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Britain's announcement of a partial arms embargo on Israel leaves the Israeli military more dependent than ever on backing from its top suppliers, the US and Germany.
The UK has joined countries including Canada, Spain and the Netherlands in curbing weapons sales, amid pressure from the UN, domestic voters and pro-Palestinian campaigners.
Each country exported weapons worth tens of millions of dollars to Israel in 2023, while some also contributed parts for F-35 fighter jets used by Israel.
Germany, the second-biggest arms supplier to Israel, says exports that amounted to €326.5 million ($354.4 million) last year have dwindled since the war's early weeks.
But European sales are overshadowed by US support for Israel, which was recently boosted by $26 billion and includes munitions from the Pentagon's stockpile.
A tally used by the Stockholm International Peace Research Institute, which gives greater weight to bigger and more advanced weapons, shows the US and Germany providing 99 per cent of Israel's arms imports from 2019 to 2023.
The figures are confused by the multi-country assembly of F-35 jets, existing Israeli orders being honoured, and parts being temporarily sent to Israel for re-export. Activists have also raised concerns about complex multinational supply routes. Israel says arms embargoes amount to "calls of support for Hamas".
Arms sales limited
UK
Policy on Israel: Britain's new Labour government announced on Monday that 30 of 350 arms export licences to Israel would be suspended, after a legal review.
Foreign Secretary David Lammy said the policy was not a "blanket ban", but there was a "clear risk" of breaching the laws of war. Pressure had been building for months, with a poll for The National revealing in June that 54 per cent of British adults supported an arms ban.
Exports to Israel: The UK approved licences worth £18.2 million ($23.4 million) last year. It granted 42 licences for military equipment from October 7, when Hamas attacked Israel, to the end of May.
The UK is also a significant contributor to making the F-35 and the fighter jet parts were exempt from Mr Lammy's announcement.
Netherlands
Policy on Israel: A Dutch court blocked the sale of F-35 parts to Israel in February, ruling there was a "clear risk" of humanitarian violations.
Judges say ministers have abided by the ruling, although a new right-wing Dutch government with a pro-Israel stance recently took power.
Exports to Israel: Eight export licences for Israel were granted in 2023 with a value of €11.1 million ($11.9 million), including thermal-imaging cameras, radars and naval equipment.
Two more licences were granted in January, when the figures were last updated. The Netherlands also exports parts for F-16 planes, which Israel uses.
Spain
Policy on Israel: Spain's Foreign Ministry announced in February that no arms sales to Israel had been approved since October 7.
In May, it went further still by announcing any ship carrying weapons to Israel would be banned from docking at Spanish ports.
Exports to Israel: Spain's most recent figures show it granting licences worth €44.4 million in exports to Israel in the first half of 2023.
In February, campaigners flagged export data showing a military sale worth €987,000 in November 2023. Officials said it was test ammunition under an old licence.
Canada
Policy on Israel: Canada has not granted new export licences for Israel since January 8, "given the rapidly evolving situation", Foreign Minister Melanie Joly says.
According to trade officials, older permits that remain valid with respect to Israel are for the sale of "non-lethal goods".
Exports to Israel: Canada last year exported military goods and technology worth $22.2 million to Israel, official figures show.
It issued 193 permits. The most valuable exports fell into the categories of "bombs, torpedoes, rockets, missiles, other explosive devices" and "electronic equipment".
Italy
Policy on Israel: Foreign Minister Antonio Tajani said in January that a decision was made at the outbreak of the Gaza war not to export weapons to Israel.
Defence Minister Guido Crosetto has since conceded that previously signed orders have continued, but they "did not concern materials that could be used against civilians".
Exports to Israel: Arms control database Sipri lists Italy as the third-biggest arms exporter to Israel between 2019 and 2023, behind the US and Germany.
Trade data for 2023 shows exports to Israel worth €9.9 million which officials said was similar to 2022.
Belgium
Policy on Israel: Decided at regional level. French-speaking Wallonia says its policy is not to strengthen Israel's military. It suspended two licences to explosives company PB Clermont in February.
Dutch-speaking Flanders has the same policy. The Belgian government has lobbied for an EU-wide ban on arms sales to Israel.
Exports to Israel: Wallonia's exports in 2022 amounted to €1.8 million, including gunpowder, explosives and aviation parts, but Israel was not their final destination, the regional government has said.
Flemish licences approved in 2023 added up to about €17.3 million. Here too, authorities said, the parts were exported temporarily or not ultimately destined for Israel.
Norway
Policy on Israel: Norway has a policy of not exporting arms to war zones. It has relaxed this rule with regard to Ukraine, but not Israel.
Officials have asked ammunition maker Nammo and aerospace company Kongsberg to do "due diligence", amid claims of indirect links between Norway and Israel.
Exports to Israel: No weapons exports in 2022 or 2023, according to official trade statistics.
Some protective gear was sold to an Israeli landmine clearance company called Opms – Open Minded Solutions.
Arms sales continue
Denmark
Policy on Israel: Denmark says it has a "very restrictive" policy on military exports to Israel, but has not stopped them altogether.
It is contesting an attempt in court by campaigners including Amnesty International to block arms sales to Israel.
Exports to Israel: Denmark is another contributor to the F-35 programme.
Since it joined the programme in 2002, Danish industries have received orders worth $1 billion from US defence giants Lockheed Martin and Pratt & Whitney.
Germany
Policy on Israel: Chancellor Olaf Scholz says Germany "has delivered weapons to Israel and has not made any decision to stop doing so".
Defending its policy before the International Court of Justice in April, Germany said it makes a "painstaking assessment" of each licence.
Exports to Israel: Germany is Israel's second-biggest arms supplier. In 2023 it approved export licences worth €326.5 million.
It told the ICJ that only four licences granted since October 7 concerned "war weapons", of which one was a consignment of anti-tank weapons and three were for test ammunition.
US
Policy on Israel: The US does not merely allow manufacturers to sell arms to Israel, but provides weapons such as artillery shells directly from its own stockpiles.
President Joe Biden has withheld some heavy-payload bombs amid a rift over Israel's offensive in Rafah, but has resisted calls for a wider arms embargo.
Exports to Israel: Mr Biden signed a $26 billion package of aid for Israel in April that includes funding for the Iron Dome air defence system.
As Israel's biggest political and military backer, its support includes missile interceptors, artillery ammunition and precision-guided munitions. A 10-year agreement running until 2028 commits the US to spend $3.3 billion a year on military financing and $500 million on missile defence.
PREMIER LEAGUE TABLE
1 Man City 26 20 3 3 63 17 63
2 Liverpool 25 17 6 2 64 20 57
3 Chelsea 25 14 8 3 49 18 50
4 Man Utd 26 13 7 6 44 34 46
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5 West Ham 26 12 6 8 45 34 42
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6 Arsenal 23 13 3 7 36 26 42
7 Wolves 24 12 4 8 23 18 40
8 Tottenham 23 12 4 8 31 31 39
What is 'Soft Power'?
Soft power was first mentioned in 1990 by former US Defence Secretary Joseph Nye.
He believed that there were alternative ways of cultivating support from other countries, instead of achieving goals using military strength.
Soft power is, at its root, the ability to convince other states to do what you want without force.
This is traditionally achieved by proving that you share morals and values.
Killing of Qassem Suleimani
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
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
What sanctions would be reimposed?
Under ‘snapback’, measures imposed on Iran by the UN Security Council in six resolutions would be restored, including:
- An arms embargo
- A ban on uranium enrichment and reprocessing
- A ban on launches and other activities with ballistic missiles capable of delivering nuclear weapons, as well as ballistic missile technology transfer and technical assistance
- A targeted global asset freeze and travel ban on Iranian individuals and entities
- Authorisation for countries to inspect Iran Air Cargo and Islamic Republic of Iran Shipping Lines cargoes for banned goods
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 to donate
Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
2252 – Dh 50
6025 – Dh20
6027 – Dh 100
6026 – Dh 200
Despacito's dominance in numbers
Released: 2017
Peak chart position: No.1 in more than 47 countries, including the United States, the United Kingdom, Australia and Lebanon
Views: 5.3 billion on YouTube
Sales: With 10 million downloads in the US, Despacito became the first Latin single to receive Diamond sales certification
Streams: 1.3 billion combined audio and video by the end of 2017, making it the biggest digital hit of the year.
Awards: 17, including Record of the Year at last year’s prestigious Latin Grammy Awards, as well as five Billboard Music Awards
WISH
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COMPANY%20PROFILE
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UAE currency: the story behind the money in your pockets
Specs%20
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MATCH INFO
Syria v Australia
2018 World Cup qualifying: Asia fourth round play-off first leg
Venue: Hang Jebat Stadium (Malacca, Malayisa)
Kick-off: Thursday, 4.30pm (UAE)
Watch: beIN Sports HD
* Second leg in Australia scheduled for October 10
How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
Director: Laxman Utekar
Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna
Rating: 1/5
Last 10 NBA champions
2017: Golden State bt Cleveland 4-1
2016: Cleveland bt Golden State 4-3
2015: Golden State bt Cleveland 4-2
2014: San Antonio bt Miami 4-1
2013: Miami bt San Antonio 4-3
2012: Miami bt Oklahoma City 4-1
2011: Dallas bt Miami 4-2
2010: Los Angeles Lakers bt Boston 4-3
2009: Los Angeles Lakers bt Orlando 4-1
2008: Boston bt Los Angeles Lakers 4-2
The Voice of Hind Rajab
Starring: Saja Kilani, Clara Khoury, Motaz Malhees
Director: Kaouther Ben Hania
Rating: 4/5
England Test squad
Ben Stokes (captain), Joe Root, James Anderson, Jonny Bairstow, Stuart Broad, Harry Brook, Zak Crawley, Ben Foakes, Jack Leach, Alex Lees, Craig Overton, Ollie Pope, Matthew Potts
'The%20Alchemist's%20Euphoria'
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The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
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.”
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.
Stamp duty timeline
December 2014: Former UK finance minister George Osbourne reforms stamp duty, replacing the slab system with a blended rate scheme, with the top rate increasing to 12 per cent from 10 per cent:
Up to £125,000 - 0%; £125,000 to £250,000 – 2%; £250,000 to £925,000 – 5%; £925,000 to £1.5m: 10%; Over £1.5m – 12%
April 2016: New 3% surcharge applied to any buy-to-let properties or additional homes purchased.
July 2020: Rishi Sunak unveils SDLT holiday, with no tax to pay on the first £500,000, with buyers saving up to £15,000.
March 2021: Mr Sunak decides the fate of SDLT holiday at his March 3 budget, with expectations he will extend the perk unti June.
April 2021: 2% SDLT surcharge added to property transactions made by overseas buyers.
MATCH INFO
Scotland 59 (Tries: Hastings (2), G Horne (3), Turner, Seymour, Barclay, Kinghorn, McInally; Cons: Hastings 8)
Russia 0
BIG SPENDERS
Premier League clubs spent £230 million (Dh1.15 billion) on January transfers, the second-highest total for the mid-season window, the Sports Business Group at Deloitte said in a report.
Dubai Women's Tour teams
Agolico BMC
Andy Schleck Cycles-Immo Losch
Aromitalia Basso Bikes Vaiano
Cogeas Mettler Look
Doltcini-Van Eyck Sport
Hitec Products – Birk Sport
Kazakhstan National Team
Kuwait Cycling Team
Macogep Tornatech Girondins de Bordeaux
Minsk Cycling Club
Pannonia Regional Team (Fehérvár)
Team Auvergne-Rhône-Alpes
Team Ciclotel
UAE Women’s Team
Under 23 Kazakhstan Team
Wheel Divas Cycling Team
Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
The specs: 2018 Maserati GranTurismo/GranCabrio
Price, base Dh485,000 (GranTurismo) and Dh575,000 (GranCabrio)
Engine 4.7L V8
Transmission Six-speed automatic
Power 460hp @ 7,000rpm
Torque 520Nm @ 4,750rpm
Fuel economy, combined 14.3L (GranTurismo) and 14.5L (GranCabrio) / 100km
How to avoid crypto fraud
- Use unique usernames and passwords while enabling multi-factor authentication.
- Use an offline private key, a physical device that requires manual activation, whenever you access your wallet.
- Avoid suspicious social media ads promoting fraudulent schemes.
- Only invest in crypto projects that you fully understand.
- Critically assess whether a project’s promises or returns seem too good to be true.
- Only use reputable platforms that have a track record of strong regulatory compliance.
- Store funds in hardware wallets as opposed to online exchanges.