Hamas says it has given a "positive response" to a proposal for a Gaza ceasefire with Israel, four months after their last truce collapsed.
Gaza's ruling militants said they were ready for a further round of talks on how to "implement this framework". The US, Egypt and Qatar have proposed a 60-day ceasefire during which some Israeli hostages would be released.
A Hamas statement late on Friday said the group had "delivered the response to the mediators, which was positive". US President Donald Trump had called it a "final proposal" and said he expected Hamas to answer within 24 hours.
When told about the Hamas reponse by reporters aboard Air Force One, Mr Trump replied: "That's good. They haven't briefed me on it. We have to get it over with. We have to do something about Gaza."
He said there "could be a Gaza deal" next week and that he was optimistic, although the situation "changes day to day".
Mr Trump said on Tuesday that Israel had accepted the conditions needed to finalise a 60-day truce, during which the parties would work to end the conflict. It is hoped a pause in fighting would allow supplies of food and medicine to start flooding into Gaza.
The response by Hamas appeared not to signal an immediate end to hostilities though. The group is seeking assurances from mediators that some additional demands will be met, sources told The National on Friday.
The sources said Hamas would convey its acceptance of the proposed deal along with a request for assurances from US, Egyptian and Qatari mediators about the implementation of some of its “unpublicised” clauses.
These include the return by Israel of the bodies of some of the group's leaders killed during the Gaza war, including Yahya Sinwar and his brother Mohammed.
They also cover the laying down and storing of the group's arms and the guaranteed return to Gaza of wounded Palestinians, who will be allowed under the deal to leave the strip for treatment abroad, the sources said.
The clauses also include the creation of a 1km-deep safe zone on the Palestinian side of the entire Gaza-Israel border, which will be free of human habitation or any economic activity, including farming.
According to these clauses, an unnamed Arab nation will supervise the storage of Hamas's weapons, and Israel will be prevented from excluding any area of Gaza from the distribution of badly needed humanitarian resistance.
According to a two-page draft text obtained by The National on Friday, the proposed truce will last 60 days, during which Hamas will hand over in stages 10 living hostages and the remains of 18 others who died in captivity. This handover will start on the first day of the truce and end on the final day, according to the text.
In return, Israel will release more than 1,000 Palestinians held in Israeli prisons, including scores serving long terms.
On the 10th day of the truce, Hamas is expected to provide “comprehensive information” on the remaining hostages. In return, Israel will provide information on Palestinians it has detained since October 7, 2023, the day the Gaza war began with an attack on southern Israel communities by Hamas and its allies.
“The [US] President is serious about the commitment of the parties to the ceasefire and insists that negotiations begin during the temporary ceasefire,” the draft text reads. “If successful, the negotiations will lead to a lasting resolution of the conflict.”
The deal also provides for the flow of sufficient humanitarian assistance into Gaza, distributed by groups to be agreed upon, including the UN and the Palestinian Red Crescent.
It also provides for the two-stage deployment of Israeli forces away from proposed aid delivery routes in the south and north of Gaza, on the first and fifth day of the truce, following the release of eight living hostages and the remains of five others, respectively.
Negotiations on a permanent ceasefire and the release of the rest of the hostages will begin on the first day of the truce, according to the text. Final "redeployment" of Israeli forces in Gaza will be part of the negotiations.
The mediators will ensure that the negotiations are serious and will be extended past the 60-day truce period if they do not produce a deal by then.
“The President will personally make the announcement of the ceasefire. The United States and President Trump are committed to working towards guaranteeing the continuation of the negotiations in goodwill until a final agreement is reached,” the text states.
Hamas-led militants killed about 1,200 people and took about 240 hostage during their attack on southern Israel. About 50 hostages are still being held in Gaza, with fewer than half of them thought to be alive.
The Hamas attack prompted a devastating military assault by Israel that has so far killed more than 57,000 Palestinians, according to health authorities in Gaza. The war has displaced the majority of the enclave's estimated two million population, with many having to flee more than once, and destroyed swathes of built-up areas.
Mediators from Egypt, Qatar and the US have been trying in vain since March to broker a deal for a ceasefire and the release of hostages.
The specs
Engine: 6.2-litre V8
Transmission: ten-speed
Power: 420bhp
Torque: 624Nm
Price: Dh325,125
On sale: Now
The National Archives, Abu Dhabi
Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.
Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en
The burning issue
The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.
Read part four: an affection for classic cars lives on
Read part three: the age of the electric vehicle begins
Read part one: how cars came to the UAE
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The Bio
Favourite place in UAE: Al Rams pearling village
What one book should everyone read: Any book written before electricity was invented. When a writer willingly worked under candlelight, you know he/she had a real passion for their craft
Your favourite type of pearl: All of them. No pearl looks the same and each carries its own unique characteristics, like humans
Best time to swim in the sea: When there is enough light to see beneath the surface
Kandahar%20
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Ric%20Roman%20Waugh%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%C2%A0%3C%2Fstrong%3EGerard%20Butler%2C%20Navid%20Negahban%2C%20Ali%20Fazal%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%202.5%2F5%3C%2Fp%3E%0A
The past winners
2009 - Sebastian Vettel (Red Bull)
2010 - Sebastian Vettel (Red Bull)
2011 - Lewis Hamilton (McLaren)
2012 - Kimi Raikkonen (Lotus)
2013 - Sebastian Vettel (Red Bull)
2014 - Lewis Hamilton (Mercedes)
2015 - Nico Rosberg (Mercedes)
2016 - Lewis Hamilton (Mercedes)
2017 - Valtteri Bottas (Mercedes)
Match info
Liverpool 3
Hoedt (10' og), Matip (21'), Salah (45 3')
Southampton 0
Dust and sand storms compared
Sand storm
- Particle size: Larger, heavier sand grains
- Visibility: Often dramatic with thick "walls" of sand
- Duration: Short-lived, typically localised
- Travel distance: Limited
- Source: Open desert areas with strong winds
Dust storm
- Particle size: Much finer, lightweight particles
- Visibility: Hazy skies but less intense
- Duration: Can linger for days
- Travel distance: Long-range, up to thousands of kilometres
- Source: Can be carried from distant regions
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.”
Company profile
Name: Thndr
Started: October 2020
Founders: Ahmad Hammouda and Seif Amr
Based: Cairo, Egypt
Sector: FinTech
Initial investment: pre-seed of $800,000
Funding stage: series A; $20 million
Investors: Tiger Global, Beco Capital, Prosus Ventures, Y Combinator, Global Ventures, Abdul Latif Jameel, Endure Capital, 4DX Ventures, Plus VC, Rabacap and MSA Capital
First Person
Richard Flanagan
Chatto & Windus
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
Tips to stay safe during hot weather
- Stay hydrated: Drink plenty of fluids, especially water. Avoid alcohol and caffeine, which can increase dehydration.
- Seek cool environments: Use air conditioning, fans, or visit community spaces with climate control.
- Limit outdoor activities: Avoid strenuous activity during peak heat. If outside, seek shade and wear a wide-brimmed hat.
- Dress appropriately: Wear lightweight, loose and light-coloured clothing to facilitate heat loss.
- Check on vulnerable people: Regularly check in on elderly neighbours, young children and those with health conditions.
- Home adaptations: Use blinds or curtains to block sunlight, avoid using ovens or stoves, and ventilate living spaces during cooler hours.
- Recognise heat illness: Learn the signs of heat exhaustion and heat stroke (dizziness, confusion, rapid pulse, nausea), and seek medical attention if symptoms occur.
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