The US president pays his respects at a memorial plaque in front of the gates to the former Buchenwald Nazi camp yesterday.
The US president pays his respects at a memorial plaque in front of the gates to the former Buchenwald Nazi camp yesterday.

Obama: 'difficult decisions' face Palestinians and Israelis



BERLIN // Barack Obama made a historic visit to Buchenwald Nazi concentration camp in Germany yesterday and called the site where more than 50,000 Jews, political dissidents and prisoners of war were murdered the "ultimate rebuke" to anyone who denied the Holocaust had taken place. "More than half a century later our grief and our outrage over what happened here have not diminished. I will not forget what I have seen here today," he said.

Mr Obama's visit to the camp, a day after his much-praised speech in Cairo to repair America's ties with the Muslim world, was steeped in symbolism, and some analysts have suggested it was a gesture of reassurance to Israel. "Obama is telling the Israelis: 'I'll make sure it won't happen again'," said Josef Braml, a political analyst at the German Council on Foreign Relations. Earlier in the day Mr Obama again called on Israel to stop the expansion of settlements in occupied Palestinian territory and reiterated his desire for a two-state solution.

He said both the Palestinians and Israelis now needed to take "difficult decisions". "Yesterday was just one speech and it doesn't replace all the hard work that's going to have to be done, that was done before the speech and that is going to have to be done in the years to come to solve what has become a 60-year problem," Mr Obama said. "And I'm under no illusions that whatever statements I put forward are going to supplant the need to do that work."

He said his administration had made a priority of the Middle East conflict from day one. Mr Obama spent an hour walking around Buchenwald, now a memorial site, as part of his one-day stopover in Germany before he attends the 65th anniversary of the D-Day landings in Normandy, France, today. "To this day there are those who insist the Holocaust never happened, a denial of fact and truth that is baseless and ignorant and hateful," Mr Obama said. "This place is the ultimate rebuke to such thoughts, a reminder of our duty to confront those who would tell lies about our history."

Mahmoud Ahmadinejad, the Iranian president, who again described the Holocaust as a "great deception" this week, should visit Buchenwald, Mr Obama had said in a television interview with NBC News earlier in the day. "He should make his own visit," Mr Obama said. "I have no patience for people who would deny history. And the history of the Holocaust is not something speculative." Mr Obama had said he had wanted to come to Buchenwald partly because his great-uncle Charles Payne had been among soldiers of the US 89th Infantry division who liberated a sub-camp of Buchenwald called Ohrdruf, located about 40 kilometres from the main camp.

The president, flanked by Mrs Merkel and two survivors of Buchenwald, walked through the wrought-iron gate to the camp that bears the cynical inscription Jedem das Seine, German for "To each his own", and placed a white rose at a memorial plaque listing the 50 nations from which prisoners were incarcerated in Buchenwald. The plaque is permanently kept at a heat of 37 degrees Celsius - body temperature.

Approximately 250,000 prisoners were held at Buchenwald from its opening in July 1937 to its liberation by US troops in April 1945. An estimated 56,000 people were killed, including approximately 11,000 Jews. Mr Obama's expression gradually turned from solemn concentration to outright disgust as the two survivors, Elie Wiesel and Bertrand Herz, explained the camp to him while they walked across a large empty space where the outlines of torn-down prisoner barracks are marked on the ground.

Cameras were not allowed to follow Mr Obama into Buchenwald's crematorium which contains ovens of a type originally developed to destroy animal cadavers. More efficient ones were developed for the Auschwitz death camp located in Poland, where more than a million Jews were murdered. "This place teaches us that we must be ever-vigilant about the spread of evil in our own time," said Mr Obama, visibly moved by his tour after he emerged from the crematorium.

Mr Braml said the visit was also aimed at shoring up support among European allies for the wars in Afghanistan and Pakistan. "Obama is carrying on George W Bush's argument of pointing out the good wars America fought, such as the fight against National Socialism and the Cold War, and linking them to the fight against terrorism. "The visit to Buchenwald and Normandy is intended to boost domestic support for America's foreign missions but also to make it more difficult for Europeans not to play a stronger role. This also applies to Iran, where he needs to get serious with sanctions and needs German and French support for that."

Mr Wiesel, who was 16 when he was freed from Buchenwald, gave a moving account of watching his father die and hearing him calling out his name as he lay in a bunk in one of the camp barracks. He said he hoped Mr Obama's "moral vision of history" would "change this world into a better place". "The world hasn't learnt," said Mr Wiesel. "Had the world learnt there would have been no Cambodia, no Rwanda, no Darfur and no Bosnia."

dcrossland@thenational.ae

2025 Fifa Club World Cup groups

Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.

Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.

Group D: Flamengo, ES Tunis, Chelsea, Leon.

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

Group G: Manchester City, Wydad, Al Ain, Juventus.

Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.

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The specs

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

On sale: Now

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.”

The more serious side of specialty coffee

While the taste of beans and freshness of roast is paramount to the specialty coffee scene, so is sustainability and workers’ rights.

The bulk of genuine specialty coffee companies aim to improve on these elements in every stage of production via direct relationships with farmers. For instance, Mokha 1450 on Al Wasl Road strives to work predominantly with women-owned and -operated coffee organisations, including female farmers in the Sabree mountains of Yemen.

Because, as the boutique’s owner, Garfield Kerr, points out: “women represent over 90 per cent of the coffee value chain, but are woefully underrepresented in less than 10 per cent of ownership and management throughout the global coffee industry.”

One of the UAE’s largest suppliers of green (meaning not-yet-roasted) beans, Raw Coffee, is a founding member of the Partnership of Gender Equity, which aims to empower female coffee farmers and harvesters.

Also, globally, many companies have found the perfect way to recycle old coffee grounds: they create the perfect fertile soil in which to grow mushrooms. 

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A State of Passion

Directors: Carol Mansour and Muna Khalidi

Stars: Dr Ghassan Abu-Sittah

Rating: 4/5

MATCH INFO

Juventus 1 (Dybala 45')

Lazio 3 (Alberto 16', Lulic 73', Cataldi 90 4')

Red card: Rodrigo Bentancur (Juventus)

The specs
Engine: 2.0-litre turbo 4-cyl

Transmission: eight-speed auto

Power: 190bhp

Torque: 300Nm

Price: Dh169,900

On sale: now 

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
World Series

Game 1: Red Sox 8, Dodgers 4
Game 2: Red Sox 4, Dodgers 2
Game 3: Saturday (UAE)

* if needed

Game 4: Sunday
Game 5: Monday
Game 6: Wednesday
Game 7: Thursday

TERMINAL HIGH ALTITUDE AREA DEFENCE (THAAD)

What is THAAD?

It is considered to be the US's most superior missile defence system.

Production:

It was created in 2008.

Speed:

THAAD missiles can travel at over Mach 8, so fast that it is hypersonic.

Abilities:

THAAD is designed to take out  ballistic missiles as they are on their downward trajectory towards their target, otherwise known as the "terminal phase".

Purpose:

To protect high-value strategic sites, such as airfields or population centres.

Range:

THAAD can target projectiles inside and outside the Earth's atmosphere, at an altitude of 150 kilometres above the Earth's surface.

Creators:

Lockheed Martin was originally granted the contract to develop the system in 1992. Defence company Raytheon sub-contracts to develop other major parts of the system, such as ground-based radar.

UAE and THAAD:

In 2011, the UAE became the first country outside of the US to buy two THAAD missile defence systems. It then stationed them in 2016, becoming the first Gulf country to do so.

PAST 10 BRITISH GRAND PRIX WINNERS

2016 - Lewis Hamilton (Mercedes-GP)
2015 - Lewis Hamilton (Mercedes-GP)
2014 - Lewis Hamilton (Mercedes-GP)
2013 - Nico Rosberg (Mercedes-GP)
2012 - Mark Webber (Red Bull Racing)
2011 - Fernando Alonso (Ferrari)
2010 - Mark Webber (Red Bull Racing)
2009 - Sebastian Vettel (Red Bull Racing)
2008 - Lewis Hamilton (McLaren)
2007 - Kimi Raikkonen (Ferrari)

The biog

Hometown: Cairo

Age: 37

Favourite TV series: The Handmaid’s Tale, Black Mirror

Favourite anime series: Death Note, One Piece and Hellsing

Favourite book: Designing Brand Identity, Fifth Edition

Company%20Profile
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