Palestinian UN envoy Riyad Mansour holds up a ceasefire sign at the UN on Tuesday. Reuters
Palestinian UN envoy Riyad Mansour holds up a ceasefire sign at the UN on Tuesday. Reuters
Palestinian UN envoy Riyad Mansour holds up a ceasefire sign at the UN on Tuesday. Reuters
Palestinian UN envoy Riyad Mansour holds up a ceasefire sign at the UN on Tuesday. Reuters

Israel ridiculing and ignoring US over Gaza, Palestinian ambassador tells UN


Adla Massoud
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Live updates: Follow the latest news on Israel-Gaza

Israel is ridiculing the US by ignoring American calls to reduce the violence in Gaza and increase humanitarian aid, the Palestinian envoy to the UN said on Tuesday.

Speaking to the UN General Assembly as it debated last month's US veto of a resolution calling for a ceasefire in Gaza, Riyad Mansour said Israel “does not care” about jeopardising regional and international peace or vital US interests.

“This extremist Israeli government has attacked not only the UN but also states around the world criticising its actions,” Mr Mansour said.

He said Israel Prime Minister Benjamin Netanyahu “has spared no effort to ridicule its closest ally [the US], the one it calls on for military, political and financial support and ignores when it does not like what it is asking for”, warning that no one should accept to play by his playbook.

US Secretary of State Antony Blinken visited Israel on Tuesday, where he was expected to pressure officials to de-escalate tensions in Gaza and southern Lebanon, as fears mount that the Middle East is on the brink of a wider regional war.

The US has repeatedly called for Israel to do more to avoid civilian casualties and get more aid into Gaza, but critics say actions on the ground show that Israel is ignoring Washington. President Joe Biden said in December that Israel is losing international support due to its “indiscriminate bombing” of Gaza, even though the US continues to flow munitions to its ally.

Since the October 7 Hamas attacks that killed about 1,200 people in Israel and led Israel to declare war against the militant group, Israel has killed more than 23,000 people in the Gaza Strip.

Palestinian UN envoy Riyad Mansour said Israel has 'attacked not only the UN but also states around the world'. Reuters
Palestinian UN envoy Riyad Mansour said Israel has 'attacked not only the UN but also states around the world'. Reuters

The US representative, deputy ambassador Robert Wood, told the General Assembly that as Israel moves towards a lower intensity phase of its military operation in the north, Washington believes the UN must play a crucial role to play in ensuring displaced Palestinians can return home and in delivering and distributing lifesaving assistance to people in Gaza.

"To that end, we welcome the Secretary-General’s prompt appointment of Sigrid Kaag to the important role of UN Senior Humanitarian and Reconstruction Coordinator...and we expect that every country in the region will support her efforts to streamline and accelerate the delivery of assistance," he added.

Israel’s ambassador to the UN, Gilad Erdan, stressed his country's opposition to a ceasefire and instead focused on returning the remaining hostages being held in Gaza for nearly 100 days.

He also demanded that the UN recognise the acts of rape and sexual violence committed by Hamas.

On Monday, two UN experts demanded accountability for sexual violence against Israeli civilians during the October 7 Hamas attacks, saying that mounting evidence of rapes and genital mutilation point to possible crimes against humanity.

Israeli authorities have opened an investigation into possible sexual crimes.

“The growing body of evidence about reported sexual violence is particularly harrowing,” the experts said.

Mr Erdan also spoke about the proceedings that will take place this week at the International Court of Justice (ICJ) in The Hague.

The ICJ, also called the World Court, is the highest UN legal body, and was established in 1945 to deal with disputes between states.

“The UN has become the epitome of dystopian reality. And South Africa's baseless and libellous cases at the ICJ prove this exactly,” he said.

“How can it be remembered that the Convention on the Prevention of genocide adopted following the Holocaust – the genocide of the Jewish people – is now being weaponised against the Jewish state?”

Both South Africa and Israel are signatories to the 1948 Genocide Convention which gives the ICJ the jurisdiction to rule on disputes over the treaty.

The treaty defines genocide as “acts committed with intent to destroy, in whole or in part, a national, ethnical, racial or religious group”.

As a sign of the growing division among Jews over the war, during the morning session at the General Assembly, dozens of rabbis and rabbinical students from US organisations occupied the balcony inside the UN Security Council Chambers to demand Washington stops vetoing UN actions on Gaza and call for an immediate ceasefire.

The protesters carried banners that read "Biden: the world says ceasefire" and "Biden: Stop vetoing peace."

“We are calling for a ceasefire resolution that includes lifting of Israel’s siege to ensure immediate and unimpeded access to sufficient food, water, medicine, and fuel for the 2.3 million Palestinians in the occupied and besieged Gaza Strip; and a full hostage exchange,” said Rabbi Ari Lev Fornari.

'Saand Ki Aankh'

Produced by: Reliance Entertainment with Chalk and Cheese Films
Director: Tushar Hiranandani
Cast: Taapsee Pannu, Bhumi Pednekar, Prakash Jha, Vineet Singh
Rating: 3.5/5 stars

SPEC%20SHEET%3A%20SAMSUNG%20GALAXY%20S23%20ULTRA
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Key changes

Commission caps

For life insurance products with a savings component, Peter Hodgins of Clyde & Co said different caps apply to the saving and protection elements:

• For the saving component, a cap of 4.5 per cent of the annualised premium per year (which may not exceed 90 per cent of the annualised premium over the policy term). 

• On the protection component, there is a cap  of 10 per cent of the annualised premium per year (which may not exceed 160 per cent of the annualised premium over the policy term).

• Indemnity commission, the amount of commission that can be advanced to a product salesperson, can be 50 per cent of the annualised premium for the first year or 50 per cent of the total commissions on the policy calculated. 

• The remaining commission after deduction of the indemnity commission is paid equally over the premium payment term.

• For pure protection products, which only offer a life insurance component, the maximum commission will be 10 per cent of the annualised premium multiplied by the length of the policy in years.

Disclosure

Customers must now be provided with a full illustration of the product they are buying to ensure they understand the potential returns on savings products as well as the effects of any charges. There is also a “free-look” period of 30 days, where insurers must provide a full refund if the buyer wishes to cancel the policy.

“The illustration should provide for at least two scenarios to illustrate the performance of the product,” said Mr Hodgins. “All illustrations are required to be signed by the customer.”

Another illustration must outline surrender charges to ensure they understand the costs of exiting a fixed-term product early.

Illustrations must also be kept updatedand insurers must provide information on the top five investment funds available annually, including at least five years' performance data.

“This may be segregated based on the risk appetite of the customer (in which case, the top five funds for each segment must be provided),” said Mr Hodgins.

Product providers must also disclose the ratio of protection benefit to savings benefits. If a protection benefit ratio is less than 10 per cent "the product must carry a warning stating that it has limited or no protection benefit" Mr Hodgins added.

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57%20Seconds
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Rusty%20Cundieff%0D%3Cbr%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EJosh%20Hutcherson%2C%20Morgan%20Freeman%2C%20Greg%20Germann%2C%20Lovie%20Simone%0D%3Cbr%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E2%2F5%0D%3Cbr%3E%0D%3Cbr%3E%3C%2Fp%3E%0A
Panipat

Director Ashutosh Gowariker

Produced Ashutosh Gowariker, Rohit Shelatkar, Reliance Entertainment

Cast Arjun Kapoor, Sanjay Dutt, Kriti Sanon, Mohnish Behl, Padmini Kolhapure, Zeenat Aman

Rating 3 /stars

Need to know

Unlike other mobile wallets and payment apps, a unique feature of eWallet is that there is no need to have a bank account, credit or debit card to do digital payments.

Customers only need a valid Emirates ID and a working UAE mobile number to register for eWallet account.

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Herc's Adventures

Developer: Big Ape Productions
Publisher: LucasArts
Console: PlayStation 1 & 5, Sega Saturn
Rating: 4/5

How to get there

Emirates (www.emirates.com) flies directly to Hanoi, Vietnam, with fares starting from around Dh2,725 return, while Etihad (www.etihad.com) fares cost about Dh2,213 return with a stop. Chuong is 25 kilometres south of Hanoi.
 

The specs: 2018 Dodge Durango SRT

Price, base / as tested: Dh259,000

Engine: 6.4-litre V8

Power: 475hp @ 6,000rpm

Torque: 640Nm @ 4,300rpm

Transmission: Eight-speed automatic

Fuel consumption, combined: 7.7L / 100km

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.”

FA Cup fifth round draw

Sheffield Wednesday v Manchester City
Reading/Cardiff City v Sheffield United
Chelsea v Shrewsbury Town/Liverpool
West Bromwich Albion v Newcastle United/Oxford United
Leicester City v Coventry City/Birmingham City
Northampton Town/Derby County v Manchester United
Southampton/Tottenham Hotspur v Norwich City
Portsmouth v Arsenal 

Kamindu Mendis bio

Full name: Pasqual Handi Kamindu Dilanka Mendis

Born: September 30, 1998

Age: 20 years and 26 days

Nationality: Sri Lankan

Major teams Sri Lanka's Under 19 team

Batting style: Left-hander

Bowling style: Right-arm off-spin and slow left-arm orthodox (that's right!)

Veere di Wedding
Dir: Shashanka Ghosh
Starring: Kareena Kapoo-Khan, Sonam Kapoor, Swara Bhaskar and Shikha Talsania ​​​​​​​
Verdict: 4 Stars

The Sand Castle

Director: Matty Brown

Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

Rating: 2.5/5

Updated: January 10, 2024, 9:33 AM