Gideon Levy, a journalist with the Israeli newspaper Haaretz, visited the northern town of Jenin in the West Bank where he met two of its veteran militants, Jamal and Zakariya al Zubaidi, only to find out that they, and their comrades in the Palestinian struggle, have surrendered their weapons for a place on the payroll of the Palestinian Authority, which has been paying them to do nothing, reported the pan-Arab newspaper Al Quds al Arabi.
The Israeli journalist summed up the situation in the once super-resistant West Bank town by entitling his report: "Despair turns Jenin from a city of suicide-militants to a city of the dead."
Ironically enough, the "economic peace" that the Palestinian premier Salam Fayyad imposes on Jenin's natives has transformed them into a bunch of zombies who simply eat, drink and moan, Al Quds al Arabi said in its editorial.
Some have become instruments in the hands of Israeli security, taking care of the dirty business, such as capturing and torturing Palestinian militants.
Veteran militant Jamal al Zubaidi, who now lives on 1,500 shekels (Dh1,400) a month, like many a former militant, concedes that Jenin is seeing more kids going to school, more hospitals and a better enforcement of the law. "But that wasn't what we fought for throughout the years, nor what thousands were crippled, imprisoned and died for," he said.
"There is nothing odder than China's refusal to sign a statement citing East Jerusalem as the capital of the Palestinian state, except an Israeli decision to grant China a $400 million loan the next day," commented Amjad Arrar in the Emirati newspaper Al Khaleej.
These two events constitute a "complex oddity" for multiple reasons. Even the worst of Security Council resolutions - No 242, which the United States itself, let alone China, approved - recognises the eastern part of Jerusalem as an occupied territory.
Also, China recognised Jerusalem as the capital of the state of Palestine and allowed the opening of a Palestinian embassy in Beijing when the National Palestinian Council issued its independence declaration in 1988.
"We are no partisans of conspiracy theories here to establish some link between China's strange decision and Israel's announcement of its loan. We're not saying here that a barter, bribe or reward has been at stake. Nevertheless, the fact that Israel's decision landed within 24 hours from China's refusal to sign the statement, simply raises suspicions."
All in all, Arabs can't just sit there dealing out accusations against others as if they were judges in their own international court. States take their stances in consideration of international interests and power balances.
Iran scored a diplomatic point earlier this week through its tripartite agreement with Turkey and Brazil to ship its low-enriched uranium to the former where it would be processed and returned to Iran at a 20 per cent higher level of enrichment, usable for medical purposes, wrote Abdullah Iskandar, the managing editor of the London-based newspaper Al Hayat.
"The agreement does not mean that Iran's quarrel with the West over its nuclear programme is resolved, for there are a legion of lingering details, long negotiations with the International Atomic Energy Agency and the approval of the five-plus-one countries before a final settlment is reached."
The new tripartite deal is a diplomatic arrangement that concerns the three signatories alone. It is not a response to the demands of the five plus one group or the Security Council's.
The diplomatic prowess of the Iranian deal lies in its potential to bog down otherwise stepped up efforts to impose a fresh batch of sanctions on the Islamic Republic. "Tehran has dexterously laid a favourable ground for the three-way deal to materialise, profiting to the utmost from the political and economic needs of the two rising nations in the field of energy."
Indeed, Iran has been directing intelligently its "edge-of-the-cliff politics" and benefitting from it significantly, at least until now.
According to Mazen Hammad, a columnist with the Qatari newspaper Al Watan, world powers don't like to hear the opinions of the Jewish American linguist Noam Chomsky. That is precisely why the Israeli authorities barred him a few days ago from entering the occupied West Bank where he was scheduled to give two lectures at Birzeit University, near Ramallah.
In an interview he gave afterwards, Mr Chomsky said the facts were clear to all, rejecting attempts by Israeli authorities to justify the incident as a misunderstanding. Mr Chomsky said he was interrogated for several hours by an Israeli officer, after which the interior ministry stamped on his passport the phrase "Denied Entry".
The 82-year-old scholar said his rejection must be attributed to two fundamental facts: first, his opinions don't sit well with the Israeli government; and second, the Israelis were disgruntled that he should give lectures at a Palestinian academic institution and snub Israeli ones.
Mr Chomsky, who is highly critical of US support for Israel, believes that Washington's double standard in favour of Israel and its constant backing of Israel's agenda will simply spell that nation's ethical downfall, leading to its self-destruction.
* Digest compiled by Achraf A El Bahi
@Email:aelbahi@thenational.ae
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PROFILE
Name: Enhance Fitness
Year started: 2018
Based: UAE
Employees: 200
Amount raised: $3m
Investors: Global Ventures and angel investors
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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.”
Company profile
Company: Verity
Date started: May 2021
Founders: Kamal Al-Samarrai, Dina Shoman and Omar Al Sharif
Based: Dubai
Sector: FinTech
Size: four team members
Stage: Intially bootstrapped but recently closed its first pre-seed round of $800,000
Investors: Wamda, VentureSouq, Beyond Capital and regional angel investors
Bawaal%20
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What is graphene?
Graphene is extracted from graphite and is made up of pure carbon.
It is 200 times more resistant than steel and five times lighter than aluminum.
It conducts electricity better than any other material at room temperature.
It is thought that graphene could boost the useful life of batteries by 10 per cent.
Graphene can also detect cancer cells in the early stages of the disease.
The material was first discovered when Andre Geim and Konstantin Novoselov were 'playing' with graphite at the University of Manchester in 2004.
Greatest Royal Rumble results
John Cena pinned Triple H in a singles match
Cedric Alexander retained the WWE Cruiserweight title against Kalisto
Matt Hardy and Bray Wyatt win the Raw Tag Team titles against Cesaro and Sheamus
Jeff Hardy retained the United States title against Jinder Mahal
Bludgeon Brothers retain the SmackDown Tag Team titles against the Usos
Seth Rollins retains the Intercontinental title against The Miz, Finn Balor and Samoa Joe
AJ Styles remains WWE World Heavyweight champion after he and Shinsuke Nakamura are both counted out
The Undertaker beats Rusev in a casket match
Brock Lesnar retains the WWE Universal title against Roman Reigns in a steel cage match
Braun Strowman won the 50-man Royal Rumble by eliminating Big Cass last
'Nope'
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THE%20SPECS
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Specs
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Sholto Byrnes on Myanmar politics
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What is Genes in Space?
Genes in Space is an annual competition first launched by the UAE Space Agency, The National and Boeing in 2015.
It challenges school pupils to design experiments to be conducted in space and it aims to encourage future talent for the UAE’s fledgling space industry. It is the first of its kind in the UAE and, as well as encouraging talent, it also aims to raise interest and awareness among the general population about space exploration.
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RESULTS
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My Country: A Syrian Memoir
Kassem Eid, Bloomsbury
Biography
Her family: She has four sons, aged 29, 27, 25 and 24 and is a grandmother-of-nine
Favourite book: Flashes of Thought by Sheikh Mohammed bin Rashid
Favourite drink: Water
Her hobbies: Reading and volunteer work
Favourite music: Classical music
Her motto: I don't wait, I initiate
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