RAMALLAH // Mahmoud Abbas, the Palestinian president, yesterday dismissed talk of a state with temporary borders, an idea that has been bandied about in the Israeli media in recent days, and urged the US to impose a solution on the parties.
In a televised speech to leaders in his Fatah movement, Mr Abbas also warned again that time was running out for a two-state solution.
"Do you want a two-state solution?" Mr Abbas asked of Israel in the speech. "If you want it we are ready. We are still clinging to that option."
Mr Abbas, who received George Mitchell, the US Middle East envoy, at his headquarters in Ramallah on Friday, rejected the idea of a state with temporary borders.
The idea had been floated in the Israeli media as a way for the Israeli government to grant Palestinians an achievement without bowing to pressure to end settlement construction in occupied territory, especially East Jerusalem.
Mr Abbas said Palestinians were being asked to "take a state with provisional borders on 40 or 50 per cent, and after that we will see. Frankly, we will not accept the state with temporary borders."
Establishing temporary borders has been suggested as an interim step before full independence, with the final boundaries being negotiated later. But the Palestinians have previously rejected the idea because they fear the temporary borders would become final.
The Fatah leader was addressing the 130-member Fatah Revolutionary Council at the first policy-drafting meeting since internal elections last August. Delegates plan to discuss negotiations with Israel, unity with Hamas, and prisoners in Israeli jails. They are also due to formulate a position on non-violent resistance.
In his speech to delegates, Mr Abbas repeated his insistence that settlement construction in East Jerusalem must stop before he would agree to talks with Israel.
Mr Mitchell yet again failed on Friday to convince Mr Abbas to agree to start indirect negotiations through US mediation with Benjamin Netanyahu, the Israeli prime minister.
Mr Mitchell is understood to have brought what one Palestinian official described as "concessions on non-substantial issues" from Mr Netanyahu. These were not spelt out, according to the official, though Israeli media reports suggest Israel is considering so-called confidence-building measures that might include the release of some 1,000 Palestinian prisoners and an easing of movement restrictions in the West Bank.
Mr Netanyahu had in recent days dug his heels in further over settlement construction in East Jerusalem. The many proposals for confidence-building measures and other sweeteners must be seen in the light of an ongoing negotiation between Israel and Washington over US pressure on Israel to end settlement construction. But the Palestinians are also not budging from their position on the issue.
"There was no proposal of substance from the Israeli government," a Palestinian official said on condition of anonymity. He was referring to the settlement issue on which, he said, the Palestinians remain firm: "Mr Mitchell brought nothing new, and what he brought was not acceptable."
In his speech in Bethlehem, Mr Abbas called on Barack Obama, the US president, to impose a solution in the absence of negotiations, another proposal that has been floated in recent days as a way out of deadlock.
"Mr President and members of the American administration, since you believe in this [an independent Palestinian state], it is your duty to take steps toward a solution and to impose this solution," Mr Abbas said.
Last week, the idea that the US would impose a solution on the two parties was floated in Washington, though US officials have since distanced themselves from the idea.
On Friday, Hillary Clinton, the US secretary of state, distanced Washington from the idea of a Palestinian state with temporary borders.
"So there's a lot of ideas that have been floated around, but at the end of the day it's only the Israelis and Palestinians who can make decisions for themselves," Ms Clinton said.
Mr Mitchell is due to meet Mr Netanyahu again today, but the US state department was keen to play down expectations for the visit. "Are we expecting a breakthrough result of this visit? Probably not," said Philip Crowley, a spokesman.
In Gaza, meanwhile, Fawzi Barhoum, a Hamas spokesman, derided Mr Mitchell's visit as "useless" and warned Mr Abbas to resist US pressure to resume negotiations in light of what he called Washington's "retreat" in the face of Israeli intransigence over settlement construction.
"We say that a return to negotiations is a new conspiracy against the Palestinian rights and constants," Mr Barhoum said.
okarmi@thenational.ae
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
Brief scores:
Toss: Kerala Knights, opted to fielf
Pakhtoons 109-5 (10 ov)
Fletcher 32; Lamichhane 3-17
Kerala Knights 110-2 (7.5 ov)
Morgan 46 not out, Stirling 40
The specs: 2018 Nissan Altima
Price, base / as tested: Dh78,000 / Dh97,650
Engine: 2.5-litre in-line four-cylinder
Power: 182hp @ 6,000rpm
Torque: 244Nm @ 4,000rpm
Transmission: Continuously variable tranmission
Fuel consumption, combined: 7.6L / 100km
A new relationship with the old country
Treaty of Friendship between the United Kingdom of Great Britain and Northern Ireland and the United Arab Emirates
The United kingdom of Great Britain and Northern Ireland and the United Arab Emirates; Considering that the United Arab Emirates has assumed full responsibility as a sovereign and independent State; Determined that the long-standing and traditional relations of close friendship and cooperation between their peoples shall continue; Desiring to give expression to this intention in the form of a Treaty Friendship; Have agreed as follows:
ARTICLE 1 The relations between the United Kingdom of Great Britain and Northern Ireland and the United Arab Emirates shall be governed by a spirit of close friendship. In recognition of this, the Contracting Parties, conscious of their common interest in the peace and stability of the region, shall: (a) consult together on matters of mutual concern in time of need; (b) settle all their disputes by peaceful means in conformity with the provisions of the Charter of the United Nations.
ARTICLE 2 The Contracting Parties shall encourage education, scientific and cultural cooperation between the two States in accordance with arrangements to be agreed. Such arrangements shall cover among other things: (a) the promotion of mutual understanding of their respective cultures, civilisations and languages, the promotion of contacts among professional bodies, universities and cultural institutions; (c) the encouragement of technical, scientific and cultural exchanges.
ARTICLE 3 The Contracting Parties shall maintain the close relationship already existing between them in the field of trade and commerce. Representatives of the Contracting Parties shall meet from time to time to consider means by which such relations can be further developed and strengthened, including the possibility of concluding treaties or agreements on matters of mutual concern.
ARTICLE 4 This Treaty shall enter into force on today’s date and shall remain in force for a period of ten years. Unless twelve months before the expiry of the said period of ten years either Contracting Party shall have given notice to the other of its intention to terminate the Treaty, this Treaty shall remain in force thereafter until the expiry of twelve months from the date on which notice of such intention is given.
IN WITNESS WHEREOF the undersigned have signed this Treaty.
DONE in duplicate at Dubai the second day of December 1971AD, corresponding to the fifteenth day of Shawwal 1391H, in the English and Arabic languages, both texts being equally authoritative.
Signed
Geoffrey Arthur Sheikh Zayed
What should do investors do now?
What does the S&P 500's new all-time high mean for the average investor?
Should I be euphoric?
No. It's fine to be pleased about hearty returns on your investments. But it's not a good idea to tie your emotions closely to the ups and downs of the stock market. You'll get tired fast. This market moment comes on the heels of last year's nosedive. And it's not the first or last time the stock market will make a dramatic move.
So what happened?
It's more about what happened last year. Many of the concerns that triggered that plunge towards the end of last have largely been quelled. The US and China are slowly moving toward a trade agreement. The Federal Reserve has indicated it likely will not raise rates at all in 2019 after seven recent increases. And those changes, along with some strong earnings reports and broader healthy economic indicators, have fueled some optimism in stock markets.
"The panic in the fourth quarter was based mostly on fears," says Brent Schutte, chief investment strategist for Northwestern Mutual Wealth Management Company. "The fundamentals have mostly held up, while the fears have gone away and the fears were based mostly on emotion."
Should I buy? Should I sell?
Maybe. It depends on what your long-term investment plan is. The best advice is usually the same no matter the day — determine your financial goals, make a plan to reach them and stick to it.
"I would encourage (investors) not to overreact to highs, just as I would encourage them not to overreact to the lows of December," Mr Schutte says.
All the same, there are some situations in which you should consider taking action. If you think you can't live through another low like last year, the time to get out is now. If the balance of assets in your portfolio is out of whack thanks to the rise of the stock market, make adjustments. And if you need your money in the next five to 10 years, it shouldn't be in stocks anyhow. But for most people, it's also a good time to just leave things be.
Resist the urge to abandon the diversification of your portfolio, Mr Schutte cautions. It may be tempting to shed other investments that aren't performing as well, such as some international stocks, but diversification is designed to help steady your performance over time.
Will the rally last?
No one knows for sure. But David Bailin, chief investment officer at Citi Private Bank, expects the US market could move up 5 per cent to 7 per cent more over the next nine to 12 months, provided the Fed doesn't raise rates and earnings growth exceeds current expectations. We are in a late cycle market, a period when US equities have historically done very well, but volatility also rises, he says.
"This phase can last six months to several years, but it's important clients remain invested and not try to prematurely position for a contraction of the market," Mr Bailin says. "Doing so would risk missing out on important portfolio returns."
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
The specs
Engine: 2.0-litre 4-cyl
Power: 153hp at 6,000rpm
Torque: 200Nm at 4,000rpm
Transmission: 6-speed auto
Price: Dh99,000
On sale: now
The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%201.8-litre%204-cyl%20turbo%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E190hp%20at%205%2C200rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20320Nm%20from%201%2C800-5%2C000rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESeven-speed%20dual-clutch%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%3C%2Fstrong%3E%206.7L%2F100km%0D%3Cbr%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20From%20Dh111%2C195%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%3C%2Fp%3E%0A
The biog
Nickname: Mama Nadia to children, staff and parents
Education: Bachelors degree in English Literature with Social work from UAE University
As a child: Kept sweets on the window sill for workers, set aside money to pay for education of needy families
Holidays: Spends most of her days off at Senses often with her family who describe the centre as part of their life too
Specs
Engine: 51.5kW electric motor
Range: 400km
Power: 134bhp
Torque: 175Nm
Price: From Dh98,800
Available: Now