A protester is removed by police at Jack Lew's confirmation hearing. Reuters
A protester is removed by police at Jack Lew's confirmation hearing. Reuters
A protester is removed by police at Jack Lew's confirmation hearing. Reuters
A protester is removed by police at Jack Lew's confirmation hearing. Reuters

Joe Biden's selection for Israel ambassador faces questions over Iran nuclear deal


Ellie Sennett
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President Joe Biden's selection for ambassador to Israel, Jack Lew, told Senators at his confirmation hearing that he would work to ensure the US ally is not isolated internationally, but he faced tough questions from Republicans sceptical over his role in the 2015 nuclear deal.

At Wednesday's hearing, which was interrupted by protesters calling for a ceasefire in Gaza, Mr Lew also said he thought the October 7 Hamas attack on Israel was designed to “undermine” the US-backed push for Israel and Saudi Arabia to establish relations.

The US has not had an ambassador to Israel since Tom Nides left the post in July, leaving a hole in Washington's Middle East diplomatic presence as Israel responds to the Hamas attack and subsequent war in Gaza.

Senate Foreign Relations Committee Chairman Ben Cardin expedited Mr Lew's nomination hearing as Washington scurries to mitigate an intensifying Israel-Gaza war.

“We need someone there to reinforce the message that the United States stands shoulder to shoulder with the State of Israel in its response to the unprecedented (Hamas) terrorist attack,” said Mr Cardin.

Mr Lew, who was Treasury Secretary under Barack Obama, promised to “work to prevent other state or non-state actors from expanding this conflict to new fronts” and to “address the humanitarian crisis facing infants and millions of Gazans who are being used as human shields”.

He also vowed to continue Washington's policy of support for Israel and said he “firmly rejects” the Boycott, Divestment and Sanctions movement known as BDS.

“If confirmed, I will continue to oppose all efforts to isolate and delegitimise Israel internationally … and I will work to reinforce collective efforts to combat anti-Semitism,” said Mr Lew.

Mr Lew said he was “heartened” by humanitarian progress, as news broke during the hearing that Mr Biden and Israeli Prime Minister Benjamin Netanyahu had reached a deal opening $100 million in US humanitarian assistance for Gaza and the occupied West Bank.

Pro-ceasefire protesters identifying as Arab and Jewish repeatedly interrupted the confirmation hearing and were escorted out by police. Chants of “Stop the genocide of Palestinians,” and “Stop using (Jewish) grief” could be heard.

Republicans on the Democratic-majority committee largely stood opposed to Mr Lew's nomination, and the hearing was peppered with exchanges between the nominee and his critics.

“We need this thing filled, the problem is we need it filled with the right person,” said the committee's ranking member Jim Risch.

Conservatives grilled Mr Lew over his support of the 2015 Iran nuclear deal, which Israel strongly opposed, and accused Mr Biden's nominee of “misleading” the committee about the Iran nuclear deal negotiations during his time at the Treasury Department.

“Holding hands with Iran under the table doesn't work for me … I'm unpersuaded,” said Mr Risch, the committee's top Republican.

In the run-up to the October 7 Hamas attack, establishing ties between Saudi Arabia and Israel was at the forefront of the Biden administration's regional strategy.

“I dearly pray that we get back to that mission,” Mr Lew said.

The vote on the nomination is scheduled for next week.

How will Gen Alpha invest?

Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.

“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.

Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.

He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.

Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

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U19 WORLD CUP, WEST INDIES

UAE group fixtures (all in St Kitts)

  • Saturday 15 January: UAE beat Canada by 49 runs 
  • Thursday 20 January: v England 
  • Saturday 22 January: v Bangladesh 

UAE squad:

Alishan Sharafu (captain), Shival Bawa, Jash Giyanani, Sailles
Jaishankar, Nilansh Keswani, Aayan Khan, Punya Mehra, Ali Naseer, Ronak Panoly,
Dhruv Parashar, Vinayak Raghavan, Soorya Sathish, Aryansh Sharma, Adithya
Shetty, Kai Smith  

Updated: October 18, 2023, 6:17 PM