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US Secretary of State Antony Blinken wound up a week-long tour of the Middle East in Cairo on Thursday, offering a rough vision to end the Palestinian-Israeli conflict, centring on security guarantees for Israel and the creation of an independent Palestinian state.
During his tour, the fourth since the Gaza war broke out more than three months ago, Mr Blinken met Israeli and Palestinian officials and leaders of neighbouring Arab states with a stake in the Israeli-Palestinian conflict or whose support is needed for postwar plans in Gaza and the occupied West Bank.
A statement issued on Thursday by the Egyptian presidency after Mr Blinken’s talks with President Abdel Fattah El Sisi revealed little about the substance of their discussions, saying only that the Egyptian leader emphasised to Mr Blinken the need to end the war and resolve the Palestinian question based on a two-state solution.
“The two sides were in agreement to continue contacts with all parties to push forward efforts for a ceasefire and to prevent a wider conflict as well as the total rejection of the principle of or attempt to evict the Palestinians,” said the statement.
'Two paths' for region
Speaking to reporters later, Mr Blinken said the region faced two paths.
One path could see “Israel integrated, with security assurances and commitments from regional countries and as well from the United States, and a Palestinian state – at least a pathway to get to that state,” according to Mr Blinken.
“The other path is to continue to see the terrorism, the nihilism, the destruction by Hamas, by the Houthis, by Hezbollah, all backed by Iran,” he said.
“If you pursue the first path … that's the single best way to isolate, to marginalise Iran and the proxies that are making so much trouble – for us and for pretty much everyone else in the region.”
Tour with wide-ranging goals
Mr Blinken's public statements have been light on details, but diplomats and sources who spoke to The National said he appeared to have different goals from each country he visited.
The sources said that one of Mr Blinken's goals was to rally support for a US-led naval coalition to deal with threats to Red Sea shipping lanes posed by Yemen’s Iranian-backed Houthis.
He also sought to secure financial support from Gulf Arab states for the reconstruction of Gaza and discussed the possible participation of Turkey in a multinational force to be deployed in Gaza after the war.
Mr Blinken also had to address the concerns of Arab nations such as Jordan and Egypt over the fallout from the Gaza war, argue against criticism of Washington’s widely perceived bias in favour of Israel, and work to de-escalate the threat of a wider regional war involving Iranian-backed armed groups from Lebanon and Syria to Iraq and Yemen.
Throughout his visit, Mr Blinken did not voice support for Arab demands for a ceasefire in Gaza, the sources said.
Instead, he focused on potential humanitarian pauses and the release of hostages held by Hamas, advocating Israel’s right to self-defence while pointing out that Washington has called on Israel to do more to protect civilians and allow more aid into Gaza.
Risks of instability
Jordan and Egypt cautioned Mr Blinken that a prolonged war in Gaza as envisaged by Prime Minister Benjamin Netanyahu carries the risk of instability in the region, according to the diplomats and sources.
“At the end of the day Hamas is a radical religious movement, and the war is increasing support for Islamists regardless of whether Israel wins or not in Gaza,” said a senior European diplomat who recently discussed the war with Egyptian officials in Cairo.
He said Egyptian officials have repeatedly warned US envoys, including Mr Blinken, that even if Israel succeeds in realising its goal of destroying Hamas, which has committed to destroy Israel, the militants will recover and attack Israel again.
President El Sisi has said that any expulsion of Palestinians into Egypt would endanger his nation’s national security, explaining that Israel would feel compelled to target Palestinians on Egyptian soil if attacked by militants based there.
Like Jordan, Egypt signed a peace treaty with Israel. Egypt and Israel have over the past decade worked in close co-operation on security, counterterrorism, and combating cross-border drug smuggling and human trafficking, but relations have deteriorated since the Gaza war began.
Mr Blinken’s visit to the region came three months into the fifth and most devastating Israel-Hamas war since 2008. Israel’s relentless bombardment of Gaza has killed more than 23,300 Palestinians, displaced most of Gaza’s 2.3 million residents, and laid waste to large areas of the densely populated coastal strip.
The war was triggered by Hamas's October 7 attack on southern Israel, when the group and other militants killed 1,200 people and took about 240 hostages back to Gaza.
Negotiations stalled
Mr Blinken’s talks in Cairo came as a mediation bid by US allies Egypt and Qatar to end the war appeared to stall. Hamas has reportedly cooled on the deal after one of its top leaders was killed last week in Lebanon in a targeted attack blamed on Israel.
Israel has also made a range of demands that have been rejected by Egypt and Hamas over the governance of Gaza after the war.
Israel rejects the inclusion of Hamas in any postwar governance and security arrangements. Israel has also voiced strong reservations on the involvement of the Palestinian Authority, which oversees limited self-rule in the West Bank.
Mr Binken has said Washington wants the Palestinian Authority to undertake reforms and regain credibility in order to take charge of Gaza if and when Israel achieves its goal of eliminating Hamas, which has run the strip since 2007.
Another hurdle to the Qatari-Egyptian mediation is Israel’s declared intention to create buffer zones on the eastern and northern flanks of Gaza to deny militants direct access to Israel.
The suggestion has been rejected by both Egypt and Hamas, together with plans for a multinational force to be deployed in the strip until a suitable governance formula is found.
Some far-right members of Mr Netanyahu's coalition government have openly called for Palestinians to leave Gaza and Israelis to settle there permanently. In a post on X, Mr Netanyahu insisted this was not Israel's aim.
“I want to make a few points absolutely clear: Israel has no intention of permanently occupying Gaza or displacing its civilian population,” he wrote.
But Egypt, according to the sources, is already alarmed by the movement of hundreds of thousands of displaced Palestinians close to the Gaza side of the border, fearing that a spike in Israeli strikes in the area could force them to cross into Egypt in search of safety.
“They are literally less than 50 metres away from the fence,” said one of the sources of the Palestinians gathered near the Egyptian border in the Sinai Peninsula.
Egypt is also angered by Israeli demands to install electronic surveillance devices on the Gaza side of the border with Egypt, ostensibly to halt the smuggling of weapons or dual-use material that could be used by Hamas.
A Mossad delegation was in Egypt earlier this week to discuss what Egypt could do to accelerate a prisoner and hostage deal between Israel and Hamas, according to the sources, who have direct knowledge of the contacts.
“The Mossad is focused on freeing the hostages held by Hamas, but the group is unlikely to do that unless it’s part of a deal that includes a ceasefire and withdrawal of Israeli troops from Gaza,” said another source.
TO A LAND UNKNOWN
Director: Mahdi Fleifel
Starring: Mahmoud Bakri, Aram Sabbah, Mohammad Alsurafa
Rating: 4.5/5
FULL%20FIGHT%20CARD
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The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5
DIVINE%20INTERVENTOIN
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Specs%3A%202024%20McLaren%20Artura%20Spider
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The specs: 2018 Nissan 370Z Nismo
The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
Fuel consumption, combined: 10.5L / 100km
COMPANY%20PROFILE
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MATCH INFO
Syria v Australia
2018 World Cup qualifying: Asia fourth round play-off first leg
Venue: Hang Jebat Stadium, Malayisa
Kick-off: Thursday, 4.30pm (UAE)
Watch: beIN Sports HD
* Second leg in Australia on October 10
Getting there
Flydubai flies direct from Dubai to Tbilisi from Dh1,025 return including taxes
PROFILE OF HALAN
Started: November 2017
Founders: Mounir Nakhla, Ahmed Mohsen and Mohamed Aboulnaga
Based: Cairo, Egypt
Sector: transport and logistics
Size: 150 employees
Investment: approximately $8 million
Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar
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.
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.”
What is graphene?
Graphene is a single layer of carbon atoms arranged like honeycomb.
It was discovered in 2004, when Russian-born Manchester scientists Andrei Geim and Kostya Novoselov were "playing about" with sticky tape and graphite - the material used as "lead" in pencils.
Placing the tape on the graphite and peeling it, they managed to rip off thin flakes of carbon. In the beginning they got flakes consisting of many layers of graphene. But as they repeated the process many times, the flakes got thinner.
By separating the graphite fragments repeatedly, they managed to create flakes that were just one atom thick. Their experiment had led to graphene being isolated for the very first time.
At the time, many believed it was impossible for such thin crystalline materials to be stable. But examined under a microscope, the material remained stable, and when tested was found to have incredible properties.
It is many times times stronger than steel, yet incredibly lightweight and flexible. It is electrically and thermally conductive but also transparent. The world's first 2D material, it is one million times thinner than the diameter of a single human hair.
But the 'sticky tape' method would not work on an industrial scale. Since then, scientists have been working on manufacturing graphene, to make use of its incredible properties.
In 2010, Geim and Novoselov were awarded the Nobel Prize for Physics. Their discovery meant physicists could study a new class of two-dimensional materials with unique properties.
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
Springsteen: Deliver Me from Nowhere
Director: Scott Cooper
Starring: Jeremy Allen White, Odessa Young, Jeremy Strong
Rating: 4/5
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Avengers 3: Infinity War: an American superhero film released in 2018 and based on the Marvel Comics story.
Sholay: a 1975 Indian action-adventure film. It follows the adventures of two criminals hired by police to catch a vagabond. The film was panned on release but is now considered a classic.
Lucifer: is a 2019 Malayalam-language action film. It dives into the gritty world of Kerala’s politics and has become one of the highest-grossing Malayalam films of all time.
MATCH INFO
Serie A
Juventus v Fiorentina, Saturday, 8pm (UAE)
Match is on BeIN Sports
Our legal consultants
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Mohammed bin Zayed Majlis
It Was Just an Accident
Director: Jafar Panahi
Stars: Vahid Mobasseri, Mariam Afshari, Ebrahim Azizi, Hadis Pakbaten, Majid Panahi, Mohamad Ali Elyasmehr
Rating: 4/5