Protesters hold a Palestinian flag, at Sana'a University, Yemen. EPA
Protesters hold a Palestinian flag, at Sana'a University, Yemen. EPA
Protesters hold a Palestinian flag, at Sana'a University, Yemen. EPA
Protesters hold a Palestinian flag, at Sana'a University, Yemen. EPA


US sits on sidelines as global momentum builds for a two-state solution


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July 30, 2025

Britain's announcement that it might finally recognise the State of Palestine dominated headlines this week, overshadowing a UN summit that could prove consequential in securing a two-state solution to the Israeli-Palestinian conflict.

Prime Minister Keir Starmer's declaration that the UK would probably recognise Palestine at the UN General Assembly in September was notable, especially given Britain's historical role in creating Israel and its 1917 Balfour Declaration endorsing the Zionist movement.

But, in a style typical of the prevaricating Labour leader, he sucked the oxygen out of his own announcement by leaving space for a U-turn if Israel somehow manages to address the humanitarian catastrophe it has engineered in Gaza.

Meanwhile at the UN, France and Saudi Arabia this week hosted a conference aimed at generating momentum towards a two-state solution ahead of the General Assembly.

France has already said it will recognise Palestine in September – no ifs or buts – and Saudi Arabia has long pushed for Palestinian statehood and made it a condition of establishing relations with Israel.

A largely overlooked piece of news came late on Tuesday in the form of a joint declaration from France and 14 other western countries that are allies of Israel saying they have, or they would be willing to, recognise Palestinian statehood at the General Assembly.

Among them: Canada, New Zealand and Australia, none of which currently recognise Palestine. Canadian Prime Minister Mark Carney on Wednesday said Canada "intends" to recognise the Palestinian state at the UN General Assembly.

We are at a tipping point, and other countries are sure to join in. If those on the list do indeed recognise the State of Palestine, it would mean that more than 150 of the UN's 193 member states recognise it - with Israel, Germany and the US among the few major nations still refusing to do so.

It is a strong statement. As my colleague Adla Massoud reported from the UN, the declaration also condemns the October 7 attacks, calls for the release of all hostages and the disarmament of Hamas. Washington has vetoed several Security Council ceasefire resolutions exactly because they omitted these important aspects.

Instead of acknowledging any of this, the US chose to react with fury to France and Saudi Arabia having the temerity to host a two-state summit, calling it an "insult" and an "unproductive and ill-timed" publicity stunt. The US and Israel both boycotted the event.

"Far from promoting peace, the conference will prolong the war, embolden Hamas, and reward its obstruction and undermine real-world efforts to achieve peace," State Department spokeswoman Tammy Bruce said.

Israel and the US say recognising Palestine now serves only as a reward to Hamas after the October 7, 2023, attacks that saw about 1,200 people killed and some 250 kidnapped.

But such condemnation wilfully neglects the reality on the ground in Gaza, where more than 60,100 people have been killed in Israel's assault. Many more are feared to have died from less-immediate causes, such as from diseases being left untreated due to Israel's systematic destruction of the enclave's hospitals.

For all his talk of being a deal-maker and his determination to win a Nobel Peace Prize, President Donald Trump has been unable to secure a new ceasefire in Gaza, where starvation is now claiming lives on a daily basis, and his thinking remains rigidly pro-Israel on the issue.

What seems clear to most of the world – but still not to the US – is that the pre-October 7 orthodoxy on recognising Palestine no longer holds. The promise of statehood was always dangled as a reward for a successful outcome to hypothetical talks in the future, even though Israel pushed the prospects of a two-state solution ever further out through its illegal settlements in the West Bank.

For each month that passes without international recognition of Palestine, Israel annexes more land and settlers commit more crimes. The aim is to make a Palestinian state inviable, which is why recognition now is vital.

Israel has always enjoyed broad support in the US but after nearly two years of collective punishment in Gaza, that is slipping, particularly among younger people. Another crack appeared this week when Republican Representative Marjorie Taylor Greene, a leading voice in Mr Trump's Make America Great Again movement, said Israel is committing "genocide" in Gaza.

The firebrand congresswoman has long been accused of espousing anti-Semitic conspiracy theories, but her comments on Gaza could signal a turning point in the conversation among Republicans.

Something has to change and Washington's unblinking support for Israel is increasingly putting it at odds with the rest of the world, which is now seeing an opening to act without Uncle Sam's blessing.

Internally displaced Palestinians carry bags of flour near a food distribution point in Zikim, northern Gaza Strip. EPA
Internally displaced Palestinians carry bags of flour near a food distribution point in Zikim, northern Gaza Strip. EPA

French business

France has organised a delegation of leading businesses to travel to Syria. The group was led by French shipping giant CMA CGM, which struck a 30-year contract in May with the Syrian government to develop and run Latakia port. Also present were water and waste management company Suez, defence multinational Thales, and Ellipse Group, which is currently looking into rehabilitating Syrian hospitals.

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Singham Again

Director: Rohit Shetty

Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone

Rating: 3/5

PROFILE

Name: Enhance Fitness 

Year started: 2018 

Based: UAE 

Employees: 200 

Amount raised: $3m 

Investors: Global Ventures and angel investors 

MATCH INFO

Barcelona 4 (Messi 23' pen, 45 1', 48', Busquets 85')

Celta Vigo 1 (Olaza 42')

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.”

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

SPEC%20SHEET%3A%20SAMSUNG%20GALAXY%20S24%20ULTRA
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UAE currency: the story behind the money in your pockets
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The Sand Castle

Director: Matty Brown

Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

Rating: 2.5/5

The drill

Recharge as needed, says Mat Dryden: “We try to make it a rule that every two to three months, even if it’s for four days, we get away, get some time together, recharge, refresh.” The couple take an hour a day to check into their businesses and that’s it.

Stick to the schedule, says Mike Addo: “We have an entire wall known as ‘The Lab,’ covered with colour-coded Post-it notes dedicated to our joint weekly planner, content board, marketing strategy, trends, ideas and upcoming meetings.”

Be a team, suggests Addo: “When training together, you have to trust in each other’s abilities. Otherwise working out together very quickly becomes one person training the other.”

Pull your weight, says Thuymi Do: “To do what we do, there definitely can be no lazy member of the team.” 

UJDA CHAMAN

Produced: Panorama Studios International

Directed: Abhishek Pathak

Cast: Sunny Singh, Maanvi Gagroo, Grusha Kapoor, Saurabh Shukla

Rating: 3.5 /5 stars

UAE currency: the story behind the money in your pockets
Kandahar%20
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New UK refugee system

 

  • A new “core protection” for refugees moving from permanent to a more basic, temporary protection
  • Shortened leave to remain - refugees will receive 30 months instead of five years
  • A longer path to settlement with no indefinite settled status until a refugee has spent 20 years in Britain
  • To encourage refugees to integrate the government will encourage them to out of the core protection route wherever possible.
  • Under core protection there will be no automatic right to family reunion
  • Refugees will have a reduced right to public funds

Kathryn Hawkes of House of Hawkes on being a good guest (because we’ve all had bad ones)

  • Arrive with a thank you gift, or make sure you have one for your host by the time you leave. 
  • Offer to buy groceries, cook them a meal or take your hosts out for dinner.
  • Help out around the house.
  • Entertain yourself so that your hosts don’t feel that they constantly need to.
  • Leave no trace of your stay – if you’ve borrowed a book, return it to where you found it.
  • Offer to strip the bed before you go.
ABU%20DHABI'S%20KEY%20TOURISM%20GOALS%3A%20BY%20THE%20NUMBERS
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Tailors and retailers miss out on back-to-school rush

Tailors and retailers across the city said it was an ominous start to what is usually a busy season for sales.
With many parents opting to continue home learning for their children, the usual rush to buy school uniforms was muted this year.
“So far we have taken about 70 to 80 orders for items like shirts and trousers,” said Vikram Attrai, manager at Stallion Bespoke Tailors in Dubai.
“Last year in the same period we had about 200 orders and lots of demand.
“We custom fit uniform pieces and use materials such as cotton, wool and cashmere.
“Depending on size, a white shirt with logo is priced at about Dh100 to Dh150 and shorts, trousers, skirts and dresses cost between Dh150 to Dh250 a piece.”

A spokesman for Threads, a uniform shop based in Times Square Centre Dubai, said customer footfall had slowed down dramatically over the past few months.

“Now parents have the option to keep children doing online learning they don’t need uniforms so it has quietened down.”

TOURNAMENT INFO

2018 ICC World Twenty20 Asian Western Regional Qualifier
The top three teams progress to the Asia Qualifier

Thursday results
UAE beat Kuwait by 86 runs
Qatar beat Bahrain by five wickets
Saudi Arabia beat Maldives by 35 runs

Friday fixtures
10am, third-place playoff – Saudi Arabia v Kuwait
3pm, final – UAE v Qatar

Kill%20
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HWJN
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While you're here
Updated: July 31, 2025, 11:10 AM