Lebanese people take stock of the damage on Wednesday after the war between Israel and Hezbollah. Reuters
Lebanese people take stock of the damage on Wednesday after the war between Israel and Hezbollah. Reuters
Lebanese people take stock of the damage on Wednesday after the war between Israel and Hezbollah. Reuters
Lebanese people take stock of the damage on Wednesday after the war between Israel and Hezbollah. Reuters

Revealed: Full text of the Israel-Hezbollah ceasefire agreement


  • English
  • Arabic

Live updates: Follow the latest on Israel-Gaza

A ceasefire between Israel and Hezbollah came into effect on Wednesday. It marks the first pause in Israel's war on Lebanon, which has killed more than 3,700 people in the past year.

The National has obtained the final version of the full text of the agreement from a senior official, after it was discussed in a government meeting in Beirut on Wednesday. It was agreed and sent to Lebanon's parliament for approval. The deal was mediated by the US envoy Amos Hochstein.

Announcement of a Cessation of Hostilities and Related Commitments on Enhanced Security Arrangements and Towards the Implementation of UNSCR 1701

After discussions with the governments of the republic of Lebanon (hereinafter “Lebanon”) and the state of Israel (hereinafter “Israel”), the United States of America and France understand that Lebanon and Israel seek a sustainable end to the current escalation of hostilities across the Blue Line and are each prepared to take steps to promote conditions for a permanent and comprehensive solution. These understandings reflect steps to which Israel and Lebanon are committed in order to implement fully UN Security Council Resolution (UNSCR) 1701, recognising that UNSCR 1701 also calls for full implementation of its predecessor UNSC resolutions, including “disarmament of all armed groups in Lebanon”, so that the only forces authorised to carry arms in Lebanon will be the Lebanese Armed Forces (LAF), Internal Security Forces, Directorate of General Security, General Directorate of State Security, Lebanese Customs and Municipal Police (hereinafter “Lebanon's official military and security forces”). To that end, the US and France understand the following:

1. Israel and Lebanon will implement a cessation of hostilities beginning at 4am, November 27, 2024 in accordance with the commitments detailed below.

2. From 4am, November 27, 2024 forward, the Government of Lebanon will prevent Hezbollah and all other armed groups in the territory of Lebanon from carrying out any operations against Israel, and Israel will not carry out any offensive military operations against Lebanese targets, including civilian, military or other state targets, in the territory of Lebanon by land, air or sea.

3. Israel and Lebanon recognise the importance of UNSCR 1701 to achieving lasting peace and security and commit to taking steps towards its full implementation, without violation.

4. These commitments do not preclude either Israel or Lebanon from exercising their inherent right of self-defence, consistent with international law.

5. Without prejudice to the UN Interim Force in Lebanon (Unifil) and its responsibilities, or to commitments in UNSCR 1701 and its predecessor resolutions, Lebanon's official military and security forces, infrastructure and weaponry will be the only armed groups, arms and related materiel deployed in the southern Litani area shown in the attached LAF Deployment Plan (hereinafter “the Southern Litani Area”).

6. Consistent with UNSCR 1701 and its predecessor resolutions, in order to prevent the re-establishment and rearmament of non-state armed groups in Lebanon, any sales or supply of arms and related materiel into Lebanon will be regulated and controlled by the Government of Lebanon. Additionally, all production of arms and related materiel within Lebanon will be regulated and controlled by the Government of Lebanon.

7. In order to implement UNSCR 1701, and upon the commencement of the cessation of hostilities according to paragraph one, the Government of Lebanon will provide all necessary authorities, including freedom of movement, to Lebanon's official military and security forces, and instruct them, consistent with UNSCR 1701 and its predecessor resolutions to:

a. Monitor and enforce against any unauthorised entry of arms and related materiel into and throughout Lebanon, including through all border crossings, and against the unauthorised production of arms and materiel within Lebanon.

b. Starting with the Southern Litani Area, dismantle all existing unauthorised facilities involved in the production of arms and related materiel, and prevent the establishment of such facilities in the future.

c. Starting with the Southern Litani Area, dismantle all infrastructure and military positions, and confiscate all unauthorised arms inconsistent with these commitments.

8. The US and France intend to work within the Military Technical Committee for Lebanon (MTC4L) to enable and achieve a total LAF deployment of 10,000 soldiers to southern Lebanon as soon as possible. Further, the US and France intend to work with the international community to support the LAF as appropriate to achieve such an increase in its deployment levels in Lebanon, and to improve its capabilities.

9. Upon the commencement of the cessation of hostilities according to paragraph one, and without prejudice to Unifil and its mandate and responsibilities in UNSCR 1701 and its predecessor resolutions, Israel and Lebanon resolve, in co-ordination with Unifil, to reformulate and enhance the tripartite mechanism (hereinafter: “the Mechanism”). The reformulated and enhanced Mechanism, hosted by Unifil, chaired by the US, and including France, will monitor, verify, and assist in ensuring enforcement of these commitments.

a. Israel and Lebanon will co-operate with and facilitate the work of the Mechanism and will ensure their safety.

b. The Mechanism will work with the MTC4L to strengthen the capacity and training of the LAF to inspect and dismantle unauthorised sites and infrastructure, above and below ground, confiscate unauthorised weapons, and prevent the presence of unauthorised armed groups.

c. Alongside the Mechanism's work, Unifil's work pursuant to its mandate will continue, including the efforts Unifil supports through its convening role that enhance the Mechanism's effectiveness.

10. Israel and Lebanon will report any alleged violations to the Mechanism and Unifil without prejudice to their respective rights to communicate directly with the UN Security Council. The Mechanism will develop appropriate procedures to consult, inspect, gather information, and assist in ensuring the enforcement of these commitments.

11. Upon the commencement of the cessation of hostilities according to paragraph one, Lebanon will deploy its official military and security forces to all borders, and to all regulated and non-regulated land, air and sea border crossings. In addition, the LAF will deploy forces, set road blocks and checkpoints on all the roads and bridges along the line delineating the Southern Litani Area.

12. Upon the commencement of the cessation of hostilities according to paragraph one, Israel will withdraw its forces in a phased manner south of the Blue Line, and in parallel the LAF will deploy to positions in the Southern Litani Area shown in the attached LAF Deployment Plan, and will commence the implementation of its obligations under the commitments, including the dismantling of unauthorised sites and infrastructure and confiscating unauthorised arms and related materiel. The Mechanism will co-ordinate execution by the Israel Defence Forces and LAF of the specific and detailed plan for the phased withdrawal and deployment in these areas, which should not exceed 60 days.

13. Israel and Lebanon request that the US – with the partnership of the UN – facilitate indirect negotiations between Israel and Lebanon with the objective of resolving remaining disputed points along the Blue Line, consistent with resolution 1701.

The US and France understand that the above commitments will be accepted by Israel and Lebanon concurrently with this announcement.

These commitments strive to enable civilians on both sides of the Blue Line to return safely to their lands and homes. The US and France further intend to lead international efforts to support capacity-building and economic development throughout Lebanon to advance stability and prosperity in this region.

The biog

Age: 59

From: Giza Governorate, Egypt

Family: A daughter, two sons and wife

Favourite tree: Ghaf

Runner up favourite tree: Frankincense 

Favourite place on Sir Bani Yas Island: “I love all of Sir Bani Yas. Every spot of Sir Bani Yas, I love it.”

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Klipit%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202022%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Venkat%20Reddy%2C%20Mohammed%20Al%20Bulooki%2C%20Bilal%20Merchant%2C%20Asif%20Ahmed%2C%20Ovais%20Merchant%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%2C%20UAE%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Digital%20receipts%2C%20finance%2C%20blockchain%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%244%20million%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Privately%2Fself-funded%3C%2Fp%3E%0A
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Floward%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3ERiyadh%2C%20Saudi%20Arabia%0D%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EAbdulaziz%20Al%20Loughani%20and%20Mohamed%20Al%20Arifi%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EE-commerce%0D%3Cbr%3E%3Cstrong%3ETotal%20funding%3A%20%3C%2Fstrong%3EAbout%20%24200%20million%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EAljazira%20Capital%2C%20Rainwater%20Partners%2C%20STV%20and%20Impact46%0D%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%20%3C%2Fstrong%3E1%2C200%3C%2Fp%3E%0A
if you go

The flights
Flydubai offers three daily direct flights to Sarajevo and, from June, a daily flight from Thessaloniki from Dubai. A return flight costs from Dhs1,905 including taxes.
The trip 
The Travel Scientists are the organisers of the Balkan Ride and several other rallies around the world. The 2018 running of this particular adventure will take place from August 3-11, once again starting in Sarajevo and ending a week later in Thessaloniki. If you’re driving your own vehicle, then entry start from €880 (Dhs 3,900) per person including all accommodation along the route. Contact the Travel Scientists if you wish to hire one of their vehicles. 

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
Company%20profile
%3Cp%3E%3Cstrong%3ECompany%3A%20%3C%2Fstrong%3ESplintr%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EMay%202019%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EMohammad%20AlMheiri%20and%20Badr%20AlBadr%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%20and%20Riyadh%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3Epayments%20%2F%20FinTech%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ESize%3A%20%3C%2Fstrong%3E10%20employees%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInitial%20investment%3A%20%3C%2Fstrong%3Eundisclosed%20seven-figure%20sum%20%2F%20pre-seed%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStage%3A%20%3C%2Fstrong%3Eseed%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3Eangel%20investors%3C%2Fp%3E%0A
Red flags
  • Promises of high, fixed or 'guaranteed' returns.
  • Unregulated structured products or complex investments often used to bypass traditional safeguards.
  • Lack of clear information, vague language, no access to audited financials.
  • Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
  • Hard-selling tactics - creating urgency, offering 'exclusive' deals.

Courtesy: Carol Glynn, founder of Conscious Finance Coaching

The%20Boy%20and%20the%20Heron
%3Cp%3E%3Cstrong%3EDirector%3A%C2%A0%3C%2Fstrong%3EHayao%20Miyazaki%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%C2%A0Soma%20Santoki%2C%20Masaki%20Suda%2C%20Ko%20Shibasaki%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E5%2F5%3C%2Fp%3E%0A

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.”

Who was Alfred Nobel?

The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.

  • In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
  • Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
  • Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
The Buckingham Murders

Starring: Kareena Kapoor Khan, Ash Tandon, Prabhleen Sandhu

Director: Hansal Mehta

Rating: 4 / 5

Updated: November 27, 2024, 4:50 PM