Live updates: Follow the latest on Israel-Gaza
The killing of Hamas leader Yahya Sinwar has removed the main obstacle to securing a ceasefire in Gaza, the White House said on Friday, and creates an “inflection point” for ending the war.
US National Security Council spokesman John Kirby said Hamas has been significantly weakened and is now unable to perpetrate another attack on Israel like the one on October 7 of last year, which killed 1,200 people, saw hundreds of hostages taken and ignited the war.
“But that doesn't mean that they aren't still lethal to some degree, and so we're going to have to watch that carefully,” Mr Kirby told reporters.
The US, together with Qatar and Egypt, have for months been working on mediating a ceasefire to end the war that began more than a year ago.
But efforts have stalled, as Israel, under the leadership of Prime Minister Benjamin Netanyahu, has pressed on with the war.
Gershon Baskin, a leading peace negotiator for Israel who has several contacts in Hamas, stated there was no communication from the group over its next steps. He urged those holding the remaining 100 or so hostages to release them in exchange for money.
“Israel should immediately publish a message to anyone holding a hostage that they will receive safe passage abroad (there are countries that will take them in) and a serious sum of money in exchange for the release of hostages," he said. “Israel must act quickly and also inform Egypt and Qatar that they are ready to reach a deal to return all the hostages and end the war.”
Mr Baskin added that there may be an opportunity to reach a deal, “but it is very essential to act now”.
An Israeli security source told The National that the armed forces and large parts of society hoped Mr Sinwar’s death would “shut it all down” in terms of ending the war.
“Given that Sinwar was the significant barrier to reaching some kind of ceasefire deal, and the fact that he was known within Hamas for his own radicalism, there is hope now that we are marginally closer to a ceasefire and hostage release deal, but it's very far from confirmed.”
However, there was an issue that some in Hamas would like to fight on “to be martyred”. There was also the possibility of a deal involving Hamas, Hezbollah and Iran, although that was “remote”, he admitted.
Israeli strikes have killed more than 42,000 Palestinians, and reduced much of the coastal enclave to rubble. The war has also spilt over across the region, and more than 2,000 people have been killed in Lebanon amid the Israeli invasion and strikes on the south and Beirut.
Following the announcement of Mr Sinwar's killing on Thursday, President Joe Biden said it was a “good day” for Israel, the US and the world, and created an “opportunity” for a Gaza without Hamas.
Secretary of State Antony Blinken, who is currently in Germany, said in a joint statement with his German counterpart Anaalena Baerbock that "Sinwar stood in the way of a ceasefire in Gaza" and that "his death can create a momentum to end the conflict".
The Biden administration has blamed Hamas for the failure to reach a deal, which aimed for a six-week ceasefire during which hostages being held by Hamas would be released in exchange for Palestinian detainees held in Israeli jails.
But with Hamas's leadership structure upended with the death of Mr Sinwar, as well as the killing of Ismail Haniyeh this summer, it remains unclear who, if anyone could take the reins of the organisation. If and when ceasefire talks resume, it is unclear what the new dynamics would be. The fate of the hostages is also unclear.
“I could tell you today that we're getting the teams back together in Doha, and we're starting afresh,” Mr Kirby said. “That's not where we are right now. We're not in a position right now where serious negotiations are in the offing.”
Mr Netanyahu on Friday promised to press on with the war in Gaza as well as in Lebanon, and gave no indication that eliminating Mr Sinwar would be a reason to stop the fighting.
The White Lotus: Season three
Creator: Mike White
Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell
Rating: 4.5/5
UAE currency: the story behind the money in your pockets
Dhadak 2
Director: Shazia Iqbal
Starring: Siddhant Chaturvedi, Triptii Dimri
Rating: 1/5
Where to submit a sample
Volunteers of all ages can submit DNA samples at centres across Abu Dhabi, including: Abu Dhabi National Exhibition Centre (Adnec), Biogenix Labs in Masdar City, NMC Royal Hospital in Khalifa City, NMC Royal Medical Centre, Abu Dhabi, NMC Royal Women's Hospital, Bareen International Hospital, Al Towayya in Al Ain, NMC Specialty Hospital, Al Ain
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The biog:
Favourite book: The Leader Who Had No Title by Robin Sharma
Pet Peeve: Racism
Proudest moment: Graduating from Sorbonne
What puts her off: Dishonesty in all its forms
Happiest period in her life: The beginning of her 30s
Favourite movie: "I have two. The Pursuit of Happiness and Homeless to Harvard"
Role model: Everyone. A child can be my role model
Slogan: The queen of peace, love and positive energy
UAE currency: the story behind the money in your pockets
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%20PROFILE
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EA Sports FC 26
Publisher: EA Sports
Consoles: PC, PlayStation 4/5, Xbox Series X/S
Rating: 3/5
Company%20profile
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World Test Championship table
1 India 71 per cent
2 New Zealand 70 per cent
3 Australia 69.2 per cent
4 England 64.1 per cent
5 Pakistan 43.3 per cent
6 West Indies 33.3 per cent
7 South Africa 30 per cent
8 Sri Lanka 16.7 per cent
9 Bangladesh 0
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
What is hepatitis?
Hepatitis is an inflammation of the liver, which can lead to fibrosis (scarring), cirrhosis or liver cancer.
There are 5 main hepatitis viruses, referred to as types A, B, C, D and E.
Hepatitis C is mostly transmitted through exposure to infective blood. This can occur through blood transfusions, contaminated injections during medical procedures, and through injecting drugs. Sexual transmission is also possible, but is much less common.
People infected with hepatitis C experience few or no symptoms, meaning they can live with the virus for years without being diagnosed. This delay in treatment can increase the risk of significant liver damage.
There are an estimated 170 million carriers of Hepatitis C around the world.
The virus causes approximately 399,000 fatalities each year worldwide, according to WHO.
The%20Mandalorian%20season%203%20episode%201
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ERick%20Famuyiwa%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EPedro%20Pascal%20and%20Katee%20Sackhoff%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E4%2F5%C2%A0%3C%2Fp%3E%0A
Film: In Syria
Dir: Philippe Van Leeuw
Starring: Hiam Abbass, Diamand Bo Abboud, Mohsen Abbas and Juliette Navis
Verdict: Four stars
Pari
Produced by: Clean Slate Films (Anushka Sharma, Karnesh Sharma) & KriArj Entertainment
Director: Prosit Roy
Starring: Anushka Sharma, Parambrata Chattopadhyay, Ritabhari Chakraborty, Rajat Kapoor, Mansi Multani
Three stars