RAMALLAH // The gunfire started almost exactly at noon as Palestinians celebrated the release of 198 prisoners from Israeli jails. The release came just a few hours before Condoleezza Rice, the US secretary of state, was due in the region in her latest quest to push forward negotiations between Israelis and Palestinians.
Neither the prisoner release - billed as a "goodwill gesture" to Mahmoud Abbas, the Palestinian president - nor Ms Rice's visit is likely to have much impact on stalled negotiations, however. Without such progress, the effect the prisoner release will have on Mr Abbas's domestic standing will be negligible, and indeed, could backfire, Palestinian analysts said.
"Ms Rice is arriving empty-handed," said Walid Salem, a Palestinian analyst. "She will not bring any bridging proposal, she will simply mediate between the two sides, trying to bring them closer."
The prisoner release, he said, was an Israeli gesture to show that progress is being made, whereas the only progress evident is just that release.
"The [prisoner release] is an attempt to do something partial in the hope that this will compensate for the absence of progress."
Nevertheless, there was no mistaking the genuine joy of the families of those released today as they assembled at the presidential headquarters in Ramallah to hear Mr Abbas say there would be "no peace unless all Palestinian prisoners are released".
The issue of Palestinian prisoners is an especially sensitive one in Palestinian society. Around 10,000 Palestinians currently languish in Israeli jails.
Of those, more than 10 per cent are held in administrative detention and without trial or formal charge. Some 320 are minors and just under 100 are women. An estimated 700,000 Palestinians have at one time or another spent time in Israeli prison in the 41 years of occupation.
Jail is therefore a common experience for Palestinians, who at one stage used to call Israeli prisons "Palestinian universities", since many received education from other prisoners there.
It is also an unpleasant one, with allegations of torture rife and conditions described by a 2005 UN special report as "harsh, with prisoners living in overcrowded, poorly ventilated cells that they generally leave for only two hours a day".
"The release of some 200 prisoners is meaningless and insignificant not only in terms of numbers, but also in practice," said Ghassan Khatib, a former minister in the Palestinian Authority.
"Israel continues to arrest and release dozens of Palestinians daily, and as long as the average number of prisoners remains the same, what's the point of making such gestures?"
Both Mr Khatib and Mr Salem rejected the idea that the release would serve to strengthen Mr Abbas.
"It is unfortunate that the Palestinian leadership has been co-opted, weakened and stripped of its political leverage to such an extent that it is in need of the support of such empty gestures," said Mr Khatib.
Mr Salem said the release could instead backfire, offering Hamas, currently engaged in prisoner exchange negotiations with Israel over captured Israeli soldier Gilad Shalit, ammunition against Mr Abbas.
"The fact that these are mostly Fatah prisoners will enable Hamas to portray [Mr Abbas] as the representative of Fatah only and not all the Palestinian people."
Sami Abu Zuhri, a Hamas spokesman, yesterday welcomed the release but at the same time warned that it was designed to keep Palestinians divided.
"We welcome the release of all Palestinian prisoners and congratulate their families," he said from Gaza City. "But the fact that [those released] were mostly from Fatah is an Israeli ploy to deepen Palestinian divisions."
Hamas is under pressure to conclude an exchange deal with Israel over Cpl Shalit but has stalled negotiations for the time being since the movement feels Israel is not abiding by its obligations under the ceasefire agreement struck for Gaza in July, especially on opening crossings into Gaza for basic goods.
Some Israeli analysts see the prisoner release as a "logical" move by Ehud Olmert's government in light of the expected exchange with Hamas.
"The decision to release PLO-connected but not Hamas prisoners makes perfect sense," said Yossi Alpher, an Israeli analyst.
"Israel has a peace process with the PLO - something that is inconceivable with Hamas."
Undoubtedly, said Mr Alpher, the timing of the release had to do with the visit of Ms Rice, though in the 24 hours she is here, she is unlikely to achieve much.
"The release will improve the atmosphere, but it doesn't apply to her main mission," Mr Alpher said.
The US administration is widely understood to be pushing the Palestinian and Israeli sides to, at the very least, commit to paper where they have reached in negotiations.
Washington is publicly committed to reaching either a comprehensive or a framework agreement by the end of the year, but both appear increasingly unlikely in the current political climate where both George W Bush, the US president, and Mr Olmert are on their way out while Mr Abbas faces scheduled presidential elections in early 2009.
"In the current situation there is not much leeway for US pressure [on either side]," said Mr Alpher.
@email:okarmi@thenational.ae
MATCH INFO
Uefa Champions League semi-final:
First leg: Liverpool 5 Roma 2
Second leg: Wednesday, May 2, Stadio Olimpico, Rome
TV: BeIN Sports, 10.45pm (UAE)
Points to remember
- Debate the issue, don't attack the person
- Build the relationship and dialogue by seeking to find common ground
- Express passion for the issue but be aware of when you're losing control or when there's anger. If there is, pause and take some time out.
- Listen actively without interrupting
- Avoid assumptions, seek understanding, ask questions
RESULTS - ELITE MEN
1. Henri Schoeman (RSA) 57:03
2. Mario Mola (ESP) 57:09
3. Vincent Luis (FRA) 57:25
4. Leo Bergere (FRA)57:34
5. Jacob Birtwhistle (AUS) 57:40
6. Joao Silva (POR) 57:45
7. Jonathan Brownlee (GBR) 57:56
8. Adrien Briffod (SUI) 57:57
9. Gustav Iden (NOR) 57:58
10. Richard Murray (RSA) 57:59
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.”
Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
British Grand Prix free practice times in the third and final session at Silverstone on Saturday (top five):
1. Lewis Hamilton (GBR/Mercedes) 1:28.063 (18 laps)
2. Sebastian Vettel (GER/Ferrari) 1:28.095 (14)
3. Valtteri Bottas (FIN/Mercedes) 1:28.137 (20)
4. Kimi Raikkonen (FIN/Ferrari) 1:28.732 (15)
5. Nico Hulkenberg (GER/Renault) 1:29.480 (14)
2025 Fifa Club World Cup groups
Group A: Palmeiras, Porto, Al Ahly, Inter Miami.
Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.
Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.
Group D: Flamengo, ES Tunis, Chelsea, Leon.
Group E: River Plate, Urawa, Monterrey, Inter Milan.
Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.
Group G: Manchester City, Wydad, Al Ain, Juventus.
Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.