As Russia takes on an increasingly active role in the Middle East, it appears to have found a new intractable goal to tackle: brokering Palestinian unity.
Moscow is hosting three days of talks between Palestinian political factions starting on Monday, with the aim of giving the groups an opportunity to discuss obstacles to “restoring unity in the Palestinian ranks”.
Russia’s Foreign Ministry specifically named the main Palestinian groups, Fatah and Hamas, in their statement confirming the meetings which began on Monday. The two factions have been at odds since 2007 when Hamas violently wrested control of the Gaza Strip.
Hamas says the Palestinian Authority, which is run by Fatah, should pay the salaries of public servants in the Gaza Strip who were appointed after the rift. Meanwhile, Fatah insists that Hamas dissolve its military wing, saying that the Palestinian Authority can legitimately bear arms.
The venue for the talks is the Institute of Oriental Studies, where Palestinian President Mahmoud Abbas was a doctoral student. KGB documents made public in 2016 suggest that Mr Abbas may have been recruited as Soviet agent during his stint in Moscow, but the Palestinians deny this, calling it an Israeli smear.
His rival, Hamas leader Ismail Haniyeh was due to visit Moscow in January, but his visit was postponed just days in advance. This time around, the participation of the main groups including Islamic Jihad was confirmed by the Palestinian Embassy in Russia on Monday.
An embassy spokesperson added that the Palestinian delegates would be received by Russian Foreign Minister Sergei Lavrov on Tuesday. According to Palestinian state-run media, Russia’s Deputy Foreign Minister Mikhail Bogdanov met briefly with Fatah officials before the talks began.
Despite hosting the conference, Russia’s ability to bring the sides together is limited, observers say, adding that the factions invited to the talks have their own reasons for participating.
Ghaith Al-Omari, a senior fellow at the Washington Institute, says both Fatah and Hamas, the only participants with real clout, are coming to Moscow for tactical reasons and have no intention of making any substantive moves.
"Hamas, which craves international recognition, will argue to its public that its presence in Moscow shows that it is no longer isolated," Mr Al-Omari told The National. "For Fatah, participating in the talks will allow it to argue to its public that it is engaged in reconciliation."
“Nothing much will be achieved in the coming three days,” he added.
The talks in Moscow come just one week after the Kremlin hosted representatives from the Taliban and opposition Afghan officials. On Thursday, Russian President Vladimir Putin will host his Iranian and Turkish counterparts as part of efforts to bring about a resolution to the conflict in Syria.
For Russia, which has played an increasingly dominant role in the Middle East in recent years, hosting talks on Palestinian unity is another opportunity to showcase its ability to speak to both sides of any conflict, analysts said.
“Russia wants to demonstrate again and again that it can negotiate with everyone,” said Anton Mardasov, a Russian Middle East analyst. “Today, with Israel, tomorrow with Hamas, the day after, with Egypt and Qatar.”
Mr Mardasov said Russia may be shoring up its position with Palestinian leaders in advance of the US plans to unveil its strategy to end the Israeli-Palestinian conflict. US President Donald Trump is reportedly planning on announcing his “deal of the century” after Israeli elections in April.
Russia has repeatedly said it is prepared to host Israeli-Palestinian talks. And Mr Abbas, who most recently visited Moscow in July last year, told Russian state-run media in February that he is prepared to meet with Israeli Prime Minister Benjamin Netanyahu in talks brokered by Russia.
“We're talking here about the fact that the United States cannot be the only mediator,” he said. “We trust President Putin, and we're ready to accept his invitation at any time.”
Palestinian officials are calling on the leaders of Arab countries to boycott a conference addressing Middle East stability organised by the United States beginning in Poland this week. The chief Palestinian organiser Saeb Erekat has said: “We are not going to attend this conference and reiterate that we have not mandated anyone to talk on behalf of Palestine."
MATCH INFO
Karnatake Tuskers 114-1 (10 ovs)
Charles 57, Amla 47
Bangla Tigers 117-5 (8.5 ovs)
Fletcher 40, Moores 28 no, Lamichhane 2-9
Bangla Tiger win by five wickets
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Louis Tomlinson
3 out of 5 stars
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PROFILE OF SWVL
Started: April 2017
Founders: Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh
Based: Cairo, Egypt
Sector: transport
Size: 450 employees
Investment: approximately $80 million
Investors include: Dubai’s Beco Capital, US’s Endeavor Catalyst, China’s MSA, Egypt’s Sawari Ventures, Sweden’s Vostok New Ventures, Property Finder CEO Michael Lahyani
The years Ramadan fell in May
Pari
Produced by: Clean Slate Films (Anushka Sharma, Karnesh Sharma) & KriArj Entertainment
Director: Prosit Roy
Starring: Anushka Sharma, Parambrata Chattopadhyay, Ritabhari Chakraborty, Rajat Kapoor, Mansi Multani
Three stars
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.”
Libya's Gold
UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves.
The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.
Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.
A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.
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Killing of Qassem Suleimani
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Uefa Nations League
League A:
Germany, Portugal, Belgium, Spain, France, England, Switzerland, Italy, Poland, Iceland, Croatia, Netherlands
League B:
Austria, Wales, Russia, Slovakia, Sweden, Ukraine, Republic of Ireland, Bosnia-Herzegovina, Northern Ireland, Denmark, Czech Republic, Turkey
League C:
Hungary, Romania, Scotland, Slovenia, Greece, Serbia, Albania, Norway, Montenegro, Israel, Bulgaria, Finland, Cyprus, Estonia, Lithuania
League D:
Azerbaijan, Macedonia, Belarus, Georgia, Armenia, Latvia, Faroe Islands, Luxembourg, Kazakhstan, Moldova, Liechtenstein, Malta, Andorra, Kosovo, San Marino, Gibraltar
Results
Female 49kg: Mayssa Bastos (BRA) bt Thamires Aquino (BRA); points 0-0 (advantage points points 1-0).
Female 55kg: Bianca Basilio (BRA) bt Amal Amjahid (BEL); points 4-2.
Female 62kg: Beatriz Mesquita (BRA) v Ffion Davies (GBR); 10-2.
Female 70kg: Thamara Silva (BRA) bt Alessandra Moss (AUS); submission.
Female 90kg: Gabreili Passanha (BRA) bt Claire-France Thevenon (FRA); submission.
Male 56kg: Hiago George (BRA) bt Carlos Alberto da Silva (BRA); 2-2 (2-0)
Male 62kg: Gabriel de Sousa (BRA) bt Joao Miyao (BRA); 2-2 (2-1)
Male 69kg: Paulo Miyao (BRA) bt Isaac Doederlein (USA); 2-2 (2-2) Ref decision.
Male 77kg: Tommy Langarkar (NOR) by Oliver Lovell (GBR); submission.
Male 85kg: Rudson Mateus Teles (BRA) bt Faisal Al Ketbi (UAE); 2-2 (1-1) Ref decision.
Male 94kg: Kaynan Duarte (BRA) bt Adam Wardzinski (POL); submission.
Male 110kg: Joao Rocha (BRA) bt Yahia Mansoor Al Hammadi (UAE); submission.
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Fuel consumption: 19.6 l/100km
Price: Dh380,000
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Second Test
In Dubai
Pakistan 418-5 (declared)
New Zealand 90 and 131-2 (follow on)
Day 3: New Zealand trail by 197 runs with 8 wickets remaining
Killing of Qassem Suleimani