Mahmoud Abbas, the leader of the Palestinian Authority, addresses the Palestinian leadership last week in the West Bank city of Ramallah. Rumours are circulating that he intends to retire.
Mahmoud Abbas, the leader of the Palestinian Authority, addresses the Palestinian leadership last week in the West Bank city of Ramallah. Rumours are circulating that he intends to retire.
Mahmoud Abbas, the leader of the Palestinian Authority, addresses the Palestinian leadership last week in the West Bank city of Ramallah. Rumours are circulating that he intends to retire.
Mahmoud Abbas, the leader of the Palestinian Authority, addresses the Palestinian leadership last week in the West Bank city of Ramallah. Rumours are circulating that he intends to retire.

'Dangerous' balancing act threatening Palestinian Authority leader


  • English
  • Arabic

JERUSALEM // Critics say Mahmoud Abbas's reputation as the president of the Palestinian Authority is that of an indecisive leader who has regularly caved in to foreign pressure.

But lately, those same commentators have expressed empathy for the 76-year-old, who is grappling with daunting challenges.

"All his options are difficult because all would involve some degree of conflict with Israel and the US at the same time," said George Giacaman, a professor in Birzeit University's democracy and human-rights programme.

Mr Abbas tried to forge an independent agenda following the collapse of last year's peace negotiations with Israel, hoping to extricate the Palestinians from two decades of failed US-sponsored peacemaking efforts.

Putting him in direct confrontation with Israel and Washington, in retrospect, seems to be a decision that was doomed to fail.

Hani Masri, an independent Palestinian political analyst, said Mr Abbas was now "waiting for any development that can rescue him from this situation".

Despite a burst of support among Palestinians for seeking full membership of the UN in September, lobbying by Washington has stalled Mr Abbas's initiative.

Financially, too, his hands have been tied by Israel's refusal to distribute about US$100 million (Dh367.3m) of PA tax revenues as punishment for the Palestinians joining Unesco last month.

Serious doubts also surround Mr Abbas's ability to follow through on his May reconciliation accord with Hamas without incurring a crippling suspension of the substantial financial aid Washington provides.

The US considers Hamas a terrorist group.

Meanwhile, Israel last month handed his Hamas rivals a publicity coup when it agreed to release 1,027 Palestinian prisoners in exchange for one Israeli soldier.

With a return to peace talks with Israel politically untenable due to its continued expansion of Jewish settlements, Mr Abbas's options are few.

"If you want to summarise how he's responding, it's waiting, surviving, until America and Israel change their positions," Mr Masri said. "But his strategy lacks an initiative for the Palestinians."

That absence of initiative appears to involve not making any meaningful advances on a number of issues popular among Palestinians, such as reconciliation and statehood recognition.

Although reports suggest progress on forming a caretaker government with Hamas and then holding elections next year, Mr Abbas's Fatah allies have said he was also still committed to retaining Salaam Fayyad as prime minister of the PA.

This position would seemingly hamstring progress since Hamas vehemently opposes his keeping Mr Fayyad.

Mr Abbas has vowed to continue pursuing full membership in the UN even though he lacks enough support in the Security Council.

Yet he has so far declined pursuing an assured success of elevating the Palestinians' observer status in the General Assembly.

It may all be a gamble to retain US support and salvage whatever authority Mr Abbas may have left at home.

But Mr Giacaman called this a "very dangerous" balancing act.

Palestinians increasingly see the PA and its leader as a virtual "subcontractor for Israel's occupation", he said.

This is in large part a result of joint PA-Israeli security operations that still arrest Palestinians while an end to Israel's occupation remains distant.

"So the question on people's minds is, what exactly is the function of the PA?" Mr Giacaman said.

In an address last month, Mr Abbas acknowledged this problem, telling Fatah's Revolutionary Council that the PA was "not an authority". "The people and Palestinian institutions are asking what the point of its continued existence is," he said. But he has indicated that disbanding it altogether would be a last-resort option.

Most Palestinian leaders admit that dissolving the authority and doing away with its vital education, health and municipal services, would be a disastrous setback for stability and the statehood bid.

"When you go to the UN for recognition, you don't say, 'Recognise my state while I dissolve its institutions'," said Hanan Ashrawi, a prominent Palestinian politician and activist.

She said officials were instead looking to reform the PA so it would "empower the Palestinians while also making the occupation costly for Israel". But that is easier said than done, given Israel's near-total control over all things Palestinian - water, borders, movement, identity cards - between the Jordan River and the Mediterranean Sea.

Increasingly, there have been indications that Mr Abbas may soon resign from his six-year tenure as president. The rumours were being taken more seriously than previous ones and he has reportedly just bought a new home in Amman.

"Whether this is for an upcoming retirement, I don't know," said Daoud Kuttab, a Palestinian analyst who lives in Jerusalem and Amman.

"But if Mahmoud Abbas left the scene, resigned or abandoned his PA position, it would be very difficult for anyone else to take over."

Sri Lanka Test squad:

Dimuth Karunaratne (stand-in captain), Niroshan Dickwella (vice captain), Lahiru Thirimanne, Kaushal Silva, Kusal Mendis, Kusal Janith Perera, Milinda Siriwardana, Dhananjaya de Silva, Oshada Fernando, Angelo Perera, Suranga Lakmal, Kasun Rajitha, Vishwa Fernando, Chamika Karunaratne, Mohamed Shiraz, Lakshan Sandakan and Lasith Embuldeniya.

COMPANY PROFILE
Name: Airev
Started: September 2023
Founder: Muhammad Khalid
Based: Abu Dhabi
Sector: Generative AI
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
 
if you go
Specs

Engine: Dual-motor all-wheel-drive electric

Range: Up to 610km

Power: 905hp

Torque: 985Nm

Price: From Dh439,000

Available: Now

The specs
Engine: 4.0-litre flat-six
Power: 510hp at 9,000rpm
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Price: From Dh801,800
Sole survivors
  • Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
  • George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
  • Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
  • Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
UK-EU trade at a glance

EU fishing vessels guaranteed access to UK waters for 12 years

Co-operation on security initiatives and procurement of defence products

Youth experience scheme to work, study or volunteer in UK and EU countries

Smoother border management with use of e-gates

Cutting red tape on import and export of food

The Way It Was: My Life with Frank Sinatra by Eliot Weisman and Jennifer Valoppi
Hachette Books

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

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.”

Women & Power: A Manifesto

Mary Beard

Profile Books and London Review of Books 

How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less
The specs

Engine: 3.0-litre six-cylinder MHEV

Power: 360bhp

Torque: 500Nm

Transmission: eight-speed automatic

Price: from Dh282,870

On sale: now

The Meg
Director: Jon Turteltaub
Starring:   
Two stars