Gaza has been struck repeatedly by Israel following the attack by Hamas. UN Secretary General Antonio Guterres has called for an immediate ceasefire in the enclave. Bloomberg
Gaza has been struck repeatedly by Israel following the attack by Hamas. UN Secretary General Antonio Guterres has called for an immediate ceasefire in the enclave. Bloomberg
Gaza has been struck repeatedly by Israel following the attack by Hamas. UN Secretary General Antonio Guterres has called for an immediate ceasefire in the enclave. Bloomberg
Gaza has been struck repeatedly by Israel following the attack by Hamas. UN Secretary General Antonio Guterres has called for an immediate ceasefire in the enclave. Bloomberg

EU leaders under pressure to call for ‘humanitarian pause’ in Gaza


Sunniva Rose
  • English
  • Arabic

Live updates: Follow the latest news on Israel-Gaza

Pressure is mounting on European heads of state, scheduled to meet in Brussels on Thursday, to call for a “humanitarian pause” in the Gaza Strip as the bloc’s member states remain divided about how to respond to the conflict.

In an apparent sign of sensitivity of the topic, European politicians have told The National calling for a ceasefire instead of a “humanitarian pause” in a resolution adopted last week would have torpedoed the text, which received 500 out of 545 votes in favour.

“I think we wouldn’t have reached a majority if our amendment on the ceasefire would have been voted,” said MEP Jordi Sole, a Spaniard who negotiated on behalf of Europe’s Greens group on the resolution.

“I think it’s better to have got 'humanitarian pause' in the text than nothing,” he told The National.

The resolution focused on the “despicable attacks by Hamas against Israel, Israel’s right to defend itself in line with humanitarian and international law and the humanitarian situation in Gaza”.

Its lead negotiator, MEP Hilde Vautmans, said she was “personally in favour of a ceasefire”, a call previously made by UN Secretary General Antonio Guterres.

“However, the compromise with all the groups was to call for a humanitarian pause,” she said, answering written questions sent by The National.

“This means we are calling at least for a halt of fire around the humanitarian corridors – which we are still waiting for," added Ms Vautmans, a Belgian politician from the centrist Renew group.

“All crossing points need to be reopened, in co-ordination with both Israel and Egypt, to provide the much-needed humanitarian aid and allow those who want to flee to find a safe haven."

'Epic suffering'

Speaking to the UN Security Council, Mr Guterres on Tuesday said an immediate ceasefire was necessary to end the “epic suffering” in Gaza.

Hamas, which is designated a terrorist organisation by the EU and other western countries, killed more than 1,400 Israelis in a raid on October 7.

Israel has responded with a total blockade and intense shelling of the Gaza Strip in which more than 5,700 Palestinians have been killed.

  • Hind Khoudary is a Palestinian freelance journalist documenting the devastation in the Gaza Strip. Photo: Hind Khoudary
    Hind Khoudary is a Palestinian freelance journalist documenting the devastation in the Gaza Strip. Photo: Hind Khoudary
  • Khoudary's husband’s family home was hit by Israeli forces. Photo: Hind Khoudary
    Khoudary's husband’s family home was hit by Israeli forces. Photo: Hind Khoudary
  • People in Al Quds hospital refused to leave despite evacuation warnings. Photo: Hind Khoudary
    People in Al Quds hospital refused to leave despite evacuation warnings. Photo: Hind Khoudary
  • Internet disruption has disconnected many residents from the rest of the world. Photo: Hind Khoudary
    Internet disruption has disconnected many residents from the rest of the world. Photo: Hind Khoudary
  • Palestinian Christians mourn family members after an Israeli air strike hit a building in a complex housing one of the oldest churches in the world. Photo: Abed Elhakeem Abo Riash
    Palestinian Christians mourn family members after an Israeli air strike hit a building in a complex housing one of the oldest churches in the world. Photo: Abed Elhakeem Abo Riash
  • Palestinian Christians after an Israeli air strike on a church in Gaza. Photo: Abed Elhakeem Abo Riash
    Palestinian Christians after an Israeli air strike on a church in Gaza. Photo: Abed Elhakeem Abo Riash
  • The Baptist Hospital in Gaza was bombed by Israeli warplanes. Photo: Abed Elhakeem Abo Riash
    The Baptist Hospital in Gaza was bombed by Israeli warplanes. Photo: Abed Elhakeem Abo Riash
  • A young child awaits medical treatment. Photo: Abed Elhakeem Abo Riash
    A young child awaits medical treatment. Photo: Abed Elhakeem Abo Riash

Mr Guterres said the Hamas attacks were “appalling” but also highlighted the “suffocating occupation” to which Palestinians have been subjected for the past five decades.

The Hamas raids “did not happen in a vacuum”, he said.

"The grievances of the Palestinian people cannot justify the appalling attacks by Hamas and those appalling attacks cannot justify the collective punishment of the Palestinian people."

The comments triggered a strong rebuke from Israel’s envoy to the UN, Gilad Erdan, who called on Mr Guterres to resign.

EU countries have so far been more cautious than the UN, with some critics describing the bloc's reaction as staunchly pro-Israeli. Few leaders have so far contextualised the attacks.

“If you say that [the Hamas attacks] did not happen in a vacuum, you’re indirectly, according to some interpretations, recognising the legitimate resistance to the occupation which is not acceptable for a majority of member states,” one EU official told The National.

“Terrorist attacks cannot be seen in the context of the Palestinian struggle. This must happen in a political context that we have been advocating for."

The European Parliament resolution calls on “a fundamental change to the political, security and economic situation in the Gaza Strip”.

Mr Sole said his group had asked for the resolution to include a call to end the blockade but there was no majority for this.

“My understanding is that 'fundamental change' points to the need of replacing Hamas rule and establishing another security environment as the condition for Israel ending the blockade and thus alleviating the harsh socioeconomic conditions in the strip,” he said.

  • Palestinians check the damage at the site of Israeli strikes on houses in Khan Younis in the southern Gaza Strip. Reuters
    Palestinians check the damage at the site of Israeli strikes on houses in Khan Younis in the southern Gaza Strip. Reuters
  • Israeli soldiers and military vehicles near the border with Gaza. EPA
    Israeli soldiers and military vehicles near the border with Gaza. EPA
  • Palestinians injured in Israeli air raids arrive at Nasser Medical Hospital in Khan Younis, Gaza. Getty Images
    Palestinians injured in Israeli air raids arrive at Nasser Medical Hospital in Khan Younis, Gaza. Getty Images
  • Protesters call for a ceasefire and the release of hostages held by Hamas since the October 7 attack. AFP
    Protesters call for a ceasefire and the release of hostages held by Hamas since the October 7 attack. AFP
  • The protest was held near the headquarters of the Israeli Defence Ministry in Tel Aviv. AFP
    The protest was held near the headquarters of the Israeli Defence Ministry in Tel Aviv. AFP
  • Smoke and flames rise from buildings after an Israeli strike on Gaza City. AFP
    Smoke and flames rise from buildings after an Israeli strike on Gaza City. AFP
  • Destruction in Gaza City after an Israeli air strike. AFP
    Destruction in Gaza City after an Israeli air strike. AFP
  • A wounded Palestinian is taken into Al Shifa hospital after Israeli air strikes on Gaza City. AP
    A wounded Palestinian is taken into Al Shifa hospital after Israeli air strikes on Gaza City. AP
  • Israelis at a cemetery in Holon during a funeral take cover as a siren warns of incoming rockets fired from the Gaza Strip. AP
    Israelis at a cemetery in Holon during a funeral take cover as a siren warns of incoming rockets fired from the Gaza Strip. AP
  • Posters of hostages abducted by Hamas form part of an installation consisting of 224 light pillars erected by the Jerusalem municipality outside Teddy Stadium. AFP
    Posters of hostages abducted by Hamas form part of an installation consisting of 224 light pillars erected by the Jerusalem municipality outside Teddy Stadium. AFP
  • Supporters of Palestine hold a rally in New York's financial district to demand that American financial institutions stop financing weapons manufacturing. AFP
    Supporters of Palestine hold a rally in New York's financial district to demand that American financial institutions stop financing weapons manufacturing. AFP
  • Army rescue crews assess the damage after a rocket fired from the Gaza Strip hit a building in Rishon LeTsiyon, Israel. Getty Images
    Army rescue crews assess the damage after a rocket fired from the Gaza Strip hit a building in Rishon LeTsiyon, Israel. Getty Images
  • Israeli strikes as seen from a tent camp sheltering displaced Palestinians. Reuters
    Israeli strikes as seen from a tent camp sheltering displaced Palestinians. Reuters
  • Israeli armoured vehicles take part in an operation, as the conflict between Israel and Hamas continues, at a location given as the northern Gaza Strip. Reuters
    Israeli armoured vehicles take part in an operation, as the conflict between Israel and Hamas continues, at a location given as the northern Gaza Strip. Reuters
  • A Palestinian man is comforted as he mourns the death of his daughter and his wife, who were killed by Israeli strikes. Reuters
    A Palestinian man is comforted as he mourns the death of his daughter and his wife, who were killed by Israeli strikes. Reuters
  • Satellite view of damaged areas in the Beit Hanoun district of Gaza as a result of fighting between Israel and Hamas. Reuters
    Satellite view of damaged areas in the Beit Hanoun district of Gaza as a result of fighting between Israel and Hamas. Reuters
  • Beit Hanoun was hit by Israeli missiles. Reuters
    Beit Hanoun was hit by Israeli missiles. Reuters
  • Two brothers on a stretcher after being rescued from beneath the rubble of a destroyed area in Gaza. EPA
    Two brothers on a stretcher after being rescued from beneath the rubble of a destroyed area in Gaza. EPA
  • Israeli security forces gather along a cordoned-off street where an apartment building was hit by a rocket fired from Gaza, in Rishon LeZion, near Tel Aviv. AFP
    Israeli security forces gather along a cordoned-off street where an apartment building was hit by a rocket fired from Gaza, in Rishon LeZion, near Tel Aviv. AFP
  • Rescuers in front of an apartment building hit by a rocket in the Israeli city of Rishon LeZion. AFP
    Rescuers in front of an apartment building hit by a rocket in the Israeli city of Rishon LeZion. AFP
  • Red Crescent Society employees and volunteers handle humanitarian aid bound for Gaza at a warehouse in Arish, Egypt. EPA
    Red Crescent Society employees and volunteers handle humanitarian aid bound for Gaza at a warehouse in Arish, Egypt. EPA
  • Men lower one of the coffins during the funeral of British-Israelis Lianne Sharabi and her daughters Noiya Sharabi, 16, and Yahel Sharabi, 13, in Kfar Harif, Israel. EPA
    Men lower one of the coffins during the funeral of British-Israelis Lianne Sharabi and her daughters Noiya Sharabi, 16, and Yahel Sharabi, 13, in Kfar Harif, Israel. EPA
  • An Israeli soldier in a ruined house in the kibbutz of Beeri, near the border with Gaza. EPA
    An Israeli soldier in a ruined house in the kibbutz of Beeri, near the border with Gaza. EPA
  • The aftermath of wide-scale strikes, which Israel says struck Hamas emergency operational apparatus, including war rooms, infrastructure and military headquarters, in Gaza. Reuters
    The aftermath of wide-scale strikes, which Israel says struck Hamas emergency operational apparatus, including war rooms, infrastructure and military headquarters, in Gaza. Reuters
  • Palestinians search for casualties after Israeli attacks on houses in Khan Younis in the southern Gaza Strip. Reuters
    Palestinians search for casualties after Israeli attacks on houses in Khan Younis in the southern Gaza Strip. Reuters
  • Rescuers look for casualties in Khan Younis. Reuters
    Rescuers look for casualties in Khan Younis. Reuters
  • Palestinian Ali Daba and his wife have separated their children and given them bracelets to help identify them in case they are killed in Israeli strikes. Their daughter shows her bracelet at their shelter in Khan Younis. Reuters
    Palestinian Ali Daba and his wife have separated their children and given them bracelets to help identify them in case they are killed in Israeli strikes. Their daughter shows her bracelet at their shelter in Khan Younis. Reuters
  • In Tel Aviv, teddy bears with their eyes covered and signs of injury go on show to highlight the young children and babies missing, believed to be being held by Hamas. Getty
    In Tel Aviv, teddy bears with their eyes covered and signs of injury go on show to highlight the young children and babies missing, believed to be being held by Hamas. Getty
  • Palestinians near the rubble of a building following overnight Israeli strikes on the Rafah refugee camp in the southern Gaza Strip. AFP
    Palestinians near the rubble of a building following overnight Israeli strikes on the Rafah refugee camp in the southern Gaza Strip. AFP
  • Members of the Palestine Red Crescent Society distribute aid in Deir Al Balah, in the Gaza Strip. Reuters
    Members of the Palestine Red Crescent Society distribute aid in Deir Al Balah, in the Gaza Strip. Reuters
  • Pro-Israel, left, and pro-Palestine protesters face off during a demonstration in reaction to the Gaza conflict, in central Atlanta, Georgia. EPA
    Pro-Israel, left, and pro-Palestine protesters face off during a demonstration in reaction to the Gaza conflict, in central Atlanta, Georgia. EPA
  • Orit Meir, the mother of Almog Meir Jan who was taken hostage by Hamas while attending the Nova festival in Israel, at the family's home in Or Yehuda. Reuters
    Orit Meir, the mother of Almog Meir Jan who was taken hostage by Hamas while attending the Nova festival in Israel, at the family's home in Or Yehuda. Reuters
  • A soldier puts on protective gear in Ramle, Israel, as he prepares to identify those killed by Hamas during the October 7 attack. Getty Images
    A soldier puts on protective gear in Ramle, Israel, as he prepares to identify those killed by Hamas during the October 7 attack. Getty Images
  • Palestinians wounded in Israeli air strikes arrive at Nasser hospital in Khan Younis, Gaza. Getty Images
    Palestinians wounded in Israeli air strikes arrive at Nasser hospital in Khan Younis, Gaza. Getty Images
  • US Secretary of State Antony Blinken, centre, speaks with the father of one of the hostages held by Hamas, before a UN Security Council meeting in New York. EPA
    US Secretary of State Antony Blinken, centre, speaks with the father of one of the hostages held by Hamas, before a UN Security Council meeting in New York. EPA
  • French President Emmanuel Macron, left, and Palestinian President Mahmoud Abbas attend a meeting in the occupied West Bank city of Ramallah. EPA
    French President Emmanuel Macron, left, and Palestinian President Mahmoud Abbas attend a meeting in the occupied West Bank city of Ramallah. EPA
  • Survivors of Israel's bombardment of Gaza being treated at a trauma ward at Nasser hospital in Khan Younis. AFP
    Survivors of Israel's bombardment of Gaza being treated at a trauma ward at Nasser hospital in Khan Younis. AFP
  • Smoke rises after an air strike on Gaza, as seen from southern Israel. Reuters
    Smoke rises after an air strike on Gaza, as seen from southern Israel. Reuters
  • A woman holds placards identifying one of the Israeli hostages held by Hamas during a demonstration in Tel Aviv. AFP
    A woman holds placards identifying one of the Israeli hostages held by Hamas during a demonstration in Tel Aviv. AFP

A pause ... or pauses?

Ms Vautmans said: “We reiterated the longstanding position of the international community as a whole and the EU, since 2007 [the year of Hamas’s takeover of the enclave] that the blockade of Gaza constitutes a collective punishment with real consequences for 2.3 million people.

“We call for this siege to be lifted, while respecting Israel’s legitimate security concerns.”

The National has also reached out to MEPs from the socialists and democrats and the European People’s Party. The S&D did not respond and the EPP postponed a call due to time constraints.

Since the start of the latest Israel-Gaza war, a few lorries with essential aid supplies have crossed into the strip from Egypt. But many, including US President Joe Biden, say that it is not enough.

The UN agency for Palestinian refugees on Tuesday warned operations were at breaking point and that fuel was urgently required.

Despite growing unease about the humanitarian situation in Gaza, divisions at EU level were apparent at a meeting of foreign ministers on Monday in Luxembourg.

While countries such as Ireland made explicit statements calling for a “humanitarian pause”, others including the Czech Republic skirted around the issue, saying “the question is how it would be established”.

But EU heads of state seem on track to agreeing to some kind of language on the need for a humanitarian pause in a two-day summit starting on Thursday.

In a statement on behalf of the EU to the UN Security Council on Tuesday, head of delegation Olof Skoog said: “What is needed now is the establishment of humanitarian corridors and pauses.”

This would help secure the release of the more than 200 Israeli hostages held by Hamas and allow the safe passage of humanitarian aid, while ensuring it is not “abused by terrorist organisations but ends up in the hands of those in need”, said Mr Skoog.

Whether European leaders agree on calling for only one or for several pauses this week is currently under discussion.

Whatever is chosen in the end matters little, said the EU official, since any humanitarian pause can itself be halted for fighting to resume.

"It’s EU jargon at this point,” the source said.

Infiniti QX80 specs

Engine: twin-turbocharged 3.5-liter V6

Power: 450hp

Torque: 700Nm

Price: From Dh450,000, Autograph model from Dh510,000

Available: Now

War 2

Director: Ayan Mukerji

Stars: Hrithik Roshan, NTR, Kiara Advani, Ashutosh Rana

Rating: 2/5

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

ZIMBABWE V UAE, ODI SERIES

All matches at the Harare Sports Club:

1st ODI, Wednesday - Zimbabwe won by 7 wickets

2nd ODI, Friday, April 12

3rd ODI, Sunday, April 14

4th ODI, Tuesday, April 16

UAE squad: Mohammed Naveed (captain), Rohan Mustafa, Ashfaq Ahmed, Shaiman Anwar, Mohammed Usman, CP Rizwan, Chirag Suri, Mohammed Boota, Ghulam Shabber, Sultan Ahmed, Imran Haider, Amir Hayat, Zahoor Khan, Qadeer Ahmed

The%20Crown%20season%205
%3Cp%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EImelda%20Staunton%2C%20Jonathan%20Pryce%2C%20Lesley%20Manville%2C%20Jonny%20Lee%20Miller%2C%20Dominic%20West%2C%20Elizabeth%20Debicki%2C%20Salim%20Daw%20and%20Khalid%20Abdalla%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EWritten%20by%3A%20%3C%2Fstrong%3EPeter%20Morgan%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%20stars%3C%2Fp%3E%0A
UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.0-litre%204-cyl%20turbo%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E190hp%20at%205%2C600rpm%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E320Nm%20at%201%2C500-4%2C000rpm%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E7-speed%20dual-clutch%20auto%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E10.9L%2F100km%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh119%2C900%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%3C%2Fp%3E%0A
The%20specs%20
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.0-litre%204cyl%20turbo%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E261hp%20at%205%2C500rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E400Nm%20at%201%2C750-4%2C000rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E7-speed%20dual-clutch%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E10.5L%2F100km%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh129%2C999%20(VX%20Luxury)%3B%20from%20Dh149%2C999%20(VX%20Black%20Gold)%3C%2Fp%3E%0A
Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Results

5pm: Maiden (PA) Dh80,000 (Turf) 1,200m, Winner: ES Rubban, Antonio Fresu (jockey), Ibrahim Aseel (trainer)

5.30pm: Handicap (PA) Dh85,000 (T) 1,200m, Winner: Al Mobher, Sczcepan Mazur, Ibrahim Al Hadhrami

6pm: Handicap (PA) Dh80,000 (T) 2,200m, Winner: Jabalini, Tadhg O’Shea, Ibrahim Al Hadhrami

6.30pm: Wathba Stallions Cup (PA) Dh70,000 (T) 2,200m, Winner: AF Abahe, Tadgh O’Shea, Ernst Oertel

7pm: Handicap (PA) Dh85,000 (T) 1,600m, Winner: AF Makerah, Tadhg O’Shea, Ernst Oertel

7.30pm: Maiden (TB) Dh80,000 (T) 1,600m, Winner: Law Of Peace, Tadhg O’Shea, Satish Seemar

The finalists

Player of the Century, 2001-2020: Cristiano Ronaldo (Juventus), Lionel Messi (Barcelona), Mohamed Salah (Liverpool), Ronaldinho

Coach of the Century, 2001-2020: Pep Guardiola (Manchester City), Jose Mourinho (Tottenham Hotspur), Zinedine Zidane (Real Madrid), Sir Alex Ferguson

Club of the Century, 2001-2020: Al Ahly (Egypt), Bayern Munich (Germany), Barcelona (Spain), Real Madrid (Spain)

Player of the Year: Cristiano Ronaldo, Lionel Messi, Robert Lewandowski (Bayern Munich)

Club of the Year: Bayern Munich, Liverpool, Real Madrid

Coach of the Year: Gian Piero Gasperini (Atalanta), Hans-Dieter Flick (Bayern Munich), Jurgen Klopp (Liverpool)

Agent of the Century, 2001-2020: Giovanni Branchini, Jorge Mendes, Mino Raiola

Scorebox

Sharjah Wanderers 20-25 Dubai Tigers (After extra-time)

Wanderers

Tries Gormley, Penalty

Cons Flaherty

Pens Flaherty 2

Tigers

Tries O’Donnell, Gibbons, Kelly

Cons Caldwell 2

Pens Caldwell, Cross

Itcan profile

Founders: Mansour Althani and Abdullah Althani

Based: Business Bay, with offices in Saudi Arabia, Egypt and India

Sector: Technology, digital marketing and e-commerce

Size: 70 employees 

Revenue: On track to make Dh100 million in revenue this year since its 2015 launch

Funding: Self-funded to date

 

Drishyam 2

Directed by: Jeethu Joseph

Starring: Mohanlal, Meena, Ansiba, Murali Gopy

Rating: 4 stars

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

The specs

Price, base / as tested Dh1,100,000 (est)

Engine 5.2-litre V10

Gearbox seven-speed dual clutch

Power 630bhp @ 8,000rpm

Torque 600Nm @ 6,500rpm

Fuel economy, combined 15.7L / 100km (est) 

The low down

Producers: Uniglobe Entertainment & Vision Films

Director: Namrata Singh Gujral

Cast: Rajkummar Rao, Nargis Fakhri, Bo Derek, Candy Clark

Rating: 2/5

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 the bonus system works

The two riders are among several riders in the UAE to receive the top payment of £10,000 under the Thank You Fund of £16 million (Dh80m), which was announced in conjunction with Deliveroo's £8 billion (Dh40bn) stock market listing earlier this year.

The £10,000 (Dh50,000) payment is made to those riders who have completed the highest number of orders in each market.

There are also riders who will receive payments of £1,000 (Dh5,000) and £500 (Dh2,500).

All riders who have worked with Deliveroo for at least one year and completed 2,000 orders will receive £200 (Dh1,000), the company said when it announced the scheme.

The bio

Job: Coder, website designer and chief executive, Trinet solutions

School: Year 8 pupil at Elite English School in Abu Hail, Deira

Role Models: Mark Zuckerberg and Elon Musk

Dream City: San Francisco

Hometown: Dubai

City of birth: Thiruvilla, Kerala

In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

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

The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

How to watch Ireland v Pakistan in UAE

When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.

 

 

The specs: 2018 BMW R nineT Scrambler

Price, base / as tested Dh57,000

Engine 1,170cc air/oil-cooled flat twin four-stroke engine

Transmission Six-speed gearbox

Power 110hp) @ 7,750rpm

Torque 116Nm @ 6,000rpm

Fuel economy, combined 5.3L / 100km

The Voice of Hind Rajab

Starring: Saja Kilani, Clara Khoury, Motaz Malhees

Director: Kaouther Ben Hania

Rating: 4/5

MATCH INFO

Uefa Champions League final:

Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports

Test squad: Azhar Ali (captain), Abid Ali, Asad Shafiq, Babar Azam, Haris Sohail, Imam-ul-Haq, Imran Khan, Iftikhar Ahmed, Kashif Bhatti, Mohammad Abbas, Mohammad Rizwan(wicketkeeper), Musa Khan, Naseem Shah, Shaheen Afridi, Shan Masood, Yasir Shah

Twenty20 squad: Babar Azam (captain), Asif Ali, Fakhar Zaman, Haris Sohail, Iftikhar Ahmed, Imad Wasim, Imam-ul-Haq, Khushdil Shah, Mohammad Amir, Mohammad Hasnain, Mohammad Irfan, Mohammad Rizwan (wicketkeeper), Musa Khan, Shadab Khan, Usman Qadir, Wahab Riaz 

WORLD CUP FINAL

England v South Africa

Yokohama International Stadium, Tokyo

Saturday, kick-off 1pm (UAE)

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The five pillars of Islam
Brief scoreline

Switzerland 0

England 0

Result: England win 6-5 on penalties

Man of the Match: Trent Alexander-Arnold (England)

Episode list:

Ep1: A recovery like no other- the unevenness of the economic recovery 

Ep2: PCR and jobs - the future of work - new trends and challenges 

Ep3: The recovery and global trade disruptions - globalisation post-pandemic 

Ep4: Inflation- services and goods - debt risks 

Ep5: Travel and tourism 

The specs

Engine: 3.8-litre V6

Power: 295hp at 6,000rpm

Torque: 355Nm at 5,200rpm

Transmission: 8-speed auto

Fuel consumption: 10.7L/100km

Price: Dh179,999-plus

On sale: now 

Updated: October 25, 2023, 11:11 AM