Live updates: Follow the latest news on Israel-Gaza
Iraqi Prime Minister Mohammed Shia Al Sudani lashed out on Monday at the international community for not stopping the month-long Israel-Gaza war, calling it a “genocide” against the Palestinian people.
“We say it clearly, that the international community has failed in fulfilling their duties and commitments,” Mr Al Sudani told a joint press conference with Iranian President Ebrahim Raisi in Tehran.
More than 10,000 people have been killed in Israel's bombardment of Gaza since the October 7 Hamas attack on Israel, that killed 1,400 people.
Meanwhile, clashes between Israel and Hezbollah and its allies in southern Lebanon, as well as drone and missile attacks by Iran's proxies against US troops in Iraq and Syria, have raised concerns about a regional spillover of the Gaza war.
The US has warned regional players not to take advantage of the conflict to attack its troops and interests, or Israel, and has strengthened its presence in the region with aircraft carrier groups.
“Anyone who wants to contain this conflict and to prevent its spillover in the region should exert pressure on the authorities of the occupation to stop this aggression and the devastating and systematic killing,” Mr Al Sudani said.
“The decision to draw the region into an all-out war that threatens both regional and global peace and security lies with the party that engages in aggression and targets the people of Gaza.”
Mr Raisi accused the US of “encouraging” Israel to kill and carry out “cruel acts” against Palestinians in the besieged Gaza Strip.
“The aid from the United States to the Zionist regime [Israel] is encouraging them to kill and commit cruel acts of neglect against the Palestinian people,” Mr Raisi said.
“We believe that the bombings must stop as soon as possible, that a ceasefire must be declared immediately and that aid be provided to the oppressed and proud people of Gaza.
“These horrible crimes against humanity are a genocide, which is carried out by the Zionist regime [Israel] with the support of the United States and certain European countries.”
Earlier on Monday, Mr Al Sudani's adviser Husham Al Rikabi said the Prime Minister would visit a “number of brotherly and friendly countries” in the region as "part of Iraq’s efforts to stop the aggression against the Palestinian people”. He did not name the countries.
Mr Al Sudani returned to Baghdad from Tehran on Monday afternoon, the official Iraq News Agency reported.
US Iraq warning
Mr Al Sudani met US Secretary of State Antony Blinken in Baghdad on Sunday evening, with the American official warning that his country would take every step necessary to protect its troops in Iraq and Syria from attacks by Iran-backed Shiite militias.
“I made very clear that attacks or threats coming from militias that are aligned with Iran are totally unacceptable, and we will take every necessary step to protect our people,” Mr Blinken told reporters accompanying him after the meeting, according to AFP.
The State Department said he urged Mr Al Sudani to “hold accountable those responsible for continuing attacks on US personnel in Iraq and fulfil Iraq’s commitments to protect all installations hosting US personnel at the invitation of the Iraqi government”.
“Secretary Blinken made clear that the US will defend its interests and personnel,” it said.
Days after Hamas fighters killed more than 1,400 people in Israel on October 7, Iraqi Shiite militias resumed attacks against US troops in Iraq and Syria.
Dozens of drone and missile attacks have been claimed by the Islamic Resistance in Iraq, a network of Iran-allied groups, due to Washington's support for Israel's bombardment of the Gaza Strip.
Among the targets were the Ain Al Asad base in Anbar province, a military site near Baghdad's international airport, and Harir airbase, in the northern city of Erbil.
Attacks have also been launched against US bases in Syria, with militias also recently claiming responsibility for hitting Israeli targets in the Dead Sea region.
UAE currency: the story behind the money in your pockets
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
Scoreline
Man Utd 2 Pogba 27', Martial 49'
Everton 1 Sigurdsson 77'
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.”
How it works
A $10 hand-powered LED light and battery bank
Device is operated by hand cranking it at any time during the day or night
The charge is stored inside a battery
The ratio is that for every minute you crank, it provides 10 minutes light on the brightest mode
A full hand wound charge is of 16.5minutes
This gives 1.1 hours of light on high mode or 2.5 hours of light on low mode
When more light is needed, it can be recharged by winding again
The larger version costs between $18-20 and generates more than 15 hours of light with a 45-minute charge
No limit on how many times you can charge
Know your Camel lingo
The bairaq is a competition for the best herd of 50 camels, named for the banner its winner takes home
Namoos - a word of congratulations reserved for falconry competitions, camel races and camel pageants. It best translates as 'the pride of victory' - and for competitors, it is priceless
Asayel camels - sleek, short-haired hound-like racers
Majahim - chocolate-brown camels that can grow to weigh two tonnes. They were only valued for milk until camel pageantry took off in the 1990s
Millions Street - the thoroughfare where camels are led and where white 4x4s throng throughout the festival
INFO
Everton 0
Arsenal 0
Man of the Match: Djibril Sidibe (Everton)
The specs
Engine: four-litre V6 and 3.5-litre V6 twin-turbo
Transmission: six-speed and 10-speed
Power: 271 and 409 horsepower
Torque: 385 and 650Nm
Price: from Dh229,900 to Dh355,000
Juliet, Naked
Dir: Jesse Peretz
Starring: Chris O'Dowd, Rose Byrne, Ethan Hawke
Two stars
Vidaamuyarchi
Director: Magizh Thirumeni
Stars: Ajith Kumar, Arjun Sarja, Trisha Krishnan, Regina Cassandra
Rating: 4/5
