Live updates: Follow the latest on Israel-Gaza
Egypt has presented Israel and Hamas with new proposals to break the deadlock over the future of the ceasefire in Gaza, including a 60-day truce, the release of the remaining hostages held by the militants and the start of negotiations on ending the war, sources briefed on the matter told The National on Sunday.
The sources said Hamas's initial response was “encouraging”. They said Israeli officials are studying the proposals. Israel announced it was sending a delegation to Qatar on Monday “in an effort to advance the negotiations” on the Gaza ceasefire
“The proposals are a new road map whose main points have been agreed with the Americans,” said one of the sources. “It's conceived as a way out of the deadlock we have had since March 1, when the ceasefire in Gaza ended.”
The proposals, said the sources, were discussed in Cairo over the weekend by Egyptian mediators and top Hamas officials Mohammed Darwish, Khalil Al Hayya and Zaher Jabareen. Hamas spokesman Abdel-Latif Al Qanoua said there were “positive signals” in the group's latest talks with mediators.
Under the Egyptian proposals, the sources said, Hamas will kick off the two-month truce with the release of 10 living hostages, including all or some of the five Americans believed to be held by the group in Gaza. The 10 are not likely to be freed in one batch, the sources added. Hamas is believed to have 24 living hostages and the bodies of 35 others, according to the Israeli military.
According to the proposals, Israel is obliged to release an unspecified number of Palestinians held in its prisons in exchange for the hostages. They should include some of the most high-profile prisoners in the first batch, said the sources.
The proposals also include rescinding Israel's decision last week to halt the entry into Gaza of humanitarian assistance, fuel, tents and caravans. They provide for the start of negotiations on a full Israeli withdrawal from Gaza and a permanent ceasefire that formally ends the war in the enclave, said the sources.
A 42-day ceasefire in Gaza that came into effect on January 19 paused the war in Gaza after 15 months of fighting and led to the release of 33 hostages – 25 living and the remains of eight others – who had been held by Hamas, in exchange for some 2,000 Palestinians incarcerated in Israel. As part of an agreement brokered by US, Egyptian and Qatari mediators, Israel and Hamas should have started negotiations on the second phase of the deal in early February, but they never did.
Instead, Israel offered an extension of the first phase until mid-April and pressed Hamas to release half of the remaining hostages in return for a promise to negotiate a lasting truce. Hamas has rejected the offer, insisting on a transition to negotiations on the second phase.
The latest Israel-Hamas war was sparked by the Hamas-led attack on southern Israel on October 7, 2023, in which around 1,200 were killed and about 250 taken back to Gaza as hostages. Israel's military response to the attack has killed more than 48,400 Palestinians and injured more than twice that number, according to Gaza's health ministry. It has also reduced to rubble most of the sector's built-up areas, and displaced the vast majority of its 2.3 million residents.
Last week, the White House confirmed the start of unprecedented direct talks with Hamas, with whom Washington had refused contact since designating it a terrorist organisation in 1997. The sources who spoke to The National on Sunday said direct US-Hamas contacts were continuing, but gave no further details.
Also last week, US President Donald Trump threatened further destruction of Gaza if all remaining hostages were not released, issuing what he called a “last warning” to Hamas leaders. He also warned of repercussions for all Gazans, writing: “A beautiful Future awaits, but not if you hold Hostages. If you do, you are DEAD!”
The US President provoked global shock last month when he floated a plan to resettle Gaza's Palestinians in Egypt and Jordan before a US “takeover” of the enclave that would turn it into a high-end beach resort. The proposal was widely condemned and an Arab summit last week adopted an alternative Egyptian plan that has also won the support of Muslim nations as well as the governments of Britain, France and Germany.
The $53 billion Egyptian plan would involve Gaza's reconstruction being financed through a trust fund, with the Palestinian Authority, which is based in Ramallah, returning to govern the territory from which it was expelled by Hamas in 2007.
“We need more discussion about it, but it's a good-faith first step,” Steve Witkoff, Mr Trump's Middle East envoy, told reporters in Washington in response to the plan. Mr Witkoff will return to the region this week as he travels to Saudi Arabia for talks on the war in Ukraine.
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Men from Barca's class of 99
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MATCH INFO
Rugby World Cup (all times UAE)
Final: England v South Africa, Saturday, 1pm
Zakat definitions
Zakat: an Arabic word meaning ‘to cleanse’ or ‘purification’.
Nisab: the minimum amount that a Muslim must have before being obliged to pay zakat. Traditionally, the nisab threshold was 87.48 grams of gold, or 612.36 grams of silver. The monetary value of the nisab therefore varies by current prices and currencies.
Zakat Al Mal: the ‘cleansing’ of wealth, as one of the five pillars of Islam; a spiritual duty for all Muslims meeting the ‘nisab’ wealth criteria in a lunar year, to pay 2.5 per cent of their wealth in alms to the deserving and needy.
Zakat Al Fitr: a donation to charity given during Ramadan, before Eid Al Fitr, in the form of food. Every adult Muslim who possesses food in excess of the needs of themselves and their family must pay two qadahs (an old measure just over 2 kilograms) of flour, wheat, barley or rice from each person in a household, as a minimum.
Without Remorse
Directed by: Stefano Sollima
Starring: Michael B Jordan
4/5
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
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Price: From Dh149,900
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The specs
BMW M8 Competition Coupe
Engine 4.4-litre twin-turbo V8
Power 625hp at 6,000rpm
Torque 750Nm from 1,800-5,800rpm
Gearbox Eight-speed paddleshift auto
Acceleration 0-100kph in 3.2 sec
Top speed 305kph
Fuel economy, combined 10.6L / 100km
Price from Dh700,000 (estimate)
On sale Jan/Feb 2020
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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
Most F1 world titles
7 — Michael Schumacher (1994, ’95, 2000, ’01 ’02, ’03, ’04)
7 — Lewis Hamilton (2008, ’14,’15, ’17, ’18, ’19, ’20)
5 — Juan Manuel Fangio (1951, ’54, ’55, ’56, ’57)
4 — Alain Prost (1985, ’86, ’89, ’93)
4 — Sebastian Vettel (2010, ’11, ’12, ’13)
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%20specs
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Scores
Rajasthan Royals 160-8 (20 ov)
Kolkata Knight Riders 163-3 (18.5 ov)
Results:
CSIL 2-star 145cm One Round with Jump-Off
1. Alice Debany Clero (USA) on Amareusa S 38.83 seconds
2. Anikka Sande (NOR) For Cash 2 39.09
3. Georgia Tame (GBR) Cash Up 39.42
4. Nadia Taryam (UAE) Askaria 3 39.63
5. Miriam Schneider (GER) Fidelius G 47.74
'The Predator'
Dir: Shane Black
Starring: Olivia Munn, Boyd Holbrook, Keegan-Michael Key
Two and a half stars
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Dhadak 2
Director: Shazia Iqbal
Starring: Siddhant Chaturvedi, Triptii Dimri
Rating: 1/5
Essentials
The flights
Emirates and Etihad fly direct from the UAE to Los Angeles, from Dh4,975 return, including taxes. The flight time is 16 hours. Alaska Airlines, United Airlines, Delta Air Lines, Aeromexico and Southwest all fly direct from Los Angeles to San Jose del Cabo from Dh1,243 return, including taxes. The flight time is two-and-a-half hours.
The trip
Lindblad Expeditions National Geographic’s eight-day Whales Wilderness itinerary costs from US$6,190 (Dh22,736) per person, twin share, including meals, accommodation and excursions, with departures in March and April 2018.
Scorline
Iraq 1-0 UAE
Iraq Hussein 28’
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