Israeli companies have been allowed to take part in the Milipol arms fair in Paris after the French government cited the Gaza ceasefire, following attempts to ban them from previous events.
The three-day fair began on Tuesday in the northern suburb of Villepinte. More than 30,000 visitors and 1,100 exhibitors are expected, including 38 Israeli companies.
In June, some Israeli exhibitors' stands at the Paris Air Show were shut down after displaying what the French government described as offensive weapons.
On Tuesday, participants at some Israeli stands told The National they were not allowed to speak to the press, though it remained unclear who had issued such instructions. Others refused to comment on politics and said they simply wanted to sell their products at Milipol, which this year focuses on homeland security and artificial intelligence.
“It's great that we are here, and that's the best thing,” one Israeli exhibitor said.
An informed source said the Israeli position was to not react as long as the fair moved ahead smoothly for the country's participants.
In June, some Israeli exhibitors' stands at the Paris Air Show were covered with black sheets. The French government also tried to ban Israeli companies from taking part in the 2024 Eurosatory arms fair, but that was reversed by a court decision.
Earlier this month, a group of activists asked the Prime Minister and Milipol organisers to ban Israel's participation, citing the French state's obligation to comply with international law and refrain from participating in abetting Israeli war crimes identified by the International Court of Justice, including possible genocide in Gaza.
'Constructive dialogue'
French authorities permitting Israel's participation has signalled a desire to send a positive political signal to Tel Aviv. Relations between French President Emmanuel Macron and Israeli Prime Minister Benjamin Netanyahu soured after Mr Macron's criticism of Israel's conduct in the Gaza war and his decision to recognise Palestinian statehood.
“In the context of de-escalation and in a desire to re-engage in dialogue with the Israeli authorities, it was decided to allow all Israeli companies that wished to do so to exhibit at the Milipol trade fair,” the Interior Ministry, a co-organiser of Milipol, told The National in a statement.
Mr Macron's office had previously said the decision was made “given the evolving situation on the ground following the ceasefire” brokered last month by US President Donald Trump.
“This decision aims to contribute to a constructive dialogue with the Israeli authorities on all issues relating to peace in the Middle East and our bilateral relations,” it said.
Claims by French-Israeli former MP Meyer Habib that Mr Macron had initially intended to ban the participation of eight Israeli companies from Milipol, before changing his mind, were not confirmed by the Elysee.
Last week, Mr Habib published on X an alleged exchange of text messages with the President in which Mr Macron responds “done deal” to the former MP's message saying that he had “received emergency calls from Israel” because “France intends to ban Israeli companies from Milipol 2025".
Activists behind the attempted ban have said the risk of genocide in Gaza continues and also cite the 266 Gazans killed by Israel since the ceasefire came into effect in October. More than 69,000 Gazans have been killed in Israel's retaliatory war for the October 2023 Hamas-led attacks in which around 1,200 died.
The activist groups include Ramallah campaign group Al Haq, French organisation Lawyers for Justice in the Middle East and the French Jewish Union for Peace (UJFP), an anti-Zionist organisation.
UJFP spokesperson Beatrice Ores told The National that Israeli companies had been able to strike new deals during the Paris Air Show, despite some being shut down. The NGOs are planning to sue the French state over this, though Ms Ores said more work was needed to build a case. This includes finding Gazans willing to testify that relatives were maimed or killed by Israeli companies that exhibited at the event. “The ban was just for show,” she said.
The group has not yet decided how to move forward over Israeli participation in Milipol. Court cases are expensive and labour-intensive with an uncertain outcome.
A recent case brought forward by activists in the Netherlands accusing the state of complicity in genocide was dismissed by an appeals court. NGOs were ordered to pay legal costs. The court said that was not up to the court to prescribe to the state what measures should be taken, including on weapons exports to Israel.
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SERIE A FIXTURES
Saturday (All UAE kick-off times)
Cagliari v AC Milan (6pm)
Lazio v Napoli (9pm)
Inter Milan v Atalanta (11.45pm)
Sunday
Udinese v Sassuolo (3.30pm)
Sampdoria v Brescia (6pm)
Fiorentina v SPAL (6pm)
Torino v Bologna (6pm)
Verona v Genoa (9pm)
Roma V Juventus (11.45pm)
Parma v Lecce (11.45pm)
PROFILE OF HALAN
Started: November 2017
Founders: Mounir Nakhla, Ahmed Mohsen and Mohamed Aboulnaga
Based: Cairo, Egypt
Sector: transport and logistics
Size: 150 employees
Investment: approximately $8 million
Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar
RESULT
Bayer Leverkusen 2 Bayern Munich 4
Leverkusen: Alario (9'), Wirtz (89')
Bayern: Coman (27'), Goretzka (42'), Gnabry (45'), Lewandowski (66')
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'Tell the Machine Goodnight' by Katie Williams
Penguin Randomhouse
The biog
Favourite book: Homegoing by Yaa Gyasi
Favourite holiday destination: Spain
Favourite film: Bohemian Rhapsody
Favourite place to visit in the UAE: The beach or Satwa
Children: Stepdaughter Tyler 27, daughter Quito 22 and son Dali 19
Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
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Tips for job-seekers
- Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
- Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.
David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East
Persuasion
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Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
More from Rashmee Roshan Lall
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Abu Dhabi Card
5pm: Maiden (PA) Dh 80,000 1,400m
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National selection: EL Faust
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.”
Sole survivors
- Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
- George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
- Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
- Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5
THE SPECS
Range Rover Sport Autobiography Dynamic
Engine: 5.0-litre supercharged V8
Transmission: six-speed manual
Power: 518bhp
Torque: 625Nm
Speed: 0-100kmh 5.3 seconds
Price: Dh633,435
On sale: now
David Haye record
Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4
COMPANY%20PROFILE
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