Palestinians hurl stones after their village near Nablus was attacked by Israeli settlers.
Palestinians hurl stones after their village near Nablus was attacked by Israeli settlers.
Palestinians hurl stones after their village near Nablus was attacked by Israeli settlers.
Palestinians hurl stones after their village near Nablus was attacked by Israeli settlers.

Settler violence flares in West Bank


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RAMALLAH // Settler violence in occupied territory has resurfaced in recent days, even as pressure is growing on Palestinians to start direct negotiations, regardless of any extension to a partial Israeli settlement construction freeze currently in force. On Monday, settlers from the far-right Yitzhar settlement near Nablus ran amok in Burin, a Palestinian village in the area, burning fields and shooting at villagers. Palestinians responded by throwing rocks at the settlers, injuring four. Two villagers were also hurt in the clashes before the Israeli military intervened.

Should the Israeli government indicate an extension to its partial settlement construction freeze, more settler violence can be expected. Observers say, however, that for now the settler unrest will possibly remain limited but that the Israeli authorities' handling of settler violence and incitement highlight the different legal standards applied to Jewish settlers and Palestinians. The violence on Monday came in response to the demolition by the Israeli army of a few structures built in so-called settlement outposts, settlements established without direct government assistance. The demolitions came after US pressure on the Israeli government to enforce its own laws, which deem such outposts illegal. Among the structures were a stable and a shack. Settler leaders have vowed to rebuild them.

A week earlier Israeli bulldozers levelled 74 structures, home to more than 100 Palestinians, in the Jordan Valley, and 10 other structures near Ramallah, displacing 80 people. "There is no comparison between demolitions in settlements and on the Palestinian side," said Dror Etkes, an Israeli settlement expert based in Tel Aviv. "The demolitions of a few structures in Yitzhar are done in the hope to create the impression that there is a symmetric law enforcement on illegal Israeli construction in the West Bank and illegal Palestinian construction. This is very far from the truth."

Home demolitions and settlement construction remain one of the main obstacles in the way of moving a faltering peace process between Palestinians and Israelis from indirect to direct negotiations. But international pressure appears to be growing on the Palestinian leadership to accept direct negotiations even without any guarantee that a partial settlement construction freeze announced in 2009 and that runs out in September will be extended.

In the wake of last year's settlement slow-down announcement, settler leaders devised the so-called price-tag policy, targeting Palestinians and their property in response to any government action perceived as being against their interests. Settler riots, such as those seen on Monday, serve to support the Israeli government's position that curtailing settlement construction without progress in negotiations would exact too high a price, said Mr Etkes, but are in reality no more than a "photo op". "There are 5,000 structures in settlements in the West Bank that have standing demolition orders. There will not be 5,000 demolitions in the next year or the next 10."

Yesterday, Israeli media reports indicated that the military was preparing to demolish a Jewish seminary in Yitzhar. But a spokesman for the Israeli Civil Authority, the Israeli government body that runs civilian affairs in occupied territory, said the order was unlikely to be carried out in the near future and conceded that the yeshiva in question had been under demolition orders for 11 years. The seminary, the Od Yosef Hai Yeshiva, is run by Rabbi Yitzhak Shapira. On Tuesday, Israeli police briefly detained Rabbi Shapira, who has been accused of inciting to violence, having written that it is legal under Jewish law to kill non-Jews who threaten Israel.

That provision, according to Rabbi Shapira, also extends to children. "There is justification in harming infants if it is clear that they will grow up to harm us. Under such circumstances, the blow can be directed at them and not only by targeting adults," he wrote. His arrest and quick release contrasts starkly with the processing of Palestinian detainees. Palestinians in occupied territory live under Israeli military law and can be held without trial for three months, a period of "administrative detention" that can be extended several times. Military courts also allow for secret evidence, in which defence lawyers have little or no access to witnesses. Israelis are arrested and tried under civil law, with its presumption of innocence.

Palestinians, therefore, remain sceptical that, beyond a few isolated examples, there is any real friction between settlers and the authorities. Observers have questioned why it took the army so long to quell the settler unrest in Burin, and activists speak of growing collusion, rather than tension, between settlers and the Israeli army. "There have been areas of friction between the army and settlers," said Issa Samander, of the Popular Resistance Committees, a grassroots organisation that offers advice to Palestinians on how to deal with settlement-related issues. "But there is very good cooperation between the highest levels of the Israeli government and the settlement movement."

@Email:okarmi@thenational.ae

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Another way to earn air miles

In addition to the Emirates and Etihad programmes, there is the Air Miles Middle East card, which offers members the ability to choose any airline, has no black-out dates and no restrictions on seat availability. Air Miles is linked up to HSBC credit cards and can also be earned through retail partners such as Spinneys, Sharaf DG and The Toy Store.

An Emirates Dubai-London round-trip ticket costs 180,000 miles on the Air Miles website. But customers earn these ‘miles’ at a much faster rate than airline miles. Adidas offers two air miles per Dh1 spent. Air Miles has partnerships with websites as well, so booking.com and agoda.com offer three miles per Dh1 spent.

“If you use your HSBC credit card when shopping at our partners, you are able to earn Air Miles twice which will mean you can get that flight reward faster and for less spend,” says Paul Lacey, the managing director for Europe, Middle East and India for Aimia, which owns and operates Air Miles Middle East.

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.”