Hamas blocks Fatah delegates from summit



GAZA CITY // Musa Abdel Nabi spends a lot of time these days playing chess. A former chief in the Palestinian Authority police force and a leading member of Fatah in the Gaza Strip, he has effectively lived the life of a retiree since Hamas ousted Fatah-affiliated PA forces in June 2007. He is also one of 450 Gaza-based Fatah members that Hamas, the Islamist movement that rules the Gaza Strip, is preventing from leaving Gaza in order to attend Fatah's Sixth General Conference in Bethlehem that starts on Tuesday.

It is a counter-productive prohibition, argued Mr Abdel Nabi over a game of chess a few days ago in the courtyard of a school in Gaza City. "It's in Hamas' interest that we go [to Bethlehem]. It is in Hamas's interest that it negotiates [unity] with a faction in which there is no more confusion. That is what the conference is about, ending the confusion in Fatah." Mr Abdel Nabi's expectations for the long-delayed conference are high, as indeed are the hopes of many in Fatah. The general conference is the only opportunity for Fatah members to elect new leaders to the ruling body, the 21-member Central Committee. But the last such conference was in 1989 and the ageing leadership has long resisted pressure from younger leaders to convene a general conference in order to elect fresh blood to the leadership.

Indeed, many in Fatah blame their defeat to Hamas in the 2006 parliamentary elections as well as the situation that ultimately led to Fatah's ouster as an effective force in Gaza in June 2007 on the lack of opportunity for a younger leadership to emerge. And many in Fatah now see in the conference a chance to put the movement's house in order. "It will be a very important conference," said Mr Abdel Nabi. "I believe there will be significant changes to the Central Committee and I believe this will strengthen Abu Mazen [Mahmoud Abbas, the leader of Fatah and the president of the PA]. He needs new leaders to follow his vision, which is based on securing peace through negotiations."

It is an assessment that Karim Hamalawi, another Fatah leader in Gaza, agrees with. "Fatah, after the conference, will be a very different party." But doubts continue to dog the conference. Hamas has declared that it will not allow 450 Fatah delegates to leave Gaza to attend the conference as long as Hamas members remain detained in Palestinian jails in the West Bank. It is the last in a long line of tit-for-tat measures between Gaza and the West Bank that have only served to underline the severity of the division between Fatah and Hamas. And with Gaza delegates making up almost a third of the total attendance of the conference, the measure could undermine attempts at securing quorum.

Fatah says 57 members have so far managed to sneak out of the Gaza Strip in order to attend the conference in spite of the Hamas prohibition. The latest to do so was Ghalia Abu Sitteh, who on Friday disguised herself as a peasant and drove a donkey cart unchecked through the Hamas checkpoint that separates Gazans from the Erez Crossing with Israel. The Hamas checkpoint was erected to register those who move in and out of Gaza, but with no security co-ordination between Hamas and Israel, it is located some 1.5km away from the Erez Crossing at a safe distance. Israel, meanwhile, has reportedly assured Mr Abbas that it will facilitate the movement of Fatah members from Gaza to the West Bank and has granted travel permits to all Fatah delegates meant to be attending.

Should Hamas prevent the rest of Fatah's delegates from leaving Gaza, even if there is quorum, it could still have significant consequences at the conference. Yesterday, Samir Masherawi, a former security chief in Gaza who escaped to the West Bank during the Hamas-Fatah fighting in June 2007, released a statement saying he would refuse to attend in the absence of the Gaza delegates. "The ball is with the Palestinian leadership," Mr Masherawi said. "There are several avenues through which Hamas can be pressured to allow Fatah members to leave Gaza. We cannot link the conference with Hamas, but we must ensure the participation of Gaza."

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Election pledges on migration

CDU: "Now is the time to control the German borders and enforce strict border rejections" 

SPD: "Border closures and blanket rejections at internal borders contradict the spirit of a common area of freedom" 

The bio

Favourite book: Peter Rabbit. I used to read it to my three children and still read it myself. If I am feeling down it brings back good memories.

Best thing about your job: Getting to help people. My mum always told me never to pass up an opportunity to do a good deed.

Best part of life in the UAE: The weather. The constant sunshine is amazing and there is always something to do, you have so many options when it comes to how to spend your day.

Favourite holiday destination: Malaysia. I went there for my honeymoon and ended up volunteering to teach local children for a few hours each day. It is such a special place and I plan to retire there one day.

UPI facts

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Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.

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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.”

In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

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