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A humanitarian truce in Gaza may give momentum to debates about Israel and Palestine’s shared future among British-Jewish organisations advocating a two-state solution.
Hannah Weisfeld, director of Yachad, feared that talking about peace sounded “naive” in the aftermath of the October 7 attack, but in the past month her organisation has kick-started efforts to empower moderate Israeli voices and have them heard in British-Jewish circles.
“A lot of extremism is being heard, we think people need to hear voices that are moderate but also talking about the future, and looking at the day after the war, and voices for change,” said Danielle Bett, Yachad’s communications director.
Marginalised by war, these voices may begin to gain more traction as hostages begin to be released. A four-day pause in the fighting between Israel and Hamas in the Gaza Strip began at 7am local time on Friday that allows the release of dozens of Israeli hostages and Palestinians detained in Israel.
Ms Weisfeld said the truce must be “leveraged long-term, sustainable ceasefire, and an end to the ongoing war” in a statement on Friday.
By combining the emotional attachment that many British Jews have for Israel with the call for a resolution to the decades-long conflict, organisations like Yachad have been able to influence mainstream thinking on Israel and Palestine.
Yachad has pressed the UK government to do more to hold Israel accountable for its actions, and to push towards a two-state solution. The UK has reiterated its commitment to the peace process, and voted in favour of a UN motion which deemed Israeli settlements illegal.
But this response has so far been “not good enough”, Ms Bett added. “They haven’t said they recognise the Palestinian state,” she said. “[The UK] hasn’t done anything to pressure Israel, which is the stronger and more stable state, in implementing its two-state solution.”
Without this, the UK’s policy on Israel risked being reduced to “visits, discussions and statements”. “In the short term we want the international community to work towards managing the war, and stopping it from erupting into a regional conflict. We have to start thinking about what happens when the fighting ends,” said Ms Bett.
“The international community puts out statements and holds prayers, but this isn’t enough. Forms of peace process are being neglected and the international community has a role to play.”
Their words echo those of Israeli historian Noah Yuval Harari, who in the week after the attack urged the international community to “help maintain a space for peace … because we cannot hold it right now”.
In the days after the war, the UK-based New Israel Fund launched an emergency appeal to support villages attacked by Hamas, but also to prevent violence in Israel's mixed cities.
Among the voices calling for peace is Magen Inon, a London-based Israeli whose parents were killed by Hamas, and who has become a leading voice for promoting coexistence in Israel.
Speaking to a packed auditorium at a Jewish cultural centre in London in November, Inon described how his family had enjoyed good relations with Bedouins and Palestinians living in Israel as citizens.
But this coexistence is now threatened. Some of Inon’s Palestinian friends living in northern Israel were too scared to drive south for Inon’s condolences, fearing for their safety, he recalled.
His priority was to restore “the shared life within” Israel’s borders, though it may be “too early” to talk about reviving a dialogue between communities on the southern border and Palestinians in Gaza.
“It’s already quite difficult to maintain those ties within Israel. I hope that one day we can dialogue with the other side of the border,” he said.
British rabbis had come together to think about their Jewish values, and how these can guide their understanding of the conflict.
Together they drafted a statement, highlighting their commitment to a two-state solution. While it stressed Israel’s right to defend itself, it also called on the country’s leadership to do so within “the laws of war” – “which place clear limits on what harm can be done to civilians”.
The letter was signed by leading rabbis and thought leaders, and received over 2,000 signatures within a week of publication.
Rabbi Jeremy Gordon, of the New London Liberal Synagogue, is one of the statement’s co-authors. He urged the British political leadership to “make the case that the ultimate future of the region has to be a shared vision based on stability”.
Over the past month, he has spoken and taken part in vigils in London, with a message directed at “anybody” who could help the release of hostages. “The hostages must be released. It is appalling that these people are being held and they must be released immediately,” he said.
While he “understands” the call for a ceasefire, he does not call for it himself. “It leaves Hamas on the southern border ready and articulately committed to doing this again. That cannot be left in place. No country would ever accept that,” he said.
Others have taken a more critical stance on Israel's war in Gaza and are actively calling for a ceasefire. Among these are the British collective Na'amod, which was formed in 2019 and brings together a broad spectrum of views from the Jewish left.
Since the attack, members of Na’amod have sought to balance grief for Israel’s loss and the plight of the hostages, while also speaking out against Israel’s war in Gaza.
“It’s a different kind of movement now, a much more fraught struggle. We’re trying to be active but also sensitive because people are grieving,” said London-based filmmaker Lia ten Brink, a campaigner with Na'amod.
Ms ten Brink helped to organise a vigil marking 30 days since 1,200 Israelis were killed by the Hamas attack, which also commemorated Palestinians killed in Gaza and the West Bank. Of the 200 people who attended, she believed that around 40 people had lost someone they knew. “We organised a vigil because some people have felt too overwhelmed to join protests,” she said.
Some of Na’amod’s members have also joined the Palestine marches, where the organisation is part of a Jewish bloc. “The call for a ceasefire is not just humanitarian, it’s a political position. We don’t believe that you can defeat an ideology through the barrel of a gun,” Ms ten Brink said.
She fears that the continuing war will not achieve its objectives and only fuel radicalisation. “Hamas is a political idea. It’s a mistake to equate its physical destruction [in Gaza] to the end of the movement,” she said.
Activists on the left are also having to grapple with the rifts that have emerged in the wider movement’s response to the October 7th attacks.
“We campaign against the occupation and apartheid in Israel-Palestine out of a commitment to the universality of human rights and equality. For us, that has meant being as robust in our criticism of Hamas’ atrocities against civilians as the Israeli state’s,” she said.
One UK-based activist spoke of a disappointment as some critics of Israel's occupation appeared to disregard the casualties of October 7.
“The downplaying of the Hamas attacks was a fringe response but it was disturbing. It left the Israeli anti-apartheid movement feeling isolated,” they said.
But the extent to which they can influence the British government’s thinking may have its limits, with both the ruling party and opposition supporting Israel’s war in Gaza.
This is further complicated by the rise in anti-Semitic incidents in the UK, which rose 14-fold in the first month following October 7.
“Calling for a ceasefire or for peace process, is much harder when there is the issue of anti-Semitism,” said Prof Yossi Mekelberg, associate fellow at Chatham House.
“There’s no constituency for now. It is not about supporting the war against Hamas, but accepting the civilian death toll it exacts.”
Daniel Levy, one of the founders of the US Jewish peace movement J-Street, said the UK was a “different political terrain”, owing partly to the size of the community.
Internal politics played a key role in shaping the opposition’s current stance on Israel. Labour leader Keir Starmer has sought to distinguish himself from his predecessor Jeremy Corbyn, who took a pro-Palestinian stance but was accused of being soft on anti-Semitism within his party.
“You can only understand it in the context of a post-Corbyn Labour party turmoil. This also influences how the Conservative party does its politics. They see the divisions in Labour as something they can play with,” said Mr Levy.
But differing views among the Jewish peace groups in the UK could help shape Labour’s future policy.
“This where the different Yachad and Na’amod positions can come in to give more space for Labour to develop its position, move closer to what is the correct place to be, and move further away from the government,” Mr Levy said.
Yet the war risks leaving the debate could “even more polarised”, Prof Mekelberg feared.
“Some people will say security cannot be achieved through blockade and occupation, others will say the only way is to hit them as hard as possible,” he said.
“It will be a long road; we’ve reached such a low point. But we should start it.”
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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