Cyprus says it hopes to expand its regional role in humanitarian operations to become a key player in the delivery of aid to Gaza by sea.
This has drawn broad support from the international community, as tension rises with Israel over accusations it is blocking land aid to Gaza.
Israel denies obstructing the delivery of supplies, but the issue has drawn criticism from even its closest allies, including UK Foreign Secretary David Cameron this week.
For now, few details have emerged as to how this maritime corridor would function, though a UAE-backed pilot sailing has taken place.
The Cypriot government concluded on Thursday a high-level meeting with representatives from 35 countries dedicated to scaling up the plan and confirmed the establishment of a fund to which parties can contribute.
The state-run crisis co-ordination centre in the coastal city of Larnaca has been witnessing a flurry of activity in the past weeks, signalling a strong international push in transforming Cyprus into a regional hub for humanitarian aid delivery.
Senior officials including UAE Minister of State for International Co-operation Reem Al Hashimy and EU Commission President Ursula von der Leyen want to rapidly scale-up operations.
The centre, known as Zenon, is situated near Larnaca International Airport in a white prefab building.
From the outside, it looks like a giant warehouse. Inside, more than 40 officials working under the Cypriot Defence Ministry run what some describe as the “brain” of crisis management in the country.
Employees are not allowed to speak on the record but The National was granted a visit on Friday.
In the operations room, four Cypriot army, navy and air force personnel are deployed to monitor distress calls from ships around the world.
From behind their multiple computer screens, these are the same officials who watched remotely as a first ship brought 200 tonnes of food to Gaza from Cyprus on Monday in what the local government has called the Amalthea initiative. This initiative was backed by the UAE.
The operation room feeds the information to the plan’s inter-agency co-ordination team that includes the Cypriot government. This team has the final say when it comes to deciding when a ship can depart for Gaza. Its exact structure is not public information.
A fraction of needs
The quantities of food delivered by sea represent a small fraction of what is needed to feed a starving population, leading to criticism of Israel from allies.
The UK's Mr Cameron said on Thursday that humanitarian aid was “routinely held up” by Israel, which he accused of “arbitrary denials”.
Such criticism follows warnings from humanitarian groups that famine will soon hit Gaza.
Overland aid deliveries are currently first scanned by Egypt, then by Israel, before entering Gaza by lorry. In one scanning centre, only two scanners are available, according to Oxfam International.
Lorries take on average 20 days to travel the 40km separating El Arish International Airport in northern Egypt from Gaza, in what Ruth James, Middle East co-ordinator for Oxfam International, described as a “completely manufactured system that does not need to exist”.
“We just need for Israel to open the border and let us bring food and medical supplies in to stop the unnecessary and preventable deaths that we are witnessing on a massive scale,” Ms James told The National.
On Thursday, the Cypriot government said it would welcome the opening of Ashdod port by Israel to complement the Amalthea initiative. The Israeli port is the closest to Gaza.
Cyprus, which helped evacuate close to 85,000 people from Lebanon and Israel during Israel's 2006 war with Hezbollah, is a natural departure point to send aid to Gaza by sea.
It is also the EU country closest to the enclave.
“The critical infrastructure is present,” Foreign Affairs Minister Constantinos Kombos told reporters on Thursday.
“This is what we are utilising and leveraging in terms of our geographical position as well.”
The Zenon centre supported the evacuation of around 1,000 people after the Hamas-led October 7 attacks against Israel, which triggered the latest war.
From October to December, around 100 representatives from 32 countries including soldiers and consular staff worked together to get people out of Israel to Cyprus and then onwards to their home countries.
In May 2023, the Zenon centre was also used to evacuate around 2,000 people from Sudan, which is engulfed in a civil war.
Now, a second ship waits at Larnaca port to leave for Gaza. The Jennifer, which can operate in shallow waters, is loaded with 240 tonnes of aid, including chickpeas, corn and dates.
More than 32,000 people have been killed in the enclave since October and dozens of children have died of starvation in the north, local authorities have said.
About 1,200 people were killed in the Hamas attacks on Israeli communities on October 7, with another 240 abducted.
The maritime deliveries are supported by the UAE, US charity World Central Kitchen and Spanish NGO Open Arms.
“The idea is to escalate the operation but [weather] conditions and other technical matters have to be taken into consideration,” Laura Lanuza, projects and communications director for Open Arms, told The National.
The first Open Arms ship, which is now back in Larnaca, towed its cargo on a floating platform.
Once it arrived near Gaza’s northern shore, the crates were unloaded by crane. Gaza’s port has been severely damaged by the war and cannot be used.
World Central Kitchen has said that the Jennifer will be accompanied by a crew to operate machinery to offload its cargo. There is no mention of a floating barge.
It remains unclear how the food will be unloaded.
“The great difficulty is always disembarking on the beach,” said Ms Lanuza. “There is not enough depth for any boat.”
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.”
What is a robo-adviser?
Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.
These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.
Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.
Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.
Jetour T1 specs
Engine: 2-litre turbocharged
Power: 254hp
Torque: 390Nm
Price: From Dh126,000
Available: Now
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
How%20champions%20are%20made
%3Cp%3E%0D%3Cstrong%3EDiet%3C%2Fstrong%3E%20%0D%3Cbr%3E7am%20-%20Protein%20shake%20with%20oats%20and%20fruits%0D%3Cbr%3E10am%20-%205-6%20egg%20whites%0D%3Cbr%3E1pm%20-%20White%20rice%20or%20chapati%20(Indian%20bread)%20with%20chicken%0D%3Cbr%3E4pm%20-%20Dry%20fruits%20%0D%3Cbr%3E7.30pm%20-%20Pre%20workout%20meal%20%E2%80%93%20grilled%20fish%20or%20chicken%20with%20veggies%20and%20fruits%0D%3Cbr%3E8.30pm%20to%20midnight%20workout%0D%3Cbr%3E12.30am%20%E2%80%93%20Protein%20shake%20%0D%3Cbr%3E%3Cstrong%3ETotal%20intake%3A%3C%2Fstrong%3E%204000-4500%20calories%20%0D%3Cbr%3E%3Cstrong%3ESaidu%E2%80%99s%20weight%3A%3C%2Fstrong%3E%20110%20kg%0D%3Cbr%3E%3Cstrong%3EStats%3A%3C%2Fstrong%3E%20Biceps%2019%20inches.%20Forearms%2018%20inches%3C%2Fp%3E%0A
The National Archives, Abu Dhabi
Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.
Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
Dengue%20fever%20symptoms
%3Cul%3E%0A%3Cli%3EHigh%20fever%3C%2Fli%3E%0A%3Cli%3EIntense%20pain%20behind%20your%20eyes%3C%2Fli%3E%0A%3Cli%3ESevere%20headache%3C%2Fli%3E%0A%3Cli%3EMuscle%20and%20joint%20pains%3C%2Fli%3E%0A%3Cli%3ENausea%3C%2Fli%3E%0A%3Cli%3EVomiting%3C%2Fli%3E%0A%3Cli%3ESwollen%20glands%3C%2Fli%3E%0A%3Cli%3ERash%3C%2Fli%3E%0A%3C%2Ful%3E%0A%3Cp%3EIf%20symptoms%20occur%2C%20they%20usually%20last%20for%20two-seven%20days%3C%2Fp%3E%0A
Tips to keep your car cool
- Place a sun reflector in your windshield when not driving
- Park in shaded or covered areas
- Add tint to windows
- Wrap your car to change the exterior colour
- Pick light interiors - choose colours such as beige and cream for seats and dashboard furniture
- Avoid leather interiors as these absorb more heat
Spec%20sheet
%3Cp%3E%3Cstrong%3EDisplay%3A%3C%2Fstrong%3E%204.7%22%20Retina%20HD%2C%201334%20x%20750%2C%20625%20nits%2C%201400%3A1%2C%20True%20Tone%2C%20P3%3Cbr%3E%3Cstrong%3EChip%3A%3C%2Fstrong%3E%20Apple%20A15%20Bionic%2C%206-core%20CPU%2C%204-core%20GPU%2C%2016-core%20Neural%20Engine%3Cbr%3E%3Cstrong%3ECamera%3A%3C%2Fstrong%3E%2012MP%2C%20f%2F1.8%2C%205x%20digital%20zoom%2C%20Smart%20HDR%2C%20Deep%20Fusion%3Cbr%3E%3Cstrong%3EVideo%3A%3C%2Fstrong%3E%204K%2B%40%2024%2F30%2F60fps%2C%20full%20HD%2B%40%2030%2F60fps%2C%20HD%2B%40%2030%20fps%3Cstrong%3E%3Cbr%3EFront%20camera%3A%20%3C%2Fstrong%3E7MP%2C%20f%2F2.2%2C%20Smart%20HDR%2C%20Deep%20Fusion%3B%20HD%20video%2B%40%2030fps%3Cbr%3E%3Cstrong%3EBattery%3A%3C%2Fstrong%3E%20Up%20to%2015%20hours%20video%2C%2050%20hours%20audio%3B%2050%25%20fast%20charge%20in%2030%20minutes%20with%2020W%20charger%3B%20wireless%20charging%3Cbr%3E%3Cstrong%3EBiometrics%3A%3C%2Fstrong%3E%20Touch%20ID%3Cbr%3E%3Cstrong%3EDurability%3A%3C%2Fstrong%3E%20IP67%2C%20dust%2C%20water%20resistant%20up%20to%201m%20for%2030%20minutes%3Cbr%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20From%20Dh1%2C849%3C%2Fp%3E%0A