US secretary of state John Kerry with former US ambassador to Israel Martin Indyk, who will shepherd the Israeli-Palestinian peace talks.
US secretary of state John Kerry with former US ambassador to Israel Martin Indyk, who will shepherd the Israeli-Palestinian peace talks.

Israel and Palestinians begin talks in Washington



RAMALLAH & NEW YORK // Palestinian and Israeli officials began talks in Washington yesterday on a framework for a new round of peace negotiations, three years after the last attempt to clinch a deal broke down over the issue of Israeli settlements.

John Kerry, the US secretary of state, was scheduled to host Israel's chief negotiator, justice minister Tzipi Livni, and veteran Palestinian negotiators Saeb Erekat and Mohammed Shtayyeh at an iftar dinner after the sides met for informal talks at the State Department in the afternoon. The talks are expected to continue today.

Yitzhak Molcho, a confidant of the Israeli prime minister, Benjamin Netanyahu, will also act as an Israeli negotiator, and Mr Kerry yesterday announced former US ambassador to Israel Martin Indyk as the lead American envoy.

Mr Indyk has been closely involved with previous attempts at peace, and is reportedly respected by both sides. Speaking at the United Nations today after meeting Secretary General Ban Ki-moon before heading to Washington, Ms Livni said she did not know whether she should congratulate Mr Indyk on his new role because the talks will be "very tough and problematic".

"It is a daunting and humbling challenge, but one that I cannot desist from," Mr Indyk said at a press conference with Mr Kerry announcing his nomination.

The US president Barack Obama welcomed the start of talks between Israel and the Palestinians, urging both sides to approach them with honesty.

"The most difficult work of these negotiations is ahead, and I am hopeful that both the Israelis and Palestinians will approach these talks in good faith," he said.

Both sides have agreed in principle to continue negotiations for at least nine months, the state department spokeswoman Jen Psaki said yesterday. "This is the beginning of direct final status negotiations on a nine-month, at least a nine-month, timetable," she said.

Mr Kerry, who has vested considerable American prestige in trying to restart talks, has remained unclear about his strategy for tackling the seemingly intractable final-status issues of Palestinian refugees, Jerusalem, borders and Jewish settlements.

"I think reasonable compromises have to be a keystone of all of this effort," Mr Kerry told reporters as he announced Mr Indyk's new position.

Already yesterday, Israeli and Palestinian officials gave conflicting accounts of how they assume the framework discussions will proceed. Silvan Shalom, an Israeli cabinet member, told Israel's Army Radio that all the final-status issues would be addressed simultaneously.

Officials of the Palestinian Liberation Organisation, however, were reported as saying that they received US assurances that the pre-1967 lines be the basis for border talks, which the Palestinians said should be first on the agenda.

"Had the matter of borders and territory been given over, what incentive would they [Palestinians] have had to make concessions on the matter of refugees or Jerusalem?" Mr Shalom said.

"We are entering into new negotiations that are very complex, very complicated, in a region that is very, very difficult," Ms Livni said in comments aired yesterday by Israel's Army Radio.

"The situation in the region is changing, there are many threats, we are getting under way cautiously - but also with hope."

A PLO official said the nitty-gritty of resuming negotiations, such as the duration, location and format of peace talks, would be thrashed out during the discussions in Washington.

"It will be about issues on how to start negotiations," said the official.

Mr Kerry first announced a breakthrough in re-starting talks on July 19 after visiting the region six times since February in an attempt to revive peace negotiations.

In a statement that praised the tentative resumption of talks, he lauded Mr Netanyahu and the Palestinian Authority president, Mahmoud Abbas, for demonstrating "a willingness to make difficult decisions that have been instrumental in getting to this point".

The US, he said, is "grateful for their leadership".

Skepticism and mistrust run high on both sides.

In Israel, there was anger yesterday at the government's decision a day earlier to release 104 Palestinians who have been imprisoned since before the 1990s Oslo peace accords for attacking Israelis.

"As always, the government has chosen the worst option," wrote columnist Shalom Yerushalmi in the Hebrew-language Maariv newspaper

"Prior to going to the negotiations in Washington, the Israeli government made a decision to free terrorists who have committed terrible crimes against innocent civilians, many of whom were teenagers and children."

Still, the release of the prisoners was crucial for convincing Mr Abbas to return to talks. So too was a promise PLO officials say Mr Kerry made to Mr Abbas that negotiations would be based on the boundaries that existed before the 1967 Arab-Israeli war, in which Israel captured East Jerusalem, the West Bank and Gaza Strip - territories wanted for a Palestinian state.

It is not clear if Mr Netanyahuhas agreed with Mr Kerry to use the 1967 lines as a basis for the negotiations.

Mr Abbas, in return, appears to have been pressured to drop his primary demand for returning to peace talks: a complete halt to construction on Jewish settlements.

Mr Netanyahu's refusal to stop building settler homes was the chief reason why the last round of talks collapsed in 2010.

Palestinians are critical of what they see as Mr Abbas's decision to abandon the demand to halt settlements. The more than 500,000 settlers living in the Palestinian territories are seen as a major - if not already insurmountable - obstacle to the creation of a Palestinian state.

"What we see are growing settlements and the forced Juadiasation of Jerusalem," said Amra Amra, 26, a Palestinian activist in Ramallah. She was referring to settlement expansion in Israeli-occupied East Jerusalem, where the city's Palestinian population lives. "So how can we negotiate like this with a government that disrespects the right of Palestinians?"

Ayed Morrar, an activist who has organised protests against Israel's separation barrier in his West Bank village of Budrus, said most Palestinians had lost confidence in negotiations and viewed them as political cover for Israel to expand its settlements.

"We believe the Palestinian people must wake up and start pressuring the Israeli government to agree to our rights, to end the occupation, to achieve our freedom," he said, adding that "we don't trust negotiations anymore".

But Mahdi Abdul-Hadi, founder of the Jerusalem-based Palestinian Academic Society for the Study of International Affairs, a research organisation, said Mr Abbas had little choice but to return to talks.

"Abbas is playing this game under the gun," he said.

The Palestinian president is short on popular legitimacy at home, Mr Abdul-Hadi said, and has failed to unite the West Bank's Fatah faction, which he heads, with the rival Hamas movement that controls Gaza. Moreover, he faces constraints from his financial and political reliance on the US, which has opposed Palestinian attempts to join United Nations' agencies as an alternative to peace talks with Israel.

"Abbas is naked. He's playing for survival," Mr Abdul-Hadi said.

hnaylor@thenational.ae

tkhan@thenational.ae

* Hugh Naylor reported from Ramallah

* With additional reporting from the Associated Press

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THE SPECS

Engine: 6.75-litre twin-turbocharged V12 petrol engine 

Power: 420kW

Torque: 780Nm

Transmission: 8-speed automatic

Price: From Dh1,350,000

On sale: Available for preorder now

Friday's schedule in Madrid

Men's quarter-finals

Novak Djokivic (1) v Marin Cilic (9) from 2pm UAE time

Roger Federer (4) v Dominic Thiem (5) from 7pm

Stefanos Tsitsipas (8) v Alexander Zverev (3) from 9.30pm

Stan Wawrinka v Rafael Nadal (2) from 11.30pm

Women's semi-finals

Belinda Bencic v Simona Halep (3) from 4.30pm

Sloane Stephens (8) v Kiki Bertens (7) from 10pm

Skewed figures

In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458. 

A MINECRAFT MOVIE

Director: Jared Hess

Starring: Jack Black, Jennifer Coolidge, Jason Momoa

Rating: 3/5

GULF MEN'S LEAGUE

Pool A Dubai Hurricanes, Bahrain, Dubai Exiles, Dubai Tigers 2

Pool B Abu Dhabi Harlequins, Jebel Ali Dragons, Dubai Knights Eagles, Dubai Tigers

 

Opening fixtures

Thursday, December 5

6.40pm, Pitch 8, Abu Dhabi Harlequins v Dubai Knights Eagles

7pm, Pitch 2, Jebel Ali Dragons v Dubai Tigers

7pm, Pitch 4, Dubai Hurricanes v Dubai Exiles

7pm, Pitch 5, Bahrain v Dubai Eagles 2

 

Recent winners

2018 Dubai Hurricanes

2017 Dubai Exiles

2016 Abu Dhabi Harlequins

2015 Abu Dhabi Harlequins

2014 Abu Dhabi Harlequins

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UAE currency: the story behind the money in your pockets
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" 

Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
The specs
Engine: 4.0-litre flat-six
Power: 510hp at 9,000rpm
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
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Price: From Dh801,800
Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
Sarfira

Director: Sudha Kongara Prasad

Starring: Akshay Kumar, Radhika Madan, Paresh Rawal 

Rating: 2/5

FIXTURES

All kick-off times UAE ( 4 GMT)

Friday
Sevilla v Levante (midnight)

Saturday
Athletic Bilbao v Real Sociedad (7.15pm)
Eibar v Valencia (9.30pm)
Atletico Madrid v Alaves (11.45pm)

Sunday
Girona v Getafe (3pm)
Celta Vigo v Villarreal (7.15pm)
Las Palmas v Espanyol (9.30pm)
Barcelona v Deportivo la Coruna (11.45pm)

Monday
Malaga v Real Betis (midnight)

FIGHT CARD

 

1.           Featherweight 66kg

Ben Lucas (AUS) v Ibrahim Kendil (EGY)

2.           Lightweight 70kg

Mohammed Kareem Aljnan (SYR) v Alphonse Besala (CMR)

3.           Welterweight 77kg

Marcos Costa (BRA) v Abdelhakim Wahid (MAR)

4.           Lightweight 70kg

Omar Ramadan (EGY) v Abdimitalipov Atabek (KGZ)

5.           Featherweight 66kg

Ahmed Al Darmaki (UAE) v Kagimu Kigga (UGA)

6.           Catchweight 85kg

Ibrahim El Sawi (EGY) v Iuri Fraga (BRA)

7.           Featherweight 66kg

Yousef Al Husani (UAE) v Mohamed Allam (EGY)

8.           Catchweight 73kg

Mostafa Radi (PAL) v Abdipatta Abdizhali (KGZ)

9.           Featherweight 66kg

Jaures Dea (CMR) v Andre Pinheiro (BRA)

10.         Catchweight 90kg

Tarek Suleiman (SYR) v Juscelino Ferreira (BRA)

Cryopreservation: A timeline
  1. Keyhole surgery under general anaesthetic
  2. Ovarian tissue surgically removed
  3. Tissue processed in a high-tech facility
  4. Tissue re-implanted at a time of the patient’s choosing
  5. Full hormone production regained within 4-6 months

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.”

Ireland (15-1):

Ireland (15-1): Rob Kearney; Keith Earls, Chris Farrell, Bundee Aki, Jacob Stockdale; Jonathan Sexton, Conor Murray; Jack Conan, Sean O'Brien, Peter O'Mahony; James Ryan, Quinn Roux; Tadhg Furlong, Rory Best (capt), Cian Healy

Replacements: Sean Cronin, Dave Kilcoyne, Andrew Porter, Ultan Dillane, Josh van der Flier, John Cooney, Joey Carbery, Jordan Larmour

Coach: Joe Schmidt (NZL)