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Severing ties with Israel was not discussed by foreign ministers of Arab League countries, as they worked to reach a unified position on Gaza ahead of the Arab League summit in Bahrain, a senior official has said.
Hossam Zaki, Assistant Secretary General of the Arab League, told The National that cutting off diplomatic ties “was not discussed in the meeting” on Tuesday.
He told reporters there was consensus at this year's Arab League summit, which is expected to focus on the war in Gaza.
“There is total and complete unanimous agreement this time around regarding the Bahrain declaration among the member states. The Bahrain declaration is a continuation of what was adopted in Riyadh," he said.
Mr Zaki was referring to an emergency summit convened in Riyadh in November, a month after Israel launched a military offensive on the Palestinian enclave in response to a Hamas-led attack on southern Israel.
"The war has continued and the war has evolved so we are adopting a political position that is adequate and commensurate with the current circumstances in Gaza,” Mr Zaki told The National.
Foreign ministers of Arab League countries gathered in Manama on Tuesday to finalise the bloc's joint action plan for the year before leaders arrive for their annual summit on Thursday. Bahrain, as current holder of the Arab League presidency, has been working towards Arab unity on the summit's final communique.
“Bahraini Foreign Minister Abdullatif bin Rashid Al Zayani has been on a tour of the Arab states meeting with leaders to get them unified behind the final text, which is expected to announce a tougher stance against Israel,” a source told The National.
Emergency plan needed
Arab League Secretary General Ahmed Aboul Gheit arrived in Manama on Sunday and led a meeting of the group's Economic and Social Council, which was followed by talks on Arab unity regarding postwar reconstruction plans for Gaza.
“Every move, whether Arab or international, to put an end to Israeli crimes remains an utmost necessity,” he said at the opening session.
“The League of Arab States emphasised the importance of seeking to alleviate the pain of the residents of the Gaza Strip. The bridges of humanitarian aid coming from Arab countries to Gaza have not stopped, but Israel has continued to prevent the entry of aid and used the weapon of starvation against the people of the Gaza Strip,” Mr Aboul Gheit said.
He said the summit on Thursday would need to produce an “emergency plan to deal with the repercussions of the war”.
Muhannad Al Aklouk, the Palestinian representative to the Arab League, said the emergency response plan would require two stages.
“The first is programmes related to emergency response, comprehensive relief and early recovery, and the second will be worked on at a later time and is related to recovery and early reconstruction,” he told reporters in Manama.
Arab consensus
Diplomatic sources in Manama told The National that Bahraini summit organisers had been attempting to build on the resolution drafted at the Riyadh summit that failed to win majority consensus from the Arab League's 22 member states.
After concluding three days of talks on a collective response and action regarding the developments in Gaza, the Arab League and Organisation of Islamic Co-operation jointly called for an arms embargo against Israel.
“There’s a sense with the diplomats already in discussions ahead of Thursday’s high-level meeting of leaders that this summit in Bahrain is a consequential summit because of the Palestinian cause,” Tawfeeq Almansour, a former Bahraini diplomat, told reporters on Sunday.
“The fate of the Palestinian cause is the fate of the Arab world. The recent aggression on Gaza solidified that even more.”
Addressing the foreign ministers' meeting on Tuesday, Mr Aboul Gheit said international intervention for the creation of a Palestinian state alongside Israel was the only way to resolve their decades-old dispute.
“We call on international efforts to organise behind the creation of a two-state solution because the two parties, the Palestinian and the Israeli, are unable to reach an agreement on their own,” he said.
“Therefore, international intervention, in all its forms, has become a necessity. Returning to the path of bilateral negotiations is no longer a possible option. How can this negotiation take place when there is a party that rejects it in the first place?”
The UN General Assembly on Friday voted overwhelmingly in support of a Palestinian bid for full membership of the world body, a symbolic move after the US earlier vetoed the measure in the Security Council.
The resolution, which states that the Palestinians should be admitted to the UN and grants them some additional rights under their current observer status, received 143 votes in favour and nine against, with 25 abstentions.
Speaking to reporters in Manama, Mr Zaki said the group was preparing for a peace conference towards achieving the two-state goal.
Calls for Gaza ceasefire
The summit is being held as Israel intensifies military operations against Hamas in northern Gaza and in the crowded southern city of Rafah.
Israeli troops entered Rafah last week despite warnings from the international community, including from its leading ally and benefactor the US, about a humanitarian catastrophe if Israel invaded.
Rafah has been hosting more than a million Gazans displaced from their homes during more than seven months of a war that has razed buildings across the besieged enclave, which has destroyed its infrastructure and health system and created acute shortages of food.
Many of the more than 35,000 people killed so far have been women and children, Gaza's Health Ministry said.
The fighting in Rafah has forced out about 500,000 people so far, according to the UN Agency for Palestinian refugees, UNRWA, which said that “no place is safe” in Gaza.
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UAE v Gibraltar
What: International friendly
When: 7pm kick off
Where: Rugby Park, Dubai Sports City
Admission: Free
Online: The match will be broadcast live on Dubai Exiles’ Facebook page
UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)
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.”
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
Name: Peter Dicce
Title: Assistant dean of students and director of athletics
Favourite sport: soccer
Favourite team: Bayern Munich
Favourite player: Franz Beckenbauer
Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates
Huroob Ezterari
Director: Ahmed Moussa
Starring: Ahmed El Sakka, Amir Karara, Ghada Adel and Moustafa Mohammed
Three stars
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
The specs
Engine: four-litre V6 and 3.5-litre V6 twin-turbo
Transmission: six-speed and 10-speed
Power: 271 and 409 horsepower
Torque: 385 and 650Nm
Price: from Dh229,900 to Dh355,000
Indoor cricket in a nutshell
Indoor Cricket World Cup - Sep 16-20, Insportz, Dubai
16 Indoor cricket matches are 16 overs per side
8 There are eight players per team
9 There have been nine Indoor Cricket World Cups for men. Australia have won every one.
5 Five runs are deducted from the score when a wickets falls
4 Batsmen bat in pairs, facing four overs per partnership
Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.
Zones
A Front net, behind the striker and wicketkeeper: 0 runs
B Side nets, between the striker and halfway down the pitch: 1 run
C Side nets between halfway and the bowlers end: 2 runs
D Back net: 4 runs on the bounce, 6 runs on the full
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
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.
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.
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