UN members have been invited to a preparatory meeting on Friday in New York before an international conference next month during which France may recognise Palestine, French diplomatic sources have said.
"The aim is to unite the international community around concrete proposals with the adoption of a final document that traces the road to the settlement of the Palestine question," a diplomat said.
Palestine, which has the status of UN observer, has also been invited to Friday's meeting. It remains unclear how involved Israel will be in the June 17-20 conference that will be presided over by France and Saudi Arabia. The Israeli government rejects Palestinian statehood.
Diplomatic relations between Israel and France have soured as the conference approaches. A French Foreign Affairs Ministry spokesman on Thursday said that Paris was considering issuing sanctions if Israel did not end its policy of illegal settlement expansion in the West Bank.
The spokesman also described as "outrageous and completely unjustified" accusations made by Israeli Foreign Affairs Minister Gideon Saar against unidentified European officials for stoking anti-Semitism, after the murder of two Israeli embassy staff members in Washington.
Preparations for the New York conference started in April as organisers contacted UN members to gauge their positions.
The conference's mandate derives from a UN General Assembly resolution adopted in September that endorsed a July International Court of Justice advisory opinion on the illegality of the Israeli occupation of Palestinian territories.
Working groups
France and Saudi Arabia insisted that only senior officials from various capitals attend the technical meeting, an Arab diplomat at the UN told The National. The officials are expected to indicate their interest in taking part in one or more of the eight working method groups focusing on matters such as security and the economic viability of a future Palestinian state.
The UK and Egypt will be co-chairing the fifth working group focused on mobilising international support for Gaza’s recovery and reconstruction, following a plan endorsed by Arab, Islamic, EU and global partners.
The working group on humanitarian action and reconstruction will explore measures to ease the "catastrophic humanitarian situation" in Gaza and support relief efforts in the West Bank, according to one of the concept notes obtained by The National in New York.
It calls for $53 billion in funding, allocated in three phases, to rebuild the war-torn enclave. Egypt is also expected to host an international donor conference to secure financial commitments for Gaza’s long-term recovery and development.
The EU and the Arab Group are expected to co-chair the eighth working group aimed at crafting a "Peace Supporting Package" to incentivise a future Israeli-Palestinian peace deal.
The group will seek to maximise peace dividends for the Palestinians and Israelis when a peace agreement is reached, as well as produce detailed programmes and contributions conditional on achieving a final agreement that will support peace and ensure that it benefits all people in the region.
Turkey will be chairing the sixth working group that will explore concrete measures for protecting the two-state solution, including addressing Israel's settlement activities and attempts to annex territory and forcibly displace Palestinians.
Norway and Japan will be co-chairing the fourth working group, which will address the Palestinian Authority's budgetary crisis and its inability to invest in basic services. Israel has withheld nearly $2 billion in tax revenues since 2019, according to the PA.
The conference will also reiterate statements made by French President Emmanuel Macron about the necessity of disarming Hamas and excluding it from future governance of the Palestinians.
Saudi involvement
France expects the conference to be a moment of mutual recognition, during which it and other countries may recognise Palestine, while some Arab and Muslim states will engage with Israel.
However, long-held hopes that Saudi Arabia may normalise ties with Israel have been dashed by the mounting violence in Gaza. French diplomats say they expect "signals to be sent in that direction". It remains unclear whether Saudi Crown Prince Mohammed bin Salman will attend the conference.
"We chose to work with Saudi Arabia, which is the biggest Muslim and Arab power, to create a knock-on effect at European, Arab and Muslim level. The conference must have the biggest impact possible," the diplomatic sources said.
French leaders say recognition of Palestinian statehood is necessary for Israel's long-term security. "A two-state solution has never been more necessary, because everything that has happened in the past year shows that the Israel-Palestine conflict cannot be frozen, rendered invisible or simply managed," diplomatic sources said.
Palestinian statehood is "endangered by the formidable destruction caused by the war in Gaza, forced displacement of the population, the increasing violence of extremist settlers and statements by members of the Israeli government calling for the annexation of the West Bank," they said.
The UK and Canada are rumoured to be among the western states that may recognise Palestinian statehood alongside France.
The UK has long endorsed a two-state solution and but always stopped short of specifying when or whether it would formally recognise a Palestinian state. Its stance aligns with broader western efforts to tie recognition to progress in negotiations, despite mounting international calls for unilateral recognition.
France, the UK and Canada on Monday threatened to impose sanctions against Israel if it continues to thwart the viability of a future Palestinian state by supporting illegal settlements in the West Bank.
The specs
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Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
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
Guide to intelligent investing
Investing success often hinges on discipline and perspective. As markets fluctuate, remember these guiding principles:
- Stay invested: Time in the market, not timing the market, is critical to long-term gains.
- Rational thinking: Breathe and avoid emotional decision-making; let logic and planning guide your actions.
- Strategic patience: Understand why you’re investing and allow time for your strategies to unfold.
Six pitfalls to avoid when trading company stocks
Following fashion
Investing is cyclical, buying last year's winners often means holding this year's losers.
Losing your balance
You end up with too much exposure to an individual company or sector that has taken your fancy.
Being over active
If you chop and change your portfolio too often, dealing charges will eat up your gains.
Running your losers
Investors hate admitting mistakes and hold onto bad stocks hoping they will come good.
Selling in a panic
If you sell up when the market drops, you have locked yourself out of the recovery.
Timing the market
Even the best investor in the world cannot consistently call market movements.
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
PFA Team of the Year: David de Gea, Kyle Walker, Jan Vertonghen, Nicolas Otamendi, Marcos Alonso, David Silva, Kevin De Bruyne, Christian Eriksen, Harry Kane, Mohamed Salah, Sergio Aguero
Chef Nobu's advice for eating sushi
“One mistake people always make is adding extra wasabi. There is no need for this, because it should already be there between the rice and the fish.
“When eating nigiri, you must dip the fish – not the rice – in soy sauce, otherwise the rice will collapse. Also, don’t use too much soy sauce or it will make you thirsty. For sushi rolls, dip a little of the rice-covered roll lightly in soy sauce and eat in one bite.
“Chopsticks are acceptable, but really, I recommend using your fingers for sushi. Do use chopsticks for sashimi, though.
“The ginger should be eaten separately as a palette cleanser and used to clear the mouth when switching between different pieces of fish.”
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
Spain drain
CONVICTED
Lionel Messi Found guilty in 2016 of of using companies in Belize, Britain, Switzerland and Uruguay to avoid paying €4.1m in taxes on income earned from image rights. Sentenced to 21 months in jail and fined more than €2m. But prison sentence has since been replaced by another fine of €252,000.
Javier Mascherano Accepted one-year suspended sentence in January 2016 for tax fraud after found guilty of failing to pay €1.5m in taxes for 2011 and 2012. Unlike Messi he avoided trial by admitting to tax evasion.
Angel di Maria Argentina and Paris Saint-Germain star Angel di Maria was fined and given a 16-month prison sentence for tax fraud during his time at Real Madrid. But he is unlikely to go to prison as is normal in Spain for first offences for non-violent crimes carrying sentence of less than two years.
SUSPECTED
Cristiano Ronaldo Real Madrid's star striker, accused of evading €14.7m in taxes, appears in court on Monday. Portuguese star faces four charges of fraud through offshore companies.
Jose Mourinho Manchester United manager accused of evading €3.3m in tax in 2011 and 2012, during time in charge at Real Madrid. But Gestifute, which represents him, says he has already settled matter with Spanish tax authorities.
Samuel Eto'o In November 2016, Spanish prosecutors sought jail sentence of 10 years and fines totalling €18m for Cameroonian, accused of failing to pay €3.9m in taxes during time at Barcelona from 2004 to 2009.
Radamel Falcao Colombian striker Falcao suspected of failing to correctly declare €7.4m of income earned from image rights between 2012 and 2013 while at Atletico Madrid. He has since paid €8.2m to Spanish tax authorities, a sum that includes interest on the original amount.
Jorge Mendes Portuguese super-agent put under official investigation last month by Spanish court investigating alleged tax evasion by Falcao, a client of his. He defended himself, telling closed-door hearing he "never" advised players in tax matters.
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
HIJRA
Starring: Lamar Faden, Khairiah Nathmy, Nawaf Al-Dhufairy
Director: Shahad Ameen
Rating: 3/5
Key findings of Jenkins report
- Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
- Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
- Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
- Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
MATCH INFO
Chelsea 1
Alonso (62')
Huddersfield Town 1
Depoitre (50')
How England have scored their set-piece goals in Russia
Three Penalties
v Panama, Group Stage (Harry Kane)
v Panama, Group Stage (Kane)
v Colombia, Last 16 (Kane)
Four Corners
v Tunisia, Group Stage (Kane, via John Stones header, from Ashley Young corner)
v Tunisia, Group Stage (Kane, via Harry Maguire header, from Kieran Trippier corner)
v Panama, Group Stage (Stones, header, from Trippier corner)
v Sweden, Quarter-Final (Maguire, header, from Young corner)
One Free-Kick
v Panama, Group Stage (Stones, via Jordan Henderson, Kane header, and Raheem Sterling, from Tripper free-kick)
How does ToTok work?
The calling app is available to download on Google Play and Apple App Store
To successfully install ToTok, users are asked to enter their phone number and then create a nickname.
The app then gives users the option add their existing phone contacts, allowing them to immediately contact people also using the application by video or voice call or via message.
Users can also invite other contacts to download ToTok to allow them to make contact through the app.
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.”
Brief scoreline:
Crystal Palace 2
Milivojevic 76' (pen), Van Aanholt 88'
Huddersfield Town 0
Our Time Has Come
Alyssa Ayres, Oxford University Press
Pakistan World Cup squad
Sarfraz Ahmed (c), Fakhar Zaman, Imam-ul-Haq, Abid Ali, Babar Azam, Haris Sohail, Shoaib Malik, Mohammad Hafeez(subject to fitness), Imad Wasim, Shadab Khan, Hasan Ali, Faheem Ashraf, Junaid Khan, Shaheen Shah Afridi, Mohammad Hasnain
Two additions for England ODIs: Mohammad Amir and Asif Ali
match info
Southampton 2 (Ings 32' & pen 89') Tottenham Hotspur 5 (Son 45', 47', 64', & 73', Kane 82')
Man of the match Son Heung-min (Tottenham)
