US President Joe Biden, accompanied by Vice President Kamala Harris, speaks at the Rose Garden of the White House in Washington, US, May 13, 2021. Reuters
US President Joe Biden, accompanied by Vice President Kamala Harris, speaks at the Rose Garden of the White House in Washington, US, May 13, 2021. Reuters
US President Joe Biden, accompanied by Vice President Kamala Harris, speaks at the Rose Garden of the White House in Washington, US, May 13, 2021. Reuters
US President Joe Biden, accompanied by Vice President Kamala Harris, speaks at the Rose Garden of the White House in Washington, US, May 13, 2021. Reuters

Israel-Palestine conflict: Biden calls Netanyahu and Abbas in push for peace


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Joe Biden, the US president, has spoken to both Israeli Prime Minister Benjamin Netanyahu and Palestinian Authority President Mahmoud Abbas in a new diplomatic push to end the conflict between Israel and militant group Hamas, during which at least 145 Palestinians and 10 Israelis have died.

"The President reaffirmed his strong support for Israel’s right to defend itself against rocket attacks from Hamas and other terrorist groups in Gaza. He condemned these indiscriminate attacks against towns and cities across Israel," read a statement from the White House regarding the call with Mr Netanyahu, echoing a long standing US position against any attacks on its Israeli ally.

But Mr Biden differed starkly with Mr Netanyahu on the issue of a lasting solution to the violence, expressing support for a two-state solution and "his support for steps to enable the Palestinian people to enjoy the dignity, security, freedom and economic opportunity that they deserve."

In 2019, Mr Netanyahu announced that Israel was considering annexing the occupied West Bank.

Under Mr Netanyahu's government, restrictions on Palestinian freedom of movement have also continued, curtailing economic opportunity for Palestinian residents of occupied territory.

Mr Biden also held his first call with Palestinian Authority President Mahmoud Abbas to discuss the violence, in which he called for Hamas to stop firing rockets into Israel.

Mr Abbas reportedly told Mr Biden that “security and stability will be achieved when the Israeli occupation ends,” adding that Palestinians are ready and willing to work toward peace with international mediators.

Mr Biden said that diplomatic efforts would continue with "partners in the region", and that "this current period of conflict has tragically claimed the lives of Israeli and Palestinian civilians, including children."

At least 41 children in Gaza have died in the conflict, according to the Palestinian Health Ministry, as Israeli airstrikes target Hamas militants in the heavily built up enclave.

Two Israeli children have also been killed by Hamas rockets.

On Saturday, Israel created more controversy by bombing the shared media offices of regional TV network Al Jazeera and the Associated Press.

The site had been evacuated following an Israeli warning one hour before the strike and an Israeli military statement later claimed the site had been used by "Hamas intelligence".

On the media office bombing, Mr Biden expressed "concerns about the safety and security of journalists and reinforced the need to ensure their protection."

The current conflict has also seen mob violence in Israeli cities, with rival gangs of roaming extremists attacking mosques and synagogues.

In the city of Lod, which has been badly affected by community violence, the mayor warned Israel was descending into "civil war".

"The President shared his grave concern about the intercommunal violence across Israel. He welcomed the statements by the Prime Minister and other leaders opposing such hateful acts and encouraged continued steps to hold violent extremists accountable and to establish calm," Mr Biden said.

The statement concluded that the two leaders discussed "their shared desire for Jerusalem to be a place of peaceful coexistence for people of all faiths and backgrounds. The President voiced his concern about violent confrontations in the West Bank."

Profile

Co-founders of the company: Vilhelm Hedberg and Ravi Bhusari

Launch year: In 2016 ekar launched and signed an agreement with Etihad Airways in Abu Dhabi. In January 2017 ekar launched in Dubai in a partnership with the RTA.

Number of employees: Over 50

Financing stage: Series B currently being finalised

Investors: Series A - Audacia Capital 

Sector of operation: Transport

Tributes from the UAE's personal finance community

• Sebastien Aguilar, who heads SimplyFI.org, a non-profit community where people learn to invest Bogleheads’ style

“It is thanks to Jack Bogle’s work that this community exists and thanks to his work that many investors now get the full benefits of long term, buy and hold stock market investing.

Compared to the industry, investing using the common sense approach of a Boglehead saves a lot in costs and guarantees higher returns than the average actively managed fund over the long term. 

From a personal perspective, learning how to invest using Bogle’s approach was a turning point in my life. I quickly realised there was no point chasing returns and paying expensive advisers or platforms. Once money is taken care off, you can work on what truly matters, such as family, relationships or other projects. I owe Jack Bogle for that.”

• Sam Instone, director of financial advisory firm AES International

"Thought to have saved investors over a trillion dollars, Jack Bogle’s ideas truly changed the way the world invests. Shaped by his own personal experiences, his philosophy and basic rules for investors challenged the status quo of a self-interested global industry and eventually prevailed.  Loathed by many big companies and commission-driven salespeople, he has transformed the way well-informed investors and professional advisers make decisions."

• Demos Kyprianou, a board member of SimplyFI.org

"Jack Bogle for me was a rebel, a revolutionary who changed the industry and gave the little guy like me, a chance. He was also a mentor who inspired me to take the leap and take control of my own finances."

• Steve Cronin, founder of DeadSimpleSaving.com

"Obsessed with reducing fees, Jack Bogle structured Vanguard to be owned by its clients – that way the priority would be fee minimisation for clients rather than profit maximisation for the company.

His real gift to us has been the ability to invest in the stock market (buy and hold for the long term) rather than be forced to speculate (try to make profits in the shorter term) or even worse have others speculate on our behalf.

Bogle has given countless investors the ability to get on with their life while growing their wealth in the background as fast as possible. The Financial Independence movement would barely exist without this."

• Zach Holz, who blogs about financial independence at The Happiest Teacher

"Jack Bogle was one of the greatest forces for wealth democratisation the world has ever seen.  He allowed people a way to be free from the parasitical "financial advisers" whose only real concern are the fat fees they get from selling you over-complicated "products" that have caused millions of people all around the world real harm.”

• Tuan Phan, a board member of SimplyFI.org

"In an industry that’s synonymous with greed, Jack Bogle was a lone wolf, swimming against the tide. When others were incentivised to enrich themselves, he stood by the ‘fiduciary’ standard – something that is badly needed in the financial industry of the UAE."

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UAE v Zimbabwe A, 50 over series

Fixtures
Thursday, Nov 9 - 9.30am, ICC Academy, Dubai
Saturday, Nov 11 – 9.30am, ICC Academy, Dubai
Monday, Nov 13 – 2pm, Dubai International Stadium
Thursday, Nov 16 – 2pm, ICC Academy, Dubai
Saturday, Nov 18 – 9.30am, ICC Academy, Dubai