Israelis go to the polls on Monday for the third time in less than a year, with Palestinian citizens hoping to shake up the political system as Prime Minister Benjamin Netanyahu fights to stay in power and out of prison.
In the months since Israelis last voted in September, Washington has released its long-awaited Middle East peace plan and Mr Netanyahu has been indicted on corruption charges.
But despite such developments and weeks of campaigning, further political deadlock seems likely as polls show few Israelis will switch allegiances although the growing political fatigue means turnout is expected to drop.
Mr Netanyahu’s right-wing Likud party is set to again come out tied with the centrist Blue and White party, led by former army chief Benny Gantz, with each winning 33 or 34 seats according to polls published Friday.
Both would need to link up with smaller parties in the 120-member Knesset to form a government, but neither leader is expected to gain the necessary support of 61 lawmakers.
Mr Netanyahu and Mr Gantz have rejected the Arab-led Joint List as a possible coalition partner, despite expectations it will be the third-largest alliance with 13 or 14 seats.
The September election saw an uptick in turnout among Arab and Palestinian citizens of Israel, also called Arab Israelis, widely seen as a reaction to Mr Netanyahu’s vilification of the community. If the momentum continues, the Joint List could get a further boost at the polls.
“There is a great feeling of change in the street, they feel that they might create or introduce a big change in Israeli politics at large,” said Arik Rudnitzky, a researcher in Arab-Jewish relations at the Israel Democracy Institute.
The alliance has pledged to tackle issues such as violent crime in Arab neighbourhoods, while also reaching out to other communities with adverts in Yiddish and Amharic.
"I think this time the Joint List, the components were not busy with their own dividing lines and past rivalries, they were very clear and conveyed a message of unity," Mr Rudnitzky told The National.
No other party is making serious efforts to win the support of Palestinian citizens of Israel, who make up around 20 per cent of the population.
Towards the end of the latest campaign, Mr Netanyahu made an appearance in an Arab constituency in northern Israel. But the meeting was met with protest, while an interview with Arabic-language media appears to have fallen flat.
Yara Hawari, a senior fellow at the Al Shabaka Palestinian policy network, said Arabs are driven to vote for the Joint List despite knowing it will not be in government.
"There's a glass ceiling that Palestinians can't smash through and I think that deep down a lot of people know that, but Palestinians hope they can achieve the best they can within this [political] structure," she told The National.
The prime minister has long courted the pro-settlement camp and in February announced thousands of new settler homes in occupied East Jerusalem, which are viewed as illegal by most of the international community.
Mr Netanyahu has also pledged to annex the occupied West Bank, as outlined in the US peace plan unveiled in January, but he has been unable to put the plan into action ahead of the election.
Israel’s longest-serving premier, Mr Netanyahu convincingly saw off a leadership challenge in December but the Likud campaign has been marred by his legal woes.
Just two weeks after the election, Mr Netanyahu will stand trial on corruption charges he denies. Earlier this year the prime minister made a bid for parliamentary immunity, but pulled the request on realising he did not have enough support among lawmakers.
Mr Gantz has repeatedly told voters that Mr Netanyahu will be far too busy with the court battle to govern the country, presenting himself as the trustworthy alternative.
Although turnout is not expected to fall significantly, Israelis are certainly dismayed by the state of politics according to one poll. The election was deemed “dirty” by 44 per cent and “boring” by 32 per cent of respondents, in a survey published by Israel Hayom newspaper on Friday.
Some are making light of yet another election, with a twist on a Hebrew phrase that people bumping into each other twice should get ice cream the third time. US-based Ben & Jerry's ice cream company, famed for is jovial flavours, has launched the special “One Sweet Vote” variety for the election that includes chocolates shaped like the peace symbol.
But the sugar hit will wear off quickly if the polls prove accurate, leading to weeks of tough coalition talks.
With all possible solutions rejected after the September vote and no sign that political leaders are willing to change their positions, Israel could be heading to a fourth election before the end of the year.
While Arab lawmakers are expected to be kept at the sidelines, they could well shake-up Israeli politics but virtue of their exclusion by Mr Netanyahu or Mr Gantz.
“One of the main impacts they have is disrupting the standard coalition making process,” said Ms Hawari. “It’s a problem because it’s very difficult to form a government without them.”
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
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Director:Anthony Hayes
Stars:Zaf Efron, Anthony Hayes
Rating:3/5
Fixtures
Tuesday - 5.15pm: Team Lebanon v Alger Corsaires; 8.30pm: Abu Dhabi Storms v Pharaohs
Wednesday - 5.15pm: Pharaohs v Carthage Eagles; 8.30pm: Alger Corsaires v Abu Dhabi Storms
Thursday - 4.30pm: Team Lebanon v Pharaohs; 7.30pm: Abu Dhabi Storms v Carthage Eagles
Friday - 4.30pm: Pharaohs v Alger Corsaires; 7.30pm: Carthage Eagles v Team Lebanon
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Name: Atheja Ali Busaibah
Date of birth: 15 November, 1951
Favourite books: Ihsan Abdel Quddous books, such as “The Sun will Never Set”
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Started: April 2017
Founders: Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh
Based: Cairo, Egypt
Sector: transport
Size: 450 employees
Investment: approximately $80 million
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Titanium Escrow profile
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White hydrogen: Naturally occurring hydrogen
Chromite: Hard, metallic mineral containing iron oxide and chromium oxide
Ultramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica content
Ophiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on land
Olivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour
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1) Organ donors can register on the Hayat app, run by the Ministry of Health and Prevention
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4) The campaign uses the hashtag #donate_hope
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Name: Dr Hassan Mohsen Elhais
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One in nine do not have enough to eat
Created in 1961, the World Food Programme is pledged to fight hunger worldwide as well as providing emergency food assistance in a crisis.
One of the organisation’s goals is the Zero Hunger Pledge, adopted by the international community in 2015 as one of the 17 Sustainable Goals for Sustainable Development, to end world hunger by 2030.
The WFP, a branch of the United Nations, is funded by voluntary donations from governments, businesses and private donations.
Almost two thirds of its operations currently take place in conflict zones, where it is calculated that people are more than three times likely to suffer from malnutrition than in peaceful countries.
It is currently estimated that one in nine people globally do not have enough to eat.
On any one day, the WFP estimates that it has 5,000 lorries, 20 ships and 70 aircraft on the move.
Outside emergencies, the WFP provides school meals to up to 25 million children in 63 countries, while working with communities to improve nutrition. Where possible, it buys supplies from developing countries to cut down transport cost and boost local economies.
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Sun jukebox
Rufus Thomas, Bear Cat (The Answer to Hound Dog) (1953)
This rip-off of Leiber/Stoller’s early rock stomper brought a lawsuit against Phillips and necessitated Presley’s premature sale to RCA.
Elvis Presley, Mystery Train (1955)
The B-side of Presley’s final single for Sun bops with a drummer-less groove.
Johnny Cash and the Tennessee Two, Folsom Prison Blues (1955)
Originally recorded for Sun, Cash’s signature tune was performed for inmates of the titular prison 13 years later.
Carl Perkins, Blue Suede Shoes (1956)
Within a month of Sun’s February release Elvis had his version out on RCA.
Roy Orbison, Ooby Dooby (1956)
An essential piece of irreverent juvenilia from Orbison.
Jerry Lee Lewis, Great Balls of Fire (1957)
Lee’s trademark anthem is one of the era’s best-remembered – and best-selling – songs.
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Cold War (Poland)
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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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