Displaced Palestinians receive food aid in Rafah, southern Gaza, on Sunday. AFP
Displaced Palestinians receive food aid in Rafah, southern Gaza, on Sunday. AFP
Displaced Palestinians receive food aid in Rafah, southern Gaza, on Sunday. AFP
Displaced Palestinians receive food aid in Rafah, southern Gaza, on Sunday. AFP

Cairo demands permanent Gaza ceasefire ahead of Paris meeting with US, Qatar and Israel


Hamza Hendawi
  • English
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Live updates: Follow the latest news on Israel-Gaza

Egypt has told Washington that a permanent ceasefire in Gaza and a phased but full detainee and hostage swap will be essential elements of any agreement to end the three-month-old war between Israel and Hamas, sources have told The National.

Cairo's position was conveyed to US officials before a meeting in Paris on Sunday between the chiefs of the US, Egyptian and Israeli intelligence agencies and the Qatari Prime Minister.

The meeting, which has not been officially announced by any of the four parties, is expected to discuss a deal to pause the fighting in Gaza for two months and secure the release of about 130 hostages held by Hamas.

Two White House officials told Reuters over the weekend that the proposed agreement would play out in two phases.

In the first phase, fighting would stop to allow Hamas to release the remaining female, elderly and wounded hostages.

During the first 30 days of the pause, Israel and Hamas would aim to work out the details of a second exchange during which Israeli soldiers and male civilians would be released. The agreement also requires Israel to allow more humanitarian aid into Gaza.

While the proposed deal would not end the war, US officials are hopeful that it could lay the groundwork for a durable resolution to the conflict, Reuters reported.

Mourners in Tel Aviv gather around the grave of an Israeli soldier killed during the war in Gaza. AP
Mourners in Tel Aviv gather around the grave of an Israeli soldier killed during the war in Gaza. AP

Egypt’s insistence on a permanent ceasefire, an agreement to exchange the remaining hostages held by Hamas for Palestinians held in Israeli prisons, and a phased withdrawal of Israeli troops from Gaza mirror Hamas's demands.

The militant group has told Egyptian mediators that it is not prepared to entertain, let alone agree to, a deal that does not include these three conditions, the sources said.

Egypt, Qatar and the US mediated a truce in late November, when about 100 hostages were exchanged for hundreds of Palestinian detainees.

The truce ended on December 1, and fighting resumed in Gaza. Israel has been conducting an air and ground campaign in the coastal enclave since October 7, when Hamas militants launched deadly attacks on southern Israeli communities, killing about 1,200 and taking about 240 hostages.

More than 26,400 Palestinians have been killed during the war in Gaza, where large areas have been razed to the ground and most of the territory’s 2.3 million residents displaced.

Egypt has repeatedly called for a ceasefire followed by the establishment of an interim administration to govern Gaza throughout its reconstruction and efforts to reconcile rival Palestinian factions. This would be followed by presidential and legislative elections across the Palestinian territories.

“The Hamas leadership in Gaza went off the grid last week for at least two days to make clear its rejection of suggestions that there will only be a pause, not a permanent ceasefire,” one of the sources told The National.

“Yahya Sinwar [Hamas's leader in Gaza] has also told the group's leaders in Qatar and Lebanon to toe the same line and not to give as much as a hint that Hamas will accept less.”

Israeli soldiers in the Gaza Strip on Sunday. Reuters
Israeli soldiers in the Gaza Strip on Sunday. Reuters

Israel has long maintained that a ceasefire would allow Hamas to regroup, rearm and attack it again, with Prime Minister Benjamin Netanyahu saying that the war in Gaza will not end until Hamas’s governance and military capabilities are dismantled.

He has also dismissed a resolution of the Palestinian-Israeli conflict based on the two-state model supported by the US, EU and Israel’s Arab neighbours.

Hamas, whose leaders in Gaza relay their negotiating positions through Egyptian mediators, also want any deal to end the war to include guarantees from Washington that Israel will not repeat its military operation in Gaza, and that the detainee and hostage swap will be followed through, even if in phases, the sources said.

The Paris meeting will take place as relations become increasingly frayed between Israel on one side and US allies Egypt and Qatar on the other.

The sources confirmed Israeli media reports that Egyptian President Abdel Fattah El Sisi has refused to take calls from Mr Netanyahu in the three months since the war began.

Cairo was deeply angered by Mr Netanyahu's suggestion that Israel must control the Gaza side of the enclave’s border with Egypt, they said.

Mr Netanyahu said Israeli control of the Gaza side of the border, known as the Philadelphia corridor, would be aimed to curb the smuggling of weapons into the territory.

Families of Israeli hostages and their supporters protest against the delivery of humanitarian aid to Gaza on Sunday. Reuters
Families of Israeli hostages and their supporters protest against the delivery of humanitarian aid to Gaza on Sunday. Reuters

Egypt, which signed a peace treaty with Israel in 1979, has dismissed claims that its border with Gaza was being used to smuggle weapons, and rejected the idea of stationing Israeli troops in the corridor.

Mr El Sisi reaffirmed Cairo's position during a phone call with US President Joe Biden on Friday, the sources said.

Egypt has also rejected allegations that it is responsible for the slow flow of humanitarian aid into Gaza, and Mr El Sisi has responded by accusing Israel of holding up the aid deliveries to generate pressure for the release of hostages.

Israel says it places no limits on aid brought into Gaza as long as it passes security inspections, and Mr Netanyahu suggested Mr El Sisi's remarks were designed for domestic consumption.

“Relations with Egypt are managed in a continuing and proper manner, between the governments, all the time,” Mr Netanyahu said at a media briefing on Saturday. “Each of us, of course, has its interests. Egypt has the need to say certain things. I will not elaborate on this matter.”

He also said Qatar should apply the influence it has as a host and benefactor of Hamas to secure the release of the hostages.

“Qatar hosts the leaders of Hamas. It also funds Hamas. It has leverage over Hamas,” he said. “So, they should be so good as to apply their pressure. They positioned themselves as mediators – so please go right ahead, let them be so good as to bring back our hostages.”

Mr Netanyahu has previously described Qatar's involvement in mediating peace talks as “problematic”. Doha has called these comments “appalling”.

Lexus LX700h specs

Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

Torque: 790Nm from 2,000-3,600rpm

Transmission: 10-speed auto

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Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Company%20profile
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A Prayer Before Dawn

Director: Jean-Stephane Sauvaire

Starring: Joe Cole, Somluck Kamsing, Panya Yimmumphai

Three stars

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.

If you go...

Fly from Dubai or Abu Dhabi to Chiang Mai in Thailand, via Bangkok, before taking a five-hour bus ride across the Laos border to Huay Xai. The land border crossing at Huay Xai is a well-trodden route, meaning entry is swift, though travellers should be aware of visa requirements for both countries.

Flights from Dubai start at Dh4,000 return with Emirates, while Etihad flights from Abu Dhabi start at Dh2,000. Local buses can be booked in Chiang Mai from around Dh50

RedCrow Intelligence Company Profile

Started: 2016

Founders: Hussein Nasser Eddin, Laila Akel, Tayeb Akel 

Based: Ramallah, Palestine

Sector: Technology, Security

# of staff: 13

Investment: $745,000

Investors: Palestine’s Ibtikar Fund, Abu Dhabi’s Gothams and angel investors

The specs

Engine: 4.0-litre V8 twin-turbocharged and three electric motors

Power: Combined output 920hp

Torque: 730Nm at 4,000-7,000rpm

Transmission: 8-speed dual-clutch automatic

Fuel consumption: 11.2L/100km

On sale: Now, deliveries expected later in 2025

Price: expected to start at Dh1,432,000

EMIRATES'S%20REVISED%20A350%20DEPLOYMENT%20SCHEDULE
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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.”

Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants

Info

What: 11th edition of the Mubadala World Tennis Championship

When: December 27-29, 2018

Confirmed: men: Novak Djokovic, Rafael Nadal, Kevin Anderson, Dominic Thiem, Hyeon Chung, Karen Khachanov; women: Venus Williams

Tickets: www.ticketmaster.ae, Virgin megastores or call 800 86 823

TEACHERS' PAY - WHAT YOU NEED TO KNOW

Pay varies significantly depending on the school, its rating and the curriculum. Here's a rough guide as of January 2021:

- top end schools tend to pay Dh16,000-17,000 a month - plus a monthly housing allowance of up to Dh6,000. These tend to be British curriculum schools rated 'outstanding' or 'very good', followed by American schools

- average salary across curriculums and skill levels is about Dh10,000, recruiters say

- it is becoming more common for schools to provide accommodation, sometimes in an apartment block with other teachers, rather than hand teachers a cash housing allowance

- some strong performing schools have cut back on salaries since the pandemic began, sometimes offering Dh16,000 including the housing allowance, which reflects the slump in rental costs, and sheer demand for jobs

- maths and science teachers are most in demand and some schools will pay up to Dh3,000 more than other teachers in recognition of their technical skills

- at the other end of the market, teachers in some Indian schools, where fees are lower and competition among applicants is intense, can be paid as low as Dh3,000 per month

- in Indian schools, it has also become common for teachers to share residential accommodation, living in a block with colleagues

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Install an air filter in your home.

Close your windows and turn on the AC.

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Wear a face mask.

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Tips for newlyweds to better manage finances

All couples are unique and have to create a financial blueprint that is most suitable for their relationship, says Vijay Valecha, chief investment officer at Century Financial. He offers his top five tips for couples to better manage their finances.

Discuss your assets and debts: When married, it’s important to understand each other’s personal financial situation. It’s necessary to know upfront what each party brings to the table, as debts and assets affect spending habits and joint loan qualifications. Discussing all aspects of their finances as a couple prevents anyone from being blindsided later.

Decide on the financial/saving goals: Spouses should independently list their top goals and share their lists with one another to shape a joint plan. Writing down clear goals will help them determine how much to save each month, how much to put aside for short-term goals, and how they will reach their long-term financial goals.

Set a budget: A budget can keep the couple be mindful of their income and expenses. With a monthly budget, couples will know exactly how much they can spend in a category each month, how much they have to work with and what spending areas need to be evaluated.

Decide who manages what: When it comes to handling finances, it’s a good idea to decide who manages what. For example, one person might take on the day-to-day bills, while the other tackles long-term investments and retirement plans.

Money date nights: Talking about money should be a healthy, ongoing conversation and couples should not wait for something to go wrong. They should set time aside every month to talk about future financial decisions and see the progress they’ve made together towards accomplishing their goals.

EXPATS
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Updated: January 28, 2024, 3:01 PM