The aftermath of an Israeli strike on homes, in Rafah, in the south of the Gaza Strip. Reuters
The aftermath of an Israeli strike on homes, in Rafah, in the south of the Gaza Strip. Reuters
The aftermath of an Israeli strike on homes, in Rafah, in the south of the Gaza Strip. Reuters
The aftermath of an Israeli strike on homes, in Rafah, in the south of the Gaza Strip. Reuters

Mediators and negotiators return to Egypt after Hamas agrees to Gaza ceasefire proposals


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Live updates: Follow the latest on Israel-Gaza

Gaza war mediators and negotiators gathered in Egypt on Tuesday, a day after Hamas said it had accepted proposals to end the seven-month-old war in Gaza, sources told The National.

Israel has yet to officially respond to the proposals ironed out by US, Egyptian and Qatari mediators over the past week. However, its takeover of the Gaza side of the Rafah border crossing with Egypt suggests it intends to press on with the war in the Palestinian territory.

On Tuesday, Israeli Prime Minister Benjamin Netanyahu said seizing the passage in Rafah was "an important step on the way to destroying the remaining military capabilities of Hamas”.

The deal accepted by Hamas late on Monday envisages a hostage and prisoner swap between Israel and Hamas as well as the gradual withdrawal of Israeli forces from Gaza and “sustainable calm”.

It also provides for the return home of Palestinians displaced by the war, with about 1.5 million of them taking refuge in the southern border city of Rafah.

The White House said Hamas and Israel should be able to close the remaining gaps in their positions and reach a deal. "We believe that these gaps can be closed," John Kirby, the White House national security spokesman, said on Tuesday.

Mr Netanyahu has repeatedly said he has no intention of ending the war in Gaza before the declared goal of destroying Hamas is achieved.

Agreeing to a permanent ceasefire, he said, would be tantamount to surrendering to the militant group, which has ruled Gaza since 2007.

His Defence Minister, Yoav Gallant, said if hostages are not returned, Israel would expand its operations “all over the Strip, in the south, in the centre and in the north".

“Hamas only responds to force, so we will intensify our actions and the military pressure will result in us crushing … Hamas.”

Israeli Defence Minister Yoav Gallant talking to soldiers standing by a self-propelled artillery howitzer during a visit to a position in southern Israel near the southern Gaza city of Rafah. AFP
Israeli Defence Minister Yoav Gallant talking to soldiers standing by a self-propelled artillery howitzer during a visit to a position in southern Israel near the southern Gaza city of Rafah. AFP

The sources said CIA director William Burns, Qatari mediators, a senior Hamas official and a team of Israeli negotiators have all arrived in Egypt for a new round of negotiations.

Mr Netanyahu's office said that “while the Hamas proposal is far from meeting Israel's core demands, Israel will send a ranking delegation to Egypt in an effort to maximise the possibility of reaching an agreement on terms acceptable to Israel”.

The mediators assembling in Egypt will iron out details of the proposed deal and listen to comments and requests by the Israelis, said the sources.

However, in a move likely to deepen the distrust between Hamas and Israel and dishearten the mediators, the Israeli military said on Tuesday that it had established “operational control” over the Gaza side of the Rafah crossing overnight. The other side of the crossing is in Egypt's Sinai Peninsula.

Israel on Monday also began an assault on Rafah despite warnings of high civilian casualties, pushing the ceasefire talks with Hamas closer to the brink of collapse as they reached a critical stage.

The Israeli war cabinet unanimously decided Israel would continue its operation in Rafah despite Hamas's positive response to the ceasefire proposals, to “apply military pressure on Hamas so as to advance the release of our hostages and achieve the other objectives of the war,” the Prime Minister's office said.

But a Palestinian political source questioned whether the Israeli tactic would bring results.

It is clear that the end of the war is approaching, even if the Israelis refuse to do so in the coming days,” the source told The National. “As the war enters its eighth month, everyone is convinced that what hasn’t been achieved during that period will not be achieved in an additional month or more weeks.”

Smoke rises following an Israeli air strike on buildings near the wall separating Egypt and Rafah in southern Gaza. AP
Smoke rises following an Israeli air strike on buildings near the wall separating Egypt and Rafah in southern Gaza. AP

The Rafah crossing is the only link between Gaza and lands not controlled by Israel. Since the war started in October, it has been used to take humanitarian aid into the coastal territory and to evacuate the wounded to be treated.

Egypt, which shares borders with both Gaza and Israel, strongly condemned the Israeli move at the Rafah crossing.

The Egytian Foreign Ministry called on Israel to exercise maximum restraint and “abandon brinkmanship policies that will have long-term consequences and undermine the efforts being made to reach a lasting truce in Gaza”.

Egypt, which signed a peace treaty with Israel in 1979, has harshly criticised the Israeli government since the Gaza war began, accusing it of excessive force, using food as a weapon and breaching international law.

Jordan's Foreign Minister Ayman Safadi said on social media site X that Mr Netanyahu was jeopardising a ceasefire by bombing Rafah.

“If Netanyahu genuinely wants a deal, he will negotiate the offer in earnest. Instead, he is jeopardising the deal by bombing Rafah,” Mr Safadi said.

Meanwhile, Jordan's King Abdullah II told US President Joe Biden in a private meeting on Monday that an Israeli offensive in Rafah would lead to a “new massacre” of Palestinian civilians and urged the international community to take urgent action.

“The king warned of the repercussions of the Israeli ground offensive on Rafah, which could cause a regional spillover of the conflict,” a statement from Jordan's royal court said after the monarch had lunch with Mr Biden at the White House.

Israeli tanks entering the Palestinian side of the Rafah border crossing between Gaza and Egypt. AFP
Israeli tanks entering the Palestinian side of the Rafah border crossing between Gaza and Egypt. AFP

The Gaza war was triggered by a deadly attack on southern Israel by Hamas, whose fighters killed about 1,200 people and took another 240 hostage. The Israeli response has to date killed more than 34,700 Palestinians and wounded twice as many.

The relentless Israeli bombardment has also displaced more than 80 per cent of Gaza's 2.3 million residents and razed much of the enclave's built-up areas.

A week-long pause in the war in late November led to Hamas releasing about 100 hostages. The 130 left are believed to include the remains of about 30 who died in captivity.

Khaled Yacoub Oweis contributed to this report from Amman

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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.

Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

Meydan race card

6.30pm: Maiden Dh 165,000 1,600m
7.05pm: Handicap Dh 185,000 2,000m
7.40pm: Maiden Dh 165,000 1,600m
8.15pm: Handicap Dh 190,000 1,400m
8.50pm: Handicap Dh 175,000 1,600m
9.25pm: Handicap Dh 175,000 1,200m
10pm: Handicap Dh 165,000 1,600m

The Way It Was: My Life with Frank Sinatra by Eliot Weisman and Jennifer Valoppi
Hachette Books

Trump v Khan

2016: Feud begins after Khan criticised Trump’s proposed Muslim travel ban to US

2017: Trump criticises Khan’s ‘no reason to be alarmed’ response to London Bridge terror attacks

2019: Trump calls Khan a “stone cold loser” before first state visit

2019: Trump tweets about “Khan’s Londonistan”, calling him “a national disgrace”

2022:  Khan’s office attributes rise in Islamophobic abuse against the major to hostility stoked during Trump’s presidency

July 2025 During a golfing trip to Scotland, Trump calls Khan “a nasty person”

Sept 2025 Trump blames Khan for London’s “stabbings and the dirt and the filth”.

Dec 2025 Trump suggests migrants got Khan elected, calls him a “horrible, vicious, disgusting mayor”

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MATCH INFO

Manchester City 2 (Mahrez 04', Ake 84')

Leicester City 5 (Vardy 37' pen, 54', 58' pen, Maddison 77', Tielemans 88' pen)

Man of the match: Jamie Vardy (Leicester City)

THE DETAILS

Director: Milan Jhaveri
Producer: Emmay Entertainment and T-Series
Cast: John Abraham, Manoj Bajpayee
Rating: 2/5

What is safeguarding?

“Safeguarding, not just in sport, but in all walks of life, is making sure that policies are put in place that make sure your child is safe; when they attend a football club, a tennis club, that there are welfare officers at clubs who are qualified to a standard to make sure your child is safe in that environment,” Derek Bell explains.

match info

Manchester United 3 (Martial 7', 44', 74')

Sheffield United 0

UAE currency: the story behind the money in your pockets
Results

6pm: Dubai Trophy – Conditions (TB) $100,000 (Turf) 1,200m 

Winner: Silent Speech, William Buick (jockey), Charlie Appleby
(trainer) 

6.35pm: Jumeirah Derby Trial – Conditions (TB) $60,000 (T)
1,800m 

Winner: Island Falcon, Frankie Dettori, Saeed bin Suroor 

7.10pm: UAE 2000 Guineas Trial – Conditions (TB) $60,000 (Dirt)
1,400m 

Winner: Rawy, Mickael Barzalona, Salem bin Ghadayer 

7.45pm: Al Rashidiya – Group 2 (TB) $180,000 (T) 1,800m 

Winner: Desert Fire, Hector Crouch, Saeed bin Suroor 

8.20pm: Al Fahidi Fort – Group 2 (TB) $180,000 (T) 1,400m 

Winner: Naval Crown, William Buick, Charlie Appleby 

8.55pm: Dubawi Stakes – Group 3 (TB) $150,000 (D) 1,200m 

Winner: Al Tariq, Pat Dobbs, Doug Watsons 

9.30pm: Aliyah – Rated Conditions (TB) $80,000 (D) 2,000m 

Winner: Dubai Icon, Patrick Cosgrave, Saeed bin Suroor  

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

Match info

Wolves 0

Arsenal 2 (Saka 43', Lacazette 85')

Man of the match: Shkodran Mustafi (Arsenal)

Yahya Al Ghassani's bio

Date of birth: April 18, 1998

Playing position: Winger

Clubs: 2015-2017 – Al Ahli Dubai; March-June 2018 – Paris FC; August – Al Wahda

Company%20Profile
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Five personal finance podcasts from The National

 

To help you get started, tune into these Pocketful of Dirham episodes 

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How gamers are getting rich by earning cryptocurrencies 

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Company%20profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3EHakbah%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2018%0D%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3ENaif%20AbuSaida%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3ESaudi%20Arabia%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3E22%20%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%20%3C%2Fstrong%3E%24200%2C000%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3Epre-Series%20A%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EGlobal%20Ventures%20and%20Aditum%20Investment%20Management%0D%3Cbr%3E%3Cbr%3E%3C%2Fp%3E%0A
Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Roger Federer's 2018 record

Australian Open Champion

Rotterdam Champion

Indian Wells Runner-up

Miami Second round

Stuttgart Champion

Halle Runner-up

Wimbledon Quarter-finals

Cincinnati Runner-up

US Open Fourth round

Shanghai Semi-finals

Basel Champion

Paris Masters Semi-finals

 

 

PROFILE OF CURE.FIT

Started: July 2016

Founders: Mukesh Bansal and Ankit Nagori

Based: Bangalore, India

Sector: Health & wellness

Size: 500 employees

Investment: $250 million

Investors: Accel, Oaktree Capital (US); Chiratae Ventures, Epiq Capital, Innoven Capital, Kalaari Capital, Kotak Mahindra Bank, Piramal Group’s Anand Piramal, Pratithi Investment Trust, Ratan Tata (India); and Unilever Ventures (Unilever’s global venture capital arm)

Biog

Age: 50

Known as the UAE’s strongest man

Favourite dish: “Everything and sea food”

Hobbies: Drawing, basketball and poetry

Favourite car: Any classic car

Favourite superhero: The Hulk original

How to help

Call the hotline on 0502955999 or send "thenational" to the following numbers:

2289 - Dh10

2252 - Dh50

6025 - Dh20

6027 - Dh100

6026 - Dh200

In numbers

1,000 tonnes of waste collected daily:

  • 800 tonnes converted into alternative fuel
  • 150 tonnes to landfill
  • 50 tonnes sold as scrap metal

800 tonnes of RDF replaces 500 tonnes of coal

Two conveyor lines treat more than 350,000 tonnes of waste per year

25 staff on site

 

SPECS
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House-hunting

Top 10 locations for inquiries from US house hunters, according to Rightmove

  1. Edinburgh, Scotland 
  2. Westminster, London 
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  4. Glasgow, Scotland 
  5. Islington, London 
  6. Kensington and Chelsea, London 
  7. Highlands, Scotland 
  8. Argyll and Bute, Scotland 
  9. Fife, Scotland 
  10. Tower Hamlets, London 

 

From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

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How to tell if your child is being bullied at school

Sudden change in behaviour or displays higher levels of stress or anxiety

Shows signs of depression or isolation

Ability to sleep well diminishes

Academic performance begins to deteriorate

Changes in eating habits

Struggles to concentrate

Refuses to go to school

Behaviour changes and is aggressive towards siblings

Begins to use language they do not normally use

Updated: May 07, 2024, 5:55 PM