According to Hafez al Barghouthi in the Emirati newspaper al Bayan, the Kadima Party leader, Tzipi Livni, denied that the Israeli prime minister, Benjamin Netanyahu, has ever agreed to the two-state solution.
Ms Livni said something to the effect that "Mr Netanyahu knew what the world wanted for him to say, so he said it; he does not believe in it, he is against the establishment of a Palestinian state, even if it is de-weaponised."
Livni's statements contradict those who may consider that Netanyahu's sheer utterance of the phrase "Palestinian state" is a move closer towards the resumption of Palestinian-Israeli peace talks.
In fact, the US administration and Europe are about to slip into "the Israeli trap", as both sides have started pressuring the Palestinians into announcing a readiness to resume negotiations without preset goals, brushing aside the range of Israel's preconditions: Palestinians must recognise Israel as a Jewish state, with Jerusalem as its unconditional capital, while the refugees issue must be dealt with away from Israel, "as if it had originally been caused by someone else", Mr Barghouthi wrote. "Those privy to the essence of the religious, nationalistic ideology of the parties in Netanyahu's cabinet would know that they are all categorically hostile to a Palestinian state."
In a comment piece in the London-based daily Asharq al Awsat, Bilal al Hassan wrote that the inter-Palestinian dialogue currently held in Cairo under Egyptian supervision has become quite a perplexing matter.
Three defeatist views try to account for this situation but must be reversed. First, there is the assertion that the Palestinian divisions actually stem from a wider rift between the Arab world and Iran; the former, represented by Fatah, being in favour of negotiations with Israel, and the latter, embodied by Hamas, championing resistance.
But, within Fatah itself there are pro-resistance groups, the author argued. Likewise, though Hamas firmly upholds resistance, it does not indiscriminately dismiss diplomatic solutions and maintains strong alliances with major Arab states.
Second, there is the argument that Arab and international solidarity with the Palestinian cause is losing momentum as the internal strife between the Palestinian factions is turning violent. And third, there is the claim that future generations of Arabs will tire of the Palestinian cause and start prioritising economic development in their own countries.
Though partially accurate, these claims should be countered by Arabs and Palestinians, the writer suggested.
Over the last two years, Arab Islamist parties have lost significant ground in Jordan, Morocco, Kuwait and Lebanon, but this is no indication of the structural deterioration of political Islam, commented Khaled al Hroub in the pan-Arab daily Al Hayat.
"Islamist political movements will always be part of the Arab political scene, but their size and momentum will probably shrink in proportion to their shortage of concrete programmes to carry their promises through," he said.
The phenomenal surge of Islamist parties over the last few decades can be ascribed to three major factors: the exploitation of religious mottos cherished by the masses, the failure of other ideologies to capitalise on the emergence of the "independent modern state" and the constant popular resentment of the West for its passivity towards the Palestinian cause.
But this much can be learnt from the contemporary experience of political Islam: it has good chances of generating younger, moderate leaders who, aware of past fiascos, will work to bridge the gap between theory and reality; its "fundamentalist" forms are growing just as much as they are disappearing but these movements can no longer claim that they never had "the right opportunity".
Israel's deep discontent over the meeting of the French foreign minister, Bernard Kouchner, with a Hizbollah parliamentarian, Nawaf al Mousawi, in Lebanon last Friday did not come as a surprise, commented Mazzen Hammad in the Qatari daily Al Watan.
Even if Hizbollah has always championed resistance in defending Lebanon against Israel's attacks to make up for a quasi-absent Lebanese national army, the party has nonetheless reacted positively to western initiatives to turn a new page in diplomatic relations.
"Mr Kouchner was right when, responding to criticism, he said that Hizbollah is part of Lebanon's political formation, and it is natural to meet with the party's MPs," the writer said.
Moreover, the mature stance of the opposition, led by Hizbollah, following their loss in the June parliamentary elections, did not only encourage western countries to open dialogue with the opposition but it also reinforced the principles of active, multiparty democracy in Lebanon.
"Now, in view of this European openness to Hizbollah, the US must cancel the Israeli 'veto', and start a dialogue with the party," the writer concluded.
* Digest compiled by Achraf A el Bahi
aelbahi@thenational.ae
Why it pays to compare
A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.
Route 1: bank transfer
The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.
Total cost: Dh567.25 - around 2.9 per cent of the total amount
Total received: €4,670.30
Route 2: online platform
The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.
Total cost: Dh74.10, around 0.4 per cent of the transaction
Total received: €4,756
The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.
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Fixtures
Tuesday - 5.15pm: Team Lebanon v Alger Corsaires; 8.30pm: Abu Dhabi Storms v Pharaohs
Wednesday - 5.15pm: Pharaohs v Carthage Eagles; 8.30pm: Alger Corsaires v Abu Dhabi Storms
Thursday - 4.30pm: Team Lebanon v Pharaohs; 7.30pm: Abu Dhabi Storms v Carthage Eagles
Friday - 4.30pm: Pharaohs v Alger Corsaires; 7.30pm: Carthage Eagles v Team Lebanon
Saturday - 4.30pm: Carthage Eagles v Alger Corsaires; 7.30pm: Abu Dhabi Storms v Team Lebanon
MATCH INFO
Euro 2020 qualifier
Fixture: Liechtenstein v Italy, Tuesday, 10.45pm (UAE)
TV: Match is shown on BeIN Sports
Company%20Profile
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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.”
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Innotech Profile
Date started: 2013
Founder/CEO: Othman Al Mandhari
Based: Muscat, Oman
Sector: Additive manufacturing, 3D printing technologies
Size: 15 full-time employees
Stage: Seed stage and seeking Series A round of financing
Investors: Oman Technology Fund from 2017 to 2019, exited through an agreement with a new investor to secure new funding that it under negotiation right now.
EPL's youngest
- Ethan Nwaneri (Arsenal)
15 years, 181 days old
- Max Dowman (Arsenal)
15 years, 235 days old
- Jeremy Monga (Leicester)
15 years, 271 days old
- Harvey Elliott (Fulham)
16 years, 30 days old
- Matthew Briggs (Fulham)
16 years, 68 days old
Last-16 Europa League fixtures
Wednesday (Kick-offs UAE)
FC Copenhagen (0) v Istanbul Basaksehir (1) 8.55pm
Shakhtar Donetsk (2) v Wolfsburg (1) 8.55pm
Inter Milan v Getafe (one leg only) 11pm
Manchester United (5) v LASK (0) 11pm
Thursday
Bayer Leverkusen (3) v Rangers (1) 8.55pm
Sevilla v Roma (one leg only) 8.55pm
FC Basel (3) v Eintracht Frankfurt (0) 11pm
Wolves (1) Olympiakos (1) 11pm
COMPANY%20PROFILE
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The specs: 2018 BMW X2 and X3
Price, as tested: Dh255,150 (X2); Dh383,250 (X3)
Engine: 2.0-litre turbocharged inline four-cylinder (X2); 3.0-litre twin-turbo inline six-cylinder (X3)
Power 192hp @ 5,000rpm (X2); 355hp @ 5,500rpm (X3)
Torque: 280Nm @ 1,350rpm (X2); 500Nm @ 1,520rpm (X3)
Transmission: Seven-speed automatic (X2); Eight-speed automatic (X3)
Fuel consumption, combined: 5.7L / 100km (X2); 8.3L / 100km (X3)
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How much do leading UAE’s UK curriculum schools charge for Year 6?
- Nord Anglia International School (Dubai) – Dh85,032
- Kings School Al Barsha (Dubai) – Dh71,905
- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
*Annual tuition fees covering the 2024/2025 academic year
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