Live updates: Follow the latest on Israel-Gaza
Many participants in the Global March to Gaza have vowed to remain in Cairo and make another attempt to reach the Rafah border crossing, despite arrests, deportations and violent confrontations with Egyptian authorities who say they did not obtain permission for their show of solidarity with the war-battered Palestinian territory.
Some activists posted videos on social media to urge others to stay in the Egyptian capital and continue their mission of solidarity with Palestinians in Gaza. “If you're in Cairo, stay here. Do not leave," said one. "We came to Egypt with the promise that we would break the blockade and bring humanitarian aid to the border. Being stopped one time is not failure. We will be able to do what we have set out to accomplish."
Another activist emphasised the symbolic importance of breaking through state barriers to show solidarity with Gazans, who are suffering daily Israeli attacks, starvation and displacement in the war between Israel and Hamas, now in its 21st month.
“The whole purpose of this march is to show Palestinians inside Gaza that they are not alone,” he said. “People on the outside, ordinary people, are here for them. We are trying to break through these barriers to send a message: the war must end.”
The march, known in Arabic as Masirat Al Ahrar (March of the Free), aimed to bring together thousands of pro-Palestine activists from 54 countries to deliver a message of solidarity with Gazans and demand an end to Israel's blockade of the territory. However, their efforts were met with significant resistance from Egyptian authorities, who intensified security measures and detained hundreds of participants.
Egyptian security officials told The National on Sunday that nearly 500 foreign activists had been deported, of whom more than 200 were sent home on arrival at Cairo airport. The remainder were detained just outside the Suez Canal city of Ismailia before they were put on buses and taken to Cairo airport from where they left the country.
The officials said authorities were investigating how security agencies failed to detect plans by the foreign activists to converge in Egypt to stage the march. "This apparent negligence has led to damaging scenes shared online of our policemen beating unarmed activists, dragging them to buses or just confiscating their passports," said one official.
In a statement issued late on Saturday, the organisers reaffirmed their commitment to breaking the siege on Gaza while expressing gratitude to the Egyptian people for their hospitality and support.
In their statement, the organisers described the challenges they faced, including what they labelled as acts of "thuggery" by prostate groups. These incidents occurred in Ismailia, about 120km from Cairo, where activists were attacked by individuals allegedly mobilised by the state to prevent their entry into the militarily sensitive region of North Sinai.
"We thank the Egyptian people for their warm welcome and hospitality," the statement read. "What happened does not represent the will of the Egyptian people. Our only goal was to advance to Rafah, break the blockade on our Palestinian brethren in Gaza, and stop the war.”
Footage widely circulated on social media shows activists at a checkpoint just outside Ismailia being assaulted by men described by the organisers as "thugs". Mandla Mandela, grandson of the late South African president Nelson Mandela, posted a video from the checkpoint in which he said his passport was confiscated by authorities.
The activists involved were taken back to Cairo aboard buses and processed for deportation, the organisers said.
Egyptian authorities have defended their handling of the situation, stating that the activists did not have the proper permissions required to cross Egyptian territory en route to Gaza.
The Egyptian Foreign Ministry said that while the government supports Palestinian activism, foreign visitors planning to travel to sensitive areas, such as the Rafah border, must adhere to strict protocols and secure prior approvals.
Activists say they submitted formal requests to various Egyptian embassies but received no response, so they decided to gather in Egypt to ensure their voices were heard.
The Egyptian state is sensitive to large demonstrations, which have been outlawed since 2013, when the military removed Mohamed Morsi from the presidency amid widespread protests against him. The march organisers said they were aware of this, which is why they did not ask Egyptians to take part. They said they were merely for the marchers to be able to reach the Rafah border crossing into Gaza.
“We want to remind everyone that the march is not aiming to cause any sedition or incite a revolution. On the contrary, this march is and will remain peaceful,” said one organiser.
Meanwhile, another Rafah-bound group of activists travelling as the Qafelat Al Somood, or Convoy of Steadfastness, has been halted in eastern Libya after setting off from Tunisia on June 9 and passing through western Libya.
The convoy, which includes activists, doctors, and journalists, was supposed to enter Egypt and join the Global March to Gaza.
The convoy's organisers, including the Tunisia-based Co-ordination of Joint Action for Palestine, said it was blocked by forces loyal to the military commander Khalifa Haftar, who is aligned with the eastern-based rival administration to the Government of National Unity in Tripoli, as it attempted to pass through the city of Sirte.
A representative of the co-ordination group said in a televised statement on Saturday night that the convoy’s camp in eastern city had been surrounded by Mr Haftar’s forces and that internet access in the area had been cut off.
A negotiating team was reportedly sent to meet Mr Haftar’s representatives.
A spokesman for the eastern Libyan government said on Saturday that it was prepared to provide food and medical aid to the convoy but it would only be allowed through once the activists had obtained proper approvals from the Egyptian government.
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
Sun jukebox
Rufus Thomas, Bear Cat (The Answer to Hound Dog) (1953)
This rip-off of Leiber/Stoller’s early rock stomper brought a lawsuit against Phillips and necessitated Presley’s premature sale to RCA.
Elvis Presley, Mystery Train (1955)
The B-side of Presley’s final single for Sun bops with a drummer-less groove.
Johnny Cash and the Tennessee Two, Folsom Prison Blues (1955)
Originally recorded for Sun, Cash’s signature tune was performed for inmates of the titular prison 13 years later.
Carl Perkins, Blue Suede Shoes (1956)
Within a month of Sun’s February release Elvis had his version out on RCA.
Roy Orbison, Ooby Dooby (1956)
An essential piece of irreverent juvenilia from Orbison.
Jerry Lee Lewis, Great Balls of Fire (1957)
Lee’s trademark anthem is one of the era’s best-remembered – and best-selling – songs.
Global state-owned investor ranking by size
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United States
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China
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UAE
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Japan
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5
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Norway
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Canada
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Singapore
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Australia
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Saudi Arabia
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South Korea
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Blonde
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Voy!%20Voy!%20Voy!
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More coverage from the Future Forum
KILLING OF QASSEM SULEIMANI
LUKA CHUPPI
Director: Laxman Utekar
Producer: Maddock Films, Jio Cinema
Cast: Kartik Aaryan, Kriti Sanon, Pankaj Tripathi, Vinay Pathak, Aparshakti Khurana
Rating: 3/5
More on Yemen's civil war
Killing of Qassem Suleimani
COMPANY%20PROFILE
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Founder: Ayman Badawi
Date started: Test product September 2016, paid launch January 2017
Based: Dubai, UAE
Sector: Software
Size: Seven employees
Funding: $170,000 in angel investment
Funders: friends
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.”
Will the pound fall to parity with the dollar?
The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.
Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.
New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.
“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.
The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.
The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.
Bloomberg
UAE currency: the story behind the money in your pockets
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The Perfect Couple
Starring: Nicole Kidman, Liev Schreiber, Jack Reynor
Creator: Jenna Lamia
Rating: 3/5
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UAE’s revised Cricket World Cup League Two schedule
August, 2021: Host - United States; Teams - UAE, United States and Scotland
Between September and November, 2021 (dates TBC): Host - Namibia; Teams - Namibia, Oman, UAE
December, 2021: Host - UAE; Teams - UAE, Namibia, Oman
February, 2022: Hosts - Nepal; Teams - UAE, Nepal, PNG
June, 2022: Hosts - Scotland; Teams - UAE, United States, Scotland
September, 2022: Hosts - PNG; Teams - UAE, PNG, Nepal
February, 2023: Hosts - UAE; Teams - UAE, PNG, Nepal
Results
Male 51kg Round 1
Dias Karmanov (KAZ) beat Mabrook Rasea (YEM) by points 2-1.
Male 54kg Round 1
Yelaman Sayassatov (KAZ) beat Chen Huang (TPE) TKO Round 1; Huynh Hoang Phi (VIE) beat Fahad Anakkayi (IND) RSC Round 2; Qais Al Jamal (JOR) beat Man Long Ng (MAC) by points 3-0; Ayad Albadr (IRQ) beat Yashar Yazdani (IRI) by points 2-1.
Male 57kg Round 1
Natthawat Suzikong (THA) beat Abdallah Ondash (LBN) by points 3-0; Almaz Sarsembekov (KAZ) beat Ahmed Al Jubainawi (IRQ) by points 2-1; Hamed Almatari (YEM) beat Nasser Al Rugheeb (KUW) by points 3-0; Zakaria El Jamari (UAE) beat Yu Xi Chen (TPE) by points 3-0.
Men 86kg Round 1
Ahmad Bahman (UAE) beat Mohammad Al Khatib (PAL) by points 2-1
Men 63.5kg Round 1
Noureddin Samir (UAE) beat Polash Chakma (BAN) RSC Round 1.
Female 45kg quarter finals
Narges Mohammadpour (IRI) beat Yuen Wai Chan (HKG) by points.
Female 48kg quarter finals
Szi Ki Wong (HKG) beat Dimple Vaishnav (IND) RSC round 2; Thanawan Thongduang (THA) beat Nastaran Soori (IRI) by points; Shabnam Hussain Zada (AFG) beat Tzu Ching Lin (TPE) by points.
Female 57kg quarter finals
Nguyen Thi Nguyet (VIE) beat Anisha Shetty (IND) by points 2-1; Areeya Sahot (THA) beat Dana Al Mayyal (KUW) RSC Round 1; Sara Idriss (LBN) beat Ching Yee Tsang (HKG) by points 3-0.
Calls
Directed by: Fede Alvarez
Starring: Pedro Pascal, Karen Gillian, Aaron Taylor-Johnson
4/5
SPEC%20SHEET%3A%20SAMSUNG%20GALAXY%20S24%20ULTRA
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Jetour T1 specs
Engine: 2-litre turbocharged
Power: 254hp
Torque: 390Nm
Price: From Dh126,000
Available: Now
Specs
Engine: Dual-motor all-wheel-drive electric
Range: Up to 610km
Power: 905hp
Torque: 985Nm
Price: From Dh439,000
Available: Now
Killing of Qassem Suleimani
MATCH INFO
Wales 1 (Bale 45 3')
Croatia 1 (Vlasic 09')
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
The specs: Rolls-Royce Cullinan
Price, base: Dh1 million (estimate)
Engine: 6.75-litre twin-turbo V12
Transmission: Eight-speed automatic
Power: 563hp @ 5,000rpm
Torque: 850Nm @ 1,600rpm
Fuel economy, combined: 15L / 100km