Egyptian President Abdel Fattah El Sisi shakes hands with US Secretary of State Antony Blinken during his visit to Cairo. EPA
Egyptian President Abdel Fattah El Sisi shakes hands with US Secretary of State Antony Blinken during his visit to Cairo. EPA
Egyptian President Abdel Fattah El Sisi shakes hands with US Secretary of State Antony Blinken during his visit to Cairo. EPA
Egyptian President Abdel Fattah El Sisi shakes hands with US Secretary of State Antony Blinken during his visit to Cairo. EPA

Antony Blinken's latest diplomatic push to halt Gaza war takes him to Egypt and Qatar


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Live updates: Follow the latest news on Israel-Gaza

US Secretary of State Antony Blinken travelled to Egypt and Qatar on Tuesday to push for a truce and “an enduring end” to the Israel-Gaza war.

In Qatar, Mr Blinken met Emir Sheikh Tamim as well as Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani.

Mr Blinken, now on his fifth tour of the Middle East since the Israel-Gaza war began, is pushing allies to coalesce around the latest hostage proposal that was hammered out by US, Egyptian and Qatari mediators in Paris last week.

According to reports, the proposal seeks a truce of up to three months, an exchange of Palestinian detainees and hostages in Gaza, and efforts to allow a significant amount of aid into the besieged enclave.

“We continue to believe that an agreement is possible and indeed essential,” Mr Blinken told reporters at a joint press conference with the Qatari Prime Minister.

“And we will continue to work relentlessly to achieve it.”

Qatar's Sheikh Mohammed confirmed that his country had received a response from Hamas after sending the proposal last week and had forwarded it to Israel.

US Secretary of State Antony Blinken greets Qatar's Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani in Doha. AFP
US Secretary of State Antony Blinken greets Qatar's Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani in Doha. AFP

“The reply includes some comments but in general it is positive,” he said.

Mr Blinken said the US was reviewing Hamas's response and that he would take up the issue with Israeli leaders when he travelled to the country on Wednesday.

The Israeli Prime Minister's office confirmed receipt of the proposal and said that details were being "thoroughly evaluated by the officials involved in the negotiations".

Before arriving in Doha, the secretary travelled to Egypt, where he met Egyptian President Abdel Fattah El Sisi, whose government has been working with the US and Qatar to mediate in the war.

The Secretary of State flew to Cairo from Riyadh, where he held talks with Crown Prince Mohammed bin Salman. Mr Blinken will travel later to Qatar and Israel.

Mr El Sisi's office said in a statement that his talks with Mr Blinken focused on efforts to mediate a halt to the fighting in Gaza and a prisoner and hostage swap between Israel and Hamas.

They also discussed the importance of allowing sufficient aid to reach the enclave to alleviate the suffering of Palestinians there.

The Egyptian leader emphasised to Mr Blinken the “crucial” role played by the UN agency for Palestinian refugees, UNRWA, the statement said.

Washington was one of several countries to freeze funds to UNRWA following allegations by Israel that some of the agency's employees took part in the attack by Hamas on Israel on October 7.

Egypt was among nations that strongly condemned the move.

Mr Blinken's trip has taken on increased urgency as Israeli forces in Gaza push farther south, towards the city of Rafah on the Egyptian border. More than half of the enclave’s 2.3 million population are believed to have taken shelter in the area.

A full-fledged Israeli offensive there is of particular concern to Egypt, which has for months warned against forcing Palestinians to flee Gaza and take refuge across the border in Egypt’s Sinai Peninsula.

Egypt believes forcing Gazans to flee across the border would “liquidate” the Palestinian cause, breach Egypt’s national security and create another hurdle in future negotiations to resolve the Palestinian-Israeli crisis.

The US and the EU have already said they are opposed to any action designed to force Gazans into Egypt.

Displaced Palestinians are living in makeshift tents metres away from the border fence. Volunteers on the Egyptian side have been providing Gazans with water from hoses and power from mobile generators placed by the fence.

Egypt in 1979 became the first Arab state to sign a peace treaty with Israel.

War without end

Israel has vowed to eradicate Hamas and says the war will not end until that goal is realised and hostages held by the militant group are released. The conflict was caused by a Hamas attack on southern Israel on October 7, when about 1,200 people were killed and 240 were captured and taken back to Gaza.

The attack drew a devastating response from Israel, whose bombardment of the enclave has since killed almost 28,000 Palestinians, displaced the vast majority of Gaza's residents and razed large built-up areas.

Saudi Crown Prince Mohammed bin Salman meets US Secretary of State Antony Blinken in Riyadh. AFP
Saudi Crown Prince Mohammed bin Salman meets US Secretary of State Antony Blinken in Riyadh. AFP

Israeli Prime Minister Benjamin Netanyahu has said “a complete victory [in Gaza] will deal a fatal blow” to Hamas and other Iran-backed militant groups in the region.

Mr Netanyahu, who has faced division within his cabinet and public fury over the fate of the remaining hostages, said Israel “will not accept” demands made by Hamas for an exchange.

His Likud party quoted him as saying the terms of any deal “should be similar to the previous agreement”, when some hostages were exchanged for Palestinian detainees during a truce in November.

The pause, mediated by the US, Qatar and Egypt, led to the release of more than 100 hostages in Gaza and hundreds of Palestinians held Israeli jails.

Hamas wants up to 5,000 Palestinians to be freed by Israel in exchange for the return of 132 hostages and remains the group is believed to hold in the enclave.

During his Middle East trip, Mr Blinken also aims to win backing for US plans for a postwar settlement in Gaza, ranging from the reconstruction plan for the devastated enclave to a broader settlement with the establishment of a Palestinian state – which Israel rules out for now – and the normalisation of relations between Arab countries and Israel.

“The president has emphasised [to Mr Blinken] … that serious steps towards a just and comprehensive settlement of the Palestinian issue must be taken to guarantee sustained stability in the region,” a statement from Mr El Sisi's office said.

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 five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

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Ahmed Saadawi
​​​​​​​Penguin Press

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MATCH INFO

Cricket World Cup League Two
Oman, UAE, Namibia
Al Amerat, Muscat
 
Results
Oman beat UAE by five wickets
UAE beat Namibia by eight runs
Namibia beat Oman by 52 runs
UAE beat Namibia by eight wickets
UAE v Oman - abandoned
Oman v Namibia - abandoned

MATCH INFO

Real Madrid 2

Vinicius Junior (71') Mariano (90 2')

Barcelona 0

Ticket prices
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The biogs

Name: Zinah Madi

Occupation: Co-founder of Dots and links

Nationality: Syrian

Family: Married, Mother of Tala, 18, Sharif, 14, Kareem, 2

Favourite Quote: “There is only one way to succeed in anything, and that is to give it everything.”

 

Name: Razan Nabulsi

Occupation: Co-founder of Dots and Links

Nationality: Jordanian

Family: Married, Mother of Yahya, 3.5

Favourite Quote: A Chinese proverb that says: “Be not afraid of moving slowly, be afraid only of standing still.”

The biog

From: Upper Egypt

Age: 78

Family: a daughter in Egypt; a son in Dubai and his wife, Nabila

Favourite Abu Dhabi activity: walking near to Emirates Palace

Favourite building in Abu Dhabi: Emirates Palace

Essentials
The flights: You can fly from the UAE to Iceland with one stop in Europe with a variety of airlines. Return flights with Emirates from Dubai to Stockholm, then Icelandair to Reykjavik, cost from Dh4,153 return. The whole trip takes 11 hours. British Airways flies from Abu Dhabi and Dubai to Reykjavik, via London, with return flights taking 12 hours and costing from Dh2,490 return, including taxes. 
The activities: A half-day Silfra snorkelling trip costs 14,990 Icelandic kronur (Dh544) with Dive.is. Inside the Volcano also takes half a day and costs 42,000 kronur (Dh1,524). The Jokulsarlon small-boat cruise lasts about an hour and costs 9,800 kronur (Dh356). Into the Glacier costs 19,500 kronur (Dh708). It lasts three to four hours.
The tours: It’s often better to book a tailor-made trip through a specialist operator. UK-based Discover the World offers seven nights, self-driving, across the island from £892 (Dh4,505) per person. This includes three nights’ accommodation at Hotel Husafell near Into the Glacier, two nights at Hotel Ranga and two nights at the Icelandair Hotel Klaustur. It includes car rental, plus an iPad with itinerary and tourist information pre-loaded onto it, while activities can be booked as optional extras. More information inspiredbyiceland.com

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All you need to know about Formula E in Saudi Arabia

What The Saudia Ad Diriyah E-Prix

When Saturday

Where Diriyah in Saudi Arabia

What time Qualifying takes place from 11.50am UAE time through until the Super Pole session, which is due to end at 12.55pm. The race, which will last for 45 minutes, starts at 4.05pm.

Who is competing There are 22 drivers, from 11 teams, on the grid, with each vehicle run solely on electronic power.

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Three-and-a-half stars

Francesco Totti's bio

Born September 27, 1976

Position Attacking midifelder

Clubs played for (1) - Roma

Total seasons 24

First season 1992/93

Last season 2016/17

Appearances 786

Goals 307

Titles (5) - Serie A 1; Italian Cup 2; Italian Supercup 2

Essentials

The flights
Etihad and Emirates fly direct from the UAE to Delhi from about Dh950 return including taxes.
The hotels
Double rooms at Tijara Fort-Palace cost from 6,670 rupees (Dh377), including breakfast.
Doubles at Fort Bishangarh cost from 29,030 rupees (Dh1,641), including breakfast. Doubles at Narendra Bhawan cost from 15,360 rupees (Dh869). Doubles at Chanoud Garh cost from 19,840 rupees (Dh1,122), full board. Doubles at Fort Begu cost from 10,000 rupees (Dh565), including breakfast.
The tours 
Amar Grover travelled with Wild Frontiers. A tailor-made, nine-day itinerary via New Delhi, with one night in Tijara and two nights in each of the remaining properties, including car/driver, costs from £1,445 (Dh6,968) per person.

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Men:
56kg – Jorge Nakamura
62kg – Joao Gabriel de Sousa
69kg – Gianni Grippo
77kg – Caio Soares
85kg – Manuel Ribamar
94kg – Gustavo Batista
110kg – Erberth Santos

Women:
49kg – Mayssa Bastos
55kg – Nathalie Ribeiro
62kg – Gabrielle McComb
70kg – Thamara Silva
90kg – Gabrieli Pessanha

THE BIO

Favourite car: Koenigsegg Agera RS or Renault Trezor concept car.

Favourite book: I Am Pilgrim by Terry Hayes or Red Notice by Bill Browder.

Biggest inspiration: My husband Nik. He really got me through a lot with his positivity.

Favourite holiday destination: Being at home in Australia, as I travel all over the world for work. It’s great to just hang out with my husband and family.

 

 

THE BIO

Family: I have three siblings, one older brother (age 25) and two younger sisters, 20 and 13 

Favourite book: Asking for my favourite book has to be one of the hardest questions. However a current favourite would be Sidewalk by Mitchell Duneier

Favourite place to travel to: Any walkable city. I also love nature and wildlife 

What do you love eating or cooking: I’m constantly in the kitchen. Ever since I changed the way I eat I enjoy choosing and creating what goes into my body. However, nothing can top home cooked food from my parents. 

Favorite place to go in the UAE: A quiet beach.

How to help

Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
2252 – Dh 50
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6027 – Dh 100
6026 – Dh 200

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GIANT REVIEW

Starring: Amir El-Masry, Pierce Brosnan

Director: Athale

Rating: 4/5

COMPANY PROFILE

Name: N2 Technology

Founded: 2018

Based: Dubai, UAE

Sector: Startups

Size: 14

Funding: $1.7m from HNIs

Updated: February 06, 2024, 8:48 PM