Pope Benedict XVI sets free a dove from the window of his apartment in St Peter's Square at the Vatican. The pontiff has revoked the excommunication of four bishops ordained in 1988 by the ultraconservative French archbishop Marcel Lefebvre.
Pope Benedict XVI sets free a dove from the window of his apartment in St Peter's Square at the Vatican. The pontiff has revoked the excommunication of four bishops ordained in 1988 by the ultraconserShow more

Pardon imperils papal visit to Israel



TEL AVIV // The Vatican's recent rehabilitation of an excommunicated bishop who denies the Holocaust occurred has infuriated many Jewish groups and appears to be further clouding prospects of a visit to Israel by Pope Benedict XVI in May.

In a controversial decision last week, Pope Benedict revoked the excommunication of four bishops, including Richard Williamson, a British-born cleric who has denied that six million Jews were exterminated during the Second World War. The four men were removed from the church by Pope Benedict's predecessor in 1988 after they were consecrated without papal permission by Marcel Lefebvre, an ultraconservative French archbishop now dead.

For the Vatican, the rehabilitation of the four bishops was a way to reconcile with the ultra-orthodox Society of St Pius X, which was founded by Lefebvre in 1969 after he rebelled against the liberal reforms of the Second Vatican Council. The bishops' legal status within the church has yet to be determined. The rehabilitation of the men set off controversy because it coincided with comments broadcast this month in a Swedish state TV interview with Mr Williamson, in which he said historical evidence "is hugely against six million having been deliberately gassed in gas chambers as a deliberate policy of Adolf Hitler". He added that the "most serious" revisionists have concluded that "between 200,000 to 300,000 perished in Nazi concentration camps, but not one of them by gassing in a gas chamber".

The Vatican has said Mr Williamson's statements and the bishops' rehabilitation are "absolutely unrelated" and that the pope does not share Mr Williamson's views. On Monday, the Vatican newspaper L'Osservatore Romano said in a front-page article that Mr Williamson's comments were "unacceptable" and reiterated that Pope Benedict opposed all forms of anti-Semitism. Nevertheless, the rehabilitation of the bishops, meant as a way to heal the rift within the Catholic Church, threatens to strain the Vatican's relations with Jewish groups. The timing of the pope's decision appears to have exacerbated the controversy because the lifting of the excommunication occurred just days before Jews marked International Holocaust Remembrance Day yesterday.

Jewish organisations, including the American Jewish Committee, the Simon Wiesenthal Center, Israel's quasi-governmental Jewish Agency and the Yad Vashem authority, which manages the Holocaust museum in Jerusalem, condemned the Vatican for embracing a Holocaust denier. The Jerusalem Post, a right-wing newspaper in Israel, this week referred to the pope's decision as "injudicious and perverse". In an editorial, the newspaper called "for an immediate three-month moratorium on substantive contacts between the organised Jewish community and the Vatican. During this period, Israel's ambassador to the Holy See should be recalled to Jerusalem for consultations".

However, a spokesman for Israel's foreign ministry, Aviv Shir-On, yesterday said that although it is "regrettable" that Mr Williamson did not retract the statements he made on the Holocaust, Israel "does not see any connection between the issues, and [the restoration of the men to the Church] won't jeopardise the pope's visit in Israel." Israel established diplomatic ties with the Vatican in the early 1990s, but unresolved issues, including the status of expropriated church property and permits for Arab Christian clergy travelling to and around the West Bank, may have prevented a papal visit in recent years. The last such visit was in March 2000, when John Paul II came for a five-day pilgrimage to Christian sites in Jerusalem, Nazareth and the West Bank town of Bethlehem.

Some Vatican officials have played down the effect of the lifted excommunications on a possible trip to Israel by the pope, and indicated that events such as Israel's 22-day onslaught in the Gaza Strip may play a bigger role in delaying it. Cardinal Renato Martino, the president of the Pontifical Council for Justice and Peace, was quoted by an online Italian newspaper this month as saying that the Palestinian enclave increasingly resembles "a big concentration camp".

Furthermore, Cardinal Walter Kasper, in charge of the Vatican's relations with Jews, told another Italian daily this week that the papal trip could be "complicated" by the effects of the Gaza attacks. "No decision has been taken yet, and the programme has not been set. It depends on how the situation develops on the ground," he said, adding that "the situation must be calm" for the visit. Yesterday, in an attempt to highlight Pope Benedict's stance on the Holocaust, Vatican Radio aired a lengthy programme to mark Holocaust remembrance day. It also recalled his 2006 visit to Auschwitz, his 2005 visit to the main synagogue in Cologne, Germany, and other remarks over the years in which he has denounced the "insane, racist ideology" that produced the Holocaust, according to the Associated Press.

In September, the German-born Pope Benedict paid tribute to Pius XII, who was pontiff from 1939 to 1958, at a mass marking the 50th anniversary of his death and stated he would like to have him beatified, a step that would place him on the path to sainthood. The announcement sparked uproar in Israel and among many Jewish groups, which criticised Pius for failing to speak out during the Nazi persecution of the Jews during the Second World War.

vbekker@thenational.ae

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How to join and use Abu Dhabi’s public libraries

• There are six libraries in Abu Dhabi emirate run by the Department of Culture and Tourism, including one in Al Ain and Al Dhafra.

• Libraries are free to visit and visitors can consult books, use online resources and study there. Most are open from 8am to 8pm on weekdays, closed on Fridays and have variable hours on Saturdays, except for Qasr Al Watan which is open from 10am to 8pm every day.

• In order to borrow books, visitors must join the service by providing a passport photograph, Emirates ID and a refundable deposit of Dh400. Members can borrow five books for three weeks, all of which are renewable up to two times online.

• If users do not wish to pay the fee, they can still use the library’s electronic resources for free by simply registering on the website. Once registered, a username and password is provided, allowing remote access.

• For more information visit the library network's website.

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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.”

The 12 Syrian entities delisted by UK 

Ministry of Interior
Ministry of Defence
General Intelligence Directorate
Air Force Intelligence Agency
Political Security Directorate
Syrian National Security Bureau
Military Intelligence Directorate
Army Supply Bureau
General Organisation of Radio and TV
Al Watan newspaper
Cham Press TV
Sama TV

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If you go...

Fly from Dubai or Abu Dhabi to Chiang Mai in Thailand, via Bangkok, before taking a five-hour bus ride across the Laos border to Huay Xai. The land border crossing at Huay Xai is a well-trodden route, meaning entry is swift, though travellers should be aware of visa requirements for both countries.

Flights from Dubai start at Dh4,000 return with Emirates, while Etihad flights from Abu Dhabi start at Dh2,000. Local buses can be booked in Chiang Mai from around Dh50

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)

At a glance

Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.

 

Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year

 

Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month

 

Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30 

 

Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse

 

Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth

 

Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances