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European foreign ministers have preliminarily approved the revival of an EU border mission at Rafah, the bloc's foreign policy chief Josep Borrell said.
The European Union Border Assistance Mission (EUBAM) Rafah has not been operational since 2007 when Hamas seized full control of Gaza.
“I have the green light from EU ministers to reactivate the Rafah border mission,” he said, adding that such a mission would need the support of Egypt, Israel and Palestinians.
“This could play a useful role in supporting the entry of people into Gaza, in and out, but this has to be done in accordance with the Palestinian Authority,” he said during a monthly meeting of EU foreign ministers that was also attended by Arab ministers.
Diplomats have said the mission was unlikely to be in place before hostilities in Rafah stopped.
Mr Borrell earlier said he was “horrified” after an Israeli missile strike in Gaza killed dozens of people, including small children.
“I condemn this in the strongest terms”, he in a post on X, adding that the attacks must end “immediately”.
Earlier, Spain’s Foreign Minister Jose Manuel Albares said he would ask his EU counterparts at a meeting in Brussels to “take the right measures” to enforce an International Court of Justice order demanding that Israel stop its military operation in Rafah.
The bloc is divided about how to address the ruling.
“I’ll ask the other 27 partners to declare their backing to the ICJ decision,” Mr Albares said at a press conference with the Foreign Ministers of Ireland and Norway, Micheal Martin and Espen Barth Eide.
He spoke a day before the three countries formally recognised a Palestinian state in a joint move.
“Also, if Israel continues to pursue against the ruling of the ICJ, that we try to take the right measures to enforce that decision and back one of the most important bodies of the UN charter,” Mr Albares said, without elaborating further.
The ICJ's decisions may be enforced by the UN Security Council, where the US has long used its veto powers to shield its ally Israel.
Mr Albares was speaking before a meeting of the EU's 27 foreign ministers that was also attended by five senior Arab officials, including the UAE's special envoy to the EU, Lana Nusseibeh, to discuss Gaza.
Israeli Foreign Minister Israel Katz did not attend the meeting despite an invitation.
Speaking to reporters as he entered the meeting, Egypt's Foreign Minister Sameh Shoukry warned that Israel wanted to “liquidate the Palestinian cause by making life unsustainable in Gaza”.
He called on Arab and European diplomats to “speak with one tongue to uphold the principles of humanity and stop this destructive war”.
Ignoring ICJ causes 'dilemma'
Germany, also an Israeli ally, backed Mr Albares's calls to uphold the ICJ ruling without going as far as suggesting “measures” to enforce it.
“International humanitarian law applies for all, also for Israel's conduct of the war. No Israeli hostage will be freed if more people now have to shelter in tents,” Foreign Minister Annalena Baerbock said, referring to the streams of people displaced by Israel's continued strikes.
However, some other EU countries, including France and Italy, have signalled little appetite in increasing pressure on Israel to follow the ICJ order despite renewed alarm caused by the death of more than 40 people in a Rafah refugee camp, a strike made in retaliation after Hamas fired rockets at Israel on Sunday.
Mr Josep Borrell highlighted the “dilemma” created by Israel's refusal to comply with the ICJ order.
He also pushed back against Israeli criticism of International Court of Justice chief prosecutor Karim Khan, who recently requested an arrest warrant for both Israeli officials, including Prime Minister Benjamin Netanyahu, and Hamas leaders such as Yahya Sinwar.
“The word anti-Semitic is too heavy, it's too important, to use in these occasions,” said Mr Borrell.
There is a danger that should the ICJ ruling not be enforced, countries could increasingly feel that they can disregard international humanitarian law, said Norway's Mr Eide.
“The impression created is that these norms don't apply for anybody and many people say that they don't apply for anyone,” he said.
“Remember that the ICJ is everybody's court. The ICC is [composed of] 124 countries but the ICJ is the principle organ of the UN. Every member of the UN is bound by the decision of the ICJ.”
Italy's Foreign Minister Antonio Tajani said he was in favour of a ceasefire and against the Rafah military operation but rejected what he described as the ICC's creation of an impression of equivalence between Hamas and Israel in its arrest warrant.
“The Israeli government is a democratic government elected by the citizens. Hamas is a terrorist organisation,” said Mr Tajani, without explicitly addressing the ICJ ruling. “For us, it's impossible to have this imposition on the Israeli government and on Hamas.”
Mr Tajani also said Israel's attack on Rafah last night was a natural response to rockets fired by Hamas earlier.
“The attack of Hamas yesterday against Israel is not good if we want to achieve peace,” he said. “It’s an instrument to strengthen the attack of Israel against Rafah. Hamas is working against the Palestinian people at this moment.”
French Foreign Minister Stephane Sejourne echoed a similar position, saying there was “no equivalence between Hamas and the Israeli state, which is a democracy that must respect international law”.
ICC supporters say there is no intention to create an impression of equivalence between Hamas and Israeli leaders, who are suspected of different crimes.
They include extermination, murder and hostage-taking for Hamas, and starvation of civilians as a method of warfare and wilful killing for Israeli leaders.
Dr Afridi's warning signs of digital addiction
Spending an excessive amount of time on the phone.
Neglecting personal, social, or academic responsibilities.
Losing interest in other activities or hobbies that were once enjoyed.
Having withdrawal symptoms like feeling anxious, restless, or upset when the technology is not available.
Experiencing sleep disturbances or changes in sleep patterns.
What are the guidelines?
Under 18 months: Avoid screen time altogether, except for video chatting with family.
Aged 18-24 months: If screens are introduced, it should be high-quality content watched with a caregiver to help the child understand what they are seeing.
Aged 2-5 years: Limit to one-hour per day of high-quality programming, with co-viewing whenever possible.
Aged 6-12 years: Set consistent limits on screen time to ensure it does not interfere with sleep, physical activity, or social interactions.
Teenagers: Encourage a balanced approach – screens should not replace sleep, exercise, or face-to-face socialisation.
Source: American Paediatric Association
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.”
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
'Laal Kaptaan'
Director: Navdeep Singh
Stars: Saif Ali Khan, Manav Vij, Deepak Dobriyal, Zoya Hussain
Rating: 2/5
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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
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Korean Film Festival 2019 line-up
Innocent Witness, June 26 at 7pm
On Your Wedding Day, June 27 at 7pm
The Great Battle, June 27 at 9pm
The Witch: Part 1. The Subversion, June 28 at 4pm
Romang, June 28 at 6pm
Mal Mo E: The Secret Mission, June 28 at 8pm
Underdog, June 29 at 2pm
Nearby Sky, June 29 at 4pm
A Resistance, June 29 at 6pm
UAE currency: the story behind the money in your pockets
The Birkin bag is made by Hermès.
It is named after actress and singer Jane Birkin
Noone from Hermès will go on record to say how much a new Birkin costs, how long one would have to wait to get one, and how many bags are actually made each year.
Pathaan
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