The infamous two-state solution is dead for all intents and purposes. EPA
The infamous two-state solution is dead for all intents and purposes. EPA

Palestinian rage will rise to the surface in time



It is tempting to interpret the announcement of a delay, however brief, in US vice president Mike Pence's visit to the Middle East this week as the ultimate travel warning. It follows an eruption of regional unrest over Donald Trump's recognition of Jerusalem as Israel's capital.

On Friday, during protests, Israeli occupation forces killed four Palestinians and injured more than 250.

US officials, however, are not worried about the safety of Mr Pence, who is due in Israel on Wednesday. In fact, predictions of a third Palestinian uprising in response to Mr Trump's Jerusalem declaration may be premature.

After decades of flagrant US bias towards Israel, Mr Trump has only confirmed to Palestinians what they already knew. Some even grudgingly welcomed his candour. They hope he has finally silenced US claims to being an “honest broker” in an interminable “peace process” that has simply bought time for Israel to entrench the occupation.

The Palestinians’ anger towards Israel and the US is a slow-burning fuse. It will detonate at a moment of their choosing, not of Mr Trump’s.

Rather, the hesitation in Washington over the vice president’s visit reflects the messy new diplomatic reality that the White House has unleashed.

Mr Pence was due here to smooth the path to Mr Trump’s long-promised peace plan and to highlight the plight of Christians in the Middle East. The door has now been firmly shut in his face on both counts. Palestinian officials have declared a boycott, as have Christian leaders in Palestine and Egypt.

Instead of cancelling Mr Pence’s visit or exploiting the extra days’ breathing space to try to reverse the damage, the bull-headed Trump administration is eager to break more of the china.

Following the diplomatic precedent set in May by his boss, Mr Pence is scheduled to visit the Western Wall on Wednesday night in Jerusalem’s occupied Old City and immediately below the Al Aqsa mosque plaza.

Described as “official”, his visit will be invested with far graver symbolism following Mr Trump’s designation of Jerusalem as Israel’s capital.

The US policy change on Jerusalem has been a hammer blow to the three main pillars supporting the cause of Palestinian statehood: the Palestinian Authority, the European Union and the Arab states.

___________________

Read more on Jerusalem in Opinion

___________________

The biggest loser is Palestinian president Mahmoud Abbas. Washington stripped him of his emperor’s clothes: he now heads a Palestinian government-in-waiting that is unlikely ever to be attached to a state, viable or otherwise.

The Arab states, which assumed they were the key to a much-touted “outside-in” strategy, creating a regional framework for peace, have been deprived of the single issue – Jerusalem – that matters most to them.

Egypt scrambled to help Mr Abbas at the weekend by drafting a UN security resolution to rescind any change of status for Jerusalem. But an inevitable US veto makes the move moot.

And Europe, which has played “good cop” to the bullying US one, has been exposed as complicit in its partner’s rogue behaviour.

Europe’s predicament is underscored by its peace-making rhetoric. It has long cried wolf, warning that a moment would soon arrive when a two-state solution was no longer feasible, when a temporary occupation morphed into permanent apartheid.

Now that the heart of a Palestinian state has been publicly devoured by the wolf, what will Europe and Mr Abbas do?

The signs are that they will pretend nothing has changed – if only, out of fear of what might fill the void if peace-making were exposed as a hollow charade.

But it is precisely the pretence of a peace process that has kept Palestinians chained to an illusion. The perpetuation of false hope about statehood does not benefit Palestinians; it preserves a calm that aids Israel.

That was why the White House accused Mr Abbas of walking away from dialogue last week. But only a fool keeps on appealing to the better nature of a deaf thug.

The burden now falls on the PA, the Arab states and Europe to accept the new reality, and assert a policy independent of the US.

______________________

Read more from Opinion

______________________

Some Palestinian leaders, like Hanan Ashrawi, already understand this. “Trump's move is a new era," she said last week. "There's no going back."

Palestinian goals and strategies must be reassessed. Nonetheless, the pressures for a return to the “peace” business as usual will be intense.

Ordinary Palestinians in Jerusalem may be the first to signal the new direction of struggle – one that recognises that a Palestinian state is dead and buried.

In recent years, growing numbers have started applying, as Israeli law entitles them to, for Israeli citizenship. Israel has twisted and turned to delay honouring its commitment, even as it calls Jerusalem its “united capital”.

Palestinians will have to shame Israel, the US and the watching world by adopting the tools of an anti-apartheid struggle – of non-violent resistance and civil disobedience to gain equal rights in a single state.

At the moment, the undercurrents of Palestinian rage chiefly swirl below the surface. But they will rise in time, and the consequences of Mr Trump’s deed will become all too apparent.

The rules on fostering in the UAE

A foster couple or family must:

  • be Muslim, Emirati and be residing in the UAE
  • not be younger than 25 years old
  • not have been convicted of offences or crimes involving moral turpitude
  • be free of infectious diseases or psychological and mental disorders
  • have the ability to support its members and the foster child financially
  • undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
  • A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially
A timeline of the Historical Dictionary of the Arabic Language
  • 2018: Formal work begins
  • November 2021: First 17 volumes launched 
  • November 2022: Additional 19 volumes released
  • October 2023: Another 31 volumes released
  • November 2024: All 127 volumes completed
MATCH INFO

Real Madrid 2

Vinicius Junior (71') Mariano (90 2')

Barcelona 0

The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

UAE currency: the story behind the money in your pockets

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.”