Palestinians carry an injured man to hospital after Israeli strikes. AFP
Palestinians carry an injured man to hospital after Israeli strikes. AFP
Palestinians carry an injured man to hospital after Israeli strikes. AFP
Palestinians carry an injured man to hospital after Israeli strikes. AFP

Hamas leaders in Egypt for talks on second phase of Trump's Gaza plan


Hamza Hendawi
  • English
  • Arabic

A Hamas delegation led by the group's chief negotiator is in Egypt to discuss the implementation of the second phase of US President Donald Trump's Gaza peace plan, including the group's disarmament, sources told The National on Sunday.

They said the Hamas delegation, headed by Khalil Al Hayah, will also discuss with Egyptian mediators the formation of a 15-member committee of independent Palestinian technocrats to run Gaza's day-to-day affairs.

Hamas, according to the sources, has signalled its readiness to hand over its heavy weapons on condition that members of its military wing keep firearms for self-defence.

The heavy weapons, such as rocket batteries, rocket-propelled grenades and machineguns, would be handed over, dismantled and stored in Gaza under Egyptian or international supervision, said the sources who are familiar with the talks between Hamas and the mediators.

The first phase of Mr Trump's plan entailed a ceasefire that came into effect on October 10 as well as a hostages-for-prisoners swap, with Hamas releasing 20 living captives and the remains of most of another 28 who died in captivity. Israel has freed 2,000 Palestinians who had been detained in its prisons, as well as the remains of more than 300 others.

Palestinian civil defence workers extract a body from the rubble after Israeli strikes. AFP
Palestinian civil defence workers extract a body from the rubble after Israeli strikes. AFP

Hamas is known to be facing logistical challenges in locating the burial sites of the remaining three deceased hostages because of the widespread destruction in Gaza after two years of war in the coastal enclave.

"Hamas is adamant that its men keep their self-defence firearms. Handing over its heavy weapons is a done deal," said one of the sources. "But we are yet to know whether that will be accepted by Israel."

Hamas and the West Bank-based Palestinian Authority have jointly put forward the names of 40 candidates to sit on the technocratic committee to run Gaza, said the sources. Of the 40, the two sides need to agree on the 15 who will sit on the committee.

The visit of the Hamas officials to Egypt comes at a time when the fragile October 10 ceasefire has repeatedly been tested.

Diggers have been brought into Gaza to aid the search for dead hostages. AP
Diggers have been brought into Gaza to aid the search for dead hostages. AP

The latest test came on Saturday when Israeli air strikes killed more than 20 people and injured more than 80 in Gaza, Palestinian health authorities said.

The Israeli military said the attacks were in response to a "blatant violation of the ceasefire agreement" when a gunman crossed into Israeli-held territory in Gaza. A Hamas official in Gaza rejected that claim as baseless, saying the group remained committed to the ceasefire.

Hamas said earlier in the day that Israel's "escalating violations" placed a responsibility on mediators – the US, Egypt, Qatar and Turkey – to confront it and preserve the ceasefire.

Israel, for its part, called on the mediators to "insist that Hamas fulfil its side of the ceasefire" by returning the remaining three dead hostages and completing disarmament, Prime Minister Benjamin Netanyahu's office said.

The sources who spoke to The National on Sunday said Egypt, which borders Israel and Gaza, has been deeply concerned about the fate of the truce.

Its worst fear, they said, was the territory becoming mired in inter-Palestinian strife should the ceasefire collapse, noting Israeli-sponsored armed groups opposed to Hamas posed a threat to stability in Gaza, as well as the territorial integrity of the strip.

Mourners at the funeral of Palestinians killed in an Israeli military strike this weekend. AP
Mourners at the funeral of Palestinians killed in an Israeli military strike this weekend. AP

Another source of concern are divisions inside the Hamas leadership over the way forward for the militant group and its armed wing, they said.

One faction is in favour of Hamas abandoning its role as an armed resistance group and turning into a purely political faction. Another, the sources explained, wants to retain the group's role as an active military entity, relying on young and zealous men recruited during the war to force Israel to withdraw from the enclave.

However, the sources said Hamas has been greatly weakened by the war, losing many of its leaders, field commanders and much of its arsenal as a result of Israel's relentless military campaign in Gaza, where the war was triggered by a deadly Hamas-led attack on southern Israel in October 2023.

The Israeli response has killed about 70,000 Palestinians and injured more than twice that number, health authorities in Gaza say. Much of the enclave's built-up areas have been laid to waste.

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Stoke City v Tottenham

Brentford v Newcastle United

Arsenal v Manchester City

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All ties are to be played the week commencing December 21.

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Sreesanth's India bowling career

Tests 27, Wickets 87, Average 37.59, Best 5-40

ODIs 53, Wickets 75, Average 33.44, Best 6-55

T20Is 10, Wickets 7, Average 41.14, Best 2-12

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 

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.”

MATCH INFO

Uefa Champions League quarter-final (first-leg score):

Juventus (1) v Ajax (1), Tuesday, 11pm UAE

Match will be shown on BeIN Sports

Major honours

ARSENAL

  • FA Cup - 2005

BARCELONA

  • La Liga - 2013
  • Copa del Rey - 2012
  • Fifa Club World Cup - 2011

CHELSEA

  • Premier League - 2015, 2017
  • FA Cup - 2018
  • League Cup - 2015

SPAIN

  • World Cup - 2010
  • European Championship - 2008, 2012
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Henrik Stenson's finishes at Abu Dhabi HSBC Championship:

2006 - 2
2007 - 8
2008 - 2
2009 - MC
2010 - 21
2011 - 42
2012 - MC
2013 - 23
2014 - MC
2015 - MC
2016 - 3
2017 - 8

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Updated: November 23, 2025, 2:59 PM