Israeli Prime Minister Benjamin Netanyahu at the US Capitol in Washington, DC. AFP
Israeli Prime Minister Benjamin Netanyahu at the US Capitol in Washington, DC. AFP
Israeli Prime Minister Benjamin Netanyahu at the US Capitol in Washington, DC. AFP
Israeli Prime Minister Benjamin Netanyahu at the US Capitol in Washington, DC. AFP

Netanyahu joins Trump in saying US troops not required for Gaza


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Live updates: Follow the latest on Israel-Gaza

US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu separately said on Thursday that American troops would not be needed in Gaza, which was mentioned as a potential part of the US leader's much-criticised plan to redevelop the Palestinian enclave.

Mr Trump said Israel would hand over the Gaza Strip to the US after the fighting ends. By then, Palestinian residents would have already been resettled elsewhere in “far safer and more beautiful communities with new and modern homes in the region”.

“No soldiers by the US would be needed! Stability for the region would reign!” Mr Trump wrote on his Truth Social platform. On Tuesday, he had said he would send US troops if it was necessary.

Mr Netanyahu, who is in Washington this week, visited the US Capitol on Thursday, where he, too, said US troops are not needed in Gaza.

Gathering with bipartisan members of the US Senate ahead of a meeting with Republican majority leader John Thune, Mr Netanyahu simply answered, “no”, when asked if he supported a US posting to the strip.

Mr Trump proposed at a Tuesday press conference with Mr Netanyahu that the US should take “long-term ownership” of Gaza. He also said he wanted to see the Gaza Strip redeveloped into the “Riviera of the Middle East”. The comments have drawn widespread condemnation in the Middle East and elsewhere.

Despite the apparent walk-back of comments regarding US troops being posted to Gaza, a US military contractor, UG Solutions, last week told Reuters that it is hiring nearly 100 special forces veterans to help run a checkpoint in the enclave during the initial phases of the Israel-Gaza ceasefire.

Mr Netanyahu was on Capitol Hill meeting with a new Republican majority that has promised to ramp-up Washington's support of Israel. Mr Thune delivered a message to Israelis after clinching party leadership in the Senate chamber: “Reinforcements are on the way.”

Among the senators posing for a photo-op with Mr Netanyahu was Republican Tom Cotton, who is leading legislation aimed at eliminating all official US references to the “West Bank” and refer to the occupied Palestinian territory as “Judea and Samaria” instead.

The Israeli Prime Minister was also due to meet Speaker of the House Mike Johnson.

Senate foreign relations committee ranking member Jeanne Shaheen said she had a “frank and productive” conversation with Mr Netanyahu.

“I also stressed to Prime Minister Netanyahu the importance to Israel’s long-term security of maintaining stability in the West Bank and the need to work with our partners in the region towards a negotiated two-state outcome with a Palestinian state living side by side with Israel in equal measures of peace, security and mutual recognition,” Ms Shaheen said.

Mr Trump's Gaza comments prompted an immediate response from some members of his own Republican Party, who expressed confusion at the off-the-cuff reversal of US policy on the Israeli-Palestinian conflict.

Alaska Republican senator Lisa Murkowski said she does not “even want to speculate to that question, because I think that is quite frightening”, she said.

Democratic senator Chris van Hollen, among the few senators to vocally condemn Israel's Gaza war and who has pledged to oppose all of Mr Trump's State Department nominations over the recent shuttering of the US Agency for International Development (USAID), called the plan “ethnic cleansing by any other name”.

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Name: Kumulus Water
 
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Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
The specs: 2019 Lincoln MKC

Price, base / as tested: Dh169,995 / Dh192,045

Engine: Turbocharged, 2.0-litre, in-line four-cylinder

Transmission: Six-speed automatic

Power: 253hp @ 5,500rpm

Torque: 389Nm @ 2,500rpm

Fuel economy, combined: 10.7L / 100km

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%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Fasset%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2019%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Mohammad%20Raafi%20Hossain%2C%20Daniel%20Ahmed%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%3C%2Fstrong%3E%20%242.45%20million%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2086%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Pre-series%20B%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Investcorp%2C%20Liberty%20City%20Ventures%2C%20Fatima%20Gobi%20Ventures%2C%20Primal%20Capital%2C%20Wealthwell%20Ventures%2C%20FHS%20Capital%2C%20VN2%20Capital%2C%20local%20family%20offices%3C%2Fp%3E%0A
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Directors: Avinash Arun, Prosit Roy 

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How to invest in gold

Investors can tap into the gold price by purchasing physical jewellery, coins and even gold bars, but these need to be stored safely and possibly insured.

A cheaper and more straightforward way to benefit from gold price growth is to buy an exchange-traded fund (ETF).

Most advisers suggest sticking to “physical” ETFs. These hold actual gold bullion, bars and coins in a vault on investors’ behalf. Others do not hold gold but use derivatives to track the price instead, adding an extra layer of risk. The two biggest physical gold ETFs are SPDR Gold Trust and iShares Gold Trust.

Another way to invest in gold’s success is to buy gold mining stocks, but Mr Gravier says this brings added risks and can be more volatile. “They have a serious downside potential should the price consolidate.”

Mr Kyprianou says gold and gold miners are two different asset classes. “One is a commodity and the other is a company stock, which means they behave differently.”

Mining companies are a business, susceptible to other market forces, such as worker availability, health and safety, strikes, debt levels, and so on. “These have nothing to do with gold at all. It means that some companies will survive, others won’t.”

By contrast, when gold is mined, it just sits in a vault. “It doesn’t even rust, which means it retains its value,” Mr Kyprianou says.

You may already have exposure to gold miners in your portfolio, say, through an international ETF or actively managed mutual fund.

You could spread this risk with an actively managed fund that invests in a spread of gold miners, with the best known being BlackRock Gold & General. It is up an incredible 55 per cent over the past year, and 240 per cent over five years. As always, past performance is no guide to the future.

PREMIER LEAGUE FIXTURES

Saturday (UAE kick-off times)

Watford v Leicester City (3.30pm)

Brighton v Arsenal (6pm)

West Ham v Wolves (8.30pm)

Bournemouth v Crystal Palace (10.45pm)

Sunday

Newcastle United v Sheffield United (5pm)

Aston Villa v Chelsea (7.15pm)

Everton v Liverpool (10pm)

Monday

Manchester City v Burnley (11pm)

Updated: February 07, 2025, 7:45 AM