Israelis try to block aid from entering Gaza. AFP
Israelis try to block aid from entering Gaza. AFP
Israelis try to block aid from entering Gaza. AFP
Israelis try to block aid from entering Gaza. AFP

Head of US-Israeli aid agency for Gaza resigns over lack of 'humanitarian principles'


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The head of a US-backed private humanitarian organisation that is tasked with distributing aid in Gaza using an Israeli-initiated plan resigned on Sunday.

In a statement by the Gaza Humanitarian Foundation (GHF), executive director Jake Wood explained that he felt compelled to leave after determining the organisation could not fulfil its mission.

The former US Marine said he resigned because the organisation could not adhere “to the humanitarian principles of humanity, neutrality, impartiality, and independence, which I will not abandon”.

Despite the resignation, the agency said it will begin delivering aid to the besieged enclave on Monday. "We plan to scale rapidly to serve the full population in the weeks ahead," it added.

The foundation's board said it was "disappointed" by Mr Wood's decision and that he had achieved "real progress for the entire humanitarian community in the short time he was involved in this effort".

“Unfortunately, from the moment GHF was announced, those who benefit from the status quo have been more focused on tearing this apart than on getting aid in, afraid that new, creative solutions to intractable problems might actually succeed," it said.

“We will not be deterred. Our trucks are loaded and ready to go."

The Gaza Humanitarian Foundation, created in February, has been highly criticised by the UN, whose officials have said the foundation's aid distribution plans would only foment forced relocation of Palestinians and more violence.

Those plans, which had been set to begin by the end of May, were initiated by Israel and involve private companies – instead of the UN and aid groups who have handled Palestinian aid for decades – taking aid into Gaza to a limited number of so-called secure distribution sites, which Israel said would be in Gaza's south.

Palestinians react after the food ran out at a charity kitchen in Jabalia in the northern Gaza Strip. AFP
Palestinians react after the food ran out at a charity kitchen in Jabalia in the northern Gaza Strip. AFP

Mr Wood, earlier this month, wrote a letter to Israel, saying the foundation would not share any personally identifiable information of aid recipients with Israel.

He also asked Israel to enable the flow of enough aid “using existing modalities” until the foundation's infrastructure is fully operational.

The foundation, which has been based in Geneva since February, has pledged to distribute about 300 million meals in its first 90 days of operation.

No evidence

Gaza's population of about 2.3 million is at a critical risk of famine, and one in five Gazans are reported to be facing starvation after Israel stopped the entry of aid since March 2. The blockade, which Israel says it imposed to prevent Hamas from stealing supplies, has resulted in infant deaths from malnutrition, caused bakeries to shut down due to lack of fuel and flour, and left hospitals without enough medicine.

Following widespread rejection of the US-Israeli plan by the UN, the UK, MSF, the Norwegian Refugee Council and others, US Secretary of State Marco Rubio said he was “open” to an alternative, as long as the aid does not fall into the hands of Hamas.

An injured Gazan boy at his family's tent in a school in Gaza city. AP
An injured Gazan boy at his family's tent in a school in Gaza city. AP

Israel and the US have frequently blamed looting by Hamas when justifying the delays in getting food into Gaza. Cindy McCain, the head of the UN World Food Programme, on Sunday denied claims that Hamas is looting food lorries.

Speaking to CBS News, Ms McCain was asked if she had seen any evidence that Hamas is stealing the small amounts of food that Israel is now allowing into Gaza after more than two months of a total blockade.

“No, not at all. Not in this round,” Ms McCain said. “These people (Gazans) are desperate. They see a World Food Programme lorry coming in and they run for it. This doesn't have anything to do with Hamas or any kind of organised crime or anything. This has simply to do with the fact these people are starving to death.”

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1. Your pension fund has been placed inside an offshore insurance wrapper with a hefty upfront commission.

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Fraudsters send an unsolicited email that appears to be from a financial institution or online retailer. The hoax email requests that you provide sensitive information, often by clicking on to a link leading to a fake website.

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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.”

Usain Bolt's time for the 100m at major championships

2008 Beijing Olympics 9.69 seconds

2009 Berlin World Championships 9.58

2011 Daegu World Championships Disqualified

2012 London Olympics 9.63

2013 Moscow World Championships 9.77

2015 Beijing World Championships 9.79

2016 Rio Olympics 9.81

2017 London World Championships 9.95

Updated: May 26, 2025, 7:19 AM