Mourners during the funeral of Palestinians killed by Israeli air strikes while seeking food from aid workers on Saturday. Reuters
Mourners during the funeral of Palestinians killed by Israeli air strikes while seeking food from aid workers on Saturday. Reuters
Mourners during the funeral of Palestinians killed by Israeli air strikes while seeking food from aid workers on Saturday. Reuters
Mourners during the funeral of Palestinians killed by Israeli air strikes while seeking food from aid workers on Saturday. Reuters

Israel's 'comprehensive' Gaza deal proposal to Hamas dismissed as time-buying tactic


Hamza Hendawi
  • English
  • Arabic

Israel has indirectly presented Hamas with an outline for a “comprehensive” deal to end the Gaza war that sources dismissed as another time-buying tactic by Prime Minister Benjamin Netanyahu's government.

The sources told The National on Sunday the proposal was handed to Hamas on Friday through veteran Israeli peace activist and researcher Gershon Baskin, who took part in the negotiations that secured the 2011 release of Israeli soldier Gilad Shalit after five years of captivity in Gaza.

The sources said the proposal envisaged the release of all hostages held by Hamas – about 48, of whom 20 are believed to be still alive – and for Hamas to lay down its heavy weapons and have them stored under Egyptian supervision.

Other provisions stipulate that Hamas should halt its arms manufacturing, freeze the recruitment of fighters and give up its network of underground tunnels.

It also provides for the exit from Gaza of Hamas leaders along with guarantees that they would not be attacked while living in exile abroad.

Israeli soldiers move an armoured personnel carrier near the border with the Gaza Strip on September 7, 2025. Getty Images
Israeli soldiers move an armoured personnel carrier near the border with the Gaza Strip on September 7, 2025. Getty Images

However, the sources said the proposal generally lacked details or even a mention of issues such as Israel's withdrawal from Gaza – a Hamas condition for agreeing to a long-term ceasefire – or the number of Palestinians held in Israeli jails to be freed as part of a deal.

Essentially, they said, the proposal requires weeks of negotiations to hammer out details that the two sides can agree on.

“It looks like another time-buying tactic by the Israelis while they press on with their ground assault on Gaza city and control the strip,” said one of the sources. “Israel and the US in reality want nothing short of total surrender by Hamas, coming out of the tunnels with their hands up in the air.”

The latest proposal comes after Hamas last month agreed to a deal presented by mediators Egypt and Qatar that provided for a 60-day pause in the war, which enters its third year next month. It also proposed the release of 10 hostages and the remains of 18 others who died in captivity, and the free and sufficient flow of humanitarian aid to Gaza.

The sources said Hamas was likely to reject the new proposal and insist that the Qatar-Egypt deal should be the basis for any negotiations to end the war.

Palestinians watch an explosion after Israel issued displacement orders before a military strike on the Mushtaha Tower in Gaza city on September 5, 2025. AFP
Palestinians watch an explosion after Israel issued displacement orders before a military strike on the Mushtaha Tower in Gaza city on September 5, 2025. AFP

Israel had not officially responded to the Qatari-Egyptian proposal, which mirrors a plan presented earlier this year by US President Donald Trump's Middle East envoy Steve Witkoff.

Instead, Mr Netanyahu said he wanted a comprehensive deal that secures the release of all hostages at once, a proposal that would strip Hamas, already significantly weakened by the war, of its most important bargaining card.

The sources said Egypt, Qatar and Turkey have obtained intelligence on Israeli plans to attack Hamas's leaders in exile and inside Gaza as part of its war goal to wipe out the group, which had already stated its willingness to become a political party and stay out of any postwar administration or reconstruction effort in the war-battered enclave.

US President Donald Trump speaks during a dinner with members of his Cabinet and members of Congress in the Rose Garden of the White House on Friday, September 5, 2025. Politico/Bloomberg
US President Donald Trump speaks during a dinner with members of his Cabinet and members of Congress in the Rose Garden of the White House on Friday, September 5, 2025. Politico/Bloomberg

News of the Israeli proposal came two days after Mr Trump said the US had “very deep negotiations” with Hamas to free the remaining hostages held in Gaza, but added that some of the 20 captives believed to still be alive may have “recently died”.

“We’re in very deep negotiations with Hamas. We said, ‘Let ’em all out, right now, let ’em all out, and much better things will happen,'” Mr Trump said after being asked by a reporter about the status of Gaza ceasefire negotiations.

The war in Gaza was caused by a Hamas-led attack on southern Israel on October 7, 2023. The attackers killed about 1,200 and took captive another 250. Israel responded with a relentless military campaign that has to date killed more than 64,300 Palestinians, according to Gaza's Health Ministry.

The campaign also reduced most of Gaza to ruins and displaced the overwhelming majority of its estimated 2.3 million residents, more than once in many cases.

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David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

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.”

PROFILE OF CURE.FIT

Started: July 2016

Founders: Mukesh Bansal and Ankit Nagori

Based: Bangalore, India

Sector: Health & wellness

Size: 500 employees

Investment: $250 million

Investors: Accel, Oaktree Capital (US); Chiratae Ventures, Epiq Capital, Innoven Capital, Kalaari Capital, Kotak Mahindra Bank, Piramal Group’s Anand Piramal, Pratithi Investment Trust, Ratan Tata (India); and Unilever Ventures (Unilever’s global venture capital arm)

Managing the separation process

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Updated: September 07, 2025, 5:36 PM