sri Lanka, Russia, the US and Canada
Father of two sons, grandfather of six
Plays golf once a week
Enjoys trying new holiday destinations with his wife and family
Walks for an hour every morning
Completed a Bachelor of Commerce degree in Loyola College, Chennai, India
2019 is a milestone because he completes 50 years in business
Brief scores:
Newcastle United 1
Perez 23'
Wolverhampton Rovers 2
Jota 17', Doherty 90' 4
Red cards: Yedlin 57'
Man of the Match: Diogo Jota (Wolves)
Company%20profile
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Killing of Qassem Suleimani
UAE rugby in numbers
5 - Year sponsorship deal between Hesco and Jebel Ali Dragons
700 - Dubai Hurricanes had more than 700 playing members last season between their mini and youth, men's and women's teams
Dh600,000 - Dubai Exiles' budget for pitch and court hire next season, for their rugby, netball and cricket teams
Dh1.8m - Dubai Hurricanes' overall budget for next season
Dh2.8m - Dubai Exiles’ overall budget for next season
MATCH INFO
Everton 2 (Tosun 9', Doucoure 93')
Rotherham United 1 (Olosunde 56')
Man of the Match Olosunde (Rotherham)