Smoke rises following an Israeli army air strike in Khan Younis, in the southern Gaza Strip. AP
Smoke rises following an Israeli army air strike in Khan Younis, in the southern Gaza Strip. AP
Smoke rises following an Israeli army air strike in Khan Younis, in the southern Gaza Strip. AP
Smoke rises following an Israeli army air strike in Khan Younis, in the southern Gaza Strip. AP

Netanyahu is a 'problem', Danish PM says in comments criticising Gaza war


Mina Aldroubi
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Danish Prime Minister Mette Frederiksen described Israeli Prime Minister Benjamin Netanyahu as a “problem”, in a rare direct criticism of the Israeli leader over the continuing war in Gaza.

"Netanyahu is now a problem in himself," Ms Frederiksen told the Jyllands-Posten daily in an interview published on Saturday, and added that his government was going "too far".

Ms Frederiksen said she would try to put pressure on Israel over the “absolutely appalling and catastrophic” humanitarian situation in Gaza as her country currently holds the EU presidency.

“We are one of the countries that wants to increase pressure on Israel, but we have not yet obtained the support of EU members,” she said.

Israel's government has drawn increasing condemnation over the war, including from its allies, but Ms Frederiksen's comments are a rare instance of a world leader directly blaming Mr Netanyahu.

Health authorities in the Palestinian enclave have reported more than 61,800 people killed over more than 22 months, most of them civilian, and Israeli restrictions on the entry of aid have led to widespread hunger and more than 1,800 deaths among desperate crowds trying to collect food.

The Danish Prime Minister also criticised an Israeli decision this week to proceed with a controversial plan to build settlements in area of the occupied West Bank known as "E1", which would effectively divide the Palestinian territory.

Switzerland also criticised the decision on Saturday, saying the move would violate international law and undermines the prospects for a two-state solution.

The Israeli government last week approved plans for the military, which currently controls about 75 per cent of Gaza, to launch an assault on Gaza city that would force about one million residents, about half the population, to move south into an area already packed with people displaced from their homes.

Residents have reported heavy bombardment in the Al Zeitoun area in the city's south in recent days. The Israeli army said it was conducting a range of operations on the outskirts of Gaza city, leaving thousands of residents trapped with no escape.

Palestinians jostle to receive food at a community kitchen in Gaza city on Saturday. AP Photo
Palestinians jostle to receive food at a community kitchen in Gaza city on Saturday. AP Photo

The Israeli military continues to carry out attacks across the entire coastal strip, with heavy bombardment early on Saturday that targeted densely populated residential areas in the north and south, the Palestinian state news agency Wafa reported.

Dozens were killed including children and women and others injured in central and southern Gaza, where the Israeli army targeted several areas housing displaced Palestinians, Wafa said.

Civilians seeking aid were also targeted, with at least two killed near a food distribution site in the southern Rafah area that is run by a US and Israel-backed group called Gaza Humanitarian Foundation (GHF).

At least 16 people seeking aid were killed on Friday, many of them were near GHF sites, which the UN has described as "death traps".

According to the UN human rights office, 994 Palestinians have been killed while seeking aid near GHF sites between May 27, when it began operations, and August 13, while another 766 were killed along the routes of supply convoys. "Most of these killings were committed by the Israeli military," the agency's office for the Palestinian territories said.

Wafa reported that another Palestinian child starved to death in Gaza on Friday, increasing the number of deaths from hunger and malnutrition to 240, including 107 children, according to Gaza's health ministry said.

At least 112 children are admitted for treatment of malnutrition every day in Gaza, the UN children's agency, Unicef, said on Saturday.

The war began with an attack by Palestinian militants from Gaza, led by the Islamist group Hamas, on October 7, 2023. About 1,200 people were killed in the raids on southern Israel, and about 250 others taken back to Gaza as hostages.

Israel has vowed to destroy Hamas and is demanding that the group disarm and hand over about 50 hostages still in captivity, of whom 20 are believed to be still alive, in exchange for a ceasefire.

Israel insists that Hamas have no role in the postwar governance of Gaza, while also refusing to allow it to be administered by the internationally recognised Palestinian Authority based in the West Bank. Far right members of Mr Netanyahu's government are calling for the territory to be taken over by Israel, 20 years after Israel pulled out.

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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.”

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  • Power: 640hp
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Punchy appearance

Roars of support buoyed Mr Johnson in an extremely confident and combative appearance

Updated: August 16, 2025, 1:31 PM