The humanitarian crisis is especially acute in the north of Gaza, where Israeli forces say they are fighting a resurging Hamas. AFP
The humanitarian crisis is especially acute in the north of Gaza, where Israeli forces say they are fighting a resurging Hamas. AFP
The humanitarian crisis is especially acute in the north of Gaza, where Israeli forces say they are fighting a resurging Hamas. AFP
The humanitarian crisis is especially acute in the north of Gaza, where Israeli forces say they are fighting a resurging Hamas. AFP

Will Biden put pressure on Israel during final two months in office?


Thomas Helm
  • English
  • Arabic

Live updates: Follow the latest on Israel-Gaza

US Secretary of Defence Lloyd Austin had a “sharp” phone call with his Israeli counterpart on Friday about the humanitarian situation Gaza and the looming deadline set by the US for Israel to increase the amounts of aid into the strip, parts of which the UN says are on the brink of famine.

Mr Austin told Israeli Defence Minister Israel Katz that the US could limit arms transfers to Israel if it cannot demonstrate an increase in access and distribution of humanitarian aid in Gaza, according to the Israeli network Channel 12.

The report raises questions about how US President Joe Biden, who despite a breakdown in his relationship with Prime Minister Benjamin Netanyahu has been a staunch backer of Israel throughout the Gaza war, will use his final months in office vis-a-vis Israel and its war in Gaza. The war has killed more than 43,000 Palestinians and led to massive escalation elsewhere in the Middle East, which risks embroiling US forces.

Washington, along with many of Israel’s allies, has for months joined aid organisations in calling on Israel to increase humanitarian supplies into Gaza. The Biden administration has nonetheless faced accusations of hypocrisy for not forcing change by using its significant leverage over Israel, most notably by restricting the massive amounts of weapons Israel receives from the US, which are critical to the country's ability to continue to fight.

Israel's new Defence Minister Israel Katz, left, shakes hands with Gideon Saar, his successor as Foreign Minister. AFP
Israel's new Defence Minister Israel Katz, left, shakes hands with Gideon Saar, his successor as Foreign Minister. AFP

Pressure on the US to do more has grown amid stark warnings of impending famine in parts of Gaza in recent days, after weeks of an Israeli campaign in the north of the strip. Israel says the return to large-scale operations in the area is to quash renewed Hamas activity in the area, but critics say the assaults are pushing one of the most bombarded areas of Gaza even further into humanitarian catastrophe.

Philippe Lazzarini, commissioner general of UNRWA, the UN’s agency for Palestinian refugees, said on X on Saturday that the news of impending famine was “sadly, not a surprise” and that “hunger has been weaponised by the State of Israel”. Mr Lazzarini referenced a report by food security initiative IPC published the day before, which warned of “an imminent and substantial likelihood of famine occurring” in parts of northern Gaza, urging “immediate action, within days not weeks” to avert a “catastrophic situation”.

The warnings come as the US's November 13 deadline approaches for Israel to demonstrate a change in the humanitarian situation in Gaza. The deadline could present Mr Biden with the first major showdown with Israel’s leadership since Donald Trump won the presidential election.

UN estimates suggest that Israel is highly unlikely to demonstrate tangible change in the few days that remain. URNWA figures state that Israeli authorities allowed an average of 30 lorries per day carrying humanitarian aid into the strip in October. The agency described that rate as the “lowest in a long time, bringing the assistance back to the level of the beginning of the war”.

It remains to be seen whether Mr Biden will use his little time left in office to put more pressure on Israel to achieve US priorities, in particular Israel doing more to address the humanitarian disaster in Gaza and engaging fully in negotiations to free Israeli hostages held in Gaza that would pave the way for a permanent ceasefire.

Israel has been accused of weaponising starvation in Gaza. Reuters
Israel has been accused of weaponising starvation in Gaza. Reuters

Former Israeli deputy national security adviser Chuck Freilich told The National that he thinks Israel will “try to find a way to extend the deadline or if necessary do the minimum possible”.

“With Trump coming in they won't want one of the last acts of the administration in regard to Israel to be a dramatic precedent such as this, and Trump will just revoke it in any event so it would be a gratuitous move,” he said.

Mr Netanyahu is likely to try to resist any pressure from Mr Biden and bide time until Mr Trump, who according to polling before the US elections is viewed by a significant majority of Israelis as a better US president for their country's interests, takes office. During his victory speech, Mr Trump vowed to “stop wars” and he repeatedly called for an end to the Gaza war during his campaign.

It is unclear how he wants Israeli to bring about an end to the war. Mr Trump is a strong advocate of Israel who broke long-standing norms in the conflict with Palestinians in Israel’s favour during his last stint in office, such as moving the US embassy to Jerusalem and recognising Israeli sovereignty over the Golan Heights.

If Mr Trump proves to be as supportive of Israeli expansion, Mr Netanyahu could pursue policies advocated by pro-settler and ultra-religious Zionist parties, who form a vital part of his far-right coalition. Their priorities include annexing the occupied West Bank and resettling Gaza, although Mr Netanyahu has stated publicly that the latter will not happen.

However, critics of Israel’s renewed operations in the north say it is part of a plan to violently depopulate the area in order to create a military buffer zone, which could lead to perfect conditions for the establishment of settlements.

Israel’s military said it was approaching “the complete evacuation” of northern Gaza on Tuesday, according to British newspaper The Guardian, in what the report said was the first official acknowledgement from Israel that it was deliberately pushing Palestinians out of the area. An Israeli military spokesman later said the comments were taken out of context.

In October reports emerged that Mr Netanyahu was examining a plan from hardline former generals to block aid into the region in a bid to lure Hamas militants out. Israel would then give Palestinian civilians a window to leave the area, after which it would be declared a closed military zone in which all remaining people would be considered combatants by the Israeli military.

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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 

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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.”

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● Started: 2024

● Founders: Akshay Dosaj and Asif Rashid

● Based: Dubai, UAE

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● Funding size: Bootstrapped

● No of employees: Nine

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Updated: November 11, 2024, 3:39 AM