Hala Rharrit called for 'diplomacy, not arms'. US Department of State
Hala Rharrit called for 'diplomacy, not arms'. US Department of State
Hala Rharrit called for 'diplomacy, not arms'. US Department of State
Hala Rharrit called for 'diplomacy, not arms'. US Department of State

US State Department's Arabic spokeswoman resigns over Gaza policy


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The US State Department's Arabic-language spokeswoman has resigned over Washington's Gaza policy.

“I resigned April 2024 after 18 years of distinguished service in opposition to the United States’ Gaza policy. Diplomacy, not arms. Be a force for peace and unity,” the bio portion of a LinkedIn page believed to belong to Hala Rharrit said.

Ms Rharrit's resignation took effect on Wednesday, according to her State Department biography page.

She also served as the Dubai Regional Media Hub’s deputy director.

A State Department official confirmed to The National that Ms Rharrit no longer works for the Dubai Media Hub.

She first joined the Foreign Service in 2006. Her tours have included Yemen, Hong Kong, Qatar and South Africa.

In a previous interview with Al Arabiya News, which first reported her resignation, Ms Rharrit had warned about the generational cycle of violence and advocated for a return to diplomacy, not more arms transfers.

“There are channels … through which our workforce can share their points of view when they disagree with a certain policy or a certain action that the US government is taking,” Vedant Patel, deputy State Department spokesman, told reporters on Thursday after being asked about Ms Rharrit's reported resignation.

He added that dissenting opinions “help lead to stronger, more robust policymaking".

“Ultimately, anybody's decision on whether they want to continue to repeat, remain employed somewhere or not, that is ultimately a decision for them to make.”

Ms Rharrit is the latest State Department employee to resign over President Joe Biden's policy on Gaza, where more than 34,300 people have been killed amid the Israeli siege, according to local health authorities.

Late last month, staffer Annelle Sheline resigned publicly over the administration's Gaza policy.

Josh Paul, another staffer who resigned last year over Gaza, told The National in March that while the resignations have likely put pressure on the administration, “it will still take an awful lot to actually shift” its actions.

There has been growing domestic discontent over Washington's continued support of Israel, which includes a bill that was signed into law this week allocating $26 billion in aid to Israel.

US State Department official condemns Gaza policy after announcing resignation – video

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: Steppi

Founders: Joe Franklin and Milos Savic

Launched: February 2020

Size: 10,000 users by the end of July and a goal of 200,000 users by the end of the year

Employees: Five

Based: Jumeirah Lakes Towers, Dubai

Financing stage: Two seed rounds – the first sourced from angel investors and the founders' personal savings

Second round raised Dh720,000 from silent investors in June this year

Tips%20for%20holiday%20homeowners
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Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

UAE v Gibraltar

What: International friendly

When: 7pm kick off

Where: Rugby Park, Dubai Sports City

Admission: Free

Online: The match will be broadcast live on Dubai Exiles’ Facebook page

UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)

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War 2

Director: Ayan Mukerji

Stars: Hrithik Roshan, NTR, Kiara Advani, Ashutosh Rana

Rating: 2/5

Updated: April 26, 2024, 2:12 PM