Israeli Prime Minister Benjamin Netanyahu speaks during his visit to the Leumit Health Care Services vaccination facility in Jerusalem, 16 February 2021. EPA
Israeli Prime Minister Benjamin Netanyahu speaks during his visit to the Leumit Health Care Services vaccination facility in Jerusalem, 16 February 2021. EPA
Israeli Prime Minister Benjamin Netanyahu speaks during his visit to the Leumit Health Care Services vaccination facility in Jerusalem, 16 February 2021. EPA
Israeli Prime Minister Benjamin Netanyahu speaks during his visit to the Leumit Health Care Services vaccination facility in Jerusalem, 16 February 2021. EPA

Benjamin Netanyahu says Israeli Covid-19 vaccines are not part of Syria deal


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Israel paid Russia $1.2 million to provide the Syrian government with Covid-19 vaccines as part of a deal that secured the release of an Israeli woman held captive in Damascus, according to Israeli media reports on Sunday.

The terms of the clandestine trade-off orchestrated by Moscow between the two nations remained murky. But the fact Israel is providing vaccines to Syria – an enemy country hosting hostile Iranian forces – drew criticism at home, and stands in contrast to Israel’s refusal to provide significant quantities of vaccines to Palestinians in the West Bank and Gaza Strip.

Israeli Prime Minister Benjamin Netanyahu said Saturday “not one Israeli vaccine” was involved in the deal. He didn’t address whether Israel paid for Russian vaccines, and said Russia insisted details of the swap remain secret.

Mr Netanyahu’s office declined to comment, and many details of the agreement remained censored.

Labor Party leader Merav Michaeli called on the Knesset’s foreign affairs and defence committee to discuss the deal and Mr Netanyahu’s “political, inappropriate use of censorship.”

“Why do Israeli citizens consistently need to learn about things from foreign media that their prime minister is hiding from them?” she said on Israel’s Kan radio Sunday.

Vaccine diplomacy 

Israel announced on Friday it had reached a Russian-mediated deal to bring home a young woman who had crossed into neighbouring Syria earlier this month. In exchange, Israel said it released two Syrian shepherds who had entered Israeli territory.

Mr Netanyahu boasted that his warm ties with Russian President Vladimir Putin helped clinch the deal. His office made no mention of any agreement to pay for vaccines for Syria.

The Israeli reports said Israel paid for an undisclosed number of doses of the Sputnik V vaccine. The Russian Direct Investment Fund, which financed development of Sputnik V, said in November it will cost less than $10 per dose internationally.

The Syrian state news agency denied the deal exists.

The released 25-year-old Israeli woman returned to Israel via Moscow and was questioned by Israel’s internal security agency. She is from the predominantly ultra-Orthodox West Bank settlement of Modiin Illit and previously attempted to cross Israel’s borders with the Gaza Strip and Jordan, according to Israeli media.

The woman reportedly crossed into Syrian territory from the Golan Heights, which Israel captured in the 1967 Mideast war and annexed in 1981, a move not widely recognised internationally. Her identity and motivation for crossing into Syria were not released by Israeli officials.

Gideon Saar, a former Netanyahu ally who is running to unseat him in the coming Israeli elections, said Sunday the government’s “censorship of something that Damascus and Moscow know about, and Israeli citizens don’t, is incomprehensible.”

Israel and Syria remain in an official state of war and Israeli citizens are officially prohibited from visiting Syria.

Israel’s archenemy Iran has sent troops to support Syrian President Bashar Assad against rebel groups. Israel considers Iranian entrenchment on its northern frontier to be a red line and has carried out hundreds of air strikes on Iranian-linked facilities and suspected weapons convoys destined for the Iranian-backed Hezbollah militant group.

Israel has provided some humanitarian aid to groups unaffiliated with Assad and provided medical treatment to thousands of Syrians who reached the Golan Heights frontier.

Palestinian vaccines 

Mr Netanyahu’s reported agreement to pay for vaccines to an enemy country contrasts with his refusal to provide large quantities of vaccines to Palestinians in the West Bank and Gaza, which has drawn outcry from human rights organisations.

The disparities between Israel’s successful vaccination push with its own population and the Palestinians have drawn criticism from UN officials and rights groups and have shined a light on the inequities between rich and poor countries getting access to vaccines.

These groups contend that Israel is responsible for vaccinating the Palestinians. Israel has argued that it is not responsible for vaccinating them and that under interim peace agreements reached in the 1990s, the internationally supported Palestinian Authority must see to vaccinating its own population. Israel’s vaccination campaign has included its own Arab population.

The Palestinian Authority has not publicly asked for Israeli assistance, saying it is procuring vaccines on its own and through a World Health Organisation for poorer nations. But earlier this month, Israel agreed to share 2,000 vaccines with the Palestinians to inoculate medical workers in the West Bank.

Ahmad Tibi, a lawmaker with the Joint List of Arab parties in Israel’s Knesset, wrote on Twitter on Friday: “Must we wait for a Jewish person to cross the border with Gaza for them to deserve vaccines?”

Volvo ES90 Specs

Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)

Power: 333hp, 449hp, 680hp

Torque: 480Nm, 670Nm, 870Nm

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The struggle is on for active managers

David Einhorn closed out 2018 with his biggest annual loss ever for the 22-year-old Greenlight Capital.

The firm’s main hedge fund fell 9 per cent in December, extending this year’s decline to 34 percent, according to an investor update viewed by Bloomberg.

Greenlight posted some of the industry’s best returns in its early years, but has stumbled since losing more than 20 per cent in 2015.

Other value-investing managers have also struggled, as a decade of historically low interest rates and the rise of passive investing and quant trading pushed growth stocks past their inexpensive brethren. Three Bays Capital and SPO Partners & Co., which sought to make wagers on undervalued stocks, closed in 2018. Mr Einhorn has repeatedly expressed his frustration with the poor performance this year, while remaining steadfast in his commitment to value investing.

Greenlight, which posted gains only in May and October, underperformed both the broader market and its peers in 2018. The S&P 500 Index dropped 4.4 per cent, including dividends, while the HFRX Global Hedge Fund Index, an early indicator of industry performance, fell 7 per cent through December. 28.

At the start of the year, Greenlight managed $6.3 billion in assets, according to a regulatory filing. By May, the firm was down to $5.5bn. 

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UAE currency: the story behind the money in your pockets
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Range: 400km

Power: 134bhp

Torque: 175Nm

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COMPANY PROFILE

Company name: Letstango.com

Started: June 2013

Founder: Alex Tchablakian

Based: Dubai

Industry: e-commerce

Initial investment: Dh10 million

Investors: Self-funded

Total customers: 300,000 unique customers every month

What the law says

Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.

“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.

“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”

If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.

THE BIO

Bio Box

Role Model: Sheikh Zayed, God bless his soul

Favorite book: Zayed Biography of the leader

Favorite quote: To be or not to be, that is the question, from William Shakespeare's Hamlet

Favorite food: seafood

Favorite place to travel: Lebanon

Favorite movie: Braveheart

Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

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Chef Nobu's advice for eating sushi

“One mistake people always make is adding extra wasabi. There is no need for this, because it should already be there between the rice and the fish.
“When eating nigiri, you must dip the fish – not the rice – in soy sauce, otherwise the rice will collapse. Also, don’t use too much soy sauce or it will make you thirsty. For sushi rolls, dip a little of the rice-covered roll lightly in soy sauce and eat in one bite.
“Chopsticks are acceptable, but really, I recommend using your fingers for sushi. Do use chopsticks for sashimi, though.
“The ginger should be eaten separately as a palette cleanser and used to clear the mouth when switching between different pieces of fish.”

UAE currency: the story behind the money in your pockets
The specs

Engine: 4.0-litre V8 twin-turbocharged and three electric motors

Power: Combined output 920hp

Torque: 730Nm at 4,000-7,000rpm

Transmission: 8-speed dual-clutch automatic

Fuel consumption: 11.2L/100km

On sale: Now, deliveries expected later in 2025

Price: expected to start at Dh1,432,000

'Worse than a prison sentence'

Marie Byrne, a counsellor who volunteers at the UAE government's mental health crisis helpline, said the ordeal the crew had been through would take time to overcome.

“It was worse than a prison sentence, where at least someone can deal with a set amount of time incarcerated," she said.

“They were living in perpetual mystery as to how their futures would pan out, and what that would be.

“Because of coronavirus, the world is very different now to the one they left, that will also have an impact.

“It will not fully register until they are on dry land. Some have not seen their young children grow up while others will have to rebuild relationships.

“It will be a challenge mentally, and to find other work to support their families as they have been out of circulation for so long. Hopefully they will get the care they need when they get home.”