Relatives attend the release of Jordanian militants, who served 17 years in prison for killing Israeli soldiers.
Relatives attend the release of Jordanian militants, who served 17 years in prison for killing Israeli soldiers.

Jordanians cheer prisoners' release



AMMAN // Hundreds of Jordanians gathered outside the Gafgafa prison, 60km north of Amman, yesterday to celebrate the release of four Jordanian citizens who completed prison sentences in the country after being transferred from Israeli prisons 13 months ago. In emotionally charged scenes, women ululated and sprinkled flowers as family and friends distributed sweets to mark the release of Sultan Ajlouni, Khaled and Salem Abu Ghalyoun and Amin al Sanee. All four men had spent 17 years in prison in Israel for killing four Israeli soldiers in two separate attacks in 1990 - four years before Jordan and Israel signed a peace treaty.

Israel had refused to release the four saying they had "blood on their hands", but the men were finally handed to the Jordanians under pressure from King Abdullah II to serve out the remaining 18 months. Jordanian law stipulates that a month in jail is 21 days and prisoners can serve three-quarters of their term if they show good behaviour. Dressed in khaki, the four men walked out of the prison gates holding aloft the Jordanian flag to meet the crowds, who chanted "God is Great," and called for "the army of Mohammed to return".

The crowds marched, some holding the green flags of the Muslim Brotherhood, and others raising photos of King Abdullah. The mother of Sultan Ajlouni kissed the ground, grateful to see her son, who crossed over into Israel in 1990 and killed an Israeli soldier. "Eighteen years are enough ... now it is time to work in order to release all the other Arab prisoners in Israeli jails," Mr Ajlouni said. "This is a day of joy for us, but the happiness is not complete, not until the other prisoners are released," said Mr Ajlouni's brother, Saleh, who heads a national committee that follows up on prisoners in Israel.

"There is still a thorny issue as there is a huge number of prisoners in the jails of the Zionist occupation," he said. There are 28 Jordanians in prison in Israel and 25 other Jordanian nationals are listed as missing, according to the committee. Officials in Jordan's foreign ministry said about 20 were in Israeli jails, all imprisoned after the peace treaty. "We continue to follow up on their health and their situation. There are efforts ? and we are trying to reach an agreement with Israel to secure their release. And with our diplomacy we were able to release the four prisoners," said a foreign ministry spokesman.

Itai Bardov, a spokesman for the Israeli Embassy in Amman, said his country "explained to Jordan that we would have preferred to have their release postponed until the full 18 months are up". But he told The Associated Press the Jordanian decision would not affect relations and his government did not "see this as an anti-Israeli move". Some 30km away, in Muqabaleen, Mr Sanee arrived in a convoy of honking cars. His five sisters and new wife, Amal, beat drums, sang and ululated, while the men sat under a canopy, sipping bitter coffee.

"Thank God for the freedom, which is priceless," Mr Sanee said on his arrival. "Our joy will only be complete when Palestine is liberated." Asked about life in Israeli prisons, he said: "We suffered every day, even when it comes to the water that we drink or the air that we breathe. The Israelis even tried to make the windows smaller in prison to deprive us of air," he said. Mr Sanee, 42, met Amal, 24, at a family lunch when he was released for 24 hours to celebrate Eid al Fiter, the feast of breaking fast, last year. The two were married a few months later during another 24-hour leave to mark Eid al Adha, the feast of sacrifice.

Last year the Jordanians and the Israelis agreed that the four men could be freed at the same time that Israel releases other Arab prisoners with similar charges. But when the four remained in detention after last month's prisoner swap between Hizbollah and Israel last month, a public outcry grew. "Israel exchanged prisoners with Hizbollah and did not do the same with Jordan, with whom it had signed a peace deal," said Labib Qamhawi, a political analyst.

"This is really embarrassing because Jordan should be more important to Israel than Hizbollah. "Jordan did not want to be seen running in the shadow of Hizbollah." Some commentators have criticised the Hizbollah prisoner swap for sending a message that Israel responds to force before peace. The peace treaty that Jordan signed with Israel does not mention Jordanian prisoners. "Jordanians feel that the treaty was severely disadvantageous because too many issues should have been addressed, including that of the Jordanian prisoners," Mr Qamhawi said. "People believe that it was sealed without any serious consideration for the interest of the country and that's why they don't accept it till now," he said.

The foreign ministry spokesman defended the treaty, however. "Having peace between neighbouring countries benefits both. Jordan uses its ties with Israel to help the Palestinians and to push for efforts towards a peaceful settlement," a ministry spokesman said. @Email:smaayeh@yahoo.com

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Southampton 2

Armstrong 13', Soares 20'

Manchester United 2

Lukaku 33', Herrera 39'

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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