Arab League summit in Bahrain to call for Palestine-Israel peace conference


Ismaeel Naar
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Leaders will arrive for the Arab League summit on Thursday after a unanimous vote to adopt the “Bahrain declaration” calling for a peace conference on the Palestinian-Israeli conflict in Manama, a Bahraini official confirmed.

Ambassador Ahmed Al Turaifi, Chief of Arab and African Affairs at Bahrain’s Ministry of Foreign Affairs, said his country will begin working towards hosting the peace conference after the Arab League summit finishes.

Salman bin Hamad Al Khalifa, Bahrain's Crown Prince and Prime Minister, receiving Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, in Manama. AFP
Salman bin Hamad Al Khalifa, Bahrain's Crown Prince and Prime Minister, receiving Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, in Manama. AFP

“When the foreign ministers of the Arab world met on Tuesday, there was a unanimous agreement that the next diplomatic step towards ending the war on Gaza had to be steps taken towards hosting a peace conference to resolve the Palestinian issue and once and for all give the Palestinian people their full right as a member state in front of the world,” Mr Al Turaifi told The National.

“What makes this conference significantly different this time around, compared to past efforts and peace conferences is that the world has finally awoken following the tragedy of the people in Gaza, with 143 countries voting at the UN General Assembly and sending a clear message that the two-state solution is the only path forward,” he added.

The assembly voted last Friday to support Palestine's bid for full UN membership with 143 votes in favour of the resolution, which was proposed in the name of 22 Arab countries and co-sponsored by about 65 states.

At the preparatory meeting for foreign ministers in Bahrain’s capital on Tuesday, ministers agreed on a draft agenda for the summit, as well as draft resolutions and documents that will be presented to leaders.

“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,” Hossam Zaki, assistant secretary general of the Arab League, told The National.

He was referring to the emergency summit convened in Riyadh in November, one month after Israel launched a military offensive on the Palestinian enclave in response to a Hamas-led attack.

As Arab leaders prepared for the summit in Manama, gun battles between Israel and militants from Hamas, Islamic Jihad and other Palestinian factions intensified overnight into some of the fiercest in months in both northern and southern Gaza.

Israeli tanks reached the densely populated neighbourhoods and narrow alleyways of the Jabalia camp in the north-east, facing heavy resistance.

A protest during a commemoration of Nakba Day, in the occupied West Bank city of Ramallah. AP
A protest during a commemoration of Nakba Day, in the occupied West Bank city of Ramallah. AP

Reviving the peace process

Part of the Bahrain declaration, which will be read out on Thursday, includes a call for a UN-backed international peace conference to resolve the Palestinian issue to be held in Bahrain.

Ambassador Muhannad Al Aklouk, the permanent representative of Palestine at the Arab League, confirmed the peace conference plan.

“The summit will adopt a set of Arab initiatives, including holding an international peace conference to resolve the Palestinian issue, under the auspices of the UN on the territory of Bahrain,” Mr Al Aklouk said in Manama. “Palestine welcomes and supports the initiative, and considers it a response to the peace plan previously presented by Palestinian President Mahmoud Abbas in 2018.”

In a speech to the UN General Assembly in 2018, Mr Abbas called for a “genuine peace process” after talks towards a two-state solution had stalled. Since then, the quartet comprising the UN, the US, Russia and the EU have unsuccessfully attempted to revive the peace process.

There have been no substantive peace talks between Israel and the Palestinians since 2014, and the two sides are fiercely divided over the core issues of the conflict.

Palestinian President Mahmoud Abbas holds a placard showing maps of historical Palestine. AFP
Palestinian President Mahmoud Abbas holds a placard showing maps of historical Palestine. AFP

Setting a deadline

“Diplomats reached a consensus that a genuine peace conference that would bring both Arab and western partners to the table and pressure Israel back to the negotiating table was much needed at this point of the war,” a Bahraini diplomatic source told The National.

The source said the communique would adopt the call for the peace conference and that Bahrain would work over the next few months to bring all parties to the table.

Addressing journalists during a meeting on Wednesday morning in Amman, Belgian Minister of Development Co-operation Caroline Gennez confirmed that efforts for a Middle East peace conference are under way, without giving more specific details. However, she said that there is no government in Israel interested in a “viable” solution.

Mr Al Aklouk said that the conference aims to launch a “genuine political process with a specific time limit, leading to ending the occupation based on international references for the peace process, including the 2002 Arab Peace Initiative”.

During a meeting in Cairo last March, Arab League Secretary General Ahmed Aboul Gheit and Spanish Foreign Minister Jose Manuel Albares discussed the idea of holding an international peace conference.

Mr Aboul Gheit stressed the importance of Arab-European co-operation to ensure such a conference takes place, aiming for a two-state solution and a political future for Palestinians.

An advertising hoarding shows flags of countries participating in the Arab Summit in Manama. Reuters
An advertising hoarding shows flags of countries participating in the Arab Summit in Manama. Reuters

The 22-member Arab League is also expected to reaffirm its position on Thursday by ruling out western and Israeli proposals for Arab countries to intervene directly in Gaza and its governance post war, according to a source who spoke to The National about the Bahrain declaration.

On Saturday, Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs, said the country “refuses to be drawn into any plan aimed at providing cover for the Israeli presence in the Gaza Strip”, denouncing recent comments made by Israeli Prime Minister Benjamin Netanyahu.

Last month, Jordanian Foreign Minister Ayman Safadi said Arab states would not send troops to Gaza to avoid being associated with the “misery that this war has created”.

“As Arab countries, we have a plan. We know what we want. We want peace on the basis of the two-state solution,” he said in Riyadh.

Khaled Yacoub Oweis contributed reporting from Amman

MATCH INFO

Confederations Cup Group B

Germany v Chile

Kick-off: Thursday, 10pm (UAE)

Where: Kazan Arena, Kazan

Watch live: Abu Dhabi Sports HD

Dubai Creek Open in numbers
  • The Dubai Creek Open is the 10th tournament on this year's Mena Tour
  • It is the first of five events before the season-concluding Mena Tour Championship
  • This week's field comprises 120 players, 21 of which are amateurs
  • 15 previous Mena Tour winners are competing at Dubai Creek Golf and Yacht Club  
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Brief scores:

Scotland 371-5, 50 overs (C MacLeod 140 no, K Coetzer 58, G Munsey 55)

England 365 all out, 48.5 overs (J Bairstow 105, A Hales 52; M Watt 3-55)

Result: Scotland won by six runs

Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

Tips for SMEs to cope
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    Courtesy: Craig Moore, founder and CEO of Beehive, which provides term finance and working capital finance to SMEs. Only SMEs that have been trading for two years are eligible for funding from Beehive.
How to watch Ireland v Pakistan in UAE

When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.

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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.

World Cup final

Who: France v Croatia
When: Sunday, July 15, 7pm (UAE)
TV: Game will be shown live on BeIN Sports for viewers in the Mena region

How to volunteer

The UAE volunteers campaign can be reached at www.volunteers.ae , or by calling 800-VOLAE (80086523), or emailing info@volunteers.ae.

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.”

How to wear a kandura

Dos

  • Wear the right fabric for the right season and occasion 
  • Always ask for the dress code if you don’t know
  • Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work 
  • Wear 100 per cent cotton under the kandura as most fabrics are polyester

Don’ts 

  • Wear hamdania for work, always wear a ghutra and agal 
  • Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying

A Prayer Before Dawn

Director: Jean-Stephane Sauvaire

Starring: Joe Cole, Somluck Kamsing, Panya Yimmumphai

Three stars

Updated: May 16, 2024, 10:28 AM