Live updates: Follow the latest on Israel-Gaza
Iran's acting Foreign Minister Ali Bagheri Kani criticised the US ceasefire proposal for Gaza and called on Washington to end its aid for Israel.
He was speaking after he met senior Lebanese officials in Beirut on Monday on his first official trip since taking on the new role.
“If the Americans are honest, then instead of proposing plans under the name of ceasefire, they must take one step, which is end all aid to the Israeli entity,” Mr Kani said from the Iranian embassy in Beirut.
“Only once the aid is cut from the Israeli entity, the entity won't have the tools and ability to commit crimes against the Palestinians and the war will end.”
The timing of Mr Kani's visit was not a coincidence, a source in Beirut said, after US President Joe Biden's comments last Friday on ending the war on Gaza.
Mr Biden had urged Hamas and Israeli leaders to not "lose this moment" in an effort to find peace.
Mr Biden's proposal offered a way to a permanent ceasefire and an end to the war that has claimed the lives of more than 36,400 Gazans and injured more than 82,400 since Israel launched its assault on the Gaza Strip.
The offensive was in retaliation to Hamas's deadly attacks on Israel on October 7 that killed about 1,200 people.
Mr Kani discussed the continuing Israeli bombardment of Gaza and the conflict in south Lebanon as he held talks with Lebanese Prime Minister Najib Mikati and Foreign Minister Abdallah Bou Habib. He is expected to meet Hezbollah secretary general Hassan Nasrallah.
Both foreign ministers reiterated their criticism of Israel's actions against the Palestinian people in Gaza as they discussed a path for peace in south Lebanon.
Iranian state media said Mr Kani would discuss regional developments, especially the situation in Palestine.
The visit came as Hezbollah and Israel engage in daily cross-border exchanges of fire in south Lebanon, which have gradually increased in intensity and scope.
It also comes amid efforts to find peace in south Lebanon and to delineate the contiguous land border there with Israel.
Mr Kani warned Israel against an offensive on south Lebanon, pointing to the strength of Hezbollah which is much more potent that Hamas.
“The entity which is trapped in the swamp in Gaza, if it had the basic rationality, shouldn’t put itself in a similar situation with the strong Lebanese resistance,” he said.
Joint initiative
Mr Kani said he and Mr Bou Habib agreed that regional countries should adopt a joint initiative to stop Israel's violence against the Palestinian people and to protect them.
Mr Kani reaffirmed “Iran's long-standing commitment to stability, security and development in Lebanon".
Mr Bou Habib said "the continuation of the war on Gaza, and the ongoing crimes against the Palestinians" by Israeli undermined the search for stability and security in the region.
He reiterated the Lebanese government's long-held position that it does not want the conflict in south Lebanon to continue and that it is looking for "sustainable solutions that restore calm and stability to southern Lebanon".
While Lebanon is technically in a state of war with Israel, the government has said it does want there to be conflict.
However, it is largely powerless to control Hezbollah in the south. About 100,000 people have been displaced by the conflict there.
At least 60,000 people have been displaced in northern Israel by the conflict. Israel wants to push Hezbollah away from the border area – whether diplomatically or through other methods – so residents of northern Israel can return.
Helicopter crash
Mr Kani was appointed to the job after Hossein Amirabdollahian was killed in a helicopter crash last month in Iran that also claimed the life of president Ebrahim Raisi.
He was previously deputy foreign minister and served as Iran's lead nuclear negotiator in indirect talks with the US.
After Lebanon, he will visit Syria.
Iran is a major supporter of Hezbollah, a Lebanese armed group and political party, which is part of the Tehran-backed Axis of Resistance that is characterised by its opposition to Israel.
Hezbollah said it would not cease its attacks until Israel stops its assault on the Gaza Strip.
Mr Amirabdollahian last visited Beirut in February.
RESULTS
Bantamweight:
Zia Mashwani (PAK) bt Chris Corton (PHI)
Super lightweight:
Flavio Serafin (BRA) bt Mohammad Al Khatib (JOR)
Super lightweight:
Dwight Brooks (USA) bt Alex Nacfur (BRA)
Bantamweight:
Tariq Ismail (CAN) bt Jalal Al Daaja (JOR)
Featherweight:
Abdullatip Magomedov (RUS) bt Sulaiman Al Modhyan (KUW)
Middleweight:
Mohammad Fakhreddine (LEB) bt Christofer Silva (BRA)
Middleweight:
Rustam Chsiev (RUS) bt Tarek Suleiman (SYR)
Welterweight:
Khamzat Chimaev (SWE) bt Mzwandile Hlongwa (RSA)
Lightweight:
Alex Martinez (CAN) bt Anas Siraj Mounir (MAR)
Welterweight:
Jarrah Al Selawi (JOR) bt Abdoul Abdouraguimov (FRA)
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Your rights as an employee
The government has taken an increasingly tough line against companies that fail to pay employees on time. Three years ago, the Cabinet passed a decree allowing the government to halt the granting of work permits to companies with wage backlogs.
The new measures passed by the Cabinet in 2016 were an update to the Wage Protection System, which is in place to track whether a company pays its employees on time or not.
If wages are 10 days late, the new measures kick in and the company is alerted it is in breach of labour rules. If wages remain unpaid for a total of 16 days, the authorities can cancel work permits, effectively shutting off operations. Fines of up to Dh5,000 per unpaid employee follow after 60 days.
Despite those measures, late payments remain an issue, particularly in the construction sector. Smaller contractors, such as electrical, plumbing and fit-out businesses, often blame the bigger companies that hire them for wages being late.
The authorities have urged employees to report their companies at the labour ministry or Tawafuq service centres — there are 15 in Abu Dhabi.
TOUCH RULES
Touch is derived from rugby league. Teams consist of up to 14 players with a maximum of six on the field at any time.
Teams can make as many substitutions as they want during the 40 minute matches.
Similar to rugby league, the attacking team has six attempts - or touches - before possession changes over.
A touch is any contact between the player with the ball and a defender, and must be with minimum force.
After a touch the player performs a “roll-ball” - similar to the play-the-ball in league - stepping over or rolling the ball between the feet.
At the roll-ball, the defenders have to retreat a minimum of five metres.
A touchdown is scored when an attacking player places the ball on or over the score-line.
MATCH INFO
Uefa Champions League, last-16, second leg (first-leg scores in brackets):
PSG (2) v Manchester United (0)
Midnight (Thursday), BeIN Sports
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.”
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The new speaker of Iraq’s parliament Mohammed Al Halbousi is the youngest person ever to serve in the role.
The 37-year-old was born in Al Garmah in Anbar and studied civil engineering in Baghdad before going into business. His development company Al Hadeed undertook reconstruction contracts rebuilding parts of Fallujah’s infrastructure.
He entered parliament in 2014 and served as a member of the human rights and finance committees until 2017. In August last year he was appointed governor of Anbar, a role in which he has struggled to secure funding to provide services in the war-damaged province and to secure the withdrawal of Shia militias. He relinquished the post when he was sworn in as a member of parliament on September 3.
He is a member of the Al Hal Sunni-based political party and the Sunni-led Coalition of Iraqi Forces, which is Iraq’s largest Sunni alliance with 37 seats from the May 12 election.
He maintains good relations with former Prime Minister Nouri Al Maliki’s State of Law Coaliton, Hadi Al Amiri’s Badr Organisation and Iranian officials.
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Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
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