An elephant in the room: US President Barack Obama meets with Israeli Prime Minister Benjamin Netanyahu in the Oval Office in May, 2011.
An elephant in the room: US President Barack Obama meets with Israeli Prime Minister Benjamin Netanyahu in the Oval Office in May, 2011.

Obama and Netanyahu's acrimony makes for 'intriguing sideshow'



RAMALLAH // When they dine together in Jerusalem tonight, Barack Obama and Benjamin Netanyahu may immediately delve into the thorny issues of Iran's nuclear programme, Syria's civil war or the lifeless Israeli-Palestinian peace process. Or the dinner conversation between the visiting US president and the Israeli prime minister could start off by acknowledging the proverbial elephant in the room - their fraught relations.

The leaders are not known for their rapport. Or as Gabriel Ben-Dor, professor of political science at Haifa University, put it: "They hate each other's guts."

Suspicion, spats and acrimony between US presidents and Israeli prime ministers have long been an intriguing sideshow to the otherwise robust diplomatic and military ties between their countries.

But during his three-day tour of the West Bank, Israel and Jordan, Mr Obama intends to place repairing his relationship with Mr Netanyahu high on the agenda. The highly publicised tiffs between the leaders have strained relations between the two countries and in the view of some observers, has hampered Washington's ability to influence Israeli behaviour, including its policies towards the Palestinians.

"If there's no goodwill, then there's a fundamental lack of trust," Mr Ben-Dor said.

While the nations Mr Obama and Mr Netanyahu represent are the closest of allies, the relationship between the two men is not warm and has often been tested by their differing political views.

In 2011, an angry Mr Netanyahu, in a lecturing tone, gave an extended lesson in Israeli and Jewish history to Mr Obama in the White House, a day after the US president said that the borders of Israel and a future Palestinian state should be based on 1967 lines with mutually agreed land swaps. As the Israeli leader waxed on in the Oval Office, Mr Obama only stared back.

Mr Obama has been no less flattering to Mr Netanyahu. In a private conversation with French president, Nicolas Sarkozy, at a G20 summit in 2011, the US president was overheard appearing to agree with the French leader's description of Mr Netanyahu as "a liar".

"You're fed up with him, but I have to deal with him more often than you," Mr Obama replied. Last September, in a move seen in both countries as a snub of the Israeli premier, the White House said Mr Obama would not meet Mr Netanyahu during a US visit that month.

Eytan Gilboa, an expert on US-Israeli relations at Israel's Begin-Sadat Centre for Strategic Studies, believes that the two leaders will never bridge their differences.

"It's a clash of world views," Mr Gilboa said. Still, he added, personal chemistry "is significant but not decisive, because ... it's interests and policies that decide matters".

Washington is not, as it may appear to Palestinians and other Arabs, totally under Israel's thumb.

In 1991, George HW Bush withheld US$10 billion (Dh36.7bn) in loan guarantees from Israel's prime minister, Yitzhak Shamir, over his alleged intransigence on Jewish settlements and peace efforts with the Palestinians. This contributed to Mr Shamir's loss of the premiership during the following year's parliamentary elections.

On balance, Bill Clinton's dealings with Israel when he was president were successful because of his exemplary political instincts, said Akiva Eldar, a former writer at Israel's Haaretz newspaper.

Mr Clinton was known for cultivating an "I-feel-your-pain" image that was popular with Israel's public and put him on good terms with Israeli leaders - even if he did not think too fondly of them in private.

During his first stint as prime minister, Mr Netanyahu did not enjoy a reputation for trustworthiness among the diplomats who worked for Mr Clinton. Mr Netanyahu's sometimes high-handed tone drove the US president into a rage in 1996 when, after a particularly heated encounter, he fumed: "Who the [expletive deleted] does he think he is? Who's the [expletive deleted] superpower here?"

Mr Eldar said Mr Obama would always struggle to earn Israeli trust because of his Muslim middle name, Hussein. "But because Clinton reached out to the Israeli public to show he cares about them, he was able to get a lot more from Netanyahu than Obama ever did," he said.

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Lowest Test scores

26 - New Zealand v England at Auckland, March 1955

30 - South Africa v England at Port Elizabeth, Feb 1896

30 - South Africa v England at Birmingham, June 1924

35 - South Africa v England at Cape Town, April 1899

36 - South Africa v Australia at Melbourne, Feb. 1932

36 - Australia v England at Birmingham, May 1902

36 - India v Australia at Adelaide, Dec. 2020

38 - Ireland v England at Lord's, July 2019

42 - New Zealand v Australia in Wellington, March 1946

42 - Australia v England in Sydney, Feb. 1888

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

Director: Brady Corbet

Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn

Rating: 3.5/5

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Meydan race card

6.30pm: Maiden; Dh165,000; (Dirt) 1,200m
7.05pm: Handicap; Dh170,000; (D) 1,200m​​​​​​​
7.40pm: Maiden; Dh165,000; (D) 1,900m​​​​​​​
8.15pm: Handicap; Dh185,000; (D) 2,000m​​​​​​​​​​​​​​
8.50pm: Handicap; Dh185,000; (D) 1,600m​​​​​​​
9.25pm: Handicap; Dh165,000; (D) 2,000m

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
if you go

The flights

Emirates have direct flights from Dubai to Glasgow from Dh3,115. Alternatively, if you want to see a bit of Edinburgh first, then you can fly there direct with Etihad from Abu Dhabi.

The hotel

Located in the heart of Mackintosh's Glasgow, the Dakota Deluxe is perhaps the most refined hotel anywhere in the city. Doubles from Dh850

 Events and tours

There are various Mackintosh specific events throughout 2018 – for more details and to see a map of his surviving designs see glasgowmackintosh.com

For walking tours focussing on the Glasgow Style, see the website of the Glasgow School of Art. 

More information

For ideas on planning a trip to Scotland, visit www.visitscotland.com

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
DUBAI WORLD CUP CARNIVAL CARD

6.30pm Handicap US$135,000 (Turf) 2,410m

7.05pm UAE 1000 Guineas Listed $250,000 (Dirt) 1,600m

7.40pm Dubai Dash Listed $175,000 (T) 1,000m

8.15pm Al Bastakiya Trial Conditions $100,000 (D) 1.900m

8.50pm Al Fahidi Fort Group Two $250,000 (T) 1,400m

9.25pm Handicap $135,000 (D) 2,000m

 

The National selections

6.30pm: Gifts Of Gold

7.05pm Final Song

7.40pm Equilateral

8.15pm Dark Of Night

8.50pm Mythical Magic

9.25pm Franz Kafka

The Kingfisher Secret
Anonymous, Penguin Books

Ain Issa camp:
  • Established in 2016
  • Houses 13,309 people, 2,092 families, 62 per cent children
  • Of the adult population, 49 per cent men, 51 per cent women (not including foreigners annexe)
  • Most from Deir Ezzor and Raqqa
  • 950 foreigners linked to ISIS and their families
  • NGO Blumont runs camp management for the UN
  • One of the nine official (UN recognised) camps in the region
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)

MIDWAY

Produced: Lionsgate Films, Shanghai Ryui Entertainment, Street Light Entertainment
Directed: Roland Emmerich
Cast: Ed Skrein, Woody Harrelson, Dennis Quaid, Aaron Eckhart, Luke Evans, Nick Jonas, Mandy Moore, Darren Criss
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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.”

Famous left-handers

- Marie Curie

- Jimi Hendrix

- Leonardo Di Vinci

- David Bowie

- Paul McCartney

- Albert Einstein

- Jack the Ripper

- Barack Obama

- Helen Keller

- Joan of Arc

THE SIXTH SENSE

Starring: Bruce Willis, Toni Collette, Hayley Joel Osment

Director: M. Night Shyamalan

Rating: 5/5

'The Lost Daughter'

Director: Maggie Gyllenhaal

Starring: Olivia Colman, Jessie Buckley, Dakota Johnson

Rating: 4/5

The specs

Engine: Direct injection 4-cylinder 1.4-litre
Power: 150hp
Torque: 250Nm
Price: From Dh139,000
On sale: Now

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