Israeli-Turkish ties are still blooming



"It is wrong to think that Turkish-Israeli relations have entered a deadlock that is impossible to get out of. Even if Israeli tourists deserted Turkish beaches this summer, the complex diplomatic relations between the two countries are still active," noted Mazen Hammad in an opinion piece for the Jordanian newspaper Addustoor. Following the deadly attack on the Freedom Flotilla, Ankara strongly condemned the aggression and recalled its ambassador to Tel Aviv. It also prevented Israeli aircraft from flying in its airspace while it cancelled joint military exercises.

But in other areas, relations between the two countries continue without disruption. There is a Turkish military delegation in Tel Aviv in a training programme on how to operate unmanned aircraft purchased from Israel. Commercial transactions were also not affected by seemingly chilled relations. Furthermore, there is no indication of the possibility of freezing or calling off the Israeli-Turkish free trade agreement, although Turks fear the Israelis might cancel a contract worth $140 million to improve the capacity of Turkish intelligence aircraft. Overall, however, commercial ties are stable and less likely to be affected, Israeli officials have been quoted as saying. A similar view was expressed by Soli Ozel, a professor of international relations, who stressed the importance of Turkey and Israel's mutual interests.

An Israeli delegation visited Cairo to inform Egyptian officials about their aspirations for Benjamin Netanyahu's Washington visit, wrote Abdul Rahman al Rashed in an opinion piece for the pan-Arab newspaper Asharq al Awsat. But the Israelis also explained that the visit to the United States was postponed because of the new Freedom Flotilla bound for Gaza. From past experience, it is ironic to believe that Tel Aviv's latest visit to Washington will be different. At best, it is an attempt by Mr Netanyahu to mitigate the mounting international pressure on Israel to proceed in peace talks with the Palestinians. It could also be a way to buy more time as Europe vows its support for the establishment of a Palestinian independent state with or without negotiations.

The die is cast. Enthusiasm for reaching a final settlement has waned because of the intransigent attitude of the Israeli government, which led to the rise of extremist groups in the Muslim world, and to the weakness of the Palestinian Authority. Moreover, this also caused Turkey to turn to Iran, Hamas and others, while the US appears unable to implement its peace plans and meet its promises in the region. As the US legislative election approaches, President Obama needs to support the Europeans, who are enthusiastic about a proposal for an independent Palestinian state based on the Arab peace plan.

In a comment article for the UAE newspaper Al Ittihad, Aisha al Marri wrote that Gen David Petraeus, the new commander of US and Nato forces in Afghanistan, suggested changing war strategies to the US Senate.

He also renewed his support for the process of transferring security responsibilities to Afghan forces, stressing that any drawdown of troops depends on security conditions on the ground. There are two main approaches for defining future strategies in handling the Afghan issue, said al Marri. Some advocate a political settlement by integrating the Taliban, while ensuring the government stays in line with the West.

This hypothetical government should also work on security. Others consider American and international presence in the country necessary because of its strategic location in Central Asia as a base for combating terrorism. According to this view, international forces should escalate their military action by increasing troops in order to eliminate both Taliban and al Qa'eda militias. President Barack Obama has presented incentives to moderate Taliban members through a special fund to cover their employment in government jobs. But the Taliban objected to renouncing arms or to engage in any negotiation process before the withdrawal of foreign forces. In light of the security situation, the writer suggests opening direct dialogue with the movement as a more feasible alternative.

"Nothing suggests that President Barack Obama would go down in history the way his predecessor George W Bush did. The two are as different as the present circumstances. Mr Obama rather would dream of bringing home the American troops from difficult, if not hard-to-achieve tasks... and also extend a hand to Iran for dialogue, respecting differences and interests," noted the London-based newspaper Al Hayat in its editorial.

But this has not happened. Tehran declined his offer. Many have called it a missed opportunity. Some, however, think this reflects Iran's hostility towards the US, which is a fundamental characteristic of the regime. As such, for Iranians, any real dialogue with the US would likely open doors for winds that could disrupt the "Islamic Republic fortress". It is also difficult to understand whether Tehran wantsv to produce an atomic bomb, and why Iranians have failed so far in convincing the West, including China about their real intentions.

The new sanctions have come as an alternative to a military action and may temporarily absorb the mounting tension. But Iran, thanks to its resources and its special relations with Afghanistan and Iraq, can live in the long run with such punitive measures. * Digest compiled by Mostapha Elmouloudi @Email:melmouloudi@thenational.ae

The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

Dengue%20fever%20symptoms
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NO OTHER LAND

Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal

Stars: Basel Adra, Yuval Abraham

Rating: 3.5/5

'Nope'
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Jordan%20Peele%0D%3Cbr%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Daniel%20Kaluuya%2C%20Keke%20Palmer%2C%20Brandon%20Perea%2C%20Steven%20Yeun%0D%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203.5%2F5%3C%2Fp%3E%0A
COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 

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.”

Sri Lanka World Cup squad

Dimuth Karunaratne (c), Lasith Malinga, Angelo Mathews, Thisara Perera, Kusal Perera, Dhananjaya de Silva, Kusal Mendis, Isuru Udana, Milinda Siriwardana, Avishka Fernando, Jeevan Mendis, Lahiru Thirimanne, Jeffrey Vandersay, Nuwan Pradeep, Suranga Lakmal.

Test

Director: S Sashikanth

Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan

Star rating: 2/5

The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

Company%20Profile
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The biog

Favourite colour: Brown

Favourite Movie: Resident Evil

Hobbies: Painting, Cooking, Imitating Voices

Favourite food: Pizza

Trivia: Was the voice of three characters in the Emirati animation, Shaabiyat Al Cartoon

MOTHER%20OF%20STRANGERS
%3Cp%3EAuthor%3A%20Suad%20Amiry%3Cbr%3EPublisher%3A%20Pantheon%3C%2Fp%3E%0A%3Cp%3EPages%3A%20304%3Cbr%3EAvailable%3A%20Now%3C%2Fp%3E%0A
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 Year Earth Changed

Directed by:Tom Beard

Narrated by: Sir David Attenborough

Stars: 4

The smuggler

Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple. 
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.

Khouli conviction

Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.

For sale

A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.

- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico

- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000

- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950

The%20specs
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PREMIER LEAGUE FIXTURES

Saturday (UAE kick-off times)

Watford v Leicester City (3.30pm)

Brighton v Arsenal (6pm)

West Ham v Wolves (8.30pm)

Bournemouth v Crystal Palace (10.45pm)

Sunday

Newcastle United v Sheffield United (5pm)

Aston Villa v Chelsea (7.15pm)

Everton v Liverpool (10pm)

Monday

Manchester City v Burnley (11pm)

Omar Yabroudi's factfile

Born: October 20, 1989, Sharjah

Education: Bachelor of Science and Football, Liverpool John Moores University

2010: Accrington Stanley FC, internship

2010-2012: Crystal Palace, performance analyst with U-18 academy

2012-2015: Barnet FC, first-team performance analyst/head of recruitment

2015-2017: Nottingham Forest, head of recruitment

2018-present: Crystal Palace, player recruitment manager

 

 

 

 

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COMPANY%20PROFILE
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McLaren GT specs

Engine: 4-litre twin-turbo V8

Transmission: seven-speed

Power: 620bhp

Torque: 630Nm

Price: Dh875,000

On sale: now

A MINECRAFT MOVIE

Director: Jared Hess

Starring: Jack Black, Jennifer Coolidge, Jason Momoa

Rating: 3/5

BRAZIL%20SQUAD
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