Hamas is ready to hand over control of Gaza to a Palestinian committee, Turkish Foreign Minister Hakan Fidan said after a meeting of ministers from Arab and Muslim nations seeking to advance the fragile ceasefire.
Turkey has been in close contact with Hamas in recent weeks and, alongside Egypt, used its close ties with the group to nudge its leaders into accepting the deal early last month. The 20-point ceasefire plan includes clauses on Hamas and other Palestinian factions agreeing to play no future role in governing Gaza and to laying down their arms – a point that they have been reticent to confirm.
"Hamas is ready to hand governance of Gaza to a committee consisting of Palestinians," Mr Fidan said at a press conference in Istanbul. "As long as the agreement protects the rights of the Palestinian people, it will be resilient over time against provocations."
Mr Fidan's remarks indicate that Turkey and Qatar – two of Hamas's closest interlocutors – have an understanding that the Palestinian group will make way for others to control Gaza.
Last week, Qatari Prime Minister Sheikh Mohammed bin Abdulrahman said Hamas was willing to cede control of Gaza but had yet to acknowledge the need to disarm.
Mr Fidan's comments came after he hosted a closed-door meeting of senior officials from the UAE, Indonesia, Qatar, Pakistan, Saudi Arabia, and Jordan to discuss how to advance implementation of the Gaza ceasefire agreement made just over three weeks ago. Officials from the same countries were among those who met US President Donald Trump on the sidelines of the UN General Assembly in September to flesh out the deal’s contours.
Egypt was not represented at Monday’s meeting in Istanbul but Turkey made the “necessary co-ordination” with Cairo in advance of the talks, a Turkish official said.
On Saturday, Mr Fidan separately met members of Hamas’s political bureau in Istanbul to discuss the status of the ceasefire in Gaza and the need for humanitarian aid in the strip, a Turkish Foreign Ministry official said.
While the specifics of governing Gaza’s are still to be worked out, “what we support in principles is that Palestine must be administered by Palestinians and their security must be ensured by Palestinians,” Mr Fidan said.
The form of an international stabilisation force (ISF) to provide support for Gaza’s future security is still taking shape, the Turkish Foreign Minister said.
Participating countries want a UN Security Council resolution to define its task and mandate, and will use this as a basis for deciding whether to send troops to contribute.
“The ISF definition and its mandate, what it will be – based on that, countries will make their decisions,” Mr Fidan said. “We are ready to make every kind of sacrifice but, as I expressed, the documents and the frame that will come out should be of a nature that we can also support.”
He did not provide a timetable for the UN resolution but warned that its clauses should not lead to issues down the line.
“In the resolution of the Palestinian issue, any step that is taken today, as it resolves a problem today, should not create structural grounds for any problems in the future," Mr Fidan said. "We are very careful on this."
Sources previously told The National that the force would consist of around 4,000 troops from Egypt, Azerbaijan, Turkey and Indonesia. Israel has said it opposes Turkey’s participation because of its support for Hamas and harsh anti-Israeli rhetoric since the attacks and start of the Gaza conflict on October 7, 2023.
Israel and Hamas have traded accusations of breaches of the ceasefire, which came into effect on October 10. Israel has accused Hamas of attacking its forces in Gaza and delaying the return of dead hostages’ remains. The Palestinian group denies attacking Israeli troops and officials in the enclave say at least 236 Gazans have been killed in Israeli attacks since the ceasefire begun.
In Istanbul, Mr Fidan said Israel was “regularly breaching the ceasefire” in continuing to kill Palestinians and failing to allow sufficient aid deliveries to the strip.
In accordance with the agreement, 600 aid lorries and another 50 carrying fuel should enter the strip every day. "We do not see this amount entering," Mr Fidan added.
International aid organisations said last week Israel was “arbitrarily” rejecting shipments of life-saving assistance into Gaza. From October 10 to 21, a total of 99 requests by international non-governmental organisations to deliver aid into Gaza were rejected, while six submitted by UN agencies were denied, said 41 major aid groups in a joint statement.
“The continued rejection of aid entry is deeply alarming,” they said. “After more than two years of relentless and continued bombardments – with dozens killed in the past week alone – and the resulting deprivation, forced displacement and starvation, blocking humanitarian expertise and supplies undermines the collective effort to save lives.”
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Our legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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.”
Specs
Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request
UAE currency: the story behind the money in your pockets
Who was Alfred Nobel?
The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.
- In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
- Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
- Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
FIGHT%20CARD
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Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
Wicked: For Good
Director: Jon M Chu
Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater
Rating: 4/5
Thanksgiving meals to try
World Cut Steakhouse, Habtoor Palace Hotel, Dubai. On Thursday evening, head chef Diego Solis will be serving a high-end sounding four-course meal that features chestnut veloute with smoked duck breast, turkey roulade accompanied by winter vegetables and foie gras and pecan pie, cranberry compote and popcorn ice cream.
Jones the Grocer, various locations across the UAE. Jones’s take-home holiday menu delivers on the favourites: whole roast turkeys, an array of accompaniments (duck fat roast potatoes, sausages wrapped in beef bacon, honey-glazed parsnips and carrots) and more, as well as festive food platters, canapes and both apple and pumpkin pies.
Ruth’s Chris Steakhouse, The Address Hotel, Dubai. This New Orleans-style restaurant is keen to take the stress out of entertaining, so until December 25 you can order a full seasonal meal from its Takeaway Turkey Feast menu, which features turkey, homemade gravy and a selection of sides – think green beans with almond flakes, roasted Brussels sprouts, sweet potato casserole and bread stuffing – to pick up and eat at home.
The Mattar Farm Kitchen, Dubai. From now until Christmas, Hattem Mattar and his team will be producing game- changing smoked turkeys that you can enjoy at home over the festive period.
Nolu’s, The Galleria Mall, Maryah Island Abu Dhabi. With much of the menu focused on a California inspired “farm to table” approach (with Afghani influence), it only seems right that Nolu’s will be serving their take on the Thanksgiving spread, with a brunch at the Downtown location from 12pm to 4pm on Friday.
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The specs
AT4 Ultimate, as tested
Engine: 6.2-litre V8
Power: 420hp
Torque: 623Nm
Transmission: 10-speed automatic
Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)
On sale: Now
What vitamins do we know are beneficial for living in the UAE
Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.
Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.
Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.
Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.
Company%20Profile
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Director: Laxman Utekar
Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna
Rating: 1/5
Avatar%3A%20The%20Way%20of%20Water
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